September 07, 2020
Gold price analysis - will it break the level of 2000?
Gold prices have risen from $1,801.30 to $1,940 per ounce in the past two weeks. As of July 28th, gold prices had fallen back to $1,929 per ounce. But it rebounded quickly on the 29th. Overall, gold price is still in a good upward trend, and has certain correction pressure after a continuous rise, which may lead to a falling gold.To get more news about https://www.wikifx.com, you can visit wikifx official website.
At the beginning of 2020, the trend of gold price had ups and downs mainly due to the unstable international political situation, public health emergency and oil war. In addition, a series of international factors, including the unresolved North Korea issue, uncertainty of the US-China trade negotiation, Brexit issues, Iranian Major General Sulejmani assassination, the COVID-19 pandemic, etc. cause continuous panic sentiment in market, which further boost the gold market.
Gold prices showed a rising trend apparently, when the pandemic totally broke out in the world this March. From a whole view, it has been increasing steadily even though there are some slight falls. The price started to mount from $1,638 in mid-March to $1,725 per ounce in mid-April. Till the mid-June, it had reached $1,638 per ounce. At the same time, the whole world fought against pandemic which somehow caused economic depression. Many industries were in a slump, and many companies even suffered bankruptcy. That's the main reason why gold prices rise sharply.
Furthermore, gold prices started to jump up obviously, and then dramatically increased from July 17. The chart in the recent two weeks also showed that gold prices soared from $1,810 to $1,980 per ounce. However, the fall on July 27 triggered mass panic as gold prices declined to $1,953 per ounce. It is normal for gold to fall slightly due to the correction pressure after a continuous increase.
At 0:00 on July 28, the price of gold hit a record high, up 27%, close to 1981 US dollars per ounce. At the same time, according to official statistics, Bitcoin also reached a record high, up 17%, rising to 10,900 US dollars. There are many reasons for the rise in gold prices, in addition to the failure of effectively controlling the coronavirus pandemic and the severe international political situation. Monday, the Republican Party of the United States launched a new round of $1 trillion rescue plan, further stimulating a surge in gold. And People vigorously purchased gold to maintain the value due to the continuous panic sentiment. According to the comprehensive analysis, the trend whether gold will continue to grow depends on the international environment. It is suggested that investors should be cautious about selling high and buying low. Pay close attention to the market trend and don't follow others blindly.
Markets Tell the Fed Its Finally Getting an Edge on Inflation
Traffic passes the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Aug. 18.To get more news about https://www.wikifx.com, you can visit wikifx official website.
The $20 trillion U.S. Treasury market is giving the Federal Reserve a thumbs-up for its efforts to revive inflation after the coronavirus pandemic threatened to inflict a damaging bout of deflation on the U.S. economy.
A surge in gold prices above $2,000 and ounce and a weakening dollar have also focused attention on the outlook for inflation. If investors are betting price increases will accelerate, the hope is that consumers and companies spend enough for that to happen, given inflation is still well below the Feds 2% target. That goal has never been reached on a sustained basis since it was adopted in 2012.
But Fed officials are more worried about the economy running out of steam than overheating. Theyre warning Congress about the dangers of spending too little, not splurging too much.
There are already signs that the pickup in inflation pricing wont continue to accelerate at the same pace, and that means the Fed is likely to keep monetary policy loose -- perhaps even looser than now -- for years to come in the belief it can adjust if inflation suddenly surges.
The market signals are "exactly what the Federal Open Market Committee should want to see at this juncture when inflation expectations are too low and policy space is limited,” Evercore ISI vice chairman Krishna Guha wrote in a note to clients.
Ten-year breakeven rates –- which combine the yields on standard and inflation-linked Treasuries into a measure of what bond markets expect consumer prices to do -- have jumped to about 1.69%, from as low as 0.47% in March.
Actual consumer prices rose 1% in July from a year ago, pushing core inflation to a four-month high of 1.6%. And consumer expectations for inflation in three years time increased to 2.73%, the most in more than a year.
"It is very premature to be concerned about a significant increase in inflation,” Rosengren told Bloomberg Television. He said its "critically important” for Congress to provide more fiscal support for the economy.
The White House and Democratic leaders are arguing over how much additional money is needed. Key parts of the government rescue effort, like extra unemployment benefits, have begun to expire –- a potential drag on demand, just as a resurgent virus sets back efforts to reopen the economy.
