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Acclaimed Local Business Leader Assumes Role as CEO and Executive Director at Western Spirit: Scottsdale’s Museum of the West

Western Spirit: Scottsdale's Museum of the West

Western Spirit: Scottsdale’s Museum of the West, announces today the appointment of highly experienced local business and community leader Todd Bankofier as its new Chief Executive Officer (CEO) and Executive Director, effective May 12, 2023. Bankofier will be at the forefront of Western Spirit’s crucial next phase of growth and development. Western Spirit Board’s search committee conducted a national search that spanned over six months for the CEO and Executive Director position. Bankofier stood out among the applicants due to his extensive experience in Arizona-based business leadership roles as well as his inspirational work in local community service. Bankofier brings decades of knowledge in formulating, defining, and executing short- and long-term business strategies and a proven success record in transforming companies and organizations, pivoting on new tactics, and building healthy cultures, all while consistently exceeding overall expectations. “I am truly honored to have been selected to lead this esteemed organization," said Bankofier. "Countless talented people have dedicated so much of their time and treasure to bring about this museum and make it what it is today. I am committed to working with the outstanding team at Western Spirit to continue advancing the museum’s mission and vision, ultimately guiding our award-winning institution to even greater heights.” David Sherf, Interim CEO of Western Spirit expressed his enthusiasm for hiring Bankofier. "We are so pleased to welcome Todd to our team as the new CEO and Executive Director. Given his proven track record of success in both business and the nonprofit sector, we are confident in his ability to help shape a bold new vision for Western Spirit. With his broad knowledge of cutting-edge technologies, we look forward to seeing Todd leverage the latest innovations to help us engage and inspire audiences worldwide.” Bankofier's background includes working as a legislative aide to Senator Paul Laxalt, serving as Chief of Staff to Jim Bruner of the Maricopa County Board of Supervisors, CEO of the Arizona Technology Council, and holding various executive positions at the Phoenix Chamber of Commerce, XO Communications, and Ensynch. He was the CEO of publicly traded digital-accessibility company Audioeye, the founder and CEO of Fairmont Capital Group, and the Co-founder and CEO of seed-stage SaaS start-up CyberPassport. He has won awards for Top 10 “Valley’s Most Influential” under 40 by The Business Journal (2002), the Valley’s Most Influential Business Leaders (2004), voted one of Arizona’s Top “Young Leaders” in Business (2005), and “Father of the Year” by the American Diabetes Association (2007). Bankofier holds a BS in business management from Arizona State University and is a 35-year resident of Scottsdale. Western Spirit features regularly changing and permanent exhibits of Western and Native American art and artifacts, entertaining events, and informative programs that bring the West’s heritage, culture, and community to life. Featuring The Gather: A Portrait of the American West by Scott T. Baxter and upcoming exhibits such as Werner Segarra: Vaqueros de La Cruz del Diablo, and Western Pop: Andy Warhol & Billy Schenck; and The Railroad Opening Up the West, a model train exhibition. Permanent exhibitions continually on display include Canvas of Clay: Hopi Pottery Masterworks from The Allan and Judith Cooke Collection, which features 65 of the finest examples of Hopi pottery spanning six centuries, the Frankie and Howard Alper Collection of John Coleman Bronzes; and The Abe Hays Family Spirit of the West Collection, a showcase of more than 1,400 saddles, spurs, cowboy gear, and other Old West objects. For more information on Western Spirit: Scottsdale’s Museum of the West, go to Scottsdalemuseumwest.org. About Western Spirit: Scottsdale’s Museum of the West Within months of opening in January 2015, Western Spirit qualified as a Smithsonian Affiliate. The museum has also received the TripAdvisor Certificate of Excellence, enjoys a 4.5 out of 5-star rating on both TripAdvisor and Yelp, and is continually recognized as one of the “Nation’s Best Western Museums” (2022 Editors’ Choice, True West magazine). Also, named to Phoenix Magazine’s 2022 Best of The Valley Readers' Choice: “Best Museum You Probably Don’t Know About”, Arizona Foothill’s Best of Our Valley: “Best Museum” & “Best Annual Charity Event: Saddle Up” and the winner of Your Valley’s “East Valley Favorites” for the museum category. For more information, visit www.scottsdalemuseumwest.org. Contact Details 48 West Agency Alison Rose +1 602-300-3433 alison@48westagency.com Company Website https://scottsdalemuseumwest.org/

May 17, 2023 08:03 AM Mountain Daylight Time

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Else Nutrition targets FDA approval as it eyes news markets for its plant-based infant nutrition

