User blogs
Among the various uncertainties in the global financial markets, Brexit
negotiations and the US presidential election are the most concerned. In
terms of Brexit, it is reported that the UK government will officially
withdraw from negotiations with the EU if a deal isn't achieved this
week. The British government has repeatedly stressed the seriousness of
the statement, with a deadline of October 15 (this Thursday) set by
Prime Minister Johnson. While both sides have acknowledged they are at
loggerheads, Johnson indicated that the country's trading arrangements
with the EU would be like Australia's if no deal was reached.To get more
news about WikiFX, you can visit wikifx official website.
Johnson's Internal Market Bill, which has passed its third reading in the Commons, is aimed to be an incentive for the EU to make concessions. But the Bill is a violation of the Brexit agreement signed earlier. The EU thus intends to take Britain to the International Court of Justice (ICJ). With that said, I believe the impasse can hardly find a break since the UK has tried to get concessions from the EU by breaking international law, and since the EU will be determined to sue the UK for the unacceptable illegal means. The pound may see a wide drop under selling pressures once the EU takes the UK to the ICJ immediately after the British government announces its withdrawal from the negotiations this Thursday.
In terms of the US presidential election, Trump failed to chalk up sympathy votes by his speedy recovery from COVID-19. Besides, his approval ratings haven't received any upside despite Vice President Pence's average performance in the television debate against another candidate. In this case, Trump is likely to fight back with unusual tactics, which may raise the uncertainty in the market and sentiment. As a result, the US dollar will have a chance to rally bolstered by the lasting risk aversion. Conversely, the pound may be dragged down by Brexit uncertainties. In the following week, the selling of the pound may be enduring unless Johnson dramatically makes significant concessions to resolve the crisis of hard Brexit. But in my opinion, to break the deadlock is difficult because the purpose of Johnson's Internal Market Bill is to force the EU to make concessions rather than doing so himself.
Johnson's Internal Market Bill, which has passed its third reading in the Commons, is aimed to be an incentive for the EU to make concessions. But the Bill is a violation of the Brexit agreement signed earlier. The EU thus intends to take Britain to the International Court of Justice (ICJ). With that said, I believe the impasse can hardly find a break since the UK has tried to get concessions from the EU by breaking international law, and since the EU will be determined to sue the UK for the unacceptable illegal means. The pound may see a wide drop under selling pressures once the EU takes the UK to the ICJ immediately after the British government announces its withdrawal from the negotiations this Thursday.
In terms of the US presidential election, Trump failed to chalk up sympathy votes by his speedy recovery from COVID-19. Besides, his approval ratings haven't received any upside despite Vice President Pence's average performance in the television debate against another candidate. In this case, Trump is likely to fight back with unusual tactics, which may raise the uncertainty in the market and sentiment. As a result, the US dollar will have a chance to rally bolstered by the lasting risk aversion. Conversely, the pound may be dragged down by Brexit uncertainties. In the following week, the selling of the pound may be enduring unless Johnson dramatically makes significant concessions to resolve the crisis of hard Brexit. But in my opinion, to break the deadlock is difficult because the purpose of Johnson's Internal Market Bill is to force the EU to make concessions rather than doing so himself.
The trading session for last week candle close below price handle level
1.56 has exposed this pair to further downside slip or selloff as that
zone was and is now looking as very strong supply zone having really
hold off bullish price action.To get more news about WikiFX, you can visit wikifx official website.
There may also be a false bullish flag pattern playing out as buyers could not push and close the price up past the previous week trading session swing high point and therefore further exposing not only the support line level of 1.55 but also the main lower trend line and now explicitly guiding momentum for bearish market speculators.
The 2 day chart below gives a good price action perspective for market participants interested to swing this trade with their defined limit orders and risk to reward parameters as set or defined as per their trading rules.
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.
There may also be a false bullish flag pattern playing out as buyers could not push and close the price up past the previous week trading session swing high point and therefore further exposing not only the support line level of 1.55 but also the main lower trend line and now explicitly guiding momentum for bearish market speculators.