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Importance of Spotting Profitable Trends-Karen Foo
spotting a trend is easier said than done. But if you are able to spot
one and ride on it, you can potentially experience a lot of untold
benefits in your trading career.To get more news about https://www.wikifx.com, you can visit wikifx official website.
The art of trend following or trend spotting is something that is not new. Traders and investors have been doing it for years.
I have personally tried scalping, day trading, swing trading and position trading. I prefer long term trading any day.
1. It is a popular strategy among professional traders
What if you bought gold when it dropped during the 2008 financial crisis and then closed your eyes from that point onwards？ You would have made a handsome profit and return just from buying and holding.
One thing that is common among many retail traders is that they are very technical focused and they are more inclined to get into day trading.
While day trading may be profitable for a small group of traders, theres no harm to look at what the big boys are doing.Professional traders are mostly fundamentals focused and they make decisions based on leading economic indicators like surveys, housing starts & M2 money supply rather than lagging economic indicators like inflation rates & new home sales.
Unfortunately, retail traders are trading based on what the lagging economic indicators are telling them. That is why they lose big time.
Professional traders hold their trades for months to ride the trend. While this method may not be suitable for everyone, the big trends are where the big profits are made.
2. Less stress, less headaches
One of my favourite aspects about holding a trade for weeks and months is that it can free up time for me to do other things. Of course, I have to do the initial research before I put on the trade.
But once I‘ve put on a position, I don’t really have to stare at the charts all day, which is what a lot of beginner retail traders do.
With that said, Ive tried scalping and day trading when I first started out as a trader.
I find that I‘m mak ing more trades but yet my profits didn’t increase by a significant amount. In fact, my attempt to scalp led to losses. Maybe scalping just isnt for me.When I switched to longer term trading, I would make less trades but it actually makes me more profits as compared to scalping.
A lot of retail traders have this thinking that more trades would translate to more profits.
I used to think that way too until Ive learned it the hard way.
This is why I always say to people in my seminars, "It is better to make 100 pips from 1 trade than mak ing 100 pips from taking 100 trades”.
WOW Classic: Here Are the Stat Priorities for DPS Warriors
In WOW Classic, with regard to gearing and selecting enchants, you need to understand the stat priority. Stat priority refers to the concept that certain stat are more important than others. The stat priority of each category is different because of their different capabilities and attack ranges. In terms of stat priority, Warriors, especially the double-wielding angry fighters, are of greater importance because they must continue to meet statistical requirements in order to continue to cause damage.To get more news about buy wow gold classic, you can visit lootwowgold official website.
Following are the stat priorities for DPS warriors:
Hit Cap to 8% – The most important thing is to increase the hit rate to at least 8%. If you are dual wielding, the hit cap is actually 27%, but it is almost impossible to reach that value, especially when you have just reached level 60. With this in mind, your special abilities (think of things like bloodthirsty and whirlwind) require only 8% hit rate. This does mean that as a double-wielding fury warrior, you will miss automatic attacks, but all special abilities that consume fury will be hit.
Critical Strike – After reaching the 8% soft hit limit, you will want to stack as many critical hits as possible! Critical strikes are helpful to any class, but soldiers especially benefit from the talents that make thugs even more important. 2 points in Impale will increase critical strike damage by 20%, while 5 points in Flurry will give you a 30% attack speed bonus on the next 3 swings after the actual critical strike.
Strength/Attack Power – In addition to crit, you need strength and attack power to increase your hits. You will find that almost all plate gears are strong, but some parts are also intellect. Make sure to prioritize providing higher-strength equipment so that all your abilities do more damage.
Agility – Agility does not directly damage you, but it can increase the overall critical strike rating. It's not as influential as the actual severe strike rating, but it will increase slightly, which means you can benefit from agile gear. This is particularly useful because many parts with strength also have agility.
Are You Looking for the Best Recipes in WoW Classic
sometimes also referred to as a blueprint in WoW Classic, refers to an
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WoW Classic is not just about fighting monsters: they're about cooking and classic gold! These are the best recipes in the game. Whether you're improving your fishing skills or completing an epic quest chain, you're very happy to know that hot dishes are still waiting. These are our five favorites, and all of the recipes below are part of your cooking skills, so they do not include special task recipes that you can't repeat, such as Calmette surprises.
