Afghanistan Crisis Could Set Back Biden Legislative Push

The gap between Wall Street and the rest of the globe has rarely been so wide. Despite the United States' foreign policy failure in Afghanistan and falling consumer confidence at home, the Dow Jones Industrial Average and S&P 500 hit new intraday highs on Monday, while the Nasdaq Composite is hovering just below its all-time high. 

While the chaotic scenes in Kabul following the Taliban's victory had little direct impact on Wall Street — scenes eerily reminiscent of the humiliating 1975 exit from the US embassy in Saigon at the end of the Vietnam war — the prospects for President Joe Biden's ambitious legislative agenda have been cast into doubt.

To be sure, terminating the United States' engagement in Afghanistan drew widespread support. The White House, on the other hand, will undoubtedly suffer politically as a result of the botched exit.

President Joe Biden recognized that events in Afghanistan "had unfolded more quickly than we anticipated" in a statement released Monday afternoon. However, he blamed the Taliban takeover on Kabul's leadership and the Afghan military's lack of "desire to combat" the terrorists.

"President Donald Trump laid the stage for a hasty exit from Afghanistan, and Biden simply followed Trump's lead." In a client note, James Lucier, a Washington analyst with Capital Alpha Partners, says, "There is no doubting that the manner of departing was catastrophic and shambolic, and it throws into question the foreign political acumen that was the primary credential of the Biden Administration."

President Donald Trump set the stage for abrupt withdrawal from Afghanistan

This couldn't have come at a worse time for the Biden administration as it seeks to advance its legislative agenda, he adds. 

House Speaker Nancy Pelosi (D., Calif.) pivoted Sunday to move forward on the $1 trillion bipartisan infrastructure bill along with the $3.5 trillion budget reconciliation package. But nine House Democrats have called for passage of the bipartisan infrastructure measure before voting on the budget reconciliation bill. 

Progressives want the two to move together. Given solid GOP opposition to the reconciliation bill, House Democrats can afford only three defections in light of their slim majority. 

The political clout of the Biden administration will be diminished, at least temporarily, when it is needed most to get its agenda passed, Lucier says. As a result, the legislative process could be slower and might be scaled back compared to what might have happened if the exit from Afghanistan been smoother, he says. 

Financial markets, meanwhile, face growing uncertainties on the economic home front. 

Last Friday, the University of Michigan reported its consumer sentiment index plunged in August to 70.2 from 81.2 a month earlier, the steepest drop since April 2020, during the dark early days of the pandemic. The reading on current conditions fell, and the outlook for future business conditions dropped to its lowest reading in eight years, David Rosenberg, founder of Rosenberg Research, wrote in his Monday missive. 

While inflation expectations remain elevated, sentiment for "buying conditions" fell sharply, as stimulus checks brought forward lots of spending, he said. In particular, nearly 70% of respondents said now is a "bad time to buy a house," the highest reading since August 1982, and a stunning collapse from a recent peak positive reading last December. At the same time, expectations for respondents' personal financial position in 12 months worsened, while expectations for business conditions a year out plummeted. 


All this bodes poorly for Democrats in the 2022 mid-term elections, Rosenberg wrote. While expectations among Republicans had already fallen sharply after last November's election, they have started to turn more negative among independents and Democrats, which could make things "very challenging for Biden's presidency over the coming months as the economic recovery wanes," Rosenberg said. 

Bond yields resumed their decline following Friday's downbeat University of Michigan sentiment numbers. At about 1.25%, the benchmark 10-year Treasury sits roughly halfway between last week's high of 1.375% and the previous week's low of 1.125%. Commodity prices are again under pressure with economically sensitive copper and crude oil sliding on signs that China, the world's No. 2 economy, shows signs of slowing. 

From the bad-news-is-good-news partisans, signs of worsening consumer attitudes supposedly are bullish for stocks, based on history. Such episodes typically spurred the Federal Reserve to ease. But the next move for monetary policy is toward greater restraint. 

Fed officials are likely to begin to reduce the central bank's $120 billion monthly securities purchases in about three months if the economy's recovery proceeds as they expect, the Wall Street Journal reported. The Fed's asset purchases could end by the middle of 2022, the Journal said. 

Inflation has moved to the top of consumers' concerns, with the consumer price index up 5.4% in July from a year ago, the steepest increase since 2008. That ran ahead of the 4.6% rise in average weekly earnings, leaving consumers behind in real, or inflation-adjusted terms, which was reflected in the downbeat University of Michigan data. 

