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Thread: Forex Humor

  1. #91 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default Goldman Sachs foresees surge in oil prices

    Goldman Sachs foresees surge in oil prices






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    A wave of euphoria swept over the global oil market again. Oil prices are expected to skyrocket in the near future. One of such optimistic forecasts was prepared by experts at Goldman Sachs, who foresaw a jump to $80 per barrel as early as the end of the next year.

    The global economic recovery amid the availability of coronavirus vaccines could be the main driver of higher oil prices. At the same time, economic return to normal conditions could become a decisive factor. If the global economy spreads its wings, the removal of sanctions from Iran will hardly influence oil prices.

    Goldman Sachs emphasizes that the market has underestimated a rebound in demand even with a possible resumption in Iranian supply. Notably, Iranian oil exporters may return to the pre-crisis levels of oil supply, that is 4 million barrels a day, just in several months.

    It is highly possible that the expected surge in oil prices will be the last one in history. Most analysts suppose that the era of oil and gas may end soon. The same thought was expressed by Russian billionaire Oleg Deripaska. He reminded that earlier, the International Energy Agency (IEA) warned market players not to invest in new oil and gas projects. He said that it was good that key organizations stopped playing unconsciously and started to talk openly about changes in the world. Now, the global community should create real mechanisms that will prohibit some countries from ruining the planet, defiantly violating international laws.

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  2. #92 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Cardano soares by 25%



    A rising star of the cryptocurrency market, Cardano, has not stopped to amaze crypto enthusiasts even when the rally ended. In terms of growth, the digital asset successfully competes with the veterans of the crypto industry. In fact, it is in the top 5 cryptocurrencies by the largest market capitalization after Bitcoin and Ether. Cardanos growth rate is indeed impressive 2,000% in the last 12 months, with 300% in the last month alone and 25% in the last week of the previous month. Notably, the Goguen update announced by the developers only boosted Cardano. Projects such as Cardano, Polkadot, and Ethereum are the foundation of the new Internet and Web 3.0. Im willing to bet that each of Ethereum, Cardano, and Polkadot will be more valuable than Bitcoin within the next few years, Prakash Chand, a cryptocurrency expert, said. Cardano is a decentralized third-generation proof-of-stake blockchain and smart contract platform. It is designed by the IOHK team of developers led by Charles Hoskinson, the former co-founder of BitShares, Ethereum, and Ethereum Classic. Around 70% of all tokens of the Cardano project (ADA) are staked, making it the worlds most decentralized blockchain.

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  3. #93 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Falling bitcoin stops altcoins from surging




    Dogecoin (DOGE) has been successfully listed on the crypto exchange and keeps rising in price to the joy of its fans. Despite the obvious success, the currency founder, Billy Markus, said that Dogecoins growth was lower than he expected and blamed bitcoin for this. Apparently, the current stagnation of bitcoin has spoiled the picture for other digital currencies. According to CoinGecko, the market capitalization of Dogecoin has reached $55.6 billion. Billy Markus compared bitcoin to a father who has a gambling problem. When he is winning, he buys you toys and is always in a good mood. But when he is losing, he locks you up in a room and even sells your stuff. One of the main advocates of DOGE, Tesla and SpaceX CEO Elon Musk, also commented on the altcoins listing. He re-posted his tweet from July 18, 2020 with an image of a dust storm with a Shiba Inu face blowing over the global financial system. Its inevitable, he wrote. Later, Musk posted another picture with Shiba Inu with a comment, Found this pic of me as a child. Notably, Dogecoin behaves towards its peers just in the same way bitcoin does in relation to the rest of the crypto market. When it surges, its clones rise as well. Thus, the Shiba Inu coin, which brands itself as the Dogecoin killer, spiked by 11% in just 24 hours. The price of another token that features Akita Inu on its logo has also jumped by 6% overnight.

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  4. #94 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Apple to debut new app helping users protect their privacy



    According to Bloomberg, Apple will introduce a new application for its gadgets next week. It is reportedly designed to show users what data other apps collect about them.

