As highlighted earlier, there are several major events of the day to note. bold.

The first of these is at 1.0550 for EUR/USD, which could help limit price action near the 100 and 200 hourly moving averages, currently at 1.0557-65. Then, there are larger ones at 1.0620-25, which is currently standing closer to the 23.6 Fib retracement level at 1.0643, which is a key resistance level for the pair. These may not impact the game, but are worth considering in case we see a significant pullback in returns later in the day.

Then there is the one for USD/JPY at 150.00. Similar to yesterday, but as we mentioned before, the psychological barrier at the figure level remains a more important factor at the moment.

For more information on how to use this data, you can refer to the article here.

It was supposed to be the new world, the future of technology that would revolutionize our lives forever. In reality, he was and is the only one who really focused on it Mark Zuckerberg, the CEO of Meta, who continues to invest in Meta in the hope of reviving it despite the lack of support in the world. We are talking about Metaversean immersive virtual universe enabled through the use of viewers.

It was supposed to be the future, but in recent months most people who believed in the project have seen their hopes dashed. Even the European Commission, which opened its personal metaverse costing 345,000 euros, recently had to close it due to the low number of entries.

According to the Independent: From 2019 to the summer of this year, Meta recorded a loss of $40 billion in the Reality Labs divisionwhich focuses on the development of the latest technologies and therefore the metaverse.

Fears that the Reality Labs division would suffer significant losses were confirmed in July this year, when the company announced A Operating loss of $3.7 billion in the second quarter, despite revenue of just $276 million, down from $339 million in the first quarter. Analysts had predicted that Reality Labs would report revenue of $421 million and operating losses of $3.5 billion, highlighting the wide divergence between the company’s forecasts and actual results.

As highlighted in the CNBC graphic, In 2022, Reality Labs reported a total loss of $13.8 billion, despite revenue of $2.16 billion, driven in part by sales of VR devices.

For meta, however, everything Losses were an integral part of the business plan. In the aforementioned July report, the company made clear predictions that Reality Labs’ operating losses would increase significantly over the course of the year. This increase in losses is directly related to Meta’s tireless efforts in developing products related to augmented and virtual reality. Furthermore, the losses were also due to the huge investments required to further expand the augmented and virtual reality ecosystem.

This uncertainty is causing more and more companies to distance themselves from this world. As Disneywhich had big plans in this area, but had to postpone them due to a lack of interest in this new technology. According to the Wall Street Journal In March, all members of the dedicated team were laid off, just four months after the department was founded.

Even Asia’s largest internet company, TencentHe disbanded his 300-man unit in February. The social media company Snapchat He eliminated his team last year.

Disney’s departure from the emerging Metaverse comes as several major companies have put their plans for the technology on hold amid growing interest from the world of cryptocurrencies and the explosion of artificial intelligence.

And the Metaverse could be the new territory into which mafia organizations and drug cartels could expand. This is revealed by the Anti-Mafia Investigation Directorate (Slide), The in his latest report focuses on encrypted communication platforms and generally on the deeper levels of the Internet.

The document, which refers to the second half of 2022, puts an emphasis on the new scenario.regarding which Europol has already highlighted potentially critical issues“. In fact, the effectiveness of criminal organizations is underlined.to quickly grasp technological changes and economic-financial phenomena on a global level“. The International Criminal Police Organization (Interpol) also sounded the alarm.

Governments, international bodies, investigators and prosecutors are breaking new ground, with many European countries investing heavily in tracking down online crimes, such as the postal police of Estonia, Denmark, Sweden and Norway. The latter began building its online presence in 2015 and now has so-called “Nice Patrulje“, Internet patrols in every district. They are present on various social media, gaming and streaming platforms and have 509,000 followers each @politivest on TikTok.

As highlighted before, there is only one thing to note for the day. bold. This ends at 150.00 for USD/JPY, which adds to the defensive layer of the pair at the figure level. Investors are still quite cautious in testing considering fears of intervention from Tokyo are a more decisive factor, but expiry dates add some spice to the dish for today.

For more information on how to use this data, you can refer to the article here.

On Amazon it will be possible to select the option in various regions of Italy until December 2024 Delivery within one hour by flight for thousands of items.

During the Delivering the Future event in Seattle, Amazon unveiled the Mk30 drone, a vertical take-off aircraft that will be critical to the service’s expansion Prime Air outside the North American continent. This innovative service uses Mk27 drones, developed internally by Amazon, to deliver packages weighing up to 2.3 kilograms to customers in the United States who require immediate deliveries.

