How can art bring about such dramatic social change? In this case, it was through the power of storytelling. Many Pakistani lawmakers had never come face to face with a survivor of honour killings before they heard Saba talk about her story. Good art can educate and create empathy, and empathy leads to change. Global leaders in business and politics are increasingly aware of this and are investing in art as a way of engaging with communities, improving lives and boosting economic growth.To get more news about art and its impact on society, you can visit shine news official website.
A Canadian business survey conducted in 2008 found that 86% of respondents believed art made for more integrated and healthier communities, while 88% thought it had a positive impact on health and well-being. In economic terms, art more than pays its way. According to a 2015 report for Arts Council England, every pound of targeted public arts funding returns £5 in tax. Still, more must be done to really use the potential of art as an engine for progress.
Where the arts thrive, freedom of expression thrives. Art can directly empower the most vulnerable members of society. In another Oscar-winning documentary, Saving Face, I shone a spotlight on female victims of acid attacks in Pakistan’s Punjab province. The film drew worldwide attention and encouraged the local Punjabi government to do more to support the victims. Their cases are now fast-tracked through special anti-terrorism courts. Before, it took years to bring the perpetrators to justice; now it takes months.

Of course, stories of injustice, protest and resilience are waiting to be told all over the world, not only in Pakistan. My next film will be about the difficulties of vulnerable young athletes in the seemingly privileged scene of US college sports. In China, the artist Ai Weiwei has highlighted numerous social issues through his installations and sculptures. He has used his work to criticize the official response to the 2008 Sichuan earthquake, to capture the fast pace of cultural change in China, and even to document his own persecution and imprisonment.
Such social battles are not separate from economic progress, but go hand in hand with it. Creativity and individual freedom can generate new opportunities. In 2014, I directed Pakistan’s first animated feature film, Three Braves, about two boys and a girl who are trying to save their community from a villain. Pakistan has a very young population, but because almost all our animated films are imported, children rarely see local role models on screen. My aim was to provide inspiration while also offering new prospects to young Pakistanis interested in media work. Homegrown movies can change minds and create jobs. Already, a new generation of Pakistani artists are developing their own animated films, which will attract further investment to our country’s growing media sector.

For such change to happen around the world, leaders in the arts, politics and business must work together. Many businesses are already commissioning public art, funding literary prizes or sponsoring film festivals. However, these efforts often focus on well-known institutions in large cities. While these are important, grassroots organizations, poor urban areas and rural regions can often benefit from cultural funding too.

In England, the contribution of arts and culture to the economy has grown fastest in regions that have been struggling to recover from the recession, according to the Arts Council report. Here in Karachi, where I live, I have seen how youth programmes can dramatically reduce violence by helping gang members escape the cycle of crime. Healthy communities support healthy businesses, which in turn feed economic growth.

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Literature and the arts have always held a prominent place in helping to define who we are as human beings and in enriching our lives. This is all the more apparent during moments of crisis, like the current COVID-19 pandemic.To get more news about the importance of art to humankind, you can visit shine news official website.

Four UC Berkeley professors — scholars of music, art and letters — discussed Wednesday during a live Berkeley Conversations video event what arts and culture can offer worried, lonely souls fearful of an invisible virus.

The group examined music by Ludwig von Beethoven, art by Antoine-Jean Gros and Theodore von Gericault and works of literature by Daniel Defoe, to find moments that might help us better comprehend feelings we’re struggling with today.

Pointing to works by Beethoven that telegraph inner turmoil and triumphant beauty, Anthony Cascardi, dean of arts and humanities, noted that the composer "combines the crisis and the joyous breakthrough moment, the glorious resolution.”

"In fact,” Cascardi added, "if we don’t have a sense of what that hope is like, we really don’t understand what a crisis is. They really have to be understood together. I think that is a very important point to keep in mind as we struggle through a crisis with a very uncertain and unknown end.”

Mark Danner, a professor of English and journalism, reminded the live video audience, which numbered in the hundreds on Facebook and YouTube, to not forget to notice the important moments of connection while sheltered in place, moments that may last beyond the recovery.

During a crisis, "the normal structures of our life which we take to be determined, and necessities, suddenly fall away,” he said. "You find you can live life artistically, you can create a different way to live, you can create yourself. Your life is not path-dependent, the way you thought it was.”

