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add to favorites My Two Key Pillars for Long Term Forex Success-Tony Camilleri Cars
My Two Key Pillars for Long Term Forex Success-Tony Camilleri In my 15 years of trading the forex markets I have seen many traders enter and then leave the forex marketplace due to being unable to sustain long term profits. Many traders become profitable, but once they become profitable, they get overconfident and careless and often lose their entire account. Statistically, about 90% of forex traders will lose their whole account.To get more news about KOL Analysis, you can visit WikiFX news official website. 　　In this article I want to highlight my two key pillars, which will ensure long term success. If a trader makes these points as the 2 most important aspects of their trading, losing an account will be an event of the past. 　　Risk Management 　　Overcoming greed 　　When I started trading 15 years ago, my mentor pushed this point into my head, over and above everything else, even before we started trading, risk management was discussed in great detail. This concept has stayed with me since then. 　　Firstly, it is important to understand that the market is unpredictable, but the one thing we can control and predict, is how much do we lose if the market goes against us and I guarantee there will be many times this will happen. 　　A trader needs to learn how to lose and when you do lose, that the loss is minimal. 　　This is a very difficult concept to accept as normal life does not teach us to lose. The only other profession where losing is part of the job, is playing sport, every sports competitor will lose in competition many times. 　　Many traders cannot accept losses, therefore fighting the market and letting loss trades run, become an obsession with some traders, at the expense of their account. I have witnessed traders increase their account over a sustained period of time, only to lose their entire account with one bad trade, simply because they were obsessed with winning all the time. 　　How do you manage risk in a professional manner？ 　　Firstly set an amount you are willing to lose per trade, 1% to 2% per trade is very common and follow this rule 100% of the time. 　　Always use a stop loss. A stop loss is a predetermined level that the trade will close if the market goes against the trade. 　　Set your stop loss at a pre determined pivot point. The stop loss cannot be random, it needs to be at a pivot point, whereas if the market goes beyond that point, it is clearly changing direction, which means ‘get out of that trade and consider trading the other direction.’ 　　How is stop loss calculated？ 　　This article was not meant to be an in depth look at trading, but in answering this question quickly and easily, there is phone applications and desktop software that will make the calculations automatically. 　　Let the profits run 　　Overcoming fear 　　This concept sounds very simple but it is one of the most difficult techniques to master. To be able to maximise your profit, otherwise known in trading terms as risk/reward. During this phase of trading the fear aspect of your emotion will take control, fear of losing, I am in profit but will the market reverse and take my profit away. If fear controls the trade, the trader will often close the trade at a small gain, rather than risking a loss. 　　The most effective method to counteract fear is to understand candlestick formations and which formation will result in a trade reversal. A good trader will check the close of every candlestick and if there is no indication of a reversal, to have the discipline to allow the profit time to continue. 　　If a trader allows his profits to be large and the losses to be small, the need to be right all time will become irrelevant, as the winning trades value will by far outnumber the losing trades value. 　　Conclusion 　　Forex trading is a discipline and needs to be treated that way, it is not gambling. With trading you are always battling with the raw emotions of fear and greed. Scammers always prey on those emotion. Master these two techniques and you will become a Forex master. 　　Author: Tony Camilleri 　　Profile: 　　Tony Camilleri is an Australian based forex trader. He has been an active trader in both the retail and institutional sector. As founder of 4xfusion, Tony has developed automated algorithm based trading systems, he is an active educator and fund manager for the past 15 years. Tony is also a crusader against the forex scammer and is often asked about his opinion regarding trading systems and their sustainability. Tony has an in depth knowledge of the inner workings of the forex industry and brokers. Tony is a regular contributor to Linkedin with his thought provoking articles and is quickly becoming a key person of influence on that platform, which his often trending articles.
add to favorites 3 ESSENTIAL FEATURES OF DAILY TRADING RANGE-NAZRI NAS Cars
3 ESSENTIAL FEATURES OF DAILY TRADING RANGE-NAZRI NAS We will be discussing a very basic but highly useful resource in today's lesson which can provide valuable information to the trader.To get more news about KOL Analysis, you can visit WikiFX news official website. 　　Essentially, there are many ways in which you can use a pair's daily trading range information to help you do better trades. Currency graph is the major source of reference for traders in order for them to know or identify the markets conditions other than the economic news. Currency graph is divided into 2 main axes: 　　1) X axis: fixed data/information (time) 　　2) Y axis: fluctuate data/information (currency price) 　　These two combinations will produce a wave presenting the change in currency price is equivalent to the change of time. Currency volatility are usually move in an approximately similar range according to certain seasons. 　　This range equivalence graph movement can help us to estimate our potential trade profits or risks based on the entry point within that range movement. 　　The range for each currency pair is not identical. Some of the pairs can move less than 50 pips a day while some of them can move over 150 pips in a day. 　　WHAT IS THE “DAILY TRADING RANGE”？ 　　Daily Trading Range is defined as the average of graph volatility within a day starting from the market is open until it is closed. 　　It is measured from the lowest price to the highest within a day. The way to use DAILY TRADING RANGE is that you can use the TF Daily, click on candlestick one by one, plot it at the lowest price and project it to the highest price on the same candlestick. After that, you will find that the length of the daily candle is almost similar to the pair. 　　Apart from that, you can also use the TF H1. 　　i. Click Ctrl + Y and the vertical line will appear on your graphs screen. 　　ii. That line is the dividing line for the day. 　　iii. Then look at the lowest and highest prices between the two lines. 　　iv. Click the crosshair and project it to the two points. You will be able to read the DAILY TRADING RANGE for that pair. 　　WHAT IS THE IMPORTANCE OF “DAILY TRADING RANGE”？ 　　The Daily Trading Range can help us to identify the crucial information with regard to the currency pairs that we are currently analyzing. 　　It is helpful for us to trace 3 elements: 　　a) Currency volatility. 　　b) Maximum value of stop loss. 　　c) Maximum value of target profit. 　　These three elements are immensely vital in ensuring that a trading point is located in the normal or customary relationship of that currency pair. 　　Alright, now we are learning one by one of the three elements mentioned above. 　　a) CURRENCY VOLATILITY 　　If you gathered all the currency pairs and arrange it according to the DAILY TRADING RANGE as the diagram prepared by me, you will notice that the movement distance of each currency pair is different. The diagram shown is merely for illustration as the DAILY TRADING RANGE will change according to the seasons. 　　For your information, the DAILY TRADING RANGE will change over time. It usually changes once a month. So, if you want to get the DAILY TRADING RANGE for today, you only need to compare the DAILY TRADING RANGE within a month or 2 months. 　　Here, you can compare which of the pairs are move faster and which are move slower. If you are targeting for a low-risk trading, choose a pair which its DAILY TRADING RANGE is lower. For the new traders who are just getting started to trade, it is recommended for you to trade currency pair which its DAILY TRADING RANGE is lower to minimize the risk of loss. 　　However, if you are targeting for a high-risk trading with a rapid and huge profit potential, you may choose a currency pair which its TRADING RANGE is higher. Logically, higher trading risk is usually will produce higher profit potential. 　　b) MAXIMUM VALUE OF STOP LOSS 　　The maximum SLs value can be achieved by measuring the distance from your entry to the maximum point of that day. 　　For example, if you are in the SELL position, click on the highest price of that day and project it to your entry position. As a precaution step, add 1 pip or more for the SLs distance. 　　If the graph moves more than 1 pip above the maximum price, then there is no potential to decline anymore. 　　c) MAXIMUM VALUE OF TARGET PROFIT 　　Besides, the maximum value of target profit also can be obtained from the DAILY TRADING RANGE. This can be achieved by measuring the distance from your entry position to the maximum point in accordance to the BUY or SELL position. 　　For example, if you are in the SELL position, click on the lowest price on that day and project it to your entry position. 　　However, it is recommended for you to set your target profit at the price spots in which the graphs have made any rejection before to ensure your trade is safer. A small profit is always better instead of getting loss. 　　OTHER THINGS ABOUT 'DAILY TRADING RANGE' 　　The market will usually move in 2 conditions: 　　1) Normal movements: The market movement that move according to the current trends. 　　2) Momentum movement: The market movement influenced by economic news. 　　Both types of movements mentioned above will produce different Daily Trading Range. Hence, to get a more accurate interpretation, you can estimate the current movement of the graph by comparing the equivalent movement with the day you are trading. 　　For example, if today's market movement is more influenced by economic news, you could estimate today's volatility movement by measuring the history of previous days' movements in which were influenced by economic news. 　　Markets are influenced by economic news often show a drastic candlestick formation and its length indicates a significant difference from previous candle movements. 　　Whereas, if todays graph moves normally with a regular candle size, you can estimate today's maximum volatility movement by referring to the history of the previous day's graphs moving normally without a drastic candlestick formation. 　　CONCLUSION 　　By understanding the Daily Trading Range, it will help you to trade according to the nature of the currency based on the movements exist previously. This is how a market analyst technically estimates the next market movement based on earlier movements history.
