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About BillyR

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  1. BillyR

    Great analysis, the currency of New Zealand, is still attractive, the exchange nz to aus generates good expectations and we believe that the NZD will have a very good end of the year.
  2. BillyR

    The euro is having an interesting activity, not only in this pair, but also with other currencies, for example now euro to dkk at 7.4486
  3. BillyR

    The Canadian lonie has had interesting moves this week. If we do not see that for every 30 CAD to usd we would get a little profit, if we use leverage, which is offered by the forex brokers
  4. BillyR

    I think a simple way to earn profits in forex is by investing in less volatile currency pairs such as norway kroner usd and other currencies of emerging countries
  5. BillyR

    After an initial uptick to 0.9990 level, the chf to usd pair met with some fresh supply and has now dropped to near 3-week lows. The US Dollar extended its retracement slide from a five-month high set yesterday and was seen as one of the key factors behind the pair's intraday slide of over 40-pips from session tops. Currently trading around mid-0.9900s, the pair seemed unaffected by a goodish pickup in the European equity markets, which tends to dent the Swiss Franc's safe-haven appeal. Even a modest uptick in the US Treasury bond yields, albeit lacked any strong conviction, did little to influence the price-action, with the USD price-dynamics acting as an exclusive driver of the pair's momentum through the mid-European session.
  6. On a daily chart, sg dollar to us dollar appears to be struggling to make further progress to the upside after breaking above a descending resistance line just about one month ago. The pair appears to have formed resistance around 1.3469 and has now tested it twice. Simultaneously, the presence of negative RSI divergence warns that prices may soon turn lower as upside momentum ebbs. From here, near-term support seems to be the 50% midpoint of the Fibonacci retracement at 1.3361. A push below that exposes the 38.2% level at 1.3278. On the other hand, a push above resistance places the 76.4% Fibonacci retracement at 1.3548 as the next target.
  7. The Turkish lira touches another record low against the dollar USD/TRY surpasses 4.6400 as lira rout deepens It is once again the worst performing emerging market currency on the day, and this says a lot as the USD is not really looking too good today. Most emerging market currencies are higher against the greenback - along with all the majors as well - but the lira is down by more than 1.5% on the day. It's been a painful last one week for the lira and it doesn't look like it'll get better any time soon with the CBRT still mum in the wake of Erdogan's comments from last week. EUR/TRY surpasses 5.4691 as try rout deepens.
  8. BillyR

    Any subsequent retracement is likely to find support near the 0.6910-0.6900 region, below which the pair could head back towards YTD lows support near the 0.6860-50 area. On the flip side, the new zealand currency to usd between 0.6975-80 region now seems to have emerged as an immediate resistance, which if cleared should assist the pair to build on its momentum back above the key 0.70 psychological mark.
  9. BillyR

    I take an entry at 1.7868 with the target point is at 1.7807 and that data in pounds lb or lbs was effectively fulfilled
  10. BillyR

    Interesting analysis of african money, I think it is a currency that gives good returns in trading, either with the EUR or the USD. The African currency is very predictable and not very volatile
  11. BillyR

    The GBP/USD pair stalled its recovery move just ahead of the key 1.3500 psychological mark and quickly retreated around 40-pips from session tops. The pair pounds to dollars was seen building on its overnight modest rebound from sub-1.3400 level and got an additional boost from a follow-through US Dollar profit-taking slide. Further gains, however, remained capped amid reemerging Brexit concerns, which has been a key overhang for the British Pound in the recent past. Meanwhile, the pair had a rather muted reaction to mixed comments by the BoE MPC members at the testimony on the inflation and economic outlook before the Parliament’s Treasury Select Committee (TSC) this Tuesday. The pair now seems to be finding some support near mid-1.3400s as investors now start repositioning for this week's important UK macro releases, including the latest consumer inflation figures and month retail sale data. This along with the latest FOMC meeting minutes, coupled with speeches by influential FOMC members and the release of US durable goods might assist investors to determine the pair's next leg of directional move. Technical levels to watch Any subsequent retracement is likely to find support near the 1.3435-30 region, below which the pair is likely to slide back towards retesting the 1.3400 handle before eventually heading further lower in the near-term.
  12. The złoty (golden) is a traditional Polish currency unit dating back to the late Middle Ages. Initially, in the 14th and 15th centuries, the name was used for all kinds of foreign gold coins used in Poland, most notably Venetian and Hungarian ducats, (however, in Ukraine, Volyn and Galicia, the name for them were the золотий - golden). One złoty at the very beginning of their introduction cost 12–14 groszy; however, grosz had less and less silver as time passed. In 1496 the Sejm approved the creation of a national currency, the złoty, and its value was set at 30 groszy, a coin minted since 1347 and modelled on the Prague groschen, and a ducat (florin), whose value was 1 1⁄2 złoty. The 1:30 proportion stayed (1⁄2 of a kopa), but the grosz became cheaper and cheaper, because the proportion of silver in the coin alloy diminished over time. In the beginning of the 16th century, 1 złoty was worth 32 groszy; by the middle of the same century it was 50 groszy; by the reign of Sigismund III Vasa 1 złoty was worth 90 groszy, while a ducat was worth 180 groszy. The name złoty (sometimes referred to as the florin) was used for a number of different coins, including the 30-groszy coin called the polski złoty, the czerwony złoty (red złoty) and the złoty reński (the Rhine guilder), which were in circulation at the time. However, the value of the Polish złoty dropped over time relative to these foreign coins, and it became a silver coin, with the foreign ducats eventually circulating at approximately 5 złotych. The matters were complicated by the extremely intricate system of coins, with denominations as low as 1⁄3 groszy and as high as 12,960 groszy fit into one coin. There were no usual decimal denominations we use today: the system used 4, 6, 8, 9 and 18 groszy, which are now most uncommon. Moreover, there was no central mint, and, apart from Warsaw mint, there were the Gdańsk, Elbląg and Kurland (Riga) separate mints which did not produce the same denomination coins with the same materials. For example, the szeląg had 1.3g of copper while minted in either Kraków or Warsaw, but the local Gdańsk and Elbląg mints made it using only 0.63g of copper. This facilitated forgeries and wreaked havoc in the Polish monetary system Following the monetary reform carried out by King Stanisław II Augustus which aimed to simplify the system, the złoty became Poland's official currency and the exchange rate of 1 złoty to 30 groszy was confirmed. The king established the system which was based on the Cologne mark (233.855 g of pure silver). Each mark was divided into 10 Conventionsthaler of the Holy Roman Empire, and 1 thaler was worth 8 złotych (consequently, 1 złoty was worth 4 grosze. The system was in place until 1787. Two devaluations of the currency occurred in the years before the final partition of Poland. After the third partition of Poland, the name złoty existed only in Austrian and Russian lands. Prussia had introduced the mark instead. exchange rate british pound to polish zloty
  13. BillyR

    Sweden joined the European Union in 1995 and its accession treaty has since obliged it to adopt the euro once the country is found to comply with all the convergence criteria. However, one of the requirements for eurozone membership is two years' membership of ERM II, and Sweden has chosen not to join this mechanism, which would peg the Swedish currency to the euro ±2.25%. The SEK floats freely alongside other currencies. Most of Sweden's major parties believe that it would be in the national interest to join, but they have all pledged to abide by the result of the referendum. The EU has accepted that Sweden is staying outside the eurozone on its own decision. Olli Rehn, the EU commissioner for economic affairs has said that this is up to Swedish people to decide. Despite this, the euro can be used to pay for goods and services in some places in Sweden. Sweden does not currently use the euro as its currency and has no plans to replace the krona in the near future. Sweden's Treaty of Accession of 1994 made it subject to the Treaty of Maastricht, which obliges states to join the eurozone once they meet the necessary conditions. Sweden maintains that joining the ERM II (a requirement for euro adoption) is voluntary, and has chosen to remain outside pending public approval by a referendum, thereby intentionally avoiding the fulfilment of the adoption requirements Convert sterling to swedish krona
  14. The Canadian Dollar reversed course and slumped during the noon session Friday after data showed a surprise contraction in the value of Canadian retail sales at the end of the first-quarter and a minor fall in April inflation. This has overshadowed the rising oil prices, which are now at multi-year highs, and optimism over a deal to save the North American Free Trade Agreeement that had previously supported the currency. Statistics Canada data showed "core" Canadian retail sales, which exclude automobiles from the figures, contracting by -0.2% during March when markets had been looking for them to rise by 0.5%. Total retail sales rose by 0.6% during the month, much faster than the 0.3% growth forecast, but this number includes sales of large ticket items like cars that are excluded from the "core" figure given their distortionary effect on underlying trends. "Canadian retailing moved higher after a few flat months late last year and in early 2018, although you had to be selling cars to feel that lift in March. Overall retail sales climbed 0.6%, but strip out auto dealers, and sales came in well below consensus with a 0.2% decline," says Avery Shenfeld, chief economist at CIBC Capital Markets. Right now 1 gbp to cad is 1,7317
  15. The Danish krone is the official currency of the Kingdom of Denmark, Greenland and the Faroe Islands. The krone is regulated by the Danmarks Nationalbank, which is the nation’s central bank, and it has the currency code of DKK and the symbol kr. While the code appears before the value, the symbol comes after it. The krone is divided into 100 ore. The currency comes in the form of several banknotes and coins. At the time of report, the krone is pegged to the euro because of Denmark’s participation in ERM II, an agreement established on Jan. 1, 1999 to manage the risks associated with currency fluctuations.1) Because of this agreement, the Danish currency is pegged at 7.46038 krone per euro and is allowed to fluctuate 2.25% higher or lower than this exchange rate. You can see usd to dkk exchange rate right now is 6,3350