At a minimum, the stock market could become increasingly volatile. Until now, the S&P 500 has moved up steadily in an ever-narrowing range, writes Julian Emanuel, chief equity and derivatives strategist at BTIG, in a research note. A dip below the index's 50-day moving average, 4332.12 as of Friday, could break that band. To profit, he suggests a "strangle," combining the purchase of an upside call option with a 4510 strike price, and a simultaneous purchase of a 4330 bearish put, both with a Sept. 30 expiry, based on the Aug. 13 cash close of 4468. 


The stock market's recent advance has been almost boring, as the major averages have moved up without drama. Now, the contrast between high stock prices and a slowing economy and worsening political problems for the White House could make things more challenging for investors. 

Retail is NOT Dead ECommerce Webinar #TechUp featuring ETAILY

The social media era has swept the globe like no previous movement before it. Social media allows users to interact with individuals all over the world and share films, images, opinions, and personal experiences. Connectivity has increased dramatically as a result of technical advancements, allowing even the most remote locations to access the internet.

The Asia Pacific area has shown a strong response to this new dawn of social networking as the rest of the world has. The region's social media consumption has exploded, with China, India, Indonesia, and Japan leading the way in terms of monthly active users.

Furthermore, Filipinos spend the most time on social media each day, much exceeding the worldwide average, and were followed by Indonesia, Malaysia, Thailand, and India. As a result, it should come as no surprise that Asia Pacific has a robust social media presence.

Average daily time spent using social media in the Asia Pacific in 3rd quarter of 2020, by country (in hours and minutes)

Smartphones and linked gadgets have been more readily available to Asia Pacific populations in the period of consumerism and increased levels of disposable income, which has supported the region's expansion and surge in social media usage.


What Is E-Commerce (Electronic Commerce)?

Electronic commerce, also known as e-commerce or eCommerce, is a business concept that allows businesses and individuals to buy and sell goods through the internet. E-commerce is present in each of the four key market segments listed below:

✅ Business to business

✅ Business to consumer

✅ Consumer to consumer

✅ Consumer to business

E-commerce, which can be done on computers, tablets, and smartphones, can be viewed of as a digital version of catalog shopping. E-commerce transactions can be used to buy almost any commodity or service imaginable, including books, music, plane tickets, and financial services like stock investing and online banking. As a result, it is regarded as a highly disruptive technology.

KEY TAKEAWAYS:

📌 The buying and selling of goods and services over the internet is known as e-commerce.

📌 E-commerce can be used in place of physical stores, while some companies choose to keep both.

📌 Today, almost anything can be purchased via e-commerce.

Retail is NOT Dead. TechUp Retail Webinar [8.17.2021]

The rhetoric that "retail is dying" is false. In reality, in this post-Covid era, retail is rapidly evolving to fulfill consumer demands for in-store innovation and service solutions for their purchasing needs. E-commerce is one of the hottest topics right now, but it's not just about placing your things on the internet and hoping someone would buy them. It does not compete with traditional retail; rather, it complements and grows it. It's not just about sales; you need to build relationships with your customers and then personalize your connection with them through the correct in-store experiences that offer them reasons to return.

Tenant mixtures are evolving and changing in reaction to changes in customer behavior, which is one of the current innovations in play. Prior to Covid, we witnessed tenants consolidate their space, as well as the closure of underperforming stores. Certain retail categories, such as supermarkets, pharmacies, and athleisure tenants, were, on the other hand, expanding. This is due to buyers' concentration on necessities, health and beauty products, and shifting fashion preferences.

Breaking the E-Commerce ceiling in South East Asia

Discover why South East Asia lags behind the rest of the world in E-Commerce, despite being a leader in Digital transactions, and how a Philippine Start-up leads the change.          

Join ETAILY in unlocking the Philippines as the Economic Hub of the ASEAN.