The 2 day chart below gives a good price action perspective for market participants interested to swing this trade with their defined limit orders and risk to reward parameters as set or defined as per their trading rules.
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.
Prices of gold and silver saw a large retreat four weeks ago just after I
published the Negative Points of Buffetts Buying Gold-Mining Stocks.
Trends of precious metals are seemingly simple but yet proved to be
tricky.To get more news about WikiFX, you can visit wikifx official website.
As of this writing (September 24), spot gold prices have fallen from the all-time high of $2,075.00 to $1,853.50, a decline of 10.67%. Such a drop stems mainly from the upbeat expectations of financial markets on the available coronavirus vaccine, which pushes economic activities back on track. With the economy seeing the start of a pick-up, central banks unwind the pressure on monetary easing, thus gold prices are punished. Besides, as over ten countries have been delivering their gold reserves back from the U.S. and U.K., I suppose some countries are likely to dishoard gold for more cash amid the high gold prices, so as to ease their financial pressure in outbreak response.
The recovered U.S. dollar, of course, is the last factor depressing gold prices. Apart from the changes in the Fed‘s monetary policies, which have sent a rally to the greenback, the Fed officials also stated that the country’s interest rates would have a chance to rise early, fueling further gains for the DXY to breach above the $94 barrier. Moreover, considering the DXY outshines others at the expense of GBP and EUR, all the non-USD currencies, gold, and silver have seen varying degrees of correction.
In terms of catching gold prices, investors are recommended to eye the dollar rather than indiscriminately focusing on other topics. With the U.S. stocks remaining weak recently, the U.S. dollar has bottomed out due to the RSI divergence, which becomes another key affecting the dollars trends. The trends on the chart show that the current DXY is expected to reclaim the $95.716 level, putting correction pressures on gold prices and non-USD currencies in the short run. From my estimate, gold may challenge a lower level of $1,765.00 this time while the silver is highly like to further decrease to $19.648.
As of this writing (September 24), spot gold prices have fallen from the all-time high of $2,075.00 to $1,853.50, a decline of 10.67%. Such a drop stems mainly from the upbeat expectations of financial markets on the available coronavirus vaccine, which pushes economic activities back on track. With the economy seeing the start of a pick-up, central banks unwind the pressure on monetary easing, thus gold prices are punished. Besides, as over ten countries have been delivering their gold reserves back from the U.S. and U.K., I suppose some countries are likely to dishoard gold for more cash amid the high gold prices, so as to ease their financial pressure in outbreak response.
The recovered U.S. dollar, of course, is the last factor depressing gold prices. Apart from the changes in the Fed‘s monetary policies, which have sent a rally to the greenback, the Fed officials also stated that the country’s interest rates would have a chance to rise early, fueling further gains for the DXY to breach above the $94 barrier. Moreover, considering the DXY outshines others at the expense of GBP and EUR, all the non-USD currencies, gold, and silver have seen varying degrees of correction.
In terms of catching gold prices, investors are recommended to eye the dollar rather than indiscriminately focusing on other topics. With the U.S. stocks remaining weak recently, the U.S. dollar has bottomed out due to the RSI divergence, which becomes another key affecting the dollars trends. The trends on the chart show that the current DXY is expected to reclaim the $95.716 level, putting correction pressures on gold prices and non-USD currencies in the short run. From my estimate, gold may challenge a lower level of $1,765.00 this time while the silver is highly like to further decrease to $19.648.
When financial markets have been eyeing on issues such as China-U.S.
relations, the U.S. presidential election and the second wave of the
pandemic, Europe seems to be gearing up for a black swan, an event in
which a deterioration will trim the recently weak euro even lower.To get
more news about WikiFX, you can visit wikifx official website.
A barrage of large-scale demonstrations broke out after Belaruss presidential election because local people suspected Lukashenka conducted ballot rigging and called for his resignation. With an 80% approval rating and the strong support from Russian President Vladimir Putin, Lukashenka won the re-election and refused to step down, which worsened the situation on the ground.