Else Nutrition Holdings Inc

Else Nutrition CEO Hamutal Cohen Yitzhak tells Proactive's Stephen Gunnion that a number of catalyst lie ahead for the company this year, including the launch of its 'ready-to-drink' infant nutrition in the US, its entry to the UK market as a starting point for Europe and Australia as a gateway to China. Importantly, she said the company remains on track to begin its infant growth clinical study for the FDA and European permits. Receiving FDA approval is a very high priority for Else Nutrition, as it believes that becoming the first non-dairy and non-soy FDA-approved infant formula will be transformational. Yitzhak also commented on Else's first-quarter results, which showed an 80% year-over-year increase in revenue to $2.9 million. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 17, 2023 10:00 AM Eastern Daylight Time

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Singaporean Telehealth Platform ORA Raises $10 Million Series A to Modernise Healthcare in the Region

ORA

Singaporean telehealth platform ORA has raised a $10 million USD Series A funding. This is the largest telehealth Series A in South-East Asia and was co-led by TNB Aura and Antler with participation from Gobi Partners, Kairous Capital and GMA Ventures, bringing total funding to date above $17 million USD. ORA is the fastest-growing and biggest vertically-integrated telehealth platform in South East Asia delivering over 250,000 consultations and has experienced uninterrupted monthly growth since its 2021 launch. ORA has launched three brands that serve the modern patient living with chronic conditions, making treatment more accessible, convenient and personal. Modules is a first to market online dermatology experience making personalised, prescription skincare accessible with 676 different formulations, andSons offers male health solutions and OVA delivers female reproductive healthcare. Founded by former ZALORA CMO Elias Pour, ORA is uniquely positioned with a diverse, proven leadership team with rich backgrounds across health, tech and consumer brands. Backed by a robust medical advisory board, ORA’s R&D team draws on experience from L’Oréal and Sephora creating high-touch products and experiences that are IP’d and 100% in-house developed. With a strong attention to customer experience, first to market solutions like Modules, andSons and Ova are meeting modern customer expectations head on. These interactions are translating into deeper patient relationships, building retention rates only rivalled by subscription models like Netflix and unrivalled within the industry. 90% of ORA’s patients are first to condition, under 38 years old and have never been treated before. The disconnect between this younger patient population and the traditional healthcare model is ORA’s biggest opportunity. These new patients have a different set of demands such as flexibility and speed which ORA’s telemedicine model is perfectly placed to treat. ORA’s seamless end-to-end experience joins up the fragmented traditional model, linking consultation, education, pharmacy, delivery and post purchase care for unparalleled convenience. “ORA is on a mission to deliver high touch, high-quality care to millions of patients and with our continued growth story throughout SEA, we are thrilled with today's announcement.” said Elias Pour, ORA’s founder and CEO. “ORA has had over 6 million patient touch points provide us with valuable health data through extensive health evaluations and consultation online. This has brought unique insights into these patient’s healthcare expectations that has and will inform future innovations with our key partners.” “We have the high growth potential of DTC, with a very high percentage of healthcare expenditure in our region being out of pocket. This is powered by an underlying SAAS type of recurring revenue, with subscriptions counting for more than 70% of our revenue and our retention is better than Netflix with 10x the monthly order value. We achieved post marketing breakeven at the end of last year on a group level after just 20 months of going live and have a very clear and believable path to profitability that is imminently ahead of us. With this new round of funding ORA will seek to expand its presence into new territories, both geographically and with new offerings. Later this year ORA’s brands will arrive in retail across 1300 tier one stores bringing its accessible, medically-backed range of products to shelves. Looking at different geographies there are opportunities to expand into regions like the GCC. Charles Wong, Founding Partner at TNB Aura commented: “Since ORA’s early days, TNB Aura has been a firm believer and strong supporter of Elias and the ORA team in their unwavering mission to provide access to affordable high-quality healthcare. Their combined focus on specialised, and often taboo, healthcare verticals as well as a direct-to-patient approach has led the team to clearly differentiate itself while delivering market-leading unit economics that meet the tailored needs of patients across the full value chain.” Teddy Himler - Global Partner at Antler added: “Elias and team have learned from the extraordinary rise of telehealth globally and have applied it masterfully to the idiosyncratic (and often challenging) South East Asia region. We are inspired and supportive of their mission to become the “ Healthcare House of Brands” for the ~1B people in South East Asia and GCC who are underserved by the traditional healthcare system. We think ORA’s platform approach is the future of direct-to-patient healthcare globally.” About ORA ORA is a house of healthcare brands powered by a vertically integrated telehealth platform. Founded in 2020 by ex ZALORA CMO Elias Pour, it is now SEA’s fastest growing digital health provider operating in Singapore, Malaysia and the Philippines with additional markets being launched during the rest of 2023. Its growing portfolio of healthcare brands includes Modules (prescription skincare), OVA (women’s health) and andSons (men’s health). Their HQ is located in Singapore. About TNB Aura At TNB Aura, we are investing in and helping to build the future of Southeast Asia. As a thesis-led, high-conviction venture capital firm, we use data-driven methodologies to identify and invest in select companies that are primed for the future and ready to change the very face of their categories. An approved co-investment partner of Enterprise Singapore, we invest US$2-10 million into Series A and B tech startups - and beyond that, we become true partners in their quest to uplift lives of The Next Billion. About Antler Antler is the investor backing the world’s most driven founders from day zero to greatness. Founded on the belief that people innovating is the key to building a better future, we partner with people across six continents to launch and scale high-potential startups that address meaningful opportunities and challenges. Knowing that exceptional founders can come from anywhere with any background, we have offices in 25 cities, including Austin, New York, London, Berlin, Stockholm, Bangalore, Jakarta, Singapore, Seoul, Tokyo, and Sydney. Our global community backs people from the beginning with co-founder matching, deep business model validation, initial capital, expansion support, and follow-on funding. Fueled by a personal passion that goes beyond traditional investing, we have helped create and invested in more than 750 startups across a wide range of industries and technologies, with the goal of backing more than 6,000 by 2030. Contact Details ORA Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.ora.group/