You are watching Retail is NOT Dead. #TechUp Retail Webinar: 

Etaily, is an end-to-end e-commerce service provider, offering a one-stop omni-channel solution ranging from warehousing and fulfillment, technology to integrate all digital channels, channel management, performance and social media marketing.

https://etaily.com/


Digital Pilipinas is a multi-month event that aims to bring the country towards a prosperous and innovative future that will accelerate the development of regions, cities, and towns; businesses; and entrepreneurship. Designed to bring and build advancements that will make our nation globally competitive, Digital Pilipinas will showcase that the Philippines is an emerging thriving technology nation and a platform for the Filipinos’ local and global prosperity. 

https://digitalpilipinas.ph/


At GeiserMaclang, we believe in the fundamental importance of building trust with all of our stakeholders. We achieve this by exhibiting accountability, responsibility, and a commitment to deliver value at every interaction. Possibilities lie in new and uncharted territories in the field, and in order to pursue them we must first build confidence amongst our stakeholders. 

https://www.geisermaclang.com/


Foxmont Capital Partners - We are not only investors, we are fellow entrepreneurs who strive to build close relationships with you and your organization. Grow with us. We believe we can add concrete value to your business because, in addition to providing capital, hands-on support, strategic advice, network, and experience, we more importantly understand what it takes to endure the challenges of growing a business in the Philippines.

https://www.foxmontcapital.com/


About DigitalFilipino - Janette Toral - a personal website of Janette Toral that started last September 17, 1999. This site has served as a platform for numerous online experiment in the area of e-commerce, Internet research, Philippine Internet history, and blogging.

https://digitalfilipino.com/


MSME Tech Tools [The Department of Trade and Industry]

This site was developed to provide information to micro. small and medium enterprises (MSMEs) on the different technology tools, applications, platforms and resources available in coping with the challenges and disruptions brought by the community quarantine.

https://www.dti.gov.ph/covid19/tech-tools/

Pandemic proof Online Business for Filipinos 2021

You're not alone if you've been wondering whether or not to launch an online business. Starting an online business has gotten easier and less expensive thanks to technological advancements and the internet. If you're still not convinced, read on for ten reasons why now is the best moment to get started.

Overall, the COVID-19 pandemic has wreaked havoc on the American economy, with small firms bearing the brunt of the damage. The restaurant business, for example, is well-known for its problems. Almost all Restaurants have suffered where indoor eating has yet to return.

Entrepreneurs are a unique breed of people who are always looking for new business chances. Some people go out on their own in search of fresh chances, while others are continuously pitched new ideas. Due to high overhead, slow scalability, and low profits, the bulk of possibilities, no matter how appealing they may appear, wind up being a full money-sucking nightmare. Online enterprises, on the other hand, can be quite enticing because they avoid the common stumbling blocks that most new ventures confront.

In this time of uncertainty, we have interviewed 3 Entrepreneurs who ventured online business during this pandemic and became successful in their endeavor. Namely, Mr. Darwin Ira, a full-time employee in a Call Center in which he do this online business part-time and was able to managed this business successfully. Ms. Dette Carlum, a former Call-Center Agent who gave up her career and do full-time managing her business. Lastly, she calls herself a Mompreneur because she is a full-time wife but eventually manage her online business with ease.


If you think this business is right for you, please contact them with the following details;

Chen Azores

0951-169-0324 SMART

0967-600-3301 Globe

chenazores.unified@gmail.com

https://www.facebook.com/chenazores.ramos


Dette Carlum

09294373726 smart

09150764689 globe 

dette.ups.insurance@gmail.com

https://web.facebook.com/rose.carlum 


Unified Products and Services, Inc., or simply Unified, was founded in 2011. The business started off as the marketing arm of a larger corporation. UPS shifted to be an independent Multi-Level Marketing Company, catering not only traditional products but also technology-based services such as e-Cash, ticketing, bill payments, and universal loading, as a result of the company's phenomenal growth and proven expertise in multi-level marketing. Unified Products and Services, Inc. provides a variety of dealership packages and franchise opportunities to help people throughout the world achieve financial freedom and economic stability. The Company's primary goal is to provide everyone with business opportunities through our world-class quality products and services, as well as to eliminate the stigma associated with multi-level marketing by building professional and globally competitive multi-level marketing leaders. The ideas of Unity, People Oriented, and Service & Product Excellence were inscribed in the company's leadership.


Pandemic proof Online Business for Filipinos 2021

How to install Custom Templates, and Indicators in MT4 Platform

I'm afraid that most traders aren't interested in learning about the additional features that the MetaTrader 4 trading platform may offer. This is, by the way, the most widely used online Forex trading platform. I believe we should discuss the creation of MT4 templates, for example.

