wisepowder's blog
Our December rundown of the best articles on vaping was a hit so we've decided to make it a regular feature. With all of the bad news stories, poorly reported articles, and outright false information being spread it can seem like that's all there is. But there are also positive and well researched stories, and some that are at least more balanced in their reporting. These are the ones that we want to spread- to let others know about them, to refute arguments, and to (hopefully) affect the coverage going forward. We've made a list of January's top articles/studies and linked to them, and we've included an excerpt to accompany each one for easy reference. “...far from hooking a new generation on nicotine, comparatively few teens who have never smoked take up vaping: less than 1 per cent of those who were vaping regularly had never smoked tobacco before.To get more news about vape manufacturers, you can visit univapo official website.”
“...the mainstream media has been routinely conflating vaping nicotine and vaping marijuana — and in the process, making it seem like all vaping is equally dangerous.”
Professor John Newton, director of health improvement at PHE, said: "There is no situation where it would be better for your health to continue smoking rather than switching completely to vaping.
“Benowitz is not exactly a fan of vaping, but he does recognize its value as harm reduction for smokers. What he is a fan of is telling the whole truth about nicotine’s properties and risks.”
“On the one hand, the WHO will suffer a credibility loss as a whole for this (and that is unwelcome). On the other, it is possibly the 'jump the shark' moment at which the facade of credibility and objectivity on tobacco issues crumbles and the organisation goes into a terminal decline.”
"The peak GP organisation has carefully reviewed all the evidence on the effectiveness and safety of vaping and has determined that it is a legitimate quitting aid for adult smokers."
“The total failure of prohibition and the War on Drugs must in all cases be replaced by accurate information, pragmatism and compassion. Young adults who choose to use substances, including nicotine, deserve harm reduction like everyone else.”
“The WHO has a long history of politically biased risk communications when it comes to e-cigarettes, but their most recent ‘fact sheet’ is shockingly bad. The document is recklessly dishonest, dangerously misleading to the public, and difficult to see as anything other than prohibitionist propaganda. In my opinion, it represents a new low for the organization on this issue.” (Amelia Howard)
“Critically, the majority of youth vapers also use or have used more deadly tobacco products (60 to 88.9 percent, depending on the frequency of vaping). While there has been fear that e-cigarettes are introducing nicotine to many young people who otherwise would not have smoked, the data show otherwise—only a small proportion of tobacco-naïve youth report vaping.”
“...the mainstream media has been routinely conflating vaping nicotine and vaping marijuana — and in the process, making it seem like all vaping is equally dangerous.”
Professor John Newton, director of health improvement at PHE, said: "There is no situation where it would be better for your health to continue smoking rather than switching completely to vaping.
“Benowitz is not exactly a fan of vaping, but he does recognize its value as harm reduction for smokers. What he is a fan of is telling the whole truth about nicotine’s properties and risks.”
“On the one hand, the WHO will suffer a credibility loss as a whole for this (and that is unwelcome). On the other, it is possibly the 'jump the shark' moment at which the facade of credibility and objectivity on tobacco issues crumbles and the organisation goes into a terminal decline.”
"The peak GP organisation has carefully reviewed all the evidence on the effectiveness and safety of vaping and has determined that it is a legitimate quitting aid for adult smokers."
“The total failure of prohibition and the War on Drugs must in all cases be replaced by accurate information, pragmatism and compassion. Young adults who choose to use substances, including nicotine, deserve harm reduction like everyone else.”
“The WHO has a long history of politically biased risk communications when it comes to e-cigarettes, but their most recent ‘fact sheet’ is shockingly bad. The document is recklessly dishonest, dangerously misleading to the public, and difficult to see as anything other than prohibitionist propaganda. In my opinion, it represents a new low for the organization on this issue.” (Amelia Howard)
“Critically, the majority of youth vapers also use or have used more deadly tobacco products (60 to 88.9 percent, depending on the frequency of vaping). While there has been fear that e-cigarettes are introducing nicotine to many young people who otherwise would not have smoked, the data show otherwise—only a small proportion of tobacco-naïve youth report vaping.”
