GBP Oversold as Britain Defends Sovereignty Against Socialists

GBP Oversold as Britain Defends Sovereignty Against Socialists

$GBP #BREXIT #EUROPE #EU Britain’s government vowed on Friday to press on with troubled EU talks, despite rejecting an ultimatum to withdraw Brexit legislation that has sparked a rebellion from outraged Conservatives in its own ranks. Prime Minister Boris Johnson trumpeted a free-trade agreement with Japan — Britain’s first such pact since the country quit […]

More Mixed Data on US Economy

More Mixed Data on US Economy

$USD #CORONAVIRUS #COVID19 US consumers continued to spend in July but the gains were much slower than the prior two months amid a surge in coronavirus cases, and confidence remained in a “depressed range,” according to new data released Friday. Separately, Coca-Cola and MGM Resorts became the latest major companies to announce massive layoffs as […]

GBP to Strengthen as UK Returns to Work

GBP to Strengthen as UK Returns to Work

$GBP #UK #GBP #CORONAVIRUS Britain’s government on Friday urged people to return to work amid concern about the impact of the coronavirus lockdown on the economy and struggling high street businesses. “It is now safe to go back to work,” Transport Secretary Grant Shapps told Sky News television in an interview. “I think there’s a […]

Canada Sees 38.7% Economic Contraction

Canada Sees 38.7% Economic Contraction

#canada $CAD #coronavirus Canada’s economy shrank at a record annualized pace of 38.7 percent in the second quarter as a nationwide pandemic lockdown closed businesses and curtailed spending, the government statistical agency said Friday. Declines were recorded across the board including in consumer spending, business investment, trade and tourism — in line with analyst forecasts, […]

US Economic Data is Still Negative

US Economic Data is Still Negative

27 million people are still receiving some form of government assistance The new estimate shows GDP collapsing at an annualized rate of 31.7 percent Trump styled tax cuts will be essential in lifting the economy and at this stage the election of a high tax Biden Government would spell disaster for the USA. “I contend […]

Low Rates Here to Stay USD to Weaken Further Over Next 5 Years

Low Rates Here to Stay USD to Weaken Further Over Next 5 Years

The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximizing employment for the benefit of lower income families, while ratcheting back its emphasis on fighting inflation. The effect will be a continued weakening of the USD and an increase in the value of Gold. […]

US Dollar Trend Guides Gold, Silver Markets

US Dollar Trend Guides Gold, Silver Markets

#Dollar #Gold #Silver #Market $USD $DXY $XAU $GLD $XAG $SLV When the C-19 coronavirus chaos began to make its negative influences felt throughout the financial markets, global investment trends in the US currency emerged as a primary safe-haven beneficiary. As a result of the risk-off trends in market sentiment, .DXY was driven to its highest marks […]

USD’s Sharp Decline Driving Professional Investors into Gold

USD’s Sharp Decline Driving Professional Investors into Gold

#USD #Gold #investors #debt #Fed $XAU $GLD $USD $DXY The reason USD became the world’s reserve currency is that America has had the largest, strongest steadily growing and conservatively financed economy and a stable political system anchored in the US Constitution. Yet for USD to continue to be valued, the world has to believe in it. […]

Win or Lose Democrats Will Destroy America

Win or Lose Democrats Will Destroy America

#democrats #joebiden #economy The US Economy is doomed and will die at the hands of the Democrats. Democrats and their minions BLM and Antifa are already laying waste to several cities in the USA. Their Puppets attack everything in the name of one of many Minorities. Hope the US is gone. Should Trump win in […]

Big Tech Want to Decide the US Election

Big Tech Want to Decide the US Election

$TWTR $GOOG $MSFT #FRAUD #ELECTION Google, Microsoft, Reddit, Pinterest, Twitter and the corrupt FBI have had a series of meetings to aimed at defeating Trump. This is looking less like an election and more like a take over. Twitter on Friday said it is bracing for efforts by President Donald Trump or others to attack […]

Long Term Low Interest Rates and the US Economy

Long Term Low Interest Rates and the US Economy

#USA #ECONOMY $USD #STOCKS #GOLD Long term low Interest rates may have negative consequences, and may be indicative of a systemic issue as seen in the US Economy. One such consequence is housing prices consumers borrow consistently over a long period of time, the demand for houses is consistently high, raising its price as the […]

Japanese Yen: USD/JPY (JPY=X) Target 103.30

Japanese Yen: USD/JPY (JPY=X) Target 103.30

$JPY #Japanese #Yen #Currencies #FX #Trading #Markets Japanese YenTicker: JPY=Price: 105.11 Outlook USD/JPY slumps lower for the 3rd straight session to hit 2-week lows below 106 handle. The major was trading 0.36% lower on the day at 105.61 at around 10:15 GMT after closing 0.51% lower in the previous session. The greenback depressed amid continued […]

