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Euro Slips as ECB Maintains Dovish Stance



The euro slipped against the dollar Thursday as the European Central Bank indicated it was in no rush to taper its emergency bond purchases despite optimism over a strong recovery.To get more news about WikiFX, you can visit wikifx.com official website.

  The European Central Bank, as widely expected, left its benchmark rate at 0.00% and said it would stick with plans to accelerate emergency bond purchases until March 2022 in a bid to keep bond yields steady.

  “[T]he Governing Council expects purchases under the PEPP over the current quarter to continue to be conducted at a significantly higher pace than during the first months of the year,” the ECB said in a monetary policy statement.

  President of the bank Christine Lagarde was also quick to downplay any notion the central bank would look at tapering bond purchases, saying it was “simply premature,” and adding that any changes to the program would be “data-dependent.”

  The dovish stance from the ECB comes even as the central bank expressed optimism over the recovery as the bloc gets its vaccine rollout back on track.

  “Looking ahead, progress with vaccination campaigns and the envisaged gradual relaxation of containment measures underpin the expectation of a firm rebound in economic activity in the course of 2021,” Lagarde said.

  Following the meeting, analysts talked up the prospect of further climb in the euro on expectations that most of the bad news has been priced in.

  “The EUR/USD uptrend which started this month should remain in place,” ING said. “Plenty of bad news has now been priced into the euro, the currency has been trading with a persistent risk premium over the past few months and despite the recent rise, EUR/USD still screens cheap based on our short-term financial fair value model (by around 1.5%).”

Bitcoin Sinks as US Capital Gains Tax Proposal Injects Fear Into Crypto Market

Bitcoin is pushing lower as tax-related fears weigh on the cryptocurrency, with BTC on track to record its worst week since early February. The move lower was sparked by reports that President Joe Biden is set to announce a raise on the capital gains tax rate for wealthy investors. Given BTC/USDs massive rise through recent years, traders are likely anxious to sell now and secure their profits at the current capital gains rate.To get more news about WikiFX, you can visit wikifx.com official website.

  The high-flying assets decline was joined with a drop on Wall Street Thursday – likely owing to the same catalyst. That said, the price drop may further spill into the broader market and punish overall sentiment. The most susceptible among those assets likely being other high-beta stocks and currencies, especially risk-sensitive ones such as the Australian Dollar and New Zealand Dollars.

  Bitcoins psychologically important 50,000 level may be key to near-term price direction. A decisive breach lower would likely open the door for further selling. On the other hand, if bulls manage to defend the level overnight, it may inspire confidence in the longer-term bull narrative and help price recovery. The Relative Strength Index (RSI) is nearly in oversold territory, while MACD continues to weaken.

Are Gold Bulls Back in the Driver's Seat?



Its been a long eight months for Gold bulls. The yellow metal topped-out on August 7th of last year, fresh on the heels of a meteoric run helped along by some loose yet aggressive Central Bank policy. Gold prices moved into deep overbought states but just continued to push, taking out the 2k psychological level for the first time ever and soon setting a fresh all-time-high at $2,075.To get more news about WikiFX, you can visit wikifx.com official website.

  But, the same day of that new all-time-high also saw the build of a bearish engulfing candlestick on the Daily chart. And as weird as it felt, when penning the forecast for that weekend I highlighted the fact that a pullback may finally be brewing given the read of that bearish engulf.

  And now here we are, eight months later, and that high from last year seems a distant water mark. In the time since, that pullback in Gold started to take on the form of a reversal, with some aggressive short-term price action showing as Gold prices pushed lower. But, as I discussed a couple of weeks ago, with some perspective, that eight months of pullback/coiling can be qualified as a corrective move in what may be a bigger-picture, longer-term trend.

  On the below weekly chart, I‘m focusing in on that pullback, and notice how it’s so far taken on the form of a bull flag formation, which would also point to the possibility of longer-term bullish behavior here.As looked at a couple of weeks ago, that tide started to show signs of turning when March price action saw the build of a potential double bottom formation.

  A double bottom can be approached with the aim of bullish reversals, driven by the premise that the low price of rejection may lead to a further influx of bullish price action. These formations are often followed by looking for a breach of the neckline, or the high price between the two low prints, in the effort of looking for a bullish reversal.

  That‘s what’s shown so far with Gold prices breaching above the neckline of the formation, and continuing to push towards the 1800 psychological level.Now that Gold prices have put in a bit of strength to fill in that double bottom, the big question is whether bulls can continue the move to create a new near-term trend.

