What Is Currency Trading



What Is Currency Trading

 

 

What Is Currency Trading, currency trading is about making money from the price movement between pairs of international currency.

 

 

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What Is Currency Trading

 

 

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What Is Currency Trading

 

 

 

 

 

 

 

 

 

 

What Is Currency Trading

What Is Currency Trading DAILY MARKET REPORT
December 9th 2016

EUR/USD What Is Currency Trading

What Is Currency Trading

The American dollar was trading heavily ahead of the ECB, with the EUR/USD pair reaching the 1.0800 level ahead of the announcement, and skyrocketing to 1.0873, after the Central Bank unveiled its decision to extend QE program to December 2017, but at a slower pace, to EUR60bn starting April 2017. The notion that such reduction was the beginning of the end of the stimulus program  was behind EUR gains, although the movement was short lived, with the price retreating ahead of Draghi’s speech. His clearly dovish words sent the pair down to sub 1.0600, where the pair currently trades. Two things out-stand from Draghi’s announcement: the first, is that the adjusted the parameters of its asset purchase program by decreasing the minimum remaining maturity for eligible securities from two years to one year and that  the bank could now buy securities with a yield to maturity below the interest rate on the ECB’s deposit facility. The second, is that in the middle of the press conference, he remarked that tapering was not discussed, hammering the final nail into the common currency’s coffin.

Currently hovering around 1.0600, the EUR/USD pair is back in the bearish path, barely 100 pips away from this year´s low. Technically, the mentioned spike briefly  up to the 1.0870 region surpassed the 38.2% retracement of the latest daily decline, but the pair is now trading back below the 23.6% retracement of the same slide at 1.0690, and in the 4 hours chart, its below all of its moving averages, while technical indicators have decelerated near oversold territory, but  maintain the risk towards the downside anyway. The immediate support is now the 1.0580/90 region, with a break below it opening doors for further slides towards the 1.0500/20 price zone this Friday, with the dollar underpinned by hopes that the US Federal Reserve will raise rates next week

Support levels: 1.0585 1.0540 1.0500

Resistance levels: 1.0650 1.0690 1.0740

What Is Currency Trading

What Is Currency Trading

 

USD/JPY What Is Currency Trading

The USD/JPY pair continues trading uneventfully around the 114.00 figure, having recovered from a daily low of 113.12 after the market turned back to the greenback  following a dovish Draghi. Stronger equities, with Wall Street running to fresh all-time highs, also harmed the Japanese yen. BOJ’s Kuroda was on the wires at the beginning of the day, speaking at a year-end gathering of economists and companies’ executives, calling for more investment to help the economy emerge from more than a decade of deflation. He also was optimistic about inflation, saying that prices are seen gradually rising to 2%, but he added nothing new on economic policies. The pair remains range bound and there are little hopes that it will move ahead of the upcoming FED’s decision next Thursday. According to the 4 hours, the downward potential remains limited, as technical indicators remain around their mid-lines, while a bullish 100 SMA continues advancing below the current level. A mid-term line in the sand stands at 112.80, the neckline of the double top set last week, with a break below probably favoring a steeper downward correction.

Support levels: 113.60 113.15 112.80

Resistance levels: 114.20 114.55 114.90

What Is Currency Trading

What Is Currency Trading

 

GBP/USD What Is Currency Trading

The Pound attempted to recover ground at the beginning of the day, surging against the greenback up to 1.2704 during the London session, but later gave up to renewed dollar’s demand and fell down to 1.2548, a fresh one-week low. There were no macroeconomic news coming from the UK, although it was the final day of the Supreme  Court’s hearing on Brexit, to decide whether Theresa May should get the Parliament’s permission to trigger the Art. 50, but a decision will be known probably next week. In the meantime,  the pair trades around the 50% retracement of its latest bullish run, and the 4 hours chart shows that the price was unable to regain ground beyond a now bearish 20 SMA, at 1.2665, while technical indicators are posting modest bounces within bearish territory, still far from supporting a steeper recovery. Despite dollar’s strength, the downward potential of the pair is limited, as the  Pound has been quite reluctant to greenback’s demand, trading more on self political woes. Still, a break below 1.2535, the 61.8% retracement of the mentioned rally, will likely signal a downward extension towards a daily ascendant trend line, around 1.2470 for this Friday.

