Intra-Day Market Moving News and Views
06 Mar 2015 06:28GMT
USD/CHF - 0.9735 .... Swiss National Bank reports profit of 38.3 Bln CHF for 2014 Vs 9.1 Bln loss year-ago.
- SNP reports profit from forex positionsof 34.5 Bln CHF
- SNP reports gain on Gold valuation of 4.1 Bln CHF
- SNB says financial result depends largely on developments in the Gold, forex, and capital markets
- SNB says it is not possible to make any predictions about results this year
- SNB says does not exclude suspending or reducing profit Ddistributions in some years, due to considerable volatility in its results
News From Reuters, Fed's Williams said that if Europe, Japan were stronger, forecast for U.S. GDP growth would be closer to 4%.
Earlier, San Francisco Fed President John Williams (2015 voting member of FOMC) said:
- By Mid-Year, Fed Should Seriously Discuss Raising U.S. Rates
- Safer To Raise Rates Early, Gradually, Than Wait And Have To Hike Sharply
- Waiting Too Long To Raise Rates Risks Overshooting On Inflation
- Overshooting Could Force Sharp Rate Hikes, Destabilizing Markets And Damaging Recovery
- Sees Maximum Employment By Year End, If Not Sooner
- Sees Inflation Returning To Normal Over Next Two Years
Recommended Content
Editors’ Picks
EUR/USD extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold closes below key $2,318 support, US GDP holds the key
Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.