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As of early this morning (GMT+8), WTI ended higher 1.95% with oil prices
increasing in the wake of the meeting of the OPEC+ Joint Ministerial
Monitoring Committee (JMMC), which was held on the night of September
17.To get more news about WikiFX, you can visit wikifx official website.
At the meeting, the OPEC+ committed to fully comply with the production cut agreement and urge the “cheating countries” to compensate for overproduced barrels. As the compensation may last till the end of the year, market stability will be further promoted. The OPEC+ also pledged to “actively” adjust the cuts quota of 2021 when necessary, so as to deter speculation on crude oil.
Oil prices jumped by 1.95% after the meeting and have bounced back above 200-DMA, which may be a technical progress uplifting oil bulls.
As far as the trend this month, oil prices are still edging down and may struggle to extend its rebound ahead of the critical zone of technical resistance around the $41.00. A back-test of the 50-DMA could keep a lid on further advances attempted by the commodity.
All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App:
At the meeting, the OPEC+ committed to fully comply with the production cut agreement and urge the “cheating countries” to compensate for overproduced barrels. As the compensation may last till the end of the year, market stability will be further promoted. The OPEC+ also pledged to “actively” adjust the cuts quota of 2021 when necessary, so as to deter speculation on crude oil.
Oil prices jumped by 1.95% after the meeting and have bounced back above 200-DMA, which may be a technical progress uplifting oil bulls.
As far as the trend this month, oil prices are still edging down and may struggle to extend its rebound ahead of the critical zone of technical resistance around the $41.00. A back-test of the 50-DMA could keep a lid on further advances attempted by the commodity.
All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App:
3D rendering, which is a 2D representation of 3D wireframe model, has
substantially increased in the last few years owing to the rising
applications across several industries. 3D rendering is widely used in
the construction sector where the home makers offer a 3D model of an
architecture and interior design plan to the clients. Today, outsourcing
of 3D rendering services is acquiring traction in the market owing to
several benefits offered such as superior quality, cost-effective
pricing, availability of software & infrastructure, and superior
technical resources. In this model, services such as concept designing,
work scoping, texturing & lighting, creating 3D model, final
rendering and delivery are offered by the third-party vendors.To get
more news about design rendering services, you can visit https://www.3drenderingltd.com official website.
The major drivers boosting the growth of 3D rendering services market are the increase in need for virtualized & real-time experience in designing and planning and growing demand for real-time rendering and quick decision-making competences. Moreover, surge in adoption of cloud-based 3D rendering services is expected to create lucrative opportunities for the 3D rendering services market players.
The "Global 3D Rendering Services Market Analysis to 2027"? is a specialized and in-depth study of the 3D rendering services industry with a special focus on the global market trend analysis. The report aims to provide an overview of 3D rendering services market with detailed market segmentation by service type, end user, and geography. The global 3D rendering services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 3D rendering services market players and offers key trends and opportunities in the market.
The global 3D rendering services market is segmented on the basis of service type and end user. Based on service type, the 3D rendering services market is segmented as interior visualization, exterior visualization, modeling services, walkthrough and animation, floor plan, and others. On the basis of end user, the market is segmented as architects, designers, engineering firms, and real estate companies.
The major drivers boosting the growth of 3D rendering services market are the increase in need for virtualized & real-time experience in designing and planning and growing demand for real-time rendering and quick decision-making competences. Moreover, surge in adoption of cloud-based 3D rendering services is expected to create lucrative opportunities for the 3D rendering services market players.
The "Global 3D Rendering Services Market Analysis to 2027"? is a specialized and in-depth study of the 3D rendering services industry with a special focus on the global market trend analysis. The report aims to provide an overview of 3D rendering services market with detailed market segmentation by service type, end user, and geography. The global 3D rendering services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 3D rendering services market players and offers key trends and opportunities in the market.
The global 3D rendering services market is segmented on the basis of service type and end user. Based on service type, the 3D rendering services market is segmented as interior visualization, exterior visualization, modeling services, walkthrough and animation, floor plan, and others. On the basis of end user, the market is segmented as architects, designers, engineering firms, and real estate companies.
New Zealand's Otago Business School has announced the launch of a new
Chinese-language Online MBA program.To get more news about best Master in Management program in China, you can visit acem.sjtu.edu.cn official website.
The new program is aimed at students living in China who are seeking an international MBA. The Chinese-language Online MBA is delivered in the same way that the school's English-language Online MBA is, according to a news release from the school.
Online MBA programs are great alternatives for students who are looking for world-class business education, but may not be able to travel due to Covid-19 lockdown restrictions. Although many globally-oriented business schools have been launching Online MBA programs in the past few years, most of these have been in the English language.
For more information about Otago's Chinese-language Online MBA, please see the school's news release announcing its launch.
The new program is aimed at students living in China who are seeking an international MBA. The Chinese-language Online MBA is delivered in the same way that the school's English-language Online MBA is, according to a news release from the school.
Online MBA programs are great alternatives for students who are looking for world-class business education, but may not be able to travel due to Covid-19 lockdown restrictions. Although many globally-oriented business schools have been launching Online MBA programs in the past few years, most of these have been in the English language.
For more information about Otago's Chinese-language Online MBA, please see the school's news release announcing its launch.
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
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
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.
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.
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.
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.
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.
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.
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 https://www.madpainter.net 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.
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.
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
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
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.”
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.”