Palladium catches up with gold first time since 2002 |
Recently, palladium has surprised investors. Its price neared gold for the first time in past 16 years. Some market participants have never seen such an unusual occurrence. By the way, prices for stock futures almost equaled while the spot palladium went even further, reaching nearly the same level as gold.
Palladium started rising in October when experts noted a shortage of supply in the market which still persists. Then, a snowball effect was triggered. The deficit led to an increase in demand, and consequently, a rise in prices which, in its turn, entailed speculations. As a result, in early December the spot palladium hit the record high at 1,230.90 dollars per troy ounce. Moreover, palladium prices rose even above gold prices on the intraday basis. “For the moment, we don’t see anything changing; the metal remains in demand for industrial uses, speculators are covering their positions, lease market is very tight, and palladium forwards are in backwardation. We could see some higher prices from here in the very short term,” expert in precious metals Jonathan Butler said.
Palladium is still widely used for industrial purposes, and the speculating volume is likely to increase even more. Overall, the year of 2018 is going to be very good for the metal. Palladium is the only asset among precious and industrial metals that has been showing great performance so far this year.
Read more: https://www.mt5.com/forex_humor/image/39164
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Метки: #forex_caricature |
Palladium catches up with gold first time since 2002 |
Recently, palladium has surprised investors. Its price neared gold for the first time in past 16 years. Some market participants have never seen such an unusual occurrence. By the way, prices for stock futures almost equaled while the spot palladium went even further, reaching nearly the same level as gold.
Palladium started rising in October when experts noted a shortage of supply in the market which still persists. Then, a snowball effect was triggered. The deficit led to an increase in demand, and consequently, a rise in prices which, in its turn, entailed speculations. As a result, in early December the spot palladium hit the record high at 1,230.90 dollars per troy ounce. Moreover, palladium prices rose even above gold prices on the intraday basis. “For the moment, we don’t see anything changing; the metal remains in demand for industrial uses, speculators are covering their positions, lease market is very tight, and palladium forwards are in backwardation. We could see some higher prices from here in the very short term,” expert in precious metals Jonathan Butler said.
Palladium is still widely used for industrial purposes, and the speculating volume is likely to increase even more. Overall, the year of 2018 is going to be very good for the metal. Palladium is the only asset among precious and industrial metals that has been showing great performance so far this year.
Read more: https://www.mt5.com/forex_humor/image/39164
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Метки: #forex_caricature |
Seven oldest jewelery in the world |
Since ancient times, women of the whole world have been looking for ways to become more attractive. Modern representatives of the fair sex can please themselves with a variety of jewelry products for every taste and budget. However, women of the ancient world had to use not only precious stones and metals in an effort to beautify themselves. In our photo gallery, you can look at the most ancient pieces of jewelry that archaeologists of the world have managed to find.
From time immemorial, women of the whole world have been striving to beautify themselves not only with the help of cosmetics but also with the help of jewelry. Modern women can find all forms of jewelry almost everywhere. But women who lived long before us have always found opportunities to make themselves more attractive. Let’s take a stroll down a jewelry memory lane and discover the 7 oldest pieces in the entire world.
The Neanderthal Jewelry from Croatia
Archaeologists who excavated in the caves of Croatia managed to find that Neanderthals learned how to make jewelry 130,000 years ago, long before this art was mastered by our ancestors Cro-Magnons. Scientists were able to dig up not only spears, hand axes and all sorts of working tools and instruments but also some semblance of jewelry made from claws of sea eagles, aggressive birds of prey, quite rare in the mountains of Croatia.
Judging by the age of the claws, these necklaces are the oldest specimen of jewelry made by Neanderthals.
Nassarius Snail Beads
A pendant made from shells of a sea snail called Nassarius is also one of the oldest jewelery in the world. In the summer of 2017, a team of archaeologists managed to discover thirteen similar beadwork across the African continent, with the oldest examples found in Morocco, dated to some 80,000 years ago.
Shells have holes for a string, and there are remnants of mural made with red ocher. Currently, artifacts are stored at Oxford University.
Ostrich Shell Beads of Kenya
Such necklaces were first found in the site of Enkapune Ya Muto, translated as the Twilight Cave, in Kenya. This place on the Mau hill is considered an archaeological monument of the Upper Paleolithic era. The ornament found here, made from drilled ostrich egg shells, is believed to be 40,000 years old and are among the oldest in the world.
Similar pieces of jewelry were found in the Diepkloof Rock Shelter in South Africa. Scientists suggest that they are even older, 70-75 thousand years.
Denisovan Stone Bracelet
In 2008 on an excavation site in the Altai region of Siberia, a small bone fragment was found among some of the human remains. At first, scientists could not establish the nature of this artifact: these two fragments 2.7 centimeters wide and a little less than a centimeter thick remained unidentified.
And only after many examinations, English scientists not only determined that this jewelry was a bracelet, but also indicated its age, at least 40 thousand years.
The Gold Riches of Varna
The Varna burial ground, accidentally discovered in 1972 in the industrial part of the Bulgarian city of Varna, is now considered one of the most important archaeological monuments of prehistoric Europe. During the construction work, the workers found several brilliant objects in the excavator bucket. Then it became clear that they were gold jewelry and fragments of ceramic products.
In total, 294 graves, more than 3 thousand gold objects with a total weight of over kg, a variety of copper objects, more than 600 ceramics (including gilded), as well as high-quality flint and obsidian blades and ornaments were found in the Varna necropolis of the 5th millennium BC.