Billed as the world’s first “real” pod mod, the Smok RPM40 Pod System Kit is a bona fide innovation at a time when the industry is sorely lacking news ideas. While all other pods mods currently in the retail marketplace feature only basic functionalities, the Smok RPM40 Pod System Kit provides the integral and ancillary attributes of a true all-in-one vaporizer, condensed into a sub-compact package.To get more news about Premium Vape kits, you can visit univapo official website.
This incorporation of full-sized Smok starter kit properties extends to the aesthetics. Maximizing the design capacities of the familiar rectangular format, the Smok RPM40 Pod System Kit presents a startlingly avant-garde vision. Featuring elegantly crafted bezels on all four sides of this pod mod, the RPM40 embodies a distinctive profile that immediately commands attention. Furthermore, the edges are rounded off at the bottom of the pod, completing this immaculate look.
Additionally, Smok engineers and product designers invested countless hours perfecting the RPM40 Pod’s mouthpiece. Since this component is actually the one with which end-users will be most familiar, it was important for the company to create a comfortable, intuitive platform. Like the rest of the RPM40, the mouthpiece features soft, elongated curves that ergonomically fit to your lips. Granted, it’s a small detail but one that magnifies the overall vaping experience.
Underlining the innovative Smok RPM40 Pod System Kit is the all-new IQ-R chipset. Working in conjunction with the integrated 1,500 mAh battery, the RPM40 by Smok offers a wide range of powerful functionalities.
First, this internal 1,500 mAh battery is one of the most efficient in the vaping market, capable of several hours of uninterrupted sessions. Moreover, it features a charging current of 0.88A, facilitating quick recharges when the battery is depleted.
Second, the IQ-R chipset allows enthusiasts to adjust their wattage output, from a range between 1W to 40W. That’s an absolutely stunning statistic for a vaporizer of this size. Moreover, it allows enthusiasts to try a range of vaping flavors, ranging from American-made e-juices to nicotine-salt e-liquids.
Third, the IQ-R chipset catalyzes the ability for the Smok RPM40 to fire at an astonishing rate of 0.001 second. Faster than you can blink your eye, this pod hits you with a burst of satisfying vapors. Additionally, the RPM40 by Smok features a resistance range between 0.2 ohm to 2.5 ohms, giving vape connoisseurs tremendous modularity potential.
Finally, the RPM40’s advanced chipset provides a full suite of safety features. From excessive temperature to short-circuit protections, Smok has you covered. Aside from the obvious, these protections are crucial since Smok anticipates several vaping newcomers.
Included in the kit are two pod cartridges: the RPM Standard Pod and the RPM Nord Pod. The former features a pre-installed RPM Mesh Coil with a 0.4-ohm resistance rating. It also features a 4.3ml e-liquid capacity. On the other end, the RPM Nord Pod features a pre-installed Nord DC Coil with a 0.6-ohm resistance rating, and a 4.5ml e-liquid capacity.
This incorporation of full-sized Smok starter kit properties extends to the aesthetics. Maximizing the design capacities of the familiar rectangular format, the Smok RPM40 Pod System Kit presents a startlingly avant-garde vision. Featuring elegantly crafted bezels on all four sides of this pod mod, the RPM40 embodies a distinctive profile that immediately commands attention. Furthermore, the edges are rounded off at the bottom of the pod, completing this immaculate look.
Additionally, Smok engineers and product designers invested countless hours perfecting the RPM40 Pod’s mouthpiece. Since this component is actually the one with which end-users will be most familiar, it was important for the company to create a comfortable, intuitive platform. Like the rest of the RPM40, the mouthpiece features soft, elongated curves that ergonomically fit to your lips. Granted, it’s a small detail but one that magnifies the overall vaping experience.
Underlining the innovative Smok RPM40 Pod System Kit is the all-new IQ-R chipset. Working in conjunction with the integrated 1,500 mAh battery, the RPM40 by Smok offers a wide range of powerful functionalities.
First, this internal 1,500 mAh battery is one of the most efficient in the vaping market, capable of several hours of uninterrupted sessions. Moreover, it features a charging current of 0.88A, facilitating quick recharges when the battery is depleted.
