Dec 312017
 
RBA: Market response to December rate decision – Westpac

Analysts at Westpac, notes that the FX and rates market response to today's … with the RBA appearing more sanguine on the level of the currency.
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EU trade chief Malmstrom: EU is aiming to have a post-Brexit trade accord with the UK

EU trade chief Malmstrom: EU is aiming to have a post-Brexit trade accord … Founded in 2008, ForexLive.com is the premier forex trading news site …
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ISM New York business conditions for November 58.1 versus 51.6 last month

This is limited reaction in the forex market. … feature leading edge technical analysis charting tips, forex analysis, and currency pair trading tutorials.
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Rupee trades lower against US dollar

Mumbai: The Indian rupee on Tuesday erased all the gains and was trading marginally weaker against the US dollar ahead of the decision of Reserve Bank of India's (RBI) bi-monthly policy. At 2.10pm, the home currency was trading at 64.40 a dollar, down 0.05% from its Monday's close of 64.38.
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Dec 302017
 
Gold Technical Analysis

In the start of today's trading, and with the markets back to work after the holidays, gold had a better chance in achieving more gains, reaching to $1279 an ounce, the highest price for the metal in 3 weeks. Gold is moving within an upward channel, as shown on the daily chart, but within tight ranges, even …
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EUR/USD Quiet Christmas Week Trading

The EUR/USD daily Forex chart in is a 5-month trading range that is nested within a 3-year trading range. The 3-week rally has several reversals and bars with prominent tails. It therefore looks like another leg in the 2-month range. It will therefore probably reverse within a week. It would then form either …
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Multi-family Office Founder, Chairman Attributes Hedge Funds to Crypto-correction

… the whole market fluctuates 20% to 30%, and now that there are so many more hedge funds in the space, you can see higher fluctuations, and this is not a market correction,” he said. “We will absolutely rally back because everybody else has bought crypto until now…except for the Forex Traders and …
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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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Dec 292017
 
Technical Analysis – USDCAD shifts to bearish bias as it breaks below 2-month range

Breaking below this support area would set up the market for a re-test of the September 8 low of 1.2061. It remains to be seen whether the recent rebound from 1.2061 was merely a corrective move before the market resumes the downtrend from 1.3793. Momentum is bearish and trend strength is muted.
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Few important lessons on Forex trading

Numbers of people are finding numerous ways to make extra money as there seem to be no end for the economic struggle. Many people are very much attracted towards in dealing with the Forex market. The reason behind this is Forex market run round the clock and hence people work during the day …
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New Year, New Name: RoboForex Transforms to RoboMarkets

“RoboMarkets defines itself as multi-asset broker and provides access to more than 8,700 trading instruments in seven types of assets classes. … a trend across the retail trading industry, which has seen other brokerages undergo rebranding to diminish the misconception of only providing FX products.
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EUR/USD Analysis

In the start of this week's trading, and after the holiday break, the EUR/USD advanced towards the resistance at 1.1873 at the time of writing, after closing last week's trading at the 1.1816 support level. The victory of pro-independence parties in the recent Catalonian elections brought back political fears …
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Dec 282017
 
South Korea may shutdown crypto-currency exchanges amid speculation 'frenzy'

Seoul/Hong Kong — Bitcoin resumed its tumble on Thursday after South Korea said it was eyeing options that include a potential shutdown of at least some crypto-currency exchanges to stamp out a frenzy of speculation. South Korea has been ground zero for a global surge in interest in bitcoin and …
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Bitcoin value in freefall as South Korea launches crackdown on the cryptocurrency

New rules announced by South Korea, which is said to account for 20 per cent of all Bitcoin transactions, are being brought in to fight money laundering. The country plans to forbid anyone from opening anonymous accounts and to shut down virtual currency exchanges, the Telegraph reports. “Officials …
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Bitcoin Drops as South Korea Says It Could Close Exchanges

