CFD Trading in South Africa 2020 Tutorial and List of ...

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
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OmegaPro became a pioneer in online trading

OmegaPro became a pioneer in online trading
Omega Pro
Founded in early 2019 OmegaPro became a pioneer in online trading. OmegaPro initially specialized in Forex trading. OmegaPro has recently expanded the range of products to indices, shares, commodities, ETFs, and options.
OmegaPro Ecosystem comprises of OMP Banking, Trading, Referrals and Charity.
Managing money is a very big task these days, Omega helps you to do all this with just a click. Mastercards and Visa by Omega makes shopping and using your money easier than ever before.
The OmegaPro ecosystem allows you to manage your online finances with OMP Money, send or receive payouts, use your prepaid card, deposit and withdraw money using a various options.

Omega Pro
OmegaPro also offers a variety of great account options for all our clients. Whatever your trading experience, beginner or expert, our next-generation trading platform can easily be tailored to suit your needs and financial goals. Customized options for spending funds as organized as possible.
With our customer’s trust and our expertise in delivering a first-class trading environment, we continue to expand our reach in the financial sector
We are globally renowned with thousandths of customer bases and clientele spread all over the country. It is an easy and convenient method to spend and manage your funds. We believe in integrity and satisfying our customers is a very big detail we pay attention to. We thrive on changing the trends, increasing business and audience in order to do better than anyone else in the same sector.
A very attractive UI/UX interface makes using the services of Omega fun and even better to use.
OmegaPro partnering with OMP Money gives unique opportunities and services for our clients and makes it easier than ever to use your earnings from your trading and improve your life, wherever you are.
Our flexible partnership program comes with a host of competitive benefits and enables you to introduce your clients to our exceptional trading experience while increasing your revenue at the same time.
Our clients can now create their own bank accounts with OMP Money and gain direct access to their funds at OmegaPro and also connect it to a Mastercard provided by the bank.
Through its referral system. OmegaPro gives you the ability to earn by referring clients to the OmegaPro trading platform. OmegaPro team has developed a partner portal for transparency of your referred clients. “Giving back part of our profits as a company to the communities that have believed in us as a company has been an important keystone for our business since the beginning. Our charity foundations are widely spread throughout Latin America to South East Asia.” says Dilawar Singh, CNO of Omegapro.
“We are excited to see the impressive positive response from the market for OmegaPro Ecosystem“, says Andreas Szakacs CEO of Omegapro. “We plan to take this initiative ahead and provide the best service and value to our customers.” says Andrea Szakacs.
Our OmegaPro family stretches from Latin America in the West to Asia in the East, from Northern Europe to the Southernmost Tip of Africa.
submitted by NewsPressInida to u/NewsPressInida [link] [comments]

OmegaPro

OmegaPro
OmegaPro
Founded in early 2019 OmegaPro became a pioneer in online trading. OmegaPro initially specialized in Forex trading. OmegaPro has recently expanded the range of products to indices, shares, commodities, ETFs, and options.
OmegaPro Ecosystem comprises of OMP Banking, Trading, Referrals and Charity.
Managing money is a very big task these days, Omega helps you to do all this with just a click. Mastercards and Visa by Omega makes shopping and using your money easier than ever before.
The OmegaPro ecosystem allows you to manage your online finances with OMP Money, send or receive payouts, use your prepaid card, deposit and withdraw money using a various options.

OmegaPro
OmegaPro also offers a variety of great account options for all our clients. Whatever your trading experience, beginner or expert, our next-generation trading platform can easily be tailored to suit your needs and financial goals. Customised options for spending funds as organized as possible.
With our customer’s trust and our expertise in delivering a first-class trading environment, we continue to expand our reach in the financial sector
We are globally renowned with thousandths of customer bases and clientele spread all over the country. It is an easy and convenient method to spend and manage your funds. We believe in integrity and satisfying our customers is a very big detail we pay attention to. We thrive on changing the trends, increasing business and audience in order to do better than anyone else in the same sector.
A very attractive UI/UX interface makes using the services of Omega fun and even better to use.
OmegaPro partnering with OMP Money gives unique opportunities and services for our clients and makes it easier than ever to use your earnings from your trading and improve your life, wherever you are.
Our flexible partnership program comes with a host of competitive benefits and enables you to introduce your clients to our exceptional trading experience while increasing your revenue at the same time.
Our clients can now create their own bank accounts with OMP Money and gain direct access to their funds at OmegaPro and also connect it to a Mastercard provided by the bank.
Through its referral system. OmegaPro gives you the ability to earn by referring clients to the OmegaPro trading platform. OmegaPro team has developed a partner portal for transparency of your referred clients.“Giving back part of our profits as a company to the communities that have believed in us as a company has been an important keystone for our business since the beginning. Our charity foundations are widely spread throughout Latin America to South East Asia.” says Dilawar Singh, CNO of Omegapro.
“We are excited to see the impressive positive response from the market for OmegaPro Ecosystem“, says Andreas Szakacs CEO of Omegapro. “We plan to take this initiative ahead and provide the best service and value to our customers.” says Andrea Szakacs.
Our OmegaPro family stretches from Latin America in the West to Asia in the East, from Northern Europe to the Southernmost Tip of Africa.
submitted by NewsPressInida to u/NewsPressInida [link] [comments]

[Econ] Making the Best of a Very Bad Thing

November 2030
Well, uh, this sucks. Just a few short months after the Arab States of the Gulf finally unified, the world economy decided to explode. This is what we in the business of economics call a very bad thing.
The effects across the FAS have been relatively disparate. The United Arab Emirates, easily the most diversified economy in the region, has been the least heavily impacted (though it's still bad). Diversification programs in Oman and Bahrain have also helped to stave off some of the worst impacts of the crisis, though they haven't been as successful in avoiding the effects as the UAE. Qatar and Kuwait, still almost entirely reliant on hydrocarbon exports, are not happy with this turn of events. Falling global oil prices, though propped up a little by a sudden increase in demand from China, have left their economies struggling much more than the rest of the country, and in desperate need of assistance from the better off parts of the country.
One major pain point in this crisis has been the FAS's economic ties to the United States. While most of the FAS's trade is with Asia, Africa, and Europe, the US financial system still plays a crucial role in the FAS. The stability of the US Dollar has long been used to protect the economies of the Gulf using their vast Forex reserves (earned from oil sales) to peg their currency to the US Dollar. With the US Dollar in complete collapse, the value of the Khaleeji is plummeting right along with it, causing a significant degree of harm to the FAS's economy.
To help offset this harm (and to decouple the FAS's economy from a country that the FAS is starting to view as maybe not the most reliable economic partner), the Central Bank in Dubai has announced that the Khaleeji will switch its peg from the US Dollar to a basket of foreign currencies (the Euro, the Pound Sterling, the Swiss Franc, the US Dollar, and the Japanese Yen). The FAS hopes that this will help to salvage the Khaleeji's value, better protecting the economy from the collapse of the dollar-based international financial system. Rumor has it that the Central Bank is discussing the idea of unpegging the Khaleeji entirely and allowing it to float freely, but so far, the Central Bank has made no moves towards floating the Khaleeji.
Crises suck. They shatter the status quo and throw established norms and procedures into chaos. No one really wins during a crisis.
But in another sense, they're a double-edged sword. The status quo is often a repressive entity, reinforcing existing hierarchies and preventing dramatic shifts in the order of things. Chaos breaks that apart, giving the ingenuitive and the entrepreneurial on opportunity to better their lot in ways they otherwise could not.
Put differently: chaos is a ladder, and the FAS intends to be the one climbing it. As the largest economy in the Arab World (and one of the world's 20 largest economies) by both nominal GDP and GDP per capita (by a significant margin--it's probably either Saudi Arabia or Egypt in second place in nominal GDP, and definitely Saudi Arabia in second place in GDP per capita, but the FAS more than doubles the country in second place in both categories, so it's sort of a moot point), the FAS hopes to cement its place as the regional economic power.
The FAS has announced a new slate of policies intended to attract rich investors, manufacturing firms, and financiers fleeing the new nationalization program of the United States. New free trade zones have been created throughout the country--especially in the struggling, undiversified regions of Kuwait and Qatar--with the goal of convincing fleeing American manufacturers to set up shop in these areas. Attractions include wildly low tax rates (as low as zero percent in some instances), a common law framework (as opposed to the Sharia-based legal system in most of the FAS), highly subsidized land prices (sometimes free), relaxed financial restrictions (making it easier to move money in and out of the FTZ), and, for large enough firms moving enough operations into the country, preferential visa treatment (making it easier for them to relocate foreign employees into the country). Sitting at one of the major crossroads of global trade, moving operations to the FAS offers easy access to both the world's established consumer markets (like the EU and East Asia) as well as to some of its largest growing markets (South and Southeast Asia, East Africa, and MENA). Pair this with wildly high standards of living (for people who aren't slaves Asian or African migrant workers) and established expatriate communities, and the FAS becomes an incredibly attractive option for American and other foreign firms looking to relocate.
In addition to manufacturing-oriented FTZs, special attention has been paid to attracting service-oriented firms to new and existing FTZs in the vein of Dubai Internet City, Dubai Design District, Dubai Knowledge Park, and Dubai Media City, with the goal of developing a robust service economy that can capture growing markets in the MENA, South Asia, and East African regions. In advertising these zones, the governments of the FAS have highlighted the success of previous ventures in Dubai, which have attracted the regional headquarters of giants like Facebook, Intel, LinkedIn, Google, Dell, Samsung, Microsoft, IBM, Tata Consultancy, and more.
Perhaps one of the most substantial pushes, though, is to attract American financial services and FinTech firms to base in the FAS (particularly Dubai, Kuwait City, Doha, and Abu Dhabi, the traditional centers of regional finance). New financial industry free trade zones have been set up in the four cities, structured in the vein of the Dubai International Financial Centre (DIFC). These financial FTZs boast an independent and internationally regulated regulatory and judicial system, a common law framework, and extremely low taxation rates. All government services in these regions are available in English (the lingua franca of international finance), and in events where ambiguity exists in the legal and regulatory systems, the systems are set to default to English Common Law (except for the Kuwait City International Financial Centre, which is hoping to better tailor itself towards American financial firms by defaulting to American Civil Law from pre-2020 rather than English Common Law). Much like in the DIFC, these new FTZs will also run their own courts, staffed in large part by top judicial talent from Common Law (or in the case of Kuwait City, American Civil Law) jurisdictions like Singapore, England, and (formerly) Hong Kong. Using these FTZ, the four cities hope to raise their profile as financial centers. Dubai in particular is hoping to break into the top ten global financial centers--and it stands a good chance of doing so, too, as it sits at number 12, just behind cities like LA, SF, and Shenzhen--while the other cities are just hoping to boost their profile into the 20s or 10s (according to Long Finance, Dubai is number 12 in the world and 1 in the region, Abu Dhabi is number 39 in the world and two in the region, Doha is number 48 in the world, and Kuwait City is number 91).
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Benefits and Risks of Trading/Bitcoin trader

Benefits and Risks of Trading/Bitcoin trader

Ought to you jump in and begin using your onerous-mined bitcoins within the markets? Find out the risks and advantages initial.KEY TAKEAWAYS
The market is devoted to trading in the globe's currencies.
https://preview.redd.it/u8gle9a0m4f51.jpg?width=770&format=pjpg&auto=webp&s=9368e9fe9613884fb4fd0c86fb716e50319f2d53
Many brokers currently settle for bitcoin and different cryptocurrencies.
Bitcoin trades benefit from the anonymity and decentralized valuation system the currency represents.
They add a replacement layer of risk trading, exacerbated by the acute volatilityStandard Forex Trade
Before you think about whether to trade using bitcoin, it's helpful to understand how a standaroretrade works.

A forex trade is simply an exchange of 1 currency for an additional at its current rate. Unlike tourists who exchange their home currency for local spending cash, forex traders are trying to form cash off the continual fluctuations in the real value of 1 currency against anothe

Imagine you're an American trader betting that the British pound can lose price compared to the U.S. dollar. This is termed trading on the British pound/U.S. dollar currency pair (GBP/USD).The Impact of Decentralization
The key distinction is that, though forex exchanges would possibly be decentralized, the currencies themselves are backed by central banks in the countries that issue them. It's the duty of those banks to stabilize the value of their currencies and keep them stable
Now think about an example of a forex trade using bitcoin. First, you open a forex trading account with a broker who accepts bitcoins. These embody AvaTrade,one? eToro, and LiteForex.a pair of? You then transfer 2 bitcoins from your digital wallet to the forex broker’s digital wallet.

