https://markets.businessinsider.com/commodities/copper-price

ABF MALAYSIA BOND INDEX FUND ABFMY1

ABF MALAYSIA BOND INDEX FUND ABFMY1

GoldEtf 0828EA

GoldEtf 0828EA

‘Something is ending’: German towns braced for US military exit
The thought of troops leaving one of the largest overseas American bases in the world brings mixed feelings

The Trump administration wants a US-China commercial split

Bloomberg reports that a recent Weibo survey in China that sampled more than 1.2 million respondents, revealed that an overwhelming majority of Chinese iPhone users, 95% to be exact, would switch from Apple to another smartphone brand rather than give up WeChat.


With more than a billion users, WeChat is the single most important app in China. It has grown to become more than just a messaging app, as people use it to make in-store payments, transfer money to friends, ride-hail, order food deliveries and more.

Bloomberg reports that a recent Weibo survey in China that sampled more than 1.2 million respondents, revealed that an overwhelming majority of Chinese iPhone users, 95% to be exact, would switch from Apple to another smartphone brand rather than give up WeChat.


With more than a billion users, WeChat is the single most important app in China. It has grown to become more than just a messaging app, as people use it to make in-store payments, transfer money to friends, ride-hail, order food deliveries and more.

Apple, Intel, and other US companies reportedly urged Trump to rethink the WeChat ban.
They’re hoping the administration will narrow the order to allow business in China.
A ban could put American companies at a disadvantage against Chinese rivals.

Bloomberg reports that a recent Weibo survey in China that sampled more than 1.2 million respondents, revealed that an overwhelming majority of Chinese iPhone users, 95% to be exact, would switch from Apple to another smartphone brand rather than give up WeChat.


With more than a billion users, WeChat is the single most important app in China. It has grown to become more than just a messaging app, as people use it to make in-store payments, transfer money to friends, ride-hail, order food deliveries and more.

TIKTOK AND ITS EMPLOYEES PREPARE TO FIGHT TRUMP OVER APP BAN
Trump last week ordered sweeping but vague bans on dealings with the Chinese owners of TikTok, saying it is a threat to U.S. national security.

Author: MATT O'BRIEN (AP Technology Writer)
Published: 3:37 PM EDT August 13, 2020
Editor's note: The video above was published Aug. 13, 2020.

TikTok and its U.S. employees are planning to take President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits.

Treasury Sanctions Individuals for Undermining Hong Kong’s Autonomy
August 7, 2020
WASHINGTON – Today, the Department of the Treasury imposed sanctions on 11 individuals for undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly of the citizens of Hong Kong.

China has imposed sanctions on 11 American lawmakers and foreign policy experts in response to similar US measures on Chinese and Hong Kong officials, as tensions between the two powers escalate.

Beijing on Monday hit back at the US after President Donald Trump last week brought sanctions against Chinese and Hong Kong officials over their role in imposing a draconian security law on the Asian financial centre.

Golden bridge is falling down, falling down, failing down.

Wait long long time also will not fly.

Last time, Boss botak trap. Now Fatty trap.

Gold up and down. The company also up and down. Shoot high and fall hard. Everyday up and and down hard will get heart attack.

Roller coaster

Gold's bull run turns bearish
After a strong run that sent gold prices to record levels and up more than 40% this year, buyers have turned their backs on the precious metal in recent trading sessions. As a result, investors in gold stocks, including S&P 500 component Newmont Corporation, have started offloading gold miners.

Looking more broadly outside the S&P, it was a terrible day for gold, silver, and other precious and semiprecious miner stocks. First Majestic Silver (NYSE:AG) and Fortuna Silver (NYSE:FSM) shares fell 12%, while Coeur Mining (NYSE:CDE) and Yamana Gold (NYSE:AUY) shares lost 10% on the day.

Gold's bull run turns bearish
After a strong run that sent gold prices to record levels and up more than 40% this year, buyers have turned their backs on the precious metal in recent trading sessions. As a result, investors in gold stocks, including S&P 500 component Newmont Corporation, have started offloading gold miners.

Looking more broadly outside the S&P, it was a terrible day for gold, silver, and other precious and semiprecious miner stocks. First Majestic Silver (NYSE:AG) and Fortuna Silver (NYSE:FSM) shares fell 12%, while Coeur Mining (NYSE:CDE) and Yamana Gold (NYSE:AUY) shares lost 10% on the day.