add to favorites Review WikiFX &Win WikiFX VIP Worth Up to ₦5380! Cars
Review WikiFX &Win WikiFX VIP Worth Up to ₦5380! 1. Activity: 　　[For Nigeria]Review WikiFX &Win WikiFX VIP Worth Up to ₦5380! 　　2. Introduction: 　　WikiFX is grateful to all the users for the support and tolerance amid the release of WikiFXs new function- WikiFX Forum!To get more news about Event For Nigeria, you can visit WikiFX news official website. 　　In order to better serve users and provide rich forex information for them, we will hold series of activities to collect more valuable suggestions on WikiFX App. 　　Suggestions include only users experience and opinion on WikiFX App, as well as the existing problems of the App, such as BUG etc.. And we will consider and evaluate seriously all the App-related issues. 　　3. Period: 　　April 17th, 2020 08: 00: 00 ~ April 23th, 2020 23:59:59 (West Africa Time , UTC +1) 　　4. How to participate: 　　a. Search WikiFX on Google Play or App Store, or download WikiFX Appthrough the following link: 　　Leave a comment below the post that includes“your experience and opinion on WikiFX APP, as well as the existing problems of the App, such as BUG etc.. ” + “your valid email address” and you will be eligible for this prize activity. And If your comment does not meet the above requirements, it will be regarded as invalid one. b. If you don't feel like commenting or want to get bonus gifts, you can also share the event to your social media homepage and send WikiFX a screenshot to participate in this prize-giving activity! Please note that you need to keep the shared content on your social media page until activity ends; if you remove the post during activity, you'll no longer be eligible for participation. 　　5. Prizes 　　Best Suggestion: ₦5380 worth of WikiFX VIP (12 months), 1 Winner 　　Good Suggestion: ₦3465 worth of WikiFX VIP (6 months), 7 Winners 　　Sharing: ₦3465 worth of WikiFX VIP (6 months), 5 Winners 　　6. Rules to Win 　　After the activity, we will select 1 “best suggestion” winner, 7 “good suggestion” winners and 5 “sharing” winners at random from the list of qualified participants. And one ID has several chances to win the prizes above amid the activity. 　　7. Winner notification & prize collection 　　The list of winners will be released at 10:00:00 (West Africa Time , UTC +1) on April 24th, 2020 on: 　　WikiFX “Wiki Forum”; 　　WikiFX Facebook Fan Page （https://www.facebook.com/WikiFX.ng/） 　　WikiFX staff will contact the winners about prize collection from the announcement date to April 30th, 2020 and send the redemption code of WikiFX VIP to them by email. 　　8. Special reminders 　　a.This activity is limited to Nigerian users only. 　　b. If the prize winner is unwilling or unable to provide relevant information, cannot be reached due to the changes in personal information, or cannot complete the prize collection procedures for any other reasons due to the winner's own responsibility, this will be deemed as relinquishment to the benefit of the prize, which the winner should not object. 　　c. The prize can only be claimed by the winner and cannot be transferred to others or convert to cash if the winner forfeits the prize. 　　d. The winner should guarantee that all the information filled or submitted is true, correct and belongs to the winner himself/herself rather than any third party. Submission of inauthentic information will lead to disqualification of the participant or canceling of the winner's eligibility. Under such circumstances, the organizer shall not be liable for unable to notify the winner, and the participant shall bear all relevant legal responsibilities for any consequent damage to the organizer or any other third party. 　　e. If the participant is found, by the organizer or any other third party who report such irregularity to the organizer, to deliberately disrupt and affect others participating in the event through malicious computer program or other methods that clearly breaches the fairness of the event, or engage in any illegal practice, the organizer may immediately cancel participant's eligibility for the event. Other matters unspecified in this document should be handled in accordance with relevant regulations of the organizer, and the organizer reserves the right to make necessary supplement or amendment at any time. The organizer reserves the right to cancel, terminate, modify or suspend the event or relevant activities of the event. 　　f. If due to computer, network, telephone and technology malfunction, or any other reason non-responsible of the event organizer, the prize sent to the winner is delayed, lost, incorrect, unrecognizable or damaged, the event organizer accept no responsibility, and the participant is not entitled to mak ing any objection or complaints. 　　g. The event organizer reserves the right to review, decide and change the prize to other prizes of the same value, while the prize winner cannot request change of the prize or exchange of the prize for cash. 　　h. If the event cannot be held due to force majeure, the event organizer has the right to cancel, terminate, modify or suspend the event, and reserves the right to modify and decide the interpretation of the terms and conditions of the event. 　　i. The winner agrees that the organizer can collect, process and use his/her personal data within the scope of this activity.
add to favorites EON:Money Game! EONLINE disappeared after defrauding investor of 60,000 naira Cars
EON:Money Game! EONLINE disappeared after defrauding investor of 60,000 naira WikiFX recently received an investor‘s complaint against forex broker EONLINE for he could not withdraw his money and log in his trading account. The investor mentioned that he was introduced by his friends to the broker EONLINE. An agent told the investor that he can get 50% profits after 5 days. Therefore, the investor opened an account and invested 60,000 naira on EONLINE. Like many similar fraud cases, when he submitted a withdrawal application, he found that he could not even log in his trading account. Therefore, he reported the situation to EONLINE by email, but didn’t receive any reply. Finally, the investor tried to contact the broker by the message function on their website, he found, however, it didnt work.To get more news about EONLINE, you can visit WikiFX news official website. 　　The button of “send message” on EONLINEs website is unavailable. 　　Without valid regulatory status, illegal forex broker EONLINE released false advertisement on its website. WikiFX warns investors that high-yield and high-return investments offered by brokers are generally their scam tricks, which exists a lot of risks. Please carefully check every details from official website of brokers and pay attention to whether they have practical customer service or not. 　　Per checking the WikiFX App, EONLINE has a poor rating of 0.99, and the broker currently has no valid regulatory status, bearing great risks. Please do not invest on EONLINE, otherwise, losses will never stop. The broker is currently active on large social network such as Telegram and Facebook, please stay away from it! 　　Declaration: 　　The article evidence exposed by WikiFX is verified by the following processes: 　　1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and recording videos from victim). 　　2: These evidences will be evaluated and verified by expert who has been work in forex industry for many years. 　　3: The editor will review it again before the article is published.
add to favorites California lottery jackpots could be less than advertised in a coronavirus slump Cars
California lottery jackpots could be less than advertised in a coronavirus slump The California Lottery’s Mega Millions jackpot stood at $113 million Tuesday, and so far, the lottery has the money to pay up if someone wins.Get more news about 彩票包网平台,you can vist loto98.com But the coronavirus is taking a toll on ticket sales. If sales remain in a slump, the lottery might not be able to pay advertised jackpots, its deputy director of finance told the State Lottery Commission during a special meeting Monday. “The ... unprecedented impact the COVID-19 health crisis is having on sales means each game is in imminent danger of having sales be insufficient to support the advertised jackpot,” said Nicholas Buchen, the deputy finance director, according to a transcript of the call. The Lottery Commission voted at the meeting to scrap lottery regulations that required Mega Millions and Powerball jackpots to be at least $40 million. The change will give the lottery more flexibility to keep jackpots in line with sales, executives said. Lottery executives described the change as a formality, saying lottery rules already allow it to pay less than the advertised amount if sales don’t support the jackpot.“If sales were to take a substantial dive, regardless of the amount that was advertised, at that point the winner would just get what sales support,” Buchen told the commission. The California Lottery Act, passed in 1984, doesn’t require the dollar amounts to be in the regulations, Sharon Allen, the lottery’s deputy director of sales and marketing, told the commission.Additionally, official rules for both games already specify the $40 million is not guaranteed, Allen said. The group that manages the Powerball game lowered its minimum jackpot to $20 million on March 25, Buchen told the commission. The California State Lottery is not part of the decision-making body for that game. The Mega Millions Consortium, of which the California State Lottery is a member, opted at its last meeting to keep the minimum at $40 million for now, but could adjust it down depending on ticket sales.
