Oil May Decline on Plunging Wall Street & Soaring VIX

On Thursday, the Wall Street saw a sharp drop ahead of the upcoming non-farm payrolls; The fear index (VIX), a popular measure of the stock market's expectation of volatility, largely rallied to an intraday high of 35.94% from 25.66%; WTI crude further penetrated the level of $41.30 to an intraday low of $40.22.To get more news about WikiFX, you can visit wikifx official website.
　　As the FED Chair Powell has repeatedly emphasized the importance of labor data earlier, bulls took profits before the release of non-farm payrolls, which punished U.S. stocks after fresh highs in a row.
　　On the other hand, Markit announced yesterday that its final reading of the Services PMI was 55, indicating the U.S. economy is regaining energy. However, such recovery occurs in an imbalance way as the activities of consumer-oriented sectors are still falling steadily due to the continuous practice of social distancing.
　　Moreover, the uncertainty in Sino-U.S. trade also curbs markets' bullish outlook. The Wall Street may see its short-term loss deepened in future tradings, and the downside may be steep if the upcoming non-farm payrolls prove to be poor.

　　WTI is struggling around the level of $41.30 and may further test the support here in the short run, while a breach below the level may bring $34.50 on the radar in the medium run. The factor that most limits oil prices is the sluggish revival of demand due to the uncertainty in global economic recovery. Consequently, oil prices are expected to be weak before the good news about vaccines being more specific.
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Market Research Engine has published a new report titled as “Visualization and 3D Rendering Software Market Size by Deployment Type (Cloud, On-Premises), By Application (Marketing and Advertisement, Training Simulation, High-End Video Games, Architectural and Product Visualization), By End-User (Design and Engineering, Healthcare and Life Sciences, Academia, Architecture, Building, and Construction, Media and Entertainment), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2020-2025”.
Visualization and 3D rendering software are used for creating graphical interfaces and displays for software solutions and converting 3D models into 2D images or videos. Visualization software contains graphical objects and components which are used for applications and displays with the assistance of software editors. This software is employed for graphical user interfaces in industries to display the specified information in an efficient manner. 3D rendering software are used for creating 2D image or animation from the established scene with 3D effects. Visual presentation is that the best sort of marketing nowadays as social media has become immensely powerful channel. 3D rendering supports in presenting the promotional photos and videos in a beautiful way. This visualization and 3D rendering software are used extensively in architectural & designer firms, visual effect companies, automotive, telecommunication and other industry segments. Rendering is that the final process of making the particular 2D image or animation from the prepared scene. 3D rendering software takes user-created 3D models and place them into 3D environments or images. With 3D rendering programs, graphic designers and media developers can insert disparate objects and characters, imported from 3D modeling programs, into a graphically appropriate settling. These 3D rendered images are often scalable, navigable, and interactive. Availability of 3D content and proper infrastructure play a pivotal role within the development of the market. Presence of a strong wireless connectivity in regions like North America has facilitated widespread adoption of visualization & 3D rendering software. Hence, the regional market is anticipated to witness substantial growth over the approaching years. Additionally, presence of prominent visualization & 3D rendering companies like Autodesk, Inc.; Dassault Systèmes; Trimble, Inc.; and Adobe Systems Incorporated is assessed to supplement growth prospects of the market.

The global Visualization and 3D Rendering Software market is segregated on the basis of Deployment Type as Cloud and On-Premises. Based on Application the global Visualization and 3D Rendering Software market is segmented in Marketing and Advertisement, Training Simulation, High-End Video Games, and Architectural and Product Visualization. Based on End-User the global Visualization and 3D Rendering Software market is segmented in Design and Engineering, Healthcare and Life Sciences, Academia, Architecture, Building, and Construction, Media and Entertainment, and Others.

The global Visualization and 3D Rendering Software market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Visualization and 3D Rendering Software market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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

Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic.To get more news about WikiFX, you can visit wikifx official website.
　　Brent crude LCOc1 was at $41.75 a barrel, down 91 cents or 2.1% by 0000 GMT, after it earlier slid to $41.51, its lowest since July 30.
　　U.S. West Texas Intermediate crude CLc1 skidded 91 cents, or 2.3%, to $38.86 a barrel. Front-month prices initially hit a low of $38.55 a barrel, a level not seen since July 10.
　　The world remained awash with crude and fuel supplies despite OPEC+ supply cuts and government efforts to stimulate the global economy and oil demand, forcing refiners to rein in output and producers to make deep price cuts again.

　　“With the Labour Day (holiday) in the U.S. officially marking the end of the summer driving season, investors are also facing up to the fact that demand has been lacklustre, while inventories remain at elevated levels,” ANZ analysts said in a note.
　　The world‘s top oil exporter Saudi Arabia cut the October official selling price for Arab Light crude it sells to Asia by the biggest margin since May. Asia is Saudi Arabia’s largest market by region.

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

the US stock index and yields have reported to bounce off recently after the release of the US non-farm payrolls report, or NFP, in August, with the index rising to an intraday high level of 93.24, hitting a week high; WIT crude oil falling to an intraday low level of 39.35 dollars, recording a month low.To get more news about WikiFX, you can visit wikifx official website.
　　The NFP in August showed that jobs increased by 1.371 million and unemployment rate decreased by 8.4%. Although it revealed an optimistic market, the working population, objectively speaking, presents a sign of slowdown. In addition, the permanent unemployment rose to 3.4 million. Therefore, there are great uncertainties about the recovery in the US economy.
　　According to the performance of US stock on Sept. 4th, it is obvious that the US stock wasnt stronger for benefiting from the NFP and three benchmark indexes generally dropped. It is expected that the oil may encounter further the sustained selling pressure from the US stock.

