UK Inflation along with global economies
Food inflation has risen for four months in a row, although price promotions are keeping a lid on it from running out of control. In July, energy prices may drop, given that Ofgem has decreased the price cap by 7 %. We still feel inflation may rise due to Operation Mayhem with Trump’s Tariffs and the market uncertainty Trump’s fight club with the rest of the world is a worrying thing and the USA consumer has changed its spending habits and we feel they are feeling the blow of economic disaster and cutting there cloth to suit there purse. Wanting a better deal for America and its citizens may take some time, driving a hard bargain with Corporate America, such as threatening Apple Inc with 25% taxation if they don’t manufacture in the USA seems a little communist but the day-to-day schizophrenia of Trump’s tariffs really means the white man’s medicine leaves a horrible taste in the mouth and we do hope the President gets back on track ASAP.
Charts: Look at Gaps and Moving Averages 15, 30, 60 and 100-day moving averages on a daily bar chart. Along with resistance and support, as well as trend lines. Patterns and stochastics. We feel the market has lost its shine in a lot of charts, and Gold is being squeezed sideways, waiting for a breakout. Some charts seem to indicate the stock or commodity will move higher, but we feel we may see another large correction on indexes and a large number of stocks will start to possibly trade lower.
What would happen in any other trading day with a US Durable Goods number that droped 6.3%? Why do you think Trump gave the news on EEC and Tariffs and the timing of it?
https://tradingeconomics.com/united-states/durable-goods-orders
The UK should tax gambling winnings the same way it calculates capital gains tax, and should tax online pornography at the same rate as alcohol or tobacco. There would be a police station on every street.
Bond Street used to be full of amazing designer shops such as Louis Vuitton,, etc but no more as the rich and comfortably off have deserted the UK, not only because of economic circumstances, but also due to a lack of feeling safe, which is a bad sign when minimart supermarkets in Chelsea and South Kensington look like fort knox or a Russian court room. This is in the Royal Borough of Chelsea and Kensington. Visit Battersea Power Station in the week and get a feel for foot traffic its a bit out of the way and hardly full of rich tourists. Bond Street and New Bond Street were at the very heart of the rag trade and in a prime location in the West End. All aboard the sinking ship, which is full of leaks known as the Unighted Kingdom.
Is the world economy and market being manipulated so a member of the British Royal Family can make out he is an ace investment banker or broker?
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