Forex Forum Archive for 06/20/2020

dc CB 21:14 GMT June 20, 2020
new and dangerous phase

There are still several huge key unknown questions related to the coronavirus. For example, how many asymptomatic cases have already occurred worldwide? How long do antibodies last?

And finally, when the hell did the virus actually start to make its rounds across the world?

That's a question that today we may finally have a better answer to. In the latest example of scientists finding evidence of the virus weeks, or months, earlier than previously known, Covid-19 was found in sewage in Milan and Turin as early as December, according to a new study. This was two months before the first cases were officially detected in Italy, according to Bloomberg.

Giuseppina La Rosa, who headed up a forthcoming study from Italy's National Health Institute, said: “Traces of SARS-Cov-2 have been found in samples of waste water taken in Milan and Turin on Dec. 18 and in Bologna on Jan. 29. More traces were detected in other test samples through January and February.”
40 samples were tested and analyzes between October 2019 and February 2020 as part of the country's regular wastewater testing.

Hospital tests from other parts of Italy, like the coastal region of Liguria, also indicate the virus was present late last year. Italy's earliest "official" case was linked to a man who sought treatment in mid-February.

Stunningly, similar results were found in the waste water in Barcelona, which also showed traces of the virus in late 2019.

https://www.zerohedge.com/geopolitical/coronavirus-was-found-italys-sewage-early-last-december

AT Trader john 18:46 GMT June 20, 2020
Monday Amazing Trader 22 June 2020

Late Friday: RISK-OFF
DJ: 25,871 -209
SP: 3098.0 -17.3

2-yr 0.188% -0.7 bps
Spread 10s-2s +51.1 bps (+52.2bps)
10-yr
US: 0.699% +0.5
UK: 0.235% -0.2
DE: -0.418% -0.2

EURUSD MACRO TREND: NEUTRAL
Spots (Pivot Point prev day)
EURUSD 1.1182 (1.1201)
GBPUSD 1.2353 (1.2384)
EURGBP 0.9047 (0.9043)
USDJPY 106.86 (106.90)

THIS Week 1.1353-1.1168 (188 pips)
fri: 1.1254-1.1168 (86)
thu: 1.1262-1.1187 (75)
wed: 1.1295-1.1207 (88)
tue: 1.1353-1.1229 (124)
mon: 1.1334-1.1227 (97)

20-day avg: 1.1201
50-day avg: 1.0998
100-day avg: 1.0998
200-day avg: 1.1025

Global-View Daily Trading Chart Points

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AT Trader john 15:47 GMT June 20, 2020
Monday Amazing Trader 22 June 2020
Reply   

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

Mon 22 June 2020
A 14:00 US- Existing Homes Sales
A 14:00 US- Richmond Fed
Tue 23 June 2020
flash PMIs all day
A 14:00 US- New Homes Sales
Wed 24 June 2020
A 09:00 DE- IFO Survey
A 16:00 US- EIA Crude
Thu 25 June 2020
A 11:30 EZ- ECB Minutes
A 12:30 US- Weekly Jobless
AA 12:30 US- Durable Goods
AA 12:30 US- GDP
Fri 26 June 2020
A12:30AA Personal Income/Spending
AA 15:00 US- Final Univ of Michigan

haifa ac 12:06 GMT June 20, 2020
190000(IRR) Iran Rial(IRR) To United States Dollar(USD) Currency Rates Today
Reply   
https://irr.fxexchangerate.com/usd/190000-currency-rates.html


All time low
Iran is in front of economic collapse.

GVI Forex 11:45 GMT June 20, 2020
Why the Hard Trade is More Often than Not the Right Trade

The following is from the Trading Insights section of the AT Ladder Strategy course. Read it closely as it can make the difference between what I call "trading with the odds on your side" and "trading based on hope (that you catch a bottom or top)."  Master this and you can master trading.

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Regards,

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Mtl JP 11:13 GMT June 20, 2020
this is good one...

justin "admirer of China's 'basic dictatorship' trudeau now getting taste of chinese communists' arrogance:

Chinese Foreign Ministry spokesman Zhao denounced canadian legal proceedings against Meng as an “outright political case with grave consequences,” and accused Canada as a U.S. “accomplice” to oppress Chinese technology companies.

Asked for the communists' position on “hostage diplomacy,” Zhao rejected the question as “vicious.” and sent the jurno packing to “Ask the Canadian government what ‘hostage diplomacy’ is,”

For his part Trudeau says he's 'disappointed' and said that Canada would continue to work "behind the scenes in very direct and firm ways." and that "We will continue to use all of our expertise to return these two Michaels to Canada."

haifa ac 05:31 GMT June 20, 2020
new and dangerous phase
Reply   
World Health Organisation's chief declares 'new and dangerous phase' of the pandemic after 150,000 cases in a single day - the highest since the start of the crisis

Thursday's 150,000 new cases is the highest so far in a single day and nearly half of them are in the Americas, the WHO said
WHO chief Tedros Adhanom Ghebreyesus told virtual briefing in Geneva: 'The virus is still spreading fast, is still deadly, and most people are still susceptible.'
Tedros, who has been under fire for spouting Beijing propaganda, urged people to maintain social distancing and 'extreme vigilance'

https://www.dailymail.co.uk/news/article-8440733/World-Health-Organisations-chief-declares-new-dangerous-phase-pandemic.html