Currency Report - Day 551- Market Bottom in Sight?
Day 551, 10:06
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Published in USA 
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by
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by Enoch Root
Bottoming Out?
A lot of currencies are starting to pick up to respectable levels again, and there have been some real gainers so far today. I think we are about to see the market start picking up for the elections tomorrow. Of course there are a number of currencies that are still going to be plummeting over the next few days, like the KRW, and the LVL, so stay away from those for the time being.
Speaking of the KRW, it has slowed a bit in how fast it has been dropping, but I don't honestly see a reason why it should rise at all, so I'm going to say again, stay away from this. It's too risky.
Today's Movers
There is only a bit of ESP going for this price, but it's been going back and forth between 0.036 and 0.037.
India will be picking up a few territories over the next week or so. These are original Indian territories being returned to the Indian State. They are not very important regions, but will help India become a little bit stronger, so we might see a slight increase in the INR.
The JPY has been very fluid lately, moving several points every few hours. This might seem wonderful, but when it starts to come down off of a spike like it's recent one, who can say it's going to go back up? It was at 0.028 yesterday morning, up to 0.031 last night, and back down to 0.029 today. Not two weeks ago, the JPY was sitting around 0.019. I think we can count on the JPY to not return to levels that low, but who's to say 0.025 or 0.027 isn't a good value? Or it could continue to rise as Japan assimilates more of South Korea.
The LVL is dropping right on schedule. Once it hits 0.005, their target, what then? How long can they hold it that low, and to what ends besides making the stolen LVL worthless, right along with everyone else's LVL?
The NOK is coming down today from a spike that had it up to 0.02 last night. This is dropping fast, so sell while you can.
What kind of statistics would really help currency traders
I think some of the best data that currency traders could use would be volume measurements. If we knew how much currency was being sold, we could find evidence of nearly every major event in eRep. A lot of events do not necessarily change the value of a currency, but the change in the volume exchanged would be very apparent. We could see TO attempts coming, the loss or gain of some not-so-important territories, not to mention the kind of info this would give about creating/purchasing/selling companies in certain counties. I think this kind of data would help countries out a lot with their monetary policies. Just a thought
Currency / Current Value / Change / %
ARS / 0.01 / + 0.00
ATS / 0.009 / + 0.00
AUD / 0.023 / + 0.00
BAM / 0.025 / + 0.00
BEF / 0.017 / - 0.001 / - 5.56%
BGN / 0.01 / + 0.00
BRL / 0.03 / + 0.00
CAD / 0.033 / - 0.002 / - 5.71%
CHF / 0.015 / + 0.001 / + 7.14%
CLP / 0.017 / + 0.001 / + 6.25%
CNY / 0.014 / + 0.00
CZK / 0.007 / + 0.00
DEM / 0.015 / - 0.002 / - 11.8%
DKK / 0.022 / + 0.00
EEK / 0.02 / + 0.00
ESP / 0.036 / - 0.001 / - 2.70%
FIM / 0.02 / + 0.001 / + 5.26%
FRF / 0.019 / + 0.00
GBP / 0.028 / - 0.001 / - 3.45%
GRD / 0.006 / + 0.00
HRK / 0.019 / + 0.00
HUF / 0.022 / + 0.00
IDR / 0.036 / + 0.00
IEP / 0.012 / + 0.001 / + 9.09%
INR / 0.01 / - 0.001 / - 9.09%
IRR / 0.027 / + 0.00
ITL / 0.026 / + 0.00
JPY / 0.029 / + 0.001 / + 3.57%
KPW / 0.02 / - 0.002 / - 9.09%
KRW / 0.007 / - 0.001 / - 12.5%
LTL / 0.021 / + 0.001 / + 5.00%
LVL / 0.008 / - 0.001 / - 11.1%
MDL / 0.012 / - 0.001 / - 7.69%
MXN / 0.009 / + 0.002 / + 28.6%
MYR / 0.006 / + 0.00
NIS / 0.02 / + 0.00
NLG / 0.014 / + 0.00
NOK / 0.017 / + 0.005 / + 41.7%
PHP / 0.02 / + 0.002 / + 11.1%
PKR / 0.008 / + 0.00
PLN / 0.02 / + 0.00
PTE / 0.008 / + 0.00
RON / 0.017 / + 0.00
RSD / 0.009 / + 0.00
RUB / 0.015 / + 0.001 / + 7.14%
SEK / 0.026 / + 0.00
SGD / 0.018 / + 0.001 / + 5.88%
SIT / 0.012 / + 0.001 / + 9.09%
SKK / 0.01 / + 0.00
THB / 0.011 / + 0.00
TRY / 0.009 / + 0.00
UAH / 0.012 / + 0.001 / + 9.09%
USD / 0.02 / + 0.00
VEB / 0.011 / + 0.00
ZAR / 0.012 / + 0.001 / + 9.09%
Money and Women
In kind of keeping with the theme set down by the last pic... piercing corset anyone?
I'd appreciate any feedback. Also, if anyone wants to contribute about currency trends, possible
future value changes, or any other currency investment related info, I would be more than happy
to include you in the paper with full credit.
A lot of currencies are starting to pick up to respectable levels again, and there have been some real gainers so far today. I think we are about to see the market start picking up for the elections tomorrow. Of course there are a number of currencies that are still going to be plummeting over the next few days, like the KRW, and the LVL, so stay away from those for the time being.
Speaking of the KRW, it has slowed a bit in how fast it has been dropping, but I don't honestly see a reason why it should rise at all, so I'm going to say again, stay away from this. It's too risky.
Today's Movers
There is only a bit of ESP going for this price, but it's been going back and forth between 0.036 and 0.037.
