Today is Thu, July 24, 2014 4:48:15 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Forex News Top Stories

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) […]

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 […]

Bitcoin Regulation: Lawsky Goes on BBC

Ben Lawsky, the Superintendent of Financial Services at the New York State Department went on BBC to defend the proposed NY state regulatory framework. Lawsky told reporters that ”virtual currencies hold a lot of promise” and may change banking and finance in the future. He again used the MtGox fiasco as part of the reason […]

Event Risk Trumps Forex Fundamentals

The euro gained on the U.S. dollar and the yen held steady in a thinned-holiday Asian trading session overnight. But as tensions rise between Russia and the West, and the violence in the Gaza Strip becomes increasingly bloody, geopolitical events remain the focal point for investors and all asset classes. The corporate earnings season is […]

Gold – Settles Above Key Level of $1300

Gold for Tuesday, July 22, 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 […]

AUDUSD rejects resistance and forms bearish engulfing pattern

The AUDUSD pair is trading within a descending triangle formation, which has been respected yet again today with the rejection of a key resistance level. With price action having broken below a short term support, a bearish englufing pattern is pointing towards further downside to come. The four hour chart show that bearish engulfing pattern […]

EUR/USD Breakdown, GBP/CAD, USD/CAD Breakouts Eyed this Week

Talking Points: EURUSD below July 2012-July 2013 TL, needs below 1.3475. GBPCAD and USDCAD still both point to breakouts higher. Reminder that July forex seasonals in QE era work against USD. It’s admittedly another quiet start to the trading week, with fewer than ten economic data releases (including central banker speeches) on the calendar for […]

Bitcoin Goes Nowhere, BTCChina Launches USD Trading

Bitcoin prices are still moving around aimlessly between $600 and $633. Today, the range from high to low was a total of 4 dollars as BTC/USD slashed between $616 and $620. Here is today’s uneventful trading session on BTC-E. Since nothing new is going on at the price front, see yesterday’s roundup for the possible […]

Week in FX Americas – Inflation Concerns Come to the Fore

US consumer sentiment declines Consumer has a balanced view on inflation Canucks take price rise on stride Despite the geopolitical event risk in play, a couple of North American economic releases on Friday gauged consumer sentiment and inflation concerns. In the U.S, the preliminary University of Michigan Consumer Sentiment Index for July declined to 81.3 […]

West TX down to $102.50 with Risk Premium Intact

U.S. crude fell in early Asian trade on Monday after last week’s gains, but oil’s risk premium on oil is likely remain intact amid geopolitical risks in Gaza and Ukraine. U.S. crude fell 25 cents to $102.88 a barrel at 0031 GMT. The contract had settled down 6 cents on Friday, but finished the week […]

US recoup some losses ahead of data

US futures edge higher as geopolitical risk is priced in; Investor complacency raised again after yesterday’s events; UoM consumer sentiment and CB leading indicator in focus. Yesterday’s events in eastern Ukraine and the Gaza strip are weighing on European indices this morning, as investors price in the additional geopolitical risk that comes with both events. […]

Yen May Continue Higher as Geopolitical Jitters Fuel Risk Aversion

Talking Points: Yen May Continue Higher as Geopolitics Drive Risk Aversion Canadian Dollar Advanced Before June CPI Data Overnight See Data Releases on Your Charts with the DailyFX News App The economic calendar is quiet in European hours, with May’s Eurozone Current Account figures the only noteworthy item on the docket. Volatility may be on […]

Bitcoin Weaker on Slow Sunday, Dell Now Accepts BTC

Bitcoin prices are trading somewhat weaker today. On BTC-E, we opened at $618.27. From here we rallied slightly to a daily high of $619.79 before falling back. BTC is now trading at $613.10 per coin on BTC-E and at $625 on BitStamp. The breakout points at $633 and $600 still stand. Every day spent in […]

Bitcoin Ranges, Fallout from NYDFS Proposal Continues

Bitcoin spent all of Saturday trading in an extremely tight range of 4 dollars. The high reached today stands at around $620, the low near $616. Prices are currently sliding on the lower side of that range at $615.80 per coin. BTC is trading quite a bit higher on BitStamp at $628 for one bitcoin. […]

No Yellin’ – EUR, GBP, JPY Ready to Breakout?

After many months of low forex volatility, one gets the distinct impression that the worst is probably behind us, and that there are a few signs emerging that would suggest that the main forex pairs are on the cusp of a major breakout. Dealers and investors require movement for opportunity and are just itching for […]

Gold Steady Ahead of Key US Numbers

Gold is trading just shy of the key $1300 level on Thursday. In the European session, the spot price stands at $1299.07 per ounce. On the release front, it’s a busy day with three key events, Building Permits, Unemployment Claims and the Philly Fed Manufacturing Index. Federal Reserve Chair Janet Yellen concluded two days of […]

Eurozone CPI looks to dominate an otherwise quiet session

Yellen pulls back from micro commentary Time Warner bid shows M&A market continues to boom Potential second corporate default brings risk off view to China Eurozone CPI expected to dominate European session.. European markets are looking a little downbeat despite a fourth day of growth in Asian stocks. That being said, with yesterday representing one […]

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish