Market Recap – Lower for longer

During the FXWeek Europe Conference, the concern that lower-for-longer inflation depletes Central Banks’ ammunition, was addressed with policy innovation that is already underway. Central Banks find instruments whenever needed.

The FED will have the last monetary meeting of 2019 in 20 days. Contrary to President Trump’s wishes, no additional rate cut is expected by financial markets participants.

Today, President Trump could sign the Hong Kong bill that has been voted by the Congress, despite China’s objections. The phase 1 trade deal between the USA and China has not been signed yet.

Macro releases: The US unemployment claims and the EU consumer confidence are the worth noting in today’s economic calendar.


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