Interest Rate Expectations Nosedive

• faithmight
• March 16th, 2011

Day 3 of the trading week and we have yet another injection of cash by the Bank of Japan (BoJ) as the central bank continues to prop up the system of confidence and money. Lots of economic data in today’s trading session heading into tomorrow’s Swiss National Bank (SNB) interest rate decision. The SNB gets the privilege of being the first central bank outside of Japan to respond (or not) to the nuclear scare in Japan. While the SNB is not expected to move on monetary policy, quite a bit has changed since they met last. The geopolitical and natural calamities have certainly changed the game for many central banks.

• CHART OF THE DAY from Jack Kicklighter at DailyFX.
• Noyer-ECB to Mull Japan Impact Before Rate Decision (New York Times) via @butchbelano
• Brent rebounds on Middle East crisis, Japan eyed (Reuters) via @reuters
• China Leading Economic Index Rebounds, Easing Concern of Sudden Slowdown (Bloomberg) via @bloombergnow
• The BOJ injects $43bn to shore up the financial markets (BBC News) via @bbcworld
• Two hundred protesters demand reforms in Syrian “Day of Rage” (Monsters & Critics) via @sfconnected
• Portugal Downgraded, More Cuts Likely (Credit Writedowns) via @creditwritedowns
• Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab (zero hedge) via @zerohedge
• AUD Starting To Struggle (Forex Live) via @forexlive
• British Pound Continues Gradual Ascent (Forex Blog)
• No Rugby World Cup in Christchurch (3News) via @breakingnews

Also Read:

• Markets Try To Look Ahead To FOMC
• Japan Still Talk Of The Market
• Positioning is Everything

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