Glasswork of Egypt
Egypt is the center of one of the ancient civilizations and an inexhaustible storehouse of wealth for modern archeology. The tradition that was carried on and on by the goldsmiths of Egypt was responsible for the Tutankhamun’s burial mask, the bust of Nefertiti, the golden capstone of the Pyramid of Giza, and many other notable wonders.
According to archaeological reports, glass jewelry and precious objects were made almost 5 thousand years ago in Egypt. At that time, not only women but also men worn jewelry, like rings, bracelets, necklaces, tiaras, medallions and much more.
Mesopotamian jewelry
As in Egypt, in Mesopotamia, jewels were popular not only among women. Pieces of jewelry were worn by men and even children. Every member of society, regardless of class and race, wore decorative objects or amulets, which, unlike in other ancient civilizations, were not an attribute of only royal figures.
Thus, jewelry production in Mesopotamia was developed to the highest standards, and craftsmen working with precious metals (gold, copper, silver) and stones (carnelian, jade and lapis lazuli) in special guilds were controlled by the government.
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Метки: #photo_news |
Seven oldest jewelery in the world |
Since ancient times, women of the whole world have been looking for ways to become more attractive. Modern representatives of the fair sex can please themselves with a variety of jewelry products for every taste and budget. However, women of the ancient world had to use not only precious stones and metals in an effort to beautify themselves. In our photo gallery, you can look at the most ancient pieces of jewelry that archaeologists of the world have managed to find.
From time immemorial, women of the whole world have been striving to beautify themselves not only with the help of cosmetics but also with the help of jewelry. Modern women can find all forms of jewelry almost everywhere. But women who lived long before us have always found opportunities to make themselves more attractive. Let’s take a stroll down a jewelry memory lane and discover the 7 oldest pieces in the entire world.
The Neanderthal Jewelry from Croatia
Archaeologists who excavated in the caves of Croatia managed to find that Neanderthals learned how to make jewelry 130,000 years ago, long before this art was mastered by our ancestors Cro-Magnons. Scientists were able to dig up not only spears, hand axes and all sorts of working tools and instruments but also some semblance of jewelry made from claws of sea eagles, aggressive birds of prey, quite rare in the mountains of Croatia.
Judging by the age of the claws, these necklaces are the oldest specimen of jewelry made by Neanderthals.
Nassarius Snail Beads
A pendant made from shells of a sea snail called Nassarius is also one of the oldest jewelery in the world. In the summer of 2017, a team of archaeologists managed to discover thirteen similar beadwork across the African continent, with the oldest examples found in Morocco, dated to some 80,000 years ago.
Shells have holes for a string, and there are remnants of mural made with red ocher. Currently, artifacts are stored at Oxford University.
Ostrich Shell Beads of Kenya
Such necklaces were first found in the site of Enkapune Ya Muto, translated as the Twilight Cave, in Kenya. This place on the Mau hill is considered an archaeological monument of the Upper Paleolithic era. The ornament found here, made from drilled ostrich egg shells, is believed to be 40,000 years old and are among the oldest in the world.
Similar pieces of jewelry were found in the Diepkloof Rock Shelter in South Africa. Scientists suggest that they are even older, 70-75 thousand years.
Denisovan Stone Bracelet
In 2008 on an excavation site in the Altai region of Siberia, a small bone fragment was found among some of the human remains. At first, scientists could not establish the nature of this artifact: these two fragments 2.7 centimeters wide and a little less than a centimeter thick remained unidentified.
And only after many examinations, English scientists not only determined that this jewelry was a bracelet, but also indicated its age, at least 40 thousand years.
The Gold Riches of Varna
The Varna burial ground, accidentally discovered in 1972 in the industrial part of the Bulgarian city of Varna, is now considered one of the most important archaeological monuments of prehistoric Europe. During the construction work, the workers found several brilliant objects in the excavator bucket. Then it became clear that they were gold jewelry and fragments of ceramic products.
In total, 294 graves, more than 3 thousand gold objects with a total weight of over kg, a variety of copper objects, more than 600 ceramics (including gilded), as well as high-quality flint and obsidian blades and ornaments were found in the Varna necropolis of the 5th millennium BC.
Glasswork of Egypt
Egypt is the center of one of the ancient civilizations and an inexhaustible storehouse of wealth for modern archeology. The tradition that was carried on and on by the goldsmiths of Egypt was responsible for the Tutankhamun’s burial mask, the bust of Nefertiti, the golden capstone of the Pyramid of Giza, and many other notable wonders.
According to archaeological reports, glass jewelry and precious objects were made almost 5 thousand years ago in Egypt. At that time, not only women but also men worn jewelry, like rings, bracelets, necklaces, tiaras, medallions and much more.
Mesopotamian jewelry
As in Egypt, in Mesopotamia, jewels were popular not only among women. Pieces of jewelry were worn by men and even children. Every member of society, regardless of class and race, wore decorative objects or amulets, which, unlike in other ancient civilizations, were not an attribute of only royal figures.
Thus, jewelry production in Mesopotamia was developed to the highest standards, and craftsmen working with precious metals (gold, copper, silver) and stones (carnelian, jade and lapis lazuli) in special guilds were controlled by the government.
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Метки: #photo_news |
Seven oldest jewelery in the world |
Since ancient times, women of the whole world have been looking for ways to become more attractive. Modern representatives of the fair sex can please themselves with a variety of jewelry products for every taste and budget. However, women of the ancient world had to use not only precious stones and metals in an effort to beautify themselves. In our photo gallery, you can look at the most ancient pieces of jewelry that archaeologists of the world have managed to find.
