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While it is easy to get caught up in the sharp response of relative monetary policy bearings through pairs like EURUSD or NZDCAD, the systemic sway of a shift in global monetary policy can be an overlooked threat until it is too late. If we look back over the past few months of central bank policy decisions, forecasts and member statements; there has been a tangible shift away from the bottomless accommodative stance taken in the immediate aftermath of the pandemic. Both the Bank of Canada and Reserve Bank of New Zealand have tapered, the Reserve Bank of Australia and Bank of England have emanated some commentary to suggest a reduction in asset purchases is not far out, and the Federal Reserves interest rate forecast is projecting a first hike perhaps before the end of 2022. While these may not register a global run of rate hikes, they are a critical reversal in the tools most heavily used over the past years of monetary policy. The capital markets obviously seem capable of overlooking this risk for now, but recognition is inevitable depending on circumstances. If fear can gain a foothold before liquidity recovers after the summer doldrums, beware.
The US CPI (consumer price index) update on Tuesday was a strong market mover for the likes of the US Dollar, Treasury yields, junk bonds and Fed Funds futures. The implications of a higher probability rate hike before the end of 2022 took its toll on these sensitive markets, but the inevitability of normalization didn‘t seem to truly take traction according to the technical response of the broader financial system. Risk aversion, despite its sensitivity, didn’t collapse; so the probability of another complacent bounce was high. We found that recovery this past session despite further reinforcement from inflation data. The Producer Price Index (PPI) for June hit a modern calculation series high of 7.3 percent. That suggests an imminent reversal in consumer costs is unlikely and action from the Fed to curb its contribution to excesses is more pressing. Yet, the hawkish data didn‘t seem to gain serious traction. That was likely a save by Fed Chairman Jerome Powell who was testifying to the House of Representatives on the economy. He repeated his transitory inflation chant and the markets seem to accept the succor. That said, his remarks seemed to confuse an aim for transparency on the timing of taper without having a clear model to base that timetable. I’ll point out that credit rating agency Fitch remarked in its US evaluation that the risk of a downgrade in its AAA-status could result from “a decline in the coherence and credibility of US policymaking…
While I believe the Feds mantra sounds more and more hopeful rather than prescriptive, the markets seem nevertheless soothed by the assurances. Interest rate forecasts measured by Fed Fund futures cut projections of total rate hikes through the end of 2022 from 23.5 basis points Tuesday to 20 basis points through Wednesday. In practical terms, that is reducing the probability of a standard 25bp rate hike by December 2022 from a 94 percent to 80 percent probability. Even though the first stage of monetary policy change will be via a taper rather than interest rates, the Dollar clearly responded to the shift in mood with the DXY Dollar Index suffering its biggest single-day drop in three trading weeks. That makes for a well-timed and technically-precise range reversal.
With the Dollar‘s quick turn from its failed breakout attempt, EURUSD would naturally reflect its own range reversal. The pair was attempting to clear 1.1800 support and clear a 12-month wedge, but the ability to override market restraint didn’t prove fruitful. Trading back into established ranges is more aligned to the market conditions we are currently facing versus charging a break with follow through. I am keeping a weathered eye on speculation around US policy intent and the Greenbacks responsiveness; but Powell day two, import/export inflation and initial jobless claims are likely to struggle to urge the same kind of market response as CPI or Powell day one.
The firm specified that the new multi-country share CFDs also are from various sectors of the economy such as aviation, tourism, pharmaceuticals, big tech, among others. The new set of assets are now available for all FP Markets customers in their MetaTrader 5 (MT5) platform.
“The interest around equities has reached an all-time high globally, and it is important for us to continually evolve and expand our product range in line with increased client demand for a greater diversity of our range of share CFDs. We already have an impressive portfolio of leading global stocks, including companies like Tesla and the so-called ‘FAANGs.’ This exciting new product range adds an array of global companies from a wide range of sectors on a number of international exchanges, including Alibaba, Zoom and a range of Biotech and Big Pharma companies, which have proved especially attractive to investors since the COVID-19 pandemic,” Craig Allison, Head of Europe, Middle-East, and Africa at FP Markets, said on the announcement.
This was not a legitimate offer from Ray-Ban. It is a dangerous scam. It’s been going around for several years, including on Tumblr.Tweets that promoted the scam read: “Friends, the surprise is coming. Are you interested?” They appeared to involve phishing attempts that pulled follower names from a user’s follower list. This caused the scam to virally spread.