add to favorites The market believes the Fed will cut rates by September. Should it? Cars
The market believes the Fed will cut rates by September. Should it? 　　The federal reserve is changing direction. In December it predicted that it would raise the federal funds rate twice in 2019, to 2.75-3.0%. In March it thought it would hold rates steady instead. Investors now think there is a one-in-five chance that it will cut rates at its meeting on June 19th, and a 95% chance that it will do so by September (see chart). Jerome Powell, the Feds chairman, has said it is “ready to act”.To get more news about wikifx, you can visit wikifx news official website. The reason for the change is a darkening world economy, caused primarily by the failure of America and China to strike a deal to bring their trade war to an end. Yet for all the ructions, the visible impact on Americas hard economic data has so far been relatively small. True, American firms hired only 75,000 workers in May, on first estimate, well below the recent monthly average. But jobs data are volatile, and the unemployment rate is a very low 3.6%. 　　Where the pain of the trade war has shown up is mainly in financial markets. The ten-year Treasury yield, for instance, was 2.5% in early May but has since fallen to 2.1% as investors have rushed to safety and anticipated rate cuts. Large moves like these raise an uncomfortable question for the Fed. Should it yield to the market, thereby risking the appearance that monetary policy is set by traders？ Or should it consider only backward-looking economic data, which move slowly？ 　　Markets provide the aggregated wisdom of a crowd of individuals with money on the line. In most contexts their forecasts will outperform those of a financially disinterested committee, even one made up of experts. But there are other reasons why an apparent discrepancy between the two may endure. 　　The first is that there is not really a discrepancy at all. Suppose the Fed and the market make the same judgment about the risk of an economic shock such as a trade war. “The Fed has the luxury of more time,” says Torsten Slok, an economist at Deutsche Bank. It can wait to see what happens before changing policy, whereas investors must hedge their bets immediately to account for even unlikely events. 　　The second is that markets agree with the central bank about the economic outlook, but are confused about how it will act. “The Fed might have failed to communicate well,” says Frederic Mishkin, a former rate-setter. 　　Only if these possibilities can be ruled out can central bankers conclude that markets are telling them something they need to hear about growth and inflation. Discerning this signal becomes trickier the more the Fed appears to respond to the market. To see why, suppose that the Fed ignores market movements completely, and instead sets policy in an entirely predictable way, responding only to hard data on growth and inflation. Any change in market expectations about Fed policy would then reflect only changes in investors perception of the outlook for those variables. “If Fed policy is clear and systematic,” says Charles Calomiris of Columbia University, “policymakers can glean useful information from markets.” The more the Fed responds to the market, however, the more it is “looking in the mirror”, as Alan Greenspan, a former Fed chairman, supposedly once quipped. 　　If monetary policy were entirely automated, however, the information embodied in markets would be useful but unused. What is more, reacting only to real data is like driving while looking only in the rear-view mirror. Central bankers often say that monetary policy works only with a lag of 18 months or two years. Many economists believe that flat-footedness at the Fed has been to blame for numerous post-war American recessions. 　　If the Fed wants to glean useful information from markets, it cannot pander to them. “The Fed needs to be the dog that wags the tail,” says Mr Mishkin. But when market movements have a fairly clear cause—in todays case, the trade war—and the reaction is severe, it is likely that a rate cut will eventually be necessary. The short-term risk of moving in anticipation of events is that the outlook brightens and the rate cut then sparks inflation. Yet to the extent that economic data are telling a clear story, it is that inflation is contained. Consumer-price inflation, for example, slowed to 1.8% in May. That suggests it would be better for the Fed to get on with the rate cuts that the market expects.if you want know more,Download wikifx
add to favorites CFTC Fines Daewoo Securities $700,000 in Spoofing Case Cars
CFTC Fines Daewoo Securities $700,000 in Spoofing Case In settling the CFTC case, Daewoo will pay $700,000 though it didn‘t admit or deny the agency’s allegations.To get more news about wikifx, you can visit wikifx news official website. 　　The Commodity Futures Trading Commission (CFTC) today settled a spoofing case with South Koreas Mirae Asset Daewoo, who the agency said its traders made profits by entering spoofing orders in futures traded on the Chicago Mercantile Exchange (CME). 　　The ex-traders at Daewoo Securities Co. Ltd, a company Mirae acquired after the spoofing issue, on numerous occasions placed orders to buy or sell futures contracts with the intent to cancel those orders before they were executed. The spoofing scheme ran from at least December 2014 through April 2016 and focused on E-mini S&P 500 contracts listed on the CME futures market. 　　In settling the CFTC case, Daewoo will pay $700,000 though it didn‘t admit or deny the agency’s allegations. The CFTC also credited Mirae for its cooperation since learning of the traders‘ misconduct, which the regulator says it expedited the resolution of this matter and reduced the monetary penalty. 　　Spoofing, in general, is a practice in which a trader floods the marketwith fake orders by entering and quickly canceling large buy or sell orders on an exchange, in order to fool other traders into thinking that the market is poised to rise or fall. 　　Regulators stepped up their policing of spoofing 　　The CFTC described the alleged plot, explaining one strategy that Daewoos traders employed and involved three steps. First, the trader placed orders without intending to execute them to try to move prices in their favor. 　　While theres nothing wrong with canceling orders, the regulator said the trader capitalized on the increased buying or selling interest that spoof orders created. He placed the genuine order, which he intended to execute, on the opposite side of the market. Third, the spoof orders were canceled within seconds of the genuine order being filled and only after prices moved in the direction the spoofer wants. 　　As such, Daewoos traders falsely represented they had made bids, and while non-existent trades had taken place to create an illusion to encourage other investors to trade against their genuine orders and move the market for their own benefit. 　　Deutsche Bank, HSBC, and UBS were all hit by spoofing penalties, the largest of which was a $30 million fine for Germanys biggest bank. The Swiss bank UBS has also found itself facing similar accusations after some of its spot traders used phony trade orders to manipulate precious metals futures traded on the COMEX.if you want know more,Download wikifx
add to favorites ECB Inflation Goal Looks Ripe for Change in Lagarde’s Review Cars
ECB Inflation Goal Looks Ripe for Change in Lagarde’s Review European Central Bank watchers are virtually convinced President Christine Lagarde will change the institutions inflation goal for the first time in 17 years as she attempts to achieve the price stability that eluded her predecessor.To get more news about wikifx, you can visit wikifx news official website. Almost 90% of respondents in a Bloomberg survey predicted the ECB will officially alter its strategy to give equal weight to too-low and too-high inflation. Half said the current aim of “below, but close to, 2%” will be made more precise. 　　The ECB is trying to understand why inflation has fallen short despite years of negative interest rates and 2.6 trillion euros ($2.9 trillion) of bond purchases under Mario Draghi, who held the presidency from 2011 until late last year. Clarifying or changing the definition of price stability might help policy makers hit their mandate, though it also risks accusations that theyre simply moving the goalposts. 　　Building Expectations 　　Economists are developing views on results of ECB strategy review 　　With the survey also showing economic concerns easing, Lagarde should have the headroom to conduct the most comprehensive reappraisal since at least 2003 -- lasting most of this year and, in her words, having “no preconceived landing zone.” Shes told Governing Council members she wants to get the process under way at the Jan. 23 policy meeting. 　　Her colleagues have staked out their positions for months, signaling broad support for an evaluation of the inflation goal but no obvious consensus on what should be done with it. 　　