xysoom's Blog

Continued speculation that the pandemic is nearing the peak has continued to fuel optimism into US financial market.Thanks to prospects that United States will soon lift lockdown measures and produce drugs to effectively control the coronavirus pandemic, Nasdaq was up by 6% throughout the week, registering the largest double-week gain since 2001. On the other hand, extreme pessimism continues to loom the forex and oil markets, while a crisis similar to the Asian financial turmoil of 1997-98 is quietly brewing and threatens to hit emerging market currencies.To get more news about WikiFX, you can visit WikiFX news official website.
　　While Trump said last week that the United States would lift restrictions in phases, Japan expanded state of emergency to the whole country, and the United Kingdom also announced an extension of the blockade measures for three weeks, reflecting that the global pandemic has yet to be controlled. There is also news that Remdesivir, the drug produced and tested by pharmaceutical company Gilead, has a positive effect in treating coronavirus patients, boosting the company's stock price by 10%.
　　The Dow component Boeings share also soared 15% after the company announced plans to restart aircraft production in Washington State. But the foreign exchange market and the oil market have been sluggish amid the good news, with some emerging market countries seeing devastating crash of oil price and their national currencies.
　　Emerging market currencies in sell-off and ZAR has fallen 26% this year.
　　Some emerging market currencies have continued to record new lows, such as the Indian rupee, the Argentine peso, the Mexican peso, the Brazilian real and the South African rand, while the Turkish lira is approaching historical lows. The South African rand has fallen by 26% year to date, seeing the largest decline among all currencies. The Brazilian real has fallen by 23%, the Mexican peso has fallen by 21%, and the Russian ruble has fallen by 16.5%. The above data reflects that the currencies of emerging market countries and oil-producing countries are in a sell-off wave, facing the crisis of sharp depreciation.
　　When Soros targeted the Thai central bank and attacked the Thai baht in early 1997, Hong Kong people, indulged in the enthusiasm of the reunification with Mainland, continued to speculate in stock and property markets and ignored signs of the fierce currency battle between Soros and Thailand. Later the baht‘s crash triggered an unprecedented tsunami in Asian financial market. So the sell-off in currencies of emerging markets and oil-producing countries may be a signal that a financial storm is looming large in these emerging markets. This explains why the US dollar index remains strong despite US stocks’ rally last week.
　　Therefore, if the emerging markets are unfortunately hit by the financial crisis domino effect in the future, there will be another round of dollar shortage and liquidity shortage, which will boost the exchange rate of the US dollar and keep non-US currencies under pressure.
　　A financial crisis is brewing in emerging markets and non-dollar currencies remains under pressure
　　In addition to the forex market, the oil market has also suffered a heavy blow as the worst among most affected sectors. From the beginning of the year to last Friday, closing price of WTI futures at New York Mercantile Exchange have plummeted by 70.19%, which is definitely a disaster. A barrel of oil is approximately 159 liters. Taking WTI crude‘s lowest price of US$17.31/barrel last Friday, that’s 0.84 Hong Kong dollars per liter of oil, suggesting that the price of oil fell to a much cheaper level than water.
　　Therefore, at this stage, there are extremely extreme contradictions in the financial market. The US stock market rebounded amid optimism that the global pandemic has peaked, but at the same time, WTI crude has suffered pressures from the economic fallout and possibility of a recession. Some foreign banks observe that WTI will bottom out at around US$10, I personally think that there is very little room for oil price to plunge further.
While opinions still vary as to whether oil prices have hit the bottom, one thing sure is that whether oil prices bottom out now or continue to drop to the forecast US$10 level, prices wont return to US$30 in the short term even after bottoming out, which will definitely be a big problem for oil companies. Most oil companies, probably except for those in Russia and the Middle East, will be losing money if the prices remain below US$30. Oil companies in North and South America, Europe and Asia may fall into financial difficulties and then face the crisis of bankruptcy. I estimate that in the future, the collapse of oil companies will repeat the collapse of investment banks in the 2008 financial crisis, and eventually off a financial tsunami.
　　I also cited the above example during one of the shows-the subprime mortgage crisis broke out in the first quarter of 2007, butLehman Brothers didnt go bankrupt immediately in the second quarter of 2007, they collapsed in September of the following year. So I believe that the Great Depression 2.0 derived from the coronavirus pandemic will eventually trigger emerging market crisis, sovereign debt crisis and the collapse of large companies in different sectors, especially energy companies, starting from the second half of 2020. For bottom buyers counting on a rally of oil prices, Unlevered ETF will be a good choice.