Launched at the end of last year in some areas of California and Texas, it represents the most ambitious project the e-commerce site has ever conceived: to revolutionize the goods delivery process, speed up the entire system and reduce road traffic.

Why Amazon chose Italy

Among the reasons why it will also arrive in Italy, he explained David CarbonVice President of Prime Air, the service that manages drone delivery:

In Italy we found an excellent environment for the development of our project, thanks to the presence of Top aerospace companies We find people with the right mentality and skills to help us successfully achieve this goal. In addition, the relevant authorities were very open to these new developments and welcomed our efforts with enthusiasm.

In addition to Italy, the company will also operate in the United Kingdom, the two countries that Amazon has chosen as a launch platform to expand its service across the ocean.

Amazon plans to cover both residential complexes and individual houses with gardens, with particular attention to the suburbs of large cities, with two delivery methods: Direct deliveryin which the package is released by the drone from a height of four meters, or Creation of small collection points.

The characteristics of the drone for delivering medicines

The drone is able to remain in flight even in the event of failures and to land safely in extreme situations.

But how will they recognize and deliver the homes? Thanks to the sophisticated technology called “Sense and Avoid”, which allows you to detect and avoid obstacles, ensuring the safety of people, animals and buildings. Thanks to the use of artificial intelligence, this aircraft was designed to handle unexpected situations and make decisions autonomously. For example, in an emergency, the drone can judge whether to return to the take-off point or make an emergency landing in a safe area, demonstrating a high level of safety and reliability.

The difficulties of Amazon Prime Air

Despite Prime Air’s struggles so far, the company has confirmed that it aims to reach 500 million fleet deliveries by the end of the decade. Certainly not an easy goal, the outcome of which will also depend on what happens in our country.

Amazon hoped to reach 10,000 drone deliveries in 2023, but according to Information collected by CNBCit would have been achieved barely 100.

Delivery is only for small packages

There Delivery via Amazon drones This represents important progress for a sector that has been waiting for a breakthrough for some time, but has been held back by a lack of clear regulations. In addition, this acceleration could pave the way for the use of drone taxis, a project that has been much talked about in recent months as they are already set to be introduced at the next Winter Olympics in Milan-Cortina.

However, there are still some unknowns about it Sustainability of the Amazon Prime Air Initiative. The idea of ​​drone deliveries is certainly intriguing, but it has clear limitations. Currently packages must be small and weigh less than 2.26 kilograms. In addition, each delivery is individual and requires a separate flight for each customer.

Given the e-commerce giant’s large number of daily deliveries, it seems difficult to maintain this level of productivity at the moment. However, this is still early days and many things could change in the coming years, much sooner than we can imagine.

I could file this as ‘junk’ rather than ‘tradeable’, but the worst day to own a stock since 1950 is October 19th. According to Carson Investment Research, the average decline over those 72 years is -0.51%.

From where?

When you look at this chart, the 19th-20th tends to show general softness, which may reflect some sort of monthly pattern of stock market flows in general.

But more broadly, it reflects a single day when stocks were crushed: black monday It was October 19, 1987. The index fell by 20.47% that day.

Two other sales on October 19 also stand out:

1. On October 19, 2007, the index fell by 2.56% as concerns about the US housing market began to increase during this period.
2. On October 19, 2018, the index fell nearly 1% as part of a larger decline in October that resulted in a 7.3% decline, the worst October since the financial crisis. At the time, the market was concerned about valuation, interest rate hikes and trade tensions with China.

Overall, the lesson here is probably ‘beware of averages’ rather than ‘be careful on October 19’. Here is the latest transaction history for October 19:

The conditions are in place for another brutal day for equity markets, especially if bond yields continue to rise.

If the nationwide average salary is around 2,000 euros gross per month, unfortunately Only a quarter of young people in Italy can receive a similar salary today. According to the latest report from CleverConnectYoung people’s salaries are significantly lower than in Europe and even among older workers.

The way in which they are published also complicates the situation job advertisementssometimes not very transparent when it comes to this compensation and from Workload. Many people turn down job offers for these reasons too. Nevertheless, we find ourselves in a historic moment where salary secrecy will soon be abolishedThis way, everyone can know whether and why their colleague’s work is equivalent to their own.