India will be picking up a few territories over the next week or so. These are original Indian territories being returned to the Indian State. They are not very important regions, but will help India become a little bit stronger, so we might see a slight increase in the INR.
The JPY has been very fluid lately, moving several points every few hours. This might seem wonderful, but when it starts to come down off of a spike like it's recent one, who can say it's going to go back up? It was at 0.028 yesterday morning, up to 0.031 last night, and back down to 0.029 today. Not two weeks ago, the JPY was sitting around 0.019. I think we can count on the JPY to not return to levels that low, but who's to say 0.025 or 0.027 isn't a good value? Or it could continue to rise as Japan assimilates more of South Korea.
The LVL is dropping right on schedule. Once it hits 0.005, their target, what then? How long can they hold it that low, and to what ends besides making the stolen LVL worthless, right along with everyone else's LVL?
The NOK is coming down today from a spike that had it up to 0.02 last night. This is dropping fast, so sell while you can.
What kind of statistics would really help currency traders
I think some of the best data that currency traders could use would be volume measurements. If we knew how much currency was being sold, we could find evidence of nearly every major event in eRep. A lot of events do not necessarily change the value of a currency, but the change in the volume exchanged would be very apparent. We could see TO attempts coming, the loss or gain of some not-so-important territories, not to mention the kind of info this would give about creating/purchasing/selling companies in certain counties. I think this kind of data would help countries out a lot with their monetary policies. Just a thought
🙂
Currency / Current Value / Change / %
ARS / 0.01 / + 0.00
ATS / 0.009 / + 0.00
AUD / 0.023 / + 0.00
BAM / 0.025 / + 0.00
BEF / 0.017 / - 0.001 / - 5.56%
BGN / 0.01 / + 0.00
BRL / 0.03 / + 0.00
CAD / 0.033 / - 0.002 / - 5.71%
CHF / 0.015 / + 0.001 / + 7.14%
CLP / 0.017 / + 0.001 / + 6.25%
CNY / 0.014 / + 0.00
CZK / 0.007 / + 0.00
DEM / 0.015 / - 0.002 / - 11.8%
DKK / 0.022 / + 0.00
EEK / 0.02 / + 0.00
ESP / 0.036 / - 0.001 / - 2.70%
FIM / 0.02 / + 0.001 / + 5.26%
FRF / 0.019 / + 0.00
GBP / 0.028 / - 0.001 / - 3.45%
GRD / 0.006 / + 0.00
HRK / 0.019 / + 0.00
HUF / 0.022 / + 0.00
IDR / 0.036 / + 0.00
IEP / 0.012 / + 0.001 / + 9.09%
INR / 0.01 / - 0.001 / - 9.09%
IRR / 0.027 / + 0.00
ITL / 0.026 / + 0.00
JPY / 0.029 / + 0.001 / + 3.57%
KPW / 0.02 / - 0.002 / - 9.09%
KRW / 0.007 / - 0.001 / - 12.5%
LTL / 0.021 / + 0.001 / + 5.00%
LVL / 0.008 / - 0.001 / - 11.1%
MDL / 0.012 / - 0.001 / - 7.69%
MXN / 0.009 / + 0.002 / + 28.6%
MYR / 0.006 / + 0.00
NIS / 0.02 / + 0.00
NLG / 0.014 / + 0.00
NOK / 0.017 / + 0.005 / + 41.7%
PHP / 0.02 / + 0.002 / + 11.1%
PKR / 0.008 / + 0.00
PLN / 0.02 / + 0.00
PTE / 0.008 / + 0.00
RON / 0.017 / + 0.00
RSD / 0.009 / + 0.00
RUB / 0.015 / + 0.001 / + 7.14%
SEK / 0.026 / + 0.00
SGD / 0.018 / + 0.001 / + 5.88%
SIT / 0.012 / + 0.001 / + 9.09%
SKK / 0.01 / + 0.00
THB / 0.011 / + 0.00
TRY / 0.009 / + 0.00
UAH / 0.012 / + 0.001 / + 9.09%
USD / 0.02 / + 0.00
VEB / 0.011 / + 0.00
ZAR / 0.012 / + 0.001 / + 9.09%
Money and Women
In kind of keeping with the theme set down by the last pic... piercing corset anyone?
😃
I'd appreciate any feedback. Also, if anyone wants to contribute about currency trends, possible
future value changes, or any other currency investment related info, I would be more than happy
to include you in the paper with full credit.
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Comments
How much lower could go this KRW?
See, there is no way to tell. It's just whenever people decide that their KRW isn't worth less than X price. This should of been way higher than the current values, but never underestimate the stupidity of people seeing a run on a market. For some reason they think that dropping the value even more is a great idea. I don't think it can hold below 0.005, at the very lowest. It's been a long time since a currency could hold a value that low for any time, which is the same reason I'm so apprehensive of a 0.005 LVL value.
South Korea is merging into Japan.
KRW is therefore worthless as a purchasing currency and only holds value in the minds of traders.
Wow! The first realy usefull paper I see on eRep!
GJ
Phew, I sold my JPY and NOK earlier today. Thought about holding onto it for a bit longer, but I'm glad I didn't!
What happened to Latvia? Their value setting down without any reason, I think..?
"The LVL is dropping right on schedule. Once it hits 0.005, their target, what then? How long can they hold it that low, and to what ends besides making the stolen LVL worthless, right along with everyone else's LVL?" There's also a link...
Brilliant!
We aught not to vote this up, you already have lots of subscribers and the more votes you get, the more people will see it.
Maybe you should charge for your reports.
Good idea. About the statistics.
Oh, and by the way thanks for the daily report on the MM. It is very useful, and I am grateful of your work. (Not that we are on the MM in these days 🙂
Why is the MYR so low?
Because nobody wants it.
You can buy mine if you want 😉 PM me