Forex Forum Archive for 08/09/2022

dc CB 22:27 GMT August 9, 2022
A third of Brits face poverty with energy bills set to hit $5,000

so who is the new Prime Minister......
Remember Missy May----

Lordy lordy, whtf would want that job now...a real career killer.

dc CB 21:05 GMT August 9, 2022
mkt

API

Crude +2.156mm (-400k exp)

Cushing -627k

Gasoline +910k

Distillates 1.376mm

dc CB 19:29 GMT August 9, 2022
USA: THE RICH GET RICHER

The Vibes in the Economy Are � Weird. Really Weird.
Opinion
Guest Essay----Kyla Scanlon
"There is no recession yet. Right now we are in a 'vibe-cession' of sorts"

https://www.nytimes.com/2022/08/04/opinion/us-economy-recession-federal-reserve.html
_________________________________________________
Here is the author's companion video explaining the Vibe-Cession to readers
Ms. Scanlon is a researcher, podcaster, youtube educator and financial influencer who writes a newsletter about the economy and markets. more interesting insights about her here.

"The 24 year-old is the coolest econ nerd on the internet, thanks to her daily TikTok and Instagram videos that synthesize financial news in under a minute. She is determined to reshape financial education. The innovative, entertaining content creator, who began trading options at age 16, has a platform in the works she describes as �a financial playground.� It will be a destination where people can interact and �play with content and different ideas,� she allows in an interview with ThinkAdvisor.. "I�m still building it � so I don�t want to give too much away!� she says. If the platform is anything like her amusing, instructive video skits on social media, countless folks will be eager to come out and play. The social media influencer has more than 67,400 followers on Twitter and 98,100 TikTok fans"-

https://www.youtube.com/watch?v=V3Km804GsHI

Mtl JP 18:49 GMT August 9, 2022
mkt

corr.: below60 40 and then 00

Mtl JP 18:33 GMT August 9, 2022
mkt

GBP 1.2068
-
circa 40K/yr pound schoolteacher screaming civil dis-obedience already ?
maybe because IMF does not consider her as one of the have-nots worthy of selective govvy subsidy instructions ?

technically
1.2065 should be S
below 60 and then 00

or maybe euro will sympathy-heave next instead of the pound

dc CB 18:06 GMT August 9, 2022
mkt

The internals were also solid with Indirects awarded 63.1% of the auction, the highest since February, and obviously well above the six-auction average of 58.5.

https://www.zerohedge.com/markets/record-low-dealers-stellar-stopping-through-3y-treasury-auction

dc CB 17:41 GMT August 9, 2022
A third of Brits face poverty with energy bills set to hit $5,000

"Revolution Has Begun": 75,000 Brits To Stop Paying Power Bills Amid Inflation Storm

"75,000 people have pledged to strike on October 1st! If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK," an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bill by Oct. 1.

🔥 75,000 people have pledged to strike on October 1st!

If the government & energy companies refuse to act then ordinary people will!

Together we can enforce a fair price and affordable energy for all.https://t.co/RYOlAVoLqd #dontpayuk pic.twitter.com/HeF4RiOVVH
� Don't Pay. (@dontpayuk) August 5, 2022

https://www.zerohedge.com/political/revolution-has-begun-75000-brits-stop-paying-power-bills-amid-inflation-storm

GVI 17:18 GMT August 9, 2022
A third of Brits face poverty with energy bills set to hit $5,000
Reply   
London (CNN Business)Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are set to soar again in January, campaigners say.

A third of Brits face poverty with energy bills set to hit $5,000

Mtl JP 14:10 GMT August 9, 2022
mkt

GBP 1.2110
clueless & whimpi
-
earlier BoE's Ramsden - MSc Economics - "For me personally, I do think it's more likely than not that we will have to raise Bank Rate further. But I haven't reached a firm decision on that," via rtrs

tks sir david

PAR 13:49 GMT August 9, 2022
RISK ON
Reply   
The idea that inflation will eventually decline is supporting stocks.

Israel MacroMicro 13:39 GMT August 9, 2022
mkt

opened long NQ @ 13040

for 18/30 hours from now

let's see

PAR 12:17 GMT August 9, 2022
GERMANY
Reply   
08/08/2022Patrick Barron

The following is a plea to Germany�the war is over and has been for three-quarters of a century. It's time to stop prostrating yourself for the supposed "good" of Europe. It's time to take complete control of your domestic and foreign policy, without interference from haughty, busybody world elites, and do what is best for yourself. You will be pleasantly surprised that what is good for yourself is also good for your neighbors and the world.

Here are four failed policies that must be ended:

The green energy projects.
Membership in the European Monetary Union (EMU).
Membership in the European Union.
Membership in the North Atlantic Treaty Organization (NATO) and economic sanctions against Russia.
None of these policies are working. As American humorist and political sage Will Rogers said, �If you find yourself in a hole, stop digging.�

GERMANY

Mtl JP 11:38 GMT August 9, 2022
mkt

GBP 1.21
UK GDP on Friday
-
players likely skeptical about Bailey BoE's inflation fighting rate-hiking virility - also betting on his wimpi-ness vs politicians

R 1.2125
S 1.2040, 1.2000 and lower

PAR 10:13 GMT August 9, 2022
United States Nfib Business Optimism Index
Reply   
The NFIB Small Business Optimism Index in the United States edged higher to 89.9 in July of 2022 from 89.5 in June which was the lowest reading since January 2013.

It is the first increase in the index so far this year, although it still points to a subdued level of confidence, well below the historical average of 98. 37% of business owners reported that inflation was their most important problem and 49% had job openings they could not fill.

"The uncertainty in the small business sector is climbing again as owners continue to manage historic inflation, labor shortages, and supply chain disruptions," William Dunkelberg, NFIB's chief economist said. source: National Federation of Independent Business

GVI Forex 06:50 GMT August 9, 2022
mkt

A look at the day ahead in markets from Alun John

The lull before U.S. inflation data affords a moment to reflect on a darkening geopolitical backdrop.

MORNING BID-Geopolitics lurks beneath markets' still waters

PAR 06:34 GMT August 9, 2022
ITALIA
Reply   
Italian government bonds under increased pressure

After the rating agency Moody's lowered the outlook for Italy's credit rating (Baa3) to negative at the end of last week, yields on Italian government bonds rose at the beginning of the week.

Ten-year government bonds yielded over 3% at times. In the run-up to the parliamentary elections scheduled for September 25, Italy is thus threatened with a fall into the �junk� range.

PAR 06:28 GMT August 9, 2022
mkt

Markets looking for a share buyback bonanza over the coming months as corporate America wants to avoid the new tax.

Corporate America is share buyback champion of the world.

When new chip factories need to be built corporate America turns to the US taxpayers.

When electric vehicles need to be sold corporate America turns to the US taxpayer.

When airlines are in trouble they turn to the US taxpayer.

What happened to free markets and the liberal economy? Dead and buried?