program of quantitative easing QE - is an unconventional monetary policy used by central banks to stimulate the national economy, in the case where conventional monetary policy is ineffective.Central Bank buys financial assets, "infusing" a certain amount of money into the economy.This differs from the more conventional monetary policy: interest rates on hold certain target values.
The whole world is waiting for a 3-round of quantitative easing (QE3).
Analitchesky department " RoyalMaxBrokers " notes the following important points:
1. Fed sends mixed signals about the prospects for monetary policy in the coming months;
2. Most members of the Federal Open Market Committee (FOMC) Federal Reserve seems to oppose a new round of quantitative easing ( QE3 ).
3. At the end of the spring is about to end "Operation Twist" (sale of short-term bonds and buy long-term in order to reduce long-term interest rates), the volume of $ 400 billion.
4. The outcome of the meeting, whatever they may be, will have to predict the impact ona wide range of assets, including the major currency pairs involving the US dollar (GBP / USD, EUR / USD, USD / JPY, AUD / USD, NZD / USD), shares and stock indices (NASDAQ Composite, S & amp; P500, Dow Jones, andetc.), gold, oil.
5. Because of its significance the meeting of the American Central Bank in the chain will lead to decisions by other central banks of the world, including the Bank of Japan and China's central bank, which in turn will open up additional opportunities for transactions with a high potential for profitabilityrisk.
In the late summer of last year, when many financial market participants expected the Fed's announcement of a new round of asset purchases, the regulator announced only the launch of "Operation Twist", which is to sell short-term bonds and redemption of long-term for the same amount, the amount of which is$ 400 billion. In this case, the volume of money in circulation does not change, the only change is a temporary structure of interest rates.According to « RoyalMaxBrokers », the reluctance of the US Central Bank "print" new money was understandable: the risks of "deflationary spiral" have been offset and, conversely, any risks to growth in inflation.In addition, the macroeconomic picture in the US also began to change for the better - since the beginning of the fall of economic statistics from the United States constantly beat analysts' forecasts.
current situation and a retrospective analysis of the impact of the Fed's program of quantitative easing on the markets of risky assets.
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