People search the internet for MT4 Trading Template, and there are so many that is available in the market today. But for me, the best trading template for MT4 is something that you customized for yourself and for your own advantage. Assume we have a trading system in place that incorporates the use of certain indicators configured according to your specifications. In this article we will discuss on MT4 trading templates that we used in RichDadph Trading Community.

Many newcomers have trouble grasping the MT4 terminal. We'll go over the template installation and activation process in depth in this article. By the way, if you want to add custom indicators to your terminal, go to our members website to learn how to become a VIP member and get the RichDadph Trading Template for free.

Let's face it, those distinctive "green and black" themed colors can make you cringe when you first load up MT4 and open your first chart. Unless, of course, you enjoy the sensation of peering into what appears to be ‘The Matrix' code. Thankfully, Metatrader 4 is highly configurable, and you can do some amazing things with chart templates to make your future trading life a lot easier.


There are two sorts of templates available on the internet:

Template only
▶️ In most cases, this is a single *.tpl file. It merely alters the color scheme and display choices for certain tools (for example, it disables a grid on the chart).

Templates with indicators that include several files and folders.
▶️ They add numerous indicators to the chart in addition to typical settings.

What is the purpose of the templates? 

The lurid coloring of standard templates irritates me a lot over time. Every self-respecting trader strives to customize his or her terminal to match his or her specific demands and to make it as convenient and attractive as feasible.


Installing a custom indicator on the MetaTrader 4 platform

1. On your computer, locate and copy the MT4 custom indicator file. These are the indicator files for MT4 that you downloaded. The icons appear to be as follows:

2. Open the data folder.

3. Open MQL4 file.

4. Open the indicators folder.

5. Paste the files.

6. Restart MetaTrader 4.


What is a custom indicator and how can you use it on your charts?

1. Log in to your MetaTrader 4 account.

2. Look for the Navigator panel.

3. Locate Custom Indicators in the navigator.

4. Select Custom indicators, and your newly installed indicator should appear.

5. The Indicator Properties window will display when you double-click the indicator.

6. Select OK.

U.S. Lifts Sanctions on Former Iranian Officials, Energy Firms

In the midst of deadlocked nuclear talks, the Biden administration removed sanctions on three former Iranian leaders and many energy businesses, suggesting Washington's willingness to relieve economic pressure on Iran if the nation reverses direction.

Sanctions on former top officials of the National Iranian Oil Company and other firms involved in shipping and trading petrochemical goods were lifted by the US Treasury Department on Thursday. The steps were presented by the administration as regular administrative measures, with the officials being removed off US blacklists since they no longer worked for sanctioned businesses.

But officials familiar with talks under way in Vienna on the future of the 2015 multilateral Iran nuclear agreement said the Biden administration has been looking at how it could inject momentum into the negotiations. Oil prices fell roughly 2% in response to the announcement, but rapidly recovered, remaining above $70 per barrel.

"These actions demonstrate our commitment to lifting sanctions in the event of a change in status or behavior by sanctioned persons," Secretary of State Antony Blinken said in a statement accompanying the notice of the action.
"These actions demonstrate our commitment to lifting sanctions in the event of a change in status or behavior by sanctioned persons," Secretary of State Antony Blinken said in a statement accompanying the notice of the action.

The actions came as U.S., Iranian, European and Chinese negotiators in Vienna are preparing to resume a sixth round of talks to restore the 2015 nuclear deal with Iran, the U.S. and five other world powers. Discussions are expected to start up again this weekend in Vienna, according to people involved in the negotiations.

State Department spokesman Ned Price told reporters later Thursday that the actions have "absolutely no connection" to ongoing negotiations on the nuclear agreement. A Treasury official also said, "This is not a wider easing of sanctions on the oil sector of Iran."

The Iranian mission to the United Nations didn't immediately respond to a request for comment.

U.S. and European officials have said significant differences remain between Washington and Tehran over how to restore the nuclear deal, including the extent of any potential sanctions relief.

Signed in 2015, the nuclear agreement known as the Joint Comprehensive Plan of Action lifted international economic sanctions on Iran in exchange for temporary constraints on the country's nuclear program.

President Donald Trump withdrew the US from the agreement in 2018, calling it one-sided and claiming it provided Iran with funds for its military, weapons development, and terrorist organizations elsewhere in the region.

President Donald Trump withdrew the US from the agreement in 2018, calling it one-sided and claiming it provided Iran with funds for its military, weapons development, and terrorist organizations elsewhere in the region.

