The planned relaunch of Icelandic low-cost carrier Wow Air has been delayed until December, according to a statement provided by the owner of the assets of the shuttered airline, though many unanswered questions remain as to the feasibility of refloating it.To get more news about Shadowlands WoW Gold, you can visit lootwowgold news official website.
The planned relaunch of Icelandic low-cost carrier Wow Air has been delayed until December, according to a statement provided by the owner of the shuttered airlines' assets, though many questions about the effort's feasibility remain unanswered.
The 8 October statement from Michele Ballarin, chair of Virginia-based USAerospace Associates, does not disclose any information about pending schedules, routes or destinations.USAerospace, which acquired Wow's assets after the carrier failed in March, did not answer additional emailed questions.When it announced its plans in September, USAerospace said it would relaunch the airline in October. Lack of transparency around those plans cast doubt on the project.
“Wow Air intends to be fully operational in December with ticket sales hitting the market in November,” says the statement to FlightGlobal. “Significant market adjustments have taken place since the announcement of the re-launch of Wow Air. This contraction of air carriers has provided an increase in aircraft inventory previously not available in the late summer. Wow Air will take this opportunity to acquire and reconfigure our launch aircraft in the best interests of our customers and shareholders.”In the past few weeks, several low-cost carriers including Thomas Cook, France’s XL Airways and Adria Airways, ceased operations, leading to a stark reshuffling of the vacation-flight market.
In early September, USAerospace had reached an agreement to purchase the Wow Air brand, and said it plans to restart operations between Washington Dulles International airport and Keflavik International airport outside of Reykjavik. At the time, the organisation said it plans to operate hubs in both cities and seeks to focus on air cargo in addition to passenger operations.
USAerospace chair Ballarin, who also goes by the name “Michele Roosevelt Edwards”, detailed the return plans during a press conference on 6 September in Reykjavik.The price of the agreement has not been disclosed, but she said her company had committed $85 million to get the airline back up and running. She also said Wow will begin operations with two aircraft, eventually expanding the fleet to 10 or 12 aircraft.
A spokesperson at the Metropolitan Washington Airports Authority (MWAA), which operates Dulles airport, told FlightGlobal on 8 October that MWAA had an initial meeting with the new investors in August.She adds that the Authority has heard nothing from the airline since that time and is unable to give further information about potential operations from Washington DC area airports.
Wow had operated 20 aircraft at the end of 2018, but cut its fleet almost in half to improve its financial position before ceasing operations and cancelling all flights on 28 March. The carrier launched in 2012 by operating single-aisle Airbus aircraft and later expanded its fleet with larger A330s.
1. Jungle Remedy 1. Jungle Remedy Someone out there is a millionaire after buying a Pennsylvania Lottery ticket at a Mercer County business.Get more news about彩票API,you can vist loto98.com The European Union moved closer to expanding its trade-sanctions powers in response to the U.S. challenge to the global commercial order.To get more news about WikiFX, you can visit wikifx news official website. A collapse in imports has had a positive effect on the nations trade deficit, leading to lower demand for overseas currencies and helping to strengthen the peso. The Philippine currency is the best performer in Asia this year, up more than 2% against the dollar.To get more news about WikiFX, you can visit wikifx news official website. What is a black swan event: “First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme impact. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.”To get more news about WikiFX, you can visit wikifx news official website. Why is thecoronavirus a black swan? The COVID-19 outbroke in Wu Han, a city with 11 million populations in China. In early 2020, the Chinese government announced the epidemic prevention and control measures to the world, which went unnoticed at that time. But just a month later, in mid-March, more than half of the world's countries imposed lockdown measures to combat the spread of the epidemic. This is a probability event that people can't predict, but it really happened. According to the data of the World Health Organization: the cumulative number of cases of SARS virus reached 8,240 in 2003, with 745 deaths and a mortality rate of 9.04%. This is a punishment for mankind, which still does not attract enough attention. The outbreak of COVID-19 is a result of nature‘s revenge on human beings, due to human’s endless killing and eating of wild animals. So can we say in all fairness and honesty that no one saw the possibility of COVID-19 coming? Negotiations between Arabs and Russia over oil production cuts have resulted in oil being cheaper than water. The current trade war between China and the United States has led to tariff increases on both sides. Catering