xysoom’s Blog

Yesterday (Aug 3), WTI rallied and recovered to $41 after establishing firmer footing at $40. Nevertheless, oil price may still struggle to test $40 barrier in the wake of a gloomy demand outlook.To get more news about WikiFX, you can visit wikifx news official website.

　　According to JPMorgan analyst Kaneva, there‘s a chance that crude oil demand could find a new normal at about 90.50 million barrels a day if it remains at the level of July till the end of this year. Fed’s Kaplan also indicated that we will have a very challenging oil market for next 6-12 months because of excess inventory. The recovery in crude oil demand will stagnate because of the soaring confirmed cases of the epidemic.

　　Certainly, the bullish economic data in the short term is not strong enough to sustain a further step in oil prices from the current level. This week, market will fully test the low risk appetite started from last week, which makes oil prices likely to ease back to the level of $40.0 in the near term. .

　　Today, investors are suggested to focus the RBA’s interest rate decision for August and U.S. Durable Goods Orders and Factory Orders in June. On Wensday (Aug 5), U.S. API will be released, which may exert pressure on oil prices if its inventory cannot see a decrease as sharp as last week.

The Monetary Authority of Singapore said it plans to revise rules governing foreign banks with a substantial local presence that may allow them to open digital-only banking subsidiaries.To get more news about WikiFX, you can visit wikifx news official website.

　　Under the enhanced framework, the MAS will consider granting an additional full banking license to foreign lenders which substantially exceed its Significantly Rooted Foreign Bank criteria, the central bank said in a statement on Monday.

　　“This will enable them to have the same flexibility as Singapore-incorporated banking groups to establish subsidiaries, including with joint-venture partners, to operate new or alternative business models such as a digital-only bank,” the statement said.

　　Banks around the world have been shutting branches and moving their services online, a trend that will likely be accelerated by the Covid-19 pandemic. Last year, the MAS announced plans to award as many as five new digital banking licenses to non-banks, a move that is expected to create a new generation of rivals for the traditional lenders.

　　Read about the ‘strong interest’ in Singapores new digital licenses

　　The enhanced framework “will strengthen the ability of SRFBs to complement the local banks as anchors to Singapores financial system,” the MAS said.

　　In order to determine if the foreign bank substantially exceeds the criteria, the MAS said it will take into account factors such as whether a significant portion of global key appointment holders are based in the country, the creation of a substantial number of jobs or counting a local group as a major shareholder.

　　The MAS also said that the local subsidiary of Standard Chartered Plc is the first bank to qualify as an SRFB. Under the scheme, which was announced in 2012, Standard Chartered will be able to open as many as 50 places of business across the city state, of which 35 can be branches.

　　In a statement, Standard Chartered said it welcomed the move and would invest an additional S$5 million ($3.6 million) to boost talent development and re-skilling.

　　The bank will review its strategy “with a view to invest more and further deepen our presence in Singapore,” Patrick Lee, chief executive officer of Standard Chartered Bank Singapore, said in the statement.
The major Asia-Pacific stock indexes finished mixed on Monday but mostly lower with both the Nikkei and Shanghai indexes posting more than 1.50% gains while the others sputtered. Japanese shares snapped six consecutive sessions of losses on Monday after the Yen retreated from a 4-1/2-month high against the dollar. Chinese stock jumped as key manufacturing data came in above expectations.To get more news about WikiFX, you can visit wikifx news official website.

　　On Monday, Japan‘s Nikkei 225 Index settled at 22195.38, up 485.38 or +2.24%. Hong Kong’s Hang Seng Index closed at 24458.13, down 137.22 or -0.56% and South Koreas KOSPI Index finished at 2251.04, up 1.67 or -0.07%.
　　China‘s Shanghai Index settled at 3367.97, up 57.96 or +1.75% and Australia’s S&P/ASX 200 Index closed at 5926.10, down 1.70 or -0.03%.

