Dollar trades sideways as investors await Fed's policy signals

Investor Signposts Week Beginning September 18 2017

But telecoms stocks.SX7P rose as much as 0.9 percent to their highest level in almost four weeks after CNBC reported that USA wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) were in active merger talks.

In Europe, the Stoxx 600 Index ended Friday with a slide of 0.3 percent from the previous day's close.

Analysts said the market will also be looking for clues of whether the Fed will raise rates in December. The Dow gained 63.01 points, or 0.3 percent, to 22,331.35.

Minutes from recent Fed meetings have shown a growing split, with some policymakers saying there is no urgency to raise rates after a drop in inflation, and others arguing the USA economy is strong enough to continue "normalizing" monetary policy.

The biggest gainers on the big board in trading on Monday were financials pushing the index to a record high.

Investors will be keeping a close watch on the United States central bank as policymakers have to deal with the fallout from hurricanes Harvey and Irma, which hammered the country and are expected to hit economic growth.

The financial markets will also sift through the "dot plot" representing Fed policymakers' rate projections for any hints of a rate hike in December.

Watch Jennifer Garner sob about Hamilton while on laughing gas
But no one seems to have been as affected by exactly like Jennifer Garner was. "I couldn't stop", Jennifer said in the clip. Lin-Manuel Miranda 's Tony-winning musical Hamilton has moved millions of fans since its debut on Broadway in August 2015.

Google set to unveil new Pixel phones next month
However, more recent rumors suggest the new Pixel phones would run Snapdragon 835 because the SD836 has apparently been delayed. There is a lot of hype surrounding Google's new Pixel handsets now that all of their major rivals have already been announced.

Olive Garden's $100 Pasta Pass to go on sale Thursday
The 22,000 regular passes on sale Thursday let people eat as much pasta as they want for eight weeks for $100. Olive Garden's Never Ending Pasta Pass is back, and you might get a trip to Italy as an added bonus.

According to government sources, Abe is considering calling elections in mid-October or after Trump's visit in November to take advantage of his party's leading position against the opposition party.

"It's just a restless market before the Fed", said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

Financial stocks benefited from a rising U.S. Treasury yields, with the yield on benchmark 10-year notes at 2.222 percent. The oil refineries in the Gulf of Mexico are restoring their activities after Harvey and Irma hit the hurricanes in the last few weeks.

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was down 0.20% at 91.44 by 05:15 a.m. ET (09:15 GMT), the lowest since September 11.

"With the latest missile test we really didn't see much of a market footprint at all", Todd Elmer, Citigroup's head of G10 forex strategy for Asia ex-Japan, told Bloomberg Television.

In commodities, oil prices rose after Iraq's oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in USA inventories. American Airlines Group rose 87 cents, or 2 percent, to $45.25. Brent crude slipped 0.1 percent to $55.42, not far from an nearly five-month high of $55.99 marked on Thursday.

A threat by US President Donald Trump to "totally destroy" North Korea also helped to push the dollar lower while stimulating demand for gold, seen as a safe investment in times of uncertainty.

Related news:

Hot News

isis-killer-beheading-video-story-top Taco Bell plans to open 300+ stores without drive-thrus
Sep 21, 2017 - 00:11
Taco Bell will reportedly open between 300 and 350 locations in big cities like Detroit, Pittsburgh, Nashville and NY . In its latest plan, it intends to do away with drive-thrus and serve alcohol in big-city locales.

isis-killer-beheading-video-story-top Cereal maker Post buying Bob Evans Farms in $1.53B deal
Sep 20, 2017 - 00:33
Following the completion of the sale, the senior vice president now owns 4,367 shares in the company, valued at $308,746.90. Pennsylvania-based Susquehanna Group Limited Liability Partnership has invested 0% in Bob Evans Farms Inc (NASDAQ: BOBE ).

isis-killer-beheading-video-story-top Mark Hamill may have revealed when The Last Jedi trailer is coming
Sep 20, 2017 - 00:32
But now Making Star Wars Net have noticed what appears to be a quickly covered up leak by The Last Jedi's Mark Hamill . And Disney would also be doing the trailer's release on one of the most high profile and watched programs of the week.

