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[GVI Forex 2]

Trump due to speak to the media at 7.20pm US EST (0020 GMT)

[GVI Forex 2]

As I have been saying EU is on Trump’s tariff hit list.

Out earlier … another reason for a EURUSD gap

Newsquawk.com

[Mtl JP]

The Dummies
Canada, Mexico strike back with retaliatory tariffs on American goods hours after Trump’s executive action

Be time soon for President Trump to deliver second spanking for misbehaving to the raskals,
squish and squeeze until they squeal, make it hurt

[GVI Forex 2]

Beware of opening week gaps: USD (likely up), stocks (likely down).

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

Monday, the PMI manufacturing finals are expected to have no revisions from the flash across France, Germany, the Eurozone area, the United Kingdom and the United States. France is expected to post 45.3, Germany 44.1, Eurozone 46.1, the United Kingdom 48.2 and the United States 50.1.

Tuesday, US JOLTS are expected to have job openings pretty flat at 8.00 million in December.

Wednesday, the PMI composite is also expected to show no change in Germany. Germany’s composite is expected to be 50.1 and 52.5 for services while the United States PMI services is expected to be 52.8.

Thursday, the United Kingdom’s Bank of England is expected to announce a 25 basis point rate cut to 4.5 percent as the economy is stalling. Forecasters expect the BOE to signal more rate cuts ahead as the bank updates its economic forecasts.

Also, the United States productivity and costs first estimate for the fourth quarter is expected to show an annual gain of 1.8 percent compared with 2.2 percent in Q3. Unit labor costs are seen up 3.3 percent versus 0.8 percent in Q3.

Friday, Japan’s real household spending is forecast to post a fifth straight drop in December, down 0.3 percent on year, as flat growth in real wages amid elevated costs for food and other necessities continued squeezing consumers, following a 0.4 percent dip in November. Lower temperatures supported demand for winter clothing. Forecasts range widely from a 1.0 percent drop to a 1.5 percent gain. On the month, real average expenditures by households with two or more people are expected to fall 1.4 percent after edging up 0.4 percent in November, surging 2.9 percent in October and slumping 1.3 percent in September

Econoday

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

Monday, the PMI manufacturing finals are expected to have no revisions from the flash across France, Germany, the Eurozone area, the United Kingdom and the United States. France is expected to post 45.3, Germany 44.1, Eurozone 46.1, the United Kingdom 48.2 and the United States 50.1.

Tuesday, US JOLTS are expected to have job openings pretty flat at 8.00 million in December.

Wednesday, the PMI composite is also expected to show no change in Germany. Germany’s composite is expected to be 50.1 and 52.5 for services while the United States PMI services is expected to be 52.8.

Thursday, the United Kingdom’s Bank of England is expected to announce a 25 basis point rate cut to 4.5 percent as the economy is stalling. Forecasters expect the BOE to signal more rate cuts ahead as the bank updates its economic forecasts.

Also, the United States productivity and costs first estimate for the fourth quarter is expected to show an annual gain of 1.8 percent compared with 2.2 percent in Q3. Unit labor costs are seen up 3.3 percent versus 0.8 percent in Q3.

Friday, Japan’s real household spending is forecast to post a fifth straight drop in December, down 0.3 percent on year, as flat growth in real wages amid elevated costs for food and other necessities continued squeezing consumers, following a 0.4 percent dip in November. Lower temperatures supported demand for winter clothing. Forecasts range widely from a 1.0 percent drop to a 1.5 percent gain. On the month, real average expenditures by households with two or more people are expected to fall 1.4 percent after edging up 0.4 percent in November, surging 2.9 percent in October and slumping 1.3 percent in September

Econoday

[Rafe]

Buy bonds and if there is rate hike risk then switch to treasuries… it pays to have good money in them and keep turning them over for smaller gains but when the right stocks come along buy ’em… all in all… if that is not suitable then there is always BAT available at a throwaway valuation of @ 3197 and headed to double in value to target GBP 6515… or a profit of USD$6000 per share just for buying right and sitting tight…

Tobacco is not from China and cigars/cigarettes are not made in the “imperial dynasty” we call China… if they were then it would become another horse meat scandal… lol

[Rafe]

GVI Forex // February 2, 2025 at 2:07 pm #18884

Thats why I sayy… be calm… & buy bonds…

I have been saying this for ever and people thought I was crazy!!!… lol

Trading History has proven me right on all counts… Always has and always will…

[Rafe]

2025: I said and hinted in 2021//2022 that 2025 will be a geopolitical year.
Trump is inaugurated in 2025 and within 1 month of his inauguration places tariffs among other actions he has already taken to save his country from chimpanzees pondering their next moves … sitting on their hunches with hands on their heads until the wild gorilla comes along … they scamper up the trees screaming in fear … perhaps not so intelligent that Armageddon is close by watching silently and waiting for them to serve themselves to him as his next meal …

[GVI Forex 2]

A Warning for All Traders Trading Trump’s Tariff Market: Timely suggestion to all the traders out there:

[Mtl JP]

President Trump’s tariffs on

CHINA – over and abouve all kinds of impediments on already in place: 10%
MEXICO – 25%
CANADA – 25%

politicians of all by donald’s tariffs are screaming like a band of chimpanzees at sight of an approaching leopard

ON THE OTHER HAND:
WSJ opinion:
The Dumbest Trade War in History
Trump will impose 25% tariffs on Canada and Mexico for no good reason.

