Why We Believe FastBull Will Overtake Investing.com

Summary:

With the mission to become the fastest deliverer of financial news and data, FastBull is now rapidly contending against similar platforms; Investing.com to be more precise. But by now you must be wondering, Why is this neophyte rapidly catching up against a leading platform?

Let’s take a step back into 2020. The COVID-19 pandemic just blew up and people all over the world are now stuck inside their houses with their phones and computers. Sounds like they’d be spending much of their time on social media right? Well.. we hate to spoil you but that didn’t happen at all. Apparently, thanks to the human mind’s inherent ingenuity, much of the spare time went to exploring the financial markets. In fact, according to Schwab, a Financial Broker, they have seen over 4.72 million users sign up with retail trading and investing accounts just in 2020. The sudden boom in retail trader population coined the term “Generation Investors”. A group of traders who went into the scene during the peak of 2020.

However, the 2020 retail trader population growth isn’t the only boom we’ve seen. Along with “Generation Investors” arrived more financial information platforms that aided the development of financial decisions done by traders and investors -- One of them is FastBull. With the mission to become the fastest deliverer of financial news and data, FastBull is now rapidly contending against similar platforms; Investing.com to be more precise. But by now you must be wondering, Why is this neophyte rapidly catching up against a leading platform? Here’s why:

24/7 Breaking News Live Feed

When it comes to investing, being well informed about the latest happenings inside the financial market will always be an edge among traders and investors—and as an old saying goes“It’s not what you do that counts, it is what you know that makes banks”. FastBull has taken into account how essential it is to be ahead of everyone else when it comes to market news. In fact, they’ve developed a live feed 7x24 tab that updates real-time whenever important news and data drops get released. The lightning fast market updates are fueled by a state-of-the-art AI programmed just for FastBull’s users. This feature is far from Investing.com’s News tab which lags evidently behind—making latest releases delayed by minutes and at most, by hours.

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Contents Sourced from Multiple Authors

If there’s one thing FastBull takes pride of, that is its multiple sources when it comes to their news articles and write-ups. As of current date, the growing market news and data platform is home to 50+ authors with profound specialization on specific asset classes. This allows FastBull to release up-to-date and accurately developed analyses on a regular basis. FastBull also considers the ever-evolving nature of the market. With so, they’ve also partnered with authors that draw specialty in releasing educational content allowing FastBull’s users to continuously ramp up their learning curve whilst actively scanning the market. This is contrary to Investing.com’s case. Though Investing.com does have in-house writers and analysts, much of their write-ups are predominantly sourced from already published articles--more particularly, Reuters.

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Algorithm-Based Signal Service

Let’s say you’ve just started taking interest in trading and investing--further, you’re looking to make a quick yet stable buck; FastBull’s in-app Algorithm-Based Signal Service may peak your interest. The newly developed financial data and analytics platform has taken the initiative of installing Algo-backed trade signals for users who are quite new to the industry. According to FastBull’s Product Development team, they’ve intentionally installed this feature to Pro Members because they believe guided immersion in the markets is one of the best ways to hasten one’s development. As a sweetener, users could choose which Algo-system could they follow through the app’s variety of selections—with each option having to differ in risk profile. As to this writing, the Algo-Signal Feature is the first of its kind among FastBull’s industry peers. Furthermore, their team has committed to diligently update the systems to suit the market’s volatility.

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Offline Events, Live-Interviews, and a Community-centric Approach

And if you’re thinking that’s all, their company has stated future plans of hosting Offline events to encourage network-building. To move even further, they also plan to host face-to-face skill seminars for their users partnered with successful traders and investors. They’re also cooking up a regularly scheduled AMA (Ask me Anything) sessions with some of the Finance industry’s top and leading influencers. In another interview with the team behind FastBull, they’ve stated the importance of developing a community-centric platform that values individual experience of users through maximizing the utility of their application. Creating investment and trading decisions is already complicated as it is--and developing a platform that is fueled by the intent to build a community soothens the complexity. With so, if these plans ever go to fruition, this could create a revolutionizing contrast among platforms in the same field as FastBull.

