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Market participants are at a focal point, at a three year upper descending line which has admirably acted as a resistance line channel and looking at the weekly close of last week trading session candle, the session closed as a red doji candle or to some others, they may say a red spinning top, but it may not matter as the charts tell it more clearly for the viewer, so meaning there is a indecision level holding up at that area and noticing that too, there was a bullish momentum move just to the close the last week trading session for the month of August but is the push up short-lived?To get more news about WikiFX, you can visit wikifx official website.

  Also, buyers have been hold steady for three straight months at price handle 0.67 acting as minor resistance line and inversely sellers have been hold steady for three straight months at price level 0.65 and the 50 MA acting as support confluence band.

Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.

  Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa
buzai232 Sep 17, 05:49AM
EUR/USD seems undecided after the US Non-Farm Payrolls data. It‘s traded at 1.1831 and I really believe that we’ll have a clear direction in two, three days. Technically, the bullish bias remains intact as long as the rate stays within the up channels body and above 1.18 psychological level.To get more news about WikiFX, you can visit wikifx official website.

  The Non-Farm Employment Change indicator was reported at 1371K, the Unemployment Rate dropped from 10.2% to 8.4% in August, while the Average Hourly Earnings rose by 0.4%, beating the 0.0% estimate.

  The USD was somehow expected to appreciate versus its rivals after the good economic figures. It remains to see how the USDX will react during the day, a further growth followed by the breakout of 93.24 could announce a broader upside movement and EUR/USD correction.

USDX tries to continue its rebound but is facing a tough resistance at the minor downtrend line, Falling Wedges resistance. Still, the index shows some positive signs after closing above the upside 50% Fibonacci line.

  Friday‘s false breakout with great separation above the minor downtrend line signals that the sellers are still in control. Only a jump and close above 93.24 Friday’s high will really confirm a short term reversal.

  You should be careful because another false breakout today followed by a drop below 92.55 static support will announce a deeper drop.
EUR/USD stays within the minor ascending channel, so it maintains its bullish outlook. The price has registered only two false breakdowns with great separation below 1.18 psychological level signaling strong bullish pressure around this downside obstacle.

  Yet, the pair could still come back to pressure the 1.18 level, that‘s why I’ve said that the next days could be crucial. A valid breakdown from the up channel and below 1.18 could suggest selling, while another bullish momentum followed by a valid breakout above the second warning line (WL2) will bring a long opportunity.

  A bearish reversal will be confirmed by a drop and close below 1.17 psychological level. Stochastic and RSI show a bearish divergence on the Daily chart but we need another lower low, drop below 1.1781 Fridays low to confirm a further drop in the short term.

  The 250% Fibonacci line represents strong dynamic support. Today, the greenback could take the lead again as the German Industrial Production indicator has increased only by 1.2% in July, less versus 4.5% estimate.
buzai232 Sep 17, 05:41AM
Relationship Between Abe and Japanese Yen

Shinzo Abe, the longest-serving Japanese Prime Minister in history, has suddenly resigned on August 28, citing health reasons. He will remain in his post until a successor is chosen. Mr Abe said he would still participate in the parliamentary vote and would not completely withdraw from politics.To get more news about WikiFX, you can visit wikifx official website.

  On September 26, 2012, Shinzo Abe was elected as the president of the Liberal Democratic Party and won the general election later on December 26 in the year. After he became the president, the Japanese yen shrank from the peak of 77.13, while after he became the Prime Minister, the country‘s currency kept slipping till June, 2015 and bottomed at 125.86. The reason is the well-known 'Abenomics', which aimed to stimulate Japan’s exports and prevent the worsening deflation by exerting a big depreciation in the value of the currency.

  Japan‘s economy once recovered because of the Abenomics, and investors even regained confidence amid the successful Olympic bid. However, no one has ever expected that the outbreak of COVID-19 would completely destroyed the Abenomics and made Abe drained and resign from his post. After Abe announced his resignation, forex traders bought the yen aggressively as no one could anticipated who’s his successor and whether the following policy would be in line with Abes.

