Being the president of the world’s largest economy, Donald Trump is considered to be the most influential person when it comes to financial markets. Whatever policy changes were taken by Trump Administration during the last two months has had substantial effects on the equity and Forex currency markets. Trump promised during his campaign to increase infrastructure spending, introduce tax reforms and to slash regulations that were killing jobs. He wants to boost production in the US through tax subsidies for local businesses and increase consumerism. Forex market analysts have argued that Trump’s pro-growth policies will be a key driver for volatility in global FX markets going forward.
Trump’s disruptive immigration policies like the temporary travel ban imposed on Seven Muslim majority nations and his controversial comments on social media have put global equity and FX markets in a tailspin. For example, his comments about the withdrawal of US from the Trans-Pacific Partnership caused a huge impact on many of the Asian currencies like CNY and JPY. Since US Dollar is considered the global reserve currency, any changes in Fed policy like interest rate hike or tax reforms will have a notable impact on major currencies like EUR, GBP, CNY, CAD and JPY. The most affected currencies due to Trump’s policy changes are of the emerging markets such as Mexican peso, Turkish lira and South African rand. Trump’s controversial tweets targeting various Corporates or entire nations have impacted major currencies in a big way. Trump’s Twitter account has more than 18.8 million followers and is a major driving factor for investor sentiments across the globe. The below table illustrates the Trump effect on major currencies between US elections held on Nov 8th, 2016 and Jan 5th, 2017.
|Currency||% Change (vs. USD)|
The US Dollar index enjoyed substantial rally since Trump’s surprise victory in November elections and reached its 14-year high of 103.820 on Jan 3. The notable surge in US dollar was mainly due to the protectionist growth policies of the new President. But the greenback dipped by 3 per cent from its January 3 high after Trump raised a red flag over a strong dollar to the Wall Street Journal. He felt that Dollar was “too strong” for US companies to compete in global trade with their Chinese counterparts. He also blamed countries like China, Japan and Germany for manipulating currencies to get a trade benefit over the US. The remarks made by Trump over China and other nations in media resulted in the weakening of US dollar which Trump feels will favour US exports and boost manufacturing. It also led to the strengthening of Japanese Yen which is considered as a safe haven by currency traders. The US dollar dropped 0.6% against Japanese Yen to 111.95 Yen due to the uncertainty prevailing around trade policies by Trump. As a Forex trader, you should make use of real time trading charts and technical indicators to predict the future trends of currency movements, which will help you to make well-informed trading decisions.
Forex investors are eagerly awaiting Trump’s address to the US Congress on Feb 28th regarding changes in the monetary policy and possible corporate tax cuts. Trump Administration’s reflationary policies so far have had a positive impact on the US dollar and equities. The financial markets are interested to know about the tax reforms that will be proposed by Trump during his address to the Congress on Tuesday. The disruptive border adjustment tax that is under consideration by the Republican government under Trump aims at increasing taxes for imports and subsidises exports to boost manufacturing in the US. Russia has been on the positive side of Trump so far since he feels it’s a protectionist country which does not pose any threat to U.S. jobs. Hence, Russian Ruble has had a positive impact and has grown by 7.7% against U.S dollar.
Besides his proposal to build a wall between the US and Mexico, Trump has frequently opposed the NAFTA (North American Free Trade Agreement) during his campaign and wanted to restrict imports from Mexico and China by increasing the import tariffs. He promised to raise taxes for imports from Mexico and China by 35% and 45% respectively to reduce the imports from these countries. Such remarks have resulted in a considerable impact on both Chinese Yuan and Mexican Peso against the US dollar. Since Mexico is one of the biggest exporters to the US with more than 80.3% of its goods sent across border tax-free, scrapping of NAFTA and the introduction of new tariffs based on the proposed border tax reforms will have a great impact on the Mexican peso. His tweets have already weakened the Mexican peso against U.S dollar. It reached record lows of 21.619 when he criticised General Motors for exporting cars made in Mexico to the United States with the below Tweet. Ford motors also cancelled its production of $1.6 billion plant in Mexico in line with Trump’s policies to make in the USA.
“General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across the border. Make in U.S.A.or pay big border tax!”
The dollar tumbled against Japanese Yen and moved below 113.00 due to the uncertainty prevailing around the tax reforms to be proposed by Trump during his address to Congress and possible interest rate hikes by the Federal Reserve. Steven Mnuchin, U.S. Treasury Secretary under Trump Administration, stated that lot of work is to be done towards tax reforms, which would encourage inflation and push US interest rates higher. He also added that the impact of the new government’s pro-growth policies is unlikely to be seen this year.
