#1 - إتش بي دي الفوركس الروبوت

[Business] - Myanmar exempts foreign businesses, NGOs from forex rules | ABC

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#USDCAD #WaveAnalysis ~~ The counter has been consolidating in a sideways correction for the last few days.~~ It could be interpreted as an ABC correction and recent down move as wave B~~ We expect pair to find support in this zone head higher. https://traderpulse.com/forex-analysis-app/#pricing

#USDCAD #WaveAnalysis ~~ The counter has been consolidating in a sideways correction for the last few days.~~ It could be interpreted as an ABC correction and recent down move as wave B~~ We expect pair to find support in this zone head higher. https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

Wall Street Newsletter 11 ( Final Chapter Season Finale ) : "The beginning of the End" or the "End of the Beginning" ?

Wall Street Newsletter 11 ( Final Chapter Season Finale ) :
The End game has begun. Stagflationary 1972-73 Price pump or Deflationary 2008 bust.? I am prepared for both ;)

Disclaimer :
Apologies beforehand for a lot of verbose because of the final newsletter. For quick read up i suggest reading "Tl;dr section" ( headings ) and for the reasons behind it are included in the detailed "Experiment section".


Intro:

“I felt a great disturbance in the force as if millions of voices slowly and wildly got together and then there was an uprising against the government and the financial institutions” 
Sorry guys, I was supposed to send this the day before yesterday ( great movie ) but unfortunately I got caught up in a celebration we are having over here.
So it's the start of the weekend. Y’all know what that means. I'm not talking about having a party lol, that is for me. You guys have to decipher this long post so that you can protect yourself from the upcoming danger that I am seeing. In short you’re fucked if you don’t read this especially institutions and hedge funds. Just for this week please avoid strip clubs. This one's for you guys because you read my post. ( I like to think so )
Retail public especially retards i don’t have words for you guys. You guys can chill this weekend because all you do is sh9t on my post. Might as well sh9t on this too. I don’t care since all you’re obsessed with is Ryan Cohen and $BBBY. So when you’re finally over him after getting drunk this weekend then you can go ahead and read this post. Could be worth your time.

As for people asking me why I don't give my opinions regarding meme stocks. Well folks the reason is simple. We are still in a bear market according to my calculations. So it's written somewhere in the gospel of investing that bear markets are the opportunities to analyze value companies, not meme companies which are about to be purge in the upcoming mega crash as an offering to please the gods of stock market.
Yes you “You-tube” folks the crash hasn’t even started yet. We still have -53% to go from here till March 2023 as my base case. Don't even ask me about my worst case. For that just open the Dow Jones 1929-1932 chart.


Tl;dr and Td;du folks : ( Too long didn't read, Too dumb didn’t understand )
We have already discussed this : Buy 4 months/2 months/1 months puts i.e Dec 30/Oct 29/Sept 29 at the money with strike price near about "200 day moving average = 200dMA" in $SPY last week of august if it comes.
It already did one time on August 16 and i think the top is already in. So you’re gonna profit regardless.
Invalidation would be three white soldier candles above 200dMA of course in daily chart. For positions go scroll down. ( I will make you work for it at-least. xD )


We have a long way to go friends.



Now for those folks who want a detailed explanation about everything let’s dive in.
Respected Traders and Investors,

How are you guys doing? It’s been a long time hasn’t it. God I was gone for a while and had Ni-san use my Reddit account for a few days. First of all, I'm gonna apologize for the Shzio post by my brother Itachi. Man, it felt like it messed up my brains for a while there. It was so damn trippy. So I highly highly advise you guys not to go and read it a second time. Please, it's for your own health.
Regardless i love my brother analysis coz he thinks like no other normal people do in the world of trading/investing. So, I take full responsibility for my actions and if things don't go as planned out in the above charts ( i.e the mega crash doesn’t happen you know ) then you’re not gonna hear from us.
P.s. We promised you that we will do these posts only in bear markets. Even if the USA goes into depression for 10 to 15 years we will post in a week or two until we visit ath ( all time high ) once again. One may ask why not do this stuff in the bull market? Guys you have to understand we are not bull market specialists. For bull markets it's generally advised to follow moon boys on twitter, tik-tok, You-tube etc. They are more educated and well informed than us in that department with a huge audience behind them. ( They spend so much on marketing lol )


Recap : Predictions 2022 so far.
I don’t usually like to do this because my readers already know about this but it’s time to back-test how accurate we ( i.e. me and my brother ) have been this whole time especially to show random people who are new to reading these kinds of posts especially when it’s season finale.


  • We predicted the March 16 post Fomc rally.

https://preview.redd.it/6n7xv1xs52j91.png?width=1851&format=png&auto=webp&s=ef518b9218d0bc29d830fc61927009ece8a66438
  • We predicted the April top. Thought it was gonna last two to three days more but it lasted just one.

https://preview.redd.it/ictvxtex52j91.png?width=622&format=png&auto=webp&s=1905d15b9028016b853e12dd817097c285d2eac7
  • Then we predicted June Fomc bottom which we already mentioned in our first letter. Does “Dante cash deployment $SPX $3600-3700 at trend based 1 fib” ring a bell. ( But then later i said to just sell above 2% because Cpi 8.8% est and Atlanta Fed Gdp -2.1% est scared the sh9t out of me and i changed my strategy from "Riding to the top of the Bear market rally" to "Shorting at the top of bear market rally" )

https://preview.redd.it/brojy4p462j91.png?width=743&format=png&auto=webp&s=a96db2532fe7643a3b03e3f2293102e8c28a06e2
  • And now we finally did the same for August top at 15/16 i.e. 200dMA/ 50-61.8% fib retrace which is just a follow up to above June Fomc bottom. post.

https://preview.redd.it/da60ccei62j91.png?width=818&format=png&auto=webp&s=ce9e342a4a1f31b7ed9cd4931c8511bdd9368ae5

And then there were bond, commodity, Dxy calls that we are not even mentioning.
What this all means is that the stock markets have been performing as we had hoped for since February which is like 6-7 months ago. So i guess we are not a broken clock and actually do provide the exact days or should i say the time horizon.



Am I a member of secret society i.e. "Illuminati” or have contacts in "Pay pal mafia" ?
No guys. I am not a member of secret society nor do i have any contacts. My brother do though. I do want to manage the portfolio of wealthy clients like my brother someday but I'm too lazy. I just want to take bets and watch anime and Tv shows my entire life. I just finished West world and now i guess i will watch episode 1 of “House of dragons”. ( Why did that producer said bad things about Emilia. Hmm ) As for anime recommendation man its getting hard to find good ones. I'm just waiting for Chainsaw man now.


About my self.
Before all of this I was a Computer Science student whose only good skill was learning a hybrid application development platform called Flutter ( By Google ) but now I just write detailed and boring posts on Wall Street bets about anything that comes to my mind for you guys. My predictions come right because of you folks so thank you for taking trades and also I just basically copy pasted 2008 charts ( 32nd death week ) like I do with Git-hub while programming.


