Category: Market Today

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Morgan Stanley Claims We Are In A Bear Market

2 min read

The analysts from Morgan Stanley claim that we are in a bear market.

Any proof? Don’t tell me you missed it!

The US S&P 500 Index was closed on Friday down by 3% compared with the highest level in late July, 26, registered in intraday trading. Bear market means the stock prices drop 20% or more but the corrections include price falls about 10%.

So, you may ask how we already enter the bear market if prices dropped by 3%, it so far away from 10%.
Morgan Stanley anyway claims that “we are still mired in a cyclical bear market” pointing three spots in this estimation.

The proofs of the bear market

First, compared to the beginning of 2018. the S&P 500 is “roughly flat”, but Friday’s closing was less than 1% over the intraday high noticed on January 26, 2018.

The other evidence is the fact that 80% overall equity markets dropped by 10% already.

And third, the other US market indices are down by approximately 10%.

Morgan Stanly further noticed that during the past year and a half, a majority of global stock market indices dropped notably from their highs. Actually, all stock markets were more volatile than during the previous two years when we had the bull market profits.

“At this point, we would view our call in January 2018 for a multi-year consolidation and cyclical bear market as well established and documented,” said Morgan Stanly in conclusion.

The Morgan Stanly report notes that both the small-cap S&P 600 and the mid-cap S&P 400 didn’t reach new highs in 2019. Also, both dropped by more than 10% from prior highs noticed set in September. 2018.

The statistics

The statistics show, among eleven S&P 500 sectors, five have reached new highs this year with consumer staples, utilities, and REITs as leading. The two others are consumer discretionary and the IT sector.

Morgan Stanley states “…the fact that long-term Treasury bonds have defeated the best equity market in the world over the past 18 months, especially since September [2018].”

So, according to Morgan Stanley, we are in the middle of the bear market.

The previous bear markets

But there is no difference from the first four months of this year. We had a bear market rally. Yes, it came like a storm but a very long one. It was Christmas when the 25% rally started and ended on May 1 when the all-time highs were recorded. But all benefits from that short bull market period was gone with the wind. The bulls were so close, but still incapable to make a change.

Morgan Stanley is right. Since October 2018 we are in a bear market. At the time of the mentioned rally, all had some hope based on historical performances. The fact is that some of the biggest rallies have happened throughout bear markets. But not now.

The bottom line

What you have to pay attention to is the overall trend. It will show you the right spot. The best way to do that is to use the long-term charts to set your trading correctly. Anyway, there is no good or positive prediction. Be ready to see the large bear rallies, there will be a tremendous loss. Having this information in your minds, you will know what to do and how to stay objective. Over one century, we had 32 bear markets and 123 market corrections.

The bear market lasts shorter than bull markets. So, this one will pass.

14th August 2019
Asian Stock Markets Perform Careful Increases
2 min read
- Asian stock markets recorded substantial increases
Asian stock markets carefully raised in early trading Monday. The previous week was volatile for overall markets because the U.S.-China trade tensions escalated.

According to Goldman Sachs, a trade deal is pretty much impossible before the 2020 US presidential election. This US multinational investment bank cautioned that the open-ended trade war has a bigger influence on the U.S. economy than expected. In a letter to investors, this bank lowered its growth forecast for the market movements. Also, it warned the risk of recession is growing. The reason behind is the companies are reducing spending which is, of course, caused by trade-war risks.

Yesterday, 11/08/2019 Monday, China’s central bank set the yuan lower than 7 per U.S. dollar. The value is the same for the past three days. The People’s Bank of China set the currency’s reference limit at 7.0211 per dollar. That is lower than the level on Friday. The analysts had expected an even lower point.

According to MarketWatch:

“Hong Kong’s Hang Seng Index HSI, -0.18% gave up early gains and was last about flat, while the Shanghai Composite SHCOMP, +1.45% gained 0.7%. South Korea’s Kospi 180721, +0.23% advanced 0.4%, while Taiwan’s TaiexY9999, -0.21% was about flat and Indonesia’s JSX Composite JAKIDX, -0.40% declined slightly. Australia’s S&P/ASX 200 XJO, +0.09% was little changed. Markets in Japan and Singapore were closed for holidays.”

