With an increasing worse pandemic, AUS/USD keeps being strong with an irresistible force. So far, AUD has dramatically rallied by 27% to 1,500 points since the low level of 0.5506 in March. Two reasons of a strong AUS are in the following.To get more news about WikiFX, you can visit wikifx news official website.
　　To begin with, many countries in the world continued to cut interest rate and purchase bonds due to the aggravated pandemic in order to bolster their economy, which, to some degree, helps to fuel the global stock markets. For example, the Nasdaq 100 Index has bounced back to a high level of 10.500 from the low level of 6,772 of March 24, up by 55% to 3,728 points. Even if the situation of COVID-19 continues to worsen, global stock markets show a prolonged recovery, which leads to an outperforming AUD related closely to the markets.


In addition, the economic data in Australia becomes better simultaneously, causing AUD/USD to rise. For instance, more indicators released last week, including AIG Manufacturing Index in June, Building Permits in May, Manufacturing Purchasing Managers‘ Index, AIG Performance of Construction Index and Services Purchasing Managers’ Index in June, performed significantly better than the previous. Based on the favorable factors and better economic data, traders are continuously optimistic about AUD.
　　In terms of the expected market trend, more focus should be put on the rate-setting meeting by the Reserve Bank of Australia(RBA) at 12:30 pm Hong Kong time tomorrow as well as the post-meeting statement. Under the current circumstance, the RBA doesnt need to deliver dovish suggestion, so AUD/USD is likely to challenge the upward resistance level of 0.7082. In a short time, it is difficult for the pair to break the major upward resistance level of 0.7206 despite an enormous increase.         

USD is experiencing its longest downtrend since 2010, while the consecutive decline recently is the second worst one since April 2011. The future trend of USD is now testing market sentiments.To get more news about WikiFX, you can visit wikifx news official website.
　　In terms of GBP/USD, it keeps gaining although GBP is struggling with the lack of progress on post-Brexit trade negotiations with the EU. Meanwhile, USD/JYP makes no advance in the past month, although they both enjoyed yields as safe haven currencies at the beginning.
　　USD is the reserve currency which used most heavily in the world. But it is facing a serious systemic problem, that is, how currency stabilization will tend to be in the future. Currently, forex traders should beware of volatility. With more cases of coronavirus confirmed globally, a wider fear may arise from the impact of the epidemic on growth and trade.


　　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
Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.
　　Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.         

In the past months, many schools and teachers have seen lots of obstacles to e-learning. The differences in time zones, poor connectivity and a lack of access to their usual learning tools and environments – it’s all been quite a challenge for schools and teachers to overcome in a short amount of time! However, despite all these difficulties and more minor issues besides, these past weeks have given all schools including the international schools in Shanghai an invaluable opportunity to look at exactly how things could be learnt daily. As a result, teachers from International school Shanghai adapt their habits and methods to the different circumstances and even discover new and better ways to improve their abilities to teach and learn.

Getting familiar with a ‘new normal’
At the beginning of the e-learning setup that was introduced after the Chinese New Year, there was a lot of information that pupils needed to absorb very quickly. Teachers in International school Shanghai have been quick to streamline the process of organising lessons and communicating key information with pupils. Teachers focus on Microsoft Teams and OneNote to share work and Zoom classes to deliver lessons.
Pupils have also done a fantastic job of adjusting. Moreover, pupils and parents have been extremely patient and understanding, working with teachers to overcome difficulties. During the past several months, many International school Shanghai had to build many these systems very much ‘on the fly’ as the crisis has evolved, and fortunately, pupils and their parents have respected the inherent difficulties involved and have been very accommodating.
While there have been some problems along the way, everyone has done a much better job adjusting to e-learning in International school Shanghai. When it came to transitioning to working and learning in an online environment, it wasn’t nearly as challenging as it could have been, which speaks volumes about the importance of being digitally literate and capable in today’s world.

Taking online tools to the next level

While no one can be sure what long-term changes the aftermath of the pandemic will bring, it’s safe to assume that businesses and organisations across the world will be considering how well they use digital technologies, and how they can become more effective if and when remote working becomes more of a ‘new normal’. This means that becoming more familiar and confident with leading digital platforms for collaborative working is an invaluable experience for our pupils, no matter where they see themselves in terms of higher education or future employment.