If you wish to trade using bitcoin, use only a locally regulated forex brokerage. And avoid using leverage till you know what you are doing.
Assuming the present bitcoin to U.S. dollar rate is 1 bitcoin = $seven,500, your deposit of two bitcoins is value $fifteen,00zero. Now, assume that you would like to require an edge in British pounds. If the exchange rate is £zero.five = $one, you may receive £7,500. When it rate changes to 0.45, and you square off your position t.sixty five in your trading account. You have got made a tidy eleven.elevenpercent profit and you're prepared to cash out.




Despite the very fact that your bet on British pounds earned you an eleven.11% profit (from $fifteen,00zero to $16,66six.65), the fluctuation in the bitcoin to U.S. dollar rate suggests that that you sustain a loss of zero.039 bitcoin or about -two.percent. (Initial deposit of 2 bitcoins — 1.961 bitcoins = .039 bitcoin).

However, had the bitcoin to U.S. greenback exchange rate changed to 1 bitcoin = $7,000, you'd realize a benefit from both the forex trade and the bitcoin exchange. You'd have received ($16,66half dozen.65/$7,00zero) = two.381 bitcoins, a profit of nineteen.onepercent.

Increased Unpredictability
This hypothetical example illustrates the large reason to exercise caution when using digital currencies for forex trading. Even the most fashionable and widely used cryptocurrency, the bitcoin, is highly volatile compared to most traditional currencies.

Within the year ending July 24, 20twenty, the value of a bitcoin ranged from $five,532 to $eleven,982
This unpredictability means that that the risks associated with trading forex using bitcoin are that abundant larger
Beyond the exchange rate fluctuations impacting profit and loss, there are other edges and risks to consider before trading forex with bitcoin
Decentralized Vauations: A major advantage of trading forex with the bitcoin is that the bitcoin isn't tied to a central bank. Digital currencies are free from central geopolitical influence and from macroeconomic issues like country-specific inflation or interest rates.
High Leverage: Many forex brokers offer leverage for bitcoin trades. Experienced traders can use this to their profit. However, such high margins ought to also be approached with great caution as they amplify the potential for losses.
Low Deposit Amount: A trader can begin with as little as $twenty five with some bitcoin forex trading firms. A few forex trading companies have even offered promotions sort of a matching deposit quantity. Traders ought to check that the broker is legitimate and appropriately regulated.
Low Cost of Trading: Most forex brokers that settle for cryptocurrency are keeping brokerage costs terribly low to attract new shoppers.
Security: You don’t would like to reveal your bank account or mastercard details to make a bitcoin transaction. This could be a massive advantage in terms of price and monetary security.

No World Boundaries: Bitcoin transactions don't have any international boundaries. A trader primarily based in South Africa can trade forex through a broker based mostly within the United Kingdom. Regulatory challenges could stay a concern, however if both traders and brokers are willing to transact, there aren't any geographical boundaries.
Risks of Trading Forex with Bitcoin
Different Exchange Rates: Bitcoin trades on multiple exchanges and exchange rates vary. Traders must guarantee they understand that bitcoin exchange rates the forex broker can be using.

U.S. Dollar Rate Risk: While receiving bitcoin deposits from clients, almost all brokers instantly sell the bitcoins and hold the quantity in U.S. dollars. Even if a trader will not take a forex trade position immediately when the deposit, he or she remains exposed to the bitcoin-to-U.S. dollar rate risk from deposit to withdrawal.
Danger of Volatility: Historically, bitcoin prices have exhibited high volatility. Within the absence of regulations, volatility will be used by unregulated brokers to their advantage and a trader’s disadvantage. For example, assume the intraday bitcoin rate fluctuates from $five,00zero to $5,300 U.S. greenbacks per bitcoin. For an incoming deposit of two bitcoins, the unregulated broker may apply very cheap rates to credit the trader $10,00zero (2 bitcoins * $five,000 = $10,000). However, once the trader is ready to create a withdrawal, the broker might use rock bottom exchange rate. Instead of the original a pair of bitcoins deposited, the trader receives o
Security Risks Inherent to Bitcoin: Deposited bitcoins are vulnerable to theft by hacking, even from a broker’s digital wallet. To reduce this risk, rummage around for a broker who has insurance protection against theft.


Risk of Leverage: Using leverage is risky for new traders who may not perceive the exposure. This risk is not unique to cryptocurrency forex trading and comes into play in traditional forex transactions still.
Asset Category Mixing: Cryptocurrency may be a different asset class altogether and has its own valuation mechanism. Trading forex with bitcoins primarily introduces a replacement intermediate currency which will impact profit and loss in unexpected ways. Any cash that's not locked down in an exceedingly trader’s base currency is a risk.
Although cryptocurrencies like bitcoin are gaining popularity, there are still several associated risks. In forex trading, dealing in a decentralized currency that provides global transactions with no fees is a bonus. But the tradeoff is actually adding a 3rd currency to what was a trading try
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https://www.cryptoerapro.com/the-bitcoin-trade
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Trading View (Request)

App Name: TradingView - stock charts, Forex & Bitcoin ticker
Description: Stock charts with real-time market quotes & trading ideas. Traders & Investors.
Simple for beginners and effective for technical analysis experts, TradingView has all of the instruments for publication and the viewing of trading ideas. Real-time quotes and charts are available for wherever you are at whatever time.
At TradingView, all data is obtained by professional providers who have direct and extensive access to stock quotes, futures, popular indices, Forex, Bitcoin and CFDs.
You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities.
TradingView is the most active social network for traders and investors. Connect with millions of traders from around the world, learn from the experiences of other investors and discuss trading ideas.
Advanced Charts TradingView has excellent charts that surpass even desktop trading platforms in quality — all for free. No compromises. All of the features, settings and tools of our charts will also be available in our app version. Over 10 types of charts for market analysis from different angles. Starting with an elementary chart line and ending with Renko and Kagi charts, which focus heavily on price fluctuations and barely take time into account as a factor. They can be very useful for determining long-term trends and can help you earn money.
Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more.
Individual watchlists and alerts You can track major global indices, stocks, currency pairs, bonds, futures, mutual funds, commodities and cryptocurrencies all in real-time.
Alerts will help you not to miss the smallest of changes in the market and will allow you to react in time to invest or sell profitably, increasing your overall profit.
Flexible settings help you to track the indices you need and also group them in a way that is convenient for you.
Syncing your accounts All saved changes, notifications, charts, and technical analysis, which you began on the TradingView platform will be automatically accessible from your mobile device through the app.
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submitted by shinigamidoge to moddedandroidapps [link] [comments]

A Short Story that Describes Imaginary Events and People of Worldwide Calamities and the Aftermath (the 2nd Edition)

