Euro Currency Trading


Euro Currency Trading

Euro Currency Trading

 

 

Euro Currency Trading, The euro is the second most heavily traded currency after the dollar, almost all traders will have traded USD/EUR

 

 

Euro Currency Trading

Euro Currency Trading

 

 Euro Currency Trading

 

 

Euro Currency Trading

 

Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

Euro Currency Trading

Euro Currency Trading

 

 

Euro Currency Trading

Euro Currency Trading

Euro Currency Trading

Any forex trader can benefit from knowing about the background to euro currency trading. The euro is the second most heavily traded currency after the dollar, with the USD/EUR pair having the highest trading volume of any currency pair. Just about all forex traders will have traded either USD/EUR or another EUR currency pair at some time in their trading careers, and probably will do so again.

There are certain points about the status of the euro that affect its price. These are fundamental factors that could give a knowledgeable trader an edge in euro currency trading, or at least prevent some costly mistakes.

The euro is a very young currency. It was introduced in stages between 1999 and 2001 in most of the countries that use it, and even later in a few others. However, it is not the currency of all European countries. While there are 27 countries in the European Union, only 16 are members of the European Monetary Union or Eurozone. A further 5 countries use the euro without being members of the EMU.

One important exception to the use of the euro is Britain, where the sterling or pound currency known as GBP in the Forex market is still used, even though Britain is a member of the European Union. GBP is the fourth most heavily traded currency, after the US dollar, euro currency trading and the Japanese yen.

Hard on its heels in the Forex market is the Swiss franc (CHF). Maintaining its historical independence and neutrality, Switzerland has not joined the EU at all.

The European Union, originally known as the European Economic Community or EEC, had its origins in international trade agreements reached as part of the Treaty of Paris in the early 1950s. Gradually it grew to include more countries and lower more trade barriers within Europe. In the 1990s the EMU introduced the idea of a multinational European currency and the European Central Bank (ECB) was formed to administer it.

Therefore, the euro is different to other currencies in that it is not so closely tied in with national economics. Of course some countries in the Eurozone are more significant economically than others. Around 75% of the total GDP of the Eurozone is produced by just 4 of the 16 countries: Germany, France, Italy and Spain.

While events in those four countries can have an effect on the euro, it is not so dramatic or direct as the relationship between the economic status of most countries and their currency. The multinational status of the euro also affects the way the the ECB operates. Unlike the US Federal Reserve, its decisions are made without reference to national politics or factors such as employment rates. Its remit is solely to set interest rates and maintain stable prices across its member nations.

For this reason, the ECB has a hawkish tendency, being more likely to favor increases in interest rates. The euro interest rate will tend to be raised quickly in times of rising prices, and will be slow to fall, compared with a national currency such as GDP or USD. This is something that traders involved in euro currency trading need to remember when they are considering fundamental factors affecting the euro.

 

Euro Currency Trading

Euro Currency Trading DAILY MARKET REPORT
February 2nd 2017

EUR/USD EUR / USD

Euro Currency Trading

 

The EUR/USD pair closed the day marginally lower round 1.0770, not far from a daily high 1.0807 high reached ahead of London’s opening, with the dollar maintaining a weak stance and poised to decline further. Majors traded within a well-limited range during the Asian and European sessions, with the pair holding a few pips below the 1.0800 threshold, even despite the EU final Markit Manufacturing PMIs for January which confirmed that growth in the region entered 2017 with a strong footing. The German manufacturing sector growth hit a three-year high in January, despite a modest downward revision to 56.4 from the initial estimate of 56.5, while for the whole region, the final reading was revised higher, up to 55.2 from 55.1 its highest in over six years.

Solid US data pushed the USD higher early US session, as the ADP employment survey came in much better-than-expected, at 246K from previous 153K and market’s consensus of 165K, whilst manufacturing PMIs also confirmed an acceleration in growth’s pace at the beginning of the year, with official ISM manufacturing PMI up to 56.0 from December’s 54.7. As largely expected, the US Federal Reserve monetary policy meeting was a non-event, as the Central Bank left its policy unchanged, and offered no clues on what’s next. Still, chances of a March rate hike have diluted after the neutral stance, putting the greenback under pressure across the board.

Technically, the pair is poised to extend its advance, given that in the 4 hours chart, the price bounced from a bullish 20 SMA, around 1.0735, whilst technical indicators recovered their bullish slopes after a modest downward correction within positive territory. The Momentum indicator in the mentioned chart heads higher at fresh weekly highs, supporting additional gains for the upcoming sessions. Still the pair faces a tough resistance between 1.0800 and 1.0840, where it bottomed for most of 2015 and 2016, while the 50% retracement of the November/January decline stands a 1.0820. An advance beyond this region is required to confirm a new leg higher, towards the 1.0930 price zone, the 61.8% retracement of the mentioned decline.

