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Forex Forum Archive for 04/08/2020

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Caribbean! Rafe... 23:18 GMT April 8, 2020
wfakhoury 100% guaranteed

Should get on the radio. Gravy Leader to Craven... TtTttTttalk to me Johhny...

Caribbean! Rafe... 23:13 GMT April 8, 2020
wfakhoury 100% guaranteed

An exceptionally thick rope, for the unlawful representations. And applicable only if x amount of people are cheated and the amounts accumulate and aggregrate to a monetary amount irrespective of gain or loss, whether or not greater than or equal to 1 pip. Mice nibbling on cheddar cheese...

Mtl JP 22:44 GMT April 8, 2020
this is good one...

imo this takes the cake:
"Wells Fargo Gets a Break to Make Small-Business Loans"

GVI Forex Blog 20:36 GMT April 8, 2020
Chart Points: Free Forex Database For 8 April 2020
Reply   

forex rate database image

Global-View Free FX Database. High-Low-Close data for more than a dozen currency pairs for over seventeen years of data in an Excel spreadsheet format.

Global-View Daily Trading Chart Points

Chart Points: Free Forex Database For 8 April 2020

AT Trader john 20:09 GMT April 8, 2020
Thursday Amazing Trader 9 April 2020

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

Thu 9 Apr 2019
A 06:00 GB- Output, Trade, GDP
A 11:30 EZ- ECB Minutes
A 12:30 US- Weekly Jobless
AA 12:30 CA- Employment
AA 12:30 US- PPI
A 14:00 US- Flash Univ of Michigan
Fri 10 Apr 2020
Various-- Good Friday Holiday
A 12:30 US- CPI


london red 20:06 GMT April 8, 2020
Breaking News

in any case, a strong close. tomorrow any weakness is likely to be bought for a run at 2850/55. mkt will be supported by 2685/2700. in the event of a strong finish tomorrow (and so end of wk), its quite poss to see 3015 nxt week. closing at highs for week suggests a test higher at some point in week -if they go down first, it would suggest a close of week up at 3000, that i cant see. but i can see early run higher in week which is then faded. say from 3000-3015 and down.

AT Trader john 20:05 GMT April 8, 2020
Thursday Amazing Trader 9 April 2020
Reply   
LATE Wednesday
DJ: +772
SP: +89.9

2-yr 0.248% -3.4
Spread 10s-2s +48.9 (+46.1)

10-yr
US: 0.737% +0.3
UK: 0.379% -0.3
DE: -0.305% +0.5

EURUSD MACRO TREND: NEGATIVE
Spot Rate (Pivot Point)
EURUSD 1.0866 (1.0866)
GBPUSD 1.2395 (1.2388)
EURGBP 0.8864 (0.8783)
USDJPY 108.80 (108.80)

This Week 1.0926-1.0784 (142 pips)
wed: 1.0902-1.0830 (72)
tue: 1.0926-1.0784 (142)
mon: 1.0835-1.0780 (47)
fri: 1.0864-1.0773 (91)
thu: 1.0969-1.0821 (148)


Sign up now for your invaluable report

How To Turn Your Forex Trading Into A Business

20-day avg: 1.0915
50-day avg: 1.0971
100-day avg: 1.1034
200-day avg: 1.1061

Global-View Daily Trading Chart Points





dc CB 19:47 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020



dc CB 14:34
The 'Tesla' Stock of the Chinese Virus Pandemic.
(how is this stock rising?)

Buzzfeed reports that Google has banned employees from using Zoom on company laptops and computers because of the security risks associated with the software, according to internal company emails.

london red 19:31 GMT April 8, 2020
Breaking News

back end of session if breaks 2750 likely to bust yest high of 2756 and hit 2770 within minutes.

london red 18:57 GMT April 8, 2020
Breaking News

they keep trying but wti lower highs for a few days now...

dc CB 18:44 GMT April 8, 2020
Breaking News

with a little help from our friends
(USO is the ETF that holds front month WTI Futures)

Crude Soars, USO Halted After Algeria Says OPEC+ Production Cuts Could Reach 10MMb/d

london red 18:35 GMT April 8, 2020
yests wick close to being negated. a break abv yest high means 2855 by tomorrows close

PAR 18:34 GMT April 8, 2020
North vs South

Meanwhile French finance minister on French tv is promising fiscal relieve and state support for everybody and every company in France. Billions and billions.
He says he loves debt, debt and debt.