Support levels: 1.2535 1.2500 1.2470

Resistance levels: 1.2625 1.2665 1.2700

What Is Currency Trading

What Is Currency Trading

 

AUD/USD What Is Currency Trading

The Aussie erased all of its previous gains and trades flat weekly basis against the greenback around 0.7450, pulling back once again from the 0.7500 region. The AUD/USD pair peaked at 0.7507 during the past Asian session following surprising Chinese exports and imports data, sharply higher November, against market’s expectations of another slump. According to official readings, imports rose by 13% in Yuan terms on a year-on-year comparison, against expectations of a 1.3% decline, while exports saw an increase of 5.9% from an expected -5.0%. China will release its November inflation figures during the upcoming Asian session, expected slightly better than October ones. As for the technical picture and despite the lack of definitions, the pair presents a modest upward potential, as it has been developing above a daily ascendant trend line coming from this month’s low of 0.7370, currently around 0.7420. In the 4 hours chart, technical indicators have turned flat around their mid-lines, while the price is below its 20 SMA and its 200 EMA, this last around 0.7505, and the level to surpass to see a stronger recovery.

Support: levels: 0.7420 0.7370 0.7330

Resistance levels: 0.7475 0.7510 0.7550

What Is Currency Trading

What Is Currency Trading

 

GBP/CAD What Is Currency Trading

Pound continued weakness alongside with the Canadian dollar rallying to a fresh 2-month high against the greenback, drove the GBP/CAD cross lower, down to 1.6575, level last seen on November 21st, ending the day a few pips above the 1.6600 level. The commodity-related currency benefited from a recovery in oil prices and new record highs in US equities. Oil surged on renewed hopes the OPEC will convince non-OPEC oil producers to join the output cut this weekend. The short term technical picture is bearish, as the 20 SMA has accelerated its decline well above the current level, now around 1.6685, whilst technical indicators head modestly lower near oversold territory. In the 4 hours chart, technical indicators have lost upward strength, but hold near oversold readings, while the price has broken below the 38.2% retracement of its latest bullish run at 1.6660. The 50% retracement of the same rally stands at 1.6525, with further slides expected on a slide below this last.

Support levels: 1.6575 1.6525 1.6460

Resistance levels: 1.6660 1.6710 1.6775

What Is Currency Trading

What Is Currency Trading

 

Dow Jones What Is Currency Trading

Wall Street kept rallying, with all of the three major indexes settling at record levels. The Dow Jones Industrial Average added 65 points or 0.33% to close at 19,614.82, while the Nasdaq Composite advanced 0.44%, to 5,417.36. The S&P was up 0.22% or 4 points, to end the day at 2,246.19. The financial sector led the way higher tracking gains in Europe, while the materials sector also run, underpinned by hopes of large infrastructure investment on the upcoming Trump’s presidency. Goldman Sachs was the top performer, closing 2.45%, while JP Morgan Chase added 1.25%. The Dow is extremely overbought in the daily chart, having added roughly 2,200 points ever since the elections with little corrections in the way. Still, there are no signs that the rally has reached a top, although cautious is recommended at this point. In the 4 hours chart, the index is above a bullish 20 SMA that slowly gains upward strength, while the Momentum indicator has turned flat within positive territory, and the RSI indicator consolidates around 83, having turned modestly lower, but with no signs of downward strength.

