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
https://www.wikifx.com, 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.
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. From a general technical standpoint, over the long run, USD/ZAR has
primarily been in a substantial uptrend for several years now. We can
see multiple extended uptrends across bigger time-frames from the daily
to the monthly chart. Historically, since South Africa is, for the most
part, a developing country, any dominant currency paired against it like
the dollar usually tends to have the upper hand. Many exotic currencies
exhibit these traits. While there have been dips to the other side,
South Africa's economic problems have made its currency gradually
weaker. On the 6th of April 2020, the USD/ZAR hit an all-time high price
of R19.35, mainly due to the global Covid-19 pandemic and Moody's
downgrade ratings around that time.To get more news about https://www.wikifx.com, you can visit wikifx official website.
Since then, South Africa's currency has gotten marginally better by a
few rands, though the market hasn't forgotten this price level and may
look at passing significant milestones to get to it again potentially.
The first of those milestones would be the R17.79 price level. There was
a pullback that lasted for a few months after the record high. After
that, we started trending higher from the 22nd of July at R16.34 up to
R17.79. So, we could treat R17.79 as a potential supply zone while
R16.35 as a possible demand zone.

From the fundamental perspective, we can look at the employment figures
and the interest rates of each respective currency. The US seems to be
winning here compared to South Africa. The US economy added 1763 jobs in
July according to their Non-Farm Payrolls release on the 7th of August
2020. On the other hand, South Africa's figures are quite gloomy. For
their Q1 report in June, the unemployment percentage reached an
unprecedented all-time high of 30.10%, a 1% jump from the previous
figure of 29.1%. A slightly better jobs figure for America should give
investors and traders more impetus to have a bullish outlook on the
greenback against ZAR.
For interest rates, the Fed has firmly
remained at 0.25% for a few of their last interest rate decisions. On
the 15th of March 2020, the Fed decreased it from 1.75% to 0.25%, which
is the first time since the 2008 financial crisis it has been this low.
On the other hand, the SARB (South African Reserve Bank) has also done
something similar as they've decreased their interest rates since the
pandemic gained more worldwide attention. These efforts are partly
measures to boost both respective economies during the global pandemic
crisis. We can expect both interest rates to remain more or less where
they are in the near future since it will take quite a long time for
most of the world to recover. So we can't take advantage of any
disparities with these rates for now.
So, overall, no real short-term trading opportunities exist for
USD/ZAR. We can only look at the R17.79 level and see what the market
does should it get there. However, the easiest bias one can have with
this pair is bullish for the long term.
Forex is the largest financial market in the world, with the daily
trading volume being 5.3 trillion US dollars. It covers transactions of
all currencies in the world. There is no central exchange in the forex
market, all transactions are conducted independently by traders on the
MT4 system. And round-the-clock services are provided within 7 days in
the forex market. When trading in the time zone of a country ends, the
market may only open on the other side of the world. For example, Sydney
opens at 5:00 pm (EST); Tokyo opens at 7:00 pm (EST); London opens at
3:00 am (EST); and NewYork opens at 8:00 am (EST). The closing time of
the NewYork market coincides with the opening time of Sydney. Therefore,
transactions can be made at anytime.To get more news about https://www.wikifx.com, you can visit wikifx official website.
Forex transactions require a high execution speed, because
transactions need to be done immediately. Traders can adjust their
transactions with the change of the market. The quotations traders get
are always based on the real-time market. In addition, traders only need
to pay spread fee, due to the fierce competition in the market, which
causes most brokers to offer fairly low spread.
A Futures contract
is a kind of financial agreement between a buyer and a seller for
delivering a commodity at a certain time in the future. And the buyer
buys a futures contract, which means that he agrees to buy a commodity
at a fixed price in the future, and the seller must sell it at the
agreed price. The delivery date can be a week, a month, a quarter or
even a year. Traders in the futures market can also trade in both
directions.

Compared with the forex market, the futures market is much smaller,
with an average daily trading volume of about $50 billion. Therefore,
the liquidity of futures is much smaller than that of the forex market.
Unlike forex, futures transactions must be conducted in trading centers.
CME, the Chicago Mercantile Exchange, has the most traded futures
contracts. In addition, Intercontinental Exchange (ICE) and European
Futures Exchange (Eurex) are also exchanged with a large trading volume.
The delivery price of futures trading is uncertain. Futures trading
usually does not take place immediately, so it is difficult for traders
to know exactly how many goods they can buy or sell.
In the futures market, investors need to pay spread fees, commission
fees, settlement and exchange fees. These fees can accumulate quickly
and will consume traders profits eventually.
WikiFX suggestions: If you are preferring simple trading, it is more
appropriate to choose forex than futures. The forex market has high
liquidity and its openness to retail traders can provide a fairly good
investment environment. The retail traders of futures account for
relatively few, and its high risk makes the futures market more suitable
for investors with certain trading experience. Whether you decide to
trade forex or futures in the end, the most important thing is to make a
trading plan, strictly follow the principles, and stick to it.
In the design industry, it is very important to acknowledge the fact that customers’ preferences and needs are constantly changing, as are the markets. If you want to land new deals and run a healthy interior design business, you have to adapt to this changes and deliver what is expected of you.To get more news about design rendering services, you can visit https://www.madpainter.net official website.
