Source: Bloomberg Continued trade wars between the US and China is costing global value chains about 3-5 years of growth. SPY is down -0.56%, CSI 300 is up +0.42%, USDCNY is up +0.61% The report by the United Nations Development Programme pokes holes on economic recovery in China and the Asia-Pacific region following trade wars. UNDP says the absence of … [Read more...] about China-US Trade Wars Derails Growth of Global Value Chains by 3-5 Years-UNDP
Advanced Scalper Review
In the Foreign Exchange industry, there are various approaches traders use to trade the markets. One of these is the use of Expert Advisors which is a very popular tool amongst traders. Forex traders may use expert advisors for specific reasons such as to prevent emotional trading, lack of proper skillset and lack of enough time to analyze the markets. In this post, we … [Read more...] about Advanced Scalper Review
Bearish Diamond Top Configuration: A Reversal Pattern for Liquid Securities
Reversals are common in the market whenever financial instruments move in one direction for a prolonged period. Double tops and bottoms, head and shoulders, and engulfing candlestick are commonly used configurations to predict potential exhaustion points. However, they are not the only ones. Bearish diamond top It’s a less talked about reversal pattern that occurs … [Read more...] about Bearish Diamond Top Configuration: A Reversal Pattern for Liquid Securities
Canada’s Inflation Surges to 10-Year High on Shelter, Vehicle Prices
Source: Statistics Canada Canada's inflation accelerated to its fastest pace in a decade in May, on the back of base effects and higher shelter and vehicle prices. The Consumer Price Index climbed 3.6% in May from 3.4% in April. This is the fastest in 10 years since May 2011.The CPI climbed 0.5% month-on-month, the same growth recorded in April.Base effects affected price … [Read more...] about Canada’s Inflation Surges to 10-Year High on Shelter, Vehicle Prices
U.S. Housing Records 5.5 Million Unit Deficit
Source: NAR The United States added 5.5 million housing units less in the last two decades than in previous years, according to the National Association of Realtors. American builders added an average 1.225 million new housing units from 2001 to 2020.The figure is 275,000 units lower than the average 1.5 million new units from 1968 to 2000.The deficit is composed of 2 … [Read more...] about U.S. Housing Records 5.5 Million Unit Deficit
