Wisepowder's Blog – September 2020 Archive (25)

Depressed near one-week low under 0.7300

AUD/USD remains on the back foot after posting the biggest losses in a month. The aussie pair begins the key trading day, comprising the US employment data, while keeping the recent 0.7265-82 range, currently around 0.7275, at the start of Friday's Asian session. The pair's declines are mostly attributed to the US dollar's sustained pullback from the multi-month low, followed by a slump in the Wall Street benchmarks. Also weighing the quote…

Chance for USD/GBP/AUD Upside as JPY Strength Limited

Japanese firms slashed spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday. As a result, the strength of the Yen was limited while the USD/JPY staged a flat performance and consolidated around 105.70.To get more news about WikiFX, you can visit wikifx official website.

　　“Abenomics” is much more likely to see an end ahead of…

A Visit to Forex Broker BP Prime in London

An investor lately asked WikiFX to verify the regulatory information and business conditions of the British broker BP Prime. In response to the trader, WikiFX decided to visit the broker BP Prime in London.To get more news about WikiFX, you can visit wikifx official website.

　　Broker introduction

　　BP Prime was founded in 2013. Headquartered in London, it has offices in Italy and China…

Tumbling WTI Concerns for $41.30

WTI crude reported the largest one-day fall in three months on Wednesday, bottoming at $41.23 from the high level of $43.20. Oil prices have rebounded back overnight after breaching below the key support of $41.30, and are consolidating above $41.30 now.To get more news about WikiFX, you can visit wikifx official website.

　　The rally of the U.S. dollar index will become one of the important factors…

PM Modi pitches India as best place for global investors

Prime Minister Narendra Modi on Thursday said the country's political stability and policy continuity makes it the best place for global investors in the aftermath of the COVID-19 pandemic.To get more news about WikiFX, you can visit wikifx official website.

　　Addressing the US-India Strategic Partnership Forum through video confence, Modi also cited a slew of reforms undertaken…

Silver Lake in talks to take $1 billion stake in India's Reliance Retail

Private equity firm Silver Lake Partners SILAK.UL is in talks to invest $1 billion in the retail arm of India's Reliance Industries Ltd.To get more news about WikiFX, you can visit wikifx official website.

　　The investment, which would value Reliance Retail at about $57 billion, comes as the company is aiming to sell about 10% in new shares, the report added.…

Oil May Decline on Plunging Wall Street & Soaring VIX

On Thursday, the Wall Street saw a sharp drop ahead of the upcoming non-farm payrolls; The fear index (VIX), a popular measure of the stock market's expectation of volatility, largely rallied to an intraday high of 35.94% from 25.66%; WTI crude further penetrated the level of $41.30 to an intraday low of $40.22.To get more news about WikiFX, you can visit wikifx official…

Global 3D Rendering Services Market

A complete research offering of comprehensive analysis of the market share, size, recent developments, and trends can be availed in this latest report by Big Market Research.To get more news about design rendering services, you can visit https://www.madpainter.net official website.

As per the report, the 3D Rendering Services Market is anticipated to witness significant growth during the…

Explore the 3D Rendering Services Market Statistics for 2020

Increase in requirement for virtualized & real-time experience in designing and planning along with rise in demand for real-time rendering and rapid decision-making capabilities drive the growth of the global 3D rendering services market. However, lack of skilled professionals and security & privacy concerns hinder the market growth.To get more news about design rendering services, you can visit…

Oil drops more than $1 after Saudi price cuts, demand optimism fades

Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic.To get more news about WikiFX, you can visit wikifx official website.

　　Brent crude LCOc1 was at $41.75 a barrel, down 91…

Oil Market Expected to be Worse Because of Dropping in US Stock and Oil

the US stock index and yields have reported to bounce off recently after the release of the US non-farm payrolls report, or NFP, in August, with the index rising to an intraday high level of 93.24, hitting a week high; WIT crude oil falling to an intraday low level of 39.35 dollars, recording a month low.To get more news about WikiFX, you can visit wikifx official…

Paytm Money Aims To Be India’s Top Wealth Manager

Paytm Money, the online platform for mutual fund investments that recently forayed into equity broking, aims to be India‘s top wealth manager as the owner of the nation’s largest e-wallet expands its financial services footprint.To get more news about WikiFX, you can visit wikifx official website.

　　“As we progress in this journey of becoming the preferred platform for users to save and…

3d rendering software lumion

Lumion 3d rendering software for architects empowers users to transform their 3D designs into attractive renders within seconds.To get more news about design rendering services, you can visit https://www.3drenderingltd.com official website.

Whether modeling in SketchUp, Revit, 3ds Max, Rhino, Vectorworks or many others, Lumion instantly breathes life into designs with realistic trees, stylish…

Three Things Dominating Forex Markets

　　First of all, will technology stocks continue correcting？ The Nasdaq composite has remained in correction since hitting a record high on September 2. As of September 11, the index has retraced by over 10% from its highs. The reason for the sustained decline is rumored to be Masayoshi Son, the richest person in Japan, whos position was squeezed after trading options. Whether or not the statement is right, it is normal for Nasdaq to see correction…

​Gold Price Rebounds with Stability Expected at High

From the start of the week, gold price is little changed compared with last week as it has quickly rallied from the fresh monthly low of $1,907; while current market trends may keep gold afloat as the crowding behavior in the US dollar persists in September.To get more news about WikiFX, you can visit wikifx official website.

　　Gold price may continue to consolidate as global stock…

MFs have many options to meet 25% limit requirement on multi-cap schemes

Market regulator Sebi on Sunday said mutual funds (MFs) have many options to meet with the requirement of 25 per cent limits on multi-cap schemes based on the preference of their unitholders.To get more news about WikiFX, you can visit wikifx official website.

　　Apart from rebalancing their portfolio in the multi-cap schemes, mutual funds could facilitate switch…

Importance of 3D Floor Plans to Property Sellers

If you’re looking to sell your property, your goal would be to get someone to sign on the dotted line as quickly as possible, with the least effort on your part and for the maximum amount you can get! Sounds easy? Well, as any property seller can tell you, it isn’t quite as simple as it sounds. The real estate market is very competitive, and if you are looking to create an excellent property listing that gets noticed by potential…

Markets expect a rise in this week's US non-farm payrolls by 1.575 million, which may bode well for the U.S. dollar index and hamper oil prices.To get more news about WikiFX, you can visit wikifx official website.

The FED Chair Powell reported the “average inflation targeting” last week, making the view of negative real yields enduring. The FED's move saw the dollar index deepening its loss to the intraday low of 92.20, the…

FOREX-Dollar hits two-year low

The dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the U.S. Federal Reserves policy shift on inflation.To get more news about WikiFX, you can visit wikifx official website.

Against a basket of currencies the dollar was down 0.15% at 92.097 in midday trading, having earlier hit its lowest since April 2018. It is down 1.24% for the month, marking its…

The U.S. dollar index slipped to a record low of 92.07 under pressure on Monday, spurring gold prices to faster growth and the attempt of $1,970.To get more news about WikiFX, you can visit wikifx official website.

The FED Vice Chair Clarida said that an inflation target slightly higher than 2% is appropriate as inflation expectations play a critical role in policy making. This statement indicates that the FED has determined…