The following story, all names, characters, and incidents portrayed in this post are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred.
However, the LINKS to real-life events and inspiring sources are placed here and there throughout the story.
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Truth is the Only Light
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INTRO
☞ [As of 2019] there are plenty of reasons to think the Chinese system will implode spectacularly without Japanese feeling the need to do a thing. — Peter Zaihan, Disunited Nations (Mar 03, 2020)
It's apparent that two nations have been engaged in a high-stakes military & economy arms race. The current US admin has been hitting China with waves of tariffs, but that was merely a small part of what's actually going on. [1] [2] [3] [4] [5] [6] [7] [8]
On Oct 11, 2019, when they reached a tentative agreement for the first phase of a trade deal, the fact that China made the concession actually made my jaw drop. From where I sit, it was a worrisome scene. Aren't people saying, when challenging situations are bottled up, they will just grow and mutate into another terrible complications?
Admittedly I was not certain how they are going to adhere to the agreement: It left most of the US tariffs (on China's exports) in place, and at the same time, came with an additional USD $200 Billion burden for China over the next two years. This agreement might seem a bit insignificant, but now China would need to purchase almost twice the size of the US products & services they did before the trade war began.
With their current economic climate? I murmured, "No way."
While watching Trump brag and boast around with said agreement, I expected China would soon come out and fling some improvised excuses in order to delay the document-signing process. It wouldn't be their first time. More importantly, even if China does so, there wouldn't be many (real) counterattack options left for the Trump admin during this year, the US presidential election year.
Then, on Jan 16, 2020, the world’s two largest economies actually signed a partial trade agreement aimed at putting the brakes on an 18-month trade war. China would almost surely not sit down but come back to bite, I thought.
Enter the worldwide chaos following so called the COVID-19 outbreak.
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BACKGROUND
☞ Globalists have been heavily investing in China's economy and its components overseas.
• Here are a couple of well known names: the Great Old One; George Soros; Koos Bekker; and Bill Gates.
• For the sake of convenience, from here on, let's call these globalists, who are foreign investors in China's top tier state-owned/sponsored/controlled enterprises, Team-Z.
• Team-Z has adopted big time lackeys like Henry Kissinger or small time ones like Larry Summers, Stephen Hadley, or Bill Browder as matchmakers to court Team-Z for China's top tier enterprises. When Israel's highest echelons chimed in, it has been through Israeli IT companies and the BRI projects.
• Naturally, multinational investment banks have also been employed; such as Morgan Stanley, Goldman Sachs, Royal Bank of Scotland (RBS), UBS Group AG (formerly Union Bank of Switzerland), Blackstone Group, Canaccord Genuity, BlackRock, Hermitage, or Mirae Asset.
☞ Note: The Great Old One didn't use any matchmakers, something peasants would need. Because the Great Old One's power level is over 9000.
• China's Shanghai clique used to keep the nation's state-sponsored enterprises under their firm grip: Enterprises such as Alibaba Group, Tencent, Baidu, Wanda Group, HNA Group, Anbang Group, Evergrande Group, CEFC Energy and Huawei, all of which Team-Z has massively invested in.
Here is how Shanghai clique and Team-Z, esp. Bill Gates, started to get together: [LINK]
• However, in the name of anti-corruption campaign, Xi Jinping & his Princelings have been taking those businesses away from Shanghai clique's hand, and transforming those state-sponsored private enterprises into the state-owned enterprises, declaring the 國進民退 movement.
• Slaying Shanghai clique's control = [1] [2] [3] [4] [5] [6]
• 國進民退 + Slaying Shanghai clique's control = [A] [B] [C]
• Xi's reign didn't arrive today without challenges though: the BRI projects' poor outcome has frustrated Israel's great expectations. And since the US-China trade war has started, the problems of China's economic systems started to surface, not to mention China's economy has long been decaying.
• Coupled with the US-China trade war, the current US admin has been trying to block Huawei from accessing the international financial systems that the US can influence, as well as the US banking systems. This is a good time to remind you again that Bill Gates has had a very close-knit relationship with Huawei.
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TRADE WAR & INTERNET-BASED COMPANIES
☞ It's the trade war, but why were internet-based companies such as Tencent and Baidu suffering losses?
Answer: The state-sponsored companies like Tencent, Baidu, or Huawei have heavily invested in international trade and commodity markets, which are easily influenced by aspects that IMF interest rates, the US sanctions, or trade war can create.
Example: Let's say, Tencent invests in a Tehran-based ride-hailing company. Then, through said ride-hailing company, Tencent invests in Iran's petroleum industry. Now, China's most valuable IT company is in international petrochemical trade. The business is going to make great strides until the US imposes trade embargoes oand economic sanctions against Iran.
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TL;DR
China's economy going down = Team-Z losing an astronomical amount of money.
★ Wednesday, Sep 26, 2018 ★
"Gentlemen, you guys might want to do something before it's too bloody late, no? His speech last night was .... (sniggers) Mr. Gates, now is as good a time as any. Mr. Soros, hm, don't look at me like that."
".... But,"
"Yes, Mr. Soros, your HNA is going down, too. .... Ah, Schwarzman xiansheng, we're very sorry to learn about Blackstone's Iran & SinopecChina situation. So, we're guessing, you'd be happy to join Mr. Gates's operation, yes? Of course, We already contacted Kissinger xiansheng. .... Okay then, Gentlemen?"
• Now you can take a guess why George Soros has recently been sending out confusing messages regarding Xi Jinping.
• Wait, how about Wuhan Institute of Virology? Doesn't this story concern the COVID-19 outbreak? Is the Wuhan Institute also associated with Shanghai clique? Yes, indeed. Here's How Wuhan Institute of Virology and Shanghai Clique are related: [LINK]
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EIGHT OBJECTIVES
☞ Calling for the tide to be turned, Team-Z and Shanghai clique started to devise the plan. The objectives are:
By shutting down international trade, crashing world economy, and exploiting its aftermath, the plan should produce an outcome letting Team-Z earn back their loss from the trade war & the US sanctions, and collect additional profits from China's BRI projects & stock markets worldwide, including the US stock markets.
Don't forget this: This point number also concerns the developing nations on the BRI with the large deposits of natural resources that Team-Z has invested in through China. If everything comes together nicely, Team-Z will pick up trillions of dollars from those nations alone as if they are light as a feather. Ironically this will reinforce the BRI project governance and mitigate fraud & corruption risks inherent to the international development projects.
By utilizing the aftermath in the US, a new US administration consisted of pro-Beijing personnels should be fostered at the 2020 election. In a worst-case scenario, the aftermath should be abused enough to make Robert Lighthizer to leave the admin. Mr. Mnuchin could stay.
Sometime next year, the phase one trade deal must be reassessed with the new US admin. The reassessment should help China take the upper-hand at the second phase trade talk.
The pandemic crisis should yield a situation which allows China to delay the payments for its state-firm offshore debts. With the point number , this will give China a breathing room to manage its steadily-fallen forex reserves.
Since their current turf (in China) is education industry & medical science industry, Shanghai clique will have no issue with earning hefty profits by managing China's export of medical equipments & health care products which can be supplied worldwide mainly by China. People in the west will bent the knees for the clique's support.
☞ Regarding Jiang Zemin's son and medical science industry in China [LINK]
The outcome should weaken Xi & his Princelings' political power considerably in favour of Shanghai clique & Team-Z. This will let Jiang's Shanghai clique (A) reclaim some of political status & business interest controls they have lost to Xi & his Princelings.
• And once this point number , with the point number , is realized, it would be much easier for the clique to (B) recover their huge assets hidden overseas that the current US admin or Xi & his Princelings have frozen.
Combining good old bribery with sex, the outcome should support China to re-secure control over the US governors. Once the plan is executed successfully, those governors would desperately need solutions to local economic problems and unemployment.
Lastly, implementing an e-ID system in the US similar to Beijing's Alipay and WeChat could be the cherry on top of the operation's entire outcomes. Who's supporting such a system worldwide? None other than Microsoft and Rockefeller Foundation. ಠ_ಠ
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OLD COMRADE BECOMES A NEW RECRUIT
☞ They were afraid more talents were needed. The main target was the world’s largest economy with the most powerful military capability, after all.
They ended up asking Mr. Fridman to see Lord Putin about that. The old Vova was going through a lot nowadays, people said. It could be because his nation's energy business to Europe seems to be hitting wall after wall. He is said to have enough on his plate with no end in sight, so maybe he'll join.
★ Monday, Jan 15, 2018 ★
"(pours a drink for himself) I know, but. ... What would happen if Bashar falls? How long you think you can keep it up? .... Erdogan is many things (sniggers) but he's never gentle. (sips his drink slowly) When Benji's EastMed Pipeline starts to actively compete, then what? They got the China money now. .... Vagit and his buddies will be very unhappy. You know that. Not great, Vova."
"...."
"Ah, you mean what are we going to do? Hm? Hm. I'll tell you what we're going to do. This time, we're going to bankrupt the US shale gas sector. Then, of course, we can maybe convince Benji to take their time with the pipeline. Perhaps for good. (sips his drink slowly) Don't worry, Vova, It'll work. You worry too much. We'll come out the other side stronger."
"So, how long until they set it off?
"Hahaa, yes. They'll soon put all things in place. While marching in place, they'll play the tune a couple of months before the next sochelnik."
"Nearly 20 months to brace things here, then?"
"(nod slowly in happiness) Hm. Оторви́сь там, оттопы́рься, Vova"
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USEFUL IDIOTS
☞ When the directive came, these idiots answered claiming they would be gladly "on it." All in the name of rejuvenating China's economy without grasping the real objective prevailing throughout the entire operation. Thing is, they would never realize what they are to Team-Z & their Asian overlord until it’s too late.
Who are they? It's A and B, not A or B: (A) the American corporations that are too big to fail and have suffered a considerable loss because of the US-China trade war. Among those corporations, (B) the ones that have been structured with massive interest-profit relationships in/with China.
"We need China in order for the US as a nation to continue being prosper," they've been shouting. No surprise there, because they've enjoyed the strides of extraordinary profits over the years while the US middle class has continued to shrink.
But, in 2019 when China's stock markets nosedived for the first time since 2015 and China's authorities in financial stability & resiliency fumbled their response; it wiped that smile off their face. Still, they'll keep behaving not to offend their Asian overlord, nonetheless.
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PERFECT PLAN
☞ Many crucial components had to come into play all at once in order to cause World War I. If one of the components were missing or different, it is unlikely that the World War I as we know of could be produced.
The US in 2019: Overbought bubbles + Over borrowed corporations
The US in 2020: It's an Election Year.
Russia has been dumping US Treasuries for the past few years.
Russia has been hoarding golds as if they were recreating Inca Empire.
China in 2019: Immense & long term financial troubles has started to surface.
China in 2020: The phase-one deal has been signed; leaving most of tariffs on China intact and adding another $200 Billion burden for China.
Team-Z sets up a situation in the US where some event(s) would freeze the US supply chains & demand for the next three to ten months.
• Just like the 9/11, the event will be initiated at the clique's own region. However, unlike in China, the US will report multiple epicentres simultaneously.
• And the CDC and the US medical task force will carry on with a number of sabotage acts, to secure enough time for the infected yet untested in those US epicentres to spread plenty. [1] [2] [3]
• Here's a feasible timeline of the operation.
Then, the BOOM: Team-Z (a) manipulates the markets to make sure MM will have liquidity concerns (b) when they need it most. The (c) bottomed out oil price will be an enforcement, which will also wreck the US energy sector as a kicker. The (d) WHO will also join as a disinformation campaign office.
• Then a couple of big name investment managers will lead a movement that (will try to) bring back foreign money back to China. [1] [2]
• Meanwhile, in US, the disinformation campaign will continue to be pushed until the second wave of attack arrives.
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MEASURABLE SHORT-TERM OUTCOME
☞ We're now going through World War III. The global structure laid down by World War II had been shaken by globalization and the rise of China. This pandemic event will shock the structure further. Human history will be divided into Before 2021 and After 2021.
① Outcome pt. 1: Immediate Aftermath [pt.1] [pt.2]
② Outcome pt. 2: The US economy goes deep dive along with world economy, and the only thing Team-Z has to do is to exploit the aftermath which has been thoroughly calculated and eagerly anticipated. — Favoured assessment: There won't be a V curve ever, unless drastic measures taken within the timeframe of four months. Unprecedented market crash, the rapid unemployment acceleration because of the supply-chain shut down, and the near-death security which in turn forces consumer confidence to plummet. We're looking at a super long L shape curve unless the US prepares fast for the second wave of their asymmetric warfare.
③ Outcome pt. 3: Arguably the most important outcome. — Because of the unprecedented shutdown of international trade, the nations heavily rely on exporting natural resources will face the extreme financial threats. What if some of those are emerging markets AND massively in debt to China? What do you think China would do to said nations while the aftermath is hitting the globe hard? [PDF] Something comparable to Latin American Debt Crisis will happen.
④ Outcome pt. 4: Not that significant compared to the others but still notable outcome. — The world will need Shanghai clique's help to get medical products and equipments.
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WHAT'S NEXT?
☞ Several analysts have discussed off the record that next it'd be a proxy warfare not using armed conflicts but with spreading a galaxy of counterfeit-currency across every possible channels.
Coincidently, on Dec 13, 2017, Business Insider reported in an article "A $100 counterfeit 'supernote' found in South Korea could have been made in North Korea" that:
"It was the first of a new kind of supernote ever found in the world," Lee Ho-Joong, head of KEB Hana Bank's anti-counterfeit centre told Agence France-Presse.
Reporting the same news, The Telegraph published an article on Dec 11, 2017:
"It seems that whoever printed these supernotes has the facilities and high level of technology matching that of a government", said Lee Ho-jung, a bank spokesman from KEB Hana Bank in South Korea. "They are made with special ink that changes colour depending on the angle, patterned paper and Intaglio printing that gives texture to the surface of a note".
ಠ_ಠ
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Tale of How Shanghai clique and Globalists Got Together
Wuhan Institute of Virology, Wuhan City, & Shanghai Clique
Feasible Timeline of the COVID-19 Operation
Immediate Aftermath — pt.1.b
Immediate Aftermath — pt.2.a
Remdesivir, Gilead Sciences, Its Shareholders, & Silly Concern
Cases Displaying the Recent Climate of Chinese Economy
Compliance Report by the US State Department on China regarding Biological Weapons Convention — Click "2019 August Unclassified Compliance Report" and see p45.
Jiang Zemin's son & Medical Science Industry in China
What is Guanxi (關係)?
Israeli IT Companies & China
Opinion article "Cancel All Debt to China"
Fun Trivia about Bush Family and China
--------
submitted by vanillabluesea to conspiracy [link] [comments]

FF News: China 'lies,' says The Wolf of Wall Street, Omar Abdulla??

Bitcoin said to ‘drop,’ with Covid 19 woes, says
“The Wolf of Wall Street,’ Omar Abdulla??
by Faaiza Ismail
(19 February 2020-BBC) “The Wolf of Wall Street,’ Mr. Omar Abdulla is to have addressed members of the investment community this week, stated that
the price of Bitcoin and other Chinese created Crypto Currencies related, are
said to drop with the fundamental data of the Covid 19 virus, the slowdown of
US growth and straddle economic data from The United States.
“The Chinese pandemic has caused major losses to China, and
thus impacting the growth
on The United States. I would sell Bitcoin, Dollar, and perhaps
hold the rand for some strength.’
he retired.
Speaking to Footprints in Wuhan, local Chinese resident, Ms. Ameila Wang says
that Wuhan has been locked down since 23 Jan 2020, and the death toll has
almost reached 2000.
“We are not even counting the dead bodies that have died at home, on the street,
or mis-calculations from the Chinese government.’
The Economic Times reported that we should see some dollar and
Bitcoin weakness
as China has not been to over in over two months, already impacting
the global sector.
“Third world currencies is where we see the investment rise, as first
world countries have
already seen fears rise, and South Africa or even Africa has
reported little or no cases.’
The Omar Abdulla Group which has investments into Bitcoin SA, Forex SA,
Instagram SA
and Facebook SA noted that they will be short-selling major currencies,
buying into
South African currencies and African shares.
“We see opportunities to about April 2020, depending on the
control of the virus.’
The World Health Organization is said to meet with President Donald
Trump and President
Xi Jinping this week to bring the economic crisis to an upbeat.
“China has already spent close to $4 billion dollars on the virus and a further
n estimated $3 billion dollars
wll be needed from The United States and The World Health Organization.’
The death toll has already reached 2000, with more than 70 000
cases reported, and we could see more short selling in the weeks to come,
as China deals with Covid 19, ended a Wuhan resident.
Message 6 of 7 (92 Views) Reply0 footprints Member 📷 Posts: 12

Re: FF News: The Omar Abdulla Group

Options
Saturday
Markets ‘calm down,’ as the world awaits more lies from China, says
“The Wolf of Wall Street,’ Omar Abdulla…??
by Nabila Dockrat
(2 March 2020—ABC NEWS) The Wolf of Wall Street Mr. Omar Abdulla says that
China is reporting low number of cases the past several weeks whilst other
Asian countries are starting to peak with new cases daily from South Korea, Japan
Hong Kong and Singapore.
“Maybe the other Asian countries are the ones to be trusted, instead of lying
China,’ he told ABC NEWS.
Another resident who spoke to Hubei Times looped that China has been injecting
billions of dollars into their economy by stagnating the impact of Covid 19.
“China has been injecting stimulus into their economy to keep the market alive.
We believe that much more people have died at home, and China is keeping the
numbers low so that people can get back to work.’
Addressing members of Washington, President Trump says that the Corona Virus
Is ‘under control,’ and should see smaller numbers as Winter in China progresses.
The Omar Abdulla Group which owns shares in Bitcoin SA, Forex SA, Instagram SA and
Facebook SA added that investors were queuing to invest into GOLD and SILVER as these
Commodities were known as ‘safe havens.’
“Markets have stayed away from the see-saw markets of China and The United States,
and have Gold as the medium of trade.’
In other news, speaking to The Hong Kong Sun, local resident, Ms. Sue Ying cooled that
the rest of Asia should be trusted with their numbers, and not the Chinese.
“The Chinese government want to keep numbers low so that people can get to work,
and not cause billions of other people in Asia to panic.’
Meanwhile, South African shares seem to have progressed during this flu season,
as first world currencies have seen their money moved to third world currencies.
“Markets have moved some of their investment into Africa and South Africa, as very
few cases have been reported in these countries.’
Economist for The Omar Abdulla Group, Ms. Ayesha Noormahomed concluded her remarks
to The Sunday Times that she expects the South African Rand to get stronger within the year,
due to better economic data from South Africa and expects the Covid 19 virus to come to an
end by April 2020.
“We are already seeing low numbers from China, and although the virus is still not yet fully contained, we should see billions in China returning to work in coming days, which could see
the Asian markets rise to market expectations.’
submitted by footprints888 to Bitcoin [link] [comments]

Wall Street Week Ahead for the trading week beginning July 22nd, 2019

Good morning and happy Saturday to all of you here on wallstreetbets. I hope everyone on this subreddit made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning July 22nd, 2019.

