US Dollar Index and Treasury Yields Fall Early on August 29

What Yellen and Draghi did not say speaks volumes

Yellen did not touch upon the monetary policy, when a part of the market did expect her to.

USA investors will be awaiting more tax reform details from President Donald Trump in the days ahead.

U.S. stocks closed mixed on Friday after President Donald Trump's chief economic adviser Gary Cohn said the Trump administration's agenda and calendar will revolve around tax reform starting next week.

Jeremy also looks at the upcoming data this week that may give a trading opportunity on EUR/USD including the ADP, private payrolls, on Wednesday and then the main US release on Friday with non-farm payrolls.

Instead, she devoted her entire speech to chronicling the disastrous events of financial crisis, and to defending the range of regulatory responses - such as tougher capital rules for banks and requiring big United States banks to undergo annual stress-tests - that have been introduced to make the financial system safer. The crucial statement which dashed hopes of immediate monetary policy tightening was that;

'[The Fed will continue to evaluate] where reforms are working and where improvements are needed to most efficiently maintain a resilient financial system'.
Market volatility had been at its lowest since 2005, but this massive sale of gold pushed stock futures higher. Gary Cohn, the President's key person in leading this reform is expected to push for it during this week with the President himself expected to try to rally support for the reforms across different events.

Eurozone monetary aggregate rose at a slower pace in July, the European Central Bank reported Monday.

European share markets closed lower, with the pan-regional FTSEurofirst 300 index slipping 0.05 per cent, even as an index of emerging market stocks rose.

Mexico Refuses To Negotiate NAFTA Over Twitter
At times his aides suggested Mexico would pay for it through new tariffs or with a tax on remittances sent back to Mexico . NAFTA is an agreement signed by Canada, Mexico and the U.S. to create a trilateral trade bloc in North America.

Murray pulls out of US Open, may miss rest of season
Should Bouchard win that, No. 4 seed Elina Svitolina (+1000) is likely up next. "I missed it past year ". Add in Murray, and that means five of the top 11 men in the ATP rankings will be absent when the U.S.

Dustin Johnson tops Jordan Spieth in playoff to win 2017 Northern Trust
Johnson kept the score tied by sinking a 17-foot putt on the final hole, forcing the extra round. Dustin Johnson came from five down Sunday against Jordan Spieth to capture the Northern Trust .

Harvey has knocked out a quarter of oil production from the Gulf of Mexico, prompting fears it could overturn years of US excess oil capacity and low prices, with disruptions reverberating through global energy markets for weeks.

U.S. markets ended on Friday on a modestly positive note, with the S&P 500 gaining 0.17 per cent, or 4.08 points, to 2,443.05. The UK is set to meet with the European Union in a third round of negotiations on Article 50. In contrast, we expect a December hike and three more 25bp moves next year.

"This will surely provoke a response from US President Trump who previously suggested the US would react with "fire and fury" at any escalation of threat".

"We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico & Canada. Because of this I think most people have given up on the idea of a rate hike as soon as next year".

Analysts attributed the rise to Germany's recent employment data, with consumers increasingly upbeat as record low unemployment figures and robust wages makes households more confident in their economic outlook.

The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.36% to 92.14 on Monday, hitting a 15-month low.

Related:

  • Joel Osteen Denies Keeping His Houston Megachurch Closed To Hurricane Harvey Refugees

    Joel Osteen Denies Keeping His Houston Megachurch Closed To Hurricane Harvey Refugees

    They also released photos of flooding in and around the Church . "Jesus promises us peace that passes understanding", he wrote . It also added that it would collect infant and adult diapers, baby formula and baby food, and help distribute to the community.

    Everything You Need to Know About Jon Snow's Real Name

    Daenerys was the youngest, and she was born on Dragonstone around the same time as Jon , but she's still his father's sister. Also, maybe we'll see him as a wight? But when enough people make false promises, words stop meaning anything.
    Xiaomi Mi 5X expected to launch on September 5 in India

    Xiaomi Mi 5X expected to launch on September 5 in India

    The invite gives little information about the phone - but it does hint at the presence of a dual-camera setup. Xiaomi Mi 5X has already been launched in China , so its specifications and features are known to the public.
  • 15 seniors rescued after Harvey floods nursing home

    15 seniors rescued after Harvey floods nursing home

    He told ABC News he doesn't believe the rescue would have been possible without all the attention the photo received. In his next tweet, he wrote: "Latest update on La Vita Bella home in Dickinson, TX.On "purple" high priority list".
    Trump Defends Pardoning Former Sheriff Arpaio

    Trump Defends Pardoning Former Sheriff Arpaio

    Trump described Apaio as "loved in Arizona" despite the fact that only 21 percent of state residents approved of his pardon. Trump characterized Arpaio as "very strong on illegal immigration".
    Samsung scion Lee appeals against five-year jail term for bribery

    Samsung scion Lee appeals against five-year jail term for bribery

    Lee has been accused of offering bribes of 38 million United States dollars for various departments after the death of his father. Their quote references allegations that South Korean President Parks offered "repeated and aggressive " requests from Samsung.
  • Stuart Law proud after Windies rally to beat England

    Stuart Law proud after Windies rally to beat England

    But it was not until the stroke of tea that Windies lost their third wicket when Brathwaite edged Moeen Ali to Stokes at slip. Hope took the bulk of the plaudits after becoming the first man ever to make two tons in a first-class game at Headingley.
    AAP wins Bawana; CM Manohar Parrikar wins Panaji

