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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (48737)	11/15/2012 3:47:56 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69967

02:07PM Dollar falls, Treasurys flat after Fed minutes ( DXY EURUSD 10_YEAR ) by Deborah Levine SAN FRANCISCO (MarketWatch) -- The U.S. dollar extended losses and Treasury prices were little changed on Wednesday after minutes from the Federal Reserve's policy meeting last month showed a "number" of officials think the Fed will likely need to buy more assets once its "Operation Twist" bond-buying program ends in December. Yields on 10-year notes (10_year) , which move inversely to prices, fell 1 basis point to 1.59%. The dollar index (dxy) , which measures the U.S. unit against a basket of six major currencies, fell to 80.975, from 81.027 before the release and 81.097 in late North American action on Tuesday. The euro (eurusd) rose to $1.2763 from $1.2706 Tuesday 02:00PM Fed closer to clearer guidance on first rate hike by Greg Robb WASHINGTON (MarketWatch) - Federal Reserve officials are closer than previously thought to revamping the central bank's guidance on what economic conditions would have to be in place before interest rates rise for the first time since the financial crisis, according to minutes released Wednesday. The minutes of the Oct. 23 and Oct. 24 meeting showed that the 19 Fed officials "generally favored" the use of economic variables in their guidance. At the moment, the Fed is relying on a calendar date, saying it expects to keep rates near zero until mid-2015. The new approach would be some variant of a plan offered by Chicago Fed President Charles Evans, who wants the central bank to tell the market it will keep rates low until the unemployment rate falls below 7%, as long as inflation remains below 3%. The minutes show that a number of practical issues need to be solved before officials would decide to use these "economic thresholds." A "number" of officials, according to the minutes, think the Fed will likely need to buy more assets once its "Operation Twist" stimulus program wraps up in December. Fed officials also could not agree on a consensus economic forecast.