Week ahead: Earnings, GDP expected to show sluggish growth as investors await rate cut - (Source)

Sluggish economic and earnings growth will be a theme in markets in the week ahead, as investors await a Fed interest rate cut at the end of the month.
More than a quarter of the S&P 500 companies report earnings in the coming week, the second big week of the second quarter reporting season. FAANG names, like Alphabet and Amazon, and blue chips from McDonald’s to Boeingand United Technologies are among the more than 130 companies reporting.
There is also some key economic data, including Friday’s second quarter GDP, which should show a slowing to 1.8% from the first quarter’s 3.1% pace, according to Refinitiv. On Thursday, durable goods are reported and will include an update on businesses investment. There are also existing home sales Tuesday, new home sales Wednesday and advance economic indicators Thursday.
But there will be no Fed speakers, after a parade of central bank officials in the past week, including Fed Chair Jerome Powell. The most impactful comments, however, came Thursday from New York Fed President John Williams, who set off a debate about how much the Fed could cut rates at its July 30-31 meeting — 25 or 50 basis points.
Even as the New York Fed later said Williams comments were not about current policy, market pros took heed of his words about how central bankers should “act quickly.”
Fed dominates Fed officials do not speak publicly in the days ahead of policy meetings, but market pros will find plenty to debate. Fed funds futures were predicting a 43% chance of a 50 basis point cut in July, after shooting as high as 70% Thursday afternoon.
“For sure, the Fed is going to dominate for next week. I think we’ll get at least a 25 basis point cut. I’m thinking we’re not going to get 50 basis point cut...The Fed has been burned when it’s been bold,” said Tony Roth, chief investment officer at Wilmington Trust.
Roth said he believes the market is already pricing in a quarter-point cut, and he does not see the Fed’s rate cut as much of a longer-term catalyst for stocks. If it trims by a half percentage point, he expects just a short-term pop.
Economists believe the Fed will cut interest rates even though recent data has improved. That’s in part because Powell has stressed the Fed is focused on the global economic slowdown, trade wars and low inflation, and that it will do what it takes to keep the economy expanding.
“The only real catalyst that would really help the market would be if there was a trade deal with China,” Roth said. “I think the likelihood of that is less than > 10%. We’re very pessimistic on the possibility of a real deal with China prior to the [2020 presidential] election.”
So, in the void ahead of the Fed’s meeting, the market will be watching earnings. As earnings rolled out this past week, stocks took a rest from their record-setting streak, as some companies lowered forecasts and most beat earnings and revenue estimates.
As of Friday morning, 77% of the roughly 80 companies reporting had beaten earnings estimates, and 65% topped revenue forecasts, according to Refinitiv. Based on actual reports and forecasts, earnings per share for the S&P companies are expected to be up 1% in the second quarter. That is up from expectations that the profit growth would be slightly negative this quarter.
“If you look at the numbers, we’re above the averages for top and bottom line beats, but at the same time when you look at revisions, every day we’re getting revisions for third and fourth quarter, and they’re coming down.There’s a real worry of an earnings recession, when you get out into the third and fourth quarter and out to next year,” Roth said.
Roth said he’s currently neutral on risk assets, and he sees a slowdown brewing in the smallest U.S. companies that could spread up the food chain.
“We do see those fundamental cracks in the economy in small business and the small business labor market, and on top of that you have these big macro risks out there,” such as trade and the upcoming election, Roth said.
Slower economy As earnings growth was muted in the second quarter, so was the pace of economic gains. If growth comes in as expected, it would be the first quarter where growth was under 2% since the first quarter of 2017. Economists are watching to see how consumer spending fared in the quarter, after a recent pickup and also whether business inventories are declining.
“The data we need is not Q2. What’s at risk is the growth and magnitude of the Fed rate cut. I don’t think Q2 is going to have much impact on the Fed’s thinking,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “It’s really how Q3 is progressing. It seems to me the economy softened in April and May and picked up in June with jobs data, retail sales and manufacturing sector.”
Chandler said investors will also be focused on the European Central Bank, which some economists believe could cut its overnight deposit rate to negative 0.5% from negative 0.4% currently when it meets Thursday. Chandler said odds are about 50% for the rate cut, which many also expect in September.
“While we’re waiting for the Fed to figure out whether it’s 25 or 50 basis points, and we’re waiting for the ECB to get all its forms sorted out ... the emerging markets are pushing ahead,” said Chandler, noting Russia and Turkey could cut rates in the next several days, after similar moves in the past week by South Africa, South Korea and Indonesia.
“It just makes the story more global. You’re seeing the trade numbers from China, Japan, Singapore and South Korea weaken. You’re seeing exports form China suffer. Exports from all of Asia are suffering,” he said. “The big surprise for China and Japan has also been on the import side. The declines in their imports is really someone else’s [drop in] exports.”
Rate cuts and currency wars Dollar strength has been a consequence of the trade war, and Fed action could help turn it around.
“If the Fed fails to move, you’re going to end up with an increasingly stronger dollar,” which impacts corporate earnings, Roth said.
“The dollar is quite strong and is increasingly going to be a headwind for U.S. companies. It hasn’t appreciated that much in 12 months, but if we see a divergence in monetary policy between the U.S. and the rest of the world, you would see a carry trade develop where people would want to buy assets in the U.S.,” he said.
The dollar index was slightly higher on the week, but Wall Street has been focused on President Donald Trump’s negative comments on the currency’s strength. As Trump has criticized the Fed, he also complains that other central banks manipulate their currencies to give them an edge in trade. Trump has said the Fed should already be cutting rates, something it hasn’t done since December 2008.
A number of Wall Street strategists have said they now believe it is possible that the U.S. government could intervene to weaken the dollar, but that would be unlikely.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Sector Performance WTD, MTD, YTD:

(CLICK HERE FOR FRIDAY'S PERFORMANCE!)
(CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
(CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for next month:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)
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Lagging Small-caps: Seasonal and Economic Factors Weigh

Small-caps measured by the performance of the Russell 2000 have been lagging since mid-March with the gap in performance widening in June and continuing into July. At yesterday’s close the Russell 2000 was up 15.35% year-to-date compared to a gain of 19.87% for the Russell 1000. Based upon historical trends this is not unusual for this time of the year nor during times when U.S. economic data is mixed.
In the following chart the one-year seasonal pattern of the Russell 2000/Russell 1000 has been plotted (solid black line with grey fill) along with 2019 year-to-date (blue line). This chart is similar to the chart found on page 110 of the 2019 Stock Trader’s Almanac. When the lines are rising small-caps are outperforming, when the lines are falling small-caps are lagging. Small-caps exhibited typical seasonal strength during the first quarter but have been fading ever since. In some years, small-cap strength can last until mid-June however, that is not the case this year. Going forward, small-cap underperformance is likely to persist until early in the fourth quarter with possible a hint of strength at the end of August.
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Robust Summer Rallies Trim Fall Pullbacks

It’s usually about this time of the year, when trading volumes begin to slump and markets meander that we begin to hear talk of the infamous “Summer Rally” featured on page 74 of the Stock Trader’s Almanac 2019. The “Summer Rally” is usually the weakest seasonal rally of them all.
We looked at the current Summer Rally and found it to be above average already, up 10.2% from the Spring low on May 31, and that does portend well for the Summer and Fall Corrections. We lined up the Summer Rallies ranked from weakest to strongest since 1964. Over the past 55 years prior to this year DJIA has rallied and average of 9.1% from its May/June low until its Q3 high. The Fall Rally averages 10.9% and the Summer and Fall Corrections average a loss of just under 9% for a net average gain of a few percentage points over the summer and fall.
As shown in the table below, when the Summer Rally is greater than or equal to the 55-year 9.1% average, the summer and fall correction tend to be bit milder, -6.2% and -8.2%, respectively. Summer Rally gains beyond 12.5% historically had the smallest summer and fall corrections. One prominent exception being 1987.
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Earnings (and Guidance) Likely to Make or Break the Rally

Once again today, DJIA, S&P 500 and NASDAQ closed at new all-time highs. With today’s modest gains, DJIA is up 17.3% year-to-date. S&P 500 is even better at 20.2% while NASDAQ is still best at 24.5%. Compared to historical average performance in pre-election years at this time of the year, DJIA and S&P 500 are comfortably above average. NASDAQ’s impressive 24.5% gain is just average (since 1971). NASDAQ’s Midyear Rally delivered again, but officially ended last Friday. The seasonal pattern charts, above and below, along with July’s typical performance over the last 21 years suggest further gains during the balance of July and the third quarter could be limited. For the market to make meaningful gains in the near-term earnings will need to decent and forward guidance will also need to be firm.
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"We Don't Need Your Stinking Data"

Yesterday was another one of those days that makes you scratch your head. In a relatively busy day for economic data, Initial Jobless Claims came in within 25K of a 50-year low, and the Philly Fed Manufacturing report saw its largest m/m increase in a decade. That follows other data last week where Retail Sales were very strong and CPI and PPI both came in ahead of consensus forecasts. The trend of better than expected data since the June employment report on July 5th is reflected in recent moves of the Citi Economic Surprise Index which has rallied from -68.3 up to -41.5. Granted, it’s still negative, but what was looking like a real dismal backdrop for the economy just three weeks ago seems to be showing signs of improvement.
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On top of the economic data, two notable interviews from FOMC officials Williams from New York and Vice Chair Clarida moved markets. Given the strong tone of economic data, one would expect both officials to try and tone down rising market expectations regarding any aggressive policy moves at the July meeting. Well, markets don’t always make sense.
In their respective interviews, both Williams and Clarida not only didn’t tone down expectations, but they added fuel to the fire. Williams noted that “it pays to act quickly to lower rates" and "vaccinate” the economy "against further ills." Clarida was even more direct when he said that “Research shows you act preemptively when you can.” In other words, the data-dependent Fed is casting the data aside and ready to move anyway. In his interview on Fox Business, Clarida almost got a chuckle when asked whether there was any chance the Fed wouldn’t cut rates in July.
The dovish turn from the Fed was immediately reflected in market expectations for rate policy at the July meeting. Back in June, market expectations for a 50 basis points (bps) cut at the next meeting peaked out at under 50%. Then, in the days following the June employment report, expectations dropped all the way down to 3%. In the last ten days, though, the trend has completely reversed, and as of yesterday’s close topped out at 71% versus just a 29% chance for a 25 bps cut. Probabilities for a 50 bps cut came in a bit overnight but are still at about 50/50. Yesterday alone, though, expectations for a 25 bps cut and a 50 bps cut more than completely reversed from the prior day, and remember, that’s after what was a good day of economic data! Can you imagine what expectations would be like if the data was actually bad?
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US Beats World When It Comes to Stocks

