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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 46
Posted: Feb 22, 2010 5:00
Comments: 46
Forum Topic:
Central Banks (Fed, ECB, BoE, BoJ, SNB, RBA, etc)
Discuss Central Banks (Fed, ECB, BoE, BoJ, SNB, RBA, etc)
Ashraf
i wasnnt expecting a treasury sell of that amplitude or any sell off at that level. not having the right for my ew and time lengh do u think we r in for a range trading for a while yet between 3.90 and 3.60 or are we gonna break up this level
any proposal would be that we r heading to 4percent yield after we see the break UP from this congestion.
we shall see.
Ashraf
2010 Members of the FOMC
http://www.federalreserve.gov/monetarypolicy/fomc.htm
Yellen will speak in a few hours. Shes a dove but is NOT a voter this year.
Ashraf
we might see that currency war i.e. protectionism war between US and China
Ashraf
what do you think about
http://www.marketwatch.com/story/china-leans-toward-yuan-float-2010-03-17
and USDCNY implications ?
Dollar rising across the board amid DEALER TALK of Fed DISCOUNT RATE HIKE TALK is pushing up USD.
RATIONALE: Discount rate now at 0.75%, which is 50 bps above Fed funds, well below the 100-bps spread prevailing before the beginning of the easing cycle (Aug 2007 discount rate cut).
Such reasoning helps address the question on why the Fed opted for an inter-meeting rate hike in February. The agenda of the Fed may have been to raise the discount rate by 25-bps in each of Feb, March and April (or June).
Ashraf
http://bit.ly/aVtRUA
Ashraf
Some reading for you all.
Adam
Ashraf