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EUR/USD Two POC Zones Waiting For Possible Sellers
New Post has been published on http://u.to/phKgDw
EUR/USD Two POC Zones Waiting For Possible Sellers
Daily Forex Technicals |
Written by Admiral Markets |
Jan 05 17 11:08 GMT
The EUR/USD spiked above 1.0500 reaching 1.0575. The move was sparked by stop grabbers above 1.0520 and yuan depo rates flying to 96.6%. Yen demand was huge, sending the dollar down across the board. At this point the USD is recovering while EUR/USD might get rejected from POC1 and 2.
Technically we see 2 POC zones. POC 1.0520-35 (61.8, trend line, ATR pivot) could reject the price towards 1.0460. If the EUR/USD spikes above POC, we should watch for possible rejection off POC2 1.0570-85 (ATR top, trend line, 78.6) towards 1.0520 and 1.0460. 1.0460 is a support now and only a momentum break on 1h or 4h close below 1.0460 should target 1.0420 again.
About the Author
Admiral Markets
Notes
The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.
One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.
As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.
The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.
In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.
Read More http://u.to/phKgDw
EUR/USD Two POC Zones Waiting For Possible Sellers
New Post has been published on http://u.to/phKgDw
EUR/USD Two POC Zones Waiting For Possible Sellers
Daily Forex Technicals |
Written by Admiral Markets |
Jan 05 17 11:08 GMT
The EUR/USD spiked above 1.0500 reaching 1.0575. The move was sparked by stop grabbers above 1.0520 and yuan depo rates flying to 96.6%. Yen demand was huge, sending the dollar down across the board. At this point the USD is recovering while EUR/USD might get rejected from POC1 and 2.
Technically we see 2 POC zones. POC 1.0520-35 (61.8, trend line, ATR pivot) could reject the price towards 1.0460. If the EUR/USD spikes above POC, we should watch for possible rejection off POC2 1.0570-85 (ATR top, trend line, 78.6) towards 1.0520 and 1.0460. 1.0460 is a support now and only a momentum break on 1h or 4h close below 1.0460 should target 1.0420 again.
About the Author
Admiral Markets
Notes
The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.
One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.
As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.
The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.
In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.
Read More http://u.to/phKgDw
The Vendor's Market
New Post has been published on http://u.to/wwFGDw
The Vendor's Market
Tuesday could possibly be unofficially declared as the vendor’s market throughout the monetary area with main equities and currencies all encountering heavy promoting momentum throughout buying and selling on Tuesday. The one asset class that appeared to profit was the Greenback, which has lurched to seven-month highs, whereas main equities declined into the pink and the GBP/USD plunging to ranges not seen in a era.
Away from the Pound headlines, Gold has entered the month of October showing depressed with the yellow metallic abruptly falling to a four-month low under $ 1245 after unexpectedly crashing via the psychological $ 1300 help originally of the month. Promoting momentum has undoubtedly intensified in current days throughout metallic buying and selling on speculations that the case for a US curiosity rise earlier than the top of 2016 has strengthened. The Greenback Index is at present buying and selling at its highest degree in round seven months which is subsequently placing additional strain on safe-haven belongings whereas weighing on equities and international currencies.
Talking of equities, most have been painted in purple on Tuesday as oil worth volatility and nervousness forward of Wednesday’s Fed minutes repelled buyers from riskier belongings. Asian shares have already commenced Wednesday ona shaky footing amid danger aversion and this bearish contagion might infect European markets later right now. Wall Road was swift to relinquishing features following the disappointing company earnings with additional losses anticipated as slumping crude costs and mounting fee hike hopes bitter danger urge for food.
Fed minutes in focus
Greenback bulls have been dominant in October with the Dollar suppressing different currencies as expectations mount over the Federal Reserve elevating US rates of interest in December. Lasts week’s combined jobs studies have been accepted by the markets as a part of the attributes which give a compelling purpose for a US rate of interest improve earlier than year-end. The Greenback Index presently trades round seven-month highs and will edge larger as optimism rises over the Fed taking motion.
