Moderate greed in crypto, greed in stocks is in the risk zone. Be cautious ♨️. Fear greed index

Fear and greed nasdaq

Fear and greed nasdaq, moderate greed in cryptocurrencies, greed in stocks is at risk. What are we trying to say?

fear greed index

Why was the stock market depressed on Friday? US: The overheated labor market doesn’t want to cool down. Fear and greed nasdaq

Statisticians traditionally revised the U.S. labor market numbers in February, with historical data revised up by 813,000, and the gain in employment in January was an incredulous 517,000, of which 443,000 was in the private sector. So quite unexpectedly there was another million employed, i.e., the labor market was even hotter than thought. Of course, the main thing here is the data revision, but compared to the December report, there were 1.3 million more people employed in January.
The unemployment rate in January was at its lowest level since 1969, dropping to 3.4%. Labor force participation rose slightly (62.4%), but it’s still decently below pre-decline levels. The labor force participation rate has also risen slightly to 60.2%, although it too remains below pre-set levels, and that’s with the current near-zero unemployment rate. The fact that the labor market has even improved in recent weeks was indicated by the benefits data, which fell below 200K per week, the current report has confirmed it.

With wages also turned out to be somewhat better, the slowdown in 2022 was lower than previously thought, and growth even accelerated somewhat in January. This was not due to an increase in hourly wages (+0.3% mom), but more to the estimate of hours worked. Production and non-management payrolls added 0.8% mom and 9.2% yoy, more than twice the average pre-crisis level.

It’s worth discounting the fact that this is a February report and revisions, but still, after seeing job openings rise sharply in December and amid record-low unemployment benefits, the market still looks like it’s very hot. And that will give the hawks at the Fed new arguments to kick the growing pigeonhole army. The market, on this, of course, is depressed …

A little clarity. ​​The Fed took it away, the Ministry of Finance added

The Fed continued to reduce the portfolio this week, removing $38 billion of government bonds from the balance sheet at once, over the past 4 weeks the portfolio has decreased by $60 billion – everything is according to plan. The Fed is not getting steadily on mortgages, but this is already a familiar story. The US Treasury, on the contrary, added $ 72 billion to the system, raising bank liquidity by $ 30 billion. Local fluctuations will occur here, but the main process will not change: the US Treasury will borrow little, the Fed will continue to QT, but the overall supply of public debt will be low. At the same time, the budget will spend the cache, adding liquidity, and the Fed will withdraw it through QT. And there will be such a swamp until Yellen runs out of cash on her accounts and “emergency measures” and the debt ceiling is raised – then the situation can shake up.

The US Treasury has published plans for the first half of the year, it needs to borrow $1.3 trillion in the market to end the half-year with $0.55 trillion in cash on the balance sheet. But they estimate the actual financing needs at $0.6 trillion for the first half of the year – this is due to the fact that annual taxes are paid in the second quarter and there is virtually no budget deficit. In this regard, Yellen, of course, rather catches up with fears, saying that the money will last until June, in reality they are quite capable of holding out until September without raising the ceiling, if there are no emergency expenses.
Interest expenses on debt in the 4th quarter have already officially amounted to $0.85 trillion (in annual terms, or 3.3% of GDP) – increased by 42% YoY. Net interest expenses adjusted for Fed payments and interest income in annual terms increased to $0.82 trillion (3.1% of GDP), which is 77% higher than in the 4th quarter of last year. By the end of the year, we expect more than $1 trillion in interest on the debt, which is comparable to the records of the 80s and a big fight over the budget.

Looking back at the decisions of the Fed and the ECB (the Bank of England does not count – they initially rather pretend that they are struggling with something, even though the head of the Central Bank said that this is not the end of the increase), although the Central Bank itself did not show much softness – they showed complete uncertainty, and if they themselves are not in why are you not sure – why should the market believe them and their forecasts? Well, the market generally does not believe them, but I think the market overestimates the softness of the Central Bank and underestimates the risks of recession and inflation …
#USA # inflation #economy #Fed #debt # rates #dollar

What did Powell tell us? Powell: postpone until March

What did Powell tell us? Powell: postpone until March

The press conference of the head of the Fed turned out to be even more insipid than her press release. Perhaps its main motive is only one thing: to raise it by the expected 25 bp and sit out until the March meeting, and then we’ll see. This is exactly what the entire speech of J. was dedicated to.Powell. He repeated dozens of times everything that the market has already heard many times and which he does not really believe.