industry:the epidemic has led to a lack of catering enterprises, stagnant sources of income, on the other hand, enterprises still have to bear the cost of food, labor and rent during the epidemic. Without the hedging of passenger flow consumption to these operating costs, the cash flow of catering enterprises is difficult. If the impact of the epidemic is not alleviated for a long time, a large number of small and medium-sized catering enterprises will face tremendous pressure for survival. Tourism and aviation industry:The impact of COVID-19 on tourism and aviation is fatal. All 217 destinations around the world have introduced 100% travel restrictions for international tourists, of which 156 have completely closed their borders to international tourists. A total of 83% of tourist destinations in Europe completely ban international tourists, compared with 80% in the Americas, 70% in the Asia-Pacific region, 62% in the Middle East and 57% in Africa. Tui Group, Europe's first traditional travel agency, has announced that it will cut 8,000 jobs. Due to the impact of COVID-19 epidemic, the group has suffered heavy losses and plans to cut 8,000 jobs worldwide, accounting for more than 10 percent of its workforce. So is the COVID-19 a black swan or gray rhino? There is no doubt that the sudden outbreak of the COVID-19 epidemic is a typical “black swan” incident. This virus is seldom seen in human history. But, the epidemic seems to have the characteristics of “gray rhino”. As mentioned at the beginning of the article, China issued an early warning to the United States and other countries at the beginning of 2020, and even blocked a city with a population of 11 million in order to control the epidemic spread. The aim is to give the world time to fight the epidemic. However, the warning has not attracted the attention of most countries in the world. It seems that a “gray rhino” was slowly getting up and approaching. This epidemic has exposed the shortcomings of public health emergency response systems in countries all over the world, and there are deficiencies in the prevention and control system, capacity-building and material reserves for major infectious diseases. In particular, in addition to the dutiful work of the World Health Organization, so far, there is a lack of a more charismatic and overall coordination mechanism in response to the global major outbreaks. These hidden weaknesses, like “gray rhinos”, have long been dormant , but have not been taken seriously. Behind each “black swan” hide “gray rhinos”. In 2008, the collapse of Lehman Brothers was a “black swan”, while the persistent malformation in the financial and real estate sectors of the United States was the “gray rhino”. In 1997, Soros' “mischief” was a “black swan”, while the high growth of global overdraft and the expansion of non-performing assets were “gray rhinos”. Abstract: Binomo: WikiFX exposed Binomo to the public many times and has been receiving huge amount of complaints from Nigerian. Binomo is a big trap without regulation and credit.To get more news about WikiFX, you can visit wikifx news official website. In the past two months, WikiFX received more than 200 complaints against Binomo. It has to say that Binomo seems like a “virus”. Its not only an illegal broker but also there are amount of people who pretended to be staff from Binomo, running BTC and cryptocurrency businesses to defrauded investors. WikiFX picked up some typical cases to share with investors in the following article, in order to reminder investors again that Binomo is a liar, whether the employees are official or fake. An investor was scammed 30,000NGN by a Facebook group named Binomo Online Trade. It can be seen that the receiver name is BINOMO TRADE TOPUP. The investor was promised that he can get 90000NGN after 45 minutes. After the money was transferred, the investor was kicked out of the Facebook group. Please be aware if you see below the group name from Facebook, please stay away from it. Case2: Registration fee trap, the reality is that after paying registration fee, you still could not withdraw. A person named Mrs. Chinelo Ugwu worked under the Binomo Investment as an agent. An investor invested 5000NGN, after the payment was done, the agent told the investor that he needs to pay 2000NGN for the registration fee, otherwise he could not withdraw. It is worth noting that they never mention the registration fee at the beginning. Case3: COT trap. COT: cost of transaction fee This is a group from Instagram named Binomo. Binomo has an official website, and you may think that it indicates the broker is a real one. Unfortunately, an official website link represents nothing. Especially, those fraudsters who come from third-party social media platforms are even more unreliable. As for this case, an investor invested 15000NGN and when it was time to withdraw, the Binomo group required the investor to pay COT. Finally, the investor did not pay COT and Binomo stopped replying to him anymore. Attention: COT does not exist in the field of forex. COT is an excuse made-up by fraudsters, because the fraudsters do not want to return money to investors. Even if you pay COT, you still couldnt withdraw. COT fee only incurs when people need to transfer money cross border. May 28th, from WikiFX news. Aussie‘s performance beat most of G10 