<ul><li>Investor sentiment remains bearish in August</li><li style=““ class=“text-align-justify“>But no longer „apocalyptically bearish“ on hopes inflation, rates shocks may end in coming quarters</li><li style=““ class=“text-align-justify“>Long USD remains the most crowded trade</li><li style=““ class=“text-align-justify“>Uninvested cash levels drop to 5.7% from 6.1% in July, but „still very high“</li></ul><p style=““ class=“text-align-justify“>Some findings from the latest BofA global fund manager survey for August. Interestingly, most respondents noted that current sentiment is still too bearish for an immediate reversal and that they remain „patient bears“. Besides that, the fact that investors are still staying long the dollar is a testament to overall market sentiment as recession risks are heightened and the Fed pivot is a no go just yet.</p>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>The dollar is lightly higher on the day and that is helping to keep USD/JPY underpinned but the pair in general tends to see a much wider range than most dollar pairs recently, feeding off some volatility after the drop back below 135.00 at the end of July.</p><p style=““ class=“text-align-justify“>As much as buyers are holding up, there is still a sense of directionless movement in USD/JPY for now. The downside for the pair is limited closer to the 100-day moving average (red line) while topside action is capped by the 135.00 handle. All eyes are on the bond market for what comes next and <a target=“_blank“ href=“https://www.forexlive.com/news/the-bond-market-continues-to-be-a-key-spot-to-watch-in-the-week-ahead-20220815/“ target=“_blank“>there might be more waiting to do in that sense</a>.</p><p style=““ class=“text-align-justify“>Looking ahead, the US retail sales data tomorrow will be one to watch in terms of risk events for this week.</p>

This article was written by Justin Low at www.forexlive.com.

<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/dismal-china-data-weigh-on-sentiment-to-start-the-day-20220815/“>Dismal China data weigh on sentiment</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/monetary-policy-alone-just-isnt-cutting-it-in-china-20220815/“>Monetary policy alone just isn’t cutting it in China</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/dollar-gains-further-on-the-day-as-risk-appetite-stays-subdued-20220815/“>Dollar gains further as risk appetite stays subdued</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/oil-suffers-another-beating-again-down-over-4-on-the-day-20220815/“>Oil suffers another beating again, down over 4% on the day</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/china-stages-more-drills-around-taiwan-amid-us-lawmakers-visit-20220815/“>China stages more drills around Taiwan amid US lawmakers‘ visit</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/germany-july-wholesale-price-index-04-vs-01-mm-prior-20220815/“>Germany July wholesale price index -0.4% vs +0.1% m/m prior</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/switzerland-july-producer-and-import-prices-01-vs-03-mm-prior-20220815/“>Switzerland July producer and import prices -0.1% vs +0.3% m/m prior</a></li></ul><p style=““ class=“text-align-justify“>Markets:</p><ul><li>JPY leads, NZD lags on the day</li><li>European equities mixed; S&P 500 futures down 0.5%</li><li>US 10-year yields down 2 bps to 2.829%</li><li>Gold down 1.6% to $1,773.03</li><li>WTI crude down 4.9% to $87.62</li><li>Bitcoin down 0.7% to $24,082</li></ul><p style=““ class=“text-align-justify“>The focus to kick start the new week is China, as the latest set of economic releases there disappointed heavily with loan demand crashing hard. That is prompting worries about a major slowdown, which will surely spill over to the global economy.</p><p style=““ class=“text-align-justify“>That saw the aussie and kiwi weighed lower initially in Asia before the selling intensified as the dollar and yen gained on risk aversion during European morning trade. Equities were weighed lower with US futures retreating, though the drop isn’t as notable after the surging rally on Friday. The bond market remains tepid, with yields holding slightly lower as well.</p><p style=““ class=“text-align-justify“>EUR/USD fell from 1.0240 to 1.0190, pretty much erasing its post-CPI advance and GBP/USD is also doing the same in a drop from 1.2120 to 1.2050 during the session. USD/JPY kept steady around 133.20-40 for the most part as both the dollar and yen are holding firmer amid risk flows on the day.</p><p style=““ class=“text-align-justify“>Meanwhile, USD/CAD is seeing a big jump with a push from 1.2785 to 1.2915 amid the more subdued risk mood and also another beatdown in oil. WTI crude saw a 5% drop to below $88 and is holding near the lows for the day currently as oil market sentiment is not helped by the negative headlines from China.</p><p style=““ class=“text-align-justify“>The antipodeans are the biggest losers though, with the aussie and kiwi already softened from the poor data before an extended rally in the dollar (weaker risk sentiment) saw both currencies decline further. AUD/USD saw a drop from 0.7100 to 0.7025 while NZD/USD was hammered down from 0.6430 to 0.6360 during the session.</p><p style=““ class=“text-align-justify“>With little else to work with on the economic calendar and still awaiting key data before reassessing the Fed outlook, it looks like markets are clinging on to risk sentiment as the key driver to start the trading week.</p>

This article was written by Justin Low at www.forexlive.com.