The Bloomberg World index is a cap-weighted index made up of nearly 5,000 stocks from around the world (including US stocks). While the S&P 500 has been hitting new all-time highs over the last week, the Bloomberg World index remains 7% below highs that it last made back in January 2018.
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Below is a chart showing the ratio of the S&P 500 to the Bloomberg World index since the World index's inception back in August 2003. While the World index outperformed the US for five years in the mid-2000s, the US has been outperforming since the end of 2007, which includes both the Financial Crisis and the bull market that has been in place since the 2009 lows.
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Along with the relative strength chart between the two indices above, below we show the price change of the S&P 500 versus the Bloomberg World index since August 2003. Through today, the S&P was up 203% versus a gain of 142% for the Bloomberg World index.
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Since the November 2016 election, the S&P 500 is up 40% versus a gain of 26% for the Bloomberg World index. Notably, the World index kept up with the S&P through early 2018, but weakness for the World index in mid-2018 and a failure to bounce back as much as the US this year has left the World index well behind.
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Best Performing Stocks Over the Last 12 Months

The S&P 500 is up over 20% YTD, but over the last 12 months, it is up just under 10% on a total return basis. And within the S&P 1500, there are only 44 stocks that are up more than 50% on a total return basis over the last 12 months. These 44 stocks are listed below.
Innovative Industrials (IIPR) -- a cannabis REIT -- has been the best performing stock in the S&P 1500 over the last year with a total return of 302%. In second place is eHealth (EHTH) with a gain of 269%, followed by Avon Products (AVP) at +174.8% and Coca-Cola Bottling (COKE) at +128.58%. Coca-Cola Bottling is probably one of the last names you would have guessed as a top five performer over the last year! Other notables on the list of biggest winners include Advanced Micro (AMD), LendingTree (TREE), Starbucks (SBUX), AutoZone (AZO), Chipotle (CMG), Hershey (HSY), and Procter & Gamble (PG).
Some names that aren't on the list that you may have expected to see? AMZN, NFLX, MSFT? Nope. None of the mega-cap Tech companies are on the list of biggest winners due to serious weakness from this group in Q4 2018.
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2% Days Few and Far Between

Although the last two trading days have seen exceptionally narrow daily ranges, today we wanted to take a quick look at the S&P 500's frequency of 2% daily moves (either up or down) in the post-WWII period. The chart below breaks out the frequency of 2% days by year, and years with more than 25 one-day moves of 2% are notated accordingly.
Overall, there have been an average of 11 daily 2% moves in a given year. After five straight years from 2007 to 2011 where we saw an above-average number of 2% days, the last seven years have only seen one year with an above-average number of occurrences (2018, 21). Remember, in 2017 there wasn't one single trading day that saw the S&P move up or down 2%!
So far this year, there have only been four 2% days, but with the most volatile part of the year on tap, we are likely to see that number increase in the months ahead. Don't expect the relative calm that we have seen in the last few trading days to last forever. Volatility is unpredictable and usually comes up and surprises you when you least expect it!
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STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending July 19th, 2019

([CLICK HERE FOR THE YOUTUBE VIDEO!]())
(VIDEO NOT YET UP!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 07.21.19

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Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $FB
  • $AMZN
  • $TSLA
  • $BA
  • $T
  • $SNAP
  • $PIXY
  • $HAL
  • $TWTR
  • $KO
  • $F
  • $V
  • $LMT
  • $GOOGL
  • $INTC
  • $CAT
  • $PYPL
  • $BIIB
  • $UTX
  • $IRBT
  • $XLNX
  • $UPS
  • $ABBV
  • $CNC
  • $NOK
  • $CMG
  • $MMM
  • $RPM
  • $SBUX
  • $JBLU
  • $BMY
  • $GNC
  • $MCD
  • $CDNS
  • $CADE
  • $NOW
  • $AMTD
  • $HAS
  • $HOG
  • $ANTM
  • $WM
  • $CMCSA
  • $FCX
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
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Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 7.22.19 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 7.22.19 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 7.23.19 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 7.23.19 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 7.24.19 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Wednesday 7.24.19 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 7.25.19 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 7.25.19 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
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Friday 7.26.19 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 7.26.19 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Amazon.com, Inc. $1,964.52

Amazon.com, Inc. (AMZN) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, July 25, 2019. The consensus earnings estimate is $5.29 per share on revenue of $62.51 billion and the Earnings Whisper ® number is $5.70 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.34% with revenue increasing by 18.20%. Short interest has increased by 14.0% since the company's last earnings release while the stock has drifted higher by 1.8% from its open following the earnings release to be 13.0% above its 200 day moving average of $1,737.93. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, July 11, 2019 there was some notable buying of 3,494 contracts of the $2,000.00 call expiring on Friday, August 16, 2019. Option traders are pricing in a 4.4% move on earnings and the stock has averaged a 4.0% move in recent quarters.

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Facebook Inc. $198.36

Facebook Inc. (FB) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, July 24, 2019. The consensus earnings estimate is $1.90 per share on revenue of $16.45 billion and the Earnings Whisper ® number is $2.01 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 9.20% with revenue increasing by 24.33%. Short interest has increased by 21.7% since the company's last earnings release while the stock has drifted higher by 0.7% from its open following the earnings release to be 20.8% above its 200 day moving average of $164.17. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, July 17, 2019 there was some notable buying of 16,697 contracts of the $290.00 call expiring on Friday, September 20, 2019. Option traders are pricing in a 6.5% move on earnings and the stock has averaged a 8.6% move in recent quarters.

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Tesla, Inc. $258.18

Tesla, Inc. (TSLA) is confirmed to report earnings at approximately 5:15 PM ET on Wednesday, July 24, 2019. The consensus estimate is for a loss of $0.52 per share on revenue of $6.38 billion and the Earnings Whisper ® number is ($0.44) per share. Investor sentiment going into the company's earnings release has 33% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 84.80% with revenue increasing by 59.41%. Short interest has increased by 26.5% since the company's last earnings release while the stock has drifted higher by 1.2% from its open following the earnings release to be 8.1% below its 200 day moving average of $280.96. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, July 16, 2019 there was some notable buying of 30,445 contracts of the $50.00 put expiring on Friday, August 16, 2019. Option traders are pricing in a 7.8% move on earnings and the stock has averaged a 7.4% move in recent quarters.

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Boeing Co. $377.36

Boeing Co. (BA) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, July 24, 2019. The consensus earnings estimate is $1.89 per share on revenue of $20.27 billion and the Earnings Whisper ® number is $1.91 per share. Investor sentiment going into the company's earnings release has 17% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 43.24% with revenue decreasing by 16.44%. Short interest has increased by 11.2% since the company's last earnings release while the stock has drifted lower by 0.1% from its open following the earnings release to be 4.0% above its 200 day moving average of $362.82. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, July 8, 2019 there was some notable buying of 6,176 contracts of the $325.00 put expiring on Friday, August 16, 2019. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 3.0% move in recent quarters.

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AT&T Corp. $32.79

AT&T Corp. (T) is confirmed to report earnings at approximately 6:50 AM ET on Wednesday, July 24, 2019. The consensus earnings estimate is $0.89 per share on revenue of $45.02 billion and the Earnings Whisper ® number is $0.90 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.20% with revenue increasing by 15.48%. Short interest has increased by 16.4% since the company's last earnings release while the stock has drifted higher by 5.5% from its open following the earnings release to be 4.5% above its 200 day moving average of $31.37. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, July 8, 2019 there was some notable buying of 144,398 contracts of the $28.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 4.1% move on earnings and the stock has averaged a 4.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Snap Inc. $14.02

Snap Inc. (SNAP) is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, July 23, 2019. The consensus estimate is for a loss of $0.10 per share on revenue of $358.48 million and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat The company's guidance was for revenue of $335.00 million to $360.00 million. Consensus estimates are for year-over-year earnings growth of 9.09% with revenue increasing by 36.69%. Short interest has decreased by 3.8% since the company's last earnings release while the stock has drifted higher by 13.5% from its open following the earnings release to be 36.9% above its 200 day moving average of $10.24. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, July 5, 2019 there was some notable buying of 7,449 contracts of the $19.00 call expiring on Friday, July 26, 2019. Option traders are pricing in a 13.7% move on earnings and the stock has averaged a 19.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

ShiftPixy, Inc. $0.63

ShiftPixy, Inc. (PIXY) is confirmed to report earnings at approximately 8:00 AM ET on Monday, July 22, 2019. The consensus estimate is for a loss of $0.08 per share on revenue of $14.39 million. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 33.33% with revenue increasing by 53.48%. Short interest has decreased by 8.2% since the company's last earnings release while the stock has drifted lower by 50.9% from its open following the earnings release to be 63.8% below its 200 day moving average of $1.74. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 16.9% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)

Halliburton Company $21.75

Halliburton Company (HAL) is confirmed to report earnings at approximately 6:45 AM ET on Monday, July 22, 2019. The consensus earnings estimate is $0.30 per share on revenue of $5.97 billion and the Earnings Whisper ® number is $0.29 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 48.28% with revenue decreasing by 2.88%. Short interest has increased by 39.2% since the company's last earnings release while the stock has drifted lower by 31.6% from its open following the earnings release to be 25.7% below its 200 day moving average of $29.27. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, July 16, 2019 there was some notable buying of 9,264 contracts of the $20.00 put expiring on Friday, August 16, 2019. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 3.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Twitter, Inc. $36.77

Twitter, Inc. (TWTR) is confirmed to report earnings at approximately 7:00 AM ET on Friday, July 26, 2019. The consensus earnings estimate is $0.19 per share on revenue of $828.49 million and the Earnings Whisper ® number is $0.24 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for revenue of $770.00 million to $830.00 million. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 16.60%. Short interest has increased by 9.0% since the company's last earnings release while the stock has drifted lower by 0.4% from its open following the earnings release to be 10.1% above its 200 day moving average of $33.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, July 15, 2019 there was some notable buying of 7,151 contracts of the $60.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 12.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Visa Inc $179.24

Visa Inc (V) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, July 23, 2019. The consensus earnings estimate is $1.33 per share on revenue of $5.70 billion and the Earnings Whisper ® number is $1.37 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 10.83% with revenue increasing by 8.78%. Short interest has decreased by 6.9% since the company's last earnings release while the stock has drifted higher by 11.7% from its open following the earnings release to be 19.5% above its 200 day moving average of $150.03. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, July 16, 2019 there was some notable buying of 4,839 contracts of the $165.00 put expiring on Friday, August 16, 2019. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 2.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week ahead?
I hope you all have a fantastic weekend and a great trading week ahead wallstreetbets!
submitted by bigbear0083 to wallstreetbets [link] [comments]

Some news you may have missed out on part 134.

