ForexPeaceArmy
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ForexPeaceArmy.com

Analysis of hot economical, political global events, rumors and humor
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☝️☢️🗣 - 🇺🇸🏦📈US Secretary of the Treasury Yellen: Banking Industry Capital and Liquidity Levels are High.

No, it's not.
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☝️☢️🗣 - 🇺🇸🆘Binance US delists about 100 trading pairs and suspends over-the-counter trading (OTC) on June 8th.

BTC, ETH, BNB on Binance US trading above the market:

▪️ BTC is more expensive by $1681.
▪️ ETH for $124.
▪️ BNB for $17.

Previously: Binance US vs SEC👇🏻
Court Grants SEC Petition to Freeze Binance US Assets

▪️ The assets of BAM Management and BAM Trading, subsidiaries of the US crypto exchange Binance, will be frozen.

▪️ The crypto exchange is obliged within 10 days to return to customers all fiat currencies and crypto assets that are on the Binance US account.
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☝️☢️🗣 - 🇺🇸U.S. Treasury Secretary Janet Yellen said on Wednesday it's not surprising to see further consolidation in the banking sector as some of them are under pressure on profits *Conspiracy Theory Confirmed*😁

😎They deliberately cause a Banking Crisis to introduce CBDC Digital💰 leaving only the main Banks? 🤔
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☝️☢️🗣 - 🇺🇸The Fed is launching FedNow next month, setting the stage for CBDC Digital💰USA.

There is much discussion about whether the introduction of this service marks the beginning of events that will change the entire system. Source
☝️☢️🗣 - 🇺🇸Fox Business insider: “CZ Binance has been subpoenaed by the US District Court!”

Now it is wide discussion concerning CBDC. Like, everything that's happening right now is preparation for CBDC Digital💰USA, but they need a crisis first...

▪️ Yellen started issuing Treasuries on June 5
▪️ SEC started to freeze crypto exchanges on June 5
▪️ Ukrainian counteroffensive on June 5
▪️ The US and Australia announce the delivery of F-18s to Ukraine on June 5

Well, at least this is how followers of this idea present it👆🏻
🇨🇳 The yuan fell to a 2023 low after reports of a sharp fall in exports and amid speculation that the real numbers are much worse

✔️The market has not considered the possibility of devaluing the yuan for a long time: after the latest data on China's trade, it's time to seriously think about it again.
⚡️🇺🇸☢️👆It is an interesting article appeared yesterday in the Financial Times. Here is what the publication writes:

"The US government will issue $1.1 trillion in short-term Treasury bills by the end of 2023. Analysts are concerned that the huge volume of new issuance will lead to an increase in government bond yields. This will entail the withdrawal of cash from bank deposits, and will put pressure on banks .

The US is currently running a significant budget deficit and the QT is still in effect. If there is another large issuance of papers, then there will be increased volatility in the treasury market in the coming months."

All this can lead to the growth of the US dollar on FX.🤓

source: ft.com
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⚡️🇺🇸☢️🗣⚡️Meanwhile, there was a sensation in the investigations into the Biden family. The day before, the head of the Oversight Committee, James Comer , announced the start of a Congressional no-confidence procedure against FBI Director Christopher Ray due to the latter's refusal to provide the FBI document (Form FD-1023), allegedly revealing the Biden's machinations "in one country."

And just a few hours after the ultimatum was presented, Comer issued an official statement about the FBI's consent to provide the document :

“After weeks of refusing to even acknowledge the existence of the FD-1023 tape, the FBI relented and is now allowing all members of the Oversight and Accountability Committee to view this unclassified tape, which memorializes conversations between a confidential source and a foreign national who claimed to have bribed then Vice President Joe Biden ” .

That is, Christopher Ray suddenly retreated under the onslaught of the Republicans? This could be a radical turn for Biden. It is noteworthy that with a high degree of probability, the “one country” referred to in the document is Ukraine and the corruption episode with Burisma . At least that's the conclusion that can be drawn from the amount of the bribe that allegedly appears in the FBI records. We are talking about 5 million received by Biden when he was vice president. A similar order of money received is recorded by various bank documents on the firms of Biden and his partners, published back in 2019 .

