Today is Tue, July 22, 2014 10:48:10 GMT
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Forex News Top Stories

Event Risk Trumps Forex Fundamentals

The euro gained on the U.S. dollar and the yen held steady in a thinned-holiday Asian trading session overnight. But as tensions rise between Russia and the West, and the violence in the Gaza Strip becomes increasingly bloody, geopolitical events remain the focal point for investors and all asset classes. The corporate earnings season is […]

AUDUSD rejects resistance and forms bearish engulfing pattern

The AUDUSD pair is trading within a descending triangle formation, which has been respected yet again today with the rejection of a key resistance level. With price action having broken below a short term support, a bearish englufing pattern is pointing towards further downside to come. The four hour chart show that bearish engulfing pattern […]

EUR/USD Breakdown, GBP/CAD, USD/CAD Breakouts Eyed this Week

Talking Points: EURUSD below July 2012-July 2013 TL, needs below 1.3475. GBPCAD and USDCAD still both point to breakouts higher. Reminder that July forex seasonals in QE era work against USD. It’s admittedly another quiet start to the trading week, with fewer than ten economic data releases (including central banker speeches) on the calendar for […]

Bitcoin Goes Nowhere, BTCChina Launches USD Trading

Bitcoin prices are still moving around aimlessly between $600 and $633. Today, the range from high to low was a total of 4 dollars as BTC/USD slashed between $616 and $620. Here is today’s uneventful trading session on BTC-E. Since nothing new is going on at the price front, see yesterday’s roundup for the possible […]

Week in FX Americas – Inflation Concerns Come to the Fore

US consumer sentiment declines Consumer has a balanced view on inflation Canucks take price rise on stride Despite the geopolitical event risk in play, a couple of North American economic releases on Friday gauged consumer sentiment and inflation concerns. In the U.S, the preliminary University of Michigan Consumer Sentiment Index for July declined to 81.3 […]

West TX down to $102.50 with Risk Premium Intact

U.S. crude fell in early Asian trade on Monday after last week’s gains, but oil’s risk premium on oil is likely remain intact amid geopolitical risks in Gaza and Ukraine. U.S. crude fell 25 cents to $102.88 a barrel at 0031 GMT. The contract had settled down 6 cents on Friday, but finished the week […]

US recoup some losses ahead of data

US futures edge higher as geopolitical risk is priced in; Investor complacency raised again after yesterday’s events; UoM consumer sentiment and CB leading indicator in focus. Yesterday’s events in eastern Ukraine and the Gaza strip are weighing on European indices this morning, as investors price in the additional geopolitical risk that comes with both events. […]

Yen May Continue Higher as Geopolitical Jitters Fuel Risk Aversion

Talking Points: Yen May Continue Higher as Geopolitics Drive Risk Aversion Canadian Dollar Advanced Before June CPI Data Overnight See Data Releases on Your Charts with the DailyFX News App The economic calendar is quiet in European hours, with May’s Eurozone Current Account figures the only noteworthy item on the docket. Volatility may be on […]

Bitcoin Weaker on Slow Sunday, Dell Now Accepts BTC

Bitcoin prices are trading somewhat weaker today. On BTC-E, we opened at $618.27. From here we rallied slightly to a daily high of $619.79 before falling back. BTC is now trading at $613.10 per coin on BTC-E and at $625 on BitStamp. The breakout points at $633 and $600 still stand. Every day spent in […]

Bitcoin Ranges, Fallout from NYDFS Proposal Continues

Bitcoin spent all of Saturday trading in an extremely tight range of 4 dollars. The high reached today stands at around $620, the low near $616. Prices are currently sliding on the lower side of that range at $615.80 per coin. BTC is trading quite a bit higher on BitStamp at $628 for one bitcoin. […]

No Yellin’ – EUR, GBP, JPY Ready to Breakout?

After many months of low forex volatility, one gets the distinct impression that the worst is probably behind us, and that there are a few signs emerging that would suggest that the main forex pairs are on the cusp of a major breakout. Dealers and investors require movement for opportunity and are just itching for […]

Gold Steady Ahead of Key US Numbers

Gold is trading just shy of the key $1300 level on Thursday. In the European session, the spot price stands at $1299.07 per ounce. On the release front, it’s a busy day with three key events, Building Permits, Unemployment Claims and the Philly Fed Manufacturing Index. Federal Reserve Chair Janet Yellen concluded two days of […]

Eurozone CPI looks to dominate an otherwise quiet session

Yellen pulls back from micro commentary Time Warner bid shows M&A market continues to boom Potential second corporate default brings risk off view to China Eurozone CPI expected to dominate European session.. European markets are looking a little downbeat despite a fourth day of growth in Asian stocks. That being said, with yesterday representing one […]

Bitcoin Reverses Most of Post-NYDFS Gains

Bitcoin reversed most of the gains clocked in the aftermath of the NYDFS regulation announcement. Prices fell from yesterday’s daily high at $622.99 to a low of $612.51 today. We are currently trading just shy of the figure at $615.20 per coin. Here’s the reversal on BTC-E. After the initial euphoria, a slow realization about […]

Euro Looking for a Lifeline in Revised June Inflation Data

Talking Points: Euro May Rise if June’s Inflation Reading is Revised Upward Yen Gains as Aussie, NZ Dollars Fall on Fading Risk Appetite See Data Releases on Your Charts with the DailyFX News App A revised set of June’s Eurozone CPI figures headlines an otherwise lackluster economic calendar in European trading hours. The benchmark year-on-year […]

Bitcoin Jumps as NYDFS Proposes New Rules

Bitcoin is again flirting with the important $600 figure. Earlier today, prices got as low as $606.10 on BTC-E. From here, bitcoin bounced and was back to trading above $615 few hours later.  One coin is currently going for $616.90 on BTC-E and at $622 a piece on BitStamp. The $633 and $600 brakeout points […]

EUR Heavy Handed While Loonie Bulls Stand Ready

On day one of her congressional testimony Janet Yellen said very little that was new to the Senate Banking Committee. The Federal Reserve chief cited ongoing slack in the U.S. jobs market as a concern and she put the emphasis back on the data ‘dots’ with one of her comments of +1% rates at the […]

Oil Rebounds After US Inventory Decline

West Texas Intermediate oil advanced from a two-month low as U.S. crude inventories fell. Prices also rose after China’s economic growth exceeded forecasts. U.S. crude stockpiles declined by 4.8 million barrels last week, the American Petroleum Institute was said to have reported yesterday. The Energy Information Administration is projected to report that supplies fell by […]

GBPJPY find support on yet another fib

The GBPJPY pair has been trading in a fairly straightforward manner since breaking out of a triangle formation back in mid-June. With key fibonacci levels having held up well in the past, signs are that we could be watching the pair move into the next step higher today following a strong bout of buying yesterday. […]

British Pound Rallies on Inflation Report, Will Jobs Data Curb or Amplify?

Talking Points: Dollar Advances on Yellen Commentary but Checked by Risk Waver British Pound Rallies on Inflation Report, Will Jobs Data Curb or Amplify? Euro Eyes 1.3500 as Equities Slide, Bond Yields Slowly Gain Dollar Advances on Yellen Commentary but Checked by Risk Waver Technically speaking, the US Dollar is in the middle of an […]

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