Some individual stocks like Sunny Optical and Tencent raised in Hong Kong, but HSBC 5 fell. Samsung and SK Hynix increased in South Korea, in contrast to Rio Tinto that slipped in Australia.

President Donald Trump statement

The increases in Chinese stocks followed the U.S. President Donald Trump statement on Friday that he is “not ready to make a deal.”

“China wants to do something, but I’m not doing anything yet,” Trump told Breitbart. “Twenty-five years of abuse. I’m not ready so fast.”

In Trump’s opinion, as he said, it would be “fine” if the negotiation between the two countries planned for September, were “called off”.

Meanwhile, China fixed currency’s reference limit at 7.0211 per dollar which is lower than the 7 expected value.
Some very important data will come on Wednesday from China. On the first place, information on industrial production, retail sales, and the jobless rate.

That will be interesting because Cathay Pacific Airways Limited (HK:0293) fell more than 4% just because China blamed it that its employees participated in anti-Beijing protests. Well, the pilot is suspended.

There is Huawei too

President Trump told CNBC that the U.S. administration will not have any relations with Huawei as the trade war proceeds to increase.

“We are not going to do business with Huawei. … And I really made the decision. It’s much simpler not doing any business with Huawei. … That doesn’t mean we won’t agree to something if and when we make a trade deal,” Trump told CNBC.

Speaking about Asian stock markets we cannot avoid Chinese tech stocks.

The accepted opinion is that they should lag the rest of the market. That opinion supports Ari Wald, head of technical analysis at Oppenheimer.

“We think the opportunity is on the U.S. side — U.S. tech — and we think the risk is in China tech,” Wald stated on CNBC’s “Trading Nation. ” and added “the S&P 500 is breaking out to the upside. We see this as the resumption of U.S. leadership.”
12th August 2019
Pound falls on the UK PM’s threats
3 min read
- GBP reached a record low against the Euro.
- Pond falls against the US dollar too.
Boris Johnson, the new UK Prime minister refused to reconsider his threat to leave the European Union with “no-deal Brexit”. This decision already has a negative influence on the pound and pound falls.

GBP reached a record low against the Euro.

But the pound falls and GBP is under great pressure according to latest reports. It fell against the US dollar too.

The pound-to-euro exchange rate is quoted at 1.0853, the pound-to-dollar exchange rate at 1.2161. This level wasn’t noticed since October 2016. The date when former Prime Minister Theresa May declared her plan to trigger divorce from the EU. It is a clear sign that sterling fell to an almost-three-year low as no-deal Brexit worries rise. And now, pound falls more.

Johnson “isn’t bluffing”

The ‘no deal’ Brexit will happen on October 31. The reports came after a meeting on Monday between European Commission officials and Brexit diplomats.

The Guardian and The Telegraph cited unnamed EU diplomat who said that “no deal’ Brexit appears to be the UK government’s “central scenario”. Both media reported the EU is taking this situation as “[their] working hypothesis is ‘no deal’.”

The investors are worried about Johnson’s stance. His “no-deal Brexit” thinking isn’t a good signal for them. Rehan Ansari, the currency expert at Caxton FX, commented for Express.co.uk the current exchange rate developments.

“The data, however, was not enough to get the Pound off the back foot. GBPEUR printed a new low at 1.0819, a level not seen since August 2017,” pointing out that “any volatility will likely be influenced by politics”.

The market expectations

The market expects a ‘no deal’ Brexit scenario, it is obvious. The forex strategists are seeking to set the levels that the British pound might be aiming. Some of them gave some numbers and found an alternative answer. Forex strategist Jordan Rochester said the GBP will settle at “hard Brexit equilibrium”. This is recognized as the level where the UK’s accounts would begin to balance themselves.

The main issue for the UK is that it is reaching a historically high deficit. In the first quarter of this year, it was at -5.6% of GDP. The consequence is that the UK imports goods and services more than it exports. That is an outflow of currency.