Gold's bull run turns bearish
After a strong run that sent gold prices to record levels and up more than 40% this year, buyers have turned their backs on the precious metal in recent trading sessions. As a result, investors in gold stocks, including S&P 500 component Newmont Corporation, have started offloading gold miners.

Looking more broadly outside the S&P, it was a terrible day for gold, silver, and other precious and semiprecious miner stocks. First Majestic Silver (NYSE:AG) and Fortuna Silver (NYSE:FSM) shares fell 12%, while Coeur Mining (NYSE:CDE) and Yamana Gold (NYSE:AUY) shares lost 10% on the day.

Jason Hall(TMFVelvetHammer)
Aug 11, 2020 at 6:18PM
The S&P 500 Index (SNPINDEX:^SPX) fell 26.7 points, or 0.8%, on Aug. 11. That marks the first down day for the index in more than a week, with the majority of index components finishing the day's trading lower.

The worst-performing S&P 500 component stocks on the day included oil stocks Occidental Petroleum (NYSE:OXY), down 8%, and Apache Corp (NASDAQ:APA) and Cabot Oil & Gas (NYSE:COG), both down 4%. Gold miner Newmont Corp (NYSE:NEM) shares fell 7.4% on a day that saw nearly every gold stock fall sharply on a brutal day for gold prices.

US dollar buoyed by jump in US bond yields
Tom Westbrook & Eimi Yamamitsu
/
Reuters

August 12, 2020 12:00 pm +08

-A+A
SINGAPORE/TOKYO (Aug 12): The US dollar inched ahead on Wednesday, as a jump in US yields pushed it higher against the Japanese yen, while the kiwi briefly hit a one-month low after the central bank extended its bond buying programme.

The yield on 10-year US debt, which rises when bond prices fall, made its steepest gain in two months on Tuesday ahead of the largest ever 10-year auction later on Wednesday.

That triggered a wave of gold selling, which deepened in Asia, and it has pressured the yen as better returns on US debt lures investment from zero-yielding Japan.

US dollar buoyed by jump in US bond yields
Tom Westbrook & Eimi Yamamitsu
/
Reuters

August 12, 2020 12:00 pm +08

-A+A
SINGAPORE/TOKYO (Aug 12): The US dollar inched ahead on Wednesday, as a jump in US yields pushed it higher against the Japanese yen, while the kiwi briefly hit a one-month low after the central bank extended its bond buying programme.

The yield on 10-year US debt, which rises when bond prices fall, made its steepest gain in two months on Tuesday ahead of the largest ever 10-year auction later on Wednesday.

That triggered a wave of gold selling, which deepened in Asia, and it has pressured the yen as better returns on US debt lures investment from zero-yielding Japan.

Palladium (XPDUSD) Up $43.18 On 4 Hour Chart, Started Today Down 5.8%; Crosses 20 Day Moving Average
TagsPalladium
August 12, 2020 by cfdtrading

Palladium (XPDUSD) Up $43.18 On 4 Hour Chart, Started Today Down 5.8%; Crosses 20 Day Moving Average
TagsPalladium
August 12, 2020 by cfdtrading

Silver Price Analysis: XAG/USD continues to dive and briefly printed below $25
August 11, 2020 07:35 GMT | By Rajan Dhall, MSTA
Silver Price Analysis: XAG/USD continues to dive and briefly printed below $25
Silver is trading 13.7% lower on Tuesday as the rout on precious metals continues.
USD 25 per troy ounce could be an important support level to watch.

Silver Price Analysis: XAG/USD continues to dive and briefly printed below $25
August 11, 2020 07:35 GMT | By Rajan Dhall, MSTA
Silver Price Analysis: XAG/USD continues to dive and briefly printed below $25
Silver is trading 13.7% lower on Tuesday as the rout on precious metals continues.
USD 25 per troy ounce could be an important support level to watch.

Gold prices dropped, holding physical gold as stock also loss.
Gold prices up, holding physical gold as stock also earned profit as gold in retail store is in market price.

Gold Price News and Forecast: XAU/USD prices collapse to $1,910 as huge profit-taking kicks-in

Gold Price Analysis: XAU/USD retraces biggest losses in seven years above $1,900
August 11, 2020 10:53 GMT | By Anil Panchal
Gold Price Analysis: XAU/USD retraces biggest losses in seven years above $1,900
Gold prices carry bounce off $1,901.52, the lowest in two weeks.