-Rupee continues to recover, gains Rs4.16 in four months
The Pakistani rupee has maintained a gradual uptrend against the US dollar since the beginning of current fiscal year in July and is anticipated to gain more ground in the remaining eight months amid expectations of increase in foreign currency inflows.
The rupee gradually strengthened Rs4.16 or 2.60% in the past around four months to Rs155.88 to the US dollar in the inter-bank market on Friday, according to the State Bank of Pakistan (SBP). “The rupee may recover to 145 to the greenback by June 30, 2020,” Forex Association of Pakistan (FAP) President Malik Bostan projected while talking to The Express Tribune.
Further: -In a positive development, Pakistani Rupee hits highest level of four months against US dollar
The Pakistani rupee has shown recovery against the US dollar as the US currency reached the lowest level in four months.
-ExxonMobil to help build LNG terminal in Pakistan
After getting a liquefied natural gas (LNG) supply contract from private-sector consumers, US energy giant ExxonMobil is planning to build the third LNG terminal in Karachi as a joint-venture partner.
Some time ago, ExxonMobil, in collaboration with Pakistan’s exploration and production companies, drilled an offshore well to search for hydrocarbon reserves in the Arabian Sea. However, the effort could not prove successful. Now, in a new venture with Energas consortium, the US firm is going to invest in setting up an LNG terminal in Pakistan.
-Pakistan's Hindu community celebrates Diwali today in a renovated temple reopened by the Pakistan government after 72 years
he country’s Hindu community is celebrating the annual religious festival of Diwali. The religious festivities are expected to take place in Shawala Teja Singh Temple, located in Sialkot, after 72 years.
All preparations for the upcoming festival have been completed. The festival of Diwali is being seen as more of a cultural than a religious one as people from other faiths will celebrate alongside members of the Hindu community.
The temple, where the festivities will take place, was closed down in 1947. The Evacuee Trust Property Board (ETPB) and certain members of the Hindu community decided to open the temple a few months ago, after which the renewal and renovation work had begun. Now, for the first time, this temple is going to celebrate a religious ceremony.
-Tax Returns Filed Per Day in 2019 Have Increased by 127 Percent: FBR Chairman
Federal Board of Revenue’s (FBR) Chairman Syed Shabbar Zaidi has announced that on average, tax returns filed per day in 2019 have risen by 127 percent compared to last year. In a Twitter post, Zaidi shared details of the tax returns filed so far. As per the records, the number of tax returns filed in 2019 till October 25 stands at 918,027, as compared to 585,209 tax returns filed in the same period last year.
Zaidi said that as of November, the FBR will impose strict measures against unauthorized interactions and harassement between its staff and the business community. The business community is suggested to report to FBR if any person contacts them through any manner without proper authorization.
-Pakistan, Nepal agree to enhance trade ties
President Dr. Arif Alvi on Saturday held a meeting with the Nepal’s Prime Minister Khadga Prasad Sharma Oli on the sidelines of 18th Non Aligned Movement Summit in Baku, ARY News reported.
According to a statement issued by the ministry, both the leaders affirmed to enhance trade ties between the two countries and expressed their desire to further strengthen the bonds of friendship. Matters of mutual interest, bilateral relations, regional peace, grave human rights violations and humanitarian crisis in occupied Kashmir and other issues were came under discussion in the meeting.
Speaking on the occasion, President Alvi briefed the Nepalese prime minister on Indian illegal actions in occupied Kashmir. He expressed hope that Nepal will play its role as SAARC chair, for strengthening peace and stability in the region.
-CPEC enters into 2nd phase: Poverty, agriculture, B2B initiatives prime focus: Khusro
Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Wednesday said the CPEC has now entered into its second phase with focus on poverty alleviation, agriculture and B2B industrial cooperation.
“The Pakistan Tehreek-e-Insaf (PTI) government's economic reform measures will strengthen the country's economy as the investors' confidence is rebounding due to corrective measures," the minister expressed these views while talking to Australian High Commissioner Dr Geoffrey Shaw who called on him on Wednesday. Secretary Planning Zafar Hasan was also present in the meeting.
While discussing bilateral relations and foreign investment in various sectors in Pakistan especially in Gwadar, the minister said that ongoing phase of CPEC will bring about socioeconomic benefits for the welfare of the people. He said that CPEC offers enormous potential to boost national economy and reduce poverty.
-Pakistan's Defence Exports have reached USD 212.6 MILLION IN 2018-2019
According to the Pakistan Ministry of Defence Production’s (MoDP) “First Year Performance Report,” the country had registered $212.6 million US in defence exports from August 2018 to August 2019.
Pakistan Aeronautical Complex (PAC) booked the highest value at $184.38 million US, which was followed by Pakistan Ordnance Factories (POF) at $7.13 million US and Heavy Industries Taxila (HIT) at $1.3 million US. In addition, private sector firms booked $19.36 million US in sales.
No additional breakdowns were provided by the MoDP. It is likely that PAC’s exports were fueled by co-production work for FC-1/JF-17 sales to Myanmar and/or Nigeria. Though an agreement was signed with Turkey for the sale of 52 Super Mushshak basic trainers, it is unclear if PAC has started manufacturing these aircraft.
-DRAP to launch countrywide drive against substandard, spurious medicines
The Drug Regulatory Authority of Pakistan (DRAP) is launching a countrywide campaign against substandard medicines, the PM’s Special Assistant on Health Dr. Zafar Mirza said while addressing the federal and provincial drug inspectors in Islamabad on Thursday.
He said a crackdown is being launched throughout the country to eradicate the menace of unregistered, spurious and sub-standard medicine. In addition to medicine quality, he added, DRAP will also take stern action against violation of fixed prices of medicines.
-Foreign exchange: SBP reserves increase $79m to $7.89b
The foreign exchange reserves held by the central bank increased 1.14% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from the United Arab Emirates (UAE), Saudi Arabia and other friendly nations helped shore up the foreign exchange reserves.
On October 18, the foreign currency reserves held by the SBP were recorded at $7,892.7 million, up $79 million compared with $7,813.7 million in the previous week. The report cited no reason for the increase in reserves, which stood below the $8-billion mark.
-Ease of business: Pakistan up 28 places on World Bank index
Pakistan has jumped up 28 places on the World Bank’s (WB) Ease of Doing Business Index and secured a place among the top 10 countries with the most improved business climate – a development that will greatly improve Islamabad’s image abroad,
Pakistan carried out six reforms that helped improving its ranking from 136 to 108, according to the WB’s annual flagship report, ‘Ease of Doing Business 2020’, released on Thursday. It turned out to be the sixth global reformer and first in South Asia that brought ease in doing business in the last one year.
The fewer are the regulations the better is the ranking on the index. The key to attain perfection is to cut the bureaucracy hindering business activities in the name of various regulations and procedures.
-CM approves Rs 500m for Punjab Housing & Town Planning Agency
Punjab Chief Minister Sardar Usman Buzdar has given approval of Rs 500 million for Punjab Housing & Town Planning Agency. He gave approval while presiding over a high-level meeting at CM Office here on Monday. During the meeting progress on Naya Pakistan Housing Project for low-income persons was reviewed and detailed briefing was also given to the participants on Naya Pakistan Housing strategy.
While addressing the meeting, Usman Buzdar said that obstacles should be removed in order to ensure completion of Naya Pakistan Housing Scheme and financial conditions of common man should be kept in mind while chalking out housing policy of the project. All out attention should be paid while constructing small houses in the province, he added. It has also been decided during the meeting to launch rural housing project in 17 model villages.
-KSE 100 gains 204 points amid improved sentiments
The benchmark KSE 100 Index depicted remarkable progress as it gained around 204 points and concluded at 33,861-level.It was a busy start to the week at the Pakistan Stock Exchange (PSX) with earnings season hitting its peak, while volumes remained at par with previous weeks’ average.
Biggest single day investment in treasury bills in the previous week of estimated US $87.5 million, increasing total investment to US$440 million since July 2019 was the major rally point in the market sentiments.
The bourse recorded an intraday low of 33,572.36 soon after the commencement of the session. However, after regaining the momentum, the index marked its day’s high at 34,008.35 adding 350.89 points. It settled higher by 204.13 points at 33,861.59. The KMI 30 Index accumulated 386.53 points to settle at 55,155.92, while the KSE All Share Index managed to gain 86.13 points, ending at 24,543.78.
-Sindh to reserve 0.5% job quota for transgender persons
The Sindh Cabinet on Wednesday agreed to reserve 0.5 per cent quota in government jobs for transgender persons. “I want to bring transgender people into the mainstream,” said Sindh Chief Minister Syed Murad Ali Shah during the cabinet meeting. “We want to make them an asset for our society.”
CM Murad congratulated the transgender community on behalf of the cabinet and advised them to improve their education. Around 41,000 positions are vacant in different government departments across Sindh out of which 206 will be given to transgender people.
A spokesperson from the chief minister’s house stated that out of the 41,000 available jobs 16,000 positions will be filled this fiscal year. Rest of the positions will be filled in the period of next three years.
-Malaysia's Mahathir stands by Kashmir comments despite India palm oil boycott
Malaysian Prime Minister Mahathir Mohamad said on Tuesday he would not retract his criticism of New Delhi’s actions in occupied Kashmir despite Indian traders calling for an unprecedented boycott of Malaysian palm oil.
The impasse could exacerbate what Mahathir described as a trade war between the world’s second biggest producer and exporter of the commodity and its biggest buyer so far this year.
India’s top vegetable oil trade body on Monday asked its members to stop buying Malaysian palm oil after Mahathir said at the United Nations General Assembly last month that India had “invaded and occupied” Kashmir.
-“World’s two major companies setting up solar panel plants in Pakistan”
Federal Minister for Science and Technology Fawad Chaudhry announced on Monday that the world’s two major solar panel firms will establish their plants in Pakistan. The minister tweeted saying “good news gets lost in political plays, yet I am very happy that the world’s two major companies are setting up solar panel’s plants in Pakistan.”
Chaudhry added that China’s second-largest Lithium battery producer will also set up its workshop in Pakistan. The Lithium battery-powered buses will also be manufactured in Pakistan, the tweet further said. The Minister for Science and Technology was recently on a visit to Beijing where he met various Chinese officials and the country’s business leaders.
-Pakistan Navy organizes free medical camp in Balochistan
Navy organized a free medical camp in the village Dam of Balochistan in collaboration with Sahil and Ulfat welfare foundations. According to the spokesperson of Pakistan Navy, specialist doctors of surgical, medical, skin, gynecology, child and general medically inspected patients at the camp. Over 700 patients were provided with free medical treatment, medicines and ordinary surgical facilities.
-Lahore to get Tram service soon
Citizens of Lahore are getting a modern-day tram service soon, based on the famous British-era tram service. In this regard, the Punjab Transport Department has inked an agreement with CRSC International, a Chinese company specializing in rail transportation control systems, and Inkon Group of the Czech Republic.
The development of the project is divided into several phases. In the first phase, a 35 km track will be constructed on Canal Road, Lahore. Up to 50 trams will run on this track. Once operational, the trams will be able to carry 35,000 passengers in 1 hour. The trams will be powered through electricity and batteries. A single tram will have a service life of around 40 years. 2 tram depots will be constructed at different locations as well.
-10 Pakistani Universities Ranked Among the World’s Best in ‘University Impact Rankings 2019’
Ten Pakistani universities have been ranked among the top universities in the world in the Times Higher Education (THE)’s list. THE is a weekly UK-based magazine that issues its annual list of world’s most influential universities.
The list called ‘University Impact Rankings 2019’ has included 10 Pakistani varsities in different categories, including Gender Equality, Good Health and Well-being, Quality Education, Decent Work, Economic Growth, and others. According to the magazine, the rankings assess universities against the United Nations’ Sustainable Development Goals.
-PM Imran Khan inaugurates China-Hub Power Generation Plant in Balochistan
Prime Minister (PM) Imran Khan has said that Pakistan is moving forward through China-Pakistan Economic Corridor (CPEC) projects. Addressing inaugural ceremony of China Hub Power Generation Plant in Balochistan, he said this is the first joint project under the CPEC umbrella and he is very happy after inaugurating it.