The scammers appeared to gain access to social media accounts after users visited the dangerous website that appeared in this image:While the image did say that the scam website was Ray-Ban’s “official website,” this was false.
The 5-letter website that appeared in the social media postings began with “rb,” We have removed the last three letters from the website address so as to not encourage readers to visit the fake website.This was not an official Ray-Ban website.
As of June 1, 2021, the official Ray-Ban Twitter account had not tweeted about the resurgence of the anniversary sale scam. However, a search for past tweets showed other 5-letter scam websites that also began ” except with other combinations of three letters following “rb.”Scammers have often used the ploy that major companies (like Ray-Ban) are having anniversary sales in order to trick consumers into falling into the trap.
We’ve reported on a seemingly endless number of these scams in the past. For example, Aldi, Tim Hortons, Taco Bell, and Walmart have all been used in anniversary sale scams, to name a few.
We’ve even seen vacation scams on Facebook for getaways to Bora Bora and Las Vegas that may have tricked people into sharing the fake giveaways.
In sum, Ray-Ban nor Luxottica is not offering 90% off sunglasses for 24 hours for its 84th anniversary, or any anniversary.
If you’re buying vintage Ray-Ban Wayfarers in places like thrift stores, swap meets or e-commerce sites, make sure to do your homework. We’ve covered the most common signs of fakery, but if you search online for a while, you may spot a few more tips.
When you see prices for Ray-Ban Wayfarers that seem too good to be true, you’re probably looking at fakes. But don’t forget: Determined fraudsters may try to sell you fakes at full price, hoping you won’t notice the difference.A final thought: If you crave Wayfarers but can’t afford the real thing, look for lower-cost versions from reputable sellers like the ones mentioned above.
The new federal lawsuit alleges phony Ray-Bans sold on Hampton beach were verified as counterfeit and Tsomo has “no license, authority or other permission to use the Ray-Ban mark in connection with the promotion or sale” of products. The retailer’s “knowing and deliberate hijacking” of the Ray-Ban brand “have caused and continues to cause, substantial and irreparable harm to Luxottica Group’s goodwill and reputation,” according to the suit.
Now, 15 years later, James' Nike series is the longest consecutive sneaker line for an active player in NBA history, with a full portfolio of products that nets nearly $400 million annually for the brand. Along the way, his sneakers have presented more of a challenge for Nike's designers.
He's a very unique problem to have out there. He's very fast and very powerful," designer Jason Petrie said. "When we're building a LeBron, we know all of that going in."
In advance of the launch of the upcoming LeBron 16, which will feature a host of new storytelling with the four-time MVP's move to Los Angeles, we ranked the main signature line from throughout James' storied career.While the design can be generously described as "polarizing," the clover-like heel shape and overly molded Hyperposite upper materials never quite crossed over from hardwood to lifestyle. The gaudy player exclusive colorways didn't seem to generate much interest, either. Worn during James' second season of his second Cleveland tenure, the shoe featured more hometown detailing than any other shoe, with nods to his 330 Akron area code and 12/84 birthdate and a simple "Akronite" declaration along the outsole.
Nike's Foamposite material has long been linked to some of the brand's most iconic and innovative silhouettes. As Nike embarked on the double-digit years of LeBron's line, his sneakers started to become overbuilt, perhaps more than any average consumer cared for. By the release of the 12, even James' four consecutive trips to the NBA Finals and his standing atop the league couldn't overcome the $200 price point and clunky out-of-the-box feel.
It didn't help that the LeBron 12 had been in the works for a year prior to his return to Cleveland, which made for several nods and subtle touches of his Heat jersey No. 6 still remaining, such as the six Zoom Air units along the bottom, the number call out on the shank and a hexagonal icon on the tongue.At two points in James' Nike series, the design team scrapped an existing look midway through the process, scrambling to create a new concept in time for the season. Unfortunately for the LeBron 14, the shift caused a massive delay, with James not debuting the shoe until Christmas and not releasing it until January. The lack of visibility on court hampered the excitement around the model, and the simplified design didn't connect with consumers.
But while the latest crop of stars were signing nine-figure contracts, the performance basketball shoe market in the U.S. was collapsing, down double-digits in most years since its peak in 2015 and plummeting a whopping 23% in 2020, according to market research firm NPD Group.