<p class=“MsoNormal“>Individuals <a target=“_blank“ href=“https://vhnx.com/“ target=“_blank“>planning for retirement</a> may feel quite anxious
about the coming years, considering the high inflation and interest rates and
the low consumer confidence.</p><p class=“MsoNormal“>It’s uncertain whether
a recession will occur, although there are some signs that an extended economic
slowdown may happen. Still, retirement will come to just about every people.
Therefore, it’s important to learn as much as we can about navigating and
managing this period in our lives once it takes place.</p><p class=“MsoNormal“>Here are four things
you can do to prepare your investment portfolio for retirement. </p><p class=“MsoNormal“>Combine Similar
Accounts</p><p class=“MsoNormal“>Combining your
similarly taxed accounts and sticking to only one or two financial institutions
helps curb your attention from multiple individual retirement accounts (IRAs)
and 401(k)s. Plus, keeping an eye on and handling your investments and taxes is
easier when you only have a handful of accounts.</p><p class=“MsoNormal“>Merging your accounts
is more than just about getting you organized in retirement.</p><p class=“MsoNormal“>Maintaining multiple
accounts across different institutions could subject you to some considerable
expense funds or additional management costs. And those high, extra costs can
be detrimental to your investment returns, leaving you with less money than you
should have to retire comfortably. </p><p class=“MsoNormal“>Opt For Index Funds</p><p class=“MsoNormal“>Index funds are usually
an excellent choice for a retirement investment portfolio. They are low-cost,
so they help reduce the fees you pay, which in turn increases your long-term returns.</p><p class=“MsoNormal“>Furthermore, index
funds mirror the performance of particular market indexes, making them a
passively-managed investment.</p><p class=“MsoNormal“>That hands-off approach
is a method that you may appreciate in your retirement, as it would allow you
to spend less time monitoring your investments, and more on leisurely or
recreational activities.</p><p class=“MsoNormal“>In choosing ideal funds
to bet on, you can consider ones that follow the S&P 500 index or the
overall bond market.</p><p class=“MsoNormal“>Additionally, taking a
broad look at your portfolio and putting money into diversified index funds may
help you generate profit near the amount of the market’s total return, which is
often higher than what many active investors make.</p><p class=“MsoNormal“>Cut Down on Individual
Stocks</p><p class=“MsoNormal“>Preparing for
retirement signals the time to reassess your individual stock holdings. If
single-stock investments still make up a pretty significant part of your
portfolio, you may need to consider reducing some of those positions.</p><p class=“MsoNormal“>That’s because
idiosyncratic risk is endemic to many individual stocks of companies. You can
minimize this type of risk by focusing on diversifying your investments,
determining a suitable asset allocation, and setting a target amount for
saving.</p><p class=“MsoNormal“>Have Enough Cash</p><p class=“MsoNormal“>Having a sufficient
cash reserve during retirement can be crucial since it can provide the
flexibility you may need in times of emergencies or unexpected expenses.</p><p class=“MsoNormal“>Relying on your stock
positions to pay for your unforeseen expenses is a risky decision in
retirement. On the other hand, keeping an adequate amount of cash during a crisis
can give you financial peace of mind.</p><p class=“MsoNormal“>Instead of opening a
brokerage account, a <a target=“_blank“ href=“https://vhnx.com/signup“ target=“_blank“>high-yield savings
account</a> that you can access anytime would be a better option for storing
your fully liquid funds.</p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>The focus in markets so far today has been the terrible set of economic data releases from China earlier in Asia trading. In case you missed it, you can check out Eamonn’s posts earlier here:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/chinas-jobless-rate-for-16-to-24-year-olds-has-hit-its-highest-ever-recorded-20220815/“ target=“_blank“>China’s jobless rate for 16 to 24 year olds has hit its highest ever recorded</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/lack-of-demand-for-loans-in-china-is-bringing-recession-fears-20220815/“ target=“_blank“>Lack of demand for loans in China is bringing recession fears</a></li></ul><p style=““ class=“text-align-justify“>As much as it looks bad, things could very well be much worse beyond the surface. The solution that China has been sticking to mostly in the pandemic recovery is to look towards the PBOC. However, what the data is telling us is that monetary policy alone just isn’t enough to bolster the economy – at least in a meaningful manner.</p><p style=““ class=“text-align-justify“>The rate cuts and liquidity injections look spent at this point and there is no point in that if domestic demand just isn’t there. The collapse in loan demand conditions underscores that sentiment (I mean do rate cuts or borrowing supply mean anything when there isn’t any demand for loans?) and that points to some serious cracks within the foundations of the Chinese economy.</p><p style=““ class=“text-align-justify“>Beyond subsidies and tax cuts, the government needs to do more. There needs to be proper fiscal help to accompany monetary policy, otherwise there isn’t much else that the PBOC can really do.</p><p style=““ class=“text-align-justify“>The stop-start policy by the government with regards to COVID-19 handling is arguably a bigger problem than it is made out to be. Not only is it causing some form of social resonance, it also looks to be simultaneously keeping the economy in a stop-start kind of mood as well. If domestic demand doesn’t improve, that’s a big hole that needs to be filled for both the local and global economy.</p><p style=““ class=“text-align-justify“>And when China sneezes, the rest of the world catches a cold. So, keep that in mind for the outlook everywhere else.</p>

