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Film faced plywood prices, and other building materials have skyrocketed in the last years. Since the plywood prices have long been fluctuating, it is not easy to predict whether the rates will go high or down shortly.To get more news about film faced plywood, you can visit boosterplywood.com official website.
Plywood came into discovery and application about a century ago. Then, it instantly grabbed its important position in the world’s economy. Yes, no matter how bogus this fact sounds, it still proves the significance of plywood.
Generally, wood products’ prices vary more often than other building goods. It is because the home building trend is also constantly unstable. Though plywood has numerous uses in commercial projects and marine plywood buildings, the home building / renovating / remodeling constitutes its prominent application.
1- Pandemic 2020
The recent highness in the plywood prices occurred due to the pandemic. The pandemic hit the world during the summer of 2020 and tucked people in their homes. Unable to go on a vacation or workplace, people renovated their spaces. Decks, playhouses, shelves, new cupboards, many different items were constructed using plywood from local suppliers like VINAWOOD in Vietnam.
2- Low Mortgage Home Building
The homebuilding trend became more intense by the autumn of the same year. Single-family housing peaked in 15 years, i.e., since 2006; it’s because the mortgage was cheapest then. Interest rates fell severely. At last, the mortgage rate broke the thirty-year-old stable rate and went down by three percent.
Seeing the low mortgage, people started inclined to the single-family real estate. From 2020 to 2021, low mortgage rates continued the trend of people buying new houses.
Due to the increased demand, the supply shortened. The plywood export companies started expanding their capacity. But the extension itself needs a few years to come into an application, let alone the process of building new mills.
3- High Demand
It is a general rule in business. When the demand for a reasonable increases, so does its price. The same is the case with film faced plywood prices. As mentioned earlier, building projects boosted, ultimately increasing the costs. Usually, people opt for construction more during the warmer years, so its rates are generally higher during such seasons and vice versa for colder months.
4- Limited Production
Since they could not build new mills, all the manufacturers and suppliers wanted to maximize the capacity of present mills. To increase the output, more labor was required, which was a challenge on its own. Often lockdowns kept production services at bay during the pandemic season.
Moreover, companies could not hire new staff for three main reasons. One is the younger generation chooses unemployment insurance bonuses instead of doing jobs. Two is that students now go for higher education instead of persuading blue-collar occupations from the early years of their career. Three: rural areas, where mills are usually situated, decrease population.
5- Enterprise Logging
It does not seem obvious, but trees are drastically falling in numbers with time. Production of more wood products means cutting down more trees. Some companies are responsible enough to keep planting new ones where they just cut. But it is not a common practice yet.Producing plywood while taking care of the environment costs more. Thus, the ultimate expenses fall on the shoulders of buyers and the plywood store.
That’s why film faced plywood prices increase, which will not trend away. Because with the decline in trees, the resources are diminishing as well. If companies continue with their current ignorant attitude, there will come a time when plywood will be one of the most expensive goods on the planet.
These are the restraints that keep the film faced plywood demand high and supplied low. The past years were when its prices increased due to the aforementioned reasons.
Manual trading
Manual trading or self-trading involves making independent trading decisions. And while manual trading offers lots of profit-making opportunities, the profit of a trader, in this case, will entirely depend on his trading skills and experience. Manual trading can bring maximum income in the Forex market since only the trader himself has full control over his money.
Manual trading implies refusing to use special tools and software that make decisions instead of the trader and don’t require his constant presence. For example, if some indicator gives a signal that it’s the right moment to close a trade, the final decision to exit the market is still made by the trader.
Pros and cons of manual trading
The main advantages of manual trading are:
manual trading allows a trader to take into account all the factors that currently affect the market. Here we are talking about news and technical aspects of trading;
when trading manually, a trader can react quickly and make adjustments to his trade, according to updated and relevant information.
