The Traderszone Network

China’s economic growth is expected to fall below 7 percent for the first time since the global financial crisis in the third quarter, putting pressure on policymakers to roll out more support measures as fears of a sharper slowdown spook investors. The CICC expects the central bank to deliver another 25-basis point (bps) cut in interest rates and two cuts in bank reserve ratios totaling 100 bps by year-end.

The U.S. inquiries are at the information-gathering stage, and there is no suggestion of wrongdoing by Goldman Sachs, the paper reported, citing people familiar with the matter. Investigators “have yet to determine if the matter will become a focus of any investigations into the 1MDB scandal,” the Journal quoted a spokeswoman for the FBI as saying. Goldman Sachs Singapore office did not immediately respond to a request seeking comment.

Currently on session highs at 0.7263. Offers nearby
Offers:
 0.7280-85 0.7300 0.7320 0.7350 0.7375 0.7400 0.7425 0.7450
Bids: 
0.7240 0.7220 0.7200 0.7185 0.7150 0.7130 0.7100

Currently 136.53 just off session highs with demand in the dips but offers into 137.00. Deja vu.
Offers
136.75 137.00 137.25 137.50 137.80 138.00 138.30 138.50
Bids: 

Currently 119.57 finding demand in the dips on cross plays
Offers:
119.80-85 120.00 120.20 120.35
120.50 120.65 120.85 
121.00
Bids:
119.45-50 119.25 119.10 119.00 118.85 118.50 118.30 118.00

Quantitative easing was supposed to boost European equities and weaken the euro in an effort to boost eurozone growth.

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So says ECB’s Yves Mersch speaking to The Asian Banker
“In the end we have one mandate for the euro area. The ECB’s Governing
Council is determined to fulfil this mandate, which is to have inflation
close to 2% in the medium term.