Gold Price Analysis: XAU/USD retraces biggest losses in seven years above $1,900
August 11, 2020 10:53 GMT | By Anil Panchal
Gold Price Analysis: XAU/USD retraces biggest losses in seven years above $1,900
Gold prices carry bounce off $1,901.52, the lowest in two weeks.
US dollar gains, mixed sentiment triggered the bullion’s biggest daily slump since April 2013.

Safe haven is sinking. The ship carried safe haven also sinking. Run for your life.

Gold Price Analysis: XAU/USD retraces biggest losses in seven years above $1,900
August 11, 2020 10:53 GMT | By Anil Panchal
Gold Price Analysis: XAU/USD retraces biggest losses in seven years above $1,900
Gold prices carry bounce off $1,901.52, the lowest in two weeks.
US dollar gains, mixed sentiment triggered the bullion’s biggest daily slump since April 2013.

Run for your life. The ship sank.

Gold Price Analysis: XAU/USD retraces biggest losses in seven years above $1,900
Gold picks up the bids near $1,926.70 during the pre-Tokyo Asian session on Wednesday. The bullion dropped by around $120 the previous day, marking the biggest drop since late-April 2013, amid market’s rush to the US dollar. Though, the recent risk reset seems to have favored the pullback moves.

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

What becomes of the Hong Kong dollar? Singapore may hold the secret

SCENARIO ONE: Nothing changes. The Hong Kong dollar peg is attacked and the HKMA defends it at all costs and will continue to do so until all the US$449 billion reserves are used up and the Hong Kong dollar craters. This is an extreme financial cold-war scenario, and the outcome depends on the White House not using its proverbial financial launch codes. But the events of the past week have revealed the vulnerability of the Hong Kong dollar peg, and the HKMA as its manager.

SCENARIO TWO: Hong Kong switches to the RMB. This could be done overnight through a new Hong Kong dollar pegged to the renminbi. The Hong Kong dollar would need to be exchangeable within Hong Kong and holders would be able to sell them back to banks in exchange for crisp People’s Bank of China renminbi notes. As for the US$449 billion reserves, that could fund the Lantau reclamation project six times over.

SCENARIO THREE: The Hong Kong dollar peg is modified along the lines of the Singapore dollar’s secret basket. The basket could be comprised of Asian currencies and perhaps some gold. Reliance on the US dollar is diminished and the Hong Kong dollar remains convertible. The HKMA potentially wins from this, and although baskets can be reverse engineered, it would be more difficult to attack. If the basket had a healthy amount of yen in it, there would be an element of self-hedging against the dollar as the US dollar tends to trade in a somewhat steady relationship with the yen at US$1=¥105-115.

What becomes of the Hong Kong dollar? Singapore may hold the secret

SCENARIO ONE: Nothing changes. The Hong Kong dollar peg is attacked and the HKMA defends it at all costs and will continue to do so until all the US$449 billion reserves are used up and the Hong Kong dollar craters. This is an extreme financial cold-war scenario, and the outcome depends on the White House not using its proverbial financial launch codes. But the events of the past week have revealed the vulnerability of the Hong Kong dollar peg, and the HKMA as its manager.

SCENARIO TWO: Hong Kong switches to the RMB. This could be done overnight through a new Hong Kong dollar pegged to the renminbi. The Hong Kong dollar would need to be exchangeable within Hong Kong and holders would be able to sell them back to banks in exchange for crisp People’s Bank of China renminbi notes. As for the US$449 billion reserves, that could fund the Lantau reclamation project six times over.

SCENARIO THREE: The Hong Kong dollar peg is modified along the lines of the Singapore dollar’s secret basket. The basket could be comprised of Asian currencies and perhaps some gold. Reliance on the US dollar is diminished and the Hong Kong dollar remains convertible. The HKMA potentially wins from this, and although baskets can be reverse engineered, it would be more difficult to attack. If the basket had a healthy amount of yen in it, there would be an element of self-hedging against the dollar as the US dollar tends to trade in a somewhat steady relationship with the yen at US$1=¥105-115.

Should customers cash out their investments in the precious metal right now or wait longer for its value to rise further? Zawya spoke to a few analysts for insights.

Many are betting on the precious metal to continue rising, but the soaring prices have also enticed some investors to secure more immediate profits. In the UAE, for example, some customers have returned to the souks to sell their jewellery, bars and coins to take advantage of the high prices and get some much-needed cash.