Performance shoes are current basketball styles that are made to be played in, while “retro” shoes are typically performance styles from a decade or more ago that are intended for fashion. The two sneaker markets were roughly the same size in 2015 but have gone in opposite directions ever since. The retail performance business, which does not include direct-to-consumer sales, was $600 million in 2020, while retro, dominated by re-releases of old Jordans and Air Force 1s, was six-and-a-half times larger at $3.9 billion and up roughly 20% year-over-year, according to NPD analyst Matt Powell.
The retro product has done phenomenal,” said Cowen & Co. analyst John Kernan. “Nike is doing a lot of different colorways now, and they are launching product in very smart, very creative ways. They have done a masterful job managing the marketplace.”
Nike and the estate of Kobe Bryant did not renew their contract last week—ending a nearly two-decade relationship between the Los Angeles Lakers icon and sportswear giant—and weak sales of performance basketball shoes no doubt played a role. “Kobe was a big deal in China but was never a big force in footwear in the U.S.,” Powell said.
Nike doesn’t need Kobe to maintain its dominance; it has already cornered the market in basketball with an 86% share of performance sneakers, including the Jordan Brand, and a massive 96% of the U.S. retro business in the 12 months ending in March, per the NPD Retail Tracking Service.Adidas is paying three players—James Harden, Derrick Rose and Damian Lillard—at least $10 million this year. Their contracts all run at least 10 years, but Adidas has only 5.5% market share, a tick behind the 6.1% of Under Armour, which built its basketball business on the back of Warriors point guard Stephen Curry.
“Most of these contracts were written a long time ago,” said Powell. “They are legacy contracts that I think many of these brands would wish they didn’t have.”
The only blockbuster sneaker contract signed over the past three years belongs to New Orleans Pelicans power forward Zion Williamson, who joined Nike’s Jordan Brand in July 2019 after captivating hoops fans for a year at Duke University. Williamson’s deal is worth an estimated $12 million this year, and his first signature shoe, The Zion 1, is available in limited quantities in stores starting Friday.The Swoosh hopes Zion can carry the Jordan torch for the next generation, but it will be a long time before anyone can match the shoe legacy of MJ. Nike’s Jordan division reported revenue of $3.6 billion, up 15%, in the company’s fiscal year ending in May 2020, including the brand’s first $1 billion quarter. Sportico conservatively estimates MJ’s take at $150 million.
The Jordan Brand is far from done. It’s moving aggressively internationally, as well as with more women’s and lifestyle products. “China is on fire right now, and Jordan has done very well in Europe, too,” Kernan said.
Designed by Lacoste Creative Director Louise Trotter, the shirt is named the L.12.12 Polo Merci, a solidarity product that begins retailing on May 28 in Europe; and in Lacoste stores worldwide and on the brand’s website from June 1.The new shirt plays on Lacoste’s iconic crocodile logo embroidering a heart around its instantly recognizable emblem. L.12.12 Polo Merci retails at 130 Euros.
“Reinterpreting the iconic Lacoste polo shirt by wrapping it in a simple red heart seemed to us the best way to show our admiration for those committed to saving lives during this pandemic,” said Trotter.
The turnover from each sale of the L.12.12 Polo Merci, named after its classic cut polo, will be donated in full to the Lacoste Fund, which supports the International Federation of Red Cross and Red Crescent Societies around the world.
Since March, backed up by voluntary work from its own employees, Lacoste has produced more than 200,000 fabric masks in its factories in France and Argentina – and distributed them to local authorities and stakeholders.
“The L.12.12 Polo Merci is in line with the brand's continued commitment in this unprecedented health crisis. This solidarity action illustrates how fashion can, at its own level, act in solidarity to serve the most exposed people," added Lacoste CEO Thierry Guibert.
You might notice in a few of these images a new Luka Doncic logo. Up to this point Luka has featured his “LD7” logo, a pointy vertical mirrored look. This was floated around online, and on other merchandise, but debuted on a shoe in January 2020.
But as Twitter account @LukaDonkicks notes from today’s image release, Doncic first hinted at the change in Team Slovenia’s media day photoshoot, as they prepared to qualify for the Tokyo Olympics — which they did in dramatic fashion.
