دوشنبه 26 خرداد 1399  09:38 ق.ظ

After last weeks riots, many people compared the current chaos to that of 1968: a global pandemic, ethnic conflict and political upheaval. That year, Martin Luther King and Robert Kennedy were assassinated, the presidential campaign between Nixon and Humphrey highly polarized US political circle, protests broke out across the United States, and the H3N2 flu, which turned into a global pandemic, killed nearly 100,000 Americans and millions around the world.To get more news about WikiFX, you can visit wikifx news official website.
  At that time, the US stock market was quite similar to what it is now-the stock index has risen amid in turmoil. Between January and March 1968, the S&P 500 fell 9%, but the market has since rebounded by 24%, and up 7.6% for the year. Also, in the months after the assassination of President John F. Kennedy in 1963, the civil rights movement in Alabama in 1965, the War of Resistance in Washington, D.C., in 1967, and the Los Angeles riots in 1992, the volatility of US stocks remained unchanged. Moreover, the S & P 500 has recorded gains in these years, ranging from 4% to 20% after dividends.
  These past cases remind us that the stock market and social and political events are not always linked. We may even say that the problem of social unrest has little long-term impact on the market. One reason is that the market is forward-looking, so it’s not just about the current situation. On the other hand. The Fed is propping up an economy hit hard by the epidemic with unprecedented intervention. Since the end of February, the Fed has poured nearly $3 trillion into financial markets, boosting stocks and overshadowing other market forces.
  It is worth mentioning that, like 1968, this year is also an election year in the United States. Some industry insiders point out that if there was any reason why asset prices survived the terrible year in 1968, the election may be one of the important reasons.

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Doubts remain whether today‘s OPEC+ meeting will take place, with no official confirmation one way or another to guide traders. The meeting was originally set for June 9-10 but talk surfaced late-May that the meeting could be forward to today to announce an extension of April’s production cuts. The 9.7 million barrel per day production cut runs out at the end of June and market talk is that OPEC+ members may extend these cuts for another month to help balance faltering demand.To get more news about WikiFX, you can visit wikifx news official website.
  Crude oil has rebounded sharply off its late-April low with little in the way of any consolidation. A series of lower highs highlight the recent positive sentiment in the space and recent price action has taken crude to the bottom of a gap on the daily chart made between March 6 and March 11 this year. Followers of gap trading normally look for any gap to be filled as there is little in the way of support or resistance to slow the move. The daily chart shows the gap between $36.59/bbl. and $41.94/bbl. and the lower level continues to temper a full re-trace of this gap. The CCI indicator shows the oil market in overbought territory and there needs to be a positive fundamental driver to push oil higher through this resistance to faciltate further gains. If OPEC+ cuts are extended, and the market retains its overall risk-on sentiment, then a break through $41.19/bbl. would set up the 61.8% Fibonacci retracement level at $43.36/bbl. as the next target ahead of the 200-dma, currently at $44.79/bbl.

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.
  What is your view on Crude Oil – bullish or bearish? You can let us know via the form at the end of this piece or via Twitter @nickcawley1.

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دوشنبه 26 خرداد 1399  09:09 ق.ظ