In fact, trying (which is typical for the Fed under Powell) to sit behind the locomotive, because they are not sure of anything and (apparently) are very afraid to make a mistake again. The peak of the bid – we do not know, maybe higher, maybe lower… how long – some time, where it will turn – we will go there.

Powell said a lot of “I think”, “I think”, as a rule, everything he says after these phrases means a little more than nothing – it showed up well in the first term, the crown “I think inflation is temporary”, because he doesn’t have much of his own expertise.

“Powell is talking hawkishly at every opportunity he can, using all the standard phrases, but the dollar scoffs at this admonishment.” – in this comment, the whole attitude of the market to the signals of the Fed. When the market sees fear (to make a mistake) and uncertainty, it always bends its line. By the way, this does not mean at all that the market is right in its expectations, but while it bends, it bends.

It is possible to understand the Fed, the second mistake in a row can cost not only the chair to Powell himself, but also bear the quite material risk of losing the formal independence of the Fed, which forces them to take an extremely cautious position, leaving the doors open in all directions. But the markets are taking a very specific position, which threatens volatility on the one hand, while reducing the effectiveness of the Fed’s policy on the other.

Anyway, the Fed has suspended the situation until the March meeting, when they will have to publish forecasts. The markets interpret this as weakness, driving the dollar rates down, and risk assets and gold up. It is not a fact that this fuse will last for a long time, the first good reports on the labor market, or bad ones on inflation will be nervously perceived.
#Fed #rate #inflation #USA

 

It is not a recommendation for action.

“Praemonitus, praemunitus”

@ESG_Stock_Market

Bulls on Chinese stocks are hoping for a 10 percent market pullback before the Lunar New Year 2023 to buy a fall: BofA survey

Bulls on Chinese stocks 2023

Bulls on Chinese stocks are hoping for a 10 percent market pullback before the Lunar New Year to buy a fall: BofA survey

According to a Bank of America survey, investment managers from Hong Kong fear a decline in Chinese stock prices after a sharp rise over the past two months. Some funds are counting on a rollback before the Lunar New Year next week.

“Given the good results, some investors hope to make a profit on the eve of the Lunar New Year,” according to a report dated January 18 by equity strategists at the American bank. They waited for a 5-10% drop before replenishing their positions on dips, as the report showed.

The answer came from a survey of 80 fund managers in the city who attended several meetings and presentations held by Bank of America this month,
as analysts at Wall Street stores including Goldman Sachs, Morgan Stanley and JPMorgan predicted bullish market forecasts based on China’s opening.

Despite the short-term worries, investors are still “unabashedly optimistic,” according to the survey, as China’s economic recovery leaves more room for growth. While the assessment of MSCI China members has expanded to a long—term average multiple of 12 times earnings, “we expect more growth given the cyclical upswing in 2023,” the bank’s strategists added.

About 84% of respondents have a “net long position and overweight” in China, while 78% expect further growth in Chinese markets by 10-20% by the end of this year. About 74% of them believe that China’s markets will not reach their peak before June or even later.

Most financial managers named the internet sector as their top choice, followed by consumers and healthcare. The study showed that most investors prefer stocks registered in Hong Kong or New York to stocks traded on local markets. Most of all, they are concerned about a weaker-than-expected recovery in consumption, geopolitical tensions and negative government policies.

“All key risks on the domestic front have dissipated, with optimism about easing geopolitical tensions in the region this year as well,” Bank of America strategists, including Ajay Singh Kapoor, said in a separate note to clients on Tuesday.

He added that policies aimed at Covid-19, private sector regulation, geopolitics, the credit cycle and property are “more conducive to high stock returns,” and clients do not need to worry that the rally in China could exhaust itself.

However, the powerful rally is starting to falter as the lunar New Year approaches. Some investors have reduced their assets, said Zhang Yidong, chief global investment strategist at Industrial Securities in Shanghai.

Online classroom giant Koolearn has Tripled its Revenue by Switching to Live Streaming e-commerce

China’s most famous online school chain has tripled its sales in six months, switching to selling food and agricultural products live after Beijing’s abrupt ban on commercial extracurricular education in 2021, which upended the multibillion-dollar industry.

Koolearn Technology Holding, a subsidiary of Beijing-based private tutoring giant New Oriental Education & Technology Group, on Tuesday reported revenue of 2.08 billion yuan (US$307 million) from June to November, up 260% from the same period in 2021.

