Dovish Fed Keeps Driving the Dollar Down

Traders expecting Wednesday‘s FOMC meeting to reverse the dollar’s fortunes, received a rude awakening as a dovish policy statement continued to heap pressure on the USD.To get more news about WikiFX, you can visit wikifx official website.

With the economy showing little sign of recovery from the devastating Covid-19 driven recession that we currently find ourselves within, the Fed left interest rates at near zero levels and vowed to continue “acting as appropriate to support the economy.”

Jerome Powell also implored Congress to help stimulate the economy through supportive fiscal policy, but the ultrasensitive and divided US political landscape certainly doesnt help.

There‘s no way today’s FOMC statement can be viewed any way but as a dovish message to markets, with the Feds intention to maintain highly accommodative policy for “as long as it takes.”


Most likely were talking years here.

The actual July FOMC statement was little changed from June, but did feature the following addition: “The path of the economy will depend significantly on the course of the virus.”

The irony of the Fed speaking about there being no tradeoff between the US economy and public health on the same day that the countrys Covid-19 death toll ticked above 150,000, is not lost on me.

A devastating milestone that looks nowhere near a top, with California, Texas and Florida all also reporting record numbers of daily deaths.

“Even if the reopening goes well and many, many people go back to work, it is still going to take a fairly long time for parts of the economy that involve lots of people getting together in close proximity” said Powell in his accompanying, socially distanced, virtual press conference.With markets becoming increasingly addicted to stimulus, we know support means free money and as you can see below, the markets reacted accordingly.

The US Dollar Index (DXY) remains under pressure, reaching support not tested since 2018.

With the Best Performance

Recently the global stock markets soars with irresistible force, the Chinese and US stock market in particular. And driven by new economy, the Nasdak Composite Index hit record high many times, and it closed at 10,492.50 on July 8, another record close high.To get more news about WikiFX you can visit wikifx official website.

This decreased the pressure on USDs liquidity from the market and weakened the safe haven function of USD, putting continuous pressure on the US dollar index. In the short term, the index is more likely to test the low level of 95.716 recorded in May. If it fails to break the level, the index may challenge the low level of 94.650 happened on March 9.


Faced with a weakening US dollar index, non US dollar currencies bounced back in varying degrees. From a perspective in Macro trend, the Swiss Franc has the best year-to-date performance, up about 3.5% again the USD, ranking the first among all currencies. And safe haven Japanese yen ranks the third, up 1.34% this year, second only

The Swiss Franc performed extremely well because of the relatively stable situation of COVID-19 and better economic data in Switzerland compared with that of other European countries. Therefore, forex traders preferred the Swiss Franc to USD as a safe haven. And market estimates that the Swiss Franc will keep maintaining an edge in the second half of this year. In the short run, USD/CHF appears to approach the low level of 0.9181 of March or the low level of 0.9071 recorded in 2015.

It is estimated that cautiously optimism pervades the future Japanese yen market, another safe haven. Recent USD/JPY basically fluctuates at the range of 108.16-106.00, being approaching the level of 106.00. And it is likely to break the level and challenge again the major support level of 104.45.

Gold price hovers at a high level ready to approach 1,900 USD

Global spot gold price rose to 1,817.88 USD on July 8, hitting a 8-year high. Wholly speaking, gold price still hovers at a high level. According to the previous experience, it seems like the gold price hasnt peaked, and it is likely to hit a new high in the future and edges close to another major level of 1,900 USD.To get more news about WikiFX, you can visit wikifx official website.


I have traded gold for 30 years and know that there are many basic factors that can affect the trend of gold, as well as major ones including against the USD, trend of the USD, geopolitics and anti-inflation. Now the weak US dollar, geopolitical tension and easing monetary policy by global banks all contributes to further currency depreciation. Although the strong US stock decreases risk aversion, gold price will rally steadily and repeatedly due to the well support by other favorable factors.

It is remarkably that a sudden slump in global stock markets is profitable for gold price with an increasing risk aversion. Recalling the sharply drop in stock market in March, both gold and stock slumped by over US$250. As the stocks fall led to the liquidity squeeze of US dollar and further to sharp rise of US dollar index, causing the simultaneous sharp drop of both a group of non US dollar currencies and gold. Therefore, if the global markets collapse, do not easily believe that it is good for the gold price 100 percent.
Recently, according to a data released by the US, its inflation increase recorded a 8-year high, caused by the sharp recovery of oil price. If the inflation in the US becomes worse, the Fed still needs to simulate economy by maintaining lower interest rate, which is expected to support well the price of gold, as an anti-inflation hedge. In a short term, supported by the profitable factor above, the spot gold price is likely to test above the level of 1,840-1,850 USD, and then to approach the major level of 1,900 USD after giving back gains with a stable fluctuation.

