Senior Research Analyst at FXTM
It is
official, the UK economy has entered a recession for the first time in 11
years. Economic growth during the second quarter was abysmal, plunging 20.4%
after a 2.2% fall in the first three months of 2020. This was the largest
recession on record and worst GDP seen in Western Europe. To rub salt into the
wound, data released earlier in the week revealed an estimated one million jobs
had already been erased during the coronavirus induced lockdown.
Fellow #Nigerians, are you
aware that our #crude #oil will soon become useless? Yes, it will, in no
distant time, become #valueless owing to the fact that the #countries that rely
on it as their only source of #energy are developing more affordable #alternative
sources of energy. When this finally happens, what will we do? How are we
currently preparing for this imminent #economic doom? Which other sector will
continue to stabilize our economy? Nigerians, the only #solution is developing
the #agricultural sector. In fact, this is the only #solution. Very soon, the
major source of revenue will become agriculture and #agro-exports. How are you
positioning yourself to play big in agro-export #business? Why don’t you get a
practical manual that explains the stages of export trade from #processing and #packaging
of #commodities to receipt of #payment by the #foreign buyers? Yes, arm
yourself with the #contemporary #trends in #export #trade. This manual explains
export #operations, export #management, export #documentations and methods of #payment
in export trade? Yes, it is a contemporary step-by-step guide to export trade.
It tells all the contemporary dynamics in export trade. To get it, click on this
link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The
current recession in the United Kingdom will certainly have negative impacts on
bilateral trade between Nigeria and the United Kingdom. A possible spillover
effect on Nigeria amid a reduction in trade and investment could enforce
further pressure on the country which already entangled in a fierce battle
against COVID-19.
As we
move deeper into the third quarter of 2020, the outlook for Nigeria will remain
influenced by not only the coronavirus developments but Oil prices and
implementation of the revised 2020 budget of N10.81trillion.
Given
how the economic calendar for Nigeria is void of Tier 1 economic releases this
week, expect the Naira to be impacted by Dollar shortages and local stocks to
remain influenced by domestic risks.
Do you know that the kind of #vehicle
you drive goes a very long way in affecting your #image? Yes, your vehicle
tells people, including your #prospective #clients, how #comfortable you are. #Comfort
is directly proportional to #competence. Of course, if you are competent in
what you do, you will be comfortable enough to afford at least a #brand #new
vehicle. Have you ever wondered why #banks and other #financial #institutions
give their #marketers brand new cars? Your level of comfort goes a long way in
determining if your prospective clients will trust you. The reason why you have
not won those contracts or deals could be because your prospective customers
think that you are incompetent owing to how worn-out your car is. Yes, the onus
is on you to acquire brand new cars. Top sales people buy new cars every year. Do
you know what? That worn-out vehicle that you currently drive can look like a
brand new one. We, at GOF AUTOS LIMITED can make it possible via total #body #work,
#refurbishing, #priming, #painting with the best #paint in the #world called #SIKKENS
#PAINT, #OVEN #BAKING with a world-class oven and #BUFFERING. #Blue-chip #companies,
#CEOs and top #managers give us all their worn-out vehicles for body work. You,
too, can enjoy our world-class services. For details about GOF Autos Limited,
click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html
Commodity
spotlight – Gold
It has
been a wild week for Gold. The precious metal experienced some hefty profit
taking with prices plunging as low as $1863 yesterday before rebounding back
above $1900. With US 10-year Treasury yield jumping the highest level since
early July, this dented some of Gold’s allure.
However,
the outlook for Gold remains bullish, with this current pullback potentially
opening the path to fresh all-time highs as fundamentals stimulate appetite for
the metal. Looking at the technical picture, a weekly close above $1900 could
signal further upside in the medium term.
Extra-smart
#people deserve extra-smart #investment in #landed #properties at the new #Lagos,
otherwise known as #Ibeju #Lekki. This is where great #developmental #projects
are currently going on and in the next two years, it will surpass #Lekki Phase
1 Estate. Are you aware that #Lekki #Port will commence full operations in
2022? This implies #port #operations and #development are shifting from #Apapa
to Ibeju-Lekki. Any plot of land you buy in Ibeju-Lekki now will appreciate by excess
of 200% in 2022. Other notable attraction here include: Lekki #Free #Trade #Zone,
#Dangote #Refineries, Eleko #Beach, Lekki, New #Epe #International #Airport, #Eleganza
#Industrial #Estate, Pan #Atlantic #University etc. If you have not invested
heavily in landed properties, you have not landed. Acquire genuine plots and
hectares of land free from government encumbrance in our estates at
Ibeju-Lekki. For details, click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html
For
those who like to look at Gold on the shorter timeframe, keep a close eye on
how prices react around the $1900 psychological level on the H4 charts.
Weakness below this level could trigger a decline towards $1870.
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