Ready for learning, living and working in the Digital Age
Technically, all of the young pupils were born into the Digital Age or ‘Internet Age’ if you prefer. However, as the events of early 2020 have shown, pupils have only just entered an age where their abilities to operate digitally is as important as what they can do in the physical world, if not more so. Not everyone is ready for this emerging reality, with many organisations and individuals struggling to function as the current situation plays out.
This is one of the reasons why it is so important for pupils to make the most of their e-learning time, and to learn the wider lessons it offers. Not only are they learning how to make the best use of specific digital tools and online resources, but they are also essentially being forced to become more independent in their overall learning style. They are structuring their learning times beyond the set lessons, they’re reviewing their own work and, crucially, they’re looking out for further learning opportunities that the online world can offer. All of these disciplines constitute excellent preparation for both higher education and the world of work.
So even though this is a time with many complex challenges for us to overcome individually and as communities, teachers at International school Shanghai are impressed with pupils’ potential, their ability to make the most of e-learning and to learn the wider lessons it offers.

EU Recovery Plan Set for Tough Talks With Sweden Voicing Doubts

Sweden won‘t support the 500 billion-euro ($548 billion) European Union recovery plan as it was proposed by France and Germany last week while also signaling a willingness to discuss a way forward with the bloc’s other members.To get more news about WikiFX, you can visit wikifx news official website.
　　Swedish Finance Minister Magdalena Andersson said on Tuesday that her country supports a united response by the EU, but would not back the proposal from Berlin and Paris that would see the bloc tap the bond market for an unprecedented amount of money and distribute that as grants to countries that have suffered economically from the global pandemic.
　　Read More: Rival Plans for EU Crisis Fund Signal Bumps in the Road to Come
　　“We also will support some kind of recovery fund but we will have to discuss exactly how it will look like and from our perspective we think it has to be realistic both when it comes to size but also the conditions,” Andersson said in an interview with Bloomberg TV.

Andersson‘s comments come just a day before the European Commission, the EU’s executive arm, unveils its proposal for a recovery package. Her remarks highlight the difficult negotiations the EU‘s 27 governments will have over the coming weeks. Some of Sweden’s fiscally conservative allies in recent days have already shown an openness to compromise that may lay the groundwork for an eventual accord.
　　Loans vs Grants
　　The commission‘s proposal will form the basis for discussions between EU governments, though dividing lines have already been drawn. France and Germany want the fund to make grants to countries and sectors most in need, while also saying that their plan wouldn’t lead to the mutualization of debt. Austria, Denmark, the Netherlands and Sweden released their won blueprint over the weekend that would offer loans to countries rather than grants, and would expire after two years.
　　While EU leaders have agreed on the need for a fund to assist with the recovery, disagreements include its size, whether allocated money would need to be repaid and any conditions tied to the disbursements. While theyve broadly accepted that some of the money will come from jointly-issued EU debt, how much the bloc will raise remains in dispute.
　　France and Germany threw their weight behind a plan to allow the commission to issue 500 billion euros of bonds, a significant shift for German Chancellor Angela Merkel who has previously resisted French calls to shoulder more of the burden of the European recovery. The proposal would require approval by all 27 EU countries and the European Parliament.
　　And despite their skepticism, at least some of the four countries most averse to the Franco-German plan have already softened their positions, signaling a compromise may be in the offing.
　　Austrian Finance Minister Gernot Bluemel said in an interview with Austrian public TV that an agreement could see some of the aid disbursed as grants. Asked if a deal was thinkable in which the majority of the aid would be disbursed as grants, Bluemel told broadcaster ORF: “What we dont want is that it will be only grants, and that this is the start of debt mutualization.”
　　Still, giving hard-hit countries loans rather than handouts would be more palatable, according to Andersson. It would be “easier to explain to the citizens of Europe if we work with loans rather than grants when it comes to the recovery phase.”

EXPERT24TRADE:What is ISR tax?

