Gold prices slumped to $1,910.19 in yesterdays trading after an initial gain of $40, while U.S. Treasury yields jumped to 0.745% in the wake of the changes made by the FED to its framework for monetary policy.
The FED Chair Jerome Powell proposed a new strategy to shoot the 2% inflation objective with the duration of low rate and the level of inflation both in uncertainty.To get more news about WikiFX, you can visit wikifx official website.
Investors believe that gold purchases for inflation hedge will not be strong enough if the FED is devoid of a strategy other than keeping interest rates low because such policy changes are too little to change anything now.
According to the report of Wells Fargo Bank, the rally in the greenback reflects the anticipation of forex pricing on the FED's changes, thus more factors are required for another decline in the dollar.
TD Securities stated that gold markets may take a consolidation for several months, in which sharp correction may occur along the descent while the upside may be constrained. More drops are foreseeable unless there is a strong rebound in gold prices this week.

The Economist Intelligence Unit reported that:“The support for gold prices is expected to maintain strong on the back of central banks who have to give such favor in order to avoid a setback amid the long and slow economic recovery from the COVID-19 crisis, which has been reflected in Powells speech.”
Credit Suisse pointed out that, gold prices would head to the resistance level of $2,075/oz, followed by $2,175/oz, $2,300/oz and $2,417/oz successively, while such level in the long term would stand at $2,700/oz.
All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App:

Even though my sentiment for this pair is still bearish, as one looks at a text book perfect descending channel and where the upper trend line really being respected as strong support line having being tested four times.
Nevertheless, it seems currently as we near close of monthly trading session, either sellers may be giving up ground, facing some bearish trend exhaustion or purely taking out some of the profits if at all not taking out their positions.To get more news about WikiFX, you can visit wikifx official website.
Do note that last week trading session low of 1.31335 handle is acting up as support level and interesting enough, we can view a triple bottom formation at that particular price handle and inversely a triple top formation at 1.32330 price handle at both the 4 hour and the 2 hour charts. Meaning therefore that we may be basically in ranging phase between this price points as we can see these pattern agreeing as confluence on both timeframes.

If price breaks up from the 1.32330 price handle, then we may be looking for short term buys. And if, sellers are able to breach past down the 1.31335 price handle, then participants will be looking to short.
{About the Author}
Jasper Njuguna is a 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, he 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.

The GBP/USD pair maintained its strong bid tone through the early North American session and refreshed daily tops, around the 1.3145 region in the last hour.To get more news about WikiFX, you can visit wikifx official website.
The pair showed some resilience near mid-1.3000s and caught some fresh bids on Tuesday, snapping two consecutive days of the losing streak to over one-week lows. The strong intraday positive move was sponsored by the emergence of some fresh selling around the US dollar.
The prevalent risk-on mood, amid positive NEWS on a potential treatment for COVID-19 and US-China trade talks, undermined the greenback's relative safe-haven status against its British counterpart. This, in turn was seen as a key factor driving the GBP/USD pair higher.
The global risk sentiment remained well supported by reports that the Trump administration is considering fast-tracking the authorization of an experimental vaccine being developed by AstraZeneca and Oxford University for use in the US ahead of the elections.

Meanwhile, the US Trade Representatives Office said in a statement that both the US and China see progress made on resolving issues in phase one trade deal between the two countries. The development further boosted investors' appetite for riskier assets.
On the other hand, the GBP seemed rather unaffected by the lack of progress in Brexit talks. Bullish traders even shrugged off the data, which showed that the UK retail sector is struggling. In fact, the Confederation of British Industrys distributive trade survey fell into negative territory in August, to -6% from the +4% reading in July.
From a technical perspective, the GBP/USD pair now seems to have found acceptance above 100-hour SMA and now seems poised to gain further.
Some follow-through buying beyond mid-1.3100s will reaffirm the bullish bias and push the pair further towards reclaiming the 1.3200 mark.
However, bulls might refrain from placing aggressive bets ahead of the Fed Chair Jerome Powell's speech at the Jackson Hole Symposium, later this week. Hence, any subsequent positive move runs the risk of fizzling out rather quickly.
Market participants now look forward to the US economic docket, highlighting the release of the Conference Board's Consumer Confidence Index. The data, along with the broader market risk sentiment will influence the USD price dynamics and produce some short-term trading opportunities.