Young people’s salaries are becoming increasingly lower

CleverConnect has put together a survey in collaboration with YouGov on the current situation of young Italian workers. From what emerges from the data from the “Talent Acquisition Report“The situation is not the best at all:

43% would receive a net monthly salary of less than 1,000 euros, while 33% would earn a salary between 1,000 and 1,500 euros.

We want to advise you that, according to the information in the ISTAT annual report 2023The nationwide average salary for 2022 is estimated at around 27,000 euros per year. This threshold only seems to be possible for 24% of those surveyed, who would even have 1,500 euros net, but “below the threshold of 2,000 euros”, i.e. the amount with which they could cover the necessary expenses for living expenses for their family today. according to ISTAT estimates.

There is also a clear gap between the salaries of young people and those of older people. As reported by MEF income tax return 2020The Gross annual salary (RAL) is:

• between 25-34 years, from 25,818 euros,
• between 35-44 years, from 28,967 euros,
• between 45-54 years, from 31,252 euros.

Only those with a degree could enjoy a better RAL, ranging from 27,662 euros gross for non-graduates to 39,787 euros per year for graduates. even 47,000 if he has a Level II Master’s degree. Whenever the employment contract allows it. Another dilemma for young people is unstable salary. As reported in the analysis of the National Youth Councilaccording to INPS data, among workers under 35 “The frequency of fixed-term employment contracts is 23.5% and 10.7%, respectively, more than twice as high as among older employees (data as of 2020).“. Also in 2020 33% of workers under 35 had a part-time contractcompared to 25% of workers in the “older” groups.

Salaries are not transparent in job advertisements

Perhaps it is precisely because of this low pay that more and more young people want to look for “new opportunities”. No more job or suggestions: according to the survey “45% of potential candidates are employed, […] But he is open to new opportunities and can be “activated” by pursuing a recruiting strategy tailored to his characteristics and expectations.“. And even if the payment is transparent. One problem with the selection is the fact that many job advertisements hide or do not fully disclose data such as salary or workload.

The National Youth Council report also points out that “Only 32% of the advertisements surveyed contain information about the “expected” salary (80 out of 250), while more than two thirds lack such information.“. In fact, when searching for technicians/computer scientists, possible remuneration is only mentioned in 11.1% of advertisements. In cases where there is evidence of this data, the difference between the minimum value and the maximum value appears disproportionate: from ridiculous ads for 250 euros a month to “suspicious” ones like 5,000 euros a month.

A gap that once again illustrates the regional salary gap: The salary announcements (if transparent) are between 1,423 euros gross in the north, in the central-southern regions to around 1,000 euros (corresponds to 983 euros gross in the center and 1,007 euros in the south). It is no coincidence that 46% of talents do not consider job offers without information about compensation and even 39% would abandon the selection if it were not very personalized: “All age groups surveyed value pay, particularly baby boomers (49%) and millennials (48%).

Will salary secrecy solve everything?

By abolishing salary secrecy, the problem of young people’s salaries could perhaps be (partially) solved. With EU Directive 970/2023, Italy will have time by June 7, 2026 to abolish it with a law ratifying the provisions of the directive. The end of secrecy allows you to not only learn about the salaries of your colleagues, but also the criteria by which this remuneration is determined. A step that also counteracts the gender pay gap, which Claudia Goldin, recently awarded the Nobel Prize in Economic Sciences, has been dedicated to for many years.

But this abolition could still be a problem for companies. In addition to the risk that claims for damages will block the courts and drive companies into bankruptcy (Article 50 of the EU Directive we are talking about “full refund of back wages and related bonuses or payments “Nature”), as he specifies Pietro Ichino, interviewed at Corsarathe risk is rather that “[…] the harmonization of treatments, similar to what happens in the public service.. Added to this is the fact that the differentiations are verbalized and this makes the free attitude increasingly disadvantageous.

The issue of young people’s wages is far from being resolved, and probably not with instruments such as the minimum wage, since the CNEL (National Council for Economy and Labor) has assessed the proposal negatively and advocates the need to improve the CCNL instrument. But even though there are more than 90% of workers under CCNL, well a third of them have a gross wage of less than 9 euros per hour. Definitely inadequate in a time of price increases like these.

As highlighted previously, there are a few things to consider for EUR/USD. bold.

But they are a bit off at 1.0550 and 1.0575, and there is a sizeable level at 1.0600. The number level doesn’t actually offer much technical significance, and in fact the other two important maturity levels do the same. But at least the 100-hour moving average is currently coming in at 1.0581, so expirations at 1.0550 and 1.0575 could offer some additional layers to stop any post-CPI downside price action before it rolls over.

Besides that, there’s not much to do other than keep an eye on EUR/USD’s handful of major expiration dates tomorrow, specifically the 1.0470-75, 1.0515-20 and 1.0630-35 levels.

For more information on how to use this data, you can refer to the article here.

A symptom of Burn out It has affected at least 76% of workers and one in five have been diagnosed. This is data that emerges from studies commissioned by Thought worka company specializing in online psychological counseling at BVA Doxa.

With regard World Mental Health Day The company wanted to conduct an in-depth study of the mental well-being of Italian workers.

Burnout affects people across the board

Data from a study on burnout conducted at the event World Mental Health Day: Mindwork wanted to explore – thanks to the help of BVA Doxa – the experiences, needs and desires of Italian workers. The study reveals some worrying data: at least 75% of workers (men and women without distinction) have done this has experienced at least one of the main symptoms of burnout. The percentage has increased by 14% compared to the previous year.

The main symptoms of burnout include:

• Feeling of exhaustion;
• Decrease in work efficiency;
• increased mental detachment;
• Cynicism towards work.

The most common symptom appears to be lo exhaustion; while for Generation Z it turns out to be that Decrease in work efficiency (58%).

However, the data on the actual diagnosis of burnout are no less worrying: One in five received it. Even in the face of a true diagnosis, those directly affected continue to have difficulty staying away from work and caring for themselves, particularly blue-collar workers. Of these, only 19% were away from work for more than five days. The proportion among employees rises to 55% and among managers it rises to 62%.

Personal life and work

More than half (58%) of people experience it in some way a psychological malaise in personal lifehe lives it even at work. And vice versa. One in two people reported suffering from anxiety and insomnia for various work-related reasons. At least one in two people experiences high stress conditions: this figure seems to be more critical for those in leadership positions (the percentage reaches 61%).

The working environment – ​​and in this case the data is confirmed for 2022 – gives results It is least appropriate to express one’s discomfort in a family context (41%). Almost half of the people surveyed for the study said they had left their job due to emotional distress during their career (54%). This factor seems to be particularly pronounced among Generation Z and Millennials, where the proportion reaches 66% and 59%, respectively.

In the times in which we live and are characterized by numerous crises, young people are the most affected from an emotional point of view – he explains Mario Alessanda, Founder and CEO of Mindwork -. In addition, they appear to be most sensitive to the changes that characterize our time, in the climatic, geopolitical and ethical aspects of technological progress. And companies have a great opportunity and responsibility to make ethical and inclusive decisions in the psychological field, not only because it is the right thing to do, but because only in this way can they ensure their own sustainability and manage to attract and retain the best talent.

Mental well-being

96% of employees – at least nine out of ten – consider it essential Promotion of mental well-being by the company. However, in 67% of Italian organizations there is no support whatsoever. When it is present, it is evaluated positively by 51% of workers who belong to the blue-collar category. The number of people who would rate it positively is growing the provision of a psychological support service (73%), more specifically in relation to white-collar workers (76%) and blue-collar workers (79%).

An important fact concerns the supervisor: 88% of respondents say this role has a significant impact on their mental well-being. Six in ten people say they need support from the company to better manage their role (59%), although only 20% say they feel they are receiving it.

As previously highlighted, there are a number of large options expirations to consider on the EUR/USD pair. bold.

The majors relative to the current spot price are layered between 1.0500 and 1.0575, but these are sandwiched between some of the larger ones such as 1.0470-75 and 1.0630-35. So keep this range in mind for any extensions in price movement during the day. Otherwise, we could see EUR/USD remain stuck in a tighter range and have a larger pull at 1.0515-20 to limit potential downside before moving lower later in the day.

All this being said, the key to trading sentiment right now is developments in the bond market. For now, the decline has calmed, but heavy selling, as has been the case for several weeks, tends to affect only US trade. And this could once again trigger a reversal that will help the dollar strengthen later today. This is still the number one driver for me right now.

For more information on how to use this data, you can refer to the article here.

From Giorgio Pirani
October 11, 2023 5:35 p.m

Missiles, the latest generation of drones, intelligent technologies, but also advanced telephones and internet connections for broadcasting around the world – many wonder how Hamas was able to obtain these tools. According to the Wall Street Journalpart of it was taken over thanks to Cryptocurrencies.

