wisepowder's blog
I have really wanted to write an article on why I hate day-trading for
some time now…because I actually do HATE it…Day-trading is something
that everyone knows about; you could walk up to any stranger and say
“what do you think about day-trading？”, and they would probably say
something like “risky, but it can make you rich really fast”.
Day-trading is one of the main ideas that lures people into the trading
world; they think they will make some fast money and live the “dream” if
they just learn how to “day-trade”. However, once they try it, most
people quickly realize that its time intensive, stressful, and extremely
difficult to make consistent money at.To get more news about WikiFX, you can visit wikifx official website.
If you get hooked on day-trading you are going to enter into a game of ‘quantity over quality’ of trades, and that is not what we believe in here at Learn To Trade The Market. Our goal is to help traders ‘preserve capital’ and wait patiently for only the ‘high probability trades’. Hopefully this article gives you some insight into why day trading is typically a highway to disaster for most traders.
I hate the façade of the stereotypical “day-trader”…
There seems to be an impression among the general public that if you‘re a financial market speculator of any type you’re a “day-trader” sitting at home in front of multiple monitors making tons of frantic keystrokes and phone calls all day. Indeed, it seems more prestigious for us to tell our friends and acquaintances that we are “day-traders” during a lunch or dinner conversation…because when you tell someone you‘re a day-trader they immediately get a certain image in their head. If you say “I’m a daily chart swing-trader and I trade 4 to 10 times per month”….well that just sounds a lot less glamorous doesnt it？
This Illusion of the “day-trader” is something that appeals to many people simply because they want to say they are “day-traders”…there‘s a certain perception of being some young and rich “day-trader” making millions and having a Ferrari…it ain’t reality though…
The reality of a day-trader is a guy who got 2 hours of sleep last night because he was trying to trade the overnight session, now he‘s up at 6am trying to day-trade the next session. Many traders get sucked into trying to become a rich day-trader largely because that’s what they think is socially acceptable or “cool”, and it turns into them being glued to the charts every chance they get and probably not making much money (if any). This is not a healthy way to trade and its definitely not a healthy way to learn how to trade.
As a trading educator, it makes me HATE day-trading even more when I think about all the trading websites out there promoting it and how a lot of them are geared towards beginner traders, not to mention how heavily day-trading and scalping are discussed in almost every public trading discussion forum on the internet. Day-trading is something that should only be attempted by a very experienced trader, and probably should just not be attempted at all.
You need to think of trading like building a house; first you need a foundation to build the house on, then as the house progresses you get down to finer and finer details until finally you are discussing how to decorate the interior and what type of TV to buy. As a trader, you NEED to understand how the higher time frame charts work and higher time frame price dynamics before you attempt trading the lower time frames. Trading should ALWAYS be taught and learned in a top-down technical approach, so that you understand what the higher time frames are doing before you try lower time frame trading or day-trading.
If you get hooked on day-trading you are going to enter into a game of ‘quantity over quality’ of trades, and that is not what we believe in here at Learn To Trade The Market. Our goal is to help traders ‘preserve capital’ and wait patiently for only the ‘high probability trades’. Hopefully this article gives you some insight into why day trading is typically a highway to disaster for most traders.
I hate the façade of the stereotypical “day-trader”…
There seems to be an impression among the general public that if you‘re a financial market speculator of any type you’re a “day-trader” sitting at home in front of multiple monitors making tons of frantic keystrokes and phone calls all day. Indeed, it seems more prestigious for us to tell our friends and acquaintances that we are “day-traders” during a lunch or dinner conversation…because when you tell someone you‘re a day-trader they immediately get a certain image in their head. If you say “I’m a daily chart swing-trader and I trade 4 to 10 times per month”….well that just sounds a lot less glamorous doesnt it？
This Illusion of the “day-trader” is something that appeals to many people simply because they want to say they are “day-traders”…there‘s a certain perception of being some young and rich “day-trader” making millions and having a Ferrari…it ain’t reality though…
The reality of a day-trader is a guy who got 2 hours of sleep last night because he was trying to trade the overnight session, now he‘s up at 6am trying to day-trade the next session. Many traders get sucked into trying to become a rich day-trader largely because that’s what they think is socially acceptable or “cool”, and it turns into them being glued to the charts every chance they get and probably not making much money (if any). This is not a healthy way to trade and its definitely not a healthy way to learn how to trade.
As a trading educator, it makes me HATE day-trading even more when I think about all the trading websites out there promoting it and how a lot of them are geared towards beginner traders, not to mention how heavily day-trading and scalping are discussed in almost every public trading discussion forum on the internet. Day-trading is something that should only be attempted by a very experienced trader, and probably should just not be attempted at all.
You need to think of trading like building a house; first you need a foundation to build the house on, then as the house progresses you get down to finer and finer details until finally you are discussing how to decorate the interior and what type of TV to buy. As a trader, you NEED to understand how the higher time frame charts work and higher time frame price dynamics before you attempt trading the lower time frames. Trading should ALWAYS be taught and learned in a top-down technical approach, so that you understand what the higher time frames are doing before you try lower time frame trading or day-trading.
