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Policy Daily Review December 12, 2017

Policy Daily Review for December 12, 2017 Webinar: FX Week Ahead: UK & US CPI; Fed, BOE, ECB in Coming Days In the FX Week Ahead webinar, we review the top rated events on the DailyFX Economic Calendar and look at how they might impact FX   Forex Markets Ready for a Week of Central Banks: Fed, ECB, BoE Await As we near the end of what’s been a rather active 2017 across global markets, a number of longer-term themes remain at question. This week’s   Webinar: A Packed Week…

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US futures post modest gains ahead of Fed meeting kickoff

“U.S. stock index futures pointed to a slightly higher open on Tuesday, as the Federal Open Market Committee (FOMC) starts a two-day policy meeting” writes unknown author for cnbc.com. The Fed could also deliver its own thoughts on the state of the tax bill during the meeting.Meantime, the FOMC will begin the first day of its two-day monetary policy meeting. Source: cnbc.com Share This:

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Asian shares fall back as investors cautious over Fed, China

“The S&P 500 index rose 0.3 percent to 2,659.99” reports foxbusiness.com. Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains.KEEPING SCORE: Japan’s Nikkei 225 index lost 0.3 percent to 22,866.17 while South Korea’s Kospi dropped 0.5 percent to 2,458.56.ENERGY: Benchmark U.S. crude gained 43 cents to $58.42 per barrel in electronic trading on the New York Mercantile Exchange.”The Fed sees enough strength in the overall economy, despite the lack of inflation, to still go ahead and continue to hike…

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Markets News Regulators 

Here’s why the Fed will hike interest rates

“New York Fed President William Dudley has repeatedly warned the Fed would raise rates at a faster clip if financial conditions did not tighten as desired” writes Senior Economics Reporter for marketwatch.com. The stock market continues to routinely set records, and the 10-year Treasury yield is virtually unchanged after the Fed has increased interest rates four times.Many analysts say the so-called yield curve may flatten and could cause the Fed to abort its rate-hike cycle.Eastern on Wednesday, the Fed will release a policy statement, revised economic forecasts, and “dot plot”…

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Fed set to raise rates as Yellen gives final news conference

“Most analysts have said they think the still-strengthening U.S. economy will lead the Fed to raise rates three more times next year” writes The Associated Press for seattletimes.com. WASHINGTON (AP) — Investors seem certain about this: The Federal Reserve is going to raise interest rates this week for the third time this year. Source: seattletimes.com Share This:

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Port Authority explosion was ‘attempted terrorist attack’

“This was an attempted terrorist attack,” New York City Mayor Bill de Blasio said at a news conference outside the bus terminal Monday morning” writes Nj Advance Media for nj.com. A pipe bomb attack in a passenger subway corridor beneath the Port Authority Bus Terminal that injured the suspect and three others Monday morning is terror-related, New York City officials said. Source: nj.com Share This:

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Policy Daily Review December 11, 2017

Policy Daily Review for December 11, 2017 Weekly Trading Forecast: Fed, ECB, BOE Meetings Promise Fireworks Financial markets look set for fireworks as the Federal Reserve, the European Central Bank and the Bank of England deliver monetary policy announcements in the   How Will Fed, ECB, BoE Rate Decisions and an EU Summit Shake Up Markets? The threat of a wide scale reversal in equities seems to have quiet with Nasdaq holding the line on one of the more distinctive reversal   Next Week is Big for FX: Dollar, Euro,…

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Crypto Futures News Regulators 

Dow, S&P 500 set for fresh records as traders gear up for Fed hike

“Meanwhile, investors were fixated on the debut of bitcoin futures on Sunday, as prices soared within hours, triggering volatility-linked trading halts” writes Markets Reporter for marketwatch.com. Nasdaq-100 index futures NQZ7, +0.15%  climbed 9.5 points, or 0.2%, to 6,368.January bitcoin futures XBTF8, +0.00%  last changed hands at $17,600, up from a debut price of $15,000.Dow Jones Industrial Average futures YMZ7, +0.13%  gained 52 points, or 0.2%, to 24,388, while S&P 500 index ESZ7, +0.02%  futures added 2.9 points, or 0.2%, to 2,656.75. Source: marketwatch.com Share This:

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