The Olympic cauldron will remain unlit and its stadium empty on Friday as the virus-triggered postponement of the Tokyo Games leaves disappointed fans wondering if its still worth holding on to tickets and hotel operators fretting over thousands of vacant rooms.To get more news about WikiFX, you can visit wikifx news official website.

Japan will still mark the day originally scheduled for the opening ceremony with a national holiday. But there will be little to celebrate amid continued uncertainty over the feasibility of a revamped staging of the Games next year.

Dylan Crain, a resident of Tampa, Florida who had tickets to attend Friday‘s opening event, said he’d be less willing to go to a Games currently rescheduled to start on July 23, 2021.

“We‘d meticulously made a timeline, set up everything and were happy with our accommodations,” said Crain, who helped plan the trip for a group of 12. “Now, rescheduling all of that, in a compressed timeline with so many people, it’s hard to justify that. Not sure everyone would even feel safe.”

The government had expected the Games to fuel a surge in overseas visitors to 40 million this year; now, it may not even reach 5 million. Spending by overseas visitors will be a fraction of the 4.8 trillion yen ($44.7 billion) in 2019, with the failed Olympic bet threatening to re-entrench Japanese firms conservative stance on investment.

“This was supposed to be the busiest time for us ever,” said Naoyuki Fukuuchi, managing director at Japan Hotel Association. “Instead, we are in a dire situation like never before.”

In a central bank survey earlier this month, sentiment among large hotel and restaurant owners nosedived to a record low of -91, the worst among any business category. Zero marks the dividing line between optimism and pessimism.A number of big hotel chains including Prince Hotels & Resorts have delayed opening new facilities. A third of the 620,000 workers in the hotel industry were still on leave as of May, according to the ministry of internal affairs. But even with staff furloughed, some hotels havent had the reserves to weather the storm.

The White Bear Family Co. and its group companies, which ran hotels and sold travel packages, filed for bankruptcy protection with 35 billion yen in debt, a record case for Japans tourism industry, according to research firm Teikoku Databank.Victor Warren, who played hockey for Canada at the 1964 Tokyo Olympic Games, had planned to attend the Games this year with a fellow Olympian from 56 years ago, John McBryde, who won a bronze medal with the Australian hockey team.

Warren, 82, is determined to attend next year, come what may. “The Games are a life-altering experience, and something one will never forget,” he said.But others have scrapped travel plans altogether. Emma Chirnside, a 29-year-old market researcher in Sydney, and her boyfriend had planned to come with another couple to root for a friend on Australia‘s womens’ water polo team.

Canada‘s AAA rating and stable outlook has been confirmed by S&P Global Ratings, which cited the country’s “ample” fiscal and monetary buffer and its diversified economy.To get more news about WikiFX, you can visit wikifx news official website.

“Canadas public finances were well positioned entering the pandemic to enable a strong policy response to contain its negative impact without weakening sovereign creditworthiness,” S&P analysts including Julia L Smith wrote in a note Wednesday.

S&P‘s rating is based partly on the expectation of an economic rebound that will shrink the country’s fiscal gap. The federal governments deficit may approach 16% of economic output this fiscal year, the largest since 1945, while the economy is on path to shrink 6.8% in 2020, the biggest drop in almost a century, according to government estimates released July 8.

“We expect the Canadian economy to recover in 2021, which will partially compensate for the loss of output this year, and continued GDP growth thereafter,” S&P analysts said. “This recovery will lead to an improvement in the governments deficit in 2021.” Read more: Canadas AAA Rating Reflects Fiscal, Monetary Flexibility: S&P

Canada and Germany are the only members of the Group of Seven retaining their AAA ratings with S&P. Moodys Investors Service also awards Canada its highest rating, while Fitch Ratings downgraded Canada in June, citing the deterioration in its public finances from the pandemic.

“We could lower the ratings over the next two years should the deterioration in the government‘s fiscal position become more severe and prolonged than we currently anticipate,” S&P said. “We could also lower the rating should a deteriorated fiscal position be accompanied by a substantial weakening in Canada’s net external position beyond our current expectations.”

Italys government approved a proposal for 25 billion euros ($29 billion) in extra spending as it battles to rescue an economy devastated by the coronavirus pandemic, the cabinet said in a statement.To get more news about WikiFX, you can visit wikifx news official website.

A cabinet meeting Wednesday evening hosted by Prime Minister Giuseppe Conte backed the demand to widen the budget deficit this year, which will go to parliament for approval. The extra money will be used to help businesses with temporary layoffs and liquidity and provide subsidies to local and regional authorities, the government said.

Read More: EUs Rescue Gives Italy a Fillip Even If Money Takes Longer

The government had already approved two stimulus packages worth a total of 75 billion euros. Italy expects to receive the biggest share of a 750 billion-euro recovery fund approved by European Union leaders this week. Conte told the Senate in Rome on Wednesday that the country will benefit from total funding of 209 billion euros in grants and loans under the package.

India's Banks Play a Risky Game as Loan Truce Ends

Indias lenders and their shareholders are playing a dangerous game of hide and seek.

Financial firms need to raise a record amount of capital, something they would like to do before the central bank‘s Covid-19 moratorium on repayment ends next month and they have to disclose a big jump in bad loans. So they have an incentive to pretend that their borrowers have become miraculously stress-free. Investors know this and are trying to ferret out bad news. Valuations are sliding, and if policy makers have a plan for rescuing this vital industry, they’re keeping it close to their chests.To get more news about WikiFX, you can visit wikifx news official website.

In March, the central bank told lenders they could stop collecting from borrowers for three months after Prime Minister Narendra Modi put a stop to most economic activity to contain the virus. Since then, the regulator has extended the timeout by another three months. But as they announce their June quarter figures, lenders are under pressure from the stock market to show how most of their customer accounts have become regular again after the lockdown was relaxed May 10.

Axis Bank Ltd. shares jumped more than 7% in Mumbai on Wednesday after it said loans under moratorium were down to 9.7% by value from 28% in May. It wants to raise $2 billion to boost its capital buffers after S&P Global Ratings cut its debt rating to junk. Non-bank financier Bajaj Finance Ltd. disclosed that a little under 16% of advances are frozen, a drop from 27% at the end of April. This improvement, however, failed to cheer investors because at least some of it came from tweaking term loans to “flexi” arrangements where borrowers only need to pay interest for one or two years. More broadly, analysts are finding it hard to swallow the sudden unfreezing, given that an average of 38% of the book for mortgage financiers and 64% for auto lenders was at a standstill in May. Customers paying just the June installment would get off the list of accounts under moratorium, “even if they have not cleared the past dues,” says Elara Securities India Pvt. Sanford C. Bernstein & Co. analyst Gautam Chhugani has identified two other strategies. The first is to simply deny deferment requests and keep auto-debiting customer accounts. The other method is to help wobbly borrowers with fresh funds, so “the underlying health of the loan won't be known for a long time until 2021,” he says.

The pandemic has given banks tools to do this. Lenders have approved $17 billion out of a $40 billion state-guaranteed small-business credit program. Media reports suggest part of the money has gone to borrowers on the condition that they repay old loans. Shadow banks, especially ones exposed to troubled property developers, are hawking new bonds. Banks can use the monetary authoritys funding-for-lending program to buy the notes. Here again, they want financiers to keep servicing existing bank debt.

At $1.4 trillion, advances by India‘s top banks and other lenders are broadly unchanged from a year earlier. While stagnation in loan growth is only to be expected in a shrinking economy, what’s also worrying is that financiers accounting for three-fifths of the credit are being judged by investors to be worth less than their assets. Its a sharp deterioration from a year ago, when 40% of institutions by total loans were trading below book value.

Investors who have just entered the investment field usually face a question: How do I analyze the foreign exchange market？To get more news about Binary option, you can visit wikifx news official website.