The US dollar index (DXY) rose sharply last week in the wake of a drop. According to a previous dovish talk by the Federal Reserve, it will maintain a low interest rate for a long time, for which the DXY fell to 91.746, a two-year low, last week. However, the varying degree of correction in US and global stock markets makes DXY recover from the bottom up with its hedging function. And the US economic data is indeed superior to that of other main industrial countries. For example, from the employment data released by the US last Friday, it is remarkable that the unemployment data of Europe kept increase, resulting in a strong contrast with the US.
In the near term, the US stock may continually affect DXY, that is to say, the divergence between the US stock and DXY will still be maintained. Therefore, if the US stock continues making corrections this week, USD may be supported against all non-USD currencies. It can be seen from the weekly chart that gold, silver, crude oil, etc, all have fallen in the wake of the recovery in USD. Among the non-USD currencies, only CAD survived with a strong trend. So the near-term trend of CAD seems not to be obvious.To get more news about WikiFX, you can visit wikifx official website.
The odds are that the constant correction in global stock markets will affect the AUD and NZD negatively. On the contrary, the safe haven currencies like USD and JYP may benefit from it. Therefore, investors should pay close attention to

CAD and JPY rather than AUD, NZD and EUR this week. In terms of cross trade, investors should look out for if AUD keeps dropping against JPY.
The reason why EUR is negative this week is that the latest economic data indicates a slowing economy in Europe, compared with US economy of high resilience. In addition, European Central Bank official Philip Lane stated that a strong EUR is expected. And the ECB will hold the interest rate decision on Thursday. So it worries traders that the ECB will adopt a dovish measure and even increase the amount of QE following the steps of the Fed, which explains again its dissatisfaction with the status of EUR, putting further pressure on EUR and benefiting DXY directly.

Interesting to see the green buck has lost ground against the Mexican peso after a really strong bull rally and price has reached and being held at the trading month of June low level price handle of 21.49428.To get more news about WikiFX, you can visit wikifx official website.
Currently, the market sentiment may suggest that there is a strong bearish or selling pressure with a much defined descending channel makings lower high and lower lows which can be viewed really by the market participant on the 4 hour chart. In addition, sellers may be dictating their intention when they broke past the 200 MA and retested it as a resistance confluence band.
Now, is this a pair a good swing selling opportunity for swing and position traders？ Very highly likely as the sellers made a dash past the trading month of June low level with a strong red momentum candle during the close of yesterday trading session.
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

As bits of Robber’s Cave history fade to folklore, the thousands of engravings that crowd its Dakota sandstone walls like graffiti are likewise disintegrating, imperceptibly but inevitably, into miniature dunes at the base of the walls.To get more news about design rendering services, you can visit https://www.madpainter.net official website.

These walls can talk — echoing more than a century of visits from those who have carved names and symbols and faces with finger or stick or knife — but some of the distant voices are nearing whispers.

A first-of-its-kind project funded by History Nebraska and coordinated by the University of Nebraska–Lincoln’s Richard Wood is preserving those voices by digitally mapping every millimeter of the cave’s 5,000-plus square feet, engravings and all.Wood and several Nebraska students have produced a 3D rendering of Robber’s Cave using light detection and ranging, or lidar, which fires near-infrared laser beams at a surface, measures the time they need to reflect and return from that surface, then calculates the distance to a given point.

By repeating the process at 92 locations throughout the cave to generate a 3D cloud of points — 3.1 billion of them — Wood’s team has managed to capture each contour of the cave’s uneven terrain, branching tunnels and multi-level architecture.This is the largest data collection my research group has ever done,” said the assistant professor of civil and environmental engineering, whose team used two portable scanners to map the cave over roughly 30 hours in September.