Second, the IQ-R chipset allows enthusiasts to adjust their wattage output, from a range between 1W to 40W. That’s an absolutely stunning statistic for a vaporizer of this size. Moreover, it allows enthusiasts to try a range of vaping flavors, ranging from American-made e-juices to nicotine-salt e-liquids.
Third, the IQ-R chipset catalyzes the ability for the Smok RPM40 to fire at an astonishing rate of 0.001 second. Faster than you can blink your eye, this pod hits you with a burst of satisfying vapors. Additionally, the RPM40 by Smok features a resistance range between 0.2 ohm to 2.5 ohms, giving vape connoisseurs tremendous modularity potential.
Finally, the RPM40’s advanced chipset provides a full suite of safety features. From excessive temperature to short-circuit protections, Smok has you covered. Aside from the obvious, these protections are crucial since Smok anticipates several vaping newcomers.
Included in the kit are two pod cartridges: the RPM Standard Pod and the RPM Nord Pod. The former features a pre-installed RPM Mesh Coil with a 0.4-ohm resistance rating. It also features a 4.3ml e-liquid capacity. On the other end, the RPM Nord Pod features a pre-installed Nord DC Coil with a 0.6-ohm resistance rating, and a 4.5ml e-liquid capacity.
Univapo is a manufacturer with a somewhat low profile in Europe. The Unix Starter Kit is designed for beginners and newcomers to vaping seeking a product that is easy to use whatever the situation.To get more news about Unix Pod Kit, you can visit univapo official website.
Basic but effective
The Unix Starter Kit is designed for beginners who are looking to start vaping. It is simple in its approach and economical in its settings. However, in no way does this simplicity detract from its effectiveness. A nice set-up for beginners.
Retro-vaping?
Overall, the Unix has a somewhat retro design. In any case, as far as vaping is concerned, “old school” only goes back a few years. Nevertheless, this bit of kit remains practical and remarkably easy to use. The 510 connector is spring-mounted and accommodates the kit’s specific clearomizer.
On the side of the battery, you will find the black and white screen and the trigger button. The button also serves to access the settings with its rotary disc.
The rotary disc has two functions. When you press at its centre, it produces vapour, acting as the trigger button. The outermost part of the ring rotates to increase and reduce the power as needed. It’s very easy for any user to operate. Note that the rotary disc rotates fairly easily – the kit is liable to become misadjusted when carried out and about. To remedy this problem, all you need to do is press the button three times to lock the selected power.
A USB C port can be found under the mod for recharging. You can vape while the battery is charging. With a capacity of 1000 mAh, a full charge is completed very quickly.
The screen only contains a few items of information. The watts, voltage, battery charge status, and inhalation time. The Unix only features one vaping menu. As such, only Watt settings can be made from 5 to 16 W, no more, no less. The kit is designed for use with the specific clearomizer including resistance coils which do not need more power. Therefore, there is no need to bombard a first-time vaper with a multitude of overly complicated menus. Simple but effective. The battery is slim and lightweight. Weighing in at just over 43 g, the Unix is easily tucked away in your pocket or bag.
Basic but effective
The Unix Starter Kit is designed for beginners who are looking to start vaping. It is simple in its approach and economical in its settings. However, in no way does this simplicity detract from its effectiveness. A nice set-up for beginners.
Retro-vaping?
Overall, the Unix has a somewhat retro design. In any case, as far as vaping is concerned, “old school” only goes back a few years. Nevertheless, this bit of kit remains practical and remarkably easy to use. The 510 connector is spring-mounted and accommodates the kit’s specific clearomizer.
On the side of the battery, you will find the black and white screen and the trigger button. The button also serves to access the settings with its rotary disc.
The rotary disc has two functions. When you press at its centre, it produces vapour, acting as the trigger button. The outermost part of the ring rotates to increase and reduce the power as needed. It’s very easy for any user to operate. Note that the rotary disc rotates fairly easily – the kit is liable to become misadjusted when carried out and about. To remedy this problem, all you need to do is press the button three times to lock the selected power.
A USB C port can be found under the mod for recharging. You can vape while the battery is charging. With a capacity of 1000 mAh, a full charge is completed very quickly.