Analyzing the market Basically, the market can be divided into two main ways: fundamental analysis and technical analysis.There are many investors who love these two factions, and the market continues to be controversial about which set of methods can really make a profit in the market.

Lewis believes that in fact, both sets of methods have the opportunity to make a profit, but only suitable for different types of investors with different cycles. For example, most institutional corporations will do a detailed fundamental analysis of a country‘s economic situation. The country’s monetary value can be evaluated through multiple dimensions, including employment status, manufacturing performance, and fiscal deficits. The interest rate level and other items are measured, but this type of research usually requires a high degree of expertise and takes a lot of time to carry out. For ordinary retail investors, it is not flexible enough, and it has a high threshold, and it even needs a long time to invest in this market, so most investors will choose the school of technical analysis as the main core basis for market research.Lewis trading in the foreign exchange market is also based on the selection of technical analysis. Because I am an investor who believes in technical analysis and learns many analysis methods. I am very interested in the human nature behind the technical analysis, so it took six years to study, and finally organized into a set of my own operating logic in the foreign exchange market. Stable profit.
Below, I will share several analysis methods that I often use in the market for investors to use as a reference for trading.


There is a basic assumption for technical analysis: there is a stack of humanity and capital chips behind price fluctuations, so as long as humanity has not changed, technical analysis will continue to effectively predict and plan market conditions.
1. Trading Follow the Trend

Anti-Trend trading is to follow the direction of the trend. If the current trend is up, do not enter the market and reverse the operation to sell short. Instead, you should follow the market trend, find the right trading position, and follow the trend. Earn relatively large profits. For example, the commodity whose recent trend is more obvious is gold. At the time of writing (7/5), gold is still maintained at a price around 1770. The upward trend is obvious. For example, for this commodity, it is necessary to pull back. Find multiple buying points.
2. Choose the Right Pair

Through technical analysis operations, most of them are relatively short-term transactions. To be profitable, you must choose commodities with higher volatility. Investors can look for ADR (Average Daily Range) products with large daily fluctuations. Operation, for a Scalper or Swing Trader, the greater the short-term fluctuations, the greater the chance of earning an intermediate spread to profit. For example, Lewis' own frequently traded commodities are EUR/USD, GBP/USD, XAU/USD and other commodities, which are relatively large ADR currency pair commodities, so it is easier to capture the middle price difference space.
3. Choose the Correct Time-Frame

Investors with different trading styles must choose their own suitable trading time zone. Below I give two examples for your reference.

For example: you are a Scalper trader, you should not choose H4, D1 as the time zone to find the location of the trading point, but should look for the m15/m30 commonly used in short-term trading to pay attention to the trading position, so that you will get more accurate trading entry position, increasing the chance of profit.
4. Do the Right Operation at the Right Time

A successful trader must be familiar with the inertia of the market to operate.
For example, when you are in Asia Session, you must know that the volatility of the market at this time is absolutely relatively low, so it is not suitable for the use of breakthrough strategies for anti-Trend trading operations. Instead, it should adapt to the characteristics of this time period. Fluctuations are dominant, so you can use counter-trading strategies to trade.

The so-called contrarian trading means only to sell at a position near a relatively high point and to buy at a position near a relatively low point.
If you are a anti-Trend trader, it is very unsuitable to operate a breakthrough strategy in Asian trading, because the momentum at that time is not kinetic, and it is basically difficult to get out of a more obvious trend.

Since last year, advertisements of eToro have been seen frequently on Facebook and YouTube. Some have joined in it for curiosity, while other more stay alert and doubt whether its an illegal platform or not. In response to the requests of investors, WikiFX visited the licensed company eToro in Cyprus.To get more news about Binary option, you can visit wikifx news official website.


According to regulatory information, WikiFX arrived Kanika International Business Center, a mansion where eToro is located. Backed by coastal road, it enjoyed a beautiful scenery with fountains and squares at the front.　　WikiFX managed to enter the building and reached the office on the 7th floor by sightseeing lift under the guidance of floor directory.

