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The US has not paid enough respect to China's military. Senior US officials of the Asia-Pacific command frequently show their intention to flex their muscles with arrogance. The Trump team also took a flippant attitude toward China's core interests after Trump's election win. Enhancing communication and mutual understanding is not enough. China must procure a level of strategic military strength that will force the US to respect it.
A China with or without the Dongfeng-41 is different to the outside world. That is the significance of the Dongfeng-41. We hope this strategic edge will be revealed officially soon. It will not bring the China Threat theory, but will only add authority to the People's Liberation Army.
While Trump has had a busy morning, dismantling Obama's (and Warren Buffett's) anti- Keystone pipeline legacy, and has hardly caught up with the latest news out of China, we are curious how the US president will react - either on Twitter or otherwise - to the knowledge that what until now was a diplomatic "war of words", has not so quietly spilled over into what appears to be another nuclear build up arms race. China Deploys ICBM System "In Response To Trump's Provocative Remarks" | Zero Hedge
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peace, love and joy to you
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Can you help answer these questions from other members on NexusFi?
JAPAN SURPLUS: Japan posted a trade surplus in 2016, its first in six years, as lower oil prices pulled imports lower, the government reported Wednesday. A jump in exports to China and other Asian countries late in the year also helped turn the balance to black. The 4.1 trillion yen ($35.8 billion) surplus compared with a 2.8 trillion yen deficit in 2015. Exports fell 7.4 percent from a year earlier to 70.04 trillion yen ($617 billion) while imports dropped 16 percent to 66 trillion yen ($581 billion).
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This afternoon I worked on a new formula for days like today - even though I don't trade NR days.
This gives: Narrow rng day estimate:
2295.50 2285.75 NR-no trading
2295.50 2287.00 actual H/L
So this formula uses FP and the est range - and will be off by the error of the est rng to the actual rng.
However, the key here is that with a FP forming the HE one would be short from the FP and then one can exit with indicators at the correct time - that is not stay in the trade waiting for an estimated low. This is OK because on a narrow range day you may not CAR - simply close the books at the SE.
Today the switch for dir was only 0.25 so essentially flat. I also added some logic to not use this switch when it is less than 1.0 counting anything less than this as flat and to use a combination of other switches for dir.
This modification gives
"The estimated main direction of the day is down"
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Abrreviations:
FP = First Point
HE = High end
SE = Second end
CAR = close and reverse
NR = narrow range (<12pts for ES)
dir = direction of the day from HOD to LOD or vice versa
Benchmark for UUP
DB LONG US DOLLAR INDEX FUTURES INDEX
The Index is a rules-based index composed solely of long USDX futures contracts. The USDX futures contract is designed to replicate the performance of being long the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
Fund Summary for UUP
POWERSHARES DB US DOLLAR BULLISH FUND
It is based on the Deutsche Bank Long US Dollar Index Futures Index. The USDX futures contract is designed to replicate the performance of being long the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
I think this is important
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"One line stands out: “This is unacceptable”. The preceding paragraph tears into the Fed’s secret negotiations with foreign bureaucrats, “without transparency, accountability, or the authority to do so.”
McHenry Warns Yellen – Letter Excerpts
“I am writing regarding the Federal Reserve’s continued participation in international forums on financial regulation. Despite the clear message delivered by President Donald Trump in prioritizing America’s interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so.”
Moreover, the letter seeks a comprehensive review of past agreements with the Financial Stability Board, Basel, and the International Association of Insurance Supervisors that “unfairly penalized the American financial system”.
The letter blasts “secretive structures” and “opaque decision-making” processes of the Fed. The letter then finishes with a final warning:
“It is incumbent upon all regulators to support the U.S. economy, and scrutinize, international agreements that are killing American jobs. Accordingly, the Federal Reserve must cease all attempts to negotiate binding standards burdening American business until President Trump has had an opportunity to nominate and appoint officials that prioritize America’s best interests.”
There is nothing like certainty in Forex, we traders are doing our trading job based on probability! By the way, for knowledgeable traders the percentage of probability is much higher! On the other hand, who traders are trying to make here 100% profit end of the day they lose everything here, 100% is not possible in Forex!
There is not a lot of detail here but it seems worrisome.
the banks trading brought on the 2007-2009 crash - are they going to be allowed to do it again?
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"As previewed earlier today, moments ago President Trump signed two executive orders aimed at starting the process of rolling back the regulatory system put in place after the financial crisis.
Among the targets are rules that:
protect against predatory lenders,
force brokers to lower fees for retirees and
ban proprietary trading.
Specifically, Trump took executive action ordering the review of Dodd-Frank rules enacted after 2008 financial crisis, and