$/yen, intervention from long held target area (yes, they look at charts)

Wednesday, 15 September 2010 18:04

Take a look at this technical scenario for the USDJPY, by David Solin:

No change in the longer term view in $/yen, as trade since Dec 2008 is seen as a big picture bottoming pattern, likely forming a large falling wedge over that time and with an eventual upside resolution (bottom for at least 9-12 months). But as been mentioning over the last few months, declines back…

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FMI – Greece: First Review Under the Stand-By Arrangement

Wednesday, 15 September 2010 7:03

Although the average maturity of the debt is relatively high, there are large rollover needs in the next three to five years. The average remaining maturity of the general government debt is 8 years, but this largely reflects a few very long-term issues. More than one third of the debt stock will mature in the next three years, and almost half will mature in the next five years.Other aspects of the government debt’s composition are relatively favorable. Of the total general government debt, 98.5 percent was denominated in Euro.

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Growth rising faster than expected but risks increasing too, says OECD Economic Outlook

Wednesday, 26 May 2010 9:21

26/05/2010 – Economic activity in OECD countries is picking up faster than expected but volatile sovereign debt markets and overheating in emerging-market economies are presenting increasing risks to the recovery, according to the OECD’s latest Economic Outlook.

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Cleveland Fed’s president, Sandra Pianalto, discusses “Forecasting in Uncertain Times”

Wednesday, 19 May 2010 7:49

[Source: Federal Reserve of Cleveland]

Text of the speech:

“Forecasting in Uncertain Times

Introduction

My talk today is about forecasting in uncertain economic times. A very wise man named Yogi Berra once said “the future ain’t what it used to be.” Economic forecasters know exactly what he means. As a member of the FOMC, the Federal Reserve’s policy-making…

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ECB’s Statement: ECB decides on measures to address severe tensions in financial markets

Monday, 10 May 2010 10:24

Source: European Central Bank

ECB decides on measures to address severe tensions in financial markets

ECB decides on measures to address severe tensions in financial markets The Governing Council of the European Central Bank (ECB) decided on several measures to address the severe tensions in certain market segments which are hampering the monetary policy transmission mechanism and thereby the effective conduct of monetary policy…

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Statement by Glenn Stevens, Governor: Monetary Policy Decision

Tuesday, 4 May 2010 7:42

Statement by Glenn Stevens, Governor:

Monetary Policy Decision At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010.

Recently, forecasts for world GDP growth have been revised up again, and growth is expected to be at trend pace or a little above in 2010. Conditions in Europe remain quite weak…

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ECB’s statement: ECB assesses the Greek economic and financial adjustment programme

Sunday, 2 May 2010 20:25

Source: European Central Bank

PRESS RELEASE 2 May 2010 – ECB assesses the Greek economic and financial adjustment programme The Governing Council of the European Central Bank (ECB) welcomes the economic and financial adjustment programme which was approved today by the Greek government following the successful conclusion of the negotiations with the European Commission, in liaison with the ECB, and the International Monetary Fund. The ambitious fiscal adjustment and…

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