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Stocks in Asia were poised to follow U.S. equities lower after an unexpected rise in jobless claims rekindled concern the economic recovery has stalled. Treasuries rose.To get more news about Expert 24 Trade, you can visit wikifx news official website.
  The first uptick in jobless claims since March comes as Congress negotiates a new relief package for millions of Americans who are set to lose enhanced benefits at the end of the month. Other worrying signs of the U.S. economy slowing added to concern that the growth in some areas will peter out.
  “The recovery is in place, but the labor market is really, really fragile,” said Gene Goldman, chief investment officer at Cetera Financial Group. “That‘s going to weigh on the markets and it’s going to weigh on consumers for a long time.”
  Elsewhere, the yield on 10-year Treasuries fell to 0.58%. Crude ticked up, while precious metals continued their torrid run of gains that have taken gold and silver prices to multi-year highs.
  In Europe, the yield on Italy‘s benchmark bonds fell below 1% for the first time since March amid euphoria over the Europe Union’s pandemic recovery package.


  Former New York Fed President William Dudley discusses the state of the U.S. economy and need for further stimulus for citizens and businesses.
buzai232 Jul 24 '20, 02:51AM
Stocks on Wall Street ended on a gloomy note. The Dow Jones, S&P 500 and Nasdaq indices closed 1.31, 1.23 and 2.29 percent lower, respectively. In the S&P 500 benchmark, information technology took the hardest hit, specifically under the technology hardware, storage & peripherals subcomponent. Apple Inc – the second largest company in the indexs weighting system – fell and helped drag the S&P 500 lower.To get more news about Expert 24 Trade, you can visit wikifx news official website.
Amazon and Microsoft – also considered to be index heavy weights – were also steeped in red which contributed to the overall decline across US equity markets, specifically for the technology sector. Stocks were hit hard after initial jobless claims data – a highly-scrutinized statistic amid the pandemic – showed a worse-than-expected print.
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  These claims jumped by 1416k, far above the 1300k estimate and reinforced fear about the severity and duration of the virus-induced recession. Secretary of State Mike Pompeo gave an arguably provocative speech on US-China relations shortly after the government ordered the shutdown of the Chinese consulate in Houston. Beijing has vowed to retaliate but has not made it clear how.
  Fridays Asia-Pacific Trading Session
  Asia-Pacific trade brings a light raft of economic data which will likely then put the focus for investors on fundamental themes. Escalating US-China trade tensions will likely continue to dampen sentiment and punish-cycle-sensitive assets like AUD and NZD while giving a tailwind to USD and JPY. Sentiment-linked commodities like crude oil may also suffer with the risk of gold and silver retracing some of their recent gains.
  AUD/NZD Analysis
  AUD/NZD has struggled to break above a five-year descending resistance channel despite spiking 6.30 percent from the March lows. The rejection at the slope of depreciation with follow-through could signal the start of a broader decline. Downside momentum may slow at the first layer of support at 1.0521, but if selling pressure remains acute it could open the door to testing a secondary substrate at 1.0484.
buzai232 Jul 24 '20, 02:43AM
ndias lenders and their shareholders are playing a dangerous game of hide and seek.To get more news about Expert 24 Trade, you can visit wikifx news official website.
  Financial firms need to raise a record amount of capital, something they would like to do before the central bank‘s Covid-19 moratorium on repayment ends next month and they have to disclose a big jump in bad loans. So they have an incentive to pretend that their borrowers have become miraculously stress-free. Investors know this and are trying to ferret out bad news. Valuations are sliding, and if policy makers have a plan for rescuing this vital industry, they’re keeping it close to their chests.
  In March, the central bank told lenders they could stop collecting from borrowers for three months after Prime Minister Narendra Modi put a stop to most economic activity to contain the virus. Since then, the regulator has extended the timeout by another three months. But as they announce their June quarter figures, lenders are under pressure from the stock market to show how most of their customer accounts have become regular again after the lockdown was relaxed May 10.
  Axis Bank Ltd. shares jumped more than 7% in Mumbai on Wednesday after it said loans under moratorium were down to 9.7% by value from 28% in May. It wants to raise $2 billion to boost its capital buffers after S&P Global Ratings cut its debt rating to junk. Non-bank financier Bajaj Finance Ltd. disclosed that a little under 16% of advances are frozen, a drop from 27% at the end of April. This improvement, however, failed to cheer investors because at least some of it came from tweaking term loans to “flexi” arrangements where borrowers only need to pay interest for one or two years.
More broadly, analysts are finding it hard to swallow the sudden unfreezing, given that an average of 38% of the book for mortgage financiers and 64% for auto lenders was at a standstill in May. Customers paying just the June installment would get off the list of accounts under moratorium, “even if they have not cleared the past dues,” says Elara Securities India Pvt.
  Sanford C. Bernstein & Co. analyst Gautam Chhugani has identified two other strategies. The first is to simply deny deferment requests and keep auto-debiting customer accounts. The other method is to help wobbly borrowers with fresh funds, so “the underlying health of the loan won't be known for a long time until 2021,” he says.
  The pandemic has given banks tools to do this. Lenders have approved $17 billion out of a $40 billion state-guaranteed small-business credit program. Media reports suggest part of the money has gone to borrowers on the condition that they repay old loans. Shadow banks, especially ones exposed to troubled property developers, are hawking new bonds. Banks can use the monetary authoritys funding-for-lending program to buy the notes. Here again, they want financiers to keep servicing existing bank debt.
  At $1.4 trillion, advances by India‘s top banks and other lenders are broadly unchanged from a year earlier. While stagnation in loan growth is only to be expected in a shrinking economy, what’s also worrying is that financiers accounting for three-fifths of the credit are being judged by investors to be worth less than their assets. Its a sharp deterioration from a year ago, when 40% of institutions by total loans were trading below book value.


