Forex – Internet Wealth Zone http://internetwealthzone.com/ Sat, 27 Nov 2021 11:46:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://internetwealthzone.com/wp-content/uploads/2021/07/icon-2021-07-02T225716.250.png Forex – Internet Wealth Zone http://internetwealthzone.com/ 32 32 10 foreign anime exchange students who love Japan https://internetwealthzone.com/10-foreign-anime-exchange-students-who-love-japan/ Sat, 27 Nov 2021 08:15:00 +0000 https://internetwealthzone.com/10-foreign-anime-exchange-students-who-love-japan/ There are a variety of character tropes that appear in the animated series, but one trope that isn’t seen as much as others is the foreign student trope. This type of character is typically seen in Slice of Life series, but there are a few among other genres of anime. RELATED: 5 Tropes Of Overused […]]]>

There are a variety of character tropes that appear in the animated series, but one trope that isn’t seen as much as others is the foreign student trope. This type of character is typically seen in Slice of Life series, but there are a few among other genres of anime.

RELATED: 5 Tropes Of Overused Anime Characters (& 5 We Can’t Get Enough Of)

The ideas behind these characters weren’t overly played out by the creators, so there are many common traits shared between them, primarily a passion for anime and manga. Most of these characters are loud and eccentric, which can be annoying for some characters who are not used to this in their culture, but it is by no means a perfect representation of cultures. Most of the time, the creator is just having fun, maybe playing with stereotypes, but that doesn’t mean the foreign student is less important.


ten Genshiken: club finds new friend and member in Sue Hopkins

continue watching an anime

Even after high school, students from Genshiken meet at their respective clubs, but that part of their life is in jeopardy when the after-school board threatens to shut down “Meaningless clubs. The few members of the otaku Genshiken club need to find new members and make sure that their club is always so busy so that it is not closed.

Members find more students to join and also plan trips to conventions. During a trip, they meet Sue Hopkins, an American friend of one of the members, who is traveling to Japan to meet them at an anime convention. They all become friends and, later, Sue becomes an official exchange student at their university and joins the club.

9 Maken-Ki! : Takeru is surrounded by women from all over the world

Maken-Ki!

Long story short, Maken-Ki! centers on a young boy trying to fit into an overpowered high school while juggling his perversions and wife issues, what more anime! In this high school, the most powerful students wield weapons called “crafted” and use magical powers to fight in regular duels. The student body is also made up of a variety of nationalities.

RELATED: Best Harem Anime (According to MyAnimeList)

There are Ya-Min from China and Celia from America, but the nationality of all students is not shared. For example, although everyone knows Akaza is not Japanese, his past remains a mystery.

8 Nurse Angel Ririka SOS: Nozomu is a student out of this world

nurse angel ririka sos nozomu

With a threat from space endangering life on planet Earth, it’s up to an elementary school student and an emissary from another planet to stop the villain’s plot. That emissary is Nozomu, who is tasked with training 10-year-old Ririka in magic, but most of all he needs a clever cover story because he can’t just say he’s from space.

Nozomu tells people that he is a foreign exchange student from England as a cover story, but eventually Ririka’s childhood friend, Seiya, learns the truth and is roped up.

7 Kiniro Mosaic: Friendship can overcome any language barrier

shinobu and alice and their kiniro mosaic friends

As a little girl, Shinobu spent a lot of time in England and, although she did not know the language, she befriended Alice, the daughter of the family she lived with. As she enters high school years later, Shinobu receives a letter in English, which she still does not understand, from Alice explaining that she will go to Shinobu High School with her and live with her in Japan.

The two childhood friends form their own circle of friendship with three other girls, and they each learn about each other’s culture and traditions as they go through high school life together.

6 Hungry Heart -Wild Striker: Football helped Kouji make friends no matter where he lived

kouji of the hungry heart savage attacker

As in most sports anime, athletes love their sport because it has given them friends that they otherwise would never have had. For Kouji, it made all the difference for him in Hungry Heart: Wild Striker. His Japanese father travels a lot for his job which was good when his mother was alive and living with her in Sweden, but after his mother passed away Kouji had to travel with his father which made it difficult to make and keep friends. . Playing soccer is what helped Kouji make friends quickly, and since the sport is played around the world, it suited this teenager’s nomadic life perfectly.

5 Tonari No Kashiwagi-san: Christina left home for love and for the anime

christina muller from tonari no kashiwagi-san

In the romantic adventures of Tonari No Kashiwagi-san, Yuto’s friend Koutaro is revealed to have a German girlfriend. Their love is so strong that they can’t bear to be separated anymore, so Christina, Koutaro’s girlfriend, decides to live in Japan as an exchange student so that she can be with him, but she also has his own personal reason for leaving. Christina is a total otaku and she’s not afraid to proudly admit it. Living in the country that created her favorite form of entertainment is another plus for her.

