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Thread: Forex Humor

  1. #81 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    US stock market sets new records




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    The situation in the US stock market seems to be vague. Some analysts warn traders about a possible collapse, but official stock market data proves the opposite. Experts have been predicting the market slump for decades, however, there are always reasons for a rise.

    The early decay of the US and its stock market, in particular, has been delayed for an indefinite period. Those who still believe in the US early collapse may continue watching TV programs to feed their expectations. The official stock market statistics show that the US market is experiencing record growth.

    The S&P 500, one of the key indices, has become the leader of this race. The indicator exceeded the level of 4,000 points for the first time in its history. Such a record rise was mainly caused by US President Joe Biden’s stimulus plan worth more than $2 trillion.

    Such great government support led to a wave of optimism in the market, thus boosting not only the S&P 500 but also other indices. Thus, the Dow Jones Industrial Average added 58 points and Nasdaq advanced by 230 points.

    The fact is that the current surge is taking place amid the already high stock prices. That is why investors have to make difficult decisions. On the one hand, the uptrend is extremely strong and it is likely to continue. On the other hand, stocks are too expensive to buy, especially those of the companies with big market capitalization.

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  2. #82 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default IMF to impose solidarity tax on pandemic winners

    IMF to impose solidarity tax on pandemic winners



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    The world community is witnessing blatant injustice. While some people are suffering significant losses because of the coronavirus pandemic, others are becoming fabulously wealthy. There have always been people who are able to take advantage even of a disastrous situation. The same is happening amid the COVID-19 outbreak.

    Forbes, an authoritative source of information, has published a list of 50 entrepreneurs who earned billions in the previous year when the whole world was staying home. Among the leaders are healthcare companies, producers of personal protective equipment, and online retailers. Most of the newly-minted billionaires are from China, where the first coronavirus outbreak was recorded. They managed to increase their fortunes thanks to a surge in the stocks of companies engaged in the vaccine development and production of medical equipment. Notably, the coronavirus is still spreading around the world. That is why businessmen will have a chance to earn even more, especially those who are involved in the vaccine supply and rollout.

    Such a situation attracted the attention of the International Monetary Fund (IMF). According to the IMF, “high earners and companies that prospered in the coronavirus crisis should pay additional tax to show solidarity with those who were hit hardest by the pandemic”. Experts at the organization said that it was a temporary tax that would boost social spending and help in the formation of budgets. The IMF is sure that the solidarity tax will allow the flourishing business to take part in the economic recovery and boost citizens’ perception “that everybody contributes to the effort necessary for recovery from Covid-19”. The IMF said that such taxes were introduced in Germany, Australia, and Japan in different periods of time.

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  3. #83 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Junk file remover software are easy to install, capable of finding and removing unwanted programs and fix various registry issues.

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  4. #84 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default Bitcoin market cap hits all-time high

    Bitcoin market cap hits all-time high




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    Bitcoin has recently been through a string of gloomy news. Despite all that, it lost almost nothing of its value. The possibility of a ban on cryptocurrencies in India and an absolute restriction on the use of digital money as a form of payment for goods and services in Turkey did not affect the world’s flagship coin. All in all, this spring has been a good time for BTC. In mid-March, the world’s first digital asset set one more record. The cryptocurrency hit a market capitalization of $1.2 trillion, another all-time high. In fact, it took bitcoin 12 years to set such a record. Meanwhile, American tech giants such as Microsoft, Apple, Amazon, and Google needed more time to do the same. Thus, bitcoin has confirmed the status of the fastest growing asset in the financial world again. Clearly, bitcoin still lags behind large tech corporations that surpass it in market capitalization. Yet, given BTC’s rapid pace, it is safe to say that it is just a matter of time. An exponential increase in the market capitalization of the premier cryptocurrency is still ongoing. This proves that investors are determined to spend money on it. In fact, the worldwide popularity of bitcoin is growing along with its credibility.

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  5. #85 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    EUROPE´S ECONOMY FACES RECESSION



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    According to analysts at The New York Times, the eurozone economy contracted by 0.6% in the first quarter of 2021 which is a clear sign of a recession. The economic downturn has been caused by the COVID-19 restrictions in some European countries and the lack of stimulus measures. Today, the US economy has outpaced the European one thanks to “substantial public expenditures” and a rapid pace of vaccination, analysts at The New York Times note. Currently, 19 nations of the euro area have faced a so-called double-dip recession that “reflects far less aggressive stimulus spending and a botched effort to secure vaccines.” Yet, there are some signs of improvement in the EU. The spread of the coronavirus in Germany and France has slowed down, while factories have revived production. Thus, the German economy shrank by 1.7% from January through March whereas GDP of Italy and Spain contracted by only 0.4% and 0.5% respectively. The economy of France grew by a modest 0.4% and its prospects are rather optimistic. Most economists and the ECB expect the eurozone to expand rapidly over the second half of 2021, producing growth of more than 4% on a yearly basis.

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  6. #86 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    US STOCKS SLIDE ON BIDENS TAX HIKE PLAN



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    Almost every American president made adjustments to the country's tax system and the current one was no exception. US President Joe Biden decided to make good on his campaign pledge to revise taxation on the rich.

