The Fed secretly targets bearish market?

Although it is independent, the Fed may secretly want to cause a "bearish market", or a drop in stock markets, which is a hit in the back for the President Trump. Trump does not stop tweeting about the new index records that make Americans richer.
According to Peter Schiff, CEO of Euro Pacific Capital, Yellen's support for the markets may disappear during Trump's term.
"I do not know if the Fed has a lot of love for President Trump," Schiff said, adding that the Fed supported the stock markets during Obama's two mandates.
"Perhaps the Fed will be glad to see a bearish market, which is likely to fall on Trump," said Schiff, according to which the market can easily make a correction by 20%.
As one of the "black swans" that could initiate such a correction, Schiff points to a dent in the euphoria associated with the new president, who helped launch the indexes to new records.
With respect to the two consecutive quarters of growth in US companies with double digits, Schiff pointed to the difficulties in the profits of US retail chains.
Of course, all investor glances will be focused on consequences of Fed's decision, made this week and commentary on the Federal Reserve regarding its future policy. The latter will most likely have a strong impact on the financial markets and will give more clarity to investors, what to expect in the months to the end of the year.

Properties in the UK with the weakest growth in five years

Property prices in the UK have seen their slightest rally in more than five years this month, after the decline in property prices in London perailed over the whole asset.
Selling property prices rose by 1.1% yoy, according to statistics by Rightmove Plc. By comparison, in August the increase was 3.1% on an annual basis.
Market observers comment that the data is surprising, given the fact that traditionally in autumn there is an increase in buyers of real estate after the holiday season.
The data is worrying and may indicate a slowdown in both the growth of the British economy and inflation.
BREXIT hit the London property market hardest, as a result of strong outflows of potential foreign buyers. Selling property prices declined by 3.2% yoy, or at most during this decade.
A drop of more than 10% has recorded in the prices of the most expensive properties in the prestigious neighborhoods of London.

Crypto-currencies consolidate

The bitcoin, the ethereum and the other crypto-currencies are stabilizing after their mass sales earlier this month. Now the question is - what will this consolidation be followed - with a recovery of the fall, or with a test of the recent peaks?
The strikes for crypto-lows this month were from several directions. China first declared ICOs illegal and made investors return the newly bought new coins. The country then banned local crypto-exchanges.
There were a couple of strikes from experts like Jamie Dimon, who announced the bitcoin a fraud and financial balloon and from Mohamed El-Erian, with the view that the bitcoin could lose a third of its value.
The latter were joined by Ray Dalio, the head of the largest hedge fund in the world, commenting that the bitcoin was a bubble, according to the internal rules of the institution he was managing.
Still, the bitcoin and the ethereum stopped with their fall. The bitcoin lost 30% of its value, or in accordance to El-Erian's forecasts.
Last Friday, the bitcoin dropped momentarily to $2,951, but eventually returned much of the lost. Still, the digital currency is traded below the psychological limit of $3,000.
Many investors believe that what is happening at the moment is very similar to what happened in August, when the bitcoin lost 34% of its value as a result of the "difficult fork" that led to the appearance of a bitcoin cash.
Subsequently, however, the currency recovered everything lost and rose to a new historic peak. Will it happen again soon? This is about to see...

The Japanese bank kept interest rates, the yen with a two-month bottom

The yen fell sharply against the dollar after the Japanese central bank kept the interest rate and the volume of its asset redemption program unchanged.
This happened contrary to the comments that came after the Fed meeting yesterday and pointing to another raise in interest rates by the end of this year.
The decision of the Japanese central bank did not surprise the market, with all experts, which gave their forecasts for Bloomberg, were expecting such a solution.
The Asian indices traded mixed, with the Japanese ones rising, backed by the yen's depreciation. Earlier this morning the dollar was traded for 112.42 yen, the highest level since nearly two months.

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The pound has stabilized after better sales data

The pound continued its appreciation against the euro after better-than-expected retail sales in the UK in July.
The British pound cut off its five-day drop against the single currency after it became clear that retail sales rose by 0.3% on a monthly basis, against an expected 0.2% growth.
The results become a reality day after it became clear that Britain's unemployment rate has fallen to its lowest level since 1975, and salaries has seen higher than expected growth.
The euro fell by 0.2% against the pound to 0.9109 after adding 0.9% over the previous five days to Wednesday.
Meanwhile, the pound has stabilized against the dollar as well, trading at 1.2890 levels after having previously reached the lowest values of 1.2842 or levels unseen since July 12.

The euro falls after ECB meeting

The euro has fallen, along with European indexes since the last ECB meeting. It has been expressed by officials that the euro may be too "hot". US dollar futures fell and the dollar rose.
The index, tracking the performance of the major European companies - the Stoxx Europe 600 Index momentarily changed its direction of decline, but subsequently reverted to a negative territory.
Some market observers think the ECB may postpone its plans to end monetary stimulus and normalize its interest rate policy beyond September.
At this stage, the market predicts that this will happen at the forthcoming meeting in September. It was these expectations, which also triggered the strong growth of the euro against the dollar and other major currencies.

Same with the leading US indices

US stocks rose, and DOW Jones gravitated around the 22,000 psychological level, with technology and finance companies leading the market upward after weakening tensions between the US and North Korea.
Dow Jones Industrial Average added 144 points to its value to 22002 while the main push came from Goldman Sachs Group (+ 1.56%) and Visa Inc (+ 1.78%). For the index, the day ended at 21993.71 or by +0.62%.
The S&P 500 increased by about 1% to 2465.84 or around 24 points. All 11 sectors increased. The biggest ones were in tech stocks.
The Nasdaq Composite Index advanced by 81 points or around 1.3% to close at 6340.23.

The leading European indices on green territory

Stock exchanges in Europe began to grow as the geopolitical tensions between the US and North Korea weakened and so the markets were entirely focused on the performance of the companies on the old continent.
The pan-European Stoxx 600 rose by 1.08%, with all sectors closing the day on positive territory. The best performing sector was the bank's, which rose by 1.4% after the merger of Standard Life and Aberdeen Asset Management.
DAX30 recorded a growth of 1.26% to 12165.12 points, and the British FTSE100 ended the session at 7353.89 points, with an increase of 0.60%. Shares of French companies also rose, with Danone's shares rising by 1.5 percent on the back of information that the company could be acquired. This led to a rise in the main French index CAC40 by 1.20% to 5121.67 points.

The bitcoin cracks $4,000

Apparently, nothing can stop the cost of the bitcoin. The cryptocurrency has overcome the psychological limit of $4,000 and is trading early Monday at about $4,050.
The digital currency reached the highest value of $4,125.17 on Monday, or an increase of 15% compared to Friday's levels. Optimism became a reality after the decision to move on to faster transactions by shifting some of the core network information and moving to the so-called SegWit2x standard.
This happens after separation of units - the bitcoin and the bitcoin cash, two weeks ago.
Since the beginning of the year, the bitcoin has risen by over 300%. However, this did not remove the fears of some suspicions that slow money-trading may be a major problem for the future of the currency.