4 Hungry Heart – Wild Striker: football means a lot to Rodrigo

hungry heart savage attacker rodrigo

The main football team of Hungry Heart: Wild Striker is introduced to Rafael Rodrigo del Canto, their second foreign athlete who came from Brazil to play and they quickly learn that for him, playing football is more than living a dream, it is supporting his family at home.

RELATED: 10 Anime Characters Who Always Put Their Family First

Back in Brazil, Rodrigo didn’t have a lot of opportunities, which is why he got a scholarship at Jojyou High. Rather than working with the team, he hopes that by winning goals on his own and being the MVP, he can achieve his goal of becoming a professional much sooner.

3 Assassination Classroom: Asano gets an advantage with the help of his friends around the world

assaniation class asano

With Bo-taoshi’s upcoming match against the boys in Class 3-E, Asano decided to bring some more muscle, literally, with the addition of four beefy exchange students from around the world to help his class. . Asano’s goal was to build the confidence of his classmates who still felt defeated by their loss to Class 3-E in the final of the first semester of Assassination class.

To Asano’s dismay, the brute strength of his foreign friends was beaten by the clever strategy of the 3-E class. Worse yet, Asano was berated by his father who witnessed the defeat. Asano’s close friend from America, Kevin, came to his defense but was ultimately severely beaten. He probably won’t be returning to Japan anytime soon.

2 My Hero Academia: Pony Tsunotori is shy in his personality but wild as a hero

Pony in his school uniform

One of the many impressive heroes in formation of My hero universityAt first, Pony appears to be a cute and shy girl, but when it comes to fighting as a hero, she can be difficult to deal with. Its quirk is simple but very effective. Pony can throw her horns at the enemy and control their movements however she wants, and most impressive is that they have a powerful punch.

Since she is not from Japan and is not completely familiar with the language, Pony sometimes says cruel things unintentionally, but this is mainly because her classmate Neito is forcing her to say these things.

1 Lucky Star: Patricia is thrilled to be living her Otaku / Weeb dream as a Japanese citizen

patricia martin from Lucky Star

At the age of 15, Patricia was already living alone in Japan, a foreign country where she made friends at Ryouou high school. During his stay in Good star, her friends learn that she was brought to live in Japan as a foreign student due to her passion for anime and manga. She even learned the language by watching anime and reading manga.

With her bubbly personality, it’s hard not to be attracted to Patricia, but her native Japanese friends sometimes find it difficult to communicate with her because of her accent and because her pseudo-Japanese lessons were decidedly not enough. .

NEXT: 10 Anime Supporting Characters Who Should Have Been The Protagonist Instead

the meanest dads in anime


Next
10 anime villains who turned out to be the hero’s father



Source link

]]>
Who is a Forex Liquidity Provider? – CryptoMode https://internetwealthzone.com/who-is-a-forex-liquidity-provider-cryptomode/ Thu, 25 Nov 2021 19:22:53 +0000 https://internetwealthzone.com/who-is-a-forex-liquidity-provider-cryptomode/ The forex market is the most liquid trading platform in the world because the community views money as a liquid asset. Daily forex trading volume is around $ 7 billion, allowing brokers to buy and sell assets immediately. On the other hand, liquidity providers are critical to the success of market participants. What are their […]]]>

The forex market is the most liquid trading platform in the world because the community views money as a liquid asset. Daily forex trading volume is around $ 7 billion, allowing brokers to buy and sell assets immediately. On the other hand, liquidity providers are critical to the success of market participants. What are their functions and operating concepts?

Who are the liquidity providers? A dive into their responsibilities

Let’s first define what a Forex Liquidity Provider is from a broker’s perspective. The market is very competitive due to the presence of more than 3000 brokerage firms. Brokers should provide traders with the best possible circumstances, including prompt execution of orders.

When a broker is not working with liquidity providers, the order book is limited to bid and ask transactions entered by registered traders. Sometimes the book may be unable to execute traders’ orders. For example, a trader wants to buy 50 units of the GBP / CHF pair with quotes at 1.27153. During this time, the order book includes a purchase order for 25 units in accordance with the indicated prices. By 1.27155, 15 additional units will be available, while 1.27159 will provide ten additional units. As a result, traders were forced to buy a currency at a price higher than its market value.

While such a scenario is unlikely when it comes to discussing the most liquid trading pairs, traders are using the full potential of the market.

If you consider liquidity providers, these companies link brokers to the world’s largest banks, hedge funds and other institutional investors. Ultimately, a broker’s order book accumulates many bid and ask prices for various trading pairs. Traders are able to execute their orders quickly through the use of necessary quotes.

The difference between market makers and liquidity providers

The term Market makers is sometimes used to designate Forex Liquidity Providers.

Market makers can include both large corporations and small individual brokerage firms. The broker acts as a market maker when not using the services of a liquidity provider. The broker connects traders who submit buy and sell orders in a single transaction. The term “B-book broker” refers to this type of broker in the Forex market.

