Forex Forum Archive for 07/12/2020

Mtl JP 23:13 GMT July 12, 2020
Covid-19 update

HK like a poison chalice for the chinese communists in bejing ?
come n hug me ... embrace me ...

Hong Kong’s third wave of Covid-19 ‘most severe’: 61 infections reported
South China Morning Post

Mtl JP 22:07 GMT July 12, 2020
Monday Amazing Trader 13 July 2020

potentially an early enthusiastic reaction to
the 19:35 headline: S&P 500 earnings set to plunge ...

Mtl JP 22:04 GMT July 12, 2020
Monday Amazing Trader 13 July 2020



SnP500
early bird out of the cage

dc CB 19:54 GMT July 12, 2020
Covid-19 update

s data accrues on both a national and state-by-state basis, the parameters of COVID-19’s lethality is firming up. Two new papers from Dr. John Ioannidis point to the growing shortfall between apocalyptic pandemic predictions and the vastly more destructive policies implemented in observance of them.

The first, entitled “Population-level COVID-19 mortality risk for non-elderly individuals overall and for non-elderly individuals without underlying diseases in pandemic epicenters” offers more evidence supporting the assertion that the government reaction to the virus has been vastly overwrought.

As regards the age of victims,

People [under] 65 years old have very small risks of COVID-19 death even in pandemic epicenters and deaths for people [under] 65 years without underlying predisposing conditions are remarkably uncommon. Strategies focusing specifically on protecting high-risk elderly individuals should be considered in managing the pandemic.

In the other paper, “Forecasting for COVID-19 has failed,” Ioanndis and co-authors take aim at the reasons for which the predictions were so incredibly inaccurate. Early predictions included that New York needed up to 140,000 hospital beds for stricken COVID-19 victims; the total number of individuals hospitalized was 18,569.

What Economists Can Teach Epidemiologists

Mtl JP 19:35 GMT July 12, 2020
Covid-19 update

and how many deaths specifically related to covid - broken by age bracket ?
-
headline:
S&P 500 earnings set to plunge as the coronavirus batters all sectors — with Wall Street counting on a bounce that may not come

also specifically banks start reporting this week.
- peasants will want to see what insiders know already: bad loans provisions

GVI Forex 16:57 GMT July 12, 2020
Covid-19 update
Reply   
The Florida Department of Health reported 15,299 new Covid-19 cases Sunday, the highest number of new cases reported in a single day by any state since the coronavirus pandemic began.

AT Trader john 11:14 GMT July 12, 2020
Monday Amazing Trader 13 July 2020

LATE Friday: RISK-ON
DJ: 26,075 +369
SP: 3,185.0 +33.0

2-yr 0.143% -0.8 bps
Spread 10s-2s +47.2 bps (+44.0bps)
10-yr
US: 0.615% +0.1
UK: 0.154% -0.2
DE: -0.467% -0.4

EURUSD MACRO TREND: POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.1300 (1.1293)
GBPUSD 1.2629 (1.2620)
EURGBP 0.8948 (0.8952)
USDJPY 106.91 (106.95)

This Week 1.1371-1.1237 (134 pips)
fri: 1.1325-1.1255 (70)
thu: 1.1371-1.1286 (85)
wed: 1.1352-1.1263 (89)
tue: 1.1333-1.1259 (74)
mon: 1.1346-1.1237 (66)

20-day avg: 1.1257
50-day avg: 1.1116
100-day avg: 1.1034
200-day avg: 1.1046

Mtl JP 11:12 GMT July 12, 2020
Weekend Amazing Trader 10 July 2020

Since 1 July 2020, Germany is at the Presidency of the EU (for 6 months)

On the 17th, the EU are expected to discuss their $850 billion recovery plan and a long-term EU budget.

ahhh... the budget... and
debt ... debt issuance and... common debt