Today is Wed, September 3, 2014 3:48:02 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Forex News Top Stories

Bitcoin Hits $465, Huobi’s Offer Sells Out in 1 Hour

After a retest of the $480 figure yesterday, BTC/USD continued the move down and hit a daily low of $465.63. But yet again, prices were bid up from the lows and bitcoin is currently quoted at $480. Bitcoin seems unwilling to let go of the $480 handle. Every dip lower is met with demand by […]

Week in FX Americas – BoC To Remain With Neutral Stance

Canadian growth quickens BoC to be pleased, but not impressed Poloz to remain with neutral stance next week Friday’s data revealed that the Canadian economy accelerated at the fastest pace in nearly three-years in Q2. The usual culprits supported the annualized +3.1% gain between April and June: exports, consumer spending and business investments (an area […]

Gold – Continues to Sit Below Resistance Level at $1290

Gold for Tuesday, September 2, 2014 Over the last week Gold enjoyed a resurgence as it moved strongly higher off the support level at $1275, however over the last few days it has been running into resistance at $1290.  In the week prior, Gold had been falling lower back towards the medium term support level […]

AUDNZD flag follows major breakout

The AUDNZD pair has been showing some signs of a reversal in recent weeks following the break above 1.103. This is showing little signs of letting up and with the flag formation currently in play, I believe we could see further upside. However, with a major resistance level at 1.119, a breakout is required to […]

Australian Dollar Confronts an RBA Decision with Heavy Speculation

Talking Points: Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data Euro Economic Health Fades Further, Investors More Expectant of ECB Australian Dollar Confronts an RBA Decision with Heavy Speculation Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data As far as holiday trading conditions […]

Bitcoin in a Retest of $480 After Break Lower

Bitcoin broke below $480 yesterday. The breakdown lead to quick losses toward $472 and today, the losses continued as bitcoin hit a new multi-day low of $469.47.  From here, the crypto managed to regain some ground and is currently trading at $481 per coin on BTC-E. The retest of $480 in the next few hours […]

Week in FX Europe – ECB not influenced by flash CPI

Geopolitical tension on the rise Euro flash CPI has not changed ECB consensus Italian job numbers break trend Month-end portfolio demand, geopolitical and event risk are all taking a stab at making an impact on forex prices. So far, and not unfamiliar, investors continue to wade through the same contrived trading ranges, but this time […]

Gold – Eases Away from Resistance Level at $1290

Gold for Monday, September 1, 2014 Over the last week Gold enjoyed a resurgence as it moved strongly higher off the support level at $1275, however it ran into a concrete wall of resistance at $1290.  In the week prior, Gold had been falling lower back towards the medium term support level at $1290 however […]

NZDUSD between major support and resistance levels

The NZDUSD pair has been trading in a bearish manner throughout the past month, taking out a number of notable support levels in the process. However, with a long term trend-line having propped up the price over this week, it is going to be key to see how the pair resolves from the current situation […]

Euro Looking for a Lifeline in Inflation Data as ECB Meeting Looms

Talking Points: Euro Looking for a Lifeline in Eurozone CPI Report Ahead of ECB Meeting Australian, NZ Dollars Move Lower as Risk Appetite Unravels in Asian Trade See Economic Releases Directly on Your Charts with the DailyFX News App Augusts’ preliminary Eurozone CPI reading headlines the economic calendar in European hours. The benchmark year-on-year inflation […]

Bitcoin Tests $480 Range Low

Bitcoin is testing the lower end of the large range between $480 and $530. We’ve been talking about this congestion area for the past several days. Today, prices got as low as $481.99 on BTC-E before rebounding. Then BTC/USD had a small rally to hit an interim high of $489.91, only to fall back lower. […]

Bitcoin Flat as Merchant Adoption Continues

Bitcoin is still flirting with the important $500 figure. In the last 24 hours, BTC/USD had a range of only 10 dollars. First prices moved up to $506 only to fall back to $496 by mid-day. Buying one bitcoin will currently cost you $499 on BTC-E. As can be seen on the chart below, BTC […]

Bitcoin Bounces off $500 Again, Hal Finney Passes Away

Bitcoin has yet again bounced off the important $500 mark. Earlier in the trading session, prices got as low as $495.60 on BTC-E. This is the lowest point for bitcoin in the past four days. But BTC was quick to climb back above $500 and is currently trading at $504 per coin on BTC-E. Prices […]

Will Geopolitical Events Trump EUR’s Postponed Downfall?

What will come of the weak EUR bear position holders as the 18-member single unit trades up through the psychological €1.3200 handle? Clouding some of this morning’s price action will be month-end demand but with word that Russian forces have seized a coastal town inside of Ukraine on Thursday morning, geopolitical risk is once again […]

Gold – Moves Up Strongly But Runs Into Wall at $1290

Gold for Friday, August 29, 2014 Over the last few days Gold has enjoyed a resurgence as it has moved strongly higher off the support level at $1275, however it has run into a concrete wall of support at $1290.   In the week prior, Gold had been falling lower back towards the medium term support […]

Eurozone back in focus with further weakness expected

Eurozone weakness provides backdrop of the day Confidence surveys expected to bring further downside Inflation readings arrive ahead of tomorrow’s big release. A somewhat hesitant start to the day expected, following what was a largely flat US session. European markets have been looking towards today as the major driver of market direction, with a whole […]

Euro Looks to German Inflation Report to Power a Corrective Bounce

Talking Points: Euro May Correct Higher if Augusts’ German CPI Data Tops Expectations US Dollar Slumped on Profit-Taking in Asia, 2Q GDP Revision Eyed Ahead See Economic Releases Directly on Your Charts with the DailyFX News App The preliminary set of Augusts’ German CPI figures headlines the economic calendar in European hours. The baseline year-on-year […]

Bitcoin Survey Says 51 Percent Have Heard of it

Bitcoin is still well supported by the round $500 handle. Earlier in the day, prices tried to break lower but after a short move to $498.06, BTC/USD climbed back above the round figure. One coin is currently selling for $506 on BTC-E. Bitcoin is still trading inside the large congestion marked by a low at […]

EUR Demise Supported By Record-Low Peripheral Yields

This Friday cannot come soon enough for some forex market participants. So far this week, investors have been starved for fundamental data to back their currency positions. Many have had to make do with last week’s central bank rhetoric for direction. The currency positioning play has been agonizingly slow to watch and the current market […]

Gold – Trying to Edge Higher from Support at $1275

Gold for Thursday, August 28, 2014 Over the last couple of days Gold has been enjoying a small rally off the support level at $1275 after spend the best part of the last week resting on support there.  In the week prior, Gold had been falling lower back towards the medium term support level at […]

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish