Forex Forum Archive for 04/05/2020

GVI Forex 23:21 GMT April 5, 2020
Risk on start
Reply   
New York Reports First Decline in Daily Coronavirus Deaths

New Jersey�s deaths and new cases also slow on Sunday

Cuomo says he hopes virus is at �plateau� but too early to say

dc CB 22:53 GMT April 5, 2020
this is good one...

Why are people listening to Bill Gates.
His entire fortune is built on a buggy operating system..currently V 10 that has made many others very rich designing and selling Computer Operating Virus Protection for Windows.
Virus protection pgms that everyone who goes on-line these days knows, without such Extra add ons to Windows ----You and your device will be hosed.

Just sayin'

Mtl JP 22:48 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

earlier GBP gap now POOF !

Mtl JP 22:46 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

USDYEN 108.43
-
Abe seen declaring coronavirus emergency for Japan soon
Officials talk of decision any day now as COVID-19 cases jump

YUKI FUJITA, Nikkei staff writer APRIL 06, 2020 05:33 JST

AT Trader john 22:17 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

Late Friday WTI $29.92

AT Trader john 22:12 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

WTI Prices GAP open lower... $27.65


Talks break down..

Oil at risk Monday? -- CNBC.com

Mtl JP 20:51 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

GBP 1.2269 friday
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British PM Boris Johnson admitted to hospital for tests over 'persistent' coronavirus symptoms - CNBC.com - 25 mins ago

puppy should open down is my hunch

Mtl JP 19:55 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

Last week, and probably this coming week, trading has been and likely to continue to be , flow-driven more than be driven by fundamentals.

GVI Forex Blog 18:21 GMT April 5, 2020
Forex View: How to Trade a Pre-Easter Market
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The week ahead of the long Easter break is one where the forex market is generally dominated by book squaring and position adjustments rather than taking on fresh risk. This is especially true this year

Forex View: How to Trade a Pre-Easter Market

dc CB 17:03 GMT April 5, 2020
NHS...only a stiff upper lip permitted
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A healthcare worker in north-west London quit her job after she was refused permission to wear a protective face mask, the Guardian has learned.

In her resignation letter (below), Tracy Brennan chastised her superiors at Hillingdon Hospitals NHS foundation trust for forbidding her from wearing a surgical mask she had bought to protect herself � and the patients she was caring for � from contracting the deadly virus.

NHS worker quit when she was stopped from wearing face mask

dc CB 16:53 GMT April 5, 2020
Winners and Losers

Sunday on NBC�s �Meet the Press,� U.S. Surgeon General Dr. Jerome Adams said the next week of the coronavirus pandemic in the United States would be �our Pearl Harbor moment. It�s going to be our 9/11 moment. It�s going to be the hardest moment for many Americans in their entire lives, and we really need to understand that if we want to flatten that curve and get through to the other side, everyone needs to do their part.�

dc CB 16:46 GMT April 5, 2020
Winners and Losers

Sunday on ABC�s �This Week,� former Vice President Joe Biden said President Donald Trump should have stopped air travel from China sooner than he did to fight the coronavirus pandemic:

�Well, you know, 45 nations had already moved to keep � to block China personnel from being able to come to the United States before the president moved. "

PAR 15:02 GMT April 5, 2020
THE SEARCH FOR INCOME

Negative and zero rates caused companies, governments and people to overspend and over borrow.

We'll see where we go from here.
Draghi did not save Europe he showed the seeds of it's destruction.

dc CB 14:55 GMT April 5, 2020
Oh Canada
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The letter, dated March 23, 2020, was written by Dr. Allan Bell, a medical director and chief of emergency medicine at Quinte Health Care (QHC) in Belleville, Ont., a region in eastern Ontario that services hospitals in Belleville, North Hastings, Trenton and Prince Edward County.