currencies in May. Technically, AUD/USD breached April’s range and is heading towards March high with a positive outlook.To get more news about WikiFX, you can visit wikifx news official website. June 2nd will see Reserve Bank of Australia release its interest rate decision, which will likely remain unchanged according to market expectation. Previously, the reserve bank board agreed that the policy package is working as expected, and board members consider the best approach to be maintaining the current policy arrangement and keep a close watch on the economic and financial results. In the following months, RBA will possibly maintain the present stance while carefully observing any new change. Whether the large-scale fiscal and monetary policies will bring the economy to a V-shape recovery is still a question, and should the economy fail to rally as expected, the central bank will be under pressure and faces challenge in taking further measures to support economy. We expect Australias GDP to shrink about 10% in the first half of 2020. In conclusion, if the RBA resume a mild forward guidance, the Aussie will possibly face downside risks. World of Warcraft has changed a lot over the years, almost to the point where modern WoW is unrecognizable from the game it was 15 years ago.To get more news about Cheap WoW Gold, you can visit lootwowgold news official website. One of the most popular classes during Vanilla in World of Warcraft was Mage. Those masters of spell weaving were known as probably the only class in the game for being at least good (if not better) in everything. As most of the classes during early WoW days were very unbalanced, almost all of them had something which was their weakness. For example, Warriors were amazing when paired with healers but they were weak alone. Hunters were amazing at leveling but not so great at raids. Rogues shined in PvP but were hard to grind with. And there we have Mages - good at PvP, great at PvE, valuable in every party and every raid - this versatility makes them definitely a great class to pick up. Let's get into WoW Classic Mage Guide in details.To get more news about Buy WoW Gold, you can visit lootwowgold news official website. An Australian woman won a $700,000 lottery jackpot using the same numbers she has played ever since they came to her in a dream 15 years earlier.Get more news about 彩票包网服务,you can vist loto98.com The Redlands, Queensland, woman told The Lott officials the ticket she purchased for the July 6 Monday & Wednesday Gold Lotto drawing bore the same numbers she has been using for years."The numbers came to me in a dream about 15 years ago, I literally saw them appear one by one, and I've been playing them in that exact order ever since," the woman said. She said she immediately knew she was the winner when she saw the winning numbers. "I knew they were my numbers because I've been marking them on my entries for so long, probably for more than a decade," she said. "The numbers have always been good to me, I've always won little amounts over the years but now this. It's amazing!" The woman was the only division one winner in the drawing, earning a top prize of $700,000."I've always wanted to be in a position where I can help my family, and now I am," she said. "I'll certainly be using this to retire a little earlier than I thought I could." Macau casino tycoon Stanley Ho, who passed away on Tuesday (May 26) at the age of 98, was known for many things, including the fact that he had 16 children with four women, all of whom he called his wives (even though he was only legally married to two of them).To get more news about stanley ho and wives, you can visit shine news official website. His first wife, Clementina Leitão, was known as “the most beautiful woman in Macau” and came from a prestigious family of Portuguese barristers and officials. Stanley was head over heels in love with Clementina and pursued her passionately, meeting her after work every day and even taking Portuguese language classes at night for her. The couple tied the knot in 1942 and had four children together. Sadly, their son Robert was killed in a traffic accident at the age of 33. Their daughter Jane also passed away in 2014 at the age of 67 after suffering from a rare blood vessel disease. Younger daughters Angela and Deborah are still alive and were recently in a high-profile rift over family trusts. Clementina herself was in two car crashes in 1952 and 1973, the second of which left her wheelchair-bound and requiring 24-hour care. She died in 2004 at the age of 80. Stanley reportedly met Lucina Laam at a ball when she was just 14 years old. He took her as his second wife in 1957 while still being married to Clementina, a practice made possible under a Qing dynasty law that allowed polygamy in Hongkong until it was outlawed in 1971. However, Deborah claimed that her mother became a heavy drinker and smoker after Lucina came into the picture, which suggests that she wasn’t exactly pleased with the arrangement. For many years, Lucina accompanied Stanley to social gatherings and charity events, and they became known as the “Dancing Queen” and “Dancing King”. The couple had five children together: Pansy, Daisy, Maisy, and Lawrence, who took over their dad’s businesses, and Josie, a singer and actress. In 1985, Lucina, now in her 70s, immigrated to Canada to take care of her elderly father and manage Stanley’s businesses over there. Ina Chan was hired as a private nurse to take care of Clementina in the ‘70s. It was once rumoured that Clementina was the one who played matchmaker for Ina and Stanley to help expand the Ho clan and, um, to teach Lucina a lesson (which sounds too dramatic to be true, but with these real-life Crazy Rich Asians, who knows?). Ina became Stanley’s third “wife” in 1985 and she bore him three children, Florinda, Laurinda, and Orlando. The 67-year-old is now a successful businesswoman in her own right, serving as the chairwoman of a company that manages real estate, retail, hospitality, leisure, and transportation investment projects. Luckin Coffee announced Friday that the company had withdrawn its request for a Nasdaq hearing, a months after the stock market announced that it was issuing the China-based coffee company a delisting notice following a fraud scandal that resulted in fabricated financial numbers. As a result, the company’s shares will be removed from the Nasdaq stock market on June 29 at the start of the business day, just 13 months after the company had initially made its debut on the stock market, with an IPO worth $561 million. To get more news about luckin coffee shares, you can visit shine news official website. The Luckin Coffee fraud scandal was a “great morality tale” for markets, and more needs to be done to protect American investors from such cases, said an analyst, who said a bill to delist Chinese companies in the U.S. is essentially toothless.To get more luckin coffee stock news, you can visit shine news official website. “It’s a great morality tale. It seems to me that those of us who spent time in China could see from very early on that Luckin was inflating its numbers,” Anne Stevenson-Yang, research director at J Capital Research, told CNBC on Monday. “Luckin was a company that was terribly interested in memberships and in tokens, and in the visible growth of foot traffic to the stores — but not in actual revenue,” she said.Chinese coffee chain Luckin Coffee was listed in the U.S. last year. But it disclosed this April that its chief operating officer fabricated the company’s 2019 sales by about 2.2 billion yuan ($310 million). The fraud began in April 2019, a month before Luckin, the largest coffee chain in China, made its public market debut in the United States. The Nasdaq listing raised $561 million. Further, Luckin sold 4.8 million shares of stock in a secondary stock offering in January at $42 a share, raising over $380 million in new capital.Since the fraud was uncovered, and amid a rising tide of anti-China sentiment in the U.S., the Senate passed a bill in May that could essentially ban many Chinese companies from listing their shares on U.S. exchanges, or raising money from American investors. Among other conditions, they would be subject to audits by U.S. regulators for three consecutive years. If they do not comply, they would be banned from trading on the exchanges.The problem is ... it sounds good, but it’s a really slow process,” said Stevenson-Yang. “It requires three consecutive years of non-compliance ... I think that this will not happen in time to save any U.S. investors.”She suggested that U.S. auditors should get “immediate and thorough access” to audit papers. “If they’re not given access, then the companies should immediately be delisted. Why wait three years?” On the part of investors, Stevenson-Yang said it’s “an issue that the U.S. markets should have been aware of since 2012, when we had a rash of these China Hustle companies ... that were obvious frauds, and then got exposed and delisted.” She was referring to China Hustle, a film that was made about Chinese fraud cases that unsuspecting American investors bought into. “The problem is, there’s all sorts of incentives to raise money on public markets in China, and there’s no penalty for fraud. So why should you not commit fraud in order to raise more money? There’s every incentive to do it,” she said. The coronavirus-induced economic slowdown is prompting a new wave of consolidation talk among banks in the Persian Gulf.To get more news about WikiFX, you can visit wikifx news official website. In less than a week, two potential tie-ups have been announced, adding momentum to an already unprecedented merger and acquisition spree. Saudi Arabia‘s biggest lender National Commercial Bank kicked off the most recent wave with an offer to buy rival Samba Financial Group in what could be the world’s biggest banking takeover this year. Days later, two Qatari lenders said theyd started initial talks to combine. “Banks are struggling to deliver top-line growth in an environment where low oil prices are crimping public spending and denting private-sector confidence, and where low interest rates are keeping margins in check,” said Rahul Shah, the Dubai-based head of financials equity research at Tellimer Ltd. The Saudi deal is also being driven the desire to create a regional champion and other lenders “may be forced to respond.” The region is also heavily over-banked and lenders are being compelled to do deals to remain competitive. There are more than 70 listed banks in the six-nation Gulf Cooperation Council, according to data compiled by Bloomberg, catering to a population of about 50 million people. “The