What are the opening hours?

Monday 09:00 - 17:00 Tuesday 09:00 - 17:00 Wednesday 09:00 - 17:00 Thursday 09:00 - 17:00 Friday 09:00 - 17:00 Saturday 09:00 - 17:00 Sunday 09:00 - 17:00

Fintech United Group, Hong Kong (2026)

20/07/2020

New financial help is on the way. The flow of $ 3 trillion allocated previously to the fight against coronavirus in the United States has almost dried up, and it is time to make more infusions. The American economy will have a hard time without new injections, and there is nothing to say about the financial markets - they will face a catastrophe (I think they will also face a catastrophe with FRS's money, but a little later). US Senate Majority Leader Mitch McConnell will give to the public a new relief plan of $1 trillion prepared by the White House this week. Left-leaning Democrats want to donate an unthinkable $ 3.5 trillion. So, this week and the next two, until the American legislators disperse for the summer holidays, we will face the series of sharp political battles, which, naturally, will take place under the sign of the upcoming presidential elections.

Under these circumstances, Trump will face tough challenges. Back in the spring, he promised his compatriots gallantly that in the third quarter, right before the elections, the American economy will resume growth and it will be fantastic. The third quarter has come, but the growth is "still there". Outbreaks of the virus in the southern states, holding back a return to normalcy, lead to the fact that Trump is losing votes in traditionally Republican Arizona, Texas and Florida, run by Republican governors. In Florida, Trump is 6% behind Biden, in Arizona - a draw, and in Texas, where no Democrat president has won since 1976, Trump is only 1% in the lead. So, the current President of the United States has very good reasons for worrying and incentives for decisive action. One of them was the replacement of the head of the campaign headquarters last week, and it is likely that in the next three weeks, before the holidays and the political lull, Trump can be expected to do "interesting" actions in an attempt to regain popularity, which, of course, will also affect financial markets.

Work on the vaccine is in full swing. The five companies that are working actively on the invention of the vaccine as a part of the government's project Operation Warp Speed in the amount of $ 2 billion will appear before the US Congress this week.

Representatives from Merck, Moderna, Pfizer, AstraZeneca and Johnson & Johnson will share their success in this project. The USA wants to get the vaccine by the end of the year and according to the director of the National Institute of Infectious Diseases of the USA, well-known Dr. Fauci, "the chances of the successful completion of the project within the specified time frame are high."
And, of course, corporate results. About 25% of S&P 500 companies are reporting their quarterly earnings this week. Credit Suisse estimates that the second quarter earnings will fall one of the most dramatic in history: - 43% compared to last year's second quarter. Well-known names include Coca-Cola, AT&T, Kimberley-Clark, Microsoft, Intel, Twitter, American Express and many others.

We are looking forward to Tesla's results on Wednesday after the close of trading. After the company's shares have risen by 250% since the beginning of the year, it is already on the verge of inclusion in the S&P 500. According to the rules, it remains only to demonstrate at least a small profit under US GAAP in the second quarter. Thank God, there are still some rules that require companies to make a profit.

Have a nice week and successful investments!
To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

10/07/2020

The situation around COVID-19 in the United States remains tense, especially in the so-called “sun belt” of the southern states. The number of infected and dead is growing, and while no one is talking about the resumption of quarantine, hopes for a quick economic recovery are melting before our eyes.

Greed, liquidity and low rates rule the day! Despite the difficult epidemiological and, as a consequence, economic situation, the market holds on, continuing to increase the gap between the financial world and reality. A huge amount of money pumped into the global financial system in the name of saving the economy spilled onto the stock market, driven by greed, unprecedented liquidity and the absence of other tools that allow investors to earn some kind of income. Low-interest rates and the uncertainty associated with the prospects for economic recovery also stimulate interest in gold, which has added a lot of value in recent months. We observe an interesting situation when stocks, a synonym for risk, and gold associated with “safe haven” rise and fall in unison.

How long will this go on?! It is difficult to say what will happen with stocks, since we are no longer talking about fundamental indicators, but to foretell the retail investors’ emotional reactions, “Robin Goods” who have flooded the market recently, it is a thankless task. But gold, in my opinion, has good growth potential, especially after the treasured barrier of $ 1,800 per ounce was taken.

Despite the fantastic market growth in recent weeks, the situation in the US economy remains disturbing. On Thursday, as always, the data on initial unemployment applications was released. Their number continues to decline gradually. This time there was 1.31 million, compared with 1.41 million a week earlier. But, despite the positive dynamics, it is still almost five times more than before the crisis.