The idea of ​​the “A-book” sees liquidity providers as intermediaries between brokers and essential players such as banks and hedge funds. In this model, these institutions operate as market makers and brokers in turn act as market makers.

This means that a market maker is in charge of an order book full of buy and buy transactions and acts as a Forex feed provider, while liquidity providers are companies that connect brokers with market makers.

The A-book model is less profitable than the B-book model, but market participants view it more favorably. A liquidity providerProfits can skyrocket if brokers strategically recruit active traders and develop innovative trading tools.

Liquidity providers and market makers perform the same tasks. Thus forex brokers must consider the operational and regulatory elements of each when selecting a model.

In general, market players can be divided into two categories: Level 1 or Institutional Market Makers (which include larger banks and institutions) and Small Individual Players which cater to newbie brokers and private traders.

Why is liquidity essential for brokers?

Forex experts consider the following characteristics of high liquidity to be essential advantages:

  1. The spread is close to zero. When liquidity is scarce, the spread between bid and ask prices widens, which is why traders suffer losses.
  2. Price fluctuation. This happens when a broker cannot execute an order at market price and traders want their orders to be executed up or down.
  3. Gaps. Due to the negative impact of low liquidity, a spread of one or more pips exists between a row of quotes.

A reputation liquidity provider broker eliminates these obstacles, but how can novices choose the best option? B2Broker is an innovative and proven company that will help you grow your brokerage business. Select the most competitive market liquidity provider which provides no spread, 1% margin requirements and access to level 1 market makers.

Looking to advertise? We will be happy to help you publicize your project, business or service. CryptoMode produces high quality content for cryptocurrency companies. To date, we have provided branded exposure to dozens of companies, and you can be one of them. All of our customers appreciate our value for money. Contact us if you have any questions: [email protected]


Source link

]]>
Forex AUD / USD Technical Analysis – On Track for End-September Bottom Test at .7170 https://internetwealthzone.com/forex-aud-usd-technical-analysis-on-track-for-end-september-bottom-test-at-7170/ Wed, 24 Nov 2021 02:37:06 +0000 https://internetwealthzone.com/forex-aud-usd-technical-analysis-on-track-for-end-september-bottom-test-at-7170/ The Australian dollar is trading flat on Wednesday morning after coming under pressure in the previous session by rising US Treasury yields, which increased the appeal of the US dollar. The catalyst continued to raise bets on a faster Federal Reserve amortization rate and an earlier-than-expected rate hike. This week’s selling pressure is also fueled […]]]>

The Australian dollar is trading flat on Wednesday morning after coming under pressure in the previous session by rising US Treasury yields, which increased the appeal of the US dollar. The catalyst continued to raise bets on a faster Federal Reserve amortization rate and an earlier-than-expected rate hike.

This week’s selling pressure is also fueled by the appointment of Fed Chairman Jerome Powell for a second term, which is seen by market participants as a hawk at this point in the interest rate cycle.

At 01:19 GMT, the AUD / USD is trading at 0.7223, down 0.0004 or -0.05%.

Daily AUD / USD

Technical analysis of the daily swing chart

The main trend is downward according to the daily swing chart. A trade through .7207 will signal a resumption of the downtrend. A move through .7431 will change the main trend upward.

The minor trend is also downward. A trade through .7371 will change the main trend upward. This will shift the momentum upward.

The minor range is 0.7371 to 0.7207. Its 50% level at 0.7289 is the closest resistance.

The main resistance is the retracement area of ​​0.7318 to 0.7363. It controls the short-term direction of the AUD / USD.

Technical forecasts of the daily swing chart

AUD / USD direction on Wednesday will likely be determined by traders’ reaction to .7227.

Bearish scenario

A sustained move below .7227 will indicate the presence of sellers. This could trigger a rapid breakout in .7207. This price is a potential trigger point for a downward acceleration with the September 29 low at 0.7170 the next likely target.

Bullish scenario

A sustained move above .7227 will signal the presence of buyers. Removing .7236 will indicate that the purchase is getting stronger. If this move creates enough bullish momentum, then wait for the rally to eventually expand to the minor pivot at 0.7289.

Notes to the appendix

Thursday is a statutory holiday in the US and Friday will likely be treated as such, so we could see a big drop in volume this weekend. Today’s early price action suggests that volume may already be falling, so be careful when buying strength and selling weakness.


Source link

]]>
Quiet start to a shortened trading week https://internetwealthzone.com/quiet-start-to-a-shortened-trading-week/ Mon, 22 Nov 2021 11:23:52 +0000 https://internetwealthzone.com/quiet-start-to-a-shortened-trading-week/ Remarks / Observations The start of quiet trading shortens Thanksgiving week. Awaiting Biden’s announcement of Fed chairmanship. The policy differences between the Fed and the ECB and the BOJ remain at the center of concerns. Asia Self-discipline mechanism of the Chinese foreign exchange market [PBOC led group] said commenting on domestic banks own account trading, […]]]>

Remarks / Observations

  • The start of quiet trading shortens Thanksgiving week.
  • Awaiting Biden’s announcement of Fed chairmanship.
  • The policy differences between the Fed and the ECB and the BOJ remain at the center of concerns.

