Forex Signals

According to various sources, the U.S. Securities and Exchange Commission (SEC) plans to use new financial laws to pursue credit-rating fraud initiated overseas.  This decision came after SEC dropped a fraud case against Moody’s Corp citing uncertainty over its authority to bring the case in the United States.   
The SEC’s investigation found that a Moody’s [...]

Atlanta Fed president Lockhart says there is absolutely no appetite at the Fed to monetize the debt. Monetizing debt is when a nation’s central bank buys the debt issued by the country’s Treasury.
Some while argue that the Fed has partially monetized via QE, but in reality its portfolio its Treasury holdings are not that much [...]

A Reuters poll of Canadian economists shows that 55% expect a 25 bp hike from the BOC next week to 1%. For what its worth, 10 of 12 primary dealers  (firms that deal at Canadian bond auctions) see a hike next week.
Looks like we could get some volatility on Wednesday, if nothing else.

China’s passenger car sales rose 59.3% y/y in August, marked improvement from the 15.4% y/y rise seen in July
Departing White House economist Romer:  US budget deficit cannot be excuse for leaving unemployed to suffer. US has tools that would bring unemployment rate down, must find will to use them
Currency trading growth slowed amid crisis, BIS [...]

These should be the most interesting FOMC minutes in a long time based on the Wall Street Journal article several weeks ago which highlighted the unusually large number of participants (7 of 17) who took issue with the Fed dipping its toe back into the quantitative easing waters.
From a policy perspective, Bernanke laid out several [...]

Geopolitical intelligence firm Stratfor has picked up rumors that PBOC head Zhou has defected.
While that would be very interesting news and a story that would likely make a good novel, it won’t likely change Chinese monetary policy very much, if at all.
Stratfor concludes that Zhou was under pressure for loses suffered in US Treasuries. [...]

The Journal ups the ante, saying the anticipated emergency BOJ meeting may take places as early as tomorrow.
Some of the policy steps the BOJ could take would be to increase the amount of funds the BOJ makes available to the banks at a fixed 0.1% for three months. (The market expects at least a [...]

Reuters piles on the talk that there will be an emergency BOJ meeting next week when the Governor returns from the Jackson Hole conference.
Increasing the size of the supply of JPY loans to the market at 0.1%, presently capped at JPY 20 trln is the most likely route the BOJ will follow, the article says, [...]

Speaking at Jackson Hole, BOE deputy governor Bean said more monetary policy easing may yet bee needed.
Avoiding future crises in the credit markets will require central bankers and regulators to rely more on regulation than merely on monetary policy, Bean said.
The BOE is replacing the Financial Services Authority as the primary bank regulator in the [...]

Recovery on track but growth will be slower than Q2 for Europe.
Europe bordering on self-sustaining recovery
Labor market performance in Germany very strong
Too early to say sovereign debt crisis in Europe behind us, though stabilized
Refuses comment on monetary policy as in blackout period before September meeting
Good crisis management does not distort long-term incentives
Refuses comment on US [...]