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UKs inflation rate in April fell to 0.8% to the lowest level for
nearly four years. Under this situation, the UK is likely to enter a
deflationary age, bringing the pressure that Bank of England(BoE) would
cut interest rates below zero.To get more news about WikiFX, you can visit wikifx news official website.
Andy Haldane, the BoE‘s chief economist, commented last week that
negative interest rates are a near-term possibility. While, the BoE’s
governor Andrew John Bailey who kept objecting to negative interest
rate, changes his attitude in a softly manner and starts to take into
consideration countries applying negative interest rate policy.
In addition to the trouble about deflation and negative interest rate,
the trade negotiations between the UK and EU came to a deadlock.
Britain‘s negotiator David Frost blamed the UE for a worse draft and
critically expressed the unfair draft for the UK in a 4-page open
letter, and urged the EU’s chief negotiator, Michel Barnier, to think it
twice.
It is estimated that before the next round of negotiation on July 1st,
the constant tension between two sides would hurt pound more. Even
though the second negotiation may take a dramatic turn, the pound
couldnt avoid dropping in the following week under the shadow of the
unsuccessful negotiation.
The Office of Budget Responsibility(OBR) estimated that the UKs budget
deficit would reach 298 billion pounds in 2020 to 2010. So most British
businessmen believe that the government will increase taxes in response
to the battered budget deficit suffered by COVID-19.
It is a remarkable fact that leaving aside the question whether the UK
and EU will end transition under the trade agreement, the UK will face
another political crisis next year that Scotland is determined to hold a
referendum on independence from the UK in 2021. The “Gray Rhino” event
really makes it easy for pound to drop and hard to rise.
As the graph shows, GBP/USDs support levels are at 1.2069 and 1.1959.
If it breaks below both levels, GBP/USD is likely to challenge the key
support level of 1.1409 again.
If the negotiation between the UK and EU takes a dramatic turn,
GBP/USD also has an opportunity to return to the double top situation
with the resistance level of 1.2643.
WoW Token Coming to WoW Classic in China
It seems that the WoW Token is coming to WoW Classic in China soon, allowing players to exchange gold for 30 days of game time. We are not sure if other regions will follow at this time.To get more news about Cheap WoW Gold, you can visit lootwowgold news official website.
It's worth noting that the Chinese region is completely different from the rest of the world when it comes to Blizzard games. A great example is Diablo 3 which already has a lot of microtransactions. The same goes for World of Warcraft and the 300% XP potion sold specifically in that region.Dear friends, the goblins of the Hot Sands Group will bring a good deal, and the World of Warcraft® Token is coming to the World of Warcraft® classic nostalgia! You can buy World of Warcraft Tokens at the auction house to redeem 30 days of game time, or sell World of Warcraft Tokens in exchange for game gold.
WHAT IS THE WORLD OF WARCRAFT TOKEN?
The "World of Warcraft" token allows players with many game gold coins to exchange gold for game time, while players who want to buy game gold coins can exchange gold coins from other players through this simple and secure system.
Players can use the Blizzard game points to buy the World of Warcraft Token in the in-game mall, and then consign it at the auction house to trade at the current market price and exchange for gold coins. After the player purchases the World of Warcraft token with the game gold coin at the auction house, it will become a soul binding, and the player can use it to redeem 30 days of game time.
The process of buying tokens is also simple: you only need to go to the auction house to buy the World of Warcraft tokens sold with your game gold coins. After the time light badge was sent to your in-game mailbox, right-click it to add it to your backpack, then right-click the token in the backpack. This way you can choose to add 30 days of game time to your Blizzard Battle.net account.
WoW Classic Guide: Which Class & Race Combos Work Best?
First discovered by streamer Skarmtank on Twitch, a new WoW Classic layering exploit allowed the player's guild to accumulate over 100,000 gold by manipulating the way dungeons work. The exploit works like this: a player gets to the final boss, clears it, then leaves their group. They then invite their friends, which resets the dungeon but leaves the player where they were, respawning the final boss but allowing them to entirely skip the hour-long dungeon experience prior to it.To get more news about Buy WoW Gold, you can visit lootwowgold news official website.
Blizzard has already noticed the bug, however, and will not be allowing it to persist within WoW Classic. "As soon as possible, we will identify those who knowingly abused this bug in exploitative manner...we will then take appropriate punitive measures," wrote community manager Kaivax in the Blizzard WoW Classic forums. Obviously, that means Skarmtank and the rest of their guild have likely put a target on their back for broadcasting their abuse of the bug, but it's unclear if that will mean an outright ban for the group or just a temporary vacation from Azeroth.