Asia

  • Self-discipline mechanism of the Chinese foreign exchange market [PBOC led group] said commenting on domestic banks own account trading, said asking banks to cap the size of foreign exchange related own account trading accounts.
  • China’s PBoC monthly lending rate-fixing transaction left 1-year and 5-year rates unchanged for the 19th consecutive month of stable rates.

Coronavirus

  • German government officials have said they are debating the need to make vaccinations mandatory. Several members of Chancellor Merkel’s conservative bloc said federal and state governments should introduce them soon
  • The Netherlands saw a second night of riots as people took to the streets to protest the new lockdown rules.

Europe

  • EU plans to increase restrictions on banks’ use of cross-border authorizations [method used by non Euro Zone banks to sell certain activities in the EU].
  • Brexit in UK Min Frost confirmed that talks with the EU’s Sefcovic will continue until the week of November 22; The discussions were intense and constructive. So far, the solutions provided by the EU do not solve the problems. We need more ambition and more urgency if we are to support the peace process and protect the Good Friday Agreement.
  • France President Macron: The negotiations on fishing and Brexit are advancing too slowly and without enough firmness.
  • BOE Governor Bailey reiterated his position that if the economy evolves as the forecasts and reports suggest, we will have to raise rates. It is not the bank’s job to solve the supply chain issues that are hampering economies around the world, resulting in rising inflation.

Americas

  • US President Biden said he was ready to make an announcement about the Fed’s chairmanship ahead of his departure for his vacation trip on Tuesday evening. November 23.

Energy

  • Oil prices are falling as reports of the coordinated release of reserves rise (Japan has said it is preparing to sell oil reserves as the current level of supply is deemed excessive).

Speakers / Fixed income / FX / Commodities / Erratum

Actions

  • Indices [Stoxx600 +0.19% at 487.02, FTSE +0.26% at 7,242.11, DAX +0.03% at 16,165.25, CAC-40 +0.21% at 7,127.12, IBEX-35 +0.58% at 8,803.95, FTSE MIB -0.11% at 27,307.00 , SMI +0.06% at 12,552.10, S&P 500 Futures +0.34%].

Market focal points / Key themes:

Actions

  • European indices opened slightly higher Monday morning; the sector among those outperforming the others is the telecommunications sector on the potential acquisition of Telecom Italia by KKR, which is trading at more than 20%; while declining sectors include real estate and materials; UK retailer Marks and Spencer is trading up 3% in London following speculation over the weekend over Apollo acquisition interest; Ericsson announces the acquisition of US-based Vonage Holdings in a $ 6.2 billion deal and is trading down 4%; Frontier Developments stock trading fell sharply following the trade update and weaker outlook; the benefits of the next session in the US include Twist Biosciences and Spire.
  • Consumer discretionary: Marks & Spencer [MKS.UK] + 3% (Apollo interest).
  • Finances: Julius Baer [BAER.CH] -3% (trading update).
  • Materials: Mines Hochschild [HOC.UK] -48% (response to events in Peru).
  • Real estate: Vonovia [VNA.DE] -1% (capital increase).
  • Technology: – Border developments [FDEV.UK] -31% (trading update; outlook lowered).
  • Telecom: Telecom Italia [TIT.IT] + 22%, Vivendi [VIV.FR] + 3% (KKR offer for Telecom Italia), Ericsson [ERICB.SE] -4% (acquires Vonage Holdings).

Loudspeakers

  • The ECB noted that the banking sector was not close to meeting expectations on climate risk.
  • Germany’s new government has said it includes FDP leader Lindner as finance minister and Habeck as economy minister.
  • The new ruling parties in Romania have agreed on the prime minister.

Currency / Fixed Income

  • The USD maintained its firm tone on the perception of a divergence in central bank policies.
  • EUR / USD below the 1.1280 area as the pair softened over concerns about the economic impact of renewed restrictions in Europe to contain rising coronavirus cases.
  • China has announced that it wants to limit speculation by financial institutions on the yuan. Dealers note that Chinese policymakers appeared to be increasingly uncomfortable with the recent rally in the CNY (Yuan) currency.