May 17, 2023 07:00 AM Eastern Daylight Time

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More Than Just a Room: How Airbnb Can Help You Travel Like a Local -- on a Budget

YourUpdateTV

Want to travel like a local, but on a budget? Airbnb is a great option for those looking to experience a destination authentically without breaking the bank. Recently, Airbnb Superhosts, Rhonda Voo and Eric Alan conducted a satellite media tour to talk about their experience being Airbnb hosts and how it helped them connect with people and have authentic experiences. A video accompanying this announcement is available at: https://youtu.be/6OnoHquTFMg In the current economic environment, people want to travel affordably. And after years of being isolated during the pandemic, they're looking for ways to connect with people and have authentic experiences. With the pandemic finally over, this summer is anticipated to be the biggest travel season of all time. Airbnb is expecting a record 300 million people to travel and host on Airbnb this year. To prepare, Airbnb is making the most extensive set of improvements to the platform ever, starting with the introduction of Airbnb Rooms, an all-new take on the original Airbnb. They’re also launching over 50 new features and upgrades that address top feedback from our guests and Hosts across the end-to-end Airbnb experience. Introducing Airbnb Rooms Airbnb began as a way to stay in a room in someone else’s home. This original idea of sharing a home offers two unique benefits. First, it’s more affordable for guests. More than 80% of private rooms are under $100/night, with an average rate of $67/night. Second, staying with a Host is a great way to meet someone new and experience the city like a local. In the current economic environment, people want to travel affordably. And after years of being isolated during the pandemic, they're looking for ways to connect with people and have authentic experiences. Now is the perfect time to stay in a room in someone else’s home. But for even more people to try it, they have to feel comfortable staying with a Host. Airbnb Rooms, an all-new take on the original Airbnb. Guests have told us that they want to know more about who they're staying with. Every Airbnb Room features a Host Passport, which helps guests get to know their Host before booking their stay. Airbnb has also created a Rooms category with over 1 million listings, redesigned filters and added new privacy features. 50+ new features and upgrades based on Hosts and Guests feedback: In preparation for an anticipated record-setting travel season, Airbnb is improving nearly every aspect of their service, here are some of the upgrades: Host Passport - Exclusive to Airbnb Rooms, the Host Passport helps you get to know your Host before booking your stay. Simply tap the Host Passport to view a larger photo and details Hosts have shared about themselves, including where they went to school, what they do for work, a fun fact about themselves, the amount of social interaction during the stay, and much more. Airbnb Rooms category - Airbnb Rooms are easy to discover, with a new category featuring a curated set of 1 million private bedrooms. Each listing includes access to shared spaces, such as the kitchen, living room, and backyard. Redesigned filters - Redesigned the “type of place” filter to make it easy to switch between Airbnb Rooms, entire homes, or all types of places. It’s simple to view the average price for each type of place with an enhanced price filter that updates based on your choice. New privacy features - Privacy is important. All Airbnb Rooms will clearly indicate if the bedroom door has a lock. The listing page also shows whether the bathrooms are shared or private, and whether people other than the Host will be in the home during your stay. To improve our service, Airbnb took a design-driven approach. They started by storyboarding the guest and Host journey - from sign up to checking out and created a blueprint of the experience - every screen, every policy, and every interaction with customer support mapped out. Then, analyzed millions of customer service tickets and mapped them across the journey. They also reviewed thousands of social media posts and spoke with hundreds of thousands of guests and Hosts about how to improve Airbnb. To find out more about the Airbnb 2023 Summer Release and how to become a host, visit Airbnb. About Rhonda and Erica Rhonda Voo and Eric Alan are superhosts of a private room in their stunning home in LA. Rhonda and Eric are both creatives at heart, pursuing careers in art and advertising – over the years they transformed their modest home into what is now an architecturally significant landmark in LA. After raising their three daughters, they noticed there was plenty of extra room around the house and decided to open their home to guests on Airbnb. Their experience continues to be rewarding — both financially and personally, making meaningful connections with visitors from around the globe. About Airbnb Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home and has since grown to 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe. Every day, Hosts offer one-of-a-kind stays and unique Experiences that make it possible for guests to experience the world in a more authentic, connected way. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 16, 2023 03:00 PM Eastern Daylight Time

