Stop Enabling Sex Traffickers Act: Tech Firms Push To Modify Senate Bill

Trading 08 mar 2018 Commentaire »
A number of major internet companies are making a final push to urge lawmakers to modify a proposed bill that would allow victims of human trafficking to sue websites that facilitate the crime, Axios reported.

WATCH: Mom Recalls ‘Absolute Fear’ Seeing Daughter Hang From Ski Lift

Trading 08 mar 2018 Commentaire »
The family of a young girl seen on video swaying from a ski lift Saturday morning at a resort in Big Bear Lake, California, recalled the incident Monday.  The occurrence, captured on another skier's cell phone, showed the moment before Sara, 5, fell several feet from a ski lift into a safety tarp held by resort staff, ABC News reported.

Judge Tells Trump To Mute, Not Block, On Twitter

Trading 08 mar 2018 Commentaire »
Donald Trump is not the first United States president to use Twitter, but his rate of activity, personal voice, and controversial statements on the social media platform will all help define his legacy after he leaves office. After all, it was a major news story when his account went down for 11 minutes.

Ring Of Honor’s Deonna Purrazzo Looks To Become First Women Of Honor Champion

Trading 08 mar 2018 Commentaire »
The world of professional wrestling has seen some major changes over the last few years. With the growing popularity of other promotions, there is more opportunity than ever—at least since WCW folded in 2002—for wrestlers to make a comfortable living outside of WWE. The pay-per-view model is dying a slow death with the introduction of the streaming services like the WWE Network, New Japan World and Ring of Honor’s Honor Club.

Why Did US Issue Travel Warning For Playa Del Carmen, Mexico?

Trading 08 mar 2018 Commentaire »
The U.S. Embassy in Mexico on Wednesday issued a travel alert barring government officials from visiting the Caribbean resort city of Playa del Carmen after last month's ferry explosion. The U.S. Consular Agency in Playa del Carmen in the state of in Quintana Roo will be "closed until further notice," the embassy said in a message posted to its official website. Additionally, "U.S. Government employees are prohibited from traveling to Playa del Carmen." The embassy said that it had received word of a "security threat" Wednesday but did not expound on the warning.

Treasury Announces Details Of Next Week's Long-Term Securities Auctions

Trading 08 mar 2018 Commentaire »

On Thursday, the Treasury Department announced the details of next week's auctions of three-year and ten-year notes and thirty-year bonds.

The Treasury said it plans to sell $28 billion worth of three-year notes and $21 billion worth of ten-year notes next Monday and $13 billion worth of thirty-year bonds next Tuesday.

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EIA: Nat Gas Supplies Fell Last Week

Trading 08 mar 2018 Commentaire »

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 57 billion cubic feet for the week ended March 2.

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Euro Slides After ECB Draghi's Warning Over Protectionism

Trading 08 mar 2018 Commentaire »

The euro weakened against its major counterparts in the European session on Thursday, as the European Central Bank President Mario Draghi expressed concerns over protectionism, saying that a trade war poses downside risk to the outlook.

In his customary press conference, Draghi said that an "increase in protectionism" and other global factors, such as the euro-exchange-rate trends, could pose risks to the euro area's growth.

"If you put tariffs against what are your allies, one wonders who the enemies are," Draghi remarked.

Meanwhile, Draghi asserted that Eurozone economic growth is projected to expand at a somewhat faster pace than previously expected in the near term.

The outlook for growth "confirms our confidence that inflation will converge towards our inflation aim of below, but close to, 2% over the medium term," he reiterated.

The ECB revised up its growth forecasts to 2.4 percent this year, from its previous forecast of 2.3 percent. For 2019 and 2020, it still expects growth to be 1.9 percent and 1.7 percent, respectively.

The ECB kept its main refi rate is currently at a record low zero percent and the deposit rate at -0.40 percent. The marginal lending facility rate is 0.25 percent.

The bank changed its forward guidance, omitting the mention of its stance that it will boost the asset purchases, should outlook worsens.

In economic news, figures from Destatis showed that Germany's factory orders declined more than expected in January.

New orders in manufacturing dropped 3.9 percent month-on-month in January, reversing a revised 3 percent rise in December. Orders were forecast fall moderately by 1.8 percent.

The currency fell against its major counterparts in the Asian session.

The euro dropped to a 2-day low of 1.2363 against the greenback, from an early near a 3-week high of 1.2446. The euro is poised to target support around the 1.22 mark.

The euro reversed from an early 1-1/2-month high of 1.1741 against the franc, easing to 1.1702. The euro may challenge support around the 1.16 mark.

Pulling away from an early 2-day high of 131.98 against the yen, the euro weakened to 131.03. The next possible support for the euro is seen around the 128.00 mark.

Data from the Cabinet Office showed that Japan's gross domestic product rose a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2017.