From time immemorial, women of the whole world have been striving to beautify themselves not only with the help of cosmetics but also with the help of jewelry. Modern women can find all forms of jewelry almost everywhere. But women who lived long before us have always found opportunities to make themselves more attractive. Let’s take a stroll down a jewelry memory lane and discover the 7 oldest pieces in the entire world.
The Neanderthal Jewelry from Croatia
Archaeologists who excavated in the caves of Croatia managed to find that Neanderthals learned how to make jewelry 130,000 years ago, long before this art was mastered by our ancestors Cro-Magnons. Scientists were able to dig up not only spears, hand axes and all sorts of working tools and instruments but also some semblance of jewelry made from claws of sea eagles, aggressive birds of prey, quite rare in the mountains of Croatia.
Judging by the age of the claws, these necklaces are the oldest specimen of jewelry made by Neanderthals.
Nassarius Snail Beads
A pendant made from shells of a sea snail called Nassarius is also one of the oldest jewelery in the world. In the summer of 2017, a team of archaeologists managed to discover thirteen similar beadwork across the African continent, with the oldest examples found in Morocco, dated to some 80,000 years ago.
Shells have holes for a string, and there are remnants of mural made with red ocher. Currently, artifacts are stored at Oxford University.
Ostrich Shell Beads of Kenya
Such necklaces were first found in the site of Enkapune Ya Muto, translated as the Twilight Cave, in Kenya. This place on the Mau hill is considered an archaeological monument of the Upper Paleolithic era. The ornament found here, made from drilled ostrich egg shells, is believed to be 40,000 years old and are among the oldest in the world.
Similar pieces of jewelry were found in the Diepkloof Rock Shelter in South Africa. Scientists suggest that they are even older, 70-75 thousand years.
Denisovan Stone Bracelet
In 2008 on an excavation site in the Altai region of Siberia, a small bone fragment was found among some of the human remains. At first, scientists could not establish the nature of this artifact: these two fragments 2.7 centimeters wide and a little less than a centimeter thick remained unidentified.
And only after many examinations, English scientists not only determined that this jewelry was a bracelet, but also indicated its age, at least 40 thousand years.
The Gold Riches of Varna
The Varna burial ground, accidentally discovered in 1972 in the industrial part of the Bulgarian city of Varna, is now considered one of the most important archaeological monuments of prehistoric Europe. During the construction work, the workers found several brilliant objects in the excavator bucket. Then it became clear that they were gold jewelry and fragments of ceramic products.
In total, 294 graves, more than 3 thousand gold objects with a total weight of over kg, a variety of copper objects, more than 600 ceramics (including gilded), as well as high-quality flint and obsidian blades and ornaments were found in the Varna necropolis of the 5th millennium BC.
Glasswork of Egypt
Egypt is the center of one of the ancient civilizations and an inexhaustible storehouse of wealth for modern archeology. The tradition that was carried on and on by the goldsmiths of Egypt was responsible for the Tutankhamun’s burial mask, the bust of Nefertiti, the golden capstone of the Pyramid of Giza, and many other notable wonders.
According to archaeological reports, glass jewelry and precious objects were made almost 5 thousand years ago in Egypt. At that time, not only women but also men worn jewelry, like rings, bracelets, necklaces, tiaras, medallions and much more.
Mesopotamian jewelry
As in Egypt, in Mesopotamia, jewels were popular not only among women. Pieces of jewelry were worn by men and even children. Every member of society, regardless of class and race, wore decorative objects or amulets, which, unlike in other ancient civilizations, were not an attribute of only royal figures.
Thus, jewelry production in Mesopotamia was developed to the highest standards, and craftsmen working with precious metals (gold, copper, silver) and stones (carnelian, jade and lapis lazuli) in special guilds were controlled by the government.
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Метки: #photo_news |
Pound hits fresh low |
The problematic withdrawal from the European Union, disagreements in the government and a slowdown in the global econom weigh heavily on the pound. The currency plunged to a fresh 18-month low against the US dollar after the House of Commons voted by a majority to investigate the issue of disrespect of the Cabinet of Ministers to the legislature.
Internal disputes between the parliament and the government are not the best support for any currency. The results of this vote are an important political indicator, and it signals a danger. On the eve of the most important discussion in the Parliament about the Brexit deal between London and Brussels, Theresa May’s government does not have the necessary majority in the House of Commons. Thus, the voting results are unpredictable. If lawmakers do not ratify the deal, the pound will fall again. Opening the debate before the vote, Theresa May said that Brexit should not split the country into two camps.
The British Prime Minister said that they will be able to take advantage of this moment [withdrawal from the EU] only if they are able to implement such a Brexit that will unite the country.
This means that the protection of simplified trade relations, timely support of the supply chains and jobs that depend on them, security cooperation, the progress the country has achieved with regard to Northern Ireland, and the rights of citizens in the UK and throughout the European Union will be provided.
Read more: https://www.mt5.com/forex_humor/image/39174
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Метки: #forex_caricature |
Internship in large company: top 10 options |
An internship in large companies is a common practice all over the world, when young people without experience work in a company and at the same time receive little money. Such work allows them to look at all the processes from the inside and understand what prospects it opens up. Most places for internship are offered by American companies mainly working in the field of IT.
The experts of the Vault platform, a site for finding jobs and careers, analyzed over 120 companies and their internship programs. In addition, they interviewed more than 13 thousand interns. Based on the study, a ranking of companies that offer the most profitable internships was compiled. Here is Top 10 Vault Internship Rankings-2019 in our photo gallery.
