Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
It is rather interesting to see what asset was considered safe haven during Brexit (based on price rise)
1) Silver
2) Gold
3) T Bonds
4) Yen
5) US $
6) Swiss Frank (-2.7%)
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
German economists’ assessment of economic sentiment in Germany has plunged to the lowest level since 2012 amid concerns over “export prospects and the stability of the European banking and financial system” in the wake of the UK’s vote to leave the EU.
The German economic sentiment index dived to minus 6.8, down from 19.2 in June and well below economists’ forecasts of a positive reading of 9. This month’s reading is the lowest level since November 2012, and the second largest month-on-month decline of the last 16 years, topped only in 2012.
The index tracking the current assessment of business conditions in Germany fell to 49.8, down from 54.5 in June, according to the closely watched survey conducted by the German ZEW think tank. This was below forecasts of a reading of 51.8.
The assessment of eurozone economic sentiment fell to minus 14.7, down from 20.2 in June. This month’s reading was the biggest monthly drop ever.
ZEW President Professor Achim Wambach placed the responsibility for the sharp deterioration squarely on the shoulders of the Brexit vote.
I am acutely aware of the fact that I keep posting only 'doom-and-gloom' articles about Brexit.
The fact is, whether it's mainstream media narrative or not, I can't seem to come across many article casting any positive effects of Brexit from a macroeconomic standpoint.
Granted, given where Cable is, and given the negative outlook at the moment, there won't be too many positive spins on this, I get that.
But to completely ignore that there will be some positive sides as well (which I'm sure there are, it's only a matter of finding them) seems puzzling to me.
English people will welcome tourists more warmly soon as they can't afford to leave themselves. They will appreciate stories of the outside world from foreigners.
Sucks for me as again today (well yesterday) I missed a good chance to move my remaining £ cash to Colombia.
Its extremely difficult to determine or project positive or negative macroeconomic outcomes at this early stage. There were several medium to longer term quite detailed brexit reports in the months leading up to the vote, but they focussed almost exclusively on the impact upon the UK economy and the variations were enormous and very dependent upon the type of trade arrangements the UK makes both with europe and around the globe, together with the increase or reduction in UK business regulations and red tape implemented by the current and future governments. So they really weren't very useful at all...
The level of chaos and disruption that just about every major financial, business and political figure or institution warned of has not come about. The IMF projected a UK recession, the UK chancellor threatened an emergency budget, etc. Both have since retracted those predictions. The IMF has this week reduced its UK GDP forecast by 90bps, to 1.3% which is certainly a large one-step reduction, but does not project a recession. And its forecast for the UK over the next 1-3 years is higher than those it's made for Germany, France and Italy. The initial liquidity crisis also failed to materialise. Next quarter's UK GDP will be a huge focus of attention.
I think the larger negative outcomes may well come from within the euro zone itself, via the italian banking crisis and the raft of national referenda demanded by a number of nations on a variety of topics. The Italian referendum on whether to keep the euro currency will be the next major test for the federal EU political integration project.
It's still very early days and nothing much will change in terms of brexit as the negotiations inevitably drag on, but here's some positive stories you've missed to cheer us all up while we watch it all unfold!
Thanks bebop - Not wanting to get into an argument with anyone but Daily Express is not really a source I consider reliable, to put it mildly, and neither is the Daily Mail come to that.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
I had this exact discussion with my parents last night. They said something on the same lines, "look at all the doom and gloom that was predicted and none of it has come true" to which I replied "Yet!"
At this point all that has happened is that the UK has a referendum. They haven't left Europe Union, they haven't even agreed to leave the Union, in fact one of the few things they have agreed is that they won't be leaving the Union in 2016.
So with regards to all the "doom and gloom" I think it's a little early to say. Lets see what the situation is 18 months after they actually leave, rather than 4 weeks after a referendum which so far hasn't changed anything yet.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Gotta say I think this has been an excellent thread. Lot of information and open discussion, without the bias's and phobia's that often accompany a discussion like this. Thanks All.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
Nice work on this post. Mature view point IMHO.
We are organic beings. Obviously, like so many other things in this world. For example, when a tree starts to die it doesn't happen in a short time period like a week or month unless it's some violent event i.e. Tornado, fire... but even if its ripped out from the ground it's not dead that instance.
IMHO the affects will materialize over the course of years. Separateness was a condition of the past. Talking hundreds and thousands of years ago here. Today in this day, we have a much greater understanding that we are all on this relatively small planet together (as opposed to thousands of years ago) enjoying photographs from space of our home (witchcraft 700 yrs ago...lol). We enjoy the fruit of mankind's maturity with instant communication, easy of travel, (yes some 3rd world countries don't yet have some of this and shame on us (humanity) how many geniuses are left untrained never to reach their potential) great medical advancements (transplanted hearts etc) shelter and comfort from the extremes of natures season etc etc.
At some point in the distant futures we will look back at ourselves as a unified world and marvel at our development witnessing histories immature moments.
Ron
Edit: grammar
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)