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Contents contributed and discussions participated by Nayana Devadas

Nayana Devadas

CURRENCIES & BONDS / Dollar below 81.50 yen in Tokyo, cutting early gains ahead of BOJ ... - 0 views

  • At 5 p.m., the dollar was quoted at 81.27-30 yen, still up from 81.11-12 yen at the same time Friday.
  • The dollar pared its early gains to trade mostly below 81.50 yen in Tokyo trading Monday, as the recent yen-selling spree took a pause before the Bank of Japan's upcoming monetary policy decision.
  • where it was supported by hopes for an early deal to avoid the "fiscal cliff," or a combination of looming tax increases and spending cuts.
  • ...3 more annotations...
  • consider a plan under which the central bank buys construction bonds directly from the government
  • expectations for drastic monetary easing by the central bank. Abe's repeated calls for "unlimited" monetary easing, aimed at beating the deflation, sparked such expectations.
  • In futures trading on the Tokyo Stock Exchange, the lead December contract on 10-year JGBs edged down 0.08 point from Friday to end at 144.62. Volume decreased to 25,289 contracts from 33,371.
Nayana Devadas

Mighty yuan still not without risk for China - The National - 0 views

  • spot exchange rate agains
  • upper limit of its floating range
  • trading band for the yuan's dollar exchange rate was widened
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  • rapid currency appreciation is a potentially dangerous development for China - in part owing to the risk of an abrupt and painful reversal.
  • greater global liquidity
  • Given China's adherence to a stable monetary policy, the yuan has become a more attractive asset to hold.
Nayana Devadas

BBC News - Bank of England sees worse inflation outlook - 0 views

  • Under QE, the Bank buys government bonds,
  • hold at 0.5% and to not increase the QE programme above £375bn.
  • more likely than not to be needed in due course".
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  • increase in utility
  • fell to 2.5% in August, down from 2.6% in July.
  • Inflation is now much closer to the Bank of England's 2% target, having dropped from a peak of 5.2% in September last year.
  • felt extra stimulus would be needed in the future.
  • inflation is unlikely to slow
  • he near-term outlook was for a less rapid fall in inflation
Nayana Devadas

Oil Gains a Third Day on Demand Outlook as Supplies Drop - Bloomberg - 2 views

    • Nayana Devadas
       
      demand- micro
  • Crude inventories
    • Nayana Devadas
       
      inventory- supply- storage 
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  • crude
  • Futures
  • 75 cents to $85.04
  • Brent oil for July settlement gained 26 cents, or 0.3 percent, to $99.10 a barrel on the London-based ICE Futures Europe exchange.
  • New York crude is set to rebound based on a technical indicator that shows a decline of more than 20 percent fro
  • bear market conditions
  • Futures
  • Futures
  • “The inventory decline doesn’t change the overall outlook much, but at least it’s headed in the right direction,”
  • The relative strength index, or RSI, has been below 30 since May 11, signaling that oil is poised to climb, said Richard Ross, a technical analyst at brokerage Auerbach Grayson & Co. in New York. The 14-day RSI, which identifies possible turning points in markets, dropped to 16.3 on June 1, the lowest level since February 1986.
Nayana Devadas

Business - Bank of England holds key interest rate at 0.50% - 1 views

    • Nayana Devadas
       
      Monetary policy
    • Nayana Devadas
       
      Interest rates- macro economics- monetary policy
  • main interest rate
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  • The economy shrank 0.3
    • Nayana Devadas
       
      Macro
Nayana Devadas

BBC NEWS - Australia's economy grows by more than expected - 1 views

    • Nayana Devadas
       
      Related to AD and macroeconomics
  • he latest gross domestic product (GDP)
    • Nayana Devadas
       
      Related to GDP and Macro
  • ...7 more annotations...
  • Household spending
    • Nayana Devadas
       
      AD and macro
  • strong consumption numbers and an unusually large contribution from professional and scientific services
    • Nayana Devadas
       
      AD and Macro
  • the sovereign debt crisis
    • Nayana Devadas
       
      Debt Crisis- Deficit- Macro
  • falling demand for Australia's resources may hurt its economy
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