Now will I be wrong in the future?
Of course I will be. I’m no economist. I just make cases i.e stock market = 1972-73 or 2008 and just bet on them. Also a big hedge fund guy might find my post someday and take the opposite trade against me wrecking people who followed my advice.
Hence i always tell you guys “Do your own research“ “This is not financial advice” even though it will be right most of the time. You absolutely should not follow anybody w/o checking out at-least 10 other guys.


Why take my advice ?
So now that we have cleared some of the confusion which I couldn't in my Wsb guest talk appearance you might be thinking why we should even consider your advice in the top 10 folks we watch. You’re a nobody. Well folks in my defense i would say it's because I gradually improved myself. Earlier my posts were shitty but now they are getting better especially my T.A. And I'm also learning economics day by day. Do you know guys I didn't wanted to write this as final post coz I was actually busy working on other post like “Deciphering Stagflation 70's” and “Thermodynamics in Economics” as my farewell post. Yes it's true guys the US economy is one giant open system. That’s how Elon Musk and Jerome Powell do calculations about economics. xD
Well enough spoilers about the next season. I know you guys are getting bored. So lets now finally jump in what i wanted to actually talk about.




Experiment :
Deriving conclusions about Nasdaq, S&P500 and rest other asset classes using other asset classes on weekly and monthly charts. I know it sounds insane right now but you will see. So just trust me on this. (My grammar is so poor)

Tools :
I mean the Technicals i will be using today includes :
-> Candle sticks
-> Elliot wave with Fibonacci
-> Stochastic Rsi
-> My favorite which never ever lies : Pvt(O)
-> At last my “Ketlner channels”


Procedure :

Step 1 : Forex Markets

Eur-usd

Eur-usd : Have you ever seen such a bearish chart in your life both on a weekly and monthly basis? I mean as much as I love European countries but I have to say your Eur-usd charts sucks equally much. Putin owns you guys this winter. Italy and Germany are already suffering so much with 10x bills gas + electricity if compared with 2021 so i can't even imagine about countries like Spain, Greece etc. Okay so I'm gonna stop myself now with the pessimism and dive into Technicals.


Weekly Time Frame Analysis : ( Left chart )
  • Eur-usd bull traders have to stop this deadly weekly close otherwise the whole world is f’ed.
  • Elliot wave C wants to go 1.618 i.e. 0.924.
  • Stochastic RSI are about to cross weekly and go down.
  • Pvt(O) if it crosses the blue line and heads down means game over.’
  • We aren’t even testing the Ketlner red upper band. That’s how bearish we are.


Monthly Time Frame Analysis : ( Right chart )
  • Eur-usd bull traders couldn't stop monthly support i.e 1.03. Rejected it, retested it from below and rejected it again. The double top at 1.24 was deadly too coz you know when we break the support at 1.03 you go down equally much. Hence those red vertical lines.
  • Elliot wave C wants to go 1.618 i.e. 0.81487 so is 0.834 vertical red line support.
  • Stochastic RSI is in deep water. You ain't coming out of there any time soon before weekly readjusts.
  • Pvt(O) wants to do nothing and stay flat for a while.
  • We are hanging on the Ketlner upper red band.


Result : I can confidently say with 1000% certainty that Eur-usd is going down. Thank you madam Lagarde. You’re doing such a fine job by selling German Bund and buying Italian bonds. Congratulations to you and your PEP tool (Lol, guys this woman is bat-sh9t crazy)


Gbp-usd

Gbp-usd : Well first Sir Mr Bailey. I have to say I'm a big fan of your honesty if you are reading this. I mean in today's world it's hard to find someone that honest in a government job. So guys we know inflation is double digit’s over here ( heading to 13% or was it 15% in coming months ) and in September the Bank of England is going with 50 bps. So we already know that Uk is gonna have more than 2Q of -ve Gdp. I hope you Uk folks survive considering you're gonna lose jobs, probably go into economic depression because recession is everybody’s base case even of Mr Bailey. So enough details let’s do analysis.


Weekly Time Frame Analysis : ( Left chart )
  • Gbp-usd is in a huge IHS pattern but that doesn’t mean it will go to the upside that easily. Currently the price is testing right shoulder at 1.19. If it breaks then the price will test the head 1.14 and if it doesn’t break and holds then the price will go to 1.42 to test the neckline. After that we shall see whether the IHS breaks or not. Also the volume is supporting the down move.
  • There is no Elliot wave here. But the key thing to note is that if 1.14 breaks then you’re heading to 0.87 levels. Reason being two vertical red lines should be equal.
  • Stochastic RSI has crossed weekly and is about to go down.
  • Pvt(O) if it crosses the blue line and heads down means game over. If it doesn’t break only then you have a chance of at-least going to the neckline.
  • The price action has occupied the whole Ketlner red band. Meaning we are in a bearish downtrend.

Monthly Time Frame Analysis : ( Right chart )
  • Just remember we are in the box lock of 1.14 to 1.42 range. The increasing volume is also supporting this downwards move. If i don't take any wicks into consideration then it looks like the price has broken 61.8% fib and would likely head downwards to 1 fib cause there is no support of candle closing. So watch out for monthly close here as well and an eye on higher high volume. Also don't forget those red vertical lines. 1.72 - 1.42 , 1.42 - 1.14, so 1.14 - XXX. Do the math.
  • 12345 was completed in Oct 2007 ( Yah that old ) From then we are in the ABC corrective wave. Elliot wave C is still deciding what’s gonna happen with IHS. If it breaks down you’re looking at 0.95.
  • Stochastic RSI is in deep water. You ain't coming out of here any time soon.
  • Pvt(O) wants to do nothing and stay flat.
  • We are hanging on the Ketlner red upper band.


Result : I can confidently say Gbp-usd is going down. Mr Soros if you’re listening to this, let's break the “Bank of England” once again. Just for good old times sake.



Usd-Jpy

Usd-jpy : If i tell you anything about this forex pair I’m probably Bs’ing you. It’s true guys. Even Mr Kuruda the governor of Boj doesn’t know where the Usd-jpy is gonna go. But what we can speculate is if the dollar becomes so much stronger due to the weakness in the Eur-usd equation then Dxy is gonna pump past 110 and the dollar becomes stronger. Got it. So I could easily play this approach into my thesis by telling you yes this pair is just gonna go up. But I will not do that. Instead I'm gonna play a devil’s advocate here saying Usd-jpy will go down. So let’s analyze things which are a total waste of your and my time because I'm gonna reverse this forex you will see how.


Weekly Time Frame Analysis : ( Left chart )
  • Traders watch the 136. It’s a critical resistance. A clean break of it would mean 148 otherwise we go 125.
  • Elliott wave 12345 is complete at 136 and now we go for the ABC corrective wave. A will hit you at 116 and the rest is just a made up wave.
  • Stochastic RSI is on bottom and will go up.
  • Pvt(O) too looks like it could go up.
  • Here in this Ketlner channel we are hanging on a lower green band. That’s how bullish we are but I have chosen to take the bear case.