This article was written by Justin Low at www.forexlive.com.

<p class=“MsoNormal“>A career as a financial
advisor can be a great experience since it involves advising and guiding people
on building a <a target=“_blank“ href=“https://kaarat.com/“ target=“_blank“>financial or investment plan</a>
that works for their situation. To become one, you need to be licensed, work in
a firm, and gain experience.</p><p class=“MsoNormal“>Here’s further
information that you need to know about working as a financial advisor.</p><p class=“MsoNormal“>Financial Advisor in a
Nutshell</p><p class=“MsoNormal“>A financial advisor is
a financial expert specializing in providing clients with consultations and
recommendations related to financial planning, including investments,
insurance, and savings, among other things.</p><p class=“MsoNormal“>Financial advisors can
also assist in other financial matters besides giving investment advice. They
can guide you on retirement planning, tax management, marriage, and childbirth.</p><p class=“MsoNormal“>The Job of Financial
Advisors</p><p class=“MsoNormal“>Financial advisors
offer various services that aim to achieve the same objective. Helping clients
meet their financial goals.</p><p class=“MsoNormal“>Still, analyzing
investments and strategies is a big part of their job as advisors. That
includes staying updated with the latest trends, knowing how different assets
work, and when to buy and sell them.</p><p class=“MsoNormal“>Meeting clients is also
another essential part of a financial advisor’s job. Meeting clients would
allow them to understand their clients and gain information about their
financial needs and situation, factors that would help determine suitable
investments and approach for them.</p><p class=“MsoNormal“>Not All Financial
Advisors Are the Same</p><p class=“MsoNormal“>While several financial
advisors are stock brokers with the necessary licenses and enough understanding
of the financial industry to help clients choose appropriate investments and
approaches, some advisors deal with more particular financial matters.</p><p class=“MsoNormal“>Such advisors include
financial planners who work with clients to develop a detailed financial plan,
investment advisors who handle investors’ money, and analysts who look into
certain investments.</p><p class=“MsoNormal“>Here are some of the
financial advisors with more specialized skills:</p><p class=“MsoListParagraph“>· Certified Financial
Planner (CFP)</p><p class=“MsoNormal“>A CFP is a financial
advisor whose main job is to develop an in-depth financial plan for their
clients, usually individual investors.</p><p class=“MsoNormal“>The requirements to
become a CFP are pretty difficult to acquire. You will need to complete a
challenging education program, pass a CFP exam, prove your experience in
financial planning, and pass CFP fitness standards.</p><p class=“MsoListParagraph“>· Chartered Financial
Analyst (CFA)</p><p class=“MsoNormal“>CFA is a designation
given to financial experts certified by the CFA Institute.</p><p class=“MsoNormal“>CFAs mainly work on investment
analysis and determining the value of assets that investors buy and sell. Their
professional knowledge and experience are crucial to research analysts and
asset managers.</p><p class=“MsoListParagraph“>· Registered Investment
Advisor (RIA)</p><p class=“MsoNormal“>An RIA is a company
that provides investment advice to clients who are usually high-net-worth
individuals and institutional investors.</p><p class=“MsoNormal“>RIAs operate under the
supervision of the Securities and Exchange Commission (SEC) or individual
states. This financial expert hires individual financial advisors to make
investment decisions for clients. They may also manage investment portfolios on
their clients’ behalf.</p><p class=“MsoNormal“>Knowing if a Financial
Advisor Career is For You</p><p class=“MsoNormal“>Working as a financial
advisor has benefits and opportunities that would allow you to help people with
their financial and investment planning. Still, not everyone is fitted to
become a financial advisor.</p><p class=“MsoNormal“>Being a financial
advisor involves handling clients who may be worried or upset about their
current financial state.</p><p class=“MsoNormal“>In addition, you need
to be adept at dealing with numbers and have a solid grasp of different
financial concepts. You must also practice discipline and be organized to
properly keep up with the condition of clients’ accounts.</p><p class=“MsoNormal“>That said, working as a
financial advisor may suit you if you’re a hard worker and have a substantial
interest in helping others <a target=“_blank“ href=“https://kaarat.com/signup“ target=“_blank“>make sound
decisions</a> with their finances and investments.</p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>The recent fall in oil was somewhat defended around $88, near the 61.8 Fib retracement level at $88.04 and we are seeing that be called into question again today. Oil is being taken to the dumps after the recent bounce at the end of last week failed to get above $95 and its 200-day moving average (blue line).</p><p style=““ class=“text-align-justify“>Recession worries are a key headwind for oil at the moment and the latest headlines from China today will provide very little comfort on that front. All of this just adds to the recent controversy over the data that is also helping to drive sentiment in the oil market. Adam had a good post on that at the start of this month <a target=“_blank“ href=“https://www.forexlive.com/news/the-data-thats-driving-the-rout-in-oil-prices-is-barely-believable-20220804/“ target=“_blank“>here</a>.</p><p style=““ class=“text-align-justify“>Anyway, the technicals are now doing the talking for oil and if we do see a firm break below $88 then that will open up room to roam to the downside towards $80 next.</p>