The screen only contains a few items of information. The watts, voltage, battery charge status, and inhalation time. The Unix only features one vaping menu. As such, only Watt settings can be made from 5 to 16 W, no more, no less. The kit is designed for use with the specific clearomizer including resistance coils which do not need more power. Therefore, there is no need to bombard a first-time vaper with a multitude of overly complicated menus. Simple but effective. The battery is slim and lightweight. Weighing in at just over 43 g, the Unix is easily tucked away in your pocket or bag.
Vapx Geyser 100W Pod System Kit is powered by single 21700/18650 battery with max 100W output. VapX Geyser 100W Pod Kit is made of Magnesium Alloy & PC with lightweight. VapX Geyser pod kit adopts Buck-boost tech for battery 1-100% Stable output. VapX Geyser attaches two pods: 5ml 75W Air Pod and 6.5ml 45W Air Pod. The 5ml 75W Air Pod is best for Loose MTL/Loose DL vape while the 6.5ml 45W Air Pod is perfect for Tight MTL/Restricted DL vape.To get more news about vapx geyser s kit, you can visit urvapin official website.
Parameters:
Size: 87.7* 30.9* 53.5mm
Material: Magnesium Alloy & PC
Battery: single 21700 /18650 battery(Not included)
Power: 5-100W
Output Voltage: 0.5-8V
Resistance Range: 0.1-3ohm
Capacity: 6.5ml/5ml
Pod Types: 5ml 75W Air Mesh Pod, 6.5ml 45W Air Mesh Pod, 6.5ml 45W Pod
Resistances: XCoil Model 10 0.25ohm / XCoil Model 15s 0.23ohm
Compatible Coils: Coils Of Model 10n/ Model 15d(sold separately)
Features:
Magnesium Alloy & PC Construction
Powered by single 21700 and 18650 battery, 18650 adapter included
Max 100W output
Dual AFC tech, variable stepless airflow control system
Dual pop switch for pod pop up & filling
Dual air mesh design (single air mesh incluced; dual air mesh sold separately)
XCoil family, single/ dual mesh XCoils
Dual AFC 75W Pod(5ml)
Dual AFC 45W Pod(6.5ml)
Tight MTL/ loose MTL/ restricted DL/ loose DL
3D airflow mechanism RDTA pod(sold separately)
Buck-boost tech, battery 1-100% Stable output
Parameters:
Size: 87.7* 30.9* 53.5mm
Material: Magnesium Alloy & PC
Battery: single 21700 /18650 battery(Not included)
Power: 5-100W
Output Voltage: 0.5-8V
Resistance Range: 0.1-3ohm
Capacity: 6.5ml/5ml
Pod Types: 5ml 75W Air Mesh Pod, 6.5ml 45W Air Mesh Pod, 6.5ml 45W Pod
Resistances: XCoil Model 10 0.25ohm / XCoil Model 15s 0.23ohm
Compatible Coils: Coils Of Model 10n/ Model 15d(sold separately)
Features:
Magnesium Alloy & PC Construction
Powered by single 21700 and 18650 battery, 18650 adapter included
Max 100W output
Dual AFC tech, variable stepless airflow control system
Dual pop switch for pod pop up & filling
Dual air mesh design (single air mesh incluced; dual air mesh sold separately)
XCoil family, single/ dual mesh XCoils
Dual AFC 75W Pod(5ml)
Dual AFC 45W Pod(6.5ml)
Tight MTL/ loose MTL/ restricted DL/ loose DL
3D airflow mechanism RDTA pod(sold separately)
Buck-boost tech, battery 1-100% Stable output
Vaping and E-Cigarettes : The New Public Health Problem
As the number of vaping-related illnesses and deaths in the U.S. continues to rise, government officials at the federal, state and local levels have focused on curbing – and, in some cases, banning – the sale of e-cigarette and vaping products, especially those appealing to minors.To get more news about Cheap Vape Deals, you can visit urvapin official website.
