Today is Sat, August 23, 2014 14:48:00 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Forex News Top Stories

Bitcoin Stuck at $500, Some BitStamp Users Report Problems

Bitcoin is still stuck around the $500 figure. On BTC-E, today’s range is a total of 19 points, the daily high stands at $513.99 and the daily low is at $495 flat. We are currently trading just shy of this low at $496 per coin. As usual, prices are slightly higher on BitStamp at $500.70, […]

Bitcoin Flirts with $500, NYDFS Extends Comment Period

Bitcoin is flirting with the round $500 figure. After reaching a high of $528.92 on BTC-E yesterday, the cryptocurrency is trading weaker, down 11 points in today’s session. One bitcoin can be bought for $499.70 on BTC-E and for $503 on BitStamp. The New York Department of Financial Services has decided to extend the comment […]

Will Jackson Hole Be A Currency Event?

There’s chatter in the market that the two-day central bank symposium getting underway in Jackson Hole, Wyo., today could be a currency event, another type of Plaza Accord. Up until now, the market had been solely on the lookout for any hawkish comments from Federal Reserve Chair Janet Yellen’s presentation at the forum tomorrow to […]

Gold – Drops Sharply to Support at $1275

Gold for Friday, August 22, 2014 Over the last few days Gold has been easing lower back towards the medium term support level at $1290 however in the last 24 hours it has fallen sharply back to the previous key level at $1275 which has held it up for a little while.   A couple of […]

EURJPY upside looking towards key inside trendline

The recent downturn in EURJPY has been reversed, with price now rising towards a major trendline. Should this trendline provide a spark, this could be the eighth  time that this same line has held. The weekly chart shows that this inside trendline has been absolutely key to price action for over a year, providing both […]

EUR/USD Slide Continues but EUR Weakness Elsewhere Questionable

Talking Points: EURUSD cracks to fresh yearly lows at 1.3241. USDCHF has resumed its move towards 0.9160/89. US Dollar strength in August shouldn’t surprise – it’s a seasonally strong month. EURUSD and USDCHF are back in tandem, and while that mean a bit more EURUSD weakness as USDCHF tries for $0.9160, that doesn’t mean that […]

Bitcoin Climbs Above $500, US Judge Says BTC is ”Clearly Money”

Bitcoin has managed to climb above the $500 support level mentioned in our previous daily roundup. Prices should now remain supported by the this figure, at least in the near term. Yesterday BTC rallied 27 dollars, from $474 to $500. During today’s morning session bitcoin continued the rally upward, hitting a daily high of $528. […]

Will BoE Dissenters Change Sterling’s Direction?

Currently, the central banker remains at the core for most forex moves. Governor Glenn Stevens at the Reserve Bank of Australia (RBA) is trying hard to jawbone the Aussie dollar lower. While the “policy chameleon” — Governor Mark Carney at the Bank of England (BoE) — confused investors with hawkish remarks last weekend, following dovish […]

Gold – Resting on Support at $1290

Gold for Thursday, August 21, 2014 Over the last few days Gold has been easing lower back towards the medium term support level at $1290 which is where it presently finds itself resting.   A couple of weeks ago Gold had been meeting resistance around $1313 which has seen it finally ease lower to end last […]

Profit taking seen ahead of the BoE and Fed minutes

Profit taking seen ahead of the BoE and Fed minutes; BoE minutes may show more disagreement on rates that voting suggests; Geopolitical risk just background noise at the minute, but this may change. We appear to be seeing a little bit of profit taking ahead of the European open on Wednesday, as indices point to […]

Dollar Rally Forces EURUSD and USDJPY Breaks

Talking Points: Dollar Rally Forces EURUSD and USDJPY Breaks British Pound Surprised by BoE Hawks, But Doesn’t Turn Euro Traders Ready for Another Round of Economic Data Dollar Rally Forces EURUSD and USDJPY Breaks Between two days of key event risk, it seemed that the US Dollar was due a period of moderation. However, this […]

Sterling Bulls Back down While EUR Bear Waits

The forex markets require a diverging interest rate policy among the Group of Seven economies for sustainable volatility. In 2014, geopolitical risk has been regionally contained and risk-on or -off trading strategies have been orderly executed, regardless if it has been influenced by events in Russia-Ukraine, Gaza, Syria or Iraq. Various individuals will argue that […]

Gold – Looking for Support at $1290 Again

Gold for Wednesday, August 20, 2014 Over the last few days Gold has been easing lower back towards the $1300.  Now that it has broken through that level, it now has eyes on the previous support level at $1290. A couple of weeks ago Gold had been meeting resistance around $1313 which has seen it […]

Inflation data eyed ahead of BoE minutes release tomorrow

Falling geopolitical risk provides another boost to risk appetite; Focus remains on central banks this week, particularly the Fed, BoE and ECB; UK inflation expected to ease off, giving the BoE more time to address slack and poor wage growth; US inflation and housing data come into focus this afternoon. The markets look set for […]

Bitcoin Stable After Volatile Day, ATO Releases Tax Ruling

Bitcoin is trading more stable today after a volatile Monday that saw prices flash crash over 130 dollars on BTC-E. Bitcoin traded as high as $487 yesterday, fueled by the rebound started after the crash. With the recent clearing of orders on both BTC-E and Bitfinex, the market should remain somewhat supported in the near […]

Dollar Needs Inflation to Sustain Break from Equities, Yields

Talking Points: Dollar Needs Inflation to Sustain Break from Equities, Yields British Pound Faces Another Wave of Potential Volatility with CPI New Zealand Dollar Drops as Inflation Readings Further Cut Rate Forecast Dollar Needs Inflation to Sustain Break from Equities, Yields The Dollar opened the new trading week with a mixed performance. Between modest gains […]

Governor Carney’s Chameleon Efforts Lift GBP

Risk-on and -off trading remains the order of the day at least until the investor is convinced that the geopolitical landscape has changed for the better. If one eliminates geopolitical aggressive pricing actions from the equation then investors are left dealing with tenuous global growth to price. In a week stacked with central bank meetings […]

Gold – Eases Below $1300

Gold for Tuesday, August 19, 2014 Over the last couple of days Gold has been easing lower back towards the $1300 level and has just slipped just below that level of the last day or so.   In the last week or so Gold had been meeting resistance around $1313 which has seen it finally ease […]

Europe off to a flyer as focus switches to central banks

Central banks dominate proceedings this week; Yellen’s Jackson Hole key note speech may headline important week; Minutes from Fed and BoE, released Wednesday, another major event this week; European futures flying ahead of quiet session. What could shape up to be a rather important week for the markets is set to get off to a […]

British Pound Gains as Carney Talks Up Interest Rate Hike Timeline

Talking Points: British Pound Stronger as BOE Governor Carney Talks Up Rate Hike Bets Yen May Decline as Aussie and NZ Dollars Rise on Firming Risk Appetite See Economic News Releases on Your Charts with the DailyFX News App The British Pound outperformed to start the trading week, rising as much as 0.3 percent on […]

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish