FastBull 2.0 Coming, More than Pro!

Summary:

FastBull is newly upgraded to version 2.0 on 17th June, 2022, all for trading! More professional: High-yield AI trading signals for you to choose, with up to a lifetime free subscription! More accurate: Global real-time data available, to see Pro data at any time without membership required! More efficient: New UI interface, alerts with personalized settings, to pursue the ultimate user experience!

Have you ever wondered what it takes to create a successful trade? Is it that mysterious second voice in your head that tells you to execute a position--or is it caused by a myriad of datas and indicators harmoniously working together to get the best probabilities? Well.. if we haven’t made that blatantly obviously, it’s the latter.

To back that up with studies, research shows that 98% of investors repeatedly fail in the investment market because they fail to develop the right trading strategies or cannot judge the market trend correctly.

With the goal to assist traders, FastBull has launched 2.0--allowing traders and investors alike to get more accurate and comprehensive financial information and in near realtime speed. We could even go as far as saying FastBull 2.0 provides the most professional economic data and indicators available in the surface web today. We not only aggregate the data from various platforms and support the view of Pro data anytime and anywhere, but we also conveniently provide high-yield AI trading signals for investors to subscribe into for them win more through giving them a profound breakdown of the trend. FastBull 2.0 has been launched and upgraded simultaneously on the Web and App--so please don’t be surprised if a new UI experience to make browsing faster. Given that as a briefer, here are the content upgrades you could expect to see in FastBull 2.0.

Upgraded Strategy Page

The FastBull team has been focusing on researching trading strategies for global assets, actively managing risk and providing high-quality trading signals. On the previous version, only members with Pro subscription can enjoy the advance platform features. With this upgrade, all users can now view the quality trading signals for various assets provided by FastBull professional quantitative team, with up to 98% annualized returns.

The minds behind the Algo-backed signals is FastBull’s quantitative team--a group of highly qualified professionals in finance from the University of Michigan, ETH Zurich, and other well-known institutions.

Its core members have worked for UBS and Bank of America Merrill Lynch in quantitative research. Under the direction of FastBull, they mainly focus on quantitative research in forex and futures markets.

To staple in transparency, users can track every trade execution of our strategies and their corresponding benchmark performance through risk-adjusted returns to measure a trading strategy's performance. We’ve also embedded into the UI the risk profile of each strategy to allow users to pick subscriptions suit to their risk tolerance. We also provide the AI prediction function so you can choose the right strategy based on your needs and risk assessment. Did we also mention that you can get a free one-month signal subscription by inviting one of your friends? The more friends you invite, the longer the free subscription you will earn, without an upper limit--making your monthly subscription virtually free. What a bargain! FastBull 2.0 Coming, More than Pro!_2

View Pro Data at Anytime, Anywhere

Paying to view professional data always could be a pain in the wallet for all--most especially when you’re still trying things out. If you’re one of those people looking to save some bucks, the 2.0 version may be the answer to your prayers. Our latest update benefits all investors with a free view of Pro data. Real-time quotes for various commodities in the market are available without any delay. With so, here are some of the previously exclusive features we’ve now made available for everyone to view:

· Real-time quotes for a variety of assets

· Fundamental data to judge the general market trends, technical indicators to predict market conditions, and new candlestick pattern analysis available

· Metals holdings and market supply and demand data from major exchanges

· Crude oil shipping data and market supply and demand statistics FastBull 2.0 Coming, More than Pro!_3

And if that’s not enough, all of our videos are now absolutely for free! Some of the most comprehensive and professional trading techniques are now a tap away--beginner or professional, this is definitely an offer hard to evade.

New Interface with Lightning Fast Experience

One of the highlights of version 2.0 is the greatly improved user experience when it comes to accessing information and screening trading signals in terms of interface interaction and technical architecture. By optimizing the information design and presenting data in a vertical orientation through using sections, our various features are now easily accessible. I guess you could now say good-bye to dirty home pages.

