أشرف العايدي على سي ان بي سي العربية -- 03 أبريل 2013
Apr 3, 2013 15:33
Telling CNBC Arabia that yen traders await Thursday's BoJ decision, which will be scrutinized for whether governor Kuroda succeeds in producing a majority vote in favour of an increase in the amount of assets buys and extending the duration of bonds under the asset purchases program (APP to five years or longer, from the current three years.
There is also the contentious "bank note rule", which stipulates that total asset purchases by the central bank may not exceed total bank notes in circulation so as to avoid monetizing of the debt.
The worst from Cyprus is gone as long as there are no signs that haircuts on deposits spread to other Eurozone nations.
Both ADP and services ISM were a disappointment, which is leading to fresh yen strength vs USD.
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I broke down the video below intoTime Stampsfor easier subject selection.
The widely anticipated Fed decision to hold rates unchanged means that December 2025 was the final rate cut under the Fed chairmanship of Jerome Powell. He has two FOMC meetings left to chair (March and May with no meeting shcheduled for April). Most notable about yesterday is that the FOMC statement was less dovish than Powell's press conference. The evidence lies in the 10-15 mins charts, showing EURUSD and gold dropping a bit after the FOMC statement, which noted improvements in growth and employment. Once Powell struck a dovish tone in his press conference, gold stabilized, and took off rapidly after Powell wrapped it up. تم تقسيم الفيديو الى أجزاء زمنية
The other point helping metals was the lack of any substantial comments from US Treasury Secretary Bessent about supporting the US dollar. The fact that there was no explicit remarks favouring the USD strenbth, extended the status quo. Saying the US did not interevene in capping USDJPY was not enough.
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