WikiFX Articles and Updates

[WikiFX]

Morgan Stanley’s chief economist Chetan Ahya wrote on Monday (August 26) that trade barriers raised close to the level that would lead the global economy into recession.

Ahya pointed out in the report: "We have made the risk of further escalation of trade disputes significant. If the United States imposes a 25% tariff on all imported goods in China, and the Chinese side responds, as long as this situation lasts for four to six months, the global economy will fall into recession for six to nine months."

If the tariffs imposed by both parties at the end of last week are fully implemented, Ahya expects the global economic growth rate to drop to 2.6% in the first quarter of 2020, only slightly above the 2.5% decline level. It is believed that as long as the United States raises tariffs to 25%, it will be enough to suppress the global economic growth rate below 2.5%.

#tradebarriers #tariff #WikiFX

 

[WikiFX]

Memang emas tengah mencanak naik sekarang

Dengan pedang emas, 1600 yen, utang-utang Amerika Serikat, atau sebiji emas.

 

[WikiFX]

Company name: Albus Capital Inc.
Address: U0155, 2nd Floor, Chung Kwong Building, Jalan Okk Awang Besar 87008 labuan F.T., Malaysia.
Visited on: August 26th, 2019
Visited by: WikiFX team

Previous on-the-spot investigation
On our last investigation trip, we visited UOB in Malaysia and confirmed that the company is at the address from its regulatory information and is in business under LFSA regulation. As an “eye” for global investors, WikiFX conducts spot check on forex brokers and makes overall assessments based on the results, in order to better serve forex investors and help them identify the reliable brokers. Upon investors’ requests, we’re checking out the forex broker Albus Capital Inc. in Malaysia this time.

On-the-spot investigation
According to the address on the broker’s website and the street map, we came to Jalan Okk Awang Besar street and found, with some genuine efforts, the Chung Kwong Building where Albus Capital Inc was supposedly located. Although we carefully went through the building’s floor directory, we couldn’t find Albus Capital Inc on it. Through consulting the building administration, we learned that the building houses many branches of the Wong Chik Lim Group. But none of the building’s administrative staff has heard of a company named Albus Capital Inc.

Summary
Per the visit, we confirm that the address of Malaysian broker Albus Capital Inc. doesn’t match its regulatory information, while further investigation of the broker on the WikiFX App suggests its STP license from LFSA is suspected to be cloned. Without valid regulation currently, Albus Capital Inc. whose WikiFX rating is only 1.19 bears tremendous risks, please stay away from it.

Conclusion
Dedicated to satisfying the market and our customers, WikiFX has visited thousands of brokers in SE Asia, Britain, Australia and elsewhere around the world, receiving wide acclaim from global investors. Whether the well-established brokers or deceptive illegal brokers, WikiFX has their profiles collected through on-the-spot visits and promptly offers investors the quality first-hand information about brokers. Stay tuned if you’re interested in learning more about WikiFX on-the-spot visits, or download the WikiFX App to get updates of the latest forex news.

 

[WikiFX]

Company name: Albus Capital Inc.

Address: U0155, 2nd Floor, Chung Kwong Building, Jalan Okk Awang Besar 87008 labuan F.T., Malaysia.

Visited on: August 26th, 2019

Visited by: WikiFX team



Previous on-the-spot investigation

On our last investigation trip, we visited UOB in Malaysia and confirmed that the company is at the address from its regulatory information and is in business under LFSA regulation. As an “eye” for global investors, WikiFX conducts spot check on forex brokers and makes overall assessments based on the results, in order to better serve forex investors and help them identify the reliable brokers. Upon investors’ requests, we’re checking out the forex broker Albus Capital Inc. in Malaysia this time.



On-the-spot investigation

According to the address on the broker’s website and the street map, we came to Jalan Okk Awang Besar street and found, with some genuine efforts, the Chung Kwong Building where Albus Capital Inc was supposedly located. Although we carefully went through the building’s floor directory, we couldn’t find Albus Capital Inc on it. Through consulting the building administration, we learned that the building houses many branches of the Wong Chik Lim Group. But none of the building’s administrative staff has heard of a company named Albus Capital Inc.



Summary

Per the visit, we confirm that the address of Malaysian broker Albus Capital Inc. doesn’t match its regulatory information, while further investigation of the broker on the WikiFX App suggests its STP license from LFSA is suspected to be cloned. Without valid regulation currently, Albus Capital Inc. whose WikiFX rating is only 1.19 bears tremendous risks, please stay away from it.



Conclusion

Dedicated to satisfying the market and our customers, WikiFX has visited thousands of brokers in SE Asia, Britain, Australia and elsewhere around the world, receiving wide acclaim from global investors. Whether the well-established brokers or deceptive illegal brokers, WikiFX has their profiles collected through on-the-spot visits and promptly offers investors the quality first-hand information about brokers. Stay tuned if you’re interested in learning more about WikiFX on-the-spot visits, or download the WikiFX App to get updates of the latest forex news.

