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Equities ended another day on a happy note with the Dow Jones, S&P 500 and Nasdaq indices closing 1.05, 0.82 and 0.59 percent higher, respectively. The buoyancy was reflected in FX and commodity markets with AUD and NZD having surged in some cases over one percent with WTI clocking in 4.03 percent gains. The anti-risk Japanese Yen was hammered along with the haven-linked US Dollar and Treasury bonds.To get more news about WikiFX, you can visit wikifx news official website.
Market participants shrugged at unrest in the US, where struggling economic activity amid the Covid-19 pandemic has been hampered further by state-enforced curfews responding to looting and vandalism. This is against the backdrop of protests and riots following the killing of George Floyd by a police officer in Minneapolis.
Traders may be operating on the market-friendly narrative that easing lockdown measures will lead to a speedy recovery despite Depression-era high unemployment. This in turn is helping to push cycle-sensitive assets higher.
Wednesdays Asia-Pacific Trading Session
Wall Streets rosy session may ring into Asia and help support APAC stocks and growth-oriented currencies like the Australian and New Zealand Dollars. Higher-beta FX - particularly those tied to emerging market economies - may benefit from resilient risk appetite. Credit markets may continue to show signs of easing as spreads on credit default swaps on sovereign bond yields in Asia - apart from a few - continue to narrow.
With another relatively-light data docket, the primary focus will likely be another Australian-based event, only this time instead of the RBA - like yesterday - today will focus on Q1 GDP statistics. The commodity-exporter country has managed to avoid a recession for almost 30 years - even dodging one in 2008. However, the current geopolitical and economic terrain may now be too rough to traverse unscathed.
AUD/JPY Technical Analysis
In the past 24 hours, AUD/JPY has surged 2.30 percent, adding onto its remarkable 20 percent recovery after bottoming out at 62.41. The pair continues to climb above a steep uptrend and is coming close to retesting a multi-month resistance range between 75.925 and 76.320 where the pair had previously stalled. Cracking that ceiling opens the door to testing the lower tier of the 77.736-79.843 range.
Bank of France Governor Francois Villeroy de Galhau said the countrys economy is picking up faster than expected and that forecasts from the International Monetary Fund may be too gloomy.To get more news about WikiFX, you can visit wikifx news official website.
"Things are going at least as well as we forecast at the start of June, and even a bit better," Villeroy said on French television channel LCI, citing the central banks monthly indicator of business activity.
Villeroy has compared the economic recovery to the shape of a bird wing, with a sharp upturn as confinement measures ended, followed by a steady return to the pre crisis level of output.
The contraction in 2020 may not be as sharp as the 10% decline the Bank of France forecast last month, Villeroy said, noting that the government forecasts -11% and the IMF -12.5%.
How quickly French households spend savings built up during the crisis will be key to further accelerating the recovery in 2021, Villeroy said. To foster confidence, he said the government should avoid changes in tax and aim to keep public debt below 120% of annual economic output.
"If households have more confidence and dip into savings to feed their consumption, the recovery could be quicker and we could get to pre-covid levels of activity at the end of 2021," Villeroy said.
It was the arrival of the second man in his early 20s gasping for air that alarmed Dr. Dixie Harris. Young patients rarely get so sick, so fast, with a severe lung illness, and this was her second case in a matter of days.To get more news about Best Smoking Alternative, you can visit univapo official website.
Then she saw three more patients at her Utah telehealth clinic with similar symptoms. They did not have infections, but all had been vaping. When Harris heard several teenagers in Wisconsin had been hospitalized in similar cases, she quickly alerted her state health department.
As patients in hospitals across the country combat a mysterious illness linked to e-cigarettes, federal and state investigators are frantically trying to trace the outbreaks to specific vaping products that, until recently, were virtually unregulated.
As of Aug. 22, 193 potential vaping-related illnesses in 22 states had been reported to the Centers for Disease Control and Prevention. Wisconsin, which first put out an alert in July, has at least 16 confirmed and 15 suspected cases. Illinois has reported 34 patients, one of whom has died. Indiana is investigating 24 cases.
Lung doctors said they had seen warning signs for years that vaping could be hazardous, as they treated patients. Medically it seemed problematic, since it often involved inhaling chemicals not normally inhaled into the lungs. Despite that, assessing the safety of a new product storming the market fell between regulatory cracks, leaving doctors unsure where to register concerns before the outbreak. The Food and Drug Administration took years to regulate e-cigarettes once a court determined it had the authority to do so.
"You don't know what you're putting into your lungs when you vape," said Harris, a critical care pulmonologist at Intermountain Healthcare in Salt Lake City. "It's purported to be safe, but how do you know if it's safe? To me, it's a very dangerous thing."
It appears like the Bears' designs for their new throwback uniforms might have leaked early.To get more news about cheap chicago bears jerseys, you can visit bearsbuy official website.
Chicago is celebrating its 100th anniversary in 2019 and will be commemorating the occasion in a special way. The Bears will wear a new throwback uniform this season, which was originally going to be unveiled Friday.Over the weekend, a fan spotted an unfamiliar jersey at a local Dick's Sporting Goods store and shared a picture of it on Twitter saying, "possible leak of the bears alternate for this year?"
The fan's assumption isn't far off reports of what could be in store this year.
The "new" throwback jersey is identical to the top worn during the 1936 season, with stripes on the shoulders and sleeves. It's something coach Matt Nagy is a big fan of.
"I love the stripes," Nagy said at the NFL owners meetings in March. "I love the stripes that we have. I want stripes everywhere."The 100th anniversary jersey will be one of four uniforms the Bears will wear this season.
Chicago will also sport its traditional navy uniform and white uniform, as well as an orange jersey.