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Thursday, August 17

17th Aug - Weak charts -> weak prices

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ECB keeps wary eye on the euro – ABN AMRO
Annual inflation stable at 1.3% in the euro area – Eurostat
Euro weaker after ECB minutes reveal concerns about "euro overshooting" – ZH

The Fed Is Asking Questions, Not Providing Answers – BB
Trump Did Something Good This WeekBB
It's Hard to Ignore Trump, But We Have to Try – BB

El-Erian: The Lost Lesson of the Financial Crisis Project Syndicate
When the global financial crisis began ten years ago this month, policymakers in advanced economies treated it as a cyclical shock rather than an epochal event. Because they misdiagnosed the sickness, they administered the wrong medicine, and advanced economies have struggled to achieve strong, inclusive growth ever since.

El-Erian: Good Reasons to Dismiss Market Fears, For Now – BB
The good-looking ones are always bad newsKevin Muir
Trump's Dollar Sending Some Worrisome Signals – BB
Renaissance’s Medallion Made a Stunning Shift After Trump’s Election – BB
Algorithmic and Quantitative Trading Online Videos – Mathfinance
Markets Exaggerate, That is what They Do – Marc Chandler
Markets Roiled as Tension Mounts Over Trump Stance – BB

Morning Report APACTF
The minutes of the FOMC meeting were seen as dovish and lowered expectations of a Fed rate hike. That impacted forex markets and precious metals.

FirstFT Daily BriefingFT
Apple CEO slams Trump, peanut allergy progress, Walmart reports

Sterling Could Hit Euro Parity, Fed Split Over Rates, How Fast Can Europe Grow?

Danske DailyDanske Bank

FOMC worries about low inflation with some division in the committee - lower USD rates after minutes * Quiet day ahead for data and events

Morning MarketsTF
US corporations may favour lower taxes and an easing of their regulatory burdens but not at the expense of civil unrest and resurgent nationalism. The US president's current isolation following last weekend's far-right protests in Virginia are weighing on USD and Treasuries.

From the FloorTF
Dovishness in the minutes of the Fed's July policy meeting softened the US dollar, and gold is climbing back towards a test of key resistance partly on 'stranger and stranger' developments in Washington.

Daily Market Comment Marc Chandler
Euro Softens on Crosses, Treasuries Stabilize

Brussels PlaybookPolitico
Charlottesville fallout continues — Ireland’s Brexit problem — What is Merkel’s favorite emoji?

US PlaybookPolitico

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

S&P Futures, Euro, Stocks Fall After Fed's Low Inflation Warning


FX UpdateTF
The FOMC minutes provided no new fodder for the squeeze on USD shorts and the dollar weakened again. Today it’s doubtful that ECB meeting minutes will offer much for euro bulls either.

Fedin pöytäkirja julkaistiin – eripuraa * Euroalueelta saadaan heinäkuun lopulliset inflaatioluvut  * Isosta-Britanniasta julkaistaan heinäkuun vähittäismyynti

Kuohittu EKP ei pärjää seuraavalle taantumalle – Nordea