Economic data

  • (NL) Netherlands Nov Consumer confidence: -19 vs. -10 before.
  • (DK) Denmark Nov. Consumer confidence indicator: -2.0 against +3.3 previously.
  • (TR) Turkey Nov. Consumer confidence: 71.1 vs. 76.8 previously.
  • (MY) Malaysia’s foreign reserves as of mid-November: $ 116.5 billion versus $ 116.1 billion previously.
  • (CH) Swiss M3 money supply in Oct. Y / Y: 2.5% vs. 3.3% previously.
  • (TR) Turkey Oct. Arrivals of foreign tourists Y / Y: 99.3% against 59.5% previously.
  • (TW) Taiwan Oct Export Orders Y / Y: 14.6% vs. 22.9% e (20th consecutive month of growth).
  • (TW) Unemployment rate in Taiwan in October: 3.8% vs. 3.8% e.
  • (HK) Hong Kong Oct CPI Composite Y / Y: 1.7% vs. 1.8% e.
  • (ES) Spain’s trade balance in September: -2.4B € against -3.9B € previously.
  • (CH) Total Swiss weekly sight deposits (CHF): 719.3B against 719.2B previously; National sight deposits: 646.7 billion against 644.1 billion previously.
  • (PL) Poland Oct. Sold Industrial production M / M: + 2.3% v -0.5% e; Y / Y: 7.8% vs. 5.3% e.
  • (PL) Poland Oct Construction Production Y / Y:% v 3.4% e.
  • (PL) Poland Oct PPI M / M: 1.8% vs. 1.3% e; Y / Y: 11.8% vs. 11.0% e.
  • (BE) Belgium Nov Consumer confidence index: 1 against 4 before.

Issue of fixed income securities

Look ahead

  • (AR) Argentina October Budget Balance (ARS): No earlier version than 291.4B.
  • (MX) Citibanamex survey of economists.
  • (CO) Colombia Oct Industrial Trust: No est v 20.4 before; Confidence in the retail trade: no is v 40.3 a priori.
  • 5:25 am (EU) ECB daily liquidity statistics.
  • 5:30 a.m. ((DE) Germany to sell 3.0 billion euros in 12-month BuBills; Average yield:% v -0.7424% before; Bid-to-cover: xv 2.70x before (November 15, 2021 ).
  • 06:00 (IE) Ireland Oct PPI M / M: No est v 0.0% before; Y / Y: No is v -1.9% before.
  • 06:00 (IL) Israel Sep Manufacturing production M / M: No is v -2.4% before.
  • 06:00 (IL) Israel Oct Unemployment rate: No is v 5.2% before; Unemployment rate (including the Covid effect): none is against 7.9% before.
  • 06:00 (DE) The Belgian Debt Agency (BDA) will sell 2.4 to 3.2 billion euros of OLO 2031, 2040 and 2071 bonds.
  • 06:00 (RO) Romania sells 2027 and 2036 bonds.
  • 06:00 (IL) Israel will sell 2024, 2026, 2032, 2051 bonds (5 tranches).
  • 06:25 (BR) Weekly survey of economists at the Central Bank of Brazil.
  • 6:30 a.m. (EU) The European Commission sells bonds.
  • 6:45 am (US) Correction of the daily Libor.
  • 07:00 (IN) India announces details of upcoming bond sale (held on Friday).
  • 07:00 (TR) Turkey will sell fixed rate bonds.
  • 08:00 (UK) Daily Baltic Dry Bulk Index.
  • 8:30 am (United States) Oct. Chicago Fed National Activity Index: + 0.10ev -0.13 before.
  • 9 a.m. (FR) The French Debt Agency (AFT) will sell € 4.4 to 5.6 billion in 3-month, 6-month and 12-month bonds.
  • 9:00 a.m. (IL) Central Bank of Israel (BOI) decision on interest rate: should leave base rate unchanged at 0.10%.
  • 09:00 (AT) Holzmann (Austria) of the ECB with members, Kazaks (Latvia), Kazimir (Slovakia), Czech central bank Gov Rusnok in Vienna.
  • 9.45am (UK) BOE buys £ 1.47bn in a deal to buy Gilt APF (3-7 years).
  • 10:00 am (United States) Oct. Existing home sales: 6.18MB vs. 6.29M before.
  • 10:00 am (EU) Euro Zone Nov Advance Consumer Confidence: -5.3ev -4.8 before.
  • 12:30 p.m. (ES) De Guindos of the ECB (Spain).
  • 16:00 (KR) South Korea Nov Consumer confidence: no est v 106.8 before.
  • 4:45 p.m. (NZ) Q3 retail sales in New Zealand T / T: -10.5% ev + 3.3% before.
  • 17:00 (AU) Australia Nov Preliminary PMI Manufacturing: No est v 58.2 earlier; PMI Services: No earlier version than 51.8; Composite PMI: No earlier version than 52.1.
  • 5:30 PM (AU) Australia ANZ Roy Morgan Weekly Consumer Confidence Index: Not v 106.0 before.
  • 18:01 (NL) Netherlands Oct. Real Estate Price Index M / M: Not estimated vs. 1.6% before; Y / Y: No is v 18.5% before.
  • 8:05 PM (AU) Kohler from RBA in a virtual conference.
  • 9:30 p.m. (KR) South Korea will sell KRW400B in 20-year bonds.
  • 10 p.m. (TH) The Central Bank of Thailand will sell THB 50 billion in 3-month notes.
  • 10:30 p.m. (HK) Hong Kong to sell 3-month, 6-month and 12-month coupons.
  • 10:30 p.m. (TH) Thailand Oct. Customs trade balance: 0.1 Be against 0.6 billion dollars previously; Y / Y exports: 16.5% ev 17.1% before; Y / Y imports: 29.6% ev 30.3% a priori.