For a game that was made in 2006, it's amazing that players are finding new things to exploit in WoW Classic, even if they're a result of something that was added to the experience that wasn't there in its first iteration. What seemed like a risky investment for Blizzard when it was announced has quickly paid off thanks to glowing WoW Classic reviews and a dedicated fanbase, and this exploit's removal will do little to dull the fervor surrounding the game - in fact, it's likely just to make players even more excited, since it's so reminiscent of the type of stuff that was found in MMORPGs by players over a decade ago.
Double-check your lottery tickets!
Someone who bought a Powerball ticket in Bluffton this week is now $50,000 richer, according to a news release Thursday from the South Carolina Education Lottery.Get more news about 菲律宾彩票包网公司,you can vist loto98.com
The ticket was purchased at the Parker’s gas station, located at S.C. 170 and Evan Way, for Wednesday’s drawing. The ticket winner was not identified.
The numbers in Wednesday’s drawing were 15 - 28 - 52 - 53 - 63 and Powerball 18. No one matched all the numbers to win the jackpot.
The odds of matching four white balls and the red Powerball to win $50,000 are 1 in 913,129.The news release said more than 7,000 players won prizes ranging from $4 to $50,000.
Winners have 180 days from the date of the drawing to claim their prizes. A retired UPS driver’s stop for North Carolina lottery tickets paid off big time.
Vincent Bonanno stopped to buy the tickets Monday at a Food Lion in Apex, according to a Tuesday release from the North Carolina Education Lottery. He scratched a $5 Bonus Bucks ticket in the store and couldn’t believe how much he won.
“I never expected it to be the $200,000,” he told lottery officials. “The first thing I did was I looked at it, and then I held it to my heart and I looked up and I said, ‘Thank you.’ I couldn’t believe I won that amount of money.”
As soon as he realized his ticket was worth $200,000 he went home to tell his wife and daughter.He and his wife then drove to the lottery headquarters in Raleigh and took home $141,501 after taxes, according to the release.Bonanno told his wife they were going to make a donation to their church and buy a new car with the money.
China’s massive effort to collect its people’s DNA concerns scientists
A report revealing China’s effort to collect DNA from millions of men to help solve crimes is raising concerns among researchers about privacy and consent. They say people have little control over how their information is used, and probably do not understand the implications that DNA collection has for their families.To get more China news, you can visit shine news official website.
Chinese state media first reported the government’s intention to construct a national forensic DNA database in 2017. But a report released on 17 June compiled by the Australian Strategic Policy Institute (ASPI), a think tank in Canberra, reveals the scale, and key details, of the operation for the first time: for several years, police have been collecting DNA from men and school-aged boys across the country. They aim to collect and store genetic profiles of roughly 10% of the country’s male population — as many as 70 million people, according to the report.
The report estimates that those DNA profiles can be used to construct genetic links to China’s entire male population, roughly 700 million people.
The Chinese government says the database will help it to track down criminals, who are mostly male. But the report also describes the operation as part of government efforts to “deepen” social control.
Scientists and human-rights activists say a genetic database containing information about people without a criminal history is unprecedented.
“This is really unique. No other country is doing it,” says Mechthild Prinz, a forensic geneticist at John Jay College of Criminal Justice in New York. “They just go and get people that are regular citizens. It is very heavy-handed,” she says.
Researchers also fear that police might use the database to persecute people who criticize the government. “This collection has nothing to do with crime — it has to do with oppression,” says Maya Wang, a researcher at the non-profit group Human Rights Watch in Hong Kong.
The ASPI report says that the database, which is run by China’s Ministry of Public Security, expands on previous DNA-collection efforts. Like other countries, China has a large database of DNA from suspected and convicted criminals. But it has also collected DNA from minority ethnic groups in Tibet and in the northwest province of Xinjiang, which has been criticized by human rights groups.
Why art can change the world
One of the great challenges today is that we often feel untouched by the problems of others and by global issues like climate change, even when we could easily do something to help. We do not feel strongly enough that we are part of a global community, part of a larger we. Giving people access to data most often leaves them feeling overwhelmed and disconnected, not empowered and poised for action. This is where art can make a difference. Art does not show people what to do, yet engaging with a good work of art can connect you to your senses, body, and mind. It can make the world felt. And this felt feeling may spur thinking, engagement, and even action.To get more news about art can change the world quotes, you can visit shine news official website.