In the corporate sector, things are not better. At the beginning of the week, data appeared that the total revenue of US airlines fell by 82% during the crisis. Levi’s released its financial results on Tuesday: revenue in the second quarter fell by an unimaginable 68%, and the company decided to lay off 700 people. The number of bankruptcies is growing every day. This week, to the previously bankrupt big names, Hertz, JC Penney, Chesapeake Energy and others, one more was added - Brooks Brothers, one of the oldest clothing manufacturers in the United States. How many of them, famous bankrupt names, are yet to come, we will find out soon!

How to gather wealth within a week! Nevertheless, despite the sad news, the market rests on the shoulders of the “Robin Hoods”, who drive it to new historical highs with an insane risk appetite, gather wealth in one week, and lose it in the next. Like, for example, a certain Richard Dobatse, who began trading stocks with an amount of $ 15,000, by the way, received in the form of a card loan. A little later, he invested another $ 30,000, received in the form of a loan as a pledge of the house. Within a few weeks, he managed to turn the initial capital into a million dollars. What an exciting take-off!

But no less exciting was the way down, when in a few weeks of trading, only about six thousand dollars and debts remained from a million. As for me, it is precisely such stories that make me think that the holiday is over and it's time to run away!

The Chinese are selling! At the end of the week, the two largest Chinese state-owned investment funds announced their decision to sell off part of their equity investments. In their view, the market has grown "too high and too fast." It's time to sell!

Have a nice weekend and successful investments!

To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

06/07/2020

We expect a relatively calm week after a long weekend in America. Most likely, all attention will be focused on the situation around COVID-19. The number of infected in the country continues to grow. Florida and Texas are ahead of other states, on Saturday there was a record number of new infections. In general, according to the Ministry of Health, on Sunday a new record was set in the world - 212.326 new cases in 24 hours.

Nobody is talking about the resumption of quarantine, but nevertheless, the increase in the incidence is frightening and can lead to the return of certain restrictions, which naturally makes one doubt the quick recovery of both the American and global economies.

Consumer habits are changing, attitudes toward spending are changing, which naturally affect the economy. According to the Bank of America, the volume of card payments fell by 3.7% last week compared with the same week a year earlier. At the same time, a week before, no decrease in volumes was observed.
On Monday, the ISM non-manufacturing index (The Institute for Supply Management) for June will be announced. It is expected that it will reach the precious mark of 50 points, compared with 45.4 in May. According to Wells Fargo, “if the ISM Index exceeds 50, this will be further evidence that the slowdown in economic activity bottomed in April and there has been steady growth since then.” Nevertheless, the success of the last month does not mean a return to the “normal”, pre-crisis level. According to the bank, this will take months, if not years, and the key problem may be the loss of a positive impulse in July, as a result of new breakouts of the virus in some US states.

Warren Buffett, who had been sitting idle for a long time on a $ 135 billion chest, finally forked out. On Sunday Berkshire Hathaway announced the purchase of a part of the Dominion Energy business related to the transportation and storage of natural gas. The deal amounted to $ 4.0 billion, paid in cash, in addition, Berkshire became the assignee of debts in the amount of $ 5.7 billion. Of course, Buffett will spend and spend more and more, but a good beginning is half the battle. Worse yet, the high debt burden of many US corporations is worrying and does not bode well in the current difficult economic conditions. As one investor said, utilities such as Dominion Energy sell assets, not by choice.

Have a nice week and successful investments!
To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

12/06/2020

The outgoing week only confirmed once again that there are no things in the financial world more important than the coronavirus and FRS now, no matter how unnatural this combination looks in the common man’s eyes. As long as there is neither vaccine, no medicine for СOVID_19, and it will appear not earlier than spring of 2021 in the best case, FRS remains the only one which injects of money makes the situation less stressful and allows people to quarantine, not to work, but receive certain incomes. It’s not surprising that the patient data and the meeting of the Federal Monetary Policy Committee (FOMC), which took place on Tuesday and Wednesday, were the main events of the week.

As for the virus, this week several large states, Texas, Arizona and California, reported an increase in the number of infected people and revived the ghosts of the “second wave”.
What are the results of the FOMC meeting?
Firstly, the rate has been announced. No one doubted that it would remain the same, 0.00-0.25%, but now it is a fact.