Monthly Time Frame Analysis : ( Right chart )
  • Traders watch the monthly close. If it closes above 136 we go to 148 otherwise down.
  • Elliott wave 12345 is complete at 136 wave. Entire ABC is made up because it all depends on the monthly close.
  • Stochastic RSI is on top flying and looks overbought but who can argue with their unlimited bond buying which in turn has caused the parabolic move.
  • Pvt(O) too looks like it could touch the blue line. If it crosses we fall, if not we go up.
  • Here in this Ketlner channel we are on an upper green band. That’s how extremely bullish we are but I have chosen to take the bear case.

So since I took the bear case it doesn't look like any bearish to me. Don't you agree? So our devil in devil’s advocate looks weak. So to fit our thesis lets reverse this. This is kinda like physics or Math kind of stuff where we proof things by assuming inverse.

Result : I cannot confidently say but I will say Jpy-usd is going up to 148 at my favorite dot com times where Dxy went 120. Hence i’m selling my Yen trust with ticker $FXY.




Step 2 : DXY. A basket of forex currencies.

You must be wondering, I'm gonna introduce another colorful RGB crayon drawing chart on both weekly and monthly. Sorry to disappoint you folks but I'm not doing that. Instead let’s use our brains.
We know that US dollar Index i.e. Dxy is used to measure the value of the dollar a/g basket of 6 currencies. The Euro, Swiss Franc, Japanese Yen, Canadian Dollar, British pound and Swedish krona. Now I'm not gonna explain you here why dollar is global reserve currency or dollar has more liquidity so let’s just assume that.

So what happens now is when Eur-usd becomes weaker, investors usually go risk off and buy the safest asset in the world i.e Dollar. Hence the Dxy goes stronger which suggests the dollar is getting stronger coz european buddies will exchange for dollars coz its very liquid and due to interest rate differentials. ( Remember Gbp-usd is an exception to interest rate differential coz what's happening over there is interest rates will go up but their currency is still losing its strength )

We have discussed a thesis in past letters already and came to a conclusion and I quote.
“Eur-usd is a mirror image of the Dxy chart.” Remember this for your lifetime. Especially you Gen-z.

I wasn’t gonna post a chart but then I realized I should for new folks who are lazy to read past posts. Eur-usd breaks parity and goes 0.80 levels Dxy will be 120 for sure. In monthly Dxy is super bullish. And on a weekly basis it's trying to close above 107 i believe. Hence your Voldemort asset class dropped -8% i guess. Right ?


Mirror chart : DXY vs Eur-usd

Result : I can confidently say Dollar or DXY is getting stronger in comparison to Euro, Gbp and Jpy. Hence DXY to 120 is back on the table according to the “20yrs of wyckoff accumulation” pattern. If you cleanly break 110-112 i must say equities especially the Spx is gonna visit to my $3200 level.
Now some Cnbc or Bloomberg guys who stole my research and didn’t gave me credit 2-3 months ago used to come on tv and say things like “Oh in 2018 Spx visited 200wMA so it makes sense that this cycle which is even more tightening compared to last makes sense to visit this range.”
So folks now the Spx has shifted its 200wMA/50mMA = $3500-$3600. But these clowns oops economists don't know that we should take a look at the monthly chart. Once you open that. Your pants are about to drop coz in the last tightening we visited not 200wMA but 100 monthly moving average i.e 100mMA. Yeah let’s go visit makachev vs oliviera in oct 23rd ufc 280. So if we cross paths over there I will tell you we are going to Spx $2873 i.e. somewhere around $2800-2900 which my close friend Dr Burry suggested too. Hence he sold + he is shorting coz he has relieved every moment in 2008. So he knows what’s coming next. You guys don’t.



Step 3 :Eur-usd Implied Fed funds 100-CME:GEZ2023 ( Not gonna use Elliot wave + Fib trend starting here now )

This is like gonna be super high level stuff even far above my pay grade. Only Zoltan can explain this using repo markets but since he is busy I will try to explain it in a funny way. So if you might have watched Cnbc this past week two economists were arguing about how Fed funds have priced in 4% already but one might be saying no it has only priced in 3.4-3.5%. So who is right?

If you watch “Everything money” by my suggestion then Mo came to the conclusion that the reason he is saying 4% is because the Fed is doing QT + rate hikes which Mo still does not believe.

So who is right and what is the right explanation for 4% ?
Imo they both are right but the explanation is wrong. The reason one should present about the 4% Fed funds argument is that in Eur-usd implied Fed funds went to 4%. Hence the market has priced 4% in the euro dollar banking system. But if you take only the dollar banking system in Usa then we look at yields of 2 yr and 10 yr which are hinting that Fed funds 3.4-3.5% is already priced in by the markets.

Eur-usd implied Fed funds.


Monthly and weekly time frame analysis :
  • Both look strong on a monthly and weekly basis. If monthly candle closes above resistance i.e. 3.50 this month then we are looking past 4% Eur-usd implied fed funds
  • Stochastic Rsi on weekly and crossed and is heading up while on monthly they are about to cross and hover above for a while.
  • Pvt(O) on weekly looks promising as compared to monthly.
  • Both of them don’t wanna lose their lower green Ketlner band.

Result : I can confidently say that we are going up here technically. So J. Powell, could you please back me up on this. Zoltan agrees with me. Snyder doesn’t.
( Just remember implied fed funds can go up due to Eur-usd weakness. So its kinda like indirect interest rate hike for markets. Add QT on top of that. Hence Fed is dovish in Fomc minutes for rate hikes )



Step 4 : HYG & LQD : The corporate bonds

HYG

Hyg : This product is designed to replicate a benchmark which provides a broad representation of the U.S. dollar-denominated high yield liquid corporate bond market. The high yield bond space has been cracked wide open by ETFs, as these products have offered numerous ways for investors to take advantage of this space. High yields can be a great addition to a yield-starved portfolio, as they can offer yields into the double digits for those willing to take on the risks that come along with it. The high returns come from riskier bond choices who have to pay out higher ratios to compensate investors for high risks. This means that the holdings of these ETFs will have higher chances of defaults, and could potentially leave investors out to dry. But those who have done their homework on the holdings of a particular “junk” bond fund have the ability to generate strong returns from these powerful products. HYG keeps most of its assets inside of the U.S., though it does offer a slice of international exposure as well. The ETF is dominated by corporate bonds, the majority of which have investment grades between B and BB. This product will make a great income addition to any investor who is fully aware of the risks a high yield bond product carries.


Weekly time frame analysis :
  • Weekly is gonna print bearish engulfing candle. Also there is a volume divergence. Price going up but volume going down which leads to fall. Trend line break candles will be the nail on the coffin.
  • Stochastic Rsi on weekly crossed and now are heading down.
  • Pvt(O) on weekly is also done after releasing supply and now will head down to accumulation..
  • Ketlner middle line changing band rejected the price action suggesting bearish continuation.

Monthly time frame analysis :
  • Monthly rejected its previous to previous top of the candle and is gonna print another st. down red monthly. Again price ascending volume declining.
  • But interestingly stochastic Rsi on monthly going up..
  • Pvt(O) on monthly also about to cross its blue line later sometimes.
  • As for Ketlner, well it's pretty much occupying the entire red lower band.