Buyers might pay very shut consideration to the newest FOMC assembly minutes on Wednesday night with members across the globe in search of course on the longer term tempo of US rate of interest rises. The pending Fed minutescould be a market shaker contemplating the rising divergence of opinions for rate of interest hikes. A lot focus could also be positioned on the three dissents with buyers looking for clues on the depth of the hawkish insurgent camp and the place the Fed sentiment stands.
If the newest minutes have a hawkish really feel, then the Greenback Index which is already technical bullish might edge greater with costs buying and selling in the direction of 98.00. From a technical standpoint, earlier resistance at 97.50 might rework right into a dynamic help which inspires an extra incline in the direction of 98.00.
Sterling nonetheless pressured
The mounting arduous Brexit fears proceed to grip the Sterling with sellers attacking incessantly at any given alternative. Sterling has recorded its worst four-day efficiency because the Brexit vote with the GBPUSD sinking in the direction of 1.21 on Tuesday and additional declines might be anticipated sooner or later as confidence wanes over the post-Brexit UK financial outlook. It’s turning into fairly clear that the flash crash final week Thursday has left a harmful impression on the Sterling with weak spot turning into a dominant theme as shopping for sentiment in the direction of the foreign money diminishes.
The GBPUSD stays closely bearish on the every day timeframe with steeper losses anticipated as expectations heighten over the Federal Reserve elevating US charges in December. A decisive break down under 1.2200 might open a path in the direction of 1.2000.
Read More http://u.to/wwFGDw
The Vendor's Market
New Post has been published on http://u.to/wwFGDw
The Vendor's Market
Tuesday could possibly be unofficially declared as the vendor’s market throughout the monetary area with main equities and currencies all encountering heavy promoting momentum throughout buying and selling on Tuesday. The one asset class that appeared to profit was the Greenback, which has lurched to seven-month highs, whereas main equities declined into the pink and the GBP/USD plunging to ranges not seen in a era.
Away from the Pound headlines, Gold has entered the month of October showing depressed with the yellow metallic abruptly falling to a four-month low under $ 1245 after unexpectedly crashing via the psychological $ 1300 help originally of the month. Promoting momentum has undoubtedly intensified in current days throughout metallic buying and selling on speculations that the case for a US curiosity rise earlier than the top of 2016 has strengthened. The Greenback Index is at present buying and selling at its highest degree in round seven months which is subsequently placing additional strain on safe-haven belongings whereas weighing on equities and international currencies.
Talking of equities, most have been painted in purple on Tuesday as oil worth volatility and nervousness forward of Wednesday’s Fed minutes repelled buyers from riskier belongings. Asian shares have already commenced Wednesday ona shaky footing amid danger aversion and this bearish contagion might infect European markets later right now. Wall Road was swift to relinquishing features following the disappointing company earnings with additional losses anticipated as slumping crude costs and mounting fee hike hopes bitter danger urge for food.
Fed minutes in focus
Greenback bulls have been dominant in October with the Dollar suppressing different currencies as expectations mount over the Federal Reserve elevating US rates of interest in December. Lasts week’s combined jobs studies have been accepted by the markets as a part of the attributes which give a compelling purpose for a US rate of interest improve earlier than year-end. The Greenback Index presently trades round seven-month highs and will edge larger as optimism rises over the Fed taking motion.
Buyers might pay very shut consideration to the newest FOMC assembly minutes on Wednesday night with members across the globe in search of course on the longer term tempo of US rate of interest rises. The pending Fed minutescould be a market shaker contemplating the rising divergence of opinions for rate of interest hikes. A lot focus could also be positioned on the three dissents with buyers looking for clues on the depth of the hawkish insurgent camp and the place the Fed sentiment stands.
If the newest minutes have a hawkish really feel, then the Greenback Index which is already technical bullish might edge greater with costs buying and selling in the direction of 98.00. From a technical standpoint, earlier resistance at 97.50 might rework right into a dynamic help which inspires an extra incline in the direction of 98.00.
