Today is Fri, August 29, 2014 16:47:16 GMT
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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 […]

Futures edge higher after another record breaking session

US futures are pointing marginally higher on Wednesday, on what is expected to be a fairly quiet session. They’re not getting much direction from Europe, where indices are treading water, which is something we also saw in Asia overnight. It’s looking a little light on the economic data front, which may explain why we’re not […]

Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000

Talking Points: Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000 Euro Sinks as Market Rate Slides to Record Low USDJPY Climbs for a Seventh Straight Day Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000 Where were the balloons? The S&P 500 marked yet another milestone in its line of records by […]

Bitcoin to Continue Downtrend Says Citi

Nothing new on the price front for everyone’s favorite cryptocurrency. Bitcoin rallied to a high of $517.85 today but toward the close BTC/USD fell back down to the $510 figure. We are still trading well inside the $50 range mentioned in our daily roundup yesterday. Until we break either of these extremes, prices will likely […]

EUR Shorts Hanging Tough For Now

With the U.K. markets back online today after a holiday long weekend, playing catch-up is the order of the day. European credit markets are trading firmer this morning despite the non-rapturous applause in Asia that saw the Nikkei, Shanghai Composite Index, and Hang Seng Index close in the red after some quick profit-taking on the […]

Gold – Sellers Placing Great Pressure on Support at $1275

Gold for Wednesday, August 27, 2014 Over the last week now Gold has been falling lower back towards the medium term support level at $1290 however to finish out last week it fell sharply down to the previous key level at $1275.  In the last 24 hours gold has surged higher but run into the […]

Markets calm down following Draghi driven boost

European market moderately pare yesterday’s gains Yellen unsurprisingly fails to deliver at Jackson Hole Mario Draghi dominates affairs, following dovish Jackson Hole speech Slow day for European data. European markets are expected to tread water today following a particularly strong start to the week yesterday. The unexpectedly dovish speech from Mario Draghi late on Friday […]

US Dollar Eyeing Durable Goods, Consumer Confidence Data to Fuel Rally

Talking Points: Japanese Yen Rebounds as Nikkei 225 Decline Boosts Safe-Haven Demand US Dollar Eyeing Durable Goods, Consumer Confidence Data to Fuel Gains See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen outperformed, rising as much as 0.2 percent on average against its leading counterparts. The move lower tracked […]

Bitcoin Forms Range, Pantera Capital Invests in Korean BTC Exchange

Bitcoin has formed a range around the $500 round figure. In the past six days, prices moved inside this 10 percent wide corridor. The highest high on BTC-E stands at $528.92, the lowest low is at $483.03. Today BTC rallied 9 points and is currently quoted at $510 per coin. A break of the high […]

Dollar Hawks Look to Swoop Down on EUR Doves

A sleight of hand, a change of heart, and central bank policymakers are about to change the rulebooks on monetary policy. To date, the forex market has been cocooned by a Group of 10 low rate monetary policies resulting in a low volume, low volatility trading landscape. It would seem that the squeeze is on […]

Gold – $1275 Level Stays True to Form

Gold for Tuesday, August 26, 2014 Over the last week now Gold has been falling lower back towards the medium term support level at $1290 however to finish out last week it fell sharply down to the previous key level at $1275 which is where it is presently sitting and consolidating.  A couple of weeks […]

Yellen speech headlines quiet end to the week

Yellen speech headlines quiet end to the week; Bernanke-esque hints should not be expected today; Draghi scheduled to speak but expectations of QE hints are low; No economic data today as the week comes to a quieter close. European indices look set to open relatively unchanged on Friday, as investors ignore the lead coming from […]

USDOLLAR in at 6-Month High after Jackson Hole; USD/CHF Hits Target

Talking Points: USDOLLAR Index at highest level since 2/7/2014. USDCHF opens week in 0.9160/89 target zone. US Dollar strength in August shouldn’t surprise – it’s a seasonally strong month. The Jackson Hole Economic Policy Symposium has yielded bullish results for the US Dollar, which isn’t necessarily a surprise given the recent strength of the US […]

Bitcoin Stable, MtGox Ex-CEO Launches Web Hosting

Bitcoin is trading stable, hovering around the $500 mark. In the last 24 hours, the cryptocurrency swinged 10 points below this level to $490 and 10 points above to hit a daily high of $510. Bitcoin is currently trading at $499.30 on BTC-E. Prices are slightly higher on BitStamp at $503.79 per coin. Here’s how […]

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