For 21-year-old Lina Khalid, it‘s her grandmother’s dream of visiting Mecca that drives her while trading currency.To get more news about WikiFX, you can visit wikifx.com official website.
“I‘m gonna do it. Even if I have days where I’m not going to sleep, Im gonna do it,” she says. A car for herself, some Air Jordans for her sister and being able to spoil her mum would also be nice, she adds.
The Wolf of Wall Street is what comes to mind for most people when thinking of the world of high-stakes finance, but Khalid, who works as a dental nurse, says she is one of a growing number of young women of colour who have taken up foreign exchange (forex) trading during lockdown, whilst remaining conscious of the risks.
The risks are significant and have led many to advise young people against taking part in currency trading, one of the riskiest form of trading there is. While traders who work in banks work with other peoples money, those who do it at home take a huge gamble with their own – and risk losing their life savings.
Khalid and 20-year-old Cheila Gongo Balde, who took up currency trading after she was furloughed, feature in a Channel 4 online short called The Wolf of High Street, along with two other women. The short film follows the group as they navigate the risky world of forex trading, while supporting each other in group chats, sharing tips and advice.
The film explores how social media, including YouTube, Instagram, Snapchat and TikTok, has introduced a new generation to trading. Technology has simplified the process: people can now download an app and start trading from their phones.
Ayo Akinwolere, a broadcaster who co-owns Milk First, the production company behind the short film, with Alex Thomas, says they were keen to capture both the highs and lows of this industry. He describes the women as being part of a growing trend among young people to find “side hustles” to survive in the cities they have grown up in.
“Whats important … is that we tell an authentic story about the people we were talking to. These are all young women that grew up in areas like the ones me and Alex grew up in,” he says.
Kia Commodore, the 22-year-old founder of Pennies to Pounds, a financial literacy platform created to demystify the world of finance for young people, agrees there has been an explosion of interest in finance. As well as trading, many are also keen to learn more about investing since the country first went into coronavirus lockdown.Commodore says those interested fall into two camps. “There‘s people who during the pandemic have lost jobs or income. They have to tighten their belts and try to get through this period as best as they can. Then there’s some people who have been unfazed by this or even managed to get salary increases in this time. As they‘re not travelling to the office any more, they’ve cut down on costs and there is this extra pool of money.”
Before lockdown, Pennies to Pounds had 4,000 followers across its social media accounts. It now has almost 10,000 followers on Twitter and 20,000 on Instagram, as well as a podcast. People come seeking advice on pensions, mortgages and credit cards.
While Commodore has welcomed the increased interest, she stresses there is an important difference between trading and investing, and wants young people to focus on the latter. “We‘re not looking to make a return in the next half hour, we’re looking to make a return in the next five years.”
The women in the film speak openly about the predatory undercurrent driving the increased interest in forex trading. The Financial Conduct Authority has warned people are increasingly being targeted by “unauthorised forex trading and brokerage firms offering the chance to trade in foreign exchange, contracts for difference, binary options, crypto-assets and other commodities” and offering “very high returns and guaranteed profits”.
Dogecoin (DOGE/USD) is seeing some weekend love returning this Sunday after trading directionless almost throughout the last week, despite a couple of encouraging fundamental news.To get more news about WikiFX, you can visit wikifx.com official website.
The Shiba Inu-represented cryptocurrency, Dogecoin, remains buoyed by the upbeat mood seen across the crypto board, as the bulls prepare to regain control.
The optimism around the news that the Dallas Mavericks will soon be accepting the meme-based cryptocurrency as part of an agreement with crypto payment services provider BitPay seems to be picking up, offering fresh zest to the DOGE bulls.
Another big news for billionaire Elon Musks favorite coin came in after ATM provider CoinFlip announced DOGE can now be purchased with cash across its 1,800-machine network.DOGE/USD dived out of a month-long falling wedge on the daily sticks last Thursday, validating the bullish continuation pattern after closing the day above the falling trendline resistance at $0.04894.
