The Traderszone Network

Published in TZ Latest News 7 January, 2015 by The TZ Newswire Staff

Fed’s Evans "Catastrophe" Comment Sparks US, Japan Stock Surge; China Purge

Chicago Fed’s Charlie Evans appears to have decided to flex his voting member status, Bullard-ness this evening. Speaking during a forum in Chicago, after The FOMC Minutes showed data-dependence was the thing… Evans exclaimed “raising rates would be a catastrophe,” and that “housing hasn’t shown the strength he’d like to see,” prompting S&P futures – with the help of USDJPY – to suddenly surge 16 points (and drag WTI Crude futures above $49.50 for fun). Nikkei futures enjoyed the ride ramping 200 points as USDJPY hit 119.70.

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