During the COVID-19 pandemic, "we see there are other ways to live,” he added. "We understand that communality is a necessity. We can hope that this ability to reshape life will be something that is taken away from this crisis. … We will see new ways of relating to one another that won’t be determined by the crisis, but will be a result of the creativity we can see that is possible in our (new) ways of living.”

Berkeley Conversations: COVID-19 is a live, online series featuring faculty experts from across the Berkeley campus who are sharing what they know, and what they are learning, about the pandemic. All conversations are recorded and available for viewing at any time on the Berkeley Conversations website.

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People are dying, critical resources are stretched, the very essence of our freedom is shrinking – and yet we are moved inward, to the vast inner space of our thoughts and imagination, a place we have perhaps neglected. Of all the necessities we now feel so keenly aware of, the arts and their contribution to our wellbeing is evident and, in some ways, central to coronavirus confinement for those of us locked in at home. For some, there are more pressing needs. But momentary joys, even in dire circumstances, often come through the arts and collective expression.To get more news about importance of art in society, you can visit shine news official website.

As a lecturer in illustration, I am constantly encouraging students to find an artistic voice and identify, in this crowded world of images, some touchstones to develop their own aesthetic. Art critic and theorist John Berger identified, in the act of drawing, something that is inherently autobiographical – a continual process of refining vision which moves us towards new understandings about ourselves and the world around us.

In this time of crisis and isolation, the role of art becomes more central to our lives, whether we realise it or not. We can easily take for granted the grand buffet of media that is available to us – and I can be guilty of a lack patience when students find it difficult discerning quality amid a sea of memes and amateur artistic indulgence which, to the unsuspecting, can appear to be worthy. The lack of curation on the internet frustrates people like me who value culture and its contribution and equally, are quickly becoming grumpy old men and women.

Whether we like it or not our consumption habits – including media – form who we are, our values, our inclinations. They are a patchwork of beliefs that are also tested in these difficult times.

Art can set you free
I was a high school teacher in Sleepy Hollow, New York, 20 miles away from ground zero when the 9/11 attacks happened. It was a time like now that tested our collective ability to make sense of a new normal and to mourn for the time before that would never come back. A schism in the collective consciousness that everyone struggled to frame, even artists.

Art Speigelman’s graphic novel In The Shadow of No Towers was less of a coherent narrative about 9/11 than an attempt to reassemble his own psyche through the comfort of his own creations and the medium of the comic itself.People on social media are sharing favourite Netflix playlists, songs, videos and even artwork to reach out beyond isolation and share what they love. It is naive to think that such lists are mere casual swaps of entertainment enjoyed and recommended. They are an externalisation of the personality of the list maker: the romance enthusiast, the lover of comedies, the thrill seeker, the horror fan, and the aficionado of obscure documentaries.In this time of restriction, TV, film, books and video games offer us a chance to be mobile. To move around freely in a fictional world in a way that is now impossible in reality. Art connects us to the foreign, the exotic and the impossible – but in our current context, it also connects us to a world where anything is possible. A world out of our grasp for now.

The world we wake up in is a counterfeit reality. Things look the same. Unlike those now familiar films, the descent of humanity is not apparent in the slow shuffle of moaning, glassy-eyed zombies. The threat we face feels like those clever horror movies like The Blair Witch Project, Paranormal Activity and more recent films like The Quiet Place where we rarely see the source of horror. The current moment is best understood as a kind of low hum of anxiety, like the buzzing of a pylon in a field.

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In order to give y‘all a comparison of the effectiveness of each technical indicator, we’ve decided to backtest each of the indicators on their own for the past 5 years.Backtesting involves retroactively testing the parameters of the indicators against historical price action. Youll learn more about this in your future studies. For now, just take a look at the parameters we used for our backtest.To get more news about WikiFX, you can visit wikifx news official website.


