₦airaland Forum

EURAUD also broke its channel (breakout) but its not convincing enough. We aint sure if its a breakout or a fakeout until the end of the day.



Frawzey

1) The Building permit weakened the dollar, so I had to put stops at the SMA200 which is 084202, the previous stops.

2)Once Gold breaks Channnel2 then it would touch the white line at 1584.73. If it breaks the white line again then a sell would do. Today would determine its movement.


Frawzey

ayox2003: Sold Kiwi at 084077 SL 084202



Frawzey

Moved stop to breakeven.


Frawzey

Sold Kiwi at 084077 SL 084202



Frawzey

How Lahm no go dey FIFA11 if no be say na wuruwuru voting them dey do.

Bayern don carry Le Ar-se enter one chance for this match. Na to go drop dem for Allianz remain.



Frawzey

FOREXMART: how many retail brokers can boast of paying a single trader a whooping sum of $1million dollars without delay or coming up with some gibberish excuses as to why they won't pay or returning the traders initial capital like fx open, placing trades to wipe out the trader like igindex did to naijababe or freezing your robot and disabling its trades like fxopro does. Well XE MARKETS did that last year and I can go on and on.
Reasons i use XE MARKETS(TRADING POINT) is cos they are STP/ECN only, segregated accounts, FSA UK/BAFFIN/CYCEC Cyprus regulated, variable spread and excellent customer service with a no-requote policy. Swift funding and withdrawal. What more could u ask of a retail broker. STP,ECN and DMA brokers prefer you make money cos the larger ur equity the larger your lot size and the more money they make from your spread so why would they tamper with ur trade. The worse case scenario could be a server issue and no broker is innocent of that. Nuff said go and learn about the following dealing methods : STP, ECN, MARKET MAKER (the worst), DMA.

Really? When? Huh?


Frawzey

Sunny_bobo: I have always said that maintaining subsidy for fuel is not feasible for any serious government.

This mentality is so skewed.
What's the assurance that the removal of subsidy will bring about growth if corruption still thrives in government?

Check your facts. Saudi Arabia subsidizes fuel and her government is way more serious than these african presidents that swallow all what the West throws at them.

The decision to cut subsidies came days after Fitch rating agency revised the nation's outlook to negative from stable , citing the severe deterioration of its fiscal deficit.

Read the bolded again. Fitch, a Western tool, cuts Ghana's rating to negative and all the government could do was to remove subsidy so that when the benchmark price of oil increases, the government has no business in paying a little so as to help the poor and the needy. In the West where subsidy doesn't exist, they cater for the unemployed, their citizens have access to good healthcare and food. Africa is yet to provide these benefits for its citizen, yet the only benefit they get for having a democratic government is being snatched away.

This is Africa! We need a "collective" responsible government to bridge the gap between the rich and the poor while fostering development. Poco a poco when a good number of citizens can stand on their own, we can now start reducing governments 'help'.

Let's see if Ghana will become the next Zurich or Dubai because it has removed subsidy. Nigeria that's removed a lil, what has she done with the money?



Frawzey

surveyProf: ^^^
Mr. Samuel Ekwueme, this all I need!!!

You may not be far from the truth


I did a little footprinting on him and here is what I found.

https://www.nairaland.com/450805/pls-beware-damogul-he-fraudster



Frawzey

Aint this the lady?

https://www.nairaland.com/1199291/onibara-mi-ti-npe-ni

?



Frawzey

Also watching the yen pairs for a break out. Most are within the triangle.



Frawzey

Glued to my PC

Make money no enter bush.

ANy break above the triangle upward woould signify a massive bull run while a break below the triangle would be a massive sell off.



Frawzey

...and trust those politicians on hearing the "prophecy", they'd start calling the "Prophet" to book appointments for "prophetic" prayers.



Frawzey

BTFormular: bro please in few sentences analyse that update

G20 finance chiefs have taken a stronger stance against weakening of the Yen. The weakness of the yen made USDJPY, CADJPY, EURJPY and others bullish. We might see a brief strength in Yen which ofcourse would make those pairs bearish.

erniok: stayed off that currency. the mafia na strong one.

So what pair are you looking at ?


Frawzey

So for those who still have open positions in yen like me, we must be at alert when the market opens to keep track of its direction cos this news would weigh-in on short positions. Yen "should" become strong and ofcourse it would favour a short position.

I'm mobile at the moment but I hope to get to my pc before the market opens on Sunday.

Have a bubbling weekend.



Frawzey

This is the most important news at the moment.

Group of 20 finance chiefs took a harder line against governments trying to influence exchange rates as they sought to tame speculation of a global currency war without singling out Japan for criticism.

Two days of talks between G-20 finance ministers and central bankers ended in Moscow with a pledge not to “target our exchange rates for competitive purposes,” according to a statement handed to reporters today. That’s stronger than their stance three months ago and leaves Japan’s government under pressure to stop publicly giving guidance on the yen’s value.