But there are some optimistic opinions. For example, Robert Halfon, a conservative politician, has faith that the drop of the pound will give more profit to exporters and boost British tourism.

“Hopefully holidaymakers will choose GB as a holiday destination,” he stated. Britons think it would be nice if it would be the truth. The truth is that leaving the EU may have a bad influence on the UK economy and national currency. But there is almost no chance for that to happen, as it is evident from Bank of England’s predictions of 1-in-3 chances for post-Brexit recession.

Clearly Departing

Johnson said many times that he’ll lead the UK out of the EU on Oct. 31. With or without a deal. Moreover, he has directed government departments to develop the plans for this divorce from the EU until the Halloween deadline. Johnson personally is going all over the country searching for wider support for his plans.

“If they can’t compromise, if they really can’t do it, then clearly we have to get ready for a no-deal exit, and I think we’ll do it,” Johnson said. “It’s up to the EU, it’s their call.”

The investors’ concerns

If the UK leaves the EU with a ‘no deal’ the country could be faced with dry-out of investment capital. The investors are cautious, and they could leave the pound ‘high and dry’.

The UK internal capital depends on outside capital. But the balance may be established. If pound drops more that would decrease the incentives to import. At the same time, it would increase the incentives for export. Hence, achieving a balance.

The pound falls as markets raise expectations of the new political risks and a ‘no deal’ Brexit on October 31.
7th August 2019
Woodford fund is in trouble

2 min read

The financial services company from Bristol will have to come up with answers about their continuing support for Neil Woodford’s troubled fund when they publish the half-year earnings report on Thursday, August 7.

One week after the administrators of the Woodford Equity Income Fund, Link Asset Services, have announced that the troubled fund may stay shut until early December, trouble is brewing for Bristol’s retail investment giant, Hargreaves Lansdown. According to the Times of London Crag Newman, co-founder of Neil Woodford’s company is secretly selling his two multimillion pounds worth properties. The troublesome week for a former darling of the retail investment industry, Woodford, is creating some problems for other big players.

Woodford is no more retail investment darling

Hargreaves has already brought on itself scrutiny for continuing recommendation of Woodford’s fund until the very last day, June 3, when the fund was suspended following a prolonged period of poor performance during which it shrunk to just £3.5B from its peak of over £10B. That suspension affected around a quarter of Hargreaves customers, leaving them with their funds locked up for what now seems to be as long as six months. Now, the Hargreaves customers are bound to continue paying fees through the period they may not have wished to hold on these investments. According to the Financial Times, the CEO of Hargreaves Lansdown, Chris Hill, has issued an apology to their clients and waved its 0.45% fee to their customers on funds frozen in Woodford’s equity fund.

Warning on Woodford fund

On Thursday, analysts are expecting that Hargreaves reports a 5% rise in pre-tax profits and an 8% rise in revenues. But that report will encompass only one month of the fallout from the Woodford fund’s malaise. Some, such as Gurjit Kambo of JP Morgan Cazenove, is warning their clients that deposits in Hargreaves are likely to be negatively impacted by developments relating the Woodford’s fund.

“With investors in Woodford’s equity income fund still gated, and the relationship between Woodford funds and Hargreaves Lansdown under increased scrutiny, we have reduced our inflow estimates,” Kambo said in a note to clients.

His estimates of Hargreaves’ new funds for 2020 have gone from £7.9B to £5B, and from £9B to £5.5 in the following year.

Analysts of the Deutsche Bank argue that Hargreaves shares have taken enough of toll to account for the fallout from Woodford’s debacle. In mid-May, their value has peaked at £24.47 and then fell to as low as £18.59 following the freezing of the “Woodford’s Equity” fund. Since then they have recovered, with some ups and downs, to £20.43 on Friday, August 2.

The bottom line

But despite all these developments and conflicting opinions, a question remains. Why did Hargreaves Lansdown continue to recommend Woodford’s fund until the day it was suspended, and through its shrinking which amounted to 65% of its peak value?