With all that said, FastBull is a promising neophyte among the Financial Industry’s heavy-hitting incumbents. With the up-and-coming platform’s eccentric approach towards Financial News and Data Analytics, we may just see a dark horse running taking the lead of the overall picture.

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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Damon

Japan Downgrades Q4 GDP on Service Sector Weakness_1

The downwardly revised growth is bad news for policymakers tasked with keeping the country's fragile recovery on track as a jump in commodity prices due to the Ukraine crisis and persistent supply disruptions heighten economic uncertainty.

Revised gross domestic product (GDP) data released by the Cabinet Office on Wednesday showed Japan expanded an annualised 4.6% in October-December. That was lower than economists' median forecast for a 5.6% gain and the preliminary reading of 5.4% released last month.

"This suggests that Japan's economic recovery from the pandemic is weaker than that of Europe and the United States," said Takeshi Minami, chief economist at Norinchukin Research Institute.

On a quarter-on-quarter basis, GDP expanded 1.1%, falling short of the median market expectations for a 1.4% gain.

The change was mostly due to the downgrade in private consumption, a government official told a media briefing.

Private consumption, which makes up more than a half of Japan's GDP, increased 2.4% in October-December from the previous quarter, revised down from an initially-estimated 2.7% gain. Spending in the service sector, in particular, was downgraded to a 3.1% expansion from an initial 3.5% increase.

Recent industry ministry data for December showed spending on services such as restaurants and train rides was weaker than the preliminary estimate based on private-sector figures, the official said.

"Private consumption was likely quite weak in January, due to soft spending on capital goods such as cars and services," said Minami, adding fresh uncertainty around Ukraine is cooling business investment.

In the fourth quarter, capital expenditure grew 0.3%, lower than economists' forecasts for a 0.7% gain and a preliminary figure of a 0.4% advance.

While data earlier this month showed robust fourth-quarter business spending, the revised GDP figures reflected weakness in items such as software investment, the official said.

Domestic demand as a whole contributed 0.9 of a percentage point to revised GDP figures, while net exports added 0.2 of a percentage point.

Economists in a Reuters poll last week forecast annualised growth of 0.4% in the January-March quarter, slashing previous projections given Omicron coronavirus variant infections and uncertainties caused by the war in Ukraine.

Yusuke Shimoda, senior economist at Japan Research Institute, said he was still expecting growth to come in positive in the first quarter.

"But we're still in early March," he added. "Further downside risks can't be ruled out depending on Russia's actions."

Source：BBC

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Thomas

China's sovereign bonds slid from the top of global performance rankings to near the bottom in recent weeks, undermining their status as an alternative haven just as global markets were roiled by the war in Ukraine.

The return on yuan debt, excluding currency fluctuations, slipped to 29th among 46 sovereign markets tracked by Bloomberg since Russia invaded Ukraine on Feb. 24, according to data compiled by Bloomberg. The securities had topped the rankings in January when they were touted as a haven due to China's monetary policy divergence with the Federal Reserve.

There are growing signs that investors are unwinding bets, with global funds selling a net 35 billion yuan ($5.5 billion) of Chinese government debt last month, a record reduction. Pacific Investment Management Co. cut its call as yield differentials with Treasuries narrowed, while AllianceBernstein Holding LP warned that Beijing is going to drive growth by issuing more debt.

China Sovereign Bonds Tumble from No. 1 Ranking as Funds Flee_1

“China rates have failed to follow the decline in U.S. Treasuries amid global risk-off trades,” Becky Liu, head of China macro strategy at Standard Chartered Bank Plc, wrote in a note. China's stronger-than-expected GDP target for this year “suggests that credit policies may turn more proactive in the near term,” she wrote, adding that the 10-year yield may rise to 2.95% by the third quarter.