Along with the improved UI interface, here are some updates you shouldn’t miss out:

· New Analysis and Pro sections on mobile News page

· Professional AI Signals replacing the previous Pro page

· Optimized AI signal notifications, new signal pop-ups and email alerts, to catch all market data

· New strategy subscription and columnist following functions, supporting notification customization and message personalization settings FastBull 2.0 Coming, More than Pro!_5

Apart from our functional upgrades, version 2.0 also aims to meet the challenge of expand our growing user-base. With so, we’ve added Simplified Chinese version to speed up the process of local adoption while continuously expanding our app globally.

The entire FastBull team sees this update as a stepping stone to a wider and more influencial purpose--and that is through giving every investor and trader the right to access critical financial information through a single tap and click

Of course, FastBull will not stop from there. As innovative neophytes in the FinTech industry, We will continue to explore the financial field and provide multilingual, diversified and refined content for investors around the world. The market is always changing, so stay tuned!

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Devin

Euro zone inflation rose to a record high 8.1% last month in line with a preliminary estimate, more than four times the European Central Bank's target and underscoring its plans to raise interest rates next month to tame runaway price growth.

Initially driven by post-pandemic supply shortages and soaring energy prices following Russia's invasion of Ukraine, inflation has now become increasingly broad, affecting everything from food and services to everyday goods.

Price growth across the 19 countries sharing the euro rose to 8.1% in May from 7.4% in April, in line with a preliminary estimate published on May 31, the European Union's statistics agency Eurostat said on Friday.

Though inflation is now four times the ECB's 2% target, policymakers appear equally worried about a quick rise in underlying prices as they suggest that rapid inflation is now getting embedded via second round effects.

Inflation excluding food and energy costs, a figure closely watched by the ECB, accelerated to 4.4% from 3.9%, while an even narrower measure that also excludes alcohol and tobacco picked up to 3.8% from 3.5%.

While a 39% rise in energy costs was the main driver of inflation, unprocessed food prices were up an uncomfortably high 9% and non-energy industrial goods prices rose by 4.2%. The price of services, where wages are a key cost, rose by 3.5%.

Concerned by this price surge, the ECB last week said that it would raise its key interest rates in July by 25 basis points and again in September, when a bigger increase will be necessary if the outlook has not improved.

The two moves would lift the bank's minus 0.5% deposit rate out of negative territory, ending an eight-year experiment with negative interest rates.

Even this July move may be late, however. Nearly every major central bank has already raised borrowing costs, some several times, suggesting that the ECB may have fallen behind the curve.

The problem is that once second round effects start to take hold, inflation becomes entrenched, eventually being perpetuated via a price-wage spiral as workers demand compensation for the loss of their purchasing power.

While wage growth is still relatively muted, it jumped in the first quarter. The ECB, which has persistently underestimated the inflation surge, sees compensation per employee rising by over 4% both this year and next, twice the rate of their historical average.

The euro zone central bank, which has been forced to raise its inflation projections quarter after quarter over the past two years, now sees price growth at 6.8% this year, 3.5% in 2023 and 2.1% in 2024.

These projections were however based on inflation peaking at around 7.5%, a figure that was exceeded last month.

Source: Reuters

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Damon

China's national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world's largest liquefied natural gas (LNG) project and buy the fuel under long-term contracts, three people with knowledge of the matter said.

It would be the first such partnership between the two nations, among the world's top LNG consumers and producers, as the Middle Eastern energy exporter shifts to expand its Asian client base at. Global energy corporations used to be the main investors in Qatar's gas industry.

The Qatari supply deal will help China create a buffer against spot price volatility and diversify its imports; relations with two major suppliers, the United States and Australia, are at a low point, and another, Russia, is in the midst of a war and faces widespread sanctions. Beijing views gas a strategic bridge fuel to replace coal on its path to carbon neutrality by 2060.

Qatar was China's largest LNG supplier after Australia in the first five months of 2022, data on Refinitiv Eikon showed. China Firms in Advanced Talks with Qatar for Gas Field Stakes, LNG Offtake_1

China Firms in Advanced Talks with Qatar for Gas Field Stakes, LNG Offtake_1

State-controlled CNPC and Sinopec are expected to invest a 5% stake each in two separate export trains, part of the nearly $30 billion North Field expansion project, the three sources with knowledge of the discussions told Reuters.