Especially European debt for everything French.

AT Trader john 18:24 GMT April 8, 2020
Breaking News
Reply   
Fed minutes non-event as expected.

dc CB 18:14 GMT April 8, 2020
We're not broke it's the PANDEMIC

NY Updates

New York reached another important milestone today: It has surpassed Italy in terms of total cases, meaning New York State now has more cases than any single country ex-US.

(than any single country??? even China?)

swiss frank 17:45 GMT April 8, 2020
North vs South

And now back to watching Ozark S3. Highly recommend.

swiss frank 17:42 GMT April 8, 2020
North vs South

hahaha JP you keep asking but my view is 1.0000. Can it blip up to 1.058 or 1.06 something? For sure. Its somewhat comforting knowing that you have the SNB meddling on your side...

Forgot to add that the guy earlier sited the blip in the € from 1.0880 to 1.0830 in about 10 minutes right on the european open as real flow. The only thing that stopped and turned it was the garden gnome. But have to emphasize I have no idea what information he has to back that.

Mtl JP 17:38 GMT April 8, 2020
North vs South

frank have a view on eurchf here at ~1.0550-ish ?
I am tempted uP

swiss frank 17:33 GMT April 8, 2020
North vs South

Was talking with a guy earlier. Just his view as in no inside verifiable information. He thought with this backgound of N vs S and the potential long run harm it will do to relations, if it weren't for SNB meddling that €/$ would be testing the recent lows.... Who knows...

swiss frank 17:29 GMT April 8, 2020
North vs South

I'm not sure but I don't think the Germans are for corona bonds. I think the germans prefer an aid sort of deal or having the Italians just borrow on their own at the special 0.00% rate as opposed new issue of the beer bonds. But I don't really know. Its just crazy as numbers persist at very high levels in both Spain and Italy but Spain talks of relaxing the confinement on Monday. I wish them luck!

dc CB 17:28 GMT April 8, 2020
30 Y Done
1.325% bid to cov 2.35
Last month
1.320 b to c 2.36
buyers: Primary, Directs, Indirects essentially same

UP NEXT
inside the mind(?) of the FED..
Minutes up at the top of the hour

london red 17:15 GMT April 8, 2020
North vs South

surprised to hear the germans were for it. surely since they must be the backstop, they would prefer to spend on themslves or, as presently, keep their powder dry for only they know what. but even that is more sensible than eurobonds for them. for greece yes, but for them no.

PAR 17:06 GMT April 8, 2020
North vs South

That's fake news coming from France's finance minister.

Plenty of other countries don't want Macron's Eurobonds.E.g. Austria, Luxembourg, Germany, Belgium etc

He is just trying to isolate the Netherlands and put the Netherlands in bad light. Lousy tactics.

Coronabonds are illegal and just kick the can down the road.

That after meeting for 16 hours. Crazy.

dc CB 16:42 GMT April 8, 2020
We're not broke it's the PANDEMIC

Vermont Sen. Bernie Sanders suspends presidential bid
ABC News 11:30 AM

No Garden For You!!!

swiss frank 16:39 GMT April 8, 2020
North vs South
Reply   
Strike 4

EU finance ministers have failed again in their fourth attempt to provide a joint response, at least in the short term, to the social and economic crisis caused by the Covid-19 pandemic in Europe. After 16 hours of negotiations, the finance officials of the Twenty-seven have confirmed on Wednesday morning that it was not possible to lift the blockade that they were maintaining on the agreement between Italy and the Netherlands. The Eurogroup decided to meet again tomorrow Thursday to try to unlock a package of loans totaling almost half a trillion euros.

dc CB 16:22 GMT April 8, 2020
GBPUSD 12285

Amman v Zeus
ShorTimer v Big Scorer
lol.

