BO news: U.S stimulus and trading forex market.
Hello intelligent traders, Crazy Invest are back after a week. Today, we will update what happen with finacial market in last week by this BO news. No time to waste, let’s begin!.
1. BO trade: U.S’s annoucement and related news.
The lastest appointment of the U.S congress about a stimulus package is hoped to push the economy. Especially in context of Conona virus’s impact and expired benefit time is coming. It is not only heightens recession fear but the unemployment rate. Thus, the number of people who are jobless don’t tend to decrease. There are million of workers is looking foward to new jobs while unemployment subsides is going to end soon.
2. Simulus package’s detail of U.S goverment
Arcoding to Investing.com, U.S goverment is planing a stimulus package. It will be applied for around 32 million emplyees after the Unemplyment Compensasion Program expired. The Chuck Schumer senate predict its value will be 350 billion dollars. While the Republican hope that it will not overcome 1000 billion dollars.
Economic experts worry about a less generous bailout will make the U.S economy, which is effected alot by the Corona pandemic can not recover quickly. Therefore, BO trader should notice this news for your next trades. Considering to trade USD forex or not.
3. EU economic analysis news and BO trader’s chance
PMI data from Britain, Germany, France and Eurozone will be annouced in 24/7 will provide a clear vision about recovery of EU. And it can be consider a good news for BO traders.
However, it can not compare the level of economy’s recovery between before and after pandamic. Because the data just help us know the recovery in width but don’t tell about the recovery speed.
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Where as, retail data in Britain seem positive. Althogh the online commercial platform’s raise can make the traditional shop faced dificulities. BO traders can follow this economic news to study strerling’s tendency when join in BO trading Forex.
4. USD and JPY Exchange rates: two opposite extremes.
Center exchange rate: The national bank has listed at 23.235 VND/ 1 USD
Exchange rate reference: National bank transaction office buy at : 23.175 VND/ 1 USD and sell at 23.650 VND/ 1 USD.
Beside, we also provide some exchange rate of Vietnam bank:
Vietcombank’s exchange rate: VCB buy at 23.090 VND/ 1 USD and sell at 23.280 VND/ 1 USD.
Viettinbank’s exchange rate: buy at 23.090VND/USD and sell at 23.280 VND/USD
Bidv’s exchange rate: buy and sell at 23.100 vnd/usd and 23.280 vnd/usd.
While the USD’s tendency seem to be declined and don’t have the stability. JPY and euro is going to be a good choice for BO traders. Because some experts belive that the JPY can increase gradually in some days after. It even can be up to 120 JPY/ 1 USD in short term.
Those update news above are what I have for BO investors today. Let’s follow it gradually to have more belief for your decision. Crazy Invest will collect outstanding news relating to BO activities in every Monday. Stick with us for more useful information. See you in next post!.
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