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China-US meets. Poor connection between the Fed and the market throws confusion ahead of earnings season.


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Though there is little to be cheerful about, Chinese Vice Premier Lui He and his team arrived in Washington yesterday with the hope of getting at least a partial agreement done.

According to the latest news, a currency pact would be essential for sealing an interim deal. Then, the officials would move to the next stage of the game, which would include less agreeable subjects to talk about such as intellectual property, data security and of course forced technology transfers.

[...]

The US dollar index gapped lower, while the US 10-year yield jumped to 1.60%. The short end of the US sovereign yield curve flattened as the Fed announced to buy more treasury bills to avoid a renewed liquidity crunch in the short-term money markets. But it is not a QE, said the Feds Chair Powell, muddling the market.

What did Powell mean buy 'it's not QE?'

Read the full LCG article

https://www.lcg.com/int/analysis-education/market-reports/articles/china-us-meets-powell-s-poor-connection-with-the-market-throws-confusion-to-the-market-ahead-of-earnings-season/

Opening calls

FTSE to open 10 points lower at 7156

DAX to open 18 points lower at 12076




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Ipek Ozkardeskaya is a senior analyst at MBAex with a solid experience in the financial industry. She has strong technical background in economics and quantitative finance. Previously, she worked as a senior market analyst in London Capital Group, FX strategist in Swissquote Bank and as a client sales executive at HSBC Private Bank in Geneva. She also developed quantitative models in automatic trading as part of BCV’s Structured Products team. Ipek has a Master’s degree in Financial Engineering & Risk Management and a Bachelor degree in Economics from University of Lausanne.
 
Contributing  author since 11/09/2017

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