After a day of hard exploration, I was exhausted and had almost no mana? Sit back and relax with a cup of Goldthorn Tea. Mages can create food and water on their own, but other magic users such as Warlocks and Shamans do not have these abilities.
One of their options is the recipe for this special herbal tea. Of all the recipes available to players, this is the only recipe that restores mana. Herbal experts can pick this medium-level herb in the wild, while others can easily find it at auction houses.
Dirge's Kickin' Chimaerok Chops
Of course, the only purple recipe in the game must be on this list. This is one of the easier links to complete as part of the epic "Sceptre of the Shifting Sands" quest chain. Unlike other tasks that require mats to complete without causing the player to finally get the recipe, this time you do.
Even if the title is that magical color, the seal itself is not completely epic, it can provide a lot of health recovery and +25 stamina, but it only lasts 15 minutes. The real adventure is to complete this infamous task chain.
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China's wine dumping allegations leave the industry gobsmacked
Australian winemakers are adamant that their product has not been sold on the cheap in China but say they are willing to cooperate fully with the 18-month anti-dumping probe.To get more news about china industry research, you can visit acem.sjtu.edu.cn official website.
The investigation by the Chinese Government will examine claims from China's own winemakers that Australian exporters have been selling wine in that market for less than it cost to produce, and that Australian winemakers are subsidised.
Sales of Chinese produced wine accounted for 75 per cent of market share in 2015, but that had dropped to just 50 per cent last year.
At the same time exports of Australian wine to China grew from $268 million in 2015/16 to $1.75 billion by 2018/19.
Kandy Xu and her husband Huigao Xu fell in love with Australian wine more than a decade ago, and are making their own under the Kensington Wine label with grapes they grow in northern Victoria's Goulburn Valley.
The majority of their wine is exported to China, where Australian wine is the most popular overseas drop.
"I have not received any subsidy from the Australian Government," Ms Xu told the ABC."The reason for saying this is because the data shows that the average price of wine exported from Australia to China has gradually increased in the past 10 years."
China is the largest export market for Australia's wines, with market share growing nearly exponentially as more Chinese drinkers fall in love with Australia's big, bold style of red wines.
Thomas Tang left the medical profession and started importing Australian wines into China in 2002.
Tang plans to make Australian wines a focal point of his latest
business venture, which will feature bars and live online streaming
sales.(Supplied: Dr Thomas Tang)
"In the past, the Chinese market was dominated by middle and low-end wines, but now the price and quality of Australian wines sold in China are improving," he said."I have not seen any Australian wine being dumped into China."
His small wine bar in Guangzhou fell victim to China's coronavirus restrictions, but he is currently working on a major development, Music Park, on the outskirts of the busy tier-one city."The precinct includes live music entertainment, nightclubs, bars and live online streaming sales," Dr Tang said.
China’s Recovery Continues But Wary Consumers Show Vulnerability
China’s economy continued to inch out of the coronavirus slump in May, though a reliance on industry amid sluggish consumer demand underlines the fragility of the recovery as further infections appear.To get more news about chinese industry and management practice, you can visit acem.sjtu.edu.cn official website.
output rose 4.4% from a year earlier, versus a median estimate of a
5.0% expansion. Retail sales fell 2.8%, compared to a projected 2.3%
drop. Fixed-asset investment declined 6.3% in the first five months,
versus a forecast 6% drop. The surveyed urban jobless rate fell to 5.9%
from 6% the previous month.
A jump in cases in Beijing over the weekend has raised fears of a resurgence of the pandemic in China, threatening to blunt recent government efforts to revive the economy. Beijing has shuttered the city’s largest fruit and vegetable supply center and locked down nearby housing districts after nearly 100 people associated with the wholesale market tested positive for the coronavirus.
The Monday data showed the gradual recovery in
China’s economy was still mainly driven by the supply side thanks to
continued policy stimulus, while demand remains weak. Industrial
production has rebounded from a contraction in February, while private
consumption is still shrinking and investment hasn’t recovered.
"The recovery is on the track while mixed performance can be observed everywhere -- manufacturing still better than services, cars better than catering,” said Zhou Hao, an economist at Commerzbank AG in Singapore. "However, the virus concerns will cloud the economic outlook.”
