User blogs
Since start of the trading session month of September, market
participants have been toying, testing the low level of the previous
monthly trading session which is the month of August. And even at one
point nearly breached to pass past that low level but seems buyers held
fort and rallied the price up with a huge momentum to this month trading
session open price level.To get more news about WikiFX, you can visit wikifx official website.
It seems the general sentiments of the market indicates this pair is
quite overbought as you keenly look at larger context of structure with
lower highs as seen on hour 4 chart but not a text book perfect
formation
As of the start of this week trading session there has
been a strong red momentum candle break and therefore what we had
anticipated as the low price level for the trading month of august
providing and proving a strong support level as it actually having been
tested three times has now been breached past and we are looking to ride
the sell rally.
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
Looking at the 3 day chart, you can see a really strong sell momentum breakout past the lower channel line and we are anticipating the market participants are looking at the moving averages as not only confluence of both dynamic support zone and potential order level areas but also as median band.
Also, to note or be keen on is that at the price handle level 74.2 is where the sell-off rally started during early of this year and if price reaches this level, we could have a scenario potential sell-off rally as it may portend sellers and their order level pendulum again the trend to their favor.
Of course, ones discretion and risk management is advised.
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.
The Aussie underperformed against the majority of the leading
currencies during Monday's trading session. The AUD/USD dropped lower
from 0.7235 to 0.7205, down by 0.4%, after the Reserve Bank of
Australia's (RBA) deputy governor Guy Debelle commented that a weaker
Aussie might be good for the Australian economy.To get more news about WikiFX, you can visit wikifx official website.
Debelle mentioned that the board is currently watching the
developments in the forex market. Although an intervention might not be
effective, a lower AUD exchange rate might be beneficial to the
Australian economy, he added. The crash in the AUD/USD pair in recent
weeks comes after the pair had rallied by over 1,700 pips over the past
six months.
The Aussie might continue to underperform against the
Greenback after the US Dollar went higher across board on Monday as the
number of Coronavirus cases increase in Europe and Australia. If the
risk-aversion continues, then the AUD/USD pair will likely drop lower
during the day.
At the moment, AUD/USD is trading below the 20-day moving average and
could close the day below the 20-day moving average of 0.7196. A
breakdown of this critical technical barrier will increase the
possibility of changing the medium-term trend of the pair from bullish
to bearish.
Analysts and market participants will be eagerly awaiting the
commentary from Fed Chair Powell due later this week as it might slow
down the Greenback with talks of more monetary intervention from the
Fed. If that happens, then the Aussie might get a breather, and the
AUD/USD pair might perform better. However, if the upcoming release of
global PMI data disappoints, then traders would reignite risk-aversion,
and that could see the AUD/USD plunge lower.
The AUD recorded
losses against other leading currencies. The AUD/JPY pair plummeted from
75.73 to 75.45, following the negative comments from Debelle amid
Tuesday's Asian session. The pair suffered its most significant loss in
two weeks on Monday as the global markets praised the risk-aversion
wave. AUD/JPY sharply fell from 76.221 to 75.609 on Monday, and at the
current rate, it could likely drop further over the coming hours.
Traders are rushing to the Yen at the moment due to the increasing
talks regarding the national lockdowns in the UK and Europe backed by
the recent rise in Covid-19 cases in the region. Furthermore, the
US-China tension is another catalyst that could be negatively affecting
the Aussie as China is the largest customer of Australia. The US
Secretary of State, Mike Pompeo, recently thanked France, Germany, and
the UK for their joint effort in rejecting China's claims in the South
China Sea at the United Nations (UN). While the event intensifies the
rivalry between the US and China, China losing the claims indirectly
affects Australia and the Aussie.
The AUD/JPY pair is in a bearish trend as it is currently trading below
the 100-day moving average. Further risk aversion in the market could
see the pair drop lower and likely approach the 200-day moving average
of 72.9. Following the recent market performance, the pair's 50-day SMA
is at its lowest since August 03, while bearish MACD signals for AUD/JPY
indicate further downside. The Aussie could really do with any good
news at the moment to help it shake off the bearish trends.
[About The Author]
Hassan is an expert writer and analyst on the financial markets, with
expertise in cryptocurrencies, forex, stocks, and CFDs. With more than
four years of experience, Hassan is a popular writer in fundamental
analysis, trading guides, and news contents.
