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FX Daily, February 21: Markets Mark Time

FX Daily, February 21: Markets Mark Time
Author: Marc Chandler
Categories: FX Trends

The economic data stream is picking up, but there is an uneasy calm in the markets. It is almost as if the dramatic drop in stocks has left many with a sense of incompleteness, like waiting for another shoe to drop. The price action has not clarified the situation very much. The equity markets are stalling in front of important chart points as are yields and the dollar.

Great Graphic: S&P 500 vs Euro Stoxx 600 and Exchange Rates

SPX Index, Nov 2016 - Feb 2018
Author: Marc Chandler
Categories: FX Trends

Today is an important day for equities. After a sharp sell-off earlier this month, stocks staged a recovery last week. The recovery has stalled near retracement objectives, which could be a potential turning point in the market. The Dow Jones Stoxx 600 peaked on January 23 and dropped about 9% through February 9. Through yesterday, it recovered 38.2% of its decline, poking a little above 381.00.

Cool Video: Bloomberg Interview-Rates, Dollar, and Equites

Bloomberg Tv
Author: Marc Chandler
Categories: FX Trends

In large gatherings of people, from airplanes to theater to conferences, we are often told to know the closest exit. The same is true for investing. No matter one's confidence when they buy a security, someone is just as convinced on the other side who is selling the security. Well into this 4.5-minute interview (click here for the link) on Bloomberg's "What'd You Miss" show, Lisa Abramowicz asks the always important question. How will I know I am wrong?

Vaud – vote on divisive dental tax and care plan

Vaud – vote on divisive dental tax and care plan
Author: Le News
Categories: Personal Finance, Swiss Markets and News

On 4 March 2018, voters in Vaud will vote on a plan to provide basic universal dental care funded by a tax on salaries. The initiative entitled: Reimbursement of dental care, Pour le remboursement des soins dentaires in French, claims that 10% of the population avoid the dentist because of the cost. They also claim links between poor dental health and cancer, diabetes and premature births. Their plan envisages the creation of a network of polyclinics that would provide basic dental care, but not orthodontics, crowns or dental implants.

Swiss financial watchdog publishes ICO guidelines

Swiss financial watchdog publishes ICO guidelines
Author: Swissinfo
Categories: Swiss Markets and News

The Swiss financial watchdog has published guidelines on digital currency fundraisers - known as initial coin offerings - under which it will regulate some ICOs, either under anti-money laundering laws or as securities. The Financial Market Supervisory Authority (FINMA) says the guidelines “also define the information FINMA requires to deal with such enquiries and the principles upon which it will base its responses,” according to a press releaseexternal link posted on its website on Friday.

US-China Trade War Escalates As Further Measures Are Taken

US China
Author: Jan Skoyles
Categories: GoldCore

US-China Trade War Escalates As Further Measures Are Taken. Trade war between two superpowers continues to escalate. White House likely to impose steep tariffs on aluminium and steel imports on ‘national security grounds’. US may impose global tariff of at least 24% on imports of steel and 7.7% on aluminium. China “will certainly take necessary measures to protect our legitimate rights.”