The Way to Play World of Warcraft Classic on Mobile

The Way to Play World of Warcraft Classic on Mobile

 

With the release of “WOW Classic”, players have the opportunity to play WOW official’s popular MMO in their original, pre-expanded state, thousands of fans flocked into the game, because such high interest makes WOW official have to take a number of The login queue that the steps to solve was very long. On the first day, the number of viewers in this category on Twitch exceeded 1 million.To get more news about buy wow classic items, you can visit lootwowgold official website.

Now, WOW gold classic player has found a way to play WOW Classics by accessing games from a mobile device, even if they are not on the PC. Although games like WOW may not be very suitable for mobile games, players may need to use multiple functions, but the settings in this guide give him enough control to successfully deal with three enemies at a time – one does not A small feat in the “WOW” classic.

For those who want to be able to play games on their mobile phones, we also give an explanation of how to try. It is worth mentioning that although the methods involved do not clearly violate any of WOW official’s regulations, they do not formally endorse or provide a mobile version.

How to play WOW Classic on mobile

First, you need to install Steam Link on your mobile device and link it to your Steam profile. To do this, you need to be on the same network as your PC. If the scan does not happen automatically, go to the Steam settings on your PC, select the Remote Play tab, and click Pair Steam Link. Then select the “Other Computers” option on the Steam Link, which will give you the code you entered in the dialog.

Add WOW Classic as a shortcut in Steam on your PC. To do this, go to the “Game” drop-down menu, or click “Add Game” and select “Add Non-Steam Game”. You must add an executable that will launch WOW Classic directly, not just Battle.net. It can be found in the _classic_ folder of WOW installations – if there are multiple launchers, try using them until you find a launcher that can open the game directly and add it as a Steam shortcut 1.

Open the Steam link and choose to start playing. Open Settings in the upper right corner, then under Controller, select Basic Configuration and then select Desktop Configuration. From there select “Browse Configuration”, go to “Templates” and select “Keyboard (WASD) and Mouse” at the bottom of the list. This will ensure that you have access to the necessary controls for the game. If you launch WOW Classic and cannot use the WASD control, return to these settings and make sure the Keyboard and Mouse template is set as the default template.

Launch WOW Classic from the library. After playing in the game, open the “Options” menu at the top left of the screen, open “Layout Options”, and then add the WASD control. You can also arrange controls as needed. You can also change the mouse control scheme to whatever you like – we recommend using a direct cursor.

You can also turn on the settings in the game and change a few settings to make the mobile experience smoother, sometimes buy gold classic WOW can make things become easier. For key binding, we recommend that R and F move the hot bar up and down, while E recommends running automatically. You can also enable left-click interactions because right-clicking can be even more awkward. Change the graphics option to “Classic” because lower graphics can help the game run more smoothly with Steam Link.

What Are the Most Overpowered Twink Classes in Classic WoW

What Are the Most Overpowered Twink Classes in Classic WoW

 

Retail WoW has a lot of activities to explore outside of raids and dungeons. However, in Classic, not too many amateur players can participate. Twinking peaked in Vanilla WoW. Twinks are lower level characters, often leveled to the highest level of a battleground tier, that have maximized gear and are only used to participate in PvP. With the launch of Classic and the return of the inexperienced battlefield, twinking has returned to fashion. With proper equipment, expertise and enough classic wow gold, twinks are a force to be reckoned with in PvP. For anyone interested in exploring this hobby, here’s a list of 5 overpowered twinks in classic.
The level 19 hunter is an absolute beast. They have some of the most powerful equipment. Venomstrike, a blue bow and arrow from the Wailing Caverns, has a chance to cause additional 31-45 Nature damage to the target. Because elemental damage ignores armor, this weapon is like bringing a rocket launcher into a sword fight. However, little is known that the bow can be paired with a feather arrow, increasing by 9.5 DPS.To get more news about wow gold classic, you can visit lootwowgold official website.

