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Forex News Top Stories

British Pound Gains, Yen Falls as Scotland Votes Against UK Secession

Talking Points: British Pound Trades Broadly Higher as Scotland Opts Against UK Secession Japanese Yen Under Pressure as Firming Risk Appetite Sinks Haven Demand See Economic Releases Directly on Your Charts with the DailyFX News App The British Pond outperformed in overnight trade, rising as much as 0.9 percent on average against its leading counterparts, […]

Bitcoin Stabilizes Around $400

Bitcoin is stabilizing around the round $400 figure. In the past 24 hours, BTC/USD had a total range of around 24 dollars, much smaller then the 50 points losses experienced in the days prior. The high was reached yesterday around mid day at $413.99 and the low was hit near the end of the trading […]

Bitcoin Rebounds From Lows, Huobi Launches International Website

Everyone’s favorite cryptocurrency looks set to close in the green after six days of losses. Price reached a daily low of $371 yesterday and since then bitcoin has staged somewhat of a rebound. We are currently trading back above the $400 figure. The rally took BTC/USD to a daily high of $411.45 today, a move […]

Bitcoin Down 14%, Three Theories That May Explain Why

Since our last update yesterday, the losses for everyone’s favorite cryptocurrency have accelerated. Bitcoin broke the previous day’s low at $434 .17 and from here it was down all the way. Towards the end of yesterday’s trading session, prices stalled around the round $400 figure but two hours later BTC/USD broke lower. All in all, […]

Will Scotland Be Penny Wise and Pound Foolish?

It has been a long time coming, but Scottish nationalists finally get to vote for independent statehood today. A “Yes” or “No” win cannot be guaranteed, but rest assured, the market will need to brace itself for some sharp sterling swings no matter the outcome. Rumor, innuendo, and early exit polls will be keeping global […]

Gold – Remains Steady Around $1225

Gold for Friday, September 19, 2014 After finding some support around $1225 for a few days to start this week which saw it rally back close to $1240, Gold has now fallen sharply to its lowest level since Janyary this year.  The next obvious level of potential support is at $1200 which is a long […]

Scots go to the poll as markets brace for volatility

FOMC stays steady, yet timelines show sharp rate path Scottish referendum too close to call. The European markets seem somewhat undecided today, with US and Asian gains pushing minor gains in UK and Eurozone indices. Yesterday’s FOMC meeting provided and element for both bulls and bears to grab hold of and as such, the initial […]

Markets Brace for More Volatility on ECB TLTRO, Scotland Referendum

Talking Points: Franc May Decline if SNB Threatens to Expand Anti-Deflationary Measures Euro Could Bounce as Strong TLTRO Uptake Cuts Stimulus Expansion Bets Pound Volatility in the Cards as Scotland Independence Referendum Looms The FOMC monetary policy announcement fueled sharp volatility across currency markets but this marked just the beginning of a marathon of tectonic […]

Scottish Pride Pounds Sterling

The U.S. dollar remains king. It has risen against a broad basket of currencies for nine consecutive weeks and so far has completed its longest winning streak in 17 years. Will the Federal Reserve end its winning ratio or is it to be a temporary blip before pushing on to greater heights? Many expect the […]

Gold – Rallies to Resistance at $1240, with Eyes on $1200

Gold for Wednesday, September 17, 2014 During the few days of this week Gold has been able to find some support around $1225 and rally up consolidate just below the resistance level at $1240.   To start this week gold reached an eight month low below $1226 after falling heavily over the last few weeks.  The […]

US indices edge higher ahead of FOMC decision

FOMC statement and press conference key today; BoE rate hike vote fails to gather more support leaving only two in favour; UK jobs report shows further improvements in labour market as unemployment falls to 6.2%. All week we’ve been talking about the big risk events for the markets and why they’re weighing on investor sentiment […]

Dollar Checks Back in Anticipation of FOMC Decision

Talking Points: Dollar Checks Back in Anticipation of FOMC Decision British Pound Volatility but Noncommittal After Inflation Report Euro Traders Will React to Fed and then ECB Dollar Checks Back in Anticipation of FOMC Decision This week’s top event risk is upon us. The Federal Reserve’s monetary policy meeting carries deeper meaning than just a […]

Bitcoin Falls Over $20 as Selloff Continues

After breaking the $460 support yesterday, bitcoin continued the leg down. Today prices fell over 20 dollars, from $456 per coin to a daily low of $434. Our article yesterday called for more losses after the important $460 figure gave way. After reaching a daily low of $434 BTC/USD reversed course and rallied almost $15 […]

Scottish Pride Pounds Sterling

The U.S. dollar remains king. It has risen against a broad basket of currencies for nine consecutive weeks and so far has completed its longest winning streak in 17 years. Will the Federal Reserve end its winning ratio or is it to be a temporary blip before pushing on to greater heights? Many expect the […]

Gold – Taking a Breather Just Below $1240

Gold for Tuesday, September 16, 2014 Over the last couple of days to start this week Gold has been able to find some support and consolidate around the $1230 level after falling heavily over the last few weeks to an eight month low below $1226.   The next obvious level of potential support is at $1200 […]

Further risk aversion seen ahead of Fed and Scottish vote

Scottish referendum polls remain neck and neck, uncertainty hits risk appetite; Tomorrow’s FOMC decision adds further uncertainty into the markets; UK inflation falls again in August, but it doesn’t appear to be worrying the BoE. With so many risk events to come this week, investors are understandably risk averse again today, with European stocks tumbling […]

Pound May Pay Little Heed to UK CPI with Scotland Vote in Focus

Talking Points: Pound Unlikely to Find Lasting Fuel in UK CPI with Scotland Vote in Focus US Dollar Volatility Risk Favors the Downside as PPI Report Lines Up Ahead See Economic Releases Directly on Your Charts with the DailyFX News App Augusts’ UK CPI data headlines the economic calendar in European hours. Expectations call for […]

Bitcoin Breaks Lower, More Losses Likely

Bitcoin took out the $460 support yesterday. Initially prices only fell slightly to a daily low of $456 before rebounding to retest $460. But today BTC/USD continued the move lower to hit a new multi-day low of $452.85. One coin is currently selling for $456.88 on BTC-E. Prices are 7 dollars higher on Stamp at […]

Dollar and Sterling Get Direction

Strap in and be prepared for opportunities, as this is a big week for investors and capital markets. Geopolitical events, a few central bank meetings, and the Scottish referendum are supporting the recent uptick to both volume and volatility, especially in the forex asset class. The U.S. dollar remains king, as both the currency and […]

Gold – Breaks Through $1240 to Eight Month Low at $1225

Gold for Monday, September 15, 2014 Gold has fallen sharply over the last few weeks however it found no support from the medium term support level at $1240 and continued lower to finish out last week.  It has now reached an eight month low around $1225 and the next obvious level of potential support is […]

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