2020 was the year of DeFi, not just in terms of the explosive price
increases – but the technological advances and support from public
figures.To get more news about WikiFX, you can visit wikifx official website.
From the growth of UniSwap, Chainlink, AAVE, and BNB into the top 20 tokens by market cap to tech billionaire Mark Cuban revealing his positions in the aforementioned tokens, one must wonder what comes next.
IMPROVED SECURITY AND AUDITING OF CONTRACTS.
Exploits performed by hackers on vulnerable DeFi smart contracts resulted in the loss of tens of millions of funds throughout 2020 and early 2021.
Flash loan attacks, where hackers can borrow large uncollateralized quantities of ETH and extract funds from exchange through complex arbitrage opportunities between stablecoins or manipulation of price oracles (the price providing part of a smart contract that interacts with market data outside the chain).
Auditing smart contracts before they go live as part of yield farming or lending strategies by third-party firms such as Nexus Mutual is necessary – and becoming the accepted norm for DeFi platforms. Users becoming acquainted with the basics of DeFi development processes and community-led initiatives to ensure complete auditing of contracts are also vital to its long-term resiliency.
ETH 2.0
DeFi has grown from the Ethereum ecosystem but has reached a point where it is almost impossible to continue in the current Ethereum paradigm. ETH 2.0 promises lower fees – lending itself to the higher scalability that is needed for the financial products of the future. But more than lower fees, ETH 2.0 will hopefully address the first point raised.
As a proof-of-stake chain, Ethereum miners will be unable to modify blocks that have already been validated – ensuring the robustness needed for a secure financial ecosystem. Projects like Binance token (BNB) and Cardano (ADA) plan to capture the DeFi market through their blockchains, but with the overwhelming majority of initial development done on Ethereum, ETH 2.0 would likely place the chain in a dominant position over DeFi.
REGULATORY PRESSURES
Regulatory focus on crypto has primarily been placed on tax evasion and other fraudulent activity. DeFi. The regulatory framework for DeFi by the governments of the US, China, Russia is nearly non-existent.
Minimizing exit scams, implementing KYC on DEXs (decentralized-exchanges), and preventing money laundering remain pressing concerns.
Overbearing regulation, including policy, targeted explicitly at obstructing DeFi is a critical macro risk that users and project CEOs must be aware of and account for. Government Policy could ultimately end up much favoring centralized exchanges such as Coinbase – which filed to go public on the 25th.
From the growth of UniSwap, Chainlink, AAVE, and BNB into the top 20 tokens by market cap to tech billionaire Mark Cuban revealing his positions in the aforementioned tokens, one must wonder what comes next.
IMPROVED SECURITY AND AUDITING OF CONTRACTS.
Exploits performed by hackers on vulnerable DeFi smart contracts resulted in the loss of tens of millions of funds throughout 2020 and early 2021.
Flash loan attacks, where hackers can borrow large uncollateralized quantities of ETH and extract funds from exchange through complex arbitrage opportunities between stablecoins or manipulation of price oracles (the price providing part of a smart contract that interacts with market data outside the chain).
Auditing smart contracts before they go live as part of yield farming or lending strategies by third-party firms such as Nexus Mutual is necessary – and becoming the accepted norm for DeFi platforms. Users becoming acquainted with the basics of DeFi development processes and community-led initiatives to ensure complete auditing of contracts are also vital to its long-term resiliency.
ETH 2.0
DeFi has grown from the Ethereum ecosystem but has reached a point where it is almost impossible to continue in the current Ethereum paradigm. ETH 2.0 promises lower fees – lending itself to the higher scalability that is needed for the financial products of the future. But more than lower fees, ETH 2.0 will hopefully address the first point raised.
As a proof-of-stake chain, Ethereum miners will be unable to modify blocks that have already been validated – ensuring the robustness needed for a secure financial ecosystem. Projects like Binance token (BNB) and Cardano (ADA) plan to capture the DeFi market through their blockchains, but with the overwhelming majority of initial development done on Ethereum, ETH 2.0 would likely place the chain in a dominant position over DeFi.
REGULATORY PRESSURES
Regulatory focus on crypto has primarily been placed on tax evasion and other fraudulent activity. DeFi. The regulatory framework for DeFi by the governments of the US, China, Russia is nearly non-existent.
Minimizing exit scams, implementing KYC on DEXs (decentralized-exchanges), and preventing money laundering remain pressing concerns.
Overbearing regulation, including policy, targeted explicitly at obstructing DeFi is a critical macro risk that users and project CEOs must be aware of and account for. Government Policy could ultimately end up much favoring centralized exchanges such as Coinbase – which filed to go public on the 25th.
The cryptocurrency market is relatively quiet at the onset of the new
month. Bitcoin momentarily stepped above $50,000 on Monday but struggled
to sustain the uptrend. The largest altcoin, Ethereum, stalled
marginally above $1,600 following a sell signal on the 4-hour chart. On
the other hand, Ripple has sustained its position above $0.4 despite the
overhead pressure at $0.45.To get more news about WikiFX, you can visit wikifx official website.