LQD : I leave it up to you guys. Cmon at least do one.

Result : I cannot confidently say that we are going down on a monthly time frame ( i need to see more data ) but yah sure on weekly we are going down because of that deadly candle that folks have been talking about.



Step 5 : IEI/HYG : Government bond price / Corporate bond price.


IEI/HYG : Double check below thing.

IEI/HYG : If it goes up then credit spreads are widening. ( Bad thing i.e risk off )
IEI/HYG : If it goes down then credit spreads are tightening. ( Good thing i.e. risk on )


Weekly time frame analysis :
  • Weekly is about to print a bullish engulfing candle. Also volume isn’t supporting downwards move i.e. price is going down but volume is going down as well.
  • Stochastic Rsi on weekly crossed and now are heading up.
  • Can't comment about Pvt(O) weekly. Mixed signals
  • Ketlner middle line changing band supported the price action and is green. Meaning bullish continuation

Monthly time frame analysis :
  • No complete data on monthly that we can make assumptions.
  • But stochastic Rsi crossed on monthly and suggested going down.
  • Pvt(O) flat.
  • As for Ketlner, well we had rejection from an extremely bullish green band i.e. we haven't gotten permission for capitulation but we got support from middle Ketlner to make the price go up again.


Result : I cannot confidently say that we are going up on a monthly time frame ( i need to see more data ) but yah sure on weekly we are going up.



Step 6 : ( Super scary ) : Velocity of m2 or m1 money supply i.e v = us gdp / m1 or m2.

Velocity of M2

This is a very debatable topic. Only the pros have the right to argue about this stuff and no one else. Peter lynch once told me during my time travel visit that people worry that the velocity of money supply is going up way too fast then we are gonna have depression and if the velocity of money supply goes down then too we are gonna have depression. So which one is it?

Anyways Q3 2020 : 1.149 was the highest reading. Currently we are trying to break it. Q2 2022 : 1.147

"The velocity of money is the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy. This is called an expanding economy." ~ By Fred website.

So go out there and ask your banking friends and tell them please explain the concept of money supply in today's terms. Not an old term. So I too went to my brother for advice. He told me “ F off “

Result : “F off”



Step 7 : Gold

We are not gonna do weekly and monthly time frame analysis on this. Some of you guys may be like “Dude, I'm an old man with agricultural land. I wanna own gold like my ancestors from 18th century coz i believe in stagflation, parabolic move, end of the world, negative debasement hedge blah blah” So i need charts.

Old man's Gold :
Old man you need to chill. We are gonna use our brain like Peter Schiff. So we know, gold doesn't love that his nemesis dollar is going up. Now if you can tell me how high Dxy will go up then i can tell you that the top of Dxy will be the bottom of Gold. Also gold doesn’t love financial crisis or bank runs. In my world gold is a phoenix who rises from ashes. Meaning if we plunge into the abyss then gold is gonna drag us out of there first. Then indices move and other asset classes.

Digital Gold :
As for young folks, you love the King of Voldemort asset class don’t you? So go buy it at amazon bottom i.e. $4-5k or my favorite Richard heart level -83% i.e 10,690. Or if you really don't have the patience like probably 99% of the entire world population you buy some % of this commodity for whatever reasons these guys are selling you at $20k. I shall rest my case now.


Result : Dollar i.e. Dxy up = Gold down and vice versa.



Step 8 : TLT/JNK : It’s kinda like IEI/HYG

Can you guys do this please?
Hint : Bullish divergence on weekly and monthly. Meaning TLT ( 20yr treasury bond etf by black rock ) buying over Junk bonds i.e. JNK



Step 9 : US Oil.

Let's go Brandon and the government. Just how much are you gonna manipulate the best inflation hedge alive. You guys have already killed my Gold. Yes you J.P. Morgan traders, I hate you. May your bank dies in upcoming crash and have Panic of 2023 just like Knickbocker crisis in 1907. Only then I shall have my vengeance a/g those rumors you circulated back in the days.
So guys you probably would know this that our Usa Government try to manipulate oil market just to please people and ask for votes. These are some of their stupid tactics.

  • Releasing SPR ( i.e. Strategic petroleum reserve ) in the market.
  • Pressurizing Saudis to find oil. ( Btw Saudi Armaco alone made profits greater than all Usa mega cap tech combined )
  • Windfall taxes on Oil companies.
  • Distributing E.V. credits to people. But even E.V. companies are smart. They instead increase their price. Ford I mean what the f you guys are doing.

This is the most manipulated market I have ever seen in my 100 yr+ of lifetime. So traders if your conclusion from my above observation was that we should short Oil lemme tell you something in double quotes.
“Be afraid of Putin’s Winter Oil boogeyman”. "Contango is a dangerous thing that futures creates"

You don’t short Oil in winter. Period. Heck you shouldn’t even trade Oil. Only the expert can do this because it's called “Widow Maker” i.e. the losses in this commodity trading could be catastrophic planetary devastation like.

Tip : Btw currently oil is in downwards wedge and it could break to upside and we go up in winter but Oil too like gold doesn't love Dxy going up. So kinda mixed signals i guess. Let's see who shall prevail bulls or bears of oil.

Result : Dollar i.e. Dxy up = Oil down and vice versa but Winter is coming/ Contango = Maybe Oil up.



Step 10 : Powell curve i.e.10 yr - 3 month, 2 yr - 3 month ( Pvt(o) and Elliot wave doesn't work here )

Do you guys remember the talk we had with Powell earlier this year when he was trying to explain us that the inversion of the 10 yr - 2 yr curve doesn't mean anything and unless the near term curve inverts it's all okay. Well folks Powell near time curves are close to getting inverted. Therefore you’re seeing these Fed officials talk dovish recently. Coz if they invert Fed will lose their remaining 0.0000001% credibility. So let’s analyze them on a weekly time frame because on a monthly time frame they look super super bearish to me and there is no chance that the curve won’t invert at some point later on.


J Powell/ Fed Curves : Us10y-Us03m , Us02y-Us03m


Weekly time frame analysis :
  • The current weekly candle in both curves are going to close lower than previous week which could suggest further downside risk.
  • Stochastic Rsi on 10yr-3m looks flat dead whereas on 2yr-3m it looks like it is rising.
  • MacD in both of them is showing us that the downwards declining move is losing its strength.
  • As for Ketlner, well in both of them they are staying in the lower red band suggesting they are still in a bearish trend.

Larry Summers former Fed chairman came recently to Bloomberg saying that the Fed has shown in latest minutes that they don’t even know what they are doing. Hence they Bs’ing us in their statement. I mean guys just read these hawkish and dovish points yourself. Also do check out the hidden statements in minutes which are pieces of advice for billionaires about liquidity and t-bills. Don’t forget my warning about bank runs. They are coming. My bet is Well’s Fargo Oct 2022/23 = Lehman brothers Oct 2008 or you could also go with lowest read by a bank in Fed stress test.