He has worked for various forex, stock, and cryptocurrency blogs
including; blokt.com, coinjounal.net, stockdork.com,
forexschoolonline.com, forexsignal.com, and more. Hassan currently works
as a financial markets and cryptocurrency writer.
The pair could be facing a bit of correction or sell-off by the
sellers as the buyers been in a fatigue kind of trading mode as we see
exhaustion on the current structure especially the last one and half
week or so as you can view small green candles with upper wicks being
equal to the size of the main body and to some others abet elongated or
longer than the main body and in addition to that, round about price
handle level 0.96405 area acting really strong resistance ceiling having
being tested now four times.To get more news about WikiFX, you can visit wikifx official website.
Market participants would be interested to drop the macd on their
Aud/Cad daily chart and you could see it is indicating a hidden
divergence.
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.
The World of Warcraft economy will be changing drastically with the upcoming World of Warcraft: Shadowlands expansion. Recently, we wrote on the Black Market Auction House changes and how Blizzard will be limiting players from using it by making it require a level 60 character.To get more news about buy WoW items, you can visit lootwowgold official website.
We also have discussed the Gallywix ban waves that went out earlier
in the year, removing an organization massive enough to have dictated
much of the economy. From services to in-game items, the Gallywix ban
wave removed so much from the economy that players can still feel
repercussions.
But today, we’re discussing another direct change that Blizzard is
having on the economy. Namely, this change affects the raw gold farming
community.
If you’re unfamiliar, raw gold farming is exactly that – farming gold itself from item drops rather than farming materials or items to sell, or selling some other product or service like carries, taxi services for players without flying, power-leveling and the like.
Primarily, this is done through soloing old raids, which provides countless gear drops. There are plenty of other places – Freehold is an extremely popular location to do such, for example – but the tactic remains the same: get items, vendor items, get gold.However, Blizzard has implemented a solid hit to this tactic to earn gold. With the upcoming Shadowlands patch, the amount of gold that old dungeons and raids yield will be drastically reduced – in some cases, by as much as being cut in half!
Wowhead provided a solid write-up and graph, which you can find here. Blackrock Foundry, for example, has its gold reward for vendoring items reduced from 1,890 gold all the way down to 890, a 52.91% decrease.Dragon Soul, Heart of Fear, and Trial of the Grand Crusader see decreases, though smaller percentages. In that order, the reduction is 41.87%, 34.74%, and 42.92%. These changes are not including the gold that the boss itself drops, which remains unreduced; this change only considers the money earned from vendoring the drops of the bosses.
A big part of this is likely due to the level squish. As older items are having their item level reduced drastically, the vendors find them worth a smaller amount, only rewarding players with much less. However, regardless of the reason, it’s a massive hit.
Many are saying that this is Blizzard’s way of trying to push players towards buying more tokens. As gold will be harder to earn, players are more likely to spend their real money on buying a token to earn quick gold, ensuring that they have enough for whatever they need.
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Liu Shaoxuan, the vice dean of Antai College of Economics and Management, Shanghai Jiao Tong University, firstly on behalf of the college, welcomed all new 2020 MBA students, and shared with all students that as a top business school in China, under the epidemic situation, taking the industry as “medium view” perspective, Antai solves difficulties and offers solutions for enterprises, and creates the first domestic online high-quality courses, builds “Antai horizon “ to deliver the wisdom of Antai. At the same time, Antai has sent surgical masks to friendship universities around the world, expressing good wishes to them, and encouraged all people of Jiao Tong University to be concerned about people in the whole world, to be brave to undertake the responsibility. Choosing Antai is the right choice. Only through continuous improvement, can we maintain the advantages. With the industry research, Antai forms the teaching system of crisscross and the unity of knowledge and action ——industry community class.
At the same time, Dean Liu extended the welcome to the students of the first period AI-MBA of Antai. As a national initiative program jointly created by Antai and the Artificial Intelligence Research Institute of Jiao Tong University, he expected all AI-MBA students to assist in the artificial intelligence industry and to achieve the technological breakthroughs and more application scenarios of the landing and development.
At last, with the meaning of “Gratitude to the source of the favor”, Dean Liu expressed his expectations to Antai students to study hard as all rivers running into sea; to cultivate morality as still waters running deep; as well as when success, never forget the source of the favor. Every new student of Jiao Tong University should remember to be “grateful”, and more importantly, remember the original intention of the “love you country and bring honor to your university”, to be tolerant, tenacious and open-minded. He also wished all students in Antai to overcome difficulties, to achieve academic success, at the same time, also to be able to achieve a more noble character personality and morals, achieve great success in the wide career development!