Using these parameters, we tested each of the technical indicators on its own on the daily time frame of EUR/USD over the past 5 years.
　　We are trading 1 lot (thats 100,000 units) at a time with no set stop losses or take profit points.
　　We simply cover and switch position once a new signal appears. This means if we initially had a long position when the indicator told us to sell, we would cover and establish a new short position. Also, we were assuming we were well capitalized (as suggested in our Leverage lesson) and started with a hypothetical balance of $100,000. Aside from the actual profit and loss of each strategy, we included total pips gained/lost and the max drawdown. Again, let us just remind you that we DO NOT SUGGEST trading forex without any stop losses. This is just for illustrative purposes only! Moving on, here are the results of our backtest.
　　Forex trading is similar. It is an art and as traders, we need to learn how to use and combine the tools at hand in order to come up with a system that works for us. This brings us to our next lesson: putting all these indicators together!

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Forex is the largest financial market in the world, with the daily trading volume being 5.3 trillion US dollars. It covers transactions of all currencies in the world. There is no central exchange in the forex market, all transactions are conducted independently by traders on the MT4 system. And round-the-clock services are provided within 7 days in the forex market. When trading in the time zone of a country ends, the market may only open on the other side of the world. For example, Sydney opens at 5:00 pm (EST); Tokyo opens at 7:00 pm (EST); London opens at 3:00 am (EST); and NewYork opens at 8:00 am (EST). The closing time of the NewYork market coincides with the opening time of Sydney. Therefore, transactions can be made at anytime.To get more news about WikiFX, you can visit wikifx news official website.


　　Forex transactions require a high execution speed, because transactions need to be done immediately. Traders can adjust their transactions with the change of the market. The quotations traders get are always based on the real-time market. In addition, traders only need to pay spread fee, due to the fierce competition in the market, which causes most brokers to offer fairly low spread.
　　A Futures contract is a kind of financial agreement between a buyer and a seller for delivering a commodity at a certain time in the future. And the buyer buys a futures contract, which means that he agrees to buy a commodity at a fixed price in the future, and the seller must sell it at the agreed price. The delivery date can be a week, a month, a quarter or even a year. Traders in the futures market can also trade in both directions.
Compared with the forex market, the futures market is much smaller, with an average daily trading volume of about $50 billion. Therefore, the liquidity of futures is much smaller than that of the forex market. Unlike forex, futures transactions must be conducted in trading centers. CME, the Chicago Mercantile Exchange, has the most traded futures contracts. In addition, Intercontinental Exchange (ICE) and European Futures Exchange (Eurex) are also exchanged with a large trading volume.
　　The delivery price of futures trading is uncertain. Futures trading usually does not take place immediately, so it is difficult for traders to know exactly how many goods they can buy or sell.
　　In the futures market, investors need to pay spread fees, commission fees, settlement and exchange fees. These fees can accumulate quickly and will consume traders profits eventually.
　　WikiFX suggestions: If you are preferring simple trading, it is more appropriate to choose forex than futures. The forex market has high liquidity and its openness to retail traders can provide a fairly good investment environment. The retail traders of futures account for relatively few, and its high risk makes the futures market more suitable for investors with certain trading experience. Whether you decide to trade forex or futures in the end, the most important thing is to make a trading plan, strictly follow the principles, and stick to it.

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On July 14, members of OPEC+‘s production oversight group known as the Ministerial Monitoring Committee, will be holding a conference call. The meeting will revolve around discussing and assessing each cartel members’ adherence to the recently agreed-upon supply cuts. Political friction there could unnerve traders and pressure crude oil prices.To get more news aboutWikiFX, you can visit wikifx news official website.
The following day, OPEC+ will be convening to discuss whether or not to extend record-production cuts into August at 9.6 million barrels per day or the original plan of 7.7 million bpd. In either case, a lack of coordination and signs of internal discontent – like what had occurred at the OPEC meeting March – could catalyze higher-than-usual price swings in Brent.