Trump has pointed out several times that fiscal debts are getting beyond control and he wants significant changes in the Fed policy. This could mean the reversal of Quantitative Easing and an increase in interest rates which will result in a strong dollar. There are possibilities that Trump might even appoint a new chair to Federal Reserve who will do whatever he says. If there is any announcement of interest rate hikes by US Federal Reserve during the upcoming FOMC meeting in March, we can expect a surge in US dollar once again, and this will have a negative impact on other currencies like Chinese Yuan, Japanese Yen, Euro and Mexican Peso. We can expect a lot of fluctuations in the currency markets based on Trump’s trade agenda and as a Forex trader, you should start considering about investing in Forex binary options to increase your returns.
3 Easy Ways to Upgrade Your Company Culture
It’s no secret that the COVID-19 pandemic has impacted almost everyone’s lives in some way. That includes businesses across the world. Unfortunately, many of them have had to shutter completely. Others, however, are trying to figure out how to reopen and restructure safely and effectively.
If your company has been fortunate enough to remain standing through this pandemic, and you’re wondering what to do next, now is the perfect time to consider your overall workplace culture.
Whether you want to attract new employees or you realize it’s time for a change, upgrading your company culture can make a big difference in the success of your business as you move forward into a “new normal”.
With that in mind, let’s look at a few ways you can upgrade the culture of your company from within, in order to make positive changes that employees and customers/clients alike can appreciate.
1. Upgrade the Look of Your Business
It might not seem extremely important, but giving your company an external makeover can make a big difference in the environment you’re trying to create. First, start by decluttering your office space. Creating an environment that encourages working together in open spaces can make everyone feel more welcome and invited.
Next, let in more natural light. If you have large windows in your building, put them to good use instead of covering them. Invest in a Glass Polishing company to make them sparkle for you. Natural light can boost energy and productivity.
Even the colors you choose for your office can make a big difference. Color psychology is a real thing, so do your research on the best colors that will promote creativity and encourage productivity.
2. Arrange Weekly Meetings – With Everyone
We’re living in uncertain times. Just because employees are heading back to work doesn’t mean those uncertainties simply go away. It’s important to keep employees in the know as much as possible. So, why not just make it a rule within your company?
One of the best ways to do that is by holding weekly meetings with everyone. You can choose different ways to do that. You might benefit from having everyone in one room to talk about the state of your business and where you want to go. Or, you could branch off into different groups and meet with a different section of your business each day.
Whatever the case, make communication and transparency a priority in your workplace environment. It will help everyone to feel more comfortable, more equal, and more valued. It will also boost your employees’ spirits by giving them a voice and making them aware that their ideas and opinions truly matter within your business.
3. Encourage Positivity
Remember, no matter what the state of your business may be, you’re in charge. As a result, the things you say and do will set the tone for your company. So, it’s important to be as positive as possible, as often as possible.
Even if things aren’t going well, or you’re worried about the state of your company, keeping a positive attitude will carry over to your employees and help them to feel better about the work they are doing.
That doesn’t mean you need to hide things from them. If the business is struggling, it’s okay to talk about it. But, put a realistically positive spin on it. Most of the time, things can be fixed. You can recover. Use that mindset and attitude to motivate your employees and encourage fresh, new ideas. No one wants to work in an environment that is constantly negative or induces stress. You can change the entire culture of how people feel about coming to work by showcasing positivity every single day.
Not only can it help to boost the work your employees are able to produce, but it will improve everyone’s attitudes toward each other. Now, more than ever, kindness and patience are important. A positive environment can foster more of those things, and create a more welcoming workplace for everyone.
As you can see, it doesn’t have to be difficult to upgrade your company culture. Whether you want to make adjustments to some of your business practices or actually change the look and feel of your company, now is the time to pull the trigger on changing your workplace culture. Not only will your business benefit but your employees will feel more empowered than ever.
Covid-19 Causes Online Deliveries to Rocket
The high street is being forced to change. Whereas in yesteryear, high street chains held the fort and commanded attention from the shopping masses, it has now all changed. Today, the high street is struggling. Unfortunately, due to concerns over Covid-19 and the number of customers allowed inside at any given time, sales have been less than a stirring success.
People are worried about going out to even pick up the items that they’ve purchased. This has led to a surge in online orders and deliveries to the consumer’s door.
Has Shopping Changed Forever?