Professor Rong Ying, the director of MBA program shared the topic of the “reconstruction of thinking mode”, which also benefited every student a lot. Combined with the work experience and enterprise cases, and with the scientific deduction method, we can have a more comprehensive thinking and make better decisions. Learning is a process of making a painstaking investigation from metamorphosis into a butterfly. As the hard science and multiple thinking model advocated by Charlie Munger, only by constantly learning scientific methods and practicing in work, we can become the elite, more quickly, and making dreams coming true more quickly. We should seek knowledge and practice knowledge with the mentality of “returning zero”, complete the sublimation of self-cognition and realize the transformation of work and life under the experience of Antai of Jiao Tong University.
After then, Wang Xiaowei, the director of Antai MBA Center, on behalf of the program, introduced the overall arrangement of “pre-MBA education for 2020 students”. In the special moment of the epidemic situation, the program is still dedicating to enhancing communication among students, cultivating team spirit and improving leadership. At the same time, we are familiar with the relevant rules and regulations of the school and enter into the learning state as soon as possible, lead the students to fully unlock the journey of Antai from various aspects, such as the soft skill training of the entrepreneurship and Innovation Forum, the core pilot course of class team building, and Antai famous teacher lecture hall.
Jiao Tong University has long history and cultural deposits of 124 years with countless unknown stories and origins. Sheng Yi, the deputy director of Qian Xuesen Library, introduced the history of the university to the new students. Shanghai Jiao Tong University has not only cultivated a large number of valuable talents to the international infrastructure construction and rapid development, but also contributed a great deal to the education in China and even overseas. The stories of outstanding alumni are very encouraging, and we are also proud of the first-class cultural genes and “storing talents and promoting national renewal” of Jiao Tong University, which make the China become a first-class great-power country.
A career in China offers unprecedented velocity and the excitement of disruptive innovation.Professor Kar Yan Tam, dean of Hong Kong’s HKUST Business School, says “China will remain the world’s major growth engine in the years ahead.”To get more news about best university in china for mba, you can visit acem.sjtu.edu.cn official website.
After a career in China? Here’s nine business schools in both Asia
and North America that have built substantial networks within the
Chinese business sector:
1. Hong Kong University of Science and Technology (HKUST)
HKUST is one of 11 schools participating in the Graduate Management Admission Council's 'Study in China' initiative, a plan to open China's business schools to international interest.
The school's dean says students at HKUST "not only receive the best international business education to develop a global perspective, but also look for opportunities to experience the vitality of China."
2. Nanyang Business School, Singapore
Nicole Tee, director of graduate studies at Nanyang Business School,
says: “NTU Nanyang MBA is widely recognized as offering one of the top
MBAs in the world, providing a transformational impact on executives
early in their careers." She adds, "Leveraging Nanyang Technological
University’s strength and reputation in Asia and technology, graduates
are well-equipped with the success factors needed for the 4th industrial
revolution – Global Skills, Agile Thinking, and Digital Capabilities.”
3. Chinese University of Hong Kong (CUHK) Business School
Hong Kong is often called the Gateway to China and CUHK is recognized as offering the first MBA program in the region, ranked number two in Asia according to the Financial Times Top MBAs for Finance 2017.
CUHK Business School is one of the first two business schools in Asia
accredited by the Association to Advance Collegiate Schools of Business
(AACSB). CUHK boasts over 500 inbound exchange students each academic
year and that number is expected to grow.
4. Cheung Kong Graduate School of Business (CKGSB), Beijing
China's leading independent business school, CKGSB offers unique programs to its student body, 25% of which is comprised of international MBA students.
The Financial Times reports that based on self-reported salary information in Chinese RMB in 2016 (one-year post-MBA) and converted using PPP to USD$ figures, CKGSB MBA graduates made an annual median salary of $132,196, among the best paid graduates in the region.
Chinese leaders are conducting an import fair under intensive anti-coronavirus controls in their latest effort to revive the world's No. 2 economy while the United States and Europe struggle with a renewed surge of infections.To get more news about China International Import Expo, you can visit shine news official website.
Few exhibitors came from abroad for the third China International Import Expo. Most were represented by Chinese employees or managers who work in China. Beijing has eased curbs that barred foreign visitors to China, but new arrivals are required to undergo a 14-day quarantine.