Dismal valuations will stop many state-run banks from joining the fund-raising party, which may top $10 billion this year, almost double the record $5.2 billion in 2017. The government must come to the rescue. Economists at State Bank of India suggest lowering the minimum capital norm to 8% from 9% of risk-weighted assets, and deferring the rainy-day capital conservation buffer.
  Those two measures will save almost $40 billion. That's not enough capital. Delinquent corporate debt, which was weighing India down even before the coronavirus, is getting heavier. India Ratings and Research Pvt., a Fitch Ratings affiliate, has pegged additional loan-loss costs from 500 heavily indebted firms at $30 billion, a conservative estimate because bankruptcy courts aren‘t taking new cases and asset buyers are looking to wriggle out of commitments. To this, add the post-Covid slide in small firms’ fortunes, as well as losses on micro credit and other individual loans.
  Even if a bad bank is set up to take problem loans out of the financial system, the discounted price at which it will buy them means that private capital will have to absorb chunky losses. No amount of gloss by bankers can hide the stress for too long. The market will eventually find it.
buzai232 Jul 24 '20, 02:31AM
Last week, an analysis was reported by some renowned news media, pointing out the “death cross” in the daily chart of the U.S. Dollar Index (DXY). Such cross occurs when the 50-day moving average crosses below the 200-day moving average. It also predicted that DXY is possible to slump.To get more news about Expert 24 Trade, you can visit wikifx news official website.
  Such bearish technical formation which reflects future market trend, from my point of view, is not worthy of worry. The reason lies in the results of the same situation last time. On December 30, 2019, the “death cross” occurred. In an ironic twist, however, DXY rebound dramatically to 99.91 after it reached its bottom at 96.35.February 21 witnessed a golden cross when the 50-day moving average rose above the 200-day moving average. Ironically, DXY plunged to 95.00 after it peaked at 99.91.
  Such golden cross and death cross occurred are both wildly inaccurate. The theory as a joke may be accurate once the viewpoints are exchanged.


In the session of technical analysis, I‘ve shared my opinions on the crossovers and held that the 50/200 crossover is not the best-performing moving average (keep you guessing). Thus, I won’t adopt the death cross to estimate how DXY performs in the future market.
  DXY came under downside pressure in the short run because of the bullish trend in U.S. stock markets rather than the rationales proposed by Roach, nor the death cross occurred. In addition, such divergence between DXY and U.S. stock markets will be dominant over the short term, with its references among the three U.S. stock indices lie on the DJIA and the S&P 500 rather than the Nasdaq composite index. Thus, it is necessary to analyze the continuing effect of the two indices on DXY in the short term. But in the long run, the main factors affecting DXY will remain to be traditional basic ones such as politics, economics and monetary policies.
buzai232 Jul 24 '20, 02:20AM
EUR/USD, GBP/USD, and USD/JPY Technical Analysis & Forecasts!

