Today is Fri, July 25, 2014 13:48:22 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Forex News

Top Trade Idea For July 25th, 2014 – AUD/CAD

Aussie/CAD is testing trend line resistance with momentumoscillators like the slow stochastic in the overbought zone. The high of today’s candle is so far well below yesterday’s high. If we also move below yesterday’s low the chances are we will finish the day with both a lower high and a lower low. Assuming this is […]

Chart Of The Day For July 25th, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3454, 1.3396, 1.3324 Resistance:1.3502-12, 1.3583, 1.3637 The Euro declined against the US Dollar as expected after prices put in a bearish Evening Star candlestick pattern. A daily close below support at 1.3454, the 50% Fibonacci expansion, clears the way for a decline to the 61.8% level at 1.3396. Alternatively, reversal back above the 1.3502-12 […]

Midyear FX Outlook: The Mighty Buck’s Return Is Nigh

The question on every investor’s lips is, “when will the Fed raise interest rates?” Global currency markets continue to flounder in an environment of low volatility and volume despite being punctuated by periods of geopolitically induced risk events. The ongoing Russia-Ukraine conflict remains a significant concern that was heightened by a Malaysian jetliner being was […]

Gold – Drops to One Month Low Below $1300

Gold for Friday, July 25, 2014 Gold is trying to rally higher after falling sharply below the key $1300 level.  You could argue that this has been coming for a few days as it has been slowly but surely easing lower below $1305 heading south towards $1300.   The $1300 level has been reinforced as a […]

Traders turn to US data and earnings after eurozone boost

World cup and good weather gives PMI readings a boost; UK retail sales slip in June but business investment cushions the blow; 50 S&P 500 companies due to report on what has so far been a very good third quarter; Plenty of data being released for traders to get their teeth stuck into. US futures […]

Euro Selloff May Continue as PMIs Fuel Bets on More ECB Stimulus

Talking Points: Euro Selloff May Continue as PMI Data Fuels Bets on More ECB Stimulus New Zealand Dollar Tumbles as RBNZ Signals Shift to Wait-and-See Mode Aussie Dollar Tags 3-Week High After HSBC Reports Upbeat Chinese PMI The preliminary set of July’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide […]

Bitcoin Breaks Below $600

After three weeks spent trading aimlessly in a range, BTC/USD finally broke below the important $600 figure today. The move below $600 lead to quick BTC losses and the crypto soon found itself trading at a low of $578. From here, we rallied a bit and we are currently quoted at $593 a piece on […]

Chart Of The Day For July 24th, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3454, 1.3396, 1.3324 Resistance:1.3502-12, 1.3583, 1.3633 The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. Sellers are testing support at 1.3454, the 50% Fibonacci expansion. A daily close below this boundary initially exposes the 61.8% level at 1.3396. Alternatively, a move back above the […]

RBNZ Bulls Not Affected By Dairy Prices

Capital markets require rate divergence for sustainable volatility, which in turn drives greater investor interest, more volatility and so on. The market just wants price movement. To date, central banks and option traders have been successful handcuffing the forex asset class to tight, contained, and boring currency ranges for many months. Even geopolitical risk, when […]

Gold – Continues to Look South Towards Key $1300 Level

Gold for Thursday, July 24, 2014 Gold is slowly but surely easing lower just below $1305 back towards $1300 which it has now been doing for the last few days and it is looking to threaten any potential support at this level.  The $1300 level has been reinforced as a level of significance in the […]

Top Trade Idea For July 24th, 2014 – EURGBP

I would like to take a look at the eurgbp cross this week as it is forming/ending one of the most complex forms of correction on this four hours chart you can see above and from my point of view that is a nice risk reward ratio to get out of this setup. I am […]

EURJPY and GBPJPY both faces major support following selloff

The GBPJPY and EURJPY pair tend to have somewhat mixed fortunes with their correlation over the years. However, there are certain times when you can see a convergence of notable support levels across the two. With both these major levels coming into play, I think we could see a reaction in both pairs very soon. […]

British Pound Out of Room and Facing Trial by Event Risk

Talking Points: Dollar Performance Not as Robust as EURUSD Insinuates Euro Tumbles As European Equities Rally British PoundOut of Room and Facing Trial by Event Risk Dollar Performance Not as Robust as EURUSD Insinuates The world’s most liquid currency cross EURUSD made a significant break this past session. Breaking through the 1.3500-floor that kept the […]

Bitcoin Takes a Slight Dip to $609, Still in Range

Bitcoin prices took a slight dip to the $609 figure in today’s trading session. Yesterday BTC/USD moved in  a tight 4 dollar range between $616 and $612. After the move below $610, BTC quickly recovered and is now trading at $612 again. The range we keep talking about (high at $633 and low at $600) […]

Top Trade Idea For July 23rd, 2014 – USD/JPY

Out of all the major currency pairs, the USDJPY has undoubtedly been one of the dullest thus far this year. The pair has been trapped within a tight range from roughly 101.00 to 104.00 since mid-January, driving the average weekly range (ATR) to levels not seen since before the introduction of Abenomics in Q3 2012. […]

Chart Of The Day For July 23rd, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3454, 1.3396, 1.3324 Resistance:1.3502-12, 1.3583, 1.3629 The Euro declined against the US Dollar as expected after prices put in a bearish Evening Star candlestick pattern. A daily close below support at 1.3454, the 50% Fibonacci expansion, clears the way for a decline to the 61.8% level at 1.3396. Alternatively, reversal back above the 1.3502-12 […]

EUR Bears Need to Feed Their Appetite

At the best of times, investors have difficulties handling risk and the current trading environment is no different. It seems that the idea of trading risk is not easily transferable among the asset classes. The slight rise in risk appetite in equities is failing to make its way directly into the foreign exchange market. U.S. […]

Gold – Easing Back to Key Level of $1300

Gold for Wednesday, July 23, 2014 The $1300 level has been reinforced as a level of significance in the last week with gold falling sharply from its highs above $1345 back down to this level where it has been met with overwhelming demand. This has seen gold rally higher and now consolidate just above the […]

US futures rally ahead of data and earnings

Cooperation from rebels doing no harm to investor sentiment; EU foreign ministers likely to announce further sanctions; Earnings season key as Apple, Microsoft and Coca Cola report; US inflation reading the highlight of the economic data releases. Given how well US stocks have held up over the last couple of days, it’s difficult to claim […]

US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts

Talking Points: US Dollar Likely to Rise if June’s Inflation Data Outshines Expectations Aussie Dollar Higher, Yen Declines as Risk Appetite Firms in Asian Trade See Economic Data Releases on Your Charts with the DailyFX News App A quiet economic calendar in European trading hours is likely to see investors looking ahead to the release […]

Powered by DayLife

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish