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EURUSD – 50 DMA Holds on First Break Attempt

The euro continued to rally against the dollar this morning after breaking above the descending yesterday, taking out last Friday’s highs early in the session before running into some trouble around the 50-day simple moving average. This was always going to be a tough obstacle, with the pair having traded below here for almost a […]

Gold – Falls Away From Key $1200 Level

Gold for Monday, April 27, 2015 To start this new week Gold is trying to rally higher and regain lost ground from the end of last week which saw it drop to near $1175. It is presently enjoying some support from $1180. In the last couple of weeks, gold has traded in a narrow range […]

Greek Risk To Hang Over Markets

Greece on a different wavelength to other Eurogroup members April deadline expected to be missed If so, Bund yields to come under renewed pressure Capital markets wait for a political decision As was expected from Riga, Latvia, nothing constructive happened on the Greece front. The Eurogroup continues to pile on the pressure, urging the Greek […]

Euro to Look Past IFO Data, May Rise Amid Bets on Greek Funding Deal

Talking Points: Traders May Ignore German IFO Data on Limited ECB Expectations Impact Euro May Rise on Bets Eurozone Officials to Reach Deal on Greece Funding See Economic Releases Directly on Your Charts with the DailyFX News App Currency markets are likely to look past the release of Germany’s IFO Survey of business confidence. With […]

Bitcoin Adds to Losses, Stalls at $213

Bitcoin added to yesterday’s losses. After opening at $226.28 everyone’s favorite virtual currency fell to $217 per coin. Here the red ink paused for a few hours but near the end of the session, the losses continued and BTC/USD hit a new two-month low of $210.86. From here we retraced somewhat and we are currently […]

Bitcoin Continues the Leg Lower

Saturday wasn’t kind to bitcoin. The cryptocurrency fell by $4 d0llars today and the decline isn’t stopping with BTC/USD losing a further $2 dollars in the new trading session. We are currently quoted at $224 flat on BTC-E, $226.20 on BitStamp and $226.33 on OKCoin. It’s been a slow and steady sell-off since the $230 […]

Oil Higher on Yemen Concerns

Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies. Oil buyers also stoked the rally with bets that U.S. crude output will shrink […]

Gold – Remains Steady Above $1190

Gold for Friday, April 24, 2015 In the last 24 hours Gold has steadied just above the $1190 level after dropping sharply through the key $1200 level down to below $1190 a couple of days ago. In the last couple of weeks, gold has traded in a narrow range right around the key $1200 level […]

Euro Bears Under Pressure Despite Flash PMIs Seeing Red

EUR fails to rollover on soft flash numbers ECB chief economist sees Europe on growth track Hawkish talk on Greece lifts EUR Far East PMIs reveal significant deterioration Notwithstanding the lack of fundamental data on show this week, the EUR bear has been trying valiantly to build up a head of steam ahead of tomorrow’s […]

Pound May Prove More Responsive Than Euro to Eurozone PMI Data

Talking Points: Eurozone PMIs May Prove More Market-Moving for the Pound vs. the Euro NZ Dollar Slumps as RBNZ’s McDermott Talks Down Rate Hike Possibilities Franc Corrects Higher After Yesterday’s Aggressive SNB-Inspired Decline The preliminary set of April’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide composite index is expected […]

Bitcoin Barely Changed in a Calmer Trading Session

Bitcoin is trading up by $1 dollar in a calmer trading session. After opening at $231.98, BTC/USD first fell to a low of $230.32, only to rally back and hit a high of $233.71 later in the day. Eventually the cryptocurrency closed the day at $231.50, just 48 cents below its opening price. The slow […]

West TX Oil at $54.50 as Yemen Bombing Continues

Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh that it was ending its campaign of air strikes. While Yemen itself is not among the biggest oil producers in […]

Gold – Closely Hugs Key $1200 Level

Gold for Wednesday, April 22, 2015 Gold is presently trying to hold onto $1200 after dropping sharply through the $1200 level in the last 48 hours before rallying higher again. In the last couple of weeks, gold has traded in a narrow range right around the key $1200 level and this range seems to be […]

BoE: A Coin Toss on Direction of Next Rate Move

The Bank of England went into self-imposed purdah when the election was called in late March, so the release of the minutes of the April meeting of the monetary policy committee provides the first hint of current thinking inside Threadneedle Street for some weeks. The message from the minutes is modestly hawkish. Sure, the vote […]

British Pound May Rise as BOE Meeting Minutes Reboot Rate Hike Bets

Talking Points: British Pound May Rise as BOE April Meeting Minutes Reboot Rate Hike Bets Aussie Dollar Gains as Core CPI Unexpectedly Rises, Firming RBA Outlook See Economic Releases Directly on Your Charts with the DailyFX News App The release of minutes from April’s Bank of England policy meeting headlines the economic calendar in European […]

Bitcoin Flat After V-Shaped Reversal

Bitcoin ended the session flat after a V-shaped reversal. After opening at $230.79 BTC/USD first rallied to $236.56, hitting a new multi-day high. But from here the sellers took charge and pushed the crypto down to $231.98 at the close. We are currently quoted at $231.35, below yesterday’s close. As usual, prices are trading at […]

West TX Oil Steady Around $56 on U.S. Inventories

U.S. crude futures held steady on Tuesday as a drop in stockpiles at a key U.S. delivery point offset near record high production in Saudi Arabia and an expected build in U.S. oil inventories. NYMEX crude for May delivery, which expires later in the day, was down 4 cents at $56.34 a barrel by 0000 […]

Gold – Eases Below Key $1200 Level

Gold for Tuesday, April 21, 2015 Gold is presently trying to hold onto $1195 after dropping sharply through the $1200 level in the last 24 hours In the last couple of weeks, gold has traded in a narrow range right around the key $1200 level. It seems gold has an attraction to the key $1200 […]

Greece Committed To EUR’s Downward Trajectory

Dollar finds support across the board Greece committed to the EUR’s downfall ECB applying subtle pressure via banking system German sentiment spooked by Greece The mighty dollar is quietly going about regaining some of its natural pose as the market heads stateside. Greece, on the other hand, remains committed to the EUR’s downward trajectory in […]

Euro to Look Past German ZEW Data as Greece Worries Loom Large

Talking Points: Euro Unlikely to Find Follow-Through in German ZEW Report Commodity Currencies, US Dollar Respond to Policy Outlooks See Economic Data on Your Charts with the DailyFX News App Germany’s ZEW Survey of analyst confidence headlines the economic calendar in European trading hours. The forward-looking Expectations index is expected to rise to 55.3, putting […]

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