Live: Trading Government Lies & Statistics

by Marc Walton | Aug 4, 2023 | Forex Analysis

Speeches

Hi everyone,

In today’s webinar I explained why we shouldn’t believe everything we see in the media as most of the time it’s lies and they aren’t telling us the truth. They are not any smarter than us but are paid to well to hide the truth.

I went through the fundamentals at the beginning and explained the past few U.S. economy readings. After going through them all with you, you must have realized too that it just doesn’t make sense at all. That is how even James feels who wrote an article yesterday on the fundamentals.

I showed you all the stats that have been released and where the U.S. is at the moment, but even after all the negative data, the U.S. consumer sentiment is high! which doesn’t make sense. You can have a look at some of the figures using the links below

I do think inflation has slowed down, but dont think its at 3% already. Why? Prices of goods are still expensive, rent and mortgages are at all-time highs, and Credit card debt is now almost at $1 trillion. Clearly, the numbers are not right.

U.S credit card debt rises

long-term US mortgage rate rose to 6.39%

Mortgage delinquency

A new report shows that commercial real estates are at risk of around $ 64 billion in the U.S. The potential of this distress is around $155 billion if things get worse. If the businesses cant pay off the monthly amounts then we could start seeing bank filing for insolvency. We have seen a few of those in the past few months.

Commercial real estate in distress

It was announced yesterday that Yellow one of the U.S.’ largest transporters of goods has filed for bankruptcy. They were largely backed by the U.S government during COVID pandemic and had received $700 million in government loans. This will of course have a major impact on the economy as they employed 30,000 workers as of 2020.

Yellow shuts down in U.S

Also have a read through Marcs latest articles, he gives an outlook for August and also summarises what happened with the YEN.

Below is my AUDJPY trade on which I banked 365 pips in total and had taken partial profits last week. I go through it in the webinar as well and explained my reasoning behind it.

You can watch the full webinar below:

Kind regards,

Marc

None of the Forex Mentor Pro team nor its owners (expressly including but not limited to Marc Walton), officers, directors, employees, subsidiaries, affiliates, licensors, service providers, content providers and agents (all collectively hereinafter referred to as “Forex Mentor Pro ”) are financial advisers and nothing contained herein is intended to be or to be construed as financial advice

Forex Mentor Pro is not an investment advisory service, is not an investment adviser, and does not provide personalized financial advice or act as a financial advisor.

Forex Mentor Pro exists for educational purposes only, and the materials and information contained herein are for general informational purposes only. None of the information provided in the website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information on the website should not be relied upon for purposes of transacting securities or other investments.

You hereby understand and agree that Forex Mentor Pro, does not offer or provide tax, legal or investment advice and that you are responsible for consulting tax, legal, or financial professionals before acting on any information provided herein. “This report is not intended as a promotion of any particular products or investments and neither Forex Mentor Pro group nor any of its officers, directors, employees or representatives, in any way recommends or endorses any company, product, investment or opportunity which may be discussed herein.

The education and information presented herein is intended for a general audience and does not purport to be, nor should it be construed as, specific advice tailored to any individual. You are encouraged to discuss any opportunities with your attorney, accountant, financial professional or other advisor.

Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties of any kind, either expressed or implied. Forex Mentor Pro disclaims all warranties, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, title, or non-infringement. Forex Mentor Pro does not promise or guarantee any income or particular result from your use of the information contained herein. Forex Mentor Pro.com assumes no liability or responsibility for errors or omissions in the information contained herein.

Under no circumstances will Forex Mentor Pro be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content contained herein. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.

Marc Walton, owner of Forex Mentor Pro, communicates content and editorials on this site. Statements regarding his, or other contributors’ “commitment” to share their personal investing strategies should not be construed or interpreted to require the disclosure of investments and strategies that are personal in nature, part of their estate or tax planning or immaterial to the scope and nature of the Forex Mentor Pro philosophy.

All reasonable care has been taken that information published on Forex Mentor Pro website is correct at the time of publishing. However, Forex Mentor Pro does not guarantee the accuracy of the information published on its website nor can it be held responsible for any errors or omissions.