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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

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AUDUSD TECHS

Slide Accelerates

LATAM

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EURJPY TECHS

Still Looking For Weakness

FED
FED: Q&A begins:
Q: Policy now accommodative enough? What kind of change in economy would cause
to reassess?
- A: Appropriate as long as incoming info about the economy remains consistent
with our expectations. Household sector strong, resilient. Manufacturing weaker.
Outlook is for more of the same (moderate growth, inflation moving to 2%, etc).
Risks to outlook have moved in a more positive direction. Policy in a good
position for outlook described. If factors cause a material reassessment of our
outlook, we would act accordingly.
Q: Risks moving to a positive direction? Can you Clarify?
- A: Risks we have been monitoring are global growth, trade developments. Phase
1 deal with China, could bode well for business confidence and perhaps activity.
It appears the risk of a no-deal Brexit has declined. Plenty of risks left, but
have subsided. Business investment has been weak, broad across equipment and
other parts of fixed investment, consistent with what we've seen - but that's
the economy we've had this year, with consumer driving growth.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com