    This innovative control panel developed by Apple provides detailed information on the collection of user data. The new product will give its customers a clear view of what personal details are collected by third-party applications installed on their devices. This tool is intended to help users take control over the excessive activity of certain programs when collecting data.

    The application will enable users to set a status, for example, indicating that they are driving, working, etc. Using this feature, the company will determine how incoming notifications are processed.

    Apple plans to upgrade its messages and make them competitive with such popular applications as Facebooks WhatsApp and Messenger. In addition, Apple is working on new models of tablets - iPad Pro with wireless charging and iPad Mini.

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  5. #95 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Palladium may become even more expensive





    The price of the most expensive metal in the world has become even higher amid the mounting demand. Last month, palladium closed at a record high, exceeding the reading of $3,020 per troy ounce.

    As a result, the price gap between palladium and gold increased by more than $1,000. It seems that it is not the limit as the gap may widen even more amid the global economic recovery.

    Even now, the market may face a shortage of palladium. This could be caused by the rising needs of the car production sector and a stricter environment control. What is more, the price of the metal is influenced by the difficulties with supply amid the production suspension at the mines of Norilsk Nickel, the largest producer.

    Notably, palladium is used in electronics, dentistry, and jewelry, but the main field of application is the production of automotive catalysts in gasoline engines. Catalysts are needed to reduce the level of toxic emissions into the atmosphere. This issue is becoming extremely important due to the shift towards a green economy.

    At the same time, gold is likely to go on losing value. Georgette Boele, precious metals strategist at ABN AMRO Group Economics, said that by the end of the year, gold might depreciate to $1,700 per troy ounce. However, there is an alternative scenario. Demand for gold may surge amid the reform of the Russian National Wealth Fund. It is quite possible that the share of gold in the fund will rise due to the removal of the US dollar.

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  6. #96 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Apple and Google to face antitrust investigation in Japan





    According to the Nikkei newspaper, citing a reliable source, Japans authorities will investigate whether Apple and Google violate the countrys antitrust laws.

    The government has estimated that the share of operating systems Apple iOS and Google Android exceeds 90% in the Japanese market. In this light, Japans officials will thoroughly assess the current situation in the market of smartphones, tablets, and other devices.

    If any suspicious activity on the part of Apple and Google is uncovered, Japan will tighten its antitrust regulations. The tech giants came into the spotlight in Japan after Spotify and other audiobooks and ebooks distributors had noted that Apple obliged them to use its own payment system in the App Store and the iTunes Store. The leading corporations also imposed other restrictions.

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  7. #97 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hackers attack McDonald's in Taiwan and South Korea






    According to The Wall Street Journal, citing a reliable source, McDonald's has become another company to be affected by a data breach. The well-known fast food company became a victim of a hacker attack that led to the exposure of private data of customers in Taiwan and South Korea.

    As a result, hackers received access to emails, delivery addresses, and phone numbers of the burger chains customers in Taiwan and South Korea. The data breach also affected McDonald's operations in the United States. Notably, personal information of American customers was not stolen. However, hackers broke into the system and took restaurant and employee data.

    The management of Taiwan- and South Korea-based McDonald's divisions reported on the cyber attacks to the appropriate authorities, The Wall Street Journal said. In fact, the regulatory bodies are prepared to contact clients and employees whose personal data has been stolen. McDonald's is planning to warn its employees in Russia and South Africa of possible cyber attacks.

    The fast food chain stressed that the data breach did not affect the operations of McDonald's restaurants. Since it was not a ransomware attack, no ransom was paid to hackers by the worlds biggest burger company.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #98 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Sothebys to accept cryptocurrency for rare 101-carat diamond





    The legendary auction house, Sotheby's, prepares another pleasant surprise for the participants of the crypto market. Notably, in May, for the first time, it held an auction where buyers could use cryptocurrency as a means of payment. Back then, a painting by British street artist Banksy "Love in the Air" was sold for more than $12.9 million. This time, a pear-shaped diamond weighing 101.38 carats can be purchased for cryptocurrency.