However, this trading approach has its disadvantages too. Among them are:
to use manual trading effectively, it is necessary to have special knowledge and experience, beginner traders usually lack. It also takes quite a bit of time to get enough theoretical knowledge;
it may be difficult for beginners to start trading on a live account, especially when there is a large amount of money on the balance. It’s one thing to risk virtual funds on your demo account, and another to watch your deposit vanishing in one unlucky trade;
trading manually on smaller time frames can be challenging both for beginners and professional traders. With short-term time frames, you need to constantly sit at your computer and stay vigilant, following the news updates, market releases, and charts.
Automated trading
In contrast to the above-mentioned trading approach, where the trader performs trading transactions by himself, automated trading, as you may have guessed, is conducted by special software or a trading robot. also called an Expert Advisor (EA). The Expert Advisor is based on an algorithm and opens trades strictly according to predefined parameters.
You don’t need to monitor your trading 24/7, looking for potentially profitable entry points. A trading robot won’t be overwhelmed by emotions, such as greed and fear, which often lead to hasty trading decisions and bad trading outcomes. Trading is carried out automatically – entry and exit points, money management – everything is already accounted for and calculated by the system. The software is also more reliable and accurate. Unlike a human being, a robot won’t make random errors and mistakes. It won’t enter a wrong value or put a decimal point in the wrong place, just because it got tired of spending hours watching charts.
Expert Advisors are quite flexible, but they still function within the limits of their algorithm. All you need is configure your trading robot once, set the desired parameters, and then it’ll trade independently.
The Expert Advisor will identify chart patterns, look for trends and reversal points. The robot can trade at any time, in any market, which, in our opinion, is a huge advantage.
When deciding whether to follow the crowd or not, you should remind yourself of a number of significant points:
First: where one earns — the other loses.
Second, ” owls may not be what they seem, but they serve an important purpose: to remind us to look deeper into the dark.”A simple situation: you observe the trend shaped by traders and use it as a hint. However, during unexpected price spikes, these traders forget about psychological discipline: they have a psychological breakdown and your imaginary “team” is going through a financial collapse. What would help? Follow a reputable trader exactly as long as he acts reasonably – work on your personal emotions, think through your trading plan from any point where you may have to go on your own.
The third rule: do not follow the crowd. Various trading platforms, such as Aurum Trade, offer training zones. For instance, telegram channels and YouTube channels for registered users. It is really safer there, the entry conditions cut off the “unnecessary” and most importantly-allow you to hone your strategies in a unique situation: you are like being driven, but at the same time you have all the rights to act independently. Try a strategy in which assets are sold or bought at key prices against the general flow. Discuss with an expert trader such levels where the price movement can not always be understood correctly. It is there that emotional failures most often occur, which means that a door opens for your earnings if you are psychologically prepared.
Fourth: keep your distance. While the price starts to accelerate, move in the general direction. Enter the market when the price range is quite narrow and watch the setup before the start of a sharp jump – so you will be one step ahead. Do not rush to open a position, wait for a pullback and a decrease in sharp jumps-sometimes you need to make a step back. Buy or sell breakdowns, if there is a discrepancy in volumes on technical indicators and prices – be yourself.
Finally, the fifth is to listen to the experienced traders. William Gunn is one of the greatest traders of the twentieth century. He presented 28 rules that every trader should consider, regardless of the strategy they choose. Three of them will accurately answer your question of whether to follow the opinion of the crowd or not, here they are:
Use tools that identify a clear trend.
Do not give in to other people’s advice.
When closing a position, focus only on your own signals.
Rick Tomsic, Founder & CEO of Tradovate Holdings, LLC, said: “We love the Validus platform. It’s been a great tool for us to help our trade desk identify and drill down into any potential trade irregularities. The combination of pre-built surveillance procedures, with reports and protocols we can customize based on our needs and client base, is extremely powerful. Validus gives us the ability to dive deeply into any suspicious or unusual order flow activity at a very granular, detailed level, giving us comfort both from a trade desk and compliance standpoint.”
