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In an environment where many major currencies are range-bound, the British Pound has put in a recent streak of weakness.To get more news about WikiFX, you can visit wikifx news official website.

　　Brexit remains as a driver but the notable item from this week was talk of potentially negative interest rates in the UK.

　　Next weeks economic calendar is rather light on high-impact data releases, pointing to the possible continuation of risk themes as a primary driver.

　　GBP Bounces After Last Weeks Support Breaks

　　It has so far been a brighter outlay this week for the British Pound as the currency has bounced against both the US Dollar and the Japanese Yen. Last week was marked by weakness in Sterling as sellers pushed each of those pairs down to fresh monthly lows; but at least a portion of that has been offset this week as both GBP/USD and GBP/JPY have thus far put in net gains, even as talk of negative interest rates from the BoE began to circulate through the headlines.

　　This dynamic isnt necessarily discounting the prospect of negative interest rates as much as it may be driven by a related theme in risk markets. As discussed on the topic of Gold and then US equities, an interview from FOMC Chair Jerome Powell that was broadcast on Sunday night has helped to add some heat to the current risk rally, and this looks to have taken a toll on both the US Dollar and Japanese Yen getting hit with another bout of weakness; which has helped to buoy both GBP/USD and GBP/JPY.
　　In Cable, the big question is whether sellers are going to react to that next spot of lower-high resistance, and there‘s a few possible areas where that may develop: From the below chart current support showed up around the 38.2% retracement of the March major move; and the 50% marker from that same study is very nearby, just above the 1.2300 handle. That area helped to provide a couple of spots of support in late-April and then again in early-May. Above that, the 61.8% retracement lines up very closely to the 1.2500 level, producing an element of confluence that may constitute an ’r2 zone of resistance.

Make sure to keep your chips at the critical moment.

　　After the 2008 financial crisis, the whole world is afraid of whether there will be another financial crisis similar to that of 2008. When the crisis really comes, people are still unprepared and unable to deal with it. What is the real danger？ The largest economy starts to divide due to trading, the whole country was hit by COVID-19. An uncoordinated policy response between countries will prolong economic weakness and trigger a new round of currency war.Trade war, that means two or more countries have a conflict of trade taxes with each other. Generally, a country implements trade war in order to raise tariffs against other countries and expand its own exports. If the countries involved refused to compromise, they will face further increase of export tariffs.

　　Currency war means that countries maximize their benefits through their own currencies, usually by devaluing their currencies to stimulate exports and gain benefits from the exchange rate. When countries begin to devalue their currencies competitively, global currency wars and exchange rate wars will break out.To get more news about WikiFX, you can visit wikifx news official website.

　　What's your leverage？

　　With the quantity of COVID-19 confirmed cases keep raising, the market investors have an unprecedented sense of urgency.

　　According to an analysis by MSIC, so far, global stock markets have fallen nearly 20 percent as a result of the spread of the COVID-19 epidemic and the collapse in oil prices, and volatility is expected to soar to more than 40 percent. It remains to be seen whether the crisis will follow a pattern similar to that of the past.

　　Underthe epidemic, major central banks around the world have begun to act.

　　The Fed cut interest rates by 50 bp and 100bp in a row, lowered the target range of the federal funds rate to 0- 0.25 percent, announced a new round of quantitative easing (QE) of $700 billion and cut the discount rate for emergency loans by 125bp. According to incomplete statistics, in addition to the Federal Reserve, more than a dozen central banks, including the Bank of Australia, the Bank of Canada and the Bank of Korea, have also entered the ranks of interest rate cuts.

　　Although the European Central Bank and the Bank of Japan, which are already in negative interest rates, did not cut interest rates further, they both stepped up quantitative easing. The ECB added an additional 120 billion euros in asset purchases until the end of the year, while the Bank of Japan announced an Y6,000bn increase of its annual ETF purchase target to Y12 trillion and a raise of the Japanese real estate investment trust (J-REITs) purchase target to Y180 billion.

　　It is worth noting that at present, a single monetary policy is no longer enough to boost market confidence. At present, the Fed is only one step away from negative interest rates, and there is a lot of speculation that the Fed will join the camp of negative interest rates in the future. However, whether negative interest rates can effectively boost the economy is still controversial, and the policy has also been criticized by many parties. The traditional monetary policy system, represented by the Federal Reserve, has been in trouble. Although extraordinary policy stimulus has become the norm, it cannot fundamentally break the situation and will deepen rather than alleviate the hidden risks.

