Fed’s Powell says more U.S. regulation not always the answer (news: 05/10/17)

Today's press

  • NEW YORK (Reuters) – More rules and regulations are not always the best solution to problems in financial markets and U.S. government agencies must take a balanced approach to such decisions, an influential governor being considered to lead the Federal Reserve said on Thursday.

  • WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to get a clear picture of the labor market.

  • Spain’s constitutional court has suspended a Catalan parliament session planned for Monday in an attempt to block an expected declaration of independence by the Catalan president, Carles Puigdemont.

  • AUSTIN (Reuters) – Businesses, governments and other organizations should stop looking at job skills training as social welfare and see it instead as a path to better jobs, higher paying wages, and faster growth, a Federal Reserve policymaker said on Thursday.

  • LONDON/FRANKFURT (Reuters) – Some of the globe’s biggest banks have decided to rent more office space in Frankfurt, bolstering Germany’s financial hub after months of divorce talks between Britain and the EU have left London’s future more uncertain than ever.

  • The bitcoin-US dollar (BTC/USD) exchange rate is gaining altitude after the bearish Doji reversal seen earlier this week failed to keep the cryptocurrency below its 50-day moving average.

Next trading day's important events

  • 15:30 (GMT+3) US – Nonfarm Payrolls (Sep)
  • 15:30 (GMT+3) US – Unemployment Rate (Sep)
  • 15:30 (GMT+3) Canada – Unemployment Rate (Sep)

Forex quotes:

  • USDJPY: 112.60
  • EURUSD: 1.1727


  • S&P 500: 2542.78
  • NASDAQ: 6552.10

Source: Alpari

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