 

[WikiFX]

UP

 

[WikiFX]

US long-term Treasury yield fell further on Tuesday (August 27), aggravating a key yield curve inversion and sending the 10-year U.S. Treasury yield to its lowest level since 2007.

The 2-year U.S. Treasury yield fell to 1.526%, 5 basis points above the 10-year U.S. Treasury yield. The spread between the 3-month U.S. Treasury yield and the 10-year U.S. Treasury yield slumped to -52 basis points, its lowest since March 2007. The 30-year Treasury yielded 1.955% and was poised to close below the 3-month Treasury yield for the first time since 2007.

#US #Treasury #Yield #WikiFX

 

[WikiFX]

Tekanan telah kembali pada dolar pada hari Rabu, sebagai takut perang perdagangan Sino-U.S. akan menyeret pada dan sangat menyakitkan pertumbuhan ekonomi mengarah ke slide lain dalam bentuk obligasi AS.

Indeks dolar terhadap keranjang enam karitma utama (DXY) berdiri sedikit berubah pada 98.013 selepas diet 0.1% semalam.

The Greenback dimulai pada kaki berkicau minggu ini, tetapi kemudian sembuh sebagai yang aman-beasury dihasilkan dari pertengahan tahun rendah setelah Amerika Donald Trump menyusui nadanya terhadap Cina dan memprediksi dua negara akan dapat mencapai kesepakatan perdagangan.

# dolar # yuan #tradewar #forex #WikiFX

 

[WikiFX]

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[WikiFX]

US home sales data had just been released. The existing home sales shows a positive trend, reaching 5.42 million which is slightly higher than the estimated 5.39 million; on the other hand, new home sales turns out to be 635 thousand, which is lower than the forecast of 649 thousand.

Existing home sales measures the annualized number of existing residential buildings that were sold during the previous month, while new home sales measures the annualized number of new single-family homes that were sold during the previous month. The figures help measure the strength of the US housing market while serving as key indicators of the country’s overall economy. There are also implications on the market trend of US dollars: an actual data higher than estimation points to uprising trend of US dollar, while a figure lower than estimation suggests the opposite.

More specifically, the housing sales are closely linked with mortgage rates. With the current mortgage rate down in the US, housing is becoming more affordable and attracts more buyers into the market, indicating a rising trend in sales that will be very likely to exceed market predictions. New home sales show that low mortgage rate has nudged more buyers into the market than expected. As Lawrence Yun, Chief Economist of NAR( National Association of REALTORS), noted, “The mortgage rate matters significantly for the consumers as well as the country’s economic outlook. Buying a house is an important long-term decision, and the current mortgage rate or even lower rate in the future may not boost sales significantly, unless buyers eventually regain their confidence.” The latest existing home sales and new home sales shows the falling mortgage rate has led to steady purchase of homes and contributes to the upward momentum in US housing market.

Early this month, the Federal Reserve cut interest rate by 25 basis points due to concerns of a global economic slowdown and risk-control assessments, triggering significant volatility in the global financial market. Federal Reserve Chair Jerome H. Powell mentioned during his speech last Friday that although the US economy has done well overall, it still faces many challenges, and the Reserve will “take actions as appropriate” to keep the current economic growth on track. The market is holding out for US dollar after Powell’s talk, and the price of interest rate futures has gone up again, though with reduced pace.

All these changes will affect the forex market. The outlook for US dollar -centered trading remains positive. As the trade war between China and the US continues, the forex market will also be influenced by the statistics of the world’s 2 largest economies, while safe-haven currencies like Swiss Franc and Japanese Yen will also respond to market fluctuations.

The economic statistics reveal much about the country’s overall economy, which has a great impact on the forex market. US economic statistics usually draw the most attention of all. Considering the impact of such economic data on the forex market, WikiFX offers investors explanation and analysis of the major economic statistics before or after they’re released, in order to help investors make a better decision in an ever-changing forex market. Stay tuned as we present you more forex and financial updates.

 

[WikiFX]

U.S. does not intend to intervene in currency markets for now, Mnuchin tells Bloomberg

U.S. Treasury Secretary Steven Mnuchin said on Wednesday the United States does not intend to intervene in currency markets for now, Bloomberg News reported.

Mnuchin told Bloomberg in an interview that the situation could change in the future but that he believes such actions would be more effective if the U.S. Treasury intervened in conjunction with both the Federal Reserve and U.S. allies.

The Treasury Department has “no intention of intervention at this time," Bloomberg quoted Mnuchin as saying. "Situations could change in the future but right now we are not contemplating an intervention."

#currencymarket #us #forex #WikiFX