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Forex Forum Archive for 11/22/2020

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dc CB 22:26 GMT November 22, 2020
markets

By Li Hong Source: Global Times Published: 2020/11/22 16:53:12

Despite Trump's massive trade war and numerous sanctioning measures in the past four years, this country's economy has kept on growing, still at a sizzling pace. The IMF has estimated it will be the only major economy to eke out a growth in 2020, and next year, the $15 trillion Chinese economy will grow by 8.2 percent, or even higher.

Economic confrontations with China chosen by Trump's team failed to do the US, or any country in this world, any good. The buying power of Chinese businesses and Chinese households should never be diminished or looked down upon.

Australia and Canada, the two hardcore allies of the US who are very unfriendly toward China, have received a bitter lesson from Beijing. Don't trample on Chinese people's bottom lines, otherwise they will bite back.

It's time for Biden's team to partner with China to cope with virus crisis, economy

Mtl JP 22:02 GMT November 22, 2020
Monday Amazing Trader 23 November 2020

early
GBPUSD 1.32889/990

dc CB 21:56 GMT November 22, 2020
Any Questions?



Odds for gamblers---Woohan in the 3rd --- to Place.(from the people who designed and built the MooseProof SAAB)
__________________________________________________
Update (1600ET): Following comments from OWS head on CNN's "State of the Union" earlier, Dr. Fauci said Sunday that he wouldn't hesitate to take an FDA-approved vaccine, and that herd immunity won't be possible unless enough people take the vaccine.

"They’ll be able to say okay, on the basis of our determination and our advisory committee, this is the prioritization of people who will get it," he said, adding that if things go well, "and I think that they will," and the vaccines get the EUA which is expected, "we will have maybe 20 million people will be able to get vaccinated by the middle to the end of December and then as we get into January, February, even more," though Dr. Fauci said he didn't think life would go "back to normal" by May, pushing back against the optimism of Slaoui.

Dr. Fauci then said the government wants to be "very transparent" about the vaccine approval process to give people confidence because "we need to get as many people as possible vaccinated."

"If you have a highly efficacious vaccine, and only a relatively small 40, 50% of the people get vaccinated, you’re not going to get the herd immunity you need," Fauci said. "What we do need is we need to get as many people as possible vaccinated."

Mtl JP 21:54 GMT November 22, 2020
markets

they urge to resist urges
-
U.S. moves closer to 200,000 daily COVID cases; Birx and Fauci urge Americans to follow safety measures over Thanksgiving - MarketWatch

***

The Dow has completely recovered its 2020 bear-market loss. Here’s what comes next

according to Mark Hulbert at MarketWatch

Mtl JP 21:39 GMT November 22, 2020
markets

expect mainly wide spreads

Tallinn viies 21:36 GMT November 22, 2020
eurusd
Reply   
no Caps.
same same.

lakewood jjlkwd 21:11 GMT November 22, 2020
markets
Reply   
any large gaps expected at the open ?

Israel MacroMicro 20:55 GMT November 22, 2020
this is good one...

#Chine 🇨🇳 - L'aéroport de Shanghai Pudong a récemment confirmé 3 cas de #COVID19. Tous les usagers ont été informé que le test de #coronavirus est obligatoire et doit terminer à midi aujourd'hui provoquant un mouvement de foule et chaos dans l'aéroport

dc CB 20:53 GMT November 22, 2020
this is good one...

Tom Cruise staring as Jack Reacher: 'remember, you wanted this'

Armstrong Economics
Blog/Civil Unrest
Posted Nov 22, 2020 by Martin Armstrong

Resistance is Starting – Buffalo, NY Business Owners Stand Up to Cuomo Lockdown Orders

dc CB 19:50 GMT November 22, 2020
this is good one...

NY Governor Cuomo is set to soon receive an International Emmy award for his once-daily televised briefings on the coronavirus pandemic that killed tens of thousands of New Yorkers this spring.

The International Academy of Television Arts & Sciences, whose members include media and entertainment figures from over 60 countries and 500 companies, announced Friday it plans to present the award to the Democratic governor in a live-streamed show Monday.

International Academy President & CEO Bruce L. Paisner said Cuomo is being honored with the academy’s Founders Award for using his briefings to inform and calm the public. Previous recipients include former Vice President Al Gore, Oprah Winfrey, and director Steven Spielberg.

“The governor’s 111 daily briefings worked so well because he effectively created television shows, with characters, plot lines, and stories of success and failure,” he said. “People around the world tuned in to find out what was going on, and New York tough became a symbol of the determination to fight back.”

dc CB 19:46 GMT November 22, 2020
this is good one...



