wisepowder's Blog

An investor lately asked WikiFX to verify the regulatory information and business conditions of the British broker BP Prime. In response to the trader, WikiFX decided to visit the broker BP Prime in London.To get more news about WikiFX, you can visit wikifx official website.
　　Broker introduction
　　BP Prime was founded in 2013. Headquartered in London, it has offices in Italy and China with clients across Europe, Asia and South America, providing contracts for difference of forex, commodities and crypto currencies.
Great Eastern Street, where is only 20 minutes away from the central London, has become commercialized to a great extent. Along the way, it was found that the entire street has bristled with high-grade office buildings. The investigator arrived at the building numbered 62 under the help of navigation. Does BP Prime really work here？
　　Entering the building, the investigator noticed that all the entrance, reception and floors have been refurbished. The building was accessible only by swiping its card and there were security guards around. With advance reservation, the investigator was soon received by the staff of BP Prime.

　　After getting into its office, the investigator observed that many employees were orderly working on computers, with various documents neatly stacked next to them. The overall environment was clean and comfortable as the office was also equipped with a rest area and a tearoom.
　　This visit confirms that the broker BP Prime is a real one and its business address is in line with that on the regulatory information. On the WikiFX APP, BP Prime has been rated 6.86. It is currently under valid supervision with the Straight-Through-Processing (STP) license of the FCA.
So far, as a popular APP among investors, WikiFX has included profiles of more than 20,000 forex brokers around the world while integrating forum, exposure, query, news feed and other functions.

Shinzo Abe, the longest-serving Japanese Prime Minister in history, has suddenly resigned on August 28, citing health reasons. He will remain in his post until a successor is chosen. Mr Abe said he would still participate in the parliamentary vote and would not completely withdraw from politics.To get more news about WikiFX, you can visit wikifx official website.
On September 26, 2012, Shinzo Abe was elected as the president of the Liberal Democratic Party and won the general election later on December 26 in the year. After he became the president, the Japanese yen shrank from the peak of 77.13, while after he became the Prime Minister, the country‘s currency kept slipping till June, 2015 and bottomed at 125.86. The reason is the well-known 'Abenomics', which aimed to stimulate Japan’s exports and prevent the worsening deflation by exerting a big depreciation in the value of the currency.

　　Japan‘s economy once recovered because of the Abenomics, and investors even regained confidence amid the successful Olympic bid. However, no one has ever expected that the outbreak of COVID-19 would completely destroyed the Abenomics and made Abe drained and resign from his post. After Abe announced his resignation, forex traders bought the yen aggressively as no one could anticipated who’s his successor and whether the following policy would be in line with Abes.
　　On the other hand, Japan‘s stock markets went into a tailspin on the news of August 28. With the unwinding of carry trade and the rising risk aversion, the yen appeared to be strong and popular again. Under the Japan’s uncertain political situation coupled with the continued weakness of the U.S. dollar, the yen has the opportunity to maintain its strength in the short term and challenge the two major resistance levels of 104.19 and 101.48.

3D rendering is a method of creating virtual 3D models of architectural and interior designs and transforming it into photorealistic images. When teams in architecture or interior design begin on any project, they draw 2D plans that can help them visualize the design. 3D rendering can help visualize any project in reality-like environment well before the project is initiated.To get more news about design rendering services, you can visit <b>https://www.3drenderingltd.com</b> official website.
Visualize designs before project initiation
The construction and design industry seek for value-added and high-quality services to develop projects. 3D rendering is one such value-added service that has grown with economy and technological advancement. The technology of 3D rendering is used to design interiors and exteriors for projects focused on commercial, residential, private, and government projects that require high-quality infrastructure which is supplemented by huge pools of investment.
3D rendering technology is highly useful for engineers, mechanical contractors, architects, interior designers, builders, and everyone involved in the development of a project. It uses the power of computing technology to integrate structure and design. A professional involved in interior or exterior designing of a structure can visualize the project on a virtual platform using 3D rendering using all the estimated physical dimensions and scales.
As the tool gives a view of the project well before its construction, conflicts in design and problems can be resolved well before the project is initiated. This saves a lot of expenses devoted towards construction and making changes after construction. The visualization of the project in 3D environment helps professionals examine all details keenly without the need to worry about it during or after construction. 2D plans and 3D models do not provide as much clarity as 3D photorealistic images. These services allow design professionals to overcome their shortcomings and improve performance.
Flawless and high-performance process
As architects, interior and exterior designers can refine their designs while identifying flaws and analyze how their designs work in a real-time environment. They can experiment with different colors, textures, materials, designs, and more such changes to compare designs without constructing real-life prototypes, thus saving expenses. 3D rendering helps them speed up project development, increasing project efficiency and performance. Since all errors are eliminated during the development of the model using 3D rendering, the construction process is flawless and cost-effective. 3D rendering can transform 3D models into photorealistic images to view the project like it would be in real life.
Many interior and exterior designers including architects can outsource 3D rendering to other companies that provide package services tailored to their needs like architectural rendering, exterior rendering, and interior rendering, all in 3D. Using these services, companies can draw plans, view, and analyze everything concerning a project to the infinitesimal details. As the tool provides a holistic view of the project after completion, professionals can make any number of changes to the model using the service to ensure that their model is perfect for project initiation. 3D rendering services can also be used to create digital media for publicity campaigns and displaying models for the benefit of clients and customers.
3D rendering is an error-proof and efficient process handled by professionals who understand the need of the structural and design industry. It helps designers to overcome any challenges that require compromising quality in the process of design and errors that are encountered during construction.