The benchmark 10-year yield has risen 15 basis points from a 20-month low hit in January to 2.83%, while Treasuries of the same tenor hover near the lowest since early 2022. China on Saturday announced an economic growth target of about 5.5% for 2022, at the higher end of many economists' estimates, while also outlining higher fiscal spending to stimulate the economy.

At the same time, there's a growing chorus of investors who see less room for monetary policy loosening by the central bank after it had cut a key lending rate and boosted liquidity. Traders had bid up Chinese bonds from last October as it had pivoted toward easing. China's central bank said on Tuesday it will hand over more than 1 trillion yuan ($158 billion) in profits to the finance ministry, a move that will help the government boost fiscal spending.

“We see more risks than opportunities for reward” in bonds, China Asset Management wrote in a note. The fund sees no rate cuts or reserve requirement ratio reduction from the People's Bank of China in the near term and expects the 10-year yield rising to as high as 3% on growing credit supply, according to the note.

Foreign Selling

The selling by foreign investors last month was the first since March 2021, according to data compiled by Bloomberg. Domestic funds, brokerages and commercial banks also reduced their holdings of the Chinese debt during this period, the data show.

“We believe the selloff could be driven by tactical asset allocation decisions on the back of global risk-off sentiment,” said Freddy Wong, head of Asia-Pacific fixed income at Invesco Ltd. “As the Russia-Ukraine conflict worsened, investors rushed into traditional safe-haven assets,” he said, adding that he doesn't see Chinese bonds as a replacement for traditional havens yet as they are susceptible to outflows on unexpected events.

There was also speculation that some of the selling may have come from Russia as sanctions from the U.S. and European Union cut off the Russian central bank's access to much of its foreign reserves.

“We won't really know for sure” if Russia's central bank caused the selloff in China bonds until toward the end of the year, as it releases its currency composition after a long delay,” said Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd. However, Russia's aggregate currency reserves data for end-February due later in the day could provide some clues, he said.

Goldman Sachs Group Inc. lowered its assessment on Chinese government bonds Monday on expectations they may come under pressure if funds have to make up for their inability to access Russian investments by selling other emerging market assets. Developing market investors added a net $1.7 million of China bonds last week, compared with $16.2 million Indonesian bonds and $13.7 million Philippine debt, according to exchange-traded funds flow data compiled by Bloomberg.

However, some investors continue to see diversification value in Chinese debt. Global investors are currently under-invested in China bonds, said Jason Pang, portfolio manager of JP Morgan China Bond Opportunities Fund. The asset offers “diversification benefits due to its low correlation with global markets and appealing yield opportunities compared with developed market bonds,” he said.

Source: Bloomberg

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Damon

South Koreans Vote for President in Tight, Bitter Election_1

South Koreans were voting for a new president Wednesday, with an outspoken liberal ruling party candidate and a conservative former prosecutor considered the favorites in a tight race that has aggravated domestic divisions.

Pre-election surveys showed liberal Lee Jae-myung, a former governor of South Korea's most populous Gyeonggi province, and his main conservative challenger, ex-prosecutor general Yoon Suk Yeol, with neck-and-neck support, way ahead of 10 other contenders. The winner will take office in May and serve a single five-year term as leader of the world's 10th-largest economy.

Lee and Yoon conducted one of the most bitter political campaigns in recent memory. Both recently agreed that if they won they would not conduct politically motivated investigations against the other, but many believe the losing candidate could still face criminal probes over some of the scandals they're been implicated in.

Critics say neither candidate has presented a clear strategy on how they would ease the threat from North Korea and its nuclear weapons. They also say voters are skeptical about how both would handle international relations amid the U.S.-China rivalry and how they would address widening economic inequality and runaway housing prices.