That exceeded expectations for an increase of 0.2 percent after last month's preliminary reading suggested a gain of 0.1 percent.

The 19-nation currency weakened to a 2-day low of 0.8907 against the pound, from an early high of 0.8957. Next likely support for the euro is seen around the 0.88 level.

Survey data from the Royal Institution of Chartered Surveyors showed that UK house prices stabilized in February and property coming to the market for sale declined.

The net house price balance fell to zero in February.

The euro eased back to 1.7009 against the kiwi, from an early near 3-month high of 1.7131. If the euro falls further, 1.68 is seen as its next support level.

The euro hit a 3-day low of 1.5933 against the loonie, off its early high of 1.6067. On the downside, 1.55 is seen as the next support level for the euro.

The single currency fell back to 1.5835 against the aussie, from an early high of 1.5941. This may be compared to a 2-day low of 1.5831 hit at 9:30 pm ET. The euro is seen finding support around the 1.57 mark.

Looking ahead, at 11:00 am ET, the Bank of Canada Governor Stephen Poloz speaks at the unveil of the new $10 bank note, in Halifax.

At 3:35 pm ET, the BOC Deputy Governor Timothy Lane speaks about the March interest rate decision at the Vancouver Board of Trade.

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NFL Trade Rumors: Seattle Seahawks Could Blow Up ‘Legion Of Boom’

Trading 08 mar 2018 Commentaire »
The vaunted Seattle Seahawks’ defense could look a lot different in the 2018 NFL season. Michael Bennett has already been traded to the Philadelphia Eagles, and the “Legion of Boom” might have played their last game together as a unit.

ECB's Draghi Says Decision To Drop Easing Bias Unanimous

Trading 08 mar 2018 Commentaire »

European Central Bank President Mario Draghi said on Thursday that the Governing Council's latest decision to drop the easing bias on asset purchases was taken unanimously.

Unusually vocal on global trade, Draghi said disputes must be discussed and solved in a multilateral framework, adding the warning that unilateral decisions were dangerous. The ECB Chief also noted that the immediate spillover of US import tariffs on foreign steel and aluminum are unlikely to be that big.

New information confirmed "the strong and broad-based growth momentum in the euro area economy, which is projected to expand in the near term at a somewhat faster pace than previously expected," Draghi said in the introductory statement for the post-decision press conference in Frankfurt.

Earlier on Thursday, the bank left its key interest rates and asset purchases unchanged and dropped the reference in the forward guidance to being ready to raise the size and duration of the stimulus if the macroeconomic outlook turned less favorable.

The euro strengthened on the news of the ECB dropping its easing bias on asset purchases.

Draghi pointed out that the easing bias in the forward guidance was introduced in 2016, when the ECB trimmed the size of its monthly purchases from EUR 80 billion to EUR 60 billion. So, dropping the easing bias is actually "backward-looking", he said.

The move was not totally unexpected as over the past few months as a divide in Governing Council had surfaced with some policymakers seeking such a tweak to the forward guidance language. In previous meetings, Draghi also said the bank would revisit its policy communication early this year.

Policy continues to remain reactive, and not proactive, Draghi told reporters. He also added that trade and financial deregulation were the two main risks today.

The latest ECB Staff projections, which Draghi unveiled during the press conference, showed an upgrade to the growth outlook for this year to 2.4 percent from 2.3 percent.

Projections for next year and 2020 were kept unchanged at 1.9 percent and 1.7 percent, respectively.

The inflation forecast for this year was maintained at 1.4 percent, while the outlook for next year was trimmed to 1.4 percent from 1.5 percent.

For 2020, the inflation forecast was raised to 1.7 percent from 1.5 percent.

The inflation rate has been away from the ECB's target of "below, but close to 2 percent" for sometime now.

"This outlook for growth confirms our confidence that inflation will converge towards our inflation aim...over the medium term," Draghi said.

However, measures of underlying inflation remain subdued and have yet to show convincing signs of a sustained upward trend, he added.

Policymakers were not yet ready to declare victory on inflation, Draghi said. "We need confidence, persistence and patience," he said.

"In this context, the Governing Council will continue to monitor developments in the exchange rate and financial conditions with regard to their possible implications for the inflation outlook," Draghi said.

"Overall, an ample degree of monetary stimulus remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the medium term."

Risks surrounding the euro area growth outlook are broadly balanced, though there were downside risks such as rising protectionism and exchange rate developments. Regarding the Latvian banking scandal, Draghi said the ECB did not have enough information on the matter and was sending a letter to the European Court of Justice seeking a clarification on whether the detention of the central bank governor Ilmar Rimsevics were in compliance to the ESCB statute.

Draghi also said that that current situation regarding the anti-money laundering is not satisfactory and sought more cooperation between national authorities themselves and with supervisors.

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