Forex Live News Today FxPremiere Group
Forex Live News Today Fxpremiere Group
Talking Points today:-
– Towards the close of business today marks the end of Q3 with 77% of the way through the year seen some very interesting developments. Below we will look at the page into Q4.
– While US elections are dominating the world forex headlines, the potential for this to be an immense market driver may be a bit overrated as the Fed Reserve still has the potential to offset monetary policies whilst still incredibly loose.
– If you’re looking for trading ideas, check out our Trading Guides.
Tomorrow marks the end of the third quarter and the beginning of the fourth; and when traders arrive at their trading desks on Monday morning all new forex trades will be lined up for Q4. We started with risk aversion just a few weeks after the December rate hike.
European Banks Stress
The Deutsche Bank has been in the news lately. Just a few days ago we did a review. The big worry here isn’t just one bank getting hit. The bigger concern is a contagion effect because banks trade with each other
On the chart below, we’re looking at how the Brexit referendum impacted the S&P 500 compared to two of the prior periods of worry.
In June 2016 we saw even more issues arising but this time to expectations beyond 2016 with September 2016 we saw more of the same as the Federal Reserve downgraded expectations for rate hikes. So while the Global Fed banks came into the year extremely aggressive they spent time being passive and loosing monetary policy expectation.
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