That was then:(chart)
Sat Night Live -- Watch TV Funhouse: The X-Presidents

THIS IS NOW.
2021 -- The Ex-Presidents-Media Wariors: Trump TV vs Obamas Netflix. Dueling propagandists

Obamas are producing a Netflix comedy series about the chaos of the 2016 Trump transition

Mtl JP 19:28 GMT November 22, 2020
Monday Amazing Trader 23 November 2020

trade aggressively
-

11/20/2020 Closes
GBP/USD EUR/GBP GBP/JPY
1.3280 0.8927 137.8700

Mtl JP 19:19 GMT November 22, 2020
Monday Amazing Trader 23 November 2020

trade aggressively
-
the first vaccines against the chinese "gift" (also called covid-19) regardless of dec. 11th availability or "95% effective"ness propaganda are currently a two-dose protocol.

dc CB 18:14 GMT November 22, 2020
Any Questions?



Californians have already recalled one governor, Gray Davis, which ended his political career. Newsom, who long has had his sights on the Oval Office, and who is related by marriage to Nancy Pelosi, is now the focus of public resentment over arbitrary restrictions in the name of Covid.(ZH)

dc CB 18:08 GMT November 22, 2020
Any Questions?



Tom Cruise staring as Jack Reacher: 'remember, you wanted this'
__________________________________________________
Demonstrators also burned coronavirus masks as a crowd was heard chanting: "Burn that mask! Burn that mask!"

In Huntington Beach, southern California, Protesters took to the streets Saturday night, minutes after California's new curfew went into effect, to speak out against Gov. Gavin Newsom's latest coronavirus curfew.

According to CBS Los Angeles, non-essential work and all social gatherings must stop at 2200 hours to 0500 hours. The demonstration billed as "Curfew Breakers" began at 2201 hours, precisely one minute after the new curfew went into effect on the beachside community. The curfew was also imposed on 41 of California's 58 counties to mitigate the spread of COVID-19.
________________________________________________
Sheriffs in 5 Southern California counties with a total population of 17.25 million people – equivalent to the fifth most populous state – are defying that state’s governor.

Bill Melugin
@BillFOXLA
We’ve now heard from every Sheriff in our SoCal viewing area. San Bernardino, Orange, Ventura, & Riverside Counties will not actively enforce the curfew order. LA Sheriff will take a voluntary compliance/education first approach, will not make any arrests related to order @FOXLA
2:54 PM · Nov 20, 2020

Minneapolis DRS2 17:50 GMT November 22, 2020
Any Questions?

The shuffling took place on Friday.

Minneapolis DRS2 17:48 GMT November 22, 2020
Any Questions?

All the US Circuit Court justices (Supreme Court judges) have been shuffled around to cover the battleground states. Kavanaugh has been assigned to 6th (Michigan), Barrett has been assigned to 7th (Wisconsin), Alito has been assigned to 3rd (Pennsylvania), and Thomas has been assigned to 11th (Georgia).

dc CB 16:49 GMT November 22, 2020
Any Questions?

we have become so much more sophisticated removing unwanted rulers.

Nov 22 12:30PM 1963

dc CB 16:40 GMT November 22, 2020
Any Questions?

JPMorgan Admits It Was Wrong About End Of Bitcoin Bull Run, Renews $140,000-Plus Price Forecast

"Mechanically, the market cap of bitcoin would have to rise 10 times from here to match the total private sector investment to gold via ETFs or bars and coins..."

dc CB 16:38 GMT November 22, 2020
Any Questions?

On Sunday morning, White House vaccine czar Dr. Moncef Slaoui told CNN's Jake Tapper that a coronavirus vaccine could be available by Dec. 11. The doctor also talked up the potential of the vaccine, saying data showing the vaccine to be "95% effective" surpassed expectations, and offers almost a "full insurance policy" against the virus.

Israel MacroMicro 16:24 GMT November 22, 2020
Any Questions?

Hong Kong will give a one-time HK$5,000 to anyone in the city who tests positive for Covid-19 to encourage people to take tests for the virus, Health Secretary Sophia Chan said.

The Labour and Welfare Bureau will announce details of the handout plan, Radio Television Hong Kong cited Chan as saying in a radio interview. She said the government is setting up another five community testing centres, adding to the four already in operation, according to the report.

Hong Kong will impose new social restrictions as local coronavirus cases spike, prompting an announcement Saturday that a planned travel bubble between Hong Kong and Singapore would be postponed for two weeks.

The city reported 43 on Saturday, the most in three months. The figure included 13 locally transmitted infections whose source was untraceable, suggesting there may be super-spreaders in the city.