Amman wfakhoury 16:19 GMT April 8, 2020
GBPUSD 12285

Previous signal :
The close above 12400 means 12420 is coming

Amman wfakhoury 16:14 GMT April 8, 2020
GBPUSD 12285

Into strong buy mood.

Paris ib 16:11 GMT April 8, 2020
Flights in and out of Dubai

"Washington is preparing for a new round of military confrontation with Iran and its allies in the region"...

Next thing to watch for. Financial market implications are unclear.

Conflict in Strait of Hormuz

hk ab 16:06 GMT April 8, 2020
GBPUSD 12285

short from 1.24xx and above .6250.......

Let's see if GV effect will help me to push it down.

Amman wfakhoury 16:02 GMT April 8, 2020
GBPUSD 12285

I will buy again at 12376

GVI Forex 16:02 GMT April 8, 2020
Amazing Trader Update: GBPUSD

High was 1,2719. See below

Amazing Trader Update: GBPUSD
GVI Forex 13:47 GMT 04/08/2020 - My Profile
Next AT levels 1.2395 (tested, holding so far), then 1.2419 (just in case)

london red 16:01 GMT April 8, 2020
RISK

yup premiums came dwn a bit this week but still sky high compared to normal. have been trying to hedge a potential gbp clip but just not workable yet.
looks like stocks want to test yest high before any chance of decline. a breach of yest daily wick takes you up to 2800 pretty fast. uncalled for, but if it blows it blows.

dc CB 15:53 GMT April 8, 2020
RISK

attempting to 'get shorty' for the long weekend using Monthly Options (exp Ap 17) in the Index ETFs - SPY, DIA, QQQ - (SnP, Dow, Nas 100).

Finding elevated implied volitity --- AKA high premiums.
SPY 44%, DIA 49%, QQQ 42.5%
Translation - even if you are right in direction, as time/vol collapse you won't make as much as you think.

Amman wfakhoury 15:47 GMT April 8, 2020
GBPUSD 12285

12390 is coming

HK Kevin 15:40 GMT April 8, 2020
GBPUSD 12285

Stop in place for my short piosition at 1.2385 earlier

Jkt Abel 15:31 GMT April 8, 2020
GBPUSD 12285

Short cable got slaughtered. GV effect

Mtl JP 15:25 GMT April 8, 2020
We're not broke it's the PANDEMIC

u picked a fine time loosie ...

‘Lost faith’: EU’s top scientist Mauro Ferrari quits over coronavirus response

European Research Council’s Mauro Ferrari had proposed a special programme to combat Covid-19, but was rejected

dc CB 15:21 GMT April 8, 2020
We're not broke it's the PANDEMIC

A November intelligence report by the National Center for Medical Intelligence (NCMI) outlined concerns over what is now known as the COVID-19 pandemic - warning that it could be a "cataclysmic event," according to ABC News, citing two officials familiar with the document's contents. "It was then briefed multiple times to" the Defense Intelligence Agency, the Pentagon’s Joint Staff and the White House."

"The timeline of the intel side of this may be further back than we’re discussing," said one of ABC's sources. "But this was definitely being briefed beginning at the end of November as something the military needed to take a posture on."

***The report was the result of analysis of wire and computer intercepts, coupled with satellite images. It raised alarms because an out-of-control disease would pose a serious threat to U.S. forces in Asia -- forces that depend on the NCMI’s work. And it paints a picture of an American government that could have ramped up mitigation and containment efforts far earlier to prepare for a crisis poised to come home. -ABC News
All of that culminated with a detailed explanation of the problem that appeared in the President’s Daily Brief of intelligence matters in early January, the sources said. For something to have appeared in the PDB, it would have had to go through weeks of vetting and analysis, according to people who have worked on presidential briefings in both Republican and Democratic administrations. -ABC News*******************

Recall that House Democrats finally delivered formal articles of impeachment against Trump to the Senate on January 15, right after the coronavirus made it to Trump's daily briefing.(ZeroHedge)

dc CB 15:12 GMT April 8, 2020
RISK
Reply   
Several internet platforms have been hit with reports of outages Wednesday, as users reported difficulty accessing Gmail, Google Cloud, Pinterest and Snapchat according to Downdetector.com.

