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freemexy jack
freemexy jack
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  • Thursday, 06 December 2018 09:16
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  • Crude Oil Price Breakout Eyed, Will the Canadian Dollar Capitulate Up?


    Growth-oriented crude oil prices climbed to a 10-week high as market sentiment broadly improved over the past 24 hours. The Dow Jones and S&P 500 closed +1.52% and +1.67% respectively as my Wall Street index attempted to make upside progress after idling for the better part of the past 3 weeks. The Canadian Dollar – which can at times be sensitive to swings in crude oil – struggled to capitalize on gains in the commodity.To get more news about WikiFX, you can visit wikifx news official website.
      Recommended by Daniel Dubrovsky
      What is the road ahead for Crude Oil?
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      The upbeat tone in financial markets showed that investors shrugged off recent doubts over the potential viability of a coronavirus vaccine in the works from Moderna. Instead, traders may seem to be looking forward to a gradual easing in lockdown measures that should help restart economic growth. This may also explain why oil is now spending more time moving in tandem with global equities as of late.https://wzimg.fx696.com/guoji/2020-06-29/637290494704348914/ART637290494704348914_925480.jpg-wikifx_articlepic
      Still, challenges may be ahead. Minutes from the FOMC meeting showed that policymakers see ‘extraordinary uncertainty’ and ‘considerable risks’ in the medium term. A few Fed officials also saw a ‘substantial likelihood’ of more Covid-19 waves. Meanwhile an oversight bill sent US-listed Chinese stocks dropping as tensions between the worlds largest economies seem to be heating up.
      Develop the discipline and objectivity you need to improve your approach to trading consistently
      Thursdays Asia Pacific Trading Session
      With that in mind, Asia Pacific equities could echo the upbeat tone from the Wall Street trading session. This could bolster crude oil prices as the Canadian Dollar pressures resistance against an average of its major peers. Rising equities may also support the sentiment-linked Australian Dollar. AUD/USD will also be eyeing commentary from RBA Governor Philip Lowe.
      Crude Oil Technical Analysis
      On a daily chart, WTI crude oil prices have broken above ‘outer’ resistance from the beginning of this year. Follow-through at this point is absent. Rising support from Aprils bottom is also guiding the commodity higher – blue line. This has ultimately exposed former lows from August 2016 which could stand in the way as new resistance. A turn lower places the focus on resistance-turn-support at 29.11.
    Read more...
    wall 8 days ago
  • EUR/GBP Chart Setup Ahead of ECB Minutes, UK PMI Data


    Market sentiment appeared to have a risk-off tilt as the anti-risk US Dollar and Japanese Yen rose at the expense of the cycle-sensitive Australian Dollar. US equity futures pointed in the same downward direction while Asia-Pacific stocks traded mixed. RBA Governor Philip Lowe gave a speech, warning that monetary policy has its limits and that fiscal measures are crucial in combatting the coronavirus. Read the full report here.To get more news about WikiFX, you can visit wikifx news official website.
      Euro Outlook Ahead of ECB Minutes
      It is difficult to say how the Euro will react to the publication of ECB meeting minutes considering most of the attention now appears to be focused on the central banks tension with the German high court. It recently issued a ruling that deemed the 2015 asset purchases program and the subsequent growth of the ECB balance sheet to its current size illegal, giving the central bank three months to explain their policies.
      The court said that unless such an explanation can be made, the Bundesbank will not participate in the quantitative easing program. ECB President Christine Lagarde defended the central banks decision and affirmed her support of the Pandemic Emergency Purchase Program (PEPP). This extraordinary measure by the ECB entails purchasing 750 billion euros of debt this year in order to contain the financial fallout from Covid-19.https://wzimg.fx696.com/guoji/2020-06-29/637290494704348914/ART637290494704348914_925480.jpg-wikifx_articlepic
      If the underlying tone of the minutes strikes an unexpectedly gloomy tone, it could lead to heightened liquidation pressure in the Euro. Investors will be eagerly scanning the pages to find a more detailed outlook on the ECBs position for its PEPP program. In a recent interview, Mrs. Lagarde made it clear that monetary authorities “will not hesitate to adjust the size, duration and composition of the PEPP to the extent necessary”.
      British Pound Braces for UK PMI Data
      The British Pound may decline following the publication of flash PMI data for May. Manufacturing, services and the composite reading are expected to print at 37.2, 24.0 and 25.7 print, respectively. While this is far below the neutral 50.00 figure, it is an improvement from the prior month.
      Worse-than-expected readings could inspire further rate cut bets from the Bank of England as officials contemplate the use of negative interest rates. Selling pressure in Sterling may also be amplified by growing uncertainty about the outcome of Brexit. Last week, EU and UK officials sent a chilling message about progress – or more accurately, the lack thereof – which subsequently sank the Pound.
      EUR/GBP Outlook
      EUR/GBP is testing the lower tier of the key inflection range between 0.8986 and 0.9091 (purple-dotted lines) where the pair had previously encountered both upside and downside friction amid market-wide volatility in March. If EUR/GBP shies away from clearing the multi-layered ceiling, a subsequent pullback may ensue. In this scenario, selling pressure may start abating when the pair hits familiar support at 0.8687 (red-dotted line).
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    wall 8 days ago
  • freemexy jack created a new topic British Pound Price Outlook: GBP/USD Bounces in the forums.
    British Pound Price Outlook: GBP/USD Bounces