Secondly, now we know how committee members see the future of interest rates for the coming years. The new version of "dot plot", a graph showing the views of Committee members on what the interest rate should be in the future, suggests that no one is going to raise it. And this is practically the unanimous opinion of all members of the Committee. Only two of its members spoke in favor of raising the rate in 2022.

Thirdly, FRS announced a whole range of macroeconomic forecasts: in 2020, US GDP will fall by 6.5%, unemployment will be 9.3% at the end of the year, and inflation will be 0.8%. In 2021, these figures will be: + 5%, 6.5%, 1.6% respectively. If you compare with the previous forecast made in December, then 2020 looks much worse, and 2021 is better, due to the expected recovery.
Fourthly, Powell confirmed that FRS will continue to buy government bonds on its own balance sheet to ensure the smooth functioning of the financial system.

Well, of course, the most interesting part of FRS’s show was Powell's press conference, during which he poured a bucket of cold water on proponents of the theory of a quick recovery. According to the Head of FRS, "millions of people will not return to their jobs." Many companies go bankrupt or simply cease to need former employees. This, in fact, became the keynote of the hour-long virtual press conference, during which Powell insisted repeatedly that the return to previous positions would be slow, thereby destroying the hope of a quick recovery, strengthened in the investors’ minds and politicians after the publication of the May report on labor market.

Naturally, such speeches provoked Trump’s indignation and his associates, who had already launched a powerful PR campaign around optimistic data on a decrease in unemployment in May. “FRS makes mistakes too often. I also see the numbers and I see them much better than they do. We are waiting for an excellent third quarter, a magnificent fourth and one of the best in history, 2021. Soon we will have both a vaccine and medicine. It's my opinion. FOLLOW!” - Trump tweeted, felt upset by the pessimism of the country's main banker. It almost sounds like THINK ... It is evident that it is the fate of all the great presidents to be dissatisfied with the independence of the central bank. Naturally, the retinue supported its leader. Economic Advisor Peter Navarro advised Powell "just make the data public and keep your mouth shut."

But the Market seems to have listened ... It turns out that even in such reckless times, when the logic of stock trading has already come up with bitcoin trading, FRS’s opinion matters. On Thursday, having digested all that Powell said, investors arranged a powerful sale, rolling down the main indices at 6-7%. It is difficult to say what it was, correction or the beginning of something more, but there is no doubt that such a market needs some kind of respite. The situation when the shares went bankrupt Hertz and J.C. Penney are growing by leaps and bounds, as cryptocurrencies grew a couple of years ago, you can’t call it normal. Indeed, the only reason for such growth is the large volume of new money, many unemployed who are bored in quarantine, who feel like traders and buy shares with the firm faith that they can always be sold at a higher price. Great recipe for inflating a bubble! And on Wednesday, Powell brought a needle over this bubble ...

Have a nice weekend and successful investments!
To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

01/06/2020

The economic recovery and the US trade war with China remain the main topics that influence the current state of the markets. And if on Friday, during a press conference, Trump did not begin to cross the Rubicon in relations with the Celestial Empire, which inspired some optimism in investors, then protests in the streets of American cities, after the murder of a black guy by the police, could interfere with the rapid recovery of the American economy. We will see how fast it will be, and the coming week will help us with this, as it will be generous with information about what is happening in the largest economy in the world.

Today, on Monday, the ISM Manufacturing Index for May will be released. According to the forecast, its value is expected to be at the level of 43.5, compared with 41.5 in April. According to regional FRS data, the economic recession in the industrial sector slowed down a little last month, which, in fact, was reflected in Markit flash manufacturing PMI, which grew slightly by 3.6 points, to the level of 39.8. So, while the economy is still in decline, the pace of decline is slowing, inspiring optimism in the hearts of investors. But the question of how long it will take to return to the pre-crisis level remains open. And the situation with street protests only adds uncertainty to the already difficult situation.

The Labor Market Report from macroeconomic data will be the cherry on the cake which will traditionally be published on Friday. The unemployment rate in May, according to many economists, could rise to 20%, from 14.7% in April. The speed of dismissals is still significantly higher than the return of employment, moreover, according to Credit Suisse, an official report published with some delay in time does not fully demonstrate the full extent of what is happening and the number of unemployed may be four million more than will be announced on Friday.

As for corporate results, the season is almost over. Well, it might be interesting to see how the quarantine splash in the use of Zoom affects the company's financial results. Zoom Video Communications reports on Tuesday.

