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EUROPE
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
UNITED STATES
The Fed Is Asking
Questions, Not Providing Answers – BB
Trump Did Something Good
This Week – BB
It's Hard to Ignore
Trump, But We Have to Try – BB
OTHER
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.
MARKETS
El-Erian: Good Reasons
to Dismiss Market Fears, For Now – BB
The good-looking ones
are always bad news – Kevin
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
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
REGULARS
Morning Report APAC – TF
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 Briefing – FT
Apple CEO slams Trump, peanut allergy progress, Walmart reports
WSJ City – WSJ
Sterling Could Hit Euro Parity, Fed Split Over Rates, How Fast Can Europe
Grow?
Danske Daily – Danske Bank
Eye-Opener – Nordea
FOMC worries about low inflation with some division in the committee - lower
USD rates after minutes * Quiet day ahead for data and events
Morning Markets – TF
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 Floor – TF
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 Playbook – Politico
Charlottesville fallout continues — Ireland’s Brexit problem — What is
Merkel’s favorite emoji?
US Playbook – Politico
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
S&P Futures, Euro, Stocks Fall After Fed's Low Inflation Warning
Frontrunning – ZH
FX Update – TF
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.
FINNISH
Aamukatsaus – Nordea
Fedin
pöytäkirja julkaistiin – eripuraa * Euroalueelta saadaan heinäkuun lopulliset
inflaatioluvut * Isosta-Britanniasta
julkaistaan heinäkuun vähittäismyynti
Kuohittu EKP ei
pärjää seuraavalle taantumalle – Nordea