　　Judging from the fiscal measures of major economies, the US Congress has passed an $8.3 billion bill to deal with the COVID-19 epidemic, and the Trump administration is planning to launch a nearly $1,000bn economic stimulus policy. Canada has also announced a new fiscal measure of C$1.1 billion. South Korea's parliament approved a supplementary budget of 11.7 trillion won to deal with the impact of the epidemic on the economy and support fragile businesses and domestic consumption.

GBP Faces Pressure with Inflation Rate at 4-year’s Low

May 21st from WikiFX news. Britains inflation rate dropped to the lowest since August, 2016, raising speculations that the Bank of England will have to take further measures to boost demand.To get more news about WikiFX, you can visit wikifx news official website.

　　In addition, Britan‘s CPI grew 0.8% year-on-year, lower than economists’ expectations. The figure may kindle an even more heated debate over whether the central bank should introduce negative interest rate for the first time.

　　HSBC downgraded its forecast of GBP/USD before the end of the year from the previous 1.35 to 1.2, while pointing out the risks including Britains fiscal well-being(as the worst of G10 members) and Brexit: euro is expected to rise from 0.81 to 0.87 against pound before the end of the year, the British government again dismissed the possibility of extending the Brexit transitional period, while it seems unlikely for the two sides to completely settle a free trade deal before the end of 2020.

　　With Britain sinking into a severe recession and the economy in sluggish recovery, structural factors may further weigh on the pound.

Mega Millions lottery ticket worth $1 million was sold

The $1 million Mega Millions ticket purchased in New Jersey for Friday’s lottery drawing was sold at a gas station in Burlington County.Get more news about <b>彩票包网服务</b>,you can vist loto98.com

The winner bought the lucky, second-prize ticket at Horsetrack Gas on Federal Street in Burlington City, New Jersey Lottery officials said Monday. It matched five numbers but not the Mega Ball.
In addition, a third-prize, $10,000 ticket was sold at a 7-Eleven on Chapel Avenue in Cherry Hill. It matched four numbers plus the Mega Ball.

Friday’s winning numbers were: 32, 35, 37, 47, and 55. The Mega Ball drawn was 22 with a Megaplier of 3X.

No one across the country hit the $378 million jackpot, pushing the top prize for Tuesday’s drawing to an estimated $410 million with a cash option of $308.2 million. If someone wins, it would the 11th-largest Mega Millions prize and the 27th-largest jackpot in U.S. lottery history.

Second prize tickets were also sold in Connecticut and Florida.

Mega Millions tickets cost $2 each and in New Jersey must be bought by 10:45 p.m. on the evening of the drawing. The odds of a ticket hitting the jackpot by matching five numbers and the Mega Ball are 302,575,350 to 1. Players have a 1 in 12,607,306 shot to win the second prize of at least $1 million by matching five numbers.

The New Jersey Lottery office in Lawrence remains closed due to COVID-19 and won’t be accepting walk-in claims. You can still claim your winnings — provided they’re less than $599.50 — in person at any retailer.

The lottery is also accepting mailed claims, though officials warn payments might be temporarily delayed. Winners are advised to make copies of the claim form and the winning ticket for their records.

The date for all claims set to expire after March 19 has been extended for an additional 30 days from the date of the office opening. For example, a winning ticket that was purchased on March 31, 2019 would normally expire a year later — on March 31, 2020. Due to the extension, the claim in this example will not expire until June 29, 2020. The expiration date of winning tickets might later be extended again.

Lottery ticket sales open for Trump visit to Mount Rushmore

South Dakota tourism officials say the number of ticket requests Friday for President Donald Trump's planned appearance at a Mount Rushmore fireworks show were nearly four times the amount available in the lottery.Get more news about <b>彩票包网</b>,you can vist loto98.com

Officials said they received nearly 5,700 applications requesting nearly 29,000 tickets by midday on Friday, the first day of ticket sales, the Rapid City Journal reported. Maximum capacity for the July 3 event is 7,500 people in ticketed areas.

The fireworks display at Mount Rushmore to celebrate Independence Day has not happened since 2009, when it was ended because of fire danger after a pine beetle infestation.It costs $1 to enter the lottery, which is a non-refundable fee and doesn’t guarantee tickets. Those who are selected to receive tickets won’t pay any additional cost.
What is the cost of the Mega Millions Lottery ticket?

The price of the Mega Millions ticket is $2.00 per play. You can also add the Megaplier to the Mega Millions lottery ticket by additionally paying $1. The Megaplier number is randomly selected just before the draw and it will range from X2, X3, X4, or X5. If a player wins a prize using the Megaplier their prize will be multiplied. The Megaplier number is chosen from a pool of 15 balls. Five of these balls are marked with X2, six with X3, three with X4, and just one of them has X5.