After ringing the doorbell, WikiFX was received by a supervisor of eToro. The investigator observed that the office was neat and clean. It was equipped with over 20 office cubicles, with many employees busy working.

This visit confirms that the licensed company eToros real address in Cyprus is in line with that in regulatory information. On the WikiFX APP, eToro has received a rating of 7.62 and is currently under valid supervision. Nevertheless,WikiFX has received 10 complaints against the broker in the past three months. Thus, investors should stay alert to it when depositing.

As an information channel serving investors worldwide, WikiFX investigates the actual operating conditions of global forex brokers by visiting them at irregular intervals, so as to warn investors against illegal brokers. So far, WikiFX App has included profiles of more than 19,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions, and protecting investors fund safety in forex trading. Click here to download WikiFX App: bit.ly/wikifxIN

South Korea‘s economy slid into a recession with exports plummeting in the second quarter as the coronavirus pandemic hurt profits in some of the nation’s largest industries from automobiles to refineries.To get more news about Binary option, you can visit wikifx news official website.

While the headline reading matches the decline recorded in 2008, the BOK said in a separate statement that when counting to two decimal places, the contraction was the worst since the 1998 Asian financial crisis. This is the countrys first technical recession since 2003.

Reliant heavily on trade, South Korea took a hit as global commerce collapsed during the pandemic, with exports falling by more than 20% in April and May. Finance Minister Hong Nam-ki said Thursday that last quarter was likely the bottom of the downturn, and said the economy can rebound as the export slump eases and consumption gathers momentum.

“Korea‘s going through the largest period of contraction in its history,” said Kim Young-ick, a professor of economics at Seoul’s Sogang University. “The earliest time we can expect the economy to be fully back on track is probably the bottom half of next year.”

Some of South Korea‘s industries have managed to benefit from the pandemic, with SK Hynix Inc., the nation’s second-largest chipmaker, reporting a surge in profit on Thursday. More traditional shipments such as cars and oil products have taken a hit.

Accelerated Downturn

South Koreas economy probably peaked in the fall of 2017 and has since been losing momentum, and when the pandemic hit, the pace of downturn accelerated, BOK official Park Yang-su said Thursday at a briefing.

The BOK has slashed its interest rate to a record low of 0.5% since the coronavirus hit, supporting government efforts to shore up the economy. Governor Lee Ju-yeol said last week that the economy would probably shrink by more than the -0.2% forecast in May.


Watch: Angela Hsieh, regional economist at Barclays, discusses the prospects for South Koreas economy, which slid into a recession in the second quarter.

(Source: Bloomberg)

GDP export volumes plunged 17% from the previous quarter while imports fell 7.4%. Facilities investment fell 2.9% as companies cut spending on transportation equipment. Private and government spending both increased from the January-March period.

“We still expect exports to recover but it will be a bumpy ride,” Angela Hsieh, an economist for Barclays Bank PLC., told Bloomberg TV. Hsieh said last quarter was likely the “trough”, adding policy makers will prefer to look through the weakness and focus on reviving growth momentum in the second half.

What Bloombergs Economist Says

“Looking ahead, we expect the economy to return to growth in 3Q as global lockdowns are eased and fiscal and monetary stimulus work its way through the economy. Even so, the recovery will likely be gradual and uneven, as ongoing outbreaks overseas and still-soft activity at home remain significant challenges.

As liquidity stemming from monetary and fiscal policy remains rife, cross-asset correlations are elevated, most notably this has been evidenced by the continued strong relationship between equity and FX markets. As market volatility drifts lower, high beta currencies have taken its cue from the pick-up in equities, which has largely come to the detriment of the US Dollar. As we highlighted yesterday, the negative relationship between the US Dollar and stocks is its strongest in several years. Put simply, the longer equity markets edge higher, the longer the downtrend in the greenback.To get more news about Binary option, you can visit wikifx news official website.