Arrows come from quests above level 30 in the desolate area, but they can be sold at the auction house or given to your twink by your higher-level characters. Also, if you work hard to reach the glory of Timbermaw Hold, you can get +10 Stamina. Hunters have incredible explosive DPS potential and excellent survivability, making it the most OP in the 10-19 campaign.
Rogues in every bracket is vicious. The problem with level 19 rogues is that if they can’t complete the task in the corkscrew, they can easily be blocked by hunters and other remote level people. The trend began to turn at level 29. This is when they can access almost all PvP toolkits. The two key features they have in this bracket are Vanish and Evasion, which were not previously available.

Vanish is an amazing CC spoiler, making rogues invisible again. If the hooligan carries a flag, Evasion can help avoid dizziness or greatly improve survivability in teamfights. Even better, rogues have a lot of specification flexibility. They can delve into the assassination tree for wicked criticals, or try to use more balanced specifications to stun the defender’s play. The 29 well-engineered hooligans, even hunters, struggle to cope.
The best healer in the 10-19 scaffold is the priest. The priest is the perfect balance of offense and defense. They can get the most variety of healing spells at the lowest level. By the age of 19, the priest had renewal, treatment, and minor treatment. In terms of alliances, dwarves and humans have Desperate Prayer, an instant zero-spell spell in terrible situations. In addition, their Level 3 Power Word: Shield absorbs 166 damage, which is significant at this level.

Horde priests may be better, as the weak hex of the troll race will cause a devastating blow to the flagship by reducing healing by 20%. If their spells are not good enough, the priest can use a grave scepter at level 18. This wand has a hit rate of 29 DPS, much higher than other wands of this level. If the priest is also designated as a Wand Specialization, damage output can be combined with Shadow Word: Pain.

LED REPLACEMENT HEADLIGHT BULBS – H4 OR 9003


LED REPLACEMENT HEADLIGHT BULBS – H4 OR 9003

 

LED headlight bulbs produce more light, use less energy, and last much longer than halogen bulbs. These bulbs are easy to install, and feature a compact radial heat sink that requires less space than older style LED bulbs. The ballast, voltage control, and current monitoring circuits are built into the bulb for a simple compact & cleaner installation. White 6500K color temperature w/ (2) color films that can be added to change the light color – 3000K (yellow fog light applications), and 8000K (blue fog light or headlight applications). Most bulbs feature an adjustment screw that allows the bulb to be rotated to adjust the beam pattern on your vehicle. Sold (2) Bulbs per Package. Many late model vehicles will also require an optional CAN BUS decoder, so that the vehicle computer doesn’t show an error message on the instrument panel.To get more news about 9003 led headlights, you can visit iengniek official website.

Features:
Set of (2) LED Headlight Bulbs
Color Temperature: White 6500K
Light Output: 6000 Lumens
25 Watts Per Bulb
Compact Heat Sink Provides Extra Clearance in Tight Locations
Waterproof: IP65/67 Rated
Adjustable 360 Degree Bulb Rotation for Beam Pattern – Most Bulbs
Includes Color Films to Change Light Color – 3000K (Yellow) or 8000K (Blue) – Most Bulbs
Built-In Ballast, Voltage Control, and Current Monitoring Circuits
Many late model vehicles will also require an optional CAN BUS decoder, so that the vehicle computer doesn’t show an error message on the instrument panel.

Upgrading headlamps to LED bulbs sounds great but can pose problems

Upgrading headlamps to LED bulbs sounds great but can pose problems

Let’s look at your dim bulb first. Incandescent bulbs typically emit about the same amount of light until the moment they burn out, so renewing the bulb isn’t likely to help. What’s more likely is a fault in the circuit leading to the headlamp.To get more news about led headlight kits, you can visit iengniek official website.

With luck, perhaps there’s a loose or corroded connection at the headlamp electrical connector. Accessing the connector will require removing the headlamp housing, which is pretty easy to do. With the hood up, after removing a pin type retainer, the radiator side air deflector can be folded back a bit, allowing access to all three headlamp housing retaining screws. The housing can then be pulled forward, allowing bulb/connector inspection or replacement. It’s easiest to inspect/test the connectors by removing both high and low beam bulbs from the housing and setting the housing aside. A slight twist counter clockwise ([ turn) will disengage the bulbs.

You didn’t mention if it was just the low beam that is dim, or perhaps both low and high beams. There are three wires in each headlamp connector. If it’s just the low beam that’s dim, the blue/green wire circuit connected to the headlamp isn’t doing its job. If both high and low are affected, this should be easy; the black/grey wire leads to a possibly loose/corroded ground connection (G-101), the wire screws to the radiator core support right behind the headlamp housing.
Try also wiggling/inspecting the headlamp connector; if headlamp performance improves, a bad connection exists there. Look also for corroded or overheated terminals. Unplugging and reconnecting will clean the terminal connection slightly. If the connector terminals are in bad shape, connector replacement will be needed (wires are cut and spliced).

