The CM stated that as per guidelines of the centre, 3.6 lakh healthcare workers will be the first priority in getting the vaccination IEA December Market Report The understandable euphoria around the start of vaccination programmes partly explains higher prices but it will be several months before we reach a critical mass of vaccinated, economically active people and thus see an impact on oil demand. In the meantime, the end of year holiday season will soon be upon […] /PRNewswire/ — Recent calculations clearly document that the dominant crypto trading platforms are up to 13 times more expensive for active crypto traders to… Welcome to Tuesday! And good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
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VIJAYAWADA: Chief Minister Y. S. Jagan Mohan Reddy announced in State Legislative Assembly on Friday that Andhra Pradesh is getting ready to vaccinate one crore people against Coronavirus in three months, as the central government has indicated that it will release one crore doses of vaccine to AP in the first phase.
Replying to a discussion in assembly on Covid-19 and other health initiatives being taken up by the state government, the CM stated that as per guidelines of the centre, 3.6 lakh healthcare workers will be the first priority in getting the vaccination, followed by 7 lakh frontline staff of other departments and 90 lakh aged persons above 50 years of age. Accordingly, he said, the Health Department is gearing up for the vaccination programme.
The Chief Minister announced that nearly 4,065 cold chain facilities will be storing the vaccine at a temperature of between 2–8 degrees Celsius. Government has kept 29 refrigerated vehicles ready for transporting the vaccine, which will be administered to the one crore population by 19,000 ANMs. He asked health authorities to train Asha workers too about how the vaccine is to be injected into people.
Jagan Mohan Reddy said AP has a population of six crore. Until all people are vaccinated, he advised people to remain compliant with the requisite precautionary measures, like wearing face mask, maintaining social distance, washing hands with sanitisers and protecting oneself from getting infected with Coronavirus.
A state-level steering committee headed by the chief secretary and task forces at state, district and mandal levels are being set up to implement and monitor the vaccination programme in compliance with the stipulated Standard Operating Procedures.
Referring to the spike in number of Covid-19 positive cases due to prevalence of cold weather conditions, the CM pointed out that countries like the UK, France, Italy and states, such as New Delhi, Gujarat, Rajasthan and Madhya Pradesh are witnessing this phenomenon.
The CM dwelt at length on how infrastructure was skeletal in hospitals of the state when Coronavirus started spreading in March 2019. Not a single lab was available to conduct Covid-19 test in the early days. Since then, the state government has set up 150 labs and has conducted 1.02 crore tests so far. Andhra Pradesh stood first in the country by conducting 1,91,568 tests per one million population. Coronavirus positive rate has been brought down to 8.51 percent on an average from the earlier 16 percent. Rate of fatalities has been reduced to 0.81 percent from the earlier 1.46 percent by providing all requisite health care to virus-infected persons.
The Chief Minister pointed out that even now, a set of six doses of Remdesivir injections are available at each of the Covid-19 hospitals, besides 17,000 Tocilizumab injections at all district headquarter hospitals in the state for treating infected patients.
CM Jagan announced revamp of the entire health infrastructure in the state, besides setting up 16 new medical colleges in addition to the existing 11 colleges in AP at a cost of Rs. 16,000 crore in the next three years.
Weekly Round-up – December 16, 2020
IEA December Market Report
Time’s Up For Your Tank?
China to sell 80 MM internal combustion engines per year over next five years
New Attacks On Saudi Oil Infrastructure Renew Fears Of Gulf Instability
Dominant Trading Platforms Charge Traders Up to 13 Times More Than CPH Crypto
COPENHAGEN, Denmark, Dec. 16, 2020 /PRNewswire/ — Recent calculations clearly document that the dominant crypto trading platforms are up to 13 times more expensive for active crypto traders to use than the new Scandinavian exchange CPH Crypto.
Every swing trader, day trader and scalper in the crypto market knows the importance of trading fees and how those fees often make it extremely difficult to pursue trading strategies based on high-frequency trading. It’s commonly known among traders that cost simply kills profit.
Lack of competition and transparency prevents traders to profit. The problem is simple: Up until now, the competition on fees in the crypto trading market has been virtually absent, and the dominant trading platforms have been able to charge exorbitant transaction fees and get away with opaque pricing structures, which has made it extremely difficult for customers to figure out what they are actually paying in total for the services they are using.
The reason for the problem is immaturity in the crypto market. Going back twenty years, the traditional stock, bond and FX market was on the same stage of development as the crypto market is today, and similar to the crypto market, the traditional market was dominated by few very big players that were able to charge very high prices because of lack of competition and transparency.
