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Realities of Forex Investment
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alutacontinua
#3421 Posted : Thursday, April 28, 2016 9:44:22 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
Nikkei now down 5.58%....USDJPY down 2.61% (Approaching the 108 handle)

Here are a couple of highlights from Kuroda's speech that i found very interesting:

- Japan's virtuous economic cycle has been maintained, corporate sentiment at favorable level. Economy will grow above potential

- CPI expected to hit 2% in FY2017. Inflation expectations have weakened lately.

- Impact of negative rates will spread to the economy, QQE having effects in financial markets. BOJ will add stimulus if needed.

Also interesting to note that the BOJ vote was 7-2. Seeing as tomorrow is a public holiday in Japan, I expect Yen to continue strengthening question is how high will it go?

You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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  | | Edit by user: Thursday, April 28, 2016 9:45 AM | Reason: Not specified
hisah
#3422 Posted : Thursday, May 05, 2016 11:41:20 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
$SGD setting up for long on the large time scale. Looking for longs on the monthly chart!

$JPY lining up for a breakout on the 4hr chart. Break above 107.40 targets 108.10 then 109. Exceeding 109 opens up 111. Break below support at 106 will mean 105 will be open for a retest then 104. If we get to 100 handle I'll take a long trade to last for weeks.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, May 05, 2016 11:54 AM | Reason: Not specified
alutacontinua
#3423 Posted : Wednesday, June 08, 2016 8:37:20 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
160. Mr. Speaker Kenya has witnessed growing interest in online trading of foreign currency particularly among the youth. There is currently no regulatory framework to guide online forex trading in Kenya, where it is estimated that over 50,000 investors are participating through foreign registered brokers who link through the internet to access the highly liquid currency clearing centers in USA, Europe, Japan and other countries.

Providing a legal framework for the online trading of foreign currency goes hand in hand with making Nairobi an International Financial Hub. In this regard, I am proposing facilitative ammendments to the Capital Markets Authority Act following which I will be gazetting relevant regulations for effective and secure online forex trading by Kenyans.

They have come for us LOL.....
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Othelo
#3424 Posted : Thursday, June 09, 2016 6:22:31 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
alutacontinua wrote:
160. Mr. Speaker Kenya has witnessed growing interest in online trading of foreign currency particularly among the youth. There is currently no regulatory framework to guide online forex trading in Kenya, where it is estimated that over 50,000 investors are participating through foreign registered brokers who link through the internet to access the highly liquid currency clearing centers in USA, Europe, Japan and other countries.

Providing a legal framework for the online trading of foreign currency goes hand in hand with making Nairobi an International Financial Hub. In this regard, I am proposing facilitative ammendments to the Capital Markets Authority Act following which I will be gazetting relevant regulations for effective and secure online forex trading by Kenyans.

They have come for us LOL.....

Our CMA to regulate forex trade, people got jokes smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Ash Ock
#3425 Posted : Thursday, June 09, 2016 9:21:24 AM
Rank: Member

Joined: 8/27/2010
Posts: 495
Location: Nairobi
Othelo wrote:
alutacontinua wrote:
160. Mr. Speaker Kenya has witnessed growing interest in online trading of foreign currency particularly among the youth. There is currently no regulatory framework to guide online forex trading in Kenya, where it is estimated that over 50,000 investors are participating through foreign registered brokers who link through the internet to access the highly liquid currency clearing centers in USA, Europe, Japan and other countries.

Providing a legal framework for the online trading of foreign currency goes hand in hand with making Nairobi an International Financial Hub. In this regard, I am proposing facilitative ammendments to the Capital Markets Authority Act following which I will be gazetting relevant regulations for effective and secure online forex trading by Kenyans.

They have come for us LOL.....

Our CMA to regulate forex trade, people got jokes smile


I suspect the number one priority is how much cash the government will be able to squeeze from the brokers.
Sent from my Black Nokia 3310
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hisah
#3426 Posted : Monday, June 13, 2016 5:46:01 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
alutacontinua wrote:
160. Mr. Speaker Kenya has witnessed growing interest in online trading of foreign currency particularly among the youth. There is currently no regulatory framework to guide online forex trading in Kenya, where it is estimated that over 50,000 investors are participating through foreign registered brokers who link through the internet to access the highly liquid currency clearing centers in USA, Europe, Japan and other countries.

Providing a legal framework for the online trading of foreign currency goes hand in hand with making Nairobi an International Financial Hub. In this regard, I am proposing facilitative ammendments to the Capital Markets Authority Act following which I will be gazetting relevant regulations for effective and secure online forex trading by Kenyans.

They have come for us LOL.....

Mission impossible. Futile effort. Doesn't warrant any discussion since capital can never be shackled.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3427 Posted : Monday, June 13, 2016 5:51:42 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
High spec short volume in GBP futures. Speculators had better get it right that brexit pans out in their favour. Otherwise that short squeeze will see a GBP super spike rally that will likely be similar to that swiss euro peg breakdown! Caution with GBP trades. Margin call central is very likely to hit home and wipe out many spec accounts!

If brexit doesn't take out GBP$ 1.35 support, I expect that spectacular super spike rally!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3428 Posted : Monday, June 20, 2016 10:13:20 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
High spec short volume in GBP futures. Speculators had better get it right that brexit pans out in their favour. Otherwise that short squeeze will see a GBP super spike rally that will likely be similar to that swiss euro peg breakdown! Caution with GBP trades. Margin call central is very likely to hit home and wipe out many spec accounts!

If brexit doesn't take out GBP$ 1.35 support, I expect that spectacular super spike rally!

Caution with GBP shorts.

I've been bearish GBP since 2014 and now I'm looking for sizable longs!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#3429 Posted : Monday, June 20, 2016 4:27:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Nigerian currency slides 31% versus the dollar after the peg was removed.
I US dollar=260 Naira
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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streetwise
#3430 Posted : Monday, June 20, 2016 5:59:46 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
It used to be at 50% value with Ksh. This looks quite ok, if you know what I mean
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