Important Forex News of 2018

We all know that news is an important part of our lives. No morning is complete for us without having a glimpse of the newspaper while sipping a hot cup of tea. However, along with all the news of what is happening around, it is good if one is acquainted with what is happening inside the country in the context of business, currency exchange, etc. and how the finances of the country are managed. There are many websites, magazines and even applications for mobile phone where one can read Forex news and know about how foreign exchange brokers are progressing and putting in their strenuous efforts to maintain the financial market of the country effectively. Let us know about some of the latest foreign exchange news, which will give us a deeper view of different countries’ financial market, foreign exchange policies and overall financial condition of the country.China’s Central Bank has spent its second largest amount on Forex in the year 2018Iris Pang, an economist at ING, has confirmed that in the year 2018, the Central Bank of China had spent a whooping amount of 91.58 billion dollars in Forex purchases. This has turned out to be the second largest amount ever spent on foreign exchange currency purchases in the year 2018, while the largest amount ever spent on foreign exchange currency purchases was in September in the same year 2018 and was as high as 119.39 billion dollars.This is a testimony of the fact that foreign exchange purchases have become an integral part of the finances of various countries and a significantly high part of various countries’ budgets goes towards the foreign exchange purchases. Forex brokers are really important in managing the foreign market as they help a lot in the foreign currency exchange.EUR is expected to trade sideways from now onVarious analysts from UOB have suggested that EUR is expected to trade sideways from now on. The current upward pressure has been alleviated and it is due to this reason that EUR is likely to trade sideways, at least, for now, probably within the broad range of 1.128 to 1.144. It is expected that it may take up to several weeks for EUR to finally break through these levels. Various indicators are almost flat as of now and the recent movement indicates the consolidation phase.USD falls, GBP on cloud nineThe Pound of the Great Britain is the clear winner in the session that has taken place recently. It stayed at its all time highest for more than a week, staying at 1.29. The EUR is still at 1.14, which has got a slight upgrade due to the Brexit headlines. While GBP soars high as seen before, the dollar of the United States of America is not performing up to the expectations in most parts. It is falling behind its counterparts, except for NZD and AUD.Such news provide us with a lot of details about the finance and currencies of various countries, don’t they?

Online Learning Management Systems, Key Points for Effective Due Diligence and Return on Investment

OVERVIEW:

Online Learning Management alternatives will continue to evolve rapidly with greater options for new software, hosting and administrative services. Direct costs – typically software and hosting – have decreased with continued upgrades to navigation and user-interface, and now with added efficiencies of ‘cloud’ hosting. Indirect costs require careful review on multiple fronts, such as: a) An objective assessment of available/operational internal resource capacity to perform support, maintenance and administrative services or to engage with out-sourced vendor staff to support these services, and b) An accurate projection of LMS deployment scope. A company’s demand for online learning will rapidly increase and gain complexity over the next 2-3 years. Software and hosting options have almost unlimited capacity to meet demand. Services capacity is the bottleneck.

IN-SOURCED VS OUT-SOURCED LEARNING MANAGEMENT

The critical decision-point is whether to purchase LMS software and in-source the function or to contract with a LMS Services provider to out-source the function. Both options have multiple alternatives available in the market. A sample of key cost and risk elements are discussed in the following paragraphs.

In-Sourcing Learning Management Services:

The upsides to purchasing an LMS are increased control and customization of the online learning function. As online learning demand increases (internally and externally), the business case for LMS in-sourcing gains strength. However, a common misjudgment is underestimating the multi-faceted nature of support required to operate and administer an LMS – most of these elements are “soft costs” not budget line items:

  • Purchasing the software requires analysis but is the easiest part of the process. Good LMS software options can start at $12,000, plus upgrades every 12-18 months for half the purchase cost.
  • The Cost/Time to install the software and achieve operational effectiveness within the client IT environment requires combined IT and Training resources. LMS software installation can be complex, depending on Server Operating Systems and the degree of specialized capacity available within IT and the Training team. Installation raises a range of client server security issues depending on the target user audience – internal staff (working from network computers vs remote) or external constituents.
  • Time for the Training staff to learn how to administer the LMS: publish and upload courses, create curriculums and assign courses to curriculums, enroll/manage users, manage user gradebooks and activity reporting, etc.
  • Cost to acquire/build course content (SCORM complaint)
  • Time to establish course and LMS organization naming conventions and user groups, upload courses, design curriculums, transfer student records, etc. The setup of the user registration process and curriculum listing requires pre-planning prior to loading any content into the LMS.
  • Establish operational back-up – that is, people – within IT and Training who can respond when primary resources are unavailable, leave the company, etc. Every system needs 24/7 IT support and user help support to respond.

Out-Sourcing Learning Management Services:

The key upsides to Out-Sourcing LMS Services are lower internal capacity requirements [the converse of the costs/risks cited in the In-Sourcing discussion above] and the vendor’s responsibility to manage all software, hosting and administrative matters. For example, client server maintenance and downtime, software patches, upgrades and access security plus all functions relating to user course/curriculum access are managed. A hybrid out-sourcing alternative exists in which the course and curriculum functions are supported by client staff trained on the vendor system.

  • Understanding of the LMS vendor’s services cost structure. Many vendors will charge per-user-course-access fees. For example, in addition to upfront vendor licensing fees, the activity of 100 users per year accessing 20 courses and tests at $5 per access would equal $10,000 in “user fees.” Best to read the fine print.
  • Determine the degree of customization available – such as company logo on access pages, costs for reporting, timing of reporting, security protocols for UserID assignment (internal vs external staff), etc.
  • Time for Training staff to learn how to upload courses, assign courses, create curriculums, enroll/manage users, manage gradebook and reporting in the vendor system. Make sure the vendor has sufficient training and/or help desk resources.
  • Cost to acquire/build course content (SCORM complaint)
  • Time to establish course and LMS organization naming conventions and user groups, upload courses, design curriculums, transfer student records, etc.
  • Establish operational back-up – that is, people – within IT and Training who can respond when primary resources are unavailable, leave the company, etc.

Online Learning Management can be a significant asset to your business. Effective due diligence will enable you to accurately manage all cost and capacity elements while receiving and/or delivering expert Learning Management services.


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S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.