The Walt Disney Company
The company offers an average salary of $16 per hour.
The advantages of such an internship in addition to excellent professional prospects are the opportunity to look behind the scenes of the world of Disney. The company suggests internships to various specialists: animators, PR-managers, and marketers. Sometimes only English is required.
SpaceX
Interns in the company receive an average of $26 per hour. Those who have completed the practice in SpaceX, note that it was not easy, but it gives a great experience which helps to survive the difficulties.
Many interns said they felt they were doing important work that could change the world.
J.P. Morgan
Interns perform the same duties as employees of the company, thanks to which they gain vast experience in a company of this level. The average salary is $25 per hour.
Amazon
In the company, conditions for social and professional development are created for the interns. During the internship, they get a lot of responsibilities that allow them to gain a lot of experience.
During this internship interns are paid an average of $6,100 per month.
Goldman Sachs
According to interns, an internship at Goldman Sachs can be very tedious and difficult. But the company compensates for the cost of meals, offers tickets for concerts and other events. In addition, the experience and salary of $5,700 per month are worth all the effort.
Facebook
In addition to $8,000 per month, interns are also provided with accommodation and free weekend entertainment. And besides, every intern has a mentor who helps working on the project.
Tesla
Despite the low average salary, $26 per hour, the company got in this list for a good reason. Interns say that they have gained invaluable experience in a smart, kind team, and also learned how Tesla employees work.
Microsoft
According to interns, the internship in this company is ideal in the balance of work and rest. In addition, the company subsidizes the payment of housing, and interns receive a scholarship.
The average salary is $7,100 per month.
Apple
Interns say the internship in this company has two main advantages. First of all, these are meetings with company CEO Tim Cook (only for interns). And the second one is free housing.
The salary on average is $5,000 per month.
And Google is famous among interns for its high salary, $7,000 per month, and reimbursement for housing and travel expenses.
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Метки: #photo_news |
10 signs the US economy is on brink of collapse |
A few months ago, many experts said that the US economy is booming, but now the situation is beginning to change rapidly, and many economists are beginning to sound the alarm. Information appears in the media that company stocks are falling, real estate sales have declined, car sales are also slowing, and the middle class is declining, etc.
Experts note that a similar situation was observed in 2008. Many of them fear that the impending crisis will be worse than the previous one. Below we describe 10 signs that the US is facing serious economic problems.
Since there is a decline in economic activity in the United States, oil consumption grows, and consequently, demand for it and prices. The decline in the cost of WTI oil, observed in the last 12 days, is of concern to experts. The cost of a barrel of oil dropped to $51.69, the minimum of October last year.
According to a recent survey, only 13% of Americans plan to buy property next year. This indicator is reduced three quarters in a row. Over the past 12 months, it has decreased by half.
As the real estate market stagnates, the number of unsold homes across the country is growing every day.
For example, the number of unsold single-family homes in October jumped by 86% compared to the same period last year.
According to Bank of America, the most “bearish” sentiment is prevailing among fund managers around the world since 2008. According to a survey, 44% of fund managers expect a decrease in global economic growth next year. The most pessimistic forecast since November 2008. In addition, experts expect a slowdown in China's economy next year, which also raises their concerns.
America's retail market also continues to show deterioration. According to Bloomberg, some retailers are doing so badly that they return rented space to landlords before the lease expires. An example is Sears Holdings Corp.
Despite the unfolding trade war with China, the US trade deficit with other countries of the world will reach a historic high by the end of this year.
A recent study showed that the average wage of about 62% of US jobs do not pay enough to support the middle class.
Another survey among Americans showed that the majority of American citizens today do not have the so-called financial airbag.
According to the data, 58% of respondents have savings of less than $1,000.
Currently, more than 50% of children in the United States live in families that receive certain types of material support from the US federal government.
And what is most dramatic, more and more Americans are on the street having lost their homes for one reason or another. Currently, more than 500 thousand residents of US cities are homeless, and this number is constantly growing.
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Метки: #forex_caricature |
10 signs the US economy is on brink of collapse |
A few months ago, many experts said that the US economy is booming, but now the situation is beginning to change rapidly, and many economists are beginning to sound the alarm. Information appears in the media that company stocks are falling, real estate sales have declined, car sales are also slowing, and the middle class is declining, etc.
Experts note that a similar situation was observed in 2008. Many of them fear that the impending crisis will be worse than the previous one. Below we describe 10 signs that the US is facing serious economic problems.
Since there is a decline in economic activity in the United States, oil consumption grows, and consequently, demand for it and prices. The decline in the cost of WTI oil, observed in the last 12 days, is of concern to experts. The cost of a barrel of oil dropped to $51.69, the minimum of October last year.
According to a recent survey, only 13% of Americans plan to buy property next year. This indicator is reduced three quarters in a row. Over the past 12 months, it has decreased by half.
As the real estate market stagnates, the number of unsold homes across the country is growing every day.
For example, the number of unsold single-family homes in October jumped by 86% compared to the same period last year.
According to Bank of America, the most “bearish” sentiment is prevailing among fund managers around the world since 2008. According to a survey, 44% of fund managers expect a decrease in global economic growth next year. The most pessimistic forecast since November 2008. In addition, experts expect a slowdown in China's economy next year, which also raises their concerns.
America's retail market also continues to show deterioration. According to Bloomberg, some retailers are doing so badly that they return rented space to landlords before the lease expires. An example is Sears Holdings Corp.
