Today is Tue, October 13, 2015 6:21:40 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Forex News

Bitcoin Rejected After Another Test at $245

Bitcoin got rejected today after making another play for the $245 handle. This was the second try at the figure in the last 24 hours and it didn’t go well for the bulls. Prices peaked at $244.94 this time, below yesterday’s $245.04 high. Thus the September bitcoin high on BTC-E at $245.80 remains unbroken. After […]

Chart Of The Day For October 12th, 2015 – EUR/USD

By Ilya Spivak Talking Points: EUR/USD Technical Strategy: Flat Euro Poised to Continue Higher After Breaking Triangle Pattern Resistance Waiting to Enter Short in Line with Long-Term Trend After Upswing Fizzles The Euro looks poised to continue higher against the US Dollar after prices took out the top of a Triangle consolidation pattern. The breakout […]

WTI Crude – Correction Seen as Divergence Forms

Earlier this week I highlighted $48.80-49.20 as a key resistance level for WTI (WTI Crude – New Trading Range Being Established?) with it having been so the last two times it traded at this level. Despite it finding resistance again on Tuesday and Wednesday, it finally broke above here yesterday and has continued to push […]

Winter of Discontent? Why Europe’s Middle Class Is Revolting

What do pilots in Paris have in common with doctors in London? They’re part of a rising tide of middle-class activism that’s sweeping across Europe as austerity measures start to cut the continent’s better-off more deeply. Support for left-wing causes in Europe has been steadily on the rise since the credit crisis seven years ago, […]

Fed Stuns Dollars Advance

Central Bank thoughts have the dollar under pressure: Yesterday’s Fed minutes have certainly lengthened the odds for a rate hike this year. The dollars six-month bull ride in particular has been based on rate differentials, but now, the one-directional lay up trade is in danger of been firmly broken; the markets risk-on sentiment continues to […]

World Bank, IMF Meetings May Disrupt Otherwise Quiet Week-End

Talking Points: World Bank & IMF Meetings Create Headline Risk, Fed-Speak May Pass Quietly Australian, NZ Dollars Rise as Asian Markets Respond to Dovish FOMC Minutes See Economic Data Releases Directly on Your Charts with the DailyFX News App A quiet economic data docket through the end of the trading week will keep the spotlight […]

Bitcoin Slowly Inching Higher

Bitcoin is slowly inching higher. In today’s session we advanced by 53 cents, from $242.97 to $243.50. We are currently quoted at $243.30 dollars per coin. Along with today BTC has now strung together three winning days in a row. But the gains are small, 42 cents on October 9th, $1.43 on October 10th and […]

Bitcoin Volatility Nearing 2015 Lows

Bitcoin is trading higher by almost $2 dollars on BTC-E. After opening at $241.53, bitcoin fell to $240.53 by mid-day. From here we rallied back up to $243.89. We are currently quoted at $243.40 on this exchange. As we can see on the chart below, BTC is now only $2 dollars away from the $245.80 […]

Bitcoin Up 42 Cents, Still Range-Bound

Bitcoin is still trading range-bound. In today’s session on BTC-E we opened at $241.11, then fell slightly to a daily low of $239.38, only to rally few hours later to $242.56. But ultimately we closed the day at $241.53, only 42 cents higher compared to the open. As we can see on the daily chart […]

Top trade idea for October 9th, 2015 – AUD/CAD

Uncertainty, ambiguety, approximation – all part of the traders’ world. So when a chart signal sets up perfectly its often welcomed as a small dose of clear instruction from the market. And the “W” reversal in AUD/CAD is as good as it gets. The chart shows the action. The double bottom gives the points of […]

Oil Lower After Rise in Inventories

Oil prices held steady after surrendering early gains on Thursday, as an unexpectedly large rise in U.S. inventory levels dented some of the recent optimism that the oversupply plaguing the market could soon vanish. U.S. crude stocks rose by 3.1 million barrels to 461 million last week as refineries cut output and idled capacity. Analysts […]

US Markets Lower Ahead of FOMC Minutes

U.S. futures are lower ahead of the open on Thursday, tracking losses in Asia and Europe, as investors look ahead to the release of last month’s FOMC minutes, as well as the latest Bank of England decision and minutes, and minutes from last month’s European Central Bank meeting. We appear to be seeing some profit […]

Central Bank Watch: BoE, ECB and Fed in Focus

There’ll be a lot of attention on central banks on Thursday as the Bank of England announces its latest monetary policy decision and we get minutes from the latest meetings of the BoE, European Central Bank and Federal Reserve. To cap it all off, we’ll here from BoE Governor Mark Carney this evening, only hours […]

Pound, Euro and US Dollar Aim Higher on BOE, ECB and Fed Rhetoric

Talking Points: Pound, Euro May Rise as BOE, ECB Disappoint Dovish Market Expectations September Fed Meeting Minutes May Boost US Dollar, Undercut Risk Appetite See Economic Releases Directly on Your Charts with the DailyFX News App The British Pound may continue higher after scoring the largest two-day advance in three weeks as the Bank of […]

Bitcoin Fenced by Double Top and Double Bottom

Bitcoin traded mostly flat today, with some bearish bias. We kept skirting on the $240 figure all day. We already had two bounces here, once at $239.76, then at $240.25. Prices are again at this level, quoted at $240.37 dollars per coin right now. In the past three days we’ve seen bigger declines on the […]

Chart Of The Day For October 8th, 2015 – EUR/USD

By Ilya Spivak Talking Points: EUR/USD Technical Strategy: Flat Euro Still Stuck in Quiet Consolidation Within Triangle Chart Formation Short Position Favored in Line with Long-Term Bias But Setup Still Absent The Euro remains locked between the narrowing boundaries of a Triangle chart pattern as prices await a clear-cut directional spark. Prices lost momentum after […]

Oil Rises as US Production Takes a Hit

Oil prices rose on Wednesday after data showed the market was beginning to tighten, with falling supply, higher demand and lower inventories after two years of heavy surplus. The U.S. government’s Energy Information Administration (EIA) said in a monthly report global oil demand should increase by its fastest rate in six years in 2016, suggesting […]

GBPUSD – Range-Bound Trading to Continue?

The pound fell to a five-month low against the dollar last week in what may have been a sign of further losses to come. However, this was followed by a woeful US jobs report on Friday that brought about some broad-based weakness in the dollar and prompted a recovery in the pair.It has now rallied […]

Top trade idea for October 8th, 2015 – GBPJPY

The gbpjpy cross is offering the possibility to trade a double combination to the upside and we do have a flat as the first correction, then a small x wave, only for market to form now either another flat (in which case the whole pattern is going to be called a double flat) or a […]

Forex Looking For Central Bank Clues

IMF applies the pressure: Not a surprise to many, Ms. Lagarde and co. have again cut their outlook for global economic growth. They have trimmed their July forecasts to +3.1% from +3.3%, mentioning falling commodity prices, tumbling EM currencies and global financial instability as the reason for the downgrade. The IMF officials (along with the […]

Powered by DayLife

Complete Calendar