What to expect? I wonder how the data on the state of the economy will affect investors’ sentiment. Will the latest begin to pay attention to fundamental indicators that reflect a rather complicated reality or continue to trade in the hope of a V-recovery? The piquancy of the situation is added by the fact that almost all large investors agree that the recession will delay and difficult times will await us, but nevertheless the market continues to grow, setting prices based on an optimistic scenario. And in this scenario, it seems that no one is laying the possibility of a sharp escalation in relations between the United States and China, although Trump, who dreams of being reelected, seems to me to have no other choice but to demonstrate determination with respect to the Celestial Empire. Given all the factors, in this context, in my opinion, it is difficult to disagree with the opinion of Citi investment bankers, “we definitely feel that the markets have outstripped the reality and we say to each client to use the situation to attract money in the market, since the best prices may not be". We will see what the market thinks about it!

Have a good week and successful investments!
To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

29/05/2020

The short week turned out to be very eventful and filled with special drama, with the US President in the title role. The world is recovering from quarantine, and with it, financial markets have slowed the dash forward and began to look around, trying to find at least some fundamental confirmation of the fantastic growth of the last two months. In particular, this week, investors’ interest has shifted from an overheated technology sector, many of which are trading at historic highs, to companies from the cyclical industries, the financial sector, and small and medium-sized companies. This has a certain logic at least, in contrast to the trading of empty hopes.

As a result, S&P 500 and Dow Jones have become the heroes of the week. The first managed to overcome the mark of 3000, which has not happened since March 5, and broke the two-hundredth day average. The second overcame 25,000, the last time it happened on March 10th. But Nasdaq, which is dominated by technology stocks, lagged behind, albeit a little. Index behavior indicates bullish investors’ sentiment, which, however, is not surprising given FRS's injections. The question is how immensely FRS’s balance is actually, and will every worsening situation in the US be accompanied by new financial injections?

In general, the last week helped identify very clearly three main factors that will determine the behavior of markets in the coming weeks and months: the pace of economic recovery, the success of the invention of the vaccine, and the trade war between the US and China. And, of course, FRS’s reaction will be of great importance. In principle, in the short term, it can turn out to be more important than all other factors combined.

As for the economy, the states are gradually opening up, but it is too early to talk about successes and failures. Need time! Those indicators that were released this week are not in favor of V-recovery. The Conference Board Consumer Confidence Index, an index demonstrating the degree of consumer confidence, reached 86.6 in May, not reaching the forecast value of 87.5, although it exceeded slightly the April figure at 86.9. A quote from “FRS’s Beige Book”, a collection of informal information and statements about the state of the economy, also does not add optimism: "economic activity has fallen sharply in all districts, ... consumption has fallen." Well, and, as always, on Thursday, data were published on new weekly jobless claims. Their number exceeded the forecast again, reaching 2.12 million. In total, since the beginning of the crisis, more than 40 million applications have been submitted, and the number of those who have been looking for work for more than a week is 21 million. Unemployment is growing and it is not a fact that the opening companies will run to return their employees to offices and workshops.

A vaccine is the key to success. The pandemic is waning, the statistics of those infected and recovered are pleasing, but certainly the joy will not be complete without a vaccine. Until humanity will surely know how and how to deal with coronavirus, life will not become normal, as you do not call it. It can be “new normal”, “conditionally normal”, “particularly normal” or “make an impression it is normal”, but it will definitely be abnormal when compared with pre-viral times. Many large companies have already announced that offices will not open before the end of the year, everyone will work remotely, some offer their employees to continue working from home forever, someone is testing the combined options, but the conclusion from this is not very comforting. Remote work will continue to change the structure of the economy and disable many businesses. Only a vaccine can change the situation and restore confidence in people that life in society is safe. It is known that many companies in different countries work on its invention, and each time their success provokes a wave of growth in the financial markets. Many of these successes are false, many are not significant enough, there is no final result yet and you should not wait in the near future. Tentatively, according to experts, the vaccine can be created in 2021. If so, then closer to the fall, active discussions will begin about the second wave of COVID-19 this fall, which, of course, will affect investors’ sentiment.