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Hawkish vs. Dovish: Monetary Policy Effects on Forex Traders

LonghornFX

Monetary policy is one of the most important parameters influencing foreign exchange (forex) rates because central banks globally control the total currency in circulation by manipulating monetary policy tools such as interest rates and open market operations. Over the past year, central banks around the world have deployed monetary policies to stabilize their economies amid increasing macroeconomic headwinds, resulting in heightened volatility in the forex market. What are Hawkish Monetary Policies? Hawkish monetary policies aim to curb the total currency in circulation, thereby appreciating the value of the respective currency. These policies include raising the benchmark federal funds rate, raising reserve limits for commercial banks and financial institutions, and selling government securities in the open market. These monetary tools restrict the total currency supply in the market, resulting in lower inflation rates and stronger currency value. While the primary goal of a contractionary (or hawkish) monetary policy is to combat rising inflation rates, it deters unsustainable speculative spending and asset bubbles. However, these measures are often detrimental to economic growth and can result in deflation and high unemployment. What are Dovish Monetary Policies? Dovish or expansionary monetary policy aims to increase the total currency in circulation to encourage spending and capital investments. The Federal Reserve uses a plethora of tools such as lower interest rates, quantitative easing and shrinking bank reserve requirements to execute a dovish strategy. Lower federal funds rate and discount rates along with reduced reserve maintenance requirements boost the lending capacity of banks, which in turn increases the credit usage of consumers in an economy. Quantitative easing policies such as buying government securities like Treasury bills in the open market increase the supply of the dollar. Dovish monetary policies are designed to fuel economic growth and reduce unemployment. But if left unchecked, such policies can harm the economy as it creates inflationary pressures and devalues the benchmark currency. Impact of Monetary Policy on Forex Trading Monetary policy is by far the primary driver of forex rates globally, as central banks heavily influence the total supply of currencies in the international market. A hawkish, or restrictive monetary policy, reduces the total supply of currency in circulation, causing its value to appreciate in the forex market. Conversely, an expansionary, or dovish monetary policy, focuses on boosting the total money supply, creating an excess supply in the forex market. This leads to a devaluation of the currency, causing corresponding forex rates to plummet. Keeping updated with monetary policy-related information periodically released by central banks worldwide is key to becoming a successful forex trader. Novice and seasoned traders alike should follow all government news releases in order to predict forex trends as well as make calculated decisions regarding future monetary policy decisions. The Federal Open Market Committee (FOMC) usually meets eight times a year (dates are displayed on the Federal Reserve website), following which it releases FOMC minutes of the meeting. These data releases give insights into the central bank’s future monetary policy decisions. Past Monetary Policy Decisions That Affected Forex Traders The Federal Reserve undertook one of the most aggressive hawkish stances in history last year to counter the burgeoning inflation crisis. Central banks around the world raised interest rates periodically throughout last year and this year to tackle rising prices, with the U.S. Federal Reserve raising its benchmark federal funds rate eight times in 2022 and once this year. Following the ninth consecutive rate hike, the federal funds rate currently stands at the highest level since 2007. Thanks to the hawkish policies, the U.S. dollar appreciated by more than 12% last year to hit a 20-year high last September. But the Fed assumed a polar opposite stance during the first wave of COVID in March 2020, slashing the benchmark interest rates to near zero and launching a sizable bond buyback program. The U.S. dollar delivered its worst performance in three years. The index plummeted by over 6% throughout 2020, marking the biggest decline in the reserve currency since 2017. How Forex Traders Can Use This Knowledge to Make Informed Decisions It is common knowledge that a hawkish monetary policy typically coincides with currency appreciation, resulting in profits for forex traders that assume a long position. A dovish stance, on the other hand, causes a currency to lose value in the open market. Traders predicting central banks will adopt a dovish stance can short the respective currencies as they expect their values to decline in the near term. Other Factors Influencing Forex Rates Only knowing the difference between hawkish and dovish policies and leveraging that information for forex trading is not sufficient and can lead to immense losses. Even though the Fed raised interest rates once this year and signaled one or two more hikes by year-end, the U.S. Dollar Index erased all 2022 gains in less than four months in 2023. This is because traders are now worried about the ramifications of a potential recession and the worrisome banking crisis. Other macroeconomic data and geopolitical relations should also be considered in tandem with the monetary policy before making an informed decision. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

May 16, 2023 01:12 PM Eastern Daylight Time

Does the Economic Calendar Affect the Forex Market?

