wisepowder's blog
Among the various uncertainties in the global financial markets,
Brexit negotiations and the US presidential election are the most
concerned. In terms of Brexit, it is reported that the UK government
will officially withdraw from negotiations with the EU if a deal isn't
achieved this week. The British government has repeatedly stressed the
seriousness of the statement, with a deadline of October 15 (this
Thursday) set by Prime Minister Johnson. While both sides have
acknowledged they are at loggerheads, Johnson indicated that the
country's trading arrangements with the EU would be like Australia's if
no deal was reached.To get more news about WikiFX, you can visit wikifx official website.
Johnson's Internal Market Bill, which has passed its third reading in
the Commons, is aimed to be an incentive for the EU to make
concessions. But the Bill is a violation of the Brexit agreement signed
earlier. The EU thus intends to take Britain to the International Court
of Justice (ICJ). With that said, I believe the impasse can hardly find a
break since the UK has tried to get concessions from the EU by breaking
international law, and since the EU will be determined to sue the UK
for the unacceptable illegal means. The pound may see a wide drop under
selling pressures once the EU takes the UK to the ICJ immediately after
the British government announces its withdrawal from the negotiations
this Thursday.
In terms of the US presidential election, Trump failed to chalk up
sympathy votes by his speedy recovery from COVID-19. Besides, his
approval ratings haven't received any upside despite Vice President
Pence's average performance in the television debate against another
candidate. In this case, Trump is likely to fight back with unusual
tactics, which may raise the uncertainty in the market and sentiment. As
a result, the US dollar will have a chance to rally bolstered by the
lasting risk aversion. Conversely, the pound may be dragged down by
Brexit uncertainties. In the following week, the selling of the pound
may be enduring unless Johnson dramatically makes significant
concessions to resolve the crisis of hard Brexit. But in my opinion, to
break the deadlock is difficult because the purpose of Johnson's
Internal Market Bill is to force the EU to make concessions rather than
doing so himself.
After the EU‘s chief negotiator Michel Barnier had a 12-hour tunnel
talk with the UK last Friday, British Prime Minister Boris Johnson’s
official spokesman stated that although some progresses had been made,
it is a pity that both sides did not reach an agreement due to some
divergences. The EU hoped that the UK can make more concessions to reach
the trade agreement that has been discussed for a long time.To get more
news about WikiFX, you can visit wikifx official website.
The financial market seems to believe that both sides will reach an
agreement, which brought a continuous rebound sterling. Hence, GBP/USD
rallied to 1.3049 from 1.2675 recorded on September 23th, showing no
worry about the UKs hard brexit in the financial market. Johnson said
last week that according to an ultimatum, if the agreements are not
likely to be reached before October 15th, the UK will terminate the
negotiation completely and plan to brexit without trade agreements.
It is believed that the EU will file a suit against the UK on its
internal market bill, so more attention should be paid in the next few
days. And sterling is supported by the easing atmosphere in the
negotiation. If sterling keeps rebounding, there would be a dramatic
turning point that the final trading agreement is signed between the UK
and EU. However, be careful that the good news may bring more attention
in addition to some risks. The latest economic data released by the UK
seems very bad, and its future data is expected to be worse due to the
second round of COVID-19 outbreak.
Therefore, the Bank of England
is more likely to impose negative interest rates or strong quantitative
easing. It is estimated that some senior traders will seize the chance
to sell in the market, and sterling may drop from a high level under the
pressure. If the good news comes, sterling may challenge the upward
resistance level of 1.3186-1.3267. So investors should be careful about
buying at the level area. Meanwhile, sterling is set to fall to the
level of 1.28 due to the possible hype based on the negative news in the
market.
As the U.S. presidential election approaches, Democratic candidate
Biden has outperformed Trump in approval rating by 17%, indicating Trump
appears to be a busted flush. Analyses and speculations about various
financial trends after Biden takes office have been raging markets. From
my point of view, Biden will raise taxes significantly, which may boost
the greenback at the expense of U.S. stocks in the short term. All of
that said, however, there are few analyses about the impact of
Democrats' return on oil prices.To get more news about WikiFX, you can visit wikifx official website.
Notoriously, the Democrats have policies relatively directed against
Russia. Thus it is expected that the U.S.-China relations will be
improved at the expense of the U.S.-Russian relations after the
Democrats come to power. Biden's antipathy to Russia was evident during
the first televised debate — he slammed Trump as Putin's puppy. One of
the reasons for such antipathy is the Russiagate scandal. The Democrats
have been arguing the Russian meddling in the presidential election four
years ago, and they may avenge Hillary's defeat once they return to
power.
The best way for the U.S. to go against Russia is to keep oil prices
low, so as to weaken its economy by prevent it making profits from oil.
In early 2014, Russia attacked the eastern Ukraine, and soon afterwards,
at the end of July, Obama and the EU jointly announced economic
sanctions against Russia, mainly hampering the country's oil, military
and financial sectors. Oil prices plunged to $26 from $102 in the wake
of the news. Now that Belarus is experiencing political turbulence with
the support from Russia, it is expected that Biden will take advantage
of the situation to battle with Russia after he takes office. In
addition, as Biden stands a good chance of rejoining in the Iran nuclear
deal, the tension in the Middle East will ease off, which also
penalizes oil prices.
Moreover, possible vaccines are still the
focus of the market because oil prices may swell once vaccines get
flights back on track. On August 10, gold prices slumped by $166 amid
the news that Russia registered its vaccine. Such an upbeat news,
however, trimmed oil from $43 to $36.1 rather than sending it drastic
upsides. I believe the retaliatory rally in oil prices from -$40 to
$43.78 is actually a reflection for this account. Therefore, oil prices
may not see further rally even hearing the news of economic recovery and
resumed flights amid available vaccines. Conversely, oil prices should
also be uninspiring even the U.S. policies towards Russia turn extremely
hawkish after the Democrats return to power.
The winning numbers for the Saturday, Nov. 28, drawing were: 08, 12, 18, 44, and 51. The Red Power Ball number was 18. The Multiplier number was 02.
More than 26,100 New Jersey players took home an estimated $136,141 in prizes ranging from $4 to $200. The Powerball jackpot rolls to $231 million for the next drawing to be held on Dec. 2.It's worth noting how much the group has invested in the tickets. One store manager told ABC News that one woman in the group would text her asking how many books of scratch-off tickets she had before coming to the store and buying them all. An ABC News estimate shows the group could have spent more than $2 million total just buying tickets.
The lottery buying group is linked to Black Swan Capital, LLC, a company found by Montori.
Star investigative reporter Tim Evans theorized the group could write the gambling losses off through their taxes as an expense of doing business through purchasing tickets.
The Texas Lottery posted on social media on Sunday morning that the winning ticket for last night’s drawing was sold in El Paso.According to the Texas Lotto website, the winning ticket was sold at the 7-Eleven at 1733 Brown St. on El Paso’s west side. It was the only winning ticket in Saturday’s drawing with six out of six winning numbers.
The cash value option was selected at the time of purchase and the claimant will receive $7,637,969.88 before taxes. The prize has not yet been claimed. The winner has 180 days from the draw date to claim the prize.
“We look forward to meeting the latest Lotto Texas jackpot winner,” said Gary Grief, executive director of the Texas Lottery. “If you have the winning ticket, we encourage you to sign the ticket, put it in a safe place, seek financial and legal advice, and call the Texas Lottery before coming to Austin to claim the prize.”