✔️ According to the interim report of a company registered in Hong Kong, companies related to live e-commerce generated more than 85% of total revenue.

The results show that Koolearn has “successfully turned into an online business for e-commerce,” analysts at Shanghai-based research and consulting company SWS Research said in a note.

Koolearn currently has more than 35 million subscribers on six accounts of Douyin, TikTok’s Chinese sibling, which boasts more than 600 million daily active users.

According to the interim report, the company placed more than 70 million orders in the six months ended November 2022, for a total transaction amount of 4.8 billion yuan.

The share price of Koolearn fell by more than 8% and closed at 61.9 Hong Kong dollars on Wednesday, compared with about 4 Hong Kong dollars at the beginning of June last year and exceeded the level before the crackdown.


TAL Education Report released

Key events of the third quarter of fiscal year 2023:

⛔️ Revenue amounted to 232.7M$, compared with revenue of 1,020.9M$ in the same period of the previous year.

✅ The loss from operations amounted to 32.9M$, compared with a loss from operations of 108.4M$ in the same period of the previous year.

➡️ The loss per American depositary share amounted to $0.08

✅ The amount of cash, cash equivalents and short-term investments is $3,040.5M as of November 30, 2022, compared to $2,708.7M as of February 28, 2022.

Key events for the 9 months ended November 30, 2022:

⛔️ Revenue of $750,8M, compared to revenue of $3,849,8M in the same period of the previous year.

✅ The loss from operations amounted to 46.3M$, compared with a loss from operations of 615.2M$ in the same period of the previous year.

✅ Income from non-GAAP operations excluding share-based compensation expenses was $35.9M, compared to a non-GAAP loss from operations of $440.5M in the same period of the previous year.

The first reaction of the market is a slight drop.

Credit Suisse is cautiously optimistic as mainland investors support China’s opening and foreign funds are unsure

According to Credit Suisse, mainland Chinese investors support Beijing’s reopening plan, even if foreign investors seem unsure.

“The overall message this year is cautious optimism,” said John Woods, the Swiss bank’s chief investment officer for Asia Pacific.

China is the main market for the bank’s clients in the Asia-Pacific region, among them pharmaceuticals, tourism and the Internet sector. According to Credit Suisse, high-yield bonds and investment-grade loans are among the main investment topics of the bank in the first half of 2023.

However, foreign investors do not yet believe in the story of China’s discovery due to concerns about the impact of the rapidly growing number of cases of infection on the growth and profits of companies, Woods said. China reopened its border with Hong Kong and the world on January 8 after almost three years, lifting strict quarantine requirements.

“Despite the fact that there is no suitable scenario to effectively manage the Covid-19 outbreak, the opening of China was too chaotic,” Woods said. Credit Suisse believes that it will take at least one quarter to normalize business activity.

At the same time, China is the only major economy that will expand this year, and it will attract attention and an influx of investors, Woods said. Credit Suisse predicts that China’s economy will grow by 4.5% in 2023. This will be much more than in the US and Europe, whose economies will be hampered by a possible recession and higher inflation.

According to Woods, despite the fact that China’s reopening scheme will be an easy task for some investors, there will be problems along the way as authorities respond to spikes in infections and re-infections.

“The opening of China will have a positive impact on tourism, travel, hospitality and entertainment, which will create a positive halo effect in other parts of Asia,” he added.

“The reopening will mean that millions of tourists and visitors will be able to enter Hong Kong, which will have a positive impact on the city’s economy and corporate income,” Woods said, adding that investors are rallying for shares of large companies.

But Woods said the business movement between Hong Kong and Singapore has always been cyclical, and investors will eventually return. People can move to Singapore, but they often return, and the “fluctuations between the two centers” will continue.

According to him, Hong Kong “will remain the gateway to China’s markets.” “As long as the yuan remains non-convertible and Hong Kong has a convertible hard currency into the Hong Kong dollar, the city will have a very deep and secure future.”

@ESG_Stock_Market

China’s GDP: the economy grew by 2.9% in Q4, by 3% in 2022 — the second lowest since 1976

China's GDP: the economy grew by 2.9% in Q4, by 3% in 2022

China’s GDP: the economy grew by 2.9% in Q4, by 3% in 2022 — the second lowest since 1976.