Deutsche Bank reported a first quarter net profit of €66 million ($71.62 million) on Wednesday, significantly below the €201 million ($219 million) net profit it recorded in the first quarter of 2019. The bank has put aside €260 million ($282 million) to cope with potential loan losses that may result from the coronavirus pandemic.The bank's earnings results follow a pre-release on Sunday where it confirmed its net income figures, and that it beat analysts' estimates. Visit Business Insider's homepage for more stories.To get more news about aliforex, you can visit WikiFX news official website.
　　Deutsche Bank has put aside €260 million ($282 million) to cover any potential loan losses from the coronavirus pandemic as the bank posted 67% lower net profit than last year in its quarterly earnings on Wednesday. Despite the sharp drop in profits, the German bank beat Wall Street Analysts' expectations. Deutsche Bank reported a net profit of €66 million ($71.62 million) on Wednesday, significantly below the €201m ($219 million) net profit it recorded in the first quarter of last year. As well as a 67% fall in net profits, the German lender also recorded a loss of $43 million attributable to shareholders.
　　Here are some key metrics versus Bloomberg estimates:Net income: €66 million versus €2.68 million ($2.82 million) expected.Revenue: €6.4 billion versus €5.68 billion ($6.16 billion) expected.Christian Sewing, chief executive of Deutsche Bank said: “In the current crisis, we have shown robust numbers and demonstrated strong performance in support of our clients across all core businesses.Sewing added: ”Conservative balance sheet management enables us to navigate the current environment from a position of strength as the leading bank in Europe's strongest economy.Provision for credit losses were €506 million, and the German bank earmarked €260 million ($282 million) to deal with potential loan losses that may result from the coronavirus pandemic.
　　Provision for credit losses taken in the quarter increased allowance for loan losses to €4.3 billion. Read more: Brad Cornell has been teaching finance at UCLA for almost 40 years. He shares the precise way he calculates the true value of the S&P 500 — and says investors need to 'be careful out there.'The bank's earnings follows a a surprise pre-release statement on Sunday, where the German bank announced its expectation that net profits would be €66 million ($72 million). Deutsche Bank has had a challenging few years months including a restructuring and steep losses. It announced last year it would be cutting 18,000 jobs last year as part of a “radical transformation” aimed at restoring consistent profitability and improving returns to its shareholders.
　　Sewings' $8.3 billion restructuring plan transformation involves cutting down the investment banking business and aims to cut total costs by a quarter by 2022. Shares in Deutsche Bank rose 2% as of 3:50 a.m ET at $6.85. Deutsche Bank's results came a day after Swiss banking giant UBS reported a strong first-quarter with net profits rising 40% compared to the same period last year, driven by high transaction volumes in the midst of market volatility.