Hong Kong issued its first compulsory testing order Sunday, requiring people who been on the premises of any of 14 dance centres this month to be screened. The businesses have been linked to a cluster of fresh cases and will be shut for five days through Nov 26, according to a government statement.

The cluster shows the “existence of many silent transmission chains in the community,” a spokesman for the Food and Health Bureau said in the statement. At least 32 cases have been linked to this group, RTHK reported.

dc CB 16:18 GMT November 22, 2020
Any Questions?

Kyle Cheney
@kyledcheney

TRUMP'S LAST 48 HRS:

-GA certified vote over Trump objection
-MI lawmakers refuse to intervene for Trump after WH meeting
-AZ's largest county certifies, rejects fraud claims
-PA judge tosses Giuliani-led lawsuit

MONDAY: Michigan/PA counties set to certify
7:12 PM · Nov 21, 2020

********************************
It's going to the Supreme Court, no doubt about it. ***************

dc CB 16:07 GMT November 22, 2020
Any Questions?

Finland’s leftist Prime Minister Sanna Marin has warned that lockdowns and other restrictive COVID measures will trigger a huge ‘populist backlash’ against governments and politicians in Europe.
Speaking with the Financial Times, Marin predicted that draconian restrictions “will cause protests more and more, and it’s a breeding ground for populist movements across Europe.”

“When you’re closing an economy and people’s workplaces, it will cause political instability. Populists come with easy answers to difficult problems, but their solutions are rarely the right ones,” she added.



“The situation will get even more difficult if we don’t implement a common strategy together,” Marin added.

“I think that the situation might get even worse and people might get even more tired. The situation has got worse in the autumn. People often want to find someone to blame and often the easiest ones to blame are the governments and politicians,” Marin said, predicting more uprising in response to restrictions.

Anti-lockdown protests are already raging across Europe, with angry citizens taking to the streets in Spain, Germany, France, Italy, the UK and beyond

https://www.zerohedge.com/geopolitical/european-leader-predicts-covid-hell-will-trigger-monumental-populist-backlash

Berlin

dc CB 15:59 GMT November 22, 2020
Any Questions?
Reply   
Via Off-Guardian.org,

An appeals court in Portugal has ruled that the PCR process is not a reliable test for Sars-Cov-2, and therefore any enforced quarantine based on those test results is unlawful.
Further, the ruling suggested that any forced quarantine applied to healthy people could be a violation of their fundamental right to liberty.

Most importantly, the judges ruled that a single positive PCR test cannot be used as an effective diagnosis of infection.
The ruling goes on to conclude that, based on the science they read, any PCR test using over 25 cycles is totally unreliable.

Governments and private labs have been very tight-lipped about the exact number of cycles they run when PCR testing, but it is known to sometimes be as high as 45. Even fearmonger-in-chief Anthony Fauci has publicly stated anything over 35 is totally unusable.

The media reaction to this case has been entirely predictable – they have not mentioned it. At all. Anywhere. Ever.

The ruling was published on November 11th, and has been referenced by many alt-news sites since…but the mainstream outlets are maintaining a complete blackout on it.

The reddit Covid19 board actually removed the post, because it was “not a reliable source”, despite relying on the official court document.

https://www.zerohedge.com/political/portuguese-court-rules-pcr-tests-unreliable-quarantines-unlawful

haifa ac 09:56 GMT November 22, 2020
Delierance...move over Burt Reynolds
Reply   
" hundreds of thousands of Americans who lost traditional jobs in retail and service—on showroom floors and inside restaurants—have found new ones working in online order fulfillment and delivery. Even those who retained their jobs are seeing their roles shift to address these new conduits for economic activity."

https://www.wsj.com/articles/four-reasons-the-stay-at-home-economy-is-here-to-stay-11605934806

In other words, consumerism is NOT going away as Pope Francis is pleading:

"Francis said: “Once the present health crisis has passed, the worst reaction would be to fall even more deeply into feverish consumerism and forms of selfish self-protection.”

https://www.catholicworldreport.com/2020/11/21/pope-francis-encourages-young-economists-to-learn-from-the-poor/

Israel MacroMicro 06:19 GMT November 22, 2020
this is good one...

kid, we give the toy to another kid. so, who is in power to decide who is the POTUS?!


https://www.forbes.com/sites/tommybeer/2020/11/21/twitter-will-give-potus-account-to-biden-on-jan-20-even-if-trump-doesnt-concede/



have a greater weekend !

Israel MacroMicro 06:15 GMT November 22, 2020
this is good one...