With the yen near its lowest level against the dollar since 2010, policy makers are attempting to soothe concern that some countries are trying to weaken exchange rates to spur growth through exports. The risk is a 1930s-style spiral of devaluations and protectionism if other countries retaliate to safeguard their own economies.

“Currency wars are globally suboptimal because if one country devalues its currency, other countries can strike back and everybody gets into a vicious circle,” Reserve Bank of India Governor Duvvuri Subbarao told reporters in Moscow today.

The new commitment is probably aimed at telling the Japanese that while they can stimulate their economy, they shouldn’t point to specific yen levels as desirable, said Chris Turner, head of foreign-exchange strategy at ING Groep NV in London. While the currency may initially climb next week it will soon resume its slide toward 100 per dollar from 93.50 as the Bank of Japan keeps easing policy, he said.

“It makes it harder for the Japanese to talk down the yen, but they will let their policies do the talking,” said Turner.

Japan has faced suspicion it’s trying to depreciate its currency, which lost about 7 percent this year as Prime Minister Shinzo Abe, who took office in December, campaigns for looser monetary policy to end 15 years of deflation.

Japanese officials in Moscow denied driving down their currency, arguing its fall was a byproduct -- not a focus -- of their effort to revive the world’s third-largest economy.

“The Bank of Japan’s measures have been and will remain targeted at achieving a robust economy through stable prices,” Bank of Japan Governor Masaaki Shirakawa said today. The G-20 statement is “absolutely in the same spirit as our monetary policy,” he said. Finance Minister Taro Aso said a stronger Japan would “have a positive impact on the global economy.”

That stance won support in Moscow.

“There was no censure of the Japanese attitude, which was considered a policy to develop its economy and not to intentionally devalue,” said Brazilian Finance Minister Guido Mantega, who popularized the term “currency war” in 2010.

“Talk of currency wars is overblown,” said International Monetary Fund Managing Director Christine Lagarde. “People did talk about their currency worries.”

The Japanese defense echoes comments by U.S central bankers, who have run into criticism from emerging market officials such as Mantega for embracing stimulus, which has then undermined the dollar and strengthened other currencies.

In a nod to such complaints, the G-20 members agreed to monitor and minimize any “negative spillovers” and said that monetary policy should always be aimed at domestic needs, according to the statement.

Developed nations should “pay attention to the effects their monetary policies have on external markets,” Chinese Vice

Finance Minister Zhu Guangyao told the state-run Xinhua news service from Moscow.

Federal Reserve Chairman said yesterday in Moscow that the U.S. has deployed “domestic policy tools to advance domestic objectives,” adding that bolstering the U.S. economy will support world growth.

Unlike their American counterparts, Japanese officials including Abe have commented publicly on their exchange rate’s level, fanning speculation that they welcome its fall and that the yen’s weakness plays a part in their recovery strategy.

Japanese ruling-party lawmaker Kozo Yamamoto, who is close to Abe, said in a Feb. 14 interview it would be “appropriate” for the yen to trade at about 95-100 to the dollar. Deputy Economy Minister Yasutoshi Nishimura said on Jan. 24 that it wouldn’t be a problem if the yen reached 100.

U.S. Treasury Undersecretary Lael Brainard used a speech in Moscow to criticize “loose talk about currencies.”

The G-20 meeting finished after a week of volatility in financial markets that started when the Group of Seven rich nations said on Feb. 12 that its members won’t use policies to “target exchange rates” and would focus on domestic needs. Confusion then broke out as G-7 officials bickered over whether their first joint comment on currencies since 2011 implied irritation with Japan.

The yen fell yesterday for the first time in four days as early drafts of the G-20 statement failed to echo the G-7’s vow. Part of the pledge was added following all-night talks in the Russian capital as the club of the largest developed and emerging economies also reiterated they will move “more rapidly” toward market-determined exchange rates and “refrain from competitive devaluation.”

The G-20 also said that while the risks to the world economy have receded, its growth remains too weak and unemployment is too high in many countries. That requires more work to create a stronger monetary and economic union in the euro area, resolve uncertainties surrounding the budgets of the U.S. and Japan and boost domestic demand in economies with large trade surpluses.

Advanced nations accepted the U.S.’s position by not setting new fiscal targets to replace those they agreed on in 2010 and which many of them are on course to miss. They pledged instead to develop “credible medium-term fiscal strategies.”

Japanese officials aren’t alone in accepting a cheaper currency as good for growth.

Bank of England policy maker Martin Weale will say in a speech in the U.K. today that although U.K. central bankers don’t “target the exchange rate,” there is reason to tolerate any inflation resulting from the pound’s six-year decline.

Not all G-20 policy makers want a weaker currency. European Central Bank council member Jens Weidmann said in a Feb. 13 interview published yesterday that “the exchange rate of the euro is broadly in line with fundamentals” and “you cannot really say that the euro is seriously overvalued.”