As of early November, there had been more than 2,050 confirmed and probable cases of severe lung disease and 39 deaths in 24 states linked to vaping in the U.S., with some of the patients in their teens. The reaction has been swift: The Trump administration signaled a forthcoming ban on all non-tobacco flavored e-cigarette products, while governors in New York, Massachusetts, Michigan, Rhode Island and Washington have moved to sharply restrict or even eliminate sales of e-cigarette products. California is cracking down on illicit and bootleg e-cigarettes, and retail giant Walmart announced it would stop selling the devices in its stores. Internationally, India banned the sale of all e-cigarettes, citing newly found health risks.
On Nov. 5, federal health officials identified vitamin E acetate -- an oily, sticky substance sometimes used as a thickening agent in vaping products -- as a possible cause of the illnesses; the substance was found in 29 samples of lung fluid from patients who had fallen ill after vaping.
The Centers for Disease Control and Prevention has warned consumers to stop vaping. "While the investigation is ongoing, CDC has advised that individuals consider not using e-cigarettes because as of now, this is the primary means of preventing this severe lung disease," Dr. Dana Meaney-Delman, who is managing the CDC's response to the outbreak, said in a call with reporters and other federal officials.
E-cigarettes and vape pens go by many names, including e-cigs, e-hookahs, mods, vapes, tank systems and electronic nicotine delivery systems, or ENDS. They come in many shapes and sizes, but all have three main components: a heating element, a liquid that typically contains flavorings and nicotine, and a mouthpiece.
As the number of vaping-related illnesses and deaths in the U.S. continues to rise, government officials at the federal, state and local levels have focused on curbing – and, in some cases, banning – the sale of e-cigarette and vaping products, especially those appealing to minors.To get more news about Cheap Vape Deals, you can visit urvapin official website.
As of early November, there had been more than 2,050 confirmed and probable cases of severe lung disease and 39 deaths in 24 states linked to vaping in the U.S., with some of the patients in their teens. The reaction has been swift: The Trump administration signaled a forthcoming ban on all non-tobacco flavored e-cigarette products, while governors in New York, Massachusetts, Michigan, Rhode Island and Washington have moved to sharply restrict or even eliminate sales of e-cigarette products. California is cracking down on illicit and bootleg e-cigarettes, and retail giant Walmart announced it would stop selling the devices in its stores. Internationally, India banned the sale of all e-cigarettes, citing newly found health risks.
On Nov. 5, federal health officials identified vitamin E acetate -- an oily, sticky substance sometimes used as a thickening agent in vaping products -- as a possible cause of the illnesses; the substance was found in 29 samples of lung fluid from patients who had fallen ill after vaping.
The Centers for Disease Control and Prevention has warned consumers to stop vaping. "While the investigation is ongoing, CDC has advised that individuals consider not using e-cigarettes because as of now, this is the primary means of preventing this severe lung disease," Dr. Dana Meaney-Delman, who is managing the CDC's response to the outbreak, said in a call with reporters and other federal officials.
E-cigarettes and vape pens go by many names, including e-cigs, e-hookahs, mods, vapes, tank systems and electronic nicotine delivery systems, or ENDS. They come in many shapes and sizes, but all have three main components: a heating element, a liquid that typically contains flavorings and nicotine, and a mouthpiece.
Among the various uncertainties in the global financial markets, Brexit
negotiations and the US presidential election are the most concerned. In
terms of Brexit, it is reported that the UK government will officially
withdraw from negotiations with the EU if a deal isn't achieved this
week. The British government has repeatedly stressed the seriousness of
the statement, with a deadline of October 15 (this Thursday) set by
Prime Minister Johnson. While both sides have acknowledged they are at
loggerheads, Johnson indicated that the country's trading arrangements
with the EU would be like Australia's if no deal was reached.To get more
news about WikiFX, you can visit wikifx official website.
Johnson's Internal Market Bill, which has passed its third reading in the Commons, is aimed to be an incentive for the EU to make concessions. But the Bill is a violation of the Brexit agreement signed earlier. The EU thus intends to take Britain to the International Court of Justice (ICJ). With that said, I believe the impasse can hardly find a break since the UK has tried to get concessions from the EU by breaking international law, and since the EU will be determined to sue the UK for the unacceptable illegal means. The pound may see a wide drop under selling pressures once the EU takes the UK to the ICJ immediately after the British government announces its withdrawal from the negotiations this Thursday.