Compared with the previous survey in December, an increased share of economists said the ECB will set a more precise inflation goal, and give itself more flexibility to let inflation overshoot. More also predicted that the institution will pick a new inflation measure after growing criticism that the current one from the European Unions statistical office underweights major expenses such as housing. 　　“One plausible outcome of the review is a target range for inflation with a midpoint of 2%,” said Kristian Toedtmann, an economist at DekaBank in Frankfurt. “This would give the Governing Council the flexibility to decide case by case whether some overshooting is appropriate or not.” 　　Lagarde has also promised to consider how the ECB can aid the fight against climate change, calling it mission critical for the institution. It‘s been a thorny topic for some policy makers though, amid concerns the central bank’s focus on price stability may be diluted. More than half of respondents said the ECB wont take the impact of global warming into account when setting its policy this year. 　　In fact, most predicted that not much will change at all in 2020, or in most of 2021. They expect quantitative easing, which was controversially resumed in November, to stay at 20 billion euros a month and be halted around the end of next year. Interest rates are seen as being raised by the second quarter of 2022. 　　ECB Timeline 　　At least the clouds that have darkened the economy for almost two years appear to be lifting slightly. The level of concern over threats including recession and trade war fell to the lowest since April 2018. The U.S. has signed a “phase-one” trade deal with China, and European economic indicators have shown signs of stabilizing, though the U.S. military strike on Iran this month has exacerbated Middle East tensions. 　　That raises the prospect of a debate at the ECBs policy meeting over its description of the risks to its outlook as “tilted to the downside.” Lagarde said in December that such risks have become “somewhat less pronounced,” and Executive Board member Yves Mersch said this week that they are “less skewed.” 　　Risk Profile 　　Threats to euro-area economy continued to recede 　　“Looking forward, the strategy review could be the most excitement well get from the ECB this year,” said Carsten Brzeski, an economist at ING in Frankfurt. “As long as the euro-zone economy moves rather horizontally and some governments start to step up fiscal stimulus, there will be no need to alter the monetary-policy stance.”if you want know more,Download wikifx
add to favorites S&P 500 Retreats Record, Gold and Oil Accelerate, Dollar Avoids Breakdown Cars
S&P 500 Retreats Record, Gold and Oil Accelerate, Dollar Avoids Breakdown Late-in-the-week news that the US killed a top Iranian general unsettled global capital markets and bolstered havens 　　Systemic event risk like geopolitical instability and growth concerns will co-mingle with key events like Friday NFPs 　　Below are links to fundamental and technical outlooks for a range of key markets 　　Recommended by Dimitri Zabelin 　　See the DailyFX analysts Q1 forecasts for key markets. 　　Get My Guide 　　We are coming off of holiday-curtailed conditions and already there is market turbulence showing up in the opening days of 2020. Ahead, the first full week of the year, we will face a new systemic risk that will complicate the familiar themes. Geopolitical tensions are not exactly new for global financial markets, but we have not had to deal with many such threats recently – or at least the market has not paid what has been unfolding any serious mind. That is until now. The news late this past week that the US had struck a base in Iraq that killed one of Irans top generals sent risk-leaning assets like US indices and Yen-based carry trades tumbling while safe havens such as gold have surged. Is this a theme that will usher in a permanent volatility for the new year or will the market retreat back into obliviousness as it did with the last US-Iran flare up？To get more news about wikifx, you can visit wikifx news official website. 　　Geopolitical risks aren‘t the only open-ended theme on tap moving forward. Trade wars, recession fears and monetary policy will all stir in the week ahead. From the trade perspective, the US and China are supposedly due to sign the phase one deal the week after, but former’s conflict with Europe is still on the path of escalation. For growth concerns, the optimism in a trade thaw is threatened by the manufacturing tremor seen in data this past week. The United States ISM service sector report will speak to that concern particularly. Then there is Friday NFPs, an event capable of charging trader interest all itself; but also a key measure for monetary policy considerations. 　　All of this event risk – scheduled and unscheduled – will be met with a more rapt audience than we have seen in previous months. With evidence of volatility already in hand, there is a higher probability that sparks can trigger more significant movement moving forward. That could prove remarkable for charts like the S&P 500 which is just off record highs or gold which is on the cusp of reaching a new multi-year peak of its own. Meanwhile, crude oil prices are moving out of a well-established range while EURUSD is threatening to do the same. Has the fuse been lit for these key markets Gold prices have recovered a little over five percent after bottoming out in November, and upside momentum continues to be strong as XAU/USD approaches a key resistance range. 　　Australian Dollar Rides High on Trade Hopes But Watch Geopolitics 　　The Australian Dollar has gained sharply on a broad improvement in global risk appetite. That seems unlikely to be derailed this week, but watch events in the Middle East closely 　　Gold (XAU) Weekly Forecast: Gold Price Surges as US-Iran War Drums Begin to Beat 　　Diplomatic relations between the US and Iran have deteriorated rapidly and any further escalation of military action between the two will drive further demand for safe-haven assets. 　　GBP/USD Weekly Forecast: Transition Period Rhetoric Key to Sterling Outlook 　　Pound trades on the defensive to begin the year as UK data remains soft. Next Week will see US NFP in focus, while UK PM Johnson meets Von Der Leyen. 　　Sterling Price Outlook: British Pound Battle Lines Drawn into 2020 　　Sterling is virtually unchanged this week with price threatening a larger pullback into the January open. Here are the levels that matter on the GBP/USD weekly chart. 　　Australian Dollar Outlook: Uptrend Versus USD, JPY, CAD at Risk？ 　　The Australian Dollar lost momentum and is more at risk to reversing against the US Dollar. For now, key support keeps uptrends in AUD/USD, AUD/JPY, AUD/CAD and GBP/AUD intact.A flare-up in US-Iran tensions saw risk aversion spike on Friday as investors assessed the potential for a wider conflict. Will geopolitics erode the Dow Jones and DAX 30 further？ 　　US Dollar Reversal Staves Off Bear Trend, But Will Support Hold？ 　　A holiday bounce fended off what could have otherwise been a progressive bearish reversal for the US Dollar. With a three-month gradual bearish slide and a few key support levels broken, what is next？ 　　Canadian Dollar Forecast: USD/CAD, NZD/CAD, CAD/JPY and GBP/CAD 　　The Canadian Dollar could be on the verge of breaking out against the US Dollar after prolonged consolidation. NZD/CAD and CAD/JPY may decline as GBP/CAD aims cautiously higher. 　　US Dollar Outlook Brighter in New Year After Late-2019 Drop 　　The US Dollar may return to the offensive as 2020 gets underway after a selloff in the final months of last year brought the currency to an eight-month low.if you want know more,Download wikifx
add to favorites Here are Virginia’s ‘luckiest’ stores to buy a lottery ticket Cars
Here are Virginia’s ‘luckiest’ stores to buy a lottery ticket Looking to buy a lottery ticket as a gift for someone? Wouldn’t it be nice to know where the best place is to buy a winning ticket?Get more news about 彩票包网平台,you can vist loto98.com 10 News crunched the data and has an answer to that very question. We reached out to the Virginia Lottery and received information about all 40,287 winning tickets, worth at least $600, claimed between Nov. 1, 2018, and Oct. 31, 2019, across Virginia. The reason we chose $600 as the qualification for the data is that that’s the dollar amount that is the federal threshold to report gambling winnings when filing taxes.Since you may not want to drive up to the K-1 Dairy Store in Arlington, here’s a breakdown of the 10 stores that sold the most winning tickets in Southwest and Central Virginia: Wanting to look at the data in a more visual manner, we contacted our partners at Esri to take the massive amount of data we received from the Virginia Lottery and put it on a map. In the map below, each store that sold a winning lottery ticket is a circle. The bigger the circle, the more tickets that store sold. The color of each circle also has significance. The darker the color, the more lottery tickets were sold in that general area according to demographic data provided by Esri.
