Dovish

Source: www.fxstreet.com --- 10 days ago
Headlines Crude oil drops further on weak equities and strong US dollar ...

Source: seekingalpha.com --- 36 days ago
The Prudent Investor submits: The governing council of the European Central Bank [ECB] seems to have had a very sanguine meeting, leaving the key interest rate unchanged (as expected) at 4.25% in a unanimous vote. I am actually blown away by the Dovish tone expressed in the introductory statement and the following press conference. It's not only that the ECB has for the first time failed to mention "being vigilant" - a standard phrase in the past - but now starts to blame wage effects for the surge in inflation it has so far failed to address appropriately with a more decisive rate policy. Complete Story » ...

Source: clientportal.ibb.ubs.com --- 31 days ago
This document is related to the following: Regions Global Americas United States North America Subjects Market Strategy / Comment Morning Note ...

Source: www.dailyfx.com --- 34 days ago
Swiss National Bank officials spoke this morning and gave the market reason to believe the central bank would follow its European counterpart by taking... ...

Source: www.dailyfx.com --- 27 days ago
The US Federal Reserve unexpectedly left interest rates unchanged, bolstering the US dollar and forcing a near-instant sell-off in the US Dow Jones Industrials... ...

Source: www.moneymovesmarkets.com --- 34 days ago
Unsurprisingly, my MPC and ECB models signal no change in rates at today’s meetings but both are consistent with an easing bias. The MPC-ometer suggests either a 5-4 vote for unchanged rates (four votes for a 25 bp cut) or 6-2-1 (two votes for 25 bp, one vote for 50 bp – no prizes). Key contributors to the Dovish forecast are the downward revision to second-quarter GDP, a fall in price expectations in the EU consumer survey and lower short-term gilt yields. Partially offsetting these factors are the weak exchange rate and higher share prices. One caveat: the actual vote has been less Dovish than the model’s predictions recently. However, historically it has sometimes been early in picking up shifts in the MPC’s thinking. For comparison, the Sunday Times Shadow MPC has voted 7-2 for unchanged rates (two votes for a 50 bp cut). The ECB-ometer, which signalled July’s 25 bp rise, is now suggesting a one-third chance of a cut. Factors contributing to the Dovish swing include weak business and consumer surveys, a slight decline in inflation, slowing M3 growth and a fall in short-term bond yields. With policy tightened only two months ago, officials are understandably reluctant to concede that incoming data now warrant an easing bias. However, there may be some minor changes to the language in today’s policy statement to the effect that either upside inflation risks have diminished slightly or – more likely – downside growth risks have increa ...

Source: www.usatoday.com --- 18 days ago
Questions for the candidates The financial crisis now dwarfs the international issues that once dominated the campaign. But their importance has not diminished, nor have concerns that John McCain would be overly hawkish and Barack Obama overly Dovish. Some key... ...

Source: www.marketwatch.com --- 41 days ago
The Bank of Canada keeps interest rates unchanged and issues a more Dovish-than-expected statement downplaying risks to the country's economy. ...

Source: www.marketwatch.com --- 40 days ago
The Bank of Canada keeps interest rates unchanged and issues a more Dovish-than-expected statement downplaying risks to the country's economy. ...

Source: www.guardian.co.uk --- 26 days ago
Dovish leader who advocates a two-state Palestinian solution wins a striking victory in Kadima party election ...

Source: www.marketwatch.com --- 40 days ago
Canadian stocks followed up Tuesday’s plunge with another materials-driven sell-off Wednesday, after the nation’s central bank held interest rates steady and issued a more Dovish statement than some had expected. ...

Source: www.economist.com --- 9 days ago
Central banks may be forced into action HERE comes the cavalry, part two. In recent months, authorities have been relying on fiscal measures, bank bailouts and money-market interventions to try to solve the credit crunch. Higher-than-desired headline inflation meant they were reluctant to cut interest rates. Now it looks as if they will have to turn to monetary policy after all. A series of pretty dreadful economic statistics has given them no choice. The odds of a 50 basis point (half a percentage point) cut in the Fed funds rate rose to 90% on Friday, on the basis of futures-market prices. On Thursday, a more Dovish tone from the European Central Bank suggested that the inflation hawks in Frankfurt might be willing to give ground soon. And three quarters of analysts polled by Bloomberg believe the Bank of England will cut rates on October 9th. ... ...