The European Union officially refused to recognize Lukashenka as the new president of Belarus, saying the announced results were fraudulent and did not convey legitimacy. At the same time, the UK declared it would impose sanctions against Belarus while French President Emmanuel Macron also called on Lukashenko to step down. Nevertheless, the Belarusian government still took a hard line and accused outside meddling in the internal affairs. It seems Belarus is seeing further deterioration rather than embracing a peaceful settlement.
While the ostensible opponent of the EU is Belarus, the actual one is Russia. The battle between the two sides over the Belarus dispute will upgrade the tension in Europe. Once the situation in Belarus gets out of hand, the euro may swallow a bitter pill.
In the financial market, several events have staged their performance: the UK-EU trade talks from Monday to Friday, the first US presidential debate and the release of US GDP on Wednesday, the EU summit on Thursday, and the release of US jobs data on Friday. The EU summit was expected to see the sanction against Belarus unanimously passed, thus Russias response would be thrust into the spotlight. These events would spoil the fun in the financial market.
A barrage of large-scale demonstrations broke out after Belaruss presidential election because local people suspected Lukashenka conducted ballot rigging and called for his resignation. With an 80% approval rating and the strong support from Russian President Vladimir Putin, Lukashenka won the re-election and refused to step down, which worsened the situation on the ground.
The European Union officially refused to recognize Lukashenka as the new president of Belarus, saying the announced results were fraudulent and did not convey legitimacy. At the same time, the UK declared it would impose sanctions against Belarus while French President Emmanuel Macron also called on Lukashenko to step down. Nevertheless, the Belarusian government still took a hard line and accused outside meddling in the internal affairs. It seems Belarus is seeing further deterioration rather than embracing a peaceful settlement.
While the ostensible opponent of the EU is Belarus, the actual one is Russia. The battle between the two sides over the Belarus dispute will upgrade the tension in Europe. Once the situation in Belarus gets out of hand, the euro may swallow a bitter pill.
In the financial market, several events have staged their performance: the UK-EU trade talks from Monday to Friday, the first US presidential debate and the release of US GDP on Wednesday, the EU summit on Thursday, and the release of US jobs data on Friday. The EU summit was expected to see the sanction against Belarus unanimously passed, thus Russias response would be thrust into the spotlight. These events would spoil the fun in the financial market.
While the public was worrying about whether Trump's condition would
worsen, the president has been reported to be on a path to a full
recovery and may be discharged from the hospital soon. His speedy
recovery surprised financial markets, causing analysts to refocus on the
underlying fundamentals.To get more news about WikiFX, you can visit wikifx official website.
Although Trump debated hotly against Democratic presidential candidate Biden last Wednesday, the latest polls show that he has failed to turn things around as his support rate is still 10% behind Biden, coupled with his miraculously speedy recovery. Amid the dampened risk aversion, US stocks may have a chance to rebound sharply this week, which may push the DXY back to the resistance zone of 93.527-93.465.
As the greenback is hampered in the short term, there is room for non-dollar currencies to rebound, among which the euro and the pound are not strong enough due to their respective concerns. A recovery in global stock markets may boost the Australian dollar and the Swiss franc in the short term. This week, therefore, AUD/USD may grasp a chance to challenge the above resistances of 0.7267 and 0.7345, while the Swiss franc, another currency with no much concern, will vigorously challenge the support zone of 0.9121-0.9049 amid the hampered dollar.
The vice-presidential debate was held on October 7. Although many people do not value it, I believe it is definitely worth watching this time because last week's debate between Trump and Biden is much more like a quarrel, which is arguably the worst one in American history. Thus all eyes should better turn to this debate for the relevant platforms. Besides, considering the advancing years of both the presidential candidates, the elected vice president will take office then once the elected president cannot finish the term for some reason. With that said, I believe the debate between the two vice-presidential candidates may send some volatility through financial markets. Thus investors should not take it lightly.
