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 EUR USD Euro Dollar - Investing.com

EUR USD Euro Dollar - Investing.com

PaperTrading

Subreddit under new ownership. Paper Trading Bot in Development. Expect updates soon.
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FOREX-Buoyed dollar sends euro, sterling to 2 1/2-year lows

LONDON, Aug 1- Gains by the dollar after the Federal Reserve cut interest rates sent the euro to a 26- month low against the U.S. currency on Thursday, as investors decided a lengthy Fed easing cycle was unlikely after the first rate cut since the financial crisis. "It's not the beginning of a long series of rate cuts," Fed Chairman Jerome Powell said after the Fed's...
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

FOREX-Rebounding dollar sends euro, sterling to 2 1/2-year lows

*Euro plunges to 26- month low vs dollar. LONDON, Aug 1- Gains in the dollar after the Federal Reserve sounded cautious on more rate cuts sent the euro to a 26- month low on Thursday, as investors decided a lengthy U.S. easing cycle was unlikely. "It's not the beginning of a long series of rate cuts," Fed Chairman Jerome Powell said after the Fed's decision, although he added, "...
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

FOREX-Euro slides to two-month low on bleak euro zone data; dollar index flat

*Sterling rises as Boris Johnson appointed UK prime minister. *Johnson vows to lead Britain out of EU on Oct. 31. NEW YORK, July 24- The euro fell to a two-month low against the dollar on Wednesday, weighed down by weak economic data that bolstered expectations that the European Central Bank could undertake aggressive monetary policy easing as soon as this week.
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

FOREX-Euro slides to 3-week low as Fed rate repricing buoys dollar

LONDON, July 9- The euro dipped below $1.12 to a three-week low against a stronger dollar on Tuesday as investors re-assessed their expectations of how much the Federal Reserve may cut interest rates by this month. The nomination of IMF Chairwoman Christine Lagarde as the new head of the European Central Bank added to market participants' worries that the ECB...
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

FOREX-Euro slides to 3-week low as dollar jumps on Fed rate repricing

LONDON, July 9- The euro dropped to a three-week low against a broadly stronger dollar on Tuesday as investors re-assessed their expectations of how much the Federal Reserve may cut interest rates this month. Following a stronger than expected non-farm payrolls report on Friday, traders are questioning "the excessive dovish hopes" they had for a Federal...
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

[Business] - Expect US dollar to plunge 40% against euro, forex analyst predicts | Russia Today

[Business] - Expect US dollar to plunge 40% against euro, forex analyst predicts | Russia Today submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Expect US dollar to plunge 40% against euro, forex analyst predicts

[Business] - Expect US dollar to plunge 40% against euro, forex analyst predicts submitted by AutoNewsAdmin to RTauto [link] [comments]

Russian Central Bank Rebalances Reserves: Less Dollars More Euros. Intends to diversify its forex holdings away from the dollar and towards emerging market currencies.

Russian Central Bank Rebalances Reserves: Less Dollars More Euros. Intends to diversify its forex holdings away from the dollar and towards emerging market currencies. submitted by eyeofthestorm to russia [link] [comments]

Irish people who go to the states reasonably often: is it better to pre-change Euros to Dollars in a forex/bank and take cash, or to use an Irish Visa Debit in an ATM over there?

submitted by temporaryuser1000 to ireland [link] [comments]

FOREX-Euro holds near three-year highs as rising yields fail to lift dollar

submitted by AlgobitForex to forexhome [link] [comments]

FOREX-Euro sinks to 12-year low against dollar as QE bites

submitted by Shares_RSS to Economics [link] [comments]

FOREX-Euro takes back some ground lost to dollar ahead of ECB

submitted by Shares_RSS to Economics [link] [comments]

ING says Dollar still heading higher vs Euro - to $1.00 and $0.95 - (they are top ranked Forex analyst for 2nd quarter in a row)

ING says Dollar still heading higher vs Euro - to $1.00 and $0.95 - (they are top ranked Forex analyst for 2nd quarter in a row) submitted by rufusjonz to StockMarket [link] [comments]

FOREX-Dollar rally ends as euro pivots to gains ...Dracula Markets are weary of daylight... keep following the *moon light*

submitted by OmegaBrahman to business [link] [comments]

How To Trade Forex: Battling The Euro Dollar

How To Trade Forex: Battling The Euro Dollar submitted by jomarreyes to Forex [link] [comments]

Dollar Continues to Beat Euro on Forex

submitted by enivid to Economics [link] [comments]

What is the best way to hedge against inflation of the USD?

