Today is Tue, September 30, 2014 11:47:52 GMT
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Forex News

Forex Carry Trades Are in Trouble

Volatility is the forex investor’s greatest ally. In the month of September, there has been no let up from this key variable that had been missing during the Group of Eight central bank lower-for-longer interest rate stretch of the past two years. Volatility provides investors opportunity, something that has been in abundance for a number […]

Gold – Support Level at $1215 Remains Firm

Gold for Tuesday, September 30, 2014 For more than a week now Gold has thoroughly enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215.  The next obvious level of potential support remains at $1200 which is a long term key level. If gold was to […]

Markets selloff as we enter key week

Market selloff continues as markets look towards key week; Spanish CPI leads thoughts to tomorrows headline CPI reading; US pending home sales figure released later today. US markets look set to run into further downside today following a disappointing start to the week in Asia and Europe. With the busiest week of the month ahead […]

Technical Case for Weak EUR/USD Persists – Will Fundamentals Match?

Talking Points: EURUSD continues to be guided by 13-EMA. Watch flag develop in USDJPY – failed breakout worth watching for. EURUSD has been on a major losing streak since mid-August. EURUSD faces two important tests this week: the European Central Bank on Thursday; and whether or not it will maintain its downtrend at the daily […]

Bitcoin on a Six Day Losing Streak

Bitcoin is now on a six day losing streak. The highly volatile trading session started with prices at $374. From here, BTC/USD fell to a new multi-day low of $361 only to rally 24 dollars to a high of $385 just six hours later. For a while it looked like the cryptocurrency may end its […]

Top Trade Idea For September 29th, 2014 – SGD/JPY

In early August, SGD/JPY (the Singapore dollar against the Japanese yen) hit a low near 81. Five weeks later, it began a serious uptrend which saw a rise of more than 500 pips. For the past week or so, it has consolidated within a narrow range. This should provide us an opportunity to join the […]

Week in FX Europe – EUR Run Ragged after Consolidation

U.S. dollar adjusts to mid-2015 rate hike ECB could use additional unconventional measures With QE on the table the EUR could hit €1.20 in six months Diverging monetary policies have fueled the U.S. dollar’s strength this summer, more so against the EUR than any of the other Group of Seven (G-7) currencies. On Thursday, the […]

Gold – $1215 Level Continues to Assist

Gold for Monday, September 29, 2014 For more than a week now Gold has thoroughly enjoyed support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215.  The next obvious level of potential support remains at $1200 which is a long term key level.  If gold was to fail […]

Japanese CPI falls further, prompting calls for BoJ action

Yesterday’s sell-off driven by geo-political fears Japanese CPI falls yet again German consumer confidence likely to tumble once more. European markets are expected to open mixed as they try to determine whether the follow the US and Asian indices lower following the largest one-day decline in the Dow since 31 July. Driven primarily by rumours […]

Dollar Rising Too High for Fed’s Liking?

Talking Points: Dollar Rising Too High for Fed’s Liking? Euro Discounts Draghi Talk, Bigger Concerns Looming New Zealand Dollar Suffers Biggest Drop in 15 Months Dollar Rising Too High for Fed’s Liking? Earlier this week, New York Fed President William Dudley remarked that the US Dollar’s rapid rise could hinder growth and undermine the central […]

Bitcoin Retests $370, OKCoin USD Volume Spikes

Another day of losses for everyone’s favorite virtual currency. After opening the day at $388.91, BTC/USD had a small rally to $394.65. From here bitcoin hovered around the $388 mark before finally succumbing to the selling pressure. Towards the end of the day, BTC hit a low of $370.30, bouncing clean off the $371 support […]

Bitcoin Heading Toward Fourth Day of Losses

Bitcoin is heading toward its fourth day of losses. After opening at $395, prices slowly drifted to hit a daily low of $388.55. Currently BTC/USD is quoted at $390 on BTC-E. Prices are trading just above the $400 round figure on BitStamp. A move lower is likely. The first significant support below $388 stands at […]

Bitcoin Hangover Continues, CFTC to Hold Public Hearing

The hangover from the PayPal induced high continues for a third day. Today BTC/USD opened at $400 flat on BTC-E. After a short-lived rally to $412, BTC resumed the downtrend, hitting a daily low of $388.69 around mid-day. Prices have since recovered somewhat and currently one coin is selling for $395.50 on BTC-E. Bitcoin is […]

Top Trade Idea For September 26th, 2014 – USD/JPY

After a stellar rally, USDJPY might complete a double top here. This would happen if price breaks support at 108.25 instead of rallying past the potential double tops. A typical approach by pattern traders would be to set a stop entry sell order below the double top support looking for a correction of the last […]

Dollar Slowly Suffocates the Euro

With a little help from central bank rhetoric, both volume and opportunity are making a significant comeback to the forex space. Up until now, the lower-for-longer monetary policy route basically handcuffed the Group of Seven currency pairs to a confined trading range over the past 18 months. Presently, with the possibility of a significant divergence […]

Gold – Support at $1215 Stands Firm

Gold for Friday, September 26, 2014 For most of this week Gold has enjoyed support at $1215 after finishing last week falling strongly from $1240 to just below $1215. After finding some support around $1225 for a few days to start last week which saw it rally back close to $1240, Gold then fell sharply […]

Strong US session pushes Europe higher

Strong US housing data strengthens markets resolve Dovish Fed speaker provides further boost Quiet European session likely to see light trading. This week is beginning to looks like a tale of two halves, with yesterday witnessing substantial gains across both US and Asian indices which are now expected to carry on through to the European […]

Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed

Talking Points: Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed Euro Tumbles after ECB President Draghi Reiterates Easing Commitment British Pound: Traders Await BoE Gov Carney’s First Post-Referendum Speech Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed Eleven straight weeks. That is the bullish run that the US Dollar is trying […]

Bitcoin Retraces, OKCoin Unveils New Fee Model

Bitcoin is continuing to retrace from the post-PayPal highs reached two days ago. Today prices traded as low as $396.22 on BTC-E. We are currently quoted just shy of the $400 round figure at $401.70. Prices are slightly higher on rival exchange BitStamp at $412 for one coin. The near complete reversal in the aftermath […]

Top Trade Idea For September 25th, 2014 – GBPUSD

With the US dollar on a tear higher, the only thing that sustained the gbpusd at these elevated levels seems to be the uncertainty about the recent Scottish referendum. Now that the results are behind us, gbpusd should play a little catch up game with the eursd and I would say it is only a […]

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