    It has so far been a brighter outlay this week for the British Pound as the currency has bounced against both the US Dollar and the Japanese Yen. Last week was marked by weakness in Sterling as sellers pushed each of those pairs down to fresh monthly lows; but at least a portion of that has been offset this week as both GBP/USD and GBP/JPY have thus far put in net gains, even as talk of negative interest rates from the BoE began to circulate through the headlines.To get more news about WikiFX, you can visit wikifx news official website.
      This dynamic isnt necessarily discounting the prospect of negative interest rates as much as it may be driven by a related theme in risk markets. As discussed on the topic of Gold and then US equities, an interview from FOMC Chair Jerome Powell that was broadcast on Sunday night has helped to add some heat to the current risk rally, and this looks to have taken a toll on both the US Dollar and Japanese Yen getting hit with another bout of weakness; which has helped to buoy both GBP/USD and GBP/JPY.https://wzimg.fx696.com/guoji/2020-06-29/637290494704348914/ART637290494704348914_925480.jpg-wikifx_articlepic
    In Cable, the big question is whether sellers are going to react to that next spot of lower-high resistance, and there‘s a few possible areas where that may develop: From the below chart current support showed up around the 38.2% retracement of the March major move; and the 50% marker from that same study is very nearby, just above the 1.2300 handle. That area helped to provide a couple of spots of support in late-April and then again in early-May. Above that, the 61.8% retracement lines up very closely to the 1.2500 level, producing an element of confluence that may constitute an ’r2 zone of resistance.
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    wall 8 days ago
  • Make sure to keep your chips at the critical moment.

    After the 2008 financial crisis, the whole world is afraid of whether there will be another financial crisis similar to that of 2008. When the crisis really comes, people are still unprepared and unable to deal with it. What is the real danger? The largest economy starts to divide due to trading, the whole country was hit by COVID-19. An uncoordinated policy response between countries will prolong economic weakness and trigger a new round of currency war.To get more news about WikiFX, you can visit wikifx news official website.
    https://wzimg.fx696.com/guoji/2020-06-04/637268831686682706/ART637268831686682706_483484.jpg-wikifx_articlepic

