Adam Button

ForexLive Americas FX news wrap: Hawkish hold from the RBNZ

Forex news for US trading on November 8, 2017:
Markets:
– Gold up $6 to $1281
– WTI crude down 41-cents to $56.79
– US 10-year yields up 1.4 bps to 2.32%
– S&P 500 up 4 points to 2594
There was talk the RBNZ could take out any hint of hikes in 2019…

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Reminder: North American turned back the clocks on the weekend

Hope everyone is well-rested
New York is back to being five hours behind London and GMT. The North American is light today, so there is plenty of time to ease into the new arrangement.
The post Reminder: North American turned back the clocks on the we…

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What we know about Jerome Powell: He’s quiet and drives a Tesla

…and other things we’ve learned about Powell
The profiles of Powell are coming fast.
Here he is at Princeton in 1975.
What we’ve learned:
– His reported assets are worth between $19.7m and $55m
“He is remarkably undogmatic,” says Jeremy Ste…

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Cohn: It won’t be possible to back-date tax cuts to start of 2017

That’s a negative
One of the ideas floated out there was to backdate the tax cuts because that would have provided a quick boost to the economy. Evidently, it’s a dead idea.
The post Cohn: It won’t be possible to back-date tax cuts to start of 20…

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