The Euro is Headed Below $1 USD

The Euro is Headed Below $1 USD

$EURUSD #EURO #DRAGHI Former European Central Bank chief, and one of the architect’s of Europe disaster Mario Draghi, made a hollow call on European governments on Tuesday to ensure the colossal amounts of debt countries are running up in the wake of the coronavirus pandemic are invested in upgrading their economies so that future generations […]

Thailand Biggest Economic Slump Since 1998 Means More Government Stimulus

Thailand Biggest Economic Slump Since 1998 Means More Government Stimulus

#Thailand #economy #stimulus #coronavirus Thailand’s economy suffered its biggest annual contraction since the 1998 Asian financial crisis in Q-2 due to the fallout of the coronavirus chaos, prompting the government to slash its GDP forecast for the year and announce more stimulus Data from the state planning agency showed a 100% fall in foreign tourism […]

US Economy Struggling with Covid-19

US Economy Struggling with Covid-19

#covid19 #coronavirus #usa The US economy continues to regain ground as the coronavirus crisis drags on, with retailers and manufacturing posting gains, but new data Friday show progress is slowing and continued recovery is in doubt amid a political stalemate over a new aid package. Economists warn that the massive money printing approved by Congress […]

A Closer Look at the Bitcoin: BTC/USD (BTC=X) Price

A Closer Look at the Bitcoin: BTC/USD (BTC=X) Price

$BTC #Bitcoin #Crypto #Cryptocurrencies #FX #Trading #Markets BitcoinTicker: BTC=Price: $11728.02 News One thing’s for sure: you don’t want to put a large portion of your capital into cryptocurrencies. They’re speculative and volatile, and there’s absolutely no guarantee that they’ll go up in value. That being said, Bitcoin’s recent price action is highly encouraging. Bitcoin was […]

Singapore Economy Failed the Coronavirus Test

Singapore Economy Failed the Coronavirus Test

#singapore #coronavirus #covid19 $SGDUSD Singapore’s virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country’s first recession in more than a decade was deeper than initially estimated, official data showed Tuesday. The outlook for the Singapore dollar is now very negative. Tough curbs within the city state to contain […]

Bitcoin: BTC/USD (BTC=X) Target Price $15000

Bitcoin: BTC/USD (BTC=X) Target Price $15000

$BTC #Bitcoin #Target #Crypto #Cryptocurrencies #Trading BitcoinTicker: BTC=Price: $12.060 News Yesterday, buyers retested the $12,000 resistance zone twice but were repelled. Buyers are not reaching the $12,000 price level. The king coin has been facing rejection at the $11,800 resistance since August 5. Analysts believe that once the $12,000 resistance is breached; a further upward […]

America is Addicted to Free Money and the Dollar is Doomed

America is Addicted to Free Money and the Dollar is Doomed

Republican or Democrat, it makes no difference Americans are addicted to free money and it will end badly. President Donald Trump on Saturday signed executive actions extending financial relief to Americans hit by the coronavirus pandemic as polls showed a large majority of voters unhappy with his handling of the crisis. The four measures marked […]

X Open Hub – Building the trading technology of the future.

X Open Hub – Building the trading technology of the future.

As the competition in the FX industry is heating up, and the market becomes more saturated, sales and marketing managers must invent new ways of attracting prospects and leads. New AI-backed marketing campaigns, advanced sales strategies, pushing the network of affiliates are ideas, which more often pop up during long and stressful weekly meetings. What […]

China is Moving Away from US Agriculture, it will Lower Demand for USD

China is Moving Away from US Agriculture, it will Lower Demand for USD

Seven months after the United States and China signed a preliminary agreement to temper their trade war, Beijing’s purchases of US agricultural goods have yet to reach the deal’s target. As President Donald Trump readies for a tough reelection battle in November, US media reported the two sides are set to meet beginning August 15 […]

#1 Book That Opens Your Mind To Understanding Governmental Power

#1 Book That Opens Your Mind To Understanding Governmental Power

1984 A man’s nightmare was turned into one of the biggest futuristic selling novels of all time. As 1984 by George Orwell was written in 1948, it makes the book even more interesting. This man had a prophecy he believed in so much, he wrote a book, and here we are today with his predictions […]

The Corona Economy is Unpredictable

The Corona Economy is Unpredictable

Whatever you think you know about markets, the pandemic is not a predictable Global event, it is an uneven and erratic chain of events that have more to do with Governments and fear then reality. Some sectors are doing well, lots of money is being printed and this is a time for extreme caution and […]

Turkey will Pay the Price for Erdogan Anti-West Politics

Turkey will Pay the Price for Erdogan Anti-West Politics

Turkey’s lira on Thursday set a new record low against the US dollar as investors worried about the government’s economic policies and dollar reserves appeared to be running low. The lira was trading at 7.28 against the greenback around 1030 GMT, suffering a loss of more than 3 percent since the start of the day […]