By The Editorial Board
5,567
January 31, 2025

[Mtl JP]

our current and still prime minister justin – maybe boy maybe girl – trudeau is to come out with a counter tit-for-tat tariff on american goods n services coming to canada iminnently this evening. donald trump has already indicated that IF trudeau dares to try to act tuff, tariff on canadian imports will be raised beyond the current 25%.

possible GAPS in the making at upcoming market open

[Mtl JP]

active week …. AND preferably volatile

“U.S. informs Canada tariffs will be imposed Tuesday
Across-the-board tariffs of 25% will be on most Canadian goods starting Tuesday, with 10% tariffs on energy, a source says” – globe and mail

[GVI Forex 2]

Another active week ahead

Newsquawk Week Ahead Highlights – 3rd-7th February

Newsquawk Highlights include US, Canada and NZ Jobs, US ISMs, BoE, EZ CPI, BoJ SOO, JMMC

Newsquawk Week Ahead Highlights – 3rd-7th February

[Rafe]

They have built some really big bridges and very very long roads from one side of the country to the other,.. they have put in new train rails and train services… They opened new airports… where they gonna get the money to maintain the infra? It’s like building a hotel and not having money to furnish it and pay for it’s upkeep… you need workers to maintain the infra… the lawns need to be mowed… etc…

They new scheme which does not allow for tax deductables so that means the rich pay for everything! and the poor get nothing because rich people’s taxes are used to foot the bill for maintenance of the government’s spending…!!

Case in point: Whenever the royals or dignitaries from other countries visit India the roads they travel on get paved over and everything that the dignitary will see with their own eyes does gets a fix-up and a thick coat of high quality paint but the rest of the state is chucked aside and everything is swept under the rug…

[Rafe]

According to my observations… India’s 2025 budget is simply a populist vote bank budget…  Any other government would not give such a huge tax threshold… An amount above 150K to 300K is taxable albeit at a lower rate of say 5%, and so on and so forth.

Now they gonna have big problems in coming years… That is something I can guarantee…

[Rafe]

According to me it is not a satisfactory budget… They could have narrowed the tax threshold and used a portion of the total collections to startup welfare schemes for the people esp. the elderly. Those collections also could be used to further equip government services in support of the welfare schemes or even given as a subsidy by the states in relevant cases… eg. Real life story 20+ years ago. My uncle had a heart attack and he had to be choppered to a hospital which was sufficiently equipped to deal with cases like his…

—–

From Tax Relief To Fiscal Policy: Budget 2025 Under 10 Minutes | FM Nirmala Sitharaman | N18V

(youtube) watch?v=XiqKnemTMsQ

[Rafe]

Mr. President//

By some accounts, Hell on Earth is located directly below Centralia, Pa.: Smoke rises from the cracked ground, smoldering sinkholes open without warning, and what is left of the town’s abandoned houses and surrounding woodlands is scorched and covered in a layer of smelly sulfur. Once a productive mining town in eastern Pennsylvania’s valuable anthracite coal region, Centralia has been reduced to a smoky ghost town, lacking even a zip code, by an underground coal fire that has been burning for nearly 50 years.

A new approach

Now, a commercial firefighting company, CAFSCO Fire Control, based in Fort Worth, Texas, has its sights set on Centralia. The company’s compressed nitrogen foam system — originally invented to combat forest fires — has been adapted to fight underground coal fires with much success.

“There are no limits to the types of mines or size of fire that we can put out,” says Lisa LaFosse, co-owner of CAFSCO. “We can fill up any mine with foam,” she says. Furthermore, adds Mark Cummins, founder and co-owner of CAFSCO, the company’s system is safer and more cost-effective than the tried-and-true technique of digging out the fires. “We can put out a fire at a tenth of the usual cost, and we don’t even have to see the fire to fight it,” he says. CAFSCO’s method would also allow for future mining of an area’s unburned coal seams, unlike digging out the fire.

https://www.earthmagazine.org/article/hot-hell-firefighting-foam-heats-coal-fire-debate-centralia-pa

[Rafe]

JP// All the best to you in your personal endeavors.

February 1, 2025 at 10:53 am
#18851
Reply
Mtl JP
Participant

Rafe… 7:22 “Then what?”

IF you and I think AND assess properly where the trading opportunities are

then we will get filthy rich
IF you do not object

[Mtl JP]

Rafe… 7:22 “Then what?”

IF you and I think AND assess properly where the trading opportunities are

then we will get filthy rich
IF you do not object

[Author]

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