“With oil prices down and [the] tourism sector severely impacted, many individuals in the UAE have lost their jobs or their business have been hugely impacted,” said Arun Leslie John, Chief Market Analyst at Century Financial. “These individuals in need of cash are now opting to sell some gold and [make] some gains after witnessing the massive rally in the metal over the past few days.”

Should customers cash out their investments in the precious metal right now or wait longer for its value to rise further? Zawya spoke to a few analysts for insights.

Many are betting on the precious metal to continue rising, but the soaring prices have also enticed some investors to secure more immediate profits. In the UAE, for example, some customers have returned to the souks to sell their jewellery, bars and coins to take advantage of the high prices and get some much-needed cash.

“With oil prices down and [the] tourism sector severely impacted, many individuals in the UAE have lost their jobs or their business have been hugely impacted,” said Arun Leslie John, Chief Market Analyst at Century Financial. “These individuals in need of cash are now opting to sell some gold and [make] some gains after witnessing the massive rally in the metal over the past few days.”

Should customers cash out their investments in the precious metal right now or wait longer for its value to rise further? Zawya spoke to a few analysts for insights.

Many are betting on the precious metal to continue rising, but the soaring prices have also enticed some investors to secure more immediate profits. In the UAE, for example, some customers have returned to the souks to sell their jewellery, bars and coins to take advantage of the high prices and get some much-needed cash.

“With oil prices down and [the] tourism sector severely impacted, many individuals in the UAE have lost their jobs or their business have been hugely impacted,” said Arun Leslie John, Chief Market Analyst at Century Financial. “These individuals in need of cash are now opting to sell some gold and [make] some gains after witnessing the massive rally in the metal over the past few days.”

China-Australia relations hit crisis levels – PM admits WAR with Beijing possible

CHINA'S relations with Australia rest on a knife-edge after Prime Minister declared Scott Morrison declared war between the two was now possible.

US trying for 'clean network' by banning 'untrusted Chinese apps' like WeChat, TikTok
By William Gallagher

Describing them as "untrusted Chinese apps," the US government says it wants WeChat, TikTok, and other unspecified services to be banned from all of the app stores in the US.

WeChat may be banned in the US

WeChat is available everywhere, but totally dominates in China
As Microsoft is in talks to buy TikTok. and Apple is not, US Secretary of State Mike Pompeo has unveiled plans to ban similar services that, he says, pose "significant threats to the personal data of US citizens."

US trying for 'clean network' by banning 'untrusted Chinese apps' like WeChat, TikTok
By William Gallagher

Describing them as "untrusted Chinese apps," the US government says it wants WeChat, TikTok, and other unspecified services to be banned from all of the app stores in the US.

WeChat may be banned in the US

WeChat is available everywhere, but totally dominates in China
As Microsoft is in talks to buy TikTok. and Apple is not, US Secretary of State Mike Pompeo has unveiled plans to ban similar services that, he says, pose "significant threats to the personal data of US citizens."

Donald Trump says the government should get a cut from the sale of TikTok's US unit if an American firm buys it.

The US president said he made a demand for a "substantial portion" of the purchase price in a phone call at the weekend with Microsoft's boss.

He also warned he will ban the app, which is owned by China's ByteDance, on 15 September if there is no deal.

ByteDance is under pressure to sell its US business after Mr Trump threatened a crackdown on Chinese tech companies.

Donald Trump says the government should get a cut from the sale of TikTok's US unit if an American firm buys it.

The US president said he made a demand for a "substantial portion" of the purchase price in a phone call at the weekend with Microsoft's boss.

He also warned he will ban the app, which is owned by China's ByteDance, on 15 September if there is no deal.

ByteDance is under pressure to sell its US business after Mr Trump threatened a crackdown on Chinese tech companies.

China omits US dollar from forex trading fee waivers in bid to bolster yuan

The euro, British pound, Japanese yen, Hong Kong dollar and Australian dollar are also not exempt from trading fees

China is waiving transaction fees between the yuan and 12 currencies, including the Singapore dollar, Russia rouble and Korean won, for three years in its onshore foreign exchange market in a clear move to skirt the US dollar.

The other nine currencies are the Malaysian ringgit, New Zealand dollar, South African rand, Saudi riyal, United Arab Emirates dirham, Polish zloty, Hungarian forint, Turkish lira and the Thai baht. The SAFE said the reason for waiving those trading fees was to “actively cooperate with the national belt and road development strategy, implement financial support for the development of the real economy, reduce corporate exchange costs, and promote the development of the direct exchange market for yuan and foreign exchange between banks”.