In an effort to push Iran back to the negotiating table for a stricter deal, the Trump administration reimpose sweeping sanctions on Tehran, hitting every major export sector and helping pitch the country into a deep economic depression.

Besides the oil and banking sectors, the sanctions also included the shipping, construction, auto, and metal industries and targeted hundreds of Iranian officials, financial trusts and companies by name. They effectively froze most international business dealings with Iran, threatening U.S. and foreign companies if they traded with Iran, including purchasing Iranian oil, natural gas or petrochemical products.

Iran has remained a signatory to the agreement despite consistently violating several of its terms, notably those relating to uranium enrichment. Before bringing its nuclear operations back in line with the 2015 accord, the nation has persistently asked that the US eliminate practically all sanctions. China, France, Germany, Russia, and the United Kingdom are still part of the agreement.

The Vienna negotiations now look very likely to drift past Iran's presidential elections on June 18, which some Western officials saw as a target date to complete the talks because of their potential effect on Iran's position.

the U.S. has insisted it will maintain other antiterrorism sanctions, including on the Islamic Revolutionary Guard Corps, a paramilitary group that retains significant influence on Iran's government, economy and foreign policy.
U.S. officials have said they would be prepared to lift most sanctions on Iran's oil, petrochemical and shipping sectors as part of a deal to restore the 2015 nuclear agreement. So far, the U.S. has insisted it will maintain other antiterrorism sanctions, including on the Islamic Revolutionary Guard Corps, a paramilitary group that retains significant influence on Iran's government, economy and foreign policy. Indeed on Thursday, even as it lifted some sanctions the U.S. also levied new ones against a group of men and companies that U.S. officials said are helping fund the Islamic Revolutionary Guard Corps and Houthi rebels in Yemen.

The removal of sanctions on Thursday, according to critics of the administration's Iran policy, will weaken Washington's bargaining position with Iran.

"Lifting sanctions during negotiations shows weakness to Iran and tells Tehran to continue its nefarious activities, including nuclear extortion and sending conventional arms to U.S. adversaries," said Anthony Ruggiero, a former top national security adviser to President Trump now at the Foundation for Defense of Democracies, a think tank that advocated for tougher sanctions.

Several Republican lawmakers said the action confirmed their fears about the Biden administration's Iran policy.

"The Biden admin is rushing to dismantle sanctions on Iran, including and especially their oil industry and shipping, before even the pretense of a deal," said Sen. Ted Cruz, (R., Tx.)
"The Biden admin is rushing to dismantle sanctions on Iran, including and especially their oil industry and shipping, before even the pretense of a deal," said Sen. Ted Cruz, (R., Tx.), in a tweet from his official account. "What happened to Biden's promise not to give the Ayatollah unilateral concessions?"

Thursday's moves represent a sliver of the broad spectrum of Iranian sanctions and aren't expected to yield any significant financial or economic relief to the country. Combined with the significant differences that remain between the parties negotiating in Vienna on how to restore the 2015 deal, the sanction removals themselves aren't expected to break the existing impasse.

Still, deletions from Iran sanction rolls are relatively rare, according to data available on the Treasury Department's website, with less than a handful in recent years. The last removal -- in January last year -- involved a major Chinese shipping company that vowed to no longer handle Iranian cargoes.

Thursday's action, therefore, signals to Iran that the Biden administration not only has a willingness to act, but the administrative and legal capability to do so, analysts said.

The NIOC officials were sanctioned in 2013 for allegedly evading sanctions levied against the Iranian government as the Obama administration sought to press Tehran into a nuclear deal. U.S. officials at the time said the action was aimed at disrupting Iran's nuclear and weapons programs. The companies that were removed Thursday were blacklisted in 2020 for allegedly helping Iran's sanctioned petrochemical trade, which the Trump administration said Iran's government used to help it finance groups designated by the U.S. as terrorists. 

Traders focus on US inflation data (CPI) and European Central Bank (ECB) policy decision

 Filipino Forex Traders around the world, focused on the upcoming U.S. inflation data and a European Central Bank (ECB) policy decision, both due later in the day. For the time being, global equities are hanging around an all-time high.

The US dollar shrugs off weaker Treasury yields. The ECB eyed for economic outlook. To keep the currency afloat, the US CPI needs to come in higher than expected.