In spite of the calm in the market, Cardano has grown in market value, becoming the third-largest cryptoasset. The aspiring smart contract token market cap stands at $39 billion while exchanging hands at $1.23.
Other selected coins with double-digit gains include Chainlink, Uniswap, NEM, THETA, The Graph, Compound, and Avalanche.
Bitcoin technical breakout intact
Bitcoin is exchanging hands at $49,000 at the time of writing. It is immediately supported by the 100 Simple Moving Average (SMA) on the 4-hour chart. The recent breakout from the falling wedge pattern had a 16% target at $54,000, but BTC stalled marginally above $50,000, mainly due to the resistance at the 50 SMA.
If support at the 100 SMA holds the ground, Bitcoin will continue with the upswing to $54,000. Besides, the Moving Average Convergence Divergence (MACD) reinforced the bulls intensifying dominance in the market.It is worth mentioning that as long as Bitcoin is trading below the 50 SMA and by association $50,000, recovery will be hampered. Similarly, failing to protect the 100 SMA support could trigger declines toward the 200 SMA near $45,000 (recent support level).
Ethereum upswing to $1,700 depends on a crucial barrier
Ethereum is flipping bullish again after stalling slightly above $1,600. Immediate support has been established at the 100 SMA, allowing bulls to focus on higher price levels. The MACD indicator cements the bulls' position in the market. For instance, the MACD line (blue) is almost crossing into the positive territory while widening the signal line's divergence.
Notably, a breakout past the 38.2% Fibonacci retracement level will leave Ether open-air to explore toward the hurdle at $1,700, as illustrated by the 50 SMA on the 4-hour chart.It is vital to keep in mind that failing to step above the 38.2% Fibo allows the bears to increase their positions while aiming for losses back to $1,500 and $1,400, respectively. Moreover, the resistance at $1,600 must come down to bring Ether out of the woods.
Ripple prepares for a 30% move
The cross-border token is in consolidation after meeting the barrier at $0.45. The rebound from $0.4 was slow but consistent. Meanwhile, XRP's price action over the last couple of weeks has printed a symmetrical triangle pattern.
This pattern does not have a bullish or bearish bias. It can lead to a massive breakout or breakdown. If the price slices through the upper trendline, XRP will hit a 30% target of around $0.575. The international money transfer token is currently doddering at $0.44 and drawing closer to the potentially massive upswing.
In spite of the calm in the market, Cardano has grown in market value, becoming the third-largest cryptoasset. The aspiring smart contract token market cap stands at $39 billion while exchanging hands at $1.23.
Other selected coins with double-digit gains include Chainlink, Uniswap, NEM, THETA, The Graph, Compound, and Avalanche.
Bitcoin technical breakout intact
Bitcoin is exchanging hands at $49,000 at the time of writing. It is immediately supported by the 100 Simple Moving Average (SMA) on the 4-hour chart. The recent breakout from the falling wedge pattern had a 16% target at $54,000, but BTC stalled marginally above $50,000, mainly due to the resistance at the 50 SMA.
If support at the 100 SMA holds the ground, Bitcoin will continue with the upswing to $54,000. Besides, the Moving Average Convergence Divergence (MACD) reinforced the bulls intensifying dominance in the market.It is worth mentioning that as long as Bitcoin is trading below the 50 SMA and by association $50,000, recovery will be hampered. Similarly, failing to protect the 100 SMA support could trigger declines toward the 200 SMA near $45,000 (recent support level).
Ethereum upswing to $1,700 depends on a crucial barrier
Ethereum is flipping bullish again after stalling slightly above $1,600. Immediate support has been established at the 100 SMA, allowing bulls to focus on higher price levels. The MACD indicator cements the bulls' position in the market. For instance, the MACD line (blue) is almost crossing into the positive territory while widening the signal line's divergence.
Notably, a breakout past the 38.2% Fibonacci retracement level will leave Ether open-air to explore toward the hurdle at $1,700, as illustrated by the 50 SMA on the 4-hour chart.It is vital to keep in mind that failing to step above the 38.2% Fibo allows the bears to increase their positions while aiming for losses back to $1,500 and $1,400, respectively. Moreover, the resistance at $1,600 must come down to bring Ether out of the woods.
Ripple prepares for a 30% move
The cross-border token is in consolidation after meeting the barrier at $0.45. The rebound from $0.4 was slow but consistent. Meanwhile, XRP's price action over the last couple of weeks has printed a symmetrical triangle pattern.
This pattern does not have a bullish or bearish bias. It can lead to a massive breakout or breakdown. If the price slices through the upper trendline, XRP will hit a 30% target of around $0.575. The international money transfer token is currently doddering at $0.44 and drawing closer to the potentially massive upswing.
