Feb 232018
 
CFTC: Beware virtual currency pump-and-dump schemes

Virtual currency regulation was back in the news Thursday, with the Commodity Futures Trading Commission warning investors to steer clear of trading digital currencies and tokens in markets that often contain unlawful behavior. The other news of the day was the continued recovery in the price of …
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Cryptocurrency Tax Evasion, Other Illicit Activity Frequent says CFTC Chair Giancarlo

… at least partially ease the qualms of Daines and other committee members, Giancarlo said he met recently with the head of the Financial Crimes Enforcement Network (usually called FinCen) who assured him there are anti-money laundering processes in place for all virtual currency trading platforms.
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Forexlive Americas FX news wrap: FOMC statement does not rock the market

Forexlive Americas FX news wrap: FOMC statement does not rock the market. Wed 31 Jan 2018 … What are some of the levels in the major currency pairs. … The pair is higher on the day and in the process moved above the 100 hour MA at 108.907, but below the 200 hour MA and 38.2% at 109.51.
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Over 1M Join Waitlist for Robinhood Crypto Trading

While bulls cheer on the continued breakthrough of digital currency trading into the mainstream financial space, skeptics continue to point to recent milestones as indications of a bubble ready to burst. Due to the sticky supply of coins, even the mildest fluctuation in demand for digital currencies has …
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Feb 222018
 
Canada December wholesale trade sales -0.5% vs +0.4% expected

The market has been increasingly sensitive to Canadian economic data lately and this soft reading hits with the loonie already at the worst levels of the day. The personal & household goods sector lagged, falling 3.3%. Home entertainment equipment and household appliances were especially soft in …
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InfoReach Expands FX Functionality

CHICAGO, Feb. 20, 2018 /PRNewswire/ — InfoReach, Inc. (www.inforeachinc.com), a global provider of high-performance multi-asset electronic trading technology for capital markets, announces expanded support for Forex trading on its OEMS platform. InfoReach recognizes the necessity of a …
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BitStation: a Killer DApp For Crypto Social Investing Communities

The BitStation team is a combination of Wall Street program trading technologists, foreign currency specialists and Silicon Valley business elites. Two years ago, BitStation team decided to put their years of technical developments and know-how accumulated in forex foreign currency trading to serve the …
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FOREX-Dollar steadies after bounce, focus on Fed minutes

SINGAPORE, Feb 21 (Reuters) – The dollar steadied against a basket of currencies on Wednesday, having pulled up from three-year lows set last week as traders shaved off some of the bearish bets against the U.S. currency. The dollar index =USD last stood at 89.686, up 1.6 percent from Friday's …
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Feb 212018
 
Gold depressed on USD strength, improved market mood

Gold spot price is trading around 4-day lows just below the 1330 mark, down 1.20% on the day. The yellow metal is seen as the biggest loser of the shift in the market sentiment, with the US Dollar in the green while US stock markets show a mixed picture. US Yields also continue to gain, with the three …
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FxPro Forex Analysis: EURUSD and GER 30 Analysis – February 20, 2018

The EURUSD pair has moved higher to test resistance and create a high at 1.25549. This was marginally above the previous high at 1.25732. When this level failed as support, the market sent price lower through the broken blue trend line around 1.24911. Price action proceeded lower to the next …
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Renewi: In-Line Trading Update

Overall group trading performance so far in the second half has met management expectations. Similarly, each of the four divisions appears to be demonstrating their usual seasonal characteristics, with operational improvements a key focus. At the same time they have also shown an ability to cope with …
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Bitcoin gets back above $10000 on Bitstamp, a more than two-week high

NEW YORK (Reuters) – Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December. On the Luxembourg-based Bitstamp, bitcoin rose as high as $10,095.82 …
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Feb 202018
 
Effective Online Marketing Strategies for New Forex Trading Broker

Forex trading has continued to exceedingly grow and that is not difficult to comprehend. It is one among other few platforms that let you trade without ever closing above having diversified portfolios to venture in. Who would not love to trade in such a market? Moreover, other attributes that have made it to …
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Italian elections: Europe's and the common currency's next big test?