"Despite the significance of this year's election, the race has centered too much on negative campaigning," said Jang Seung-Jin, a professor at Seoul's Kookmin University, adding that neither leading candidate laid out a convincing blueprint on how they would lead South Korea.

The election comes as South Korea has been grappling with an omicron-driven COVID-19 surge. On Wednesday, South Korea's health authorities reported 342,446 new virus cases, another record high.

After the voting began at 6 a.m., masks-wearing voters waited in long lines at some polling stations before putting on vinyl gloves or using hand sanitizers to cast ballots. People infected with the coronavirus were to vote after regular voting ends Wednesday evening.

About 44 million South Koreans aged 18 or order are eligible to vote, out of the country's 52 million people. About 16 million cast ballots during early voting last week. About 3 1/2 hours after Wednesday's voting began, the turnout stood at 8.2 %, according to the website of the National Election Commission.

Ahead of the vote, Jeong Eun-yeong, a 48-year-old Seoul resident, said she was agonizing over which candidate is "the lesser of two evils."

"Nobody around me seems happy about voting” for either Lee or Yoon, she said. “We need a leader who would be really devoted to improving the lives of working-class citizens."

While both Lee and Yoon share some similar economic and welfare policies, they've clashed over North Korea and other foreign policy issues.

Lee, who has often expressed nationalistic views, calls for exemptions to U.N. sanctions so that dormant inter-Korean economic projects can be revived, and hopes to mediate between Pyongyang and Washington over the North Korean nuclear crisis. Yoon, for his part, says he would sternly deal with North Korean provocations and seek to boost trilateral security cooperation with Washington and Tokyo.

On confrontation between Washington, Seoul's top military ally, and Beijing, its biggest trading partner, Lee says picking a side would pose a greater security threat to South Korea. Yoon wants to place a priority on an enhanced alliance with the United States.

After North Korea's latest reported ballistic missile launch Saturday, Yoon accused North Korean leader Kim Jong Un of trying to influence the results of the South Korean election in favor of Lee.

"I would (teach) him some manners and make him come to his senses completely," Yoon told a rally near Seoul.

Lee wrote on Facebook that he would push for a diplomatic solution to North Korean nuclear tensions but won't tolerate any act that would raise animosity.

South Korea's constitution limits a president to a single five-year term, so Lee's party colleague, President Moon Jae-in, cannot seek a reelection. Moon came to power in 2017 after conservative President Park Geun-hye was impeached and ousted from office over a huge corruption scandal.

With conservatives initially in shambles after Park's fall, Moon's approval rating at one point hit 83% as he pushed hard to achieve reconciliation with North Korea and delve into alleged corruption by past conservative leaders. He eventually faced strong backlash as talks on North Korea's nuclear program faltered and his anti-corruption drive raised questions of fairness.

Yoon had been Moon's prosecutor general but resigned and joined the opposition last year following infighting over probes of Moon's allies. Yoon said those investigations were objective and principled, but Moon's supporters said he was trying to thwart Moon's prosecution reforms and elevate his own political standing.

Yoon's critics have also attacked him over a lack of experience in party politics, foreign policy and other key state affairs. Yoon has responded he would let experienced officials handle state affairs that require expertise.

Lee, a former human rights lawyer who entered local politics in 2005, has established an image as a tough-speaking, anti-elitist who can get things done and fix establishment politics. But his opponents call him a dangerous populist relying on divisions and demonizing opponents.

Yoon has launched a political offensive on Lee over allegations that Lee is a key figure in a corrupt land development project launched in the city of Seongnam when he was mayor there. Lee has tried to link Yoon to that scandal. Both of their wives have offered public apologies over separate scandals.

Whoever wins will likely struggle to bridge conservative-liberal divisions, some experts say.

"Both candidates have failed to create their own, distinctive images because they became absorbed in party allegiances amid partisan animosity, so the race was defined by negative campaigning," said Shin Yul, a politics professor at Seoul's Myongji University. "Whoever wins will be tasked with an important but difficult task of healing the divisions."