Let’s see how Chinese companies are trading in the Asian session. Top 20 stocks:

1. Alibaba +0,09%
2. JDcom -3,53%
3. EDU -1,18%
4. Li Auto -0,99%
5. XPeng -2,73%
6. NIO -1,18%
7. BYD -2,47%
8. Baidu -3,05%
9. Tencent -0,92%
10. Bilibili -1,7%
11. NetEase -1,94%
12. Autohome -0,79%
13. SMIC +2,42%
14. Xiaomi -2,02%
15. PetroChina -0,52%
16. China Life -3,49%
17. Baozun -2,4%
18. China Petroleum & Chemical 0%
19. Meituan -1,27%
20. Lenovo -0,99%

Compared with the closing of trading in the US session on Friday, Chinese shares in Hong Kong are falling by 2-4%, and compared with yesterday’s trading, a drop of 1-3%. Indices and ETFs for China in the range from -0.16 to -1.31%.

🇺🇸 🇨🇳 This week, Chinese Vice Premier Liu will meet with US Treasury Secretary Yellen. Washington says the goal is to “deepen communication,” while Beijing called the meeting “policy coordination.”

Chinese Deputy Foreign Minister Xie Feng urges the United States not to use technology as a weapon. Xie, who is widely considered China’s next ambassador to the United States, calls for cooperation, not confrontation.

📊 China’s GDP: the economy grew by 2.9% in Q4, by 3% in 2022 — the second lowest since 1976.
Due to the negative statistics released, Chinese stocks are falling today.
CHINA’S GDP: GROWTH RATES IN 2022m ARE AMONG THE SLOWEST IN RECENT YEARS

The Chinese economy grew by 2.9% YoY in 4Q22, down from 3.9% YoY growth in 3Q22, but above market estimates of 1.8% growth. Quarterly dynamics: 0% kvq vs 3.9% kvq. For the whole of 2022, the economy increased by 3.0% YoY (8.1% in 2021), noticeably falling short of the official target of 5.5%. This is one of the slowest annual rates in recent decades, the worst was in 2020, when China’s GDP added only 2.2%.

The Chinese State Bureau notes that “… the economic recovery is not sustainable, since the global situation is still difficult and difficult, and internal pressure in the form of a reduction in demand, supply shock and weakening expectations still persists …”. The Chinese authorities plan to announce the GDP growth target for 2023 in March

The Netherlands will not accept new US restrictions on the export of chip manufacturing technologies to China and is consulting with European and Asian allies. “We have been talking to the Americans for a long time, but in October they came up with new rules. It cannot be said that we have been under pressure for two years and now we have to sign along the dotted line. And we won’t,” said Dutch Trade Minister Lije Schreinemacher.

The escalation of the US-China conflict “poses a great danger” for the whole world, said Stephen Roach, former chairman of Morgan Stanley Asia. The US and China should restore trust and establish a secretariat in a neutral country such as Switzerland to manage their relations, because their five-year conflict is escalating and “poses a great danger” for them themselves and the world, Roach said.

In China, the first population decline in 60 years is observed in 2022. The total population of mainland China last year was 1.4118 billion people, a decrease of 850,000 people.
CHINA’S ECONOMY IN DECEMBER: THE FIGURES ARE BETTER THAN FORECAST, BUT THE MARKET SITUATION IS STILL QUITE RESTRAINED

The Chinese State Bureau presented relatively good figures for the results of December

• Industry: 1.3% YoY vs 2.2% YoY in November; 0.2% YoY expected. All of 2022: 3.6% yy vs 3.8 yy a year earlier

• Retail sales: -1.8% yy vs -5.9% yy, expected -8.6% yy. All of 2022: -0.25% yy vs -0.09 yy a year earlier

• Investments in fixed assets: 5.1% for 11M22 (forecast 5.0%)

All three indicators came out above consensus. On January 8 of this year, China announced the lifting of anti-bullying restrictions, which hit many segments of the Chinese economy quite sensitively. Previously published statistics on foreign trade indicate a rather weak state of Chinese exports.

Volkswagen expects China’s car market to grow by 5% to 23 million units in 2023.

They say that Evergrande will offer two options for restructuring an offshore company. In one of the options, some debts will be extended to 12 years.
China Evergrande said that its auditor, PricewaterhouseCoopers (PwC), resigned due to disagreements over issues related to the audit of its financial statements for 2021.