Hawkish vs Dovish vs Billionaire's ( Highlighted in blue ) Fed minutes.


As for individual bonds and overall yield curve :

Bonds :
  • Well 10 yr yields looks so good on both weekly and monthly time frame. So we go up in yields.
  • 2 yr yields look so good on weekly and waiting for monthly close making it bullish. Meaning on September Fed is gonna be dead. ( Yields will rise meaning bond prices go down with stocks )
Note : Once again i'm telling yields is going up due to Eur-usd down i.e. Dxy up and markets front running 95B/m QT. We are quite unsure about rate hikes coz its nearly 50-50 b/w 50 and 75 bps. It will all depend on Cpi and Jobs data in September.

  • Institutions and Hf’s are also buying Chinese bonds like crazy or maybe Chinese themselves because of fear of recession and growth slowdown i.e. flight to safety trade. They have deflationary recession but the thing is they have balance sheet recession. So their government is creating a liquidity trap by cutting rates. But don't forget they can always do exuberance amount of liquidity coz they have very less inflation. In Usa you're getting rekt in both stocks and bonds.

Yield curve :
  • As for the entire yield curve here look at these beauties that Powell has created in these charts.

Credits : Eurodollar University. By Jeff Snyder

Note : Yield should be higher if the time horizon is higher. Meaning shorter end like 2 yr to 5 yr should yield less than 10 yr and 20 yr normally due to unknown risks associated in far future. But look here in these charts. A 52 w t-bill is yielding more than 20 yr and 10 yr bonds. That’s insane. It tells us there is a danger in next 1-2yrs as compared to far in future. The curve has gone banana's b/w 26 w t-bill to 10 yr bond. After 10 yr to 20 yr curve looks so good and why won't it. Because after the most horrible decade in entire history of Usa will come a little less horrible decade. Haha.

Result : I can confidently say yields are going up in respective bonds. But will basic yield curve i.e us10y-us02y will steepen or invert more is out of my pay grade.



Step 11 : VIX. It looks so ready to pop anytime.

I mean what do i even say here. This whole year traders are buying Vix calls in 20 and shorting equities and as the Vix goes 30 they sell their calls and buy puts. Meanwhile longing their equities position.
So smart Vix traders, it's time to integrate the mega crash in your calculations. Meaning do the first phase of second part but leave tf out of second phase of second part i.e. don't buy puts on Vix and don't try to long equity in 30 coz this time folks are going to promised Vix 40+.

Result : Vix is going up. Reason : It's mid terms + Putin x Jinpig x Biden at G8 = Volatility in Sept - Nov.



Conclusion :

Financial derivation = Take those steps into consideration that you are confident in your analysis.

So I chose my Eur-usd pokemon.
Reason : I am quite confident in my analysis and Lagarde. Plus Fed minutes made a commentary about this that dollar is looking so strong as comparison to Euro. Maybe this too played a part in their recent dovish commentary.

Assuming : Eur usd is going down coz Europe is f’ed. ( We were most confident about this in all of our steps. Also my birdie told me 0.93 eur-usd traders have risen from their grave in options market )

Above assumption ( proving in step 1 t.a. ) will mean :
  • Dxy go up due to the mirror chart theory. ( 0.80-0.90 levels in eur-usd = 120 move in Dxy )

  • So now equities, commodities, metals and rest other asset class will fall down.

But what about bonds?

  • Well when the dollar strengthens then the countries who have dollar denominated debts have to sell their bonds and buy new bonds to refinance. Something like that. I think i butchered it. But yah it happens. Other reason being when dollar strengthens due to ext factors then its kinda like a rate hike. So since bonds don't like rate hike they sell off. Now add QT on top of it i.e 95B/m + Us treasury will issue more long term bonds and cut treasury bill issuance. So 10yr to 20yr bond yields will go up.
  • So now remains the case for 2yr bonds. The Fed will hike rates but it's kinda hinting that they won't go aggressive now coz they don't wanna overshoot and bring depression. Hence the 2yr bond will not go up more than the back end i.e. 10yr bond. Meaning us10y-us02y will move from inversion territory to steepening territory.
  • T-bills is getting bought more instead of rrp. Hence t-bills are trading below rrp. Meaning billionaires or banks fear about incoming liquidity crisis or collateral shortage. So t-bills it is or cashola. Or you could go to a money market fund and park your money there coz banks don't give you anything. Let's cause bank run together next year.


  • Also vix will pop up in this scenario due to asset classes being sold off

  • The velocity of m2 is gonna go up suggesting economy expands. Nope. Imo its suggesting dollar milkshake theory coz m2 is going down. Less dollars will be in circulation but exchanges will remain same. ( Long shot. I really don't know. Just guessing )


Final Result :

Every step we proved above using technical analysis on weekly and monthly time frame is being backed by my financial derivation except one thing. Will us10y-us02y curve invert more or steepen.? Coz steepening is bad for dollar strength whereas more inversion is good for dollar strength i.e. Dxy.
P.s. I think i'm so confused. Damn these bonds are tough to read.

Note : I forgot Dr copper. Lol. Why is it going up when Gold and other metals is going down?
*** Illuminati said : "Coz Dxy move up or bond yields move up is not because of rate hikes. They all are priced in. It's because of pseudo rate hikes on the Global market that is causing dollar to strengthen. This is due to QT + Eur-usd , Gbp-usd going down. Throw Japanese yen in there too but its chart is going up coz its Usd-jpy pair not Jpy-usd. Just like i said before too.


Farewell :
Thank you guys for your patience in reading an 8yr old post with naruto references w/o even mentioning Naruto anywhere coz Itachi stole the show. xD I am so tired guys coz i was busy writing stuff for you guys whatever was coming to my mind and leaving no mistake in my final calculations.
Take care guys. I hope one of you becomes a billionaire in this Wsb group and then pump meme stock for future generations. So suck the life out of me in the comments section. I will reply to every single one of your queries one last time.
( Now playing David Guetta : Just one last time )

Again like i always say. Don't forget your friends and family. Call them once every week. Be humble, stay safe and eat healthy.