It outlines suggestions on how to prepare long-term care administrators for potential COVID-19 outbreaks in their respective homes. It reads in part:

"Having this conversation pre-emptively is very important. It gives families time to digest the information when they are not in a crisis situation and, should an outbreak happen, it is difficult to manage all of the conversations at once," reads the letter in part, while also recommending against hospital visits - citing a shortage of medical options for frail patients.

"Our critical care colleagues are of the strong opinion that ventilator treatment will not make a survival difference to patients who are frail and ventilator support is very unlikely to be offered," the letter continues "for those residents who go on to develop respiratory failure, care needs to focus on the provision of comfort to ease suffering at the end of life."

Ontario long-term care homes preparing families for the worst

dc CB 14:46 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

Indeed the aggressive war of words has started, with Putin offering a biting Russian narrative aimed at the Saudis in remarks Friday: �It was the pullout by our partners from Saudi Arabia from the OPEC+ deal, their increase in production and their announcement that they were even ready to give discounts on oil� that drove the crash alongside the double-whammy of the coronavirus-driven drop in demand, Putin said according to Bloomberg.

�This was apparently linked to efforts by our partners from Saudi Arabia to eliminate competitors who produce so-called shale oil,� Putin continued. �To do that, the price needs to be below $40 a barrel. And they succeeded in that. But we don�t need that, we never set such a goal.�

Thus in one fell swoop Putin, ironically enough, framed the new 'war on US shale' as in reality a Saudi dirty little secret and motive despite all spin to the contrary, perhaps also seeking to inject division and tension in the close Washington-Riyadh alliance.

Putin: Oil Glut Is Really About Saudi Desire To Crush US Shale

haifa ac 13:03 GMT April 5, 2020
THE SEARCH FOR INCOME

Will future economists say that zero interest rates caused people to overspend because saving is impossible?

PAR 12:46 GMT April 5, 2020
THE SEARCH FOR INCOME
Reply   
No Job, no income

Shut down businesses, no income

Negative interest on deposits, no income

Negative interest on bonds, no income

No dividends on stocks, no income

Real estate, renters no longer pay the rent, no income

Gold, no income

Unprecedented times.

haifa ac 12:42 GMT April 5, 2020
Winners and Losers

Since Jan/2019 many more millions of Americans joined that line of people who do not have more than ONE MONTH saving in their bank. They will suffer badly.

carpe diem, make the best of the present moment 8-- will be very costly.

Isaiah 22
"
13 But see, there is joy and revelry,
slaughtering of cattle and killing of sheep,
eating of meat and drinking of wine!
�Let us eat and drink,� you say,
�for tomorrow we die!�

14 The Lord Almighty has revealed this in my hearing: �Till your dying day this sin will not be atoned for,� says the Lord, the Lord Almighty. "

haifa ac 12:16 GMT April 5, 2020
Winners and Losers

Oldie but goodie

Mtl JP 16:04 GMT January 13, 2019
Winners and Losers: Reply
Winners and Losers
---------------------
In a cry me a river piece by Taylor Telford in a bezos-owned rag

Now on Craigslist, Facebook: Household items from furloughed workers trying to make ends meet

..."In the United States, living paycheck to paycheck is disturbingly common, regardless of profession or location. A recent report from the Federal Reserve revealed how little cushion most Americans have in their budgets: Four in 10 adults (how 4/10 is "most" taylor does not explain) say they couldn�t produce $400 in an emergency without sliding into debt or selling something, according to the figures that surveyed households in 2017, a relatively prosperous year for the American economy." ...

AT Trader john 12:15 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

Talks break down..