Tomsic said that the firm uses Validus to monitor more than 2.5 million orders per month to identify patterns or dangerous activity within the order flow, as well as to meet certain operational requirements, such as monitoring and ensuring the proper use of regulatory tags.
Eventus CEO Travis Schwab said: “Firms like Tradovate with extensive retail activity appreciate the ability to rapidly follow up and explore any unusual order flow patterns. This is a great example of how our platform can be used not only by compliance and regulatory teams but by front-office supervisors. We commend the firm for going above and beyond what’s required in order to stay ahead of any potential issues and leverage the many capabilities Validus has to offer.”
Tradovate Trade Desk Manager Terry Nelligan said: “Eventus does a great job of offering views that make it easy to visualize the market with respect to customer orders. We’re able to find suspicious patterns within a single client account or those that may emerge between multiple clients. Validus makes it simple, easy, and intuitive, providing a visual representation of activity for the period when an alert is triggered that goes beyond what we would be able to monitor on our own. Eventus does a great job of understanding our goals and then helping us customize the platform to implement that.”
Validus employs a multi-step approach to alert classification by first casting a wide net to ensure that all potential or near-miss alerts are considered, followed by machine learning and robotic process automation to go deep into each alert and identify market behavior that could lead to regulatory or reputational consequences. The platform's visualizations and flexibility allow front-office supervisors to quickly and efficiently detect problematic behavior.
XinFin Fintech Pte. Ltd. and NarseeMonjee College Group have entered into a collaboration to extend its Hybrid Blockchain platform to 30,000 SVKM students to help them learn real-world applications of revolutionary technology. An initiative by Insight, the Global Youth Economic Summit - the Annual Business Finance and Economics Meet of NarseeMonjee College which was held from 7th February 2018 to 10th February 2018.
Just like 90’s Internet revolution, Blockchain technology is all the rage amongst everyone right now. Educational institutions are no different as more and more schools and colleges are joining the brigade to offer opportunities to their talented students to learn Blockchain technology.
The main hindrance in including this revolutionary technology into the mainstream curriculum is that there is no regulatory clarity in this field so only those blockchains which are enterprise friendly can only provide excellent career options and avenues to students. This is where XinFin plans to make a difference.
XinFin Ecosystem Development Head, AtulKhekade said, “XinFin Hybrid Blockchain is an enterprise-friendly blockchain that consists of both a Public state as well as a Private state. This distinction is very useful for enterprise use cases because various institutions may prefer to keep their financial transactions private but still be verifiable by an immutable record on the public state of the blockchain. Moreover, XinFinblockchain is using existing laws of the land and payment rails or using underlying XDC tokens in approved jurisdictions.”
Global Youth Economic Summit is an initiative of NarseeMonjee College of Commerce & Economics and XinFin where XinFin will be extending a Sandbox environment to more than 30,000 university students. The test environment will help students test, experiment and implement their skill-set on XinFin platform.
“XinFin not only aims to provide a test environment to the students but also ensures that ace students who are interested in the technology can take up jobs in the mainstream market after getting hands-on training on Blockchain. With this opportunity, students can leverage their practical knowledge and experience of XinFin Hybrid Blockchain and XDC protocol to work for niche enterprises directly,” admitted AtulKhekade, XinFin Ecosystem Development Head.
Speaking about the collaboration, Mr. Apoorv Sarin, Chairperson, Insight-Global Youth Economic Summit said, “We are really excited to collaborate with XinFin seeing the career avenues it will open up for our students. XinFin Hybrid blockchain is a regulatory compliance which makes it enterprise-friendly and experimental for our students who are willing to make a career in Blockchain Technology. With XinFin platform, our students will get a test environment which will help them learn technology closely and also implement their skill-set to create customized solutions for business process efficiency improvement. With this association, our students will be able to use their practical experience to get jobs in niche enterprises directly."