Superman's cocktail available to the "public"

https://mobile.twitter.com/US_FDA/status/1330311880615845888

Israel MacroMicro 06:11 GMT November 22, 2020
this is good one...

cb

Trump's "ALL IN" weapon?


https://www.youtube.com/watch?v=Y68pEknYyCM

Israel MacroMicro 06:01 GMT November 22, 2020
Buy cable big time

is this the FT article?
___________________



'Peter Guilford November 21, 2020

The writer is a former EU trade spokesman and co-founder of Shearwater Global

With the Brexit deadline looming on December 31, I recall a former chief EU trade negotiator saying, one day before the end of a major world trade round that had dragged on for a dozen years: “There’s plenty of time. We have 24 hours left. What are you worrying about? This is when the EU starts negotiating.” The deal was struck that very night.

I have little doubt there will be a Brexit deal, although the EU’s skill at playing things down to the wire is legendary. Together with Britain’s apparent unpreparedness, this is causing widespread jitters in the press and on social media, and uncertainty in the economy and among businesses. Yet for Brussels this is a normal day at the office. The EU Commission’s job is to broker deals between forces bigger than itself, within Europe and outside. It has nerves of steel, the hide of an ox and no fear of cliff edges.

The stakes in that former negotiation — the so-called Uruguay Round — were higher than those of Brexit: more countries were involved, there were more sticking points and a less united EU, not to mention entrenched opposition from European and US farmers to a deal at all. Brexit should be easy by comparison, as Britain is merely adjusting the trading arrangement it has had with the EU for almost 50 years.

My optimism stems from two factors. The first is that there is no powerful actor in the Brexit arena that opposes a deal. Noisy yes, but powerful no.

British fishermen can kick up a stink in the tabloids, especially in Scotland given renewed sensitivities about Scottish independence. But Whitehall knows that fishing overall matters little to the economy. The same is true of the hardline Brexiters in Westminster who drive much of the anti-EU rhetoric. Boris Johnson’s parliamentary majority means this tail no longer wags the Tory dog. Dominic Cummings’ departure from Downing Street will further dilute the revolutionary streak within the Brexit camp.

Meanwhile on the EU side, no member state opposes a deal. The one constituency that could cause deadlock — fish, again — is divided between several EU countries and controls none of them. In short, there is no single emotive issue — like, say, agriculture — causing a big country to dig in its heels, as there often were in the major trade negotiations of old.

The EU is steamed up about Britain undercutting its state aid regime, but this will hardly bring French, Germans, Italians or Spaniards on to the streets. And on this, as on other outstanding issues, the poison can always be drawn by setting up vague “principles” or creating another technical committee. The EU has a drawerful of creative solutions for kicking an issue down the road and out of the headlines.

My second reason for optimism is geopolitical. With Donald Trump set to leave the White House, Brussels and London will work hard to restore transatlantic ties. Britain knows the EU matters to US president-elect Joe Biden, while the EU knows London’s ties with Washington run deeper than its own. A Brexit deal is the best gift they could make jointly to the incoming president, assuming his fears over the Irish border and the Good Friday peace agreement are allayed. Moreover, the perceived threat from China dwarfs any disagreements over Brexit. Britain, Europe and the US need each other like never before.

My confidence that there will be a deal wavers only when I consider the psychology of Brexit. The EU is driven by the head, but Brexit comes from the heart. It is a case of economic self-interest meets identity politics, and the EU is not accustomed to this.

EU negotiating positions are typically a mixture of logic and tactics: explore the economic needs of its key countries (Germany, France, Spain, Italy and Poland, in that order); weave a compromise between them; then throw in a few morsels to buy off smaller EU countries, while building in some negotiating slack for the end-game. If the result looks good for the European economy as a whole, it becomes the basis for a negotiation.

Finally, the commission must prepare for “hostage-taking”: any last-minute demand by an EU country, possibly unrelated to Brexit, in return for its support. EU cash usually does the trick. But if it is a bigger issue — such as Spain and Gibraltar’s sovereignty — things could get messy. But the commission will have planned ahead for such crises too.

The problem with Brexit is that the referendum was seen in EU circles as a reaction to grievances largely unrelated to EU membership. The EU assumes that, even down to the wire, London does not know what it wants — but needs to make voters feel sovereignty has been restored. So, when the commission finally puts its negotiating steamroller into top gear, it could face some surprises. Here too though, ever-prepared, it will have done its crisis planning.'

Mtl JP 02:23 GMT November 22, 2020
Buy cable big time

Abel let me know when the "fat one" has sung plz
tia

FW CS 01:39 GMT November 22, 2020
Buy cable big time

Is a Brexit deal bullish Euro too?

Jkt Abel 00:46 GMT November 22, 2020
Buy cable big time
Reply   
Buy GBPUSD
Entry: Target: Stop:

Deal to be reached

Brexit deal a certainty

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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