6th August 2019
UK Getting Ready to Trick or Treat the No-Deal Brexit

2 min read

by Gorica Gligorijevic

After assuming the office of UK Prime Minister, Boris Johnson is pushing with preparations for eventual no-deal divorce from EU on October 31. The news caused a negative impact on the British pound.

Some people would say that it was the writing on the wall, but actual writing in the Sunday Times brings confirmation that things are afoot. Things and plans which previous UK PM, Theresa May, not only avoided but actively suppressed and fought against. The UK is getting prepared for the potential no-deal Brexit.

After a reshuffle of his Cabinet, in which Leavers have remained and Remainers have left, PM Johnson has appointed Michael Gove to mistrial position of the Chancellor of the Duchy of Lancaster and charged him with preparations for the no-deal exit from the EU. Gove has laid out his intentions in the op-ed in the Sunday Times July 28 edition.

“With a new prime minister, a new government, and a new clarity of mission, we will exit the EU on October 31st. No ifs. No buts. No more delay. Brexit is happening,” he wrote. With the leaders of EU determined to keep to their current approach to the Brexit, Gove is certain that “no-deal is a very real prospect” and that the UK government is now operating under such assumption.

Chancellor of the Exchequer, Sajid Javid, in his op-ed in the Sunday Telegraph has announced additional funding in excess of £1 billion pounds, on top of the £4.2 promised by the previous PM after the 2016 Referendum.

“Yes, we want to leave with a good deal – one that abolishes the undemocratic backstop,” Javid wrote in The Sunday Telegraph. “That would be better for the UK, and better for the EU, and work is already underway to achieve this.”

The British pound continues the slide

Despite this news, the British pound is taking the hit against the US dollar. Having fallen to the 1.2375 parity, lowest since April 2017, the pound has slid almost 17% against the USD.

And despite all the sterling effort, the UK government might put in staving off the worst outcome of Brexit, the outlook for the pound is not promising. With the Office of Budget Responsibility fiscal stress test predicting a year-long recession after Brexit, the pound is looking to continue the slide.

Downturn which may easily reach the 25% drop versus the dollar since 2016 Referendum, as predicted by the Bank of England in the worst-case scenario of no-deal Brexit.

The GBP/USD pair erased more than 100 pips for the week. It is very possible to start this week with gaping lower.

Support levels: 1.2375 1.2330 1.2290

Resistance levels: 1.2420 1.2460 1.2505

29th July 2019
Greece announced the bond issue

Greece announces bond issue under the new government. According to the Associated Press, the new government of Prime Minister Kyriakos Mistotakis plans to issue of a 7-year bond. It will be the first under the new government.

In a report published Monday, 15. July, Public Debt Management Agency of Greece listed banks on the control of running the auction. PDMA reports are usually presented on the eve of the auction.

Greece is deemed to establish a 2.5 billion-euro ($2.8 billion) goal for its latest bond issue. That should complete market borrowing requirements for this year.

The previous bond auctions were successful. The government under Syriza and ex-prime minister Alexis Tsipras issued 5-year and 10-year bonds.

Greece rose funds on bond markets after a series of three consecutive international bailout programs.

Low yields in EU countries were helpful.

The new prime minister, Kyriakos Mitsotakis, has chaired his Cabinet’s first meeting. He promised to reform the system of governance. The main goal is to improve the everyday lives of Greeks, he said. Also, he urged the other members of the new government to follow this intention.

Greece’s conservative New Democracy party won the national election on July 7, 2019. This party defeated the ruling Syriza party.

New Democracy returned to power with decent success in snap elections. Prime Minister-elect Kyriakos Mitsotakis said he had a definite mandate for change, promising more investments. Also, he promised to decrease taxes.

“I am committed to fewer taxes, many investments, for good and new jobs, and growth which will bring better salaries and higher pensions in an efficient state,” Mitsotakis said.

Greece had a positive result after analysis by its EU partners who loaned Greece billions.

The economic matters in Greece

The focus is on Mitsotakis’s choice for the key economics ministries – finance, energy, and development. The minister of Foreign affairs come along with them.