    The precious stone of color category D is called The Key 10138. Its approximate cost varies from $10 to $15 million. Therefore, it may become the most expensive physical object that can be bought for cryptocurrency. The auction will be held in Hong Kong. Bitcoin, ether, and traditional money will be accepted as payment. Payments will be made through the Coinbase platform. " This is a truly symbolic moment. The most ancient and emblematic denominator of value can now, for the first time, be purchased using humanitys newest universal currency," Patti Wong, chairman of Sothebys Asia, said in a statement.

    "Diamonds are the key to understanding the history of the Earth, telling us about the human destiny and the supernatural power of beauty. Giving the diamond the name "The Key 10138", we want to emphasize the ability of this stone to illuminate our path and at the same time hint at the important role of digital keys in the world of NFT (non interchangeable tokens-virtual digital units in the blockchain network) and cryptocurrency," Wenhao Yu, Deputy chairman of Sothebys jewelry division in Asia, pointed out.

    According to representatives of the auction house, in the entire history of auctions, less than ten diamonds weighing over 100 carats were presented and only two of them had a pear-shaped cut.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #99 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    What lies behind wild turbulence of iron ore prices?





    Iron ore is recognized as the most volatile commodity asset in the modern global market. The dynamic of its market quotes for the last month looks like a roller coaster. Besides, iron ore stands out from other commodities as the raw material with the most uncertain outlook.

    Currently, the commodity market is clearly bullish for obvious reasons. Improvement of business activity and industrial production around the world boosts demand that encourages a rally of commodity prices. Iron ore prices clicked into gear as soon as the global economy exposed the green shoots of recovery. Nevertheless, the commodity asset sharply reversed its direction a few times. The price conquered a new all-time peak in just a month, then abruptly plummeted, and again took off. With such wild gyrations, iron ore has gained the reputation of the most volatile commodity in the market. What lies behind the commodity turbulence? This mainly comes as a result of uncertain policy of Chinas authorities. Traders are trying to figure out whether iron ore will be in high demand among Chinese steel mills, which are the major consumers of the raw material, and how Beijings policy could influence this demand. China wants to cut steel production but control prices, and to reduce investment but maintain employment, Tomas Gutierrez, an analyst at Kallanish Commodities Ltd., comments on Beijings stance on the domestic manufacturing sector.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #100 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    COVID-19 destroys 22 million jobs





    According to the report "Employment Outlook 2021" by the Organization for Economic Cooperation and Development (OECD), nearly 22 million people in advanced countries have lost their jobs in 2020 due to the coronavirus pandemic. Notably, the report does not cover the rest of the world and concerns only those countries that are part of the organization.

    Despite the gradual economic revival, the labor market in developed countries has been recovering much slower. Therefore, the likelihood of economies regaining their previous employment rate even by the end of next year is slim. "Many of the jobs that have been lost during this pandemic crisis will not be recovered," Stephane Carcillo, the head of the OECDs jobs and income division, said.

    The level of unemployment remains high among low-skilled and young workers in comparison with the adult working population. "The scars could be felt for a long time for young people in terms of employment and wages," Stefano Scarpetta added. In addition, the income gap has significantly increased as there has been a shift towards jobs that require technical skills. Unemployment was also rather high in the service sector, especially in the tourism industry and catering. At the same time, the financial sector recorded an increase in employment even at the peak of the pandemic, primarily because employees of banks, funds, and investment companies had the opportunity to work remotely.

    Assessing the situation in the world labor market, experts at the OECD have distinguished its several important features over the past year and a half. For instance, people who have lost their job will have to seek much longer for a new one compared to the pre-pandemic time.

    Each new wave of the pandemic crushed down more companies and adversely impacted some sectors of the economy, making it extremely difficult for employers to create new jobs. As a result, people lose their professional skills while being unemployed. Therefore, even if suitable vacancies appear, they may not meet the job requirements.

    Experts at the OECD highlight that ultimately, they need to do their best so that the economy can adapt to the current situation. This is why they should identify companies with bright and long-term growth prospects.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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