EUR/USD extends its bullish momentum, most likely it will reach new highs as the US Dollar Index could drop deeper. The USDX is traded at 94.84 level, the next critical downside obstacle stands at 94.65, personally, I believe that the index will hit this level soon.To get more news about Expert 24 Trade, you can visit wikifx news official website.
  You should keep an eye on the economic calendar today as the US is to release the Unemployment Claims data, the indicator is expected around 1300K in the previous week, while the CB Lending Index could increase by 2.1%, versus 2.8% in the previous reading period.
  EUR/USD is traded at 1.1585 level, below 1.1602 yesterdays high, the price tries to come back above the 1.1600 psychological level again, it remains to see what will happen later as the Euro-zone Consumer Confidence will bring high volatility.


You can see that the USDX is almost to reach the 94.65 static support level, the 50% Fibonacci line is seen as strong support as well. A bounce back, rebound from the confluence area formed at the intersection between the 50% line and the 94.65 will signal that the USD will strike back, will appreciate again versus its rivals.
  The current downside movement will be ended if the USDX will make a reversal pattern right on the 94.65 level. A valid breakdown below the 50% line and below the 94.65 will validate a further drop, this scenario will signal that EUR/USD and the GBP/USD will reach new highs in the upcoming period.
Ive said yesterday that, EUR/USD will approach and reach the first warning line (WL1) of the former descending pitchfork after aggressive breakout above the 1.1495 level, static resistance. The pair is trading in the green and most likely it will hit the warning line (WL1) in the upcoming hours.
  A valid breakout above the WL1 will confirm further growth towards new highs, so we may have another long opportunity, while a false breakout, rejection, will signal a minor drop towards the 1.1495 in the short term.
GBP/USD is traded at 1.2746, it has managed to close above the 61.8% retracement level, so the next upside target is seen at the median line (ML) of the major ascending pitchfork. The pair is trapped within an up channel, between the 50% Fibonacci line and the median line (ML), so the outlook is bullish.
  A consolidation, stabilization, above the broken 61.8% level will suggest buying again with a first potential target at the median line (ML) of the ascending pitchfork. Only another false breakout above the 61.8% level will invalidate a further increase and will bring a short opportunity in the short term.
USD/JPY has closed again above the 107.00 psychological level and now is pressuring the 50% Fibonacci line of the descending pitchfork. A valid breakout above this dynamic obstacle will announce a potential rally towards the upper median line (UML).
  The 106.60 is seen as a critical support level, a downside breakout will suggest selling, but the price has failed to reach this level again signaling a potential upside movement in the short term.
  USD/JPY has failed to reach and retest the median line (ML) in the last attempts, so a bullish momentum is favored, the first target is represented by the UML, well have a larger upside movement only if the pair will take out this dynamic resistance.

buzai232 Jul 24 '20, 02:11AM
World of Warcraft is losing players, and the players that have stuck with the video game are aging.So, just ahead of World of Warcraft's 15th anniversary, Activision Blizzard is going retro.To get more news about Buy WoW Items, you can visit lootwowgold news official website.
The company launched World of Warcraft Classic Monday, a nostalgic version of the multiplayer online roleplaying game, in which players can adventure as orcs and elves, among other characters.World of Warcraft Classic returns things to the way they were when the game first launched in 2004.It will be available for no additional charge to current subscribers to the game.

Classic WoW is no walk in the park.
Players must manually search for others to team up with for massive raids that involve 40 people communicating and working together — moments that have led people to make real-life friends.
Traveling from town to town will take time. The graphics are significantly pared back to resemble the original.We really approached this as almost like an archaeological dig. 'What was it like back then?'" said John Hight, World of Warcraft's executive producer and vice president.
"We're carefully scraping the dust off the dinosaur bones and bringing it back to life."
The company said interest in World of Warcraft Classic was so strong that it overwhelmed Blizzard's servers.
More than 2 million players created characters in anticipation of the launch, Blizzard said.Although there are over 140 million accounts on World of Warcraft, the game currently has just five million individual subscribers, data collector Statista estimates, down from the 12 million players the game had back in October 2010.
That represents an opportunity: Activision Blizzard is betting on nostalgia to bring back some older players and to lure new ones.
"We have this audience that played it originally, and they want to come back, and then we have this new audience that has never played it and they want to check it out," said Hight.
"What will be interesting to see is in the months to come, who stays with it."
Because WoW has lost millions of subscribers, the potential market for World of Warcraft Classic is huge, noted Will Partin, a doctoral candidate studying the gaming industry at the University of North Carolina, Chapel Hill.
"The big challenge is that many of the players who left WoW left because life took over and their priorities shifted," said Partin.
buzai232 Jul 24 '20, 12:56AM
People are used to thinking about the old. Throughout the versions of Warcraft, although each version has a sound of praise and demeanor, and compared with the earliest classic one, the current Warcraft is already another game in the degree of delicacy. But in contrast, the initial rough has become the most classic version.To get more news about WoW Gold Classic Cheap, you can visit lootwowgold news official website.