Ryan Cohen has acquired a stake in Alibaba worth hundreds of millions of dollars and is pushing the e-commerce giant to increase and accelerate share buybacks. Previously, Cohen earned money by investing in meme shares of GameStop. Today we will translate the details.

✅ Online retail sales in China increased by 4% in 2022, the National Bureau of Statistics of China reported.

Most Chinese provinces are planning GDP growth of 5-6% in 2023. The highest figure was set in the southern Chinese province of Hainan. 4 out of 31 provinces and regions are aiming to achieve annual GDP growth above 7%, and 20 have set goals of about 6%.

Hong Kong stocks are weaker as traders leave the overheated market and China reports a slowdown in growth, while Fosun shows a downtrend.

📌 Hong Kong stocks fell from a six-month high after a government report showed that China’s economic growth slowed last quarter, giving investors an excuse to reduce their assets in an overheated market.

📌 The Hang Seng index declined 1 percent to 21,527.39 during a break in trading at noon local time. The Tech Index lost 0.6% and the Shanghai Composite Index fell 0.3%.

📌 E-commerce platform owner JD.com It lost 3% to HK$ 236.60, and search engine operator Baidu lost 2.7% to HK$ 130.70. Tencent fell 0.8% to HK$ 367.20. Shares of Macau casino operator Sands China fell 3% to HK$ 27.90, while shares of WuXi Biologics fell 5.4% to HK$ 69.90.

📌 China’s economy grew by 2.9% in the fourth quarter of last year, compared with 3.9% in the previous three months, the statistics bureau said. The agency added that the annual growth was 3% compared to 8.1% in 2021.

📌 Other government reports today showed that retail sales fell by 1.8% compared to last year after a 5.9% decline in November. Industrial production increased by 1.3% compared with an increase of 2.2% in November.

📌 Against this trend, Fosun International shares gained 2.8% to HK$ 7.34. The inland onshore division of a diversified Chinese conglomerate has received a syndicated loan of 12 billion yuan (US$1.8 billion) from eight Chinese banks, indicating that its liquidity problem has improved.

@ESG_Stock_Market

BTC exchange rate and halving 2023, expert opinion. The beginning of bottom formation.

BTC exchange rate and halving 2023, expert opinion. The beginning of bottom formation.

BTC exchange rate and halving: historically it turned out that the bottom in BTC began to form +- 470 days before the next halving.
Many industry experts expect the Halving (expected in April 2024) to be the most important driver of the next bull market in BTC this time (just like in all previous times).
BTC exchange rate dynamics and halving. The current trend so far continues to fit the pattern of behavior of the BTC exchange rate in past cycles (days after the halving and as we approach the next halving), the halving is inevitable.

BTC and Halving exchange rate dynamics
Expert Opinion:
CEO Huobi: the next halving in 2024 … Growth can be expected after that … Kiptozyma may last until 2025.

The CEO of Morgan Creek predicts the beginning of the next bull market in BTC in 2024. The catalyst will be another halving.

CEO of Bitkub crypto exchange: the next bull market in BTC is expected in 2024 – when another Halving will take place

Willy Woo: BTC has completely changed macro cycles, now the dynamics are less dependent on halving – (selebrity analyst Willy Woo: BTC has completely changed macro cycles. Previously, macro cycles in BTC were driven by halving.
Now macro cycles have become less predictable and have begun to be driven by supply/demand from the complex ecosystem. Willy Woo thinks that the current cycle in BTC is close to the bottom and there is no limit to growth at all)

PlanB starts to expect rally in BTC in 2024 after another

✴️ #BTC #cycles #markets #crypto #halving #history #presentation #daily #presentation

@ESG_Stock_Market

The 80-day trading day cycle could coincide with the DeMark depletion at the end of January

The 80-day trading day cycle for S&P 500

The 80-day trading day cycle could coincide with the DeMark depletion at the end of January

It is important to focus on this 80-day cycle as it has lined up correctly with most of the highs and lows of the past 12 months.

As long as the markets do not deviate from this cycle, I suspect that further erosion of equity indices in late January will lead to a sharp rally in March.

This would be consistent with both of DeMark’s signals, which could be confirmed on weekly charts of major technology stocks such as $AAPL, $AMZN, $MSFT, $GOOGL (which have yet to be confirmed, and in the case of $GOOGL, are premature).