Source link

]]>
Kenya’s foreign exchange reserves decline as shilling hits new low https://internetwealthzone.com/kenyas-foreign-exchange-reserves-decline-as-shilling-hits-new-low/ Sat, 20 Nov 2021 17:44:25 +0000 https://internetwealthzone.com/kenyas-foreign-exchange-reserves-decline-as-shilling-hits-new-low/ FILE PIC: Central Bank of Kenya. / Xinhua FILE PIC: Central Bank of Kenya. / Xinhua Kenya’s foreign exchange reserves fell by $ 222 million (25 billion shillings) this week as the central bank released dollars into the market to bolster the local currency, according to a financial markets report released on Friday evening. The […]]]>

FILE PIC: Central Bank of Kenya. / Xinhua

FILE PIC: Central Bank of Kenya. / Xinhua

Kenya’s foreign exchange reserves fell by $ 222 million (25 billion shillings) this week as the central bank released dollars into the market to bolster the local currency, according to a financial markets report released on Friday evening.

The Central Bank of Kenya (CBK) in the weekly update said reserves increased from $ 9.09 billion, the equivalent of 5.56 months of import coverage, to $ 8.87 billion , or 5.42 months of import coverage.

During the period, the shilling hit an all-time low against the dollar, trading at 112.1 against 111.1 in the week ending November 12.

The local currency has been under pressure since the start of the month as dollar inflows from key exports like tea and horticulture fall amid strong demand for foreign exchange for oil, machinery and goods exports equipment.

A low shilling normally leads to expensive imports, as more units of the local currency are needed in the trading process.

The shilling has also fallen against other major world currencies, including the pound sterling and the euro.

Despite declining dollar reserves, however, apex bank said the $ 8.87 billion was enough.

“This meets the CBK’s legal requirement to strive to maintain at least four months of import coverage, and the East Africa region’s convergence criteria of 4.5 months of import coverage. imports, “apex bank said.

Source (s): Xinhua News Agency


Source link

]]>
NZD / USD Forex Technical Analysis – Reaction at .7040 https://internetwealthzone.com/nzd-usd-forex-technical-analysis-reaction-at-7040/ Fri, 19 Nov 2021 07:18:56 +0000 https://internetwealthzone.com/nzd-usd-forex-technical-analysis-reaction-at-7040/ The New Zealand dollar is trending lower early on Friday, after finishing strong the previous session. The currency is supported by a central bank survey (RBNZ) which showed short-term inflation is expected to rise. However, the gains are likely limited by uncertainty about Fed policy and ahead of the RBNZ’s interest rate decision next week. […]]]>

The New Zealand dollar is trending lower early on Friday, after finishing strong the previous session. The currency is supported by a central bank survey (RBNZ) which showed short-term inflation is expected to rise.

However, the gains are likely limited by uncertainty about Fed policy and ahead of the RBNZ’s interest rate decision next week. Traders expect the New Zealand central bank to increase its official exchange rate (OCR) by 25 basis points.

At 06:49 GMT, the NZD / USD is trading at 0.7041, down 0.0004 or -0.06%.

In national economic news, credit card spending has rebounded since the easing of lockdown restrictions in Auckland. But the numbers are still below pre-Delta levels, Kiwibank reports.

NZD / USD daily

Technical analysis of the daily swing chart

The main trend is upward on the daily swing chart, however, the momentum is downward. A trade through .6860 will change the main downtrend. A move to .7219 will signal a resumption of the uptrend.

The minor trend is downward. It’s controlling momentum. A trade through .6980 reaffirms the downtrend. A move through .7081 will change the minor trend upward.

The primary range is 0.6860 to 0.7219. The NZD / USD is currently testing its retracement area between 0.7040 and 0.6997, making it a support. This area controls the short term direction of the Forex pair.

The first minor range is 0.7177 to 0.6980. Its pivot at 0.7079 is the first bullish target.

The second minor range is 0.7219 to 0.6980. Its 50% level at 0.7100 is the second bullish target.

Technical forecasts of the daily swing chart

The direction of NZD / USD early on Friday will likely be determined by the reaction of traders at .7040.

Bullish scenario

A sustained move above .7040 will indicate the presence of buyers. If this move creates enough bullish momentum, look for a push towards the first pivot at 0.7079, followed by the minor high at 0.7081 and the second pivot at 0.7100.

Bearish scenario

A sustained move below .7039 will signal the presence of sellers. This could trigger a break out of the Fibonacci level at 0.6997, followed by a minor low at 0.6980.

The minor low at 0.6980 is a potential trigger point for an acceleration to the downside with the next major targets at 0.6860 and 0.6806.


