Investing for Passive Income


Euro Currency Trading

Investing for Passive Income

 

Flow Centre Passive Income

Investing for Passive Income

 

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Investing for Passive Income DAILY MARKET REPORT
October 10th 2016

EUR/USD Investing for Passive Income

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The American dollar closed last week firmly up against all of its major rivals, helped by a flash crash in the British Pound early Friday. Still, the greenback was supported by generally encouraging local data released at the beginning of the week, that indicate that the US economy keeps growing at a steady pace. On Friday, the long awaited employment report came in a little lower than expected, but it was not enough to deny the case of a December rate hike. In September, the US created 156K new jobs, against 172K expected, the unemployment rate ticked up from 4.9% to 5.0%, whilst average earnings figure rose less than expected, but in line with average readings, up 0.2% MoM and back to 2.6% YoY.

The EUR/USD pair seesawed after the release, but ended up recovering from a two-month low printed at the beginning of the day at 1.1104, to end the day a handful of pips below the 1.1200 level, trapped within the same range for a sixth consecutive week. The absence of directional conviction among investors has deepened after both Central Banks moved to the sidelines, and market’s attention is now on the second US presidential debate, late Sunday night, as a possible catalyst for some USD moves. Technically, the pair remains trapped between two long-term trend lines, with the longest being the ascendant one, this week around 1.1090/1.1100. In the daily chart, the price is  hovering around horizontal moving averages, while indicators are within neutral territory, while in the 4 hours chart, technical indicators have recovered from oversold readings and pared gains around their mid-lines, while the price is above its 20 SMA, but below the 100 and 200 SMAs. Overall, the risk remains towards the downside, as long as selling interest surges in the 1.1245/1.1280 region.

Support levels: 1.1160 1.1120 1.1080

Resistance levels: 1.1245 1.1280 1.1335

Investing for Passive Income

Investing for Passive Income

 

USD/JPY Investing for Passive Income

Following two weeks of steady daily gains, the USD/JPY pair finally corrected lower on Friday, as the sudden Pound’s crash fueled demand for the safe-haven currency, later underpinned by soft US employment readings as US September Nonfarm Payrolls came in below expected. Last Friday, Etsuro Honda, a key advisor to Japanese PM Abe, said that Japan needs a “double dose” of monetary and fiscal stimulus, including further easing by the BOJ next month, while on Saturday, Bank of Japan Governor Kuroda said that  Japan’s central bank still has room to increase monetary stimulus and doesn’t intend to reduce its bond-buying program soon. Seems like policy makers are trying to back up this latest JPY decline.  Technically, and despite Friday’s slide, the pair holds above its 100 DMA, the immediate support now around 102.60, while the daily Momentum keeps heading north above its 100 level, limiting chances of a steeper decline. In the same chart, the RSI indicator is retreating from near overbought levels, but remains within positive territory. In the shorter term, and according to the 4 hours chart, the risk is towards the downside, given that technical indicators present strong bearish slopes below their mid-lines. Still, the downward potential is limited as long as the price holds above the 102.60 level, the mentioned 100 DMA.

Support levels: 102.60 102.20 101.70

Resistance levels: 103.00 103.40 103.80

Investing for Passive Income

GBP/USD Investing for Passive Income

The Pound’s sudden crash  early Friday rocked the financial world. The GBP/USD pair went into free-fall, with retail platforms printing lows between 1.16 and 1.19, before the pair recovered to the 1.2400 region. Thin market conditions at that particular time of the day, exacerbate the decline, with the market still trying to figure out whether it was a fat finger, or due to algorithmic trading. Anyway, the result was that the pair reached fresh 31-year lows, testing levels last seen in March 1985. The soft US employment report did little to help the Pound recover, as uncertainty surrounding the consequences of the Brexit will keep on weighing more, and be the main driver for the UK currency. Technical readings are still  partially distorted by the sudden  decline, but the risk remains towards the downside amid the persistent negative sentiment towards the Pound. Daily basis, technical indicators maintain their sharp bearish momentum, with the RSI indicator heading south around 19, but none indicating downside exhaustion. In the 4 hours chart, technical indicators have managed to correct extreme oversold readings in part before resuming their declines, whilst the 20 SMA is playing catch up above the current level, now around 1.2620. Selling interest is probably aligned around 1.2500, although a recovery above this last could see the pair recovering up to the mentioned 1.2620 level.