This is a smoother, sleeker, effortless logo that does a better job playing on both Luka’s initials and his 77 number. It remains to be seen whether this shift will be made official anytime soon. The combination of Luka wearing them for a publicity shoot, and its inclusion with other Jordan Brand player logos, it seems likely. But one thing seems certain: as the international superstar’s game and legend continues to grow, so does his brand.
this is a documentary that only seems to wake up to its own tragic significance once it is nearly all over. Most of the time it is a celebratory account of how in the 80s and 90s a uniquely talented African American athlete became a legend, finding staggering wealth and success in America’s white-controlled worlds of sports, pop culture and commerce. But then, in its final act, the film appears to suggest that it might have got the tone wrong and this could actually be a story of something scandalous in which the athlete and his corporate sponsors are themselves complicit.Get more news about air jordan womens running shoes,you can vist ajsize.com!
In the mid-80s, Michael Jordan broke through as a breathtakingly good basketball player with superstar power. We see the glorious footage of his amazing prowess as Jordan almost seems to float through the air and even supernaturally pause in mid-flight before each shot. Nike made Jordan the branded figurehead of a new line of sneakers, the Air Jordans, which were initially banned by the NBA because of their colour scheme – and naturally only created an outlaw glamour. Witty, quirky TV ads by Spike Lee took Air Jordan-mania to new levels of delirium. From modest beginnings, Jordan became very rich indeed.
So far, so aspirational. But then, kids started killing each other for their Air Jordans, and the $140 price tag doesn’t exactly explain it. The point is – and it’s a point that the film could have made sooner – these shoes were being aggressively marketed to the kids who could least afford them. The brand was monetising a street culture created by the impoverished customer base. Nike was controlling the supply of Air Jordans as carefully as De Beers controlled the supply of diamonds, artificially assigning extreme value and desirability to the shoes. Automobiles can at least be locked and made traceable with registration plates, and TVs and VCRs can be hidden away in apartments. But the whole point of Air Jordans was that they were worn out on the street with no protection whatever.
Only over the final credits do we learn that no one at Nike or Team Jordan agreed to take part in the film. This is a heartbreaking story, but the film leaves it very late to tell it.
The new design, unveiled by the president of the Football Federation of Ukraine, Andriy Pavelko, has sparked anger in Russia, with one lawmaker calling it a “political provocation."
The team jerseys are for the Euro 2020 championship, which was delayed by the COVID-19 pandemic and will be played from June 11 to July 11 in 11 cities including St. Petersburg, Russia.
"The shirt of the Ukrainian national team (and of all other teams) for UEFA Euro 2020 has been approved by UEFA, in accordance with the applicable equipment regulations," European soccer’s governing body said in a statement on June 7.
On Facebook on June 6, Pavelko wrote that the Ukrainian players will wear "special uniforms" and posted photos of the jerseys in the blue-and-yellow colors of the Ukrainian flag. They feature an outline of Ukraine as well as the slogan "Glory to Ukraine! Glory to the Heroes!"
"We believe that Ukraine's silhouette will give strength to the players because they will fight for all of Ukraine," Pavelko said. “And all Ukraine, from Sevastopol and Simferopol to Kyiv, from Donetsk and Luhansk to Uzhhorod will support them in every match.”Donetsk and Luhansk are eastern cities held by Russia-backed separatist forces that seized them in 2014, at the beginning of a war that has killed more than 13,000 people. Sevastopol and Simferopol are in Crimea, which Russia occupied and seized in March of the same year, taking control of government buildings and staging a referendum denounced as illegitimate by at least 100 countries. Moscow claims that the peninsula is part of Russia but it is internationally recognized as part of Ukraine.
Russian Foreign Ministry spokeswoman Maria Zakharova derided the football jerseys, saying that Ukraine's football team "attached Ukraine's territory to Russia's Crimea."
Russian parliament deputy Dmitry Svishchev inaccurately stated that showing a map of Ukraine including Crimea was “illegal,” and called the soccer jersey design a “political provocation."
After the Kremlin took Crimea by force, Russia tried to legitimize its actions with a referendum widely derided as a sham. This vote was conducted in a heavily militarised environment and was illegal under the Ukrainian Constitution. The result has never been unrecognized by most of the international community.
Zakharova also took issue with the slogan, asserting on social media that it echoes a Nazi rallying cry.
The wording “Glory to Ukraine! Glory to the Heroes!" dates back to the World War I era. “Glory to Ukraine!” became a rallying cry at the Maidan protests that pushed Moscow-friendly President Viktor Yanukovych from power in February 2014, and “Glory to the Heroes” is used in connection with victims of violence at those protests and the war against the Russia-backed forces in eastern Ukraine.
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