　　Countries like Iraq, Nigeria and Angola, who failed to meet supply cut quotas in May, are causing a stir an internal political deliberations among other members who are demanding a stricter enforcement mechanism. As a way to compensate overproduction, Angola has offered to cut production even deeper in the fall, but sources indicate that this has failed to placate the angst of its peers.
　　Euro Eyes EU Leaders Summit
　　Between July 17-18, leaders of the 27 EU member states will convene to discuss a EUR750b aid package to help restore economic activity in the virus-hit bloc. The funds would be allocated to the countries and sectors hit hardest by the Covid-19 pandemic and would come in the form of grants – EUR500b – and loans – EUR250b.
　　However, this major policy initiative has also widened the rift between the traditionally more fiscally-conservative North and their Southern counterparts. Members of the former want to reduce the amount of aid distributed through grants, while the latter prefers less of it in the forms of loans. Mediterranean states like Italy still have a bitter taste in their mouths from the Greek debt crisis and the austerity measures that followed.
　　Failure to reach consensus could see sovereign bond yields on comparatively riskier debt – like Portugal, Italy, Greece and Spain – rise at the expense of the Euro and regional equity indices. At a time of great division, the politically-sensitive Euro needs now more than ever signs of unity, stability and coordination. Doubt there could cause it to plunge against the anti-risk Japanese Yen, Swiss Franc and haven-linked US Dollar.
　　Earnings Week
　　This week, a cascade of earnings data will be sweeping across markets, potentially creating an environment of high volatility. Some note-worthy firms that will be releasing quarterly earnings data this week include Blackrock, Goldman Sachs and Wells Fargo. Large-cap technology stocks in particular have prospered amid the pandemic, though the party may have left smaller-cap peers out in the cold.
　　Since the selloff in March, North American global equity markets have experienced a double-digit bounce and has resulted in elevated stock prices. Earnings data may therefore be a rude awakening if the reports give investors a feeling that asset valuations are overinflated. A risk-off tilt may then ensue if traders liquidate their positions across the world and subsequently push cycle-sensitive assets like AUD and crude oil lower

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With a rally for a third consecutive week, gold price rose to 1,779.24 USD last week, approaching 8-year record high, as global stock markets fluctuated variously due to the worsening of COVID-19 with over 10 million confirmed cases in the world. In addition, geopolitical tensions in some regions also contribute to the upward trend of gold price. However, USD is favoured by investors because of an increasing risk aversion. So the strong USD might weaken the upward trend of gold.To get more news about WikiFX, you can visit wikifx news official website.


Gold is expected to keep rallying due to the factors above. Notably, gold‘s resistance level is at 1,788 USD, and the resistance level of gold extended wave is at 1,802 USD. At the same time, we cannot rule out the possibility that gold price would first challenge one of the two resistance level above, and then drop sharply. Especially when USD soars due to a nasty tumble of US stock, gold would be under more pressure to drop. It is worth noting that gold’s key level is at 1,745 USD. If gold fails to hold up the level, it will plummet.
In terms of WTI futures, it has the opposite trend of gold. Without the function of safe haven, oil prices are in a bad way because of a worse situation of COVID-19 and falling stock. WTI futures‘ reached the resistance level of 41.60 USD last week, and then dropped back to 37.09 USD. And WTI futures are likely to break the level of 37.09 USD, and further to approach the key level of 34.37 USD. The global stocks’ greater pressure to drop and the recent sharp rally of oil price may have a big chance to bolster the reproduction of US Shale and the significant increase of crude oil supply. Therefore, WTI futures are possibly to challenge another major support level of 30.72 USD. And it is estimated that oil prices will fluctuate horizontally in the range of 41.60-30.72.

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The US dollar is trading in the red again as the USDX is very heavy and it could drop deeper in the short term. Technically, the index is under massive selling pressure, so a further drop will push EUR/USD and the GBP/USD higher.To get more news about WikiFX, you can visit wikifx news official website.
　　USD was punished again by the United States figures, the PPI has decreased by 0.2%, even if the specialists have expected to increase by 0.4%, while the Core PPI has dropped by 0.3%, versus 0.1% drop in May, the market has expected to see a 0.1% growth in June. Unfortunately, the poor numbers have forced the greenback to lose significant ground versus its rivals.