"The participation, even of a small stake, would give Chinese direct access to the highly globalized project and learn its management and operational expertise," said one of the sources, a senior Beijing-based industry official.

The North Field Expansion includes six LNG trains that will ramp up Qatar's liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027, consolidating its status as the world's largest producer.

Qatar treats each export train as one joint venture and CNPC and Sinopec will invest in one train each, the sources said.

Sinopec declined to comment. A CNPC representative said he had no information to share.

QatarEnergy did not respond to Reuters' request for comment.

In addition, CNPC and Sinopec are negotiating with state-run QatarEnergy to buy up to 4 mtpa of LNG each for up to 27 years, said two of the sources, in what would be the single-largest purchase deals of the super-chilled fuel between the two nations.

China in 2021 imported nearly 9 million tonnes of LNG from Qatar, or 11% of the country's total LNG imports.

Discussions are focused on the pricing of long-term supply deals that will be linked to the global oil market, another of the three sources said.

QatarEnergy said on Sunday that TotalEnergies had become its first partner for the project, winning a 25% stake in one train. Asian buyers are expected to make up half the market for the project, and buyers in Europe the rest, QatarEnergy's chief executive said.

Exxon Mobil Corp, Shell, ConocoPhillips and Eni had also submitted bids for the project. China Firms in Advanced Talks with Qatar for Gas Field Stakes, LNG Offtake_2

China Firms in Advanced Talks with Qatar for Gas Field Stakes, LNG Offtake_2

"Chinese participation in the trains are more of a financial investor as the stake is very small. The key is the price negotiations for the long-term gas offtakes," the third source said.

This person added that Indian companies are also interested in discussing stakes with Qatar, but did not elaborate.

China, the world's top LNG buyer in 2021, imports 45% of its natural gas needs and sees Qatar as a reliable long-term supplier after a flurry of purchase agreements with the United States in late 2021.

Source: Reuters

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Owen Li

India is likely to impose a ceiling on sugar exports for a second straight year starting this October, aiming to ensure ample domestic supplies and keep a lid on local prices, industry and government sources said on Friday.

India, the world's biggest sugar producer, could cap exports of the sweetener at 6 million to 7 million tonnes in the 2022/23 October-September season, about one-third less than the total to be shipped out in the current season, industry and government sources said. They asked not to be named as they were not authorised to speak to media.

A government spokesman did not immediately respond to a request for comment.

The curbs on exports by India, also the world's second-biggest sugar exporter, could further lift benchmark white sugar prices, which are already trading near 5-1/2 year highs, traders said.

India Likely to Impose Ceiling on Next Season's Sugar Exports _1

Among factors underpinning global sugar prices this year are lower sugar output in Brazil, a leading producer and the biggest exporter, and crude oil prices at multi-year highs. Higher crude oil prices encourage sugar mills to divert more cane to produce ethanol for blending into gasoline.

Brazil's sugar production is set to rebound during the current season, but with restricted exports from India, traders do not expect prices to come down and they instead could go higher.

India Likely to Impose Ceiling on Next Season's Sugar Exports _2

"There is a need to regulate exports to avoid any kind of panic in the market," said a senior government official with knowledge of the matter.

While the sources expected next season's export cap to be set between 6 million and 7 million tonnes, the exact quantity will be fixed near the start of the 2022/23 season, they said.

The government will look at the performance of the monsoon before fixing the quota, they added.

Monsoon rains in sugarcane growing areas of the western India state of Maharashtra, the biggest producer in the country, were 60% below average since the start of the rainy season on June 1, according to weather office data.

New Delhi on May 24 imposed restrictions on sugar exports for the first time in six years with a cap for this season of 10 million tonnes.

Record exports in the current season could bring down inventories to 6.5 million tonnes on Oct. 1, when the next 2022/23 season starts, versus 8.2 million tonnes a year earlier, industry and government estimates show.

India Likely to Impose Ceiling on Next Season's Sugar Exports _3

Aditya Jhunjhunwala, president of the Indian Sugar Mills Association, a producers' body, has requested that the government allow mills to export 8 million tonnes of sugar next year, as output could exceed this year's record 36 million tonnes, according to a letter seen by Reuters. The association did not immediately respond to a request for comment.