  On the other hand, Japan‘s stock markets went into a tailspin on the news of August 28. With the unwinding of carry trade and the rising risk aversion, the yen appeared to be strong and popular again. Under the Japan’s uncertain political situation coupled with the continued weakness of the U.S. dollar, the yen has the opportunity to maintain its strength in the short term and challenge the two major resistance levels of 104.19 and 101.48.
buzai232 Sep 17, 05:31AM
Asian shares notched a 29-month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China's service sector augured well for continued recovery there.To get more news about WikiFX, you can visit wikifx official website.

  MSCI's broadest index of Asia-Pacific shares outside Japan MIAPJ0000PUS rose 0.5% to reach its highest since March 2018, extending a 2.8% gain last week.

  Chinese blue chips CSI300 firmed 0.7% to reach levels not seen since mid-2015. Surveys showed Chinese manufacturing activity edged back a tick to 51.0 in July, but services jumping a full point to 55.2 in a hopeful sign of reviving consumer demand. futures for the S&P 500 ESc1 climbed another 0.5%, while EUROSTOXX 50 futures STXEc1 added 1%.

  Tokyo's Nikkei N225 rallied 1.9% aided by news Warren Buffett's Berkshire Hathaway (NYSE: BRKa ) BRKa.N had bought more than 5% stakes in each of the five leading Japanese trading companies. Nikkei had dipped on Friday after Prime Minister Shinzo Abe's resignation stirred doubts about future fiscal and monetary stimulus policies.

  Those concerns were eased somewhat by news Chief Cabinet Secretary Yoshihide Suga, and a close ally of Abe, would join the race to succeed his boss. A slimmed-down leadership contest is likely around Sept. 13 to 15. was now on a host of Federal Reserve officials that are set to speak this week, kicking off with Vice Chair Richard Clarida later Monday as they put more flesh on the bank's new policy framework.
buzai232 Sep 17, 05:19AM
The global 3D rendering services market is projected to garner a CAGR of 22.21% during the forecast period, 2020-2028. The attributed market growth factors are the increasing demand for real-time rendering and swifter decision-making capabilities, the growing adoption of 3D rendering services, and the rising need for real-time visualization in planning and designing.To get more news about design rendering services, you can visit official website.

3D rendering is a two-dimensional representation of the 3D wireframe model and has grown considerably due to the growing applications across several industries. It is also used in the construction industry, where a 3D model of architecture or an interior design plan is provided to the consumers. The 3D rendering services are rapidly gaining traction as a result of several benefits like cost-effective pricing, superior quality, availability of software & infrastructure, etc. In recent years, 3D rendering has become one of the essential tools for designers. The digital advancement in the construction sector has resulted in increased adoption of 3D rendering services. 3D interior visualizations aid the designers in providing essential presentations to their clients.
The 3D rendering market also entails significant demand for customized solutions.Thus, vendors are offering more innovative solutions to help companies further reinforce their positions in the overall market.
However, the lack of skilled professionals and a general lack of knowledge is hindering the growth of the market.The latest trend of cloud deployment and services is evaluated to be beneficial for the market growth.
The geographical segmentation of the global 3D rendering services market includes the market analysis of Europe, North America, Asia Pacific, and the rest of the world. As of 2019, the North American market region dominates the market with a revenue share of 37.47%. The revenue share aspect of the market region is credited to the flourishing construction sector and the rising utilization of 3D rendering services for marketing activities in the construction sector.
Some of the renowned companies operating in the market are Adobe Inc, Autodesk Inc, Flatworld Solutions Pvt Ltd, Corel Corporation, 3D Animation Services, etc.
buzai232 Sep 17, 04:59AM
State Auto Financial Corporation (NASDAQ:STFC) will discuss its second quarter 2020 results in a conference call on Thursday, Aug. 6, 2020, at 11 a.m. ET. The company plans to release its results on Aug. 6, 2020, before the open of regular trading on the Nasdaq Stock Market. To get more auto finance news, you can visit shine news official website.

State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company. STFC stock is traded on the NASDAQ Global Select Market, which represents the top fourth of all NASDAQ listed companies.

The insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group. The State Auto Group markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation
buzai232 Sep 17, 04:50AM
China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the factory sector’s recovery struggled to pick up pace.Asian markets pulled back on Friday following the disappointing set of economic indicators, which raised concerns about the fragility of China’s emergence from coronavirus.To get more latest china economy news, you can visit shine news official website.

China’s recovery had been gaining momentum after the pandemic paralysed huge swathes of the economy as pent-up demand, government stimulus and surprisingly resilient exports revived activity.

However, July data from the National Bureau of Statistics on Friday showed weaker-than-expected year-on-year industrial output growth and retail sales extending declines into a seventh straight month. That was slightly offset by firmer property investment, which showed recent stimulus was supporting construction.

Some analysts attributed the loss of momentum in the economy to the torrential rains that have flooded Southern China since June and several fresh COVID-19 outbreaks that led to partial lockdowns.

“Although there could be a modest rebound in some investment activities if the floods subside in coming months, we expect sequential recovery momentum to get weaker in H2,” Nomura analysts said in a note, citing factors such as receding pent-up demand, diminished chances of more policy easing and rising U.S.-China tensions.

Industrial output grew 4.8% in July from a year earlier, in line with June’s growth but less than a forecast 5.1% rise.

Retail sales dropped 1.1% on year, missing predictions for a 0.1% rise and following June’s 1.8% fall.The decline in retail sales was broad based with garments, cosmetics, home appliances and furniture all worsening from June.A key exception was auto sales, which surged 12.3%, turning around from a 8.2% fall in June.

“Despite narrowing declines in investment, consumption remained weak, highlighting the lasting economic shock from the coronavirus pandemic,” said Zhang Yi, chief economist at Zhonghai Shengrong Capital Management.

“Given we are likely to see a resurgence of COVID in the autumn and winter, it is not recommended that monetary policy be tightened too prematurely and fiscal policy stay insufficient.”
buzai232 Sep 17, 04:43AM
China has emerged as a global economic superpower in recent decades. It is not only the world’s second largest economy and the largest exporter by value, but it has also been investing in overseas infrastructure and development at a rapid clip as part of its Belt and Road Initiative. A new Pew Research Center survey finds that, particularly in emerging markets, publics largely have a positive view of China’s economic stature. People generally see China’s growing economy as a good thing for their country and believe China is having a predominantly positive influence on their country’s economic affairs.To get more China economy news, you can visit shine news official website.
But, even while China’s rise is largely perceived as positive in emerging economies, there are pockets of discontent. First, even in the nations that welcome China’s economic growth, few feel similarly about its growing military might. Rather, most tend to view China’s growing military as something bad for their own countries. Second, China’s neighbors generally take a much more negative stance toward China’s military and economic growth than other countries surveyed. For example, in the Asia-Pacific region, more tend to see investment from China as a potential liability, giving Beijing too much influence over their economies. These same countries are also more likely than others to see U.S. economic influence in their country positively. And, when it comes to developed countries, views of China are much more mixed to negative. Generally, countries with stronger human rights records and lower levels of corruption tend to be much less keen on China.

When it comes to comparisons with the United States, generally speaking, China’s economic influence is seen in similar or even slightly more positive terms. Most publics are about equally sanguine about the state of their country’s bilateral economic relations with China and the U.S. Majorities in most nations also say both the U.S. and China have a great deal or a fair amount of influence on their country’s economic conditions. But, when rating that influence, more people say China’s is positive than say the same of the U.S.

Throughout this report, there are times when we will report 34-country medians and times when we will report 16-, 17- or 18-country medians. This year’s annual survey focused heavily on European public opinion three decades after the fall of communism. Because European respondents were already being asked so many region-specific questions, we did not ask them the entire suite of questions about China and the global balance of power that were asked in other regions.

Throughout the report, data is reported for all countries where the question was asked, so any differences in the number of countries presented in a given section stems from some publics not being asked certain questions.
More still name the U.S. as the foremost economic power than say the same of China. For example, across every country surveyed in Latin America and sub-Saharan Africa, as well as many in the Asia-Pacific, people name the U.S. as the top economy. In the U.S., by a 50%-32% margin, Americans name their own country as the leading economic power, though there are stark partisan differences in these evaluations, with Republicans and Republican-leaning independents being more likely to name the U.S. than Democrats.
buzai232 Sep 16, 09:05PM

EUR/USD has repeatedly fallen back from the 1.1900 area, after trying to rally to higher levels. But, the pair hasn't given back much on a quarterly basis, even after the recent sharp pullback in the US dollar - after FOMC minutes triggered more concerns about the US job-growth and a less dovish policy than many traders anticipated.To get more news about, you can visit wikifx official website.
  When we look at the EUR/USD from a multi-decade perspective, the pair has much upside potential above the 1.1600 area - a key resistance formed by the line joining yearly highs in 2008 and 2014, as well as touching 2018 highs.

Also, Bloomberg report suggests the hedge funds and institutional buyers are adding to their long bets anticipating a move beyond 1.19 to 1.2500 - 2018 high.
  Helping the strength in the EUR/USD will be the hedging requirements from dollar investors who sense more trouble ahead after the latest US job claim numbers, which unexpectedly edged up above a million. The weak data has checked the US dollar bounce post the FOMC disappointment for pro-risk currencies.
The dollar has declined in value since the Fed started its expansionary approach to revive a coronavirus-stricken economy.
  Less favorable jobless claims and worries about business confidence means the central bank has to spend more to revive the economy. Such a dovish approach is fundamentally a bearish act for the dollar - as the funding for the stimulus is by selling more and more Treasury notes and bonds, affecting their yield and the greenback.
  Strengthening of the euro at the expense of the US dollar might also reshuffle the pecking order in the world currency market, which considered the dollar as a safe-haven along with Japanese Yen and Swiss Franc.
  · ECB Intervention
  If the euro attracts more fund flows away from the dollar, ECB might have difficulty in meeting its inflation target. Chances of ECB intervention means traders might consider a move beyond 2008 high to be of less probability.
  The ECB July meeting minutes are in favor of the EUR/USD bullish sentiments as 1.35 trillion-euro quantitative easing program has less support for its full utilization; this suggests ECB actions will have less euro value dilution in the near future.If we look at the other side of the story, bears will point out the continuous fall of the pair for the last two decades as a strong reason to be not optimistic on the euro. The 2008 high of 1.5950 seems far away from the pair's current price level. The highest EUR/USD price in 2008 starts a resistance line passing through 1.3800 in 2014 September and January 2018 level of 1.2500. This declining price trend is bearish, and the recent months' strength wouldn't deter a long-term EUR/USD bear.
  Also, even though institutions are bullish on the euro; the Japanese yen and the Swiss franc are enjoying much higher demand as a dollar hedge according to Bloomberg data.

buzai232 Sep 10, 11:26AM
Relationship Between the U.S. Presidential Election and Oil Prices With COVID-19 still raging the whole world, fatal negatives have thrust global aviation and tourism on the edge of a precipice, but lose strengths in the face of international oil prices which keep climbing against the trend of economics. Oil prices are free of punishment for several reasons, for example, the weak greenback, the bullish U.S. stock markets, the sharp cuts in production of oil-producing nations, and the hype from time to time that vaccine is coming to market.To get more news about, you can visit wikifx official website.   Although the U.S. and China have delayed the trade talks initially set on August 15, the immediate news that China will massively purchase crude oil from the U.S. may explains, to some degree, why oil prices has not edged down recently. It is reported that China has planned to import at least 20 million barrels of U.S. crude for August and September. The record-high amount boosts the oil markets, pushing WTI towards the highest level of $48.65 since March. Ive shared my opinion about this U.S. presidential election in an investment speech: Oil prices may be punished once the Democratic Party is again in government. This is because firstly this Party tends to achieve economic development by low oil prices; secondly, high oil prices will benefit Russia's economy but the relation between the Party and Russia had always been poor. One of the historic slumps in oil happened when Democrat Obama announced sanctions against Russia in 2014, with the prices tumbling to $26 from the high level of $107.56.   The Democratic Party will probably rejoin to the Iran nuclear agreement once return to power, greatly easing the geopolitical tension in the Middle East. To this end, I suppose that the triumph of the Democratic candidate Bidden will trigger significant correction in oil prices.
buzai232 Sep 10, 11:22AM
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