Feb 282018
 
FOREX-Euro climbs as traders eye political risk, cenbank speeches

LONDON, Feb 26 (Reuters) – The euro gained on Monday as a fall in U.S. Treasury yields dragged down the dollar, but trading was relatively quiet ahead of several speeches by central bankers and key political developments in Germany and Italy. With the dollar's bounce since it hit a three year-low on …
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Japanese Yen Trading On A Stronger Footing In The Asian Session

Japanese Yen Trading On A Stronger Footing In The Asian Session … In the Asian session, at GMT0400, the pair is trading at 106.56, with the USD trading 0.14% lower against the JPY from Friday's close. The pair is expected to … The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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Dollar Remains the Weakest One after Mixed Economic Data

According to a major FX settlement services provider CLS, activity in FX trading surged at the start of the year. CLS's average daily traded volume rose to USD 1.8T in January, 24% up from a year ago, and 15.6% up from December. In the four days from February 5 to 8, volume jumped a further 14% over …
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Elliott Wave Forecast for Gold, Silver, and Yen Paint Bullish USD Picture

Elliott Wave Forecast for Gold, Silver, and Yen Paint Bullish USD Picture. Feb 19, 2018 12:10 pm -08:00. Jeremy Wagner, CEWA-M. by Jeremy Wagner, CEWA-M, Head Forex Trading Instructor. Swing trading, chart patterns, breakouts, and Elliott wave. Connect via: Gold prices continue to press near …
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Feb 272018
 
Rupee up 6 paise against US dollar in early trade

Mumbai: The rupee strengthened by 6 paise to 64.67 against the dollar at the forex market on Monday on fresh selling of the American currency by exporters and banks amid strength in domestic equities. Dealers said dollar's weakness against other currencies overseas and early gains in domestic …
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Pound Rises On Hopes For A Post-brexit UK-EU Trade Deal

The pair is expected to find its first resistance at 1.4036, and a rise through could take it to the next resistance level of 1.4074. Going ahead, traders would look forward to UK's BBA mortgage approvals data for January, slated to release in a few hours. The currency pair is trading above its 20 Hr and 50 …
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Cryptocurrency: To do or not to do?

But self-professed expert in forex trading, Michael Amushelelo, who runs his training academy called Forex International Training Academy in Windhoek, is adamant that the “real deal” is that governments fear cryptocurrency because unlike money that is in the bank, they cannot see how much one has, …
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CFETS and NEX launch CFETS FX2017, trading platform for the Chinese FX market

NEX (LON:NXG), a financial technology company at the centre of the global markets, announced that it has partnered with China Foreign Exchange Trade System (CFETS), China's interbank market trading platform and infrastructure provider, to launch 'CFETS FX2017′ (FX2017), a next-generation …
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Feb 262018
 
Crude Oil Price Forecast: IP Week Kicks Off With Bullish Oil Outlook

The Bears time in the sun may soon be setting. After a nice pull-back alongside the rest of global risk assets in early February, the options market and multiple demand-side views are dominating the market with a bullish outlook continuing for Crude Oil.
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USD/JPY – Yen Edges Lower in Thin Holiday Trade

The yen enjoyed a banner week, as the currency climbed 2.5% this week. This marked the strongest weekly gain since July. Nervous investors continued to snap up the safe-haven yen, as stock markets across the globe continued to show volatility, draining risk appetite. On Friday, the dollar dropped …
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RoboForex ups MT5 trading platform leverage to 1000x

RoboForex, the Belize-based unit of the Retail FX brokerage group, has announced new trading conditions that are now available in MetaTrader 5 platform. Starting today, traders have an opportunity to benefit from the increased leverage values in MT5 web terminal. New conditions are also applied to …
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Trading in Forex with Your Mobile Phone

Smartphones have changed the way we do business. These days, there are many merchants who make at least 50% of their trade online, while away from your PC whether you're traveling, heading to work, waiting for your attention at the bank, or generally away from home. The common factor between …
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Feb 252018
 
Venezuela Preparing to Launch Petro Cryptocurrency

President Nicolas Maduro hopes the country's own digital currency will help it to make financial transactions and get around Western sanctions. … With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting …
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Cryptocurrencies Could Fall to Near-Zero at Any Time

“Don't put in more money than you can afford to lose.” Buterin added: “If you're trying to figure out where to store your life savings, traditional assets are still your safest bet.” Cryptocurrencies have recovered slightly from a severe sell-off which saw the market lose as much as $100 billion in market value …
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Forex – The 3 Things I'm Watching this Week

With U.S. markets closed for Presidents Day and most of Asia off for Chinese New Year, it was no surprise to see quiet trading in the FX market. The U.S. dollar, which was hit hard last week rebounded against the Japanese Yen and consolidated against other major currencies. At the start of the NY …
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Bitcoin Breaks $11000 as Recovery Continues

The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since January 30, according to CoinDesk's bitcoin price index, which tracks prices from four major cryptocurrency exchanges. On Monday, bitcoin was trading below $11,000, at $10,789, at around 9:30 a.m. …
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Feb 242018
 
Huge 24 Hours For The Currency Trade!

As you know, our whole report goes out each evening to clients and Free Trial subscribers. Enjoy our Fundamnetals below. But please register for a Free Trial of 1 or all 5 of of our Blue Line Express daily commodity reports in order to get all of our great insight; techinicals, fundamenals and our propietary …
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Bitcoin is down 45% this year — but that's not what's worrying cryptocurrency exchanges

The cryptocurrency markets are awash in a sea of red, but that's not a concern for one of the oldest cryptocurrency exchanges. Bitcoin has had a terrible start to the year. The digital currency, which gripped the world's attention when it soared close to $20,000 a coin in December, is down 45% since the …
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USD/CHF jumps to fresh session tops, closer to mid-0.9300s

Even a modest retracement slide around the US Treasury bond yields did little to prompt some fresh selling, with the USD price dynamics acting as an exclusive driver of the pair's uptick at the start of a new trading week. Traders now look forward to the release of US ISM non-manufacturing PMI, …
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Draghi: too early to call time on money-printing stimulus

European Central Bank head Mario Draghi says it's too soon to declare victory over weak inflation — indicating it's too early to set a definite end date for the bank's money-printing stimulus despite a strengthening economy. Draghi's statement Monday prepared for a session of the European parliament in …
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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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