The China-US trade war erupts with renewed force. Chinese lawmakers launched an attack on the freedoms of Hong Kong autonomy once again, Hong Kong residents took to the streets in protest, and the American government, of course, began to struggle with the infringement of democracy. Secretary of State Pompeo announced that the US "no longer believes that Hong Kong is autonomous from China and, as a result, a special trading regime cannot be maintained." Congress also voted in favor of the law imposing sanctions against Chinese officials who participated in the infringement of the Muslim minority. Trump will hold a press conference on the topic of China on Friday, late in Kiev time, and the future market situation will depend on largely whether President Trump decides to raise rates. It is likely, because in the pre-election year, the image of a courageous and decisive commander to each candidate is to face.

Trump's passion for communication with the world through tweets has received an interesting development. Apparently, a war with China is not enough for a real commander, and Trump decided to open a second front - against Twitter. It began with the fact that Twitter decided to check whether the two statements by the US President about the “election by mail” published on the social network are true. The company said that Trump’s words contain potentially untrue information, and under each of Trump’s tweets there was a warning for the reader and a link to the site with facts to verify the verity of the president’s words. Trump responded by accusing the company of interfering in the presidential election in 2020. A little later, Twitter “noted” another Trump’s message about protests in Minneapolis after the death / killing of an African American by policemen, saying that its content is contrary to company rules prohibiting “exaltation of violence". In a message, Trump expressed support for the Governor, saying that" when looting begins, shooting starts "and promised military assistance if necessary. The company did not delete the original tweet, but hid it. To open it, you need to click on the company’s warning that this is “Violence.” Trump decided not to trifle and on Thursday signed a decree calling into question laws protecting social networks from liability for published materials. The decree aims to introduce additional rules and restrictions on the activities of social networks, but according to many experts it is unlikely to lead to real changes without the consent of Congress, the majority of which is owned by Democrats.

The results of the week. The world cannot live without passions! One is being replaced by others. Fewer sick, more Trump, Chinese, violence in Minneapolis, the election campaign - investors have something to think about. It’s too early to talk about any certainty, and the situation can change at any time, especially considering that the growth of the last two months has absolutely no foundation. And hope, you know, can be dispelled in an instant ...

Have a good weekend and successful investments!

To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

25/05/2020

The week has begun, but US markets will open only on Tuesday. Today is the Memorial Day in the USA, and it may well be a good test of how successfully the fight against Covid-19 is going on, because this is the first holiday after individual states have abolished strict quarantine and, of course, the level of mobility and socialization of Americans will be much higher in these weekend than in quarantine times.

The economy is opening up. By the way, how the process of “opening” the states after quarantine will be of great importance for the economy and for financial markets. After all, if the infection rate creeps up again, you will have to close in the second round and in this case the blow to the economy will be simply crushing. Of course, a vaccine could be a lifesaver, but according to many experts, you should not count on a vaccine before the end of 2021, or even later.

How is the economy doing? In the meantime, the states are "opening up", this week we are waiting for data on the Level of Consumer Confidence (Conference Board Consumer Confidence Index) for May, sales volumes of new houses in April and “the FRS's Beige Book”, a collection of informal information and statements about the state of the economy.

As for consumer confidence, on which the capitalist economy is based, according to the forecast it will be 87.5, which is slightly higher than the record drop to 86.9 in April. Considering that consumer confidence is correlated with their employment, and unemployment in the US is still growing, it is still a long way to a recovery in consumer sentiment. And again, a lot depends on how the deal with the opening of the states will be, the revival of the business, the hiring of employees, and, of course, it is important to understand how soon and to what extent this will happen.

Sales of new houses in April are expected to fall by 20.3%, compared with March. But, given that, before the pandemic, the dynamics of the real estate market was just excellent, no tragedy has happened so far, at least in comparison with last year. Again, many hope that activity in the residential real estate market will begin to revive as the American economy opens.

And, of course, on Thursday we are waiting for the traditional applications for unemployment. It is expected that the number of new ones will amount to 2.1 million, and the continuing ones, from those who have been unemployed for more than a week, will be 25.5 million. Still a lot, but now it will be interesting to observe the dynamics, not absolute values.

The confrontation between the US and China has resumed. Despite the importance of macroeconomic indicators, which, in fact, no longer scare anyone, the further battle between the USA and China can become a real catalyst for some movement on the market. The contradictions between the superpowers are more than enough. Huawei, restrictions on the listing of Chinese companies, Hong Kong laws of China and US sanctions against those officials who apply them - this is a shortlist of what surfaced only in recent days. The potential for conflict is enormous, and China, on the weekend, has already warned the US that “it’s not worth starting a cold war.” In principle, a trade war is a very significant factor itself that can influence markets even in good times, and even during a pandemic and a painful state of the economy, its negative effect only intensifies.