Some aspects and areas proved especially tricky, Wood said. Getting representative averages of the tunnels’ widths entailed digitally chopping them into more-cylindrical sections that could be measured more objectively. Mapping two vertical shafts, one of which acts as a de facto well, required a specialized tripod that lessened the otherwise-extreme angles at which the scanner fired its beams. Scanning a chamber that houses bats meant contending with protective screens and the dim red lights designed to accommodate its nocturnal residents.

“It actually was a fun challenge,” said Wood, who got plenty of help from doctoral student Yijun Liao, undergraduate student Dylan Downes and postdoctoral researcher M. Ebrahim Mohammadi.The resulting 3D rendering will help History Nebraska make the case for adding Robber’s Cave to the National Register of Historic Places, said David Calease, who helps coordinate such efforts for the state agency. To Calease’s knowledge, the Robber’s Cave application ranks as the first to include a detailed digital rendering among its nomination materials.

“In most nominations, it’s, ‘We’re going to photograph this, that and the other,’” Calease said. “But with a place like this, it’s very difficult. You can take a picture, but it’s really hard to get that feel and understanding from it. This is such a unique place that we needed to do something different to really capture it.”

This elaborate research report through its in-depth market analysis practices is aiming at offering report readers with accurate, market specific synopsis of the global Visualization and 3D Rendering Software market, evaluating it across dynamics and touchpoint analysis.To get more news about design rendering services, you can visit https://www.3drenderingltd.com official website.

This systematically compiled Visualization and 3D Rendering Software market report also serves as a requisite guide various classifications, industry chain review, dynamic applications, besides harping largely on overall competitive scenario.
Systematic research endeavors by QY Research are thoroughly backed by primary and secondary research practices to arrive at logical conclusions pertaining to COVID-19 implications, spread and overall impact on the ongoing growth patterns of Visualization and 3D Rendering Software market. This section of the report is designed to encourage profitable business outcome, to offset the business crunch imposed by the outrageous and unprecedented international pandemic.

Scope: Global Visualization and 3D Rendering Software Market

In-depth research efforts put in by QY Research hints at a steady and sturdy recovery of the Visualization and 3D Rendering Software market from the far flung implications of the global pandemic. Visualization and 3D Rendering Software market is estimated to make a rigorous comeback nailing a handsome growth trail with an optimistic CAGR percentage throughout the forecast span.

Research based analysis also provides a more vivid picture of the global Visualization and 3D Rendering Software market, segregating it into various segments such as type and application that thoroughly induce a balanced growth trail.This section of the report also features relevant information based on segment wise segregation of the Visualization and 3D Rendering Software market.

Analysis by Type: This section of the report by QY Research includes details on various product types and portfolios

Analysis by Application: Readers are presented with crucial understanding on usability and applicability of products and services in Visualization and 3D Rendering Software market

Analysis by End-User: This section of this QY Research report incorporates details on end-user segment expansion

Analysis by Region: The report includes performance-based analysis across regions, besides also roping in significant details on country-specific performance, as compiled by QY Research.

Japan's Liberal Democratic Party (LDP) will elect a new leader to succeed the resigned Shinzo Abe as the next Prime Minister on September 14. This election, therefore, will be determined by the LDP factions rather than the country's public opinion. While Chief Cabinet Secretary Yoshihide Suga has taken a lead in the LDP's leadership race, he stressed to carry “Abenomics” forward with no novelty in his political platform.To get more news about WikiFX, you can visit wikifx official website.

In fact, the mess in the country's economy cannot be cleared up whatever Suga's politics are. Not only is Japan's economy the worst among the major industrial nations, but the government's debt-to-GDP ratio is the world's largest, which is even more than Greece and Italy that are known to be in debt crisis.

Consequently, I hold a gloomy view that the Japanese equities may be too high to keep the upside as Suga is not capable to guide the country out of its slump. The Nikkei 225 index has regained 7,142 points (43.60%) to 23,500 from a March low of 16,358 and is approaching to the triple top that was formed earlier, with the largest resistance lying in the 24,448.5 of September 2018, which is also the high level of October 1991. This index is expected to retreat after seeing little chance of breaking through the triple top.