With lots of love
Regards
Uchiha

x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x
THE END

Sayonara...!!!
submitted by DesmondMilesDant to wallstreetbets [link] [comments]

#EURUSD #WaveAnalysis The counter had completed its long-term wave 4 with an ABC correction. It had bounced off from the lows strongly by crossing the resistance at 1.1706. We expect the pair to race away to highs and complete the wave 5. Get it: https://traderpulse.com/forex-analysis-app/#pricing

#EURUSD #WaveAnalysis The counter had completed its long-term wave 4 with an ABC correction. It had bounced off from the lows strongly by crossing the resistance at 1.1706. We expect the pair to race away to highs and complete the wave 5. Get it: https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

#EURUSD #WaveAnalysis The counter is currently forming an ABC correction. It is now in its second leg which is of the wxy wave form. Now, the pair is making a bullish move to complete the wave y. Hence we expect the pair to be bullish. https://traderpulse.com/forex-analysis-app/#pricing

#EURUSD #WaveAnalysis The counter is currently forming an ABC correction. It is now in its second leg which is of the wxy wave form. Now, the pair is making a bullish move to complete the wave y. Hence we expect the pair to be bullish. https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

#AUDCHF #WaveAnalysis ~~ After completing a #bearishcycle, the counter is limping up to complete ABC correction. ~~ It is forming a wave A in the form of a #bearishflag. ~~ We expect it to render a #bearishbreakout to form wave B. https://traderpulse.com/forex-analysis-app/#pricing

#AUDCHF #WaveAnalysis ~~ After completing a #bearishcycle, the counter is limping up to complete ABC correction. ~~ It is forming a wave A in the form of a #bearishflag. ~~ We expect it to render a #bearishbreakout to form wave B. https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

#EURUSD #TechnicalAnalysis As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone.The #bearishflag formation has also broken down, validating the wave C. We expect the pair to be bearish in the shortterm.https://traderpulse.com/forex-analysis-app/#pricing

#EURUSD #TechnicalAnalysis As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone.The #bearishflag formation has also broken down, validating the wave C. We expect the pair to be bearish in the shortterm.https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

#USDCHF #WaveAnalysis ~~ The counter is currently in an ABC correction. ~~ It is now in its final stage for wave B looking out for support. ~~ We expect the pair to find its support around the current price point and head higher. https://traderpulse.com/forex-analysis-app/#pricing

#USDCHF #WaveAnalysis ~~ The counter is currently in an ABC correction. ~~ It is now in its final stage for wave B looking out for support. ~~ We expect the pair to find its support around the current price point and head higher. https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

#AUDCHF #WaveAnalysis The counter is currently in an ABC and moved down significantly. Now, it is forming a #triangle in the short-term charts. We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651. https://traderpulse.com/forex-analysis-app/#pricing

#AUDCHF #WaveAnalysis The counter is currently in an ABC and moved down significantly. Now, it is forming a #triangle in the short-term charts. We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651. https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

#CHFJPY #WaveAnalysis After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase. It is now at a strong #priceactionsupportzone and at the final stage of wave A. We expect the pair to be #bullish in the near-term. https://traderpulse.com/forex-analysis-app/#pricing

#CHFJPY #WaveAnalysis After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase. It is now at a strong #priceactionsupportzone and at the final stage of wave A. We expect the pair to be #bullish in the near-term. https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

AUD/CAD Technical Analysis ~~ The counter is currently trading around a strong resistance zone that triggered a sell-off previously. ~~ According to the wave, it has now completed the ABC correction. ~~ Hence, we expect the pair to move down https://traderpulse.com/forex-analysis-app/#pricing

AUD/CAD Technical Analysis ~~ The counter is currently trading around a strong resistance zone that triggered a sell-off previously. ~~ According to the wave, it has now completed the ABC correction. ~~ Hence, we expect the pair to move down https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

#CADJPY #WaveAnalysis The counter has recovered from the low with a strong V-shaped rally, which is a sign of reversal. Further, the could interpret it as an ABC correction. Hence, we expect the pair to trade with #bullishbias from here. Get now: https://traderpulse.com/forex-analysis-app/#pricing

#CADJPY #WaveAnalysis The counter has recovered from the low with a strong V-shaped rally, which is a sign of reversal. Further, the could interpret it as an ABC correction. Hence, we expect the pair to trade with #bullishbias from here. Get now: https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

Legal formalities for developers who wish to start freelancing

About 6 months back I started exploring the possibility of doing freelance and earning some extra income. I didn't know where to start and what legal angles I need to take care of. Today I've completed all the steps needed to legally receive payments in foreign currencies working remotely from India.

This post is an attempt to list all these steps (which will hopefully reduce your hassle if you want to freelance for an overseas client).

  1. You need a "Shop Act" Certificate
    • This is needed before you apply for a GST number
    • You need to name your "firm" e.g. ABC Software Solutions (Your bank may ask you to generate Invoices that contain your firm's name to settle your payments)
      • My CA asked me to get the name of my firm printed on a piece of paper and take a photo with it for uploading it as supporting documents
  2. Get a GST number as a registered proprietor
    • A GST officer may visit your "place of work" for verification. In my case, they didn't.
    • If your gross payment as a freelancer is below 20L, you don't need to be GST registered. However, assuming it will go above that eventually, it's better to get it from the start.
  3. A current account
    • This is the account in which you will receive your payments
    • You need to add your bank account details to your GST portal (in other words, your Current account is linked with your GST number)
    • Be sure to properly discuss the USD (or whatever) to INR conversion charges the bank will be taking. I did not know about this, and got duped for the first time when the bank charged me a hefty amount during the conversion. Since you're technically a business account, you're a high priority customer now. So the forex people in the bank will entertain your requests to give a better conversion deal. This also depends on your transaction value.
  4. A contract (offer letter) from your client that clearly mentions the name of your firm (This may not be strictly necessary, as banks generally ask Invoices mentioning both parties for each payment. But it's always good to have things clearly on paper).
  5. File "LUT FORM & RFD-11" (This "Letter of Undertaking" is needed to make yourself exempt from paying GST. Your CA would know more)

Advantages of freelancing:

For Instance,
Assuming you receive payments worth 40 Lacks INR in a financial year, you can write off 20 Lacks as business expenses straight away. Then, assuming you utilise full 1.5 Lacs limit of section 80C, effectively your taxable income (called profit) is actually just 18.5 Lacs.
If the gross income from freelancing goes above 50L, you will pay income tax like any other regular individual. Except , you can claim some "business expenses" (example below).
IMPORTANT: You will only have to pay income tax, NOT GST. You also don't need an Import-Export (IE) license; as you're not exporting any physical goods. You need to make this clear to your CA. You're working as a professional providing software services. You need to file an LUT on the GST portal mentioned in step 5 above.
Also – you can still be employed as a regular employee (deducting PF, TDS and whatnot) while doing freelancing. While filing your ITR, the income from freelancing will go under the "Income from Profession" head.
Hopefully, these steps will help you get better clarity on what you need to do. Kindly note that this is not an exhaustive list. I've just mentioned the main important steps. I'm by no means a CA or a tax expert. So the exact details of what/how you have to pay tax may vary based on your situation. Please consult a good CA for that. Best to do all this via a registered CA.
EDIT: A reader points out that if you get GST registered before your income from freelancing goes > 20L, you will need to pay GST. As far as I know, if your client is working in India, only then you'll need to pay GST. Be sure to get this clarified from your CA.
submitted by newplayer12345 to developersIndia [link] [comments]

[Fri, Dec 02 2022] TL;DR — Crypto news you missed in the last 24 hours on Reddit

Bitcoin

If you don’t know why #bitcoin is here then see The value of paper money in Venezuela. 👇 This is coming in your country as well.
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😎
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15 million BTC are now in cold storage. Supply Shock incoming ?
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ethereum