In addition, hitting a bottom over the next few weeks would also be consistent with the first-half strength usually seen in the first quarter in pre-election years, which many people don’t pay much attention to. Thus, earnings could be the key factor, but for now, buying “dips” from mid-December 2022 still seems early.

An ideal scenario would be for the SPX to cross the 3,800 mark, coinciding with a sharp reversal in yields by the end of January. After that, equity markets could bottom in late January or early February and turn up by the spring, led by a sharp rebound in technology. At present, as we have discussed, this looks premature, and I expect Friday’s bounce to fail starting next week.

@ESG_Stock_Market

The minutes from the Late FOMC Meeting (Minutes)

fomc minutes vs fomc

The minutes from the Late FOMC Meeting (Minutes), Highlights:

– The Fed continues to fight inflation and expects higher interest rates to remain in place until more progress is made

– Rate cuts should not happen in 2023, further rate hikes are needed now

– Given the persistent and unacceptably high level of inflation, several FOMC members noted that historical experience cautions against premature and unwarranted easing of monetary policy

– Inflation may be more resilient than it may seem

– Inflation is still seen as a key threat, but bilateral risks still need to be balanced.

– The minutes note that officials are grappling with two risks: first, that the Fed is not keeping rates high enough and allowing inflation to remain high, as it did in the 1970s; and second, that the Fed is spending too long on restrictive policies and slowing the economy too much, potentially placing the greatest burden on the most vulnerable

– Powell indicated that while some progress has been made in fighting inflation, he sees only some signs of stopping and expects rates to remain at higher levels even after prices stop rising.

Full article: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20221214.pdf

@ESG_Stock_Market

Tesla stock technical analysis-early 2023

Tesla stock technical analysis-early 2023

Tesla stock technical analysis-early 2023. A breakout of Tesla to new lows, would bring the price below $100

$TSLA remains strongly bearish in the near term, and despite being oversold, it shows no signs of reaching a bottom.

Based on a combination of daily and weekly cycles as well as DeMark instruments, TSLA still has the potential to weaken to below $100 by the January earnings report before a stabilization and rebound occurs.

A few key takeaways.

– TSLA has lost over 60% in just the last three months after peaking around $313 on 9/20/222. Since mid-September 2022, TSLA has lost nearly 200 points, dropping to its lowest levels since the fall of 2020. Technical structure and momentum remain very negative

– The daily RSI reading is now oversold on the daily charts and is near levels that coincided with the historical bottom on the weekly charts. (February 2016 and May 2019) However, this does not guarantee a meaningful low

– DeMark tools such as TD Sequential and TD Combo- (trend exhaustion indicators) on weekly charts prematurely show the presence of a low and suggest the possibility of another 2-3 weeks of weakness to the low

@ESG_Stock_Market

How to set up trust wallet – setup, purchase and payment of goods using Tether USDT TRC20

How to set up trust wallet – Tether USDT TRC20

Detailed guide on how to work with Trust Wallet Crypto Wallet – installation, configuration, purchase and payment of goods with Tether USDT TRC20 Stablecoin.

Tether USD (USDT) TRC20 is a USD-linked staplecoin issued by Tether on the TRON network. It is one of the most liquid stabelcoins on the cryptocurrency market, paired with all tokens traded on many cryptocurrency exchanges. According to Tether, the coins are backed by real reserves, although everything is not so unambiguous here.

While there have been signs of attempts to collapse

While there have been signs of attempts to collapse this stabelcoin recently, Tether remains by far the most reliable tool for arbitrage spending and beyond. How to set up trust wallet.

What is the difference between USDT ERC-20 and TRC-20

Tether USDT equivalents exist in different networks.

  • USDT ERC-20 – works in the Ethereum network
  • USDT TRC-20 – on the TRON blockchain network – has become popular due to its transfer speed and low fees.

When transferring funds, it is important to choose the right network and correctly specify the destination address. Otherwise, the money will be lost.

ERC-20 and TRC-20 can be easily recognized by the address format. The USDT address in the Tron network (TRC-20) starts with “Tx”, and in the Ethereum network (ERC-20) it starts with “0x”.

Exchanges supporting USDT based on TRC20

What you need to use Tether USDT TRC20

  1. A cryptocurrency wallet to work with the Tether USDT TRC20 token.
  2. USDT TRC20 wallet balance.
  3. TRON token (TRX) – required to pay fees when transferring USDT.