If it’s just the low beam that’s dim and the connector looks OK, the fault may lie in the body control module (the source of power for the low beams). Testing there for output voltage is likely a pro level job, this would confirm if its the BCM that’s faulty or possibly an issue with the blue/green wire.

I’d tread carefully if considering aftermarket/inexpensive headlamp housings. They are notorious for poor optics/glare. Look for good reviews and a generous return policy? Upgrading to LED bulbs sounds great but can pose problems as well. The placement of the light emitted may not match the original bulb, again causing glare/alignment issues. I tried a set of these a few years back and they were exquisitely bright, so much so that I had to remove them due to antagonizing oncoming drivers.

China’s VC industry bounces back after coronavirus-induced winter

China’s VC industry bounces back after coronavirus-induced winter
Chinese firms recorded 66 venture capital deals for the week ended March 28, the most of any week in 2020 and just below figures from the same time last year.To get more news about china industry research, you can visit acem.sjtu.edu.cn official website.

It’s a sign that the VC industry in the rest of the world could also mount a quick recovery from travel restrictions and other measures that have made investing more challenging. In the first six weeks of the year, deal volume and capital raised in China had fallen more than 60% compared with the same period last year, according to PitchBook data.

But any optimism should be tempered with a note of caution. If a second wave of the virus were to hit China, stringent lockdown measures would be reinstated and deal activity would most likely dive again, said Alex Frederick, an emerging tech analyst at PitchBook.Containment measures intended to slow the outbreak sharply curtailed many of China’s hallmark industries, notably manufacturing and logistics. But it has also drawn attention to new opportunities.

Two sectors that have seen an uptick in VC deals include advanced manufacturing and edtech, Frederick said. Last week, Chinese online education startup Yuanfudao hauled in $1 billion at a $7.8 billion valuation, according to Reuters, at a time when the world is rethinking the merits of remote teaching. And Chinese software companies have fared particularly well in recent weeks, with the industry claiming nearly a third of all deals in the country.

The rebound is a welcome sign for startups and investors in the US and Europe, who are now seeing investment activity begin to slide. In the last week of March, the number of deals in the US was down some 26% compared to February’s weekly average, according to PitchBook data.That activity is likely to slow much more in the coming weeks as the US grapples with more official cases of COVID-19 than any other country. There is a natural lag time between when deals are made and when they are announced publicly.
If investors are able to find deals, there’s money to fund them. Globally, venture capitalists had around $188.7 billion in dry powder as of mid-year 2019, according to a recent PitchBook analyst note on COVID-19′s Influence on the US VC Market. That works out to more than two-and-a-half years of capital on hand.

Investors may also find that the market turmoil will make for new opportunities. During the Great Recession, the share of companies raising money at lowered valuations grew sharply, according to the analyst note. Investors also tend to demand more protection in deals during downturns, such as liquidation preferences and dividend rights.

‘Make in India’ looking to take on China’s tech industry

‘Make in India’ looking to take on China’s tech industry

 

