EUR/USD
1.08821
-0.004%
Gold
2991.69
0.259%
Oil
67.406
0.777%
USD/JPY
148.672
0.019%
GBP/USD
1.29323
-0.021%
GBP/JPY
192.269
-0.003%
Real-time News
The mayor of Kiev, Ukraine, said that Russia launched an air strike on Kyiv.On March 17, the spokesperson of the Ministry of Foreign Affairs of North Korea issued a statement on March 16, local time, condemning the discussion of North Koreas "abandonment of nuclear weapons" by the United States and other Western countries at the G7 Foreign Ministers Meeting held in Canada recently. The spokesperson said that the United States and other Western countries have made irresponsible remarks on North Koreas exercise of sovereignty, carried out political provocations, and discussed North Koreas "abandonment of nuclear weapons". The Ministry of Foreign Affairs of North Korea expressed serious concern about this and made it clear that North Korea will never tolerate any infringement on North Koreas sovereignty and internal affairs.March 17th, Wall Street strategists will be watching closely for any hints that the Federal Reserve plans to pause or further slow the pace of shrinking its balance sheet. The minutes of the January meeting showed that policymakers discussed the potential need to pause or slow the pace of shrinking the balance sheet until lawmakers reach an agreement on the government debt ceiling. Blake Gwynne, head of U.S. interest rate strategy at Royal Bank of Canada, said: "Since the Fed has talked about this issue, why not just do it? Because they can pause quantitative tightening and then restart it."March 17th, Federal Reserve Chairman Powell faces a tricky task this week, both to assure investors that the economy remains on solid footing and to convey that policymakers are ready to intervene if necessary. Powell touted the resilience of the U.S. economy at a time when Trumps rapid escalation of the trade war has stoked unease and caused U.S. stocks to fall sharply over the past month. Consumer confidence is falling and bond yields are falling as concerns about the economic outlook grow. "Powell needs to send some kind of signal that they are paying attention to (the stock market)," said Dominic Constam, head of U.S. macro strategy at Mizuho Securities. He warned that while Powell may make it clear that officials will not target the stock market, they cannot ignore the recent decline.German Geoscience Research Center GFZ: A 5.51-magnitude earthquake occurred in the Chile-Argentina border area.