So, to summarize, now the further behavior of the market depends, in many respects, on two factors: the dynamics of the opening of economies and the behavior of the warring parties, the USA and China. Of course, any positive news about the vaccine will be a powerful positive factor for the market, however, as well as regular financial injections from FRS. Both recent events, this week, seem unlikely because vaccines are not taken from nowhere, and FRS needs more bad news to be generous. Although, after all, anything happens, especially in times of crisis ...

Have a good week and successful investments!
To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

22/05/2020

It turned out that while the whole world was anxiously counting the sick and recovering, and all the talk was only about the coronavirus, the old problems did not go away. And now, when the situation on the infectious fronts is gradually calming down, well-known diseases, some chronic ones, begin to give problems again. So, Brexit is coming to the surface, because they broke up, but "they didn’t divide property and children." And now you can’t get anywhere, you’ll have to beat the dishes and sort out the relationship. Then Russia is coming up with something new, trying to legitimize the leader’s lifelong rule, which causes delight in loyal subjects and worry among democratically minded people. But most of all, from the point of view of reviving unresolved geopolitical problems, the Chinese and the Americans advanced in the past week.

The ax of the American-Chinese war is opened and sharpened. After the sensational sanctions against Huawei, both sides went even further. On Wednesday, the US Senate approved the law that would complicate the listing of Chinese companies on US exchanges. Now the companies will have to disclose whether the foreign government controls them or it is their owner, and also provide the results of a three-year audit from PCAOB, the Accounting Supervisory Board in state-owned companies. A strong blow, considering that it is impossible to develop without capital, and where to get it now, if not in the USA.

On Thursday, the Chinese made it clear that they were not at all going to abandon their plans to restore order in Hong Kong and plan to adopt the series of laws that will allow them to deal more effectively with anti-government protests. According to experts, this is a clear signal that China intends to finish decisively with the democratic liberties enjoyed by the residents of the autonomy since the British left in 1997.

US senators did not take long to wait and added more oil to the fire, introducing the law to the Senate that would impose sanctions on Chinese officials and organizations that would put into practice new measures of protests coercion in Hong Kong.

After such an exchange of courtesies, on Friday morning, the Hong Kong Hang Seng index lost 5.4%, while European and American futures also turned the colors of the Chinese flag.

Unemployment has reached record levels. The number of new unemployment claims in the United States was 2.438 last week, which is higher than expected, and the total number of applications since the beginning of the crisis is close to 40 million. The number of those who have been looking for work for more than a week amounted to 25.1 million, and this is the maximum value in recent decades. And the significance of this anti-record is hard to overestimate because it proves that employees laid off in the early days of the crisis will not necessarily return to their jobs, and the United States will face record-high unemployment in the coming months.

FRS’s pessimism may end with new injections. Public statements by New York FRS Chairman John Williams and FRS Vice President Richard Clarida suggest that “we have some very difficult months ahead” and because of the pandemic “in the short and medium term, demand will decline in relation to supply.” In short, probably we need to prepare for the fact that soon we will talk about a new package of priming of economy, which, of course, is good news for the markets, at least in the short term.

The result of the week. I wonder what the trading will end on Friday, but whatever they end, you can probably admit that the fantastic market growth, more than 30% from March lows, has stopped. The market expects new events that could set the direction for the movement. The rapid beginning of this week, when the markets were growing rapidly against the backdrop of the closure of "short" positions, did not continue. There are no new buyers, which is not surprising, because everything that happened to the market over the past two months is the result of financial injections from the government and the central bank and the investors’ faith in the V-shaped economic recovery. And if there is still financial powder in the powder stores of the authorities, then the likelihood of a quick recovery is becoming less and less, and old problems make us remember with renewed force. As the Terminator said, “I’ll be back!” This is me about old problems.

Have a nice weekend and successful investments!

To invest profitable and safe? No problem!
Start earning with Fintech United Group! Please, refer to https://fug.sg/

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Monday	09:00 - 17:00
Tuesday	09:00 - 17:00
Wednesday	09:00 - 17:00
Thursday	09:00 - 17:00
Friday	09:00 - 17:00
Saturday	09:00 - 17:00
Sunday	09:00 - 17:00