Although Trump debated hotly against Democratic presidential candidate Biden last Wednesday, the latest polls show that he has failed to turn things around as his support rate is still 10% behind Biden, coupled with his miraculously speedy recovery. Amid the dampened risk aversion, US stocks may have a chance to rebound sharply this week, which may push the DXY back to the resistance zone of 93.527-93.465.
As the greenback is hampered in the short term, there is room for non-dollar currencies to rebound, among which the euro and the pound are not strong enough due to their respective concerns. A recovery in global stock markets may boost the Australian dollar and the Swiss franc in the short term. This week, therefore, AUD/USD may grasp a chance to challenge the above resistances of 0.7267 and 0.7345, while the Swiss franc, another currency with no much concern, will vigorously challenge the support zone of 0.9121-0.9049 amid the hampered dollar.
The vice-presidential debate was held on October 7. Although many people do not value it, I believe it is definitely worth watching this time because last week's debate between Trump and Biden is much more like a quarrel, which is arguably the worst one in American history. Thus all eyes should better turn to this debate for the relevant platforms. Besides, considering the advancing years of both the presidential candidates, the elected vice president will take office then once the elected president cannot finish the term for some reason. With that said, I believe the debate between the two vice-presidential candidates may send some volatility through financial markets. Thus investors should not take it lightly.
After the EU‘s chief negotiator Michel Barnier had a 12-hour tunnel talk with the UK last Friday, British Prime Minister Boris Johnson’s official spokesman stated that although some progresses had been made, it is a pity that both sides did not reach an agreement due to some divergences. The EU hoped that the UK can make more concessions to reach the trade agreement that has been discussed for a long time.To get more news about WikiFX, you can visit wikifx official website.
The financial market seems to believe that both sides will reach an agreement, which brought a continuous rebound sterling. Hence, GBP/USD rallied to 1.3049 from 1.2675 recorded on September 23th, showing no worry about the UKs hard brexit in the financial market. Johnson said last week that according to an ultimatum, if the agreements are not likely to be reached before October 15th, the UK will terminate the negotiation completely and plan to brexit without trade agreements.
It is believed that the EU will file a suit against the UK on its internal market bill, so more attention should be paid in the next few days. And sterling is supported by the easing atmosphere in the negotiation. If sterling keeps rebounding, there would be a dramatic turning point that the final trading agreement is signed between the UK and EU. However, be careful that the good news may bring more attention in addition to some risks. The latest economic data released by the UK seems very bad, and its future data is expected to be worse due to the second round of COVID-19 outbreak.
Therefore, the Bank of England is more likely to impose negative interest rates or strong quantitative easing. It is estimated that some senior traders will seize the chance to sell in the market, and sterling may drop from a high level under the pressure. If the good news comes, sterling may challenge the upward resistance level of 1.3186-1.3267. So investors should be careful about buying at the level area. Meanwhile, sterling is set to fall to the level of 1.28 due to the possible hype based on the negative news in the market.
Very strong bullish momentum push by market participants during
yesterday trading session broke past a major resistance area and a major
pivot level that hold fort as since the start of the second half of
this year. The strong price action move up did touch the 200 day moving
average.To get more news about WikiFX, you can visit wikifx official website.
Starting this month trading session, price action remained bullish as market speculators traded above the 50 moving average holding as dynamic support band.
Traders’ sentiment is still bullish as price shot up past the price handle level of 1.67, nevertheless, the 200 M.A is flat and we may expect a little bit of consolidation wave around it as price zones level around 1.675 was a previous supply zone area and can expect a bit of short sell.
Bullish market participants may wait for a retest of both last week trading session highs if looking for good risk : reward trade idea and limit order setups for this pair.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.
Starting this month trading session, price action remained bullish as market speculators traded above the 50 moving average holding as dynamic support band.
