No need for new stimulus - Japan’s Amari

FXStreet (Mumbai) - Japan’s economy minister Amari is the latest one to join the ‘no need for stimulus’ bandwagon as he said it is too soon to be speaking about new stimulus.

BOJ's Kuroda also echoed similar comments last week. There has been increasing speculation that BOE may ease at its October meeting. Earlier today, the nation lowered its economic forecast for the first time since 2014.

Key Quotes

No decision now on any need for economic stimulus

Government should not look only at July-Sept GDP data when making decision on stimulus spending

Oct 14, 2015

UK Jobs preview: What to expect in GBP/USD?

The GBP/USD pair stalled its recovery mode just shy of 1.53 barrier and is now seen gathering pace to pierce through the last at one go. The cable recovered nearly 1 big figure from the UK CPI-led slump and now awaits the UK labour market report for further direction. While broad based US dollar weakness on widespread risk-aversion also keeps the major underpinned.

AUD slide has more legs as market re-prices RBA easing – BNP Paribas

Research Team at BNP Paribas, suggest that the Australian market is expecting that there are increasing chance of Reserve Bank of Australia (RBA) easing after the Australia’s second largest lender raised its home-loan rates by 20bp, which reflects the first increase in mortgage rates for owner occupiers in five years.