The Cboe Volatility Index — or VIX, also known as the market's fear gauge — has retreated from a record high in recent weeks as stocks have recovered from their recent lows. Bank of America derivatives strategists found that this commonly cited index does not paint the full picture of what to expect in the months ahead. They believe stocks are likely to retest the lows, and recommend a hedge that bets on lower equities and a higher gold price.Click here for more BI Prime stories.To get more news about WikiFX, you can visit WikiFX news official website.
　　The fastest bear market in history still has more drama up its sleeve, according to derivatives strategists at Bank of America. A counterpoint can be found in the CBOE Volatility Index, or VIX, which reflects traders' future expectations for stock fluctuations. It is widely known as the market's fear gauge and tends to move in the opposite direction to the S&P 500. When the benchmark index experienced its fastest drop in record mid-March, the VIX mirrored it with a spike above 82, its highest level since November 2008. It has since rolled back to near 34, and the decline from the March 16 peak through April 27 was one of the fastest in history, according to data compiled by Bank of America.But this decline is masking other indicators that suggest the coronavirus crisis will trigger more volatility, the bank's strategists including Gonzalo Asis said in a recent note. They found that longer-dated volatility futures, including contracts that expire in six months, were rallying even as the popular spot-dated VIX was declining.
A closer look into the historical relationship between the spot VIX and six-month futures adds more heft to their conclusion. There have been 105 days since 1990 when the VIX closed above 30 six months after it first crossed that level. However, only three of those days were outside of bear markets, indicating that an elevated VIX — like the one we have now — is historically more prevalent during bear markets. “Assuming VIX futures markets are pricing in this fact, the 6th VIX future trading above 30 suggests the expectation is that the bear market is likely not over,” Asis said.
　　He added, “our view remains that US equities are in a bear market rally and that they are likely to retest the lows before a full recovery, a view supported by strong historical evidence.”Hedge a sell-off with goldIt is prudent for investors to hedge the downside risk in stocks, Asis said. His recommendation to add portfolio protection by executing trades that wager on a rise in the price of gold, via the SPDR Gold Trust exchange-traded fund. “To cheapen equity hedges, we like trades that are both short equities and long gold, such as SPX puts contingent on gold higher and SPX down/gold up dual digitals,” he said. Investors who had counted on gold as a hedge during the recent plunge in stocks may be surprised at this recommendation since the precious metal also fell 13%.
　　Asis explained that gold sold off with stocks in an environment of “peak panic” — and it was not the first time. During the initial meltdowns of 1987, 2002, and 2008, gold also failed as a hedge in the early rush to sell. But during subsequent declines that were driven less by panic, gold was bid up as a safe-haven asset. “Our commodity strategists expect substantially more upside over the near- and medium-term as 'the Fed can't print gold', raising last week their 2020YE average price to $1,800/oz. and their 18-month gold target from $2,000 to $3,000/oz,” Asis added.With that in mind, his two trade recommendations are listed below verbatim:1. (Hybrid): Buy SPX Sep 2500 put (87%) contingent on GLD /> 180 (111%) for 0.75% (80% disc., ref. 2878.48, 161.56)
　　Best for a more bearish equity view. The 2500 SPX strike is 11% above Mar lows. The 180 GLD strike corresponds to ~$1,900/oz., near all-time highs & in line with our commodity strategists' $1,800 $/oz. avg. price by year end2. (Dual digital): Buy Sep SPX 105% for a 10-to-1 payout (ref. 2878.48, 161.56)Best for a moderately bearish equity view. Roughly corresponds to SPX 2675 and gold at $1,800/oz.

Gold price has been falling for the third straight day, as global governments‘ measures of reopening economy and the stock market’s rally reduced part of the markets risk-aversion demands.To get more news about WikiFX, you can visit WikiFX news official website.
　　Investors are closely following the stimulus measures governments and central banks will implement to revive economy.
　　In addition, statistics also show that China and India‘s gold imports have declined starkly, as lockdown measures and spiking gold prices dampen consumers’ demand of the precious metal. According to data from General Administration of Customs People‘s Republic of China (GACC), China’s Gold imports dropped over 80% in March and over 60% in the first quarter this year.
　　China imported only 17.5 tonnes of gold in March, the lowest level recorded by GACC since January, 2018. Similarly, Indias gold imports are also near historical low.

Gold price has been falling for the third straight day, as global governments‘ measures of reopening economy and the stock market’s rally reduced part of the markets risk-aversion demands.
　　Investors are closely following the stimulus measures governments and central banks will implement to revive economy.
　　In addition, statistics also show that China and India‘s gold imports have declined starkly, as lockdown measures and spiking gold prices dampen consumers’ demand of the precious metal. According to data from General Administration of Customs People‘s Republic of China (GACC), China’s Gold imports dropped over 80% in March and over 60% in the first quarter this year.
　　China imported only 17.5 tonnes of gold in March, the lowest level recorded by GACC since January, 2018. Similarly, Indias gold imports are also near historical low.

