Bill Gross: The Fed has mastered market manipulation

Today’s Press

Dollar Set for First Monthly Gain Since May on Divergence Bets

The dollar headed for its first monthly advance against the yen since May on mounting speculation U.S. monetary policy will further diverge from that of the Bank of Japan.

ADP Reports 177,000 Increase in August Payrolls

Firms across the country added 177,000 workers to their ranks this month, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. Economists surveyed by The Wall Street Journal expected an increase of 180,000.

Bill Gross: The Fed has mastered market manipulation

The Federal Reserve, with its bargain-basement interest rates and money printer always on standby, is manipulating financial markets and crushing capitalism, bond king Bill Gross said in his latest broadside against the U.S. central bank.

Next Trading Day’s Important Events

17:00 (GMT+3) US PMI from ISM

Forex Quotes:

USDJPY: 103.40

EURUSD: 1.1138


S&P 500: 2,169.30

NASDAQ : 5,210.67

Source:: Bill Gross: The Fed has mastered market manipulation

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