Markets News Regulators 

What to expect from Fed Chairman Powell’s speech

“Powell has talked about the impact of Fed policy on emerging markets since before he become chairman” writes D C for marketwatch.com. Brown says Powell could address how the Fed views the economic risk of trade policy in 2019 and whether the Fed should go slower in raising interest rates.That’s coincided with other concerns besides interest-rate policy, of course, ranging from U.S. trade policy to a gridlocked Congress to overseas worries ranging from China to Italy.Emerging markets have been hit by a variety of factors, including the strength of the…

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Markets News Regulators Stocks 

Why is the U.S. stock market weak? Because the economy is too strong

“That followed 4.2% annual growth in the second quarter, the strongest quarterly GDP growth since the second and third quarters of 2014, when GDP growth averaged 5%” writes Howard Gold for marketwatch.com. It could be just one of many unintended consequences of a strong U.S. economy that may now be hurting, rather than helping, our stock market.But now, a surprising new factor is emerging: The U.S. economy’s strength may actually be dragging down our stock market.So, it’s no wonder that during their recent third-quarter conference calls, managements cited the strong…

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News Regulators Reviews 

Policy Daily Review November 14, 2018

Policy Daily Review for November 14, 2018 The Mess The U.K. Government Is Making Of Brexit Is Proving Costly The UK government has spent eighteen months battling with its own supporters instead of negotiating a realistic Brexit deal. With only four months to go, the U.K. Cabinet is still divided and no deal is in sight. The U.K. economy is already suffering the effects of this uncertainty.   Have a nice trading! Share This:

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Companies struggling to fill jobs ‘should try paying more,’ Fed’s Kashkari says

“Companies should try digging in their pockets if they’re looking to find workers for unfilled jobs, Minneapolis Fed President Neel Kashkari said Tuesday” writes Kate Rooney for cnbc.com. Immigration would be one answer to solving the issue, with low population and productivity growth, Kashkari said. Source: cnbc.com Share This:

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Policy Daily Review November 13, 2018

Policy Daily Review for November 13, 2018 Fed’s Daly: Economic conditions merit gradual normalization of monetary policy Below are some key takeaways from San Francisco Fed President Mary Daly remarks delivered to a regional economic development group in Dallas, Texas.   CFTC: EUR net short positions rose to 46,843 – Rabobank “A set of soft Eurozone data accompanied by the fiscal dispute between the populist Italian government and the European Commission encouraged market p   ECB to end its net asset purchases in December – ABN Analysts at ABN Amro…

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News Regulators 

Central bank independence – Is that even a thing?

“Such is the relationship between the government and the central bank” writes Andrew Harrer for cnbc.com. Governments tend to look at short-term targets, often fueled by their intentions to attract vote banks before election time, but central banks generally focus on longer-term targets for the economy and in doing so are given complete autonomy. Source: cnbc.com Share This:

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Policy Daily Review November 12, 2018

Policy Daily Review for November 12, 2018 CFTC: Speculators increased their net length in gold – TD Securities “Speculators increased their net length in gold ahead of the FOMC meeting and Midterm elections, as the still shaky equities and prospects of gridlock   United States CFTC USD NC net positions down to $198K from previous $263K United States CFTC USD NC net positions down to $198K from previous $263K   Australia CFTC AUD NC net positions increased to $-66.4K from previous $-70.4K Australia CFTC AUD NC net positions increased to…

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GBP News Regulators 

Dollar stands tall, inches closer to its 16-month high

“The dollar index gained 0.12 percent on Monday, changing hands at 97.02, sitting a little below its 16-month high of 97.2 hit on Oct. 31” writes Beawiharta Reuters for cnbc.com. “The dollar index was firm all last week, bouncing back after the mid-term election results.The dollar index has strengthened four weeks in row, gaining 0.37 percent last week.The single currency lost ground versus the dollar in the previous three trading sessions as investor confidence weakened due to the standoff over Italy’s budget.The dollar built on last week’s gains and rose…

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Markets News Regulators 

Review of Crashed: How a Decade of Financial Crises Changed the World

“Germany insisted that the struggling countries had to practice austerity in order to restore the confidence of private financial markets” writes Robert Kuttner for nybooks.com. The historian G.M. Trevelyan said that the democratic revolutions of 1848, all of which were quickly crushed, represented “a turning point at which modern history failed to turn.” The same can be said of the financial collapse of 2008.How did a nominally center-left administration, elected during a financial crisis caused by right-wing economic ideology and policy, end up in this situation?. After the crash, the…

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Markets News Regulators 

Dollar on track for 4th weekly gain in a row after Fed policy update, Navarro comments

“Comments from White House trade advisor, Peter Navarro, in which he called out Wall Street for pushing President Donald Trump toward a trade deal with China, pushed the dollar higher still” writes Markets Reporter for marketwatch.com. Elsewhere in Europe, the conflict between the European Commission and Italy about the latter’s budget proposal remains in focus.Brussels wants Rome to resubmit its budget proposal, which was deemed in conflict with EU budget rules. Source: marketwatch.com Share This:

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