Despite the unfolding trade war with China, the US trade deficit with other countries of the world will reach a historic high by the end of this year.
A recent study showed that the average wage of about 62% of US jobs do not pay enough to support the middle class.
Another survey among Americans showed that the majority of American citizens today do not have the so-called financial airbag.
According to the data, 58% of respondents have savings of less than $1,000.
Currently, more than 50% of children in the United States live in families that receive certain types of material support from the US federal government.
And what is most dramatic, more and more Americans are on the street having lost their homes for one reason or another. Currently, more than 500 thousand residents of US cities are homeless, and this number is constantly growing.
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Метки: #forex_caricature |
Saxo Bank provides 2019 Outrageous Predictions |
Saxo Bank, the biggest Danish bank, surprised investors with Outrageous Predictions, an informal outlook for 2019.
The bank noted a number of negative events in the global market such as a significant decrease in the volume of the global money supply for the past ten years. But that is not all. In 2019 some important events can take place that can have serious repercussions, the bank’s experts outlined. Steen Jakobsen, Saxo Bank’s Chief Economist, believes that big investors often underestimate the risks of such events.
Let us see what all these predictions are about. According to the forecast, in the coming year Applе will buy electric cars producer Tesla. Analysts estimate that Apple will pay as much as USD 520 per share which is 40% more than the nominal value. Saxo Bank expects that the corporation will achieve success in manufacturing electric cars, being the high tech leader.
The financial sphere will also experience great changes, Saxo Bank’s analysts anticipate. The Federal Reserve will have staff reshuffle. US President Donald Trump is expected to appoint Neel Kashkari as a new governor of the regulator who will replace acting chair Jerome Powell. The replacement is likely to be announced after Mr. Powell raises the funds rate at the FOMC monetary policy meeting in December this year. This measure will trigger a crash on the US stock market, thus disappointing the President. New Fed Chair Neel Kashraki is expected to continue reducing the debt level. Besides, he can speed up the inflation to 6%, experts of Saxo Bank predict.
Furthermore, the Danish bank anticipates that the Global Transportation Tax will be enacted next year. This measure will be taken as a precaution to the climate change and the threat of global warming. Analysts of Saxo Bank also foresee a number of devastating solar storms to occur in 2019 which will destroy some satellites in the Western Hemisphere. The consequences of cataclysms can inflict USD 2 trillion of damage.
According to the bank, the global economy is facing substantial risks at the moment. There are four forerunners to the impending catastrophe: a tendency to deglobalization, a small volume of money supply, an increase in the value of money, and a rise in energy prices.
Read more: https://www.mt5.com/forex_humor/image/39100
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Метки: #forex_caricature |
Saxo Bank provides 2019 Outrageous Predictions |
Saxo Bank, the biggest Danish bank, surprised investors with Outrageous Predictions, an informal outlook for 2019.
The bank noted a number of negative events in the global market such as a significant decrease in the volume of the global money supply for the past ten years. But that is not all. In 2019 some important events can take place that can have serious repercussions, the bank’s experts outlined. Steen Jakobsen, Saxo Bank’s Chief Economist, believes that big investors often underestimate the risks of such events.
Let us see what all these predictions are about. According to the forecast, in the coming year Applе will buy electric cars producer Tesla. Analysts estimate that Apple will pay as much as USD 520 per share which is 40% more than the nominal value. Saxo Bank expects that the corporation will achieve success in manufacturing electric cars, being the high tech leader.
The financial sphere will also experience great changes, Saxo Bank’s analysts anticipate. The Federal Reserve will have staff reshuffle. US President Donald Trump is expected to appoint Neel Kashkari as a new governor of the regulator who will replace acting chair Jerome Powell. The replacement is likely to be announced after Mr. Powell raises the funds rate at the FOMC monetary policy meeting in December this year. This measure will trigger a crash on the US stock market, thus disappointing the President. New Fed Chair Neel Kashraki is expected to continue reducing the debt level. Besides, he can speed up the inflation to 6%, experts of Saxo Bank predict.
Furthermore, the Danish bank anticipates that the Global Transportation Tax will be enacted next year. This measure will be taken as a precaution to the climate change and the threat of global warming. Analysts of Saxo Bank also foresee a number of devastating solar storms to occur in 2019 which will destroy some satellites in the Western Hemisphere. The consequences of cataclysms can inflict USD 2 trillion of damage.
According to the bank, the global economy is facing substantial risks at the moment. There are four forerunners to the impending catastrophe: a tendency to deglobalization, a small volume of money supply, an increase in the value of money, and a rise in energy prices.
Read more: https://www.mt5.com/forex_humor/image/39100
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Метки: #forex_caricature |
Four largest collapses in oil prices |
According to analysts, there were four major collapses in oil prices in modern history, and each of them had a good reason. Currently, the situation is gradually stabilizing, but experts are cautious about optimistic forecasts. Read more about the decline in oil prices in our article.
Currently, the global oil market is optimistic about the cost of oil next year. Neither the rise in oil prices nor the decline in production in a number of countries prevents a positive attitude. Many analysts believe that in 2019 the price of Brent crude could reach $70 or $80 per barrel. However, a number of experts see no reason for a significant increase in prices. They propose to recall several major oil market collapses in order to draw constructive lessons from the past.
Oil prices collapse in 1985-1986
Overproduction of oil in the 1980s was caused by a decrease in demand for raw materials. The reason for this was the price increase due to the 1973 oil embargo and the Islamic Revolution in Iran in 1979. In 1980, oil prices in the global market reached $35 per barrel, and six years later it dropped to $10 per barrel. This situation was provoked by non-OPEC countries which actively increased their production. At the same time, the countries of the cartel, defending their market share, also raised the level of production. This caused overproduction and a further collapse in oil prices.