As
an artist I have travelled to many countries around the world over the
past 20 years. On one day I may stand in front of an audience of global
leaders or exchange thoughts with a foreign minister and discuss the
construction of an artwork or exhibition with local craftsmen the next.
Working as an artist has brought me into contact with a wealth of
outlooks on the world and introduced me to a vast range of truly
differing perceptions, felt ideas, and knowledge. Being able to take
part in these local and global exchanges has profoundly affected the
artworks that I make, driving me to create art that I hope touches
people everywhere.
Most of us know the feeling of being moved by a
work of art, whether it is a song, a play, a poem, a novel, a painting,
or a spatio-temporal experiment. When we are touched, we are moved; we
are transported to a new place that is, nevertheless, strongly rooted in
a physical experience, in our bodies. We become aware of a feeling that
may not be unfamiliar to us but which we did not actively focus on
before. This transformative experience is what art is constantly
seeking.
I believe that one of the major responsibilities of
artists – and the idea that artists have responsibilities may come as a
surprise to some – is to help people not only get to know and understand
something with their minds but also to feel it emotionally and
physically. By doing this, art can mitigate the numbing effect created
by the glut of information we are faced with today, and motivate people
to turn thinking into doing.
Engaging with art is not simply a
solitary event. The arts and culture represent one of the few areas in
our society where people can come together to share an experience even
if they see the world in radically different ways. The important thing
is not that we agree about the experience that we share, but that we
consider it worthwhile sharing an experience at all. In art and other
forms of cultural expression, disagreement is accepted and embraced as
an essential ingredient. In this sense, the community created by arts
and culture is potentially a great source of inspiration for politicians
and activists who work to transcend the polarising populism and
stigmatisation of other people, positions, and worldviews that is sadly
so endemic in public discourse today.
Art also encourages us to cherish intuition, uncertainty, and creativity and to search constantly for new ideas; artists aim to break rules and find unorthodox ways of approaching contemporary issues. My friend Ai Weiwei, for example, the great Chinese artist, is currently making a temporary studio on the island of Lesbos to draw attention to the plight of the millions of migrants trying to enter Europe right now and also to create a point of contact that takes us beyond an us-and-them mentality to a broader idea of what constitutes we. This is one way that art can engage with the world to change the world.
The importance of art in the age of coronavirus
As the government of India looks to gradually reopen the economy, creative and cultural industries, a sector that has already been impacted by the ongoing pandemic, may be among the last to recover from the economic downturn. As the arts nurture public health and as cultural diversity is an essential aspect of the nation’s fabric, it is critical to keep this sector afloat.To get more news about importance of art in history, you can visit shine news official website.
For several reasons, creative and cultural industries are poised to suffer enormous losses. Many of India’s performing arts, museums and heritage sites have come to be tied to tourism, another sector poised to recover slowly as travel and social distancing restrictions will continue for some time. The perception that the arts and humanities are not essential to our society is entrenched. Since many artists, arts organisations and cultural workers have been the recipient of meagre grants from the government and philanthropic trusts even before the pandemic, their resources will diminish first. To counteract this, the development of a forward-looking cultural policy is the need of the hour. Recent symbolic gestures by the Union Ministry of Culture — such as inducting regional weaving traditions into national lists of intangible cultural heritage and illuminating the forecourt of the Red Fort with oil lamps — will neither preserve these practitioners nor the sites.
A recognition
that the arts positively affect our bodies and minds is an elementary
first step in formulating a new policy. Art fosters awareness, enhances
social skills, increases self-esteem and slows cognitive decline. Many
studies have shown that activities such as viewing a painting, listening
to music or watching a performance strengthen learning, reduce anxiety
and heal trauma. Therefore, the arts are promoters of healthier
communities in the intermediate and long term.
If the past is any
guide, then by turning to it we might learn of other benefits of
investing in the arts in times of crisis. As a famine extended its grip
in Bengal in the 1940s, artists such as Zainul Abedin and Chittaprosad
made sketches of the unfolding human tragedy. Some exhibited their work,
others arranged for their speedy and inexpensive publication. Even as
these ventures drew the colonial government’s ire, they inspired fellow
Indians to contribute resources to ease the suffering of those most
impacted by the catastrophe.
