5 major news to look at today 22nd Feb.


Trump set to meet with China’s top trade negotiator U.S. President Donald Trump was reportedly set to meet with China’s top trade negotiator, Chinese Vice Premier Liu He, as the world’s two largest economies scramble to reach a trade deal before the U.S. increases tariffs on around $200 billion in Chinese imports on the March … Continue reading 5 major news to look at today 22nd Feb.

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Stocks climbs as trade hopes power tech shares,usd index slumps


U.S. stocks rose on Friday, as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. REUTERS/Brendan McDermid Top trade negotiators from the two countries met to … Continue reading Stocks climbs as trade hopes power tech shares,usd index slumps

January 2019 FOMC Minutes: Shifting Gears.Patience is the word


The ongoing debate at the Fed. Does the dot plot help or hurt? The Fed is having a hard time convincing market participants that the dot plot median is not a consensus forecast and that any of the individual forecasts are much more uncertain than commonly believed. This was particularly an issue in December when the median dot anticipated another two rate hikes in 2019 after the Fed pushed through what market participants already considered an ill-advised rate hike at that meeting.

Alfred Wangai the C.E.O to Viportal may have used the President’s son photo to woe investors!!!!


Perhaps you have heard of the saying.All that glitters is not Gold.Viportal not only glittered,it was gold,at least for the many investors who 'lost' their money in the now defunct company. The company's executive Alfred Wangai had a meeting with Jomo Kenyatta the son to the president when the company was active.He took the picture … Continue reading Alfred Wangai the C.E.O to Viportal may have used the President’s son photo to woe investors!!!!

The caseon VIPORTAL will be mentioned on Friday 22ND to confirm the repayment OF MONEY INVESTORS LOST


Mercy Nkatha and Alfred Wangai in a Kiambu court on May 16, 2016. /FILE A couple accused of defrauding thousands of investors of millions of shillings has started repaying the money, a Kiambu court was told yesterday. Alfred Wangai and Mercy Nkatha on Monday said that they have paid more than Sh900 million. The couple … Continue reading The caseon VIPORTAL will be mentioned on Friday 22ND to confirm the repayment OF MONEY INVESTORS LOST

VIPORTAL CASE TO BE MENTIONED THIS FRIDAY 22ND FEB.


Investors of the now defunct VIPORTAL reported the matter to the police for action against the forex trader. They sought compensation, saying their investments had not matured one year after making the deposits. The couple had promised the investors dividends within months. Some 13,000 Kenyans lost about Sh1 billion to the couple within eight to … Continue reading VIPORTAL CASE TO BE MENTIONED THIS FRIDAY 22ND FEB.

Couple starts to repay Sh1bn obtained falsely from public Feb. 20, 2019, 12:00 am By ALPHONCE MUNG’AHU courtesy of star.co.ke


A couple accused of defrauding thousands of investors of millions of shillings has started repaying the money, a Kiambu court was told yesterday. Alfred Wangai and Mercy Nkatha on Monday said that they have paid more than Sh900 million. The couple owns an online forex trading company - VIP Portal - based in Limuru town, … Continue reading Couple starts to repay Sh1bn obtained falsely from public Feb. 20, 2019, 12:00 am By ALPHONCE MUNG’AHU courtesy of star.co.ke

FOMC minutes to reinforce ‘patient’ mode; may offer clues on balance sheet reduction – Forex News Preview


    The minutes of the Federal Reserve’s January policy meeting are due to be published on Wednesday at 19:00 GMT and will be inspected for confirmation that the world’s most important central bank is on hold for the foreseeable future. However, since January, policymakers, including Chairman Jerome Powell, have been pretty consistent in signaling … Continue reading FOMC minutes to reinforce ‘patient’ mode; may offer clues on balance sheet reduction – Forex News Preview

OPEC’s Nemesis, Shale Oil, Is Back, Setting New Production Records


Shale oil is setting new production records, threatening the Organization of the Petroleum Exporting Countries with another showdown that could upend the market as U.S. crude prices cross $55 per barrel. To complicate matters, Saudi Arabia, which dominates OPEC, has become so aggressive in cutting production that it’s even willing to cede market share in … Continue reading OPEC’s Nemesis, Shale Oil, Is Back, Setting New Production Records

Next Global Crisis – Strengthening U.S. Dollar Index or Weakening Euro?


Next Global Crisis – Strengthening U.S. Dollar Index or Weakening Euro? Judging from the way the dollar index is weighted, the best bet for another surge to the upside will be a weaker Euro, Japanese Yen and British Pound. The U.S. Dollar was the source of much volatility last week as traders were forced to … Continue reading Next Global Crisis – Strengthening U.S. Dollar Index or Weakening Euro?

there won’t be any closure this week on Trade, growth, and Brexit.


The main issues for investors have not changed. There are three dominant ones: Unfortunately, there won’t be any closure in the week ahead, and that may make short-term participants reluctant to turn more aggressive. The US reported exceptionally poor December retail sales and January industrial output figures. Growth forecasts were adjusted. The Atlanta Fed's GDPNow tracker, for example,  … Continue reading there won’t be any closure this week on Trade, growth, and Brexit.

With or without trade war deal, disputes between China and US set to intensify, says Beijing commentator


It is wrong to advocate confrontation, but it is not right to pretend there is peace either. In the current economic climate, China and the United States may reach a trade deal to avoid an escalation in the current tariff war, but such an agreement will not lead to harmonious coexistence between Beijing and Washington. … Continue reading With or without trade war deal, disputes between China and US set to intensify, says Beijing commentator