“The government will facilitate joint collaboration between Pakistani and Chinese businesses in various sectors.”, he said. PM Imran Khan said with the help of coal reserves in Thar, Pakistan can generate huge amount of electricity, which can be enough for at least 100 years.
-Punjab Forest Department develops ‘record keeping’ mechanism
Department of Forest Punjab is managing 1.6 million acres of forest land area – 67 per cent of the entire forest land area in Punjab – under the Geographic Information System (GIS), Pakistan Today learnt reliably on Friday. The program enabled the forests department to ensure sound management and introduce state of the art record-keeping and mapping methods.
‘Development of GIS-Based Forest Management Information System in Punjab’ was approved at PC-1 with a cost of Rs75 million and a gestation period of 36 months (2016-2019) has allowed for transfer of all forest resources and inventories into IT-based inventory systems and achieved extensive field surveys, rapid data collection and its processing for development of the forestry sector on efficient lines.
-Hutchison Port Holdings announces $240m investment in Pakistan
Prime Minister Imran Khan has welcomed $240 million foreign investment from Hutchison Port Holdings, a Hong Kong-based port operator. A delegation of Hutchison Port Holdings, led by its Group Managing Director Eric Ip, called on Prime Minister Imran Khan on Tuesday. Other delegation members included HPH Middle East & Africa Managing Director Andy Tsoi and Middle East & Africa Business Director Eric Ng.
Maritime Affairs Minister Syed Ali Haider Zaidi, Adviser to PM on Commerce Abdul Razzaq Dawood, Special Assistant to PM on Overseas Pakistanis Syed Zulfiqar Abbas Bukhari, Ambassador-at-Large for Foreign Investment Ali Jehangir Siddiqui and Board of Investment Chairman Zubair Haider Gilani were also present on the occasion. Group Managing Director Eric Ip apprised the prime minister of Hutchison’s fresh investment into Pakistan approximating $240 million which will enhance the new container terminal capacity at the Karachi Port, and increase Hutchison Ports’ total investment in Pakistan to $1 billion.
-Punjab's tax collection jumps 44%
Punjab’s tax collection registered a 44% growth to Rs77 billion in first quarter of the ongoing fiscal year compared to the corresponding period of previous year, despite tough conditions of the federal government for the provinces to get a share in the federal divisible pool of resources. Punjab Finance Minister Makhdoom Hashim Jawan Bakht disclosed this at a review meeting of the Finance Department on Monday.
The meeting was briefed that despite the financial backlog left by the previous government, the current government gave a surplus budget of Rs233 billion in order to meet financial requirements of the federal government to comply with conditions of the International Monetary Fund (IMF) loan programme.
-‘SECP recognised as 7th most effective regulator in world’
The Securities and Exchange Commission of Pakistan (SECP) has been recognised as the “7th most effective regulator” by the World Economic Forum in its ‘Global Competitiveness Report-2019’.
“Pakistan was ranked as the 52nd most dynamic economy in the world. The country secured this by improving 15 points from last year, as it stood at 67th in 2018,” said a statement issued by Mishal Pakistan, Country Partner at WEF’s Institute of the Future of Economic Progress System Initiative, on Wednesday. “The progress of Pakistan’s competitiveness was due to the achievements made during the last 12 months.”
The most effective improvements were made due to the initiative and strategies adopted by the apex regulator for the corporate sector and the capital markets; supervision and regulation of insurance, non-banking financial companies and private pension schemes. The SECP improved Pakistan’s competitiveness rankings by improving the “number of days to start a business”, where Pakistan was ranked at the 90th position compared with 96th in 2018.
-Pakistan China bilateral trade crosses $19 billion, highest ever in history
Pakistan Ambassador to China , Naghmana Hashmi has said the bilateral trade volume between Pakistan and China has now touched US $ 19.08 billion and both countries aimed to raise it further.
“The bilateral trade volume between Pakistan and China has now touched US$ 19.08. We aim to raise it further,” Ambassador Hashmi said joint ventures in defence production have led to the manufacture of the MBT 2000 Al-Khalid Tank and JF-17 Thunder, a fighter aircraft. “On the diplomatic front, the two countries are committed to protecting and promoting multilateralism and upholding the United Nations (UN)Charter, while our cooperation has extended to science and technology, socioeconomic sectors and nuclear cooperation for peaceful purposes,” she added.
-Foreign Company Agrees to Drop $6 Billion Penalty, Re-Invest in Reko Diq: Reports
The International Center of Settlement of Investment Disputes (ICSID) had slapped the country with a $6 billion penalty for revoking the contract without prior knowledge back in 2009. Soon after the development, the Prime Minister had empowered his financial team to contact the executives of the Tethyan Copper Company (TCC) to reach an out-of-court settlement and avoid the penalty.
Reportedly, after the Pakistan authority’s approach, the company has not only agreed to take back the penalty but has also agreed to invest in the project again. As per media reports, PM Imran Khan contacted the TCC management and discussed the prospects of the matter. He assured the company his full support if they wanted to revise the investment plan for the project. The company will reportedly withdraw its appeal from the ICSID, while Pakistan will compensate for their damages due to the cancelation of the contract.
-Current account deficit shrinks massive 64pc
The country’s current account deficit (cad) in the first quarter of current fiscal year declined by a huge 64 per cent mainly on the back of a 21pc reduction in the imports bill.
The State Bank’s latest data issued on Friday showed the current account deficit for July-September FY20 clocked in at $1.548 billion compared to $4.287bn in the same period last fiscal year; a decline of $2.739bn.
The reduced current account deficit is a positive omen for the government, which is struggling with slow economic growth and high inflation. However, despite massive decline in rupee’s value, the country’s exports have failed to register any noticeable increase during the period.
-Food imports down 24pc, exports up 14pc in Q1 FY20
Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas exports increased by 13.98pc compared with the corresponding period of last year.
The import of food commodities into the country during the period under review came down from $1.45 billion to $1 billion, whereas the exports increased from $864 million to $984.7 million, according to latest data released by the Pakistan Bureau of Statistics (PBS).
-Chinese Smartphone Company Realme to build mobile phone manufacturing factory in Pakistan
Chinese company Realme's Director of Marketing in Pakistan Mr He Shunzi in an interview disclosed that Realme is planning to set up the mobile phone manufacturing factory in Pakistan. He told that company is inspecting locations in Islamabad, Peshawar, and Faisalabad Industrial Estate for suitable land. Pakistani mobile market offers guaranteed capital as Realme ranked top five android brands in Pakistan in less than nine months, capturing 8% of total market share, he added.
-Chinese Coal Giant Wants to Convert Thar’s Coal to Diesel
China’s Shenhua Ningxia Coal Industry Group will help convert Thar’s coal into oil and the talks between the two parties are underway. The Shenhua Ningxia Coal Industry Group is a subsidiary of China’s biggest coal producer, the Shenhua Group and the company already has the world’s largest plant for converting coal into diesel, with an annual production capacity of 4 million tons in Ningxia in its portfolio.
The agreement, if signed, will be a ‘game-changer’ for Pakistan, believes Adviser to Prime Minister on Petroleum Nadeem Babar, who accompanied Imran Khan on his recent visit to China. The Pakistani delegation held talks with the Shenhua Group during the trip:
-In a positive development, Pakistan projected among top 20 rising economic growth engines of the World
Pakistan projected among 20 top rising economic growth engines of the World that would dominate the global growth in next 5 years. Pakistan has been projected as one of 20 countries that will dominate global growth in five years time in 2024, an assessment made by Bloomberg using data from the International Monetary Fund (IMF).
-In a positive development, Pakistan textile exports register increase
Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the corresponding period of the last fiscal year. The textile exports during the period under review were recorded at $3,371.974 million as against the exports of $3,275.303 million during July-September 2018-19, according to latest data by the Pakistan Bureau of Statistics (PBS).
The textile commodities that contributed to the positive growth included raw cotton, exports of which grew by 53.65pc, from $7.047 million to $10.828 million. Similarly, the exports of yarn (other than cotton yarn) increased by 21.95pc, from $7.759 million last year to $9.462 million, while that of knitwear surged by 11.14pc, from $701.393 million to $779.548 million.
-Kartarpur Corridor will open to public on November 9: PM Imran
Prime Minister Imran Khan on Sunday announced that Pakistan will inaugurate the Kartarpur Corridor on November 9. The premier’s announcement came via a Facebook post in which he said that construction work on the Pakistani side had entered the final stage. “Pakistan is all set to open its doors for Sikhs from all across the globe,” he wrote. “World’s largest Gurdwara will be visited by Sikhs from across India and other parts of the world,” he said.
-'$1.2b penalty in Karkey case likely to be waived'
Pakistan Tehreek-e-Insaf (PTI) leader and senior lawyer Babar Awan has said that the $1.2 billion penalty that Pakistan has to pay to Turkey’s Karkey rental power plant is likely to be waived.
“International institutions, through high-level backdoor contacts, have agreed to waive off the penalty. This is very good news for Pakistan,” said Awan while addressing the media on Friday. “International institutions have shown their trust in Prime Minister Imran Khan,” he added.
-Punjab Govt to Introduce a Unified Tax Collection System
Punjab government is contemplating the introduction of a unified tax collection system in the province. The unified system will streamline the tax collection process and facilitate the taxpayers. At the moment, Punjab Revenue Department, Excise and Taxation Department, and local administrations collect taxes in Punjab. On Sunday, Finance Minister of Punjab, Makhdoom Hashim Jawan Bakht, headed a meeting of Punjab Revenue Authority (PRA). Bakht said that a special tax management unit will be set up at the Punjab finance department that will unify tax collection all across the country.
-PM To Launch Clean Green Pakistan Index for Multiple Cities
Prime Minister’s Adviser on Climate Change, Malik Amin Aslam, said that Imran Khan will launch the Clean Green Pakistan Index (CGPI) at a grand launching ceremony on October 30. The initiative is aimed at introducing competition among cities on various indicators, including public access to clean drinking water, safe sanitation, effective solid waste management, and tree plantation.
The prime minister will announce a six-month competition among 19 cities of Punjab and Khyber-Pakhtunkhwa provinces, he added. The adviser said that after six months, these cities will be ranked again and those with prominent progress will be rewarded with special federal and provincial government funds and more cities will be joining the competition.
-PM Khan Will Lay The Foundation of Baba Guru Nanak University on Oct. 28
Prime Minister Imran Khan is going to lay the foundation stone of Baba Guru Nanak University on October 28. The establishment of this university in Nankana Sahib was announced earlier this year when PM Khan was in the town for a Spring Tree Plantation Campaign.
-Sindh govt invites bids for Dhabeji SEZ
The Sindh government has launched the well-connected Dhabeji Special Economic Zone in district Thatta near Port Qasim, according to a statement issued on Monday. In this connection, the Sindh Economic Zones Management Company (SEZMC), being the provincial SEZ custodian, has invited proposals for the development and operation of Dhabeji project through an advertisement published in leading national and international newspapers.
Dhabeji SEZ was highlighted in the recent meeting of the China-Pakistan Economic Corridor (CPEC) Joint Working Group on Industrial Cooperation. The senior officials of China’s National Development Reforms Commission (NDRC) appreciated the Sindh government on the progress made so far. The Sindh government launched the project through an international competitive bidding process as a build-up to the upcoming 10th Joint Coordination Committee (JCC) meeting between China and Pakistan, which would be held next month.
-Rice exports surge 51pc in first quarter FY20
Rice exports from the country during the first quarter of the financial year 2019-20 grew by 50.76pc as compared to the corresponding period last year. During the July-September period, about 839,356 metric tonnes of rice, worth $470.584 million, were exported as compared the exports of 551.5,86 metric tonnes, valuing $312.147 million, during the same period of FY19.
According to data released by the Pakistan Bureau of Statistics, the exports of basmati rice increased by 47.29pc, as 212,873 metric tonnes of basmati rice ($194.669 million) were exported during the first quarter of FY20, as compared the 127,669 metric tonnes ($132.166 million) in the same period of last year. Meanwhile, 34,090 metric tonnes of fish and fish preparations worth $79.549 million were also exported in the period under review as compared to the exports of 25,859 metric tonnes valuing $67.294 million during the same period of last year.
submitted by FashBasher1 to pakistan [link] [comments]