In terms of the US presidential election, Trump failed to chalk up sympathy votes by his speedy recovery from COVID-19. Besides, his approval ratings haven't received any upside despite Vice President Pence's average performance in the television debate against another candidate. In this case, Trump is likely to fight back with unusual tactics, which may raise the uncertainty in the market and sentiment. As a result, the US dollar will have a chance to rally bolstered by the lasting risk aversion. Conversely, the pound may be dragged down by Brexit uncertainties. In the following week, the selling of the pound may be enduring unless Johnson dramatically makes significant concessions to resolve the crisis of hard Brexit. But in my opinion, to break the deadlock is difficult because the purpose of Johnson's Internal Market Bill is to force the EU to make concessions rather than doing so himself.
Johnson's Internal Market Bill, which has passed its third reading in the Commons, is aimed to be an incentive for the EU to make concessions. But the Bill is a violation of the Brexit agreement signed earlier. The EU thus intends to take Britain to the International Court of Justice (ICJ). With that said, I believe the impasse can hardly find a break since the UK has tried to get concessions from the EU by breaking international law, and since the EU will be determined to sue the UK for the unacceptable illegal means. The pound may see a wide drop under selling pressures once the EU takes the UK to the ICJ immediately after the British government announces its withdrawal from the negotiations this Thursday.
In terms of the US presidential election, Trump failed to chalk up sympathy votes by his speedy recovery from COVID-19. Besides, his approval ratings haven't received any upside despite Vice President Pence's average performance in the television debate against another candidate. In this case, Trump is likely to fight back with unusual tactics, which may raise the uncertainty in the market and sentiment. As a result, the US dollar will have a chance to rally bolstered by the lasting risk aversion. Conversely, the pound may be dragged down by Brexit uncertainties. In the following week, the selling of the pound may be enduring unless Johnson dramatically makes significant concessions to resolve the crisis of hard Brexit. But in my opinion, to break the deadlock is difficult because the purpose of Johnson's Internal Market Bill is to force the EU to make concessions rather than doing so himself.
The trading session for last week candle close below price handle level
1.56 has exposed this pair to further downside slip or selloff as that
zone was and is now looking as very strong supply zone having really
hold off bullish price action.To get more news about WikiFX, you can visit wikifx official website.
There may also be a false bullish flag pattern playing out as buyers could not push and close the price up past the previous week trading session swing high point and therefore further exposing not only the support line level of 1.55 but also the main lower trend line and now explicitly guiding momentum for bearish market speculators.
The 2 day chart below gives a good price action perspective for market participants interested to swing this trade with their defined limit orders and risk to reward parameters as set or defined as per their trading rules.
Of course, ones discretion and risk management is advised.
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.
There may also be a false bullish flag pattern playing out as buyers could not push and close the price up past the previous week trading session swing high point and therefore further exposing not only the support line level of 1.55 but also the main lower trend line and now explicitly guiding momentum for bearish market speculators.
The 2 day chart below gives a good price action perspective for market participants interested to swing this trade with their defined limit orders and risk to reward parameters as set or defined as per their trading rules.
Of course, ones discretion and risk management is advised.
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.
Prices of gold and silver saw a large retreat four weeks ago just after I
published the Negative Points of Buffetts Buying Gold-Mining Stocks.
Trends of precious metals are seemingly simple but yet proved to be
tricky.To get more news about WikiFX, you can visit wikifx official website.
As of this writing (September 24), spot gold prices have fallen from the all-time high of $2,075.00 to $1,853.50, a decline of 10.67%. Such a drop stems mainly from the upbeat expectations of financial markets on the available coronavirus vaccine, which pushes economic activities back on track. With the economy seeing the start of a pick-up, central banks unwind the pressure on monetary easing, thus gold prices are punished. Besides, as over ten countries have been delivering their gold reserves back from the U.S. and U.K., I suppose some countries are likely to dishoard gold for more cash amid the high gold prices, so as to ease their financial pressure in outbreak response.
