The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013.
The US is losing its $ dominance.
Spend twenty minutes per week browsing Investment Tools and you will be better informed than most financial experts!
Solar Flux Hits New High & Big Flares Possible Now | Space Weather News 11.26.2020
Tamitha Skov: For all my Forecast Shortie Patrons, here is my full Space Weather News forecast a full 12 hours before anyone else gets access! This week we see a fundamental change in our star as solar flux skyrockets and surpasses 100 for the first time in several years! If any of you have seen my lectures on how Solar Cycle 25 will ramp up then you know this is exactly what we expect when we cross the terminator into the new cycle. Expect solar flux to continue to climb and activity to increase over the coming months. If anyone has been doubting the arrival of Cycle 25, doubt no more! On top of the solar flux increase, we also have multiple solar storms, including the first full-halo eruption of this new cycle. Although this is a far-sided eruption and not earth-directed, it does signal that the Sun is launching powerful solar storms again! we will keep our eye on this region as it rotates into view. Add to this the fast solar wind that brought us to G1-storm levels and might still cause aurora to dip into mid-latitudes this week, and it feels like we are definitely climbing out of solar minimum and on our way to a more vibrant Sun!
As always, I am including the You Tube description and 5-day outlooks below.
Sugar (USDA): Global production for Marketing Year (MY) 2020/21 is estimated up 16 million metric tons raw value (tons) to 182 million, with Brazil expected to account for three-fourths of the surge. Consumption is expected to rise due to growth in markets such as India, China, Indonesia, and Iran and is estimated to draw stocks lower despite a rebound in output. Exports are expected to be up sharply with rising supplies (particularly in Brazil).
Notes Today:
(FT) Facebook allowed ads in the UK that tried to sell cures for Covid-19 including vitamin shots and intravenous drips.
(Reuters) - Failure by Britain and the European Union to agree a free trade deal would wipe an extra 2% off the United Kingdom’s economic output while driving up inflation, unemployment and public borrowing, official forecasts showed on Wednesday.
Flynn pardoned.
Initial jobless claims rose by 30,000 to 778,000
in the week ended Nov. 21, according to Labor Department data. Not seasonal adjusted
it rose by 78,000.
Notes Today:
There’s little evidence that herd immunity is helping Sweden combat the coronavirus, according to the country’s top epidemiologist. (642 deaths per 1M Pop.)
Reuters: The Conference Board’s consumer confidence index dropped to a reading of 96.1 this month from 101.4 in October. Economists polled by Reuters had forecast the index falling to a reading of 98 in November. The index was at 132.6 in February.
It is refreshing when you read something about the US government
(upcoming) and it makes you calmer instead of upsetting you. Have not
experienced that in years.
John Kerry: America will
soon have a government that treats the climate crisis as the urgent national
security threat it is. I'm proud to partner with the President-elect, our
allies, and the young leaders of the climate movement to take on this crisis as
the President's Climate Envoy.