Is Karatbit and Karatbars a scam?

On Tuesday 16th July, just a few weeks ago I was invited to attend a Karatbit, Karatbars/Karatbank presentation. The presentation was touting everything including a blockchain mobile phone. Someone had approached me over the weekend to investigate an investment, they had made with Karatbit/Karatbars. I attended the presentation with some research which, to be honest, was not that favourable to the company but nevertheless still went with an open mind.
KaratBank, a Singapore-based financial organization, has propelled another digital currency that it claims is bound to real physical gold. Is this a progressive thought – or a trick?
KaratBank, an organization located in Singapore, has quite recently declared the dispatch of KaratBank Coins (KBC), another digital currency it said is attached to gold. Be that as it may, not just the cost of gold, as different monetary forms — to real bits of gold: they're embedded in plastic cards or banknotes. In any event, that is the way it appears upon first sight.
KaratBank is a sister company of KaratBars International, located in Germany. KaratBars really sells gold in exceptionally small quantities (like 0.1g to 1g bullions), inserted into plastic cards (Karatbars) or money like notes (CashGold). The notes are famously overpriced: back when 1 gram of gold was $40, the 1g CashGold note cost $65.
As per KaratBank whitepaper, 10,000 KBC can be traded for 0.1g CashGold notes.
The initial coin offering kicked off earlier this year and proceeded until March 21, with the ICO starting March 22 (1 KBC = $0.05), Coin Telegraph reports.
Be that as it may, KaratBars International as an organization is emphatically connected with scams. A basic search for KaratBars on Google returns three connections with the word "scam" in them on the first page. KaratBars was prohibited in Canada in 2014 over an Autorité des marchés agents (AMF) with a Scam warning.
The Canadian government found that KaratBars executes some kind of multi-layered marketing (MLM), or "pyramid" scheme organisation that urged individuals to get new recruits and profit from their sales, promising a return of $15,000 to $136,000 every month.
In any case, Is KaratBank is a different story? All things considered, yes and no. Upon a more intensive look at the organization's whitepaper, one finds the following:
"United States of America citizens, residents (tax or otherwise) or green card holders, as well as residents of Canada, the People's Republic of China or the Republic of Singapore, are not qualified to partake in the KaratBank ICO."
As indicated by the Behind MLM site, the explanation behind this may lie in the way that those nations have actualized strict regulation on ICOs, and KaratBank does not have any desire to have anything to do with them.
"ICOs are not unlawful in the US or Canada. In the US, however, ICOs are ordinarily viewed as securities and require registration with the [Securities and Exchange Commission]," the site reads. "Singapore hasn't prohibited ICOs however it is one of the nations KaratBars International works in through the shell companies KaratPay and KaratBars Singapore. Singapore regulators closing those organizations down would cripple KaratBars International. The board most likely figure it's best not to take any risks."
To work lawfully in any purview, KaratBars International would need to register itself with the proper securities regulator in that jurisdiction, which the organization appears to need to abstain from, raising doubts.
From one's point of view what is disheartening is that blockchain is a great new technology and companies like this seem to mix their existing business with cryptocurrencies. Knowing full well that the general public does not really understand cryptocurrencies, let alone blockchain or Distributed Ledger Technology (DLT). As a blockchain consultant, one feels obligated to pose some questions anyone thinking of getting involved should be asking.
At the presentation, I heard the presenters say “ Karatbars is giving its members the opportunity to buy gold in small quantities. They also encourage you to save in gold instead of paper money. This can easily be done by buying as little as 0.1 gram of gold or 1 gram - 2.5 gram or 5 grams.”
They said members can keep their gold in Karatbars' vault or ask them to send it to you. Cash gold is the most popular form of buying gold as the gold is embedded in a banknote. 24kt gold 99.9% pure makes it easier for anyone to accumulate wealth.
Karatbars is also involved in cryptocurrency and got their own coins, namely KBC and KCB coins. I'm going to get very deep into this, but the main thing to remember is that they say, “these coins are increasing in value and that it is backed by gold”. whereas and another Cryptocurrency is backed by nothing.
As a self-proclaimed proponent of blockchain and a graduate of Digital Forensics, I feel obligated to say a few words about this presentation on Karatbit or at least as a conscious citizen of this global world of technology users. Blockchain is a magnificent emerging technology that can be harnessed to do so many things. But most importantly it is a technology that provides one single source of truth. If groups are using this single source of truth technology to spread untruths, someone concerned must come out to say something. Blockchain is a technology that can put everyone on an even playing field but it seems very few understand it. The individuals with even the fleeting basic understanding can influence the general public perception of cryptocurrencies. This leads me to ask a great quote from a book called Richest Man in Babylon …. “if you want advice on investing in expensive jewels, why would you go to a butcher?”
The following is what the masses are being manipulated to attach their hopes and dreams. It is that “a further drop in the value of Bitcoin and other cryptocurrencies has recently left investors nursing heavy losses. Many proponents are holding out for a new breakout “if their digital assets can go mainstream.”
The most important part of that statement is “if their digital assets can go mainstream”. This made me ask some questions about Karatbit and this is what I came up with.
Something is fishy!! Can someone clarify the following?
Claim 1: Gold mine worth $900 million provides security.
Can’t find any official source as proof.
Reference: https://www.youtube.com/watch?v=TyKQIckXyIU
Claim 2: Backed by a gold mine in Africa
Can’t find any official source as proof.
Reference: https://www.youtube.com/watch?v=d5Q3ZvR4b04
Claim 3: Audit report by MM Revisors for a gold mine in Madagascar
Can’t find proof that MM Revisors exists. Not sure if this report was published by Karatbars Int (can’t find it on their official website), but this is being circulated by some investors as if it were.
Reference: https://karatbars-me.webnode.es/\_files/200000070-01d6002d18/audit.pdf
Claim 4: Karatcoin Bank is a fully licensed crypto bank and is situated in Miami
Can’t find proof that they are registered as a licensed financial institute in Miami, Florida.
Can’t find Karatcoin Bank as a registered corporation, but found Karat Coin Corp.
Reference: http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults?inquiryType=EntityName&searchNameOrder=KARATBANK&searchTerm=Karatbank
Reference: https://www.youtube.com/watch?v=YXip2Fizz5U&t=152s
Claim 5: Not a pyramid scheme
Karatbit describes this as an affiliate program but clearly is a pyramid scheme at best, see links below;
Canada: https://www.newswire.ca/news-releases/karatbars-quebec-activities-covered-by-prohibition-orders-514201571.html
Namibia: https://economist.com.na/43874/extra/karatbars-international-is-a-scamsays-central-bank/
Netherlands: https://www.afm.nl/en/nieuws/2014/mei/waarschuwing-karatbars
Claim 6: 100KBC = 1g of Gold at $40 per gram (1 KBC = $0.40) (guaranteed)
Total supply = 12,000,000,000 KBC (can’t find figures of circulating, so using supply instead)
Total gold needed to cover buy back of all coins:
12,000,000,000 / 100 = 120 000 000g = 120 tons (South Africa as a whole produced 139.9 tons of Gold in 2017).
Total money needed to buy back all the coins:
120 000 000g x $40 = $4.8 Billion
Can’t find proof that they have 120 tons of gold in storage (or backed up by the mines as claimed) or that they are at least worth $4.8 Billion to buy the gold?
Taking a more conservative approach:
According to icobench.com, they raised $100 000 000 with their ICO from 60% of the total supply.
Let’s assume the 60% of 12,000,000,000 is in circulation. This equals to 7,200,000,000 KBC.
Total gold needed for the buyback of 7,200,000,000 KBC:
7,200,000,000 / 100 = 72 000 000g = 72 tons
Total money needed to buy back all coins:
72 000 000g x $40 = $2.88 Billion
Loss for buying back the KBC that were sold during the ICO:
$100,000,000 - $2,880,000,000 = - $2,780,000,000
A potential loss of $2,78 Billion!!! Or am I taking crazy pills?
Reference: https://www.youtube.com/watch?v=KgeHjhlMfn0
Reference: https://icobench.com/ico/karatgold-coin
Claim 7: This Forbes.com article gives credibility to the KBC coin
This article was written by a Contributor.
Reference: https://www.forbes.com/sites/joresablount/2019/05/31/10-blockchain-companies-to-watch-in-2019/#308b507e543f
There is no traditional editing of contributors’ copy, at least not prior to publishing. If a story gets hot or makes the homepage, a producer will “check it more carefully,” DVorkin said.
Reference: https://www.poynter.org/reporting-editing/2012/what-the-forbes-model-of-contributed-content-means-for-journalism/
“Blogging for Forbes requires being what is commonly referred to as a "self-starter."
So far, nobody has said, "Um, you can't do that," or, "Oh, my God, no!"
Reference: https://www.forbes.com/sites/susannahbreslin/2011/04/06/how-to-become-a-forbes-blogge#231bb9972862
“Warning over 'scammers paradise' as watchdog reveals victims lost £27m to bitcoin, cryptocurrency and forex frauds last year”
• Some 1,850 cases were reported to Action Fraud, a 250% increase on 2017-18
• Victims lost an average of £14,600 - with fewer than 1 in 20 getting money back
• Investors are often initially told they've made a profit
• They are then encouraged to put in more money - at which point the fraudsters run off with their cash
Potential victims have been warned over bogus online 'get rich quick' schemes as it emerged people lost more than £27million to cryptocurrency and foreign exchange scams last year.
Fraudsters promise high returns to those who invest, according to Action Fraud and the Financial Conduct Authority.
Victims lost an average of £14,600 in 2018-19 and stand little chance of getting their money back.
Reports of cryptocurrency and forex investment scams increased by nearly 250 per cent in 2017-18, from 530 to nearly 1,850.
The scams work by criminals promoting get-rich-quick online trading platforms through social media. Posts often use fake celebrity endorsements and images of luxury items like expensive watches and cars.
Beat the scammers:
These then link to professional-looking websites where consumers are persuaded to invest.
Often investors are led to believe their first investment has successfully returned a profit, and are then enticed to invest more money or introduce friends in return for greater profits.
But the returns stop, the customer account is closed, and the scammer disappears with no further contact.
'Anyone handing over their hard-earned cash should make sure they understand what they're getting into, they've checked it's a legitimate investment, and not rely on hype and excitement from friends or social media.
'Investing isn't a get-rich-quick scheme - and anything that uses fear of missing out or requires you to invest before thinking is best to be avoided.'
Those considering an investment to check the following for tips on how to avoid investment fraud at www.fca.org.uk/scamsmart.
Scammers can be very convincing so always do your own research into any firm you are considering investing with, to make sure that they are the real deal.
'It's vital that people carry out the necessary checks to ensure that an investment they're considering is legitimate.
UK consumers are being increasingly targeted by crypto asset-related investment scams.
Certain crypto assets, like Bitcoin and Ether (also known as cryptocurrencies), are not regulated in the UK. This means that buying, selling or transferring these crypto-assets falls outside FCA remit. The same is true for the operation of a cryptocurrency exchange.
However, some types of crypto-asset products may be or may involve regulated investments depending on their nature and how they are structured. For example, firms that sell regulated investments with an underlying crypto asset element may need to be authorised by the FCA to do so.
In recent months, the FCA claims it has received an increasing number of reports about crypto-asset investment scams. Some of them may involve regulated activities, others don’t, but all use similar tactics.
How crypto-asset investment scams work
Cryptoasset fraudsters tend to advertise on social media – often using the images of celebrities or well-known individuals to promote cryptocurrency investments. In this case, laughably they said KaratBit was endorsed by Barak Obama’s sister. Who is she and what does she know about cryptocurrencies and blockchain? The ads then link to professional-looking websites. Consumers are then persuaded to make investments with the firm using cryptocurrencies or traditional currencies.
The firms operating the scams are usually based outside the UK but will claim to have a UK presence, often a prestigious City of London address.
Scam firms can manipulate software to distort prices and investment returns. They may scam people into buying the non-existent crypto asset. They are also known to suddenly close consumers’ online accounts and refuse to transfer the funds to them or ask for more money before the funds can be transferred.
Action Fraud has also issued a warning on cryptocurrency scams.
How to protect yourself
Be wary of adverts online and on social media promising high returns on investments in a crypto asset or crypto asset-related products.
Most firms advertising and selling investments in crypto-assets are not authorised by the FCA. This means that if you invest in certain crypto assets you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong.
The FCA doesn’t regulate crypto assets like Bitcoin or Ether which are vastly the most recognized cryptocurrencies, let alone KBC, they do regulate certain crypto-asset derivatives (such as futures contracts, CFDs and options), as well as those crypto assets I would consider securities. A firm must be authorised by FCA to advertise or sell these products in the UK – check FCA Register to make sure the firm is authorised. You can also check the FCA Warning List of firms to avoid.
You should do further research on the product you are considering and the firm you are considering investing with. Check with Companies House to see if the firm is registered as a UK company and for directors' names. To see if others have posted any concerns, search online for the firm's name, directors' names and the product you are considering.
If you’ve already decided you want to invest in gold, this might not be a bad company to side with. But if you’re just looking for an opportunity to earn a sustainable income and become financially independent, there are better options out there.
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Top African Forex Traders Lifestyle: Jason Noah, part 1 ... Life Of A Trader: Philani Donsi  Top Trader South Africa ... Best Forex Trading Advice by South African Traders  Top ... Top 5 Forex trading millionaires in South Africa 2020 ... Life of A Trader: Zazi Ngema  Top Trader South Africa ... Best Female Forex trader in South Africa  Biography of ... Forex traders south Africa - YouTube Ref Wayne Awarded Best Forex Trader In Africa - YouTube South African forex traders show off money profit, trading ... Top 5 richest forex trading Millionaires in South Africa ...

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Top African Forex Traders Lifestyle: Jason Noah, part 1 ...

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