    AAP wins Bawana; CM Manohar Parrikar wins Panaji

    Bawana bypoll in Delhi: Arvind Kejriwal-led AAP made a comeback in Delhi politics by scoring a massive victory in Bawana bypoll. Chief minister Parrikar was the BJP candidate in Panaji and he romped home almost 5,000 votes ahead of his nearest rival.
    Boxer Gervonta Davis mercilessly mocked for fight night outfit

    Boxer Gervonta Davis mercilessly mocked for fight night outfit

    My fans and supporters, I apologise. "I had a chance to make the weight but I knew I couldn't make it and that is that". Davis pushed away Fonseca who stayed on his knees holding his head as the referee counted him out.
  • Army Corps to open dams to stem Houston flooding

    Army Corps to open dams to stem Houston flooding

    When officials chose to carry out the controlled releases they said doing so would mitigate damage to surrounding neighborhoods. The coast guard said it had rescued more than 3,000 by boat and air, and was taking more than 1,000 calls per hour.
    Deutsche Bank AG Trims Hunting plc (HTG) Target Price to GBX 530

    Deutsche Bank AG Trims Hunting plc (HTG) Target Price to GBX 530

    In a report issued on Friday morning, Numis kept their Buy rating on shares of HTG. (NASDAQ:STMP) rating on Monday, October 19. Doliver Capital Advsrs Incorporated holds 0.3% of its portfolio in B&M European Value Retail SA (LON:BME) for 11,224 shares.
    Bayern ready to loan out star

    Bayern ready to loan out star

    Apart from that, Jurgen Klopp's side have also recruited Andrew Robertson from Hull City and Dominic Solanke from Chelsea . It's easy when there is no pressure playing in mid-table where you can win today, lose tomorrow.

Comments

Latest news

Family of 6 drowns in van during attempt to flee Harvey floods
Panicked, Ric said Sammy was able to unbuckle his seatbelt before pulling himself out a window. The van still has not been located, and none of their bodies have been recovered.

Andy Murray Drops Out of US Open, Cites Hip Injury
The extended break has helped Federer redeem his career, with victories in two out of the three majors in 2017. Murray did travel to NY but, after a week of practice, he decided he was not fit enough to do himself justice.

Netanyahu warns United Nations secretary-general of Iran's 'warfronts' in Syria, Lebanon
Peace efforts have been at a standstill since April 2014 and Israeli settlement building in the occupied West Bank has continued. Such statements deeply concern Palestinian leader.

Brexit Latest: UK warned over speed of negotiations
Davis said Monday this week's talks were all about " driving forward the technical discussions across all the issues ". The proposal would mean accepting the free movement of labour beyond the official Brexit date of March 2019.

Germany will be harsh with holiday refugees, says Angela Merkel
The German Chancellor Angela Merkel warmed to the idea of creating a combined European finance and the forming of a European Monetary Fund.

Oxlade-Chamberlain Close To Chelsea Transfer
So, here is an in-depth statistical analysis of each player and what they will bring to Antonio Conte's squad. He said: "Yesterday we told you a fee had been agreed with Chelsea and Liverpool are not out of this yet".

Gilead Sciences acquires Kite Pharma for $11.9-bn in cash
It worsened, as 34 investors sold Kite Pharma Inc shares while 43 reduced holdings. (NASDAQ: KITE ) opened at 178.05 on Tuesday. The company was founded in the USA by Israeli-American Professor Arie Belldegrun , who already has two exits to his credit.

Olympic 5000m finalist David Torrence found dead at 31
Torrence participated in an anti-doping investigation into a coach who was arrested last summer. Torrence was from California and had come to Scottsdale to train a few weeks ago.

New chief challenged to steady the wheel at Uber
He has been steering the travel-bookings-based website since, taking it from a $15 billion venture to a $72 billion global brand. Expedia Inc .'s stock ( EXPE :OTC) was up 32 percent in the Trump bull market this year before the Uber news leaked.

Taylor Swift takes on critics in new video
Still, it's better than " Look What You Made Me Do " - and that's as good a reason as any to listen to it. According to the latest Spotify data, the Swift smash has been streamed 23 million times.

Ruling TDP leading in Nandyal Bypoll
The TDP's Bhuma Brahmananda Reddy defeated his nearest rival, Silpa Mohan Reddy of the YSR Congress party , by over 27,466 votes. After all the rounds of the counting process, the Nandyal Bypoll election results will be out soon.

Take a closer look at Samsung's second dual-lens camera phone
On the front, there is display as well as the power button which also holds the fingerprint scanner to unlock the smartphone. Many users do not prefer to purchase a big-screen model because it is not easy to carry easily .

Kenya Enforces World's Toughest Law Against Plastic Bags
There are two categories of plastic bags that have been banned under the Environment Manufacturers and Co-ordination Act. Those bags are coming from 30 plastic manufacturers who sell the products for a total of $406 million per year.

Sarahah has been uploading your address book without permission
Although the app does seek permission to access users' phone data, it refrains from disclosing what kind of data it collects. In 2014, security researchers were able to decloak posters on the app by tricking the app's contact-matching system.

NFLPA denied notes in Ezekiel Elliott's suspension appeal
While Ezekiel Elliott will attend his own suspension appeal hearing in NY this Tuesday, Dallas Cowboys owner Jerry Jones will not .

Other news