Apple has blocked an update to Coinbase wallet because they want a cut of gas fees to send NFTs
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Patrick Hillman, director of strategy at Binance , said that the company may cease to exist in 10 years because the cryptocurrency market is moving towards DeFi.
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PEEPanEIP-1153: Transient storage opcodes with Moody S.
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CryptoCurrency

Sam Bankman-Fried apologized to an FTX customer who said he lost his life savings of $2 million, and accused the former CEO of stealing it.
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3 Crypto Billionaires Have Died in the Last Month
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Coinbase wallet on IOS disables sending NFTs as Apple claims that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they can collect 30% of the gas fee.
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btc

Binance announces they are stalling and will not undergo a 3rd party audit of liabilities anytime soon. Instead they will flash some reserves and hope that is enough to avoid a bankrun. Tether also has been announcing they will be audited for years, but obviously they are just lying.
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Bitcoin Cash (BCH) Argentina exhibition at the New Year's Eve Libertarian Meeting
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CASHRAIN: A Unique Platform To Benefit Online Communities - Powered By Bitcoin Cash
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SatoshiStreetBets

Bro, my cousin just sent this too me saying I need to buy in now... The more I looked at it the more I realized he's a complete moron XD
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FTX crash VS Bitfront shutdown reaction
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Sharing my Google Sheets work template of Crypto/Stock/Forex Trading Journal, Strategy Analysis for Backtesting, & Live Trading
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CryptoMarkets

Probably the truest fortune cookie ever.
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FTX was the 'fastest' corporate failure in US history — Trustee calls for probe
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Sam Bankman-Fried Is Organizing His Defense in the FTX Fiasco, but He Is Struggling to Convince. For many, the ingenuity he wants to show today is just a facade to hide the reality: he is the crook responsible for the biggest fraud in crypto history.
Comments || Link

CryptoCurrencies

Why isn’t SBF arrested already? Are they gonna let him off?
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FTX ex-CEO Bankman-Fried claims he was unaware of improper use of customer funds
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Gary Gensler Says Crypto Investors Should Embrace SEC Regulation
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CoinBase

Plaid sucks and Coinbase is shady af
Comments || Link
Coinbase Disables NFT Transfers on iOS App as Apple Desires 30% Minimize
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Transferred BCH to wallet generated by Coinbase in recieve/send, now Coinbase saying wallet is not associated with my account?
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binance

Binance Advent Calendar.
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First Quantum Currency ever made.
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Binance Order History Not Showing Any Transactions
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solana

New Solana Podcast: The Next Billion hosted by George Harrap
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Orca.so Has Officially IntegratedWith Stripe’s Onramp
Comments || Link
Stripe Debuted Its Fiat-to-crypto Payments Onramp — And 11 Of The 16 Projects In The Program Are Built On Solana
Comments || Link

cosmosnetwork

prop 87. raising the depoist amount from 64 atoms to 640, too rich for my blood.
Comments || Link
NoPixel - The Best Creations From Season 1 (JUNO)
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Brian Crain, web3, DAOs & freedom (#79 episode is released with Brian from Chorus One)
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algorand

MAPay (Healthcare payments on Algorand) to issue 100 million NFT's for the government of India
Comments || Link
Swap with Tinyman🚀 Pera Wallet 5.5.0 is now live on iOS!
Comments || Link
SkyBridge Algorand Offshore Fund, Ltd. has sold nearly $50 million more since the last filing
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cardano

There's a vibrant ecosystem is growing around the Cardano network
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Cardano will have its Ethereum moment next bull run
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Hardware support is now available for Plutus v2
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Monero

Buying XMR with credit/debit card is now LIVE in 40 states on Monero.com! Also available in most other countries!
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Spotted in a small New Zealand town by the river.
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Ah yes, ""Monero customer support"". One comment in one thread in this subreddit and they're already trying to offer me customer support. What a helpful bunch!
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NFT

Coinbase Blocks NFT Transfers on iOS Devices After Apple Asks for 30% Cut of NFT Gas Fees
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EMP.Money presents: POW'r UP, a virtual Ethereum mining NFT backed by a $6M ETH pool
Comments || Link
Hello Reddit ! It's been 1 month of minting - already 100 cats are minted!
Comments || Link
submitted by _call-me-al_ to CryptoDailyTLDR [link] [comments]

Forex Trading made easy as ABC

Forex Trading made easy as ABC submitted by onlinecoursesfree to udemycouponsfree [link] [comments]

get free forex trading signals by Simple ABC Correction

get free forex trading signals by Simple ABC Correction
What should you look for when searching for measured moves? Here’s a list • Measured moves act as reversals of the prevailing price trend. For MMUs, look for a downtrend before the chart pattern begins. For measured move down , look for an uptrend preceding the pattern.
• The first leg should be a straight-line run with little curve to it.
• The corrective phase should be proportional to the first leg. Prices usually retrace 40% to 60% of the first leg move. Be suspect of larger retraces. Pair large first legs with large retraces; small first legs with small retraces. Avoid patterns that look like horizontal saw teeth—the retrace has gone too far.
• The second leg should approximate the slope of the first leg, but allow variation.
• Volume trends downward throughout the pattern.
Simple ABC Correction Trading Tips and free forex signals
Draw a trendline from A to C and extend it downward. When price closes above the trendline, buy.
• For more aggressive traders, draw a trendline down from C and buy when price closes above it (see the dashed line in the figure). Also, a close above the intraday high at valley B works.
• For more conservative investors, a close above C or even A is the buy signal.
• Buy only if the market and industry are both trending upward, so the stock can make the most of upward momentum.
• Be prepared for price to reverse at A—36% do, and prices drop, confirming a double top.
The larger the corrective phase retrace, the better the chance of meeting the price target
www.freeforex-signals.com
free forex signals presents forex trading signals via SMS , Email and WhatsApp for Free

submitted by frees2020 to u/frees2020 [link] [comments]

Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network - ForexTV.com

Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network - ForexTV.com submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network - ForexTV.com

Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network - ForexTV.com submitted by cryptoanalyticabot to cryptoall [link] [comments]

What's the term for trading forex like you trade stocks, and can I do that in Canada?

If I buy EUR.USD in TWS, I am doing a currency conversion; I've purchased EUR for USD. How can I instead 'trade' currency like I can trade a stock? For example, for a stock, I create a bracket order where I enter on MKT buy of stock ABC, set a stop loss if it goes below X, set a take profit if it goes above Y? Is this type of trade called a Forex CFD?
submitted by Snoo-92945 to interactivebrokers [link] [comments]

[World] - Malaysia launches inquiry over forex losses under Mahathir | ABC

submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

(ABC) Malaysia launches inquiry over forex losses under Mahathir | Malaysia's government has launched an inquiry into massive foreign exchange losses by the central bank more than two decades ago, in a probe that could lead to criminal prosecution for former Prime Minister Mahathir Mohamad

submitted by Mukhasim to UMukhasimAutoNews [link] [comments]

Why Rupee is falling? How it will affect you?