The China Art Center in Carmel is Now in Litigation
Frances Chew was the sole daughter of Joan Chew. Frances was the heir to The Chew Family Dynasty and The China Art Center in Carmel-By-The-Sea on Dolores St & 7th Ave. The Building has now been closed a year since the passing of Frances Chew. The Building sits with all the art still on the inside. I spoke to someone today who knew of Joan Chew and her daughter Frances. He said that the art is still inside the building and is very valuable from the 16th and 17th century and will most likely be auctioned off at Sotheby’s. The Chew Family also owned a lot of building in the San Francisco area. The entire estate was left to The Carmel Mission Church here in Carmel. It is now in litigation with attorney’s working through all the paperwork. We will have more information regarding legal actions taking place as well what will ultimately happen to the Building on Dolores. More news to come from our Legal Personnel.To get more chinese culture news, you can visit shine news official website.
Below is some interesting background on the Chew Family regarding their arrival to the United States.
In the 1930s, Joan Chew, daughter of the famous revolutionary officer General Wu Luzhen, arrived in the United States to study music at the University of Southern California. There she met and married Thomas Chew, a fellow student at the business school. Together they managed a number of businesses focussed on importing, exporting and Chinese antiquities, including the Great Wall Inc. in Los Angeles, China Commerce Co. in San Francisco and the China Art Center in Carmel. In Carmel, where Frances, Joan and Thomas put down roots, the Chew Family managed the Dolores Lodge, which became a favourite rest stop for the celebrated modern painter Zhang Daqian and his friends.
Frances Chew was a brilliant student and accomplished athlete, graduating from Mills College before travelling to the Sorbonne in Paris and Yale University to study and teach French literature. Following her father’s untimely passing, she returned to California to support her mother, to manage the China Art Center, and to become a mentee of Zhang Daqian. In her own words, “it was a way [Zhang Daqian] communicated – quick, deep insights on art and on life. It was not something to be analyzed or explained. For those who understand, no explanation was necessary, for those who didn’t, no explanation was possible.” In the 1980s, Frances left California to pursue a vocation with the Missionaries of Charity, founded by Mother Theresa to care for the sick and the poor; over the next decade, she, then known as Sister Asha, lived and worked in New York, Rome and Haiti, before returning home in 1992 to take care of her mother. Frances Chew passed away in early 2017.
One of, if not the most illustrious modern Chinese artist of his time, Zhang Daqian emigrated to the United States in 1967, living first in Carmel and later in Monterey. There, he befriended the Chew Family, staying at the Dolores Lodge whenever he travelled to Carmel. During these visits, Zhang Daqian and the Chews exchanged gifts including the artist’s own works such as Water and Sky Gazing after Rain in Splashed Color and Five Fortunes, which Zhang inscribed with wishes for the Chews’ 60th birthday. Zhang also inscribed paintings by other artists, including Yun Shouping’s Landscapes After Song and Yuan Masters, Tao Cheng’s Wild Rabbit Amongst Bamboo and Chrysanthemum, and Lin Liang’s Two Geese in an Autumn Lotus Pond and Two Pheasants Under a Wintry Willow Tree.
Shanghai Travel Tips From An Insider
From the historic art-deco buildings lining the Bund to the futuristic skyscrapers lighting up Pudong, Shanghai begs for exploration.To get more news about China scenic spots, you can visit shine news official website.
To find out where to go the next time we’re in the city, we consulted Billy Yin, guest relations manager/chief concierge of Four Seasons Hotel Shanghai. Yin knows the area well: he’s worked at the Forbes Travel Guide Four-Star hotel for 15 years and is a 43-year Shanghai resident. Read on for his recommendations.
What is the best way to spend one day in your city?
Tour the attractions in the morning. Visit the Shanghai Museum and Jade Buddha Temple to learn the history of Shanghai. Enjoy lunch at Yuyuan Garden — the old town — to try some local traditional snacks and dim sum. Then take a walk in the French Concession, which is very cosmopolitan.