Mitsotakis inherits an economy that is growing at a moderate growth. It is at a 1.3% annual pace in the first quarter of this year.

The public finances may fall below the targets accepted with lenders.

The Bank of Greece predicts that 3.5% of GDP primary surplus target without debt servicing outlays is possible to be missed this year. Its prediction is that Greece can reach 2.9% of economic output reasonably.

The fiscal policy of the new government has to be rigorously watched.

But, the true test will be next year’s budget.

People in Greece live on the financial edge.

The young people are leaving the country in order to find jobs outside their country, in the EU.

Greek unemployment of 18% is the highest in the EU.

Greece remains under monitoring from lenders guarantee to avoid potential future fiscal slippage.

The economic growth has returned since Greece wrapped up its last economic adjustment program in 2018.

New Democracy has promised to create well-paid jobs. Honestly, they will have a hard job to answer the activities in some parts of Athens, where powerful anti-establishment movement is alive.

Living in Greece is difficult

The average monthly salary in Greece is about 600 euros. People, especially the young, are struggling to find decent jobs because of the absence of big international companies.

The expense of living in Greece is relatively lower than in the rest of Europe. But despite romantic expectations, it is difficult and struggling.

The per capita income is 18,613.42. That is almost 1/5 of Switzerland’s, for example. Yes, goods are cheaper there than in the rest of Europe. But the average salary isn’t enough so the people are hard to survive from pay-check to pay-check.

The new government has a great challenge.

16th July 2019
Tesla Shares are Rising on the New Plans

2 min read

Tesla shares are rising. After Tesla (TSLA) reported a record second-quarter car delivers, Jerome Guillen, its automotive president, announced the firm has a plan to make a big jump in production of electric cars. They are opening new hirings.

Bloomberg revealed Guillen’s email to employees: “The electric-car maker is “making preparations” to raise output at its factory in Fremont, California, Jerome Guillen, Tesla’s automotive president, wrote Tuesday. “While we can’t be too specific in this email, I know you will be delighted with the upcoming developments.”

“As we continue to ramp up production, please tell your friends and neighbors that we have lots of exciting new positions open, both in Fremont and at Giga,” Guillen wrote in the email to employees.

According to Guillen’s email, the previous problems with Tesla cars are fixed. In this email, he wrote the Tesla: “hit new records in all production lines for output and efficiency,” and added that “quality is also reaching record highs.”

In the first six months of this year, Tesla sold more than 67,500 new Model 3 in the US market. Tesla’s rivals sold at the same time from 3,500 to 8,500 units of their hybrids.

This new email can be a terrifying moment for them.

As a consequence, Tesla shares are rising on that Guillen’s report that it will boost production.

In the last trading day, Friday, last week Tesla’s shares rose to $245,06 from Thursday’s close of $238,60 a share.

But nothing is so easy with Tesla.

Tesla Inc. and Apple Inc. both assume they were betrayed by an engineer who defected to the same Chinese startup. They both accused an engineer who operated on its Autopilot program of taking the extremely secret files when he quit and start to work for.

XMotors.ai is the U.S. research unit of Guangzhou-based Xpeng.

A few days ago, Tesla asked for Apple’s cooperation in a prosecute. Tesla sued the mentioned engineer.

The lawsuit is filed to a court last week.

Tesla requires insight into the engineer’s emails and forensic examination on his electronic devices. The company revealed that it has also assisted the iPhone maker with a subpoena.

The documents Tesla asks from Apple aren’t specified in the filing, it is obvious that they have a mutual opponent in Xpeng.

Last July, one of Apple’s hardware engineers was prosecuted for similar reasons, he shifted to work for this Chinese company and took the secret data with him. The engineer has declared not guilty.

Guangzhi Cao, the former Tesla engineer, confirmed in a court filing that he downloaded Tesla’s Autopilot-related source code to his private iCloud account, but rejected wrongdoing.

Elon Musk’s automaker overcame Wall Street expectations. Tesla is expected to report second-quarter earnings on Aug. 7.