Wall Street ended the day mostly in red, with the S&P 500 and Nasdaq indices closing 0.34 and 0.69 percent down, respectively. Crude oil prices ended the day modestly higher though gold and bond prices fell. Foreign exchange markets showed a somewhat mixed picture. The anti-risk Japanese Yen was down against its G10 counterparts along with the Canadian and US Dollars while SEK and NOK relaxed in the green.To get more news about AXNFX, you can visit wikifx news official website.
  US jobs data soured sentiment and temporarily pushed the anti-risk US Dollar higher against its counterparts. Initial jobless claims came in higher than expected at 1877k, over 40k more than the 1833k estimate. The prior number was also revised to show a 3k increase from 2123k to 2126k. These statistics sent a chilling reminder to buoyant investors that the consequences of the coronavirus pandemic have yet to be fully revealed.
  The Euro soared for an eighth consecutive day, resulting in its longest winning streak since 2011 following the ECB rate decision. Monetary authorities surprised markets after they announced an unexpectedly-large increase to its emergency purchasing program known as the Pandemic Emergency Purchase Program (PEPP) by 600 billion euros.
  EUR/USD closed almost one-percent higher and is at its highest point since March. Investors likely cheered the central banks efforts to support growth, boosting equities and sinking USD. The extra stimulus also pushed sovereign bond yields lower on debt issued by economically distressed states like Italy that were hit particularly hard by Covid-19 and helped lift the Euro.
  Fridays Asia-Pacific Trading Session
  With a bare data docket ahead, foreign exchange markets will likely place their focus on macro-fundamental risks. Asia may inherit the mixed dynamics of Wall Street which could see AUD and NZD trim some of their gains along with emerging market FX. Fading market optimism may result in a pullback from an impressive rally in sentiment-linked assets and could push the anti-risk Japanese Yen and US Dollar higher.
  AUD/JPY Analysis
  Since mid-late March, AUD/JPY has surged over 20 percent after bottoming out at an 11-year low at 66.046. The pair is now at the lower tier of a key inflection range between 75.925 and 76.320. If AUD/JPY is able to clear it with follow-through, this could lead to a retest of former support-turned-resistance at 77.736. However, if the pair is unable to clear 79.925, capitulation could inspire additional sellers to enter the market.

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دوشنبه 26 خرداد 1399  08:56 ق.ظ

Trading variety recommended today is: EUR/USD (up: 7 days, overnight change: 0.56%, fluctuation: 0.81%)
  The correlation coefficient of EUR/USD and EUR/JPY reaches 0.97 during this period, and below are some trading tips for investors.To get more news about Binomo, you can visit wikifx news official website.
  u Hedging: when buying one 1 standard lot of long/short position EUR/USD, hedge with 1 standard lot of EUR/JPY in the opposite direction.
  u Portfolio diversification: When investing in EUR/USD, avoid the high-correlation varieties and invest in other forex varieties less relevant to EUR/USD.
  u Risk distribution: when buying one 1 standard lot of long/short position EUR/USD, couple with 1 standard lot of EUR/JPY in the same direction.
  u Today’s special reminder for investors: Eurozone service industry PMI final reading will be released at 16:00, Eurozone’s April monthly retail sales at 17:00, and the main refinancing rate of the European Central Bank to June 4 released at 19:45.
  From WikiFX, a world-renowned forex trading inquiry service provider. For more information, please download:
WikiFX News (5 June)-The European Central Bank released the latest monetary policy decision yesterday, and EUR/USD rose significantly while the ECB Chair Lagarde was still speaking.
  ECB Commissions latest decisions include increasing the Pandemic Emergency Purchase Programme (PEPP) by 600 billion euros to 1.35 trillion euros. Net purchase under this programme will be extended to at least the end of June, 2021. The principal payments from maturing securities under the scheme will continue to be reinvested until at least the end of 2022.
  The ECBs projection for EUR/USD rate is 1.09 in 2020 and 1.08 in 2021-2022.
  EUR/USD shortly spiked 67 pips after the decisions were released and then slightly dropped back. Later it grew again during Lagardes speech at the press conference.
  From WikiFX, a world-renowned forex trading inquiry service provider. For more information, please download:

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دوشنبه 26 خرداد 1399  08:41 ق.ظ