Oil prices collapse in 1990-1991
In 1990, Iraq invaded Kuwait, which is why the cost of oil rose sharply from $15 to $ 41.15 per barrel, experts say. After the intervention of the United States and allies conducting Operation Desert Storm, which resulted in Iraqi troops leaving Kuwait, in February 1991, oil prices again fell to $17- $18 per barrel.
Oil prices collapse in 2008-2009
This period was a turning point for the global economy. For the first 6 months of 2008, the price of WTI and Brent crude oil increased by almost 50%. It remained at a record high of $140-$145 per barrel. Commodity exchanges began to sell off assets. The sale ended with a collapse in prices. This coincided with the loud bankruptcy of Lehman Brothers. In September 2008, a sharp drop in the cost of oil occurred. Then there was a period of stagnation and oil could be bought for $30- $35 per barrel. In January 2009, oil prices soared again.
Oil prices collapse in 2014-2015
Experts believe that a significant oversupply of raw materials on the market became the main reason for the fall in oil prices in 2014. In this situation, many analysts draw a parallel with the crisis of 1985-1986. Recall, long before the collapse, the leading OPEC countries, such as Saudi Arabia, actively increased oil production and sold large amounts of it. At the same time, independent oil producers also raised their volumes to a record level. As a result, oversupply caused a significant drop in demand.
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Метки: #forex_caricature |
Four largest collapses in oil prices |
According to analysts, there were four major collapses in oil prices in modern history, and each of them had a good reason. Currently, the situation is gradually stabilizing, but experts are cautious about optimistic forecasts. Read more about the decline in oil prices in our article.
Currently, the global oil market is optimistic about the cost of oil next year. Neither the rise in oil prices nor the decline in production in a number of countries prevents a positive attitude. Many analysts believe that in 2019 the price of Brent crude could reach $70 or $80 per barrel. However, a number of experts see no reason for a significant increase in prices. They propose to recall several major oil market collapses in order to draw constructive lessons from the past.
Oil prices collapse in 1985-1986
Overproduction of oil in the 1980s was caused by a decrease in demand for raw materials. The reason for this was the price increase due to the 1973 oil embargo and the Islamic Revolution in Iran in 1979. In 1980, oil prices in the global market reached $35 per barrel, and six years later it dropped to $10 per barrel. This situation was provoked by non-OPEC countries which actively increased their production. At the same time, the countries of the cartel, defending their market share, also raised the level of production. This caused overproduction and a further collapse in oil prices.
Oil prices collapse in 1990-1991
In 1990, Iraq invaded Kuwait, which is why the cost of oil rose sharply from $15 to $ 41.15 per barrel, experts say. After the intervention of the United States and allies conducting Operation Desert Storm, which resulted in Iraqi troops leaving Kuwait, in February 1991, oil prices again fell to $17- $18 per barrel.
Oil prices collapse in 2008-2009
This period was a turning point for the global economy. For the first 6 months of 2008, the price of WTI and Brent crude oil increased by almost 50%. It remained at a record high of $140-$145 per barrel. Commodity exchanges began to sell off assets. The sale ended with a collapse in prices. This coincided with the loud bankruptcy of Lehman Brothers. In September 2008, a sharp drop in the cost of oil occurred. Then there was a period of stagnation and oil could be bought for $30- $35 per barrel. In January 2009, oil prices soared again.
Oil prices collapse in 2014-2015
Experts believe that a significant oversupply of raw materials on the market became the main reason for the fall in oil prices in 2014. In this situation, many analysts draw a parallel with the crisis of 1985-1986. Recall, long before the collapse, the leading OPEC countries, such as Saudi Arabia, actively increased oil production and sold large amounts of it. At the same time, independent oil producers also raised their volumes to a record level. As a result, oversupply caused a significant drop in demand.
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Метки: #forex_caricature |
Pound falls sharply against US dollar after Brexit vote postponed |
On Monday, December 10, the pound sterling decreased markedly against the US dollar amid the news of the delay in the parliamentary vote on the British exit from the European Union.
The pound sterling dropped by 0.94% from $1.2752 to $1.263 against the US dollar.
Earlier the media reported that British Prime Minister Theresa May postponed the vote in Parliament on the Brexit deal that was scheduled for December 11.
According to the BBC, the vote delay is connected with a possible refusal of parliamentarians to vote for the deal between the UK and the EU in November. A source from Bloomberg, familiar with the situation, confirmed this information. It claimed that such a step could also be taken in order to avoid a major defeat at the Brexit vote on Tuesday.
However, nobody specify for what date the vote has been rescheduled. At the same time, the media informs that a press conference with Theresa May will be held on Monday, where, as journalists assume, the British Prime Minister will clarify the situation.
Read more: https://www.mt5.com/forex_humor/image/39140
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Rare cars forgotten in old garages |
Annually, the news reports about amazing things found in abandoned buildings. There is a lot of cars among them. Hunters for exotic cars are sometimes lucky to find truly unique items or even entire collections of vintage cars that can cost a fortune. You can read about the five most interesting cars that were found in abandoned garages.
Dodge Charger
The 1969 Dodge Charger Daytona was accidentally found in an old barn by residents of the American city of Glenwood in 2015. Manufacturers have released only 503 copies of this model. Dodge Charger with a mileage of 33.07 km preserved in its original form: the 375-strong eight-cylinder Dodge 440 Magnum engine and automatic gearbox are in a work condition.