"We are investigating an issue with elevated error rates across multiple Google Cloud Platform Services," according to Google's cloud status dashboard.

twitr link

dc CB 14:57 GMT April 8, 2020
We're not broke it's the PANDEMIC

a reminder - Presidential CandyDate Bernie Sanders is and has been for many years a US Senator from the great state of VERMONT.
____
Today in LockDown Nation.
*******************************************
Why you might see the sports and toy aisles blocked off at Walmart

Large Vermont retailers such as Target, Walmart and Costco are now required to limit the sales of non-essential items in order to mitigate the spread of COVID-19.

The directive was announced by the Agency of Commerce and Community Development on Tuesday. The agency hopes it will reduce the overall number of people going into stores to purchase items such as clothing, electronics and toys during the state's "Stay Home, Stay Safe" executive order.

According to the news release, large retailers must cease in-person sales of items that include, but are not limited to:
*Home and garden.
more.....

Burlington Free Press

Amman wfakhoury 14:53 GMT April 8, 2020
GBPUSD 12285

exited 12370 at 12395

Tallinn viies 14:45 GMT April 8, 2020
eurusd
Reply   
OVERALL U.S. FUEL DEMAND HAS DROPPED BY ONE-THIRD IN LAST THREE WEEKS - EIA - Reuters News

dc CB 14:42 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

IEA/DOE
Crude + 15.2mb
Gasoline + 10.5mb

dc CB 14:34 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020



The 'Tesla' Stock of the Chinese Virus Pandemic.
(how is this stock rising?)
____________________________________________

the Zoom installer was installing mini-web servers on your computer, and it wasn't even taking them off when you uninstalled Zoom, leaving your device open to all manner of vulnerability. It took Apple acting on its own to push out an unscheduled update to fix Zoom's problem before they got to it.

Last week we outlined how Zoom was sending telemetry data about you to Facebook, even if you don't have a Facebook account.

Let's Make This Simple: Zoom Is Malware

Amman wfakhoury 14:09 GMT April 8, 2020
GBPUSD 12285
Reply   
I will add buy at 12370

GVI Forex 13:47 GMT April 8, 2020
Amazing Trader Update: GBPUSD

Next AT levels 1.2395 (tested, holding so far), then 1.2419 (just in case)

The Amazing Trader

london red 13:38 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

s&p. if can hold this hrly wick into close of hr then chance to finally test shs neck. just under 2640/6 zone c 2625

HK Kevin 13:34 GMT April 8, 2020
GBP/USD

hk ab 12:14 GMT , sold Cable at 1.2385 earlier with a reasonable stop above 1.24 . Hope it's not a unrewarding trade. Actually, I don't think it will trade above 1.24 is the downward trend remain intact.

PAR 13:25 GMT April 8, 2020
FRANCE -MACRON _ CORONABONDS
Reply   
France built up so much debt over the last few years that it is becoming afraid of the financial markets

Macron - who organized municipal elections in France right at the start of the Corona outbreak, mobilizing millions of people - bears a big responsibility in the France debt built up. First as minister of economy and then as president.

Macron is becoming a dividing factor in Europe. Don't listen to his words, see what he is and has been doing.

Macron wants CORONABONDS whatever.
Coronabonds are no solution. This is just kicking the can down the road.

Amman wfakhoury 13:17 GMT April 8, 2020
wfakhoury 100% guaranteed

Next close below 12340 will reach to 12285.
This signal will be active for many times.

Amman wfakhoury 13:14 GMT April 8, 2020
wfakhoury 100% guaranteed

I think they will make an exception for me.

Israel MacroMicro 13:14 GMT April 8, 2020
Buy GBPAUD
Entry: 1.9965 Target: Stop:

LONG

Mtl JP 13:03 GMT April 8, 2020
wfakhoury 100% guaranteed
Reply   
wfakhoury 100% guaranteed / provide a link to advertised "100% guaranteed"

else deal with CFTC Rule §48.11 Unlawful representations

hk ab 12:14 GMT April 8, 2020
Zeus san, many thanks and I fully concur your view.

First join will be short gbp around 1.24 area.