Traders’ sentiment is still bullish as price shot up past the price handle level of 1.67, nevertheless, the 200 M.A is flat and we may expect a little bit of consolidation wave around it as price zones level around 1.675 was a previous supply zone area and can expect a bit of short sell.
Bullish market participants may wait for a retest of both last week trading session highs if looking for good risk : reward trade idea and limit order setups for this pair.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.
Powerball will no longer have a guaranteed minimum starting jackpot or
minimum rollover increases, beginning after the Wednesday, April 8
drawing.Get more news about 电子游戏包网,you can vist nb68.com
Instead, ticket sales and interest rates will be used to set the advertised jackpot, the Powerball Product Group of 38 state lotteries has announced.The game's previous minimum starting jackpot was $40 million and the increase between drawings was at least $10 million.
Only jackpot winners who opt to receive their winnings as a yearly annuity will be affected by the change; those who choose a lump sum cash payout will not be impacted. The game's other prize tiers are also not affected by the change.
“These changes are necessary to ensure that ticket sales can support the Powerball jackpot and other lower-tier cash prizes,” said Gregg Mineo, Powerball Product Group Chairman. “Our number one priority is making sure that the Powerball game can continue to assist lotteries in raising proceeds for their beneficiaries.”
The new changes override Powerball's previous announcement on March 25 that it would lower the starting jackpot to $20 million, with a $2 million minimum increase between drawings.
The fast-moving nature of the coronavirus pandemic required a new response, said Mineo. “Since last week, more states and cities have asked their residents to stay at home, which has affected normal consumer behaviors and Powerball game sales,” he said. “In response to the public health crisis, interest rates have declined. As a result, additional game sales are necessary to fund comparable jackpot amounts.”Powerball drawings will continue to be held as scheduled on Wednesday and Saturday nights. The jackpot currently stands at a guaranteed $180 million for the Saturday, April 4 draw. Don't want to leave the house? You can still enjoy playing online.
If there's a rollover on Saturday, the jackpot will increase to $190 million for the Wednesday, April 8 draw. If the jackpot is hit on Saturday, it will reset to a guaranteed $20 million for Wednesday's draw, and continue to increase from that point based on sales and interest rates.
Instead, ticket sales and interest rates will be used to set the advertised jackpot, the Powerball Product Group of 38 state lotteries has announced.The game's previous minimum starting jackpot was $40 million and the increase between drawings was at least $10 million.
Only jackpot winners who opt to receive their winnings as a yearly annuity will be affected by the change; those who choose a lump sum cash payout will not be impacted. The game's other prize tiers are also not affected by the change.
“These changes are necessary to ensure that ticket sales can support the Powerball jackpot and other lower-tier cash prizes,” said Gregg Mineo, Powerball Product Group Chairman. “Our number one priority is making sure that the Powerball game can continue to assist lotteries in raising proceeds for their beneficiaries.”
The new changes override Powerball's previous announcement on March 25 that it would lower the starting jackpot to $20 million, with a $2 million minimum increase between drawings.
The fast-moving nature of the coronavirus pandemic required a new response, said Mineo. “Since last week, more states and cities have asked their residents to stay at home, which has affected normal consumer behaviors and Powerball game sales,” he said. “In response to the public health crisis, interest rates have declined. As a result, additional game sales are necessary to fund comparable jackpot amounts.”Powerball drawings will continue to be held as scheduled on Wednesday and Saturday nights. The jackpot currently stands at a guaranteed $180 million for the Saturday, April 4 draw. Don't want to leave the house? You can still enjoy playing online.
If there's a rollover on Saturday, the jackpot will increase to $190 million for the Wednesday, April 8 draw. If the jackpot is hit on Saturday, it will reset to a guaranteed $20 million for Wednesday's draw, and continue to increase from that point based on sales and interest rates.
Coos Bay woman Ann Charkowicz said she had a "good feeling" after she and her husband Brian saved a toddler from being hit by a car. The feeling led her to buy an Oregon Lottery Raffle ticket that turned out to be worth $1 million.Get more news about 彩票包网,you can vist nb68.com
The couple were preparing to go on a vacation to hunt for agates when they saw a toddler walking into a busy road. Thankfully, they were able to get the young child home safely.
