Market Overview - Page 476

President Donald Trump and congressional leaders announced Monday they had struck a critical debt and budget agreement. The deal amounts to an against-the-odds victory for Washington pragmatists seeking to avoid politically dangerous tumult over the possibility of a government shutdown.

Market focus The expectations of easing are being strengthened among investors, not only due to the Fed’s meeting but also because of the ECB’s one. According to some estimates, the currency quotes are predicted to reduce ECB rates by 10.

Market overview FX: USD strengthened against most major currencies: USDX near 2-month highs, EUR fell below 1.1200. Commodity currencies are retreating. Stocks: Indexes add 0.2%-0.5% on the speculations around global monetary easing. Commodities: Brent is growing in the wake of.

Market focus Markets have started the week under pressure. Expectations that the Federal Reserve will cut interest rates by 50 points in July collapsed from 60% to 23%. This occurred after the NY Fed clarified that the speech of John.

The U.S. will likely emerge the winner in a “cold currency war” that’s heating up, according to Joachim Fels, global economic advisor at Pimco. He said a cold war on the currency front refers to a conflict not fought with.

The International Monetary Fund on Wednesday forecast that lower oil prices and higher taxes would slow Russian economic growth in 2019 and said Moscow’s medium-term growth outlook would remain modest unless it tackled deeper structural reforms. It said Russia’s gross.

Market overview FX: the USD gained on expectations that the Fed will refrain from 50 b. p. a rate cut in July. Stocks: Major indices got hit on Friday but somewhat stabilized at the start of trading on Monday. Commodities:.

Elon Musk is an optimist: There is no better time to be alive, Musk says. “Humanity can address a lot of the suffering that occurs in the world and make things a lot better. I think a lot of times.

Switzerland crypto laws have appealed to blockchain enthusiasts for years. Facebook’s head of blockchain, David Marcus, is no exception. He released a statement announcing that he expects the new coin to be governed by Swiss law. Why did Libra choose.

1. You’re Too Scared to Buy the Bitcoin Bottom Bottom-picking is one of the most profitable plays you can make in trading cryptocurrencies. It’s also one of the most difficult times to pull the trigger. First, the bleeding stops. After.

Gold benefits from a combination of two factors: lower interest rates in debt markets and continuing hopes that the global economy will maintain healthy growth. The current situation resembles the dynamics from 12 years ago, when the Fed reduced the.

Market focus The President of the Federal Reserve Bank of New York (the most influential of the regional banks) noted on Thursday that policymakers should not wait for an economic disaster to hit before adding stimulus. Note that the comments.