ECB Endgame Has Governments Thinking About Rate-Hike Damage – TIME TO PAY ATTENTION TO EURO.

European finance ministers and central bankers will gather in Vienna this week to discuss a key test for the euro zone’s expanding economy — whether it can cope with interest-rate hikes. The debate reflects the currency bloc’s relatively solid economic health after a decade of crises and recessions, but also marks a new challenge. The European Central Bank’s plan to gradually unwind years of extraordinary monetary stimulus comes with the risk of destabilizing asset markets such as stocks and real estate if they’re bloated by cheap money. Higher interest rates could also cause problems for national governments, which have increased borrowing in the past decade. Total debt in the euro area stands at about 84 percent of gross domestic product this year, compared with 65 percent in 2007, according to the International Monetary Fund. Read More @

Mark Carney willing to lead Bank of England through Brexit aftermath – Mark Carney has indicated that he’s willing to extend his tenure as governor of the Bank of England to help manage the consequences of Brexit next March.

Carney confirmed he had discussed with the government how he could help the United Kingdom transition out of the European Union, and said he expected an announcement to be made “in due course.” Read More @

Amazon’s market value tops $1tn – Amazon shares are not turning back – this shows that ALABAMA has also the potential to reach the same value is years to come.

Amazon has briefly become the second US-listed firm to have a market value of more than $1 trillion (£779bn). Shares in the e-commerce giant rose nearly 2% to a high of $2,050.50 in morning trade before slipping back. Apple reached the same milestone in early August. Founded in 1994, Amazon is now the world’s largest online retailer. Its chief executive, Jeff Bezos, is the world’s richest man, with a net worth of more than $160bn. How Jeff Bezos took Amazon to the top Neil Saunders, managing director of GlobalData Retail, said: “To reach a market capitalisation of over $1tn is impressive. To do it in a little over 24 years is extraordinary. “That Amazon has achieved this demonstrates its dramatic advancement in both the retail and technology sectors, as well as the influence it now wields over large parts of the consumer landscape.” Read More @


USD breakout from the 95 and now at pullback stage; we don’t thing trump is too happy with USD heading north. Will USD move north? We are cautious and wait at the sideline to see the USD next move first before taking a trade.


  1. 9.30am – Australia will release their GDP – expect Volatility in favor of AUD.
  2. 9.45am – China will release their CAIXIN – USDCNY goes to action.
  3. 3.15 – 4.30pm – France, Germans, Italian, Spain and EURO will release their services PMI – we are in favor of a good data and we have moved from SELL EURO to BUY.
  4. 5.00pm – EURO will release their Retail Sales – expected to be good.
  5. 8.30pm – Canada will release their Trade Balance and is expected to be good.
  6. 8.30pm – US will release their Trade Balance and is expected to be weak.
  7. 10.00pm – CAD expected t be very volatile as Bank of Canada release their Rate – we are expecting no change to the rate. We favor buying CAD.

Overall the market is still cautious and USD looking for a new direction. Always be mindful of your money management.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.



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