Faced with increased inflation, rising unemployment and slow economic growth, the lira is under increasing pressure. The Turkish central bank has withdrawn millions of dollars from foreign exchange reserves this year to buy lira and support the exchange rate of the lira against the dollar, significantly reducing the country's net forex reserves from US$ 40 billion at the beginning of the year to just about US$ 25 billion.To get more news about WikiFX, you can visit wikifx news official website.
　　Nevertheless, the lira has fallen by 17% this year. Before the coronavirus outbreak, the Turkish economy was already under pressure. Now, after struggling with nearly two years of currency depreciation, high debt and rapidly disappearing foreign exchange reserves, the country with a population of 82 million is in a particularly bad situation and remains vulnerable to the shock of the pandemic. The country's unemployment rate was close to 14% in January, before the economy was even affected by the coronavirus. In the near future, Turkey's massive tourism industry will also face destruction.
　　Due to the impact of the epidemic, global economic activities and trade have declined significantly. Forex reserves of emerging market countries are shrinking inevitably as they face tremendous pressure. Driven by risk aversion sentiments and similar demands, the global dollar shortage is further intensifying.
Recently, the WikiFX APP updated a new version with a new function - “Detailed Credit Report”. Get to know the original data of broker by one-click, and this credit report covers dozens of types of data of broker. Whos been swimming naked when the tide goes out？ Users will know it with the help of the function.
　　On the first page of the report, users can understand the risk level of their target broker. And the report comprehensively analyzes users target broker from many aspects, such as company profile, regulatory information, software identification, rights protection, trading environment rating and genealogy etc.. Users can easily get the overall information of broker by just one-click.
　　Through the WikiFX APP, general users will have 10 chances to read brokers in-depth credit report, with different reading requirements that they can read it online or send it by email.
　　Follow the steps below to get a broker's credit report:
　　1. Enter the target brokers page and find “Report”
　　2. Touch the “Email Address” or “Online View” in the upper right corner

　　3. Press “Get the report” to check it

Zerodha is an Indian retail equity broker that claims itself to be No.1 in India, but except for the broker‘s marketing efforts, it’s hard to say how much Zerodha deserves this title.
　　On April 29th, 2020, Zerodha was showered by complaints from investors, making everyone wondering about what happened.To get more news about WikiFX, you can visit wikifx news official website.
　　WikiFX team tried to log on Zerodhas mobile trading platform Kite, but it failed to respond for a long time, while the trading platform online had the same issue.
　　During the difficult process, the following error prompts kept popping out:
　　“Error while fetching chart data. Please refresh again.
Yet Zerodha still brags about how its platform has “made investing easier for clients”.
　　What‘s more, despite the heavy complaints, Zerodha kept on making social network posts as if nothing happened, neither did they respond to clients’ complaints by offering an explanation or apology, leaving a series of questions unanswered: Why didn‘t Zerodha apologize to the complainants？ Why wasn’t Zerodha investigated by SEBI, the regulator that supposedly oversees the broker？ And who should be held accountable for investors losses？
　　A victim complained that he and thousands of victims like him had lost most of their investments at Zerodha, and they no longer believe in Zerodha or its so-called SEBI regulation. The investor suffered heavy losses due to latency of Zerodhas trading platform.
Bombarded with complaints from victims, Zerodha has lost its credibility among investors. The frequent issues of latency, inaccurate quotes and order execution failure within just a month make this broker appear more like an illegal broker, rather than a compliant one.
　　Per checking WikiFX App, Zerodha has a poor rating of 1.24 and is currently unregulated. In the past 2 weeks, WikiFX received massive complaints against this broker, so investors should definitely watch out for it and always remember to check a brokers compliance and qualifications before investing.
　　Up till now, WikiFX App has recorded the profiles of nearly 18,000 brokers around the world, integrating forum, exposure, inquiry, news feed and other functions to better protect investors asset safety.

May 13th, from WikiFX news. US overnight core CPI in April experienced the sharpest month-on-month decline in history, falling 0.8% after seasonal adjustment to a record low since November, 2008, while core CPI shrank 0.4% annually.To get more news about WikiFX, you can visit wikifx news official website.
　　Facing the recession caused by the pandemic, US Federal Reserve lowered benchmark interest rate to nearly zero on March 15th, while multiple Fed policymakers noted that the Fed will take all necessary measures to alleviate economic impact of the massive lockdown measures.
　　Fund managers and economists observe theres little chance the Fed will reduce rate to the negative range, as under negative rate, financial institutions must pay the central bank interest rate on excess reserves - the capital reserves held by the bank or financial institution in excess of what is required by regulators.
　　In that way, the central bank can push cash-holding institutions into increasing corporate and consumer loans.
　　The European Central Bank (ECB) introduced negative interest rates earlier in June, 2014, reducing the deposit interest rate to -0.1% to revive economy. The Bank of Japan (BOJ) implemented negative interest rates in January, 2016, mainly to prevent the yen ‘s unpopular appreciation from damaging the country’s export-dependent economy.