Comer's application is more than serious. The oversight committee is going to hold a press conference today. Let's see what the "Biden files" from the FBI will open - the intrigue is serious, friends.

Adding fuel to the fire is a comment by Congresswoman Anna Paulina Luna , who tweeted following the results of the Oversight Committee hearing that " the FBI fears their whistleblower will be killed if exposed based on information he provided about the Biden family" .
⚡️🇺🇸☢️🗣Gary Gensler*:

We don't need more digital currencies... we already have a digital currency called the US dollar. For many centuries, it has never happened that the economy and the public needed more than 1 means of transferring value.

source: coindesk.com
* SEC Chairman
🇨🇳🇨🇺🇺🇸 Escalation is spinning up...
China
will pay Cuba to host a secret spy base where Beijing can spy on American ships and electronic communications in the US Southeast.

China and Cuba have reached a secret agreement for China to set up an electronic listening center on the island, in Beijing's new brazen geopolitical challenge to the US, according to US officials familiar with top-secret intelligence
⚡️🇺🇸☢️🗣Binance.US suspends US dollar deposits after crackdown by regulators

June 8 (Reuters) - Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as early as June 13, just days after U.S. regulators sued Binance and its CEO Changpeng Zhao.
☝️☢️🗣 - 🇺🇸The fourth largest American bank Wells Fargo has limited cash withdrawals to $1,000 due to "emergency conditions and in order to serve all customers" - write many on social networks

No comments...🤔
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☝️☢️🗣 - 🇺🇸 US macro data: Initial Jobless Claims

FACT: 261K
FORECAST: 235K
PREV: 233K

Highest level in 1.5 years
☝️☢️🗣 - 🇺🇸🏦 JPMorgan frightening: Growing gap between stocks and bonds threatens a 20% drop for stocks.
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🇺🇸🇬🇧U.S. President Biden and British Prime Minister Rishi Sunak signed the Atlantic Declaration, a first-of-its-kind economic partnership on AI and other economic and trade relations .

And the next one -

🇺🇸🇨🇳 The United States intends to impose certain restrictions on the investment of American capital in the Chinese economy, said US President Joe Biden, speaking on Thursday at a joint press conference with British Prime Minister Rishi Sunak.

Start smelling like AUKUS... It all fits.
🔥🤔
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Fed Bank Bailout Facility Breaks $100 Billion For First Time, Money Market Inflows Soar Again

✔️Unfortunately, things are not going well for the Fed - money market funds received $36.6 billion inflows to a new all-time high of $5.457 trillion . This is the 7th week of influx in a row (and the 12th of the last 13 weeks)...
....👆Which begs the question, if everything is so great - regional bank stocks are at 3-month highs - why would they need $100 billion in debt from the Fed?
The Fed hasn't been sitting idly by - its balance sheet rose unexpectedly by $3.47 billion - the biggest increase since the SVB bailout...

As for QT, the Fed sold assets for a very modest $2.4 billion

By the way, during the last press conference, Powell noted that they can adjust QT depending on the situation. However, it cannot be said that the published figures should somehow radically influence the market.
⚡️🇺🇸-👆Guys, do you understand something?

▪️The International Monetary Fund
has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to alter course with its rate-hiking cycle, CNBC reported on Sunday, citing IMF's Managing Director Kristalina Georgieva.

▪️Reuters - US hotel developers run out of cash as construction lending dries up.

Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.
⚡️🇪🇺🗣👆European Central Bank interest rate hikes could take longer than usual to pass through to the real economy and their impact may be more muted than usual, ECB board member Isabel Schnabel said in a newspaper interview.

"Given the current shortage of workers, one could expect monetary policy transmission to be weaker than usual," Belgian newspaper De Tijd quoted her as saying in an article published on Wednesday.