Although the bulls lacked follow-through, as the 21-daily moving average (DMA) continued to offer stiff resistance. At the moment, Dogecoin is battling the abovementioned key hurdle.
The canine cryptocurrency is eyeing a daily closing above the critical 21-daily moving average (DMA) at $0.0517 so that the bulls could finally reclaim ground and extend the upside break from the falling wedge formation.
The buyers would then aim for a 100% upswing, with eyes set on the record highs at $0.1004. On its way northwards, the DOGE bulls could face some strong offers around $0.0650, the static resistance.
The relative strength index (RSI) edges higher, currently at 52.46, suggesting that there is more room for the upside.
If the meme-based coin fails to take out the 21-DMA barrier, a pullback towards the strong support at $0.04333 cannot be ruled. That level is the confluence of the pattern resistance now support and the upward-sloping 50-DMA.
Asian shares rallied on Monday while the dollar held near three-month peaks after the U.S. Senate passage of a $1.9 trillion stimulus bill and a surprisingly strong payrolls report augured well for a global economic rebound.To get more news about WikiFX, you can visit wikifx.com official website.
There was also upbeat news in Asia, as China's exports surged 155% in February compared with a year earlier when much of the economy shut down to fight the coronavirus.
BofA analyst Athanasios Vamvakidis argued the potent mix of U.S. stimulus, faster reopening and greater consumer firepower was a clear positive for the dollar, and a drag for bonds.
“Including the current proposed stimulus package and further upside from a second-half infrastructure bill, total U.S. fiscal support is six times greater than the EU recovery fund,” he said. “The Fed is also supportive with U.S. money supply growing two times faster than the Eurozone.”
The prospect of yet faster growth helped MSCI's broadest index of Asia-Pacific shares outside Japan firm 0.4%. Japan's Nikkei gained 1.2%, while S&P 500 futures rose 0.3%, after a sharp turnaround on Friday.
Equity investors took heart from U.S. data showing nonfarm payrolls surged by 379,000 jobs last month, while the jobless rate dipped to 6.2% in a positive sign for incomes, spending and corporate earnings.
U.S. Treasury Secretary Janet Yellen tried to counter inflation concerns by noting the true unemployment rate was nearer 10% and there was still plenty of slack in the labour market.
Yet yields on U.S. 10-year Treasuries still hit a one-year high of 1.625% in the wake of the data, and stood at 1.60% on Monday. Yields increased a hefty 16 basis points for the week, while German yields actually dipped 4 basis points.
The European Central Bank meets on Thursday amid talk it will protest the recent rise in euro zone yields and perhaps mull ways to restrain further increases.
The diverging trajectory on yields boosted the dollar on the euro, which fell away to a three-month low of $1.1892, and was last pinned at $1.1920.
Ned Rumpeltin, European head of FX strategy at TD Securities, said the break of chart support at $1.1950 was a bearish development which targeted $1.1800.
“The solid U.S. employment report could be the final missing piece of the stronger USD narrative,” he added. “This should put the dollar in a much stronger position relative to other major currencies.”
The dollar index duly shot up to levels not seen since late November and was last at 91.897, well above its recent trough of 89.677.
It also gained on the low-yielding yen, reaching a nine-month top of 108.63, and was last changing hands at 108.37.
The jump in yields has weighed on gold, which offers no fixed return, and left it at $1,706 an ounce and just above a nine-month low.
Oil prices were up the highest levels in more than a year after Yemen's Houthi forces fired drones and missiles at the heart of Saudi Arabia's oil industry on Sunday, raising concerns about production.