Two decades later, a severe drought
hit Bihar. Pupul Jayakar, the then head of the handicrafts board,
encouraged the women of the Mithila region to transfer compositions they
had hitherto reserved for their nuptial chambers to paper. With Indira
Gandhi’s support, Jayakar marketed these rustic paintings to urban
audiences by emblazoning their images on trains, hanging them in hotel
lobbies, selling them in emporia and showcasing them at international
festivals. Since then, a dedicated group of anthropologists, designers,
museum professionals and government officers has revived many other
ritual art traditions, including some on the verge of extinction. As a
result, their makers have enjoyed fame, their rural communities have
prospered and new forms of cultural expression and regional identity
have flowered.
Alongside arts practitioners, now is the time to
support arts scholars. Given the closure of Archaeological Survey of
India-protected monuments, budgets allocated for repaving walkways,
growing exotic flowers on lawns and installing dynamic lighting systems
should be transferred to fellowship schemes for students and scholars of
archaeology. Funds apportioned for the construction of grandiose
experiential museums in the recently-concluded budget session should be
transferred to charitable trusts devoted to advancing the history,
conservation and enjoyment of art. These trusts should be allowed to
help existing museums pay the salaries of positions critical to their
missions and cover other essential expenses. The Ministry of Culture
should publicise its pension and medical aid scheme for artistes facing
hardships, simplify the application process and expedite fund disbursal.
Despite this development, S&P 500 and Nasdaq indices closed 0.94 and 2.13 percent lower, respectively, while the Dow Jones narrowly rose a meager 0.04 percent. The benchmark S&P 500 index retreated shortly after it retested a critical inflection point at 3226.00. After it failure to puncture resistance, it quickly retreated as losses were accelerated after California Governor Gavin Newsome ordered a shutdown of all bars and indoor dining.
Crude oil fell along with a myriad of other soft commodities. The New Zealand Dollar was the session‘s biggest FX loser right next to the British Pound. The Euro was the session’s champion and rose from what appears to be optimism about the friction-less implementation of a EUR750b aid package. EU leaders will be digitally convening to discuss it later in the week.
Tuesdays Asia-Pacific Trading Session
A relatively sparse data docket places the focus for traders on macro-fundamental themes like the coronavirus and Asian-based geopolitical risks. Beijing and Washington have each sanctioned lawmakers from each respective country in response to tension over the formers passage of a sweeping national security bill in Hong Kong. Renewed US-China trade tensions also dampened risk appetite.
Combined with a pessimistic ending to Wall Street trade, Asia-Pacific stock markets may be in for a rough start. Commodity-linked currencies like the Australian and New Zealand Dollars along with emerging market FX are at risk while a premium may be put on the anti-risk Japanese Yen and haven-linked US Dollar. Brent may fall and could drag petroleum-linked currencies like the Canadian Dollar and Norwegian Krone with it.
Copper Price Outlook
Copper prices may soon retreat to the uptrend that carried it over 45 percent after bottoming out in mid-March. While the common metal did break above multi-month resistance at 2.8745, the character of the last wick especially within the context of breaking above a key barrier is alarming. The long wick and short-bodied nature of the candle suggests there was a desire to climb higher but that confidence was ultimately lacking.
In fact, the candlestick the commodity left behind on Monday closely resembles a Shooting Star. This is typically a sign of indecision which can at times precede a turn lower after an uptrend.
Copper price chart created using TradingView
A broader pullback may then ensue and push copper prices below recently-broken resistance-turned-support and towards the March uptrend. Due to coppers wide application in a number of cycle-sensitive industries like construction and manufacturing, it is frequently seen as a barometer for the growth outlook. Consequently, a retreat could speak to an even more severe underlying weakness in demand.
Knowing the leading indicators and lagging indicators to understand the economic trend in second
A
lagging indicator gives a signal after the trend has started and
basically informs you “Hey buddy, pay attention, the trend has started
and you‘re missing the boat.” Lagging indicators work well when prices
move in relatively long trends. They don’t warn you of any upcoming
changes in prices though, they simply tell you what prices are doing
(rising or falling) so that you can trade accordingly. You‘re probably
thinking, “Ooooh, I’m going to get rich with leading indicators!” since
you would be able to profit from a new trend right at the start.You
would “catch” the entire trend every single time IF the leading
indicator was correct every single time. But it won‘t be. When you use
leading indicators, you will experience a lot of fakeouts. Leading
indicators are notorious for giving bogus signals which could “mislead”
you. Get it？ Leading indicators that “mislead” you？ Haha. Man, we’re so
funny we even crack ourselves up. The other option is to use lagging
indicators, which aren‘t as prone to bogus signals. Lagging indicators
only give signals after the price change is clearly forming a trend. The
downside is that you’d be a little late in entering a position.To get
more news about WikiFX, you can visit wikifx news official website.