Just as some people like to listen to the old songs, some people love retro costumes, there will be lots of old players joining in at the opening of World of Warcraft Classic. It has been 15 years from the vanilla era in 2005 to the latest Warcraft. And the classic old age seems to be far away, like the adventures of ignorant teenagers in another world. Warcraft’s most prosperous period is level 60s, which is a milestone in MMO games. The background of the Official World of Warcraft Classic is also attached to the level 60’s version, which is the first big version of World of Warcraft, creating a new world for us. In this world, people who went in couldn’t get out, and those who got out couldn't forget it.

The classic plots can't be forgotten; the career quests can't be forgotten; the night specializing in talent tree can't be forgotten; the simplicity, kindness and blood times can't be forgotten; the brothers who were playing together couldn't be forgotten; and also the 'ME' who could hold on to one thing for so long, can't be forgotten...

The days used to be very slow, and at that time, we, in World of Warcraft, were interested in long time leveling and risking adventure as residents of Azelas.

Do we really need the Classic?

There are different views on the opening of World of Warcraft Classic. The straight leveling up, the flying mounts and the random raids have saved us a lot of time. And this is the regular pace of life. Then why the players like the classic version? In fact, there are a large number of loyal players of blizzard who do not want to follow the current version to keep moving forward, but choose to stay in a fixed version of the game in their own way. Maybe because most of the people who played Warcraft were students and now they are already the head of the family. They no longer have the energy to accept new things, but miss the past, so classic is the best choice.

A few years ago, an old player said that if there were a classic version, he would create a new account and then point to the dazzling items maps and tell his son one by one.

A Stop N Shop in Irving sold a $1 million lottery ticket to a local resident.Sandra Heard Blanton claimed a second-tier prize of $1 million in the Texas Lottery scratch ticket game Instant Millionaire.Get more news about 彩票包网平台,you can vist loto98.com

"I felt like I wasn't looking at it right; I was in disbelief," Blanton told the Texas Lottery."I stopped scratching midway through to see if I really won and then when I realized I did, I started hollering at the lady at the cash register to let her know. I went back to the house and called all of my children and grandchildren. They thought I was joking."

Blanton claims to previously have won at least $1,000 on multiple occasions, including $2,300 on one occasion.Blanton's prize was the 23rd of 40 second-tier prizes worth $1 million to be claimed.
buzai232 Jul 24 '20, 12:37AM
Two people are in custody in Flowood accused of trying to claim a $100,000 lottery prize with a fake scratch-off lottery ticket.Get more news about 彩票包网,you can vist loto98.com

Bond was set Tuesday for the two by a Flowood municipal judge. Odis Latham, 47, received a $51,000 bond, and Russell Sparks, 48, was given a $21,000 bond during their initial court appearance via video conference from jail. They both pleaded not guilty. Sparks is scheduled for a preliminary hearing Thursday. No date has been set for a preliminary hearing for Latham.

Latham and Sparks, 48, both of Columbus, were charged with conspiracy to commit a felony and uttering a counterfeit instrument over $1,000. Latham was also charged with false ID Information.

Mississippi Lottery Corp. spokeswoman Meg Annison said the two individuals came to the lottery headquarters in Flowood Monday morning seeking to claim the prize.Annison said lottery officials immediately determined the ticket had been altered. It appeared glue had been used.

Annison said the Lottery Corp. has measures in place to ensure a ticket is legitimate, including a bar code.

Sgt. Adam Nelson of the Flowood Police Department said about 9:20 a.m., Flowood police received a call from the Mississippi Lottery Corp. in reference to two adult males attempting to pass a fake lottery ticket.

Flowood officers arrived on scene moments later and took both subjects into custody. After speaking with lottery officials, officers learned that the suspects presented a $100,000 ticket that had been altered by gluing the winning numbers on the ticket that matched the prize. The ticket was signed and presented to the commission for payment.
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