　　The investor knew Ayanda modise on Facebook, who is a forex trader working for Expert 24 Trade. They contacted with each other by WhatsApp. The trader said if the investor invested 1,000R, he can get 23,100R in a week. Finally, the investor invested 1000R.To get more news about WikiFX, you can visit wikifx news official website.
After the investor invested 1,000R, Ayanda sent a screenshot to him by chatting and told him that he made profits to gain his trust. A week later, when the investor was ready to withdraw his money, he was informed by Ayanda that he needs to pay 500R as IRS tax. IRS, also known as Internal Revenue Services, is the revenue service of the United States federal government.
　　This is a trap, according to the official website of IRS: 1, there is no need to pay IRS tax in forex trading. 2: IRS tax can only be paid in US dollar.

　　The following pictures show how Expert 24 Trade used fake trading records to defraud the investor.
In the end, the investor failed to withdraw. Expert 24 Trade asked him to pay 500R as IRS tax, and even more. Otherwise, he could not take back his principal.
　　Per checking WikiFX App, Expert 24 Trade has a poor rating of 1.17, and the broker currently has no valid regulatory status, bearing great risks. In addition, the broker is currently active on large social network such as Telegram and Facebook, please stay away from it!　　Flash Event! Download WikiFX App now and sign up, youre gonna get a 6-month WikiFX VIP membership worth of US$9 and the latest WikiFX global e-Magazine for free. Contact support@wikifx.com with title [“For Download Rewards”+ your wikifx ID]. We will reply you within 3 days.

Discuss Forex and Win Up to 240 ZAR Mobile Phone Credit!

Expert 24 Trade is an illegal forex broker, charging an investor 500R for ISR tax, under the guise of a registered company in the United States. Also, a forex trader showed some fake transaction records to lure investors into investing and to convince them that they can get a high rate of return on Expert 24 Trade. Please note that this is a trap.To get more news about WikiFX, you can visit wikifx news official website.
　　What do you know about the forex scams in South Africa？ Please come and join our discussion to win mobile phone credit!　　Search WikiFX on Google Play or App Store, or download WikiFX App through the following link: https://activities.wikifx.com/download/index.html

　　2.After downloading, please register as a new user. Search “South Africa Event” at the “Wiki Forum” section or find the event post ‘[South Africa Event] Discuss Forex and Win Up to 240 ZAR Mobile Phone Credit!’ at the top trending searches. Leave a comment below the post that includes “What do you know about the forex scams in South Africa” + “Your email address”, and you will be eligible for the prize draw!
　　After the event, winners will be drawn from the list of eligible users.(the number of winners depends on the total Number of valid comments during the event) It should be noted that each user account is eligible for one entry of the draw, regardless of the Number of valid comments posted.
and WikiFX staff will contact the winners about prize collection from the announcement date to 2020/08/07.
　　Please reply to the notice via email within 7 days and include the following information: WikiFX user name, contact number and mobile carrier. Failure to reply within due time will be deemed as relinquishment to the benefit of the prize, and WikiFX will not further notify the winner or again release the prize entry.
1.This activity is limited to South African users only.
　　2. 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.
　　3. 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.
　　4. 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.
　　5. 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.

the Swiss Franc Will Continue to Rise| KOL Analysis

Recently the global stock markets soars with irresistible force, the Chinese and US stock market in particular. And driven by new economy, the Nasdak Composite Index hit record high many times, and it closed at 10,492.50 on July 8, another record close high.To get more news about WikiFX, you can visit wikifx news official website.
　　This decreased the pressure on USDs liquidity from the market and weakened the safe haven function of USD, putting continuous pressure on the US dollar index. In the short term, the index is more likely to test the low level of 95.716 recorded in May. If it fails to break the level, the index may challenge the low level of 94.650 happened on March 9.

　　Faced with a weakening US dollar index, non US dollar currencies bounced back in varying degrees. From a perspective in Macro trend, the Swiss Franc has the best year-to-date performance, up about 3.5% again the USD, ranking the first among all currencies. And safe haven Japanese yen ranks the third, up 1.34% this year, second only
The Swiss Franc performed extremely well because of the relatively stable situation of COVID-19 and better economic data in Switzerland compared with that of other European countries. Therefore, forex traders preferred the Swiss Franc to USD as a safe haven. And market estimates that the Swiss Franc will keep maintaining an edge in the second half of this year. In the short run, USD/CHF appears to approach the low level of 0.9181 of March or the low level of 0.9071 recorded in 2015.
　　It is estimated that cautiously optimism pervades the future Japanese yen market, another safe haven. Recent USD/JPY basically fluctuates at the range of 108.16-106.00, being approaching the level of 106.00. And it is likely to break the level and challenge again the major support level of 104.45.
Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.
　　Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.

