On the economic side, the interest rate session of the Bank of England (BoE) is in focus. Retaining the current key rate of 0.75 percent is considered safe. From the US, construction spending and the ISM PMI for the industry are in the diaries. The company balance sheets remain in focus.
What are your opinions?
The United States Federal Reserve published on Wednesday the proposal for an overhaul in rules for banks, making the move after years of strict standards which critics said overburdened the system and reduced efficiency. The sector is set to be divided into four categories, with entities from the global list of systemically important banks (G-SIBs) remaining on top.
Is anyone else worried about this?
My first thought: The fed know that there is not much more runway left. The US can’t continue to pay their debts or raise enough taxes, or finance their bond repayments with increasing interest rates. So when the floor falls out of this thing, they will obviously not want to accept responsibility. They will, like any spineless corporate executive in a board meeting, look to point the finger somewhere else. So they are paving the way to allow banks to be irresponsible again, therefore allowing them a perfect opportunity to place the blame on the doorsteps of banks.
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01-11-2018 DAX Key Levels
|DAX KEY LEVELS|
|Value Area High||11480|
|Value Area Low||11440|
|Camarilla Breakout (Bull)||11482|
|Camarilla Breakout (Bear)||11365|
01-11-2018 DOW Key Levels
|DOW KEY LEVELS|
|Value Area High||25309|
|Value Area Low||25050|
|Camarilla Breakout (Bull)||25414|
|Camarilla Breakout (Bear)||24897|
01-11-2018 FTSE Key Levels
|FTSE KEY LEVELS|
|Value Area High||7153|
|Value Area Low||7132.5|
|Camarilla Breakout (Bull)||7143|
|Camarilla Breakout (Bear)||7075|
01-11-2018 STOXX Key Levels
|EuroStoxx KEY LEVELS|
|Value Area High||3206|
|Value Area Low||3195|
|Camarilla Breakout (Bull)||3205|
|Camarilla Breakout (Bear)||3173|