Tag Archives: negative

Travel: France enforces negative test results for UK arrivals after amber list rule change

Those travelling to France from a number of European countries will now be required to show a recent negative test when entering the. The changes come in the same week the UK Government updated rules for those returning from France.

However, the rule does not apply if coming back from France and even those who have been double-vaccinated must quarantine for 10 days.

The UK is not the only country to introduce new rules for those visiting.

France has said today it will require people arriving from six European countries to have more documents.

People entering the country must have a negative Covid test taken within the previous 24 hours.

DON’T MISS

This applies to unvaccinated arrivals from the United Kingdom, Spain, Portugal, Cyprus, Greece and the Netherlands.

It came in a statement from French prime minister Jean Castex.

The new rule is set to be enforced from this weekend and adds another barrier for entry for those who have not been vaccinated.

French politician Clement Beaune posted on Twitter: “Coming/returning from Spain and Portugal, but also from Cyprus, Greece, the Netherlands and the United Kingdom: for unvaccinated, an antigen test or PCR of less than 24 hours is required.”

The changes come into effect just days after the UK announced the different amber list rules for travellers from France.

France has also updated the guidance on wearing face coverings in public.

Earlier this year, it was mandatory to wear a mask even when outdoors.

However, the rules were relaxed outdoors in June at the same time a nightly curfew was lifted.

While many areas are still mask-free, some rules regarding face coverings have been reimposed.

Masks are set to be made mandatory when outside again in Pyrenees-Orientales.

There are many things Britons must take into consideration before travelling abroad.

Of course, they must stay up-to-date with the latest travel restrictions from our Government.

However it is also important to research the rules in the country they are entering.

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This post originally posted here Daily Express

Algarve 'lowers cost of travelling' and welcomes Britons without need of negative PCR test

Portugal may be back on the amber list, but the country doesn’t want to lose the much needed UK tourism. While Portugal expects to be added back to the green list in the next review, the country has now eased the measures even more.

Algarve Tourism has announced that UK travellers can now use lateral flow tests to enter the country.

The Government offers lateral flow tests free of charge to all UK citizens.

According to the Portuguese Government, this is now sufficient proof that travellers don’t have Covid-19 to go on holiday.

President of Algarve Tourism, João Fernandes, said: “This will significantly lower the cost of travelling to the Algarve.

READ MORE: Expats: Britons ‘should look to Portugal instead of Spain’

“In the meantime, we continue to implement strict social distancing measures and health and safety operating procedures to keep both tourists and residents safe.”

Lateral flow tests must be carried out within 24 hours of boarding a flight to Portugal.

PCR test had to be done 72 hours in advance of the flight.

The changes, signed off by the Council of Ministers in Portugal, take place with immediate effect.

DON’T MISS

Portugal was the major tourist destination added to the UK’s green list in May.

However, the country was moved to the amber list last week, meaning travellers who want to visit the country have to follow a mandatory 10 day quarantine on return.

Spain also started allowing Britons into the country without restrictions.

Although Spain is currently on the amber list, UK travellers can visit the country with no need to present a negative Covid-19 test.

From July 1, fully vaccinated EU tourists will be able to travel restriction-free.

With the new EU vaccine passport, residents will avoid tests and quarantines if they have been fully vaccinated for 14 days or more.

The UK is currently working on a vaccine passport, although users can access their vaccine records using the NHS app.

The app can be used as proof that a traveller has received the jab when entering a country that allows fully vaccinated tourists.

Currently, some destinations like Spain, France, Cyprus or Greece are allowing fully vaccinated Britons to enter without restrictions.

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This post originally appeared on Daily Express :: Travel Feed

Negative funding rates incentivize traders to long Polygon (MATIC) and AAVE

Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts.

In the crypto markets, traders are usually bullish, or at least the majority of retail investors are. This causes an interesting phenomenon as it incentives arbitrage desks and whales to sell futures contracts while simultaneously buying on regular spot exchanges.

Crypto total market capitalization, USD billion. Source: TradingView

The above chart shows the incredible 240% gain accumulated in 2021 as crypto reached a $ 2.58 trillion total capitalization on May 11. The 53% correction that followed over the next week led to a $ 1.3 trillion bottom, decimating $ 32 billion of futures open interest.

Perpetual futures automatically rebalance daily

Unlike regular monthly contracts, perpetual futures prices are very similar to those at regular spot exchanges. This makes retail traders’ lives a lot easier as they no longer need to calculate the futures premium or manually roll over positions near expiry.

The funding rate allows this magic to occur, and it is charged from longs (buyers) when they are demanding more leverage. However, when the situation is inverted and shorts (sellers) are over-leveraged, the funding rate goes negative, and they become the ones paying the fee.

AAVE 8-hour USDT/USD margin futures funding rate. Source: Bybt

Notice how AAVE presented a positive funding rate throughout most of the last three months, apart from a couple of single 8-hour instances. The typical situation involves leverage longs paying the fee, and it oscillates from 0% to 0.30% per 8-hour period, which is equivalent to 6.5% per week.

On May 19, as cryptocurrency markets collapsed, AAVE’s futures open interest dropped from $ 200 to $ 82 million as longs either closed their positions on stop orders or got forcefully liquidated.

After a couple of days trying to stabilize, the perpetual contracts 8-hour funding rate now stands at negative 0.10%, equivalent to 2.1% per week. In this situation, shorts (sellers) pay the fee, creating an incentive for buyers.

A similar pattern emerged on Polygon (MATIC), which lost 62% on May 19 after marking a $ 2.70 all-time high on the previous day.

Polygon 8-hour USDT/USD margined futures funding rate. Source: Bybt

There have been some 8-hour periods of negative 0.20% and lower funding rates in MATIC’s case, equivalent to 4.3% per week. While this rate oscillates enormously, it creates pressure for short sellers to close their positions as it reduces their margins.

The opportunity is usually short-lived

A negative funding rate creates a safety net for buyers as there are incentives in place to gather strength and try to squeeze the short-sellers.

This is the reason why some analysts refer to the negative funding rate as a buy indicator. However, as soon as shorts close their positions, the situation tends to balance itself, and the funding rate is neutralized.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.