Recession risk is ‘below average’ for the next three years, Goldman says

  • The U.S. economy stands only a “muted” chance of falling into recession over the near term and a “below average” likelihood over the next three years, Goldman Sachs says.
  • Economist Daan Struyven modeled the current run, which is just 10 months away from being the longest expansion in history.
  • He cautioned that a sudden growth spurt could change things and switch the recovery from midcycle to late cycle. Read More @ https://www.cnbc.com/2018/10/01/recession-risk-below-average-for-the-next-three-years-goldman-says.html

Canadian Dollar Surges on New NAFTA Replacement

The Canadian dollar surged sharply against other major currencies on Monday, extending its rise from late last week, as President Trump aggressively promoted the newly-struck U.S.-Mexico-Canada Agreement (USMCA) as an “extraordinary” replacement for the longstanding North American Free Trade Agreement (NAFTA). Prior to the deal being finalized over the weekend, the past several weeks had been fraught with uncertainty over the state of U.S.-Canada trade relations. The U.S. had already struck a trade deal with Mexico in August, which seemed to leave Canada – the third NAFTA partner – as the odd one out. This shaky status for Canada helped keep consistent pressure on the Canadian dollar against its major counterparts, including the relatively strong U.S. dollar. Read More @ https://www.investopedia.com/news/canadian-dollar-surges-new-nafta-replacement/

US Dollar Refuses to Die as Global Reserve Currency — But Loses Ground

Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on.

Those who’re eagerly awaiting the end of the “dollar hegemony,” or the end of the dollar as the top global reserve currency, well, they’ll need some patience, because it’s happening at a glacial pace – according to the IMF’s just released data on the “Currency Composition of Official Foreign Exchange Reserves” (COFER) for the second quarter 2018. What it confirms: Global central banks are ever so slowly losing their appetite for being over-exposed to US-dollar-denominated assets, though they’re not dumping them from their foreign exchange reserves; they’re just tweaking them. Read More @ https://wolfstreet.com/2018/09/30/us-dollar-global-reserve-currency-hegemony-chinese-rmb-yuan-euro/

WHAT IS THE USD INDEX SAYING?

This week NFP will be clearer for USD – but for now USD dominates the market – today the exchange rate for USD vs PESO is 54.30 – very close to our target if 55. FED is likely to increase rate again in December and that will push all Asia currencies to the south. Be cautious if you are trying to short the USD. USD is still a demand even after China by-pass the Petro-dollar. What really makes the USD strong? https://wolfstreet.com/2018/09/30/us-dollar-global-reserve-currency-hegemony-chinese-rmb-yuan-euro/

Also US economy is back to shape after massive debts and QE – US Stock Market is also all time high with massive earnings from SP500 companies. Now is all about watch and see – WHAT’S NEXT?

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 12.30pm – RBA will release rate statement and Cash Rate – expect massive volatility in favor for AUD.
  2. 1.00pm – Japan will release their consumer confidence and is expected to be good.
  3. 4.30pm – UK will release construction PMI – expect volatility in favor of GBP.
  4. ALL DAY – EURO MEETINGS be cautious as you can expect EUR volatility anytime.
  5. 10.00pm – Member of FOMC will speak and volatility is expected in favour of the USD.

The market is wait and see now if the USD breaks the $95 INDEX. Be cautious and always have money management in place at all times.

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.

 

19 Comments
  1. web hosting it 5 months ago

    Hello there! This is my first visit to your blog! We are a collection of volunteers and
    starting a new initiative in a community in the same niche.

    Your blog provided us valuable information to work on. You
    have done a extraordinary job!

  2. http://t.co/ 5 months ago

    It’s remarkable in favor of me to have a website, which is
    beneficial designed for my experience. thanks admin

  3. t.co 5 months ago

    Hi it’s me, I am also visiting this site daily, this web page is
    truly fastidious and the users are genuinely sharing good thoughts.

  4. asmr what 5 months ago

    Very great post. I just stumbled upon your blog and wanted
    to mention that I have really loved browsing your weblog posts.
    After all I will be subscribing for your rss feed and I am hoping you write again soon!

  5. but scoliosis surgery 5 months ago

    Hello to all, how is the whole thing, I think every
    one is getting more from this site, and your views are
    pleasant in support of new viewers.

  6. my asmr 5 months ago

    I all the time used to study paragraph in news papers but now as I am a user
    of net so from now I am using net for posts, thanks
    to web.

  7. asmr the 5 months ago

    Howdy! Do you know if they make any plugins
    to safeguard against hackers? I’m kinda paranoid about
    losing everything I’ve worked hard on. Any tips?

  8. asmr your 5 months ago

    bookmarked!!, I really like your site!

  9. Good day! I simply want to give you a huge thumbs up for the excellent information you have got right here on this
    post. I am returning to your website for more soon.

  10. Heya i am for the first time here. I came across this board and I find It
    truly useful & it helped me out a lot. I hope to
    give something back and help others like you helped me.
    asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

  11. off quest bars 5 months ago

    I’m really enjoying the theme/design of your
    website. Do you ever run into any browser compatibility problems?
    A small number of my blog visitors have complained about my site not working correctly in Explorer but looks great in Opera.
    Do you have any ideas to help fix this issue? quest bars http://bit.ly/3jZgEA2 quest
    bars

  12. bitly.com 4 months ago

    Aw, this was a very good post. Taking the time and actual effort to generate a
    really good article… but what can I say… I put things off a whole lot and never seem
    to get nearly anything done. scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  13. http://j.mp/3C42OCu 4 months ago

    Having read this I thought it was really enlightening.
    I appreciate you taking the time and energy to put this informative article together.
    I once again find myself personally spending way too much time both reading and posting comments.
    But so what, it was still worthwhile! cheap flights http://1704milesapart.tumblr.com/ cheap flights

  14. tinyurl.com 4 months ago

    Link exchange is nothing else however it is simply placing the other
    person’s webpage link on your page at appropriate place and other person will also
    do same for you. ps4 https://tinyurl.com/45xtc52b ps4

  15. coub.com 4 months ago

    I am not positive where you’re getting your info, but good
    topic. I needs to spend a while learning more or figuring out more.

    Thank you for great info I used to be in search of this info
    for my mission. scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

  16. www.iherb.com 4 months ago

    I couldn’t refrain from commenting. Very well written! quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

  17. ps4 games for 3 months ago

    Woah! I’m really loving the template/theme of this blog.
    It’s simple, yet effective. A lot of times it’s very difficult to get that “perfect balance” between user friendliness and visual appeal.

    I must say you have done a amazing job with this.

    In addition, the blog loads extremely fast for me on Internet
    explorer. Exceptional Blog!

  18. a ps4 games 3 months ago

    I am not sure where you are getting your info, but great topic.

    I needs to spend some time learning much more or understanding more.
    Thanks for fantastic info I was looking for this
    info for my mission.

  19. http://j.mp/3pW6WBF 2 weeks ago

    Having read this I thought it was very enlightening.
    I appreciate you taking the time and energy to put this content together.

    I once again find myself personally spending a significant amount of time both reading and
    posting comments. But so what, it was still worthwhile!

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2022 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?