The Reserve Bank of New Zealand (RBNZ) will release its interest rate decision on September 23 at 10:00 (GMT+8). NZD/USD has weakened by about 150-pips with the overnight implied volatility recording 15.5%, the highest reading since the August RBNZ meeting.To get more news about WikiFX, you can visit wikifx official website.

The RBNZ will neither a make monetary policy statement nor hold a press conference and is expected to keep its benchmark interest rate unchanged at the record-low level with no more stimulus, despite the deep recession in the economy.

RBNZ officials previously never showed any dovishness. Currently, the market of interest rate futures does not price in a rate cut by the RBNZ until April next year. NZD's decline looks mainly driven by traders' risk aversion.

Technically speaking, NZD/USD closed below its 50-day moving average while the bearish MACD crossover also points to mounting downward pressure. The New Zealand dollar could face renewed selling pressure if the RBNZ doubles down on its jawboning efforts. Furthermore, NZD/USD could also hasten the decline if the upcoming release of global PMI data from IHS Markit disappoints markets and fuels risk aversion further.

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The US Dollar Index bounced up by around 1% after releasing the minute of Federal Reserve Board on 19 Aug, breaking the record high since this March. The minute shows that the board tends to adopt more dovish approach in monetary policy. Yet, Why did the US Dollar Index make such a big bounce-up, driving those non-US dollar or even precious metal down？To get more news about WikiFX, you can visit wikifx official website.

According to the minute of Federal Reserve Board, some of the committee members of FOMC agreed to adopt the further easing monetary policy to cope with the negative impact bought by COVID-19; however, traders were disappointed and started to have short covering of USD immediately, driving USD rise a lot.

I believe traders have already predicted and short USD ahead of releasing of minutes; and, they short cover the USD afterwards. It perfectly demonstrates the famous Wall Street‘s buying strategy – “Buy on rumor, sell on fact”. Meantime, the minute also reflects that the officers of the Board won’t set the upper limit or target return for US bonds to secure the position of USD. It drives those “extreme” dovish party disappointed and shows Federal Reserve Board has no further measures on easing monetary policy. Thats why some may interpret as the start of hawk signal instead of dove.

I agree the Federal Reserve Board intends to adopt more dovish approach to pave the way for adopting further easing monetary policy in future. Since the minute keeps on telling negative towards economy, it drove both DJ index and Nasdaq index drop simultaneously after hitting the record high. With the divergence works between USD and stock; USD index, therefore, increases drastically after releasing of minutes.

Many has talked about the huge short covering of USD, which showed the signal of bouncing up after touching the bottom. Whilst some said this is merely a technical adjustment and will have further drop afterwards. I do think the probability of both scenarios are equal; yet I realize USD dose not have much room for further drop, expecting a strong supporting level around 91.90. Two focusing events may affect the trend of USD - i/ the economic platforms of democratic party proposed by US president candidates Joe Biden and Kamala Devi Harris; ii/ the announcement of Jackson Hole in the Central Bank annual meeting and the market expectation - the new and innovative strategy of easing monetary policy by Powell, the chairman of Federal Reserve Board. If it turns negative and has no new ideas, USD index will be expected to boost up again.

Technically, USD has a strong resistance level at around 94, with 3 times strong selling signal recently, making USD index hard to have another breakthrough. It is estimated to be positive if USD index breaks the 94 level and takes this as the USD reference point.

France introduced new measures to fight the rapid resurgence of the coronavirus pandemic in major cities, adding to risks weighing on an already slowing economic recovery in Europe.To get more news about WikiFX, you can visit wikifx official website.

The first significant tightening of restrictions on French daily life since the end of the lockdown in May includes closing bars at 10 p.m. in Paris and several other large urban centers. The tougher restrictions follow similar moves in the U.K., while Austria banned apres-ski partying for the upcoming winter season, as Europe reemerges at a hot spot for the disease.

“If we don‘t take measures rapidly, we risk being in a critical situation in some regions in a few weeks,” Health Minister Olivier Veran said in Paris late Wednesday, insisting that the government isn’t considering another nationwide lockdown.

