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Dollar tramples yen and safe-haven status, gold gains

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NEW YORK (Reuters) – The strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status while the rally in U.S. equities took a pause.

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 6, 2020. REUTERS/Lucas Jackson

Gold prices hit their highest level in seven years as investors sought safe-haven assets after a rise in the number of new coronavirus cases in South Korea and the price of oil rose, supported by China’s efforts to bolster its virus-weakened economy.

The dollar has surged almost 2% since Tuesday against the yen, reaching its highest in almost 10 months, and the greenback climbed to near three-year highs against the euro.

The dollar index of the world’s most-traded currencies rose 0.12% to its highest level since May 2017.

The index is up 3.6% this year. It also gained to its best levels of the year against China’s offshore yuan and MSCI’s index of emerging-market currencies.

A host of reasons were cited for the dollar’s move, ranging from the outperformance of the U.S. economy and corporate earnings to potential recessions in Japan and the euro zone.

A run of dire economic news out of Japan has stirred talk the country is already in recession and that Japanese funds were dumping local assets in favor of U.S. shares and gold.

“The strongest explanation (for the yen’s decline) is a widespread selling by Japanese asset managers amid growing fears about the health of Japan’s economy,” said Raffi Boyadijian, investment analyst at XM.

The yen’s slide is unusual because the exchange rate with the dollar has been unraveling from its close correlation to the price of gold and U.S. Treasury yields, a development that must be watched, he said.

“This raises question marks about whether the yen is losing some of its shine as the world’s preferred safe-haven currency,” Boyadijian said.

China reported a drop in new virus cases and announced an interest rate cut to buttress its economy. But South Korea recorded an increase in new cases, Japan reported two deaths and researchers said the pathogen seemed to spread more easily than previously believed.

A rally that had lifted major U.S. and European stock indexes to record highs this week lost steam, as investors fretted about the spread of the coronavirus outside of China.

MSCI’s gauge of stocks across the globe shed 0.84% and emerging market stocks lost 0.95%.

The pan-European STOXX 600 index lost 0.62%.

The Dow Jones Industrial Average fell 283.03 points, or 0.96%, to 29,065. The S&P 500 lost 30.99 points, or 0.92%, to 3,355.16 and the Nasdaq Composite dropped 131.33 points, or 1.34%, to 9,685.85.

Morgan Stanley’s multibillion-dollar buyout for E*Trade Financial boosted the discount brokerage’s shares.

E*Trade jumped 24.4% after Morgan Stanley offered to pay $13 billion in an all-stock deal, the biggest acquisition by a Wall Street bank since the financial crisis.

Morgan Stanley’s shares fell 3.6%.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.5% overnight, led by drops in Hong Kong’s Hang Seng and South Korea’s KOSPI.

Spot gold rose 0.3% to $1,616.74 an ounce, after hitting its highest since February 2013 at $1,622.19.

Oil prices rose further after a U.S. report showed a draw in gasoline inventories and a much smaller-than-anticipated rise in crude stocks.

U.S. gasoline stockpiles fell 2 million barrels in the week to Feb. 14. Analysts had estimated an increase of 400,000 barrels.

Data from the U.S. Energy Information Administration (EIA) showed that crude inventories rose only 414,000 barrels last week, compared with a 2.5 million-barrel rise that analysts had expected in a Reuters poll. [EIA/S]

Brent crude futures rose 58 cents to $59.70 a barrel and West Texas Intermediate gained 91 cents to $54.20 a barrel.

Demand for safe-haven U.S. Treasury debt was robust, driving the 30-year bond yield below the psychologically significant 2% level to its lowest since September 2019.

The 30-year bond last rose 39/32 in price to push its yield down to 1.9626%.

Benchmark 10-year notes last rose 17/32 in price to yield 1.5135%.

Reporting by Herbert Lash; additional reporting by Ritvik Carvalho in London; editing by Jonathan Oatis

Our Standards:The Thomson Reuters Trust Principles.