economic trauma from lower oil revenues and the Covid-19 lockdowns are the catalysts for another round of consolidation in the banks,” said Hasnain Malik, the head of equity strategy at Tellimers Dubai unit. “This reduction of excess capacity has been long overdue.” Qatar, for instance, has 2.5 million people being served by about 20 local and international banks, and its second-biggest lender has less than a fifth of the assets of its the biggest bank. This leaves smaller lenders at a disadvantage unless they can find a niche or competitive edge. Higher compliance costs with the implementation of new accounting standards, rapid technological innovations, the impact of the introduction of value added tax and the need for stronger corporate governance is also adding to the costs for banks, compounding pressure on small- and medium-sized lenders to consolidate. Regional institutions are heavily reliant on government deposits, which have been dwindling in tandem with lower crude prices. More than 20 financial institutions with total assets exceeding $1 trillion were in deal talks in the region last year. But the mergers are complex, and given the large holdings held by governments, succees is highly dependent on political backing. While many discussions have started, only a handful have completed. As the U.K. prepares to reopen pubs, restaurants and hotels on July 4, the government and businesses are counting on the economy getting a big boost on the path to recovery. Its been billed as “Super Saturday,” another stage in the reopening of the country after months of virus restrictions. While recovery is slow going, indicators are heading in the right direction, and some Bank of England policy makers have sounded cautiously optimistic, saying that activity is returning faster than they had anticipated.To get more news about WikiFX, you can visit wikifx news official website. But officials from the International Monetary Fund and the OECD have warned that a V-shaped recovery is far from guaranteed. IMF Chief Economist Gita Gopinath said Wednesday that her fear is an initial spike in activity would give way to “something much more flat.” With some of the easing coming later than in other European countries, the U.K. is inevitably lagging in terms of activity. It‘s also dealing with a particularly severe outbreak of the coronavirus. Measured by both cases and number of deaths, it’s got the highest numbers in Europe, which means people may be more nervous about returning to business as usual. After months of business disruption and shutdowns, power demand is a key metric for tracking the recovery. Its now almost at levels seen a year ago. Movement is very slowly picking up, and one big concern hanging over the food and drink industry is that fresh spikes in infections force the government to wind back the new freedoms. Leicester, a city in the English Midlands, has already reimposed lockdown restrictions and closed schools and non-essential shops after a spike in cases. For now, the leisure sector is getting ready to open en masse. More than half of businesses in an industry survey expect to open by the end of the month. Most of those will open within days of July 4, desperate to get revenue coming in again after the recent hit. The reopening means about 960,000 staff are expected to return to work from furlough over the course of July, reducing dependence on the governments subsidized program. Unfortunately, with much of the industry unlikely to regain its pre-crisis level of activity for some time, job losses are inevitable. The UKHospitality survey suggests about 320,000 redundancies. That leaves many workers scrambling to find new roles in a far more competitive labor market. Its a worry for BOE Chief Economist Andy Haldane even as he said this week that the recovery is looking “so far, so V,” in terms of its shape. His colleague Jonathan Haskel also highlighted employment as a downside risk to his “glimmer of hope” about the economy. The battered retail industry provided reason for concern this week, with high profile names such as Harrods and John Lewis cutting hundreds of jobs. For now U.K. firms remain cautious about taking on new staff. Listings on hiring site Indeed are down about 60% on a the same period last year. Thats a bigger slump than in France, Germany or Italy — which have already substantially opened up their economies — and the pace of recovery is slower too. Businesses and jobseekers will both be counting on getting paying punters back through the doors again come Saturday. USDX saw the largest weekly increase in a month last week, gaining 0.54% over the whole week. Analysis pointed out that the second wave of coronavirus global outbreak boosted market risk aversion and made USD much sought after by investors, but in my opinion, the V shape rebound in US has been the main cause. On the contrary, Eurozone economy remains sluggish, while neither the EU summit or meeting between EU and UK has any good news; this weakens the euro and indirectly supports the exchange rate against dollar.To get more news about WikiFX, you can visit wikifx news official website. US economic data released last week has obviously outperformed Europe and Asian countries, both retail sales and the Philadelphia Fed's manufacturing index appeared strong. Forex traders have noticed that the