“Politically-motivated devaluations can’t sustainably improve competitiveness; they don’t solve structural problems and they set off reactions,” Weidmann said today. “The clear language in the communiqué underlines this unity and will allow the debate in the future to take place with a less excited tone.”

2legit2qwt: Now watch Heinz stock price skyrocket

The stock spiked after the news even during the premarket trading on Friday. Trust Warren Buffet, anything he touches turn gold.


Frawzey

When you throw a boomerang, it will comeback to you.

Whatever you sow, u reap. The law of Karma is taking its toll in OBj's life.

When he was the President, he moulded PDP to suit his ambition. Tom Ikimi, Audu Ogbeh and those who were the founding members of PDP were relegated.

Now, GEJ is doing the same to him. He should go back to the ostriches and snails at his farm. Its done and dusted.



Frawzey

Nairaland wants to use Goldie's death to generate traffic.

The post is way different from the title.

What a shame!


RIP Goldie.

Frawzey

mukina2: torres will score today

Amen o. T B Joshua.


Frawzey

martog: this is just for educational purpose to help new and intermediate traders. I do hope the intent is not misconstrued. cheers all!

I agree with most of these volatility but I think Euro is much more volatile than CadJpy but yields less profit.
Cadjpy's 1pip is $11.20 for a 1-lot standard account while Euro is $10. I'm still holding a Cadjpy short position since last Monday and it hasn't moved quite well.

Thanks for posting the chart. Sadly my broker doesn't offer GBPAUD.



Frawzey

Read coupla pages here about getting her address. You could confirm her address by tracking her IP through the mails she sent.

OP, if you received those emails via Yahoo, open any of the mails she sent. At the top right, you’ll a drop-down option where Standard Header is selected by default. Standard Header is there, click on it and choose Full Header option. Then carefully look at the "Received from: (her name)" or use Control + F (a window would appear) then type "Received from" and click on Find.

The IP right after "Received from: Omowunmi" is her IP addy. If she sent the mail using Allen as first/surname them u'd have "Received from: Allen (ip address)". Just ensure the ip after her name is what you're on. Copy the IP, goto www.geobytes.com/iplocator.htm , paste it on the ip locator bar and it would display her addy.


If you use Gmail, open the mail she sent to you, at the top right corner, u'd see "Reply" button with a arrow pointing down. Click on the arrow and select the "Show original" option. Then follow the same process as with the Yahoomail.

You could do this for three of her mails to be sure its the same location.



Frawzey

I think Euro eventually paid all the losses of the week. Closing another 1/4 at 13324 for +123 pips. Stops moved to breakeven. Holding on to remaining 1/2. Leaving my PC now but would be tracking y'all on mobile.


Frawzey.

naijababe: DJIA finally broke 13950, na 13750 be destination be dat o, abi how u see am?

E fit no reach 750 today. Na 850 I dey look and make we chill for jobless claims before pulling the trigger. Cos I dey surprise as e climb on tuesday reach 14,016. E won dey use agidi against techy. Make we see wetin data won bring.



Frawzey

naijababe: I could have done this but e be like say this EJ dey winch me! Just looked at NU, all those pips I coulda made is freaking annoying me. Damn EJ

E be like say the market won do Val with our money this week. The -100pip whey I lose for monday no be small thing. That EJ I no sabi as e won go.


Frawzey.

ayox2003: Sold Euro at 1.3447 SL: 1.3495 targeting 1.3200.



Frawzey

Taking off 1/4 here at 1.3382 with +65 pips. Holding on to the remaining.

Morning!

Frawzey

Sold Euro at 1.3447 SL: 1.3495 targeting 1.3200.



Frawzey

ayox2003: Sell stop for Kiwi at 0.8395.

Morning everyone!


Frawzey

Funny how kiwi got to .8396...meaning .8395 is acting as a support.

Will chill till 6pm before cancelling this order.


Frawzey

OAM4J and Afam4eva,

Morning!

You guys should always edit thread topics before posting them on the frontpage. The thread on APC meets to discuss sharing formula is just so misleading. Some NLers just base their conclusions on captions. As mods ensure that the title of such thread reflect what's written in it even if you wanna make it catchy. Thanks


Frawzey

infofirst: This is the beauty of this daily candle,no indicator can tell this but all of conscious traders are reading the message and what it simply means is that,am tired of down and i need to start going up news or no news but remember once in a while the unexpected do happen n so trade ur plan and plan ur trade and trade at ur own risk.

U all gave me d spirit to be up now n my mother under the soil now n so lets take note, we are on the soil now and tomorrow,the soil will be under us all.With Love

The last paragraph of this post. Oh I like!


Frawzey

Sell stop for Kiwi at 0.8395.

Morning everyone!


Frawzey