The letter also urged the government for an early decision on next year's export quota to help mills cash in on firm global prices.

India mainly exports to Indonesia, Bangladesh, Sudan, the United Arab Emirates, Nepal and China.

Source: Reuters

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Devin

U.S. shale oil production is likely to increase further as higher oil prices have provided healthy cash flows to support producers' growth even as global oil demand continues to rise.

Excluding the impact of interest and tax expenses on free cash flow — cash from operations after paying for capital expenditure — the cash per barrel of oil required for shale companies increased to $34 per barrel in the first quarter of 2022 from $23 per barrel in the first quarter of 2021, Saudi bank Al Rajhi Capital said in a report.

However, that remains lower than the $51 per barrel required in the first quarter of 2020, "providing enough cushion to boost the production levels amid higher oil prices".

Supply concerns have been driving oil prices higher since Russia's military offensive in Ukraine began in February.

Brent, the benchmark for more than two thirds of the world crude, rose to a notch under $140 a barrel in March. It has given up some gains but is still trading near or just above $120 a barrel. West Texas Intermediate, the gauge that tracks US crude, has also posted strong gains and is currently trading at around $115 a barrel.

Both benchmarks are up more than 70 per cent since last year as developed economies recover from the coronavirus pandemic, while Russia's military offensive continues and the EU aims to ban most Russian oil imports by the end of this year.

All the US shale companies monitored by Al Rajhi reported a "significant improvement" in net profits in 2021/2022, mainly due to healthy demand and higher oil prices, the report said.

The average return on assets also improved to 12.8 per cent in the first quarter of 2022 from 10.7 per cent in the fourth quarter of 2021 and -3.1 per cent in the first quarter of last year.

"Accordingly, the stock performance of all the shale companies posted strong returns in 2021 as well as in 2022 year-to-date," the report said.

While the total capex of the US shale producers declined roughly by 44 per cent on an annual basis in 2020, the trend reversed in 2021 with the cumulative capex increasing 27 per cent, although it remains lower than 2019 levels.

Meanwhile, their aggregate debt declined about 12 per cent year-to-date, according to Al Rajhi.

"Rising oil prices helped US shale producers to bring down the debt burden near to their pre-Covid levels in 2022, proving more room to increase the capex," the report said.

"Further, a slowdown in DUC [drilled and uncompleted] wells reduction may encourage shale producers to increase their capex spending, implying higher production going forward."

The report said that overall oil supply is gradually increasing.

The inventory of the Organisation for Economic Co-operation and Development (OECD) countries as a percentage of global demand has "slightly increased in the last few months" and is at 7.4 per cent as of May 2022, after touching a low of 7.1 per cent in December 2021, Al Rajhi said.

It is forecast to reach 7.7 per cent by December 2023, according to the Energy Information Administration, although it will remain below the five-year average of around 8 per cent during the pre-Covid period of 2015-2019, the report said.

Going forward, rising OPEC+ production, which is expected to surge by 2.6 million barrels per day this year according to the International Energy Agency, a likely recovery in US shale production and a possible slowdown in oil demand may further increase inventory levels, Al Rajhi said.

However, the EU's plans to ban 90 per cent of its imports of Russian crude and oil products over the next six to eight months may offset the incremental supply to some extent.

"Considering all these factors, we expect oil prices to remain mostly firm with a limited upside going forward," the Saudi bank said.

Source: The National News

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Owen Li

Central Bank

Coordinated or not ahead of this month's G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world markets and buoying currencies to stymie imported inflation.

You don't have to be a strict monetarist or liquidity obsessive to see how the scale of this will affect stocks and bonds over the remainder of the year at least.

For many who do focus on the lockstep impact of world liquidity on asset prices, the process has already been underway since late last year and has been the driver of the 20-30% drop in major stock indices since December.

The worrying bit for investors is that it may only be about half-way through and the aggressive tightening unveiled this week shows little trepidation among policymakers right now.