良いニュースから始めましょう:2021は、疑いなく、前のものよりスイスのWatchmakersのためにより良い年であります。我々はまだ多くの未知数はあるものの、上昇傾向を期待している。「すべてが、パンデミックがどのように発展するか、どのように速い予防接種キャンペーンが実行されるか、そして、世界的な観光旅行が回復し始めるとき、ヒンジを引っ張ります」と、スイスの時計産業連盟(FH)(ジーンダニエルPasche)の大統領がコメントしました。弊店ではパネライコピー等スイスのスーパーコピー時計を扱っております。
2020年には、セクターは過去80年の最悪の危機を経験しました。そして、およそ25 %の腕時計輸出の低下で(最終的な数字は1月遅くに知られています)。世界中の多くの店の閉鎖と国際観光のシャットダウンは、この旗艦産業に多大な影響を与えました。
これまでのところ、セクターは人間レベルでダメージを制限してきたが、ほんの数件の倒産しかなかったし、昨年の監視作業の2.6 %の低下は昨年記録された。「巨大な州の援助は、枝に苦しんでいる危機の本当の範囲を覆い隠しました。「短時間の仕事とビジネスローンが終わったならば、レイオフの波と数十ブランドの崩壊は予想されることができます」と、Grウォッチング2020年、スイスの時計の唯一の本当の良いニュースは極東から来ました。すべての世界市場が急落した一方、中国への輸出は逆の傾向に続き、2019年に比べて5分の1近く増加した。厳しい措置と厳しいロックダウンのおかげで、中国は既に春にその店を再開することができました。外国旅行を奪われたので、中国人の消費者は家で時計を買いに回った。
「これは新しい現象で、コロナウイルス危機とは関係ない。北京によって、特に中国の人口、特に海南島に対する免税区域の確立とともに、ローカル・トレードを促進するという明確な願望がある。
スイス製のラベルは、時計業界の精度を欠いている
あなたがスイスで製造される「スイス製の」腕時計を買うならば、あなたは誤っているかもしれません。ダイヤル、サファイアガラスとケースを含む構成要素の製造は中国、タイとモーリシャスで栄えています、そして、これらの多くは「スイスMade」として指定された腕時計に終わります。弊店はNoob製の最高級のスーパーコピー時計のみ取り扱っていますので、2年品質無料保証します。スーパーコピー時計NOOB老舗
主要な要件は、製造コストの60パーセントが、動きにのみ適用された前の50パーセントの閾値から上昇していることであるメカニズム新しい規則は消費者の目でラベルをより信用できるようにし、アジアの競争から産業を保護することを意味した。
しかし、変化は安価なスイスの時計のメーカーがコストを削減し、過酷な産業の下降を天候に困難にしました。そして同時に、それは彼らの利益マージンを保護するためにアジアに部品供給の塊をシフトするためにより高価なブランドのメーカーを十分に残しました。
「スイス製の規則が強化されたので、我々はより少ない命令を持っていません」と、スイスのWatchmaking Hub Le Laleに基づくDialmaker Metalemのアラン・マリエッタが言いました一部のお客様は私たちに中国の部品の半分を生産するよう頼みます
彼は、顧客を失うことを心配していたが、彼の主義に固執したと言いましたスイスで作られた本物のスイスを提供したい、さもなければ、ここの腕時計業界で働いている人々のために、それは遅い死を意味します
スイス時計の輸出価格は、すでに第1・四半期の7.5 %増となった。FHS自体は2020年3月の統計を発表する際に「4月に悪化する可能性がある」と予測していたが、ここでは輸出の減少は残酷だ。最近のレポートでは、Bain&Companyは、世界的な贅沢な売上高は2020年の35 %に落ち込んでいると見積もっています。弊店のロレックスコピー時計等のブランド時計コピーは送料手数料無料で、業界NO.1品質2年無料保証です
楽観主義のほんの少しで、いくつかのレポートとフィードバックのブランドから我々は、中国本土のビジネスが戻って跳ね返っていることを示唆しています。特に、世界的な旅行制限で、中国の顧客は、海外でそうすることの代わりに国の中で買う傾向があります。贅沢な産業の将来は確実に中国の回復に依存する。これはスイスの時計輸出の傾向によって確認されました、中国は4月の傾向を押し下げる唯一の国でした。中国は今月の輸出量の3分の1を占めた。