　　This Saturday will see the interest rate decision in September by the European Central Bank (ECB). Considering the worse European coronavirus situation, the ECB warned last week that the euro depreciated fast. The more easing signals by the ECB may put pressure on the euro, strengthen the US stock index and drive further downside in the gold price.
　　Moreover, the adds are that the oil demand becomes worse during the upcoming seasonal shutdown maintenance of oil refineries. The oil price, so far, has fallen below the level of 40 dollars, and is expected to be confronted with selling pressure if it cannot break upward the level of 41.3 dollars in the near term.
　　All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX

Paytm Money Aims To Be India’s Top Wealth Manager

Paytm Money, the online platform for mutual fund investments that recently forayed into equity broking, aims to be India‘s top wealth manager as the owner of the nation’s largest e-wallet expands its financial services footprint.To get more news about WikiFX, you can visit wikifx official website.
　　“As we progress in this journey of becoming the preferred platform for users to save and invest, our goal is to provide a simple platform for users to do so,” Varun Sridhar, chief executive officer at digital investment unit of One97 Communications Pvt., told BloombergQuint in an interview. “With a few clicks you are able to save and make your money work harder.”

　　Paytm Money, which has 200-300 million customers doing 20-30 million transactions daily, aims to capitalise on its existing user base. “We see about 80%-odd users who are, what Id call, important or very loyal Paytm users, and about 20% come from outside the system.”

Three Things Dominating Forex Markets

　　First of all, will technology stocks continue correcting？ The Nasdaq composite has remained in correction since hitting a record high on September 2. As of September 11, the index has retraced by over 10% from its highs. The reason for the sustained decline is rumored to be Masayoshi Son, the richest person in Japan, whos position was squeezed after trading options. Whether or not the statement is right, it is normal for Nasdaq to see correction when accumulating large gains. Therefore, the correction is expected to continue until finding its initial support at 10,180. In this case, the U.S. dollar index may keep climbing this week.To get more news about WikiFX, you can visit wikifx official website.

　　Secondly, the British Parliament conducted the second reading debate on Johnson's Internal Market Bill on September 14. The bill may put the UK in the risk of no-deal Brexit, spurring more selling of the pound. I hold a pessimistic view that the UK is probably to stage a hard Brexit. This is mainly because the country's breach of the agreement, through which it hopes to force the EU to make concessions, will instead push the EU to fight every inch of the way. As the EU has declared it would accuse the UK of violating international law, the two parties can hardly reach a consensus in the face of such differences and trends. The dilemma is difficult to resolve unless Conservative MPs of the British Parliament dramatically change their sides, thus the pound is almost certain to see a deep loss.

　　The third thing is the leadership election of the Liberal Democratic Party of Japan on September 14. Unless something unexpected happens, Yoshihide Suga is set to win the election and the Abenomics policy will be maintained, not surprisingly, as he repeatedly stressed. One key unknown is whether Suga will call a snap general election soon after taking office, which will thrust the country on a knife-edge, hampering Japanese stocks. In this case, the Japanese yen has a chance to grow along with the good news that the US stocks seem to perform enduring consolidation. Eyes should also turn to the rate decision of the Bank of Japan on September 17, so as to see whether the Bank will greet the new prime minister with further quantitative easing, which is possible but not probable from my point of view.

​Gold Price Rebounds with Stability Expected at High

From the start of the week, gold price is little changed compared with last week as it has quickly rallied from the fresh monthly low of $1,907; while current market trends may keep gold afloat as the crowding behavior in the US dollar persists in September.To get more news about WikiFX, you can visit wikifx official website.
　　Gold price may continue to consolidate as global stock markets are under pressure with the Nasdaq and S&P 500 sitting at a precarious position. However, the crowding behavior in the greenback may continue to coincide with the bullish behavior in gold as a bear-flag formation emerges in the DXY.
　　The FED seems to persist with the plan of “achieving an inflation that averages 2% over time”, which may not be changed before the US election. Gold price is expected to be lifted once the Chairman Powell raises the FEDs balance sheet back above $7 trillion.

　　According to the IG Client Sentiment report, retail investors all hold net-long USD/CHF, USD/CAD and USD/JPY while remaining net-short AUD/USD, GBP/USD, EUR/USD and NZD/USD.
　　Gold price may continue to consolidate before a successful attempt of closing below $1,907-1,920. Only when a break/close above $2,016-2,025 appears can the record high price ($2075) finds its way. The next area of focus comes around $2,064 followed by $2,092.
　　All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX

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

Market regulator Sebi on Sunday said mutual funds (MFs) have many options to meet with the requirement of 25 per cent limits on multi-cap schemes based on the preference of their unitholders.To get more news about WikiFX, you can visit wikifx official website.
　　Apart from rebalancing their portfolio in the multi-cap schemes, mutual funds could facilitate switch to other schemes by unitholders, merge their multi-cap scheme with their large-cap scheme or convert their multi-cap scheme to another scheme category (for instance large-cum-mid cap scheme), the Securities and Exchange Board of India (Sebi) said in a clarification.
　　The capital markets regulator, in a circular issued on Friday, specified that minimum investment in equity and equity related instruments of large-, mid- and small-cap companies should be minimum 25 per cent each of total assets.

　　“Sebi is conscious of market stability and therefore has given time to the mutual funds till January 31, 2021 to achieve compliance with the circular, through its preferred route of which rebalancing of the portfolio is only one such route,” the circular stated.