add to favorites Disney tests reopening strategy at Shanghai Disneyland Cars
Disney tests reopening strategy at Shanghai Disneyland Walt Disney Co. will kick off its strategy next week to begin restoring its lucrative parks business that has suffered $1 billion in lost profits from the coronavirus-led shutdown. Disney said on Tuesday it will reopen its Shanghai Disneyland park on May 11 but severely limit the number of guests and enforce strict social distancing measures on rides and in restaurants.To get more shanghai breaking news, you can visit shine news official website. The plans provide a glimpse at how the company - which in previous quarters generated a third of its revenue from parks, experiences and consumer products - will recover from the pandemic. “We will take a phased approach with limits on attendance using an advanced reservation and entry system, controlled guest density using social distancing and strict government required health and prevention procedures,” Disney Chief Executive Officer Robert Chapek said on a conference call with analysts after reporting second-quarter earnings. “These include the use of masks, temperature screenings and other contact tracing and early detection systems.”Executives said they have “limited visibility” over the timing on when other parks, stores and the company’s cruise line would reopen. The stakes are high: more than half of the $1 billion in second-quarter operating profit declines came from just two weeks of closure of Disney’s U.S. parks, Chief Financial Officer Christine McCarthy told analysts on Tuesday, with the rest coming from the closure of parks in Asia and its smaller, but popular cruise business. To quickly reduce overhead, Disney furloughed more than 120,000 employees in April.Chapek said the company would only reopen locations that would not lose money.“We would not reopen any park unless we can make at least a positive contribution to that overhead and operating profit level,” he said. In China, Disney executives explained, the company will take it slow to test new ideas. Guests at Shanghai Disneyland will be required to purchase admission tickets valid on a selected date only, and annual pass holders will need to make a reservation prior to arrival. Ride vehicles, lines and restaurants will be set up to follow social distancing guidelines. Guests and employees will be required to wear masks, which guests can remove when dining. Guests’ temperatures will be screened and the park will use the government-issued Shanghai Health QR code, a contact tracing and early detection system used in China. Sanitization and disinfection will occur more frequently, the company said. Disney Chief Medical Officer Dr. Pam Hymel said the company is exploring ways to use technology such as its Play Disney Parks App to help with those efforts, according to a Disney blog post on Tuesday. Reuters previously reported that guests could be notified via app or another technology when they can go on a ride or in a restaurant to eliminate lines. Chapek said Shanghai Disney Resort, which includes Shanghai Disneyland theme park and other properties that have previously been reopened, tends to attract 80,000 guests a day.The Chinese government is limiting that capacity to 24,000 daily guests but Disney is planning to open the park “far below” that capacity to try out new procedures, Chapek said. After a few weeks park attendance will be up to the government’s guidelines, he added.
add to favorites Disney sets Shanghai Disneyland reopening date as theme parks take $1 billion hit Cars
Disney sets Shanghai Disneyland reopening date as theme parks take $1 billion hit Disney announced plans to reopen Shanghai Disneyland next week after a three-month coronavirus closure as the company revealed its theme park division absorbed a $1 billion loss as a result of the COVID-19 pandemic that has shuttered all of its parks around the globe.To get more shanghai news today, you can visit shine news official website. Disney’s dependence on big crowds has made the Burbank company’s sprawling empire of theme parks, hotels, restaurants, shops, movie studios, theatrical shows, cruise ships and sports networks particularly vulnerable to the COVID-19 pandemic. New Disney CEO Bob Chapek and Executive Chairman Bob Iger outlined the company’s financial troubles on Tuesday, May 5, during the first earnings report since the coronavirus crisis hit the United States.While the COVID-19 pandemic has had an appreciable financial impact on a number of our businesses, we are confident in our ability to withstand this disruption and emerge from it in a strong position,” Chapek said in a statement. “Disney has repeatedly shown that it is exceptionally resilient, bolstered by the quality of our storytelling and the strong affinity consumers have for our brands, which is evident in the extraordinary response to Disney+ since its launch last November.” The Shanghai Disneyland theme park will reopen on Monday, May 11, Chapek said. The Shanghai Disneyland resort had previously reopened its outdoor shopping district and a hotel. Capacity and density will be reduced and health and safety protocols will be introduced at Disney theme parks, Chapek said.While it’s too early to predict when we’ll be able to begin resuming all of our operations, we are evaluating a number of different scenarios to ensure a cautious, sensible and deliberate approach to the eventual reopening of our parks,” Chapek said on the earnings conference call. Disney’s theme park division took a $1 billion hit in operating income in the second quarter due to the COVID-19 pandemic. Revenue declined $628 million for the quarter for Disney’s Parks, Experiences and Consumer Products division. Disney has paused $900 million in construction and refurbishment projects at its theme parks as a result of the coronavirus outbreak.Attendance and visitor spending at Disney’s U.S. parks had been higher prior to the closure of the Disneyland and Walt Disney World resorts amid the COVID-19 pandemic. Attendance at Disney’s U.S. theme parks was down 11% during the quarter. People find comfort and inspiration in our messages of hope and optimism,” Iger said on the conference call. “We believe people will resume familiar activities once this crisis ends. They miss doing the things they enjoy. Things that make them feel happy and connected with family and friends.” The COVID-19 pandemic has devastated the entertainment giant. Disney’s 12 theme parks around the globe are shuttered. The company’s eight movie studios are at a near standstill. Disney’s four cruise ships are docked under a no-sail order. Its three Broadway shows have gone dark. ESPN has no live sports to broadcast. The lone bright spot: The Disney+ and Hulu streaming services are humming with so many stay-at-home orders. “The response to Disney+ in particular has exceeded even our highest expectations,” Chapek said on the conference call.Disney’s second quarter earnings report only offers a glimpse of the fiscal pain the company is facing — capturing only the first two weeks of the COVID-19 crisis in the U.S. that is now approaching the two-month mark.
add to favorites Disney sets Shanghai Disneyland reopening date as theme parks take $1 billion hit Cars
Disney sets Shanghai Disneyland reopening date as theme parks take $1 billion hit Disney announced plans to reopen Shanghai Disneyland next week after a three-month coronavirus closure as the company revealed its theme park division absorbed a $1 billion loss as a result of the COVID-19 pandemic that has shuttered all of its parks around the globe.To get more shanghai news today, you can visit shine news official website. Disney’s dependence on big crowds has made the Burbank company’s sprawling empire of theme parks, hotels, restaurants, shops, movie studios, theatrical shows, cruise ships and sports networks particularly vulnerable to the COVID-19 pandemic. New Disney CEO Bob Chapek and Executive Chairman Bob Iger outlined the company’s financial troubles on Tuesday, May 5, during the first earnings report since the coronavirus crisis hit the United States.While the COVID-19 pandemic has had an appreciable financial impact on a number of our businesses, we are confident in our ability to withstand this disruption and emerge from it in a strong position,” Chapek said in a statement. “Disney has repeatedly shown that it is exceptionally resilient, bolstered by the quality of our storytelling and the strong affinity consumers have for our brands, which is evident in the extraordinary response to Disney+ since its launch last November.” The Shanghai Disneyland theme park will reopen on Monday, May 11, Chapek said. The Shanghai Disneyland resort had previously reopened its outdoor shopping district and a hotel. Capacity and density will be reduced and health and safety protocols will be introduced at Disney theme parks, Chapek said.While it’s too early to predict when we’ll be able to begin resuming all of our operations, we are evaluating a number of different scenarios to ensure a cautious, sensible and deliberate approach to the eventual reopening of our parks,” Chapek said on the earnings conference call. Disney’s theme park division took a $1 billion hit in operating income in the second quarter due to the COVID-19 pandemic. Revenue declined $628 million for the quarter for Disney’s Parks, Experiences and Consumer Products division. Disney has paused $900 million in construction and refurbishment projects at its theme parks as a result of the coronavirus outbreak.Attendance and visitor spending at Disney’s U.S. parks had been higher prior to the closure of the Disneyland and Walt Disney World resorts amid the COVID-19 pandemic. Attendance at Disney’s U.S. theme parks was down 11% during the quarter. People find comfort and inspiration in our messages of hope and optimism,” Iger said on the conference call. “We believe people will resume familiar activities once this crisis ends. They miss doing the things they enjoy. Things that make them feel happy and connected with family and friends.” The COVID-19 pandemic has devastated the entertainment giant. Disney’s 12 theme parks around the globe are shuttered. The company’s eight movie studios are at a near standstill. Disney’s four cruise ships are docked under a no-sail order. Its three Broadway shows have gone dark. ESPN has no live sports to broadcast. The lone bright spot: The Disney+ and Hulu streaming services are humming with so many stay-at-home orders. “The response to Disney+ in particular has exceeded even our highest expectations,” Chapek said on the conference call.Disney’s second quarter earnings report only offers a glimpse of the fiscal pain the company is facing — capturing only the first two weeks of the COVID-19 crisis in the U.S. that is now approaching the two-month mark.