DOLLAR EXPECTED TO FALL IF US INFLATION EASES

The dollar will probably fall if data on Thursday show U.S. inflation eased in May, Oanda says. 

"The inflation trade has tended to have short legs in months past, and I believe we would need to see the month-on-month consumer price index for May print at or above last month's 0.80% increase to give it more momentum," Oanda analyst Jeffrey Halley says. 

Anything less than that would prompt investors to buy everything expect the dollar, he says. 

U.S. bonds and equities would rally along with commodities and precious metals, while the dollar would depreciate, according to Halley. 

How the ECB may move the Euro?

The European Central Bank plans to post its monetary policy statement together with the interest rate tonight at 7:45 pm.

Pairs to Trade: 

EUR/USD

EUR/JPY

EUR/GBP

Traders focus on US inflation data (CPI) and European Central Bank (ECB) policy decision - Forex Trading Philippines Guide
👉  Analysts don’t expect any changes to the interest rate, which is currently held at 0%. What is more important is the reaction of the bank to stabilizing economic conditions and higher inflation. While the ECB projected inflation at 4% this year, the actual rate overshot the forecast. As a result, the bank may revise its predictions. 

👉  Another thing the ECB may draw our attention to is the possible tapering of the ECB's pandemic emergency purchase program (PEPP). 

👉  Analysts expect that the bank will try to avoid discussions on this topic as the Eurozone is still far from a recovery.

How to trade on the ECB Interest Rate Decision?

👉  The main thing we recommend you to follow is connected with an extension of the pandemic emergency purchase program. 

👉  While the statement itself may avoid this question, ECB President Christine Lagarde may provide remarks on this topic during the Press Conference at 8:30 pm tonight.  

↗️  If the ECB is optimistic, the euro will strengthen;

↘️  If the ECB is uncertain or cautious, the euro will go down.

Meanwhile, it was a calm and quite Trading session yesterday. Not much movement was made as traders were  cautious ahead of key events today such as U.S. CPI data, jobless claims and the ECB meeting.

Traders focus on US inflation data (CPI) and European Central Bank (ECB) policy decision - Forex Trading Philippines Guide

Bank of Canada: Maintains Forward Guidance On Path For Overnight Interest Rate

Bank of Canada Maintains Forward Guidance On Path For Overnight Interest Rate - RichDadph Forex Trading Philippines Guide
The Bank of Canada held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the Bank’s quantitative easing (QE) program, which continues at a target pace of $3 billion per week.

With COVID-19 cases falling in many countries and vaccine coverage rising, global economic activity is picking up. Growth remains uneven across regions, however. The US is experiencing a strong consumer-driven recovery and a rebound is beginning to take shape in Europe. 

Financial conditions remain highly accommodative, reflected in broadly higher asset prices. 

Commodity prices have risen further, notably oil, and the Canadian dollar has seen a further appreciation.

#DailyBrief | Things traders need to know today:

Thursday, June 10, 2021

👉 Traders are waiting to see if the upcoming U.S. inflation print changes perceptions of when the Federal Reserve might begin talks about tapering asset purchases. Global equities for now are hovering around an all-time high. US equities decreased Wednesday, with the financial sector moving lower on falling Treasury rates. US CPI data is expected to be +4.7% YoY in May. European and Asian indices were closed mixed.  

👉 The offshore yuan climbed after the Chinese and U.S. commerce ministers agreed to push forward trade and investment links in their first call since the start of President Joe Biden’s administration. Separately, Biden revoked Trump-era bans on TikTok and WeChat. He ordered a review of software apps from foreign adversaries and action against those that pose a security risk.

👉 The US dollar index (USDX) remained above 90 despite the yield on 10-year Treasury slumping to 1.48%, the lowest level since March. 

👉 Traders are awaiting the European Central Bank policy decision and a Group of Seven summit, which is set to vow delivery of at least 1 billion extra vaccine doses over the next year to help cover 80% of the world’s adult population. EUR rose to 1.2178 ahead of the ECB policy announcement tonight. Economic projections are also scheduled for release today. 

👉 GBP fell to 1.4112 on worries of the fast spreading delta variant.

👉 AUD was slightly lower at 0.7731, sitting above 100-day SMA and struggling for direction. 

👉 USD/JPY rose 14pips to 109.64. Japan's central bank reported that the country's M2 money stock increased 7.9% on year in May (+8.4% expected). 