　　Sentiment was helped by a survey showing Chinas factory activity expanded at the fastest pace in nearly a decade in July, with the Caixin/Markit PMI at 52.8, above expectations for a reading of 51.3 by economists in a Reuters poll. PMI readings above 50 signify expansion, while those that fall below that figure indicate contraction.

　　[fx-article-ad]US-China Tensions Remain at Forefront

　　Tensions between Washington and Beijing likely continued being watched by investors, with U.S. Secretary of State Mike Pompeo saying Sunday that U.S. President Donald Trump is set to announce “in the coming days” new actions related to Chinese software companies viewed by his administration as a national security threat.
　　On Friday, Trump told reporters he will act soon to ban Chinese-owned video app TikTok from the U.S., according to NBC News. Microsoft on Sunday confirmed it has held talks to buy TikTok in the U.S. from Chinese tech firm ByteDance.

　　Japanese shares ended six straight sessions of losses on Monday after the Japanese Yen retreated from a 4-1/2-month high against the dollar in a short squeeze. Exporters got a boost as the Yen fell to a low of 106.40 Yen against the dollar, moving away from a high of 104.195 yen touched on Friday.

　　Hang Seng Dragged Down by HSBC First-Half Profits Miss

　　HSBC reported a 65% fall in pre-tax profits for the first half of 2020 to $4.3 billion – missing analysts expectations.

　　Chief Executive Noel Quinn said the bank was “impacted by the COVID-19 pandemic, falling interest rates, increased geopolitical risk and heightened levels of market volatility.”
WOW Classic Phase launched on April 14, introducing more game content, faithfully recreating the original World of Warcraft game. Also, there are a variety of highlights in this update, listed as follows:To get more news about Cheap WoW Items, you can visit lootwowgold news official website.
Zul' Gurub
It is the first 20-man raid in WOW Classic, located in the northeastern corner of Stranglethorn Vale as we mentioned earlier, you could be one of the hardy explorers and dive into the ancient Troll city full of peril to earn a total of 120 new rare and epic items.
Stranglethorn Fishing Extravaganza
It is a grand new event set in Phase 4, allowing the aspiring anglers to participate in the grand tournament on the appointed day. But you can't do until the neighborhood goblins visit Ironforge and Orgrimmar and inform. During the period, the shout will ring out across Stranglethorn to bait your hooks and cast your lines.
Dragons of Nightmare
It added four types of Green Dragons in different zones as immense world bosses, Emeriss, Ysondre, Lethon and Taerar, each has specific spells to deal damage with the opponents, so these four dragons are very powerful to defeat, which spawn at the same time, but it is unclear to tell which will spawn at which portal. While deal the dragons, they will drop exclusive loot, containing 22 Classic items and 10 shared epic items.
Surely, Phase 4 is going to be bringing a huge amount of content, so be ready to prepare all.
At BlizzCon 2019, Blizzard announced the eighth expansion of World of Warcraft, Shadowlands and made it available for pre-order, at the same time, Blizzard also introduced one of the distinctive features of Shadowlands, Torghast inspired by roguelikes, Tower of the Damned, which may change the MMO.To get more news about WoW Gold Classic Cheap, you can visit lootwowgold news official website.
Players are allowed to play Torghast during the Shadowlands Alpha, where players will encounter multiple difficulties from the first floor and have a relatively easy time making it to the goal. As players climb the tower, they will receive a progressively harder challenge. That is, Torghast has fixed levels with procedurally generated enemy spawns, like a boss fight on every sixth floor, also the first floor is simple, and eventually evolving into elaborate wings with traps, locked doors, puzzles and more difficulties. In order to get through Torghast, you need to combine skill, strength and strategies.
You can build a group of up to five players to enter Torghast and participate in the Boss battle, they would give help while you are in trouble, and it is also allowed to fight alone, but the process would be very slow, you'd better stay away from these bosses to block damage.
It should be noted that the difficulty of the dungeon will be adjusted according to the group, that is to say, the challenges you encounter when fighting alone are much easier than the group battle.
After defeating the boss each floor, players can also get random rewards called Anima Powers, which could increase a certain stat or a new spell for the characters. With them, players can temporarily protect their characters from long-range attacks, reduce the boss damage and restore health quickly.
You really need the extra power to effectively complete the difficulties, just like WOW Items in the game, which can give the characters a boost.
It is very common in World of Warcraft to get these items with WOW Gold, and trade to maintain the economic balance in the game.
We aim to show you accurate product information. Manufacturers, suppliers and others provide what you see here, and we have not verified it. See our disclaimer.To get more news about 9012 LED headlights, you can visit iengniek official website.
Products Details
If you have no idea to the LEDs you should get for your vehicle, then we would like to highly recommend this upgraded LA series one to you.
This is the new arrival product with beautiful appearance, smaller size for plug and play installation and 360 degrees adjustable mounting collar for better beam pattern.