add to favorites Caution urged over Madagascar's 'herbal cure' Cars
Caution urged over Madagascar's 'herbal cure' The country's national medical academy (Anamem) has also cast doubt on the efficacy of Andry Rajoelina's touted prevention and remedy.To get more news about chinese herbal medicine, you can visit shine news official website. It said it had the potential to damage people's health as its "scientific evidence had not been established". The plant-based tonic is to be given free of charge to the most vulnerable. Launched as Covid-Organics, it is produced from the artemisia plant - the source of an ingredient used in a malaria treatment - and other Malagasy plants.It was being marketed in a bottle and as a herbal tea after being tested on fewer than 20 people over a period of three weeks, the president's chief of staff Lova Hasinirina Ranoromaro told the BBC. Tests have been carried out - two people have now been cured by this treatment," Mr Rajoelina said at the launch of Covid-Organics at the Malagasy Institute of Applied Research (Imra), which developed the tonic. "This herbal tea gives results in seven days," said the 45-year-old president, who also urged people to use it as a preventative measure. "Schoolchildren should be given this to drink... little by little throughout the day," he told the diplomats and other dignitaries gathered for the launch. Dr Charles Andrianjara, Imra's director general, agreed that Covid-Organics should be used for prevention. He was more cautious about its use as a cure, but said that clinical observations had shown "a trend towards its effectiveness as a curative remedy", the AFP news agency quotes him as saying.In response to the launch of Covid-Organics, the WHO said, in a statement sent to the BBC, that the global organisation did not recommend "self-medication with any medicines... as a prevention or cure for Covid-19". It reiterated earlier comments by WHO head Tedros Adhanom Ghebreyesus that there were "no short-cuts" to finding effective mediation to fight coronarvirus.Ms Ranoromaro said President Rajoelina was aware that the WHO had to abide by its protocols but said it came down to a matter of sovereignty. "He has duty to Malagasy people," she said. 'Bubonic plague' Professor Brian Klaas, an expert on Madagascar at University College London, said Mr Rajoelina's stance could cause Malagasy citizens more harm than good. "It's dangerous for two reasons - one is that some people will be taking it who should not be taking it," he told BBC Newsday. "And secondly that it will give people a false sense of security, so they'll end up doing things that they would not otherwise have done and put themselves and others at greater risk." If the virus did begin to spread, it could be "devastating" as the country's healthcare system was weak, with only six ventilators for a population of 27 million people, he said. "It's also one of the reasons why the island is one of the only places on the planet that regularly has outbreaks of bubonic plague, which is readily cured with the right medicine."
add to favorites It turns out no one should have been buying lottery tickets Cars
It turns out no one should have been buying lottery tickets at shops during lockdown The lottery is not classified as an essential service and tickets may not be sold during the Covid-19 lockdown, Trade and Industry Minister Ebrahim Patel said during a media briefing on Saturday.Get more news about 彩票包网平台,you can vist loto98.com Despite the restriction on ticket sales, Ithuba went ahead with a massive R228 million PowerBall and PowerBall Plus jackpot draw on Friday night, and the draw also took place on Saturday night for the Lotto. Friday was the biggest lottery jackpot since 2015 and the fourth biggest since the lottery was launched in South Africa almost two decades ago. Patel, who has oversight over the lottery, said he had told officials from his department to instruct the National Lotteries Commission (NLC) to issue a statement “clarifying that [the sale] of Lotto tickets is not permitted during this period”. GroundUp reported on Friday that while all other in-person forms of gambling had been stopped because of the stringent lockdown regulations, the sale of lottery tickets by retail outlets was continuing. Patel was responding to a question about why the sale of lottery tickets was still permitted.A statement issued by NLC spokesman Ndivuho Mafela on 3 April indicated that there was an exemption allowing the sale of lottery tickets during the lockdown. “As the regulator of the National Lottery, the NLC has taken note of the Presidential lockdown directive and, as such, has activated an exemption clause on lottery play in South Africa,” Mafela said in the statement. Specific questions about this exemption sent to Mafela, Ithuba spokesperson Busi Msize and DTI Trade and Industry spokesman Sidwell Medupe prior to the publication of Friday’s story were ignored by all three of them. But Patel’s response during the media conference cast doubt on whether the NLC had applied for — or been granted — an exemption on lottery ticket sales. “The rules are absolutely clear … [they] are not an essential product,” Patel said in response to the question. “They are not in the regulations as an essential product and so Lotto tickets are not able to be sold … They should not be sold at the moment.” Patel said it had been brought to his attention on Friday that there were “claims” that lottery tickets were being sold.“I had asked my officials to make it very clear to the NLC that they needed to issue a statement clarifying that Lotto tickets are not permitted in this period,” Patel said. In response to the Minister’s instruction, the NLC, on Saturday afternoon, issued a statement confirming that “the sale of lottery tickets at retailers is not classified as an essential good”.The statement added: “The sale of National Lottery tickets at retail terminals is prohibited during the national lockdown.” It did not explain why the NLC had earlier claimed to have an “exemption” allowing lottery ticket sales to continue.Although the minister addressed the prohibition on the sale of lottery tickets in general, it is clear from the statement that the NLC plans to only halt sales at retail outlets and to allow online ticket sales. For the past few weeks, both the NLC and Ithuba have actively promoted online ticket sales, via the lottery’s own app and banking platforms.