À, nếu cậu chưa thử, nó được đánh giá cao.Bởi vì cơ hội thắng của bạn
khi chơi online cao hơn so với việc chơi trong các sòng bạc đất.Get more
news about CSKH 24/7,you can vist w99no1
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Mặc dù bacara được biết đến như một trò chơi chỉ đơn giản đoán tay nào gần 9, bạn vẫn cần tìm cách xác định khả năng thắng thua của bạn.Đây là vài mẹo để giúp bạn thắng trên mạngBaccarat.anh đang lên kế hoạch chơi một bàn baccarat sống, tốt nhất là đặt cược vào chủ ngân hàng.Bởi vì chủ ngân hàng có nhiều cơ hội thắng hơn 500kg.Khi chủ ngân hàng thua, đừng có cá cược lần nữa.Tốt nhất là chờ quyết định tiếp theo.
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The Global Heat-not-burn Tobacco Product (HNB) Market to witnessed good
recovery in growth post first half of 2020 and is projected coverup
market sizing during the forecast period (2021-2026). The assessment
provides a 360� view and insights – outlining the key outcomes of the
Heat-not-burn Tobacco Product (HNB) market, current scenario analysis
that highlights slowdown aims to provide unique strategies and solutions
following and benchmarking key players strategies. In addition, the
study helps with competition insights of emerging players in
understanding the companies more precisely to make better informed
decisions. some of the key players that are part of coverage are Philip
Morris International, British American Tobacco, Japan Tobacco, Imperial
Brands, Altria, China tobacco, Korea Tobacco & Ginseng Corporation,
American electronic cigarette company & VMR Products etc.To get more
news about Hitaste Hi10, you can visit hitaste official website.
If you are involved in the Heat-not-burn Tobacco Product (HNB) industry or intend to be, then this study will provide you comprehensive outlook. It's vital you keep your market knowledge up to date segmented by types, application and major players. If you are targeting different set of players/manufacturers according to regional or country of your interest we can provide customized study according to that.
1.The report provides key statistics on the market status of the Global Heat-not-burn Tobacco Product (HNB) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2. Basic overview of the industry including its definition, applications and manufacturing technology.
3. Company profile, product specifications, capacity, production value, and market shares for key players.
4. The total market is further divided by company, by country, and by application and type to better demonstrate segment analysis.
5. To estimates 2020-2026 market development trends of Heat-not-burn Tobacco Product (HNB) Market.
If you are involved in the Heat-not-burn Tobacco Product (HNB) industry or intend to be, then this study will provide you comprehensive outlook. It's vital you keep your market knowledge up to date segmented by types, application and major players. If you are targeting different set of players/manufacturers according to regional or country of your interest we can provide customized study according to that.
1.The report provides key statistics on the market status of the Global Heat-not-burn Tobacco Product (HNB) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2. Basic overview of the industry including its definition, applications and manufacturing technology.
3. Company profile, product specifications, capacity, production value, and market shares for key players.
4. The total market is further divided by company, by country, and by application and type to better demonstrate segment analysis.
5. To estimates 2020-2026 market development trends of Heat-not-burn Tobacco Product (HNB) Market.
S&P Global Platts Analytics expects a number of carbon
emissions-related policy changes to China's steel industry to be
announced during China's National People's Congress and Chinese People's
Political Consultative Conference, or the Two Sessions, starting in
Beijing on March 4.To get more news about LiangHui 2021, you can visit shine news official website.
Platts expects that to achieve carbon neutrality by 2060, a series of policy changes comprising steel production reduction, steel export rebate cuts, the increase of scrap utilization, development of electric arc furnaces, as well as the establishment of a carbon emissions quota trade, are likely to be announced during or shortly after the NPC and CPPCC.
China's Ministry of Industry and Information Technology has cited the plan to cut steel output no less than three times already in 2021 as the most effective way to reduce emissions. But this could hurt the profitability of steel end-users, or even drive up inflation. This is because steel demand is expected to continue rising modestly in 2021, so any year-on-year steel output decline could trigger a sharp rise in steel prices.
Platts Analytics expects steel output cuts to occur in the second half of 2021, as demand is likely be lower in H2 than in H1. Implementation of emissions quotas could be a way to enforce production cuts if emissions quotas allocated to mills are exceeded.
The Ministry of Ecology and Environment is taking the lead in setting carbon emissions quotas and a trading mechanism. Some mill sources said setting emission quotas for hundreds of steel mills is complex, and it remained unclear when more details will be announced. If steel output cuts began to hurt downstream users, they could be loosened or lifted.Export rate reductions could occur later this year to discourage exports and indirectly steel production. But cutting export rebates by too much and too quickly will hurt steel industry profitability. The average profit margin for China Iron & Steel Association members was 4.4% in 2020, down from 4.6% in 2019.
A likely scenario could see rebates reduced for comparatively low-end steel products, such as long steel and hot-rolled coil, from 13% to 9%, while high-end products, like cold-rolled coil and hot-dip galvanized coil, remain unchanged at 13%.This strategy is expected to be reiterated during the Two Sessions. But to establish a mature scrap supply chain is likely to take another two to three years, while electricity shortages will continue to hold back the development of electric arc furnaces or EAFs.