    Biden proposed almost doubling the capital gains tax rate for wealthy individuals as a way to fund spending in the so-called American Families Plan. In other words, he is determined to provide poor households with additional support at the expense of the wealthiest ones. Taxes on millionaires, large companies, and corporations will be raised by nearly 2.5%. The top marginal income tax rate will be increased to 39% from 37%, while the capital gains tax rate will almost double. These adjustments apply to those who make more than a million dollars. The current base rate is only 20%. Coupled with a surcharge on investment income, the new tax rate for the wealthiest Americans could be as high as 43.4%.

    This news exerted some downward pressure on the US stock market. Major indices slid on news on a tax hike. The S&P 500 fell by 0.92%, the Dow Jones Industrial Average dropped by 0.94%, and the Nasdaq Composite was down by 0.94%. Earlier, the head of the White House introduced a $2 trillion plan to overhaul the US economy. In early March, the US Senate approved a $1.9 trillion coronavirus relief package aimed at addressing the crisis.

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  7. #87 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    SPACEX TO LAUNCH MOON MISSION FUNDED BY DOGECOIN



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    Tesla CEO Elon Musk said that SpaceX would launch the "DOGE-1 Mission to the Moon" in the first quarter of 2022. The company will accept meme-inspired cryptocurrency Dogecoin as full payment for the lunar payload. "SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space", Musk said in a tweet.
    SpaceX Vice President of Commercial Sales Tom Ochinero noted that DOGE-1 "will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce." In the long term, this will "set the foundation for interplanetary commerce", Ochinero said. "SpaceX is going to put a literal Dogecoin on the literal moon," Musk wrote.
    DOGE-1 will fly on a Falcon 9 rocket, the satellite owned by the Canadian company Geometric Energy Corporation (GEC) in the first quarter of 2022. As part of the DOGE-1 mission, a payload "will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems."
    Dogecoin has soared dramatically amid such news. Last week, from May 3 to May 8, it reached a high of $0.69. Earlier, the price of the token rose to a record high of $0.73 but later fell by 30%. It declined when Musk hosted an episode of Saturday Night Live during which he admitted Dogecoin was "a hustle".

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  8. #88 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    CHINAS TRADE SURPLUS GROWING STEADILY





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    China’s economy is booming, while other countries are trying to recover from the pandemic. Not so long ago, China unveiled its foreign trade results. And they are staggering.

    According to official data from the General Administration of Customs of the People's Republic of China, the country’s trade surplus soared by 28.5% in the period from January to April of this year. The country's foreign trade turnover reached 11.62 trillion yuan, or $1.8 trillion, according to a report presented by customs officials.

    China’s exports expanded by 21.8% versus government statistics published in 2019 before the coronavirus pandemic began.

    Exports volumes also increased considerably by 33.8% year-on-year between January and April. The country's imports rose by 22.7%. The trade surplus surged by 149.7% to 1.02 trillion yuan.

    This is hardly surprising. China’s economy was the first to get back on track after the coronavirus pandemic. Apart from breathtaking economic results, the country is taking advantage of the consequences of the pandemic. The Chinese authorities have taken the virus under control and stabilized the economy. So, now they are trying to extend their political influence on the world arena through trading as all sectors of the economy operate in China.

    Hence, the economic benefits are obvious: from buying cheap oil to having an advantage in a trade war with the United States. In the conflict between the two world’s largest economies, the United States was preparing for the defeat of the rival but the coronavirus pandemic tipped the balance. Currently, the US is steadily recovering from the pandemic although its consequences will have a negative impact on the economy in the long term.

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  9. #89 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    GLOBAL TRADE NEEDS WIDER SUEZ CANAL





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    On May 15, the media reported that the Suez Canal Authority (SCA) plans to launch the dredging project with a view to the canal extension. According to Head of the Administration Usama Rabia, the essence of the project is to deepen the transport lane that connects the Mediterranean Sea and the Red Sea.

    The extension of the Suez Canal will transform it into a two-way transport waterway with bigger traffic capacity. The bulk of the work is carried out at the southern end near the Great and Small Bitter Lakes, not far from the entrance to the canal. This is the spot where giant container ship Ever Given got grounded for six days in March 2021, disrupting global trade.

    Usama Rabia stated that the project would be implemented in several stages. «The first phase includes the implementation of a project to duplicate the canal with the Small Bitter Lake», he commented on the authority’s plan.

    The second stage aims to extend the second canal lane by 10 km and make it 82 km long from the current 72 km. Besides, a 30-km long section of the southern lane is supposed to be widened and deepened.

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  10. #90 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default SEC warns of BTC risks

    SEC WARNS OF BTC RISKS






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    Amid the ongoing crash in the cryptocurrency market, the US government’s warning of the risks of investing in bitcoin no longer seems to be ridiculous. The most popular digital coin lost almost 50% of its value, dragging the rest of the market down.

    In the middle of May, a few days before the collapse, the US Securities and Exchange Commission (SEC) called BTC a "highly speculative investment" and warned of the risks.

    "The staff strongly encourages any investor interested in investing in a mutual fund with exposure to the bitcoin futures market, as discussed below, to carefully consider the risk disclosure of the fund, the investor’s own risk tolerance, and the possibility, as with all investing, of investor loss," SEC stated.

    "Investors should consider the volatility of bitcoin and the bitcoin futures market, as well as the lack of regulation and potential for fraud or manipulation in the underlying bitcoin market," SEC experts said, stressing that the statement had no legal force or effect.

    However, such announcements are likely to become more than just a recommendation in the future. SEC Chairman Gary Gensler addressed Congress, proposing to develop a regulatory framework in order to control the cryptocurrency industry.

    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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