China's economy, as shown by multiple mid-year indicators, has ridden out its downturn due to COVID-19 strains and bounced back to growth in the second quarter (Q2). Economists believe that the country's V-shaped recovery is only getting started.To get more China economy news, you can visit shine news official website.

In Q2, China's gross domestic product expanded by 3.2 percent year on year, reversing a 6.8-percent contraction in the previous quarter. China's fiscal revenue marked the first expansion this year by gaining 3.2 percent year on year in June, while the contraction of the retail sector declined markedly. China's economy has gradually emerged from the slump and returned to the level it was roughly at prior to the outbreak, backed by the stimulation that has delivered burgeoning signs of work resumption, industrial chains and services sector," said Shao Yu, chief economist at Orient Securities.

Latest data showed that the purchasing managers' index (PMI) for China's manufacturing sector rose to 51.1 in July from 50.9 in June, remaining in expansion territory for the fifth month in a row, indicating stronger confidence of market entities. "The steadily firming recovery points to the effectiveness of China's epidemic prevention and pro-growth policies to boost production and domestic consumption," said Sheng Hai, a macro analyst with China Industrial Securities. His point was echoed by Steven Zhang, chief economist at Morgan Stanley Huaxin Securities. "China has its institutional advantages that enable a more agile and rapid response to public safety emergencies like COVID-19."

The prompt introduction and implementation of an array of measures, including higher fiscal spending, tax relief and cuts in lending rates and banks' reserve requirements to revive the economy and support employment, according to Zhang, is one of the major reasons behind the Q2 positive growth.As recent data showed that China's imports from emerging countries increased significantly, the recovery of the world's second-largest economy is expected to boost the pace of other economies' restoration, according to Zhang. In H1, China's trade with ASEAN went up 5.6 percent year on year to 2.09 trillion yuan (about 301.12 billion U.S. dollars), while that with countries along the Belt and Road (B&R) accounted for 29.5 percent of the total trade, up 0.7 percentage points year on year. Zhang said that trade between China and other parts of Asia, B&R countries and ASEAN is expected to further expand as the spillover effects will be more notable due to shorter distance and lower logistics costs.

To mitigate the impact of the COVID-19 outbreak, China has been investing heavily in infrastructure projects through local government bond issuance, which is expected to buoy demand for bulk commodities in the global market, thereby benefiting B&R countries, as major bulk commodity exporters, Zhang noted. "Such effects came in as a demonstration of the new development pattern, or 'dual circulation', proposed in last week's meeting of the Political Bureau of the Communist Party of China Central Committee, which underscores the domestic market as the mainstay while domestic and foreign markets can boost each other," said Zhang.

Merck KGaA, Darmstadt, Germany, a leading science and technology company, today announced the opening of a M LabTM Collaboration Center in Shanghai, the largest of nine centers worldwide operated by the company’s Life Science business.To get more shanghai breaking news, you can visit shine news official website.

“With the booming pharmaceutical industry in Asia and greater emphasis on novel drug therapies, we see an increase in R&D on leading-edge treatments including cell and gene therapies in China,” said Udit Batra, member of the Executive Board and CEO, Life Science business of Merck KGaA, Darmstadt, Germany. “Our M LabTM Collaboration Center offers customizable solutions and services that help bio pharmaceutical and biologics companies improve their processes from drug discovery, development to manufacturing — saving costs and increasing speed to market.