A decline in Japanese stocks will trigger the unwinding of carry trade in the currency, driving a rise in risk aversion and strengthening the yen. At this stage, the weak U.S. dollar leaves limited space for the yen to drop sharply, with the biggest upper resistance against the yen between 107.04 and 108.16. On the contrary, if the Nikkei does fail to hit the top and fall steeply in the future, USD/JPY will have a chance to challenge the 104.19 low of July 31, where a breach below will see the yen showing its power. In addition to the election of the LDP's leader, investors should also pay attention to the central bank's interest rate meeting on September 17, noticing whether the monetary policy will change after the new Prime Minister takes office.

After a meeting with brokers, depositories and clearing corporations on Monday, the capital market regulator Securities and Exchange Board of India (SEBI) decided to go ahead with its new margin pledge rules from September 1, 2020.To get more news about WikiFX, you can visit wikifx official website.

1) Buying and selling of shares will Require Upfront margin from now onwards .

Eg:

If you want to buy Reliance shares worth 1 lakh you must have 20k rs in your account as cash and rest money to be paid within 2 days...

If you want to sell 1lakh worth of Reliance shares from your holdings for that scenario also you must have min 20k rs in your account, Failing which penalties will be levied.

Selling from holding will also require Upfront margin in cash (Var+ELM)

You can keep extra cash / or can pledge other holdings for the stipulated margin required.

2) Shares bought today cannot be sold Tomorrow.

For example: You bought Reliance On monday..You can only sell those shares after recieving the delivery of shares. T+2 you can sell in Wednesday

You can only sell the shares after you receive in Your DP/only after receiving the delivery of shares.

3) Shares Sold Today from delivery...the funds cannot be used for new trades today.. You can use the funds for new trades when you get pay out

You sold 10,000 worth of Reliance's shares today. You cannot use this money to buy fresh shares of other companies. This 10000 you can use the money when you get payout.

The European Central Bank risks legal trouble if it tries to extend the “emergency powers” of its pandemic bond-buying plan to its other asset-purchase program, according to Executive Board member Yves Mersch.To get more news about WikiFX, you can visit wikifx official website.

The 1.35 trillion-euro ($1.6 trillion) measure “has been created first and foremost to be a backstop,” Mersch, the ECB‘s longest-serving policy maker, said in an interview at the institution’s Frankfurt headquarters on Monday.

“We have always said it is linked to the assessment of the Governing Council on how long this pandemic is affecting us,” he said. “So we cannot say the pandemic is over but we continue with the pandemic program, or we transfer the pandemic program features into the asset-purchase program. To my humble understanding of what the law means, this would be very curious.”

The comments offer a glimpse into potentially contentious arguments ahead. Mersch, a lawyer by training, is responsible for the ECB‘s legal services. He has also been at the center of decisions since the single currency’s birth, as head of Luxembourg‘s central bank from 1998 and then on the ECB’s six-member board from 2012. Hell step down in December.

Policy makers already had a legal scare this year when Germanys top court criticized the way they deployed their 2015 asset-purchase program, which is still running.

The pandemic tool, launched in March, is even more powerful. It can skew asset purchases toward stressed economies such as Italy because it is exempt from limits that aim to prevent monetary financing -- the funding of governments by the central bank -- which would be illegal.

Read More: Race to Join Lagardes Team at Top of ECB Officially Kicks Off

The Financial Times reported this week that a review of the emergency measure has started, and that some Governing Council members want to consider extending such flexibility to the older program.

Mersch, 70, said he was “not aware of such a development” and it could be problematic.

“Its always easier to govern if you have emergency powers and you prolong the emergency powers forever,” he added. “We have disenfranchised ourselves from a certain number of self-imposed constraints in view of the pandemic and in view of its exceptional nature and threat -- and that means it must be temporary.