AUD News 

Australian data is a risk for the AUD

“This data release often passes by with not much of a ripple, but interest in AUD related data is heightened since the RBA switched to a neutral bias (from hawkish) and data has deteriorated” reports forexlive.com. If the monthly consumer confidence follows the direction of the weekly consumer sentiment data (the ANZ/Roy Morgan survey) the risk to the AUD is further downside. Source: forexlive.com

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News 

Sarah Sanders won’t say if Trump has ‘full confidence’ in Secretary of Labor Acosta

“White House press secretary Sarah Sanders declined to say Monday if President Trump has confidence in Labor Secretary Alex Acosta, who gave a plea deal to politically connected sex offender Jeffrey Epstein” reports washingtonexaminer.com. Sanders was pressed specifically on whether Trump has “full confidence” in Epstein, but declined to say.Last month, a federal judge found that prosecutors broke the law by reaching the deal with Epstein without first notifying his victims. Source: washingtonexaminer.com

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Markets News Stocks 

‘Another break point may be coming’: On the 10th anniversary of the last stock market bottom, a $160 billion investment chief explains why traders should be getting very worried

“But McMillan notes the statistic dipped along with the stock market in late 2018” writes Marley Jay for businessinsider.com. The Conference Board, Robert Shiller/Haver Analytics When confidence falls, McMillan says, the economy slows and the stock market often falls with it.”If confidence were to take a hit, you could reasonably expect stock market valuations to drop as well.”. Lower consumer confidence can mean the stock market is about to sink. Source: businessinsider.com

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News 

Japan February consumer confidence index 41.5 vs 41.6 expected

“This basically highlights the sort of mood surrounding the Japanese economy at the current point in time” reports forexlive.com. Some concerns will surely be raised regarding the sales tax hike that is to come later in the year. The index here measures the households’ confidence on the economy, a minor indicator of financial confidence in some ways. Source: forexlive.com

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News 

5 things Facebook needs to change now to restore confidence, according to security experts

“In May 2018 it suspended third-party apps for accessing user data and added some settings making it clear what data is collected” writes Kari Paul for marketwatch.com. He called for more transparency and better control of how our personal data is used.Subsequent reports on Facebook revealed how extensively the company tracks user preferences and identities like ethnicity, religion, and political affiliations.Facebook admitted to a massive privacy breach in April 2018, after it was revealed it shared the user data of millions of people with data-firm Cambridge Analytica.But others have noted…

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News 

Confidence in the Trump administration’s Venezuela policy should not be high

“The past month has not gone according to plan for the Trump administration in Venezuela, but it has not been a disaster either” writes Daniel W for washingtonpost.com. That said, after four weeks the military remains solidly behind Maduro, which was clearly not what the Trump administration expected.Last month, the hard-working staff here at Spoiler Alerts was wary of the Trump administration stumbling into a conflict involving U.S. Embassy personnel in Venezuela. Source: washingtonpost.com

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News 

Poll: More Americans have confidence in Mueller than Trump

“Eight individuals have pleaded guilty or been convicted in charges related to Mueller’s investigation” writes Matthew Choi for politico.com. Mueller is currently leading an investigation into whether Trump’s campaign colluded with Russian agents interfering in the 2016 presidential election.Respondents were nearly unified, however, on wanting to see the results of the Mueller investigation, with 81 percent responding they believed Mueller’s report should be made public in its entirety. Source: politico.com

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Markets News Regulators 

Public confidence in inflation policy key to containing prices: paper

“Giving people a reason to doubt the central bank’s commitment to maintaining inflation near target is clearly costly.”” reports businessinsider.com. (Reuters) – Keeping the public confident inflation will be contained is key to keeping price rises contained, San Francisco Federal Reserve economists said in a paper on Monday that also suggested the unemployment level is all but irrelevant to the inflation trajectory.The research from the San Francisco Fed, which is viewed as a leader in labor market research, could play importantly into the central bank’s thinking on interest rates.But when…

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News 

Scared of a recession? Watch these 5 signals to stay ahead of the game

“The connected global economy isn’t cheering anyone up either: China’s economy is losing strength, partly because of its trade fight with the US, while Europe is weakening as well” writes Marley Jay for businessinsider.com. And while conditions have calmed down somewhat, investors remain fearful of any signs a recession is drawing near.Just a few months ago confidence hit an 18-year peak, bolstered by high employment and low inflation.It was the latest sign that the market’s late-2018 dive has consumers worried, which might lead them to spend less.When the Bureau of…

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