Gold price analysis - will it break the level of 2000?
Gold prices have risen from $1,801.30 to $1,940 per ounce in the past two weeks. As of July 28th, gold prices had fallen back to $1,929 per ounce. But it rebounded quickly on the 29th. Overall, gold price is still in a good upward trend, and has certain correction pressure after a continuous rise, which may lead to a falling gold.To get more news about https://www.wikifx.com, you can visit wikifx official website.
At the beginning of 2020, the trend of gold price had ups and downs
mainly due to the unstable international political situation, public
health emergency and oil war. In addition, a series of international
factors, including the unresolved North Korea issue, uncertainty of the
US-China trade negotiation, Brexit issues, Iranian Major General
Sulejmani assassination, the COVID-19 pandemic, etc. cause continuous
panic sentiment in market, which further boost the gold market.
Gold
prices showed a rising trend apparently, when the pandemic totally
broke out in the world this March. From a whole view, it has been
increasing steadily even though there are some slight falls. The price
started to mount from $1,638 in mid-March to $1,725 per ounce in
mid-April. Till the mid-June, it had reached $1,638 per ounce. At the
same time, the whole world fought against pandemic which somehow caused
economic depression. Many industries were in a slump, and many companies
even suffered bankruptcy. That's the main reason why gold prices rise
sharply.
Furthermore, gold prices started to jump up obviously,
and then dramatically increased from July 17. The chart in the recent
two weeks also showed that gold prices soared from $1,810 to $1,980 per
ounce. However, the fall on July 27 triggered mass panic as gold prices
declined to $1,953 per ounce. It is normal for gold to fall slightly due
to the correction pressure after a continuous increase.
At 0:00
on July 28, the price of gold hit a record high, up 27%, close to 1981
US dollars per ounce. At the same time, according to official
statistics, Bitcoin also reached a record high, up 17%, rising to 10,900
US dollars. There are many reasons for the rise in gold prices, in
addition to the failure of effectively controlling the coronavirus
pandemic and the severe international political situation. Monday, the
Republican Party of the United States launched a new round of $1
trillion rescue plan, further stimulating a surge in gold. And People
vigorously purchased gold to maintain the value due to the continuous
panic sentiment. According to the comprehensive analysis, the trend
whether gold will continue to grow depends on the international
environment. It is suggested that investors should be cautious about
selling high and buying low. Pay close attention to the market trend and
don't follow others blindly.
Markets Tell the Fed Its Finally Getting an Edge on Inflation
Traffic passes the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Aug. 18.To get more news about https://www.wikifx.com, you can visit wikifx official website.
The $20 trillion U.S. Treasury market is giving the Federal Reserve a
thumbs-up for its efforts to revive inflation after the coronavirus
pandemic threatened to inflict a damaging bout of deflation on the U.S.
economy.
A surge in gold prices above $2,000 and ounce and a
weakening dollar have also focused attention on the outlook for
inflation. If investors are betting price increases will accelerate, the
hope is that consumers and companies spend enough for that to happen,
given inflation is still well below the Feds 2% target. That goal has
never been reached on a sustained basis since it was adopted in 2012.
But Fed officials are more worried about the economy running out of
steam than overheating. Theyre warning Congress about the dangers of
spending too little, not splurging too much.
There are already
signs that the pickup in inflation pricing wont continue to accelerate
at the same pace, and that means the Fed is likely to keep monetary
policy loose -- perhaps even looser than now -- for years to come in the
belief it can adjust if inflation suddenly surges.
The market
signals are “exactly what the Federal Open Market Committee should want
to see at this juncture when inflation expectations are too low and
policy space is limited,” Evercore ISI vice chairman Krishna Guha wrote
in a note to clients.
Ten-year breakeven rates –- which combine the yields on standard and
inflation-linked Treasuries into a measure of what bond markets expect
consumer prices to do -- have jumped to about 1.69%, from as low as
0.47% in March.
Actual consumer prices rose 1% in July from a year
ago, pushing core inflation to a four-month high of 1.6%. And consumer
expectations for inflation in three years time increased to 2.73%, the
most in more than a year.
“It is very premature to be concerned
about a significant increase in inflation,” Rosengren told Bloomberg
Television. He said its “critically important” for Congress to provide
more fiscal support for the economy.
The White House and
Democratic leaders are arguing over how much additional money is needed.
Key parts of the government rescue effort, like extra unemployment
benefits, have begun to expire –- a potential drag on demand, just as a
resurgent virus sets back efforts to reopen the economy.
How to survive & make money during global market slumps
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Importance of Spotting Profitable Trends-Karen Foo
Now,
spotting a trend is easier said than done. But if you are able to spot
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The art of trend following or trend spotting is something that is not
new. Traders and investors have been doing it for years.
I have personally tried scalping, day trading, swing trading and position trading. I prefer long term trading any day.
1. It is a popular strategy among professional traders
What if you bought gold when it dropped during the 2008 financial
crisis and then closed your eyes from that point onwards? You would have
made a handsome profit and return just from buying and holding.
One thing that is common among many retail traders is that they are
very technical focused and they are more inclined to get into day
trading.
While day trading may be profitable for a small group of
traders, theres no harm to look at what the big boys are
doing.Professional traders are mostly fundamentals focused and they make
decisions based on leading economic indicators like surveys, housing
starts & M2 money supply rather than lagging economic indicators
like inflation rates & new home sales.
Unfortunately, retail
traders are trading based on what the lagging economic indicators are
telling them. That is why they lose big time.
Professional traders
hold their trades for months to ride the trend. While this method may
not be suitable for everyone, the big trends are where the big profits
are made.