    Trade war, that means two or more countries have a conflict of trade taxes with each other. Generally, a country implements trade war in order to raise tariffs against other countries and expand its own exports. If the countries involved refused to compromise, they will face further increase of export tariffs.
      Currency war means that countries maximize their benefits through their own currencies, usually by devaluing their currencies to stimulate exports and gain benefits from the exchange rate. When countries begin to devalue their currencies competitively, global currency wars and exchange rate wars will break out.
    With the quantity of COVID-19 confirmed cases keep raising, the market investors have an unprecedented sense of urgency.
      According to an analysis by MSIC, so far, global stock markets have fallen nearly 20 percent as a result of the spread of the COVID-19 epidemic and the collapse in oil prices, and volatility is expected to soar to more than 40 percent. It remains to be seen whether the crisis will follow a pattern similar to that of the past.
      Underthe epidemic, major central banks around the world have begun to act.
      The Fed cut interest rates by 50 bp and 100bp in a row, lowered the target range of the federal funds rate to 0- 0.25 percent, announced a new round of quantitative easing (QE) of $700 billion and cut the discount rate for emergency loans by 125bp. According to incomplete statistics, in addition to the Federal Reserve, more than a dozen central banks, including the Bank of Australia, the Bank of Canada and the Bank of Korea, have also entered the ranks of interest rate cuts.
      Although the European Central Bank and the Bank of Japan, which are already in negative interest rates, did not cut interest rates further, they both stepped up quantitative easing. The ECB added an additional 120 billion euros in asset purchases until the end of the year, while the Bank of Japan announced an Y6,000bn increase of its annual ETF purchase target to Y12 trillion and a raise of the Japanese real estate investment trust (J-REITs) purchase target to Y180 billion.

    https://wzimg.fx696.com/guoji/2020-06-04/637268831691214179/ART637268831691214179_415430.jpg-wikifx_articlepic
      It is worth noting that at present, a single monetary policy is no longer enough to boost market confidence. At present, the Fed is only one step away from negative interest rates, and there is a lot of speculation that the Fed will join the camp of negative interest rates in the future. However, whether negative interest rates can effectively boost the economy is still controversial, and the policy has also been criticized by many parties. The traditional monetary policy system, represented by the Federal Reserve, has been in trouble. Although extraordinary policy stimulus has become the norm, it cannot fundamentally break the situation and will deepen rather than alleviate the hidden risks.
      Judging from the fiscal measures of major economies, the US Congress has passed an $8.3 billion bill to deal with the COVID-19 epidemic, and the Trump administration is planning to launch a nearly $1,000bn economic stimulus policy. Canada has also announced a new fiscal measure of C$1.1 billion. South Korea's parliament approved a supplementary budget of 11.7 trillion won to deal with the impact of the epidemic on the economy and support fragile businesses and domestic consumption.
    Read more...
    wall 8 days ago
  • GBP Faces Pressure with Inflation Rate at 4-year’s Low


    Britains inflation rate dropped to the lowest since August, 2016, raising speculations that the Bank of England will have to take further measures to boost demand.To get more news about WikiFX, you can visit wikifx news official website.
      In addition, Britan‘s CPI grew 0.8% year-on-year, lower than economists’ expectations. The figure may kindle an even more heated debate over whether the central bank should introduce negative interest rate for the first time.
      HSBC downgraded its forecast of GBP/USD before the end of the year from the previous 1.35 to 1.2, while pointing out the risks including Britains fiscal well-being(as the worst of G10 members) and Brexit: euro is expected to rise from 0.81 to 0.87 against pound before the end of the year, the British government again dismissed the possibility of extending the Brexit transitional period, while it seems unlikely for the two sides to completely settle a free trade deal before the end of 2020.https://wzimg.fx696.com/guoji/2020-06-29/637290494704348914/ART637290494704348914_925480.jpg-wikifx_articlepic
      With Britain sinking into a severe recession and the economy in sluggish recovery, structural factors may further weigh on the pound.
    In Europe, the hardest-hit area of the epidemic, financial measures are also being gradually promoted and implemented. European Commission President von der Lane said the EU will launch an investment plan of 37 billion euros and give member states flexibility in terms of budget deficits and state aid, and will use 1 billion euros of EU funds to provide loan guarantees of up to 8 billion euros to 100,000 companies in tourism, retail, transport and other troubled industries hit by the epidemic.
      Italian Prime Minister Conte said that 25 billion euros have been prepared to deal with the economic impact of the COVID-19 epidemic. British Chancellor of the Exchequer Sunak said he would provide 330 billion pounds in government loans and guarantees to support the economy. French Finance Minister Lemerre announced that he would invest 45 billion euros to fight the epidemic.
    Read more...
    wall 8 days ago
  • Winning $410 million Mega Millions ticket sold in Glendale