This week's headline grabbing interest rate rises from the U.S. Federal Reserve, Bank of England and Swiss National Bank show new-found determination to get across decades high inflation as quickly as possible while unemployment rates are near historic lows and labour markets remain tight.

The European Central Bank grappled with how to rein in ballooning euro sovereign risk premia as it prepares to raise rates next month for the first in more than a decade. But agreement on the "anti-fragmentation" backstop was seen as a quid pro quo for steeper policy rate rises and markets now price almost 2 percentage points of hikes by the year-end.

The Fed's outsize 75 basis point rate rise was its biggest move in 28 years, with markets now expecting its key rate to more than double from new target range of 1.50-1.75% within a year. Even grappling with a much weaker economy, the Bank of England is also expect to almost double rates to more than 2% from here.

The shock half-point rise in SNB rates on Thursday threw another log on the fire, leaving a lonely Bank of Japan the only one of the major players still pegging short and long-term borrowing rates down.

Technical recessions may now be an inevitable price to pay. Some argue that allowing inflation to stay so high may trigger one anyway by squeezing real incomes and company margins hard.

But higher central bank borrowing rates are just one part of the story and the great unwind of central bank balance sheets is arguably a far more direct impact on world markets. Full Force of Central Banks Siphoning World Liquidity_1

Full Force of Central Banks Siphoning World Liquidity_1

Full Force of Central Banks Siphoning World Liquidity_2

Secretly Draining

According to liquidity specialists CrossBorderCapital, the annual percentage change in central bank liquidity has already collapsed and is contracting from peak annual expansion rates of about 40% last year.

In note published just before this week's barrage of official rate rises, it stressed that this contraction was underway before this month's start of the Fed's "quantitative tightening" (QT) or next month's ECB equivalent - however messy the latter may be in the light of a new "fragmentation" buster.

And it expected an annual contraction of up to 10% to persist for the next two years.

The Fed's contribution to the fabled punchbowl this year is a case in point.

Even though its overall balance sheet brims at well over $8 trillion on the eve of QT, commercial bank reserves held at the Fed - a flipside of balance sheet assets and where the real liquidity to world markets comes from - have dropped by almost $1 trillion since December as U.S. Treasury's account at the Fed refilled.

And that's before some $1-$2 trillion of overall balance sheet reduction comes down the pike over the next 18 months.

Claiming the Fed has been "secretly shrinking liquidity injections" this year, CrossBorderCapital sketches how the confluence of reduced Treasury bill sales and rising Fed rates draws more and more of that money into Fed reverse repurchase operations - currently running at more than $2 trillion nightly.

That further shrinks the "effective Fed balance sheet" and that could now halve by 2025 due the combination of outright balance sheet decline and the draw of reverse repos.

"A rising tide may well float many boats, but a tsunami of monetary tightening unquestionably sinks asset markets," it concludes.

While this may appear like arcane accounting, the shift in these liquidity measures tallies uncannily with market pricing.

Beyond the Fed, the ECB picture may seem messier. But BoE balance sheet reduction is also due and the SNB's surprise rate hike rates sees it embrace a strong Swiss franc to dampen imported inflation and likely stop its FX-related balance sheet accumulation of global stocks and bonds.

What's more, the aggressive turn in Fed tightening promises even more dollar strength ahead, forcing other central banks into similar tightening for fear of exaggerating their inflation pictures with ever higher dollar-based energy and food imports as well as tightening borrowing conditions for emerging markets.

"The last decade was a race to the bottom in currency wars globally, with lacklustre inflation dynamics, but the mood music has now changed," said Charles Hepworth, Investment Director at GAM Investments. Full Force of Central Banks Siphoning World Liquidity_3

Full Force of Central Banks Siphoning World Liquidity_3

The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own

Source: Reuters

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Devin

Central Bank

The global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession.

Share prices fell in Asia on Friday at the beginning of what was likely to be another torrid day for investors spooked by the US Federal Reserve's decision this week to raise interest rates by the largest margin for almost 30 years.

Other leading central banks such as the Bank of England and the Swiss National Bank have followed suit – the latter in its first hike for 15 years – sending economists scrambling to revise their forecast for growth downwards.

