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Fed’s Mester: Raising interest rates would be a "prudent step"

November 30, 2016 saxo bank news 0

Fed Cleveland’s President Loretta Mester was on the wires, via Reuters, noting that raising interest rates would be a prudent step Key headlines (via Reuters): Prospects are likely higher for changes in fiscal, immigration, infrastructure and trade policies Says ‘very uncertain’ how those changes will affect inflation, employment; ‘devil will be in the details’ Postponing hikes for too long would raise risks of recession and financial instability; fed not yet behind curve

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Fed’s Powell: Rise in inflation compensation is a good thing

November 30, 2016 saxo bank news 0

Fed’s Governor Jerome Powell crossed the wires last minutes, via Reuters, stating that an increase in inflation compensation is a “good thing”. Key headlines (via Reuters): Should a patient to see how fiscal policy unfolds Focus on time and rate change may add to confusion Communication should emphasize uncertainty of forecast Dot plot changes over time reveal views on policy path Dot plot isn’t useful predictor of near-term rate moves

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Canada: Q3 GDP growth may not be sustainable – Wells Fargo

November 30, 2016 saxo bank news 0

The Canadian economy expanded at a 3.5% rate during the third quarter. According to analysts from Wells Fargo, the fastest quarterly growth in Canada in two years may not be sustainable. They see downward pressure on the Canadian dollar (against the USD) amid monetary policy divergence between the Bank of Canada (BoC) and the Federal Reserve

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India’s Rupee Faces Further Weakness As Demonetisation Trumps GDP

November 30, 2016 dailyfx news 0

Talking Points • Indian third-quarter GDP print misses estimates but still grows 7.3% year-over-year • Rupee under pressure from government’s ‘Demonetisation’ move and Trump win • Reserve Bank of India under pressure to announce a further 0.25% rate cut next week See the DailyFX Analysts’ 4Q forecasts for Crude Oil , the Dollar, Euro , Pound , Equities and Gold in the DailyFX Trading Guides page.

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Continued Brazil GDP Slump Threatens further Rate Cuts, Real Slide

November 30, 2016 dailyfx news 0

Talking Points: • Brazil’s GDP shrank 0.8% in the third quarter, matching forecasts • The country’s prolonged recession – now 8 quarters long – could become the worst in its history • The central bank is widely expected to cut interest rates a further 25 basis points this week Brazil’s economy shrank 0.8% in the third quarter, statistics agency IBGE reported on Wednesday. Growth was down a seasonally adjusted 2.9% compared to the third quarter of 2015.

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Crude Oil Price Forecast: Crumbling OPEC Deal Agitates Oil Market

November 29, 2016 dailyfx news 0

Access Free Oil Trading Guide from DailyFX Analysts HERE ! Talking Points: Crude Oil Technical Strategy: Strong Dollar & Clear Support In Focus To Resume Downtrend OPEC Production Cut Deal Comes Down To the Wire, Crude Down ~3.5% On Session Deal Rejection Could Lead To Long Winter For Oil Market We’re less than 24-hours to go before the Concluding Press Conference in Vienna where OPEC is said to agree or disagree on a united production cut formally , and it’s not looking good for those hoping for a deal. While some maintain that a cut is the default outcome, the details and follow-through ha ve always been a concern.

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EU Sentiment Surveys Point to Higher Growth, QE Will Still Likely be Extended

November 29, 2016 dailyfx news 0

Talking Points – Euro-Zone economic sentiment rose marginally in November but consumer confidence fell and there was a surge in inflation expectations. – The data suggest accelerating growth in the Euro-Zone but that shouldn’t prevent the European Central Bank from extending its asset-purchase program next week. – The data had little impact on EUR/USD , which continues to consolidate after its recent falls

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DXY with a Strong Technical Signal: EUR/USD, Gold in Trouble

November 29, 2016 dailyfx news 0

Talking Points – Real yields are rising in the US, which means the US Dollar should be supported for the foreseeable future. – Momentum in EUR/USD and USD/JPY remains in favor of a stronger US Dollar over the coming days. – Fed funds futures pricing in a 100% chance of a 25-bps rate hike in December.