Support levels: 1.2410 1.2375 1.2340

Resistance levels: 1.2480 1.2525 1.2560

Investing for Passive Income

Investing for Passive Income

 

AUD/USD Investing for Passive Income

The AUD/USD pair fell through the 0.7600 mark on Friday, extending its decline down to 0.7553, but closing the week not far below the mentioned figure, at 0.7585. Marginally lower, the Australian dollar has been in a consolidative phase around the current region since early July, benefited by rates differentials, as despite the RBA cut rates to record lows, they still hold at 1.5%, much higher than US ones. Rising expectations of a US rate hike, alongside with falling commodities prices, however, may result in a major downward move in the pair, particularly if 0.7450, the base of the range gives up. Technically, the pair has been steadily rejected from the 0.7700 region, unable to settle above it, which results discouraging for bulls looking for a retest of the year high around 0.7830. In the daily chart, the pair has broken also below its 20 DMA, while technical indicators have entered bearish territory, with limited downward strength at the time being, not enough to confirm a stronger decline, but surely limiting chances of a recovery. In the 4 hours chart, the 20 SMA presents a sharp bearish slope above the current level, converging with a Fibonacci level around 0.7600, whilst technical indicators have corrected higher, but remain within negative territory.

Support levels: 0.7560 0.7520 0.7490

Resistance levels: 0.7600 0.7650 0.7695

Investing for Passive Income

Investing for Passive Income

 

GBP/CAD Investing for Passive Income

The GBP/CAD cross closed the week at 1.6525, level last seen on October 2013, undermined by Pound’s collapse. As all Pound’s crosses, the GBP/CAD´s retail low may vary, but the fact is that it plunged by hundreds of pips, in an unjustified move fueled by Brexit’s possible consequences, thin volumes, and what many suspect it was a fat finger. The cross settled around 1.6464 after the wild swing, up by the end of the day to the mentioned close due to CAD’s weakness, this last due to a retracement in crude oil prices, as the US Baker Hughes report revealed that the number of active US oil drilling rigs climbed again, this time by 3 to 428 this week. Also weighing on the commodity, were comments coming from  the Russian energy minister who dampened hopes for a broader agreement on production limits. The risk, however, is towards the downside amid Pound’s self-weakness. Technically, the daily chart shows that the RSI indicator heads south around 24, while the Momentum indicator also aims lower below the 100 mark, supporting additional slides. In the 4 hours chart, a bearish 20 SMA caps the upside around 1.6685, while technical indicators have turned flat within oversold levels after correcting extreme readings, also maintaining the risk towards the downside.

Support levels: 1.6670 1.6605 1.6540

Resistance levels: 1.6720 1.6780 1.6850

Investing for Passive Income

Investing for Passive Income

 

Dow Jones Investing for Passive Income

Wall Street ended Friday with modest losses, staying within the well-defined range seen over the past couple of weeks. The Dow Jones Industrial Average lost 28 points, to close at 18,240.49, while the Nasdaq Composite lost 0.27%, to 5,292.41 and the S&P shed 0.33%, to 2,153.74. A lackluster US jobs report was not enough to overshadow strong manufacturing and services  PMIs revisions published at the beginning of the week, and anxiety about a possible rate hike next December remained high. The DJIA daily chart shows that the benchmark continued hovering around the 20 and 100 DMAs, both within a 30 points range,  while technical indicators have turned modestly lower, but remain within neutral territory. In the 4 hours chart, selling interest continues capping advances around a bearish 200 SMA, whilst the price is now pressuring the 100 SMA, a couple of points below the current level. Technical indicators in this last time frame, have also turned lower around their mid-lines, maintaining the risk towards the downside, albeit further confirmations are required at this point, before the index is able to set a new leg lower.

Support levels: 18,199 18,162 18,110

Resistance levels: 18,280 18,320 18,373

Investing for Passive Income

Investing for Passive Income

 

FTSE Investing for Passive Income

The FTSE 100 regained the 7,000 level as the Pound plummeted last Friday, closing the day 0.63% higher at 7,044.39. Up for  a fourth consecutive week, the index resumed its advance on GBP’s weakness, although it pared gains below the intraweek high set at 7,135. Despite gold’s decline, mining-related equities were among the best performers, with Glencore up 4.27%, Randgold Resources closing 2.77% up, and Anglo American adding 2.26%. Companies with large overseas sales also edged higher, with Burberry Group gaining 2.74%. Technically, the daily chart regained the positive tone seen during late September, as technical indicators have pared losses and resumed their advances, within positive territory, while the index remains well above its moving averages. In the 4 hours chart, the index keeps bouncing from a bullish 20 SMA, currently at 7,038 and the immediate support, while the RSI indicator consolidates around 62 and the Momentum indicator turned flat right below its 100 level.

