Exclusive: Trump says it would be foolish for Fed to raise rates next week – we believe FED will raise rates next week.

President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank. Read More @ https://www.reuters.com/article/us-usa-trump-fed-exclusive/exclusive-trump-says-it-would-be-foolish-for-fed-to-raise-rates-next-week-idUSKBN1OB02Y?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Is the US heading for a recession?

Recessions are painful. Shrinking output tends to mean huge job losses, stagnant incomes and widespread misery. And when that recession is in the world’s largest economy, it’s a major headache for its trading partners, not least the UK which sells 30% of its exports to the US. Investors are increasingly concerned there’s an American recession brewing. Of course, they, and also economists, can get it wrong. But is there a sure-fire way of predicting recessions? Government bond markets may be one the most accurate form of financial tea leaves. A central bank study in the US found that the bond markets had successfully foreshadowed all five US recessions since 1955. Those bonds, known as Treasuries in the US, are issued as a form of borrowing by governments, to fund spending. Read More @ https://www.bbc.com/news/business-46530860

Exclusive: Trump says he could intervene in U.S. case against Huawei CFO

U.S. President Donald Trump said on Tuesday he would intervene in the Justice Department’s case against a top executive at China’s Huawei Technologies [HWT.UL] if it would serve national security interests or help close a trade deal with China. Huawei’s Chief Financial Officer Meng Wanzhou was arrested in Canada Dec. 1 and has been accused by the United States of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. Read More @ https://www.reuters.com/article/us-usa-trump-huawei-tech-exclusive/exclusive-trump-says-he-could-intervene-in-u-s-case-against-huawei-cfo-idUSKBN1OA2PQ

WHAT IS THE USD SAYING?

USD continues to charge forward – AND it looks like it is not going to turn anytime soon as the Fed prepares for a rate hike next week. If you think you are good in shorting USD – think again.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 12.30pm – Japan will release their tertiary industry – It’s a leading indicator of economic health – businesses are quickly affected by market conditions, and changes in their spending can be an early signal of future economic activity such as hiring, earnings, and investment.
  2. 5.00pm – Italy will release their Quarterly unemployment – expected to be weak.
  3. 6.00pm – Euro will release their Industrial production – It’s a leading indicator of economic health – production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.
  4. 9.30pm – US will release their CPI and is expected to have no change – expect volatility. We continue buying the USD.

The market will continue to range till next week as all await for next week FOMC data release. We are expecting a rate hike to slow down the bubble in the stock market.

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.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?