Ann and Brian, who have been married for 36 years, took their trip, and after returning Ann decided to pick up some Oregon Lottery tickets. "I figure I did something good, something good might happen to me," she said.After the Raffle draw, Ann printed the numbers to post for customers - and the winning number, 080948, looked familiar. She was in disbelief when she checked her ticket and found out she was a millionaire.
"The first thing I said to Brian was, 'How much do we need for me to retire?'" she recalled. "I had a feeling I was going to win, and it came true. It was karma."
After taxes, the couple collected $680,000, and said they planned to save the windfall until the economy stabilizes. Ann said she may try to work fewer hours.
"It is crazy right now," Brian said. "We are being extremely careful with this money."
Jill McGinnis, Safeway's director of communications and public affairs, said it was great to hear some good news amid the huge rise in demand their staff is coping with due to coronavirus.
"We are so thrilled for Ann!" she said. "Our employees work so hard, now more than ever. I can't think of a better time for her to win. I hope that she feels a great sense of security because of this - and has some fun too!"
A New Jersey Powerball player is $190 million better off after a single
ticket hit the jackpot on Wednesday night by matching all six numbers -
white balls 2, 37, 39, 48, 54, and the red Powerball 5.Get more news
about 菲律宾牛博包网,you can vist nb68.com
The winning ticket for the April 8 draw was purchased at Buy-rite Liquor Piscataway, 1353 Stelton Rd., Piscataway in Middlesex County. The store will receive a $30,000 bonus.
“Congratulations to the winner of this multi-million-dollar jackpot!" said New Jersey Lottery Executive Director James Carey. "We encourage the winner to sign the back of the ticket, make a copy of both sides and put it in a safe place. We recommend contacting a financial advisor and an attorney before reaching out to Lottery officials at 1-800-222-0996 to arrange to file a claim for this jackpot prize.”The winner will have the enviable choice to take their prize as a cash option one-time payment of $156 million, or to receive the full advertised $190 million jackpot as a yearly annuity.
In addition to the grand prize winner, another New Jersey ticket matched four white balls plus the Powerball to win $50,000. That ticket was purchased at Barnegat Quick Stop, 21 South Main St., Barnegat in Ocean County.
Until January, New Jersey lottery winners were required to be identified, but a law signed by Gov. Phil Murphy now provides winners with the the option to remain anonymous.
Another lucky Garden State ticket hit the $202 million Mega Millions jackpot on February 11 this year. That's a whole lot of money - but did it make it onto the list of top 10 biggest jackpots ever won in New Jersey?
The winning ticket for the April 8 draw was purchased at Buy-rite Liquor Piscataway, 1353 Stelton Rd., Piscataway in Middlesex County. The store will receive a $30,000 bonus.
“Congratulations to the winner of this multi-million-dollar jackpot!" said New Jersey Lottery Executive Director James Carey. "We encourage the winner to sign the back of the ticket, make a copy of both sides and put it in a safe place. We recommend contacting a financial advisor and an attorney before reaching out to Lottery officials at 1-800-222-0996 to arrange to file a claim for this jackpot prize.”The winner will have the enviable choice to take their prize as a cash option one-time payment of $156 million, or to receive the full advertised $190 million jackpot as a yearly annuity.
In addition to the grand prize winner, another New Jersey ticket matched four white balls plus the Powerball to win $50,000. That ticket was purchased at Barnegat Quick Stop, 21 South Main St., Barnegat in Ocean County.
Until January, New Jersey lottery winners were required to be identified, but a law signed by Gov. Phil Murphy now provides winners with the the option to remain anonymous.
Another lucky Garden State ticket hit the $202 million Mega Millions jackpot on February 11 this year. That's a whole lot of money - but did it make it onto the list of top 10 biggest jackpots ever won in New Jersey?