Support levels: 7,038 7,006 6,965

Resistance levels: 7,080 7,135 7,180

Investing for Passive Income

Investing for Passive Income

 

Gold Investing for Passive Income

Gold prices accelerated their declines mid-week, with spot gold ending it at $1,255.00 a troy ounce, after trading as low as 1,241.35 on Friday, the largest weekly decline in almost three years. The commodity fell after breaking below the 1,3000 figure at the beginning of the week, as strong US manufacturing and non-manufacturing PMIs revived hopes of a December rate hike, further falling after the break of another critical technical level, its 200 DMA.  The commodity closed flat on Friday, pausing its decline on a soft US employment report that anyway was not enough to reduce chances of a US hike, and therefore implies further downside for the commodity. Technical readings in the daily chart support the case of a downward extension, given that technical indicators maintain their bearish slopes, despite being in extreme oversold territory, whilst the price has settled not only below its moving averages, but also below the 61.8% retracement of its latest bullish run. In the 4 hours chart, a sharply bearish 20 SMA caps the upside, currently at 1,262.25, while the RSI indicator corrected extreme readings, but remains at 31, and the Momentum indicator also corrected overbought conditions, but holds within negative territory, with no certain directional strength.

Support levels: 1,249.50 1,241.35 1,233.70

Resistance levels: 1,262.25 1,269.80 1,277.50

Investing for Passive Income

Investing for Passive Income

 

Why The Wellness Clarinet LTD –

 

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Committed to helping people achieve their burning intention and critical net worth (CNW), with passion warmth focus and adventure. Luckily with a well established group of successful companies contributing to the process.

 

David Jean-Baptiste: Executive Chairman and inventor of Flow Centre, a successful clarinettist, saxophonist, trader, a published author, and entrepreneurial creative thinker. With endorsements as an artist from Henri Selmer Paris  and d’Addario

 

 

Time v Income Reality Check

How much income do you earn per hour of work?
How many hours do you work on business that are currently non-income producing?
Where do you have time-leaks?
What impact are they having on your life?
Can you leverage the time that you work?

 

 

Open to Change Check

What would your ideal scenario be?
What hours would you like to work?
What income would you like to produce?
Do you prefer one good income stream with potential for growth, or do you prefer a few different income streams?
How closely does your current income stream, hours of work, and type of work correlate to this ideal?

 

 

Three Steps to Get Started Now!

1. Get clear, utilize your power of focus and act through your own self knowledge.
2. Get the tools, a workable plan, and include the services of a coach or a consultant. Non-action will cost you. How much?
3. Understand your own pain verses pleasure continuum. People will do more to move away from pain than they will do to move towards pleasure.
Get clear on your vision and mission. Your vision being what you desire at a level of your identity, and mission being why you want it.
What is money? Money is perceived value of something, plus creativity, plus passion.

 

 

7 Steps to Wealth Creation

1. Decide what is holding you back and deal with it.
2. Understand what money is.
3. Plan for wealth
4. Decide what you desire to attract into your Flow Centre and why you want it.
5. Understand financial concepts and the skills to create money.
6. Work with the support team you need.
7. Take ‘massive’ consistent wealth action.

 

 

4 Ways to Accelerate Your Journey to Financial Freedom

1. Increase your income
2. Save more
3. Invest more
4. Compound it, so to increase your rate of return.

 

 

Investing for Passive Income

 

 

 

Enter your First Name and Email to receive 2 FREE chapters from ‘Flow Centre’

Also the wealth classic ‘Think and Grow Rich’

 

Investing for Passive Income
 

 

 

 

Forex Trading Today

Music and Trading

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Metabolism Raising

Investing for Passive Income

 

 

 

 

 

 

 

 

 

Investing for Passive Income

 

 

 

 

 

 

 

 

 

Investing for Passive Income

 

 

 





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