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Investors charge back into stocks on signs coronavirus spread is slowing

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LONDON (Reuters) – A drop in the number of new coronavirus cases and the Federal Reserve chairman’s optimistic view of the economy lifted world stocks for a third day on Wednesday and sparked a 2% rally in oil prices, on hopes the epidemic’s effects would be contained.

FILE PHOTO: An investor monitors share market prices in Kuala Lumpur, Malaysia, August 25, 2015. REUTERS/Olivia Harris.

China reported its lowest number of new coronavirus cases since late January, lending weight to a prediction from its senior medical adviser that the outbreak might be over by April. A continued decline in new cases would inflict would keep the epidemic from doing as much economic damage as initially feared,

Those reports encouraged investors to get back into equities at the expense of bonds, gold and the Japanese yen — safe-haven assets that benefited as the virus death toll mounted.

“The virus may retard the modest upturn in global trade and manufacturing output which we predict to unfold from the second quarter of 2020s. But it seems unlikely to derail it,” analysts at Berenberg told clients.

The damage to Western economies in particular “will likely be modest and mostly temporary,” the bank said.

MSCI’s global equity index rose 0.12% to stand just off Tuesday’s record highs .MIWD00000PUS. A pan-European equity index rose to a record as automobile stocks — which depend on exports to China — jumped 1.2% .SXAP.

Futures indicated Wall Street would extend gains from Tuesday, when the S&P 500 and Nasdaq posted record closing highs ESC1 [.N].

In Asia, mainland Chinese and Hong Kong shares rose almost 1% .CSI300. The offshore-traded yuan reached two-week highs CNH=D3. The Thai baht, Korean won and Taiwanese dollar, reliant on Chinese tourism and trade, gained 0.3% to 0.5% THB= KRW= TWD=. The yen slipped 0.3% JPY=EBS to a three-week low against the dollar.

Brent crude futures rose from 13-month lows, helped by the likelihood producers would cut output LCOc1. Brent is still down almost 20% from its peaks in early January.

Some noted it remained unclear whether the coronavirus had peaked. Some Chinese companies said they were laying off workers as supply chains for goods had ruptured.

“Evidence suggests the positive mood will continue, and we see some coordination in markets with oil rallying, base metals up and Treasuries coming under pressure,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney. But “I am not ready to buy risk assets yet.”

U.S. RESILIENCE

Yields on U.S. Treasuries and German Bunds US10YT=RR rose 3 to 4 basis points. Ten-year U.S. yields are now 13 bps off the four-and-a-half-month lows hit late January though almost 30 bps below where they started 2020.

Yields had risen on Tuesday after U.S. Federal Reserve Chair Jerome Powell said the U.S. economy was “resilient”. Powell also said he was monitoring the coronavirus, because it could lead to disruptions that affect the global economy.

The dollar had risen to four-month highs against a basket of currencies .DXY but inched off those levels on Wednesday.

U.S. markets also got a boost from signs President Donald Trump might be re-elected in November, since centrist candidates for the Democratic nomination appear to be struggling .

“Trump had a great start into the U.S. election season. After the early end of the impeachment trial in the Senate and the Iowa caucus chaos for the Democrats, betting markets suggest that Trump has a 58% probability of winning re-election on 3 November,” Berenberg noted.

The day’s big currency mover was the New Zealand dollar NZD=D3, which rose 0.8% for its biggest daily gain since December, after the central bank dropped a reference to further rate cuts, suggesting its easing cycle might be over.

Additional reporting by Stanley White in Tokyo, editing by Larry King

Our Standards:The Thomson Reuters Trust Principles.

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Any Time Lotto System – Discover 5 Easy Steps To Win The Lotto Safely



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Welcome to Any Time Lotto, the system that will help increase your odds at winning the lotto.

The information below is based on proven winnings.

This YouTube Channel was created to give you an insight of how probability overpowers luck!

When was the last time you’ve won anything in lottery games? Well, lotto tickets may seem like a long away to happiness, but there is a simple method that can help you maximize your chances of winning the lotto.

How do you win the lotto?
Simple! Firstly, you need a lotto ticket to enter your numbers and a piece of paper to calculate your future winning numbers.