Fed has little pressure to introduce negative rate and step up QE, while other central banks are still under such pressure. As expected, EU‘s 27 members still failed to reach a consensus over the €1.85 trillion financial aid program in the latest EU video conference, leaving the matter for further discussion scheduled in mid-July. Among the scheme, the €7,50 billion economic recovery fund is much likely to be opposed by the frugal member states from Northern Europe, such as Sweden, Netherlands, Austria and Denmark. Personally, I think the scheme is still unlikely to be approved during the mid-July meeting. ECB Chair Lagarde has called on EU leaders to take measures to support Eurozone economic revival, noting that European economy is in rapid decline. Meanwhile, Italy’s fiscal situation is at a precarious state with the constant delaying of the recovery fund. This casts an even more gloomy outlook over euro, while benefiting USDX. Several key US economic statistics are being released this week, and if the data looks good, it can further prove that US economy is in a V-shape rally. Notable indicators include a series of PMI and new home sales to be released on Tuesday, the durable goods order on Thursday and the weekly spotlight of Q1 GDP. As many economic statistics of UK and the Eurozone are also being released, it‘s a good idea to compare these stats and analyse the economic trends of US and Europe to see what directions they’re moving to. If EUR/USD successfully breaches downward the 1.1146 level, it is estimated that it will test the 1.1000 level. Meanwhile, supported by a weak euro, USDX is effectively challenging the major resistance levels of 98.27 and 98.645. [About The Author] Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst. Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China. EUR/USD is traded at 1.1270 and is signaling strong buyers in the short term again. Technically, the minor retreat it seems finished after another false breakdown below the 1.1200 psychological level.To get more news about WikiFX, you can visit wikifx news official website. Unfortunately, the worse than expected ADP Non-Farm Employment Change data and the Euro-zone mixed figures have sent EUR/USD higher. The ADP Non-Farm Employment Change was reported at 2369K in June, less versus the 2850K estimate. The US ISM Manufacturing PMI has increased from 43.1 points to 52.6 points, beating the 49.5 estimates, while the ISM Manufacturing Prices indicator has increased from 40.8 to 51.3 points, signaling expansion, but the better than expected data has failed to save the USD from the downside. It remains to see how the US Dollar will react after the US will publish the NFP, Unemployment Claims, Unemployment Rate, and the Average Hourly Earnings indicators. The Non-Farm Payrolls indicator is expected to increase from 2509K to 3037K in June, the Unemployment Rate could drop to 12.4%, from 13.3% in May, while the Average Hourly Earnings is expected to remain in the negative territory, it could drop by 0.8%. The USD is bearish right now, so only better than expected figures from the US will save it from the downside and will push it higher versus its rivals. The economic calendar is filled with high impact data, so maybe you should stay away from trading during these releases. The dollar drops as the USDX is trading in the red, the index flirts with the 97.00 psychological level and with the minor uptrend line, channels support. The USDX has found strong resistance right below the 61.8% Fibonacci level, failing to reach the upper median line (UML) of the major descending pitchfork. The US Dollar Index has slipped below the monthly Pivot Point (97.13) level, a valid breakdown from the minor up channel will validate a further drop, and the EUR/USD growth. Only a bullish momentum and a potential breakout above the upper median line (UML) will announce the USDs dominance and EUR/USD larger drop. EUR/USD rallies again after the last false breakdown with great separation below the 1.1200 psychological level. The price is almost to reach the upper median line (UML) again, a valid breakout will validate a further increase at least till the 1.1495 former high. The pair has passed above the monthly PP (1.1252) level signaling strong buyers, but you should remember that the upper median line (UML) represents strong dynamic resistance. Another rejection or a false breakout with a huge separation above this line will suggest selling again. Still, a significant downside movement will be validated only if EUR/USD will register a valid breakdown below the 1.1200 static support. Also, a bearish engulfing on the upper median line (UML) will signal another downside momentum. The 1.0990 and the median line (ML) are seen as potential downside targets if EUR/USD will come back and stabilize below the 1.12 level. On the other hand, a valid breakout above the upper median line (UML) will suggest buying, the 1.1495 is seen as a first target, a valid breakout above this level will signal a further increase on the medium to the long term. Rating firms in India are seeking to withdraw credit scores where issuers don‘t provide enough information to support their assessments in a move that could potentially affect nearly half the country’s ratings.To get more news about WikiFX, you can visit wikifx news official website. |