  On the below chart, I‘ve added a Fibonacci retracement over the pullback move, spanning from last August’s high down to the recent March low. Yesterdays support showed up around the 23.6% retracement of that move, and the neckline from the double bottom remains in-play for higher-low support potential.

How to Control Your Trading Emotions and Staying Focused


Trading is challenging enough without the extra baggage that comes from negative emotions. So, it is paramount that we not only try to neutralize the negative emotions during our trading, but in addition we should strive to develop positive emotions that will help build a winning mindset.To get more news about WikiFX, you can visit wikifx.com official website.

  Developing Positive Emotions

  Here are some positive emotions that you should work on that will help you improve your trading process:

  Think Positive – Every action begins with a thought. Think Positive and you will attract positive energy. This is the law of the universe. You must believe in yourself and in this tenet to build a positive trading psychology. Remember, the glass is always half full not half empty.

  Be Patient – Good things come to those who wait. This is especially true in trading. Do not chase a trade. Instead learn to sit back and let the trade come to you. And if you miss the trade, then so be it, but you will have the satisfaction of knowing you did the right thing. And that is what will pay off in the long run.

  Be Thankful – The market is making itself available to you to generate profits. Be thankful of that. Know that the market exists to facilitate trade for you. So regardless of a winning or losing trade, just be thankful of the opportunities that the market is providing for you daily.

  Feel Inspired – No doubt that trading is one of the toughest professions out there, but there is light at the end of the tunnel. Challenge yourself to tackling the market, regardless of how long it takes. You believe in yourself and your confidence in becoming a consistent trader.

  Be Passionate – Remember, if you love what you do, you will never work a day in your life. Be passionate about the market. Take in everything, not because you simply want to turn a profit, but because you truly love the markets and trading.

  Be Persistent – A string of losses is natural. It happens to world renown traders, and it will happen to you. A loss is nothing more than the cost of doing business. You either win on a trade, or learn a valuable lesson. Keep at it, and know there are no shortcuts. It takes a minimum of 10,000 hours to master any craft. Trading is no different.

  Visualize – Every morning you can train your mind. You should visualize the trading day, imagining the setups you will take and the process that you will follow in executing the trade. You go thru each stage of the trade in your mind and feel confident that you will calmly and methodically do the same during the live trading session.There are countless reasons why you should have a trading plan, not least of which is because it will help you to stay better focused and disciplined. A good trading plan by its very nature helps to reduce the negative emotions associated with trading because it acts as a predefined guide or action plan for events both foreseen and unforeseen.

  With a well-constructed trading plan, you will not be caught like a deer in the headlights, paralyzed to act. Instead you will know exactly what needs to be done regardless of market conditions.

  So, what are some of the important questions that need to be answered within you trading plan? Here are some questions that you should address:

NZD/USD May Continue Lower as Biden’s Capital Gains Tax Plan Hammers Sentiment



Asia-Pacific markets performed well overall on Thursday, but the same fortune may not extend into the close of the week after a downbeat session on Wall Street. Bloomberg reported that President Joe Biden is set to nearly double the capital gains tax rate to 39.6% for Americans earning over $1 million. Major US indexes fell, with tech stocks leading the way lower. The Nasdaq 100 index dropped 1.24%.To get more news about WikiFX, you can visit wikifx.com official website.

  Elsewhere, the safe-haven US Dollar caught a bid, with the DXY index seeing a modest rise. In line with the overall theme of risk aversion, Treasuries caught a bid across the curve. The 10-year yield fell over 1%, while the 30-year sank just over 1.5%. The Biden administration is expected to release further details on the tax plan in the coming weeks.

  A higher tax rate on investments in the future would likely encourage some investors to lock in gains, securing the current lower rate. While it is impossible to forecast just how big of an impact this could have -- especially considering the runup in US equities over the past few years – it will certainly be a headwind for markets, how much is unknown for now, however.

  Hong Kongs Hang Seng Index (HSI) closed 0.47% higher on Thursday, although futures look bleak before the open. The broad risk-off tone was witnessed in the Australian Dollar and New Zealand Dollar as well. Australia reported manufacturing PMI for April, which crossed the wires at 59.6. Japan will report inflation figures this morning, and then Thailand will follow later in the day with trade data for March.  The New Zealand Dollars post Descending Wedge breakout appears to be coming to a possible end, with the psychologically imposing 0.7200 level putting up a solid defense over the past few days. Now, NZD/USD is moving lower and may break below its 50-day Simple Moving Average (SMA), which could put more weight on the currency pair. If so, price may fall rapidly, perhaps to the 0.7000 mark.

