The US dollar index plunged nearly 2% last Friday, the biggest one-day drop in about seven years. October's non-agricultural data was mixed, and the number of new jobs was higher than expected, but the unemployment rate rose and wage inflation fell, and the labor market showed signs of slowing down. The dollar plummeted after the data was released. Even though the employment data is still strong, some Fed officials still support a small interest rate hike in December. With the decline of the US dollar, other major currencies gained a boost. As for the euro, it is uncertain whether the European Central Bank will continue to support the euro by raising interest rates. The euro may fall to the $0.95 level against the US dollar and remain weak for a longer period of time. The yen and Australia
GBPmain (British Pound - main 2503)
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Macro Markets| Thoughts on bonds& Gold
Brazilian rates sufffer a big spike last week due to fiscal issues so as long as it doesnt fix.. we are up on rates. British bond are getting some relief from bad times .. but not much better.,.. for moment itsz up. British pound is getting a good news ahead... I wait it to be on way up. $British Pound - main 2212(GBPmain)$ Dollar correction is creating a massive opportunity to get long. $E-Micro Gold - Dec 2022(MGC2212)$ $Gold - Dec 2022(GC2212)$ Follow me to learn more about analysis!!
Macro Markets| Thoughts on bonds& Gold
US dollar index suffered the biggest one-day drop in about seven years,what can we expect from it
US dollar index suffered the biggest one-day drop in about seven years,what can we expect from it
$British Pound - main 2212(GBPmain)$gbpusd has bounced off its historic low made in 1984. historically, the ftse100 is a leading indicator of the us market. so let's take a look at $S&P 500(.SPX)$
$British Pound - main 2212(GBPmain)$ For London Stock Exchange (LSE) that holds the "oldest" stock exchange accolade and also ranked as 8th largest exchange in the World (by market cap) - this old Dame still have some tricks up her sleeves. For starters its Top 10 companies (by market cap) are companies that are household names that you definitely would have come acrossed. For example : 1. Shell plc - Energy 2. Astrazeneca - Pharma 3. Linde - Chemicals 4. Unilever - Consumers 5. HSBC - Financial / Banking 6. BP - Energy 7. Diageo - Whiskey 8. Rio Tinto - Minerals 9. British American Tobacco 10. GlaxoSmithKline - Pharma There are still money to be made from LSE if you what to invest and how to as well. In terms of volatility it is
$British Pound - main 2212(GBPmain)$ It's political mayhem in the UK with the resignation of Liz Truss who has the record of the shortest reign of any British Prime Minister. In just 45 days, Liz Truss caused economic chaos in the UK with her tax policies of cutting taxes for businesses and high income that comes at a time when UK is undergoing high inflation, post Brexit Blues and soaring energy costs. Liz Truss styled herself to be like Margaret Thatcher but unfortunately she is not of the same calibre as Thatcher. For starters she refused to appoint anyone into her cabinet that has not supported her campaign, leaving her with a limited pool of talent. When her tax policies failed, she had to fire her chancellor and home s
$British Pound - main 2212(GBPmain)$ I got a question to ask. Who choose Truss to become the New British PM? The answer is her own party members. The Conservative party also have the responsibility for the fall of PM. Her tax plan has cause the turmoil to Britain and stock market. After Truss resigned, there are three possible candidates are Rishi Sunak, Britain's former chancellor of the Exchequer, Boris Johnson and Ben Wallace, defense secretary. The oppostion party ( Labour party), Keir Starmer has called for an immediate general election after Liz Truss's shock resignation, saying: “The Conservative party has shown it no longer has a mandate to govern.” Suddenly I can recall Boris Johnson resi
[TOPIC]45 Days PM Truss Vaporated $500 Bln Assets
On Thursday, Liz Truss stood in front of 10 Downing Street and announced her resignation. From September 6 to October 20, Truss was in office for only 45 days, the shortest tenure of a British prime minister.Click here to join our topic>>Photo from graphic newsThe netizens joked that, in just 4 months they have gone through 4 Chancellors of the Exchequer, 3 Home Secretaries, 2 Prime Ministers and 2 Monarchs.What happened in 45 days? On September 6, Truss came to power and met with the Queen On September 8, Truss issued a £150 billion energy bailout
[TOPIC]45 Days PM Truss Vaporated $500 Bln Assets
‘Dear, oh dear. Anyway …’.
Convergence real yields US-UK Green: Real yields on 30-year inflation loan UK Gold: Real yields on 30-year inflation loan US Crispin Blunt is the first Conservative MP to think Prime Minister Liz Truss should leave. According to him, Truss cannot survive the current crisis, he says it is a matter of finding a successor. Meanwhile, another Conservative MP has called Truss a libertarian jihadist, engaged in an ultra-free-market experiment in the British economy. According to new minister Jeremy Hunt (Kwasi Kwarteng's replacement), Truss will remain at the helm, but the moment when he or she is no longer in charge of it is dangerously approaching. Truss was compared to Margaret Thatcher when he took office. The difference, of course, was that she came up with a substantial Keynesian investmen
‘Dear, oh dear. Anyway …’.