” With a total lab size of approximately 10,000m2, the newest M LabTM Collaboration Center is located in Pudong, at the heart of the biomedical sciences and research community in Shanghai. The new M LabTM Collaboration Center in Shanghai offers customizable solutions tailored for China’s Life Science community to help advance drug development. It includes Pilot Scale and Process Development support labs that offer non-GMP (Good Manufacturing Practice) lab space where pharmaceutical and biopharmaceutical manufacturers can explore ideas, learn innovative techniques and work side-by-side with the company’s scientists and engineers to solve critical process development and production challenges. Customers can participate in product demonstrations, hands-on training, formal bioprocessing educational courses and experiments, as well as apply best practices and new approaches to develop, optimize and scale-up processes and simplify global technology transfer.

Additionally, the center will host a new BioReliance® End-to-End Solutions GMP manufacturing facility offering contract development manufacturing organization services to customers in China and Asia-Pacific. As a leading innovator in the pharmaceutical and biopharmaceutical industry, the Life Science business of Merck KGaA, Darmstadt, Germany is committed to playing an active role in China’s transformation into an innovation- driven economy. Through this new center, the business will collaborate with local and regional customers to increase drug quality and safety and provide training and knowledge transfer.

China has been trying to ramp up its domestic semiconductor industry as the U.S. increases pressure on the country’s technology giants. To get more China breaking news, you can visit shine news official website.

But Beijing will face significant challenges strengthening its homegrown chip sector, analysts told CNBC. Semiconductors are extremely important components of consumer electronics. As an increasing number of devices become “smart” and connected to the internet, they will become more and more crucial in new areas, such as automobiles. That’s why China wants to be a powerful player.

However, China is also facing a situation where its companies’ access to important chip components, as well as its domestic chipmakers’ ability to procure technology to make those semiconductors, might be hampered.“So without semiconductors, China cannot be a very meaningful technological power, and its own technology companies including a major company like Huawei may not necessarily be able to maintain operation if China does not have substantial capability to actually maintain and manufacture semiconductors,” Dan Wang, technology analyst at Gavekal Dragonomics, a Beijing-based research firm, told CNBC’s “Beyond the Valley” podcast.

The trade war has exposed China’s reliance on foreign chips, the United States’ central role to the supply chain, and ultimately how complicated that supply chain is. Earlier this year, Washington amended a rule which requires foreign manufacturers using U.S. chipmaking equipment to get a license before selling semiconductors to Huawei. There is no indication that the U.S. will grant those licenses, either. While Huawei, currently the world’s largest smartphone maker, designs its own chips via a subsidiary called HiSilicon, those components are actually manufactured by Taiwanese firm TSMC.

In the process, TSMC uses chipmaking gear that is made by American firms. So Huawei will be cut off from TSMC’s chips after September 15 and has very few options globally to procure more, because of U.S. sanctions. The U.S. government is also considering whether to add Semiconductor Manufacturing International Corp (SMIC), China’s biggest contract chipmaker, to a blacklist known as the Entity List. That would restrict American firms exporting technology to the company. In effect, SMIC may not be able to get access to the gear it needs to make more advanced chips. Its technology is already several years behind TSMC and South Korea’s Samsung Electronics.

CEIBS is located in Shanghai. The MBA program taught in English takes 18 months to complete. However, there is a 12-month option of you will be returning to your business, company or you are planning to start a business after graduation. The program is aimed at teaching leadership and professional skills to students so that they can prosper in the business world no matter where they are. Tuition fee for the whole program is RMB 428,000 ($64,000 USD).To get more news about MBA college in China, you can visit acem.sjtu.edu.cn official website.

CEIBS introduced a pre-MBA program to enable students to get a taste of studying MBA at CEIBS. It gives students experience both inside and outside campus. The MBA program at CKGSB is aimed a imparting in-depth knowledge of China and helping students get grounded in Western business practices. The campus of the English-taught MBA is located in Beijing city. Fudan University School of Management together with MIT Sloan School collaborated to offer students an international MBA program taught in English.

The main aim of the full-time program in shanghai is to help students have the spirit of entrepreneurship and gain an international perspective to China’s business industry as well as the world’s business industry. The international MBA program taught in English is aimed at helping students gain a global perspective of the business world while focusing on China.

Foreign professors along with student exchange programs contribute to this. The international MBA program in Beijing is aimed at molding students to become international business leaders. They will learn how to identify business opportunities and solve problems effectively in the business world. In order to help undergraduate students to advance their business careers to a global level while still maintaining their focus on China.

WTI crude reported the largest one-day fall in three months on Wednesday, bottoming at $41.23 from the high level of $43.20. Oil prices have rebounded back overnight after breaching below the key support of $41.30, and are consolidating above $41.30 now.To get more news about WikiFX, you can visit wikifx official website.
　　The rally of the U.S. dollar index will become one of the important factors affecting oil prices. Meanwhile, the ADP said on Wednesday that the U.S. economy added 428,000 jobs in August. As the third largest increase of all time, it indicates that the U.S. economy is generally optimistic in the month.


