Fed leaves rates unchanged, says U.S. economy strong (news: 09/11/18)

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Alpari Market Review
Alpari Market Review
Today’s press

Fed leaves rates unchanged, says U.S. economy strong

WASHINGTON (Reuters) – The U.S. Federal Reserve held interest rates steady on Thursday but remained on track to keep gradually tightening borrowing costs, as it pointed to a healthy economy that was marred only by a dip in the growth of business investment.

Italy stands by main pillars of budget as EU deadline nears

ROME/HELSINKI (Reuters) – Italy stood by the main pillars of its 2019 budget on Friday, as a deadline neared for it to change what Brussels called overly optimistic economic assumptions or face penalties for breaking EU fiscal rules.

UK economic growth hits two-year high but slowdown expected

The UK economy expanded at the fastest pace in two years during the third quarter, but has begun showing signs of a slowdown ahead of Brexit.

Dollar climbs toward 16-month high after hawkish Fed guidance

LONDON (Reuters) – The dollar rose toward a 16-month high on Friday after the U.S. Federal Reserve kept interest rates steady and reaffirmed its monetary tightening stance, cueing up investors for a rate hike in December.

U.S. Producer Prices Rise 0.6% in October

Investing.com – U.S. producer prices rose in October, according to data released on Friday.

Bitcoin Price Eyes $6.2K Amid Further Drop into Bear Territory

Bitcoin’s (BTC) reversal of the recent uptrend in prices is gathering pace and a drop into a bearish territory below $6,200 is now a possibility, technical charts indicate.

Next trading day’s important events

n/a (GMT+3)  CN – FDI – Foreign Direct Investment (YTD) (YoY) (Oct)

Forex quotes:

USDJPY: 113.77

EURUSD: 1.135

Indices:

S&P 500: 2783.17

NASDAQ: 7421.93

 

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