add to favorites Weakness Likely to Persist in Early 2020 Before Rallying Later in The Year Cars
Weakness Likely to Persist in Early 2020 Before Rallying Later in The Year The persistent weakness of the Euro against the US Dollar, which began in late September 2018, will likely persist in the first few months of 2020 although a rally could follow as the US Presidential Election in November comes closer and climbs up the trading agenda.To get more news about wikifx, you can visit wikifx news official website. 　　For the Euro, the key problem is that economic growth in the Eurozone remains weak and the European Central Bank may therefore decide to ease its monetary policy even further. With the ECB deposit rate currently at -0.5% that might seem fanciful but there is nothing to stop its Governing Council from lowering the rate to -0.6% or -0.7%, even though market pricing towards the end of 2019 was still suggesting that rates will be on hold throughout 2020. 　　New ECB President, Old ECB Policy 　　Moreover, and perhaps more importantly, there is nothing to stop the ECB from increasing the asset purchase program that it restarted in November 2019 at a monthly rate of €20 billion or from widening the array of assets that it buys. It could also amend its forward guidance to suggest that monetary policy will be eased even further if seen as necessary. The previous ECB President Mario Draghi told his successor Christine Lagarde to “never give up” on propping up the Eurozone economy and that is advice she will surely take. There can also be little doubt that Lagarde will remain dovish and continue to press the Eurozones governments to ease fiscal policy by spending more or taxing less to help boost economic growth.if you want know more,Download wikifx
add to favorites Amazon effect to overhaul home-buying, mortgages with 5-day closings Cars
Amazon effect to overhaul home-buying, mortgages with 5-day closings 　　Business Insider is polling experts around Wall Street to learn what different areas of finance will look like in 2030. The home-buying industry transformed over the past decade, as it recovered from its disastrous role in the global financial collapse.We asked execs at companies innovating in the home-lending industry about what changes they see coming in the next decade. Experts expect the industry, which is still bogged down in byzantine, paper-heavy steps, to rapidly evolve in the coming years as the Amazon effect hits mortgage providers. In the not-too-distant future, tech advancements and continued partnerships between banks and fintechs could mean home-closings happen in days instead of dragging on for weeks. Visit BI Prime for more stories.Home ownership is intrinsic to the American dream. To get more news about wikifx, you can visit wikifx news official website. But at the start of this decade, the notion had taken on the spectre of nightmare — a white-picket fence charred and mangled by excess, neglect, and complacency.The mortgage industry took center stage in the global financial collapse in 2008 and 2009, revealing an antiquated, deeply flawed process that, instead of serving as a beacon of prosperity and wealth, rained financial destruction upon millions of Americans. But destruction often affords the opportunity for rebirth.The ensuing years have been spent clearing the detritus and installing safeguards to prevent such calamity in the future.They've also seen leaders in the home-lending industry — from tech startups propelled by a flood of VC cash to old-school stalwarts looking to keep pace or make amends for prior sins — use the disaster from the aughts as a chance to rethink and reimagine a cumbersome, inefficient system.We've traded robo-signing scandals — when thousands of lending employees, tasked with processing a glut of foreclosures, robotically and fraudulently signed off on piles of paperwork without verifying or vetting it, leading to billions in settlements against the largest financial institutions — for algorithmic underwriting and digital documentation that streamlined lending and, in some cases, reduced discrimination. Instead of filling out reams of paper in a stuffy bank office, today people can apply for a mortgage from the comfort of a smartphone.“The mortgage-application process has been revolutionized by technology, allowing homebuyers to complete online what used to be a heavy load of paperwork,” Steve Boland, head of consumer lending at Bank of America, told Business Insider. It hasn't been perfect though. Some argue lending standards ratcheted up too much in reaction to the freewheeling pre-crisis era. 　　“The financial crisis at the start of the decade really set the stage and has had widespread ramifications on the housing market,” Jason Bateman, head of Redfin Mortgage, said. “While credit standards were far too loose in 2006-2007, it's clear the pendulum swung way too far in the other direction.”Jamie Dimon, CEO of JPMorgan Chase, has railed against the perils of mortgage overregulation in public appearances as well, blaming it for preventing multitudes of would-be first-time homebuyers from claiming a piece of the American dream.And even with with all the technological improvements, the system often remains bogged down in enormous loads of paper, with mortgage application files still frequently running hundreds of pages long. But the next 10 years offer another opportunity to push the industry forward. We polled a handful of executives from innovative home-lending firms about what kind of changes would reshape the industry by 2030. From closings in five days, to “everything stores” for homebuying, to a massive generational shift between boomers and millennials, here's how mortgage experts say the industry could change over the next decade. The Amazon effect hits homebuyingWhen we asked executives about the most significant changes they expected in the coming years, there was harmony in the belief there was a lot of fat still to trim in the system.“While owning a home has long been the cornerstone of the American dream, it's head-scratching that in today's on-demand Amazon and Venmo digital world, the mortgage industry — with $15 trillion in assets — has remained painfully analog and plagued with inefficiencies,” said Vishal Garg, cofounder and CEO of mortgage-tech startup Better.com, a rapidly growing digital lending startup that has attracted more than $200 million in funding from backers.That sentiment was echoed by Nima Ghamsari, cofounder and CEO of Blend, another mortgage-tech startup that has raised nearly $300 million in funding and has more than 170 lending clients.“We will see a major shift in how the homebuying process happens. Right now, despite all the progress we've made as an industry, buying a home involves dozens of steps,” Nima Ghamsari, cofounder and CEO of Blend, said. “All of them are manual and require a lot of effort from the homebuyer.”Garg said he expected the “Amazon effect” to hit the mortgage industry, eventually allowing customers to deal with the process in one place — realtor, financing, title insurance, homeowners insurance, appraisals.Part of the inefficiency of the current system comes from customers having to jump through hoops and coordinate with a different service providers, which “puts a lot of pressure on the buyer and often her agent to quarterback the transaction and keep everyone informed and on track,” said Bateman, whose firm started out as a digital brokerage but has added mortgage and title capabilities. “The holy grail that we're all working toward is the end-to-end buying experience,” Bateman added.“ The holy grail that we're all working toward is the end-to-end buying experience,” Bateman added.Fintechs that started out focused on simplifying and automating mortgage applications and platforms have been using the large sums of investment capital they've attracted to build out their capabilities, adding services like title and homeowners insurance, home-equity loans, realtor and appraisal networks. “In the next decade, we'll eliminate paper and friction from the homebuying journey and give consumers a one-stop shop where they can access all the tasks to get into a new home,” Ghamsari said. Banks and tech startups will continue to join forces In recent years, incumbents like JPMorgan Chase, Wells Fargo, and Ally have been handing off key components of their mortgage businesses to scrappy tech startups like Better, Blend, and Roostify.With margins thinning and competition intensifying from nonbank lenders like Quicken Loans and LoanDepot, a topflight digital-mortgage offering is becoming a standard requirement for banks. But the relationship is symbiotic. Part of the reason banking giants are investing in digital lending startups — Ally, Citi, Goldman Sachs, JPMorgan, Santander, and Wells Fargo have each put up capital — in addition to partnering or buying their services off the shelf is they recognize the value of these startups can grow dramatically with the scale and brand recognition that banks provide. “Whereas incumbents value startups for their speed and the opportunity to stay on top of potentially disruptive innovations, startups benefit from the scale and resources offered by larger established firms,” Garg said. Bank of America has been an exception to the trend, electing to dedicate a large chunk of its $10 billion annual tech spend to upgrading its internal and consumer-facing mortgage platforms, rather than outsourcing.