China plans to increase its domestic scrap supply to around 300 million mt/year by 2025, up from 240 million mt/year in 2019, meaning the increase of scrap supply is only about 10 million mt/year over 2020-2025.Scrap imports may amount to just a few million mt in 2021, as recovering overseas demand for scrap has already pushed up overseas scrap prices.
Platts Analytics forecasts that China's net EAF capacity expansion will be about 13.3 million mt/year in 2021, taking the country's total EAF capacity to about 196 million mt/year by the end of 2021. This would account for 15% of China's total crude steel capacity. However, the net expansion will slow down after 2021 to probably just 7 million mt/year in total over 2022-2024.Platts Analytics believes blast furnaces and converters will remain the main route to making iron and steel, with EAFs a supplement. However, gradually increasing scrap supply will help to increase scrap utilization rates in converters. The scrap ratio in Chinese converters can be boosted to as high as 20%-30%, while the ratio surveyed by Platts in Q4 2020 averaged 18%.
Platts expects that to achieve carbon neutrality by 2060, a series of policy changes comprising steel production reduction, steel export rebate cuts, the increase of scrap utilization, development of electric arc furnaces, as well as the establishment of a carbon emissions quota trade, are likely to be announced during or shortly after the NPC and CPPCC.
China's Ministry of Industry and Information Technology has cited the plan to cut steel output no less than three times already in 2021 as the most effective way to reduce emissions. But this could hurt the profitability of steel end-users, or even drive up inflation. This is because steel demand is expected to continue rising modestly in 2021, so any year-on-year steel output decline could trigger a sharp rise in steel prices.
Platts Analytics expects steel output cuts to occur in the second half of 2021, as demand is likely be lower in H2 than in H1. Implementation of emissions quotas could be a way to enforce production cuts if emissions quotas allocated to mills are exceeded.
The Ministry of Ecology and Environment is taking the lead in setting carbon emissions quotas and a trading mechanism. Some mill sources said setting emission quotas for hundreds of steel mills is complex, and it remained unclear when more details will be announced. If steel output cuts began to hurt downstream users, they could be loosened or lifted.Export rate reductions could occur later this year to discourage exports and indirectly steel production. But cutting export rebates by too much and too quickly will hurt steel industry profitability. The average profit margin for China Iron & Steel Association members was 4.4% in 2020, down from 4.6% in 2019.
A likely scenario could see rebates reduced for comparatively low-end steel products, such as long steel and hot-rolled coil, from 13% to 9%, while high-end products, like cold-rolled coil and hot-dip galvanized coil, remain unchanged at 13%.This strategy is expected to be reiterated during the Two Sessions. But to establish a mature scrap supply chain is likely to take another two to three years, while electricity shortages will continue to hold back the development of electric arc furnaces or EAFs.
China plans to increase its domestic scrap supply to around 300 million mt/year by 2025, up from 240 million mt/year in 2019, meaning the increase of scrap supply is only about 10 million mt/year over 2020-2025.Scrap imports may amount to just a few million mt in 2021, as recovering overseas demand for scrap has already pushed up overseas scrap prices.
Platts Analytics forecasts that China's net EAF capacity expansion will be about 13.3 million mt/year in 2021, taking the country's total EAF capacity to about 196 million mt/year by the end of 2021. This would account for 15% of China's total crude steel capacity. However, the net expansion will slow down after 2021 to probably just 7 million mt/year in total over 2022-2024.Platts Analytics believes blast furnaces and converters will remain the main route to making iron and steel, with EAFs a supplement. However, gradually increasing scrap supply will help to increase scrap utilization rates in converters. The scrap ratio in Chinese converters can be boosted to as high as 20%-30%, while the ratio surveyed by Platts in Q4 2020 averaged 18%.
The Chinese Communist Party will open its annual congress on May 22,
after postponing the event for a number of weeks due to the coronavirus
epidemic.To get more news about China Two Sessions, you can visit shine news official website.
The announcement, reported by its state news agency Xinhua, indicates China's growing confidence that it has largely overcome the pandemic that was first detected in the country's Hubei province late last year.
"Under the strong leadership of the Communist Party of China … with Comrade Xi Jinping at the core, and through the hard work of the whole country and the people, the COVID-19 epidemic prevention and control situation in China is improving steadily and the normal economic and social life is gradually resuming," Xinhua said.
Around one-third of the 3,000 delegates in attendance are provincial and municipal-level cadres, who have had important leadership roles working on the front line of the battle against the epidemic.
Held in Beijing, the meeting will see delegates travel from across the country by plane and train to hear a state-of-the-country address from Premier Li Keqiang, seated shoulder-to-shoulder in the colossal auditorium at the Great Hall of the People.It wasn't clear from Xinhua's report whether delegates would be meeting in person or virtually and there was no word on any meeting of the congress' advisory body that meets around the same time.
A report in the state-run tabloid Global Times, however, indicated that the meeting could be shorter than usual due to the epidemic.