Rare Tax Cut Helps Socialist Germany

Rare Tax Cut Helps Socialist Germany

Car registrations in Germany showed this year’s smallest monthly drop in July as buyers took advantage of a temporary cut in value added tax, figures released Wednesday showed. Registrations fell by only 5.4 percent in July, improving significantly from the precipitous drops of 32 percent in June, 50 percent in May and 61 percent in […]

An Analysis of Covid 19 and US GDP

An Analysis of Covid 19 and US GDP

The BBVA Research team published its economic analysis of the drop in gross domestic product for second quarter 2020, noting it is the steepest decline in over-the-quarter growth since 1937, in the aftermath of the Great Depression.  As noted in the published analysis, the GDP dropped by 32.9 percent on an annualized basis and has […]

How the US Economy is Effected by Covid 19

How the US Economy is Effected by Covid 19

Economic activity in the Services sector (formally non-manufacturing sector) grew in July for the second month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey […]

World is Betting on America Printing Money

World is Betting on America Printing Money

Stock markets on both sides of the Atlantic climbed on Wednesday after a mixed Asian showing, with hopeful traders tracking talks on a key US stimulus package. Uncertainty about the global economic outlook caused by the coronavirus pandemic meanwhile caused investors to hedge their bets, helping gold to fresh highs day after the haven asset […]

The Dollar gets Hammered in July and Could Continue to Slide

The Dollar gets Hammered in July and Could Continue to Slide

The dollar has been hammered over the past month, losing 5.5% against the Euro and 4.5% against a basket of currencies reflected by the dollar index. The declines come as economic data continues to show that the US economy is contracting. US GDP contracted in the Q2 the most in its history, which has allowed […]

US GDP Estimates 2nd Quarter 2020

US GDP Estimates 2nd Quarter 2020

Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The GDP […]

USA Gets a Downgrade as Covid19 Continues

USA Gets a Downgrade as Covid19 Continues

#USA #COVID19 #Economy Ratings agency Fitch on Friday downgraded the outlook for the United States to negative from stable, warning of high debt and deficits made worse by the coronavirus downturn. “The outlook has been revised to negative to reflect the ongoing deterioration in the US public finances and the absence of a credible fiscal […]

Euro Faces a Difficult Time

Euro Faces a Difficult Time

The -12.1% Q-o-Q growth rate is the worst ever recorded and a pretty difficult one to interpret. It is a shocking drop, but completely understandable as the economy was shut for a considerable period during the quarter. It, therefore, doesn’t tell us all that much about the general state of the economy, which is usually why […]

Canadian Dollar Set to Rally

Canadian Dollar Set to Rally

The Canadian economy rebounded in May, posting growth of 4.5 percent as activity bounced back following two months of sharp declines due to the coronavirus pandemic, the government said Friday. The recovery is likely to continue in June, according to Statistics Canada, which currently forecasts a 5.0 percent monthly expansion. The virus crisis and measures […]

France Delivers Another Blow to the Euro

France Delivers Another Blow to the Euro

France’s economy slumped a record 13.8 percent in the second quarter as businesses bore the brunt of a strict coronavirus lockdown that slammed consumer spending, the INSEE statistics agency said Friday. The seasonally-adjusted drop in gross domestic product (GDP) from the first quarter was not as steep as many analysts had expected, but worse than […]

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

$USD $GOLD #ECONOMICS #USA #POLITICS #COVID19 Facing the second recession in just over a decade and with Congress locked in debate over a new emergency spending package, the Federal Reserve will seek a way to put some guardrails on the US economy. As we suggested early in the pandemic, the worst may not come till […]

The US Federal Reserve Warming Up the Printing Press, Again

The US Federal Reserve Warming Up the Printing Press, Again

The US Federal Reserve will extend the Money printing madness, the $USD will fall, $GOLD will rally and Stocks will be artificially held high, the wealth gap will widen, business as usual in modern America. The US Federal Reserve opened a two-day policy meeting on Tuesday amid signs of waning consumer confidence and with Congress […]

Coronavirus and US Consumer Confidence

Coronavirus and US Consumer Confidence

US consumer confidence deteriorated in July as the coronavirus pandemic intensified, with the short-term outlook for business conditions, earnings and employment all worsening, according to a key survey released Tuesday. The Conference Board research firm said its consumer confidence index fell to 92.6 from 98.3 in June, worse than analysts expected amid a surge in […]

US Direct Investment by Country and Industry, 2019

US Direct Investment by Country and Industry, 2019

#USA #ECONOMY The U.S. direct investment abroad position, or cumulative level of investment, increased $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $95.7 billion increase in the position in Europe, primarily in […]

The Cheaper ‘Buck’ Driving Gold Price North

The Cheaper ‘Buck’ Driving Gold Price North

#gold #silver #dollars #currencies #risk #Fed #interestrates #USChina $XAU $GLD $XAG $SLV $USD Spot gold topped 1,900oz for the 1st time since September 2011 and edged closer to an all-time high with flaring geopolitical tensions and concern over global growth driving demand for save-haven assets. Gold marked a 7th wkly gainer, the longest run since […]

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