LonghornFX

The economic calendar is a tool used by investors to keep track of important economic announcements and releases that can influence the forex market. It provides a schedule of economic events and their expected impact on the global markets. Economic events can have a significant effect on the currency exchange rates, and understanding the schedule of such events can help traders make informed decisions when trading in the forex market. What is the Economic Calendar in Relation to the Forex Market? The Economic Calendar is an invaluable tool for forex traders. It contains a list of all the events expected during the trading day for each currency, their estimated impact on the markets, their release times, the consensus opinion and what the previous event’s results were. It can provide traders with foresight into developments that could significantly affect the value of certain currencies and offer valuable insight before they take positions. The majority of events listed in an economic calendar tend to focus on economic reports worldwide that have implications for a given country. Examples include gross domestic product (GDP) data, employment reports, central bank announcements, consumer sentiment surveys and hundreds of other types of data releases. Monitoring the movement of these news items closely can give traders valuable insight into how various factors may influence the markets. Having access to this information allows traders to make informed decisions when placing trades or taking positions. Understanding the Impact of Economic Calendars on the Forex Market One of the key factors that can affect the forex market is the release of key economic data. Economic news can have a direct impact on the value of a currency, and understanding these events and their potential effect on the currency exchange rate can help traders make more informed decisions. In addition to the direct effect of economic data on the forex market, the economic calendar can also provide insight into future events, such as central bank rate changes scheduled for the coming months. Knowing when central banks are expected to raise or lower interest rates can help traders anticipate how such changes might affect the value of a currency. The economic calendar also provides information about upcoming political events, such as elections and referendums, and how they might affect the markets. Political events can create volatility and uncertainty in the markets, and being aware of upcoming events can help traders take appropriate precautions. The economic calendar can provide information on scheduled economic reforms, such as changes to trade policies and how they might affect the currency exchange rate. How Do Forex Traders Use the Economic Calendar? The economic calendar plays an essential role in the life of a forex trader. It can be used to plan trades, track economic data releases and analyze market movements. Using the economic calendar, a forex trader can track major economic data releases that can influence currency pairs. By tracking these releases, a forex trader can identify potential opportunities to enter or exit positions. The economic calendar also provides a forecast of expected results for each economic data release. This forecast can be used to plan ahead for a potential trade. The forecast also provides an idea of the volatility that may be expected in the market after the data release. In addition to tracking economic data releases, the economic calendar can also be used to identify upcoming economic events. For example, if a major central bank is set to announce a policy decision, a trader can use the economic calendar to follow the event. The economic calendar can also be used to track market movements. This can help a trader to identify potential trading opportunities and take advantage of them. For example, if a currency pair is trending in a particular direction, a trader can use the economic calendar to track the trend and enter or exit positions based on the data. Strategically Trade Forex with the Economic Calendar The economic calendar is an invaluable tool for forex traders to make better-informed decisions. Knowing when to expect news releases and what those releases mean for the market can help traders be prepared for potential volatility. By using the economic calendar, forex traders can make informed trading decisions and stay on top of potential market changes. Now that you know how to use the economic calendar, it's time to take action and make your forex trading decisions with confidence. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

May 16, 2023 01:04 PM Eastern Daylight Time

Whats the Real Impact of Interest Rates on Forex Traders?