Source link

]]>
ZIMRA comes for companies that lie about forex income https://internetwealthzone.com/zimra-comes-for-companies-that-lie-about-forex-income/ Wed, 17 Nov 2021 15:57:16 +0000 https://internetwealthzone.com/zimra-comes-for-companies-that-lie-about-forex-income/ Zimbabwe Revenue Authority (ZIMRA) said it has set a deadline of December 31, 2021 for all companies to voluntarily declare their inflows of foreign currency. After this date, the authority says that there will be severe penalties for the fugitives. ZIMRA statement on forex statements is as follows Falsification of Forex statements The Zimbabwe Revenue […]]]>

Zimbabwe Revenue Authority (ZIMRA) said it has set a deadline of December 31, 2021 for all companies to voluntarily declare their inflows of foreign currency. After this date, the authority says that there will be severe penalties for the fugitives.

ZIMRA statement on forex statements is as follows

Falsification of Forex statements

The Zimbabwe Revenue Authority (ZIMRA) has noted with concern that there are traders who tamper with their financial records. ZIMRA therefore urges all companies to come forward and voluntarily disclose any underpayment or non-payment of tax by December 31, 2021 in order to avoid rigorous audits, prosecutions and sanctions which will be instituted shortly. time after the deadline. Taxpayers are encouraged to take advantage of this window by making voluntary withdrawals and payments afterwards.

Ongoing audits have revealed that:

a) Some businesses sell goods and services in foreign currencies but do not report any of their transactions in foreign currencies for tax purposes, as required by law.

b) Some companies transact in foreign currencies but convert these transactions into Zimbabwean dollars for tax purposes.

c) Some businesses transact in foreign currencies but report only a very small portion of their sales in foreign currencies when paying their taxes.

d) Some companies sell directly in foreign currency without receiving the received foreign currency and do not include these sales when paying tax.

e) Some businesses receive foreign exchange transactions manually when in fact businesses have the capability of the computer assisted system to receive in trade currency. The proceeds from these manual receipts are not reported for tax purposes.

f) Some companies that make sales in foreign currency using back-offices with stand-alone computers and the receipts that are received are not reported for tax purposes.

g) Some companies have outlets specifically designated for foreign exchange transactions which are hidden and sales recorded from these machines are not reported to ZIMRA.

For any clarification regarding the payment of the tax in foreign currency, please contact your new ZIMRA offices. Taxpayers are required to use this window period to come forward and make voluntary disclosures to avoid unnecessary penalties and possible prosecution if they are found on the wrong side of the law.

ZIMRA on Twitter

You should also read


Fast NetOne, Econet and Telecel airtime recharge



Source link

]]>
Shoemaker loses Rs 3.5 lakh in Forex scam, 3 inmates https://internetwealthzone.com/shoemaker-loses-rs-3-5-lakh-in-forex-scam-3-inmates/ Mon, 15 Nov 2021 20:42:38 +0000 https://internetwealthzone.com/shoemaker-loses-rs-3-5-lakh-in-forex-scam-3-inmates/ Samta Nagar police arrested three people for allegedly duping a shoemaker for Rs 3.5 lakh under the pretext of exchanging US dollars for Indian currency. Two other people, including a woman, are wanted in this case. The defendants were convicted under the relevant articles of the Indian Penal Code for cheating. The complainant, identified as […]]]>

Samta Nagar police arrested three people for allegedly duping a shoemaker for Rs 3.5 lakh under the pretext of exchanging US dollars for Indian currency. Two other people, including a woman, are wanted in this case. The defendants were convicted under the relevant articles of the Indian Penal Code for cheating.

The complainant, identified as Mohammad Raju, runs a shoe store based in Virar. Police said he was approached by one of his clients, who wanted to exchange foreign currency. He said his wife had returned from the United States where she worked and wanted to exchange dollars for Indian currencies.

A senior police official said that as a sample, the accused first offered Raju a $ 20 bill, which he verified and found to be genuine. After exchanging the currency and building trust, the accused offered to exchange $ 16,000.

Subsequently, a meeting was set in Kandivali East, during which Raju brought a sum of Rs 3.5 lakh which he gave to the accused, in exchange for the bag with allegedly $ 16,000. Later, when he checked the bag, he found that instead of the US currency, there were only wads of plain paper. He immediately approached the Samta Nagar police and lodged a complaint.

Following this denunciation, a case of cheating was recorded. During the investigation, it was revealed that three of the five defendants were wanted in this case, and subsequently arrested a resident of West Bengal, Aftaab Akhil Shahaji, Virendra Rajbhar of Lucknow and Nepalese national Alam Abdul Khan.

(To receive our E-paper on WhatsApp daily, please Click here. We allow sharing of the article’s PDF on WhatsApp and other social media platforms.)