Support levels: 1.0650 1.0610 1.0565

Resistance levels: 1.0710 1.0740 1.0770

Euro Currency Trading

Euro Currency Trading

 

USD/JPY Euro Currency Trading

The USD/JPY pair settled a few pips above the 113.00 level, recovering modestly, but still at risk of a bearish extension, given market’s reaction to FOMC’s latest monetary policy meeting outcome. The pair traded in the green for most of the day, supported by easing risk aversion, as stocks in Asia and Europe recovering following strong Chinese growth figures, and extended up to 113.93 following better-than-expected US employment and manufacturing data. Also, positive data coming from Japan at the beginning of the day, helped ease risk aversion among Asian investors, as the Markit/Nikkei Japan Final Manufacturing came in at 52.7, up from 52.4 in December, indicating that manufacturing activity expanded at the fastest pace in almost three years as export orders surged. But the pair retreated after the FED failed to trigger dollar’s demand, and with the pair having been rejected from the 114.00 region, the risk remains towards the downside. In the 4 hours chart, the price remains well below a bearish 100 SMA, currently around 114.00, whilst the Momentum indicator heads higher within bearish territory, but the RSI indicator hovers around 43 with no clear directional strength. The pair fell down to 112.82 as an immediate reaction to the FED, being now the level to break to confirm additional declines for this Thursday.

Support levels: 112.80 112.50 112.00

Resistance levels: 113.45 113.90 114.30

Euro Currency Trading

Euro Currency Trading

 

GBP/USD Euro Currency Trading

The GBP/USD pair advanced up to 1.2679 this Thursday, surpassing January’s high by a  few pips and ending the day a handful of pips below it. Pound strengthened at the beginning of the day following the release of Markit Manufacturing PMI for January, as the index came in at 55.9 for the month, below December’s two and-a-half years of 56.1. According to Markit, output growth was at a 32-month high, but input costs posted a record increase, due to the sharp fall of the  Sterling following the Brexit referendum. From a technical point of view, the pair could advance further this Thursday, as in the 4 hours chart, the price is well above a now bullish 20 SMA, whilst technical indicators consolidate near overbought territory, in line with the low volumes at this time of the day. Seems unlikely that the pair will move much during the upcoming Asian session, as the market will probably wait for the outcome of the BOE’s monetary policy meeting, and rush to price in the Quarterly Inflation report.

Support levels:  1.2625 1.2580 1.2535

Resistance levels: 1.2680 1.2730 1.2770

Euro Currency Trading

Euro Currency Trading

 

AUD/USD Euro Currency Trading

The AUD/USD pair continued trading uneventfully in a well-limited range this Wednesday, although  the risk is towards the upside, given that the pair holds near the 0.7600 level, and intraday downward moves are being quickly reversed. Chinese data and a recovery in base metals supported the Aussie at the beginning of the day, whilst the FOMC neutral stance put it on positive territory at the end of the day. The fact that the pair can break towards the upside, despite broad dollar’s weakness, may make bulls hesitate if the ongoing situation persists, but it will take a break below 0.7450 to confirm a bearish extension. Spikes above 0.7600 have been so far reversed, so it will take some follow-through beyond 0.7610 to confirm additional gains which can see the price advancing up to 0.7700. In the 4 hours chart, the price has held above a flat 20 SMA, but technical indicators turned lower, currently around neutral territory, giving no clues on what’s next for the pair.

Support levels: 0.7530 0.7490 0.7450

Resistance levels: 0.7610 0.7645 0.7690

Euro Currency Trading

Euro Currency Trading

 

GBP/CAD Euro Currency Trading

The GBP/CAD recovered the ground lost this week, settling around 1.6510, once again led by the Pound. The Sterling edged sharply higher against all of its major rivals, backed by solid UK data, still proving resilient to Brexit woes. The Canadian dollar closed the day flat against its American rival, unable to rally despite a sharp recovery in oil prices. Technically, the 4 hours chart for the cross shows that the price recovered above a horizontal 20 SMA, while the Momentum indicator heads north well above the 100 level, whilst the RSI indicator hovers around 57, leaning the scale towards the upside. Still, the pair has a strong static resistance in the 1.6560 region, from where the pair retreated multiple times during the last few days. A steady advance beyond the level is then required to confirm further gains, which can extend up to 1.6688, December 28th monthly high.

Support levels: 1.6510 1.6460 1.6420

Resistance levels: 1.6560 1.6615 1.6690

Euro Currency Trading

Euro Currency Trading

 

Dow Jones Euro Currency Trading

After trading most of the day in the red, US major indexes closed in positive territory, amid strong Apple and Facebook earnings reports, this last, released right after the close. The Dow Jones Industrial Average gained 26 points and closed at 19,890.94 while the Nasdaq Composite added 0.50% to settle at 5,642.65. The S&P closed mostly flat at 2,279.55. A FED less hawkish than expected, also supported the recovery of US equities  as a rate hike seems unlikely at the time being. Technically, the Dow presents a neutral stance, as in the daily chart, the price stands around a horizontal 20 DMA, whilst technical indicators head nowhere around their mid-lines. Shorter term, the 4 hours chart shows that the 20 SMA capped the upside on an early advance, now standing at 19,929, while technical indicators head higher, but still within negative territory, not enough to confirm further recoveries ahead. Once the dust settle, seems likely that investors will keep on unwinding the Trump-trade during the upcoming days, and therefore stocks will probably resume their slide.