LonghornFX

Interest rates are the most important economic parameters influencing the forex market. Central banks worldwide employ interest rate hikes or reductions in order to regulate the total supply of currencies in the market. An increase or decline in total currency in circulation has a material impact on its value and related exchange rates. The Federal Reserve hiked the benchmark interest rate, or the federal funds rate, seven times in 2022, causing the greenback to appreciate by more than 12% last year. The reserve currency hit a 20-year high last September. So far this year, the U.S. Dollar Index gained 1.08%, as the U.S. central bank hiked the federal funds rate by 25 basis points last month. But interest rates and currencies have a complex relationship, as currency exchange rates can fall even if central banks maintain a hawkish trend. The U.S. dollar fell by nearly 7% in three months from November last year to January, despite the Fed’s repeated promises regarding aggressive rate hikes in the near term. Having a sound understanding of interest rates and their impact on currency exchange rates is crucial for all forex traders. Take a closer look. What Is the Impact of Interest Rates on Currencies? The interest rates set by central banks have a huge impact on an economy’s functioning, inflation levels, growth and employment. The federal funds rate is the base rate used to determine all other commercial interest rates on all credit products. Banks and other financial institutions typically add spreads to the benchmark rates to set the interest rate charged on auto loans, home loans, business loans and credit cards. If the Fed hikes the federal funds rates, commercial borrowing between banks becomes more expensive, thereby reducing the demand for the same. In the long term, it increases the total cost of credit, discouraging borrowing and consumer spending. On the other hand, lowering the benchmark interest rate can boost credit demand, leading to increased consumer spending and total gross domestic product (GDP). Analyzing Forex Interest Rate Differentials Trading net interest rate differentials is one of the most popular forex trading strategies. Forex traders aim to capitalize on the different benchmark interest rates set by central banks of different economies while trading the respective currency pair, thereby earning interest in addition to capital gains. The U.S. federal funds rate is higher than Japan’s policy rate. Traders willing to trade the USD/JPY pair can borrow Japanese yen and buy U.S. dollars with the same and invest the same in USD interest-bearing tools such as Treasury bills. Forex traders can generate net interest on the carry trade with this strategy, in addition to potential capital gains if they sell off the currency pair at a profit. How to Forecast Central Bank Rates While forecasting a central bank’s next move can be challenging, several economic parameters and data models help traders predict upcoming policy changes somewhat accurately. The federal funds futures contracts, traded on the Chicago Mercantile Exchange (CME), are one of the best indicators of market expectations regarding the interest rate trajectory. These cash-settled futures contract prices reflect the market prediction for the monthly effective federal funds rate and forecast a potential rate hike or cut in the near term. The Fed dot plot is also another popular tool used by forex traders to forecast the central bank’s next move. The statistical chart tracks the official projections for the short-term interest rates made by regional Federal Reserve governors and other officials, including the Fed chair. This allows investors to ascertain the trajectory of interest rates in the economy. Forex Interest Rate Trading Strategies Several profitable interest-rate trading strategies are out there. While experienced traders often opt for interest rate differential currency trades, trading news releases is also a profitable forex strategy. Based on their prediction regarding the central bank’s monetary policy actions in the near term, traders can buy and sell currency pairs immediately after any interest rate news releases become public, at a time when exchange rates are most volatile. Tracking other economic parameters such as inflation and unemployment levels can also help traders forecast the Fed’s next move more accurately. Economic Backdrop and Interest Rates Interest rates are one of the most important economic parameters influencing currency exchange rates. Keeping track of the current economic scenario and the Fed’s outlook on economic growth prospects can help traders forecast the interest rate trajectory better. With inflation being one of the biggest concerns since mid-2021, the Fed has been focused on raising rates to control the price levels since last year. The central bank aims to maintain its aggressive hawkish stance, as stated by Fed officials and Chairman Jerome Powell several times in the past few months. But with recession warnings in place, traders should keep an eye on the official projections made by the Fed as well as the market expectations in order to determine the interest rate trajectory and its impact on the currency exchange rates. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

May 16, 2023 12:58 PM Eastern Daylight Time

Can Trailing Stop-Loss Orders Lead to Winning Trades?

