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Business English - Let's have a look at the markets and what we can expect for 2020: COVID19, OIL & THE FED
il y a 5 ansBUSINESS TALK.
Crude Oil is down 9.91% at around $41.
https://www.tradingview.com/chart/?symbol=FX%3AUSOIL
Crude is down in 24 hours by almost 10%!
Unbelievable.
Whether or not you are buying into the current panic surrounding COVID19, it is clear that the economic impacts are already taking massive effect.
Interest rates have been slashed. A drop of 50 base points, and heading towards zero. The Dollar is down, pushing Euros and everything else up, except of course Crude which has bucked the trend.
What's going on?
In terms of business outlook for making money this year, I think it's important to have some savings and prepare for some shortages. Stock up on food and necessities. And have some films, and books to keep yourself busy if trade comes to a standstill.
Yes, I am a trader. But these days I only trade my English for a few dollars.
I have admiration for my students, (already numbering 3) who are under quarantine and continue to keep studying, with me and with their other studies and work. My wishes for those tough guys and girls living in Milan, Beijing and Hong Kong!
I am not making any predictions. Just commenting on the trading outlook, and it looks bad. On the bright side, I would suggest that when things come to a halt, you have time to read a book, study, because sooner or later things will find normality again.
If you don't believe your eyes. Close them tightly, open them again and re-read the information that is in front of you. I had to do it a few times.
Keep teaching, keep learning, take plenty of vitamins in the form of vegetables and fresh fruit, and let me know how your business and trading is going.