Quick Installation
Built with smaller size than the common LEDs in the market without building an external driver, directly plug into the factory housing.
Adjustable Beam
The mounting collar is 360 degrees adjustable for freely rotate, it's softly suitable for different headlight housing with different angles and easily adjust the light pattern, no blinding the upcoming traffic or divers, no dark spot.
Much Brighter than Halogen
Much closer to the factory halogen design carries brighter light output than stock and provide excellent night time drivability by taking amplified flux beam with 12 pieces flip chips.
Better Heat Dissipation, Last Longer
New cooling system with a unique ball-bearing fan preventing the driving from the loud noise from the cooling fan, all-in-one compact aluminum design brings better heat dissipation than common plastic design, and intelligent IC make sure the LED conversion kits last longer.
The glare generated by the HID headlamps might be extremely disturbing for the other drivers on the road, especially for incoming traffic, thus raising the number of accidents and fatalities.To get more news about 9006 LED headlights, you can visit iengniek official website.

This 2014 new 9006 head light assembled with 2 pcs highlight LED chips not only increases visibility, but also reduces glare. 3000lm and 6000K color temperature, and the emitted clear white light is identical to daylight. It is perfect equivalent of 90W halogen and xenon lamps.

30W power consumption is about 85% lower than traditional 90W halogens or HID light. Lower power consumption means low gas consumption.

This compact-size bulb is empowered by advanced heat transfer technology: electrically neutral thermal path process, 6063 aluminum cooling fin in grooves and layers, red copper and silver plate for thermoelectric separation. Such excellent heat dissipation translate directly to a longer lifespan and lower maintenance cost. 
The driver is separated from the main body, about 10 mm short compare with other head light, compatible with more vehicles.
IP68 waterproof rating is the highest in IP code. It can be safely used in any bad weather.
PBT engineering-plastics makes high performance, resisting creep, heat and aging.
Increase your safety and visibility with this H13 LED headlight/fog light kit. The dual-intensity LED headlight bulbs emit 4,000 lumens of cool white illumination per set (2,000 lumens each) and feature 3rd generation cooling technology. They have integrated heat sinks instead of short-lived fans or bulky braided heat sinks. This allows for a longer-lasting bulb and easier installation in tight spaces. They also have internal drivers, which eliminates the need to mount an additional part and locate an appropriate mounting spot. To get more news about H13 LED headlights, you can visit iengniek official website.

The compact bulbs last 13 times longer than halogen bulbs and 3 times longer than HID bulbs. LED arrays in each bulb are designed to mimic the filament in halogen bulbs—creating a closely matched beam style. Each headlight bulb has 2 rows of LEDs that are activated individually for high- or low-beam settings. Only 1 row of LEDs is in use at any given time, and intensity is the same for both sets. These waterproof, CAN Bus compatible bulbs operate within a wide 9-32 VDC range. This long-lasting kit includes 2 LED headlight bulbs and 2 adapter plugs. Price per kit.

6 new coronavirus cases reported in Shanghai

Six new imported COVID-19 cases were reported in the city on Wednesday, said the Shanghai Health Commission on Thursday morning.To get more shanghai coronavirus cases, you can visit shine news official website.

