Essays about: "market reactions to macroeconomic news"

Found 3 essays containing the words market reactions to macroeconomic news.

1. 1. High-Frequency Foreign Exchange Rate Behavior on the Arrival of Macroeconomic News - The Impact of Swedish and U.S. News on USD/SEK Returns

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Erik Hjort; [2018]
   Keywords : Macroeconomic News; Foreign Exchange Rate; High-Frequency Data; Expectations; Business and Economics;

   Abstract : This paper studies the high-frequency behavior of the USD/SEK currency pair on the arrival of macroeconomic news emanating from Sweden and the United States. By using exchange rate data sampled at one minute-by-minute quotations and market expectations from the Bloomberg Terminal, the study finds systematic effects of news on exchange rate returns. READ MORE

3. 2. Publishing interest rate forecasts - how does the market react?: An analysis of market reactions since Norges Bank introduced forecasts for the key policy rate

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Kristin Solberg-Johansen; [2007]
   Keywords : central bank transparency; interest rate forecasts; market reactions to macroeconomic news; Norway;

   Abstract : The aim of this study is to evaluate some aspects of how Norges Bank’s forecasts for the key policy interest rate have affected market behaviour, and more precisely the volatility of short money market interest rates. The main theoretical arguments in favour of central bank forecasts for the key policy rate are related to improved management of expectations, and the results from this study indicate that private sector expectations have become better aligned with central bank reactions after the forecasts were introduced. READ MORE

4. 3. Stock Market Reactions to Macroeconomic Announcements: The Dynamics of the Price Adjustment Process

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Martin Nilsson Erleman; Mathias Wallestam; [2007]
   Keywords : price adjustment; market effeciency; algorithmic trading; DAX Index Future; volatility patterns;

   Abstract : The link between information and changes in asset prices is central to financial economics. A fundamental tenet of market efficiency is that investors react to new information as it arrives, resulting in price changes that reflect investors’ expectations of risk and return. READ MORE