The annual meeting known as the Two Sessions brings together two of China's political bodies, the Chinese People's Political Consultative Conference (CPPCC) and the National People's Congress (NPC), China's legislature.While CPPCC has an advisory role, it has no power to pass laws — that's the responsibility of the delegates who make up the NPC, who are mostly Communist Party members, and tend to pass laws reflecting the vision of the party's leaders.
While China claims the Two Sessions is a form of democracy, observers generally consider it a 'rubber stamp' parliament used by the Government to set out the country's achievements and map out the year ahead.
The announcement, reported by its state news agency Xinhua, indicates China's growing confidence that it has largely overcome the pandemic that was first detected in the country's Hubei province late last year.
"Under the strong leadership of the Communist Party of China … with Comrade Xi Jinping at the core, and through the hard work of the whole country and the people, the COVID-19 epidemic prevention and control situation in China is improving steadily and the normal economic and social life is gradually resuming," Xinhua said.
Around one-third of the 3,000 delegates in attendance are provincial and municipal-level cadres, who have had important leadership roles working on the front line of the battle against the epidemic.
Held in Beijing, the meeting will see delegates travel from across the country by plane and train to hear a state-of-the-country address from Premier Li Keqiang, seated shoulder-to-shoulder in the colossal auditorium at the Great Hall of the People.It wasn't clear from Xinhua's report whether delegates would be meeting in person or virtually and there was no word on any meeting of the congress' advisory body that meets around the same time.
A report in the state-run tabloid Global Times, however, indicated that the meeting could be shorter than usual due to the epidemic.
The annual meeting known as the Two Sessions brings together two of China's political bodies, the Chinese People's Political Consultative Conference (CPPCC) and the National People's Congress (NPC), China's legislature.While CPPCC has an advisory role, it has no power to pass laws — that's the responsibility of the delegates who make up the NPC, who are mostly Communist Party members, and tend to pass laws reflecting the vision of the party's leaders.
While China claims the Two Sessions is a form of democracy, observers generally consider it a 'rubber stamp' parliament used by the Government to set out the country's achievements and map out the year ahead.
There are many trading brokers you can choose from. But you should be
extremely careful because not all of them are honest. In fact, a great
number of brokers working on the Internet are not regulated. Those you
do not want to be anywhere near your trading.To get more news about WikiFX, you can visit wikifx official website.
There are also plenty of regulated brokers of financial derivatives. Again, not all of them are the best choice because not everyones work is transparent.
And here is Olymp Trade. During the time we conducted many tests to discover the ways regulated financial derivative brokers steal from you. Olymp Trade proved its worth. This is the one you can trust.The traders develop their own trading styles and normally, those techniques work on various platforms. The truth is, that the broker is at the same time a technology owner. And this, unfortunately, gives them the ability to moderate the price.
If the broker is dishonorable and he notices that you keep winning the trades, he might want to change this situation by manipulating prices. Usually, it is one tick change just before the end of the trade.
If you are in doubt, check out your broker by opening another platform (e.g. MT4) next to the present one. Run them simultaneously and compare the price fluctuations in real-time.Fixed-time trades expire at the specified time. Therefore, it is very important to study the timer, when entering the trade. Keep an eye on the clock to check whether the order is processed exactly at the time it was set or not. Next, whether the timer runs as normal. And lastly, whether the trade expires as expected.
Unfortunately, there are brokers ready to manipulate their timers just to cause a loss for you. They either make the clock run faster or slower. Both ways, you lose, they win.Small gains are increasing the appetite for more. They boost your confidence as well. Why not try on bigger amounts when you are so good in small ones in the long run. And brokers know all of this very well.
What they do is allow you to win small amounts on their platforms. With time, you wish to invest a big chunk of money in one transaction. And from this point, things are not going exactly the way you wanted.
The brokers are fraudulently taking the money from your account balance. They are aware of the fact, that you will most probably fund your account another time just to recover your failures. And it all starts again.Another classic way for market crooks. Imagine you enter the trade. It is very natural you want to watch how it is developing. You want to see the price movement in the desired direction. And right before the transaction expires, the server disconnects.
Sure, the error connection could happen. But not necessarily it was on your side. Sometimes it is the broker‘s intentional action. And when this will happen, you become completely baffled. The market won’t stop and wait, but you can do absolutely nothing. After a very short moment, even a few seconds, when the connection problem is fixed, you realize you have lost your trade.Usually, the brokers have a set schedule in which payouts have to be processed and transferred to clients accounts. If you find out you still do not have your money deposited after the specified time, you have the right to ask for the explanation. And then, there should be the support team able to help you to get your money back.
The trick the fraudulent brokers often use is to upset their customers by applying a difficult and confusing support system. Often the clients get fed up with it and they simply give up. Do not be one of them. Be certain to generate a transaction confirmation each time you perform a payout. You can also take a screenshot. Moreover, please verify that your chosen broker has a tracking mechanism that gives you the possibility of following the withdrawal process.
There are also plenty of regulated brokers of financial derivatives. Again, not all of them are the best choice because not everyones work is transparent.