    Check your Mega Millions ticket because somebody here in Arizona just won Tuesday’s $410 million jackpot. It’s a first for Arizona. The jackpot can be paid out as an an annuity with 30 annual payments or is worth $319.9 million if collected in a lump-sum, officials said. The final jackpot amount was slightly higher than the estimated value, officials said.
    The Arizona Lottery says the Circle K at 67th Avenue and Beardsley Road in Glendale sold the ticket. Get more news about 彩票包网开版,you can vist loto98.com

    The winning numbers are 1, 5, 9, 10, and 23, plus the gold Mega Ball 22. If those are the numbers you have, the Arizona Lottery suggests signing the back of ticket immediately.Last August, Arizona joined a growing number of states allowing people who win lottery jackpots of $100,000 to remain anonymous forever. The law specifies that winners of Arizona Lottery prizes of $100,000 or more automatically remain anonymous for 90 days but the winners can choose to remain anonymous permanently.

    “Every single person that has won that sort of money has opted for that,” Arizona Lottery spokesman John Gilleland said.The Mega Millions jackpot has been rolling since Feb. 11, growing to become the largest prize in a year.

    According to the Mega Millions website, 13 tickets matched all five white balls. Nine of those tickets were sold in Florida, Maryland, Michigan, Minnesota, Pennsylvania, and Washington. They’re worth $1 million each. The other four tickets matched the five white balls and the Megaplier. Those tickets are worth $2 million and were sold in Mississippi, New York, and South Carolina. This is the first big Mega Millions prize for the Mississippi Lottery. Founded in August 2018, it’s the newest lottery in the country.

    The third prize in the Mega Millions game is $10,000. According to the Mega Millions website, 74 tickets matched four white balls and the Mega Ball. Thirteen of them had the Megaplier option, which doubled the prize to $20,000.
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    wall 8 days ago
  • Winning $410M Mega Millions ticket sold in Phoenix suburb


    A sole winning ticket for Tuesday's $410 million Mega Millions drawing was sold at a convenience store in a Phoenix suburb, lottery officials said Wednesday.The winning ticket was purchased at a Circle K in the city of Glendale, Arizona Lottery spokesman John Gilleland said Wednesday.Get more news about 彩票API,you can vist loto98.com

    The jackpot can be paid out as an annuity with 30 annual payments or is worth $316.8 million if collected in a lump-sum, Gilleland said.The winning numbers were 1, 5, 9, 10 and 23, with Mega Ball 22.

    Under a 2019 Arizona law, the winner can remain anonymous forever, Gilleland said.“We may never be able to release the identity,” he said.

    The law specifies that winners of Arizona Lottery prizes of $100,000 or more automatically remain anonymous for 90 days but the winners can choose to remain anonymous permanently. The option for permanent anonymity was adopted last year.

    “Every single person that has won that sort of money has opted for that," Gilleland said.A local convenience store was one of four businesses across the state to sell a winning Fantasy Five lottery ticket for Sunday’s drawing.

    The winning Florida Lottery ticket was sold at Kwik Stop, located in the Citgo gas station at 1852 20th Street, Vero Beach, lottery officials said. The winning numbers were 03-08-18-23-28.