Data shows traders rushed to buy altcoins during Bitcoin’s dip to $50K



Bitcoin price may be stuck in a rut but this hasn't stopped traders from loading up on LINK, BAND and Qtum.To get more news about WikiFX, you can visit wikifx.com official website.

  Bitcoins (BTC) recent downturn temporarily pulled its dominance rate down to 49.5% which is the lowest level since August 2018. This has led a growing number of traders to predict that altcoins will outperform Bitcoin in the short term.

  Over the past few months, the price action from altcoins seems to be disengaging from Bitcoin. Take for example, Ether (ETH), which hit a new all-time high today even as Bitcoin price is down 20% from its all-time high.The major factor that could have tilted the scale in favor of altcoins is the massive rise in the popularity of the decentralized finance space. New York Stock Exchange president Thomas Farley pointed out in an interview with CNBC that “DeFi exchanges are doing as much volume if not more than Coinbase today.”

  Lets look at the fundamentals and technicals of three tokens that have been on the rise in the past few months.

LINK/USDT
  Chainlink (LINK) is one of the most popular decentralized oracle solutions. To support the rapid pace of innovation in the crypto industry, Chainlink outlined its vision for the future in its new whitepaper dubbed Chainlink 2.0 on April 15.

  The whitepaper presents a new architecture for building hybrid smart contracts where second-layer networks called Decentralized Oracle Networks store and compute the data off-chain before feeding the input on the blockchain. This new concept could empower developers to build hybrid smart contracts quickly, similar to application programming interfaces (APIs) that developers build in the web world.

  Another positive for LINK investors came as Grayscale announced the addition of the altcoin to its Digital Large Cap Fund on April 6. Although the allocation is only 0.87%, the inclusion could bring it into the focus of institutional investors.

  On April 2 Polkadot and Chainlink announced that Chainlinks price feeds woul be available as Substrate oracle pallet, enabling projects in the Polkadot ecosystem to integrate Chainlink oracles through a simplified library.

  LINK is currently correcting from its sharp rise from $23.61 on March 24 to the all-time high at $44.33 on April 15. Although the price plunged below the moving averages on April 18, the bulls aggressively bought at lower levels as seen from the long tail on the days candlestick.Since then, the bears and the bulls have been battling it out at the 20-day exponential moving average ($35.89). The bulls are attempting to defend the 20-day EMA support and launch the next leg of the up-move while the bears are trying to extend the correction by breaking the support.

  The marginally rising 20-day EMA and the relative strength index (RSI) above 57 indicate a minor advantage to the buyers. If the bulls can push and sustain the price above $40, the LINK/USDT pair could retest $44.33. A breakout of this resistance could start the next leg of the uptrend, which could reach $50 and then $55.72.

  This bullish view will invalidate if the bears sink and sustain the price below the 20-day EMA. Such a move could pull the price down to the 50-day simple moving average ($31.42) and delay the start of the next leg of the uptrend.

BAND/USDT
  Band Protocol (BAND) was featured by Cointelegraph on Feb. 2 when its price was at $11.14. Since then the price h rallied to an all-time high at $23.30 on April 15, a gain of 109% in about two and half months.

  The protocol announced on April 15 that its oracle data is live on Google Cloud Public Data, which can be used to build traditional, hybrid blockchain and cloud applications. Band said that the integration into Google Cloud Public Data was the first among many use-cases being explored with partners “to bridge traditional enterprises and blockchain applications.”

  Band has continued to build partnerships to increase its market share. In the past month, it has announced partnerships with Krystal, Equilibrium, and Polygon. Additionally, one of the biggest financial institutions in Thailand, SCB 10X partneredwith Band as a node validator.

  BAND is currently trading inside a large range between $11.50 and $20.62. The bulls had pushed the price above the overhead resistance of the range on April 15 and 16 but they could not build up on the breakout.

The Top 5 Most Promising DeFi Staking Opportunities of 2021



DeFi has become extremely deep-rooted as an established breakthrough to a crippling economy. The opportunities that the present DeFi landscape offers to participants are undeniably profound. The space has, without a doubt, accelerated wealth creation among the masses. And one of the strongest contributing mechanisms that serve as proof that DeFi has completely reformed the financial system is Staking.To get more news about WikiFX, you can visit wikifx.com official website.