Source：ABC NEWS

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Devin

France warned Tuesday that further delays could stymie a revived nuclear agreement between world powers and Iran, with the West at loggerheads with Russia over its invasion of Ukraine, while Washington said it would cede nothing to Moscow.

Moscow is a direct party — along with Britain, China, France and Germany — to the ongoing talks in Vienna aimed at reviving the 2015 nuclear deal to limit Iran's nuclear program in exchange for sanctions relief.

Washington is participating indirectly, as former president Donald Trump withdrew from the agreement in 2018.

"We are very close to a deal," but Paris is "very worried about risks that further delays could weigh on the chances," a foreign ministry spokeswoman told reporters in an apparent reference to Russia's demands for extra guarantees.

Russian Foreign Minister Sergei Lavrov has demanded written assurances from Washington that massive Western sanctions imposed on Moscow over its invasion of Ukraine will not affect its economic and military cooperation with Tehran.

US Secretary of State Antony Blinken has said such demands are "irrelevant."

Russia said Monday that all world powers must have "equal rights" if the nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), is revived.

Sanctions on Russia over its invasion of Ukraine "have nothing to do with the Iran nuclear deal," Blinken said Sunday.

France "calls on all other parties to adopt a responsible approach," the foreign ministry spokeswoman said Tuesday.

At a hearing on Capitol Hill later Tuesday, when asked if Washington had provided Moscow with the written guarantees requested, US Undersecretary of State for Political Affairs Victoria Nuland was clear: "No."

"We're not negotiating with Russia vis-a-vis Iran," Nuland said. "Russia is trying to up the ante and broaden its demands with regard to the JCPOA and we are not playing 'Let's Make A Deal'."

"There may be some in Russia seeking to get extra benefits for their cooperation and participation in seeking to get Iran back into the JCPOA, but they are not going to be successful," she added.

Nuland told lawmakers that Russia has "relatively small trade relations" with Iran, and that its participation was more based on its own national security interests.

She said negotiators in Vienna had "nearly completed" a deal and rejected calls by some to halt talks because of the war in Ukraine."The last thing we need on top of Putin's bloody war is a nuclear-armed Iran," she said.

Iran's official IRNA news agency meanwhile said that Tehran's top negotiator Ali Bagheri would travel to Vienna early Wednesday "to continue the talks."

Source: AFP

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FastBull Featured

Remarks of Officials

Recently, Lorie Logan, an executive vice president in the Markets Group of the Federal Reserve Bank of New York and Manager of the System Open Market Account (SOMA), delivered an important speech, systematically expressing her considerations on the balance sheet reduction.

Logan does not determine the Fed's policy stance, but she is the key person responsible for the implementation of monetary policy and will largely affect the specific details of balance sheet reduction. With a certain rate hike in March, the market is widely expected to see the Fed begin reducing the size of its balance sheet thereafter. Logan's speech at this point is delicate. It seems to indicate that the details of the reduction plan have been already in place and could be announced at the March FOMC (an advance notice).

The main ideas of her speech are as follows:

1. The current balance sheet size is twice as large as that before the last round of reduction. It will certainly reduce the balance sheet at a faster pace this time.

2. It is unlikely to sell-off assets actively. It will probably adopt the method of setting a cap on redemptions at maturity as in the last time, making the reduction process more predictable. In addition, if the economic outlook deteriorates and there is a mid-cycle adjustment in interest rates (similar to 2019), the cap method can prevent the possibility of a pro-cyclical reduction in SOMA positions due to a large number of early mortgage repayments.

3. The time to stop the balance sheet reduction depends on the reserve requirements across the banking system, which in turn depends on regulatory requirements and banks' liquidity management with big differences and uncertainties. Logan said the last round of balance sheet reduction provided some clues. This seems to suggest adequate reserve levels at least no lower than those that triggered repo waves in 2019. This also means that keeping a close eye on money market conditions will be key to deciding when to stop the reduction.

