Forex Forum Archive for 06/28/2020

dc CB 23:59 GMT June 28, 2020
this is good one...

Israel MacroMicro 22:08 GMT
so far, it looks that USA must vote

BY MAIL.

COVID-19 Cases Spike Nationally

Mtl JP 22:38 GMT June 28, 2020
this is good one...

this is good one ...
rule by fear
-
Hu Xijin 胡锡进
@HuXijin_GT
·
14h
National Security Law for Hong Kong could be passed within days, expected to be enforced powerfully. It'll overwhelm HK Human Rights&Democracy Act, which US uses to interfere in HK affairs. In HK, people who've harmed nat'l security have shown fear of the upcoming law. It's good.

Mtl JP 22:30 GMT June 28, 2020
Monday Amazing Trader 29 June 2020

JUN 28, 2020
Tokyo confirms 60 new COVID-19 cases for highest daily total since May 4

link

Israel MacroMicro 22:28 GMT June 28, 2020
Monday Amazing Trader 29 June 2020

futures definitely not in panic mode so far.
I assume we are in correctional wave since the last FED day. let's get to the 10% mark under the high of that day and from there look further.

a plan?

Mtl JP 22:24 GMT June 28, 2020
Monday Amazing Trader 29 June 2020

US stock futures currently sinking -0.6 / -0.7 %

Israel MacroMicro 22:16 GMT June 28, 2020
Monday Amazing Trader 29 June 2020

BERLIN (Reuters) - The decision on whether Germany should pull out of the European Central Bank's bond-buying programme lies with the Bundesbank, a judge in Germany's highest court said in remarks published on Sunday.

Germany's Constitutional Court ruled in May that the ECB overstepped its mandate with over 2 trillion euros of government bond purchases, ordering the Bundesbank to quit the scheme unless the ECB can prove proportionality within three months.

Peter Huber, a conservative judge at the court who drafted the ruling, told the Frankfurter Allgemeine Zeitung that the court was no longer involved and the decision on whether to quit rested with Germany's central bank.

"The Bundesbank is bound by our decision, but it must determine on its own responsibility whether the ECB's statement of reasons fulfils our requirements or not," Huber said. "The Federal Constitutional Court is no longer involved."

The ruling set off an unprecedented legal conflict with a national court looking to exert jurisdiction over an institution of the European Union and trying to curtail its policy framework, seen as an encroachment on ECB independence.

In a compromise deal, the ECB agreed last week to give vital documents underpinning its policy decisions to Bundesbank chief Jens Weidmann, who can then present them to the German parliament and government, as demanded by the court ruling.

Astrid Wallrabenstein, a judge-designate at the court, told a newspaper last week she was optimistic a solution to the row over the ECB's bond purchases can be found.

Wallrabenstein, who was nominated by the pro-European Greens, is expected to make the Constitutional Court, widely seen as having a narrow Eurosceptic majority, less confrontational toward the ECB.

Israel MacroMicro 22:08 GMT June 28, 2020
this is good one...

so far, it looks that USA must vote if it's DJT or Biden to deliver the nation the peaceful pill. both candidates doesn't show capacity to deliver the nation other than that.

sad?

Mtl JP 20:47 GMT June 28, 2020
this is good one...

POOF !
Fracking pioneer Chesapeake Energy files for bankruptcy
WSJ June 28, 2020

Mtl JP 19:44 GMT June 28, 2020
this is good one...

this is good one ...
a betting opportunity that is
-
Donald J. Trump
@realDonaldTrump
·
7h
THE VAST SILENT MAJORITY IS ALIVE AND WELL!!! We will win this Election big. Nobody wants a Low IQ person in charge of our Country, and Sleepy Joe is definitely a Low IQ person!

Mtl JP 19:10 GMT June 28, 2020
this is good one...

Fed Reveals Bond Purchases Including AT&T, UnitedHealth, Walmart
Bloomberg June 28, 2020

The Federal Reserve bought bonds issued by companies including AT&T Inc., UnitedHealth Group Inc. and Walmart Inc. as part of its emergency lending program set up in response to the pandemic,

according to new disclosures

Mtl JP 18:51 GMT June 28, 2020
this is good one...

Faith in the Fed to Get Fresh Test as Markets Shudder at Virus
- Justin Carrigan, Bloomberg June 28

Investor faith in the largess of central banks is about to be tested anew as the soaring rate of Covid-19 infections re-establishes itself as the chief obsession of markets.

The renewed risk-off tone is likely to dominate when trading starts in Asia on Monday, according to analysts, though a report Sunday showing the first increase in profits at Chinese industrial enterprises since November may provide some support to stocks.

“Investors’ recent love of U.S. risky assets will soon reverse as the U.S. will battle the resurging pandemic,” “Stating the obvious: don’t fight the major central banks. They’ll remain in the game for years to come.”

Mtl JP 17:45 GMT June 28, 2020
this is good one...

Richmond Fed chief: With outlook hazy, economy needs support
The Canadian Press June 28

June 30 - Powell and Mnuchin testify before Congress
- about economy and monetary policy

July 1 - Williams and Evans yak; FOMC minutes

Mtl JP 17:37 GMT June 28, 2020
this is good one...

(Bbrg June 28) Mercurial Mood Grips Emerging Markets Tip-Toeing Into July

- the fountain of liquidity provided by the world’s leading central banks is helping to sustain a contrary narrative -- that an economic rebound isn’t far off
- A tense holiday on Wednesday marking 23 years of Chinese rule in Hong Kong could spark local protests and aggravate U.S.-China tensions