Step 1:

Choose five numbers from 1 to 13 to create your 5 number code sequence, e.g: 2.10.10.10.2

The 5 numbers that you choose can be used more than once in the sequence (as long as they don’t exceed the total sum of 45 or 50)
(Applicable to Tattslotto/Keno or any other 6 number lotto system in the world). If you’re in Australia, the total sum of the 5 numbers that you choose should not exceed 45 as there are only 45 numbers in the Australian lotto system.
If you are in the UK, the sum should not exceed 50. The code will be explained below. This code is what helps you to choose the lotto probability.

Step 2:

Using your 5 code sequence 2.10.10.10.2 add 1 to the first number. You can now set up your six numbers to play the lotto. See below for an example of the calculation.
1+2 =33+10=1313+10=2323+10=3333+2=35

To further break this down and understand the above calculations see below:

1 (the starting number) + 2 (your 1st number in your 5 code sequence) = 3
3 (the 2nd number which is the total sum of the 1st and second number above) + 10 (your 2nd number in your 5 code sequence) =13
13 (sum of the 2nd and 3rd number) +10 (3rd number in your 5 code sequence) =23
23 (sum of 3rd number and 4th number in your 5 code sequence) + 10 (the 4th number in your 5 code sequence) =33
33 (sum of the 4th number and your 5th number in your 5 code sequence) + 2 (your final number in your 5 code sequence) = 35(sum of the final calculation and the final number in your 5 code sequence)

Step 3:

You now have your 6 numbers that are a result of calculating one number with the next in line of your 5 code number sequence: 1.3.13.23.33.35

Step 4:

Underneath your 6 numbers, write down the number that is one number higher than the number lined up above it. For example:

1.3.13.23.33.35
2.4.14.24.34.36

You’ll see that the number 2 is one number higher than the one above it (1).
The number 4 is one number higher than the one above (3)
Keep repeating this pattern and create enough rows till your final number is 45 (Australia) or 50 (UK)

See below for an example:

1.3.13.23.33.35
2.4.14.24.34.36
3.5.15.25.35.37
4.6.16.26.36.38
5.7.17.27.37.39
6.8.18.28.38.40
7.9.19.29.39.41
8.10.20.30.40.42
9.11.21.31.41.43
10.12.22.32.42.44
11.13.23.33.43.45

Step 5:

In order to make sure that your 5 number code sequence is correct, subtract the last number from the number before it starting from right to left. e.g. 1.3.13.23.33.35

35 — 33 = 2
33 — 23 = 10
23 — 13 = 10
13 — 3 = 10
3 — 1 = 2

Repeat this across all rows to prove this code is correct.
See below.
1.3.13.23.33.35
2.4.14.24.34.36
3.5.15.25.35.37
4.6.16.26.36.38
5.7.17.27.37.39
6.8.18.28.38.40
7.9.19.29.39.41
8.10.20.30.40.42
9.11.21.31.41.43
10.12.22.32.42.44
11.13.23.33.43.45

Get the picture? These are the combinations from 1 to 45, based on the Australian lotto system.

It is easy to play this way than try to randomly guess numbers from 1 to 45. You should be able to play using this method. Go ahead and play for at least six months using the same 5 number code sequence.

I hope this simple 5 step explanation helped you understand how to increase your chances at winning the lotto!

If you have any questions, please email anytimelotto@gmail.com

This information is presented as a tip and not to encourage gambling. This system was designed to increase your odds. Please make sure to play safely and responsibly. DO NOT spend your money on lottery and lotto tickets! Remember, even with the best system in the world, the odds are still against everyone. This information is ©copyright 2012 AnyTimeLotto.com
All rights reserved.

Again, thank you for reading any time lotto!

For future methods on increasing your chances at winning the lotto, please download the program and subscribe to this website.