The US Dollar Index has come back down to test and retest the 78.6% retracement level, a valid breakdown from this minor range between the 96.43 and the 97.74 levels could announce a further drop at least till the 96.00 psychological level.
　　As I‘ve said higher, a USDX’s further drop will push EUR/USD higher, we have a strong negative correlation between these two instruments. The pressure is high as long as the rate stays below the 61.8% (97.14) level and below the upper median line (UML).
　　Ive said in my previous analyses that only a valid breakout from this descending pitchfork, above the upper median line (UML) will really announce a USD major increase versus the other currencies.
　　The 96.00 level represents a critical support zone, a valid breakdown below this area will validate a further drop and the USD‘s major depreciation, while a false breakdown with great separation, reversal pattern, will suggest that the decline is finished and that the USDX will start another leg higher which will the dollar’s recovery.
　　Also, a rebound from the 78.6% (96.43) level could signal a bullish momentum because most likely the index will resume its sideways movement.
EUR/USD is traded at 1.1325 level and it seems determined to escape also from the minor range pattern. The price has decreased from 1.1370 Thursdays high and it has retested the upper median line (UML) of the descending pitchfork, a valid breakout above the 1.1348 will suggest buying again and it could validate a further upside movement.
　　The R1 (1.1404) is seen as static resistance, I believe that EUR/USD will ignore this obstacle if it will make a valid breakout above the 1.1348 level. The 1.1495 and the R2 (1.1574) could be used as near-term upside targets.
　　A further upwards movement will be invalidated only if the USDX will edge higher and if EUR/USD will drop below the 1.1200 again.GBP/USD has retested the broken upper median line (uml) of the minor descending pitchfork and now is pressuring the 1.2647 static resistance, a valid breakout above this level will signal a potential increase towards the median line (ML) of the major black ascending pitchfork again.
　　You can see that the pair has found strong support on the 50% Fibonacci line of the major ascending pitchfork, so technically, it is somehow expected to be attracted by the median line (ML) again.
　　GBP/USD has moved higher between the median line (ML) and the 50% Fibonacci line, so the outlook is still bullish. The price has failed to touch the median line (ml) of the minor descending pitchfork, so the rally towards the upper median line (uml) and towards the 1.2647 was expected.
　　A minor decrease could appear only if the GBP/USD will make a false breakout above the 1.2647. The 61.8% retracement level and the R1 (1.2725) are seen as strong resistance levels as well, a valid breakout above these levels will confirm a further rally at least till the median line (ML).

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What's New In World Of Warcraft Classic Phase 2?At the beginning of this month, Blizzard announced the updates of World of Warcraft Classic at BlizzCon 2019, mainly presented in Phase 2 and bringing a series of changes and new content for this retro game.To get more news about WoW Gold Classic Cheap, you can visit lootwowgold news official website.
On August 26, 2019, Blizzard released World of Warcraft Classic, bringing back a generation of game lovers to 2006 and evoking their memory. Meanwhile, the countless players gathered in Phase 1 to play the "old" game.Nearly two months later, Blizzard released Phase 2 on November 12, it is reported that World of Warcraft Classic is divided into six phases, which will be released in constant time. Except for the first two, it can't be known the detailed release dates until they are announced.With Phase 2, players can play it during a new PVP Honor system, along with world bosses Azuregos and Kazzak.
The players are waiting for it, since they want to get enough valuable rewards throughout the new system. This is determined by the players' level, and it takes a lot of time for investment, that being said, the rewards you can get are from the enemies the player kill. If you don't want to be defeated, it is best to fight with those enemies that are close to your level, then loot rewards dropping from them.And the crazy World Bosses will become the biggest threat to players, who used to be one of these elements of WOW Classic, and they return this time.Azuregos is a fair big boss, and it rarely gets angry unless you bother it.
Never try to fight with it, the powerful blue dragon can easily kill you, all you have to do is get three pristine elk horns, then escape from the zone before being noticed by Azuregos.It is a pretty good platform for you to keep focus on the development of WOW Classic, because we are always collecting the details and represent about it on our site.Knowing that you want to play better, and you are just one of the millions of players, it is acknowledged that the demand for WOW Classic Gold will grow with the game's development, which could constantly strengthen your characters and defeat the powerful enemies.