2. Less stress, less headaches
One of my favourite
aspects about holding a trade for weeks and months is that it can free
up time for me to do other things. Of course, I have to do the initial
research before I put on the trade.
But once I‘ve put on a
position, I don’t really have to stare at the charts all day, which is
what a lot of beginner retail traders do.
With that said, Ive tried scalping and day trading when I first started out as a trader.
I find that I‘m mak ing more trades but yet my profits didn’t
increase by a significant amount. In fact, my attempt to scalp led to
losses. Maybe scalping just isnt for me.When I switched to longer term
trading, I would make less trades but it actually makes me more profits
as compared to scalping.
A lot of retail traders have this thinking that more trades would translate to more profits.
I used to think that way too until Ive learned it the hard way.
This is why I always say to people in my seminars, “It is better to
make 100 pips from 1 trade than mak ing 100 pips from taking 100
trades”.
WOW Classic: Here Are the Stat Priorities for DPS Warriors
In WOW Classic, with regard to gearing and selecting enchants, you need to understand the stat priority. Stat priority refers to the concept that certain stat are more important than others. The stat priority of each category is different because of their different capabilities and attack ranges. In terms of stat priority, Warriors, especially the double-wielding angry fighters, are of greater importance because they must continue to meet statistical requirements in order to continue to cause damage.To get more news about buy wow gold classic, you can visit lootwowgold official website.
Following are the stat priorities for DPS warriors:
Hit Cap to 8% – The most important thing is to increase the hit rate to at least 8%. If you are dual wielding, the hit cap is actually 27%, but it is almost impossible to reach that value, especially when you have just reached level 60. With this in mind, your special abilities (think of things like bloodthirsty and whirlwind) require only 8% hit rate. This does mean that as a double-wielding fury warrior, you will miss automatic attacks, but all special abilities that consume fury will be hit.
Critical Strike – After reaching the 8% soft hit limit, you will want to stack as many critical hits as possible! Critical strikes are helpful to any class, but soldiers especially benefit from the talents that make thugs even more important. 2 points in Impale will increase critical strike damage by 20%, while 5 points in Flurry will give you a 30% attack speed bonus on the next 3 swings after the actual critical strike.
Strength/Attack Power – In addition to crit, you need strength and attack power to increase your hits. You will find that almost all plate gears are strong, but some parts are also intellect. Make sure to prioritize providing higher-strength equipment so that all your abilities do more damage.
Agility – Agility does not directly damage you, but it can increase the overall critical strike rating. It's not as influential as the actual severe strike rating, but it will increase slightly, which means you can benefit from agile gear. This is particularly useful because many parts with strength also have agility.
Are You Looking for the Best Recipes in WoW Classic
Recipes
sometimes also referred to as a blueprint in WoW Classic, refers to an
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WoW Classic is not just about fighting monsters: they're about cooking
and classic gold! These are the best recipes in the game. Whether you're
improving your fishing skills or completing an epic quest chain, you're
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Goldthorn Tea
After a day of hard exploration, I was exhausted and had almost no mana? Sit back and relax with a cup of Goldthorn Tea. Mages can create food and water on their own, but other magic users such as Warlocks and Shamans do not have these abilities.
One of their options is the recipe for this special herbal tea. Of all the recipes available to players, this is the only recipe that restores mana. Herbal experts can pick this medium-level herb in the wild, while others can easily find it at auction houses.
Dirge's Kickin' Chimaerok Chops
Of course, the only purple recipe in the game must be on this list. This is one of the easier links to complete as part of the epic "Sceptre of the Shifting Sands" quest chain. Unlike other tasks that require mats to complete without causing the player to finally get the recipe, this time you do.
Even if the title is that magical color, the seal itself is not completely epic, it can provide a lot of health recovery and +25 stamina, but it only lasts 15 minutes. The real adventure is to complete this infamous task chain.
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China's wine dumping allegations leave the industry gobsmacked
Australian winemakers are adamant that their product has not been sold on the cheap in China but say they are willing to cooperate fully with the 18-month anti-dumping probe.To get more news about china industry research, you can visit acem.sjtu.edu.cn official website.
The investigation by the Chinese Government will examine claims from China's own winemakers that Australian exporters have been selling wine in that market for less than it cost to produce, and that Australian winemakers are subsidised.
Sales of Chinese produced wine accounted for 75 per cent of market share in 2015, but that had dropped to just 50 per cent last year.
At the same time exports of Australian wine to China grew from $268 million in 2015/16 to $1.75 billion by 2018/19.
Kandy Xu and her husband Huigao Xu fell in love with Australian wine more than a decade ago, and are making their own under the Kensington Wine label with grapes they grow in northern Victoria's Goulburn Valley.
The majority of their wine is exported to China, where Australian wine is the most popular overseas drop.
"I have not received any subsidy from the Australian Government," Ms Xu told the ABC."The reason for saying this is because the data shows that the average price of wine exported from Australia to China has gradually increased in the past 10 years."
China is the largest export market for Australia's wines, with market share growing nearly exponentially as more Chinese drinkers fall in love with Australia's big, bold style of red wines.
Thomas Tang left the medical profession and started importing Australian wines into China in 2002.
Thomas
Tang plans to make Australian wines a focal point of his latest
business venture, which will feature bars and live online streaming
sales.(Supplied: Dr Thomas Tang)
"In the past, the Chinese market
was dominated by middle and low-end wines, but now the price and quality
of Australian wines sold in China are improving," he said."I have not
seen any Australian wine being dumped into China."
His small wine bar in Guangzhou fell victim to China's coronavirus restrictions, but he is currently working on a major development, Music Park, on the outskirts of the busy tier-one city."The precinct includes live music entertainment, nightclubs, bars and live online streaming sales," Dr Tang said.