Italy will be heading to the polls to elect a new national government on March 4. This is widely viewed as the common currency's – more widely the eurozone's and Europe's – next major risk event. The result of the elections is far from known, with a number of possible outcomes being at play and …
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Trading the Major's After the US Dollar's CPI-Fueled Rip-and-Dip

In this webinar, we used price action to look at recent moves across the Forex market, using the US Dollar as a focal point as the large portion of our discussion centered around major currency pairs. The Dollar was slammed after yesterday's better-than-expected Inflation report out of the United States, …
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Trade idea of the day: Bitcoin to test $10000?

Previously concerns were that higher regulation would cause a loss of interest in the crypto currency. However, the great regulation is now being seen as a necessity in a maturing market, something that will help attract more investors, creating higher demand. Increased regulation is possibly the only …
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Feb 192018
 
How To Find A Top Rated Broker And Avoid Scams

While starting out as a forex trader working with a broker can be quite helpful. However, it comes with risks as you have to figure out where to find a top rated Forex trader. It is a task finding a broker that is reputable and able to meet your needs. Internet search has made the task a bit easier through …
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US Dollar Smashed After CPI: When Good News Goes Bad

… – The US Dollar saw a quick-spike on the back of yesterday's US CPI report, but that strength was short-lived as sellers came back with aggression to push the Dollar back down towards three-year lows. The total movement from yesterday's high to this morning's low constitutes a -1.7% move in the …
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FxPro Forex Analysis: AUDUSD and USDZAR Analysis – February 15, 2018

The Australian Dollar advanced after labour statistics showed the jobs market down under remained strong. The Australian Bureau of Statistics reported jobs growth of 16,000 against an expectation of 15,300, with the unemployment rate steady at a four and a half year low of 5.5%. Despite Wednesday's …
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Bitcoin extends gains

Earlier, I wrote a fundamental piece about the recent moves in the FX, bond and equity markets, and mentioned that something doesn't quite add up. Well, lucky for me, I am first and foremost a technical trader/analyst rather than a fundamental one. It doesn't really matter what I or you think 'should' …
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Feb 182018
 
Iran targets currency exchanges in efforts to halt rial slide

Iranian police clamped down on foreign-exchange offices while the central bank introduced new measures to encourage bank deposits, as a rial depreciation threatens to push up prices amid growing discontent. The rial reportedly fell to a record low of 50,000 to the dollar during unregulated trading …
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FOREX-Dollar cools despite rising bond yields, hits 15-month low vs yen

As the funds are invested, the primary foreign exchange transaction is the sale of the dollar in exchange for local currency. The increased supply, then sale pushes the price of the greenback lower. The dollar had briefly jumped on Wednesday after data showed U.S. inflation was stronger than expected …
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FOREX-Dollar hits 15-month low vs yen, some see further slide

The U.S. currency later pared some of its losses and was last down 0.4 percent at 106.56 yen. “There's nothing specific, it's just a continuation of dollar selling that we've seen everywhere overnight, said Tareck Horchani, head of sales trading in Asia Pacific for Saxo Markets in Singapore. Traders and …
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BNY Mellon spearheads South Korean FX prime brokerage emergence as international …

Well, South Korea is becoming an area of opening to the world for China's FX liquidity. South Korea and China launched a direct exchange market for their currencies in December 2014, meaning that Yuan can be exchanged directly and then traded in other currencies and against other currencies by …
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Feb 172018
 
WEEKAHEAD-AFRICA-FX-Zambian Kwacha seen gaining, Ugandan shilling losing

The kwacha is likely to gain against the dollar in the coming week as by investors buy the local currency to use in this year's first bond auction, due next Friday. At 1200 GMT on Thursday, commercial banks quoted the currency of Africa's second-largest copper producer at 7.7800 per dollar, up from a …
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Blue Trading Platform: Managed Trading Without the Worry

If last year was the big bang for cryptocurrencies, 2018 will be the same for ICOs, exchanges, and trading platforms. Finding the right one with a solid reputation, good customer support, and fair fees will be a challenge in this ever expanding market. The Blue Trading platform seems to have hit the sweet …
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EUR/USD – Euro Rise Continues on Broad Dollar Weakness