Often the biggest gains of a trend occur in the first few bars, so by
using a lagging indicator you could potentially miss out on much of the
profit. And that sucks.
It‘s kinda like wearing bell-bottoms in the 1980s and thinking you’re so cool and hip with fashion…
It‘s kinda like discovering Facebook for the first time when all your
friends are already on TikTok… It’s kinda like getting excited buying a
new flip phone that now takes photos when the iPhone 11 Pro came out…
Lagging indicators have you buy and sell late. But in exchange for
missing any early opportunities, they greatly reduce your risk by
keeping you on the right side of the market. For the purpose of this
lesson, lets broadly categorize all of our technical indicators into one
of two categories:
00001. Leading indicators or oscillators
00002. Lagging or trend-following indicators
While the two can be supportive of each other, they‘re more likely to
conflict with each other. Lagging indicators don’t work well in
sideways markets. Do you know what does though？ Leading indicators! Yup,
leading indicators perform best in sideways, “ranging” markets. The
general approach is that you should use lagging indicators during
trending markets and leading indicators during sideways markets. Were
not saying that one or the other should be used exclusively, but you
must understand the potential pitfalls of each.
GBP/USD Upside Clouded! How To Trade Today’s Data?
GBP/USD has
lost its chance to confirm a further increase in the short term,
yesterdays false breakout has signaled that the Pound could lose control
again versus the USD. The dollar is struggling to strike back, the USDX
has registered another false breakdown below the 96.43 static support,
but a rebound is far from being confirmed.To get more news about WikiFX, you can visit wikifx news official website.
GBP/USD has changed little today, maybe the traders are waiting for
the UKs data to bring life on this pair. The GDP is expected to increase
by 5.5% after the 20.4% drop in the former reading period.
Industrial Production could increase by 6.2% in May, versus a 20.3%
decrease in April, the Manufacturing Production is expected to come back
in the positive territory as well, the economic indicator could
register a 7.5% growth. The Construction Output, Goods Trade Balance,
and the Index of Services will be released as well, better than expected
figures could boost the Pound, while some poor data could push GBP/USD
down in the short term.
On the other hand, the USD needs strong
support to be able to give birth to another leg higher versus its
rivals. The US is to release the CPI and the Core CPI later today, only
some positive numbers could save the dollar from the downside.
GBP/USD is traded at 1.2553 level after the failure to close and
stabilize above the 1.2647 and above the upper median line (uml) of the
minor descending pitchfork. Ive said yesterday that the pair could drop
again in the short term if it will register only a false breakout above
the 1.2647 static resistance.
Yesterdays candle, bearish candle,
has invalidated the breakout, so GBP/USD is under some pressure in the
short term as long as it stays below the upper median line (uml). Still,
the bias is bullish as long as the pair is traded above the 50%
retracement level, above the PP (1.2488) level, and most importantly
above the 50% Fibonacci line (ascending dotted line) of the major black
ascending pitchfork.
A further upside movement will be signaled by
a valid breakout from the minor descending pitchforks body, above the
upper median line (uml), a potential valid breakout above the 1.2647
will bring a long opportunity with the target at the median line (ML) of
the major ascending pitchfork.
On the other hand, a reversal, a
larger drop could be confirmed only by a valid breakdown below the 50%
Fibonacci line, if the rate will escape from the up-channel between the
ML and the 50% line.
GBP/USD has developed a double top pattern on the H4 chart, the new
lower low could send the rate down towards the PP (1.2487) level. A
significant drop, sharp decrease, could be activated by an upper median
line (uml) retest, or by another false breakout above this dynamic
resistance.
If you want to go long, you should wait for a valid
breakout above the 1.2647 level or for another bullish signal that will
develop when the current drop will be ended. The critical support stands
at the 50% Fibonacci line of the major ascending pitchfork.
The
pair will be driven by the UK and the US figures today, so you should
keep an eye on the economic calendar. Some great US inflation data will
boost the USD, which it could edge higher versus its rivals.
