Muted Reactions to US Government Shut Down, Big Week for Yen and Euro Market reactions to the US government shutdown is rather muted. Dollar is trading generally lower today but is held within Friday's range. Asian markets are pretty steady with Nikkei trading down just -0.14% at the time of writing. The Senate was in session yesterday but failed to deliver any breakthrough. The shutdown is extending into its third day and there is no sign of a resolution in the Senate yet. A procedural vote is expected at noon today. But there are unlikely enough votes to pass the bill to keep government running through February 8. For forex traders there are so many key events ahead in the week that they couldn't care less regarding the government shut down.
Big week for Yen with BoJ and CPI
The week ahead is full of key events and is particularly important for Yen and Euro. BoJ meeting and announcement is a major focus. There has been talk that BoJ is starting to consider..Read More →

NYPD is upset about ‘get-out-of-jail-free’ cards, but not for the reason you may think New York City’s police-officers union is cracking down on the number of “get out of jail free” courtesy cards distributed to cops to give to family and friends.
Patrolmen’s Benevolent Association boss Pat Lynch slashed the maximum number of cards that could be issued to current cops from 30 to 20, and to retirees from 20 to 10, sources told The Post.
The cards are often used to wiggle out of minor trouble such as speeding tickets, the theory being that presenting one suggests you know someone in the NYPD.
The rank and file is livid.
“They are treating active members like s–t, and retired members even worse than s–t,” griped an NYPD cop who retired on disability. “All the cops I spoke to were . . . very disappointed they couldn’t hand them out as Christmas gifts.”
A source said Lynch ordered the cutback to stop the sale of the cards, which were being hawked on eBay EBAY, -0.80% last week for as m..Read More →

Millions of Americans keep the same dirty secret from their partner Some people love their money so much they don’t even tell their partner about it.
One in five people in a live-in relationship admit to “financial infidelity” — keeping a private bank account or credit card without telling a partner, according to a study released Monday by CreditCards.com. The survey of 2,000 people found 31% of millennials, 24% of people ages 38 to 53, and 17% of baby boomers have at some point had an account they keep secret from a partner.
Lying about having private accounts is actually more common than many people think, said Kimberly Palmer personal finance expert at NerdWallet. “People are often embarrassed about the money choices they are making, or they want to have a slush fund of spending money they can use without asking permission,” she said.
Although the practice may be common, that doesn’t mean it’s widely-accepted: 31% of those in a relationship think that keeping a credit card, check..Read More →

As stock market rockets to records, TD Ameritrade to roll out round-the-clock trade It’s sometimes referred to as the Wild West period of the trading day for its volatility, but extended-hours trading is about to get longer on at least one platform.
Online broker TD Ameritrade is set to offer its retail clients the ability to trade 24 hours a day, five days a week — a move which is likely to be followed by rivals.
Regular trading hours on the New York Stock Exchange, Nasdaq and other exchanges run from 9:30 a.m. to 4 p.m. Eastern, but the stock market is also open during extended periods, from 4 p.m. to 8 p.m., and during premarket hours, from 4 a.m. to 9:30 a.m.
TD Ameritrade AMTD, +0.38% said it wants to close the gap between regular hours and extended hours for qualified investors, starting from 8 p.m. Eastern on Sunday to 8 p.m. Friday. The move also is an attempt to grow its business in Asia.
Steven Quirk, executive vice president of TD Ameritrade’s Trader Group, told Marke..Read More →

If Vikings win, historic home-field Super Bowl could require steepest ticket ever Last week’s heros Case Keenum, Stefon Diggs and their Vikings first have to get through the tough Philadelphia Eagles on Sunday for the NFC championship, but their skol-chanting fans of the north are already well on their way to driving up Super Bowl LII ticket prices to record-setting territory.
The reason? A potential hometown Super Bowl looms.
In fact, just the odds that the Vikings could be playing in their newly built home stadium for the Super Bowl could send prices above $10,000, making it the most expensive sporting event in history, at least according to estimates by secondary-market ticket broker TicketIQ.
In the first 51 years of the game’s Super Bowl era, the team hosting the Super Bowl in its own stadium has never even made an appearance in the final game, let alone won a title in front of the hometown fans. The Twin Cities’s $1.13 billion fixed-roof U.S. Bank stadium just opened in 2016.
..Read More →

Is gold on the verge of breaking out? This could be the year that gold prices hit a record.
A massive move in gold, driven in part by declines in the U.S. dollar DXY, +0.21% and Treasury bonds TMUBMUSD10Y, +0.00% , excessive optimism in the stock market, and rising inflation, may help send prices above $1,900 an ounce this year, surpassing the all-time high from 2011. “Gold has been in a stealth bull-market phase for the past few years with little notice from most investors,” says Peter Spina, chief executive of precious-metals information provider GoldSeek.com. “Gold at $2,000 is a long shot, but not an improbable target by any means.”
Barron’s John Kimelman recently flagged the gold rally, offering a number of ways to play it. Among the most popular: exchange-traded funds such as the SPDR Gold Shares GLD, +0.44% and the Van Eck Vectors Gold Miners GDX, +0.17% .
Read: Gold rally brightens the outlook for mining stocks
On Wednesday, February gold GCG8, +0.29% settled at $1,339.20 ..Read More →

Anniversary of Women’s March carries new message: Power to the Polls Hundreds of demonstrations got underway Saturday, and will continue Sunday, to mark the first anniversary of the women’s marches organically formed in early 2017 in protest of President Donald Trump’s surprise presidential win.
But organizers and many participants are rallying under a new mandate this year: to influence electoral politics, with much of the messaging including voter participation and support for would-be candidates.
We're not going anywhere.
In 2018, we're bringing our #PowerToThePolls.
GET READY.#WomensMarch2018https://t.co/yekbsBwxHj pic.twitter.com/joTcSU4Nuf
— Women's March (@womensmarch) January 20, 2018 More than 250 events took place in major cities including Chicago, New York, Dallas and Philadelphia, as well as smaller locales like Concord, N.H., Fargo, N.D. and Midland, Mich. The movement has international traction; London’s march is on Sunday.
Trump marked his one-year ann..Read More →

Consider these 4 things before financing a home improvement With Goldman Sachs’ newest loan product, the money-center bank is making a smart bet.
Goldman Sachs GS, +2.05% announced Tuesday that it will begin offering home improvement loans through Marcus, its consumer-focused subsidiary. It comes at an opportune time. Home remodeling is set to surge at the fastest pace in more than a decade. Borrowers can get loans in amounts ranging from $3,500 to $40,000 for a period of three to six years. The loan product carries no fees — consumers who make late payments will only be required to pay the interest for those additional days — and the bank has said it
can fund the loans within five days for creditworthy borrowers. Rates currently range from 6.99% to 23.99% APR. The product is coming to market at a time when American homeowners are especially eager to take on home improvement projects. In 2017, home improvement spending increased 17% from the previous year, said Robert Dietz, chief e..Read More →