The recovered U.S. dollar, of course, is the last factor depressing gold prices. Apart from the changes in the Fed‘s monetary policies, which have sent a rally to the greenback, the Fed officials also stated that the country’s interest rates would have a chance to rise early, fueling further gains for the DXY to breach above the $94 barrier. Moreover, considering the DXY outshines others at the expense of GBP and EUR, all the non-USD currencies, gold, and silver have seen varying degrees of correction.
In terms of catching gold prices, investors are recommended to eye the dollar rather than indiscriminately focusing on other topics. With the U.S. stocks remaining weak recently, the U.S. dollar has bottomed out due to the RSI divergence, which becomes another key affecting the dollars trends. The trends on the chart show that the current DXY is expected to reclaim the $95.716 level, putting correction pressures on gold prices and non-USD currencies in the short run. From my estimate, gold may challenge a lower level of $1,765.00 this time while the silver is highly like to further decrease to $19.648.
As of this writing (September 24), spot gold prices have fallen from the all-time high of $2,075.00 to $1,853.50, a decline of 10.67%. Such a drop stems mainly from the upbeat expectations of financial markets on the available coronavirus vaccine, which pushes economic activities back on track. With the economy seeing the start of a pick-up, central banks unwind the pressure on monetary easing, thus gold prices are punished. Besides, as over ten countries have been delivering their gold reserves back from the U.S. and U.K., I suppose some countries are likely to dishoard gold for more cash amid the high gold prices, so as to ease their financial pressure in outbreak response.
The recovered U.S. dollar, of course, is the last factor depressing gold prices. Apart from the changes in the Fed‘s monetary policies, which have sent a rally to the greenback, the Fed officials also stated that the country’s interest rates would have a chance to rise early, fueling further gains for the DXY to breach above the $94 barrier. Moreover, considering the DXY outshines others at the expense of GBP and EUR, all the non-USD currencies, gold, and silver have seen varying degrees of correction.
In terms of catching gold prices, investors are recommended to eye the dollar rather than indiscriminately focusing on other topics. With the U.S. stocks remaining weak recently, the U.S. dollar has bottomed out due to the RSI divergence, which becomes another key affecting the dollars trends. The trends on the chart show that the current DXY is expected to reclaim the $95.716 level, putting correction pressures on gold prices and non-USD currencies in the short run. From my estimate, gold may challenge a lower level of $1,765.00 this time while the silver is highly like to further decrease to $19.648.
When financial markets have been eyeing on issues such as China-U.S.
relations, the U.S. presidential election and the second wave of the
pandemic, Europe seems to be gearing up for a black swan, an event in
which a deterioration will trim the recently weak euro even lower.To get
more news about WikiFX, you can visit wikifx official website.
A barrage of large-scale demonstrations broke out after Belaruss presidential election because local people suspected Lukashenka conducted ballot rigging and called for his resignation. With an 80% approval rating and the strong support from Russian President Vladimir Putin, Lukashenka won the re-election and refused to step down, which worsened the situation on the ground.
The European Union officially refused to recognize Lukashenka as the new president of Belarus, saying the announced results were fraudulent and did not convey legitimacy. At the same time, the UK declared it would impose sanctions against Belarus while French President Emmanuel Macron also called on Lukashenko to step down. Nevertheless, the Belarusian government still took a hard line and accused outside meddling in the internal affairs. It seems Belarus is seeing further deterioration rather than embracing a peaceful settlement.
While the ostensible opponent of the EU is Belarus, the actual one is Russia. The battle between the two sides over the Belarus dispute will upgrade the tension in Europe. Once the situation in Belarus gets out of hand, the euro may swallow a bitter pill.
In the financial market, several events have staged their performance: the UK-EU trade talks from Monday to Friday, the first US presidential debate and the release of US GDP on Wednesday, the EU summit on Thursday, and the release of US jobs data on Friday. The EU summit was expected to see the sanction against Belarus unanimously passed, thus Russias response would be thrust into the spotlight. These events would spoil the fun in the financial market.
