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Forex News

ECBs Stark on the Wires

ECBs Stark on the Wires

Stark Says:

  • Draghi is right on whats needed in Euro economies
  • The risk of Euro area breakup is exaggerated
  • The euro will continue, absolutely
  • There’s progress in Euro area institutional reform
  • Italy, Spain, Portugal, Ireland aware progress is needed
  • 500 Bln firewall is sufficient
  • Market impact of me quitting was short lived
  • Central bank shouldn’t do monetary financing
  • Europe will overcome crisis will be stronger
  • Buying of government bonds by the ECB postponed needed adjustments in higher debt countries

 

 

Feds Bullard Speaks on CNBC TV

Says:

  • Sees 3% possible growth in 2012
  • 7.8% Unemployment possible by end of year
  • I wouldnt take QE3 off table ever
  • Economy might look different in 6-9 months
  • Labor markets have improved recently
  • Unemployment situation not great
  • Fed rate hike in 2013

Fed’s Fisher on CNBC

Fed’s Fisher on CNBC

Says:

  • ‘Tone is a lot better’ among businesses
  • Jan 25 FOMC statement was ‘talking down the economy’
  • Fed should be ‘cautious’ and ‘do the right thing’
  • ‘Things are getting better, not worse’
  • He sees no need for quantitative easing
  • ‘Our job is not to prob up the street’
  • Any expectation for new QE is ‘wishful thinking’
  • U.S. ‘still has too many people out of work’
  • Will be ‘pleased’ when FOMC develops an exit strategy
  • FOMC likely to keep rates low until improvement

 

 

USDSGD Back Above MAVG’s

The USDSGD pair looks to be firmly above the moving averages again and without any imminent announcements there could be some some room to run.

 

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