Same decreasing volume on NAS that has happened all last week and this.
That DOW issue last bread seemed to be data glitch as it has reappeared. Don't trust anything even if you see it. Always verify.
Measures purchasing power against other currency's. Since we are all in FIAT land it does not mean much. It tracks flow from one currency to another
OANNZ! OANNZ!
How Will The Pound React To Tuesday's Brexit Deal Vote? FX Traders Weigh In
Months of extreme volatility have taken their toll on the pound, with traders declaring the G10 currency "untradeable" during the worst of the withdrawal-deal related chaos last year, as daily swings of multiple percentage points became increasingly common, prompting some traders to muse once again about how the pound - one of the world's most liquid, heavily traded currencies, was behaving more like the Turkish lira than a designated global reserve currency (as its membership in the IMF's SDR basket would suggest).
Now, after months of wrangling in Brussels and Westminster, Theresa May's supremely unpopular Brexit withdrawal deal is finally coming up for a vote Tuesday night.
On Monday, optimism ahead of the vote, spurred by reports that May might quietly support amendments to put a time limit on the Irish Backstop (which, again, ideally would never take effect in the first place), briefly pushed the pound above $1.29, its highest level since November.
Given the widespread opposition to the deal across party lines, May's deal has almost no chance of passing. Rather, currency traders will be keeping a close eye on the vote count, with 225, the margin by which May is expected to lose the vote, seen as the crucial demarcation.
In a roundup of comments from currency traders and strategists at some of the big banks that have been paying close attention to Brexit, traders warned that the deal's defeat wouldn't necessarily provoke a strong response in GBP. But a massive defeat of a magnitude that could raise the possibility of Theresa May facing - and losing - a no-confidence vote tabled by the opposition could send the pound back toward $1.22 (it was trading around $1.28 on Tuesday ahead of the vote).
Of course, that cuts against the fact that one-week volatility in the pound has surged in recent days, suggesting that traders are bracing for some unruly action before, during and after the vote.
Though others argued that the pound might not react much no matter the outcome of the vote:
The U.K. currency may not trade anywhere near its cycle lows even if Theresa May faces a big defeat, while any gains should be contained as uncertainty will remain the name of the game even if the prime minister survives the vote with a narrow defeat.
In a story about May's government facing possibly the worst defeat for a ruling party in nearly a century, Bloomberg included a quote by Neil Jones, head of hedge-fund currency sales at Mizuho Bank, that a defeat by more than 220 votes could send the pound back toward $1.2250.
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pic 2 is why currency traders using leverage to trade get no sleep.
rest at link
https://www.zerohedge.com/news/2019-01-15/how-will-pound-react-tuesdays-brexit-deal-vote-currency-traders-weigh
It's all hugely underfunded as well. A gigantic ponzi scheme. Illinois is a close second or may even be worse by now.
totally agree with you. Almost as if we were preparing for something but did not know what 'it' was. Balls to wall ever since
o7
have never asked boss for anything however it is dream to be hanging off the back of one of those with headphones on, good music just enjoying it.
That would be just fine!
El-Erian: U.S. shutdown dysfunction leads to worry 'about the slowdown in the global economy'
Resentment among U.S. politicians amid the shutdown could hurt global economic growth if dysfunction spills over and hurts logical fiscal stimulus like proposed infrastructure projects, economist Mohamed El-Erian told Yahoo Finance.
“If it turns out that this shutdown is an indication of a lot more polarization,” the chief economic advisor for Allianz warned Yahoo Finance’s On The Move, “then you would worry more about the slowdown in the global economy than the U.S.”
Democrats and Republicans are currently in a political deadlock over President Donald Trump’s proposed $5.7 billion southern border wall. The unprecedented episode involves nearly 800,000 aggrieved federal workers in a furor over either being forced to take leave or work without pay.
“So at the micro level, there are real tragedies involved,” El-Erian said. “There are people whose savings do not allow them to navigate easily an interruption in income. And I think that’s a serious issue.
“At the macro level, it depends on the length of the shutdown. You know, shutdowns in the past have had the features of being both temporary and reversible, which meant that you do get a slowdown, but it’s quickly compensated for, and when you look over the longer term, you can hardly see the blip. So a lot depends on how long this shutdown continues.”
So if we can get agreement on something like an infrastructure program…”
Neither political side (particularly President Trump himself) seems willing to back down.
El-Erian noted that “if we are to navigate well the external pressures, if we are to navigate well what we talked about — the slowdown in China, the slowdown in Europe — we need more pro-growth policies.”
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What a gigantic turd. What do you call the things POTUS has done with China, Europe, removing NAFTA and Paris accord?
Go back and work with Bill Gross. At least you two cancelled each other out.
rest at link
https://finance.yahoo.com/news/el-erian-u-s-shutdown-dysfunction-leads-worry-slowdown-global-economy-152157265.html
McWinning Burger
In a way since we are the world's reserve currency. His focus is just on growth for growth's sake imo. Exactly what got us here