What Trump’s tirade against ‘loco’ Fed means for the markets

President Donald Trump’s branding of the Federal Reserve’s policy actions as “crazy” and “loco” following Wednesday’s steep stock-market selloff seemed both shocking and inevitable. The question for investors is whether it will make any difference at the Fed. So far, analysts seem to doubt the remarks, the latest and strongest in a series of criticisms of the central bank’s gradual tightening of monetary policy, will have much impact. Read more @ https://www.marketwatch.com/story/what-trumps-tirade-against-loco-fed-means-for-the-markets-2018-10-11?siteid=rss&rss=1

IMF chief defends Powell after Trump slams ‘crazy’ Fed

The head of the International Monetary Fund on Thursday defended Federal Reserve Chairman Jerome Powell one day after U.S. President Donald Trump criticized the American central bank, which has been raising U.S. interest rates, as “crazy.” Read More @ https://www.reuters.com/article/us-usa-trump-imf-fed/imf-chief-defends-powell-after-trump-slams-crazy-fed-idUSKCN1ML196?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Europe stocks slump to their lowest level in 20 months as Wall Street sell-off grips global markets

WHAT IS THE USD SAYING?

USD has finally break the bears H&S Neckline; we are expecting more fall for the USD against major pairs; be cautious the swings will still continue with G20 meetings and Market meltdown have started with most central banks are tightening their borrowing cost. IMF meeting is also going on con-currently.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES

  1. Tentative – China will release their trade balance and is expected to be weak; be cautious for AUD & NZD PAIRS.
  2. 12.30pm – Japan will release their Tertiary Industry report – 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;
  3. 2.00pm – Germany will release their FINAL CPI and is expected to be no change; be ready for good volatility.
  4. 10.00pm – US will release Prelim – Consumer sentiment and Inflation Expectations – expected to be good. Market is expect to go under pressure. We have moved from Buying USD to SELL now.

The market will continue to swing till the G20 & IMF meetings are over this weekend. Be cautious and be always money management conscious.

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?