The Traderszone Network

Awaiting confirmation from other sources, just CNN at this stage
– CNN reports he is replaced by Keith Kellog as acting National Security Adviser
USD/JPY dropping a little:

Michael Flynn resigns as national security adviser: Official

Michael Flynn abruptly resigned as President Donald Trump’s national security adviser Monday night, hours after it was learned that the Justice Department informed the White House that it believed he could be subject to blackmail, a senior White House source told NBC News.

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Authored by Mark St.Cyr,

For those not familiar, the reference is attributed to a scene from the movie “Margin Call” where John Tuld (Jeremy Irons) makes the sanguinary argument for dumping its portfolio of toxic holdings immediately against contradictory arguments that it’ll be seen as panicking by others with the line, “It’s not panicking if you’re first.”

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Federal Reserve Chair Janet Yellen speaks Tuesday US time.
This via eFX

The Asset Management Association of China has banned registration of private equity schemes for residential property investment in 16 cities
– where it says the market has overheated
(ps. this item is from Monday on Reuters)

The Justice Department warned the White House weeks ago that national security adviser Mike Flynn had made contacts with Russia and could be compromised, according to multiple news reports Monday.
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