Today is Tue, September 23, 2014 22:48:53 GMT
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Top Trade Idea For September 23th, 2014-GBP/USD

Cable has been falling sharply since July of this year; pair lost more than 1000 pips from around 1.7180 high. Leg down was fast and extended so we believe it’s impulsive and part of a much larger bearish trend. As such, any contra-trend or upward reaction will be limited and only a correction within ongoing […]

Look to sell EUR/GBP at (or above) 0.7880

Late last week, we saw a 200 pip fall in EUR/GBP with the low almost reaching 0.78. While price has since pulled back towards 0.79, we expect the 0.78 level to be retested and surpassed later this week. Therefore, we’re looking to trade it. While sterling pairs aren’t our preferred instruments, it’s a light week […]

Chinese Worries Deflate Markets

Concerns regarding Chinese growth are looking likely to dominate capital markets this week, especially now that the Scottish issue appears to be on hiatus for the immediate future. Already, both global equities and commodities have been put on the back foot as China’s finance minister sees limited policy response to his country’s current slowdown. The […]

Bitcoin Mostly Unchanged, Square to Integrate BTC Payments

Bitcoin is trading mostly unchanged today. In the past 24 hours, the total daily range of BTC/USD was a measly 12 dollars, a far cry from the $50 range days during the fall last week. The crypto seems to slowly easing into a new congestion area between $370 and $415. One coin is currently selling […]

Gold – Drops to New Low Below $1215

Gold for Tuesday, September 23, 2014 Gold has remained quite steady to start this new week around $1215.  It is enjoying some consolidation 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 […]

Focus returns to ECB policy as Draghi takes the stand

Markets lower after buoyant Friday Europe returns to focus upon Eurozone monetary policy Mario Draghi set to address the European Parliaments. Global indices are looking to start the week on a somewhat softer tone, with the Asian markets leading the way lower overnight. Following the excitement of Friday’s Scottish referendum and Alibaba IPO, things have […]

Precious Metals Pummeled, Crude and Copper Slump Ahead Of China Data

Talking Points Gold and Silver Downside Risks Remain Following Break Below Technical Barriers Copper and Crude Oil Suffer Ahead of Chinese September Manufacturing Figures Platinum Targets The 1,314 Floor Following A Slide Under The 1,360 Handle The precious metals have extended Friday’s declines in Asian trading today with silver the worst performer of the group […]

Week in FX Europe – Swiss Floor Not under Immediate Threat

SNB more dovish than expected Swiss floor supported by potential forex intervention SNB inflation projections lowered The Swiss National Bank (SNB) provided no major surprises in its quarterly policy review earlier this week, but the tone of its statement was probably more dovish than the market had expected. For the 13th consecutive quarter, the SNB […]

Gold – Drops to New Low Below $1215

Gold for Monday, September 22, 2014 To start this new week Gold is rallying a little higher from the $1215 level after finishing last week falling strongly 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 […]

Bitcoin Slightly Down, OpenBazaar Releases Beta

Bitcoin is trading slightly down today. Prices got as low as $375 on BTC-E yesterday, almost matching the September 19th swing low at $471. From here BTC/USD moved up to again retest the round $400 figure. After the failed test, bitcoin fell back to $388. The downward momentum has somewhat paused, as can be seen […]

Scots vote for independence as focus turns to devolution

Scotland votes to remain within the United Kingdom Europe boosted by idea that it will remain united Focus now moves towards the devolution of powers as promised by David Cameron. European markets are waking up to a historic decision by Scotland to reject independence, bringing with it a guarantee of a stable United Kingdom and […]

British Pound Gains, Yen Falls as Scotland Votes Against UK Secession

Talking Points: British Pound Trades Broadly Higher as Scotland Opts Against UK Secession Japanese Yen Under Pressure as Firming Risk Appetite Sinks Haven Demand See Economic Releases Directly on Your Charts with the DailyFX News App The British Pond outperformed in overnight trade, rising as much as 0.9 percent on average against its leading counterparts, […]

Bitcoin Stabilizes Around $400

Bitcoin is stabilizing around the round $400 figure. In the past 24 hours, BTC/USD had a total range of around 24 dollars, much smaller then the 50 points losses experienced in the days prior. The high was reached yesterday around mid day at $413.99 and the low was hit near the end of the trading […]

Bitcoin Rebounds From Lows, Huobi Launches International Website

Everyone’s favorite cryptocurrency looks set to close in the green after six days of losses. Price reached a daily low of $371 yesterday and since then bitcoin has staged somewhat of a rebound. We are currently trading back above the $400 figure. The rally took BTC/USD to a daily high of $411.45 today, a move […]

Bitcoin Down 14%, Three Theories That May Explain Why

Since our last update yesterday, the losses for everyone’s favorite cryptocurrency have accelerated. Bitcoin broke the previous day’s low at $434 .17 and from here it was down all the way. Towards the end of yesterday’s trading session, prices stalled around the round $400 figure but two hours later BTC/USD broke lower. All in all, […]

Will Scotland Be Penny Wise and Pound Foolish?

It has been a long time coming, but Scottish nationalists finally get to vote for independent statehood today. A “Yes” or “No” win cannot be guaranteed, but rest assured, the market will need to brace itself for some sharp sterling swings no matter the outcome. Rumor, innuendo, and early exit polls will be keeping global […]

Gold – Remains Steady Around $1225

Gold for Friday, September 19, 2014 After finding some support around $1225 for a few days to start this week which saw it rally back close to $1240, Gold has now fallen sharply to its lowest level since Janyary this year.  The next obvious level of potential support is at $1200 which is a long […]

Scots go to the poll as markets brace for volatility

FOMC stays steady, yet timelines show sharp rate path Scottish referendum too close to call. The European markets seem somewhat undecided today, with US and Asian gains pushing minor gains in UK and Eurozone indices. Yesterday’s FOMC meeting provided and element for both bulls and bears to grab hold of and as such, the initial […]

Markets Brace for More Volatility on ECB TLTRO, Scotland Referendum

Talking Points: Franc May Decline if SNB Threatens to Expand Anti-Deflationary Measures Euro Could Bounce as Strong TLTRO Uptake Cuts Stimulus Expansion Bets Pound Volatility in the Cards as Scotland Independence Referendum Looms The FOMC monetary policy announcement fueled sharp volatility across currency markets but this marked just the beginning of a marathon of tectonic […]

Top Trade Idea For September 18th, 2014 – USDJPY

This week I am joining the bulls party in the jpy pairs and the analysis above is about the all important jpy pair of them all: the usdjpy. The thing is that what started after breaking that prolonged contracting triangle looks to be the third wave of an impulsive move and, in order for a […]

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