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Last week, Phase 2 just came to World of Warcraft Classic, introducing a PVP Honor system and World Bosses, until now, there are still four phases left to release in World of Warcraft Classic release plan.To get more news about Buy WoW Gold Safe, you can visit lootwowgold news official website.
After that, a Community Manager announced that it would release a new event on December 10, World of Warcraft Classic Battlegrounds, which should be released with Phase 3 in early 2020 but it is a few weeks ahead of schedule due to the release of PVP Honor System.Take Alterac Valley and Warsong Gulch for example, the method to win Alterac Valley battleground is killing an elite boss, the Horde could break down the leader of the Stormpike Guard, Vanndar Stormpike, and the Alliance must go after the leader and elder of the Frostwolf Clan, Drek'thar.
And Warsong Gulch is an easy battleground, you only need to stealth to the opposing fortress, grab the enemy flag and take it back to your own base.Anyway, the quests among there battlegrounds are not very difficult to complete, and you could get some extra Honor along with bonus loot through completing the quests.World of Warcraft Classic is a worthwhile game, and it has attracted countless players to jump into since its first release. In such a game without complicated gameplay and high levels, if you don't want to fall behind others, buy WOW Classic Gold to enhance your character, which could make your game better.

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A stop for some change led to a Macomb County man winning stacks of cash playing the Michigan Lottery’s $2,000,000 Lucky 7’s scratch-off instant game.Get more news about 菲律宾彩票包网公司,you can vist loto98.com
The 57-year-old man, who chose to remain anonymous, bought the winning ticket at the BP gas station, at 19440 East 10 Mile Road in Eastpointe, according to Lottery officials. "I stopped to put air in my wife’s truck tire and I needed some change for the machine,” said the lucky player. "I went in to get change and asked for a $10 Lucky 7’s ticket. The clerk handed me the $20 ticket by mistake."He offered to exchange it for me, but something told me to keep it.
I am sure glad I did!”The player visited Lottery headquarters to claim the big prize. He chose to accept his prize as a one-time lump sum payment of about $1.3 million rather than annuity payments for the full amount.With his winnings, he said he plans to buy a new home and then save the rest.Players have won more than $54 million playing $2,000,000 the Lucky 7’s game, which launched in December 2019. Each $20 ticket offers players a chance to win prizes ranging from $20 up to $2 million.
More than $44 million in prizes remain, including two $2 million top prizes, eight $10,000 prizes, 19 $5,000 prizes, and 273 $2,000 prizes.In 2019, the Michigan Lottery says players won more than $1.2 billion playing instant games.Lottery instant games may be purchased at 10,500 retailers across the state.

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Shanghai’s office market stands to benefit from strong appetite from foreign financial firms.To get more news about Shanghai finance news, you can visit shine news official website.
Financial institutions from around the globe moved to grab office spaces and expand their operations when the Chinese government announced last year it would ease restrictions on foreign involvement in the country’s financial system. Many are staying the course, according to Bloomberg."Foreign financial tenants are undeterred by the outbreak. We haven’t really seen anyone winding back expansion plans like some other multinational companies,” said CBRE’s Fion Zhang.
They’ve scooped up prime office spaces. Bank of America expanded its footprint by 20 percent when it moved into the International Finance Center in the fourth quarter.Japanese brokerage Nomura Holdings has nearly doubled its footprint in anticipation of doubling its headcount in Shanghai by 2023. The influx of large foreign entities has helped bring in smaller firms too. Swiss firm EFG Bank AG for example signed a 120-square-meter lease late last year.
Strong demand is a relief for Shanghai developers and landlords. Among other things, a supply glut and China’s trade war with the United States last year pushed office vacancy rates to levels not seen since the last financial crisis.Vacancy rates in Shanghai are expected to hit 30 percent this year and rents to drop 6 percent, according to Colliers International.

