Month: November 2020

Deese was Obama’s deputy director of the NEC.  Comes from Blackrock where he was global head of sustainable investing Pres. elect Biden will tap BlackRock’s Deese to lead the National Economic Council.  The the announcement was not officially made today but is expected to take place later this week according to sources.   Deese, who comes from BlackRock where he was
Bank of England Chief Economist Andy Haldane has made weekend comments on COVID-19 vaccines, policy stimulus, and central bank independence. On  inflation, he said it could rise by more than anticipated in the medium term due to: progress on developing COVID-19 vaccines combined with huge amounts of stimulus pumped into economies during 2020 “As the
A quiet one amid the Thanksgiving holiday period The yen is leading gains so far today but there isn’t much to really shout about the moves in European morning trade. USD/JPY is sitting around 104.25, testing the confluence of its 100 and 200-hour moving averages @ 104.18-23. There are also large expiries seen rolling off
Minutes of the November 5 FOMC Some market participants expected the Committee to eventually lengthen the weighted average maturity of the Federal Reserve’s purchases of Treasury securities. Meeting participants generally saw the current QE pace and composition as effective While participants judged that immediate adjustments to the pace and composition of asset purchases were not
Volatile NY session The EURUSD traded to the highest level since November 9th taking out last week’s highs in the process between 1.1890 and 1.18931. The high price reached 1.19053. Then all hell broke loose. The Markit PMI data came better than expected and there was a run into the USD. That move saw the
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;