👉 NZD dipped to 0.7177. 

👉 USDCAD was steady at 1.2109 after the BoC meeting where no change was made.

👉 Gold dropped for a second session to $1,888.49. 

👉 WTI crude (SpotCrude) hitting a multi-year high of 70.60 before sliding. The U.S. Energy Department reported that the latest crude-oil stockpiles dropped 5.24 million barrels, more than a reduction of 2.89 million barrels expected. 

👉 Bitcoin rebounded over 8% to levels above $36,000 after El Salvador passed a law to make Bitcoin legal tender, the first country in the world to do so. Ether climbed back to levels above $2,500.


Telegram  VIP Room TRADE SIGNAL SUMMARY:

Wednesday, June 9, 2021

EUR/USD ⬇️SELL⬇️  @  1.21800

GBP/NZD  ⬆️BUY⬆️  @  1.96600

GBP/AUD ⬆️BUY⬆️   @  1.82800

GBP/JPY  ⬇️SELL⬇️  @  155.000

USD/CAD ⬆️BUY⬆️   @  1.21000

NZD/CAD  ⬇️SELL⬇️  @   0.8710

EUR/AUD  ⬆️BUY⬆️   @  1.57400

AUD/USD  ⬇️SELL⬇️  @   0.77430


How Volatility affects our currency strength monitoring chart and MT4 platform (June 9, 2021)

When investing in the forex market, volatility is an important issue to consider. Understanding volatility, whether low or high, provides traders with an understanding of the risks inherent in trading during a specific time period. Volatility can aid you in deciding which currencies to trade as a Forex trader. It will inform a trader about whether to buy or sell a certain currency pair or even when to not enter the markets at all. 

Currency volatility is characterized by frequent and rapid changes to exchange rates in the forex market. In this video, we explore what FX volatility is and how to identify using our currency monitoring.

WHAT IS VOLATILITY IN CURRENCY TRADING?

Volatility in forex trading is a measure of the frequency and extent of changes in a currency’s value. Depending on how much its value deviates from the average — volatility is a measure of standard deviation – a currency can be regarded as having high or low volatility.

Always remember that more volatility means trading risk is high, but also more opportunities for traders to place a position as the price moves in a larger scale.

Yesterday's currency performance puts the Swiss Franc (CHF) on top while NZD at the bottom. But nothing too volatile since the chart scale only plays between the +30 and -30 Levels.

currency monitoring chart - How Volatility and currency strength affects the FX Market (June 9, 2021) Forex Trade Signal Review

Here is our FREE Trade Signal from our Telegram VIP Channel:

EUR/AUD  ⬆️BUY⬆️   @  1.57400

1️⃣ TP  1.57655

2️⃣ TP  1.57880

3️⃣ TP  1.58120

✂️ SL  @  1.56925

↗️  www.richdadph.com/p/eur-aud.html 

#EURAUD    #TradeIdea

EURAUD Daily Chart Analysis - FREE Signal Telegram VIP channel (June 9, 2021) Forex Trade Signal Review

#DailyBrief | Things traders need to know today:

Wednesday, June 9, 2021

👉 US major indexes continued the consolidation near record levels on Tuesday, while the Russell 2000 added 1% and meme stocks continued the rally. GameStop (GME) is set to report after the close on Wednesday. European and Asian indices closed mixed.

👉 The U.S. dollar was mixed against other major currencies, the Dollar index (USDX) climbed above 90 despite the yield on 10-year Treasury moving lower to 1.53%. US job openings jumped to a record of 9.3 million. 

👉 EUR/USD dropped 16 pips to 1.2174. Official data showed that the eurozone's GDP fell 0.3% on quarter in the first quarter (vs -0.6% expected). Germany's ZEW investor confidence index was posted at 79.8 in June (vs 86.0 expected). 

👉 GBP ended lower at 1.4153 on concerns about delayed reopening in the UK. 

👉 AUD was slightly lower at 0.7736 amid USD recovery. 

👉 USDJPY closed higher at 109.482. 

👉 NZD was down 0.46% and ended below 0.72. 

👉 USDCAD rose for a second session to 1.2115.

👉 Gold decreased to $1,892.82. 

👉 WTI crude (SpotCrude) hit $70 before retreating. US crude inventories fell by 2.1 million barrels last week. 

