The IMF is still too optimistic about global growth — and that’s bad news for investors

The International Monetary Fund’s scaled-back global growth forecasts remain overly optimistic. A rapid economic slowdown is set to lower world growth, possibly to a 3% pace by the end next year. In January, the IMF projected world growth of 3.9% in 2018 and 2019. The world economy, the IMF wrote, was experiencing “the broadest synchronized global growth upsurge since 2010.” Managing director Christine Lagarde proclaimed that “all signs point to a continuous strengthening” of the global economy. The IMF’s outgoing chief economist, Maurice Obstfeld, now concedes those forecasts were “over-optimistic.” But the message still is that modestly scaled-down but steady growth will continue at 3.7% this year and the next. Read More @ https://www.marketwatch.com/story/the-imf-is-still-too-optimistic-about-global-growth-and-thats-bad-news-for-investors-2018-10-15?siteid=rss&rss=1

Yellen Says Trump’s Criticism of Fed Policy Is Damaging and Unwise

Janet Yellen cautioned that Donald Trump’s criticism of Federal Reserve policy threatens the institution she ran for four years, adding that it’s “not a desirable thing for a president to comment so explicitly on Fed policy.” “To politicize it and to undermine that is something that is essentially damaging to the Fed and to financial stability,” Yellen, who stepped down as Fed chair early this year, said Monday in Washington. “Obviously, presidents can speak out if they choose to and give their opinions about policy. There’s no law against that, but I don’t think it’s wise.” Read More @ https://www.bloombergquint.com/global-economics/yellen-says-trump-criticism-of-fed-policy-is-damaging-and-unwise#gs.IKMLRcs

US budget deficit expands to $779 billion in fiscal 2018 as spending surges

WHAT IS THE USD SAYING TODAY?

We are going for a SELL on USD moving forward as the chart technical patterns is hungry for the south movement. As much we want to SELL immediately – we wait for the price to break 94.50 first.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 4.30pm – UK will release their CPI data and we are expecting to be good or no change. Expect volatility – we only trade after the news and not before.
  2. 5.00pm – EUR will release their critical CPI data and we are expecting no change; we maintain BUY for EURO this week unless there is a fundamental change – like Italy issue.
  3. 8.30pm – Canada will release their Manufacturing Sales and is expected to be good. We are cautious over CAD trades for now as President is still adamant over Trade War.
  4. 10.30pm – Oil inventory – we are expecting the inventory to be higher; we SELL oil.

Do remember that the market is still volatile and there will be FOMC early tomorrow morning and you can expect massive volatility – ensure you are always aware of money management.

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?