The Traderszone Network

On the heels of San Franciso Fed Governor John Williams’ warning  that The Fed “doesn’t want there to be excesses in financial markets… “ Janet Yellen has reiterated her concerns that markets are a bit toppy…

Market valuations “are at high level in historical terms” when assessed on metrics akin to price-earnings ratios, warned Fed Chair Janet Yellen in response to a question on an IMF panel in Washington, but was careful to add that “overall financial stability risks in the U.S. remain moderate.”

read more

Weekend moves from Iraqi military – advancing in a major operation to enter Kirkuk city and take control of a Kurdish military base and oil fields

AFP have an update here:

Friday’s RMB index rate set by CFETS at 95.00 (29 Sep. the prior setting, at 94.36)
In Open Market Operations the People’s Bank of China
– to inject 20 bn yuan via 7 day reverse repos
Injection matches today’s maturities

Emerging markets should get their fiscal houses in order while monetary conditions remain loose, the International Monetary Fund warned.

In a major escalation involving the disputed Iraqi Kurdish region, which last month declared independence following a referendum which was not recognized by any of its neighbors or Baghdad (in fact, only Israel has supported the legitimacy of the Kurdish referendum to date) Iraqi state media reported that on Monday morning Iraqi federal troops entered territories occupied by the nation’s Kurds, with the read more

China is releasing inflation data on Monday morning ahead of a key leadership meeting in Beijing later this week.

U.S.

read more