And here is Olymp Trade. During the time we conducted many tests to discover the ways regulated financial derivative brokers steal from you. Olymp Trade proved its worth. This is the one you can trust.The traders develop their own trading styles and normally, those techniques work on various platforms. The truth is, that the broker is at the same time a technology owner. And this, unfortunately, gives them the ability to moderate the price.
If the broker is dishonorable and he notices that you keep winning the trades, he might want to change this situation by manipulating prices. Usually, it is one tick change just before the end of the trade.
If you are in doubt, check out your broker by opening another platform (e.g. MT4) next to the present one. Run them simultaneously and compare the price fluctuations in real-time.Fixed-time trades expire at the specified time. Therefore, it is very important to study the timer, when entering the trade. Keep an eye on the clock to check whether the order is processed exactly at the time it was set or not. Next, whether the timer runs as normal. And lastly, whether the trade expires as expected.
Unfortunately, there are brokers ready to manipulate their timers just to cause a loss for you. They either make the clock run faster or slower. Both ways, you lose, they win.Small gains are increasing the appetite for more. They boost your confidence as well. Why not try on bigger amounts when you are so good in small ones in the long run. And brokers know all of this very well.
What they do is allow you to win small amounts on their platforms. With time, you wish to invest a big chunk of money in one transaction. And from this point, things are not going exactly the way you wanted.
The brokers are fraudulently taking the money from your account balance. They are aware of the fact, that you will most probably fund your account another time just to recover your failures. And it all starts again.Another classic way for market crooks. Imagine you enter the trade. It is very natural you want to watch how it is developing. You want to see the price movement in the desired direction. And right before the transaction expires, the server disconnects.
Sure, the error connection could happen. But not necessarily it was on your side. Sometimes it is the broker‘s intentional action. And when this will happen, you become completely baffled. The market won’t stop and wait, but you can do absolutely nothing. After a very short moment, even a few seconds, when the connection problem is fixed, you realize you have lost your trade.Usually, the brokers have a set schedule in which payouts have to be processed and transferred to clients accounts. If you find out you still do not have your money deposited after the specified time, you have the right to ask for the explanation. And then, there should be the support team able to help you to get your money back.
The trick the fraudulent brokers often use is to upset their customers by applying a difficult and confusing support system. Often the clients get fed up with it and they simply give up. Do not be one of them. Be certain to generate a transaction confirmation each time you perform a payout. You can also take a screenshot. Moreover, please verify that your chosen broker has a tracking mechanism that gives you the possibility of following the withdrawal process.
Like other precious metals, silver prices have been challenged in recent
days by the rise in global bond yields, particularly US Treasury
yields. Even as silver prices have dropped below the February low, the
market is still proving rather resilient. The quick return back above
the February low as well as key Fibonacci retracements suggests that
underlying demand remains robust, even through the yield storm.To get
more news about WikiFX, you can visit wikifx official website.
Its important to view recent price action across asset classes through the lens of asset allocation and risk-adjusted returns. Silver, like other precious metals, does not have a dividend, yield, or coupon, thus a jump in both US nominal and real yields presents a problem. Moreover, rising US Treasury yields, narrowing the gap with key metrics like US S&P 500 dividend yield (and above that, the earnings yield), are provoking reallocation not just in commodities, but equities and FX as well.
Bond markets are the ‘tail that wags the dog,’ and while longer-term fundamentals matter, a rapid advance in yields can provoke short-term havoc that runs counter to longer-term expectations (in this case, which is a steady erosion in real yields due to the combination of loose monetary policy and expansionary fiscal policy).
SILVER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO MARCH 2021) (CHART 1)In the last silver price forecast update, it was noted that “silver prices are still carving out ‘higher highs and higher lows’; December, January, and February have set higher highs and higher lows than each of the preceding months.” Technically speaking, this trend has now ended, with today‘s price action producing a ’lower low‘ relative to February. In context of the early-February spike that produced a brief break of the 2020 high, traders shouldn’t dismiss a potential double top coming together.
For now, silver prices remain in the uptrend from the March and November 2020 low, but the slow grind higher through symmetrical triangle resistance from the August 2020 and January 2021 highs has lost some momentum. Despite the daily hammer candle, silver prices are below their daily 5-, 8-, 13-, and 21-EMA envelope, which is in neither bearish nor bullish sequential order. Daily MACD is trending lower but remains above its signal line, while daily Slow Stochastics have already dropped below their median line.The long-term view on silver prices remains bullish. “The recent triangle consolidation is occurring in context of the breakout from the downtrend dating back to the August 2013 and July 2016 highs, suggesting that a long-term bottoming effort is still under way. If the silver price triangle were to breakout to the topside, there would be good reason to suspect that the move had meaningful technical tailwinds pushing prices higher. The near-term bullish breakout in silver prices may be the start of the next leg higher in this multi-year bottoming effort.”
Both gold and silver are precious metals that typically enjoy a safe haven appeal during times of uncertainty in financial markets. While other asset classes don‘t like increased volatility (signaling greater uncertainty around cash flows, dividends, coupon payments, etc.), precious metals tend to benefit from periods of higher volatility as uncertainty increases silver’s safe haven appeal.