While highlighting the moderate improvements in May and reiterating the pledge to strive to achieve the full-year economic and social development goals, the statistics bureau also acknowledged downside risks.
"The overseas epidemic situation and the world economic situation have become more severe and complicated, and the stable operation of the domestic economy still faces many risks and challenges,” the bureau said in a separate statement.
With the rest of the world in recession, exports dropping and China’s relations with the U.S. continuing to worsen, a rebound relies to a large extent on domestic consumption.
"It’s quite clear that production has recovered pretty nicely, but the consumption, as well as investment actually are lagging behind,” Shen Jianguang, chief economist at leading online retailer JD.com Inc., said on Bloomberg television after the data. "So it’s the lack of demand that’s the main problem of the Chinese economy right now.”
Output in the consumer goods sector shrank 0.6%, compared with the 0.7% increase last month, the statistics bureau said, while export orders were "insufficient.” The value of delivered exports shrank 1.4%, and dropped more than 10% in some important sectors.The People’s Bank of China supplied banks with 200 billion yuan ($28 billion) in fresh liquidity Monday while letting some previous loans expire, leaving the financial system needing further injections if a looming cash crunch is to be avoided. Economists say the chance for a reserve ratio cut in the near-term is increasing after the move.
Seton Hall University’s China MBA Program Alumni
Chinese students and alumni from the Stillman School of Business China MBA Program came together to donate personal protective equipment (PPE) to first responders, nursing homes and other health care facilities in Essex County. Through their collective efforts, the group raised a total of 489,384 Ren Min Bi (RMB) or approximately $69,122 to use towards essential items.To get more news about top mba colleges in China, you can visit acem.sjtu.edu.cn official website.
After the coronavirus started to spread in the United States, Jason Yin, professor and chair in the Department of Management, who oversees the China MBA Program, wanted to organize a donation drive among alumni and students in China. He collaborated with Dr. Longguang Shi, non-executive director of Viagold Capital, which provides international educational services, to find a China-based manufacturer that could produce protective equipment with any funds collected.
The drive received an overwhelming response from Stillman students and alumni in China. Many members of the community personally reached out to ask how they could contribute. One student wrote, "Coronavirus is the common enemy of all of humankind. It is not confined by borders. We have to unite and fight back the same way."
"All the MBA students and alumni felt the pain of their alma mater in the pandemic disaster and expressed their strong desire to help," said Yin. "They see this as a small token in return for the Seton Hall education they received."
Yin also said that Shi felt inspired to join the relief effort after connecting with so many Seton Hall students and faculty in China. He donated $14,000 on behalf of his firm.
Based on the considerable size of the donation, members of University Advancement, who helped coordinate the delivery on the New Jersey end, chose to distribute the supplies through the Essex County Sheriff's Office. The office serves as the local Federal Emergency Management Agency (FEMA) distribution center. The equipment will be accessible to frontline workers in over 20 municipalities throughout the County.
"Our public sector-private sector partnership with these generous and civic-minded institutions has resulted in our acquisition of vital equipment, which will be distributed to Essex County first responders who are now on the dangerous frontline in mitigating the potentially deadly impact of coronavirus on a daily basis," stated Armando Fontoura, Essex County Sheriff. "Seton Hall University and Viagold have proved their magnanimity, unselfishness and community spirit in helping us save the lives of our neighbors."
"We are pleased that our partners at Viagold and our alumni from China have chosen to help the Seton Hall community in such a meaningful way," added Sheila Wolfinger, University associate vice president for development. "Many of the frontline health care workers and first responders in Essex County are Seton Hall students, alumni, friends and parents, and this donation will directly impact their health and safety."
U.S. considers blacklisting China’s largest chipmaker
The Trump administration is considering imposing export restrictions on Semiconductor Manufacturing International Corporation, China’s largest manufacturer of semiconductors, according to a Defense Department spokesperson. To get more China breaking news, you can visit shine news official website.
The Department of Defense is in discussions over whether SMIC should be added to the Commerce Department’s entity list, which essentially restricts those companies from receiving specific goods made in the United States. The U.S. entity list now includes more than 300 China-based companies.
