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Showing posts from August, 2018
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EUR/USD - Bearish

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This Week So Far

Asian stocks drifted Tuesday as risk appetite remained subdued and the earnings season continued. while the dollar and Treasuries were little changed. S&P 500 Index closed at its highest since January as Berkshire Hathaway Inc. bolstered financial shares and higher oil prices boosted energy producers. Gold rose 0.2 percent to $1,209.90 an ounce. Oil prices have been in decline as the media continues to paint a negative picture on the future of the commodity. House of Fraser's collapse looked imminent as rescue talks led by Sports Direct owner Mike Ashley ended. Sterling sank against the dollar again last Monday morning after UK Government ministers talked up the prospects of a no deal Brexit. Week Ahead Today`s 07/08/2018 ; Reserve Bank of Australia ( RBA ) Rate Statement , It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Watch for clues for the outcome fo
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Sterling Sink, No Deal Brexit Likely

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Sterling sank against the dollar again after the prospects of a “no deal” Brexit. The currency was down 0.36 per cent against the dollar, close to an 11-month low. BoE Mark Carney warned last week that the chances of a no deal Brexit were high and urged policymakers to do all things to avoid it.  Interest rates raised 0.75 per cent last week, the highest level in nine years, but the increase did little to support the value of the currency. Sterling is testing $1.2950.The next target is near $1.28, which corresponds with a 61.8% retracement of the rally since the flash crash low in October 2016 at $1.1840. Markets are certainly becoming increasingly nervous of the Pound. If Britain fails to agree the terms of its divorce with the EU and leaves without a transition agreement,it would revert to trading under World Trade Organization rules.  Most economists think that would cause serious harm to the world’s fifth largest economy as trade with the EU, Britain’s
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Registration system for EU citizens in the UK

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The British government launched last Saturday a system created to register the stay of EU citizens living in the United Kingdom, The process is free, and the application   is time at least until December 2020. To obtain the status of a settled status, you will need to prove that you have been in the United Kingdom for at least six months in each of these years in the last five years. Otherwise, the person submitting the application will receive a temporary pre-settled status, which can be changed after fulfilling the five-year requirement. If London agrees with Brussels regarding the conditions for leaving the Community, EU citizens will have until the end of June 2021 to register in the new system. In the case of hard Brexit, this time would be shortened until the end of December 2020. Initially, the registration in the system was 65 pounds (32.50 pounds for a child), but from Saturday, the earlier political announcement of Prime Minister Theresa May abo
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Bear Market

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Bear Market What is it and how to take advantage Means a market in which share prices are falling, encouraging selling. This is a definition by dictionary, but what actually this means for a investor point of view and drives the shares price d evaluate or the encouragement of the assets sell off? Usually the Exchange is marked by popular enthusiasm and speculation with positive sentiment indicators which drives the prices of an asset increase. Fundamentals appear extremely positive and due to the populism investors keep buying disregarding the actual price that has been paid for the asset purchased. Often overpriced buy the market. Those behavior does not reflect the actual value of a company and you should always look for the intrinsic value of a company to evaluate an opportunity. Intrinsic Value In finance, intrinsic value refers to the value of a company, stock, currency or product determined through fundamental analysis without reference to
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Week Ahead

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Monday 2.30am – China GDP (Q2): growth expected to be 6.2% YoY and 1.5% QoQ. Markets to watch: China indices, CNH crosses 1.30pm – US NY Empire State mfg index (July): index to rise to 0.5 from -8.6. Markets to watch: US indices, USD crosses Tuesday 2.30am – RBA meeting minutes: these will provide further clarity on the decision to cut rates. Markets to watch: AUD crosses 9.30am – UK employment data: June claimant count to fall to 22,900 from 23,200, while the unemployment rate holds at 3.8% and average earnings rise 3.2% in May excluding bonuses. Markets to watch: GBP crosses 10am – German ZEW index (July): economic sentiment to rise to -5.9 from -21.1. Markets to watch: EUR crosses 1.30pm – US retail sales (June): sales to rise 0.3% MoM from 0.5%. Markets to watch: US indices, USD crosses Wednesday 9.30am – UK CPI (June): inflation to rise 2% YoY and 0.3% MoM, with core CPI up 1.9% YoY and flat MoM. Markets to watch: GBP cros
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Johnson & Johnson’s single-dose COVID-19 vaccine

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Johnson & Johnson’s single-dose COVID-19 vaccine it could represent a  game changer and it could ensure we are vaccinated at a faster pace Johnson & Johnson (JNJ) started shipping its COVID-19 vaccine early this week and looing to increase supply fast. Johnson and Johnson’s vaccine is reported 72% in preventing moderate-to-severe COVID-19 in the U.S. Source:   https://finance.yahoo.com/news/johnson-and-johnson-single-dose-vaccine-is-absolutely-a-game-changer-vaccinations-to-pick-up-171204467.html
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FCA proposes ban on cryptocurrency products

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The UK’s markets regulator has proposed a ban on financial instruments linked to digital cryptocurrencies, warning that such products could cause huge losses for retail consumers unlikely to understand their risks or value. The Financial Conduct Authority (FCA) said products such as derivatives and exchange-traded notes (ETNs) that reference crypto-assets were “ill-suited” to small investors. It cited their “extreme volatility”, the difficulty in valuing them, consumers’ patchy understanding of what they were buying and the increased risk of financial crime. Investors might “suffer harm from sudden and unexpected losses if they invest in these products”, the FCA said, estimating that a ban would benefit consumers to the tune of between £75m and £234.3m a year. Source: Theguardia n
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Canadian Food Sector Prepares for Edible Cannabis

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The food industry is a $200-billion sector Canadian cannabis Market had bust news this week, a total of 59 new products were offered for sale by the Ontario Cannabis Store. The number of products available should increase to 100 in the coming months Between the products are edibles and drinks went on sale last Monday aiming no smokers consumers. The edibles is expected to had a much high profit margin and should help to recover the Canadian cannabis market and in certain extension fight against the cannabis black market. The government is also proposing changes in the legislation to facilitate the establishment of retail stores by licensed producers related to their production sites, which would further increase consumer access to legal retail stores.
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President Donald Trump prepares to slap new tariffs

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Investors are bracing for signs of pressure on U.S. consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released. Trump’s planned 10% tariff on the remaining $300 billion in Chinese imports, which will largely affect consumer goods, unlike the previous round that fell heavily on industrial and business products. That could be a double-whammy for the U.S. economy, which is about 70 percent driven by consumers, and retailers. The S&P Retail index .SPXRT fell a total of 5.3% in the first three trading sessions following Trump’s Aug. 1 tariff announcement. As of Thursday’s market close, the index was down 1.6% for the month so far. Morgan Stanley has estimated that 25% tariffs would lead to a global recession. Retailers will have the dilemma of deciding whether to pass the tariffs on to consumers in the form of higher prices or absorb the higher costs, which would reduce profit margins.
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