France is the latest European country to change tack in the face of mounting infection rates as they try to avoid the widespread restrictions that tipped the continent into a deep recession earlier this year. U.K. Prime Minister Boris Johnson this week abandoned his appeal for Britons to return to offices as he warned of “many more deaths” unless people obey a raft of new restrictions.
The British government is due to set out a fresh round of policies to support jobs on Thursday after abandoning plans for a fall budget. A government official said Wednesday that now is not the right time to outline long-term strategy, a sign the Treasury is preparing for months of economic disruption.

Read more: Lockdown Lite Is Europes New Strategy for Fighting Covid-19

Austria sought to save its ski season by imposing a ban on partying off the slopes after lax controls at the Ischgl resort this spring sparked lawsuits against Chancellor Sebastian Kurzs government. Restaurants and bars will only be allowed to serve seated customers under the new rules.

“Hundreds of thousands of jobs directly or indirectly depend on tourism,” Kurz said. “For all fans of winter sport, one thing is clear: there will be fun on the slopes, but without apres ski.”

Read more: Europes Economic Revival Put on Hold by Virus Resurgence

There are signs the prospect of harsher curbs has already hit confidence in France, which improved less than expected in September. While business leaders are more upbeat about recent activity, they are losing optimism about the outlook for their own companies and the entire services sector, national statistics agency Insee said.

“Today‘s measures are an extra shock to confidence as it reminds consumers that it isn’t over,” said Julien Manceaux, an economist at ING. While some sectors could be hit, “its not a general shock.”

Chinese consumers are finally starting to spend again after the pandemic-induced slump, but the recovery is unbalanced and overly reliant on luxury goods, with poorer Chinese still cautious.To get more news about WikiFX, you can visit wikifx official website.

Consumption has started to catch up to the much stronger rebound in industrial output, with retail sales growing in August for the first time this year. Spending on luxury goods, cars and electronics is leading the charge, rising faster than food, clothing and other essentials.
Source: National Bureau of Statistics, China Passenger Car Association, Gaming Inspection and Coordination Bureau of Macau SAR.

Note: All data shows % change from previous year*Feb. values show combined Jan.-Feb. data.
While the supply side of Chinas economy has shown resilience, a strong and broad rebound in spending is needed for a more meaningful economic recovery. Even though the virus is under control, income and job losses due to the pandemic have made poorer Chinese unwilling or unable to increase spending, keeping a lid on the rebound.

“Higher-income households have probably built up savings, because of the forced reduction in consumption during lockdown, and could now be ready for a spending spree. It is lower-income households that face a longer slog of normalizing their finances,” He Wei, an analyst at Gavekal Dragonomics, said in a recent report.

What Bloombergs Economists Say...

“Consumer confidence appears to be coming back even without a vaccine. This is reflected in strong pickups in sales of non-essentials, such as cosmetics and jewelry, in recent months. Improved sentiment and spending at home in lieu of overseas trips should help support private consumption.”
Luxury spending in China will grow 20%-30% this year, according to a report from Boston Consulting Group, but much of that growth is going to come from consumers in the 50 largest and richest cities. People in the other 2,206 cities bought only a quarter of all luxury goods in April-July this year, and their spending was down 4% compared with 2019, according to the report.

When you’re ready to take the plunge and start planning your custom designed closet, the logical next step is to consult people in the area and see what they have to offer. Many designers and contractors can design closets that will serve their purpose, but when you’re looking for a custom closet with a great deal of impact, a designer that utilizes 3D rendering can make all the difference. 3D rendering is one of the most exciting things that has happened to design in recent years. It gives architects the ability to show their ideas to clients before they start work. It allows you, the customer, to have a say in all the small details of your custom closet before construction begins.To get more news about design rendering services, you can visit https://www.3drenderingltd.com official website.

This increases your satisfaction, because it takes the guesswork out of the final product. We here at Econize closets love using 3D rendering because it allows us to get every last detail the way you, the person who’s going to be living with the design, want it. One of the most common reason there are miscommunications between contractors and customers is that it can be difficult to conceptualize design drawings. This is where 3D renderings are so helpful, because both the architect and the homeowner know exactly what they’re talking about, and they can see how it will fit into their home. The other great thing about 3D rendering is you can see how the changes to one part of a room impact the flow with the rest of your home. Any design firm committed to using cutting edge technology like Econize closets utilizes 3D rendering when they design closets or any other significant change to your home.