“While we can’t be too specific in this email, I know you will be delighted with the upcoming developments,” Guillen said.

Tesla Motors increased 2.72% in the last trading day, Friday, 12th Jul 2019. The share price rose from $238.60 to $245.08.

Moreover, the share price increased at 9.98% in the last 2 weeks.

Along with the price, the volume has grown too. In total, 1.62 million more shares were traded in comparison wit the day before.

This exactly means, 9.08 million shares were traded for almost $2 224.42 million.

The bottom line

Tesla shares are rising and Traders-Paradise opinion about Tesla as an investment is positive. Yes, we know, Tesla had some problems.

If you are seeing the stocks with a solid return, Tesla can be a valuable investment choice. Based on their plans we anticipate a long-term gain. For five year investment, your return can be almost 13%, meaning if you invest $100 now, after 5 years your investment will be about $113 worth.

Billionaire investor Ron Baron predicted that Tesla’s stock will touch $1,000 by 2020.

This means that Tesla’s stock could be traded between $500 and $600 next year. This indicates that there is an upside potential of at least 35%.

As we wrote about a month ago Tesla shares drop but it could a 50% grow within a month

14th July 2019
Bitcoin price, Trump or How Do You Understand All of This

3 min read

Bitcoin has been growing of the new week after a drowsy weekend. The Chairman of the Federal Reserve revealed the chance of Bitcoin becoming the globally dominant currency. Hence, the current reserve assets could be worthless, admitted Fed.

Let’s see first how Bitcoin performed in the past days. The Bitcoin price showed bullish signs this past week. But why now seems all of that real energy has vanished once again. What can we expect in the following days?

Take the quiz at the end!!!

Bitcoin made a drastic turnaround from where it was six months ago. At that time the prices pined around $3,500. But enthusiasm over broader mainstream approval has increased the hum about cryptocurrencies. The result was: the prices have the flight.

John McAfee made a bet on July 17th, 2017: One single Bitcoin would be worth $ 500,000.00 in three years. Later he made some corrections and foretold $ 1 million by the end of 2020.

Is that prediction really reasonable?

Bitcoin price is about $11,300. To gain $1 million by the end of 2020, BTC should have a permanent-growth rate of almost $ 0,5 per day starting from the price level $2, 250 how much it was in 2017. on McAfee’s date of prediction.

Yes, Bitcoin price so often changes the value so the 0,5% doesn’t sound too much. The charm of exponential increase.

Bitcoin is limited. There is 21 Million BTC. Period. You see, we have more millionaires on this planet. There are not enough Bitcoins for each of them.

The principle of how Bitcoin rise is simple.

The more people are buying it, the price is higher.

The market capitalization of bitcoin is still small. Of course, if we make a comparison to the stock market or gold for example.

There is no need to buy one Bitcoin as a whole. You can buy a part of a bitcoin, so-called bits. And what will happen? The more people are buying, the price will grow more.

There is no need to buy one Bitcoin as a whole.

You can buy a part of a bitcoin, so-called bits. And what will happen? The more people are buying, the price will grow more. Moreover, the popular fiat banking system is too complicated and you will find that bitcoin is a lot more practical. The price will jump again.

Bitcoin against the politicians

U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies. Moreover, he recommended that Facebook may need a banking license if the company wants to launch Libra. Sic!

May any president have an influence on crypto?

Well, Bitcoin doesn’t care about their opinions.

Anyway, Mr. Trump tweeted:

Take the quiz at the end of the post!!!

… and about Facebook’s Libra

In the past 24 hours, the price of Bitcoin rose 7,9%.

The other cryptocurrencies recorded even higher increases. Ethereum rose nearly 8% and Monero more than 13%.

And BTC against the dollar marked changes that should cause the upsets. According to CoinDesk: it touched an unusual of $12,033.74 and a low of $11,142.79. Who won’t be worried?

Bitcoin did not respect Trump’s anti-crypto comments.

We saw the last trading! After Trump’s tweets, the BTC price was higher for 1% in one day, the price was $11,447.

Even more, crypto doesn’t care about the Fed’s opinion.