    Each winner will receive the grand prize of $42,396.68.
    Read more...
    wall 8 days ago
  • Winning $410M Mega Millions Ticket Sold In Phoenix Suburb


    A sole winning ticket for Tuesday’s $410 million Mega Millions drawing was sold at a convenience store in a Phoenix suburb, lottery officials said Wednesday.Get more news about 彩票包网,you can vist loto98.com
    The winning ticket was purchased at a Circle K in the city of Glendale, Arizona Lottery spokesman John Gilleland said Wednesday.
    The jackpot can be paid out as an an annuity with 30 annual payments or is worth $316.8 million if collected in a lump-sum, Gilleland said.
    The winning numbers were 1, 5, 9, 10 and 23, with Mega Ball 22.
    Under a 2019 Arizona law, the winner can remain anonymous forever, Gilleland said.
    “We may never be able to release the identity,” he said.
    The law specifies that winners of Arizona Lottery prizes of $100,000 or more automatically remain anonymous for 90 days but the winners can choose to remain anonymous permanently. The option for permanent anonymity was adopted last year.
    “Every single person that has won that sort of money has opted for that,” Gilleland said.
    As of Tuesday afternoon, the prize was unclaimed. The ticket was sold at Fast Lane Shell, 1999 E. Ajo Way, near South Kino Parkway, according to Arizona State Lottery officials.

    The ticket matched four out of the five numbers and the Powerball number. "This ticket's cash prize would have been $50,000, but since the ticket also had Power Play, the total cash prize tripled to $150,000," officials said.

    The winning numbers were 16, 32, 35, 36, 46 and Powerball number 3. The Power Play number was 3. The holder of a Powerball ticket worth more than $136 million has contacted the West Virginia lottery.

    But lottery assistant director Randy Burnside says the winner wants to remain anonymous.The ticket that was sold at a convenience store in Hinton was the only winning ticket in the country to match all six numbers drawn June 3.
    Read more...
    wall 8 days ago
  • Did‘Black Lives Matter Rally’and all major rallies bring negative effect on the stock market?


      After last weeks riots, many people compared the current chaos to that of 1968: a global pandemic, ethnic conflict and political upheaval. That year, Martin Luther King and Robert Kennedy were assassinated, the presidential campaign between Nixon and Humphrey highly polarized US political circle, protests broke out across the United States, and the H3N2 flu, which turned into a global pandemic, killed nearly 100,000 Americans and millions around the world.To get more news about WikiFX, you can visit wikifx news official website.
      At that time, the US stock market was quite similar to what it is now-the stock index has risen amid in turmoil. Between January and March 1968, the S&P 500 fell 9%, but the market has since rebounded by 24%, and up 7.6% for the year. Also, in the months after the assassination of President John F. Kennedy in 1963, the civil rights movement in Alabama in 1965, the War of Resistance in Washington, D.C., in 1967, and the Los Angeles riots in 1992, the volatility of US stocks remained unchanged. Moreover, the S & P 500 has recorded gains in these years, ranging from 4% to 20% after dividends.
      These past cases remind us that the stock market and social and political events are not always linked. We may even say that the problem of social unrest has little long-term impact on the market. One reason is that the market is forward-looking, so it's not just about the current situation. On the other hand. The Fed is propping up an economy hit hard by the epidemic with unprecedented intervention. Since the end of February, the Fed has poured nearly $3 trillion into financial markets, boosting stocks and overshadowing other market forces.
      It is worth mentioning that, like 1968, this year is also an election year in the United States. Some industry insiders point out that if there was any reason why asset prices survived the terrible year in 1968, the election may be one of the important reasons.
    Read more...
    wall 25 days ago
  • Crude Oil Rally Hindered by Gap Resistance, OPEC+ Meeting in Limbo


      Doubts remain whether today‘s OPEC+ meeting will take place, with no official confirmation one way or another to guide traders. The meeting was originally set for June 9-10 but talk surfaced late-May that the meeting could be forward to today to announce an extension of April’s production cuts. The 9.7 million barrel per day production cut runs out at the end of June and market talk is that OPEC+ members may extend these cuts for another month to help balance faltering demand.To get more news about WikiFX, you can visit wikifx news official website.
      Crude oil has rebounded sharply off its late-April low with little in the way of any consolidation. A series of lower highs highlight the recent positive sentiment in the space and recent price action has taken crude to the bottom of a gap on the daily chart made between March 6 and March 11 this year. Followers of gap trading normally look for any gap to be filled as there is little in the way of support or resistance to slow the move. The daily chart shows the gap between $36.59/bbl. and $41.94/bbl. and the lower level continues to temper a full re-trace of this gap. The CCI indicator shows the oil market in overbought territory and there needs to be a positive fundamental driver to push oil higher through this resistance to faciltate further gains. If OPEC+ cuts are extended, and the market retains its overall risk-on sentiment, then a break through $41.19/bbl. would set up the 61.8% Fibonacci retracement level at $43.36/bbl. as the next target ahead of the 200-dma, currently at $44.79/bbl.

    Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.
      What is your view on Crude Oil – bullish or bearish? You can let us know via the form at the end of this piece or via Twitter @nickcawley1.
    Read more...
    wall 25 days ago
  • AUD, APAC Stocks May Trim Gains. Is Bullish Sentiment Fading?


    Wall Street ended the day mostly in red, with the S&P 500 and Nasdaq indices closing 0.34 and 0.69 percent down, respectively. Crude oil prices ended the day modestly higher though gold and bond prices fell. Foreign exchange markets showed a somewhat mixed picture. The anti-risk Japanese Yen was down against its G10 counterparts along with the Canadian and US Dollars while SEK and NOK relaxed in the green.To get more news about AXNFX, you can visit wikifx news official website.
      US jobs data soured sentiment and temporarily pushed the anti-risk US Dollar higher against its counterparts. Initial jobless claims came in higher than expected at 1877k, over 40k more than the 1833k estimate. The prior number was also revised to show a 3k increase from 2123k to 2126k. These statistics sent a chilling reminder to buoyant investors that the consequences of the coronavirus pandemic have yet to be fully revealed.
      The Euro soared for an eighth consecutive day, resulting in its longest winning streak since 2011 following the ECB rate decision. Monetary authorities surprised markets after they announced an unexpectedly-large increase to its emergency purchasing program known as the Pandemic Emergency Purchase Program (PEPP) by 600 billion euros.
      EUR/USD closed almost one-percent higher and is at its highest point since March. Investors likely cheered the central banks efforts to support growth, boosting equities and sinking USD. The extra stimulus also pushed sovereign bond yields lower on debt issued by economically distressed states like Italy that were hit particularly hard by Covid-19 and helped lift the Euro.
      Fridays Asia-Pacific Trading Session
      With a bare data docket ahead, foreign exchange markets will likely place their focus on macro-fundamental risks. Asia may inherit the mixed dynamics of Wall Street which could see AUD and NZD trim some of their gains along with emerging market FX. Fading market optimism may result in a pullback from an impressive rally in sentiment-linked assets and could push the anti-risk Japanese Yen and US Dollar higher.
      AUD/JPY Analysis
      Since mid-late March, AUD/JPY has surged over 20 percent after bottoming out at an 11-year low at 66.046. The pair is now at the lower tier of a key inflection range between 75.925 and 76.320. If AUD/JPY is able to clear it with follow-through, this could lead to a retest of former support-turned-resistance at 77.736. However, if the pair is unable to clear 79.925, capitulation could inspire additional sellers to enter the market.
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    wall 25 days ago
  • freemexy jack created a new topic Trading Opportunities in EUR/USD and EUR/JPY in the forums.
    Trading Opportunities in EUR/USD and EUR/JPY


