Forex Signals

First, TMM must apologise for the lack of posts in recent days, a function of a lack of enthusiasm to start the new year coupled with significant head-scratching with respect to their 2012 Non-Predictions. As readers know, TMM don’t do predictions, but they *do* try to make “Non-Predictions” however, this year they have found them [...]

First up, the ECB’s 3m USD tender today produced a take up of $50bn, not an insignificant sum. The Fundingeristas are already arguing that this indicates that the stresses were even worse than we thought. But TMM take a less pessimistic interpretation: the stigma for using this facility has been removed as it becomes a [...]

As I mentioned above, I hate trading currencies with active Central banks as sometimes their overzealous can produce unfavorable action for traders.  The Swiss National Bank (SNB) is one such entity as they are constantly intervening in their currency, the Swiss franc (CHF).
The reason they do this is because they want a weaker currency to [...]

Source: ForexYard

In an age where central bankers are attempting to increase transparency in the policy making decision process the Brazilian central bank gave a prime example of how not to conduct monetary policy communications when it unexpectedly slashed interest rates by 0.50%.
Leading up to today’s 50 bp interest rate cut the Central Bank of Brazil [...]

Oanda also offers free forex data for end users, however, personally I think out of the others that have been surveyed offering free forex data it’s the least useful of all.
Here are some of it’s features:

Offers the most comprehensive list of ANY of the other providers, giving a plethora of different combinations to obtain cross [...]

That’s the question some are starting to ask now as the market has fully priced in a 25 bp rate hike from the ECB for the Euro zone tomorrow. This comes after yesterday’s downgrade of Portugal’s debt to junk status by Moody’s who are concerned that another bailout may be required.
This also comes after the [...]

On the flip side, the Cleveland Fed’s Pianalto says the labor market is still a long way from where it needs to be.
As noted yesterday, Kotcherlakota is a voter and he voted to maintain the status quo at the last FOMC meeting despite his tough talk…
Also on the wires, the Fed’s Lockhart (Atlanta) says he [...]

Expects trend of tighter monetary policy to continue
Impossible to calculate irrational steps like Greece leaving the euro or restructuring its debt

While Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank intends to hold short-term interest rates near zero, long-term rates are already inching up. That’s bad news for bond investors – and worse for some fixed-income funds than for others.
The average yield on the 10-year Treasury is now hovering at 3.40%, up from [...]