"DoD is currently working with the interagency in assessing available information to determine if SMIC’s actions warrant adding them to the Department of Commerce’s Entity List,” a Defense Department spokesperson said. "Such an action would ensure that all exports to SMIC would undergo a more comprehensive review.”
The potential move by the administration, which was first reported by Reuters, is part of a continued effort to put pressure on China’s technology firms and would mark a major escalation in the tech battle between Washington and Beijing. U.S. officials have long complained that Chinese tech firms are beholden to the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army. The Chinese Communist Party has previously said that it does not engage in industrial espionage.
A report last month by SOS International, a Virginia-based defense contractor, claimed SMIC had ties to China’s defense sector, according to people who spoke to The Wall Street Journal. SOS also said Chinese military researchers have disclosed in research papers that they use SMIC technology to manufacture chips, The Wall Street Journal reported.
In a statement Saturday, SMIC said it was "in complete shock and perplexity to the news” and that it "provides services solely for civilian and commercial end-users and end-uses.”
"We have no relationship with the Chinese military,” SMIC wrote, adding "Any assumptions of the Company’s ties with the Chinese military are untrue statements and false accusations.”
"SMIC is open to sincere and transparent communication with the U.S. Government agencies in hope of resolving potential misunderstandings,” the firm wrote.
SMIC is viewed as a key player in China’s effort to boost its domestic semiconductor industry, an ambition that was accelerated by the U.S.-China trade war. Imposing export controls on SMIC would impact U.S. companies that sell chip-making technology to China manufacturers.
U.S. officials recently announced it will further tighten restrictions on China’s Huawei Technologies in order to crack down on the telecommunication company’s access to commercially available chips.
The restrictions prevent Huawei from obtaining semiconductors without a special license. SMIC is one of Huawei’s manufacturers.
As tensions grow worse between the U.S. and China, U.S. officials are pushing other governments around the world to place restrictions on Huawei, arguing that the company will give data to the Chinese government for spying. Huawei has denied that it spies for China.
More imported cases of COVID-19 in Shanghai trigger new circuit break concerns
Shanghai on Friday reported 16 new imported cases of COVID-19, triggering concerns of a new round of "circuit breakers" concerning inbound international flights. Although the city has now reported new imported cases of COVID-19 for 11 consecutive days, Shanghai health commission claimed that the city has the ability to handle the current imported cases and the public needn't panic. To get more shanghai coronavirus cases, you can visit shine news official website.
The 16 imported cases are from Russia, the Philippines, the UAE, Zambia and the Cote d'Ivoire. The confirmed cases were receiving treatment in designated hospitals and their 253 close contacts have since been put under quarantine, the Shanghai Health Commission said in its daily bulletin on Friday.
Shanghai faces a heavy task to prevent the virus as data from information provider VariFlight showed that from August 1 to 11 the inbound international passenger flights (excluding Hong Kong, Macao and Taiwan) at Shanghai Pudong International Airport accounted for 24.92 percent of all flights to China.
An official from the Shanghai health commission told the Global Times that, "Shanghai is capable of handling the current imported cases based on experience gathered previously, and the public doesn't need to panic, as Shanghai has mature closed-loop management requirements for all inbound passengers."
The official added that currently one focus is on the overseas nucleic acid test procedure and the other is on the implementation of the flight circuit breaker mechanism.Prevention and control of the imported cases of COVID-19 has become a challenge in China as the country has mostly controlled the epidemic domestically. The Civil Aviation Administration of China (CAAC) announced award and punishment measures to inbound flights for airlines based on the number of imported cases in a certain period.
If all passengers on one airline route test negative for three consecutive weeks, the airline will be permitted to add one more flight. If five passengers on a flight test positive, the responsible airline will have to halt operations for a week, and if 10 test positive it must suspend operations for four weeks.
The CAAC triggered three "circuit breakers" in one day on August 12 as passengers returned positive test results for COVID-19 on Etihad Airways flight EY862, China Eastern flight MU212 and Sri Lankan Airlines flight UL866. The flights will be suspended service for one week or two.
Following the resumption of overseas flights in June, more international carriers such as Air France, Air New Zealand and Delta Air Lines from European countries and the US are choosing Shanghai as their landing locations.