Stephen Innes at SPI Asset Management in Hong Kong said: “No central bankers worth their weight would put inflation-fighting credentials on the line and import higher energy inflation via a weaker currency.

Despite the Bank of Japan announcing on Friday that it was sticking to its ultra-loose monetary policy, he added the rate rises eleswhere were a “highly ominous signal for stock market investors... the global race to hike rates is nowhere near the finishing line”

Many believe that the United States may be in recession by next year, raising the prospect of a wider global slump.

Shares in the world's biggest economy have suffered their worst start to a year for 60 years with the S&P 500 benchmark index down 23% since January after losing another 3.25% on Thursday. Analysts at JP Morgan said the state of the S&P 500 “implies an 85% chance of a US recession”.

The falls – mirrored on the Dow Jones average, the tech-heavy Nasdaq and UK and European markets – did nothing to boost confidence in Asia Pacific. The Nikkei in Tokyo was off 1.65% and was on track for its worst week of losses for two years, as was India's main Nifty index. In Sydney, the ASX200 was down 2% on Friday afternoon.

The cryptocurrency rout also shows no sign of abating with bitcoin down 7.8% and ethereum 8.45% worse off. In addition, the Financial Times reported that the Singapore-based crypto hedge fund Three Arrows Capital – which has $10bn under management – failed to meet margin calls this week amid the slide in crypto values.

The outlook is worsened by the likelihood of the conflict in Ukraine dragging on and the west's economic war on Russia leading to even higher energy prices ahead of the northern hemisphere winter.

“The speed and degree of policy tightening may prove too much for economies to handle, particularly given the commodity price shock currently in play,” economists at NAB bank in Australia said in a note on Friday. “As a result, recession risk for several of the major advanced economies, including the US, is uncomfortably high.”

David Bassanese, chief economist of Betashares in Sydney, went further and predicted a US recession “within the next 12 months” due to persistent inflation and the Fed's pledge to raise rates until the inflation genie is back in the bottle.

As a result, he said that share markets in the US had further to fall. “There seems scope for equity markets to fall further. My base case is the ultimate peak-to-trough decline in the S&P 500 will be 35%, implying a decline to 3,100 from its closing peak of 4,796 on 3 January.” It closed at 3,667 points on Thursday.

The ongoing coronavirus lockdowns in China are causing further problems for the global economy. Supply chain snarl-ups in the world's second largest economy that started during the pandemic are predicted to continue into next year at least thanks to the shutdown of Shanghai and other key regions.

The bigger picture is that China was already facing problems ranging from the decoupling from the west amid geopolitical tensions, a faltering, hugely indebted property market, and the uncertainty caused by president Xi Jinping's crackdown on large tech companies.

As the west increases rates, China's central bank has been cutting them and the government in Beijing has been throwing more stimulus at the economy, although it may not be enough to refloat the global economy as its massive $4tn stimulus did after the global financial crisis of 2008-09.

The Bank of England's decision to raise rates by 0.25% on Thursday was criticised by some as too little too late to stop inflation in its tracks. One forecast says prices will be rising by 11% by October and another report said food price rises could top 15% in the autumn.

The British economy shrank by 0.3% in May, according to figures released on Monday, and after a 0.1% decline it “increased” the chances that the economy will slip into recession, according to Paul Dales, the chief economist at the consultancy Capital Economics.

The eurozone is also limping badly and is riven by doubts over how to deal with the diverging real borrowing costs between different countries which mean Italy has to pay more than Germany despite having the same currency.

The Economist Intelligence Unit (EIU) says in a report that although the US rebounded from the pandemic slump more quickly than other economies, there were signs that consumer spending was weakening. Its base view is that US growth will stop short of a recession, but it could be a close call.

“EIU's core forecast is that economic growth in the US will slow sharply over the course of 2022 and 2023, owing to stubbornly high inflation, rising interest rates and stalling growth elsewhere,” it said.

“We expect consumer demand to be resilient enough to avoid an outright recession, thanks in part to the tight labour market and strong household balance sheets. However, this does not mean that a recession is completely off the cards.”