A barrage of large-scale demonstrations broke out after Belaruss presidential election because local people suspected Lukashenka conducted ballot rigging and called for his resignation. With an 80% approval rating and the strong support from Russian President Vladimir Putin, Lukashenka won the re-election and refused to step down, which worsened the situation on the ground.
The European Union officially refused to recognize Lukashenka as the new president of Belarus, saying the announced results were fraudulent and did not convey legitimacy. At the same time, the UK declared it would impose sanctions against Belarus while French President Emmanuel Macron also called on Lukashenko to step down. Nevertheless, the Belarusian government still took a hard line and accused outside meddling in the internal affairs. It seems Belarus is seeing further deterioration rather than embracing a peaceful settlement.
While the ostensible opponent of the EU is Belarus, the actual one is Russia. The battle between the two sides over the Belarus dispute will upgrade the tension in Europe. Once the situation in Belarus gets out of hand, the euro may swallow a bitter pill.
In the financial market, several events have staged their performance: the UK-EU trade talks from Monday to Friday, the first US presidential debate and the release of US GDP on Wednesday, the EU summit on Thursday, and the release of US jobs data on Friday. The EU summit was expected to see the sanction against Belarus unanimously passed, thus Russias response would be thrust into the spotlight. These events would spoil the fun in the financial market.
While the public was worrying about whether Trump's condition would
worsen, the president has been reported to be on a path to a full
recovery and may be discharged from the hospital soon. His speedy
recovery surprised financial markets, causing analysts to refocus on the
underlying fundamentals.To get more news about WikiFX, you can visit wikifx official website.
Although Trump debated hotly against Democratic presidential candidate Biden last Wednesday, the latest polls show that he has failed to turn things around as his support rate is still 10% behind Biden, coupled with his miraculously speedy recovery. Amid the dampened risk aversion, US stocks may have a chance to rebound sharply this week, which may push the DXY back to the resistance zone of 93.527-93.465.
As the greenback is hampered in the short term, there is room for non-dollar currencies to rebound, among which the euro and the pound are not strong enough due to their respective concerns. A recovery in global stock markets may boost the Australian dollar and the Swiss franc in the short term. This week, therefore, AUD/USD may grasp a chance to challenge the above resistances of 0.7267 and 0.7345, while the Swiss franc, another currency with no much concern, will vigorously challenge the support zone of 0.9121-0.9049 amid the hampered dollar.
The vice-presidential debate was held on October 7. Although many people do not value it, I believe it is definitely worth watching this time because last week's debate between Trump and Biden is much more like a quarrel, which is arguably the worst one in American history. Thus all eyes should better turn to this debate for the relevant platforms. Besides, considering the advancing years of both the presidential candidates, the elected vice president will take office then once the elected president cannot finish the term for some reason. With that said, I believe the debate between the two vice-presidential candidates may send some volatility through financial markets. Thus investors should not take it lightly.
Although Trump debated hotly against Democratic presidential candidate Biden last Wednesday, the latest polls show that he has failed to turn things around as his support rate is still 10% behind Biden, coupled with his miraculously speedy recovery. Amid the dampened risk aversion, US stocks may have a chance to rebound sharply this week, which may push the DXY back to the resistance zone of 93.527-93.465.
As the greenback is hampered in the short term, there is room for non-dollar currencies to rebound, among which the euro and the pound are not strong enough due to their respective concerns. A recovery in global stock markets may boost the Australian dollar and the Swiss franc in the short term. This week, therefore, AUD/USD may grasp a chance to challenge the above resistances of 0.7267 and 0.7345, while the Swiss franc, another currency with no much concern, will vigorously challenge the support zone of 0.9121-0.9049 amid the hampered dollar.
The vice-presidential debate was held on October 7. Although many people do not value it, I believe it is definitely worth watching this time because last week's debate between Trump and Biden is much more like a quarrel, which is arguably the worst one in American history. Thus all eyes should better turn to this debate for the relevant platforms. Besides, considering the advancing years of both the presidential candidates, the elected vice president will take office then once the elected president cannot finish the term for some reason. With that said, I believe the debate between the two vice-presidential candidates may send some volatility through financial markets. Thus investors should not take it lightly.