    Trading variety recommended today is: EUR/USD (up: 7 days, overnight change: 0.56%, fluctuation: 0.81%)
      The correlation coefficient of EUR/USD and EUR/JPY reaches 0.97 during this period, and below are some trading tips for investors.To get more news about Binomo, you can visit wikifx news official website.
      u Hedging: when buying one 1 standard lot of long/short position EUR/USD, hedge with 1 standard lot of EUR/JPY in the opposite direction.
      u Portfolio diversification: When investing in EUR/USD, avoid the high-correlation varieties and invest in other forex varieties less relevant to EUR/USD.
      u Risk distribution: when buying one 1 standard lot of long/short position EUR/USD, couple with 1 standard lot of EUR/JPY in the same direction.
      u Today's special reminder for investors: Eurozone service industry PMI final reading will be released at 16:00, Eurozone's April monthly retail sales at 17:00, and the main refinancing rate of the European Central Bank to June 4 released at 19:45.
      From WikiFX, a world-renowned forex trading inquiry service provider. For more information, please download:
    WikiFX News (5 June)-The European Central Bank released the latest monetary policy decision yesterday, and EUR/USD rose significantly while the ECB Chair Lagarde was still speaking.
      ECB Commissions latest decisions include increasing the Pandemic Emergency Purchase Programme (PEPP) by 600 billion euros to 1.35 trillion euros. Net purchase under this programme will be extended to at least the end of June, 2021. The principal payments from maturing securities under the scheme will continue to be reinvested until at least the end of 2022.
      The ECBs projection for EUR/USD rate is 1.09 in 2020 and 1.08 in 2021-2022.
      EUR/USD shortly spiked 67 pips after the decisions were released and then slightly dropped back. Later it grew again during Lagardes speech at the press conference.
      From WikiFX, a world-renowned forex trading inquiry service provider. For more information, please download:
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    wall 25 days ago
  • freemexy jack created a new topic Sterling Is Still in the ICU in the forums.
    Sterling Is Still in the ICU

    Of course, we continue to pay attention to the second round of EU-UK trade negotiations that began today, but on the eve of the negotiations, the EU s chief negotiator Barnier warned Britain that should it fails to comply with its commitments, there may be a no-deal Brexit. Therefore, the financial market remains extremely worried that failing to reach a relevant agreement by the two parties will result in a Brexit without a trade agreement when the transition period is over at the end of the year. Of course, the pound may rebound if there is a dramatic turnaround, but the outlook is still pessimistic.To get more news about WikiFX, you can visit wikifx news official website.
    Regardless of whether the UK and the EU have reached an agreement in trade negotiations, the new coronavirus has caused the worst economic blow to the UK in 100 years. Therefore, forex traders generally believe that the Bank of England will implement negative interest rates in the future to stimulate the economy.
      In order to support the weak economy, the British fiscal deficit and even the overall debt have deteriorated seriously. At present, the overall borrowings of the United Kingdom exceeds US$ 2.5 trillion, the highest annual deficit since World War II. The related deficits and debts have skyrocketed, which only add to the already huge burden of Britain with little reserves. Therefore, it is generally predicted that the British government will increase taxes in the future with few options at hand, which will hit the economy even more.
      Affected by the above situations, the implied volatility of the three-month pound sterling is higher than the forex volatility index, while the net short position of the pound has continued to rise, both reflecting the continued pessimism of the forex market towards the pound.
      The dollar will fall in the short term due to domestic turmoil, and if the European-British negotiations really see a dramatic turnaround, it's likely that the GBP/USD will rise from the previous 1.2650 and then fall back to the 1.1960 level. Judging from the overall trend, I think there is still a chance for the pair to retest the low of 1.1400 in the second half of the year.
      [About The Author]
      Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.
      Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.
    Read more...
    wall 25 days ago
  • Benefits of Getting A US Permanent Resident Card


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    wall 25 days ago
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  • To learn how the COVID-19 affects the global economy from 7 figures



