Bulls and Bears – oh my!
January 14, 2021 by admin
Filed under Featured, Forex Tips
Anyone who has flicked through the financial channels on their cable TV box without really stopping to listen to what is being said will probably be occasionally confused by references to “bulls” and “bears”. These terms are common parlance in trading situations, and can be heard or read in any market analysis if you stay tuned long enough. They are not references to sports teams, nor to a traveling zoo visiting a trading floor, but rather to styles of market.
A “bull” market is, in short, a market on the rise. It is characterised by a great deal of investor confidence, which can carry on for an indefinite period of time. When a currency breaks its resistance level, it is expected to continue rising, to move with a singularity of purpose. This is much like the way a bull is characterised. Additionally, it triggers herd behavior, as more and more investors will join in and invest more. The term “bull market” is therefore a good definition of a market behaving confidently.
“Bear” markets, on the other hand, are the exact opposite of bulls. Where prices fall and the investor mood is negative, the support level may be broken and the price will continue to fall. The most common explanation for the terminology here is that when a bear attacks its prey, it tends to do so by striking downwards. For a true bear market to be declared, a majority of currencies need to fall, however a single currency can be described as behaving “bearishly”.
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A British man, along with five others, has been charged with carrying out 56 sexual offences against his now ex-wife over a 13-year period.
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Philip Young has been remanded in custody in relation to the string of charges, which include multiple counts of rape and administering a substance with the intent to overpower to allow sexual activity, according to Wiltshire Police.
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Young, 49, has also been charged with voyeurism, possession of indecent images of children and possession of extreme images.
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Five other men, currently on bail, have also been charged with offences against 48-year-old Joanne Young, who waived her legal right to anonymity.
The alleged offences took place between 2010 and 2023.
The men were named by police as Norman Macksoni, 47, who has been charged with one count of rape and possession of extreme images; Dean Hamilton, also 47, who is facing one count of rape and sexual assault by penetration and two counts of sexual touching; 31-year-old Conner Sanderson Doyle, who has been charged with sexual assault by penetration and sexual touching; Richard Wilkins, 61, who faces one count of rape and sexual touching and Mohammed Hassan, 37, who has been charged with sexual touching.
All six men are due to appear at Swindon Magistrates’ Court in southwest England on Tuesday.
Geoff Smith, detective superintendent for Wiltshire police, described the charges as a “significant update” in a “complex and extensive investigation.”
He added that Joanne Young was being supported by specially trained officers and made the decision to waive her automatic legal right to anonymity “following multiple discussions with officers and support services.”
James Foster, a Crown Prosecution Service specialist prosecutor, added that the CPS had authorized the charges against the six men “following a police investigation into alleged serious sexual offences against Joanne Young over a period of 13 years.”
“Our prosecutors have worked to establish that there is sufficient evidence to charge and that it is in the public interest to pursue criminal proceedings,” he said in a statement.
“We have worked closely with Wiltshire Police as they carried out their investigation.”
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In the latest blow to the US offshore wind industry, the Trump administration announced Monday it is suspending the federal leases for all large offshore wind projects currently under construction, citing unspecified national security risks.
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It marks a major escalation in President Donald Trump’s attacks against offshore wind, a form of energy he has long railed against. The suspension could impact billions of dollars of investment and stall nearly six gigawatts of new electricity set to come online in the next few years.
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The new sweeping order impacts five projects being built in the Atlantic Ocean, including a massive Virginia offshore wind farm that could eventually be the largest such project in the nation. Set to be completed by the end of 2026, it would supply electricity to Virginia, the state with the world’s largest cluster of power-hungry data centers — and skyrocketing energy costs partially tied to that growing demand. Other wind farms impacted are off the coast of New England.
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The exact national security risks of concern are unclear. In a news release, the Interior Department cited “national security risks identified by the Department of War in recently completed classified reports,” but didn’t say specifically what those risks were. The release also noted the potential for wind turbine movement and light reflectivity to interfere with radar.
In a Monday Fox Business interview, Interior Sec. Doug Burgum said the Department of Defense has “conclusively” determined that large offshore wind farms “have created radar interference that creates a genuine risk for the US,” especially “our east coast population centers.”
A Department of Defense official said it is working with Interior and other agencies to “assess the possibility of mitigating the national security risks posed by these projects” but had no additional comment.
Last year, Sweden blocked the construction of new wind farms over concerns they could interfere with military radar, amid heightened tensions between the European Union? and Russia. But experts have noted the design of wind farms can be adjusted to account for the issue, and it’s something US government officials have been aware of for decades.
Virginia Sens. Mark Warner and Tim Kaine, who serve on the Senate Intelligence and Armed Services committees, respectively, said the administration had “failed to share any new information” justifying the sudden pause.
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