China, where the pandemic began in December, became the first major economy to begin the struggle to restore normal activity after the ruling Communist Party declared victory over the virus in March. Economic growth turned positive in the three months ending in June. Retail spending has edged back above pre-virus levels.
“By hosting the expo in these difficult times, China is demonstrating its resolve to keep the global economy on track,” the official China Daily newspaper said Wednesday.
The expo does nothing to address complaints about China’s trade record that helped to spark its tariff war with Washington and fuel tension with Europe, Japan and other trading partners.
Other governments complain Beijing violates its free-trade commitments by hampering access for foreign companies that want to invest and compete in its industries. They say the ruling party improperly supports its fledgling companies in technology and other promising fields and shields them from competition.
The approximately 2,600 companies at the six-day expo that opened Thursday in a cavernous, 1.5 million square meter (16 million square foot) convention center include many that already operate in or sell to China.
Tyson Foods Inc. is at the expo for the first time to showcase its pork, beef and pet food, said Zhou Qian, the company’s public relations manager for Greater China. Tyson has been selling chicken in China for two decades and has six factories in this country.
“2020 is a very special year. The epidemic is both a challenge and an opportunity for our meat company,” said Zhou.
China has relaxed most anti-disease controls but travelers and visitors to public buildings still are checked for fever and must show a smartphone app that records whether they have been to areas with recent infections.
At the import expo, exhibitors and visitors were required to show proof they had a negative virus test within the past week. Crowds are limited to 30% of the normal capacity of the National Exhibition and Convention Center.
China held this year’s first in-person trade fair in September in Beijing. Exhibitors from abroad at the China International Fair for Trade in Services took part via the internet.
The same month, authorities opened the Beijing auto show, the first major trade show for any industry since the pandemic began. A handful of foreign visitors arrived early to wait out a quarantine, but most brands were represented by Chinese employees or executives who work in China.
The world’s biggest sales event, the export-oriented Canton Trade Fair in southern China, was postponed from April to June and held online.
The suspension of Ant Group’s much-anticipated initial public offering — rumored to be the biggest of all time — came as a surprise to global investors earlier this month, but there’s more to the story than meets the eye, Brendan Ahern, chief investment officer of KraneShares, told CNBC”s “ETF Edge” on Monday.To get more latest ant group news, you can visit shine news official website.
Ant Group’s original $300-billion-plus valuation is now expected to be cut in half after Chinese officials said the company did not meet certain regulatory and disclosure requirements for its IPO just five days before the scheduled listing.
“You have all this retail money, predominantly individual investor money, in the IPO, and the regulator wasn’t going to do something to hurt the company knowing that you’d only be hurting all these mom-and-pop investors,” Ahern said.
“I think, actually, the regulator took a pretty pragmatic view and for both parties, in the long run, it’s probably a better outcome,” he said.
Ahern, whose company is majority-owned by a Chinese investment firm, said another attempt at a listing was “very unlikely to happen until about at least a minimum of six months.”
While U.S.-based institutional investors “would’ve called the company’s bluff” had it decided to list on a domestic exchange, China has only just begun to ratchet up its regulations and officials there will likely need time to parse Ant Group’s financials, he said.
“The company really portrayed itself as a technology company, got that very high valuation, but it was going to increasingly fall under being regulated like a bank,” Ahern said. “I think the regulator said all of the revenue, profitability, in the IPO prospectus is backward looking, and under this new regulatory regime, the company is still a great, great company, but certainly, the level of profitability is going to come down.”
“As much as this is a disappointment, I think the regulator is saying to investors, ‘You need more insight into how the regulation is going to affect this company going forward,’” he added.
Nick Colas, the co-founder of DataTrek Research, said regulators likely made the right decision even if their timing was less than ideal.
“If you look at the Chinese online payment system, it’s dominated by two players,” Colas said in the same “ETF Edge” interview. Those players are Ant, of which Alibaba owns one-third, and Tencent’s WeChat Pay.
The two have accrued some 80% market share in China’s online payment industry, which has “astounded” central bank officials around the world, the market analyst said.
“Federal Reserve officials like Loretta Mester have talked about how odd it is that two companies dominate that,” Colas said. “I think the Chinese government has looked at it and said, ‘Yeah, that really is actually a problem and we do need to work on figuring out how to structurally make it more sound,’ because it is probably the biggest structural risk to the Chinese banking system.”