This article was written by Justin Low at www.forexlive.com.

<p>In this video, I preview the upcoming week in the forex market with the focus on the major <a target=“_blank“ href=“https://www.forexlive.com/terms/c/currencies/“ target=“_blank“ id=“a2f59963-20d4-4f98-a1fa-bba46ae77d17_1″ class=“terms__main-term“>currencies</a> vs the USD. </p><p>I also talk a little a bit about some of the things I hope you can get out of the videos that I have been doing to make you a better trader. </p><p>Please free to comment or give a thumbs up or thumbs down. </p>

This article was written by Greg Michalowski at www.forexlive.com.

<ul><li> Today’s daily candle, while closing only in apx 4 hours, is now showing a sign that bulls are failing to break the presented channel to the upside, following this 4th attempt to do so, on the daily timeframe. </li><li> Even if we had a coin flip (50% chance to win, 50% chance to lose) for this trade, the reward vs risk merits to short BTCUSD here. Why? Because the profit potential is double the risk, for the first part of this trade plan, and the profit potential is 4 times the risk, for the 2nd part of the trade plan, as shown within today’s BTCUSD technical analysis video</li></ul><ul><li> Furthermore, some traders can leave 25% of the position riding the possible down movement, since this channel, is also a potential bear flag</li></ul><p>Bitcoin technical analysis: Oscilators for BTCUSD on the daily timeframe</p><ul><li>Cryptocurrency ‚Fear and Greed Index‘ is now at neutral. This supports a notion that the size of the upcoming price moves in BTCUSD, up or down, are probably going to be neutral and not extreme. Thus, traders may want to take partial profits once the move of the trade goes in their favor. Still, this contrarian gauge is a delayed indicator, and future moves in crypto can always be surprising. As such, traders, at their discretion, may want to leave a part of the trade to run further, following their partial profit taking. On the stop loss side, traders should set that according to the BTCUSD price chart and their reward vs risk appetite and trade plan.</li></ul><p>An interesting double resistance on the BTCUSD price chart</p><p>Some traders seeking to short, may want to wait to possibly catch a more attractive entry price at the double resistance in the price range of $25250 to $25500. This would be above the round numer of $25k, which has got some ‚magnet‘ pull power for BTCUSD. The low of 12 May, an important pivot point in the price chart, is at $25338, and one of the two resistances shown in the image below:</p><ul><li>Addition to the bitcoin technical analysis on the hourly timeframe: An early sign of a failed breakout above the 25k key leve</li></ul><p>Interested in crypto? Visit ForexLive for <a target=“_blank“ href=“https://www.forexlive.com/technical-analysis“>technical analysis</a> and <a target=“_blank“ href=“https://www.forexlive.com/Cryptocurrency“>crypto news</a>.</p><p>Tags: , BTC, BTCUSD, bitcoin , bitcoin price forecast, bitcoin trade idea</p>

This article was written by Itai Levitan at www.forexlive.com.

<blockquote>There are not a lot of details available from BlackRock as yet. A statement from the firm:“Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities”</blockquote><p>BlackRock is the world’s largest asset manager, with circa US$9.5 trillion in assets under management.</p><p>BTC update:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.