Of course, we continue to pay attention to the second round of EU-UK trade negotiations that began today, but on the eve of the negotiations, the EU s chief negotiator Barnier warned Britain that should it fails to comply with its commitments, there may be a no-deal Brexit. Therefore, the financial market remains extremely worried that failing to reach a relevant agreement by the two parties will result in a Brexit without a trade agreement when the transition period is over at the end of the year. Of course, the pound may rebound if there is a dramatic turnaround, but the outlook is still pessimistic.To get more news about WikiFX, you can visit wikifx news official website.
Regardless of whether the UK and the EU have reached an agreement in trade negotiations, the new coronavirus has caused the worst economic blow to the UK in 100 years. Therefore, forex traders generally believe that the Bank of England will implement negative interest rates in the future to stimulate the economy.
  In order to support the weak economy, the British fiscal deficit and even the overall debt have deteriorated seriously. At present, the overall borrowings of the United Kingdom exceeds US$ 2.5 trillion, the highest annual deficit since World War II. The related deficits and debts have skyrocketed, which only add to the already huge burden of Britain with little reserves. Therefore, it is generally predicted that the British government will increase taxes in the future with few options at hand, which will hit the economy even more.
  Affected by the above situations, the implied volatility of the three-month pound sterling is higher than the forex volatility index, while the net short position of the pound has continued to rise, both reflecting the continued pessimism of the forex market towards the pound.
  The dollar will fall in the short term due to domestic turmoil, and if the European-British negotiations really see a dramatic turnaround, it’s likely that the GBP/USD will rise from the previous 1.2650 and then fall back to the 1.1960 level. Judging from the overall trend, I think there is still a chance for the pair to retest the low of 1.1400 in the second half of the year.
  [About The Author]
  Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.
  Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.

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دوشنبه 26 خرداد 1399  08:08 ق.ظ

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دوشنبه 26 خرداد 1399  07:57 ق.ظ

Gaming mogul Stanley Ho passes away at 98

Gaming mogul Stanley Ho Hung-sun, has passed away this afternoon at about 1:00pm, Hong Kong media reported.To get more news about stanley ho and wives, you can visit shine news official website.

Ho had been under medical care for months at the Hong Kong Sanatorium & Hospital kidney dialysis and after his physical conditions started to deteriorate, his family was informed to come to the hospital and expect the worse.

His second wife, Lucina Lam King Ying, third wife, Ina Chan Un Chan and fourth wife, Angela Leong On-kei were said to have been at the hospital.

The 98-year-old will forever be remembered for his gaming monopoly in Macau under Sociedade de Turismo e Diversões de Macau (STDM) exclusive concession until 2001 and seen as the godfather of gambling in Macau, Ho lived a colourful personal life and left his mark as being the man who dominated the city’s casino empire for four decades.

With several of his 17 children continuing to stay in the business, the Ho legacy continues to live on in many different forms.Born in 1921 as part of the Ho Tung clan, one of Hong Kong’s most prestigious families, Mr. Ho faced hardship early in life when his father Robert Ho-tung had lost his fortune during the great depression and abandoned his family.

Two of Ho’s brothers committed suicide.

Ho won a scholarship to study in Hong Kong University but was forced to abandon his plans when World War 2 forced his family to flee from the Japanese to Macau.The Sir Robert Ho Tung Library was purchased in 1918 by Stanley Ho’s father, who lived there between 1941 and 1945. It was converted into a public library in accordance with Robert Ho-tung’s will.

Ho began working at a Japanese owned import-export firm in Macau, and made his first fortune smuggling luxury goods into China in World War 2.

He later set up a kerosene company in 1943 and profited from the post-war construction in Hong Kong.

In 1962, Stanley Ho won monopoly rights over gambling in Macau as part of a consortium with Teddy Yip, Yip Hon and Henry Fok, taking over a monopoly that was held by Tai Hing Company since 1934.Ho retired as Chairman and Executive Director and as a member of the Executive Committee of the Board of the Sociedade de Jogos de Macau (SJM Holdings) on June 12, 2018.

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دوشنبه 26 خرداد 1399  07:44 ق.ظ

The ‘four evils’ are still out there

APART from protectors and god-like creatures, there are also evil-beings in Chinese myths. Si Xiong, or the Four Evils, are one of the most famous.The Four Evils are Tao Tie, Hun Dun, Qiong Qi and Tao Wu. Each holds evil characteristics such as encouraging greed, distorting truth, and making wars. The evil beasts’ names are still often referred to as metaphors out of superstition.To get more news about four chinese beasts, you can visit shine news official website.