Have dinner at Xintiandi, which is famous for its restaurants and bars. And the Bund area is a must-visit spot at night. Take a cruise along the Huangpu River to see the best night view of Shanghai.
What is new in Shanghai?
Shanghai Disney opened in 2016 in the Pudong district. The company’s first destination resort in mainland China included six themed lands: Adventure Isle, Gardens of Imagination, Mickey Avenue, Tomorrowland, Treasure Cove and Fantasyland, all centered around the Enchanted Storybook Castle, the largest and tallest castle at any Disney theme park.
In 2018, a seventh was added: Disney-Pixar Toy Story Land. The new land offers three attractions based on the Toy Story film series.
A new state-of-the-art Starbucks Reserve Roastery sits near the hotel. The 30,000-square-foot roastery is the first of its kind in Asia and is the world’s largest Starbucks. An augmented reality app allows you to scan anywhere in the roastery and learn more about the various components.
What is Shanghai’s most underrated attraction?
The Shanghai Jewish Refugees Museum memorializes the time during the Second World War when Jewish refugees sought sanctuary from the massacre. It is housed in the former Ohel Moshe Synagogue, where the Jewish refugees gathered for religious activities.
The museum holds many scrolls and other cultural relics. Built in 1927, the former Ohel Moshe Synagogue was also the headquarters of the Jewish Youth Organization. Between 1937 and 1941, Shanghai received 25,000 Jewish refugees. It was one of the few cities in the world that did not refuse entry to Jews under persecution.
What are the hottest restaurants right now?
For Italian, try 8½ Otto e Mezzo Bombana or Mercato. Go to L’Atelier de Joel Robuchon or Mr & Mrs Bund for French, and Canton 8, Yongfoo Elite, Imperial Treasure, Hakkasan for Chinese.
What are some great bars to get a drink?
Speak Low, Sober Company, Bar Rouge, M1NT and Pop.
Give us your favorite insider tips.
Avoid traveling during rush hours from 7 to 9 a.m. and 5 to 7 p.m. Always bring cash in case you find yourself in a place where credit cards are not accepted. Taxi drivers cannot speak English in Shanghai, so it’s best have an address written in Chinese in advance.
Mini VIX futures provide market participants with opportunities to trade their view of the future direction of the expected volatility of the S&P 500® Index. This contract may also present opportunities to manage risk, generate alpha or diversify a portfolio. The smaller notional value of Mini VIX futures may appeal to:
Commodity Trading Advisors (CTAs) as a convenient, sub-account allocation contract size
Sophisticated market participants looking to hedge their portfolios or express their view on US stock market volatility, and
Proprietary trading firms seeking to execute volatility strategies or provide counter-party liquidity
Before you trade Mini VIX futures, it’s important to understand the following:
Mini VIX futures are complicated financial products that are suitable only for sophisticated market participants.
Mini VIX futures involve the risk of loss, which can be substantial and can exceed the amount of money deposited for the futures position.
Market participants should put at risk only funds that they can afford to lose without affecting their lifestyles.
Before transacting in Mini VIX futures, market participants should fully inform themselves about the characteristics and risks of Mini VIX futures, including in particular those described below. Mini VIX futures market participants also should make sure they understand the contract specifications and the methodologies for calculating the underlying VIX® Index and the settlement values for Mini VIX futures.
Underlying Index: Mini VIX futures are based on the VIX Index, which is a financial benchmark designed to be a market estimate of expected volatility of the S&P 500®. The VIX Index is calculated by using the midpoint of quotes of certain S&P 500 Index options. (More information on how the VIX Index is calculated is available in our VIX FAQs.)
The headlines were rampant overnight, beginning with Russian claims that Ukrainian forces fired on them. Ukraine’s defense ministry later said that shelling from Pro-Russian forces stopped at 1:00PM local time.
Jabs continued as the US got out of bed, with the US citing that Russia is moving toward an “imminent invasion”, as forces have been seen inching closer to the Ukrainian border and stocking up on blood.