  When earlier, people settled for the meager returns as interests on their capital holdings. The advent of DeFi staking now allows users to bank the unbanked quite literally. It is now possible to yield solid returns merely by holding your crypto and without performing any trades or transactions. The prospect must have felt like a technical impossibility a few years ago; it is now one of the most fundamental reasons behind the meteoric rise of DeFi.

The Top 5 Most Promising Staking Opportunities in 2021
  In recent months, there has been an influx of projects that offer numerous staking opportunities with their own set rewards. However, there are specific DeFi protocols that stand out the most. These protocols not only represent the highest potential behind Staking in its present form. But allows us a glimpse of a future where Staking becomes a flourishing and sustainable channel of passive income for users.

  Synthetix

  Synthetix is a decentralized exchange and decentralized platform that allows for the trading and issuance of synthetic assets. Meaning specific digital assets that share similarities with or represent other real-world assets, including fiat currencies, cryptocurrencies, commodities, and share.

  Synthetic Network Token or SNX is the utility token of the Synthetix network and plays a key role in the creation of synthetic assets, called the synths. The synth tokens, on the other hand, are synthetic assets that can represent the price of real-world assets. The Synthetix ecosystem offers users many mechanisms for revenue generation, including the ability to stake SNX tokens.

  When users stake SNX tokens, their deposits are clocked automatically, and rewards are generated on the performance trading fees. Users can go one step further and participate in the inflationary nature of the SNX token. Currently, Synthetix offers a staking reward of 32.68% to its users.

  Nimbus

  Nimbus is a DAO-governed platform that combines time-honored traditional tools with the best advantages of DeFi. Nimbus has been around in the blockchain industry since 2019. However, recently, the platform transitioned into a true DeFi ecosystem that offers over 15 Revenue Streams generated by their pools and dApps. For an ecosystem offering so many complex value-based functionalities, Nimbus makes things extremely simple and user-friendly for its users.

  Take, for instance, one of their functionalities – the Nimbus Staking for their NBU token. The great thing is, they offer 3 staking options with 10-40% APY that cater to different users. But the APYs will remain that high only until May 24, 2021, so users have to hurry up! Moreover, there are no minimum staking sum requirements so everyone can participate.

  Also, there has been a lot of buzz regarding Nimbuss P2P Exchange functionality, Lending-Borrowing dApp, and the expansion on Binance Smart Chain. It will undoubtedly be quite exciting to see where the upcoming events steer the Nimbus platform in the market. For now, things look extremely promising.

  Mirror Protocol

  Mirror Protocol is another DeFi project powered by the Terra network that enables the creation of synthetic assets called mAssets or mirrored assets. The protocol aims to follow the price pattern of a fiat asset, thereby offering traders an open price exposure. This means, when interacting with Mirror Protocol, users dont have to deal with the process of owning or transacting in fiat assets.

  Besides mAssets, the Mirror Protocol also has a native token called MIR or Mirror Token. The protocol allows its liquidity providers to stake their LP tokens or MIR to receive staking rewards. Currently, Mirror Protocol offers a staking reward of up to 16.75% to its liquidity providers.

Progressive Die Stamping of a Steel Bracket Assembly


Perfection Spring & Stamping Corp. was contracted to manufacture a large series of steel bracket assemblies for the automotive industry. This bracket assembly consisted of three mounting legs per component and a cover bracket that was originally die casted. Through prototyping and development testing, our team of engineers established that this expensive die casting process could be replaced with drawn metal stamping operations. This solution provided better product at considerable cost savings!To get more news about progressive die stamping, you can visit tenral.com official website.

Offering a more stable metal forming procedure, drawn metal stamping eliminated the need for other secondary operations and fasteners. Moreover, with the ability to maintain tighter tolerances - as well as provide better transfer of heat in extreme temperatures to meet the customer's RFI/EMI requirements - this process yielded a higher quality product. Additionally, the progressive die replaced the need for expensive maintenance costs associated with die cast tooling. When the results were tabulated, this solution generated an annual cost savings equal to $200,000 per year over the five-year program, providing our customer with a total savings of $1,000,000.

Best PvP Classes in World of Warcraft Shadowlands


World of Warcraft‘s latest Shadowlands expansion brings tons of new changes to the MMORPG we’ve all come to know and love. There are now more classes than ever to choose from and dozens of specializations to check out. If you want the quick and easy version of the best choices for PvP, we got you covered. Here’s a look at the best PvP classes in World of Warcraft Shadowlands, broken out by melee DPS, ranged DPS, and healers.To get more news about buy wow classic gold, you can visit lootwowgold official website.