Some legends suggest the four evils were born from four evil and rebellious tribe leaders after they died in ancient times: San Miao, Huan Dou, Gong Gong and Gun. They ruled in the reign of the Shun Emperor , who was defeated and exiled in the end. But there are many other stories of the origins of the beasts.

Tao Tie

Tao Tie is the symbol of greed.

As described in Shan Hai Jing (the Classic of Mountains and Seas), Tao Tie features a sheep’s body, tiger’s teeth and human face and hands. Its eyes are hidden under his armpits. It has baby’s voice, yet it eats humans.

And in folk stories, Tao Tie eats everything. The monster is so greedy that it even eats its own body. Therefore, the patterns of Tao Tie are often found in ancient cooking vessels, yet only with its head. Tao Tie Shengyan, or a feast for Tao Tie, is often used in Chinese to indicate an extraordinarily grand banquet with delicious food.

The monster in Zhang Yimou’s recent movie “The Great Wall” was created based on the legendary Tao Tie.There are also legends suggesting that when the Yellow Emperor beheaded Chi You, his head fell on the earth and became Tao Tie.

Hun Dun

There are different versions of Hun Dun.The version of Hun Dun in Shen Yi Jing (the Classic of Gods and Strange Animals) in the Han Dynasty (206 BC-AD220) is the most common.In this version, Hun Dun is a monster that cannot distinguish right from wrong.

Hun Dun shapes like a huge dog. It has bear’s palm yet no claws; it has eyes yet cannot see; it can walk yet cannot move; it has ears but cannot hear.It has belly yet with no organs such as a heart, liver, spleen, lungs and kidney; it has intestines yet cannot twist.Anything it eats passes through the intestines directly.

It is capable of human emotions, yet it cannot distinguish right from wrong. When encountering noble men, Hun Dun will have conflicts with them; but meeting evil people, it will follow their instructions.

Shan Hai Jing, on the other hand, describes it as a god bird colored red and shaped like a bag.It has six feet, four wings yet no face. It lives in the Tianshan Mountain. It sings and dances.

As recorded in Zhuang Zi 庄子 (a book by Taoist philosopher Zhuang Zhou and a student), Hun Dun was the emperor of central China, with no apertures like eyes, nostrils, mouth or ears. He treated the emperors of South Sea and North Sea well at his place. Intending to repay his hospitality, the other two emperors offered to dig seven apertures for Hun Dun. They dug one aperture a day. Yet when all the seven apertures were done, Hun Dun died.

Qiong Qi

As recorded in Shan Hai Jing, Qiong Qi looks like a tiger with wings, and always eats humans from the head. It can speak human language. It is good at confusing people’s minds and making wars.

Shen Yi Jing elaborated its character more in details. When hearing people quarrel, it will eat the reasonable one. When hearing about people who are loyal and faithful, it will bite their noses off. But when hearing people being unreasonable and atrocious, it will offer them his food.

However, there are also versions describing it as a rare animal that eat Gu (legendary venomous insects) that harm people.

Qiong Qi is often used as a metaphor for those who act in bad faith and defame those who show loyalty. As written in Shi Ji (The Historical Record), there was a bad offspring of emperor Shaohao who behaved badly and resented loyal people. He was called Qiong Qi.

Tao Wu

According to Shen Yi Jing, Tao Wu is a tiger-like beast with a tiger’s feet, a man’s face and a pig’s teeth. Its hair is 2-3 meters long and it has a tail more than 315 meters long. It lives in the remote regions in the west.

Tao Wu is often used to label a man who is fierce and stubborn. As recorded in Zuo Zhuan , a commentary on the Spring and Autumn Annals, there was a bad offspring of Zhuan Xu (one of the five great ancient emperors) who could not be taught. He was called Tao Wu.