👉 Bitcoin lost 2.4% to $33,620.42 after Trump called it a scam against the dollar while, Ether slid 6% to $2,500. 

TRADE SIGNAL SUMMARY:

Tuesday, June 8, 2021

GBP/CHF ⬇️SELL⬇️  @  1.27200

GBP/JPY ⬇️SELL⬇️  @  155.100

GBP/USD ⬇️SELL⬇️  @  1.41800

EUR/USD ⬇️SELL⬇️  @  1.21900

GBP/CAD ⬇️SELL⬇️  @  1.71200

USD/JPY ⬆️BUY⬆️  @  109.300

USD/CAD ⬆️BUY⬆️  @  1.20700

XAU/USD  ⬇️SELL⬇️  @   1899.45

EUR/GBP ⬇️SELL⬇️  @  0.86000

GBP/AUD ⬇️SELL⬇️  @  1.8265

GBP/CAD ⬇️SELL⬇️  @  1.7090

CAD/JPY ⬆️BUY⬆️  @  90.585

EUR/JPY ⬇️SELL⬇️ @  133.29

EUR/NZD ⬆️BUY⬆️  @  1.6889

Bitcoin, Ether, Dogecoin Prices Slump as Selloff Picks Up

Selling in bitcoin, ether and dogecoin accelerated Tuesday, with concerns about heightened government intervention adding to recent pressure on cryptocurrencies. 

Bitcoin slid more than 12% on Tuesday before recovering some ground to settle at $33,637.57 by 5 p.m. EDT. That still was its lowest settlement price since Jan. 31. It is down 47% from its April record. Ether fell 4.3% to $2,537.01 and joke cryptocurrency dogecoin -- a favorite of individual investors -- tumbled more than 13% before settling down 3.3% at 33 U.S. cents. 

Bitcoin traders are "falling out of love once again," said AvaTrade analyst Naeem Aslam, "and it seems like the bulls are losing more ground." 

The recent skid marks a reversal after bitcoin rallied to more than $64,000 in April -- doubling in price in less than four months and attracting a new wave of retail and institutional investors. 

Billionaire hedge-fund manager Paul Tudor Jones has disclosed bitcoin holdings. Elon Musk's Tesla Inc. bought $1.5 billion worth. Coinbase Global Inc., the largest U.S. exchange, saw its user base rise to about 56 million in the first quarter from 34 million a year earlier. 

Bitcoin, Ether, Dogecoin Prices Slump as Selloff Picks Up - Latest update on cryptocurrencies

Unlike stocks, bonds or commodities, cryptocurrencies don't have any kind of fundamentals off which to base a fair value, so bitcoin and its brethren tend to swing with investors' sentiment. And since early spring, that momentum has faded. Bitcoin traded as low as $30,201.96 on May 19 -- more than 50% off its record -- and not far off Tuesday's low of about $31,035. 

"We are seeing a pullback after a massive run-up," said Joel Kruger, a strategist at cryptocurrency exchange LMAX Digital. 

One factor driving that reversal: worries that the rise in use of bitcoin and other assets could lead to stricter oversight and involvement by regulators. The Justice Department on Monday said that it had recovered 64 bitcoin, valued then at roughly $2.3 million, from hackers who hit a major East Coast fuel pipeline with a ransomware attack last month. It is a sign that regulators are stepping up efforts to combat ransomware attacks that rely on bitcoin. 

The Justice Department said it got a seizure warrant from a California judge who allowed it to capture the bitcoin from the account, or "wallet, " holding the funds. It is not clear, though, whether the extortionists or an exchange controlled the wallet. Some exchanges, such as Coinbase, will work with law enforcement when served with subpoenas, warrants or court orders. 

Bitcoin, Ether, Dogecoin Prices Slump as Selloff Picks Up - Latest update on cryptocurrencies
The aggressive efforts of the Justice Department reflect the urgency elected officials have about the subject. On Monday, President Biden's national security adviser, Jake Sullivan, said the role of cryptocurrency in ransomware attacks needed to be a priority at the next G-7 summit. 

Meanwhile, the Chinese government has been stepping up its regulatory crackdown, where a push to rein in its domestic bitcoin businesses is putting pressure on the industry. 

The selloff also followed comments made by former President Trump on Monday that bitcoin " seems like a scam" and competes with the U.S. dollar, which he said should be "the currency of the world," in an interview with Fox Business Network. 



[source: wsj]