Fed set for a broad review on how it conducts policy in 2019
The Federal Reserve in 2019 will launch a broad look at how it conducts policy and conveys what is doing to the public. Central bank officials announced Thursday that they will look at “strategies, tools, and communication practices” the Fed uses to formulate monetary policy. Such a review has been a topic of discussion at recent Federal Open Market Committee meetings. “With labor market conditions close to maximum employment and inflation near our 2 percent objective, now is a good time to take stock of how we formulate, conduct, and communicate monetary policy,” Fed Chairman Jerome Powell said in a statement. Read more @ https://www.cnbc.com/2018/11/15/fed-set-for-a-broad-review-on-how-it-conducts-policy-in-2019.html
Sterling scarred by Brexit turmoil; Asia shares hold trade hopes
Asian share markets looked set to fare better as hopes for a thaw in Sino-U.S. trade relations gave Wall Street a fillip, though there were dueling reports on the prospects for an actual agreement. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was ahead 0.15 percent in very early trade, while Nikkei futures NKc1 pointed to a firmer opening. Still, sterling stole the limelight after a rash of resignations rocked Prime Minister Theresa May’s government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled. GBP – Read More @ https://www.reuters.com/article/us-global-markets/sterling-scarred-by-brexit-turmoil-asia-shares-hold-trade-hopes-idUSKCN1NK03P?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
Asia Stocks to Track U.S. Gain; Brexit Slams Pound: Markets Wrap
Asian equities looked set to round out the week with small gains, following a rally in U.S. stocks amid optimism that China and the U.S. would de-escalate their trade spat before the G-20 summit later this month. Futures pointed to a higher open for stock markets in Japan, China and Hong Kong, while Australian shares opened in the green. Trade-sensitive industrial shares led the S&P 500 Index higher and technology shares rebounded, though Nasdaq 100 Index futures fell in Asian trading Friday after Nvidia Corp. gave a disappointing sales forecast. The pound held on to its plunge as Brexit again threw the U.K. government into turmoil. The dollar fell against every G-10 peer save the pound, while Treasuries rose. Oil continued to steady. Read more @ https://www.bloomberg.com//news/articles/2018-11-15/asia-stocks-to-track-u-s-gain-brexit-slams-pound-markets-wrap?srnd=markets-vp
WHAT IS THE USD SAYING?
Don’t be fooled by the USD pullback – the head and shoulder bullish pattern is still in-tact. US economy never been in the best state ever the last 10 years. President Donald Trump “MAKE AMERICA GREAT AGAIN” is truly working and employment rate is all time high. With the festive season ahead we should see more positive news on US. We stay cautious.
TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.
- 3.00pm – Germany will release their WPI – It’s a leading indicator of consumer inflation – when wholesalers charge more for goods and services the higher costs are usually passed on to the consumer.
- 4.30pm – ECB President draghi will speak – same all tone is expected.
- 6.00pm – EURO will release their CPI and we expect no change – expect volatility.
- 7.00pm – Italy will release their Trade balance – no change is expected.
- 9.00pm – Germany Weidmann Speaks. – expect volatility.
- 9.30pm – Canada will release their Manufacturing data – expect volatility.
High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.