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دوشنبه 26 خرداد 1399  07:15 ق.ظ

Don’t Let Luckin Coffee Stock Burn You Again

Where there’s risk, there is the possibility of even larger rewards. And nowhere is that more evident than in shares of Luckin Coffee (NASDAQ:LK), which recently spilled the beans and burned investors big-time. But going forward, is LK stock a better buy, short or best avoided altogether? Let’s take a closer look at what has happened to the stock today.To get more luckin coffee latest news, you can visit shine news official website.

Have you ever dreamed of owning the next Apple (NASDAQ:AAPL) or more fittingly, the next Starbucks (NASDAQ:SBUX)? If you said yes, you’re not alone. And China’s Luckin Coffee certainly appeared to fit the bill. But as it turns out, the bill being handed to investors was a counterfeit.

In early April, Luckin shares quickly went from being a growth story, promising heir apparent and challenger to Starbucks’ coffee empire to a company with dirty financial laundry. LK stock plunged over 75% in a single session on news of accounting shenanigans. Two days later, trading of the stock was halted by U.S. securities regulators.

Luckin cleaned house of its CEO and COO and shares eventually re-opened for business on May 20. But investors weren’t done heading for the exits.

Shares promptly sank another 36% to below $3. And two sessions later, Luckin was off another 60%. De-listing fears, worries of even larger failures from its existing operations and intensifying geopolitical saber rattling with China were widely seen as easy marks behind the selling pressure. And when all was said and done, Luckin shares finished at $1.39 or the cost of a medium cup of Joe at the local convenience store.

Then things cooled off for the company and LK stock, maybe less-than-mysteriously, began to climb higher. By last Thursday, shares traded on record volume as high as $4.81. Luckin then followed through another 36% to finish at $5.51 to close out the week.

So, what gives? Could it be that in the face of Luckin’s financial lies some investors still see enough cash value and investments on the books that makes them willing to take a shot at it rather than a short? Or, speaking of which, could some of the stock’s 15% short interest have helped with the buying? It’s probably a little bit of both, which incidentally adds up quickly in an already notoriously active stock like Luckin.

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A number of stories have emerged pointing out a supposed disconnect between “Main Street” — the US economy which is being hit by the pandemic — and Wall Street — which has seen stocks rally.But there are signs that the US economy has already bottomed and activity is starting to come back.And since equities are forward looking, the gradual recovery of the stock market actually makes sense.Does that mean things in the economy are good? Of course not. But stocks tend to get better before the economy is “good.”Neil Dutta is head of economics at Renaissance Macro Research.This is an opinion column. The thoughts expressed are those of the author.Visit Business Insider's homepage for more stories.To get more news about NAVER, you can visit wikifx news official website.
  With the stock market rallying sharply off its March 23 low, the usual cries have started: stocks are missing the economic reality, they're whistling by the graveyard, they're completely divorced from economic fundamentals.In the last week: the Economist claims “A dangerous gap has opened between America's stock market and the real economy.” Noted economic pundit Mohamed El-Erian argued that the “Market keeps distancing itself from the economy.” But that is not so surprising early on. Admittedly, current economic conditions are poor. Economic output has cratered, leaving widespread joblessness in its wake. But this does not necessarily mean equity prices should be substantially lower than they are now. The US equity market is not about whether economic conditions are good or bad. Rather, what matters is whether conditions are improving or getting worse.
  Today, the evidence is mounting that economic conditions, while far from good, are starting to improve. This is why stocks are up.Hitting the bottomGenerally speaking, economic conditions can be thought of in two ways: momentum and level of activity. The momentum in the economy represents how quickly conditions are changing in relation to the past while level of activity in the economy measures how far conditions are from their historical averages.For instance, the US can add thousands of jobs — that shows positive momentum — while the unemployment rate — the level — remains well above its historically average. Momentum needs to be positive in order for the level of activity to improve. Consider the period following the 2009 recession. It took many years for the level of economic activity to return to potential, as the chart below demonstrates. Even as potential growth repeatedly got revised down, the level of growth hit potential sometime in 2017. Still, this period was an especially good one for stock prices even if for many, it “didn't feel like” a recovery.
Today, the evidence is mounting that the level of activity has bottomed – that is, conditions are not getting any worse – and the momentum in the economy has picked up somewhat.
  Motor gasoline demand bottomed for the week ending April 10 and has been climbing, retracing about one-third of its decline since mid-March. Mortgage purchase applications also bottomed for the week ending April 10, similarly recouping about 40 percent of its plunge since mid-March. Passenger screenings at our nation's airports are also on the mend. The count is now about double the April 14 low, but still 93% off its year-ago level. Notice that the timing of this improvement precedes the formal lifting of shelter-in-place orders for nearly all states. Thus, it stands to reason that there is room for at least some improvement once formal lockdowns end.Of course, there are risks to the outlook. Double-dips in the economy are usually about policy choices. Almost always, double-dips are about policy choices after a recovery starts.For example, in 1982, the economy saw a deep recession after a brief recovery because the Federal Reserve tightened interest rates to take on inflation. In the case of the coronavirus pandemic, the policy choice would be to shut parts of the economy down if the virus spread gets worse.