USA ZEUS 11:41 GMT April 8, 2020
GBP/USD

hk ab 10:08 GMT 04/08/2020
Ab san - Hello friend. Buying physical on dips for the long haul is the current strategy. Additionally, buying more physical silver in ratio vs gold.

Short more GBP/USD at 1.2361

Be safe.
Cheers!

GVI Forex 11:17 GMT April 8, 2020
Amazing Trader Update: GBPUSD
Reply   


GBPUSD 1.2351

AT 15 minute chart has been in a bullish pattern, suggesting to be long or at a minimum no rush to go short.

Currently in a resistance zone at 1.2351-57 (beyond that is 1.2370 and 1.2284).

The Amazing Trader

Mtl JP 11:00 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

red 22:20 / I was taken by your 14:20 April 7 theres the opening gap to fill, while losing all of todays futs gains into close would leave a nice long wick on the daily, suggestive of weakness tomorrow. fore-sight

london red 10:19 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

nice shs on futs but guess they may try higher first. abv 2700 shs negated. good to see no opening gap as yet.

Mtl JP 10:15 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

yesty SnP close: 2,659.41

SPXS&P 500 Index (INDEX)

hk ab 10:08 GMT April 8, 2020
GBP/USD

Hi Zeus san,

Any bias on gold to share?

kl shawn 09:58 GMT April 8, 2020
usd
Reply   
sold some audusd too above 6150

kl shawn 09:56 GMT April 8, 2020
GBP/USD

cheers Zeus, got in as well above 12330, let's see

USA ZEUS 09:50 GMT April 8, 2020
GBP/USD
Reply   
Short cable at 1.2333 and on any rally for a big push lower.
Cheers!

haifa ac 09:46 GMT April 8, 2020
HAPPY PASSOVER
Reply   
Could not have more appropriate holiday.
May the plague of the ferocious virus pass OVER your abode and spare you and your isolated family from its devouring paws.

AT Trader john 09:08 GMT April 8, 2020
Wednesday Amazing Trader 8 April 2020

EARLY Wednesday
DJ: -83
SP: -10.6

2-yr 0.264% -1.8
Spread 10s-2s +46.1 (+49.1)

10-yr
US: 0.725% -0.9
UK: 0.384% -2.3
DE: -0.342% -2.8

EURUSD MACRO TREND: NEGATIVE
Spot Rate (Pivot Point)
EURUSD 1.0855 (1.0871)
GBPUSD 1.2308 (1.2298)
EURGBP 0.8822 (0.8848)
USDJPY 108.87 (108.93)

This Week 1.0926-1.0784 (142 pips)
wed: 1.0902-1.0830 (72)
tue: 1.0926-1.0784 (142)
mon: 1.0835-1.0780 (47)
fri: 1.0864-1.0773 (91)
thu: 1.0969-1.0821 (148)


Sign up now for your invaluable report

How To Turn Your Forex Trading Into A Business

20-day avg: 1.0934
50-day avg: 1.0973
100-day avg: 1.1035
200-day avg: 1.1063

Global-View Daily Trading Chart Points





AT Trader john 08:40 GMT April 8, 2020
Wednesday Amazing Trader 8 April 2020

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

Wed 8 Apr 2019
A 14:30 US- EIA Crude
A 19:00 US- Fed Minutes
Thu 9 Apr 2019
A 08:30 GB- Output, Trade, GDP
A 11:30 EZ- ECB Minutes
A 12:30 US- Weekly Jobless
AA 12:30 CA- Employment
AA 12:30 US- PPI
A 14:00 US- Flash Univ of Michigan
Fri 10 Apr 2020
Various-- Good Friday Holiday


Amman wfakhoury 08:23 GMT April 8, 2020
GBPUSD 12285

Scalp sell below 12318 till 12285...don't marry your order.

dc CB 08:15 GMT April 8, 2020
We're not broke it's the PANDEMIC

“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.”
― George W. Bush

Here Comes The Second Wave: Wuhan Lockdown Ends And Tens Of Thousands Are About To Flee The City
--ZeroHedge

https://www.zerohedge.com/geopolitical/here-comes-second-wave-wuhan-lockdown-ends-and-tens-thousands-are-about-flee-city

