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    Daily Report – Monday 12th November

    THE DAILY REPORT
    THE DAILY REPORT
     

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    RISK EVENTS (AEDT)

    There are a couple of notable risk events for today Monday 12th November 2018. Please refer to economic calendar below.

    Major Bloomberg & Reuters News

    Bloomberg

    Fed Eyes Australia in Search for Holy Grail of Economic Growth

    Federal Reserve officials are looking to Australia’s record run of economic growth for hope that a U.S. recession may not be inevitable.

    But have policy makers Down Under really mastered the business cycle? While their economy has entered its 27th year of expansion, it’s been assisted by a commodities boom, the world’s biggest immigration program, a run up in household debt and a particularly stringent definition of what actually constitutes a recession.

    Reuters

    Oil pucks and pellets; Canada eyes new ways to move stranded crude

    Pipeline pressure has pushed more crude onto trains owned by Canadian National Railway Co  and smaller rival Canadian Pacific Railway Limited. But crude movement by rail is costly and prone to spills and sometimes disastrous accidents, such as the 2013 derailment at Lac Megantic, Quebec that killed dozens of people.

    Enter CN’s patented Canapux product, which is solidified crude encased in plastic, named to evoke the country’s most popular sport, hockey. The railroad argues that solid crude, never before commercially shipped in the world, can be transported more cheaply, efficiently and with less environmental risk than liquid crude in tank cars. Since it floats, Canapux is easier to recover from a spill into a water body.Interest from crude producers, buyers and transport companies picked up after a Canadian court in August overturned Ottawa’s approval for the Trans Mountain oil pipeline expansion, said James Cairns, CN’s vice-president of petroleum and chemicals.

    ECONOMIC ANNOUNCEMENTS  


    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please refer to our website www.forexct.com.au for a copy of our PDS & FSG. Forex Capital Trading Pty Ltd (“ForexCT”) provides general advice that does not take into account your objectives, financial situation or needs. The contents of this newsletter do not take into account the personal circumstances of any individual investor. Investors do not own or have rights to underlying assets. ForexCT is regulated by ASIC (AFSL 306400, ABN 69 119 086 270). ForexCT’s AFS license and Australian regulation only applies to the financial services being offered in Australia only.

    ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any information in this newsletter. Any person acting on the information in this newsletter does so entirely at their own risk. Any analysis, opinion, commentary or research in this newsletter is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell any financial product or instrument.  You should always seek independent financial advice.

    The trade signals above reflect Trading Central's judgement as at the time the information was prepared under the Terms and Conditions set by Trading Central. ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any trade setup, statement, opinion or omission.

    Posted: November 12, 2018 | 1:27 AM