The Chinese mainland reported 30 new cases of the coronavirus on Thursday, of which 22 were imported, compared to 11 one day earlier, the country's health authority said on Friday. Of all 70 imported cases still hospitalized in Shanghai, 38 are from the UAE, 18 from the Philippines and two from Singapore.
The automobile sector is one among the many sectors, which has been severely hit due to the lockdown imposed because of the Covid-19 pandemic. Though, as soon as the lockdown was completely lifted in July, the car retailers recommenced operations with enhanced safety guidelines.To get more auto finance news, you can visit shine news official website.
Scores of people have lost their jobs due to the economic impact of the novel coronavirus. In general, people have gone into savings mode and are refraining themselves from the non-essential expenditure. However, according to the latest release from Experian (LON: EXPN), a global data analytics firm, there is a sigh of relief for the automobile sector as there is a huge rise in car finance applications for the month of July and August in comparison to previous months.
It seems that the battered sector is about to breathe a new lease of life. According to the data, there has been a considerable amount of surge in car finance applications. There is a section of the society whose income seems to be unaffected by the coronavirus crisis and who can afford to buy. Moreover, there are people who are uncomfortable using public transport as they want to avoid the risk of falling prey to the contagious virus.
The showrooms have reopened in June. Since then, car finance applications including both PCP (Personal Contract Purchase) and HP (Hire Purchase) agreements have risen considerably in contrast to the same period in 2019.
July witnessed a huge jump of 27.7 per cent in the number of car
finance applications in comparison to the 2019’s figures. In addition,
the first three weeks of August witnessed an increase of 18.6 per cent
in car finance applications due to the release of pent up demand. Also,
according to the UK’s largest credit check group, many people have
searched for ways to finance a car purchase in the coming weeks on its
online platform, which facilitates car finance deals.
The car manufacturing output for the UK had declined by more than 20 per cent in July, and close to 86,000 units were rolled off the production lines, as reported by the Society of Motor Manufacturers and Traders, which is the apex trade body.
Nearly all factories reopened with the ease in global lockdown measures, consequently, the month of July witnessed the rise in production levels as well. However, as per the Society of Motor Manufacturers and Traders (SMMT) data, it seems the shocks of the ongoing economic uncertainty coupled with the social distancing measures made its impact and the output remained low.
Production for the UK market witnessed a modest recovery in the month of July when compared to previous months of May and June, as a majority of the car showrooms of the country were able to open all over. Car exports declined, but the numbers were slightly less substantial -16.8 per cent to 72,262 units in July. The sector witnessed the demand for the latest cutting-edge models in the overseas market.
On the year to date scale, the coronavirus pandemic has severely dampened the UK market, demonstrating a loss of 307,707 cars (YoY), while the overall production turned lower by 39.7 per cent. In the year till July, overseas shipments suffered a sharp setback, declining by 38.5 per cent to 381,273 pieces.
September 01, 2020
Crash in USD: the Dollar Smile Turned into a Painful "Grin” DXY has slid as more as 10% since this March and the losses have deepened in recent weeks amid the second wave of the pandemic. The theoretical dollar smile has flattened, sending a painful "grin” to investors instead.To get more news aboutWikiFX, you can visit wikifx official website.
Capital Ltd., the U.S. currency tends to increase in value against other currencies when the U.S. economy is weak. It goes up at either end of the spectrum, just like the smile on your face. Actually, after hitting the high in March, the greenback continuously slumped to a two-year low in July. In this regard, it should have poised for a rally in theory.
But the assumption he made turned out to be wrong. The dollar has languished as rising infections and mortality from the pandemic sapped appetite for the currency as a haven. The dollar smile has flattened and turned into a painful "grin”.
According to Boris Schlossberg, managing director of FX strategy at BK Asset Management, the dollar has suffered from a very serious decline during the whole month of July. Interest rates are going down, and that makes the dollar much less attractive, but the market is starting to become aware of the political risk of the dollar. He thus made a bold prediction that the dollar was heading for a crash and the world gold standard system would rise again. All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX
Brokers’ News this Week ATFX opens office in Poland as part of EU Expansion. The new office will focus on IT development and SEO marketing.To get more news aboutWikiFX, you can visit wikifx official website.
