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Zig’s Place Chat and News Early Friday AM 4-23-21

Zig:  Welcome to zig’s place, a chat room for dinar speculators and others….discuss any topic that you wish here

butterfly   2021-04-23 05:18  Shafaq News/ The dollar was hemmed into a narrow trading range near multi-week lows against its major peers on Friday, as traders contemplate the next moves by major central banks ahead of a U.S. Federal Reserve meeting next week.

Cryptocurrency ether tumbled more than 10% and bigger rival bitcoin slid 5% amid speculation that U.S. President Joe Biden’s plan to raise capital gains taxes will curb investment in digital assets.  The euro nursed losses after European Central Bank President Christine Lagarde squashed expectations that policymakers will start to consider a tapering of bond purchases due to an improving economic outlook.

Fed Chairman Jerome Powell is likely to repeat Lagarde’s message that talk of tapering is premature, which would put downward pressure on Treasury yields and cap the dollar’s gains against most currencies.

“Powell has to reiterate the continuation of easy monetary policy just like Lagarde,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.

“As a result, the dollar is likely to fall against the yen, but the larger trend for the dollar is still mixed. The dollar can still rise against commodity currencies if commodity prices start falling again.”

The dollar slid as low as 107.80 yen on Friday, the lowest since March 4.

The euro stood at $1.2027 after dropping 0.2% on Thursday. It was still not far from the seven-week high of $1.2080 set earlier this week.

The Australian and New Zealand dollars firmed on Friday, but traders said risks are pointed to the downside due to a recent weakening in commodity prices.

The British pound was quoted at $1.38535 following a 0.6% loss the previous session.

The Fed’s next meeting ends on April 28, and while no major policy changes are expected, investors are paying close attention to any comments about the chance of scaling back monetary easing in the future.

butterfly  Rising coronavirus vaccination rates and an improving economic outlook are reasons to be optimistic, but investors are scaling back expectations for a withdrawal of monetary easing after Lagarde said talk of phasing out emergency bond purchases is premature, analysts said.

Data on manufacturing and services activity in both the United States and Germany are due later on Friday, which could support positive economic sentiment, but the dollar and the euro are unlikely to move much as investors stick to the sidelines before the Fed’s meeting, analysts said.

In cryptocurrencies, ether was some 7% lower at about $2,234 and earlier dipped as low as $2,116, retreating from the record high of $2,645.97 set on Thursday after President Biden unveiled a plan to nearly double taxes on capital gains for people earning more than $1 million.

Bitcoin slumped 4.2% to below $50,000, and briefly touched $48,338. It has fallen every day but two since reaching a record high of $64,895.22 on April 14.  Source: Reuters

butterfly  2021-04-22 02:16   Shafaq News / The dollar exchange rates dropped in the Iraqi market today, Thursday (April 22, 2021).

  • The Kifah Stock Exchange recorded 147,800 dinars, for $ 100.
  • The Al-Harthiya Stock Exchange recorded 147,800 dinars for 100 dollars.

In Baghdad –  Selling prices in the banking stores in the local markets

  • Sale price: 148,250 dinars for $ 100   • Purchase price: 147,250 dinars for $ 100

In Erbil –   Selling prices in the banking stores in the local markets

  • Sale price: 148,000 dinars for $ 100   • Purchase price: 147,500 dinars for $ 100

butterfly  2021-04-23 05:40   Shafaq News / At least 50 members of the Iraqi parliament have tested positive for Covid-19, parliamentary source said on Friday.

All 50 members of the 329-member parliament are of mild to moderate Covid-19 cases.

11 of the 50 infected MPs are in critical health condition, and in need for mechanical ventilation according to the source.

Four deputies and a parliamentary official so far died from Covid-19.

The infected cases in Iraq exceeded one million (1,010,304), its death toll reaches 15,128.

Iraq is in the 25th place worldwide and the 5th in Asia in the number of cases.

butterfly   201-04-23 04:32   Shafaq News/ Israel administration has instructed the delegation traveling to Washington next week for strategic talks on Iran to stress their objection to a U.S. return to the nuclear deal with Iran, The Israeli Public Broadcasting Corporation said.

The Israeli position is the same when the 2015 nuclear deal was announced during Obama’s administration,

Senior Israeli national security officials will travel to Washington next week for talks on Iran. They include national security adviser Meir Ben-Shabbat, Israel Defense Forces Chief of Staff Gen. Aviv Kochavi, military intelligence chief Tamir Hayman and Mossad director Yossi Cohen.

Netanyahu convened a meeting on Thursday with those officials, Minister of Defense Benny Gantz and Foreign Minister Gabi Ashkenazi to discuss the policies that will be presented in Washington.

The decision at the end of the meeting was to stress that a return to the deal would put Israel in danger, and to otherwise decline to discuss the talks in Vienna, Axios reported Israeli official saying.

During the meeting on Thursday, Netanyahu stressed that Israel is not a part in the nuclear deal and is therefore not bound by it in any way.

Netanyahu, Gantz and Ashkenazi decided that Israel would be willing to discuss the parameters of a “longer and stronger” nuclear deal in the future, if the U.S. and other world powers decide to go in that direction, per Israeli officials. Axios reported.

For his part, Israeli Ambassador to the US and UN Gilad Erdan said on Twitter, “Today, I told the UNSC that Israel is the only country in the world that the Iranian regime threatens to annihilate and we will not be bound by any agreement that does not fully address this threat.”

the gaps over Iran between the Israeli government and the Biden administration are growing as nuclear talks in Vienna enter a critical stage.

butterfly Based on Baghdad’s desire, the US Central Command: We will not reduce the number of our forces in Iraq

Friday 23, April 2021 11:27 The US Central Command announced that the United States will not reduce the number of its forces in Iraq, “according to Baghdad’s desire.”

“Iraq wants us to stay, and we will not reduce the number of forces there,” said Central Command Commander Kenneth McKinsey, at a news conference.

He added that he “does not believe that the United States is“ on the verge of engaging in a war in the Middle East. ”

Regarding the decision to withdraw US forces from Afghanistan in early May, McKinsey indicated that Washington“ will support its allies in Afghanistan after its withdrawal, but it will not be on the ground. ” In Afghanistan. ”

He stressed that the US forces would remain“ ready ”to deal with any terrorist threat coming from Afghanistan.

In mid-April, US President Joe Biden announced that his administration will end the presence of its forces in Afghanistan by the anniversary of the events of September 11, according to a timetable, starting on May 1.

butterfly Troops will not be leaving Iraq as so many have stated in the past.

Doug_W  Iraq is a giant CF

butterfly LOL I have no idea what CF means Doug

butterfly  I am referring to those that said, before I even starting posting articles,,,,,,,,,,,,,that our troops would be leaving Iraq…..they want our butts out of there. Since I started posting articles, I’ve never seen an article about kicking the troops out. First, why would they? Second, we have an embassy there.

Doug_W  butterfly politely stated its a “Cluster Fornication”

butterfly  Doug_W LOL OK I think I can read into that…..LOL

Doug_W   smart lady

butterfly   I still go with what the IMF stated, Iraq should be stable around 2024. BUT that doesn’t mean we are going to be rewarded on our investment…..of course, you know this is just my opinion.

Doug_W   very true

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