Subscribe with us: www.youtube.com/lotterycodes

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Waning ECB stimulus bets push bond yields higher

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LONDON (Reuters) – Global bond yields rose on Monday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy this week and rising hopes that Berlin could loosen its purse strings.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 6, 2019. REUTERS/Staff/File Photo

Germany’s 30-year benchmark bond yield briefly broke into positive territory for the first time in more than a month, while U.S. Treasury yields climbed to 18-day highs.

Safe-haven assets have been caught up in the fixed income sell-off, with gold XAU= touching a one-month trough and Japan’s yen plumbing a five-week low. But equities failed to make gains, as weak Chinese producer prices data dampened the mood.

The bond moves comes as markets are gearing up for Thursday’s European Central Bank (ECB) meeting, which is widely expected to deliver a cut to interest rates and point to further bond-buying stimulus.

However, there is a growing chorus of opinion that ECB policymakers and other central banks with negative interest rates and sub-zero long-term sovereign bond yields are nearing the limits of stimulus policies.

Germany also starts to debate its 2020 budget in parliament later in the day, where Finance Minister Olaf Scholz’s speech will be scrutinized after Reuters reported Berlin was looking into creating a “shadow budget” to boost public investment and effectively circumvent limits set by its national debt rules.

“These stories have become more frequent in recent weeks,” said Deutsche Bank’s Jim Reid. “Whilst the market always gets more excited by the headlines than is justified by hard evidence of any change in policy, it’s fair to conclude that market pressure and chatter on this story is building.”

Europe’s largest economy is teetering on the brink of recession, but strict national spending rules have tied policymakers hands on fiscal policy.

The U.S. Federal Reserve is also widely expected to cut interest rates next week as policymakers race to shield the global economy from risks, which also include Britain’s planned exit from the European Union.

With interest rates plumbing record lows in many countries and the effectiveness of further bond-buying muted by already record-low borrowing costs for governments, attention has turned to increased public spending or tax cuts to fire up growth.

A CHINESE CLOUD

The sell-off in fixed income markets failed to lift global stocks, where the mood was subdued amid concerns over the health of the world economy.

Data showing China’s mainland factory-gate prices shrank at their fastest pace in three years, as flagging demand at home and abroad forced some businesses to slash prices, saw Asian bourses slip lower.

In Europe, the pan-European stocks benchmark index STOXX 600 fell 0.4% in a second day of losses.

China-sensitive German stocks .GDAXI eased 0.3% while France’s CAC .FCHI dropped 0.6%.

“China inflation data was probably the worst combination of prints the market could have hoped for,” said Stephen Innes, Market Strategist AXI Trader.

“While the enormous slide in China factory gate prices reminded us of what we already know, U.S. tariffs are sinking the Chinese economy and at a much quicker pace than anyone could have imagined.”

However, climbing bond yields helped lift European banking stocks .SX7P 0.3% – one of the few sectors in the black.

U.S. stock futures pointed to a lower open on Wall Street after the S&P 500 .SPX ended flat in New York on Monday.

In currencies, the rise in Treasury yields helped lift the dollar to touch a five-week high of 107.50 yen JPY=EBS. The euro EUR=EBS was flat at $1.104 after reaching an overnight high of $1.1067.

The pound GBP=D3 traded near a six-week high of $1.2385 after a law came into force demanding that Prime Minister Boris Johnson delay Britain’s departure from the European Union unless he can strike a divorce deal with the bloc.

Oil futures hit their highest level in six weeks in Asia after Saudi Arabia’s new energy minister confirmed he would stick with his country’s policy of limiting crude output to support prices.

U.S. crude traded at $57.97 a barrel after hitting the highest since July 31. Brent crude futures climbed to $62.67 a barrel.

Prince Abdulaziz bin Salman, who became Saudi Arabia’s new energy minister on Sunday, told reporters there would be “no radical” change in Saudi’s oil policy. Saudi Arabia is OPEC’s de facto leader.

Reporting by Karin Strohecker in London, additional reporting and graphic by Sujata Rao in London, additional reporting by Stanley White in Tokyo; Editing by Lincoln Feast, Sam Holmes and Alex Richardson

Our Standards:The Thomson Reuters Trust Principles.

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