The recent stock market turbulence has triggered volatility in the currency markets, and this is causing concern at the ECB. Last week, ECB President Mario Draghi said that he is more confident that eurozone inflation is moving closer to the Bank's target of just below 2 percent, due to improving economic …
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CME Group January Options ADV Posts Record 4.5 Million Contracts Per Day

The scope of CME's FX Options appears to exhibit positive results. The total ADV for FX Options reached 99,427, representing a YoY improvement of 44%. The currency pair posting the greatest gains in ADV is EURUSD, with a 95% YoY rise to 53,295 contracts per day. The next biggest mover on the list …
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Feb 162018
 
Japanese Crypto Investors Flee Capital Gains Taxation of up to 55%

Some traders have criticized the income brackets chosen by the National Tax Agency, with the top bracket applying to payers with an annual income of 40 million yen (approximately 375,000). By contrast, the top bracket is charged only 20% for income derived from foreign exchange or stock market …
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Plus500 shares soar as the Israeli firm reaps rewards from trading in crypto-currencies

Spread-BETTER Plus500 racked up more than $10 million in profit in a single day as trading in crypto-currencies surged, the firm said today. The December surge in bitcoin triggered a $10.5 million (£7.6 million) profit for the Israeli-based, London-listed firm as the currency headed towards $20,000, …
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FOREX-Dollar reverses earlier gains as equities show resilience

The riskoff trade – that is, the sale of riskier currencies in emerging markets and the Australian and Canadian dollars in favor of safer havens – that investors put on immediately after the CPI release “have come bouncing back, helped by equity resilience,” said Alan Ruskin, global head of currency …
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Trader Charged With Stealing $2 Million in Cryptocurrencies

Consolidated formed a cryptocurrency group in September to engage in currency trading and that same month moved Kim to the unit. Kim had worked as an assistant bond trader for the Chicago-based company, according to the criminal complaint. Kim's crime appears to have started within weeks of his …
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Feb 152018
 
Litecoin Prices Rip Into Resistance Ahead of Hard Fork

Litecoin prices are on pace to post the largest single-day rally since the December record high with the advance breaking above the February opening-range. The rally is now testing near-term downtrend resistance and a breach here would be needed to validate a reversal of the multi-month downtrend.
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FxPro Forex Analysis: Levels to Watch: FTSE and DAX

Despite opening higher, FTSE has so far ignored the bullish sentiment and is trading in negative territory for the fourth straight session. In the 4-Hourly timeframe, the index is attempting to break key support at 7700-7705. A failure here could lead to further declines to the 23.6% Fibonacci at 7670, which …
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Rupee continues uptrend, ends at 63.86 vs dollar

After the overnight rebound, the forex market exhibited some nervous trading movements and swung between gains and losses in the absence of any … The rupee resumed marginally positive at 63.85 against its previous close of 63.88 at the Interbank Foreign Exchange (forex) market on the back of …
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What's the next big opportunity in forex

I love talking about markets with Jarratt Davis because we have the same fundamental bent. In this video, he talks about the big opportunity in the change in the global economy and the market this year. Jarratt is hosting a webinar on Friday and I'll be there too. Sign up here.
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Feb 142018
 
Forex trading tutoring

I am an experienced home-based forex trader. I offer help to those who are interested in archiving making consistent profit trading forex. There is no easy way to be successful in this business. In…
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Stocks trading at session highs. Broad indices trade up 1.8%.

The broader stock indices area up about 1.8% on the day and trading at session highs. The S&P is up 47 points or 1.8% at 2666.65The Nasdaq is up 127 points or 1.85% at 7000. The high reached 7005.49The Dow is up over 500 points (up 516) or 2.11% at 24700. The high reached 24739. The S&P …
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Gold Prices Bounce From Support – More Pain to Follow?

… fill in, and prices pulled back from the bearish move after our third level of support was hit on Thursday morning. As this week's trading opened, that bullish move in Gold prices continued, and we're now seeing resistance show-up at the same prior support that had previously demarcated the neck-line.
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FX Traders Not Convinced that Panic Selling Over

Some currencies like the Canadian and New Zealand dollars extended their losses, albeit modestly. FX traders were initially pleased with the budget deal to reopen the government, but they are not as encouraged by President Trump's budget proposal for 2019 that signalled a disregard for the deficit.
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