Bitcoin resumed its tumble on Thursday after South Korea said it was eyeing options including a potential shutdown of at least some cryptocurrency exchanges to stamp out a frenzy of speculation. South Korea has been ground zero for a global surge in interest in bitcoin and other digital currencies as …
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South Korea Launches Cryptocurrency Task Force to Spearhead Regulations

In addition, the punishment level for multi-level crimes involving digital currency transactions will be greatly increased, the publication detailed. “We will make regulations for the protection of investors rather than making virtual currency exchange regulations,” the finance minister said at the meeting.
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Dec 272017
 
Tuesday's Forex Update: AUD/JPY

AUD/JPY has been rising inside the 4-hour Up Channel chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Up Channel at the 5-bar level – which is the result of the slow Initial Trend (one bar), below-average Uniformity (4 bars) and higher Clarity (6 bars).
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PBOC sets yuan midpoint at 6.6113 vs 6.6166 close yesterday

We provide real-time forex news and analysis at the highest level while … analysis charting tips, forex analysis, and currency pair trading tutorials.
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Market Live: Sensex falls 175 points, Nifty below 10100, power, metal stocks top losers

9.15 am IST Rupee opens higher against US dollarIndian rupee strengthened marginally against the US dollar tracking gains in the Asian currencies market. The rupee opened at 64.34 a dollar. At 9.15am, the home currency was trading at 64.31 a dollar, up 0.10% from its Tuesday's close of 64.38.
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UPDATE 1-Rouble firms, shrugs off increased state FX purchases

“The market was generally ready for higher FX purchases by the finance ministry,” said Sergey Romanchuk, chief trader at Metallinvestbank in Moscow. The finance ministry, which started buying dollars and other foreign currencies for its coffers in early 2017, said it will buy a total of 203.9 billion roubles …
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Dec 262017
 
Mexico's peso falls again despite currency hedge auctions

The peso slumped to its lowest level since mid-March against the dollar due to concerns over inflation and the potential impact on Mexico of new U.S. corporate tax cuts. Mexico's central bank sold an additional $500 million in foreign exchange hedges on Tuesday to support the peso amid economic …
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Bitcoin technical analysis: Trades back above 200 hour MA

… also been able to climb back above the 50% retracement at $15412.96 AND the key 200 hour MA (green line). at $15596.84. Last week, the 200 hour MA was broken and turned the bias more bearish. The move back above now, is more bullish for the digital currency. That is also a risk level for longs.
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UPDATE 2-Mexico peso stays under pressure despite currency hedge auctions

MEXICO CITY, Dec 26 (Reuters) – Mexico's central bank sold an additional $500 million in foreign exchange hedges on Tuesday to support the peso amid uncertainty over the economic outlook, though the measures provided only fleeting relief for the currency, which fell further. The peso has slumped to …
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Forex technical analysis: USDCAD moves below lows from last week

Looking at the 5-minute chart below, the price has moved back below the 1.2700 level, and the lows from last Thursday and Friday at the 1.2697 area. The low for the day has traded to 1.26908 and more recently at 1.2693. Staying below the 1.2700 level will be more bearish in the near term.
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Dec 252017
 
GBP was the key mover on Friday; NZD remained little changed from the NZ close at around …

The NZD remained little changed from the NZ close at around 0.6840, capping off an uneventful week where the currency traded in a less-than 1-cent range, never trading outside 0.6820-0.6920. The AUD managed to stay above 0.75 all day, threatening to break lower a couple of times before finding …
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Ride The Bitcoin Wave Without Owning The Currency

Ride The Bitcoin Wave Without Owning The Currency … Many retail investors do not know how to invest in bitcoin or other cryptocurrencies, while many would like exposure but do not wish to gamble in the exchanges. … As such the value of a share is usually trading between 7-15% the price of bitcoin.
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Bitcoin SHOCK: Russia backs cryptocurrency in bid to DODGE US sanctions

Moves to replace the US dollar “greenback” against oil trading have taken off in recent weeks. In November, a $25billion yuan-rouble swap marked a potential turning point for oil trading, as Russian prime minister Dmitry Medvedev said the two countries were working on using their own currencies in …
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New step for Bitcoin's wild ride: Futures trading

