Forex

Investing.com –

Investing.com – The pound softened against the dollar on Wednesday after U.S. inflation data met expectations while the Bank of England minutes reflected no change to monetary policy.

In U.S. trading on Wednesday, GBP/USD was down 0.26% at 1.6072, up from a session low of 1.6012 and off a high of 1.6131.

Cable was likely to find support at 1.5873, last Wednesday’s low, and resistance at 1.6186, Tuesday’s high.

The U.S. Labor Department reported earlier that consumer prices rose 0.1% in September, meeting estimates and following a 0.2% decline in August, which sent investors flocking to the greenback.

Core consumer prices, which exclude food and energy costs, rose 0.1% in September, disappointing expectations for a 0.2% gain. Core consumer prices were flat in August, though the overall report confirmed market expectations for the Federal Reserve to make monetary policy less accommodating going forward.

The minutes of the BoE’s October policy meeting released earlier revealed that members voted unanimously to keep the asset purchase facility program on hold.

However, members Martin Weale and Ian McCafferty voted for the third consecutive time to raise interest rates to 0.75% from a record-low 0.5%, though the pound held lower against the dollar anyway.

Elsewhere, sterling was up against the euro, with EUR/GBP down 0.14% at 0.7881, and down against the yen, with GBP/JPY down 0.07% at 172.30.

On Thursday, the U.S. is to publish its weekly report on initial jobless claims.

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Forex

Investing.com –

Investing.com – The New Zealand dollar fell sharply in Asia on Thursday after lower than expected consumer price data, while the dollar held ground.

NZD/USD traded at 0.7871, down 0.73%. USD/JPY was flat at 107.15, and AUD/USD changed hands at 0.8771, down 0.08%.

The NAB business confidence and conditions index for the third quarter is due at 0030 GMT, while the China HSBC flash manufacturing figure for October is due at 0145 GMT.

Earlier, New Zealand said third quarter CPI rose 0.3%, well below the 0.5% gain expected.

Overnight, the dollar traded largely higher against most major currencies after U.S. inflation data met consensus forecasts, while expectations for the European Central Bank to loosen policy supported the unit further.

The Labor Department reported earlier that the U.S. consumer price index rose 0.1% in September, meeting estimates and following a 0.2% decline in August, which sent investors flocking to the greenback.

Year-over-year, consumer prices rose 1.7% in September, beating expectations for a 1.6% reading.

Core consumer prices, which exclude food and energy costs, rose 0.1% in September, disappointing expectations for a 0.2% gain. Core consumer prices were flat in August, though the overall report confirmed market expectations for the Federal Reserve to make monetary policy less accommodating going forward.

The euro, meanwhile, continued to come under pressure after Reuters reported earlier this week that the European Central Bank may purchase corporate debt to boost slowing inflation rates in the euro area and kick start recovery.

The report said the bank could activate the new stimulus plan as soon as December and begin bond purchases by early next year.

The ECB began purchasing covered bonds on Monday in a bid to increase liquidity in the region, and talk of fresh stimulus programs softened the euro.

An ECB spokesperson said no decision had been taken but the report was seen as an indication that the bank is moving closer to purchasing government debt.

Reports by Spanish news agency Efe that at least 11 European banks are set to fail ECB stress tests this weekend also hit demand for the euro.

The ECB was to announce the results of stress tests on 130 banks on Sunday.

The US dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.04% at 85.82.

On Thursday, the U.S. is to publish its weekly report on initial jobless claims.

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Forex

Investing.com –

Investing.com – The Australian dollar fell on Thursday despite mildly upbeat data from a bank business survey and one on manufacturing in China.

AUD/USD traded at 0.8756, down 0.25%, while USD/JPY held at 107.26, up 0.10%.

Business confidence in Australia held at plus 3 in the third quarter, while conditions rose to plus 3 from plus 1 in the second quarter, according to a NAB survey. In China, the HSBC flash manufacturing index for October came in at 50.4, a nudge higher than 50.2 for the final in September.