1. Easy to deposit, but hard to withdraw
　　“Ive been trading on the forex platform EXNESS for a while. They support deposits and withdrawals through credit cards and it usually takes no time to withdraw like US$100-200. But recently withdrawing has become extremely slow with many irregularities.” The investor recalled that he had made altogether US$2,180 deposit through 6 credit card transactions on August 15th. Then, he applied to withdraw on October 14th, but EXNESS website showed his application was “in progress”; his further attempts to withdraw also failed.To get more news about WikiFX, you can visit WikiFX news official website.
2. Email confirmed withdrawal without investor receiving the money
　　“The customer service asked me to be patient and said they‘ll keep me posted, but I was still concerned.” Investor said that after pushing the broker through countless calls and emails, the customer service finally brought some “good news” on October 20th. “The agent said the money withdrawn had been sent to my account, and it’s only for some technical issues that the website didn‘t show my withdrawal had been successful. So I checked my account and it turned out the money didn’t reach my account. EXNESS then advised me to check with the bank to see if it was a problem from their side.”
3. The bank insist it wasnt their problem
　　I immediately contacted the bank, but they told me there‘s no information about any refund to my account, yet EXNESS insisted that they’ve sent the money and all I have to do is to wait. By now I don‘t trust the broker anymore and I’m worried that I can no longer withdraw my balance.
　　As a victim of EXNESS, the investor hopes that others can learn from his experience and avoid the same mistake. WikiFX reminds investors to think twice when choosing a broker and carefully look up its profile such as compliance and regulation before your decision. Should you run into any forex scam, please contact WikiFX at wikifx@wikifx.com.

Lyft is a highly interactive platform that allows you to connect with experienced drivers in your area. All you need to do to get a ride is download the app, create an account, and say where you want to go.Try to find ways to save much money? discountscat is the best place for you to get coupons, vouchers and deals to help you save much money on your purchase. To get more news about Seamless Promo Code, you can visit discountscat official website.

One you’ve ordered a ride, Lyft sends you information regarding your driver (name, vehicle color, and current location) so you can make sure you know who is picking you up.Want to get your first Lyft ride free? Download one of the Lyft Promo codes for new customers 2019 to take advantage of this deal.

With this promo code, you get a first free ride. Here is how to score a free ride and get huge discounts. Enter the Lyft Coupon code (i.e. DAVID171147) into your Lyft app located below the promo tab. This table is usually located on the menu’s left side. After signing up, you’ll be prompted to enter your promo code.Current T-Mobile clients can earn lucrative Lyft discounts as well as prices through the firm’s Tuesday program. Check the app every week for more details.Want to get the highest quality products with the lowest prices while shopping?vist www.discountscat.com

Nothing makes me happier than knowing I’ve saved money on clothes. Yes, I know that we may not be going out for dinners or date nights any time soon, but that doesn’t mean we can’t dress up for Zoom meetings or treat ourselves to something nice every once in a while — because #selflove is important. Try to find ways to save much money? discountscat is the best place for you to get coupons, vouchers and deals to help you save much money on your purchase. To get more news about discounts cat, you can visit discountscat official website.

So, if you love to shop for clothes online and can’t resist a good bargain like me, here’s all you need to know about shopping on Zalora along with an entire list of current promo codes that you can use on your next purchase.

Bookmark this page if you shop for clothes online or on Zalora often because we will be updating this article as soon as new promo codes become available.
What is Zalora?

Zalora is an online store that sells apparels, shoes, and grooming supplies for men, women and children. They carry international brands like ALDO, Nike, Converse and Tommy Hilfiger, and even high-fashion ones like Miu Miu, Gucci and Prada on their site.

Earlier in April, Zalora expanded their product range and ventured into grocery and household items with the launch of ZMart. You can now shop for items like rice, biscuits, bottled drinks, face masks, health supplements, pet supplies and more, while browsing and shopping for clothes. Super convenient, right?

What are the delivery options available?

There are 3 delivery options available, Regular, Express and Zalora Now. If you do not need your order urgently, Regular would be the way to go. It is the cheapest option priced at $4.90, but be ready to wait as delivery times can take up anywhere between 5 to 14 working days. For orders above $50, Zalora will absorb this delivery charge.