The U.S. Commodity Futures Trading Commission, which certified bitcoin futures for trading, acknowledged the unprecedented step taken by the Chicago Board Options Exchange. Bitcoin “is a commodity unlike any the commission has dealt with in the past,” CFTC chairman J. Christopher Giancarlo …
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Dec 242017
 
NZD/USD Price Forecast November 23, 2017, Technical Analysis

I think that we are going to make some type of significant decision in this pair over the next several days, but I think the odds are that we continue to fall, as there are a lot of things weighing the New Zealand dollar down. Not the least of which is a reasonably soft commodity market, and of course Federal …
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Bitcoin cash skyrockets 80%, breaks above $4000

Coinbase said traders would be able to buy and sell the digital currency ” once there is sufficient liquidity” on the GDAX exchange, which is owned by Coinbase. Bitcoin cash was created on August 1, when Hong Kong-based digital currency exchange Bitfinex said a group of bitcoin miners would be …
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Coinbase Halts Bitcoin Cash Over Insider Trading Probe

The insider trading probe was revealed by Coinbase co-founder and CEO Brian Armstrong. He says that the company is looking into volatile trading of the virtual currency shortly before and after its launch on the website. Armstrong notes that Coinbase has strict confidentiality policies and doesn't allow …
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Rupee rises 20 paise to hit 3-month high on BJP's poll win

The domestic currency had lost yesterday 20 paise to end at 64.24 a dollar on a day that saw the home unit plunging by as much as 70 paise in … In cross-currency trades, the rupee continued to rule firm against the pound sterling and ended at 85.70 from 85.81 per pound and hardened against the …
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Dec 232017
 
Barnier says EU has strong solidarity with Ireland

It has warned it will veto moves in trade talks if it's not satisfied. … Founded in 2008, ForexLive.com is the premier forex trading news site offering …
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Germany's Steinmeier calls for joint meeting with Merkel and Schulz next week

Jury still out but euro bulls backing a positive solution still. … edge technical analysis charting tips, forex analysis, and currency pair trading tutorials.
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Rupee skids from 3 week high to 64.70, down 12 paise

Retreating from a three-week high, the rupee today depreciated by 12 paise to close at 64.70 a dollar due to renewed demand for the US currency. A sharp uptick in the US dollar demand from importers and banks amid rising prospect of Fed rate hike by the end of this year largely dominated trading …
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Positive Data From Germany Supports The Euro

Trader activity remains low today due to the holiday in the US and considerable attention given to Black Friday sales. Positive news for the single currency came from the report on the German business climate from Ifo, according to which, the indicator grew in November to 117.5 compared to 116.6 …
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Dec 222017
 
Forex – A New Service Available on the Cinkciarz Platform

Forex transactions include currency trading, but also commodities and stock market indexes. The new service provides financial news, expert analyses and educational materials as support. Users are protected against having a negative balance in their Forex account. Conotoxia Ltd. is the provider of …
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Goldman bearish on US Treasuries market in 2018

NEW YORK (Reuters) – Goldman Sachs (NYSE:GS) analysts said on Friday they are bearish on the $14.2 trillion U.S. government bond market in 2018, prompted by their expectations that the Federal Reserve would raise U.S. interest rates above what the market has priced in. The analysts wrote in a …
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RoboForex Changes Trading Conditions of Crypto CFDs

RoboForex has announced several changes to the trading conditions of their cryptocurrency CFDs. The company initially launched trading on digital currencies back in September, with the goal of adapting to the growing demand for Bitcoin and Ethereum. Fast forward to the present, and the online …
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Ethereum, Ripple And Litecoin Have Arrived on Bloomberg Terminals

Financial data firm Bloomberg has added three new cryptocurrencies – ethereum (ether), Ripple (XRP) and litecoin – alongside bitcoin on its Terminal service. According to a Fortune report, sources said the addition of the new price data is aimed at forex traders seeking to explore the new instruments.
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