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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Feb 132018
 
Elliott Wave Webinar: USD Index May See One More Dip

USD Index has increased a little last week. Prices may pivot soon one more dip towards US Dollar weakness. The video above is a recording of a US Opening Bell webinar from February 12, 2018. In today's US Opening Bell webinar, we discussed key markets using Elliott Wave Theory such as (and not …
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Infinitech Trading presents software to automatize trading process in cryptocurrency and other …

Infinitech Trading is a dedicated company that offers software and other products to automatize the process of decision making to maximize the profit in the cryptocurrency and another financial market while reducing the margin of error. The New York-based company provides profitable Forex and …
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Test Analyst/QA Analyst – FX – Trading Systems – Settlements

Test Analyst/QA Analyst – FX – Trading Systems – Settlements. Test Analyst/QA Analyst required to join a leading FX post trade financial services organisation. This role is based in Canary Wharf and pays £350 – £380 per day. You will be responsible for writing and executing test plans for an FX platform.
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Stifel Upgrades Vans, Timberland Owner VF Corp. Before Q4 Report

The 14-percent upside reflects strength in U.S. wholesale, Europe and direct-to-consumer sales, as well as environmental factors and modest growth in the forex market, Duffy said. “While our estimates are ahead of consensus, we believe a number of our fiscal 2019 model inputs are conservative,” Duffy …
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Feb 122018
 
US Dollar Index (DXY) Forecast: Could The Stage Be Set For a Rally?

The US Dollar Index (DXY) appeared to be on a one-way course as it continued to aggressively fall through most of 2017 and the start of 2018. However, on January 25, after tapping 88.43, we have seen a bounce that has aligned with the global risk-off move. Now, the DXY is looking to rise for the …
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Dollar Higher on Improved Treasury Yields

The US Dollar eased away from the recently struck 3-year trough after rising yields on US Treasury instruments encouraged some buyback of the Dollar. Nonetheless, market players remain wary of the greenback's outlook. One FX strategist in London believes that the Dollar's bounce is not likely to be …
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The CHF is the strongest and the CAD is the weakest as NA traders enter

As the North American traders enter for the day, the CHF is the strongest currency, while the CAD is the weakest. … What we are also seeing is the averages for the last 22 trading days (red line in the chart below) are getting higher in the new trading year. That is good for trading the forex market.
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Australian dollar boosted by jobs figures

Activity of FIBO Group, Ltd. Company is regulated by the Financial Services Commission (FSC), registration number of the licence: SIBA/L/14/1063. Trading on Forex market implies serious risk including the risk of loss of all the funds invested. Please, take into account that trading on the forex market isn't …
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Feb 112018
 
Japanese crypto exchange says $400 million in currency lost

Coincheck said earlier it had suspended all withdrawals, halted trading in all tokens except bitcoin, and stopped deposits into NEM coins. “We are looking into the facts surrounding Coincheck,” Japan's Financial Services Agency said in a statement. The disappearance likely ranks among the biggest …
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Busy Day for Bitcoin, Ethereum and Ripple

Ethereum, the second-largest digital currency by market cap, traded about 6 percent lower, near $1,104. Ripple plunged more than 9 percent to $1.15. Some experts have attributed the fall to the US regulators' ramping up scrutiny of one of the world's largest virtual currency exchanges. They also …
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Why Crypto Traders Are So Worried About Tether

It's one of the most hotly debated questions in the world of virtual currencies: Is Tether telling the truth when it says that each of its digital tokens is backed by one U.S. dollar? News on Jan. 30 that American regulators are scrutinizing the company has given fresh ammunition to the skeptics.
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Dollar dashboard 2018: Blinking red

LONDON (Reuters) – The struggling dollar is on track to post its biggest monthly decline in nearly two years as investors ramp up bets that likely higher U.S. interest rates wouldn't support the … But are markets being too quick to price the dollar as the consensus short trade in currency markets for 2018?
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Feb 102018
 
Canadian Dollar Rate Forecast: CAD Taps 2018 Low After Employment Miss

Traders should be salivating when a move like we've recently seen in USD/CAD develops. In short, after tracing out a bullish falling-wedge pattern, the price has retraced 61.8% to a 2018 high (low-point so far for CAD) at 1.2665 after a key employment data number showed the most jobs albeit, part-time …
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AUD/USD Elliott Wave Analysis Shows 3 Year Pattern Ended Last Week

AUD/USD Elliott Wave analysis shows a three-year pattern completed on January 31. This suggests the price trend has shifted from up to down for the next several weeks and month. Our 2018 AUD/USD forecast included a smooth start and rough finish. We were anticipating a mild break higher above …
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Dow 30, USD/CHF Technicals: February 09, 2018

The US 30 index attempted to rally on Tuesday but spent Wednesday and Thursday forming a Head-and-Shoulders pattern that triggered in the final hours of yesterday's session. This is shown on the chart with the head and shoulders tops marked in red boxes and the neckline in blue. As the market …
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Automatic stay of legal proceedings against Global Brokerage ends

The action is brought on behalf of a putative class consisting of all persons and entities who purchased or otherwise acquired publicly traded FXCM securities from March 15, 2012 to February 6, 2017. The complaint alleges that FXCM misled its clients, investors and the regulators by claiming that the …
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