At one time, the car was bought by a local judge as a gift to his wife, and in 1974 the couple decided to sell it to a new owner who did not appreciate the purchase.
Experts estimated the two-door sports coupe at $180 thousand, but in January 2016 it was sold twice cheaper for $90 thousand.
Ferrari 166MM 1949
The sports car 166MM 1949 was produced in an even more limited number, only 25 copies. Especially for this model, Italian designer Gioacchino Colombo developed the V12 engine with a volume of 2 liters, which made the car one of the fastest in the model range of the brand.
The first owner was from Arizona, he bought a car in 1959 at auction for only $8 thousand. For several years the car was used for its intended purpose, to participate in sports competitions, but after another breakdown, it was forgotten. Half a century later, the heirs recalled the sports car and sold it to collector Manny Del Arroz for $1 million. He completely fixed the mechanical part of the car.
Ferrari 365 GTB/4 Daytona 1969
Another rare Italian car was found in an abandoned garage in Japan, where it stood for more than 40 years. Until 1973 Ferrari released only 1.2 thousand of these cars, equipping them with 4.4-liter engines of 350 hp. But only five of them received ultra-light aluminum bodies from the famous studio Scaglietti. And upon closer examination, the experts found out that this is the only copy of its kind that was certified for driving on public roads.
Autosprint journalist Luciano Conti was the first owner of the car. Then the car changed several owners until it was exported to Japan. In September 2017, the sports car was sold for $2.17 million at an auction in Maranello, Italy.
Three rare Texas sports cars
Three expensive sports cars were found in an abandoned barn in the northeastern United States: 1974 Ferrari Dino 246 GTS, 1972 Ferrari 365 GTB / 4 Daytona and 1977 Maserati Bora Coupe.
Italian sports cars did not receive adequate attention and care for decades. But the condition of these cars turned out to be even better than that of the existing collection items.
In the 1970s, a friend of the American Ferrari importer, race car driver Luigi Chinetti, bought this car. In the summer of 2011, cars were put up for sale at eBay auction.
Forgotten Chevrolet dealership warehouse
In 2013, an abandoned dealership warehouse was found in Nebraska, where about 500 classic Chevrolet cars were stored. Fifty of them are completely new with a mileage of 1 mile. In addition, corrosion damaged only a few cars, and it was not difficult to restore them.
These cars once belonged to the dealership center Lambrecht Chevrolet. The owner of the showroom kept new cars that were not sold in the first year in warehouses near his farm. In the early 1980s, the business was closed, and everyone forgot about cars.
Van Der Brink held an auction where this rare collection was sold. For example, Chevrolet Cameo was sold for the highest price, $140 thousand.
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Dow Jones plunges fourth time in year |
Dow Jones has recently set another record. The index posted its worst day in a year. On December 4, the Dow Jones Industrial Average fell 799 points, or 3.1 percent, to close at 25,027.07. According to MarketWatch, the Dow Jones Transportation Average showed the steepest collapse in history, losing 476 points, or 4.4 percent. The S&P 500 declined 3.1 percent to close at 2,700.07. The Nasdaq Composite dropped 3.8 percent to close at 7,158.43. This year similar cases were observed only 3 times: on October 10, February 8 and February 5. According to experts, this collapse was caused by the tension in trade relations between the two largest economies in the world. Investors doubt that the US and China will manage to strike a permanent deal. The US wants China to change its approach to financing a number of industries, especially in terms of state subsidies to companies under the Made in China 2025 program; Beijing, in turn, insists that changing any state programs is its sovereign right. And no truce has yet solved this problem.
According to investors, the US Treasury yield curve inversion was the second negative factor. This dynamic in the debt market is traditionally considered one of the harbingers of a recession in the economy in the future. Prior to this, interest rates on short-term securities exceeded the rates on long-term ones in 2007, just before the start of the 2008 financial crisis.
Read more: https://www.mt5.com/forex_humor/image/39115
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Метки: #forex_caricature |
Dow Jones plunges fourth time in year |
Dow Jones has recently set another record. The index posted its worst day in a year. On December 4, the Dow Jones Industrial Average fell 799 points, or 3.1 percent, to close at 25,027.07. According to MarketWatch, the Dow Jones Transportation Average showed the steepest collapse in history, losing 476 points, or 4.4 percent. The S&P 500 declined 3.1 percent to close at 2,700.07. The Nasdaq Composite dropped 3.8 percent to close at 7,158.43. This year similar cases were observed only 3 times: on October 10, February 8 and February 5. According to experts, this collapse was caused by the tension in trade relations between the two largest economies in the world. Investors doubt that the US and China will manage to strike a permanent deal. The US wants China to change its approach to financing a number of industries, especially in terms of state subsidies to companies under the Made in China 2025 program; Beijing, in turn, insists that changing any state programs is its sovereign right. And no truce has yet solved this problem.
According to investors, the US Treasury yield curve inversion was the second negative factor. This dynamic in the debt market is traditionally considered one of the harbingers of a recession in the economy in the future. Prior to this, interest rates on short-term securities exceeded the rates on long-term ones in 2007, just before the start of the 2008 financial crisis.