Immediate Disruption of Fee Structures
“Eventually new players entered the market and started to disrupt the dominant players’ pricing models and drive down prices. And today, trading fees on traditional products are only fractions of the level we see in the current crypto market,”
says CEO Jan Andersen, CPH Crypto, and continues:
“Our team knows this because we have our roots in the old trading world. And our declared mission is to disrupt the dominant crypto players by offering our clients fees that are way below the fees of these players. The history evidently repeats itself, only this time traders should not have to wait twenty years before the fees are down to a reasonable level. CPH Crypto has decided to drive down the fees immediately.”
Watch out for Hidden Fees
To obtain a complete view of a particular broker’s or exchange’s trading fees, you need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.
Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – which enables them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.
Extreme Price Differences up to 1,249%
In order to prove the extreme differences in fees between CPH Crypto and four globally dominant trading platforms, CPH Crypto has conducted a line of price comparison based on concrete examples. The examples are based on one month of crypto trading volume of respectively 1,000 USD, 10,000 USD, 200,000 USD and 500,000 USD. In summary the results of the comparisons are:
By 1,000 USD Per Month
By 10,000 USD Per Month
By 200,000 USD Per Month
By 500,000 USD Per Month
(Numbers collected in Q2, 2020. Please see this page for more information)
“All-in-one” Fixed Fee. Unlimited Trading for 39 USD/Month
According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed “all-in-one” fee of only 39 USD/month for unlimited trading or a commission of only 0.04 pct. per transaction for single trading.
To learn more, visit the CPH Crypto website: https://cphcrypto.com
Media Contact Details
Contact Name: Jan Andersen
Contact Number: +45 4060 3239
Contact Email: [email protected]
CPH Crypto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.
SOURCE CPH Crypto
Author: CPH Crypto
Trade ideas thread – Tuesday 15 December 2020
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Here’s How Your Trade NIKE Inc. (NKE) Aggressively Right Now
NIKE Inc. (NYSE:NKE) went up by 2.28% from its latest closing price compared to the recent 1-year high of $140.57. The company’s stock price has collected 0.19% of gains in the last five trading sessions. Barron’s reported 9 hours ago that The Next Big Thing May Be Catering to Our Rapidly Aging Population
NIKE Inc. (NYSE:NKE) scored a price-to-earnings ratio above its average ratio, recording 83.17 x from its present earnings ratio. Plus, the 36-month beta value for NKE is at 0.83. Opinions of the stock are interesting as 27 analysts out of 35 who provided ratings for NIKE Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $151.33, which is $7.1 above the current price. NKE currently public float of 1.25B and currently shorts hold a 1.11% ratio of that float. Today, the average trading volume of NKE was 6.43M shares.
NKE stocks went up by 0.19% for the week, with a monthly jump of 8.66% and a quarterly performance of 17.54%, while its annual performance rate touched 41.07%. The volatility ratio for the week stands at 1.62% while the volatility levels for the past 30 days are set at 1.70% for NIKE Inc.. The simple moving average for the period of the last 20 days is 3.05% for NKE stocks with a simple moving average of 31.91% for the last 200 days.
Many brokerage firms have already submitted their reports for NKE stocks, with KeyBanc Capital Markets repeating the rating for NKE by listing it as a “Overweight.” The predicted price for NKE in the upcoming period, according to KeyBanc Capital Markets is $174 based on the research report published on December 11th of the current year 2020.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NKE reach a price target of $145. The rating they have provided for NKE stocks is “Outperform” according to the report published on November 12th, 2020.
Deutsche Bank gave a rating of “Buy” to NKE, setting the target price at $151 in the report published on September 23rd of the current year.
After a stumble in the market that brought NKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.84% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +7.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.98% upper at present.
During the last 5 trading sessions, NKE rose by +0.19%, which changed the moving average for the period of 200-days by +53.29% in comparison to the 20-day moving average, which settled at $135.73. In addition, NIKE Inc. saw 37.59% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NKE starting from O’NEILL HEIDI, who sale 22,500 shares at the price of $140.00 back on Dec 08. After this action, O’NEILL HEIDI now owns 128,833 shares of NIKE Inc., valued at $3,150,000 using the latest closing price.
Campion Andrew, the CHIEF OPERATING OFFICER of NIKE Inc., sale 120,000 shares at $140.00 during a trade that took place back on Dec 08, which means that Campion Andrew is holding 128,592 shares at $16,800,000 based on the most recent closing price.
Current profitability levels for the company are sitting at:
The net margin for NIKE Inc. stands at +6.79. The total capital return value is set at 16.49, while invested capital returns managed to touch 15.44. Equity return is now at value 30.20, with 9.20 for asset returns.
Based on NIKE Inc. (NKE), the company’s capital structure generated 161.58 points at debt to equity in total, while total debt to capital is 61.77. Total debt to assets is 41.53, with long-term debt to equity ratio resting at 152.94. Finally, the long-term debt to capital ratio is 58.47.
When we switch over and look at the enterrpise to sales, we see a ratio of 4.31, with the company’s debt to enterprise value settled at 0.08. The receivables turnover for the company is 10.66 and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.
Author: Denise Gardner