News 

The Latest: 70,000 California customers without power

“The utility provides power to California customers north of Los Angles to the Oregon border” reports thebusinessjournal.com. Pacific Gas & Electric says about 68,000 of its Northern California customers remained in the dark Thursday after a total of 220,000 customers lost electricity since Wednesday.Southern California Edison, which serves most of Southern California, reported about 2,000 customers without power after three days of heavy rains and winds pounded most of the state.California’s two largest utilities report that a combined 70,000 customers remain without power throughout the state.Two other storm-related deaths were…

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Sterling overnight implied volatility hits 18-month high ahead of Brexit deal vote later today

“Option traders are expecting a big swing in the pound later today and it’s showing in terms of the volatility pricing already” reports forexlive.com. The overnight implied volatility in cable has jumped up to ~26% now and it is suggesting around a 1% move in the pound on either side today, according to analysts at Commonwealth Bank. Cable holds steady near unchanged levels on the day now at 1.2865 but this is very much the calm before the storm. Source: forexlive.com

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California storm brings power outages, shuts down highway

“The National Weather Service on Monday issued a winter storm warning for areas in the Sierra Nevada above 4,000 feet (1,200 meters), saying snowy and gusty conditions will limit visibility” reports thebusinessjournal.com. The National Weather Service reported winds included gusts of more than 60 mph (95 kph) at the storm’s peak Saturday night and early Sunday morning.In the northwest, about 49,000 Puget Sound Energy customers in Oregon and Washington remained without power Monday morning.(AP) — Utility crews worked Monday to restore power to thousands of people after a winter storm…

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The same storm responsible for heavy snow at the start of 2019 will spread a swath of snow and ice from parts of Texas to Oklahoma into Thursday night.

“The storm set to bring snow and ice to the region will bring all or mostly rain farther to the east to end this week” writes Aol Staff for aol.com. The same storm responsible for heavy snow over the interior Southwest at the start of 2019 will spread a swath of snow, ice and dangerous travel from parts of Texas to portions of Oklahoma and Arkansas from Wednesday to Thursday night. Source: aol.com

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JPY News 

AUD/JPY: Calm before the next storm?

“As for AUD/JPY and most yen pairs for that matter, things are starting to calm down but it sure feels like it’s more of the calm before yet another storm comes about to rock the boat” reports forexlive.com. The low today managed to breach the 2010 lows but so far price has recovered to move above those support levels.ForexLive The low today managed to breach the 2010 lows but so far price has recovered to move above those support levels. Source: forexlive.com

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Devastating storm Usman leaves 68 dead

“At least 17 people are still missing and more than 40,000 were displaced nationwide due to the storm, the civil defence office said” writes Agence France-presse for theguardian.com. The death toll from a storm that struck the Philippines shortly after Christmas rose to 68 with the number of fatalities expected to climb even higher, civil defence officials said Monday.An average of 20 typhoons and storms lash the Philippines each year, killing hundreds of people and leaving millions in near-perpetual poverty. Source: theguardian.com

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Militants storm government building in Afghan capital, take hostages

“Rahimi said two militants had been killed but gunmen in a nearby government building were exchanging fire with security forces” writes Midwest Communications Inc for 95kqds.com. “More than 200 people have been evacuated by the security forces, but many are still being held as hostages by the militants,” he said.KABUL (Reuters) – Militants stormed a government building in Afghanistan’s capital Kabul on Monday, taking civilians hostage as they fought a gun battle against Afghan soldiers, officials said. With security deteriorating, Afghan President Ashraf Ghani on Sunday replaced his defense and…

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A blast of cold air will move into the region to start the week, accompanied by gusty winds, rain and pockets of snow and ice, making for slippery travel.

“The fresh chill will rush in behind this weekend’s storm with rain and pockets of snow and ice” writes Renee Duff for aol.com. “As the mid-Atlantic dries out, the storm will spread snow or a wintry mix from northeastern Pennsylvania to Maine on Sunday night,” AccuWeather Senior Meteorologist Kristina Pydynowski said. Source: aol.com

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Markets News 

Storm ahead? Here’s how to prepare for a financial crisis

“This week the IMF warned that not only are the storm clouds of the next global financial crisis gathering, but also that the world financial system is unprepared for another downturn” writes Patrick Collinson for theguardian.com. Every 10 years or so a financial crisis hits global markets – and it’s 10 years since the last one.If you are middle-aged, your pension fund is probably about 60% in shares and 35%-40% in bonds.Many investment managers grimly warn about overvaluations in financial markets. “The US equity market has never been more expensive…

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Shame Storm

“The irony, of course, is that there is no belief my brush with online shaming confirmed more” reports firstthings.com. And before that, in the Precambrian era of online shaming, there was me.If we had a breakthrough in our conversation, that was it: There is no content to a shame storm. Source: firstthings.com

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