Support levels: 19,844 19,806 19,745

Resistance levels: 19,929 19,975 20,036

Euro Currency Trading

Euro Currency Trading

 

FTSE Euro Currency Trading

London equities market advanced this Wednesday, adding 8 points to settle at 7,107.65, despite a strong Pound. The Sterling managed to advance further against its American rival at the beginning of the day, but mining-related shares gained on the back of Chinese growth data. China’s official manufacturing PMI for January came in at 51.3, beating expectations of 51.4, and slightly below December reading of 51.4. Among the best performers  were Anglo American, which closed up 2.89%, while Antofagasta added 2.64%. The worst performer was Mediclinic International, down 3.36%, followed by Associated British Foods which closed down 2.88%. From a technical point of view, the daily chart shows that the benchmark remains range bound below its 20 DMA, whilst technical indicators maintain their bearish slopes within negative territory, maintaining the risk towards the downside. In the 4 hours chart, selling interest kept surging on advances towards a bearish 20 SMA, while technical indicators remain within negative territory, but with no directional momentum.

Support levels: 7,104 7,057 7,011

Resistance levels: 7,154 7,183 7,241

Euro Currency Trading

Euro Currency Trading

 

Gold Euro Currency Trading

Spot gold settled at $1,209.40 a troy ounce, having trimmed most of its intraday losses after FOMC monetary policy meeting resulted a non-event, with the US Central Bank leaving its policies on hold and offering no clues on upcoming moves. The bright metal fell down to 1,198.16 early US session, as strong American data triggered some dollar demand that anyway was short lived. The absence of information on the  FED statement, clearly indicates that policy makers are still uncertain about what’s next for the US economy under the new administration. From a technical point of view, the daily chart shows that the price managed to end the day above the 1,204.50 Fibonacci level, but also that it is still stuck around a bearish 100 SMA. Technical indicators in the mentioned time frame indicate lack directional strength, with the Momentum stuck around its 100 level and the RSI heading modestly lower around 59, not enough to confirm a downward extension. In the 4 hours chart,  technical indicators retreated from overbought readings, but the price held above the 20 and 100 SMAs, both converging around 1,202.00, limiting chances of a downward move.

Support levels: 1,204.50 1,196.10 1,187.80

Resistance levels: 1,220.05 1,229.80 1,241.35

Euro Currency Trading

Euro Currency Trading

 

 

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

 

 

Euro Currency Trading

 

 

 Euro Currency Trading

Euro Currency Trading

 

 

Euro Currency Trading

Euro Currency Trading

 

The Wellness Clarinet LTD is now sourcing below market value properties to purchase in lease options deals as a means of cash flow generation, security, to beautify the environment and to establish valuable joint venture relationships with private investors for mutual growth.
We are a Music, Lifestyle and Trading firm, creating strategies for people desiring change, the millennial generation, the music industry, and the newly divorced, in personal and financial growth through trading the stock market.

 

This property investment model increases net worth and the net worth of private investors. For the moment this model not part of our value proposition on offer to clients. Our aim is to invest in properties creating a prototype of financial freedom. To beautify the environment through reburbishment and generate positive cash flow for ourselves and joint venture partners.

 

Euro Currency Trading
Below market value property opportunities are everywhere, and there are certain criteria in which a property owner may wish to let go of their property below market value. Such as a quick sale, being in risk of repossession or as a solution to being in debt.

The property value is £100,000 buy 25% below market value at £75,000. The deposit of £18,750 is put up by the private investor. So the mortgage on the property would be £56,250.

Let’s assume the property is re-mortgaged after 6 months at its full value of £100,000 and not reburbished. The deposit can be returned to the private investor, plus the monthly agreed interest. And there will be £25,000 in equity left in the property. Plus rental revenues if so desired.

 

Online Passive Income
1. Split of profit. When the property is sold or remortgaged you the private investor can have a percentage stake in the property, and or ongoing profit. We can own the property together, use a ‘Deed of Trust’. Or you the investor can host the mortgage, for security if necessary.
2. The private investor lends the money to us directly. We pay the agreed interest per money until the money is paid back. Normally 1% to 3% for short term finance. 0.75% to 1.5% for more than 6 months. The security is in the property so any such concern is alleviated.
3. You the private investor receives a percentage of property revenues over 5 years.

Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

 

 

Euro Currency Trading

 

Euro Currency Trading

 

 

Euro Currency Trading

 

Euro Currency Trading

 

 

Euro Currency Trading

 Euro Currency Trading

Euro Currency Trading

 

 

 

Euro Currency Trading

 

Euro Currency Trading


Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

Euro Currency Trading 
Euro Currency Trading

Euro Currency Trading

Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

 Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

 

Euro Currency Trading

Euro Currency Trading

Euro Currency Trading

 

Euro Currency Trading

 

 

 

Euro Currency Trading

 

 

 

Euro Currency Trading

 

 

 

 

Euro Currency Trading

 

 

 





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