CFTC data shows flat growth in retail FX deposits for June. Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients deposits.CySEC settles with Tradernet for €80,000 fine. The regulator has announced on Friday that it reached a settlement with Tradernet Limited for €80,000 for some unspecified violations. Off-shore Brokers Blocked CONSOB blocks access to 7 off-shore brokers . The regulator has, till now, flagged 268 trading platforms.
New Name OANDA announced this Tuesday that it has rebranded its currency data and analytics business, giving it the new name of Foreign Exchange Data Services. Velocity Trade is now regulated by the FSCA of South Africa and by the FMA of New Zealand. Third-party Payment VideForex no longer works with WebMoney, Skrill, and Neteller for deposits and withdrawals, while Windsor Broker added support for WebMoney deposits.
Registration Added World Forex ditched Liqpay payment system. Added registrations with Vanuatu Financial Services Commission and the FSC of the British Virgin Islands.
The Russian Regulator Institutes a short-term liquidity standard for brokers. From October 1, 2021, brokers will have to comply with the short-term liquidity ratio to keep a stock of highly liquid assets, which will allow them to continue operating in the face of significant cash outflows during the month.
How Is Future Strategy After Gold’s Sharp Rally? Gold prices broke the barrier of $2,000 per ounce for the first time last week but saw a pullback on Friday. What strategy is acceptable for investors in future tradings？To get more news aboutWikiFX, you can visit wikifx official website.
Although the theme of bullish gold is far from new, the aggression occurred last week indicates that purchases for gold remain strong even in the absence of direct and significant drivers. The dollars weakness can explain at least some of the market fluctuation in last week.
Such pullback may continue through early this week, but the bigger question is, what will happen once gold prices ease back around the support level？ In terms of two potential support zones, the nearest one is 1987.95-2009.10, which straddles the 2000 psychological level; while the other deeper one is 1920.94-1941.25.
Long-term strategies may face challenges in such background. According to the monthly chart, RSI is now at its most overbought state since 2008, approaching to the level registered ahead of the Financial Collapse. Therefore, it is not an area for traders to get comfortable, even gold prices have achieved a new all-time-high from the level of $2,000. All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX
5 Things All Traders and Investors Need to "Own” in 2020 1. The year 2020 It‘s gonna be the year that you will be proud of yourself as a trader and investor. It’s gonna be the year you look back and say "I survived”. Or it‘s gonna be the year that will break you and you’ll eventually give up on trading and investing.To get more news aboutWikiFX, you can visit wikifx official website.
Whichever version its gonna be, 2020 is definitely gonna be the year you remember. I‘ve seen traders make amazing profits and return so far this year from the financial market. And I’ve also seen traders blow it all off within just two months trying to trade and invest in the market. Let‘s face it, 2020 is definitely a unique year, let’s acknowledge it, and if you havent done so, OWN it too. 2020 is gonna be in your book of life (well, unless for some reason, you decided to cut it short, which I certainly hope not) so make the best use of it. Pick up the lessons taught, work on the areas that will strengthen you, grow out of this 2020, and be a stronger version of yourself. 2.Patience I get it. All of us want things fast. Who wouldnt？
Especially in todays context, we are wired to seek out instant gratification. We want to be able to trade and invest fast. We want to be able to profit from the market fast. We want to achieve our financial independence fast. And 2020 might be pulling you back. But how many times have rushing helped and benefited you？ Not many, if not none at all, I would believe.
"Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.” - Mother Teresa Heres my latest performance for 2020 (as of 27th June), a net 0.66% capital growth for the first half of the year.To be honest, I‘m getting a little impatient too. I was doing 43.04% gain last year and I wanted to up my game with a target of a 50% capital growth this year. But I’m nowhere near it. 2020 is just the year that whenever I buy, the price just goes down; and whenever I sell, the price just goes up.But I know there are things in the market that I have to always respect. And being patient is one of them. As a trader and investor, always remember, "When you have a tough year, it‘s gonna end; when you have a really good year, it’s gonna end.” - Ray Barros The question is that are you still gonna be in the market when the tough year ends or have you been knocked out entirely？
I‘m certainly not proud of my performance this year, but I take pride in managing my emotions and risk very well. And I’m proud of some of our traders in the community. I know some of them are killing it this month alone. Trading and investing is a marathon and never a sprint. So pace yourself well. And one of the key elements that is absolutely critical to your long term success, as mentioned by Marcus and Ray, is the discipline to manage your risk well.
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