Federal Reserve Chair Jerome Powell talked largely about Facebook’s Libra.

Powell accented that before proceeding, Facebook needs to address “serious concerns” in regards to “privacy, money laundering, consumer protection, and financial stability.”

Same old words!

The bottom line

What we can say about the future of Bitcoin price is that there are some chances to drop below $11,000. The crypto market is well-known as volatile. But it can rise to $16,000 also to the end of July.

This old guy is smarter than we think and no one should underestimate a possibility to surprise us. Moreover, many traders expect exactly that. The price to go up.

12th July 2019
Christine Lagarde as an EBC head: Good or bad for cryptocurrencies future?

2 min read

Christine Lagarde, a new ECB head is remarkably pro-crypto.

Investors and advocates of Bitcoin and the crypto markets have long held that the zenith of adoption the crypto would come when authorities and central banks started becoming friendly towards the new technologies.

The new head of the European Central Bank (ECB) Christine Lagarde is pro-crypto. Can it be good or bad for cryptocurrencies?

Previously, she has shown a huge interest in crypto and how the new tech can help develop tomorrow’s overall economy.

Will this help to promote acceptance of cryptocurrencies?

Christine Lagarde has promoted for state-backed digital currencies.

She said it could improve the capability of such state’s economy.

“I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy,” she told at the Singapore Fintech Festival Nov. 14.

If done correctly, central bank-issued digital currencies could “could satisfy public policy goals,” she noticed, specifically “financial inclusion,” “security and consumer protection,” and “privacy in payments.”

During the speech in Singapore, Lagarde meantime persisted on the “downsides” of CBDCs, too

“I would also like to highlight the risks of stifling innovation — the last thing you want. My main point will be that we should face these risks creatively.”

We must be honest, the new ECB boss is more open to centralized crypto selections than to decentralized ones, like Bitcoin. She has supported already for state-backed cryptocurrencies and tokens like XRP and JPM coin. Maybe, she just needs more encouragement. We will see. It isn’t possible for any traditional bank to support the crypto, but to embrace its existence and allow using in transactions would be very useful, both for the bankers and crypto-owners.

Lagarde supports

Last year, in February, Lagarde in an interview for CNNMoney said that “the trend showed a “herd mentality” of those looking for high yield products as well as an element of speculation.”

Lagarde continued that this trend was also fired by “dark activity.” That was explained by the potential for cryptocurrencies to be “used for money laundering and other illegal online activities due to their anonymous nature.”

We can’t argue with this opinion because it is true. But, also, the regulation would be helpful. The difficult part, someone can think, is how to provide for crypto to remain anonymous and regulated. Well, it isn’t too hard. The hard part is how to avoid dark activity. Fiat showed less capability.

Lagarde has said that Bitcoin and other cryptocurrencies could develop financial markets. She especially pointed to the speed and security of transactions.

We are sure that Lagarde’s main interest will not be the adoption of cryptocurrencies. She will have some bigger difficulties in the EU monetary system and economy. But, also, we have to notice that Lagarde is opened toward new technologies such as blockchain and it is very good. It can be promising for the crypto in the future. Christine Lagarde on the head of the ECB can have a very positive influence on the crypto industry and market in whole.

For now, for those of us who truly believe that the future for cryptos is coming, it is good news that Christine Lagarde’s opinions about Bitcoin are positive.

8th July 2019
Forex market today: Mario Draghi has guts

4 min read

EU Forex market

Mario Draghi, the ECB President, declared that the asset purchase program still has significant capacity. Draghi is well-known as a man who talks down the euro even when Interest rates could drop more. The euro is dropping a 1/3 of 1% against the dollar which is around 50 pips. The stock markets are moving healthily into the green.

On the 4-hour chart from Wednesday, 19/6/2019, we can see a break of the 61.8 fib level. This may submit the downtrend continues but after this a downturn, it wouldn’t be surprising that an early reversal correction may hit the 78.6 fibs, around 1.1150.

Symptoms of trend exhaustion could be attractive.