isis-killer-beheading-video-story-top Kyrie Irving drilled about LeBron James in new interview
Sep 19, 2017 - 00:38
It wasn't me not wanting to win. "That was the only intent I have in all of this". Smith: "If you don't speak to somebody about that they might take it personally".

isis-killer-beheading-video-story-top Rohingya influx in Bangladesh now 409000: IOM
Sep 18, 2017 - 00:21
Without offering proof, Myanmar has contended that Rohingya insurgents and departing villagers destroyed their own villages. Dhaka has also protested Myanmar's branding of the Rohingya people as "Bengalis" - the main ethnic people in Bangladesh.

isis-killer-beheading-video-story-top Pochettino reveals Harry Kane's goal that saved his job
Sep 17, 2017 - 00:32
There's probably nothing in it, but people will continue to talk about the Wembley hoodoo until they win a meaningful game there. Messi and Ronaldo had both scored more goals by the time they had reached Kane's age, although they had played more games.

isis-killer-beheading-video-story-top Trump adviser says military option not preferred for NKorea
Sep 17, 2017 - 00:28
North Korea on Friday fired a missile which flew over Japan, but resulted in Japanese citizens being told to take cover. The increasing levels of sanctions are expected to cut off 90 percent of North Korea's trade.

isis-killer-beheading-video-story-top LSU Police investigating possible hazing death
Sep 16, 2017 - 00:37
Maxwell Gruver, a Phi Delta Theta fraternity pledge, died Thursday, LSU Media Relations said. Alexander offered his "deepest sympathies and prayers" to the student's family and friends.

isis-killer-beheading-video-story-top Google could make a billion-dollar bet on Uber's biggest competitor
Sep 16, 2017 - 00:32
Google was an early investor in Uber , but the companies are now engaged in a hard-fought lawsuit over trade secrets . The investment, which hasn't been finalized, could be as much as $1 billion, according to Bloomberg .

isis-killer-beheading-video-story-top Ben ready to take on Cleveland to open regular season
Sep 15, 2017 - 00:18
Garrett has had foot issues dating back to his stint at Texas A&M , suffering a high ankle sprain during his final college season. He gashed them for 152 yards the last time these teams faced on New Year's Day and he averaged 4.8 yards per carry last season.

isis-killer-beheading-video-story-top Record number of terrorism arrests made in United Kingdom in past year
Sep 15, 2017 - 00:17
The Home Office said that 91 per cent of those in jail were Islamic extremists while five per cent were far-right extremists. Of those arrested, 50% were eventually released without charge, while 105 people were charged with terror-related offences.

isis-killer-beheading-video-story-top Minecraft: New 3DS Edition Available for Download Right Now
Sep 15, 2017 - 00:17
Nintendo today announced a surprise launch of Minecraft for the 3DS handheld during one of its Nintendo Direct live streams . If you simply like to explore the beauty of the world and make creative constructions, choose Creative mode.

isis-killer-beheading-video-story-top Oil hits $50 as it nears the August high. A few questions
Sep 15, 2017 - 00:15
East Coast total motor gasoline inventories in the week ending September 1, 2017 fell by 2.2 million barrels, or 3.5%, compared with the previous week.

isis-killer-beheading-video-story-top Appalachian Power sending hundreds to Florida, Georgia
Sep 14, 2017 - 00:41
Locations without power have been flagged to the state to help utilities prioritize their work, the group said in a statement. Eric Silagy, the CEO of Florida Power & Light, said Irma caused the most widespread damage in the company's history.

isis-killer-beheading-video-story-top Volkswagen Group to offer electric versions of every model by 2030
Sep 14, 2017 - 00:38
Unlike Volvo, which already pledged to only sell cars with electric motors from 2019, VW isn't putting ICE on ice just yet. The declared aim is for everyone of VW's roughly 300 models to be globally available in an electric version by that date.