“Attracting more attention will probably be Friday’s flash CPI stats for the Eurozone as a whole. Inflationary pressures have cooled in recent months as the economy slowed, and inflation expectations have also declined dramatically, threatening to drag actual inflation even lower. That is why investors expect the European Central Bank to act with force in September and cut rates deeper into negative territory, as well as launch another round of Quantitative Easing,” says Marios Hadjikyriakos, an investment analyst at XM.com who concludes the outlook does not bode well for the single currency.
Graham Potter has got his Brighton side playing some lovely football and their total could have looked even more positive if Florin Andone hadn’t lost his cool and been sent off against Southampton.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 32 Old Slip, Suite 803; New York, NY 10005.
All Content © Pound Sterling Live 2019. The news and information contained on this site is by no means investment advice. We intend to merely bring together and collate the latest views and news pertaining to the currency markets – subsequent decision making is done so independently of this website. All quoted exchange rates are indicative. We cannot guarantee 100% accuracy owing to the highly volatile and liquid nature of this market.
“We suspect that while Powell may be unwilling to deliver a hawkish surprise, he will only marginally tweak the rhetoric seen in the July minutes,” wrote ING FX strategist, Franceco Pesole “He may flag rising trade-related concerns but without diverting from the “mid-cycle adjustment” storyline, which is still underpinned by the buoyant economic backdrop. All this is unlikely to satisfy markets’ dovish hopes and would probably trigger an uptick in rates, pushing up the dollar across the board.”
“Market participants will be watching the symposium for any signals of the Fed’s thinking ahead of the 19 September FOMC meeting, especially after the chorus of (albeit more hawkish) Fed members yesterday who sounded reluctant to cut interest rates further. We continue to expect the FOMC to cut interest rates by a further 25bp in September,” says Kim Mundy at Commonwealth Bank of Australia . “Powell’s speech at the Jackson Hole Symposium today will determine if AUD/USD closes on its lows for the week or not. RBA Governor Phil Lowe is also speaking on a panel at Jackson Hole this weekend.”
Wolves still need to get the job done but here is all the key information via the Mirror about the draw for the group stages, which Nuno Espirito Santo desperately hopes his side will be in.
– May 15, 2017: The Central Bureau of Investigation (CBI) registers FIR in the INX Media case alleging irregularities in Foreign Investment Promotion Board (FIPB) clearance to the group for receiving overseas funds of Rs 305 crore in 2007. Thereafter, the Enforcement Directorate (ED) lodges a money laundering case in this regard.
Much attention has been given in recent weeks to rising geopolitical tensions, particularly between the US and China . But these tensions are not new. They have been simmering at least since President Trump suggested he would implement significant tariffs on China during the 2016 election campaign. For most of that period there has likely been an element of investors, particularly in China, seeking to move money out of the country. This is likely to continue for as long as the US and China remain at loggerheads .
The game in 200 words (or less): “El Trafico” lives up to all of its hype, whether it’d be in Carson or in the heart of Los Angeles. Loaded with goals, subplots, heated fan bases, Zlatan Ibrahimovic and Carlos Vela, it’s tough to find another rivalry in MLS as fierce and as provocative as Los Angeles’. Because just when one thought spectators uncovered the climax of the story, a plot twist from nearby Hollywood’s archives is screened. Whether it’d be Ibrahimovic’s fastest goal in derby history, Latif Blessing’s unexpected brace, or Vela’s goal and subsequent benching, it’s evident that there was no shortage of storylines. Both side’s 3-3 draw, as well, had no shortage of goals. It was a spectacle on Sunday.