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EUROPE
While Europe burns,
Brussels scribbles – Politico
Justin Fox: The Europhile's
Case for Europe – BBLe Pen Says French Foreign Policy Must Be Decided in Paris – BB
ECB Officials Doubt `Small Country' Britain's Post-Brexit Future – BB
German Domestic Demand
Bolstered Growth in Final Quarter – BB
Bundesbank’s backhanded
support for Angela Merkel – Politico
Martin O’Rourke: Eight
reasons why the Dutch election matters – TF
Leonid Bershidsky: Why
the Dutch Turned Against Immigrants – BB
EUROPEAN
CENTRAL BANK
Mohamed El-Erian: Political
Risk Hampers the ECB – BB
UNITED STATES
TRUMP
US Tax Reform in Jeopardy and the State of the Strong Dollar Policy – Marc Chandler
Retailers Tumble After Trump Says "In Favor Of Border Tax” – ZH
TRUMP
US Tax Reform in Jeopardy and the State of the Strong Dollar Policy – Marc Chandler
Retailers Tumble After Trump Says "In Favor Of Border Tax” – ZH
Infrastructure Stocks
Slump as Stimulus Not Seen Until 2018 – BB
Jennifer Harris: Trump
Should Follow Reagan's Lead on Trade – BB
FEDERAL
RESERVE
FOMC Minutes: Only ‘a
few’ seem ready to hike in March – Danske Bank
Fed: One of the Biggest
Drivers of the Rally May Not Materialize – WSJ
Whom to Listen to in the
Fed Minutes – Tim
Duy
REGULARS
The release of the FOMC minutes
which showed the Fed inching its way towards its next hike sent ripples across
global markets including forex and precious metals. Meanwhile the euro gained
ground on news that a centrist candidate for the French election has
strengthened his election prospects.
USD under pressure as yields
decline, Norwegian oil survey ahead * FAKE NEWS. Norwegian unemployment data * Rates
decline as equity market struggles * USD under pressure as Fed sees modest
inflation risks
The markets did not take kindly to
yet more mixed signals from the Federal Reserve overnight and while more than
three weeks have elapsed since its last meeting the FOMC minutes significantly
lessened expectations on a rate-hike move in March.
Political risk both in Europe and
across the Atlantic continue to dominate, with Trump's speech next week looming
stateside and the Europe reeling from every new development in the French
presidential election — but such extreme reactions to news out of Paris are
unwarranted.
Dollar Chops About, as "Fairly
Soon" Does not Mean mid-March
Five Things You Need to Know to Start Your Day – BB
10 things you need to know before the opening bell – BI
US Open – ZH
Futures Flat, Global Stocks Near
Record High After Minutes Fail To Spark Dollar Rally
The action overnight spoiled the
only real trend we had going this week as euro shorts were squeezed on French
presidential election campaign developments. Elsewhere US Treasury Secretary
Mnuchin made more ambiguous comments on the strong dollar while the FOMC
minutes were a pointless distraction.
FINNISH
Saksan talouselämän odotuksia mittaava IFO-indeksi nousi
helmikuussa * Fedin avomarkkinakomitean pöytäkirja ei sisältänyt suuria
yllätyksiä * EURUSD heikkeni alimmilleen kuuteen viikkoon