FOMC: "We believe that any taper tantrum angst is premature, however. Next week’s Fed meeting should make an explicit reference to a rate move in December but there seems to be less scope for aggressive tightening of US financial conditions given that the implied probability of a hike is already close to 75%. We doubt that there will be a sustained risk selloff either, especially if the non-farm payrolls and ISM data underpins the constructive outlook for the US economy and adds to the recent stream ...
Google and Facebook are blocked in China, but that hasn't stopped the American companies from partnering with Chinese companies to build a data connectivity across the Pacific Ocean. Google and Facebook will cooperate with Pacific Light Data Communication to jointly build a submarine cable with the speed of 120 Tbps per second to connect Los Angeles and Hong Kong. Pacific Light Data Communication is a fully-owned subsidiary of ...
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The Reading Prison was immortalized in Oscar Wilde's 1897 poem "The Ballad of Reading Gaol." Built in the mid 1800s, it remained operational until 2013. Beneath Gothic arches and metal walkways, a place of torment has been reclaimed as a place of creative ferment. In 1895, celebrated writer Oscar Wilde — author of The ...
USD/JPY Rally Vulnerable to Wait-and-See BoJ, 7 to 3 FOMC Split The FOMC's November interest rate decision may fuel the near-term rally in USD/JPY as the central bank appears to be following a similar path to 2015, but more of the same from the BoJ accompanied by another lackluster U.S. NFP report may undermine the recent advance in the exchange rate as it erodes the case for a further deviation in monetary policy. Dollar Traders: Election Speculation, Fed Decision and Risk Fears ...
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