“The HSBC China Manufacturing PMI improved to 50.4 in the flash reading for October – up from 50.2 in the final reading for September. Domestic as well as external demand showed some signs of slowing although both remained in expansion territory. Disinflationary pressures intensified as both the input and output price indices declined further,” said Qu Hongbin, HSBC’s chief China economist.

“While the manufacturing sector likely stabilized in October, the economy continues to show signs of insufficient effective demand. This warrants further policy easing and we expect more easing measures on both the monetary as well as fiscal fronts in the months ahead.”

Earlier, New Zealand said third quarter CPI rose 0.3%, well below the 0.5% gain expected.

NZD/USD traded at 0.7841, down 1.11%.

Overnight, the dollar traded largely higher against most major currencies after U.S. inflation data met consensus forecasts, while expectations for the European Central Bank to loosen policy supported the unit further.

The Labor Department reported earlier that the U.S. consumer price index rose 0.1% in September, meeting estimates and following a 0.2% decline in August, which sent investors flocking to the greenback.

Year-over-year, consumer prices rose 1.7% in September, beating expectations for a 1.6% reading.

Core consumer prices, which exclude food and energy costs, rose 0.1% in September, disappointing expectations for a 0.2% gain. Core consumer prices were flat in August, though the overall report confirmed market expectations for the Federal Reserve to make monetary policy less accommodating going forward.

The euro, meanwhile, continued to come under pressure after Reuters reported earlier this week that the European Central Bank may purchase corporate debt to boost slowing inflation rates in the euro area and kick start recovery.

The report said the bank could activate the new stimulus plan as soon as December and begin bond purchases by early next year.

The ECB began purchasing covered bonds on Monday in a bid to increase liquidity in the region, and talk of fresh stimulus programs softened the euro.

An ECB spokesperson said no decision had been taken but the report was seen as an indication that the bank is moving closer to purchasing government debt.

Reports by Spanish news agency Efe that at least 11 European banks are set to fail ECB stress tests this weekend also hit demand for the euro.

The ECB was to announce the results of stress tests on 130 banks on Sunday.

The US dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.08% at 85.92.

On Thursday, the U.S. is to publish its weekly report on initial jobless claims.

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MILIONDAY TIDBITS, 23 OCT

10-22-14 Millionday: YESTERDAY THEY SIGNED NEW TRADE AGREEMENTS WITH FRANCE AND TWO OTHER NATIONS — JAPAN — SO THIS REQUIRES INTERNATIONAL RECOGNITION.CBI HAS BEEN IN CONSTANT MEETINGS WITH THE COMMISSION FOR THE LAST THREE DAYS ABOUT THE CURRENCY AND STATED THAT SOMETHING WOULD BE HAPPENING IN A COUPLE DAYS WITH EXCHANGES OF THE NEW BILLS OF SECURITY SO DOES THAT MEAN ALL? WE DON’T KNOW WE

POOFNESS POST: MID-WEEK REPORT, 23 OCT

POOFness for OCT 22: Mid-Week ReportHI ALLI THANK THE ONES THAT HELP. YOU HAVE NO IDEA THE SERVICE YOU DO. MANY ARE HELPED BECAUSE OF YOUR HELP, AND THE WORK GOES ON.SEVERAL THINGS OF NOTE. (MANY CAN NOT BE SAID YET)INTENSE MEETINGS IN WASHINGTON AND BEIJING AND ZURICH HAVE RESULTED IN SOME SIGNIFICANT RESULTS.TODAY MARKS THE FIRST DAY THAT THE BOND REDEMPTIONS ARE COMING ALIVE. IT IS ALMOST

S3A CHAT UPDATE, 23 OCT

Stage3Alpha:R.V. / GCR October 22, 2014ALL i WILL SAY IS i BELIEVE THIS WILL BE TRICKLED DOWN TO PUBLIC BY MONDAYOmega Man > TRNS are live…i don care wut nobody sayzCarden > Omega Man And they’ve been “live” for a long while now.**********More Guesses to NEW Picture Intel/CluesVinman October 22, 2014Dong is busting out.Watch the next 72 hrs.Zim is a coin toss and is up in the air.***********

SEM INTEL FROM S3A, 23 OCT

SEM: I was advised this evening from our SEC attorney out of NY that the Bond money “is moving now”  This he has been advised by the Platform and three separate banks holding funds.  Additionally, advised that those in the system are part  of a registered platform and after the initial round, no other HB will be redeemed by the process.

