Today is Mon, March 30, 2015 0:55:18 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Forex News » Top Stories

Bitcoin Down $12, Nears Previous Support

Bitcoin is trading down by $12 dollars today. After opening at $249.15 prices rose slightly to $250.75 but from here it was down all the way. By mid-day we had hit $238.12. A second arch lower took BTC/USD to $235.99, just 59 cents away from the March 25th swing low. We are currently trading at […]

Bitcoin Slightly Up, Mined BTC Close to $14M Mark

Bitcoin closed today up just over $3 dollars. After opening at $245.79, BTC/USD rallied to a high of $252.26 around mid-day. The BTC couldn’t stay above the $250 mark for long and soon a sell-off took prices to $249.01 where the crypto closed off the session. Both BitStamp and OKCoin are trading $2 dollars above […]

Bitcoin Flat Again, OKCoin Changes Margin Rules

Bitcoin is trading flat again. After opening the day at $245.62, prices first fell by over 4 dollars to $240.99. From here we rallied higher, reaching $248 in the morning session. But the highs didn’t last either and soon BTC/USD fell back down to its daily opening price at $245. We are currently quoted at […]

Europe Lower Ahead of Key UK Retail Sales Data

European indices are expected to open lower on Thursday following rough sessions in the US and Asia overnight. People have spent the last week trying to explain why US indices in particular have suffered over the last week, with some pointing to growing expectations of a summer rate hike and others highlighting the weakness in […]

Gold – Threatens to Remain Above Key $1200 Level

Gold for Friday, March 27, 2015 Throughout last week or so gold has moved very well and reversed by moving strongly off the support at $1150 up to a three week high right around $1220 level, before easing lower back towards the key $1200 level. It has eased lower a little back near $1200 where […]

USD/CAD – Poloz Did Not Ruffle the Loonie’s Wings

CAD rate cut “buy’s us time” Need time for lower oil prices to have impact BoC to wait on sidelines Higher crude temporarily supporting CAD Governor Stephen Poloz at the Bank of Canada (BoC) said nothing to upset the market balance in his speech in London this morning. The governor has been criticized by various […]

Post-FOMC Levels Holding USD for Now; JPY-crosses Begin Breakdown

Talking Points: USDOLLAR Index struggling at post-FOMC low, daily 34-EMA. USDJPY wipes out below 119.25, contrary to March seasonality. See the March forex seasonality report for trends in the QE-era. The Japanese Yen is defying its seasonal tendancies right now, which could set up an interesting month of April. Typically, at least over the past […]

Bitcoin Barely Changed, GBTC Begins Trading

Bitcoin is trading barely changed today, after the move higher faltered as well. The day started with a BTC rally from $243.38 to a high of $252.19, hit around mid-day. Prices didn’t stay above $250 for long however and a slow  and steady slide lower took BTC/USD back to the $243 mark. We are currently […]

America’s Oil Storage Hits Another Record

America’s oil in storage just hit another record after rising for the 11th consecutive week. Stockpiles rose 8.2 million barrels, or 1.8 percent, to 466.7 million barrels last week, the EIA reported today. Analysts had expected an increase of 4.75 million barrels. The amount of oil the U.S. is cranking out also edged up slightly, […]

Gold – Steadily Moving Higher Towards Key $1200 Level

Gold for Thursday, March 26, 2015 Throughout last week or so gold has shown some life and reversed by moving strongly off the support at $1150 up to a two week high just shy of the key $1200 level. It has eased lower a little back near $1150 where it is presently consolidating and trading […]

EURO Marches Higher

EUR bulls need a €1.1000 close for confidence S. inflation remains benign German growth solid in Q1 on QE Hungary’s central bank surprises The euro is inching higher on Wednesday versus the U.S. dollar. Given the forex market’s current run of unpredictable moves, only time will tell if the single unit is capable of taking […]

Dollar Staves Off Another Reversal Risk

Talking Points: Dollar Staves Off Another Reversal Risk Euro Focus Turning from QE Back to Greece British Pound Stumbles After Inflation Stalls for the First Time Dollar Staves Off Another Reversal Risk The Dollar took another stab at turning its eight-month bull trend this past session. However, this time around, there wasn’t a FOMC rate […]

Bitcoin Trades Below $243 but Prices Rebound

Bitcoin traded below the $243 mark today but prices were quick to rebound. The move lower took BTC/USD to a daily low of $235.40. The subsequent rebound lead to a $13 dollars rally that hit $248.66 two hours ago. We are currently quoted at $245.45 on BTC-E, $245.12 on OKCoin and $246.00 on BitStamp. The […]

UK Inflation Seen Bordering On Deflation Territory

Inflation has been a huge talking point this year, with central banks around the world cutting interest rates in a bid to stave off the devastating threat of deflation. Lower oil prices have been primarily responsible for tumbling rates of inflation and yet central banks are concerned that it could develop into something more nasty […]

Dollar Bulls Squeezed by European Data

Fed’s normalization data dependent Dollar longs feel the squeeze Eurozone PMIs continue slow recovery EUR bulls break €1.1000 look for €1.1200 The dollar bull has been suffering greatly since last week’s dovish Federal Open Market Committee meet. The market’s conviction that the USD can rally from here has certainly taken a pounding, but they have […]

US Dollar, Pound May Fall as Soft Inflation Dents Rate Hike Bets

Talking Points: US Dollar, British Pound May Fall as Soft CPI Figures Dent Rate Hike Bets Limited ECB Policy Impact to Contain Euro Follow-Through on PMI Data See Economic Releases Directly on Your Charts with the DailyFX News App February’s UK CPI data headlines the economic calendar in European trading hours. The core year-on-year inflation […]

Bitcoin Falls $19 Dollars, Retests $243

Bitcoin fell $19 dollars in today’s trading session. After opening at $262.92 BTC/USD slowly lost ground until it hit a low of $243.29. This ($243.00 to be exact) was the low reached five days ago on March 19th. Since the bounce at $243 we have gained back some ground and bitcoin is currently quoted at […]

Gold – Eyes Firmly on Key $1200 Level

Gold for Tuesday, March 24, 2015 Throughout last week gold has shown some life and reversed by moving strongly off the support at $1150 up to a two week high near $1190 where it is presently consolidating and trading around. It now has its eyes firmly on the key $1200 level however selling pressure from […]

Oil Falls to $55 as Saudis Keep Pumping

Oil prices declined on Monday, holding near $55 a barrel after Saudi Arabia indicated it was now pumping near a record high of 10 million barrels per day, adding to concerns of global oversupply. Saudi Arabia has stood firm on output, saying it would only consider cutting it if other producers outside OPEC also joined. […]

USD/CAD – Loonie Takes Flight Despite Weaker Crude

Canada Retail Sales a bust in January Oil prices not helping the loonie bear BoC’s Poloz credibility on the line later in the week OIS pricing in another BoC cut in the coming months The Canadian dollar is starting off the week on the front foot (CAD$1.2507) and this despite crude prices trading a tad […]

Complete Calendar
Free Expert Advisors by email