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Policy Daily Review October 20, 2017

Policy Daily Review for October 20, 2017 USD Price Action Setups Ahead of ECB (EUR/USD) The U.S. Dollar saw sellers come-back ahead of a key zone of resistance; but bearish continuation remains an unclear prospect just yet. In this webinar,   EUR/USD Support Bounce, USD Drops Ahead of Pivotal ECB Meeting We are one week away from a pivotal ECB meeting in which we’re expecting to hear how the bank will ‘recalibrate’ their current QE program.   ECB’s Nowotny Says Policy Can Be Normalized Before Inflation Returns To Target The…

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Policy Daily Review October 19, 2017

Policy Daily Review for October 19, 2017 EUR/USD Opening Monthly Range in Focus Ahead of ECB Meeting EUR/USD may threaten the monthly opening range ahead of the next ECB meeting on October 26 as the central bank shows a greater willingness to   ECB’s Hansson Says It’s Time To Think Of Making Policy Less Accomodative Eurozone’s strengthening economy suggest that it may be time to think of modest tightening of monetary policy, European Central Bank policymaker Ardo Hansson said in an interview published Wednesday.   Have a nice trading! Share…

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Policy Daily Review October 18, 2017

Policy Daily Review for October 18, 2017 Webinar: FX Week Ahead: Global Inflation Data, Central Bank Policy in Focus 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   Wilbur Ross told Forbes he hid $2 billion from the government and then took it back In the process of confirming his net worth, Ross felt compelled to explain a $2 billion discrepancy that made him look less wealthy.   Webinar: FX Week Ahead: Global…

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Taiwan Ministry Expresses ‘Deep Concern’ About Qualcomm’s Antitrust Fine

“That followed a $975 million fine from Chinese regulators in 2015” writes Min Read for reuters.com. In December, South Korean regulators fined Qualcomm $854 million for violating competition law.REUTERS/Mike Blake/File Photo TAIPEI (Reuters) – Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a $775 million fine on Qualcomm Inc (QCOM.O), in a rare public display of disagreement between authorities.Taiwan’s Fair Trade Commission (FTC) fined Qualcomm last week, saying the U.S. chipmaker had abused its monopolistic position by opting against licensing some modem-related technologies to other…

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T-Mobile, Sprint Plan Merger Without Selling Assets

“It is still possible that the negotiations between T-Mobile and Sprint will conclude without a deal, the sources have cautioned” writes Liana B for reuters.com. Investors have been waiting for the deal to be announced since Reuters first reported last month that T-Mobile and Sprint were close to agreeing tentative merger terms.However, regulators can only begin reviewing a corporate merger once it has been agreed to and announced.T-Mobile and Sprint have not yet agreed to include such a cap in their merger agreement, though it is possible they will do…

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T-Mobile and Sprint may be getting close to a merger. Here’s what you need to know.

“As recently as last week, staff members at the Justice Department were said to be skeptical of a Sprint/T-Mobile deal” reports washingtonpost.com. On the one hand, a merger with Sprint might give T-Mobile enough scale to take on the bigger dogs.In a deep dive on a hypothetical Sprint/T-Mobile merger earlier this summer, industry analyst Craig Moffett estimated that Sprint and T-Mobile would together close as many as 3,000 retail stores.This logic could help push the Trump administration to block a Sprint/T-Mobile merger.Not only would the administration be seen protecting American…

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Policy Daily Review October 16, 2017

Policy Daily Review for October 16, 2017 Quest: It’s the IMF vs. Donald Trump   ARGENTINA: Government Wants To Present Tax Reform To Congress This Year The Argentinean government intends to present a tax reform bill to Congress before the end of this year, according to Interministerial Secretary Mario Quintana. He added that the reform objective is to reduce the burden of taxes as a way to stimulate the economic growth.   ARGENTINA: Country Should Cut Inflation And Fiscal Deficit – IMF Argentina’s priority should be to fight inflation and…

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