Trust Wallet

Trust Wallet is a secure and reliable multi-wallet for buying, selling and storing cryptocurrency.

Trust Wallet is the main ethereum mobile wallet which works with any ERC20 , BEP2 and ERC721. It also supports the main blockchains in the Etherium ecosystem – Etherium , Etherium Classic and Callisto. Over 20,000 tokens built on Etherium are currently available through the Trust Wallet app .

Installing and configuring Trust Wallet

Trust Wallet exists only as a mobile application for Android and iOS.

The iOS version can also be installed on macOS.

  • Find the app in the App Store or Play Market and install it
  • Launch the application.

If you already have a previously created crypto wallet, you can add it to Trust Wallet by clicking “I already have a wallet”

  • To create a new wallet, click “Create New Wallet”.
  • Then you need to agree to the privacy policy and terms and click “Continue”
  • Set a secret code to log in to Trust Wallet
  • The next very responsible step is to save the 12 secret phrases. Here Trust Wallet warns about the importance of keeping them out of reach of unauthorized persons.
  • Check the boxes that we understood the importance of this action and click “Continue”.
  • We see 12 phrases – write them down on a sheet of paper and keep them in a safe place

IMPORTANT. If you lose the list of phrases – you will not be able to restore access to the wallet and your funds on it!

IMPORTANT. If the secret phrases get to someone else, he will have access to your wallet and the funds in it!

  • Next, Trust Wallet will check if we saved the secret phrases correctly. To do this, it will ask us to put them in the right order.
  • Trust Wallet successfully created
  • For convenience, you can customize the list of displayed tokens
  • See your wallet and an empty balance of USDT TRC20

By pressing the “Get” button you can find out the address of your wallet

Buying USDT in the Trust Wallet app

This is the easiest way to buy USDT TRC20 to your cryptocurrency wallet, but not suitable for RF residents – Russian bank cards are not accepted.

Minimum purchase amount is $50.

There are several service providers through which you can buy USDT TRC20

This is the easiest way to buy USDT TRC20 to your cryptocurrency wallet, but not suitable for RF residents – Russian bank cards are not accepted.

Minimum purchase amount is $50.

There are several service providers through which you can buy USDT TRC20

Buying USDT through exchangers

You can buy USDT TRC20 through third-party exchangers by paying in a convenient way.

Purchase USDT TRC20 by PayPal card. 

A list of exchangers can be found at https://www.bestchange.com

  • Choose an exchanger with the right conditions and a good trust.
  • Go to it and start exchanging

We chose an exchanger with a small minimum amount to exchange, but they are usually less favorable rate.

Next, let’s look at the example of a single exchanger. Different services have different interfaces, but the mechanics are about the same.

  • Enter the amount of the exchange and the data that the service requests. Usually these are card number, wallet address for receiving USDT TRC20, full name and Email.
  • Confirm the correctness of the entered details
  • Then the service will provide details for payment

It is necessary to make payment in the allotted time and be sure to exactly the amount that is specified.

  • Accepted for processing – awaiting receipt of funds
  • In the list of requests we can see the status of the exchange

Funds are credited to our Trust Wallet. The speed of crediting depends on the service.

Buy USDT TRC20 on Binance

To fully work with the exchange https://binance.com requires the verification of identity

  • Verification
  • Personal information
  • State ID card
  • Facial recognition
  • Processing time: 2 days

– Deposit and withdrawal limits in fiat
$50K daily
– Deposit limit for Cryptocurrency
No restrictions
– Limit for withdrawal of cryptocurrency
160K BUSD daily
– P2P transaction limits
No restrictions
– Other Products
LPD/OTC

p2p exchange

  • Go to the p2p exchange Binance
  • Choose “Buy
  • Choose USDT
  • Specify amount, currency and payment method
  • Having found a suitable offer, read the details of the exchange
  • And click “Buy USDT”

Transfer money to the specified details and only after that confirm the payment by clicking “Paid, next”.

Received USDT will be credited to the wallet for recharge in Binance

And then you can withdraw them to your Trust Wallet

In doing so, be sure to select the Tron TRX network

Binance P2P Express

In Binance P2P Express mode, users can place orders directly by specifying the amount of fiat or cryptocurrency and their preferred payment method. Orders are selected based on the best price available on P2P markets.