Posted on: Tuesday November 16, 2021 02:12 AM IST


Source link

]]>
AUDUSD decline hangs on Ichimoku cloud https://internetwealthzone.com/audusd-decline-hangs-on-ichimoku-cloud/ https://internetwealthzone.com/audusd-decline-hangs-on-ichimoku-cloud/#respond Thu, 11 Nov 2021 10:00:24 +0000 https://internetwealthzone.com/audusd-decline-hangs-on-ichimoku-cloud/ AUDUSD sellers managed to take control of the pair two days ago and successfully push the price below the 50 and 100 day Simple Moving Average (SMA). The bears are currently trying to extend this recent price drop below the Ichimoku cloud, around the 0.7283 level. The 200-day SMA aimed slightly lower, showing the downward […]]]>

AUDUSD sellers managed to take control of the pair two days ago and successfully push the price below the 50 and 100 day Simple Moving Average (SMA). The bears are currently trying to extend this recent price drop below the Ichimoku cloud, around the 0.7283 level. The 200-day SMA aimed slightly lower, showing the downward price preference, while the negative roll of the 100-day SMA and the deviation of it by the 50-day SMA together suggests that the bullish push is n is not large enough to overwhelm the negative trend.

Short-term oscillators are biased downward. The MACD has moved away below its red trigger line and has just broken below the zero level, as the RSI falls into bearish territory. The strong negative charge exhibited in the Stochastic Oscillator favors further negative price action.

If the sellers manage to stay in control and push the price down below the Ichimoku cloud at 0.7283, then bearish limits could appear from the barrier of 0.7225 and the low near 0.7169. If the decline takes on further downward momentum, the 9½ month low of August 20 may become evident. If bearish forces continue to dominate, the next support could develop in the 0.6963 to 0.7020 region.

However, if the cloud removes negative powers and buyers find positive traction, the merged 50 and 100 day SMAs at 0.7370 may be the first frontier for buyers to overcome. Pushing higher, Ichimoku’s converging lines could delay testing higher highs near 0.7431 and 0.7470. Overcoming these hurdles, the buyers could then propel the price to challenge the resistance cap of 0.7531-0.7555, reinforced by the 200-day SMA. Successfully reviving the bullish momentum would then draw traders’ attention to the resistance barricade at 0.7589-0.7645.

In summary, the AUDUSD is showing a strong bearish tone below the SMAs and the 0.7431 high. A decline below 0.6963-0.7020 support would be needed to definitely strengthen negative trends. Still, a jump above the 0.7589-0.7645 limit is essential to strengthen the bullish bias.


Source link

]]>
https://internetwealthzone.com/audusd-decline-hangs-on-ichimoku-cloud/feed/ 0
The dollar still holds in negative territory after the US PPI https://internetwealthzone.com/the-dollar-still-holds-in-negative-territory-after-the-us-ppi/ https://internetwealthzone.com/the-dollar-still-holds-in-negative-territory-after-the-us-ppi/#respond Tue, 09 Nov 2021 14:57:07 +0000 https://internetwealthzone.com/the-dollar-still-holds-in-negative-territory-after-the-us-ppi/ Calm day with US base PPI Overall, this week’s data has been strong but not that big. Instead, the market focused on central banks, with the US Federal Reserve and Bank of England meeting last week. The FOMC voted for an immediate cut in November, with a reduction of $ 15 billion per month in […]]]>

Calm day with US base PPI

Overall, this week’s data has been strong but not that big. Instead, the market focused on central banks, with the US Federal Reserve and Bank of England meeting last week. The FOMC voted for an immediate cut in November, with a reduction of $ 15 billion per month in purchases, implying that asset purchases would end completely by June 2022.

Markets continue to factor in a Fed take-off that is happening sooner than the Fed wants. While many Federal Reserve officials have gone to great lengths to point out that tapering does not imply an immediate rate hike, Bullard is certainly not one of them.

The dollar index fell for the third day in a row around 93.82 as the dollar / yen continued to post ask interest below the round figure of 113.00 after the release of the US PPI. For October, basic producer prices for final demand climbed 0.4%, after accelerating 0.2% in September but below market forecast of 0.5%. In annual terms, the producer price index remained the same as before at 8.6%.

The euro continues to struggle to recover the $ 1.16 region. The pound has taken a hit after the BoE, but has found ground in recent sessions, with the cable falling from a low of $ 1.3410 on Friday. While this was in part due to a weaker dollar, the pound itself also found a more stable base as the euro / pound failed to break above the 200-day Simple Moving Average (SMA).

Actions

The S&P 500 and Dow Jones futures are down slightly after hitting record highs in previous days as investors wait for new US inflation data for clues on the direction of interest rates. European stocks were trading near all-time highs, supported by strong corporate earnings reports which boosted investor confidence.

Commodities and currencies commodities

In other markets, WTI crude oil futures continue to hold above $ 82.00 / bbl and gold is hovering above $ 1,825 / ounce today. The Aussie and Kiwi are slightly weaker against the greenback, while the Dollar / Loonie flattens around 1.2440, finding strong resistance at the 200-day SMA.


Source link

]]>
https://internetwealthzone.com/the-dollar-still-holds-in-negative-territory-after-the-us-ppi/feed/ 0