Sterling nonetheless pressured
The mounting arduous Brexit fears proceed to grip the Sterling with sellers attacking incessantly at any given alternative. Sterling has recorded its worst four-day efficiency because the Brexit vote with the GBPUSD sinking in the direction of 1.21 on Tuesday and additional declines might be anticipated sooner or later as confidence wanes over the post-Brexit UK financial outlook. It’s turning into fairly clear that the flash crash final week Thursday has left a harmful impression on the Sterling with weak spot turning into a dominant theme as shopping for sentiment in the direction of the foreign money diminishes.
The GBPUSD stays closely bearish on the every day timeframe with steeper losses anticipated as expectations heighten over the Federal Reserve elevating US charges in December. A decisive break down under 1.2200 might open a path in the direction of 1.2000.
Read More http://u.to/wwFGDw
The Vendor's Market
New Post has been published on http://u.to/wwFGDw
The Vendor's Market
Tuesday could possibly be unofficially declared as the vendor’s market throughout the monetary area with main equities and currencies all encountering heavy promoting momentum throughout buying and selling on Tuesday. The one asset class that appeared to profit was the Greenback, which has lurched to seven-month highs, whereas main equities declined into the pink and the GBP/USD plunging to ranges not seen in a era.
Away from the Pound headlines, Gold has entered the month of October showing depressed with the yellow metallic abruptly falling to a four-month low under $ 1245 after unexpectedly crashing via the psychological $ 1300 help originally of the month. Promoting momentum has undoubtedly intensified in current days throughout metallic buying and selling on speculations that the case for a US curiosity rise earlier than the top of 2016 has strengthened. The Greenback Index is at present buying and selling at its highest degree in round seven months which is subsequently placing additional strain on safe-haven belongings whereas weighing on equities and international currencies.
Talking of equities, most have been painted in purple on Tuesday as oil worth volatility and nervousness forward of Wednesday’s Fed minutes repelled buyers from riskier belongings. Asian shares have already commenced Wednesday ona shaky footing amid danger aversion and this bearish contagion might infect European markets later right now. Wall Road was swift to relinquishing features following the disappointing company earnings with additional losses anticipated as slumping crude costs and mounting fee hike hopes bitter danger urge for food.
Fed minutes in focus
Greenback bulls have been dominant in October with the Dollar suppressing different currencies as expectations mount over the Federal Reserve elevating US rates of interest in December. Lasts week’s combined jobs studies have been accepted by the markets as a part of the attributes which give a compelling purpose for a US rate of interest improve earlier than year-end. The Greenback Index presently trades round seven-month highs and will edge larger as optimism rises over the Fed taking motion.
Buyers might pay very shut consideration to the newest FOMC assembly minutes on Wednesday night with members across the globe in search of course on the longer term tempo of US rate of interest rises. The pending Fed minutescould be a market shaker contemplating the rising divergence of opinions for rate of interest hikes. A lot focus could also be positioned on the three dissents with buyers looking for clues on the depth of the hawkish insurgent camp and the place the Fed sentiment stands.
If the newest minutes have a hawkish really feel, then the Greenback Index which is already technical bullish might edge greater with costs buying and selling in the direction of 98.00. From a technical standpoint, earlier resistance at 97.50 might rework right into a dynamic help which inspires an extra incline in the direction of 98.00.
Sterling nonetheless pressured
The mounting arduous Brexit fears proceed to grip the Sterling with sellers attacking incessantly at any given alternative. Sterling has recorded its worst four-day efficiency because the Brexit vote with the GBPUSD sinking in the direction of 1.21 on Tuesday and additional declines might be anticipated sooner or later as confidence wanes over the post-Brexit UK financial outlook. It’s turning into fairly clear that the flash crash final week Thursday has left a harmful impression on the Sterling with weak spot turning into a dominant theme as shopping for sentiment in the direction of the foreign money diminishes.
The GBPUSD stays closely bearish on the every day timeframe with steeper losses anticipated as expectations heighten over the Federal Reserve elevating US charges in December. A decisive break down under 1.2200 might open a path in the direction of 1.2000.
Read More http://u.to/wwFGDw