Markets  |  December 12, 2012 09:38:44

Politicians on the left end of the meeting pretty heavy topics - Fed, cliff, bank Union

Last year's Fed meeting
The whole world is waiting for the declaration of the U.S. central bank (Fed) new step in U.S. monetary policy. At the end of Operation Twist ends and the question is whether there will be another stimulus to the economy. Experts expect the Fed indicate the start of new purchases of government bonds worth $ 45 billion a month and will want to support the growth of the U.S. economy.
Fed would be committed to the great stimulus to the economy, because currently already buys mortgage bonds worth $ 40 billion a month.But even politicians have no problem with this and expect that especially strengthening labor market, which has improved in November by 0.2 percent, but analysts said this figure is distorted when many people retire.
News from the Fed should come up at 18:30 and at 20:15 will Fed chief Ben Bernanke.

Fiscal reef
Yesterday evening together leaders acted Democrats and Republicans. Obama retreated to their requirements and humbled the amount that the United States should withdraw in taxes over the next 10 years, from 1.6 trillion to 1.4 trillion dollars. Responded to this offer Boehner Republican boss, stating that if Obama can provide more details about the humiliation of the expenditure side, so can agree on. The battle for the new budget will thus probably close to a consensus.
"We are still waiting for the White House, to specifically comment on the expenses, which wants to cut," Boehner said today.
Obama and Boehner agreed to reduce the deficit by $ 4 trillion over the next 10 years, but diverge in how to achieve this. Both are aware that any failure in negotiations could bring the U.S. back into recession.

Union Bank
Negotiations for Union Bank, which will be held tomorrow and Friday at the European Summit may not have quite so smoothly. Union counts with reservations in Germany, but problems with the strengthening of the ECB started to have Britain. United Kingdom will want to obtain guarantees for their banks and thus reduce the potential empowerment of the ECB. British Prime Minister David Cameron has come under great pressure from the opposition and the majority of the nation.It is criticized for yielding policy of the European Union, and from Britain can expect a strong performance with considerable requirements.
The finance ministers of all 27 states today meet to předjednali this issue at its meeting and blazed the way for heads of state before the summit.

Eurodollars yesterday strengthened mainly due to positive news from Germany (ZEW) and returned to the 1.3000 level at which moment oscillates. Today it is expected that the market could prove short, he wants to go. Eurodollars completes the 4 hours chart bearish head-shoulders formation. However, it may happen that after a quiet Asian session set off back to 1.3125.

Author: Michal Kraus
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