Russian turned up the heat as they ousted the US Deputy Ambassador and responded to the US counterproposals. Russia said that the growing US and NATO military activity is alarming, and that Russia’s red lines are being ignored. They also said that Russia will be forced to respond, including by implementing military technical measures, in the absence of the US to negotiate legally binding guarantees.
Gold has been a beneficiary of the uncertainty surrounding the situation between Russia and Ukraine. On February 11th, the yellow metal broke above a long-term symmetrical triangle it has been in since early in the pandemic. Gold held the resistance at the prior highs of November 16th, 2021 near 1877.16, only to break above it today. There is a strong confluence of resistance just above at the 127.2% Fibonacci extension from the November 16th highs to the low on December 15th 2021, previous highs from June 1st, 2021, and the 61.8% Fibonacci retracement level from the all-time highs in August 2020 to the lows in March 2021. This resistance is between 1911 and 1923. Above there price can move to the 161.8% Fibonacci extension from the most recent timeframe and horizontal resistance between 1953.66 and 1959.34.
First support is at the previous highs near 1877.16. Below there, price can fall back to the top downward sloping trendline of the long-term triangle near and the February 15th lows near 1844.61. The next level of support isn’t until the 50-Day Moving Average at 1815.62 (see daily).
The sporadic headlines coming out of the markets this morning have caused a good deal of uncertainty around the Russia/Ukraine situation. Expect the headlines to continue. Markets strongly dislike uncertainty and therefore, Gold has moved higher. However, that can all change when the next headline hits the wires. Traders should be cautious during uncertain events and use proper risk management.
CPI:Canada released CPI data earlier today. Like so many other countries these days, the January inflation data was higher than expected.Expectations are were for 4.8% YoY.However, the headline print came out at 5.1% YoY. The Bank of Canada meets on March 2nd and expectations are for a 25bps rate hike (its first).With a rate hike on its way and inflation over 5%, traders may think the Canadian Dollar should be stronger
Oil: On January 11th USD/CAD broke below the neckline of a head and shoulders pattern near 1.2600.At the time, WTI Crude oil closed near 81.25.Today, Crude oil is trading in the 92.00/95.00 area and USD/CAD is higher, near 1.2700.Clearly the Canadian Dollar hasn’t been following Crude Oil for the past month.
DXY: On January 28th, the DXY made a high of 97.44 and traded lower for 5 straight days.Since that date, the DXY is lower by nearly 1.75%. USD/CAD also made a near-term high on January 28th, but only pulled back for 3 days.Since then, USD/CAD is only down 0.8%.With the US Dollar Index down as much as it is during the last few weeks, USD/CAD traders may thing USD/CAD should be lower as well.
On a daily timeframe, USD/CAD broke below the neckline of a head and shoulders pattern at 1.2600 on January 11th and began moving towards its target of 1.2250. However, the move was thwarted by several hammer candlesticks between January 13th and January 20th, which helped priced to reverse. USD/CAD then went bid to the 1.2797 high, negating the head and shoulders pattern. The pair has been trading in the previously mentioned range since.
Since USD/CAD isn’t pushing lower for the reasons given above, what happens if any of those themes change? What happens if the BOC doesn’t hike and sees inflation slowing? What happens if oil reverses and moves lower. What happens if the DXY moves higher? If any of these happen, USD/CAD could move aggressively higher.
First resistance is at the January 11th highs of 1.2797 then the January 6th highs at 1.2814. Above there, USD/CAD can run up to the highs of the head of the previously mentioned head and shoulders pattern from December 20th, 2021 at 1.2964. Long-term horizontal resistance is just above there at 1.2990. If USD/CAD finally does break lower, support is at the February 10th lows of 1.2636. Below there is horizontal support at 1.2570 and the 200 Day Moving Average at 1.2532.
There are several reasons that USD/CAD could be lower, but it’s not. Therefore, if any of the above-mentioned circumstances reverse, USD/CAD could move aggressively higher in a hurry!
