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Forex: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend?

Talking Points: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? British Pound: Rate Forecasts Drop Before BoE Decision Euro Traders Ready for ECB President Draghi Commentary Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? Given the S&P 500’s impressive rally and the Dollar’s tumble this […]

Bitcoin Falls $30 After 33% Rally

Bitcoin had another green day. After opening at $344.15 prices rallied to daily high of $381.75, marking a 33 percent rally from the $285 low reached on October 5th. From here BTC/USD fell by 30 dollars to retest the $350 previous resistance now turned support. Given the volatility of the last few days, a $30 […]

Gold – Rallies Higher to $1225

Gold for Thursday, October 9, 2014 For the best part of the last couple of weeks Gold has thoroughly enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215, however a week ago it dropped to its lowest level in 2014 near $1180.  In the last […]

Dollar Bulls Require Patience during Equity Strife

The FX market is again turning its attention to global equity markets for inspiration, as investor moods darken quickly, and everyday bourses test key levels. Risk aversion is maintaining a foothold on sentiment amid concerns that the global economic outlook is worsening. So far in today’s opening European session, equity markets have opened lower following […]

Sell-off continues as IMF downgrades global growth again

Chinese HSBC services PMI falls back in September; IMF growth revisions spark another round of selling; Earnings season may give investors reason to be positive; FOMC minutes could cause quite a stir later. It may have been a bad couple of weeks for the stock markets but it’s clearly not over yet as another sell-off […]

US Dollar Reaches Technical Crossroads as FOMC Minutes Loom

Talking Points: EURUSD faces 13-EMA today, MACD downtrend breakouts? USDJPY barely above 108 – traders noncommittal ahead of FOMC. October Forex Seasonality Foretells End of Seasonal USD Weakness Coincidence or not, various USD-pairs are sitting at important technical levels ahead of the week’s top event risk: the September FOMC meeting minutes. Our attention is heightened […]

Bitcoin Rallies $26, Climbs Back Above $350

Bitcoin is up $26 dollars today. After opening the day at $324, prices had a slow and steady climb back to the $350 area. In our article yesterday, we mentioned that a move to the upside was the more likely scenario. After breaking the weak resistance at $340 prices are currently testing the $350-$360 resistance […]

Gold – Trying to Rally to Back Above $1215

Gold for Wednesday, October 8, 2014 For the best part of the last couple of weeks Gold has thoroughly enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215, however in the last few days it has dropped to its lowest level in 2014 near $1180.  […]

Dollar Rally Cut By EUR Options

With one trading session down and four to go this week, already the mighty U.S. dollar has managed to take a healthy breather on Monday. There were several notable market moves that managed to end up handcuffing the dollar. Precious metals bounced ahead of multi-month lows to record their best day in two months, while […]

Focus on UK with data and BoE survey being released

Mixed start seen with little direction coming from US and Asia; RBA and BoJ unchanged but messages are very different; Yen rallies on warnings from Japanese PM Abe about yen weakness; UK in focus with data and BoE credit conditions survey being released. European futures are pointing to a mixed start to the trading session […]

Aussie Dollar Looking Beyond Status-Quo RBA Policy Announcement

Talking Points: Aussie Dollar Flat as RBA Keeps Rate Setting Unchanged as Expected Swiss Franc Unlikely to Find Volatility in September’s Inflation Report Familiar Sentiments from Fed Officials May Do Little for the US Dollar The Australian Dollar was little-changed after the Reserve Bank of Australia opted to keep its benchmark interest rate unchanged at […]

Bitcoin Mostly Unchanged, BlockChain.Info Raises $30 Million

Bitcoin ended the day mostly unchanged although volatility is still high. After opening at $329 on BTC-E, prices rallied to $337.49, then fell to a daily low of $313.10. From here BTC/USD rallied again, this time to a lower high of $328. We are currently quoted at $331 per coin on BTC-E. Prices are slightly […]

U.S Dollar Confronts Challenges

It’s not unusual to witness a subdued trading session following the release of a U.S. jobs report. While straddling a holiday or two, expect many participants to take some time out and reflect on the dollar’s powerful moves in the third quarter. Investors will be asking after watching the buck soar to such lofty heights, […]

Gold – Fights to Remain Above Key $1200 Level

Gold for Tuesday, October 7, 2014 For the best part of the last couple of weeks Gold has thoroughly enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215, however in the last few days it has dropped to its lowest level in 2014 near $1180.  […]

AUDUSD rebounds on critical historical support level

The AUDUSD pair has finally met some substantial support following over a month of consistent downside. This major support level is likely to be the one threshold which if broken below, could lead to a major sell-off. However, with the positive start to the week today, we could be in for a period of upside […]

Australian Dollar May Extend Early Gains on Firming Risk Appetite

Talking Points: Euro Unlikely to Find Lasing Catalyst in German Factory Orders Report Canadian, NZ Dollars May Follow Aussie Higher on Firm Risk Appetite See Economic Data Directly on Your Charts with the DailyFX News App Currency markets saw a quiet open to the trading week. The Japanese Yen edged higher in a move that […]

Bitcoin Rallies $25 as Sell Wall Falls

Bitcoin rallied 25 dollars today. About 30 minutes after our yesterday article was posted, the 30,000 bitcoins wall fell. A portion of the wall got ”eaten” and the owner removed the rest to avoid further execution of the order. With the threat of selling 30,000 bitcoins of the table, prices rallied almost $20 in the […]

Gold Dips Below $1200 on Sparkling Nonfarm Payrolls

Gold is stable on Monday, as the spot price is at $1194.13 per ounce in the European session. The metal dipped below $1200 following an excellent Nonfarm Payrolls report. It’s a quiet start to the week, with no US releases on Monday. Gold prices dropped on Friday after strong US job numbers. Nonfarm Employment change […]

Week in FX Americas – U.S. Dollar Gets Green Light after Jobs Report

U.S. unemployment rate plummets Fed’s doves and hawks find solace in report Yellen to focus on ‘slack’ in hourly earnings The U.S. dollar ends the week once again the dominant currency. An anemic European Central Bank (ECB) meet and press conference temporarily provided a EUR short squeeze just shy of the weekly highs (€1.2714) on […]

US jobs report expected to spark volatility

Mario Draghi disappoints as ABS takes centre stage Hong Kong fears ease UK services PMI pulls back US jobs report expected to bring volatility. Global markets are looking in a more positive mindset coming into the crucial US jobs report today, as fears surrounding the Hong Kong protests have subsided somewhat. The release of a […]

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