Blackrock Inc's Laurence " Larry" Fink speaking to Bloomberg 27 April

  • today's FOMC statement to be similar to the last
  • Yellen has been a "fantastic" Fed chairperson
  • Fed worried about corp earnings, global issues
  • sees fear-mongering in US election
  • economy not growing as fast as Fed expected
  • there are pockets of inflation, cites high tech sector wages
  • appropriate for Fed to be in pause mode
  • US and UK have room to invest in needed infrastructure
  • China will not have to devalue in 2016
  • sees a 20% chance of China bubble bursting
  • Japan's mon pol will continue to fail
  • BOJ gov has run out of runway

The latest thoughts from the US fund manager following those reported by Adam last month.

Meanwhile GBPUSD has given up above 1.4600 again for the moment and EURUSD is testing 1.1300 as the greenback finds some early North American demand.

USDJPY 111.34 USDCAD 1.2591 AUDUSD finally cracking 0.7600 support and on session lows of 0.7593. More support/demand expected into 0.7580.