LonghornFX

Pinpointing the right approach to placing winning trades is challenging. After you’ve designed a potentially profitable trade, you need tools to help you manage your risk. Not only do you need to monitor your risk, but you’ll also want to quickly react to changing prices. Using trailing stop-loss orders can be effective for risk management by giving you a proactive method to adjust to future price movements. You can use them in the stock market, currency trading or other asset markets to limit losses. What are Trailing Stop Losses? You can think of a trailing stop-loss order as a variation of a stop-loss order. A stop-loss order is a limit order where the trader designates a level to close the trade once a stop price is hit. In a trailing stop-loss approach, the stop price is set at a specific level or percentage of the entry price. This level is below your entry price if you are long. The stop price moves with the security’s price so that if you have a winning trade, the stop-loss level gets farther away. But if the movement of the price is not favorable, the stop price can stay in place. Day traders often use trailing stop-loss orders to manage fast-moving markets. This approach can help reduce risk when trading securities like currency pairs. But the strategy has its downsides. If the price isn’t trending in your favor, it can lead you to lock in losses. In addition, determining the stop price can be challenging because of rapid price movements. Types of Trailing Stop-Loss Methods Used by Forex Traders Forex markets can move quickly, which makes a trailing stop-loss strategy useful in currency trading. Forex traders can often use multiple types of trailing stop-loss approaches. Some of them include: Manual Trailing Stop Loss This approach to trailing stop loss in currency trading is one where traders don't use software to automatically adjust the stop price. Instead, the trader relies on manually judging when and where the stop-loss order should be moved to reduce risk and increase profits. Say you were involved in currency trading and bought a forex pair using this approach. You might set the stop loss 5% below the price at which you bought the pair. If the price of the forex pair increases or decreases, you may have to manually adjust the stop price to reduce risk. If the price increases to 10% above your entry level, you may want to increase your stop price and adjust it to your entry-level price or lower. Indicator-Based Trailing Stop Loss Traders who use an indicator-based trailing stop loss still have to make manual adjustments to the trailing stop-loss order. These adjustments are based on an indicator that measures the average true range (ATR) of the assets. ATR provides an estimate of an asset's movement over a given time period. Imagine you were trading forex using the indicator-based approach. In such a case you could use the ATR, or similar indicators, of the currency pair to determine its movement. Afterward, you may adjust the stop price to be below the pair’s price to minimize risk. Price-Based Trailing Stop Loss Price-based trailing is another commonly used method of placing a stop price. Instead of calculating percentage differences, you determine a fixed price level where you would like to use a stop-loss order. For example, if you paid 1.1 for USD/EUR, you may set the stop price to 1.0 USD/EUR. If the price rises to 1.11, you may set the stop price to 1.01 USD/EUR. As the price of the pair increases or decreases, the stop price moves alongside it. Using a price-based trailing loss may be simpler to quickly input than a percentage-based trailing stop loss, though the price can also become irrelevant if the market moves significantly. How Can Trailing Stop-Loss Orders Help Traders Maximize Profits? A trailing stop loss provides some protection for positions in fast markets because the orders are already placed and can execute when the stop price is triggered. If you want to set levels to maximize your profits, you can set stop levels at levels near recent highs. This may help liquidate the trade at the highest price possible. You can also adjust the stop price by specifying a percentage difference from current market price, which can help to limit losses and reduce risks. It is a useful tool for getting out of trades according to market conditions. Combining Trailing Stop Loss with Other Strategies to Increase Profits Combining trading strategies is an approach that experienced traders may use to trade securities and forex pairs. The trailing stop-loss strategy can be combined with winning strategies with the aim of increasing profits. If you are a day trader, you would not hold overnight positions, but your trades may be subject to fast market movements during the day. Deploying a trailing stop loss gives you the ability to manage multiple positions without worrying about getting carried out on a trade. Stay Nimble with Trailing Stop-Loss Orders A trailing stop-loss order may be used to reduce risk and increase the potential for profits. It allows traders to set a stop price at a specific percentage of an asset price. The stop price then moves along with the price of that asset or currency pair. If you are long, the trade is liquidated when the price drops below the stop price. Whether to use this approach depends on your goals and risk tolerance. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghorFX LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

May 16, 2023 12:51 PM Eastern Daylight Time

A2Z Smart Technologies Announces Corporate Update

A2Z Smart Technologies Corp.