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Although property sales of China's largest developers have rebounded since March as the economy gradually reopens, experts said it is too early to gauge when the nation's housing market will fully recover from a slowdown that started long before the pandemic lockdown.To get more news about China property market 2020, you can visit shine news official website.
In March, the combined contracted sales of the 10 largest developers by assets that also disclose monthly operational data rose to 260.45 billion yuan, ending four straight months of decline, according to company statements. In April, the combined sales increased further to 296.53 billion yuan, up 8.9% from a year earlier, the first year-over-year rise in 2020.However, for the first four months of this year, combined contracted sales of top developers were still 4.03% less than a year earlier. The developers in this sample are China Evergrande Group, Country Garden Holdings Co. Ltd., China Vanke Co. Ltd.,
Sunac China Holdings Ltd., Longfor Group Holdings Ltd., Seazen Group Ltd., Guangzhou R&F Properties Co. Ltd., Greentown China Holdings Ltd., Cifi Holdings (Group) Co. Ltd. and Agile Group Holdings Ltd.The rebound [has] not [been] remarkable nor surprising," said Victor Cheung, CEO and executive director of Midland Holdings Ltd.'s China division. "Given the economic development was pulled off track by the COVID-19 pandemic, to tell whether or not the market has recovered, we have to wait for the sales figures in the second half of 2020."China's property market started cooling long before the world's first COVID-19 cases were reported in Hubei province toward the end of 2019 and then a nationwide lockdown for most of the first quarter of 2020.In recent years, Beijing has also been stepping up regulations to crack down on "speculative activities" in the housing market, while the nation's economy continued slowing amid the unwinding of financial risk and then U.S.-China trade tensions.
In 2019, the total area of commercial real estate sold — including homes, offices, hotel and retail space — fell 0.1% from a year earlier, compared to a year-over-year increase of 1.3% and 7.7% in 2018 and 2017, respectively, according to the National Bureau of Statistics of China.Now, as China's economy contracted for the first time on record in the first quarter, and many of its trading partners are reporting recessions, an uncertain global economic outlook will weigh on the export-reliant economy and its housing market, experts said."Given both internal and external downward pressure brought by the stumbling global economy and slow economic recovery in Europe and the U.S., it is expected that the national gross floor area sold will be on par with that of 2019, with single-digit growth in property prices," Cheung said.

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NPC International Inc., the largest franchisee of Pizza Hut restaurants in the U.S., filed for bankruptcy after coronavirus-related shutdowns added to competitive pressures in the restaurant industry.To get more news about NPC, you can visit shine news official website.
The closely held company sought Chapter 11 protection in the Southern District of Texas court on Wednesday. NPC, founded in 1962, operates 1,227 Pizza Hut and 393 Wendy’s stores across the U.S., according to court papers.NPC and Pizza Hut have struggled with rising labor and food costs while trying to expand delivery and move away from traditional dine-in restaurants. The Overland Park, Kansas-based company also faces cut-throat competition from rivals such as Domino’s Pizza Inc. and Papa John’s International Inc.
The company has $903 million in debt and has pre-negotiated a restructuring agreement with about 90% of its first lien lenders and 17% of second lien lenders. The plan is aimed at reducing the company’s debt, with first lien lenders taking equity and potentially participating in a new cash injection. It also includes the sale of at least part of the company’s restaurants, according to the filing.The Chapter 11 filing doesn’t mean Pizza Hut and Wendy’s are going out of business. NPC can keep operating while it works out a plan to pay its bills and turn the business around, and the bankruptcy doesn’t affect the thousands of other Pizza Hut and Wendy’s outlets owned by other franchisees.
Under the deal with its lenders, NPC will start trying to sell its Wendy’s restaurants in the coming days. Meanwhile, the company has until July 24 to work out a deal with certain creditors and Pizza Hut itself on how to restructure NPC’s pizza business. If they can’t come to a deal, NPC will try to sell an unspecified number of its Pizza Hut restaurants, according to a restructuring outline filed with the court."While NPC’s Chapter 11 filing was expected, we view it as an opportunity to create a better future for NPC’s Pizza Hut restaurants,” a Pizza Hut spokesperson said in an emailed statement. "We are working with NPC and its lenders to ensure that NPC’s Pizza Hut restaurants emerge from this process with the support they need to succeed.
”Ahead of the pandemic, NPC, backed by private investment firm Eldridge Industries LLC, brought in the help of restructuring advisers at law firm Weil Gotshal & Manges as well as investment bank Greenhill & Co. and operational adviser AlixPartners LLP, Bloomberg reported. Eldridge wrote off its equity investment in NPC last year.Restaurants are facing new pressures with the temporary closures of locations across the country to stem the spread of coronavirus. The drain on revenue has been too much for some, causing them to file for bankruptcy protection. Recent filings include CEC Entertainment Inc., the parent of Chuck E. Cheese and Peter Piper Pizza, and the U.S arm of Le Pain Quotidien. Greenwich, Connecticut-based Eldridge bought Le Pain Quotidien out of bankruptcy.

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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 aboutWikiFX, you can visit wikifx news official website.
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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.
　　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.
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　　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.

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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 aboutWikiFX, 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.
　　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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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.
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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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.
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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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.

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.

　　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.

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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.
　　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.

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