I'm hoping someone here can tell me the best way to hedge against the very real possiblity of USD inflation given infinite QE paradigm we are in and JPow ready to print trillions more dollars.
I'm thinking Euros and Swiss Francs. Also got some Gold and Silver, but those things will sell off hard if a correction (or crash) happens in order for investors to cover margin calls.
Would like some specifics (e g. comapnies/foreign banks that will let me open an account and transfer money into other currencies with minimal fees). I know I can go open a forex account, but I dont wanna pay taxes on any gains from simply trying to keep cash safe and its value stable.
Can some more experienced investors please shed some light on this.
P.S. I dont buy the narrative that we are in a deflationary period. Whether that is true or not, a devaluation of the dollar is creeping steadily upon the horizons IMO. I'm simply asking the best way to take up positions in stable currency/asset without getting boned by any capital gains tax or bogus fees/spreads on the spot price.
submitted by CurrentPrice5 to investing [link] [comments]

Your Pre Market Brief for 07/16/2020

Pre Market Brief for Thursday July 16th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Updated as of 4:45 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 07/15/2020 News and Markets Recap:
Thursday July 16th 2020 Economic Calendar (All times are in EST)
(JOBLESS CLAIMS TODAY)
News Heading into Thursday July 16th 2020:
NOTE: I USUALLY (TRY TO) POST MANY OF THE MOST PROMISING, DRAMATIC, OR BAD NEWS OVERNIGHT STORIES THAT ARE LIKELY IMPORTANT TO THE MEMBERS OF THIS SUB AT THE TOP OF THIS LIST. PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH! THE TIME STAMPS ON THESE MAY BE LATER THAN OTHERS ON THE WEB.
Upcoming Earnings:
Commodities:
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
submitted by Cicero1982 to pennystocks [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

doubt about forex trading

good night, can someone clarify a doubt? can we use these currency indices to rely on forex market entry? example, euro index exy -0.14% / Australian dollar index axy 0.22%, could we rely on a sale in eur / aud?
https://br.tradingview.com/markets/currencies/indices-all/
submitted by Trader_Kamikaze to Forex [link] [comments]

Should I hedge against USD? Is that even a hedge?

I'm in the following situation rn:
I live in Europe and pay in Euro for the necessary things in life. My personal investing / trading style is based all around US Equity. So practically 85 % of my wealth is either in $ Cash or in US Equity.
The USD is now down more than 7 % in comparison to the euro since the beginning of May. So I practically lost 7 % isn't it?
A few days ago I thought it would be smart to hedge against the currency risk through a simple forex broker in swiss where I have a leverage of 200. Since I did that the USD lost about 2 %, the trade I placed gained 2 %, exactly what I theoretically lost on the US side. The swaps I pay the broker for holding the forex position overnight are insignificantly small and with the 200 leverage, I don't need much capital to place the trade 1 to 1.
Now I'm a bit confused, I had recently a discussion with a friend who told me that what I was doing is nonsense and not a hedge at all. It's speculation on a weaker dollar and I would be dump to hold 85 % of my money in $ because I use € to pay the bills and everything.
But the point is that even if the USD got stronger, I would lose money on my forex position, but I would also "gain" money on my $ position I hold in my US brokerage. + - 0
Sorry if that a dumb question but do I make a thought error? Is the hedge reasonable and is it really that important to have my base currency as the standard living currency I use to pay bills?
submitted by LeReddington to investing [link] [comments]

I heard a live forex pitch right on my balcony.

So I was sitting out on my balcony (in an apartment complex) and out comes my upstairs neighbor. He is conducting an “interview” over FaceTime. The “interviewee” was telling him that he had lost his job due to Covid and has struggled to find employment since. So all of a sudden my neighbor goes “okay so this interview is going to go like this: I am going to tell you a little bit about what we do” and talks about how when you exchange 100 dollars of US money, you get more back when you exchange it for euros. Then he goes on this whole thing about how the Foreign Currency Exchange is a lucrative way to make income—whatever.
THEN. he says-another way to earn income is to get other people to join the “group chat” (whatever that means) this man literally says “you can have 12 people under you but you don’t have to sign up those twelve people. You sign up three people and those three people sign up three people.” ThAt Is a PyRaMiD.
This poor victim fell for the scam and sent my neighbor 200 dollars and now has to pay 176 a month which I guess goes toward trading?
Anyways I did a little digging and it’s a company called Forex and I am fairly certain it is not legal.
submitted by bachesbecrazy to antiMLM [link] [comments]

US Dollar Index – Why Use It With Forex - YouTube EUR/USD Technical Analysis for March 23, 2020 by FXEmpire EUR/USD Technical Analysis for June 2, 2020 by FXEmpire How to Trade the EUR USD (Warning!!) - YouTube [FIXED ALREADY] Ebay - currency bug and work around ...

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US Dollar Index – Why Use It With Forex - YouTube

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