Express gets your order delivered within 2 working days if you place it before 5pm, and costs $8.90.

For frequent shoppers, subscribing to Zalora Now is a good option. For a flat rate of $14.90, you get free Express delivery (no minimum spend required) and priority access to sales for an entire year. This would definitely be something for shopaholics, last-minute gifters and bargain hunters to consider.
Before you add to cart on Zalora, consider picking the right credit card so that your purchase helps you earn points, cashback and even air miles that can be used for your next beach holiday (once the Circuit Breaker measures are lifted). Unsure which card makes your money work the hardest? Use our simple comparison tool to find out!Want to get the highest quality products with the lowest prices while shopping?Read More

A Cathay Dragon pilot who used a mystery shopper promo code to scam Air Canada out of thousands of dollars worth of discount first class flights has been ordered to repay the airline more than $36,000.Try to find ways to save much money? discountscat is the best place for you to get coupons, vouchers and deals to help you save much money on your purchase. To get more news about American Girl Coupon, you can visit discountscat official website.

Richmond Provincial Court Judge Patrick Chen also gave Marc Anthony Tacchi a conditional discharge after the commercial airline pilot pleaded guilty to fraudulently obtaining transportation.Chen noted the unusual situation is without precedent. One of the cases the Crown gave for comparison involved a stolen car and a police chase — a far cry from Tacchi's offence, which saw the 42-year-old use a fake name, fake address and unauthorized promo code to obtain bargain basement travel for friends and family.

To cap things off, RCMP circulated an online "wanted poster" for the Canadian citizen, who is a permanent resident of Hong Kong. It can still be found online. Chen said that was punishment enough."In my view, to the extent that denunciation and general deterrence is necessary to be addressed in this sentencing, that need has been satisfied by the damage the accused has already suffered to his reputation," Chen wrote.

"These postings [RCMP wanted poster] will endure and remain on the internet for the foreseeable future for the world to see and may well have a more general deterrent effect than a conditional sentence order."According to the ruling, Tacchi obtained the promo code from an Ontario-based man hired by Sensors Quality Management (SQM), the company which operated the mystery shopper program for Air Canada.

The quality control scheme is supposed to work using anonymous shoppers who agree to provide detailed evaluations of goods and services in exchange for discounts.

The mystery shoppers themselves were not supposed to be given the promo code. Instead, they paid full-fare for their travel through SQM, which in turn used the code provided by Air Canada to book the flights at a discount. Once travellers turned in their evaluations, SQM gave them a refund of 50 per cent.

According to SQM President David Lipton, the man who leaked the code was a mystery shopper who was not supposed to have access to privileged information.

But he managed to crack the key, slipping the magic number to Tacchi — who was never a mystery shopper; he then used it to book four trips for himself and his family at a total value of $22,739.

He also helped friends fraudulently obtain another $13,000 worth of flights, not to mention the $554 worth of frequent flyer points he earned in the process.

According to the ruling, the independent contractor who leaked the code received a nine-month conditional sentence in an Ontario court for his frauds, the total value of which was more than $90,000.

But Chen said because of his position, the man's offences also involved a breach of trust.Tacchi has no criminal history and took counselling aimed at gaining insight into his behaviour. He has provided full restitution to Air Canada.

His lawyers argued a conviction and sentence could jeopardize his career as a commercial airline pilot. Chen disagreed but found that a conditional discharge was in the public interest.

"We were certainly victims. We had to spend time, effort and money. And we're a small business," he said. "We take it very personally and we work with a high degree of integrity and we're well respected in the industry."Want to get the highest quality products with the lowest prices while shopping?Click to Buy

Remember the 2008 Pixar film Wall-E? The premise of the animation is a future world where human beings became lazy and gross due to an over-dependence on robots and automation.Try to find ways to save much money? discountscat is the best place for you to get coupons, vouchers and deals to help you save much money on your purchase. To get more news about Candy Club Coupon, you can visit discountscat official website.