    In order to stop the further spread of novel coronavirus, governments around the world have taken varying degrees of measures to block some countries and cities. This includes closing borders, closing schools and workplaces, and restricting large gatherings.To get more news about WikiFX, you can visit WikiFX news official website.
      The unemployment rate is rising.
      These restrictions, called the “Great blockade” (Great Lockdown) by the International Monetary Fund(IMF), caused many global economic activities to sink into stagnation and people to lose their jobs. It can be seen that this is a real challenge for the whole world. The worlds largest economy, America, has lost more than 2,600 million jobs in the past five weeks. The United States is not alone in facing rising unemployment. Unemployment has also risen in Australia and South Korea, with some economists warning that the situation could get worse.
      Services are the main source of economic growth and employment in many countries, including the United States and China, the world's two largest economies and consumer markets. Even though the retailers such as Amzaon reported growing online sales, the whole online retailing sector has seen a decline.
      As novel coronavirus spreads around the world, manufacturers are under pressure again. As more and more countries implement blockade measures, manufacturing enterprises are affected as well. Some factories have been forced to close temporarily, while those that remain open face restrictions on access to the supply of intermediate goods and materials. Most importantly, the decline in demand for goods has exacerbated the challenges facing manufacturers. As a result, factories in countries from US to Europe and Asia have reported a decline in output over the past month.
    Global trade had slowed in 2019 and is expected to be further dragged down in 2020 by the novel coronavirus pandemic.
      The World Trade Organization (WTO) said that in an optimistic scenario, the volume of global trade in goods will fall by 12.9% in 2020 and rebound rapidly by 21.3% in 2021, while in a pessimistic situation, the volume of global trade in goods will decline by 31.9% in 2020 and rebound by 24% in 2021. The WTO said that unlike during the financial crisis, the epidemic has a greater impact on the value chain and trade in services. In the electronics and automotive industries, where the value chain is more complex, trade is likely to fall sharply.
      The impact of the novel coronavirus pandemic on economic activities has led many institutions to slash their forecasts for the global economy. The International Monetary Fund (IMF) has received widespread attention for its assessment of the global economy, which estimated a 3 percent global economic shrinkage this year. Only a few economies, such as China and India, are expected to grow in 2020, IMF said. Although the IMF expects economic growth to rebound 5.8 per cent next year, it said that “the recovery is only partial because the level of economic activities is expected to remain lower than what we forecast for 2021 before novel coronavirus' attack”.
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    wall 42 days ago
  • Warren Buffett, Berkshire Hathaway sold its airline stocks in April



    Warren Buffett's Berkshire Hathaway sold the “big four” airline stocks in April, the famed investor revealed at Berkshire Hathaway's annual meeting on Saturday.“It turned out I was wrong,” Buffett said about his decision to invest in them.Berkshire's first-quarter earnings revealed that it sold $6.1 billion in stock in April, and Buffett attributed that figure to its exit from the airlines.Buffett said that carriers could be left with “too many planes” if people fly less than they did before, and they would have to repay some of their recent government loans.Visit Business Insider's homepage for more stories.To get more news about <b><a href="jump.wikifx.com/A546EBA5854E602E"&g...lt;/a></b>, you can visit WikiFX news official website.
      Warren Buffett's Berkshire Hathaway sold the “big four” airline stocks in April, the famed investor revealed at Berkshire Hathaway's annual meeting on Saturday.“It turned out I was wrong,” Buffett said about his decision to invest in the airlines. The companies are well managed and the CEOs “did a lot of things right,” he continued, but “the airline business ... changed in a very major way.”Berkshire's first-quarter earnings revealed that it sold $6.1 billion in stock in April, without detailing what it sold. Buffett attributed that figure to Berkshire's exit from the airlines.Read more: 'Brace for selling': A Wall Street quant strategist warns that stock-market buying power could evaporate just one week from now — opening the floodgates for a 'sell in May' episode
      Buffett explained the move by highlighting the airlines' bailout deals with the US government. Their agreements include billions of dollars in loans that they will have to repay, as well as warrants that the Treasury can exercise to acquire their shares at a discount in the future. The warrant part of the deal was inspired by Buffett's bailouts of Goldman Sachs and other companies during the financial crisis.The investor also questioned whether people will fly as much in the next two or three years as they did last year. Even if passenger volumes bounce back to 70% or 80% of their pre-coronavirus levels, he said, the carriers will be left with “too many planes.”“The future is much less clear to me,” Buffett said about the airline business.Read more: Quant megafund AQR explains why investors should be more worried about prolonged slumps than virus-style crashes — and details a 3-part process for protecting against them
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    wall 42 days ago