  • Switch to the Express tab
  • Select currency, token and amount
  • From the proposed payment options choose the one that suits us and meme “Confirm purchase”
  • Then we see the details, details for payment and chat with the counterparty
  • After paying to the specified details, click “Paid, next”.

Waiting for the arrival of USDT on the wallet to recharge.

Buying Tron (TRX) to pay commissions

To pay/transfer USDT TRC20 you need to have some Tron tokens (TRX) on your wallet to pay the blockchain fee. As a rule it is a little more than $1 per transfer.

Where to buy Tron (TRX) token

You can buy Tron (TRX) as well as USDT TRC20

At the cryptocurrency exchanger

On a cryptocurrency exchange

  • For example, on the same Binance. In Binance, go to Wallet Overview -> Primary Account
  • In the search bar, type in TRX.
  • And click “Exchange” to exchange other cryptocurrency in your account, for example, previously bought through p2p exchange token USDT.

The minimum amount to exchange 20 TRX.

How to pay with Tether USDT TRC20. Buying arbitrage spends for USDT

Let’s see in practice buying arbitrage consumables – Facebook accounts to run ads.

  • Specify the desired number of accounts, enter your Email and proceed to the payment
  • Now you need to transfer the required amount of USDT to the specified purse
  • Open Trust Wallet
  • Choose Tether USDT TRC20
  • Press “Send”
  • You need to enter the recipient’s address. This is easier to do by scanning the qr-code.
  • Enter the exact amount – rounding is not allowed. If you enter the amount incorrectly, the goods will not be issued
  • Click “Next”
  • Check details
  • We see the amount of commission in Tron (TRX) and the total amount including this commission

Confirm payment and wait for delivery

@ESG_Stock_Market

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China will launch a state-run marketplace for NFT trading

China will launch

NFT tokens are so popular that China will launch the world’s first state-run marketplace to deal with them. The marketplace will launch on January 1 during an offline event in Beijing. Its name translates as “China’s digital asset trading platform.”

What can the platform do? It will help Chinese traders buy NFT, as well as digital copyrights and property rights. It’s just like with digital works of art: they can be traded on closed and strictly regulated platforms.

Is an NFT platform a positive thing? Absolutely. Apparently, China is not going to ban the crypto industry. True, it doesn’t use the term NFT, instead it uses “digital collectibles.”

Is China loosening regulations? It seems that they are going to create an investor-friendly environment there. For example, recently the Celestial Empire allowed some companies to audit for the American regulator.

@ESG_Stock_Market

November PCE inflation report was modest

PCE inflation

November PCE inflation report was modest. Core PCE was +0.17% m/m (Fundstrat expected +0.15%), marking the second consecutive modest PCE report and adding to the constellation of “soft” CPI and PPI reports.

We continue to view the 3M annual CPI or PCE as a more accurate metric for assessing inflationary trends. The 3M annual core PCE collapsed to 3.63% versus 5.23% in October and should fall to 2.14% next month.

Curiously, financial services +0.07% from +0.17% growth, or almost half. Where is financial services inflation coming from? Finally, the FOMC’s December 2022 forecast for core PCE inflation remains at 4.8% (the range of FOMC member forecasts was 4.6% to 5.0%), and December 2022 inflation will be 4.2%.

Realized inflation tracks 60 bps below the FOMC forecast.

Surprising divergence from the Fed forecast, is it possible that their data is lagging or inaccurate?

Fed may have stale inflation data due to ransomware attack

Fed may have stale inflation data

The Fed made a statement that contradicts the actual data from September through December. One of my most experienced and respected macro clients (based in New York) suggested that the Fed’s forecasts may have been affected by a cyber-attack on Haver Analytics related to extortion money.

Why? – First of all, take a look at Fed Chairman Powell’s response (in response to Politico’s Victoria Guida):

The PCE core inflation deflator will be 4.2% by 2022, which is -30 bps below the Fed’s forecast in September. This is 60 bps lower than the FOMC’s current 2022 PCE inflation forecast of 4.8%.

Could it be that the Fed data is lagging or incorrect?

Haver Analytics has not updated its database due to a security check

Haver Analytics is widely used on Wall Street to collect real-time economic data. We used Haver when I worked at JPMorgan. At Fundstrat, we have three other data providers.

As shown in the picture, Haver has not updated data since December 13 (which is the day the November CPI was published). Thus, any firm using Haver data will not get the November CPI.

* SEP – Fed spot charts

@ESG_Stock_Market

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