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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 about WikiFX, 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.UserPostedImage
  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.

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.UserPostedImage
  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).


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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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.

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.Michael%20Jordan%2013%20RetroJame%20White%20Black%20Blue.jpg
  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.


Sales of the Pennsylvania Lottery's traditional products are down as the coronavirus pandemic continues, lottery spokeswoman Ewa Dworakowski said.As of Tuesday, she said preliminary data showed sales from scratch-offs and draw games are down roughly 25% since COVID-19 mitigation measures began.Get more news about 彩票包网,you can vist loto98.com

"This is due in part to the fact that roughly 30% of the lottery's network of approximately 9,800 retailers are closed," Dworakowski said. Since many essential businesses that remain open such as grocery stores, gas stations and pharmacies are lottery retailers, however, she said that helps to continue to generate funds for programs that benefit older Pennsylvanians.These programs include property tax and rent rebates, prescription assistance, Meals on Wheels and other critical services. Dworakowski said the Pennsylvania Lottery's online play is up about 30% since prior weeks, she said.

That doesn't include Powerball or Mega Millions sales online, which are reported separately. She said the online sales of those games made up about 6% of the lottery's overall Powerball and Mega Millions sales. Yet, traditional products remain the foundation of the lottery's business, Dworakowski said. Nearly 70% of business comes from scratch-off sales, she said. "While we are happy to see that growth online, a majority of our sales still comes from our traditional games and it's important to note that the increase in online sales is not enough to offset the sales the lottery has lost on the traditional side of the business," Dworakowski said.

The Pennsylvania Lottery's offices are now closed amid the COVID-19 pandemic and a majority of the lottery's staff is working remotely, she said. Claims are still being processed and players can still receive their prize checks, however. Dworakowski encouraged players to sign their winning tickets, make a copy of them for their records and mail them to Pennsylvania Lottery, Attn: Claims, 1200 Fulling Mill Road, Suite 1, Middletown, PA 17057 to be processed. If players choose to wait until offices reopen to claim their prizes, she encouraged them to be mindful of the ticket expiration dates.


Recently, the broker OctaFX has become the target of frustrated investors. Many of them reported the broker to WikiFX after suffering varying degrees of losses due to OctaFX’s manipulations. WikiFX recorded one of the victim’s experience of being scammed to remind other investors to avoid choosing this broker.To get more news about WikiFX, you can visit wikifx news official website.

  Event recap

  The complainant noticed the irregularities of OctaFXs platform on April 14th. When he woke up in the morning to check the trading results, he found that the platform did not execute his limit order at all when the market situation had been obviously in his favor. He immediately sent an email to the platform about the matter and reset the price of the limit order, but the platform did not responded.

  Later, he traded EUR/USD and GBP/USD on the platform, but the market was rising. The investor continued to send emails to the platform, hoping that the platform would execute his orders at the limit level he set, so he could keep all his positions, but again the email was not answered.
The complainant then tried to contact the online customer service of the platform for several times, and each time they offered a different expected waiting period for complainant’s request, ranging from 1-3 days to 10 working days. The complainant sent dozens of emails within four working days, but none of them was answered.

  In addition to this complainant, several investors also reported varying degrees of losses due to irregularities of OctaFX’s platform.  According to WikiFX App, OctaFX is currently in valid regulation holding MM license issued by ASIC. However, despite a 7.0 rating on WikiFX App, OctaFX has been frequently complained by customer recently, and investors should be very careful in choosing this broker.WikiFX has recently received several exposure cases against OctaFX. If you have a similar experience with the broker, you can expose the broker to WikiFX and seek assistance for recovering the funds and defending your rights. It’s also recommended to withdraw your trading account balance in time to avoid further losses.

  To date, WikiFX App has included more than 17,000 brokers profiles, while offering comprehensive features including Forums, Wiki Fair, and Exposure. Stay tuned for more exciting contents.

In order to better protect investors’ assets during the epidemic, WikiFX continues our on-spot survey to bring you the most reliable reports about global brokers. Recently, upon investors’ requests, WikiFX visited the forex broker BOGO in Cyprus.To get more news about WikiFX, you can visit wikifx news official website.
  Following the regulatory address and navigation, we arrived at Limassol, the second largest city in Cyprus. There, we found the office building Yiota Court at 134 Archiepiskopou Makariou Street. The office environment here looked very nice, with clear signs outside and inside the building. After entering the building, we quickly found the office of BOGO by following the directory sign. We rang the door bell and waited for a while at the BOGO reception desk, before a representative of the marketing department came to greet us. After we explained our intentions, this gentleman showed us around the office. The office was relatively spacious, with about seven or eight people working inside.
  Through the visit, we conclude that the office location of BOGO in Cyprus truly exists and that the broker is normally in business. Per checking WikiFX App, the broker’s score reached 6.54, while its CySEC MM license is under normal regulation. In addition, BOGO’s new brand FXJET is also subject to CySEC supervision, with a score of 6.51 on the WikiFX App.
  So far, WikiFX App has included profiles of more than 17,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions. The App is highly popular among professional investors. Click here to download. bit.ly/wikifx

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