Will customers return the shops or stick to online shopping? While the worries surrounding the virus have kept many off the high street, since non-essentials shops have reopened, some people have bravely ventured out.
Nonetheless, for the most part, people are taking to the internet in droves, pushing online e-commerce sales rocketing up. Amazon.com, for instance, has seen a significant increase YoY while eBay has also confirmed their sales were up over a third in 2020 compared to the previous year.
The Shift to Deliveries to the Door
Deliveries to the door have become extremely popular. People can drop an item off safely and keep a distance away from the homeowner or renter when they complete the delivery. People feel comfortable with that approach and prefer the convenience versus venturing into a shop, where many people queue up at the entrance or mill about in the interior.
The trouble with deliveries is that many companies aren’t properly equipped for it. They cannot cover the cities and towns that they’d like to. There isn’t a team of delivery drivers available for them either. Even if they try to create something internally or use a commercial delivery system, the results are less than ideal.
Flexible Time Slots Are Needed by Consumers
One limitation with delivery bookings is a complete inflexibility about the available date and the time of the booking. Quite often, the date is many days or several weeks ahead due to limited delivery capacity and a recent surge in online orders due to Covid-19. Given the lack of flexibility, people are often stuck with a single date availability to book even if it’s inconvenient to them. Or, it has no time specified, so they need to stay in all day which is a real bummer.
Fortunately, consumers can now use Shift.Online. This is an independent delivery service that provides reasonably dated bookings that don’t start in October when your order was in August… They also have one-hour timeslots to pinpoint when the vetted delivery driver will arrive. This makes it far more agreeable to the shopper who cannot wait around all day for a package.
“A Man with a Van”
Shift also has a “Man with a Van” service to transport goods from one location to another. This is useful when moving personal items out, transporting goods into a storage location, or for other purposes. So, they do more than just assist shoppers.
At a time when deliveries to the last mile are the key component that’s often either missing or poorly done in the UK, it’s good to know that new operators are filling the gap. It will help smaller online shops, traditional retailers and consumers to solve this sticking point together.
5 Simple Ideas To Save Your Company Money
To grow your profits and help your company to succeed, it’s useful to make savings where you can. There are a range of grants for start-ups and small businesses, so ensure that you apply for any schemes which you are eligible for. Besides this, try these five simple ideas to save money and improve your business finances.
1 . Make use of free tools
When you’re looking to save money, you should certainly make use of free software. There are plenty of free tools that are perfect for small businesses. Here are a few of the top picks for this year.
nChart: nChart is a free project management tool, where you can organize your projects, support your team and use the interactive Gantt Chart. A few of the key features of nChart include resource management, multiple workspaces, collaboration systems, and more.
Answer The Public: Entrepreneurs know that creating killer content is so important, and to do so, you’ve got to improve your keyword research. With ‘Answer The Public,’ you can find out the most unusual questions that people are searching for, and make some seriously amazing content!
Hubspot CRM: Hubspot offers a great free tool for all your customer relationship management needs. Here you can connect all elements of your sales processes from your website to your service providers and social media. The software allows up to 1,000,000 contacts, plus unlimited storage.
2. Remote Staff
Permitting your staff to work from home means you’ll save on utility expenses, plus you’ll save on hardware. As the coronavirus pandemic goes on, many companies are continuing to run on a remote basis. Various studies have suggested that remote workers tend to be more productive. Productive staff means higher profits and the potential to save.
3. Accounting apps
Hiring an accountant can be expensive; to save money, it can be useful to try an accounting app. A robust accounting application can help you manage your budget, invoices, expenses, and taxes. Waze is a free accounting app that is ideal for smaller operations. Other popular accounting apps include Freshbooks and Quickbooks.
4. Improve your personal finances
Running a business can be costly, with a start-up you’ve got to invest to start making money. If your finances aren’t in order, it may be difficult to invest and keep your business afloat. To improve your personal finances, the first thing you’ve got to do is get out of debt. It’s easier said than done, but there are ways that you can work towards becoming debt-free. One option is looking into the ‘Debt To Success System’; with this program you could eliminate your debts and improve your finances. For more info, take a look at http://www.dtss.us/programs.html.
5. Improve your waste management
The more waste that your business creates, the more money you’ll lose. What’s more, waste is bad for sustainability initiatives. The best thing to do is to review your waste management program using lean principles. Lean principles focus on every stage of the production process, including wasted time and resources. If you’re looking to save money, improving you WM should certainly be on your business essentials checklist!
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