In August 2022, the Indian rupee fell to Rs 80 against US Dollar. This is the lowest value of Ruppe which fail more than 5% against the US Dollar in the first half of 2022. This fall against the dollar in the forex market means the Indian currency is weakening. Imports to India have become costlier while exports have become cheaper.
One of the major reasons for it is the payment that is accepted in the majority of countries that import to India is USD.
Why Rupee is falling? How it will affect you?
Why Rupee is Falling?
The value of the Indian rupee to the US Dollar is dependent on demand & supply. If a country’s imports are more than exports, then the demand for the dollar will be higher than the supply, and the domestic currency like the Indian Rupee will depreciate against the dollar. Moreover, India is mostly dependent on imports of crude oil and other goods. The country makes payments in US dollars, contributing further to the fall of the Indian currency. So, it is pretty much figured out that the rupee’s fall these days is mainly due to high crude oil prices, a strong dollar overseas & foreign capital outflows.
The Rupee has been in constant decline and has been pushed further down after supply chain disruptions occurred as an effect of the Russia-Ukraine war, economic challenges on a global level, crude oil prices & other issues.
All this leads to more money flowing out of India. It impacts the rupee-dollar exchange rate, depreciating the rupee. Such depreciation is putting considerable pressure on the already high import prices of crude & raw materials. It is boosting inflation on imported items (where you are ready to pay more for a commodity) & production costs along with higher retail inflation.
Impact on the Indian Economy
India imports 20-21% of its GDP. It includes goods such as mineral fuels, oils, electrical & mechanical machines, nuclear reactors, jewellery & other types of goods. Almost all of these imports are conducted in dollars which leads to the weakening of the Indian currency.
Impact on the Indian Economy
Impact on Sectors: Oil & Gas: India imports more than 85% of its oil & around 50% of the gas from other countries. As the dollar holds strong against Indian Rupee, this sector is negatively impacted. Crude importers such as Indian Oil, BPCL, HPCL and gas importers such as GAIL, & GSPC is facing a rise in purchasing cost.
FMCG: The majority of raw materials such as crude & palm oil derivatives are imported which accounts for 50% of the input cost. But due to the falling value of the rupee companies are increasing the prices to compensate for the increase in the input cost.
Electronics: When it comes to electronics, about 40 to 60% of the total input cost comes from imported components and machines. India imported closer to $56.73Bn in electrical, & electronic equipment in 2021. Especially in the smartphone sector, around 70 to 80% of the input cost is imported. Now due to the increase in value of the dollar, their cost of making is also increased. Positive Impact: There is a positive impact of the falling rupee on the Indian economy.
Higher exports: When the rupee falls, Indian exports become cheaper for foreign buyers. This then leads to an increase in demand for Indian goods in foreign markets. Due to this a fall in the value of the Indian rupee can help boost exports.
Higher Export Value
Supports domestic industries: When the rupee falls, import costs increase. This helps domestic industries as it will be easier to compete with the prices of imported goods. In the market, Indian companies are competing with multinational companies for goods. These Indian companies might find it easier to compete with MNCs as import costs increases.
Improving trade balance : If domestic companies succeed in taking advantage of the rupee falling with made-in-India products that can substitute imported goods then India’s trade balance might improve.
Negative impact: Higher import costs: When the rupee falls, imports become costlier. This leads to an increase in the prices of imported goods.
Increase in oil & gas prices
Might drive capital out of India : When the rupee falls, the value of capital invested by foreign investors will shrink. This leads to foreign investors pulling out their money from Indian stocks and bonds. Suppose a foreign entity named ABC has invested $1Mn in Indian equities & expecting a return of more than 10% in 1 year. If the value of the rupee fails, then the equity’s returns might decrease in its value.
If the domestic sectors/ industries are failed to take advantage of the rupee falling & if foreign investor pulls out their investment then the value of the rupee may fail more than expected. The reason for this increase in value fall is higher import costs & capital outflows would increase the supply of the Indian rupee & the demand for foreign currency.
Conclusion
Due to the fall of the Indian rupee, the costs of many goods and services are impacted. The majority of sectors such as IT, Pharma, Garments, Oil, Gas, & Tea sectors are impacted the most. Though most sectors are impacted, it is beneficial for most of them. Taking one example is the IT sector as they bill most of their clients in US Dollars. Also, profits are expected to rise for the tea sector.
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وصل المفاجئه اقوى روبوت 98% وداعا للخساره فى الخيارات الثنائيه!! واهلا بتحقيق مئات الدولارات يوميا!! Flach samsung j1 2016 SM J120F طريقة تفليش وتعريب سامسونج الغد سيبقى تجاوز رمز قفل الشاشة في اجهزة الاندرويد reset samsung android اغرب منتجات التي ممكن ان تشتريها من الانترنت / افتح قفل هاتفك واي تطبيق تريد من خلال الخاتم الذكي

استعراض النقاط الذكية فوركس . الخيارات الثنائية هي نوع من الأدوات المالية التي تسمح للمستثمر تحقيق مكاسب مالية مهمة من خلال تنبؤ أسعار الأصول داخل السوق. توفر لك الخيارات الثنائية دخل ثابت لكن ذلك مرفوق ببعض المخاطر ... استعراض الفوركس لم . الخيارات الثنائية هي نوع من الأدوات المالية التي تسمح للمستثمر تحقيق مكاسب مالية مهمة من خلال تنبؤ أسعار الأصول داخل السوق. توفر لك الخيارات الثنائية دخل ثابت لكن ذلك مرفوق ببعض المخاطر. .يمكنك من ا النقد الاجنبى استعراض النقد الاجنبى Forex هو شكل قصير للعملات الأجنبية ومن المعروف أيضا باسم FX. These شروط تشير إلى تداول العملات في العالم سوق الفوركس هو أكبر سوق في العالم مع إجمالي الصفقات المقدرة التي المبلغ إلى أكثر من 3 تريليون دولار أمريكي كل يوم. البنوك ت ت الفوركس روبوت. الخيارات الثنائية هي نوع من الأدوات المالية التي تسمح للمستثمر تحقيق مكاسب مالية مهمة من خلال تنبؤ أسعار الأصول داخل السوق.

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وصل المفاجئه اقوى روبوت 98% وداعا للخساره فى الخيارات الثنائيه!! واهلا بتحقيق مئات الدولارات يوميا!!

اغرب منتجات التي ممكن ان تشتريها من الانترنت / الروبوت المتكلم ... 95% Winning Forex Trading Formula ... للجهاز مع استعراض كل ... في استعراض لسامسونج غالاكسي j1 2016. استعراض الدرجة السياحية من سامسونج. متاح 3 خيارات الألوان الأسود والأبيض و القناة الرسمية للفنان الكوميدي وليد الغابر The official channel of the artist comedian Walid Al-Ghabir لمتابعة كل جديد بالقناة ... التداول الروبوت الروبوت ، تداول افانزا بوت ، تداول الذكاء الاصطناعي بوت ، روبوت التداول في العمل ، باوت الت� GSM-ABC 462,831 views 4:00 حل مشكلة حساب جوجل (إدخال الايميل) بعد فورمات هواتف الاندرويد طريقة جديدة تعمل حتي الان 2017 ...

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