×
Menu
Search

Currencies

China Gets Aggressive!! – Sets Yuan On Fire Of 7.0039 And Is Prepared For An Economic Slowdown To Beat Trump

Every night at 9 p.m. ET, the People’s Bank of China (PBOC) fixes a level at which the Yuan (Renminbi) will trade against the U.S. dollar within China. On Wednesday, the central bank sets the Yuan midpoint at 6.9996 per dollar. But by Thursday, it crossed the red line and breached the 7 level – […]

... written on Aug 08 2019

China Strikes Back!! – Trade War Becomes Currency War After Suspends U.S. Agricultural Goods & Devalues Currency

In retaliation for Donald Trump’s announcement last week of new 10% tariff against an additional US$300 billion of Chinese goods, effective September 1, Beijing has finally fired its biggest shot since the trade war started in March 2018. It devalues its currency Yuan (Renminbi) and officially suspends purchases of American agricultural products.   As a […]

... written on Aug 06 2019

Trade War Is Tough To Win – How A Desperate Trump Vetoed Advisers’ Objections Of New Tariffs On China

In March 2018, about 17 months ago, President Donald Trump confidently – even arrogantly – said that trade wars are good, and easy to win. His first shot at Mexico, imposing a 25% tariff on steel and a 10% tariff on aluminium, helped spark a 420-point drop in the Dow Jones Industrial Average (DJIA) and […]

... written on Aug 05 2019

Stocks Crashed 333 Points! – Powell Cuts Interest Rate But Not Enough To Satisfy Trump & Market

Federal Reserve Chairman Jerome Powell was caught between a rock and a hard place. If he refuses to obey Donald Trump, he would be condemned. If he obeys his boss, he would be a puppet of the U.S. president. So when he took the middle way, cutting the key interest rate as desired by Trump, […]

... written on Aug 01 2019

The Trump Effect! – Home Sales Plunge 36% As Chinese Buyers Flee, Continue Dumping US Treasury

For the 12-month period from April 2018 to March 2019, U.S. home purchases by foreign buyers dropped 36%. According to the National Association of Realtors (NAR), foreigners bought only 183,100 properties worth about US$77.9 billion, down from 266,800 valued at US$121 billion in the previous period. That’s a loss of US$43 billion worth of home […]

... written on Jul 18 2019

The U.S. Is Already In Recession – And There’s Something Wrong With The Stock Market Rally

If the United States’ economy is in bad shape due to its trade war with China, how come its stock market has been so bullish lately? The S&P 500 is about to pull off its best first half of a year in at least 10 years and the Dow Jones Industrial Average (DJIA) is enjoying its best June […]

... written on Jun 27 2019

Meet Libra – Here’s How Facebook’s New Cryptocurrency Works and Looks Like

Facebook, despite earning US$55.8 billion in 2018, isn’t happy with its profit. Facebook wants to become the Federal Reserve of social media – ability to print money and control the money supply and movement ultimately. Meet Libra, the new digital currency just unveiled by Facebook, scheduled to be launched in the first half of next […]

... written on Jun 18 2019

Side-Income Ideas That Might Make You A Millionaire

Having a side gig will help you boost your income for sure, but as you anticipate, it will be eating up most of your time. Juggling with a 9 to 5 job and another gig will keep you busy 24/7. So, what solutions do you have here? You can look closer into side income-generating investment […]

... written on May 30 2019

How The Global Economy Affects The Markets

If you’re trading online, it’s crucial that you understand how the global economy works. This will give you the knowledge and expertise to interpret economic data. You can then apply this knowledge when making trading decisions. For example, when the US markets fall, there is a probability that Asian and European markets will fall as […]

... written on Apr 26 2019

Mohamad Hasan Should Not Only Be Investigated For Laundering RM10 Million To London, But Also Tax Evasion

The RM10 million he remitted through a money changer a decade ago was for the purchase of an apartment in London – claims former Negeri Sembilan Mentri Besar (Chief Minister) Mohamad Hasan. It appears his past has come back to haunt the Barisan Nasional candidate fighting for the Rantau by-election.   Popularly known as “Tok […]

... written on Apr 08 2019









Browse pages below for more ...