The Traderszone Network

Reuters and other wires reporting from unnamed sources
– People Bank of China keen to check to prevent cross-border flows/arbitrage
– PBOC has raised trading for some banks to settle their clients’ fx deals in domestic forex market
PBOC having to tighten up what they’ve unleashed this year in a bid to achieve yuan credibility

Lest we forget that the Greek election takes place this Sunday 20 Sept
Reuters are just reporting that a Metrisi poll for Eleftheros Typos newspaper has the Conservative New Democracy party with a 1.4% lead over Syriza

Previously they had plumped for Oct but now feel OCR (official cash rate) will remain on hold a little longer
MNI reporting for all you Westpac watchers
Economists at Westpac have revised their view on the RBNZ OCR, nowexpecting a pause at the October OCR review before resuming cuts in December,January and March. They emphasize their view for a terminal OCR of 2% has not changed because they’re sceptical the lower kiwi will generate the sustained degree of inflation pressure that the RBNZ is forecasting.

Squawk Box Live has full analysis of the rate decision by the Fed and will keep you up to date with global asset markets.

Here’s what the DTCC have registered with them so far
– USDJPY
– EURUSD
– GBPUSD none at present
– USDCAD
– AUDUSD
– NZDUSD
– AUDNZD
– EURGBP
A few lumpy ones today and if anyone needs convincing of the impact of these if near prevailing prices I will cast your attention to yesterday’s failure to  breach 121.00 where $2.8bln were rolling off

Greetings one and all
So the elephant has finally left the room but we can rest assured it will be lurking down the hallway still
The Fed have erred on the side of caution once again as we have been saying here for a while now but. Was China an excuse by them for inaction or a really valid reason ? The latter I believe and there is genuine concern of a rate hike fall-out. Low inflation also continues to be a problem.

Today, Thursday September 17, 2015, the most anticipated decision in all of financial history was made.

Or not made, as it turned out.

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