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.

Disclaimer

The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.