I guess take it as confirmed and partially unconfirmed.

ARTHUR POST, 23 OCT

[Arthur] The so-called Balassa-Samuelson effect (BS) is an economic hypothesis that implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates which is common sense any 4 year old child should realize will naturally occur with Iraq’s ongoing economic and political reform progression as it would any other emerging economy…. but has less

Bits and Pieces Late Wednesday Night

Emailed to Recaps:

[Arthur] The so-called Balassa-Samuelson effect (BS) is an economic hypothesis that implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates which is common sense any 4 year old child should realize will naturally occur with Iraq’s ongoing economic and political reform progression as it would any other emerging economy…. but has less than zero to do with the revaluation process of the Iraqi Dinar.

 To believe it did implies a total misunderstanding of the history of the IQD.

In 1959 the IQD was pegged to the USD at the rate of 1 dinar= 2.8 dollars, and settled at US$3.22 where it remained until the Gulf War.

The current rate of 1166 is not the economic reality rate of Iraq, but is a post Sadaam era “program rate” used by the IMF after UN sanctions were imposed to monitor Iraq’s rebuilding efforts and therefore was not caused or engendered by the economic reality or potential of the Iraqi economic outlook.
….
So therefore just as there was no reverse Balaasa-Samuelson effect that caused a gradual decrease of the IQD exchange rate, but was engendered by a sudden action caused by the worsening political and economic reality of the Gulf War era, so we can expect a similar reverse action based on the current political and economic reality within Iraq.

We are now awaiting the final sovereignty to be granted internationally based on the efficiency of the newly formed, fully inclusive GOI to ratify, open and fully implement a nationwide budget which will abruptly usher the new revalued IQD on to the global scene.

**************************

Stage3Alpha:

R.V. / GCR October 22, 2014

ALL i WILL SAY IS i BELIEVE THIS WILL BE TRICKLED DOWN TO PUBLIC BY MONDAY

Omega Man > TRNS are live…i don care wut nobody sayz

Carden > Omega Man And they’ve been “live” for a long while now.

**********

More Guesses to NEW Picture Intel/Clues

Vinman October 22, 2014

Dong is busting out.

Watch the next 72 hrs.

Zim is a coin toss and is up in the air.

***********

Beverly October 22, 2014 at 8:20pm

Here is my take on EXO’s clues for today.

At 7:00 the Dragon’s are PHONING (Red Phone) the World Bank

Banksters want 3 different rates simultaneously. CAUGHT with their hand in the cookie jarBank of England!

The DEBT burden for countries around the world is too heavy.

The BLACK phone is ringing……and the sociopath’s are MAD!

Vietnamese Dong (100,000 shown) we are WATCHING for it to BUST OUT! It is NEXT!

The ZIMBABWE (100,000,000,000 shown) is still a coin toss and up in the air.

SNOWING and beautiful weather for gifts.

Dinar Updates:

Poppy3 :  the new RATE is very possible this week!

Several events that can trigger their actions to raise the rate for sure…NEW YEAR, ISX GOING ONLINE, ANNOUNCEMENTS, ISIS UNDER CONTROL.

GUYS, WE ARE IN A GREAT PLACE RIGHT NOW.

***********

TNT:


[natok] hijack in forum… I just received a call from a friend who deals with traders and he said his friend who does bonds said via a 3 page email what Tony & DC have been saying that in Iraq everything was done(everyone seated, in gazette, Govt ready to go to do business). This friend of mine doesn’t get on dinar calls, but he knows that i do.

[pappabear] i have a short bank story. just got back from wells fargo bank in florida and i opened a checking account.and then asked the lady where is the closest currency exchange with WF and she said we can do it she asked what currency do you have. i said i don’t know if i should ask. she said iraq dinar i said yes. she said we know about it also spoke about the 800# and then call her and more was said in about a 30 min conversation.