A2Z Smart Technologies Corp. ("A2Z") ("Company"), (NASDAQ: AZ ) (TSXV: AZ ), today announced a corporate update: General A2Z is focused on its transition from a research and development company to a full-to-market product company, delivering cutting-edge solutions to clients worldwide. With our recent achievements, including mass manufacturing capabilities and a strong leadership team led by Guy Mordoch CEO of its Cust2mate smart cart business, A2Z is experiencing increasing growth in the number of smart carts ordered and in the number of chains ordering our smart carts. Update re Yochananof: A2Z recently announced that further to the existing purchase of 1,300 Smart Carts from the leading grocery chain Yochananof for aggregate revenues of approximately NIS 35 million (~USD$ 12.0 million; ~CAD $13.8 million), Yochananof informed the Company of its intention to purchase up to an additional 1,700 of the Company's new generation smart carts. This expansion is a testament to the success and effectiveness of the Cust2Mate smart cart solution, which has significantly improved customer satisfaction and loyalty, and revenue for Yochananof. The increased order reflects Yochananof's confidence in the technology and its commitment to enhancing the shopping experience for its customers. Update re New Client Hastock: HaStok Concept Ltd. (“Hastok”), one of Israel’s leading home design and household essentials chain with 40 stores across the country, has partnered with Cust2mate for the order of 1,000 smart carts. The partnership marks a significant expansion for A2Z’s smart cart solution into a new vertical outside of grocery retail. The order is comprised of an upfront payment, a guaranteed monthly payment, and a revenue share agreement on added value solutions, such as advertising. The collaboration with Hastok demonstrates the growing demand and value of the Cust2Mate smart cart solution. Business Model: A2Z Smart Technologies Corp is undergoing a significant shift in its business model to enhance flexibility and provide greater value to clients. While the outright purchase of smart carts has been the traditional approach, we are introducing a subscription-based model to offer clients a more cost-effective and customizable solution. Under this model, clients will have access to our smart carts on a multiyear subscription basis, paying a one-time upfront fee along with monthly charges which will also cover hardware and software maintenance, service, and updates. The length of the subscription period will be tailored to each client's unique requirements. This transition allows us to retain ownership of the smart carts, lower manufacturing costs, and generate steady revenue growth as the installed base expands. Furthermore, our smart carts serve as a digital services platform, acting as a marketplace for retail-directed apps and services. With integrated touch screens and real-time data, our Cust2Mate smart carts can provide shoppers with valuable information, including purchase details, ingredient listings, allergy information, and in-store navigation. Simultaneously, stakeholders such as retailers, manufacturers, advertisers, and third-party service providers can leverage this platform to deliver personalized promotions, advertisements, e-coupons, and other digital services directly to shoppers at the point of decision-making. By sharing revenues with these stakeholders, we create a win-win situation, fostering increased revenue streams for all parties involved. We anticipate that digital revenues from the Smart Cart Marketplace will grow substantially, enabling us to reduce the net cost of our smart carts for retailers while delivering added value to shoppers, retailers, and manufacturers. In addition, in many instances the retailer presently has limited information regarding the actions and decisions of the shopper until the actual time of payment. We are developing software for our smart carts to generate a wealth of data on such shopping behavior which can be mined, analyzed and monetized through data as a service or product offerings tailored to each of the stakeholders in the retail industry. Pilot Updates Cust2Mate has successfully initiated working pilots across multiple continents, showcasing the global reach and versatility of our smart cart solution. These pilots have been deployed in various locations, including the US, Mexico, the middle east and leading retailers in Europe. These pilots have demonstrated impressive performance and achieved notable successes. Outlook: Bentsur Joseph, CEO of A2Z sated "we believe that several of these pilots will turn into roll-outs and that we are poised for continued growth and success as a leading provider of smart cart solutions in the retail industry. With our innovative technology, new generation carts, expanding customer base, and strong market presence, the company is well-positioned to meet the increasing demand for seamless and personalized shopping experiences. A2Z remains committed to driving further expansion, delivering exceptional value to its clients, and generating sustainable long-term growth and profitability." Growth and Financial Results: "We are thrilled to have turned the corner from being primarily a research and development company to becoming a full-to-market product company," said Bentsur Joseph, CEO of A2Z. "Our growth and recent achievements are a testament to the dedication and hard work of our team, as well as the tremendous market potential for our Cust2Mate smart cart solution. We are proud to deliver innovative technology and hardware solutions to clients worldwide, transforming the retail industry and enhancing the shopping experience." He continued to state: ”Our financial results are growing significantly, we are pleased to report strong financial performance for the first quarter of 2023. Q1 Revenues reached $4,608,000, representing a 318% increase from $1,446,000 during the same period the previous year. Gross profit for Q1 amounted to $1,021,000, a significant 370% increase from $276,000 during the same period of the previous year.” Leadership Leading the charge at Cust2Mate is CEO Guy Mordoch, a highly accomplished leader with a prestigious resume in operational growth. With over 25 years of experience in multi-industry and global leadership roles, Guy has a proven track record of building and transforming businesses, creating scalable infrastructure, developing innovative products and solutions, and penetrating new markets. Commenting on his role, Mordoch stated, "My objective as CEO of Cust2Mate is to lead the company as the dominant provider of smart cart, digital and data solutions to the global retail industry. I am excited about the tremendous growth opportunities ahead of us and the positive impact our solutions have on both retailers and consumers." Recent $AZ Press Releases: A2Z Smart Technologies Launches Next Generation V2.8 Light Smart Cart - READ MORE A2Z Smart Technologies Launches Revolutionary Modular Smart Cart for Global Retail - READ MORE Cust2Mate, A2Z Smart Technologies Subsidiary, Appoints Guy Mordoch as CEO - READ MORE A2z Cust2mart, A Leader In Smart Cart Technology Announces Successful Trial Of Computer Vision Product Recognition Solution READ MORE A2Z Partners with HaStok to Deploy 1,000 Smart Carts to their 40 Locations Nationwide READ MORE A2Z Smart Technologies Continues Rollout of Cust2Mate Smart Carts to Yochananof Supermarkets READ MORE This Week on MoneyTV with Donald Baillargeon WATCH A2Z Cust2Mate announces efforts to reduce food waste and increase sustainability in the retail grocery supply chain READ MORE About A2Z A2Z Smart Technologies Corp. creates innovative solutions for complex challenges. A2Z's flagship product is an advanced proven-in-use mobile self-checkout shopping chart. With its user-friendly smart algorithm, touch screen, and computer-vision system, Cust2Mate streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply "pick & go", and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf-space and manpower requirements, and advanced command and control capabilities for store managers. Contact Information: Hanover International Inc. Jh@hanoverintlinc.com (1) 760 564 7400 Cautionary Statement Regarding Forward-Looking Statements The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com ) and with the Securities and Exchange Commission (see www.sec.gov ). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere. SOURCE: A2Z Smart Technologies Corp. Contact Details Hanover International Inc. +1 760-564-7400 Jh@hanoverintlinc.com Company Website https://a2zas.com/

May 16, 2023 12:42 PM Eastern Daylight Time

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