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  • Risk negative bias persists with no end in sight to fiscal support negotiations

    From hmarkets.com

    The risk negative bias that has ushered flow back towards safe haven assets in recent sessions is still present as we come towards the end of another frustrating week for major markets. There is a distinct lack of trend or conviction right now through forex and commodities. It is difficult for traders to take a view amid the frustrating lack of progress in US fiscal support negotiations and deadlock over a UK/EU trade deal. In Washington, the sense is that fiscal support is becoming (if it is not already) a political football kicked around as who can use it for their advantage moving into the Presidential election. ... (full story)

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    To and Fro – PMI

    From businessnz.org.nz|Oct 16, 2020

    New Zealand's manufacturing sector experienced a pick-up in expansion during September, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI). The ...

    SEC Awards $800,000 to Whistleblower

    From sec.gov|Oct 16, 2020|2 comments

    The Securities and Exchange Commission today announced an award of more than $800,000 to a whistleblower whose information caused the staff to open an investigation that led to ...

    UK ForMin Raab: Close To A Deal

    From @LiveSquawk|Oct 16, 2020|23 comments

    tweet at 2:59am: UK ForMin Raab: Brexit Trade Deal ‘Depends On The Other Side’ - Sky - EU Wants UK Fisheries To Be Under EU Rules - Close To A Deal

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    Top World Bank Economist Says Financial Crisis Could Emerge From Pandemic

    From bnnbloomberg.ca|Oct 16, 2020|2 comments

    World Bank Chief Economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. ...

    ECB’s Makhlouf: Rate Cut Not Best Tool To Use In Current Circumstances

    From @LiveSquawk|Oct 16, 2020

    tweet at 3:54am: ECB’s Makhlouf: Evidence Not Changed GC Needs To Make New Decisions - Nothing Off The Table, Have Pretty Big Toolkit - Rate Cut Not Best Tool To Use In Current Circumstances

    ECB’s Visco: Won’t Be Back To Pre-Covid Situation For A Couple Of Years - BBG TV

    From @LiveSquawk|Oct 16, 2020

    tweet at 4:46am: ECB’s Visco: Won’t Be Back To Pre-Covid Situation For A Couple Of Years - BBG TV tweet at 4:47am: ECB’s Visco: Have To Avoid Too Early Withdrawal Of Policy tweet at 4:49am: ECB’s Visco: Seeing Better Q3 Italian Data Than Expected tweet at 4:51am: ECB’s Visco: Fiscal. Monetary Policies Have To Remain Accommodative

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  • Posted: Oct 16, 2020 3:52am
  • Submitted by:
     HantecRich
    Category: Technical Analysis
    Comments: 0  /  Views: 1,302
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