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دوشنبه 19 خرداد 1399  02:27 ب.ظ

Several hedge fund giants have raised their bullish bets on gold, according to Wall Street source.To get more news about Shi Jin Investment, you can visit wikifx news official website.
  These include Elliott Management led by Paul Singer, Caxton Associates managed by Andrew Law and Dymon Asia Capital founded by Danny Yong.
  According to latest Commitment of Traders report released by the US Commodities and Futures Trading Commission(CFTC) on May 1st, as of the week ending on April 28th, speculative net longs increased by 13,158 to 262,729 contracts, signaling a growing bullish bet on gold. Speculators are betting that a new round of monetary easing and fiscal stimulus to tackle coronavirus epidemic around the globe will lead to currency depreciation and benefit gold.
  US Treasury estimates that net volume of US T-Bond in circulation in Q2, 2020 will increase by US$3 trillion, which creates a new quarterly record. Analysts observed that measures taken by major global economies in the name of fighting the pandemic are essentially printing money without limit, and in such case gold makes an ideal save-haven asset against depreciating currencies.
  Alex Mashinsky, chief executive of Celsius Network, said the massive monetary easing policies by central banks would boost the performance of safe-haven gold, while the rest of the gains could be driven by low interest rates and disruptions to gold mining.

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دوشنبه 19 خرداد 1399  02:18 ب.ظ

Bank of England recently announced the latest interest rate decision as the 9 members of Monetary Policy Committee(MPC) agreed unanimously to hold benchmark interest rate at 0.1%.To get more news about TurboForex, you can visit wikifx news official website.
  MPC also voted by a majority of 7:2 to keep bond purchase volume at 6,450 pounds, which was in line with market expectation.The 2 policymakers proposed to add another 100 billion pounds to the current bond purchase scheme.
  BOC noted that buying bond with the present speed will make the government reach the upper-limit of the purchase scheme by July.
  It‘s estimated that the pandemic will cause a swift decline of British economy which is expected to be temporary, and the economy will slowly revive afterwards.BOC expected Britain’s GDP to shrink 25% in 2020s second quarter, but up by 15% in the whole year of 2021.
  Bank of Englands Governor Bailey expects that the impact of the epidemic on economic demand will continue for about a year after lifting the lockdown restrictions. From previous experience,increasing QE is a negative factor for the pound, because issuing more pounds will lead to depreciation of the currency.