AUD Keeps Rising due to the Recovery in Global Stock Markets

With an increasing worse pandemic, AUS/USD keeps being strong with an irresistible force. So far, AUD has dramatically rallied by 27% to 1,500 points since the low level of 0.5506 in March. Two reasons of a strong AUS are in the following.To get more news about WikiFX, you can visit wikifx news official website.
　　To begin with, many countries in the world continued to cut interest rate and purchase bonds due to the aggravated pandemic in order to bolster their economy, which, to some degree, helps to fuel the global stock markets. For example, the Nasdaq 100 Index has bounced back to a high level of 10.500 from the low level of 6,772 of March 24, up by 55% to 3,728 points. Even if the situation of COVID-19 continues to worsen, global stock markets show a prolonged recovery, which leads to an outperforming AUD related closely to the markets.

In addition, the economic data in Australia becomes better simultaneously, causing AUD/USD to rise. For instance, more indicators released last week, including AIG Manufacturing Index in June, Building Permits in May, Manufacturing Purchasing Managers‘ Index, AIG Performance of Construction Index and Services Purchasing Managers’ Index in June, performed significantly better than the previous. Based on the favorable factors and better economic data, traders are continuously optimistic about AUD.
　　In terms of the expected market trend, more focus should be put on the rate-setting meeting by the Reserve Bank of Australia(RBA) at 12:30 pm Hong Kong time tomorrow as well as the post-meeting statement. Under the current circumstance, the RBA doesnt need to deliver dovish suggestion, so AUD/USD is likely to challenge the upward resistance level of 0.7082. In a short time, it is difficult for the pair to break the major upward resistance level of 0.7206 despite an enormous increase.

USD on Pace for its Biggest Loss in the Decade

USD is experiencing its longest downtrend since 2010, while the consecutive decline recently is the second worst one since April 2011. The future trend of USD is now testing market sentiments.To get more news about WikiFX, you can visit wikifx news official website.
　　In terms of GBP/USD, it keeps gaining although GBP is struggling with the lack of progress on post-Brexit trade negotiations with the EU. Meanwhile, USD/JYP makes no advance in the past month, although they both enjoyed yields as safe haven currencies at the beginning.
　　USD is the reserve currency which used most heavily in the world. But it is facing a serious systemic problem, that is, how currency stabilization will tend to be in the future. Currently, forex traders should beware of volatility. With more cases of coronavirus confirmed globally, a wider fear may arise from the impact of the epidemic on growth and trade.

　　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
Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.
　　Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.

Colombia cut interest rates for a fifth straight meeting as a return to stricter lockdown measures in the nations biggest cities threatens to prolong the worst slump in more than a century.To get more news about WikiFX, you can visit wikifx news official website.
　　The central banks seven-member board lowered the key rate by a quarter point to a record low of 2.25% on Friday in a unanimous decision, Governor Juan Jose Echavarria said. The decision was in line with expectations.
　　“In these conditions, the balance of risks of monetary policy suggests the appropriateness of giving an additional impulse to the economy,” the bank said in its statement.
The economy is set to contract between 6% and 10% this year, the bank said, from a previous forecast of 2% to 7%.

　　Colombia is suffering its deepest downturn since records began in 1905, with the world‘s worst-performing stock market so far this year. Until recently, the nation had been relatively unscathed by the virus compared to Chile and Peru, but that’s changing and the number of new infections has been among the worlds highest in recent days.
　　The rolling 7-day average of virus cases is currently at 8,500, according to the European Centre for Disease Prevention and Control. The country has had about 290,000 confirmed infections, still fewer than Brazil, Mexico, Chile and Peru.
　　Economists surveyed by the central bank forecast the bank will cut the rate one more time, taking it to 2%. Echavarria has said the board wants to avoid abrupt rate movements that might trigger destabilizing capital outflows.