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Chart Of The Day For July 7th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1056, 1.1277, 1.1466 The Euro rose to erase some of its weekly open gap but failed to reclaim a foothold above a trend line set from mid-April against the US Dollar. A daily close below the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci […]

Oil Prices Fall after Greece Vote

Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. The result of the Greek referendum put in doubt its continued place in the single currency, pulling down the euro […]

Gold – Remains Content Around $1170

Gold – Tuesday 7 July 2015 Throughout the last couple of weeks gold has steadily declined and fallen from above the key $1200 level back to below $1160 and a three month low. To close out last week and start this new week it has been able to rally against the medium term down trend […]

Risk Aversion Dominates After Greece Votes “No”

Markets slide on Greece’s historic vote Greek-E.U. political jousting dictates proceedings Markets take Greek rejection in stride Investors look to central banks for guidance Capital markets were expecting a narrow “yes” victory in Sunday’s Greek referendum, the restart of negotiations with its creditors, and the likely end to Prime Minister Alexis Tsipras’s government. Instead investors […]

Greece Hopes to Restart Debt Deal Negotiations. Will the EU Oblige?

Talking Points: Euro Declines, Yen Gains as Greek Referendum Rejects EU Debt Deal Terms EU May Opt Against Restarting Negotiations, Opening the Door to “Grexit” Follow All the Latest Greece Crisis News-Flow via the Real Time News Feed The Euro underperformed in overnight trade after Greece voted against a deal swapping reforms for bailout funding […]

Bitcoin Still Struggling with $270 Dollars

Bitcoin is still struggling to break the resistance at $270 dollars per coin. Today we traded as high at $272 dollars before the sellers regained the momentum and pushed prices back below the $270 mark. We are currently quoted at $265.65 on BTC-E, very close to the day’s open at $266 dollars. On OKCoin, one […]

Chart Of The Day For July 6th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1051, 1.1277, 1.1466 The Euro gapped below trend line support set from mid-April against the US Dollar but breakout confirmation is pending for now. Near-term support is in the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci expansion), with a break below that on […]

West TX Oil Steadies Around $56 Despite Rising U.S. Rig Count

Oil prices dropped on Friday as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. Front-month U.S. crude futures were trading at $56.72 per barrel at 0212 GMT, down 21 cents from their last settlement. That means that U.S. crude has fallen from […]

Gold – Rallies Against Medium Term Down Trend

Gold – Monday 6 July 2015 Throughout the last couple of weeks gold has steadily declined and fallen from above the key $1200 level back to below $1160 and a three month low. To close out last week and start this new week it has been able to rally against the medium term down trend […]

EUR Plummets After Greek Referendum

The first shock waves from Greek voters’ rejection of austerity were felt in the currency markets, with the euro falling against major peers and Australia’s dollar sliding to a six-year low. Analysts are tipping a flight to safety, with Treasuries and German bunds to benefit. The euro lost 1.1 percent to $1.0992 by 6:12 a.m. […]

Euro Faces Weekend Gap Risk with Greek Referendum Sunday

Talking Points: EURUSD holding near $1.1100 in thin trading conditions. EUR, CHF, GBP, and JPY carry significant gap risk over the weekend. See the DailyFX economic calendar for Friday, July 3, 2015. FX markets are likely to see higher volatility in the coming days. With US markets closed today in observance of Independence Day and […]

Bitcoin Retesting $270 Resistance

Bitcoin is retesting the $270 dollars resistance. On June 30th BTC/USD nearly hit this mark by trading as high as $269.30. The resulting bounce lower turned into a significant 7 percent retracement. But yesterday the losses ended as BTC hit important support at $250 dollars. Today we saw a resumption of the trend higher, with […]

Bitcoin Back Up, Higher by 6$ Dollars

Bitcoin is back up and currently over $6 dollars higher compared to the open. We opened at $253.62, then fell to retest the $250 dollars mark. After the bears were unable to push prices lower, bitcoin rallied. We closed the day at $255.80, only $2 dollars above the open. But in the first 2 hours […]

Bitcoin Trading Mixed as Losses Slow Down

Bitcoin is trading mixed on different exchanges as the losses slow down. Let’s start with BTC-E first. Two days ago we lost $3 dollars, yesterday $2.50 and today BTC/USD closed down by only $1.59. After opening at $255.21 bitcoin fell to a low of $252.50 by mid-day. But the lows were quickly bought up and […]

Top Trade Idea for July 3rd, 2015 – Sell AUD/NZD

It’s been a lousy week for milk prices but arguably and even worse one for iron ore. This together with today’s soft Aussie retail sales figure has seen $A lose ground against the Kiwi from what looks as though it could be a significant turning point. Weekly Chart A longer term look at AUDNZD shows […]

Oil Rises After NFP Disappointment

Oil prices edged higher on Thursday as the U.S. dollar slipped following weaker-than-expected U.S. non-farm payrolls data. Poll indications that Greek citizens were expected to back a cash-for-reforms deal in a referendum on Sunday added to the bullish momentum, traders said. Traders were also keeping a close eye on nuclear talks between Western powers and […]

Gold – Drops to Three Month Low Below $1160

Gold – Friday 3 July 2015 Throughout the last couple of weeks gold has steadily declined and fallen from above the key $1200 level back to below $1160 and a three month low. Earlier this week it surged higher to back above the key $1180 level before easing lower again. In the few days prior […]

Markets Temporarily Bulled up for NFP Headline

Market focus temporarily shifts from Greece to U.S. payrolls Investors expect strong NFP print after yesterday’s ADP Trading to be hampered by liquidity constraints Sweden’s Riksbank flatfoots market again This morning’s focus temporarily shifts from Greece to the U.S., where the granddaddy of economic indicators, the nonfarm payrolls (NFP) report, could give up a subtle […]

US Dollar May Rise on Jobs Data, NZ Dollar Drops on Dairy Slump

Talking Points: Upbeat Jobs Data May Boost US Dollar, Drive Broad-Based Risk Aversion NZ Dollar Down as Dairy Prices Slump, Fueling RBNZ Rate Cut Speculation See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar underperformed in overnight trade, falling as much as 0.5 percent on average against its […]

Bitcoin Down for a Second Day

Bitcoin is trading down for a second day. After yesterday’s 5 percent loss, today BTC/USD fell by $3 dollars or 1.1 percent. It was a relatively quiet day, at least when compared to the early part of this week. We opened at $257.50, rallied slightly to $259.94, before falling to a low of $253.50. Prices […]

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