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دوشنبه 19 خرداد 1399  02:06 ب.ظ

Did you know that there is 4 seasons to the forex market. New traders are often caught out attempting to trade the same strategy throughout the year, often giving back their hard work during the winter and summer doldrums seasons.To get more news about AAFT GLOBAL, you can visit wikifx news official website.
The daily turnover reached $6.6trillionin April 2019. That is a massive amount of turnover in anybodys language.
  However, did you know that the retail market is only 5.5%of that total turnover.
  As retail traders, we are at the mercy of the other 95% of the marketplace, hence our behaviour needs to reflect the institutions.
  A Spring in your step for January.
  As the Christmas and New year periods end. The traders return to their desks and the volume increases during mid January. A good time to trade.
  Sell in May and go away – avoid the sun burn.
  The summer holidays have arrived in the northern hemisphere, where the majority of traders are situated. Volume decreases and the market can be quite flat. Moves can be quite unpredictable as the moves are more impulsive based. This is a more difficult time of year to trade.
  Its Labor Day..time to get busy
  Around the time of Labor day in September, market activity increases as everyone is back at work from their summer holidays. This is a great time to trade. This period continues on till mid December.
  Christmas Time – time to relax
  Another very quiet period is the upcoming Christmas and New Year holiday time. Between mid December and mid January, volume again decreases, making it more difficult for traders. Beware of some quick impulses caused by a few high volume traders.

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The American Dream might be more obtainable in several countries outside the US. The Organisation for Economic Co-operation and Development released a report in 2018 where it took an in-depth look at social mobility across countries.One of the report’s findings was the varying number of generations it would take someone born in a low-income family to reach the country’s average income; for the US, it would take about five generations.That was a longer time than several other wealthy countries.Visit Business Insider’s homepage for more stories.The American Dream of your children being more successful than you are might be more attainable in other parts of the world than in the US.To get more news about WikiFX, you can visit wikifx news official website.
  The Organisation for Economic Co-operation and Development figured out how long it would take low-income families to get to their country’s average income, based on intergenerational income elasticity. That is, it measured how much children’s’ incomes depended on their parents’ incomes. On average among the 30 countries studied by the OECD, it will take four to five generations of children from a low-income family — families part of the bottom 10% of income distribution — to reach the average income in their country, according to the OECD’s report on social mobility in 2018. The US is on par with that average, taking five generations for someone born into a low-income family to reach the nation’s average income. One of the findings from the OECD’s report is that social mobility for earnings, education, and occupation is high in most Nordic countries. In many of those countries, it would take fewer generations for a low-income family to reach their country’s average income.These statistics are similar to findings in a 2018 report on economic mobility from the World Bank, which found that there are lots of high-income countries where the American Dream is more attainable than in the US.
  Income inequality plays an important factor in intergenerational income mobility. The report said low-income families in low-inequality and high-mobility countries would take almost four generations to reach the average income. In contrast, high-inequality and low-mobility countries, which are typically emerging economies, take at least nine generations — double the average of countries part of the OECD.Interestingly, no countries had both high inequality and high mobility. This correlation between inequality and mobility has been noted as the “Great Gatsby Curve”, and it shows another pernicious effect of inequality.The following chart shows all the countries included in the report and their intergenerational income mobility.
Business Insider/Madison Hoff, data from the Organisation for Economic Co-operation and Development
  Here are the 12 countries in the OECD study where it would take fewer generations for someone born in a low-income family to reach their country’s average income than someone born into a low-income family in the US to reach the nation’s average income, ranked from the shortest to the longest length of time.
  The most recent available data for the Gini coefficient, a standard measure of income inequality in a country, is used to separate ties in the ranking, where 0 equals complete equality and 1 equals complete inequality. Figures come from the OECD, and represent years between 2014 and 2017.

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دوشنبه 19 خرداد 1399  11:55 ق.ظ

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We use high quality equipments and materials to produce authentic and counterfeit documents. All secret features of real passports/Ids/driver licences are carefully duplicated. We are unique producer of quality false and real documents. We offer only original high-quality registered and unregistered passports, driver’s licenses, ID cards, stamps, Visa, school diplomas and other products for a number of countries like: Australia, USA, Australia, Belgium,Brazil, Canada, Italian, Finland, France, Germany, Israel, Netherlands, South Africa, Spain, United Kingdom and other countries worldwide.To get more news about where to buy a fake passport, you can visit 45degreesdesign news official website.

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