The bond yield is falling, and the German 10-year running record is low. This trend is continuing from early October last year.

Mario Draghi said that the Eurozone economy would need new expansionary actions if its future growth and inflation forecasts turned out to be just as weak. The ECB is ready to reduce interest rates and resume asset purchases.

UK market

The British pound is still suffering due to the possibility of “hard” Brexit. The attitude of financial markets will depend on upcoming economic events. Today, the Bank of England will decide on the interest rate.

US Forex market

The US dollar dropped lightly against the basket of major currencies. It is expected the regulator to hold the interest rate at the current level of 2.25-2.5%. Yet, it is likely that in July the Fed will decrease the interest rate due to the situation in the global economy which shows all signs of weakness. The US dollar index was closed in the negative zone (-0.25) on Wednesday.

US President Donald Trump accused the ECB, and the Chinese government, for the effort to reduce their national currencies to obtain a rival advantage over the US.

Many people are asking themselves is Forex market a scam. We provide you the answer from a professional trader.

The Forex market isn’t a scam it is an important part of our lives

by Hans Stam

Many people are asking if Forex is a scam, so it might be a good thing to take a look at this Question.

Currency Trading in itself is not a scam, however, that answer really is too short.

There are some things you really should know.

Forex trading is a way to trade currencies against each other and that in itself is Legit.

This is just a matter of Trading Currency value against each other.

Then there are Brokers who offer you the Platforms to actually Trade.

All I really like to say about that in public is that there really is a reason the FCA regulations are in place.

Once you have opened and funded an account, you are ready to go

Then why?

… do people think it is a scam.

Many, many Traders lose a lot of money and I do know why.

Most of the time you will get answers like, you really need to work hard, or you have to study until you drop.

But really, where are their credentials?!

And once they are starting to make some money, most blow it by becoming too confident and greedy.

You do not have to be one of them.

As you may have read in the previous post about mentorship, you can skip all the nonsense and go right for the profit.

Unfortunately not many are actually prepared to do what needs to be done and rather stay ignorant and keep on trying to let others think for them.

It’s a waste of your time and money!

Action!

There is an incredible amount of information about Trading Forex, but it all starts with you taking action.

What do you want to do, and how would that influence your life?

Will you set up a plan of action? Who will you contact, and what are you prepared to do to reach your goals?

In previous articles, there are already a lot of tips on how to start, and it would take you less than a day to read and understand it.

It will change your life if you take yourself seriously and take action.

I advise you to look for the best info you can gather and make a decision, is this for you or not?

If it’s not, then don’t do anything, but if it is, start making contact and go from there.

Help!

There are good people here willing to help you, so why not take advantage of the opportunity presented to you?

You can always decide later if this is a golden opportunity for you or that you have lost faith in the jungle of opinions.

Right now, all the articles you can read here are free, all it takes is a bit of your focus and time to help yourself.

Will you become one of the few percents of people who have read this information, and actually took the help that’s here for you?

Most of you don’t so, let this be a very personal question to you.

Are you the one?

Are you the one of the very few that is ready to go for it?

Are you ready to spend the next 20 years creating something amazing?

Time will pass no matter if you do or don’t. So it really is a matter of you choosing today what you will be tomorrow.

If Forex is not for you, are you already satisfied with the research you have done to base your opinion on?

Will you join the crowd that thinks Forex is a Scam or will you start your plan to change?

I do realize this will take you out of your comfort zone, and not many have the courage to do that, but if you want to change, that’s exactly what you will need to do.

Educate yourself, read the articles, take action.

The bottom line

The forex market is the biggest, most liquid global market with an average daily trading volume exceeding $5 trillion. All the world’s stock markets together can’t even come close to this. The tremendous number of $5 trillion covers the complete global foreign exchange market. But daily trading volume from retail traders makes up between 5-6% of overall volume, or between $300-400 billion. So, you see, there are so many spaces for new traders.

Bookmark Traders Paradise for new articles, contact whoever can help you, start today or put it back on the shelf to forget about it. And don’t forget to follow the Educational series by Hans Stam

To your success!

20th June 2019