　　Accounting for three-quarters of the U.S. economy, the service sector will embrace its data for August today, including the Markit's final reading of the Services PMI and the ISM non-manufacturing PMI. In addition, the non-farm payrolls for August will be published tomorrow. The overall markets, including the crude oil markets, are expected to suffer wild swings due to the data.
　　On the other hand, the EIA reported that the country's production of crude oil has reached a record low for the week ending August 28. At the same time, oil prices may be hampered as the market expectations that refineries will soon be shut down for equipment maintenance may further weaken the demand for oil and gasoline.
　　According to the daily chart, oil prices are consolidating around the level of $41.30 and expected to further test this key support in the short term, where a breach below may extend downside to $34.50 in the medium term. However, if oil prices stay constructive above the level, there is room for upside to challenge the resistance zone of $44.0-45.0.

AUD/USD remains on the back foot after posting the biggest losses in a month. The aussie pair begins the key trading day, comprising the US employment data, while keeping the recent 0.7265-82 range, currently around 0.7275, at the start of Friday's Asian session. The pair's declines are mostly attributed to the US dollar's sustained pullback from the multi-month low, followed by a slump in the Wall Street benchmarks. Also weighing the quote could be worried concerning the US stimulus and escalating Sino-American tension.To get more news about WikiFX, you can visit wikifx official website.
　　After loosing +140 pips so far during September, AUD/USD questions the bulls to reassess their bets. Though, the previous five-month rally from the sub-0.6000 area terms the recent declines as a mere consolidation than anything else.


Even so, market players need to be cautious as the US Dollar Index (DXY) probes a three-week-old resistance line following its U-turn from a 28-month low. The greenback gauge respects the market's rush to risk-safety amid uncertainty over the American stimulus and escalating US-China tension. Also favoring the US currency could be the Fed policymakers' clears view of keeping the monetary policy easy and without doubt, unlike others on the line that still lack directions.
　　It's worth mentioning that the US Jobless Claims and the activity numbers were also less harmful on Thursday. The same reversed fears of a heavy disappointment from today's Nonfarm Payrolls (NFP) after Wednesday's ADP data slipped below marked consensus of 950K to 428K.
　　Elsewhere, China's Global Times (GT) recently threatened the US to cut its American debt holdings after the Trump administration announced extra hardships for Beijing diplomats. One should know that China is the world's second-largest holder of US debt.
　　Against this backdrop, Wall Street benchmarks witness the sea of red led by the Nasdaq's 5.0% losses and 1.5 basis points of the US 10-year Treasury yields.

At the time of writing, EUR/USD is traded lower at 1.1905 versus 1.2012 yesterdays high. It has registered a false breakout with great separation above the near-term resistance levels, so we cannot exclude a temporary decline.To get more news about WikiFX, you can visit wikifx official website.
　　Still, a down reversal is far from being confirmed, yesterday‘s pin bar (reversal candle) could be invalidated by a strong bullish candle today. USD recovered after the ISM Manufacturing PMI indicator was released. August’s ISM Manufacturing index increased more than expected to 56.0 points signaling further expansion.
　　The US is to release the ADP Non-Farm Employment Change later today. The indicator is expected around 1250K jobs in August, versus 167K in July. Moreover, Factory Orders could rose by 6.0% and could support the USDs rebound.


EUR/USD failed to close above the second warning line (WL2), and above the confluence area formed at the intersection between 1.2000 level with the upside line of the up channel. A bearish closure today would announce a potential further drop towards 1.18 psychological level.
　　The pair remains trapped within the minor up channel. RSI indicates a bearish divergence according to the Daily chart, but only a valid breakdown from this channel and below 1.18 will suggest selling.
　　EUR/USD turned to the downside as the USDX has bounced back since yesterday. You should be careful because some poor data reported by the ADP Non-Farm Employment Change could ruin the bearish scenario.
　　This could be a crucial week for the USD, the Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings, and the ISM Non-Manufacturing PMI data will be decisive and will give us a clear direction.
　　A valid breakout above the second warning line (WL2) after the release of these high impact economic indicators will suggest buying as EUR/USD should resume its upside movement. On the other hand, a valid breakout below the channels downside line and below 1.18 could announce a strong corrective phase.
　　Technically, a drop below 1.17 level could validate a bearish reversal, while a breakout of 1.2 brings another long opportunity.