•  
  • New York 13:18
  • London 17:18
  • Barcelona 18:18
  • Tokyo 02:18
  • Sydney 04:18
  • SignUp | Login

Start the Day

Bank of Japan votes to end ultra−cheap money to banks in March

Fri, Oct 30 2009, 07:37 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


Vote:

7

1

Quote:

‘I would rather start out somewhere small, like London or England.’ Britney Spears (1981-)


The News:

Bank of Japan votes to end ultra-cheap money to banks in March; forecasts 3 years of deflation.


The Numbers:

Greenwich Mean Time, with expectations and previous figures in brackets.

(23:30) JP September Jobless 5.3%, Job-to-Applicant 0.43, versus 5.5% and 0.42 August.

(23:30) JP September Household Spending +1.0% Y/Y versus +2.6% August.

(23:30) JP October Tokyo CPI –2.4% Y/Y, Ex-Fresh Food –2.2%, versus revised –2.1% and –2.1% September.

(23:30) JP September National CPI –2.2% Y/Y, Ex-Fresh Food –2.3%, versus –2.2% and –2.4% August.

00:01 GB October GfK Consumer Confidence –13 versus –16 September.

05:00 JP September Housing Starts 699K and –37.0%, Construction Orders 14.0%, vs 676K,–38.3% and –25.2% Aug.

07:00 DE September Retail Sales –1.5% M/M, -3.9% Y/Y, versus revised –1.8% and –2.9% August.

07:00 GB October Nationwide House Prices +0.4% M/M, +2.0% Y/Y, versus +0.9% and 0% September.

10:00 EZ16 October CPI (0% to –0.3% Y/Y versus –0.3% September). 10:30 CH Oct KOF (0.9 to 1.4 vs 0.85 Sep).

10:00 EZ16 September Unemployment (9.6% to 9.8% versus 9.6% August).

12:30 US September Personal Income (-0.2% to +0.2%, Spending –0.8% to –0.1%, vs +0.2% and +1.3% August).

12:30 US September Core PCE (+0.1% to +0.2% M/M, +1.2% to +1.4% Y/Y, versus +0.1% and +1.3% August).

12:30 US Q3 Employment Cost Index (+0.3% to +0.6% versus +0.4% Q2). CA August GDP (-0.3% to +0.5% vs 0%).

13:45 US October Chicago Purchasing Managers (47 to 52.5 versus 46.1 September).

14:00 US final October University of Michigan Confidence Survey (68 to 74 versus 69.4).


The Psychology:

German police arrest founder of K1 Group suspected of embezzling millions from global banks.


The Risk:

Markets looking for direction.


Today’s most interesting chart: GBP/JPY

Thrashing around at 50% retracement and ‘cloud’.

Start The Day



Legal disclaimer and risk disclosure

The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.
Vote:

7

1

Related reports

Continued Economic Recovery, Low Inflation by Wells Fargo Investments, LLC
Fri, Mar 19 2010, 19:58 GMT

Discount rate discussions keeping floor under bonds by Interactive Brokers LLC
Fri, Mar 19 2010, 14:29 GMT

London Gold Market Report by BullionVault.com
Fri, Mar 19 2010, 13:52 GMT

European Session News Summary by ecPulse.com
Fri, Mar 19 2010, 13:46 GMT

Squaring the circle by UniCredit Group
Fri, Mar 19 2010, 13:04 GMT

japan, us, techbanks, eurozone, uk

[ View All ]

Related content

Indices: Dow plummets premarket
FXstreet.com | Fri, Mar 19 2010, 14:15 GMT

Indices: FTSE 'painful' climb set to continue
FXstreet.com | Fri, Mar 19 2010, 13:32 GMT

European Morning Wrap: Busy, interesting, morning session
Forex Live | Fri, Mar 19 2010, 11:51 GMT

Asian FX market wrap: Chinese/US tensions, fewer JPY repatriations
Forex Live | Fri, Mar 19 2010, 05:02 GMT

Japan All Industry Activity Index (MoM) up to 3.8% in Jan from -0.3%
FXstreet.com | Fri, Mar 19 2010, 04:32 GMT

japan, us, techbanks, eurozone, uk

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.