Month: January 2019

Leaners winning As the dollar was getting sold into the fixing, I posted: As the London month end fixing runs into some dollar selling (and stocks move higher), the AUDUSD is tracking higher and getting closer to some pretty good resistance. The 200 day is currently at 0.72955. A trend line connecting the recent highs
GS assessment of the Federal Open Market Committee and Powell  Jumping straight to the bank’s ‘Bottom Line”: Chairman Powell s press conference positioned the patient wait-and-see approach as the appropriate response to increased downside risks from growth abroad, weaker survey data, and tighter financial conditions  Chairman Powell stated that the length of the ‘patient period’
This is not fresh news, just scanning through some news and came across it, so ICYMI: The FBI is investigating Chinese economic espionage in nearly all of its 56 field offices around the country. Director Christopher Wray speaking to the Senate Intelligence Committee “China writ large is the most significant counterintelligence threat we face”  “We have
Westpac reacts to the Fed decision The January statement tacked strongly in a dovish direction,with the Fed making several significant changes, Westpac says in a note after the event. They say that patience is the new mantra, replacing a pledge to continue hiking. When asked if, “future adjustments” implied the next move could be up