Source: www.fxstreet.com --- 12 days ago
The buck extended gains against most of the majors in the NY session as optimism that the government bailout will be passed soon seemingly helped matters.  Moreover, the market looks to be positioning ahead of what looks likely to be a rather Dovish post-ECB press conference from Trichet tomorrow.  EUR/USD took it on the chin and fell more than -65 pips in the span to a close just above the 1.4010 mark.  GBP/USD was clobbered more than -80 pips towards the 1.7705/10 area as ...

Source: www.fxstreet.com --- 11 days ago
The bank has opened the door for cuts! The inflationary pressures have been diminished as he said, but they have not disappeared. He spoke to the reporters concerning the slowing of the European economy, which is equally as affected by the global economic crisis. His tone was far more Dovish than anticipated, and the traders “honored” his words, by heavily selling the European currency against the dollar and other currencies too. The EUR/USD broke important support levels of 1.38 easily and ...

Source: www.fxstreet.com --- 42 days ago
Action Insight Daily Report Aussie Soft after RBA Cut, Dollar Remains Firm ahead of ISM Aussie remains soft after RBA cut rates for the first time in seven years as widely expected. The overnight cash rate is lowered by 25bps to 7.00%. There is no immediately selloff after the announcement as the statement is somewhat less Dovish than expected and suggests that the next policy move will be data dependent. The statement said that the Board will continue to assess prospects for demand and ...

Source: www.fxstreet.com --- 31 days ago
The buck lost ground against most of the majors in London trading as hawkish rhetoric out of the ECB counteracted rather tepid Eurozone economic data reports.  The highlights were ECB President Trichet harping again about inflation and noting that it remains much higher than the target.  Luxembourg's Finance Minister Juncker backtracked somewhat on previous Dovish remarks made earlier this week and said that it is not true that Europe is on the brink of recession. The news on the ...

Source: www.fxstreet.com --- 39 days ago
Unstable global economic environment has brought “unwinding carry trades. We have seen the free fall JPY crosses, especially the GBP/JPY that hit a remarkable low at 186.07. looking back the week on September 8th, both the Bank of England and the European Central Bank decided to hold the rates unchanged at 5.00% and 4.25% respectively. The ECB president Trichect's comments seemed as Dovish side that has pushed the EUR/USD down further. On the other hand, as the BoE decided to hold the ongoing ...

Source: www.fxstreet.com --- 41 days ago
Action Insight Mid-Day Report CAD Reverses after BoC, USD Retreats on Profit Taking Canadian dollar rebound strongly in early US session after BoC left rates unchanged at 3.00% and issued a less Dovish than expected statement. The statement note that interest rates remain appropriately accommodative. The bank believes inflation will "converge" around the 2% target by H2 2009 and headline inflation will be lower than expected due to retreating energy prices. Domestic demand in Canada slowed by ...

Source: seekingalpha.com --- 40 days ago
Kathy Lien submits: In Tuesday’s Daily Currency Focus, we said that the 1.45 level was significant support in the EUR/USD.A break below that level would have opened the door for a move down to 1.42. Even though the EUR/USD did take out the support to hit an intraday low of 1.4385, what was more impressive was the currency pair’s reversal. The close back near today’s high reflects strength rather than weakness. The European Central Bank interest rate decision is the wildcard Thursday.The recent decline in the Euro suggests that the market is expecting the ECB to be Dovish despite their clearly hawkish rhetoric. Traders are looking at the price of oil and the recent Eurozone economic data and drawing the conclusion that the ECB can no longer be stubbornly hawkish.Second quarter growth and retail sales were both weaker than expect.Although service sector PMI was revised higher, it still remains in contractionary territory. Complete Story » ...