Cyrrus (Cyrrus)
Markets  |  September 19, 2012 16:57:09

BoJ Fed follows


Before long, we have lived to see another one of the major actions of central banks. This time, the Bank of Japan, which, like the Fed releases its monetary policy. It is an extension of the asset purchase an additional 126 billion USD in total about 700 billion USD. The event is planned by the end of 2013 and the purchase of major assets become government bonds. The reasons for this step are clear: falling exports, and the overall uncertain economic outlook. Immediately after the announcement stimulus responded sharp depreciation of the yen across all currency pairs. Recorded the steepest decline against the U.S. dollar, when it got to the monthly minimum.Last action central banks can remind currency wars, when countries try to weaken its currency at the expense of others. The result is, of course, degradation of paper currency, which is loaded with precious metals and commodities in general.

Stock market indices in Asia responded to the report of decent increases when the Japanese Nikkei index added 1.3% to 9,232 points. Optimism spilled over to Europe, where the indices opened in green numbers. The German DAX again tested the 7400 boundary points, but did not have the strength to break through and continue upward. Trading also remained fairly flat in the range of about 7.400 to 7.330 points. U.S. indexes also from the beginning of the week developing quite embarrassed and not see at a glance where they will take on.Since we have all of the important central bank meetings in a row and markets were met, it is quite possible that we will see a mild correction and short-term profit taking.

Today was published macro data from the U.S. real estate market, which fell more than expected, but no significant impact on trading. Prague Stock Exchange PX index closed at a value 967.6 points (+0.06%), DAX traded on the values ??of 7.376 points (+0.38%), S & P 1,461 points (+0.11%).



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