The newly diagnosed patients are one Chinese working in the US, one Chinese traveling in India and four Pakistanis, who are all diplomatic personnel. 

The six have been transferred to the designated hospital for treatment, while 138 close contacts on the same plane with them have been tracked down and put under quarantine and observation.

So far, of all the 343 imported cases, 331 have been discharged upon recovery and 12 are still hospitalized.

Another one imported suspected case is undergoing test.No new locally transmitted or suspected cases were reported on Wednesday.

Of all the 341 local cases, 334 have been discharged upon recovery. There have been so far seven local fatalities.No asymptomatic infection cases are undergoing medical observation now, the health commission said.
Safe-haven currencies, aka hedge currencies, are relatively stable, not easy to depreciate, nor easily affected by policies, war, market fluctuations and other major international events, and can avoid investment risk as much as possible. However, safe-haven currencies can also fluctuate with market. Among them, the Japanese yen, the Swiss franc, the US dollar and gold are the four most famous safe-haven currencies.To get more news about WikiFX, you can visit wikifx news official website.
The Swiss franc, the US dollar
　　As we all know, Switzerland is a permanently neutral country. So it is considered to be the safest place in the world, coupled with the protection policy adopted by the Swiss government on finance and forex, for which a large amount of forex has poured into Switzerland. The Swiss franc has become a popular currency for international settlement and forex transactions. Therefore, the Swiss franc has been seen by investors as a traditional safe-haven currency for a long time. The international political situation may suddenly become tense or the uncertainty of economic growth increases, thus the Swiss franc will become the first choice for investors to transfer funds.
The US dollar can act as a safe-haven currency, which is closely related to the economic strength of the United States. At the end of the 19th century, the US economy developed rapidly, elevating its global status. Then the United States won the second World War, and gold started to flow into the country. When the Bretton Woods system, an international monetary system centered on the US dollar, was established, the United States became the first power country in the world.

　　Japanese yen

　　The yen has become a safe-haven currency for both historical reasons and social-economic factors. The first is that it reflects a stable currency value and low inflation as well as the size, structure and resilience of economy of the currency-issuing country and the ability to isolate external shocks. The second is the degree of financial market development. The third is the degree of openness of the market. Safe-haven currencies need to be freely convertible, and the financial markets are sufficiently open.

　　Japan has both the second largest dollar reserves in the world and the large number of US dollar claims, which means it is extremely difficult to short the yen. Whats more, although Japan's domestic debt is heavy, its foreign debt is very small, so the Japanese government has always enjoyed a high credit rating. Importantly, in order to stimulate the economy, the Bank of Japan continues to reduce interest rates. Japan has been taking a nearly zero interest rate monetary policy for a long time. This is why the yen can be a safe-haven currency.
1： Low interest rate.

　　If there is a sharp cut in interest rates, it will cause a large number of hedging transactions to devalue the currency, and a currency cannot become a safe-haven asset when in a sharp devaluation. However, the yen has a very low interest rate, which means that the possibility of a sharp depreciation of the yen is very low! Under this condition, the yen can become a safe-haven asset.

　　2: location and political

　　Japan is a Pacific island country with a total land area of only 377,800 square kilometers. Based on the special geographical environment as well as the scarcity of resources, it is difficult for Japan to call a war with other countries. Although Japans land area is very small, it is a developed country. It can be say that it has a strong economy system. Furthermore, Japan has always been attached to the United States. With the support of the United States, the yen can be relatively stable, which is why many investors prefer the yen.

　　3: Japanese yen can be circulated freely.

　　The Japanese yen is a free-circulating currency in the world, and there will not be too many restrictions on its circulation. This property of free circulation opens a “channel” for the yen to become a safe-haven currency. Only a currency that is circulated freely can attract investors.

　　Why does the yen become the strongest safe-haven currency？

　　As long as the interest rate of a currency is low enough and the liquidity is large enough, it can become the financing currency of the carry trade, and this is why it called “safe-haven currency”. The yen is lucky to meet these two conditions, so it can become the strongest safe-haven currency.

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