4. Faster balance sheet reduction has a greater impact on private sector positions and overall liquidity levels. The Fed does not have experience with a significant reduction of its balance sheet in a short period. Logan said it would remain flexible and adjust the reduction approach at any time.

5. Logan mentioned on the imminent rate hike that the distance between the current management rate relative to the target range is well set. This seems to imply that the Fed will not make technical adjustments for the time being and that overnight reverse repos will still provide an additional 5 basis points of concession. Of course, it may be necessary to adjust the management rate over time.

6. After the rate hike starts, the overnight reverse repos may temporarily increase. On the one hand, bank deposits will not be adjusted as fast as money market rates; on the other hand, some banks may want to squeeze out non-operating deposits. Therefore, bank deposits are likely to flood into the money market. In addition, if the Fed retains the premium on overnight reverse repos, it will make it more attractive.

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Devin

Addressing a formal session of the Assembly of Experts, the president said, “We have not backed down and will not back down from any of [our] red lines.”

He pointed to the nature of the Islamic Republic and then touched on the Vienna talks.

“The power of the Islamic Republic is based on the support of the people and their presence in various arenas, and social capital and public trust are the most important components of power, authority and national security of the country,” the president said, according to the official website of the Iranian presidency.

Raisi stated that the “popular administration” has announced that it expects the people to do the main task of creating change in the country.

The president refers to his government as popular administration.

Emphasizing that the declaration of the second step of the Islamic revolution is the document and the basis of change in the government, the president stated, "The main axis of the activities of the popular administration is to establish justice and eliminate backwardness in this field."

Noting that his government seeks to develop relations with all countries in the world, Ayatollah Raisi refuted claims that the government is only focusing on the Eastern world.

Referring to the significant increase in trade with neighboring countries, Raisi said, "Some accuse us of looking one-dimensionally to the East and say that today, as in the past, the government is looking to the East. This is not true, and the government seeks to develop relations with all countries and create a balance in the country's foreign policy."

Ayatollah Raisi went on to describe the government's actions in significantly reducing the mortality rate of COVID-19, and said that concerns about the state of basic commodity reserves were another concern of the government at the beginning of its activity and said, "After eliminating the concerns about the stock of basic goods, the government has focused on budgeting and liquidity control, and achieved good results in this area as well."

Ayatollah Raisi added, "The budget bill for 1401 was prepared without a budget deficit and taking into account the realization of 8% economic growth, while in previous years the average economic growth of the country was less than one percent and about 4 tenths of a percent."

Iran's next year, 1401, will begin on March 21.

The president raised the question of whether it is possible to achieve the goal of 8% economic growth or not, he stated, "According to the 1401 budget document, if expenditures are controlled, revenues increase and cash flow is directed towards production.""Naturally, when large corporations and banks become active in the productive economy and production, the private sector is encouraged to increase its presence in this area," he said.

The president continued, "For example, construction workshops in Khuzestan have multiplied several times before the government's visit, or the Gorgan Bay restoration operation has begun during the last few days since the government's recent visit to Golestan province."

Ayatollah Raisi said, "In the period since the beginning of the government, we have tried to curb the increase of liquidity and not to borrow from the Central Bank."

In another part of his speech, the president said that the elimination of absolute poverty is another serious concern of the government, and said, "Although there are different indicators to determine absolute poverty in the world, we are trying to define absolute poverty based on our customary definition to eradicate it completely in the Islamic society."

Referring to the issue of nuclear talks, the president explained the government's strategy in this regard, "In the first step, the government seriously pursued the lifting of sanctions, and in the second step, it seeks to lift the sanctions in negotiations that are based on complete respect."

Raisi emphasized, "The popular administration is following the nuclear talks in full accordance with the principles and framework set by the Supreme Leader and has not and will not back down from any of the announced red lines."