With services like Foodpanda, Deliveroo, and GrabFood becoming practically unavoidable, Singaporeans are fast closing in on such a state.Food delivery promo codes in Singapore (April 2020) — updated for circuit breaker!

If you’re going to use these food delivery apps, at least take the opportunity to save a few bucks with a promo code. Be sure to share this article with your fellow lazy friends and coworkers!Here are the current promo codes for Deliveroo Singapore, as of April 2020. There used to be way more, but Deliveroo has apparently gotten enough traction to cut down on the promo codes and yet still get orders.Currently, only HSBC and UOB have promo codes for new and existing users, and you can only get maximum $6 off your order (minimum spend applies).

Deliveroo has a bit of a reputation as an atas food delivery service, but I think they’re not that bad. If you don’t want to spend too much, you can use the filters to suss out hawker fare, fast food, bubble tea, and the more affordable restaurants.

Also, if you order food delivery often enough, you can consider signing up for Deliveroo Plus at $14.90/month. It gives you unlimited free deliveries, which could come in handy, especially during this circuit breaker period.Delivery fees are usually between $3 to $5. That means you only meed to 3 to 5 orders to make it worthwhile.

Do note, however, that you may need to consolidate a few orders to hit the Deliveroo minimum order of $12, or else you’ll be charged the difference as a “small order fee”.The only thing about the Foodpanda promo codes is that they all have a pretty high minimum spending requirement of $25 or above (for existing users), so it’s more worthwhile to order in a group.
If you’re not a particularly loyal customer, it’s definitely worth it to do a bit of price comparison for the more popular restaurants that are on two or more delivery platforms.

If you want to save on your meal, Foodpanda also has a free delivery filter. Note that free delivery is usually only available if you hit a minimum order e.g. $12 or $15.

Alternatively, Foodpanda supposedly released their Panda Pro subscription plans last month. However, although it’s available on their site, when I tried to sign up, it said it was not available yet.

I’m not sure if it’s because the launch was delayed (ahem, due to circuit breaker, perhaps?) or that it is available in limited quantities and ran out.

Whichever the case, if you’re interested you can always check back and wait for it to become available to you. It’s actually very affordable — the plans start at $3.99 for 5 free deliveries per month.Want to get the highest quality products with the lowest prices while shopping?Buy Now

Best Buy's TCL TV deal cuts an extra 15% off the 5 Series In the market for a new TV, maybe for watching some playoff football in style? For a limited time, Best Buy is offering an extra 15% off a wide range of TCL TV models when you apply promo code TCLDOLBY15 at checkout. And those models are already on sale, making this a rare opportunity indeed. (Best Buy almost never offers promo codes.)Try to find ways to save much money? Promosstore is the best place for you to get coupons, vouchers and deals to help you save much money on your purchase. To get more news about www.promosstore.com, you can visit promosstore official website.

In fact, it's hard to tell exactly where to enter that code. You'll need to click all the way through to the payment page, then look for the Gift Cards, Codes & Store Credit option. Click that, then enter the code and click Apply. (Don't worry, there's no PIN needed, even though that field appears.) This sale encompasses TCL's 5 Series, 6 Series and just-introduced 8 Series models. While trying to decide what to get, start with David Katzmaier's TCL 8-Series review, which found it to be "a superb performer."

Although many of the sale prices match what Best Buy has offered before, the extra 15% discount makes for some especially good deals. For example, the popular TCL 6 Series 65-inch 4K HDR Roku TV is again on sale for $699.99, but the promo code knocks it down to $595, without question one of the best deals I've seen. Feel like shooting the works? The TCL 8 Series 75-inch QLED 4K HDR Roku TV is $2,210 after applying the code.

Some of the biggest discounts are for the TCL 5 Series, which Katzmaier didn't love compared with the 6 Series, but scored very favorable ratings from Best Buy customers. You could get a 50-inch 5 Series for $255 with code, for example. My advice: Splurge a bit on the 6 Series or better. I bought a big 4 Series awhile back, and while it's pretty good overall, some HDR content I've seen looks dark and muddy.Want to get the highest quality products with the lowest prices while shopping? Read More