Oil at risk Monday? -- CNBC.com

AT Trader john 12:08 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

LATE Friday
DJ: -361
SP: -38.3

2-yr 0.227% +0.7
Spread 10s-2s +38.0 (+36.8)

10-yr
US: 0.607% -2.3
UK: 0.315% +0.5
DE: -0.443% +0.5

EURUSD MACRO TREND: NEGATIVE
Spot Rate (Pivot Point)
EURUSD 1.0808 (1.0815)
GBPUSD 1.2259 (1.2292)
EURGBP 0.8814 (0.8797)
USDJPY 109.38 (109.723)

This Week 1.1144-1.0773 (371 pips)

fri: 1.0864-1.0773 (91)
thu: 1.0969-1.0821 (148)
wed: 1.1038-1.0903 (135)
tue: 1.1055-1.0927 (128)
mon: 1.1144-1.1010 (134)


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20-day avg: 1.0994
50-day avg: 1.0982
100-day avg: 1.1040
200-day avg: 1.1067

Mtl JP 10:11 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

some fresh sentiment headlines from BBRG:
- Biggest Arab Economies Hit by Virus With Record Declines in Gulf
- Aramco Delays Oil Pricing Amid Saudi-Russia Row on Oil Cuts
-- - The OSPs, as the prices are known, were due to be published on Sunday.
- Mideast Markets Mixed With All Eyes on OPEC+ Meeting: Inside EM
- Trump Steps Up Oil Tariff Threat Amid Saudi-Russia Rift
-- - to protect the U.S. energy industry from a historic glut of oil
- Ripping Up Europe�s Insolvency Rules Won�t Save Its Companies

- Queen Will Seek to Calm U.K. Over Virus in Address to Nation
-- - �I hope in the years to come everyone will be able to take pride in how they responded to this challenge,� the Queen will say in a pre-recorded address according to the BBC

Paris ib 09:45 GMT April 5, 2020
this is good one...

Fairy tales everywhere you look!

Thomas Cowan

haifa ac 04:57 GMT April 5, 2020
this is good one...

Melodramatic, but poor article.
However, the main theme is correct, of course:
If you watch world history you see the most empires, large systems, greedy business people have collapsed when corruption, avarice, spoiledness have gone wild
Rome collapsed under corruption...
Malcolm McLean collapsed believing oil will go to 150...
Most children of very rich people--turned to zeroes ...
The great Prophets of the Bible (Isiah, Amos,Jeremiah...) pontificate against excess corruption of judges and wealthy people...
Hitler died from the overdose of drugs Theodor Morell injected him several times a day...

OVER INDULGENCE NEVER added to the strength and sturdiness of a nation or any society.
We have reached a stage where the LUXURY industry (cruises, restaurants, lavish cosmetics, grandiose homes, clothes, cars, parties....) has become the largest part of our economy. It is also the LEAST crucial part of life--and therefore most fragile! On Maslow's hierarchy of needs---greed and avarice rate very low. This is why the whole economy came to a halt just because cruise industry failed.

Most likely it is mother Nature (whom it is NOT NICE to fool) saw it fit to correct this imbalance. Maybe, after the Corona, humanity will realize that modesty, unselfishness, introspection, are not so bad. That the blue bird is actually in our own backyard and that a Maserati is NOT the raison d'etre of life.
Nahhhh.

dc CB 01:08 GMT April 5, 2020
Monday Amazing Trader 6 Apr 2020

Even if restrictions were eased by mid-April, 61% of Americans would still stay at home when possible � while only 19% said they�d go back to their regular life.

�The results, however, do suggest the majority of the public is hunkering down not merely out of duress, but also out of their own genuine concerns ― and that they�re prepared to continue doing so for at least some time,� the Huffington Post noted.

�Only about one-quarter of Americans say they expect things will soon go back to normal in the country, with 62% foreseeing lasting effects on the nation. The rest are unsure what will happen.�

NY Post

dc CB 00:12 GMT April 5, 2020
this is good one...

and watching Netflix ---watch all you want for free.

a really good thing for this co to do. (no sarcasm implied) rewarded on the other side of this.

My pick for Sat Fright Nite below

(last) Train to Busan

dc CB 00:00 GMT April 5, 2020
this is good one...

Today's 'Polity Flippity Flopity'.

Joe Biden Now Supports Trump�s China Travel Ban He Said Was �Hysterical Xenophobia