3D rendering is an integral part of the initial consultation process when you sit down with a pro from Econize closets to talk about your designer closet. We like using the 3D rendering process because it lets us show you many different concepts. As your feel of how you want the space to feel evolves, we adjust the 3D rendering accordingly. We can even adjust the design of your closet in real time as we identify different aspects of design that you want, different colors, finishes, and final touches. The best benefit of 3D rendering, in our minds, is that it takes the guesswork out of the final product for you, the customer. Having seen what its going to be like before we even start construction, you know that the design you want in a closet is going to be delivered.

Making any structural changes to your home is a decision best done with careful consideration. We design closets for a living, so we have great ideas about what’s going to work for you once we ascertain your needs, style, and budget. But no matter how well we know our stuff, its your home and you should be 100% satisfied with the concept before it even gets off the ground. That’s where we find the capacity of 3D rendering makes the most impact. By allowing us to sit down and walk through the process of showcasing different elements of closet design, from adjusting rack heights and shelves to adding skylights and islands, to rotating placement of shelves, we get to give you a variety of options to work with.

3D rendering gives customers the capability to look at their homes with the eyes of the architect and this truly experience the custom closet design process. When you use 3D rendering with a designer, you get to not only agree to options presented to you, you get to change the options and reconfigure them until your custom closet is a complete reflection of your personal style and an exact match for your home.

Our world is constantly changing and evolving. A visual effect is one of the most important parts of sales and other fields of design.To get more news about design rendering services, you can visit https://www.madpainter.net official website.

Whether is a production of packaging, procedure of designing a 3D model or creation of a prototype of specific products, none of metioned can be completed without using a 3D modeling.

There should be given some more thought on the importance of 3D modeling. Experts should consider the following aspects when defining the importance of 3D modeling:

Necessity of procedure of evalution of physical and technical specifics of production prior to designing of ultimate version of a model and prior to the production of the planned size, packaged in a particular way.
Necessity of visualization of design of a model
3D model is an important component of a competent, high quality presentation and technical documentation, and moreover, it is the fundamental structure for developing a model.

The main advantage of our team is that we provide 3D-modeling service in it’s full cycle, which includes all steps from the discussion with a client about the specifics and requests till the final stage when the final product is presented.

On Tuesday, the data of German sentiment for September was released, which shows the country is still pushing ahead with the economy. The economic sentiment of the Euro area also beats expectations in the month, injecting strength to the recent upside in EUR/USD.To get more news about WikiFX, you can visit wikifx official website.

The recent growth in EUR/USD has prompted the pair to bounce off the 50-DMA and open the Tuesday session above 20-DMA, strengthening bullish sentiment for the pair. In the short term, a few highs are blocking the way to 1.2000, with the first resistance lying in last week's 1.1920.

Given that the US interest rates may stay lower for longer while ignoring all growth however inflation overshoots the target, the greenback may edge lower, sending further upside to EUR/USD.

According to IG Client Sentiment, investors' net-long positions are 5.73% lower than yesterday while their net-short positions are 11.58% higher than yesterday. EUR/USD is expected to gain more considering the investors are net-short.

All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App:

Lately, some users of WikiFX inquired the authenticity and business conditions of the platform NAG Markets. In response to investors, WikiFX decided to visit the broker NAG Markets in Australia.To get more news about WikiFX, you can visit wikifx official website.

Broker introduction

NAG Markets is a CFD broker which plays a leading role in the international financial markets, providing clients with tradings across forex, precious metals, energy and global indices. The broker has established a competitive advantage in the industry by its low spreads and stable and fast trading services.
The investigator arrived at 275 Alfred Street, a large commercial office building, where NAG Markets was situated. After entering the building, a floor directory was found in the wide lobby, from which the investigator learned that NAG Markets was located on the 15th floor.

The investigator saw the logo of NAG from one of the office doors within a few steps out of the lift. Supposing this to be the office of NAG Markets, the investigator knocked on the glass door and was soon answered by a staffer.