Illegal Broker Blamed Pandemic and the Bank for Withdrawal Failure


While multiple brokers have seen a boom in transaction volume during the epidemic, some have experienced withdrawal issues and blamed it on the banks that remained closed due to lockdown measures. Is that what's really happening？ Take a look at this case below.To get more news about WikiFX, you can visit wikifx news official website.
　　Event recap
　　In August 2019, the complainant Mr. Jung opened an account and deposited on the trading platform of Forman Forex, a broker that prides itself on a long history in the trade and claims to hold ASIC license. In the first few tradings, Mr. Jung generally made good returns, so he gradually dispelled doubts about the platform. For the rest of 2019, Mr. Jung's trading operations and withdrawals on the platform had no problems, and everything seemed to go well.
　　However, the sudden coronavirus outbreak dealt an unexpected hard blow on Mr. Jung's transactions. Under the influence of the epidemic, Mr. Jung's transaction frequency decreased significantly, while the withdrawal applications submitted at this time failed to be approved in time as before. In several occasions Mr. Jung had to cancel the withdrawal application after waiting for many days in vain.
　　But when he applied to withdrawal again on March 19th, the application was soon shown as completed on the MT5 trading software. However, after waiting for a long time, Mr. Jung still didn't receive the withdrawn funds.
　　Mr. Jung immediately contacted the platform but was told that the above delay was because the bank hadn't resumed usual business during the epidemic lockdown. But as time goes by, Mr. Jung's withdrawal still failed to arrive even after the bank processing transactions of Forman Forex already resumed business on a large scale, while his recently-submitted withdrawal application had not been approved and remained in progress.
　　The broker claims to hold a valid regulatory license granted by ASIC, but according to investigation, both of the broker's licenses are invalid. The investment consulting license limits the licensee's business scope to financial consultation services and doesn't qualify the broker for providing services involving forex and other financial derivatives products. Meanwhile, the MM license(regulatory number 403863) the broker claims to hold actually belongs to another broker Synergy, not Forman Forex. In addition, according to WikiFX's on-site investigation, Forman Forex's office is not located at the claimed address.
　　Up to now, WikiFX App has included profiles of about 18,000 global forex brokers. If you have any question about a broker's qualification, you may check the broker's profile on the WikiFX App. WikiFX has also released the new feature of “Wiki Fair”, a forum where investors can discuss forex trend and expose illegal brokers.

Kobe Bryant and his daughter, Gianna, were among nine who died in the crash
　　A post-mortem examination of the helicopter crash that killed basketball star Kobe Bryant has ruled blunt force trauma as the cause of death for all nine victims.To get more news about WikiFX, you can visit wikifx news official website.
　　The 180-page report also found that the pilot, 50-year-old Ara Zobayan, tested negative for drugs and alcohol.
　　The cause of the 26 January crash, which occurred in California amid heavy fog, is still being investigated.
　　Bryant's 13-year-old daughter, Gianna, was with him on board the helicopter.
　　The passengers - which included two of Gianna's basketball teammates, their relatives and a coach - were on their way to a tournament in Thousand Oaks where Bryant had been set to coach.
　　A giant who had his controversies
　　Gianna Bryant: The basketball talent killed alongside father
　　Petition calls for Bryant to be on NBA logo
　　Alyssa Altobelli, John Altobelli, Keri Altobelli, Payton Chester, Christina Mauser all died alongside the Bryant's and pilot Ara Zobayan when the helicopter crashed into a hill just north of Los Angeles.
　　“On Jan. 28, the cause of death for all nine victims was ruled as blunt trauma,” the examination said. “The manner of death was certified as an accident”.
　　The results of the post-mortem examination were posted on the website of the Los Angeles County Medical Examiner-Coroner office on Friday.
Media captionSite where basketball legend Kobe Bryant was killed in a helicopter crash
　　Bryant, a five-time NBA champion, played for the LA Lakers throughout his career and is considered one of the greatest players in the game's history.
　　He retired in April 2016 after a 20-year career with the team.
　　Lawyers for his widow, Vanessa Bryant, have filed a lawsuit against the company that operated the helicopter.
　　It alleges that Zobayan - who died in the crash - did not assess weather data before taking off.
　　Separately, earlier this year, the sheriff of Los Angeles County said eight deputies had admitted possessing graphic photos of the crash site.
　　Alex Villanueva said he was “devastated and heartbroken” by their conduct. He said he had instructed the deputies to delete the images.