It’s essential to know that every class can be viable in Shadowlands. If you see a class you like to play, and it’s low on the list, that doesn’t mean it’s useless. We’re mostly basing these tier lists and our determination of “best PvP classes in World of Warcraft Shadowlands” off of the arena leaderboards and what most people are playing at the moment. Different builds will climb and fall as the game progresses and as updates release.

Below you can find our tier lists of best PvP classes in World of Warcraft Shadowlands by melee DPS, ranged DPS, and healers. The underplayed category represents specs that aren’t all too common in PvP, but that may change in future patches.

Arms Warriors are certainly one of the best melee DPS classes in WoW Shadowlands. The class has consistent damage and tons of utility, making it one of the most challenging and durable characters to face. Between disarm, fear, banner, spell reflects, and other moves, they have an answer to everything.

Another great melee DPS class for PvP is the Windwalker Monk. While it’s a bit easier to kill than the Arms Warrior, it’s nearly impossible to lock them down to a single position. Additionally, this spec can pump out some massive consistent damage, especially with the Kyrian covenant, for quicker cooldown recovery.The Fire Mage is a ranged DPS class gaining a lot of attention around this time in Shadowlands PvP. Between Triune Wards, potency conduits, and the new crit modifier behavior, they are not only hard to take down, but they can dish out some considerable damage.

Another class that jumped to the top of the list after the beta is the Balance Druid. Convoke is incredibly overpowered right now, so we’ll likely see a nerf incoming at some point. Balance Druids have incredible damage with Starsurge, but they are also difficult to kill.

One S-Tier ranged DPS that remains strong is the Shadow Priest. They can pump the high damage numbers on demand and instantly crowd-control you. Given their instantaneous moves and their survivability, they are a nightmare to face. They also provide some excellent utility for a lot of team compositions. Unlike Balance Druids, Shadow Priests are fairly well-rounded and make a great addition to many different comps.

Where to get Chronoboon Displacer in WoW Classic


Blizzard introduced a new item to World of Warcraft Classic in April 2021 to solve the raid logging problem. The Chronoboon Displacer is an innovative way for players to preserve their world buffs. If you want to know how it works and where to buy it, we’ll explain everything you need to know below. Here’s where to get the Chronoboon Displacer in WoW Classic and a rundown on how it works.To get more news about buy wow gold eu, you can visit lootwowgold official website.

Chronboon Displacer is a purchasable item from Chromie at the Ruins of Andorhal in Western Plaguelands. After completing the required quest chain, you can purchase any number of Chronboon Displacers from Chromie for ten gold each.

Chromie’s exact coordinates are 39.4, 66.8 in Western Plaguelands, found upstairs at the inn on the first room on the right. Chromie is actually Chronormu in disguise, a member of Nozodrmu’s Bronze Dragon Flight.The Chronboon Displacer is an item that players can use in World of Warcraft Classic to preserve their world buffs. Blizzard introduced it into the game in phase 6 with the idea of solving the raid logging issue. Since vanilla World of Warcraft, players in raiding guilds often get full world buffs before their scheduled raid. The problem is that most of these buffs only last between one to two hours. Logging off immediately after getting buffs makes sense if you want to preserve them and maintain maximum uptime. Therefore, people tend to get their buffs and log off their characters until it’s time to raid. That’s raid logging in a nutshell.

On use, the Chronoboon Displacer alters the fabric of time, suspending beneficial world effects from dragonslaying, Dire Maul, Zul’Gurub, and Felwood. Essentially, it stores all your active world buffs in a device for later use. Players can then play the game without fear of losing their buffs. It has a six-second cast time and creates a Supercharged Chronoboon Displacer, which stores all your buffs. While Supercharged, the item puts another buff on you that prevents you from obtaining another one of the same variety. You can hover over the new buff to see the stored ones and their remaining time.
You can right-click the Supercharged Chronoboon Displacer in your inventory to get your buffs back at any time and destroy the Displacer. The regular Chronoboon Displacer or Supercharged variation goes on a one-hour cooldown upon use, including offline time. It’s also one-time use, so you’ll need to get one every time you want to preserve world buffs. The unique solution brings min-maxing to a new level while also eliminating many stresses associated with world buffing.

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