It has been a bad year for Chinese businesses working around the globe. Tariffs and the trade war between China and the US forced many companies to rethink supply chains and where they make and sell goods. Many other companies have been looking for alternatives because of the increased labor costs and more strict environmental laws. But that was just the beginning of China’s problems. To get more news about chinese industry and management practice, you can visit acem.sjtu.edu.cn official website.
The COVID-19 pandemic started in the country, led to shutdowns and forced people to stay at home. As it spread, factories, shops, restaurants and schools around the world were closed. Millions lost their jobs and economies went into tailspins. Though some countries are again open for business, recovery will be slow and painful. Talk of recession is everywhere.
China has come under scrutiny as the source of the virus and as a place to do business. The US has been most vocal, but they are not alone. Other countries are looking to shore up their own manufacturing and businesses are looking for the path of least resistance.
On May 12, the prime minister, Narendra Modi, announced that his government would provide 20 trillion rupees (€242 billion, $266 billion) in help to stabilize the economy. Part of the plan is around $60 billion of loan guarantees for small businesses, lenders and power companies.
Overall the plan will “focus on land, labor, liquidity and laws,” said Modi. Besides stabilizing the economy, he hopes this will also make India a more attractive partner. “These reforms will promote business, attract investment and further strengthen ‘Make in India’,” he said.
A technological solution
One way India wants to overtake its neighbors is with a new incentive program put in place in April called the “Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing.” The plan targets makers of mobile phones and certain electronic components by offering them financial incentives to start or build up their existing domestic manufacturing capacity.
The program will pay tech manufactures an incentive of 4-6% on incremental sales of goods manufactured in the country for five years starting August 1. To get the most out of the program, manufacturers have to make at least $10 billion worth of goods between 2020 and 2025.
According to the government the country’s share of global electronics manufacturing has gone from 1.3% in 2012 to 3% in 2018. The program is meant to increase that even more by compensating business for the country’s “lack of adequate infrastructure, domestic supply chain and logistics; high cost of finance; inadequate availability of quality power; limited design capabilities and focus on R&D by the industry; and inadequacies in skill development,” according to the official notice printed in The Gazette of India.
Though limited to a small sector of the overall economy, the scheme may already be having an impact. Last week it was reported that Apple may move some of its production out of China to India. It would be the first big tech company to take advantage of the new government scheme.
So far Apple has been quiet on the matter, but India’s The Economic Times picked up the story and reported that the company is in talks with government officials about making up to $40 billion worth of iPhones over the next five years by ramping up production at their current contractors Wistron and Foxconn.
“India isn’t a big market for Apple as the company sells only a fraction of its total output in India. It is actually looking at India as a base to manufacture and export, essentially diversifying its production out of China,” a senior government official was quoted in the newspaper.
If reports are true it could turn Apple into the country’s largest exporter. It would also mean that the company is moving around 20% of its current Chinese production to India. In China, Apple made products valued at $220 billion from 2018-2019, a majority of which it exported.
Though this program comes at a time of economic disorder, the foundations were actually laid during calmer times in December when Modi met with executives from Apple and Samsung. Yet it is now more important than ever to attract big contracts if India wants to turn the current globalization upheaval to its own advantage.

China’s economy has rebounded after a steep slump

China’s economy has rebounded after a steep slump

 

China’s economy returned to growth in the second quarter after a deep slump at the start of the year, but unexpected weakness in domestic consumption underscored the need for more policy support to bolster the recovery after the shock of the coronavirus crisis.To get more China economy news, you can visit shine news official website.

Asian share markets and the Chinese yuan fell, partly reflecting the broad challenges facing the world’s second-largest economy as it grapples with the double-whammy of the pandemic and heightened tensions with the United States over trade, technology and geopolitics.

Gross domestic product (GDP) rose 3.2% in the second-quarter from a year earlier, the National Bureau of Statistics said on Thursday, faster than the 2.5% forecast by analysts in a Reuters poll, as lockdown measures ended and policymakers ramped up stimulus to combat the virus-led downturn.The bounce was still the weakest expansion on record, and followed a steep 6.8% slump in the first quarter, the worst downturn since at least the early 1990s.

“As we previously highlighted, policy support is still needed despite recovering growth momentum,” Betty Wang, ANZ bank’s senior China economist.

“The possibility of resurgences in local COVID-19 cases, global economic uncertainty and the deteriorating China-U.S. relationship all pose downside risks to China’s H2 growth outlook,” Wang said.

Those risks were partly reflected in separate retail data that showed Chinese consumers kept their wallets tightly shut, pointing to a bumpy outlook at home and overseas, as many countries continue to grapple with the COVID-19 pandemic – led by surging infections in the United States.

Though June indicators and GDP numbers largely beat expectations, Rodrigo Catril, a foreign exchange strategist at NAB in Sydney, said they also revealed “the China consumer remains behind in terms of the recovery story.”

“It’s very much a story of government stimulus-led recovery, which is very much focused on the industrial side. The consumer remains very cautious. That cautiousness is something the market is looking at in terms of countries where the consumer plays a bigger role, so that’s obviously relevant for the U.S. as well.”

Retail sales were down 1.8% on-year in June – the fifth straight month of decline and much worse than a predicted 0.3% growth, after a 2.8% drop in May.

Domestic job losses have been one of the worries for consumers, as many businesses struggled to stay in the black.

Wanda Film, for example, China’s largest cinema chain operator which has more than 600 cinemas, on Tuesday warned of a first half net loss of 1.5-1.6 billion yuan (£170.4-£181.6 million), after the coronavirus kept its cinemas shut for almost the entire period.