add to favorites Microsoft built a wall around its customers that could stop Slack's growth in its tracks Cars
Microsoft built a wall around its customers that could stop Slack's growth in its tracks Slack's growth prospects in a critical market will face an imposing wall erected by Microsoft, according to a report by Wedbush securities.Microsoft Teams, a competing product to Slack, is available free to business customers of Microsoft Office 365. That will keep many Microsoft enterprise customers from moving to Slack, according to the report.Large enterprise customers are especially important to Slack's future revenue potential.“To get more news about wikifx, you can visit wikifx news official website. The Slack solution is impressive and represents a strong growth opportunity, however we believe penetrating this next phase of enterprises will be incrementally more difficult as the Microsoft/Teams value proposition presents a major competitive hurdle going forward in sales cycles,” Wedbush analysts Daniel Ives and Strecker Backe wrote.Microsoft has claimed it has more daily active users than Slack, at 13 million. While Slack has responded and said it had 12 million and highlighted user engagement figures which it says show how much people like using the app. Click here for more BI Prime stories.One out of every ten Microsoft enterprise customers might switch to Slack, the upstart office collaboration tool. And that's not good news for Slack. The San Francisco company is valued at roughly $10 billion by public market investors who are betting that Slack's passionate “cult” user base will help it become a standard workplace tool — as common as email and mobile phones — in the corporate world. But according to a recent report by Wedbush Securities analysts Dan Ives and Strecker Backe, Slack's growth prospects might not be as wide open as investors believe. In particular, Ives reckons, Slack is about to crash into a Microsoft wall. “Only 10% to 15% of the core Microsoft enterprise customer base is potentially 'in play' for Slack,” Ives and Backe write in a recent note to investors initiation coverage of Slack with an “Underperform” rating.Microsoft has a rival product called Teams that offers similar capabilities and is available free to existing Microsoft Office 365 business customers. “We have spoken to many enterprise customers that have seriously contemplated Slack's enterprise tier solution, but in the final IT decision was viewed that Teams services will suffice with no extra charge for Office 365 customers,” the Wedbush report says.What's more, Microsoft CEO Satya Nadella is putting a lot of resources behind the Teams product to blunt the threat Slack presents to “wall-to-wall Microsoft shops,” the analysts say.Earlier this year Microsoft claimed it had about 13 million daily active users, which it said put it ahead of Slack. Slack responded last month saying it had 12 million daily active users. That's less than Teams but Slack was careful to highlight its user engagement figures, which it said showed how much people like using the app.Slack offers a freemium model where customers start on a free plan and then can move up to paid offerings ranging from standard to plus to enterprise. The company has 100,000 paying customers as of Q2 2020. Slack CEO Stewart Butterfield has said that's still the way the company acquires most paid customers. “Its individual work groups, like some one person says we should check this out and they get 2 to 3 and then 5 or 8 or 15 people using it and that happens over and over again across the company,” Butterfield said at a conference in Laguna Beach last month. 　　Slack is among a string of tech startups focused on corporate customers to recently enter the public markets. Zoom which provides video conferencing tools for companies using a similar “freemium” model, was one of the most successful public offings of the year, with its stock now trading at roughly double the level of its IPO price.Slack, which went public in June via an unorthodox direct listing, has seen its share sink about 47% below the level of its first days on the market.If not Microsoft customers, then who？If Wedbush's bleak view of Slack's prospects with Microsoft customers proves true, Slack will need to find its growth elsewhere. Ives said Slack's challenge will be to get the roughly 500,000 organizations that use Slack's free platform option to covert to paid users and drive growth over the next three to five years.He does think Slack will continue to do well with small business and startups and mid-market companies. “I think their sweet spot is 500 to 2,000 seat enterprises that tend to be more next generation type companies,” Ives said. Ives does see Slack's integrations with other services as an advantage, and that it offers a “sophisticated search and collaboration software that is embedded within an organization's workflow with topic, historical data maintenance, and group based features that are difficult for competitors to replicate.” However, that may not be enough to take a significant portion of the market and beat Microsoft. “The next step of growth will be a major uphill battle” for Slack, says Ives.if you want know more,Download wikifx
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Bank of America client talking points on how to apply for PPP loans Bank of America's Merrill Lynch Wealth Management is readying staff for the next round of small business funding set to resume on Monday, according to a memo reviewed by Business Insider.The firm provided talking points to employees around how to engage with clients.Even if federal funds run dry, the firm will keep processing applications “in anticipation of additional funding becoming available, unless we receive different guidance from the government.”The memo sent out on Friday afternoon highlights how the bank, the first major lender to begin executing on the Paycheck Protection Program earlier this month, is prepping for a new flood of applications.Visit BI Prime for more stories.To get more news about wikifx, you can visit wikifx news official website. 　　As small businesses brace for another sprint to apply for federal relief during the coronavirus pandemic, Bank of America, the second-largest US bank, is preparing staff for the next round set to resume on Monday.The firm's Merrill Lynch Wealth Management unit is providing staff with approved talking points around engaging with clients and a reference list of frequently asked questions, according to a memo reviewed by Business Insider.Many Merrill staffers were recently shifted from their normal responsibilities into roles helping small business customers of all sizes. The firm expects that if the federal funds for small businesses in distress run dry, as the initial $349 billion set aside for aid was exhausted in just two weeks earlier this month, it will continue processing applications. 　　“If current funding is no longer available, we expect we will continue to process applications on behalf of our clients in anticipation of additional funding becoming available, unless we receive different guidance from the government,” the memo, signed by Merrill chief operating officer Kirstin Hill, said.“It is widely recognized that it will likely not be enough to meet the extreme need and demand, and it remains to be seen if more funding will be provided by Congress,” Hill said. “We hope so, and in the meantime, remain focused on helping our clients process their applications as soon as possible.” The memo sent out on Friday afternoon offers a window into how the bank is preparing for a new rush of small business loan applications at a historic moment of coordination between big banks and the federal government in offering a cushion to small businesses. A company spokesperson confirmed the contents of the memo. The Small Business Administration is set to start accepting new applications again on Monday. President Donald Trump on Friday signed into law a new $484 billion relief bill, which includes $310 billion in new funds set aside for the PPP. 　　“It is critical our clients engage with us quickly as each step of the process moves forward, and we are reaching out to them in a variety of ways to make clear what they need to do,” Hill wrote in the memo. “We are not sending general information broadly to clients.” Charlotte, North Carolina-based Bank of America was the first major lender to begin executing on the Paycheck Protection Program when the application portals first opened on April 3. Chief Executive Brian Moynihan said earlier this week at the firm's annual shareholder meeting, held remotely, that it's received 390,000 applications for more than $50 billion in SBA loans.“We are in a war against COVID-19,” Moynihan said, adding the firm has processed and funded “thousands of applications worth billions of dollars, and those have gone out to our customers,” according to a transcript on the financial research platform Sentieo. 　　In the memo's talking points for engaging with clients around PPP, intended “for verbal use only with clients,” it includes a reminder that Bank of America has continued processing loan applications “in anticipation of the SBA beginning to accept loan applications again.” Within the frequently asked questions described in the memo, the firm reminds staff that clients who have already submitted applications to do not have to reapply for funds now that SBA has secured them. Another point answered a sample question concerning what order Bank of America is submitting loans to the SBA for approval: “When loan applications are complete, including all required documents and review, they enter the queue for submission to the SBA.”if you want know more,Download wikifx
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Stock market crash: Weak profit growth and recovery risk a new plunge Andrew Lapthorne, the global head of quantitative research at Societe Generale, is skeptical of forecasts for a “perfect” v-shaped recovery in corporate earnings. The consensus forecast among analysts is that by the end of 2021, profits will be growing at nearly the same rate as they were in late-2019.Lapthorne considered the unique nature of this crisis and concluded that the consensus is too optimistic.Click here for more BI Prime stories.To get more news about wikifx, you can visit wikifx news official website. 　　Wall Street's expectations for recovery from the coronavirus crisis seems too good to be true. That's according to Andrew Lapthorne, the global head of quantitative research at Societe Generale. He is skeptical that the stock market's strong rebound from its trough in March matches up with the reality that will unfold in the months ahead. In particular, Lapthorne is skeptical of the “perfect” recovery that is reflected in real-time consensus forecasts for earnings, the biggest long-term driver of stock prices. Data he compiled shows that analysts expect global profits to fall by 21% this year and then rise 21% in 2021.In other words, the prediction is that economic conditions will recover so quickly that by December 2021, corporate profits will be back to where they were when COVID-19 began to spread in late-2019. In the alphabet soup of economic scenarios, analysts expect a V-shaped recovery that is turbocharged by effective containment of the outbreak and abundant government stimulus.Many countries around the world are clearly not close to fully reopening their economies. But the latter condition — stimulus — has been successful and unprecedented, ranging from the Federal Reserve's purchases of select junk-rated corporate debt to the checks wired straight to Americans' accounts. 　　Loading 　　Something is loading. 　　This helps explain why the S&P 500 has already retraced more than half of its losses after its fastest 30% decline ever. Once again, investors are buying equities knowing fully well that the Fed is ready to act as lifeguard. 　　“Yet there is zero evidence historically that markets can go up on a sustained basis whilst profits continue to slump,” Lapthorne said. “Equity markets may have bounced but investors still seem to be positioning themselves for a drop.”For proof of the ongoing risk to corporate profits, keep tabs on what companies are doing with their cash. Goldman Sachs strategists estimate that cash spending among S&P 500 companies will fall by a record 33% to $1.8 trillion this year. The decline includes cuts to dividends — another area where proof of cashflow constraints can be found. By adjusting for the expected drop in EPS this year, UBS estimates that the median S&P 500 dividend will fall 28% to $1.47. The largest expected dividend reductions are in cyclical sectors like energy and materials.Lapthorne is not the only strategist concerned that earnings expectations are still too high, even though they have been reined in by the pandemic. 　　“We are concerned 2021 numbers now need to be cut more aggressively,” said Lori Calvasina, the head of US equity strategy of RBC Capital Markets, in a recent note. Her 2021 EPS forecast that factors in a “healthy economic recovery and margin expansion” is $153, below the consensus forecast for $170.In addition, she noted that several executives have told analysts on earnings calls that the journey to get the economy back to its pre-coronavirus strength will be slow and uneven. These observations contrast the market's march higher — at least in Lapthorne's books. And the mismatch is one that may be corrected by another sell-off.if you want know more,Download wikifx