Latest News Headlines
CNBC: Paris attack could strengthen Le Pen heading into Sunday vote. An attack in central Paris, claimed by militant group Islamic State, could bolster Marine Le Pen's odds in the first round of France's presidential election.
CNBC: The market suddenly doubts the Fed will raise rates twice more this year. A recent string of less-than-stellar economic news has injected some uncertainty into whether the Fed will deliver a steady diet of rate increases ahead.
Bloomberg: Asian Stocks Gain on Kuroda, U.S. Tax Reform Hopes: Markets Wrap. Equities climbed across Asia as optimism spread for a U.S. tax overhaul and the yen weakened after Bank of Japan Governor Haruhiko Kuroda said he will keep accommodative policy in place.
Bloomberg: Fed Intensifies Balance-Sheet Discussions With Market Players. Federal Reserve staff, widening their outreach to investors in anticipation of a critical turning point in monetary policy, are seeking bond fund manager feedback on how the central bank should tailor and communicate its exit from record holdings of Treasuries and mortgage-backed securities.
Bloomberg: Deutsche Bank Is First Bank Busted for Breaking the Volcker Rule. Deutsche Bank AG (DE:DBKGn) was hit with the Federal Reserve’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets -- and will pay even more for letting currency desks chat online with competitors, allegedly revealing positions.
Bloomberg: Southeast Asian Stocks Are Poised to Start Outperforming Peers. After lagging behind the wider region since 2013’s taper tantrum, Southeast Asian stocks are poised to start outperforming their peers. That’s the view from Morgan Stanley (NYSE:MS) and Nomura Holdings Inc. in research notes released Thursday and Friday respectively.
Reuters: Asian stocks climb, euro surrenders gains as French election jitters return. Asian stocks were set to end the week with a bang, lifted by bets on strong U.S. earnings and tax reform, while the euro retreated from a three-week high as jitters returned over French presidential elections on Sunday after a shooting in Paris.
Reuters: Oil prices set for biggest weekly drop in a month. Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years.
Reuters: Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks. President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.
CNBC: France rocked by shooting days ahead of the presidential election. One police officer was killed and two wounded during an attack on Thursday night claimed by ISIS.
Currency strength indicator
The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.
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