Since 2019, Hamas supporters have started doing this Collect donations in Bitcoin. Additionally, other groups linked to the terrorist group use various cryptocurrencies, including Dogecoin, a coin often sponsored by Elon Musk, and the stablecoins Tether and USDC. The latter are pegged to the US dollar and are not subject to the same volatility as other cryptocurrencies.

This doesn’t appear to be the first time this has happened. An analysis by the trade newspaper Coindesk showed that cryptocurrencies play a non-negligible role in recent war scenarios. Volunteers use them to raise funds for the Moscow army, which is struggling with a chronic shortage of basic necessities, war equipment of all kinds, as well as weapons and ammunition.

How many millions of cryptocurrencies have been collected?

According to the Wall Street Journal, in the period leading up to the attacks, three groups – Hamas, Palestinian Islamic Jihad (PIJ) and their Lebanese ally Hezbollah – received significant sums of money via cryptocurrencies. More precisely, the PIJ received 93 million dollars in digital currency between August 2021 and June this year, while Hamas received approx 41 million dollars in a similar period. Although it is unclear how these funds were used, US authorities in 2022 imposed sanctions on Hamas’ investment office, which has assets estimated at $500 million.

The Cryptocurrency transactions Highlight the challenges the United States and Israel have faced in trying to deny these groups access to foreign funds. All three groups have been designated as terrorist organizations by the U.S. government and are therefore subject to sanctions that are expected to restrict their access to the international banking system.

Why cryptocurrencies are being used to finance global conflicts

Cryptocurrencies represent a difficult-to-control virtual financial system that can circumvent traditional restrictions. A report from United States Department of the Treasury of 2020 highlighted the following:

Gaps in financial crime controls on such cryptocurrency platforms could allow terrorist groups to abuse them.

Groups such as the Islamic State and Al-Qaeda have received cryptocurrency donations from the United Nations they appreciate that these represent them 20% of global terrorist financing. To address these challenges, Israel’s National Terrorist Financing Office last July requested the seizure of all digital coins held in 67 customer accounts of Binance, the world’s largest crypto exchange.

Not just crypto: the countries that funded Hamas

But Hamas’s funding does not depend exclusively on cryptocurrencies. According to researchers cited by the Wall Street Journal, Hamas also receives funding from various sources. For example, there are flows of money from Gaza to GazaEgyptand regular financial support from“Iran represents another important source of funding and amounts to approximately $100 million per year.

But it’s not just Iran. For Andrea Molle, Professor of Political Science and Head of the International Studies Master’s Program at Chapman University and interviewed by Rainews:

In 2012 the Qatar he promised to at least donate 400 million dollars, Today there are almost 1 billion earmarked for relief and reconstruction work in the Gaza Strip, of which the country is the largest contributor. The harsh reality is that Hamas receives the majority of its funding through cHumanitarian analia. Some of this money comes from Palestinians living abroad in Europe and North America as well as from private donors residing in the Persian Gulf. In the West, there are many Islamic charities that raise money that is then channeled to groups that on paper provide social services but are controlled by Hamas. The second channel is that of State aidor international organizations such as the European Union. These are very large funds that we know were at least partially intercepted by Hamas and other terrorist organizations.”

Also Sudan, Algeria and Tunisia They have always offered to help Hamas. However, according to Molle, Russia does not appear to be involved in the financing, while China’s role is unclear.

The Role of Bitcoin in the War in Ukraine

There was also a lot of talk about the invasion of Ukraine in the early days of the yearUse of cryptocurrencies, on the Russian side to circumvent sanctions. However, the actual extent of this use was less relevant due to the limitations of a market that represents only a small part of the global foreign exchange market. Still, Coindesk’s analysis showed how groups including Russian influencers and celebrities used it Raise money for the Russian army.

Different Russian organizations such as the Novorossia Aid Coordinating Center (NACC) and conservative organizations such as MOO Veche, use Russian exchanges such as Garantex and Bitzlato, but also important platforms such as Binance, Kucoin and Huobi Avoid sanctions and receive donations from foreign countries.

The world’s major exchanges do not ban these donations, but say they monitor suspicious transactions and work with law enforcement to investigate any abuse. Although the amounts collected by these pro-Russian organizations are not huge, amounting to only a few million dollars in cryptocurrencies, they represent a significant contribution to the Russian military.