Today is Tue, May 26, 2015 15:13:44 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Forex News » Top Stories

Oil Steady on Muted Trading

Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude LCOc1 gained 53 cents to $65.90 a barrel by 1750 GMT (01:50 p.m. EDT), after touching an intraday low of $64.72. U.S. crude CLc1 […]

Gold – Continues to Consolidate Above $1205

Gold for Tuesday, May 26, 2015 Over the last week gold has slowly but surely drifted lower back to the key $1200 level where it is presently consolidating above. In the week prior gold enjoyed a solid week surging to a three month high above $1225 before returning most of those gains easing back to […]

US Dollar Gets the Green Light from Fixed Income

Thin trading conditions dominate Greece: No “moola” for the IMF Rising prices makes Fed hike timing difficult Fixed income looks to September for first hike Over the past few weeks dollar bulls have been trading with their backs against the wall, pressured by the spike in global sovereign bond yields, and the unknown timing of […]

Euro Drops on Spain Election Outcome, Yen Down After Trade Data

Talking Points: Euro Declines as Spanish Election Results Hint at Parallels with Greece Yen Lower as Japan’s Trade Report Tops Forecasts, Boosts Risk Appetite See Economic Data Directly on Your Charts with the DailyFX News App The Euro underperformed in overnight trade, falling as much as 0.2 percent on average against its leading counterparts. The […]

Bitcoin Retraces Gains, Forum Hacked

Bitcoin can’t catch a break. Today the cryptocurrency retraced most of the gains made during the past 4 days. After peaking out at $243.63 in yesterday’s trading session, today BTC/USD fell to a low of $237 flat before stabilizing somewhat. About two hours ago we had another retest of $237 with prices trading as low […]

Oil Edges Higher on Asian Demand

Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. Front-month Brent crude prices were up 6 cents at $65.43 per barrel at 0045 GMT. U.S. crude prices were also up 6 cents at $59.78 a barrel. “Global oil demand continues to surprise to the upside, […]

Gold – Creeping Back Towards $1200

Gold for Monday, May 25, 2015 Over the last week gold has slowly but surely drifted lower back to the key $1200 level where it is presently consolidating above. In the week prior gold enjoyed a solid week surging to a three month high above $1225 before returning most of those gains easing back to […]

Canada’s April Inflation Slowest in Two-Years

Canada’s inflation rate last month was the slowest since October 2013, falling below the central bank’s target band on a drop in energy costs. The consumer price index rose 0.8 percent in April from a year ago after March’s 1.2 percent pace, Statistics Canada said Friday from Ottawa. The core rate, which excludes eight volatile […]

Euro to Look Past German IFO Survey, US Dollar May Fall After CPI Data

Talking Points: Euro Unlikely to Yield Follow-Through on German IFO Survey Outcome US Dollar May Decline Even if US CPI Data Tops Economists’ Forecasts See Economic Data Directly on Your Charts with the DailyFX News App The German IFO survey of business confidence headlines the economic calendar in European trading hours. The forward-looking Expectations index […]

Bitcoin Hits New Multi-Day High

Bitcoin hit a new multi-day high today. After opening at $239.63 we slowly climbed higher until the evening session pushed prices to $243.63. This is a new 12-day for BTC and we got within striking distance of the previous swing high at $247.07. We hit new highs on other exchanges as well. On OKCoin spot, […]

Bitcoin Ends Steak but Still Below Resistance

Bitcoin ended a 4-day winning streak today but prices continue to trade not far from an important resistance level. After opening at $241.20 BTC/USD first rallied to hit a new multi-day high at $242.88. But the fresh highs were soon met with heavy selling and by the end of day BTC closed at $239.63. Overall, […]

Bitcoin Strings Together 4 Days of Gains

With another close in the green, bitcoin managed to string together 4 positive days in a row. Mind you, the gains are relatively small at 30 cents, $1.07, $1.53 and $6.19 dollars today. Still this is a massive improvement from the completely flat market we’ve been having this month. In addition, the gains seem to […]

Oil Rises After US Inventory Drop and Iraq Turmoil

Oil rose for a second day on Thursday and briefly reached $66 a barrel, supported by expectations that a global supply glut is starting to ease and by fighting in Iraq. The U.S. government’s supply report on Wednesday showed crude inventories declined for a third week. Stockpiles had been at record levels due to excess […]

Gold – Support From $1200 Remains Firm

Gold for Friday, May 22, 2015 Gold enjoyed a solid week last week surging to a three month high above $1225 towards the end of last week, however it has since returned most of those gains easing back to and enjoying support from around the key $1200 level. A couple of weeks ago gold enjoyed […]

Dollar Deflated by Fed Expectations and Eurozone Data

Fed: more talk and more data No June rate hike has the dollar under pressure European PMIs mixed, fragile recovery expected K. retail sales supports sterling There was nothing groundbreaking revealed yesterday in the April Federal Open Market Committee (FOMC) minutes. Market price action would suggest that it was an uninspired event ticking off most […]

Euro Losses on Soft PMI Data May Be Offset By ECB Meeting Minutes

Talking Points: Euro May Look Past Soft PMIs as ECB Minutes Dent Stimulus Expansion Bets US Dollar Corrects Lower as FOMC Minutes Fail to Boost Rate Hike Outlook See Economic Releases Directly on Your Charts with the DailyFX News App May’s preliminary set of Eurozone PMI figures headlines the data docket in European trading hours. […]

Bitcoin Edges Higher by 1 Percent

Bitcoin edged higher by 1 percent in today’s trading session. After opening at $233.77, BTC/USD slowly moved higher until it peaked at $237.28. one hour ago. We are currently trading not far from the highs at $236.30. We saw  similar move higher on OKCoin. Here prices are quoted at $235.68 on the spot exchange and […]

Oil Rises on Lower Inventories and Strong Japanese GDP

Crude oil prices bounced back on Wednesday from steep falls in the previous session as industry data showed that U.S. crude stocks fell more than expected last week. Brent futures LCOc1 rose 92 cents to $64.94 a barrel by 1431 GMT, after touching $65.02 earlier in the session. U.S. crude prices CLc1 rose 74 cents […]

European Open – BoE, Fed and ECBs ELA in Focus

European indices are expected to pare yesterday’s gains early in the session on Wednesday having received no real direction from Wall Street or Asia overnight. Investors are also eyeing minutes from the latest Bank of England and Federal Reserve meetings today, as well as the latest European Central Bank decision on its emergency liquidity assistance […]

Fed Minutes Eyed, Rate Hike Chatter Ensues

Rate divergence trade trends again ECB in direct conflict to “trade of a lifetime” FOMC minutes to provide direction for dollar supporters BoE not worried about deflation The rule of thumb is that central banks prefer not to be seen as interfering with markets unless they are out of sync with fundamentals or preventing policies […]

Complete Calendar
Free Expert Advisors by email