Latest stories in the International section

Fed Chairman warns against premature QE exit

12 hours ago

In remarks to the United States Congressional Joint Economic Committee on Wednesday, Federal Reserve Chairman Ben Bernanke warned against a pre-mature tightening of monetary policy.

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Fed Chairman warns against premature QE exit

In remarks to the United States Congressional Joint Economic Committee on Wednesday, Federal Reserve Chairman Ben Bernanke warned against a pre-mature tightening of monetary policy. 12 hours ago

Incoming BoE chief Carney points to deep challenges Europe faces

Current Bank of Canada Governor and soon-to-be head of the Bank of England (BoE) Mark Carney pointed out the deep challenges facing Europe due to austerity, a lack of confidence and tight credit. He suggested that the region could learn lessons from Japan on not following through with solid policy. 19 hours ago

Bank of Japan holds policy unchanged, ups outlook

The Bank of Japan (BoJ) left its monetary policy unchanged as expected on Wednesday while upping its assessment of the economy based on an improved outlook. 20 hours ago

European summit to discuss more union but no conclusions expected

The European Council is set to hold yet another summit and unsurprisingly make little definitive progress as European Union heads of state meet on Wednesday in Brussels. 20 hours ago

OECD first-quarter growth picks up

A report published on Tuesday by the Organization for Economic Coorperation and Development (OECD) showed that overall growth amidst its members improved during the first quarter. 2 days ago

Spain sells short-term debt at higher costs

Spain managed to sell more short-term sovereign debt that it had originally predicted today but with mixed results on both demand and financing costs. 2 days ago

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Traders' views

A with most currencies as we stand...”it’s all about Bernanke!”

By Ishaq Siddiqi

Earlier this week we heard from the Reserve Bank (of Australia) and post those (RBA) minutes, which tended to confirm what most had suspected (that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates).

The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low 1Q CPI print and the benign inflation outlook, to lower the cash rate. 

Are the Equity markets too confident to ignore geo-political risk and war?

By Ronnie Chopra

The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.

This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets. 

Sharp fall in silver today – fallen to levels not seen since September 2010

By Ronnie Chopra

This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.

A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.

Has the dollar rallied too far, too quickly?

By Ishaq Siddiqi

Despite general US data thus far this week coming in a little softer, the dollar retains a bid tone, as US risk markets keep on posting new highs despite much speculation on whether USD may have rallied a little too far, too quickly.

Today we await CPI numbers and US data including housing, jobless claims and the Philly Fed.)

Will the yen fall again?

By Zoe Fiddes

The depreciation of the Japanese yen has been an ongoing process for many months now, and recent developments have contributed to its continued decline. However, upcoming data might change the direction upwards.

Japan’s currency is once more weakening compared to the US dollar. 

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ETX Capital Daily Market Bite, 22.05.13: European Markets Waiting For Fed Head Bernanke

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