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ALL COMMODITIES NEWSEnergy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday
Reuters reported that oil producers led by Saudi Arabia and Russia reached a deal in principle on Thursday to cut output by an extra 500,000 barrels a day in the first quarter of 2020 but stopped short of pledging action beyond March.
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ALL OPINIONSWrong Response by Trump to China’s Countermeasures Threat Could Blow Up Trade Deal
What traders could be waiting for is Trump’s response. Will he defy his promise to Chinese President Xi Jinping, or will he remain silent? It’s highly unusual for Trump to remain silent for too long especially when a foreign country threatens the U.S. with “strong countermeasures.”
Two-Weeks Before Fed Meeting, Policymakers Remain Divided Over Rate Cut
One group like Fed Chair Jerome Powell believes the outlook is generally positive. Another believes the U.S. economy needs even easier policy to avoid sinking into a recession. Still a third group believes the Fed has gone far enough or even a little too far in trying to revitalize the
We’ll Know How the Meeting Went by How Trump Handles October 15 Delayed Tariffs
If Trump moves forward with the tariffs on October 15 then this will complicate matters since it will indicate that both sides are still far apart and Trump feels China needs to continue to feel pressure in order to finish a deal in a timely manner.
Euro Rebounds as ECB Underwhelms; Draghi Faced Opposition to QE
Draghi was also hurt by a headline from Bloomberg that said he faced opposition from several key ECB governors in his ultimately successful bid to restart quantitative easing, according to officials with knowledge of the matter.
Brokers News
ALL BROKERS NEWSFBS Gives Away Lucky Gift Boxes In A New Year Promo
As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises.
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