Its important to view recent price action across asset classes through the lens of asset allocation and risk-adjusted returns. Silver, like other precious metals, does not have a dividend, yield, or coupon, thus a jump in both US nominal and real yields presents a problem. Moreover, rising US Treasury yields, narrowing the gap with key metrics like US S&P 500 dividend yield (and above that, the earnings yield), are provoking reallocation not just in commodities, but equities and FX as well.
Bond markets are the ‘tail that wags the dog,’ and while longer-term fundamentals matter, a rapid advance in yields can provoke short-term havoc that runs counter to longer-term expectations (in this case, which is a steady erosion in real yields due to the combination of loose monetary policy and expansionary fiscal policy).
SILVER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO MARCH 2021) (CHART 1)In the last silver price forecast update, it was noted that “silver prices are still carving out ‘higher highs and higher lows’; December, January, and February have set higher highs and higher lows than each of the preceding months.” Technically speaking, this trend has now ended, with today‘s price action producing a ’lower low‘ relative to February. In context of the early-February spike that produced a brief break of the 2020 high, traders shouldn’t dismiss a potential double top coming together.
For now, silver prices remain in the uptrend from the March and November 2020 low, but the slow grind higher through symmetrical triangle resistance from the August 2020 and January 2021 highs has lost some momentum. Despite the daily hammer candle, silver prices are below their daily 5-, 8-, 13-, and 21-EMA envelope, which is in neither bearish nor bullish sequential order. Daily MACD is trending lower but remains above its signal line, while daily Slow Stochastics have already dropped below their median line.The long-term view on silver prices remains bullish. “The recent triangle consolidation is occurring in context of the breakout from the downtrend dating back to the August 2013 and July 2016 highs, suggesting that a long-term bottoming effort is still under way. If the silver price triangle were to breakout to the topside, there would be good reason to suspect that the move had meaningful technical tailwinds pushing prices higher. The near-term bullish breakout in silver prices may be the start of the next leg higher in this multi-year bottoming effort.”
Both gold and silver are precious metals that typically enjoy a safe haven appeal during times of uncertainty in financial markets. While other asset classes don‘t like increased volatility (signaling greater uncertainty around cash flows, dividends, coupon payments, etc.), precious metals tend to benefit from periods of higher volatility as uncertainty increases silver’s safe haven appeal.
Global long-term bond yields have been extending their gains, with the
US 10-Year Treasury yield at one point hiking to 1.61%. As a result,
global stock markets staged corrections to different degrees amid
concerns over the Feds earlier tightening of monetary policy. The costs
of financial institutions and corporate finance exploded in this case,
hitting the economies struggling to recover.To get more news about WikiFX, you can visit wikifx official website.
Financial markets are betting on the Fed‘s intervention in the face of the soaring US 10-Year Treasury yield. They believe the bank won’t just sit by and watch the financial market and the economy adversely affected. Thus some analysts predicted that the Fed would soon launch Operation Twist (OT) to mitigate the pressure from the spiking long-term bond yields.
Operation Twist occurs whenever the Fed uses the proceeds of its sales from short-term Treasury bills to buy long-term Treasury notes. By buying long-term notes in bulk, it puts a premium on bond prices, pushing a fall in interest rates which reduces the cost of borrowing for businesses. At the same time, it takes off some pressure of tightening monetary policy on the Fed.
The last time the Fed attempted the OT was in September 2011, in response to the Eurozone debt crisis and the aftermath of the financial tsunami. At this stage, the bank is unlikely to launch a large twist because the current correction in the financial market is not deep enough.
In future trading, the 10-Year Treasury yield is expected to regain the upward momentum after temporary consolidation, with the high of 1.97% recorded in November 2019 the general target. The uptrend, however, will hamper the Japanese yen, Swiss franc, euro and gold, but boost the DXY, which has a great chance to stand at 91.60 or even above.
Financial markets are betting on the Fed‘s intervention in the face of the soaring US 10-Year Treasury yield. They believe the bank won’t just sit by and watch the financial market and the economy adversely affected. Thus some analysts predicted that the Fed would soon launch Operation Twist (OT) to mitigate the pressure from the spiking long-term bond yields.
Operation Twist occurs whenever the Fed uses the proceeds of its sales from short-term Treasury bills to buy long-term Treasury notes. By buying long-term notes in bulk, it puts a premium on bond prices, pushing a fall in interest rates which reduces the cost of borrowing for businesses. At the same time, it takes off some pressure of tightening monetary policy on the Fed.
The last time the Fed attempted the OT was in September 2011, in response to the Eurozone debt crisis and the aftermath of the financial tsunami. At this stage, the bank is unlikely to launch a large twist because the current correction in the financial market is not deep enough.
In future trading, the 10-Year Treasury yield is expected to regain the upward momentum after temporary consolidation, with the high of 1.97% recorded in November 2019 the general target. The uptrend, however, will hamper the Japanese yen, Swiss franc, euro and gold, but boost the DXY, which has a great chance to stand at 91.60 or even above.