Silver in the Roaring 20s, Gold looks to Record High

The precious metals complex has gone from strength to strength with a significant rally observed in silver, having hit $23 with gold eyeing $1900. While the weakness in the greenback has aided the precious metals complex, we still feel that the dominant driver has been the plunge in real yields (now at 8yr lows), which is further underscored by a firm relationship between real yields and precious metals. Source: DailyFX

Trend Continuation in Cross-Assets as Volatility Drifts Lower

A relatively quiet affair for todays session given the lack of key economic data. As such, while mounting tensions between the US and China has prompted small bouts of volatility, the absence of a material escalation will likely see cross-assets maintaining its current trend. Elsewhere, the EU and UK will provide an update on the latest round of trade negotiations. However, with UK press reports signalling that talks are at an impasse, we expect the rhetoric to remain downbeat. Although, this has yet to discourage GBP, which trades well against the USD, having hovered above 1.27 and thus keeps resistance at 1.2812 in focus. That said, we struggle to see GBP/USD moving firmly above 1.2800 unless tangible progress in trade talks have been made.

Stocks in Asia followed U.S. equities lower after an unexpected rise in American jobless claims rekindled concern a recovery in the world‘s largest economy has stalled. The dollar extended this week’s slide.To get more news about Binary option, you can visit wikifx news official website.

The first uptick in jobless claims since March comes as Congress negotiates a new relief package for millions of Americans who are set to lose enhanced benefits at the end of the month. Other worrying signs of the U.S. economy slowing added to concern that the growth in some areas will peter out.

“You have people taking the opportunity to get a little bit off the table,” Victoria Fernandez, chief market strategist at Crossmark Global Investments Inc., said on Bloomberg TV. “With initial claims moving higher this week, we need to keep an eye on the reopening plans across the country.”


Elsewhere, the yield on Italy‘s benchmark bonds fell below 1% for the first time since March amid euphoria over the Europe Union’s pandemic recovery package. Japan remains closed for a holiday Friday.

It has been over a week since the servers of World of Warcraft Classic opened, we knew that you are looking for some senior guide if you are still in it. People often say that the most common item in WOW Classic is Gold, so the players have to be dedicated to making "money", I agreed with the point very much, so an excellent guide is always to start with WOW Classic Gold farming. The quicker you figure out, the more Gold coins you can get, so jump into it: how to get free WOW Classic Gold faster?To get more news about cheap WoW Items, you can visit lootwowgold news official website.

1.Choose the most profitable profession and make basic work
The maximum level is limited to 60 in WOW Classic, which is also a tough road to go. When you are still young, you'd better try your best to make basic work, earn more XP and resources to level up until you have extra Gold, which can let you enjoy more game content.
Before that, you need to choose the most profitable profession for your characters, which is one of the quickest ways to earn Gold. Mining and Herbalism are the top two professions we recommend to you, both of which can bring huge help for your farming.2.Gather resources and sell as your level
You are always busy do countless work in WOW Classic, you can find lots of resources through it, such as leather, herbs, clothes, gems, fish, and more, all can be sold, and you can quickly take away some of them as your profession.
However, you will waste much time on it, not all effort is in vain, which can make a huge profit for you by selling them to others or the auction house. If you want to get something more valuable, it is better with some luck.
Remember not to challenges the monsters above your level, or you will lose much wealth.
3.Farm WOW Classic Gold alone or in large groups
During WOW Classic, almost every player has to experience "farming", which is the process of fighting with the enemies and getting the loot. You can solo farming or fight alongside your friends, of course, the latter can cause more XP and wealth.

The places where we see the most enemies are dungeons, which is needed to repeat. The higher your level, the more money you can earn. Get the loot, clothes, recipes, even some worthless items, all of which can be shared with your teammates. Or you can take them back to sell to the auction house in exchange for more WOW Classic Gold.
4.Search for some extra help
If you are always busy with long hours of work and family life, buying some WOW Classic Gold can improve your in-game ranking. However, you are not recommended to do so, using illegal methods to get Gold, which may cause your account being banned.