Read more: https://www.mt5.com/forex_humor/image/39115
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Метки: #forex_caricature |
Dow Jones plunges fourth time in year |
Dow Jones has recently set another record. The index posted its worst day in a year. On December 4, the Dow Jones Industrial Average fell 799 points, or 3.1 percent, to close at 25,027.07. According to MarketWatch, the Dow Jones Transportation Average showed the steepest collapse in history, losing 476 points, or 4.4 percent. The S&P 500 declined 3.1 percent to close at 2,700.07. The Nasdaq Composite dropped 3.8 percent to close at 7,158.43. This year similar cases were observed only 3 times: on October 10, February 8 and February 5. According to experts, this collapse was caused by the tension in trade relations between the two largest economies in the world. Investors doubt that the US and China will manage to strike a permanent deal. The US wants China to change its approach to financing a number of industries, especially in terms of state subsidies to companies under the Made in China 2025 program; Beijing, in turn, insists that changing any state programs is its sovereign right. And no truce has yet solved this problem.
According to investors, the US Treasury yield curve inversion was the second negative factor. This dynamic in the debt market is traditionally considered one of the harbingers of a recession in the economy in the future. Prior to this, interest rates on short-term securities exceeded the rates on long-term ones in 2007, just before the start of the 2008 financial crisis.
Read more: https://www.mt5.com/forex_humor/image/39115
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Метки: #forex_caricature |
Eight ways to stay anonymous online |
Experts consider the user data protection one of the key problems of our days. This issue is pressing because people spend more and more time on the web. This information can be used by fraudsters. You cannot fully protect yourself against this, but you can minimize the risks. Specialists offer several options that complicate the process of collecting personal information
Tor
This is free and open source software for implementing second generation global routing. This project is a system of proxy servers, with which you can establish an anonymous network connection protected from tapping.
VPN
This service is used for anonymous surfing, so users can hide the real IP-address and encrypt their Internet traffic. With the help of a VPN, you can detect the surveillance. This service is very popular because of its efficiency and ease of use.
Incognito or Invisible mode in browser
Most popular browsers offer incognito or invisible mode. This service is suitable if you do not want to show your appearance in the Internet. However, experts warn that this mode provides certain anonymity but does not protect the network connection.
Clear cache
Cookies are stored on the device after the Internet connection. They are needed for storing information about customer’s preferences so that sites can offer a personalized product or service. You cannot get rid of cookies completely, but you can regularly clear the browser cache. This protects against continuous monitoring of users’ actions.
Message encryption
To preserve the confidentiality of personal data and correspondence, experts suggest installing applications where messages are protected with end-to-end encryption. Encryption of personal information is an extremely necessary measure, since the leakage is one of the most common problems of online privacy.
Geolocation off
Many modern social networks track the location of users’ devices. This information is used in order to provide more personalized products and services. However, unauthorized persons may also get access to personal information of users. Companies’ servers are not always well protected from hacking, so disabling geolocation is a necessary condition.
Check access levels in mobile apps
On mobile devices, many applications often request access to various functions of users’ smartphones. Sometimes these questions are too intrusive; for example, when an application requires you to specify your location online or give access to your contact list. In this case, it is necessary to check thoroughly all access levels in order to prevent the penetration of viruses and hacking attempts.
Cryptocurrency
One of the key characteristics of cryptocurrencies is anonymity. Users’ personal data is not needed to complete the transaction. Another basic principle of the blockchain technology is transparency and publicity of financial transactions. The system also provides users with the opportunity to find out the address from which the transaction was made. The user’s identity can only be established if the person left their personal data.
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Метки: #photo_news |
Eight ways to stay anonymous online |
Experts consider the user data protection one of the key problems of our days. This issue is pressing because people spend more and more time on the web. This information can be used by fraudsters. You cannot fully protect yourself against this, but you can minimize the risks. Specialists offer several options that complicate the process of collecting personal information
Tor
This is free and open source software for implementing second generation global routing. This project is a system of proxy servers, with which you can establish an anonymous network connection protected from tapping.
VPN
This service is used for anonymous surfing, so users can hide the real IP-address and encrypt their Internet traffic. With the help of a VPN, you can detect the surveillance. This service is very popular because of its efficiency and ease of use.
Incognito or Invisible mode in browser
Most popular browsers offer incognito or invisible mode. This service is suitable if you do not want to show your appearance in the Internet. However, experts warn that this mode provides certain anonymity but does not protect the network connection.
Clear cache
Cookies are stored on the device after the Internet connection. They are needed for storing information about customer’s preferences so that sites can offer a personalized product or service. You cannot get rid of cookies completely, but you can regularly clear the browser cache. This protects against continuous monitoring of users’ actions.
Message encryption
To preserve the confidentiality of personal data and correspondence, experts suggest installing applications where messages are protected with end-to-end encryption. Encryption of personal information is an extremely necessary measure, since the leakage is one of the most common problems of online privacy.
Geolocation off
Many modern social networks track the location of users’ devices. This information is used in order to provide more personalized products and services. However, unauthorized persons may also get access to personal information of users. Companies’ servers are not always well protected from hacking, so disabling geolocation is a necessary condition.
Check access levels in mobile apps
On mobile devices, many applications often request access to various functions of users’ smartphones. Sometimes these questions are too intrusive; for example, when an application requires you to specify your location online or give access to your contact list. In this case, it is necessary to check thoroughly all access levels in order to prevent the penetration of viruses and hacking attempts.
Cryptocurrency
One of the key characteristics of cryptocurrencies is anonymity. Users’ personal data is not needed to complete the transaction. Another basic principle of the blockchain technology is transparency and publicity of financial transactions. The system also provides users with the opportunity to find out the address from which the transaction was made. The user’s identity can only be established if the person left their personal data.
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Метки: #photo_news |