Amman wfakhoury 07:09 GMT April 8, 2020
GBPUSD 12285

Caribbean! Rafe... 06:44 GMT 04/08/2020 - My Profile
wafhoury// Pray that your not referring to anything I posted
------------------
God says as you are not attacking him then no need for your pray.

kl shawn 06:52 GMT April 8, 2020
GBPUSD 12285

cable wants to stay above 1.23, got close to 12285 but that's it we are going up instead

Caribbean! Rafe... 06:44 GMT April 8, 2020
GBPUSD 12285

wafhoury// Pray that your not referring to anything I posted

london red 06:37 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

[email protected] hourly shs. good for 100 points. just we are a bit early in day. better to walk this down us session, where no gap to need to deal with.

Amman wfakhoury 06:31 GMT April 8, 2020
GBPUSD 12285

Someone prays not to reach 12285 to come and post 100% bullsh!t

Amman wfakhoury 06:17 GMT April 8, 2020
GBPUSD 12285
Reply   
12285 will be reached unless price closed above 12342.
100% guaranteed

The only one in the world who confirms the next level and every hour movement

Caribbean! Rafe... 06:03 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

Just OT cultural thought.

So that people don't look down on each other, it's just food preference/choice or perhaps related in someway to their own cultural belief system, we should not hold that against them, in other words be neutral. People tend to persecute the chinese for eating rodents, pets, raw seafood etc etc. In India some places they eat rotting corpses, and drink alcohol very excessively, those are not normal people like us but are on the spiritual path as ascetics, not black-magicians, they do have that power to extend the lifespan of a person by many decades, depending on many factors. People don't go near them, they don't go near people. Thing too is some of them are highly educated and qualified MBA's, they just left everything to live as asetics. In saudi arabia monkey brains are served as a cold after dinner delicacy, in some cultures monkeys are revered as a form of a deity, given food offerings etc. And there was the harrapan culture which simply vanished into the himalayas, the only thing that came to mind was they relocated because of friction, that is why they were able to thrive for another millienium. On the other hand there are thousands of people who renounce everything to become ascetics, then move on to become monks, mahatmas, siddha's etc. Siddha's are those of the n-th highest plane. Not every person can know a mahatma muchless a siddha, it is very very rare, better chance of winning powerball than knowing one of them. There are people living in India who are 200 years old, as fit as teenagers, some of them they live up to the age of 600 years.

There are other things too, but this should suffice... enough for them to lift curfew, so we can have our freedom back once again.

kl fs 05:46 GMT April 8, 2020
boris KO means brexit KO
Reply   
tic toc tic toc...hickory dickory dock
running out of time....forced extension?

Sydney ACC 04:24 GMT April 8, 2020
Australian Property
Reply   
Property prices could plunge as much as 30 per cent as the economic effects of coronavirus containment measures spark waves of job losses and crush consumer confidence.

Auction clearance rates have fallen off a cliff as buyers and sellers abandon the market in droves. Auctions and open house inspections have ceased in both NSW and Victoria; though online and phone auctions and one-on-one private inspections are still permitted.

More than 45 per cent of properties due to go to auction last weekend were withdrawn from sale, with the preliminary auction clearance rate plunging to just 48 per cent.

Property researcher CoreLogic figures show that the clearance rate for the previous weekend was just 37.3 per cent – the lowest recorded since it commenced auction reporting data in 2008.

Analysts say clearance rates are a leading indicator of major changes in property prices.

Martin North, founder of Digital Finance Analytics, says even if the coronavirus-induced economic downturn is relatively short-lived, there could be property price falls of between 15 and 25 per cent over the next two or three years.


"If there's a longer-term crunch where the unemployment consequences and the failure of businesses is longer, then I think it could be 20 to 30 per cent," Mr North says. If the global disruption is prolonged, then it could top 45 per cent.

However, the major price falls would not be uniform across the country and house prices are expected to hold up better than apartment values.

"Generally, houses hold their value more, other than the top end of the market, which is more volatile, and will do better than units," Mr North says.