The staffer warmly received the investigator upon learning that it was a visit from WikiFX. Walking into the office, the investigator noticed the broker's logo again at the reception desk. The eye-catching logo was blue and white with a unique shape of a square hole inside a circle. The staffer, who noticed the investigator's interest in the logo, smiled and gave an introduction to it: the square in the center represented the importance that NAG Markets attached to the country, as it always provided customers from many countries with excellent localization services, while the outer circle represented NAG Markets' worldwide coverage and professional leadership.
Subsequently, the investigator also visited the office area and other functional areas. Through close observation, the investigator found that the office enjoyed a clean and spacious interior, with many staff working hard.

Based on the field survey, the authenticity of the broker NAG Markets is verified by WikiFX. Its business address is in line with that on the regulatory information. NAG Markets has received a rating of 5.18 on the WikiFX APP and is currently under valid supervision with the Retail Forex License issued by the Vanuatu Financial Services Commission (VFSC).

Reflecting the tepid recovery in the overall economy after lifting of national lockdowns, the pace of deceleration in tax collections has slowed down with total tax mop-up touching Rs 2,53,532.3 crore so far this fiscal, which though is still down 22.5 percent from the year-ago period, according to an Income Tax Department source.To get more news about WikiFX, you can visit wikifx official website.

Economists described the numbers as in line with their expectations, saying the sequential improvement from the first quarter when the total tax mop-up had plunged 31 percent was expected given the fragile momentum seen in the overall economy.

During the period ending September 15, 2019, total tax collection had stood at Rs 3,27,320.2 crore, the income tax source from the Mumbai zone said, adding the numbers are provisional as banks are yet to update the final figures.

However, the source refused to share the advance tax numbers separately for the current quarter, which had nosedived in the first quarter. Similarly, the source also did not share total refunds this year, as well as the gross collections.

Architects and Designers are required to transform their imagination into reality, and the ability to visualize their ideas is a large part of this creative process. As the old Asian proverb goes, “Better to see something once than to hear about it a thousand times!” Getting a comprehensive visual of the project before it is built contributes a great deal to design success, and 3D Renderings are a valuable tool that can aid them in doing this.To get more news about design rendering services, you can visit https://www.madpainter.net official website.

Commercial Buildings are those that are designed for commercial purposes, such as banks, shopping centers, retail buildings, depots, restaurants and hotels, and so on. For such buildings, architects need to gain acceptance with a number of stakeholders, such as the builders, property owners, investors, bankers, and many others, and by using a 3D hyper-realistic rendering to showcase their ideas they can get them to clearly understand all nuances of the project including the spatial flow, functionality of spaces and the aesthetic aspects of the design.

The essence of the design can be communicated very effectively, which will significantly multiply the value of the design to customers. All discussions can be made from the point of correct understanding, reducing any miscommunication, and enabling project progress in a positive direction. Quicker decisions are possible, as everyone is on the same page, and there is more clarity on the design – even to a complete layperson!

What depicted in 3D Visualization?
A good visualization should convey color, texture, reflectivity, transparency, and light scattering, giving the viewer a very realistic feel of the design. The interior should showcase furniture, furnishings, and important details of the interior décor, accurately depicting colors, material, and textures. The rendering should be hyper-realistic and should convey the lighting, both indoor and outdoor, and sunlight and artificial light. Viewers should get the feel of what the building will look like at different times of the day and in various weather conditions. Especially when it comes to designing showrooms, restaurant interiors, conference halls, and so on, lighting plays an important role, and light modeling takes on considerable value.
Who creates the 3D Visualization?
There can be different people involved in creating the visualization at various stages of the design process.

During the design brief, conceptualization, and idea brainstorming period, first-stage visualizations are usually sketched out by the designers themselves. These could be just hand-drawn outlines or conceptual sketches that only show the rough form and basic concepts. Design tools can be used to construct three-dimensional objects and intermediate volumetric visualizations to add in the process of development. These can be rudimentary, just enough to help the designers and their team, and not necessarily to be shown to others.

Towards the end of the design process. When the Architectural Design is ready to be demonstrated to customers and other stakeholders in the project, there is a need for a final professional visualization with a high degree of detail. This will require the more detailed elaboration of objects surfaces, materials, lighting, and ambiance and will need the services of Professional 3D Rendering Teams. Such final visualization images are best created by expert artists who have sophisticated tools and software and can take the time and effort to do high-quality visualizations. The final professional images will be greatly in detail, visually expressive, and have high artistic value.