Which will hit zero first, Brazil’s stock market or President Rousseff’s favorability polls?
— Downtown Josh Brown (@ReformedBroker) September 2, 2015
A victory for diplomacy it seems as Barack Obama secured enough votes in Senate this morning to approve the Nuclear deal with Iran. Though might hype has been made around the deal some believe the Iranian government cannot be trusted. As a result of the agreement the US ties with Israel have been damaged as their leader Benjamin Netanyahu vehemently rejected the deal. The deal could provide more pressure on the oil price as sanctions in Iran are lifted and more supply comes online.
US President #Obama has secured enough support in US Senate to ensure Iran nuclear deal will go into effect http://t.co/F897XaLV24
— BBC Breaking News (@BBCBreaking) September 2, 2015
It looks as if the general feel around the Euro going into the ECB meeting is a weaker currency. Inflation came in lower than expected which has prompted many to believe that officials will accelerate its bond buying program. The EU has been grappling with low inflation for a while now as debt crisis's have put a damper on growth in the region. Added to the fact that an aging population doesn't bode well for tax revenues one does wonder will the situation in the EU ever be sorted?
#Euro Falls as Lack of #Inflation Looms Before #ECB Policy Meeting http://t.co/UIHDagzIAT via @rachelevans_ny pic.twitter.com/l5NKXRARxJ
— Forward Guidance (@ecoeurope) September 2, 2015
This was a funny tweet implying that traders who have become addicted to free money throw out by central banks around the world are performing badly now that US monetary easing has dried up. There is some truth to this if you glance back to when Fed President Janet Yellen announced the end of QE and look return the market has been able to claim, it definitely isn't the same as years gone by. Will there be a QE 4?
Strong correlation between central planning lovers and guys who can't outperform in a down market
— GreekFire23 (@GreekFire23) September 2, 2015
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