Support levels: 19,549 19,486 19,430

Resistance levels: 19,658 19,700 19,750

What Is Currency Trading

What Is Currency Trading

 

FTSE What Is Currency Trading

The FTSE 100 edged modestly higher this Thursday, up 29 points to 6,931.55, its highest close in over a month and underpinned by a strong rally in its European counterparts. Base metals-related%.  equities were the best performers, with Rio Tinto up 9.02%, followed by Glencore that added 5.82%. Local banks also edged higher, with Royal Bank of Scotland adding 5.36% and Lloyds adding 5.53%. Standard Chartered on the other hand was among the worst performers, down 2.67%. The index holds around the mentioned close early Asia, with the daily chart showing that the upward momentum is beginning to fade, as technical indicators have eased, although they hold within positive territory, while the index held above a now flat 100 DMA. In the 4 hours chart, technical indicators have also lost bullish potential, turning flat near overbought readings, although the index met buying interest on a pullback to the 200 SMA, now at 6,896, while the 20 SMA has turned sharply higher and crossed above the 100 SMA well below the current level, limiting chances of a steeper decline.

Support levels: 6,896 6,838 6,790

Resistance levels: 6,953 6,998 7,044

What Is Currency Trading

What Is Currency Trading

 

Gold What Is Currency Trading

Gold prices ticked higher at the beginning of the day as the dollar was under pressure against all of its major rivals, but entered negative territory following the ECB’s latest economic policy decision, moderating its slide during the US afternoon. Spot gold settled around $1,171.00 a troy ounce, and remains at risk of falling further according to technical readings, as in the daily chart the price continues developing below a bearish 20 SMA, while the Momentum indicator heads lower within bearish territory, and the RSI continues hovering around oversold readings. In the shorter term, the technical stance is neutral, as in the 4 hours chart, the price continues hovering around a horizontal 20 SMA, the Momentum indicator holds flat around its 100 level, while the RSI indicator heads modestly lower around 45. A break below 1,157.10, this week and a multi-month low, is required to confirm further slides in gold, with scope to test the 1,100 region next week.

Support levels: 1,166.60 1,157.10 1,146.80

Resistance levels: 1,175.95 1,188.00 1,197.20

What Is Currency Trading

What Is Currency Trading

 

 

What Is Currency Trading

Why The Wellness Clarinet LTD –

 

Branding by Association and Wow!
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 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
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4. Compound it, so to increase your rate of return.

 

 

What Is Currency Trading


What Is Currency Trading
 

 

Forex Trading Today

Music and Trading

Best Relaxation Time

Metabolism Raising

What Is Currency Trading

 


What Is Currency Trading

What Is Currency Trading

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

THE CLARITIQUE QUESTIONNAIRE

 

 

What Is Currency Trading

(for people desiring to squeeze more juice from life)

 

What Is Currency Trading

 

1. Can you share one Intention you most desire to achieve?

2. Imagine some likely future situation, what happens when you see yourself making your Intention
come real?

3. Can you imagine your favourite place in the world to relax and feel good? Some people say their
own home and this is good, can you think of another?

4. Being appreciated and respected is a human need, we can all remember at least one time when
we felt appreciated and respected. What happens as you begin to feel loved and respected?

5. What drives your passion positively? Passion sometimes reaches boiling point. What happens
when your passion for something, someone or a situation in your life was so intense it was on
fire, burning inside you with life?

6. When you learn new ways to do act on intention, beautifully your chances of making it come real
multiplies. What else happens as you begin to learn new possibilities?

7. Having a deep sense of fulfillment from within is the best elixir imaginable, magically bringing
you freedom, happiness and satisfaction. It’s good to know that people find different things
fulfilling. Can you remember a time when you felt totally fulfilled?

8. Wow moments often come unexpectedly and are often amazing thrilling us to bits. Can you
describe five different wow moments in your life?

9. The word enrichment conjures up a colourful palette of positive emotions in us. Can you tell me
what the word enrichment means to you?

10. Music is an incredible healing force, enriching the human spirit, also opening and
strengthening the connection between the body and mind. Is there any music giving you
strong feelings?

 

David Jean-Baptiste

 

 

What Is Currency Trading

 

 

What Is Currency Trading

 

 

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What Is Currency Trading

 

 

What Is Currency Trading

 

 

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What Is Currency Trading

 

 

What Is Currency Trading

 

 

 





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