Why Pound would hurt the most?
Either sterling or UK bond will collapse.The "tax cut panic" spread in UK, and the yield of UK bonds, after the central bank announced on September 28th that there was no upper limit on the purchase of government bonds, once again reached the high point since the financial crisis in 2008.Why did the Bank of England buy government bonds? Previous Review of Popular Edition: Britain's new Prime Minister Truss succeeded Huang Mao-planning to do something big to get everyone to recognize her (and divert her attention from sending the Queen away)-first taking the inflation that is about to get out of control-planning to increase everyone's income to fight inflation (by the way, pull some votes to boost their support rate)-cutting taxes! -The government's revenue from tax
Why Pound would hurt the most?
Your currency, our problem
US percentage M2 growth — dollar liquidity declines The development of the US dollar is highly relevant to the direction of financial markets. Whether the world likes it or not, the world does depend on the US dollar. The only one that can print additional dollars is the US Federal Reserve. This effectively makes the Fed the world’s central bank. Since March 2021, the growth of dollar liquidity has been declining (i.e. the second derivative), as can also be seen from the development of the M2 money supply in the United States. The peak in M2 coincided with the peak in more speculative assets such as cryptocurrencies, SPACs, IPOs and shares of companies that do not make profits but were highly valued. Now, money supply growth is at a point where in the past there was usually a significant f
Your currency, our problem
The Trading week ahead: Update Monday morning UK 03/10/22: Welcome to October!! China on Bank Holiday's all week for National Day. Another big week for scheduled economic news - look out for Australian and New Zealand Interest rate rises and then on Friday from China Manufacturing PMI results and from the US Non-Farms payroll numbers. Earlier today - looks like the UK Government after making a complete mess of $British Pound - main 2212(GBPmain)$are now reversing some of their tax cut ideas! German manufacturing results worse than expected. $Light Crude Oil - main 2210(CLmain)$- note OPEC+ are meeting Wednesday and looking to put large output cuts through
How Strong Dollar Changes Company Performance?
Under most circumstances, equity investors are not sensitive to currencies, but since the second half of this year, almost all currencies in the world have depreciated to US dollars, which may "unexpectedly" affect the performance of Q3.Fed's interest rate increase is one reason, major economies except Japan (the Bank of Japan has adopted extensionary monetary policy) are actually following. Why their currencies still clapse?Russia-Ukraine crisis would be another reason, then why commodity currencies like Canadian dollar and Australian dollar can't get rid of the decline neither?Degree of depreciation of major currencies against the US dollar this yearThe pivotal reason&n
How Strong Dollar Changes Company Performance?
$British Pound - main 2212(GBPmain)$GBPUSD How LOW Can The UK Pound Go - 0.8000?! 0.6000?!What a mess!! GBPUSD at record recent lows - not seen since 1985 and no sign of a recovery plan! So the big question - how low can the UK Pound go versus the US Dollar? I take a look at the charts....Watch the full GBPUSD video analysis on my YouTube channel (copy and paste link into your browser):https://youtu.be/iLu6Dss7VxQOverall Opinion - BEARISHThe charts:Key price zones: (see weekly line chart attached) - new historical lows will provide key support area in the short to medium term - break down from here and Fibonacci lines at 0.905, 0.830 and 0.689!!Targets & Risk Management (See also Renko chart attached)....Bullish upsides: T
DAX 40, FTSE 100, EUROSTOXX 50, Dollar, GBPUSD, EURUSD - Elliott Wave Trading Strategies
DAX 40, FTSE 100, EUROSTOXX 50, Dollar, GBPUSD, EURUSD - Elliott Wave Trading Strategies$Euro FX - main 2212(EURmain)$ $British Pound - main 2212(GBPmain)$ $DAX - main 2212(FDAXmain)$ DAX Performance Index ^GDAXI INDEXDB: DAX 40 Chart and Forecasts. FTSE 100 Index, EURO STOXX 50, Forex EURUSD GBPUSD DXY Dollar Index Elliott Wave Technical AnalysisEuropean Stock Market Daily News Headlines:Sterling GBPUSD plunges to all-time low in scathing appraisal of fiscal plan close to parity.Market Indices Overview: The corrective rally competed nicely and Wave (iv) of 3 lower is on track for shor
Should you buy the Pound?
UK was just mourning the death of its queen and now it faces another low point - British pound (GBP) tanked 5% on Monday to a 37-year low against the USD.The GBP was very close in reaching parity with the USD as one pound hit US$1.0327 at the lowest point. The collapse of the pound is impactful in a way because it is a story about a country's fall from glory.UK held the record of being the largest empire in history, and it is now a shadow of its former self.The pound is also the oldest currency in the world that has been used continuously since 800.The currency was once circulated throughout the empire but has since been replaced by USD as the most important currency in the world.When the US sneezes, everyone else catches a cold.USD has been strengthening against many currencies as the Fed