- Gold remains rangebound between support at $1,764/oz and resistance at $1,837/oz as it tests key Fibonacci retracement levels. It is awaiting a fundamental driver to break this range.
- Inflation outlook and this week's US jobs report may provide impetus for gold to attempt breaking out of its range. The Fed remains dovish and focused on the labor market for tapering.
- Technically, gold prices are testing resistance at $1,833.66/oz and a break above this level could confirm a reversal of June's sell-off and allow prices to target resistance at $1,853-1,859/oz.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
2. Points To Be Covered Today:
• Gold Remains Rangebound
• Inflation Outlook
• Gold Trading Bias
• Gold Price Unchanged
• Gold Technical Forecast
• Gold Technical Analysis
• Gold Prices Pulled Back
• Gold Prices Are Testing Resistance
3. Gold Remains Rangebound
• Gold remains rangebound between two important Fibonacci retracement levels
produced from the March 16 2020 low at $1,451/oz. and the August 6, 2020 high at
$2,075/oz.
• Resistance at $1.837/oz. has held two recent breakout attempts while support at
$1,764/oz. has been untroubled of late.
• Adding to the current stalemate, all three simple moving averages are now clustered
together, giving little away as to the current sentiment in the market, while the CCI
indicator is neutral.
• Inside this box, there is additional support around $1,785/oz. which is underpinning
the short-term gold price.
• It will need a fundamental driver to break this current set up otherwise price action
will remain constrained going into the summer lull.
4. Inflation Outlook
• The US dollar continues to tread water ahead of this Friday’s US jobs report, a
monthly event that is closely watched by traders who continue to double
guess the Fed’s next move.
• While the inflation outlook – transitory or not – has been the main driver of the
US dollar over the last few months, Fed chair Powell recently reiterated the
central bank’s dual mandate of inflation and jobs, bringing this month’s jobs
report firmly into focus.
• Friday’s job’s release may well be the driver that gold needs to attempt a
range breakout.
6. Gold Trading Bias
• Retail trader data shows 81.72% of traders are net-long with the ratio of traders long
to short at 4.47 to 1.
• The number of traders net-long is 3.32% higher than yesterday and 6.97% lower
from last week, while the number of traders net-short is 0.50% lower than yesterday
and 1.43% higher from last week.
• We typically take a contrarian view to crowd sentiment, and the fact traders are net-
long suggests Gold prices may continue to fall.
• Positioning is more net-long than yesterday but less net-long from last week. The
combination of current sentiment and recent changes gives us a further mixed
Gold trading bias.
7. Gold Price Unchanged
• The price of gold is largely unchanged this week despite a lackluster US
Dollar.
• Last week, gold prices rallied after Fed Chair Jerome Powell tempered
hawkish expectations for tapering later this year.
• The Fed Chief cited the labor market specifically, which seemed to imply that
for now, inflation data will be thrown to the wayside.
• That makes sense after months of driving home the transitory narrative. Now
that the markets appear to have capitulated on that view, Fed commentary is
more keenly focused on jobs.
8. Gold Technical Forecast
• Gold prices are trading closely below the 200-day Simple Moving Average
(SMA).
• An area of congestion, which has affected prices on both the support and
resistance side, appears to be proving a degree of support currently.
• A bullish move would need to clear the 200-day SMA before moving higher. on
the downside, a major level could be the psychologically imposing 1800 level.
10. FOMC Monetary Policy Announcement
• Anti-fiat gold prices climbed over the past 24 hours following Wednesday’s FOMC
monetary policy announcement.
• The central bank left benchmark lending rates and the pace of quantitative easing
unchanged, as widely expected.
• The details of the statement, as well as Chair Jerome Powell’s press conference,
depressed the US Dollar and Treasury yields.
• When both the latter are falling, it tends to bode well for XAU/USD given that it is a
non-yielding asset.
• There was a kneejerk reaction to the Fed. Markets were initially spooked by the
statement as the central bank noted that the economy made progress to its
maximum employment and price stability goals.
• Policymakers noted that they are closer to tapering.
11. Central Bank Is Still Quite Dovish
• However, the mood quickly reversed course as it soon became clear that the
central bank is still quite dovish.
• Powell said that the labor market is ‘some ways off’ before reaching
substantial further progress.
• He reiterated that inflation is transitory.
• Treasury yields quickly turned lower as his commentary likely suggested that
tapering is still not quite around the corner just yet, opening the door to
optimal stock market conditions.
12. US Second-quarter GDP Is Due
• The first estimate of US second-quarter GDP is due over the coming 24
hours.
• Annualized growth is expected at 8.5% q/q from 6.4% prior.
• Atlanta’s Fed GDP Now Q2 real growth estimate has been notably trending
lower since April, currently standing at 6.4%.
• A softer-than-expected outcome could underscore the central bank’s
hesitation.
• If such a result depresses bond yields further, gold could continue benefiting.
13. Gold Technical Analysis
• Gold prices may be readying to extend recent gains after prices
recently pierced a near-term falling trendline from earlier this month
on the 4-hour chart below.
• This also follows positive RSI divergence, showing that downside
momentum was fading. Extending gains may see prices aim for the
July 15th high at 1834.
• That would also leave XAU/USD back above the 200-period Simple
Moving Average.
15. Gold Prices Pulled Back
• Gold prices pulled back to $1,812 during Monday’s APAC session as traders
awaited the US nonfarm payrolls report this week.
• The DXY US Dollar Index rebounded to 92.09, exerting downward pressure
on the yellow metal.
• Technically, gold prices may be forming a “Double Top” pattern after failing
to breach the 1,835 resistance for a second try.
• Immediate support levels can be found at 1,790 (neckline) and then 1,784 –
the 61.8% Fibonacci retracement. The MACD indicator is flattening,
suggesting that bullish momentum may be fading.
16. Fed’s Dovish Stance And Weaken The US
Dollar, Buoying Gold Prices
• Minneapolis Fed President Neel Kashkari said Sunday that the Delta variant
could keep some Americans from looking for a job, potentially harming the
labor market recovery. This puts Friday’s nonfarm payrolls report under the
spotlight, where a 900k rise is expected. A big miss may strengthen the Fed’s
dovish stance and weaken the US Dollar, buoying gold prices.
• Viral resurgence around the world also puts a question mark over the global
economic recovery, with many countries re-imposing stricter social-distancing
measures amid the rapid spread of the Delta variant strain. This may delay
other central banks’ plan to scale back pandemic-era stimulus efforts,
brightening the prospects for precious metals.
18. Gold Prices Are Testing Resistance
• At this point, Gold prices are testing resistance inside of the 1833.66 Fibonacci
level. That price also constitutes the six-week-high, as well as being the 50% marker
of the June sell-off.
• Overtaking this level could be a key signal as a breach above the 50% retracement
indicates a degree of nullification to the June sell-off, which was the worst monthly
performance in the yellow metal since November of 2016.
• A break above this level could be big for multiple reasons, key of which is the fact
that the fresh six-week-high that would come about would also be a degree of
nullification of that June sell-off.
• Above current prices, the next big zone of resistance runs from 1853-1859, and
along the way there’s a prior swing-low at 1843.90 that can function as a more
short-term area of nearby resistance.