One of these things is 3D rendered interior design. Supported by
affordable technologies, both in software and hardware departments, 3D
rendering is no longer reserved for big design companies only. Today we
are going to talk more about it and why it is becoming a standard to
offer 3D rendered interior design to your clients.
Interior design is a very distinctive niche in the design industry.
Interior designers also have a great responsibility. After all, they are
the ones that design the space people are going to spend most of their
day in. This is why the clients want to see and feel how the interior
would look like before they decide to give it a go.
When compared to the other methods of displaying interior design sketches and drawings, nothing can compare to the 3D rendered interior design. Clients can clearly see what the interior will look like, experience the textures, and explore the colors. If you decide to use 3D rendering in your operations, you will also be able to show them how the ambient looks with natural and artificial lights.It’s very common for clients to seek advice from several different interior design companies. The best design is not necessarily the one that wins them over to chose your company. As in any other industry, customers expect to be impressed. Your sketches and drawings, no matter how precise and great they are, won’t be able to win more clients over than 3D rendered interior designs.
3D images allow people to experience the space in a more natural way. They can see how everything aligns and easily picture it in space. This is one of the main reasons why we see 3D rendered interior designs becoming a standard in this niche.
Plus, you will be able to publish your designs online and use them as marketing material to impress more prospects and become a more attractive option on the market.We have intentionally left the heading to spell out this important message because, as in any other industry, in design companies don’t want to be left out and lose clients. As soon as the design companies started using 3D rendered interior designs, many followed.
This is not only because the competition started doing it, but because 3D rendered designs provided them with great results. Fortunately for everyone, the software and hardware needed for these projects became affordable. This is great news for small interior design businesses striving to make a name in a volatile market.The next in line is convenience. Despite the industry you are in, you have to do all in your power to make everything more convenient for the clients. “Can you come down to our offices to check out the interior designs that we have prepared for you?”, is a question that is more complex to answer today than it was just 10 years ago.
We all live busy lives and can't afford to go across town to visit the agency just to look at the sketches we might or might not like. With 3D rendered interior designs, you can do whatever you want. Send them over email, messaging app on a smartphone, upload them on a social network.
On top of that, you’ll be able to extend your reach and start designing for clients who are not in your vicinity and send them 3D rendered images in few simple clicks.
As you know that WOW has changed a lot in the past 15 years, and many of the most popular characters in the game have changed. Every time a new extension is made, developer WOW official Entertainment takes the game story to a whole new direction, often introducing story distortions that allow players to see their favorite characters from a new perspective when they buy WOW classic gold. If you told anyone in 2004 that Bolvar Fordragon would one day replace Arthas Menethil as the Lich King, they would probably assume that you are reading some of the top fan stories.To get more news about buy wow gold classic, you can visit lootwowgold official website.
With the advent of WOW Classic, we think it is a good time to re-recognize some of our favorite characters in the original version of the game. Here are 5 of the best characters in WOW:
Green Jesus returned to his place of belonging, and Hallelujah did this. The tribal OG chief may not need to introduce it, but we still give him one. Thall is responsible for the establishment of the tribal capitals of Durotar and Orgrimmar. In WOW Classic, Thrall can find his throne in the Valley of Wisdom in Orgrimmar and introduce it to players early in the process of leveling.
Since then, Thall has undergone many changes, most notably the abandonment of the Grand Chief's title (Garrosh Hellscream) during the Cataclysm expansion. Players who have been paying attention to the story since then know that the tribe has never really been so since Thall retired, so many tribal fans see Thall returning to its role in the classics. Status, this may be refreshing.
Sylvanas Windrunner
The current leader of the Battle of Azeroth is a polarized figure who is responsible for burning Darnassus and other suspicious decisions. She is much less well known in the classics, but for any forgotten person, she is still an important lore. The goddess of darkness ruled in the Undercity Royal District, and the fearful king Wari Matras stood by her side.
Her appearance is one of the most noteworthy things about Sylvanas in The Classic. WOW official originally used the night elf model instead of the undead blood elves to render the forgotten queen. This means that Sylvanas in The Classic looks completely different from the version in The Battle of Azeroth.
Here, we list all WOW Classic: Dungeon Levels features and all of the required levels you'll need to reach to enter dungeons in the vanilla version of WOW! Although each dungeon usually has a minimum level of requirements, it is rarely recommended to enter the dungeon at this level. Before entering one of these dungeons, it is best to wait at least 5-10 above this requirement.To get more news about wow gold classic, you can visit lootwowgold official website.
When playing to level 60, the dungeon is a good way to break some monotonic levels. As you move forward in the game, the dungeon is also a great way to get some equipment that takes you to multiple levels. However, you will need to find some players and enough WOW gold classic to assist you. Almost every dungeon needs a tank, a healer and some DPS to complete. You even need to meet the level requirements to enter the dungeon. Even in this case, it is usually not recommended to enter a low level.
WOW Classic: Dungeon Levels List
I included the minimum level required to enter any dungeon, and also
included the recommended level. If a dungeon is marked as a tribe or an
alliance, it only means that the particular faction can search for it
and be easy to access. You can still enter the dungeon as a rival
faction, which is much more difficult (must travel across the opposite
area/city) and you won't have missions related to the dungeon.
Although all of this should reach level 60, they also require you to be
well equipped to a large extent. If you don't have the equipment for
them, you will be trampled, so now choose the best place to buy WOW
classic gold. Keep in mind that the first phase of WOW Classic did not
provide all of these features.