"There are too many new [units], a lack of investors and there's a problem with [building] defects."

Hayden Dimes and Felicity Emmett, economists at ANZ bank, say the shutting down of auctions and home opens has seen both both buyers and sellers evaporate.


"As buyers and sellers dry up, we think properties that do trade through this shut-down period will see price falls," they say.

The economists are expecting major price falls to start showing up as early as this month. Even when social distancing measures are removed, they say it is unlikely prices will bounce back.

"Despite enormous fiscal support, unemployment is still expected to rise sharply through this period and is unlikely to fully recover for some years," the ANZ economists say.

Households are likely to have less appetite for debt, which would likely result in a slow recovery for house prices, they say.

Shane Oliver, chief economist at AMP Capital, says higher levels of unemployment would trigger debt-servicing problems, which is bad news for property prices. This comes against a backdrop of very high household debt.

He expects demand for property would be depressed for some time after the economic shutdown measures are relaxed.

"Hopefully, the federal government’s wage subsidy program will keep the rise in unemployment to below 10 per cent," Dr Oliver says. "This, combined with various income-support measures and bank mortgage payment holidays, may serve to keep forced property selling to a minimum and price declines modest at around 5 per cent," he says.

However, a long and deep coronavirus-driven downturn in the economy would point to a deeper property price slump of 20 per cent, or more, over the next 12 months, he says.

More homebuyers, particularly those who purchased recently, will find that they are in "negative equity", where they owe more on their mortgage than their home is worth.

However, for those who are able to hold onto their homes during the downturn, the losses in the value of their houses are on paper only.

The banks’ mortgage deferrals mean most households with a home loan that see their incomes fall substantially will be able to get through the downturn without losing their home, says Trent Wiltshire, an economist at Domain.

However, the banks "will not let all customers defer loan repayments indefinitely", he says.

"The big banks have said the deferral period is up to six months, but if the coronavirus recession drags on and people can’t return to work, this may not be long enough," Mr Wiltshire says.

Caribbean! Rafe... 04:24 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

FS// True in many ways, but paradoxical in the same. There are some things I can tell you on one hand and many things on the other hand, it would puzzle you just as it puzzled me until one thing is learnt...

Caribbean! Rafe... 04:21 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

HK Kevin 14:48 GMT 04/07/2020

Just a coincedence, and no offense. I was watching something yesterday about "hakihakori", this is the type of lifestyle we are being forced into living and it is not good for any of us. If there is an option to stay on a company campus then stay there and go/visit home once per week as a guest, this is like a preventative measure, so instead of isolation we build up camaraderie. And we are forced into living these types of haki life styles that means society is going to come down hard on all of us and us means including me too!

kl fs 02:54 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

well India is just a living hell, level of poverty, wealth gap and overpopulated, let natural selection takes its toll

Caribbean! Rafe... 02:52 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

Very bad state of affairs for India... The populace is going crazy, forced into barricading themselves inside of their homes.

Caribbean! Rafe... 02:19 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

The thing I have observed/noticed with the modern world leaders Trump, Johnson, Putin etc is they are mindful, not worried about staying in power or lashing out with steel claws to maintain their grip on power as portrayed by the media. So with more of them long term, we should be able to have something we so badly need which is so called civil stability and which is good for their people. And of them all Putin is the best of the very best!

In India, the congress party has ruled India for most of it's independence, had it not been for sustainable policies, so carefully implemented and only after very excessive amounts of consideration. Now, most of the civil workers grew up and gained experience during the congress party terms, otherwise they would have had no experience in dealing with a pandemic, and would have just gone out and razed entire towns, it is due to wisdom gleaned while under congress rule that is now helping India to push through, but Modi's India is not very sustainable.... and recession prone.

Caribbean! Rafe... 01:30 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

Boris Johnson Fiance has also tested positive for coronavirus, they are having a baby.

Caribbean! Rafe... 01:14 GMT April 8, 2020
Tuesday Amazing Trader 7 April 2020

CB// Tyres. You mean the types they use at beaches?

 




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Mon 27 May 2019
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AA 14:00 US- Final Univ of Michigan


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