Daily Morning Report 17.09.2015 from Traders-Trust

[jonesryan992]

The yen held flat to weaker on Thursday as trade data showed a fifth straight monthly deficit while the New Zealand dolalr eased on GDP as markets across the region braced for whether the Federal Reserve will hike interest rates. USD/JPY changed hands at 120.55, flat, while NZD/USD traded at 0.6347, down 0.29. AUD/USD traded at 0.7194, down 0.04%. In New Zealand, second quarter GDP data rose 0.4% quarter-on-quarter, below the 0.5% gain seen, but meeting expectations of a year-on-year increase.
Looking ahead, the recent rebound in dairy prices would be supportive of growth but this could be offset by drought risks. Overall it doesn't change expectation for further easing in the official cash rate by the Reserve Bank of New Zealand. In Japan, August trade data showed a deficit of ¥57.0 billion, compared to a deficit of ¥54.1 billion seen for a fifth straight monthly deficit, while imports fell 3.1%, more than the 2.2% drop seen and exports rose 3.1%, less that the 4.0% gain seen.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.02% at 95.49. Overnight, the dollar pushed lower against the other major currencies on Wednesday, after data showed that U.S. inflation ticked lower last month and as investors awaited the Federal Reserve's highly-anticipated policy statement due on Thursday. The Commerce Department said consumer prices edged down by 0.1% last month, in line with forecasts following a 0.1% increase in July. Consumer prices inched up 0.2% on a year-over-year basis, in line with expectations.
Core consumer prices, which exclude volatile food and energy costs, increased by 0.1%, also in line with the consensus forecast and was 0.2% higher from the same month a year earlier. Investors remained cautious amid uncertainty over whether the Fed would hike short term interest rates for the first time in almost a decade on Thursday. An increase in interest rates would boost the greenback by making it more attractive to yield-seeking investors. Fed Chair Janet Yellen has said that an interest rate increase is data dependent but has also indicated that she expects to begin raising rates before the end of the year.

 

[tomorton]

Followed the link to your website and saw you are based in Cyprus but registered with FCA here in the UK.

Copied & pasted the company name into the FCA search box and found a warning at http://www.fca.org.uk/news/warnings/traders-trust-capital-markets-ltd-clone that your firm has been cloned by fraudsters. The FCA give details of the real TTCM Traders Trust Capital Markets Ltd but the details are different from those on your website,

Care to say more?

 

[jonesryan992]

Daily Morning Report 18.09.2015 from Traders-Trust

Central banks in Japan and Australia had their own comments on the global economy on Friday that boosted the Aussie and the yen after the Federal Reserve cited it as a reason to hold rates steady overnight. USD/JPY changed hands at 119.17, down 0.19%, while AUD/USD traded at 0.7185, up 0.14%. EUR/USD traded at 1.1408, down 0.24%. Some Bank of Japan board members suggested that higher government spending is a key variable in lifting price expectations, according to the minutes of the August meeting released on Friday. The minutes noted the certain job categories are commanding higher wages, but that the slowdown in China has weighed on exports and a drag on economic prospects. As well, the central bank said weak oil prices continue to have a strong effect on the inflation goal. In its most recent review, the BoJ kept policy steady and its asset buying program at ¥80 trillion annually. Elsewhere, monetary policy is supporting economic growth and the weaker Australian dollar is helping, Reserve Bank of Australia Governor Glenn Stevens said on Friday.
"Monetary policy is seeking to support this transition, something it can do because inflation remains low. Very low interest rates, coupled with financial institutions wanting to lend, have played a part in the improvement in conditions in some sectors," Stevens said. Stevens made the remarks in comments before the House of Representatives Standing Committee on Economics. He added that China remains a question mark as its economy continues to moderate and the global economic outlook remains complex. The U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, rose 0.08% to 94.70. Overnight, citing the negative effects of global economic weakness on U.S. inflation, the FOMC voted to leave its benchmark Federal Funds Rate at its current level between zero and 0.25% on Thursday.
Nearly a decade has passed since the U.S. central bank has last raised short-term rates. "Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term," the FOMC said in a statement. Adopting a relatively dovish stance, Fed chair Janet Yellen said the U.S. central bank will begin monetary policy normalization when it has seen "further improvement in the labor market," and it is "reasonably confident" that inflation is moving toward its targeted goal of 2%. Yellen also noted that large drags from falling energy and import prices should dissipate in the near future allowing long-term inflation to move back toward its long-term target. Still, the Fed downgraded its median inflation forecasts at the meeting to 0.3% for the end of 2015, while lowering inflation expectations for the end of next year to 1.7%.
The Fed now expects that inflation will not reach its 2.0% target until 2018. The Fed also lowered its median forecasts for the Fed Funds Rate for the end of the year to 0.4%, from previous estimates of 0.6%. A bevy of short-term rates such as debt for credit card holders are pegged to the benchmark, which banks use to lend to other institutions on overnight loans. The Fed also lowered its rate forecasts for 2016 and 2017 to 1.7 and 1.9% respectively, representing a decline of 0.1% for each year. In addition, the FOMC said four of its members do not see a rate hike occurring in 2015, up from two in June. One member of the FOMC, Richmond Fed president Jeffrey Lacker, dissented, recommending a 0.25% interest rate hike at the meeting.
Read More at the site of Traders-Trust