In the market, I still support the long position of the pound and the dollar. Short positions of euro, yen and gold.
In terms of the epidemic situation, we should pay attention these days. I believe that if you follow the short selling of gold in the report (I have analyzed it many times before), you should make a good profit now. While paying attention to Britain, the United States and Europe, readers in the field of bulk commodities must not only see that the demand of western countries and China is recovering, but also that many relatively backward raw material exporting countries are now experiencing epidemic situation or some 'chaos', so that some other bulk commodities are steadily rising. This should be paid special attention to, especially South American countries.
Secondly, we should pay attention to the issue that the US $15 of the $1.9 trillion failed to pass. This does not matter much to the stimulus itself. Should it pass or pass. But we need to talk about $15. Let's know the background first. The minimum wage in the United States is $7.50.
So what happens if Biden is doubled? With the recession of the economy, the employment rate has dropped by a large margin, but it has become unstable. When enterprises use 7.5 as the standard for a long time, the calculation of the relationship between enterprise cost and profit has become a perennial foregone conclusion. Once the salary changes, but the enterprise's profit does not change. In a relatively competitive market, the profit of many enterprises will be relatively thin. Once the company's internal costs rise at this time, the first reaction of many enterprises is to lay off or quit Well, this is a very normal human consideration. When enterprises think that they can't survive, who will take care of the employees? That's why we have the Democratic MP's saying that we should increase taxes by 5% to solve this problem,
No matter in what era, tax increase will restrain the economy rather than develop the economy, which will have an impact on many industries. Although there will be a wave of capital flowing back to the United States in the future, what will happen after that? I'll have to leave soon after I make money...
@jinchenghao Did you buy GBPUSD and sell EURJPY? I'm not sure about GBPUSD but if you sell EURJPY right now it means you're forcibly against the market, according to the Monthly chart EURJPY has just started an uptrend.