TRYJPY Breaks Out on Thursday October 31 2014

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Oct 312014
 
TRYJPY Breaks Out on Thursday October 31 2014

The TRY/JPY pair broke out during the session on Thursday, eclipsing the 49.50 … yen is in exactly the first thing you think of when you start trading Forex. … After all, this is a currency pair that tends to fluctuate with risk appetite, …
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Asian Currencies Climb This Month After Biggest Slide Since 2012

An index tracking Asian currencies rose this month, rebounding from … 2012 in Hong Kong offshore trading after global use of the currency climbed to …
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Here's Why a Free-Floating Ruble Will Matter to Investors

As early as today, the central bank likely will abandon a system that requires the currency to trade within a fixed trading band, after spending $68 …
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EM ASIA FX-Solid US growth supports Asia FX; won down on intervention fears

State-run banks also bought the currency, although traders doubted if the demand was related to central bank intervention. The official Jakarta …
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Solid US growth supports Asia forex; won down on intervention fears

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Oct 312014
 
Solid US growth supports Asia forex; won down on intervention fears

The rupiah gained, with most government bond prices higher. State-run banks also bought the currency, although traders doubted if the demand was …
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RBS sets aside $639 million for currency probe

RBS sets aside $639 million for currency probe … fines arising from international investigations into alleged manipulation of foreign currency trading.
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Ex-UBS Trader Defense Could Be Threat to U.S. Forex Cases

Currency traders from London to Singapore seeking to escape the clutches of U.S. prosecutors may get help from the first banker to contest charges in …
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RBS sets aside $639 million for potential fines arising from currency trading probes

LONDON — Royal Bank of Scotland, which is majority-owned by the U.K. government, has set aside 400 million pounds ($639 million) to cover …
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RBS reserves £400m for currency probe

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Oct 312014
 
RBS reserves £400m for currency probe

Investors welcomed the improving performance for the bank, sending shares up 3.4% in early trading in London to 375.8p, valuing RBS at £41.8bn.
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Goldman Sees Russia Ending Easy Ruble Short-Seller Trade

Currency traders who have been taking advantage of the Russian central bank's predictable market interventions are about to find making money a lot …
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Yuan in Hong Kong Set for Biggest Monthly Advance in Three Years

The yuan is poised for its biggest monthly gain since 2011 in Hong Kong offshore trading after global use of the currency climbed to a record and on …
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South Korea Plans to Start Won-Yuan Direct Trading in December

China started direct trading between the yuan and the Singapore dollar this week, after last month making the euro exchangeable for its currency in …
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AUD/USD Doji Suggests Hesitation From The Bulls In Intraday Trade

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Oct 312014
 
AUD/USD Doji Suggests Hesitation From The Bulls In Intraday Trade

AUD/USD has witnessed a lackluster response to a Bearish Engulfing formation casting some doubt over the potential for a pullback. Yet the proximity …
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Forex Market: EUR/NOK daily trading forecast

Yesterday's trade saw EUR/NOK within the range of 8.4391-8.4932. The pair closed at 8.4537, losing 0.26% on a daily basis. At 7:41 GMT today …
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The Dow Jones: The Significance of 17000 points

If you're a regular Money Morning reader, you may recall the article I wrote on 29 August. That's when I warned you that my initial analysis indicated …
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Energy Stocks Could Power Your Portfolio

Those days brought a real sense of freedom. We could spend our days hooning around on our bicycle — and if the light had fresh batteries, we could …
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ForexLive Asia FX news wrap: A day of waiting for the BOJ … then … BOOM!

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Oct 312014
 
ForexLive Asia FX news wrap: A day of waiting for the BOJ … then … BOOM!

Very little movement on the currencies in the Asian timezone today; EUR, GBP, CHF confined to tight ranges; all just a fraction lower for the session.
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Any trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow …

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time …
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Colombia holds rate, next move depends on data

But the Central Bank of Colombia, which has raised its rate by 125 basis points from April through August, added that the terms of trade were declining …
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Daily FX Trading Update: USD Returns Wins after GDP Release – Oct 31, 2014

The US dollar gave back some of its recent FX trading gains even though the US GDP reading was stronger than expected. The economy grew 3.5% …
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FTSE 100 steady in early trade

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Oct 312014
 
FTSE 100 steady in early trade

The bank has also set aside £500m to cover the potential costs of an investigation into currency trading. Royal Dutch Shell fell 0.5% after its latest …
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Currency trading: How I turned $100 000 into $1m-plus in 30 days – Joburg auditor

Shrewd currency trades based on big news events were the winning moves for a Johannesburg auditor who won Standard Bank Webtrader's first …
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Big Banks Brace for Penalties in Probes

The investigations into allegations of improper behavior by currency traders have been looming over banks for months. But, in recent days, some U.S. …
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(Interview) Why You Should Consider This $5-Trillion-a-Day Market (Part I)

As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI's currencies expert, Jim Martens, discusses the pros …
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USDCAD: Forex Technical Analysis October 30, 2014

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Oct 312014
 
USDCAD: Forex Technical Analysis October 30, 2014

It is explained by the slow recovery in oil prices, which are now traded at $81 per barrel … Here we consider the given currency pair on the H4 chart.
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Barclays sets aside $805 million in rigging probe

Britain's Financial Conduct Authority is conducting a currency trading investigation that could have broader shockwaves than Libor, as it goes to the …
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GBP: Currency Index & Volatility

The British currency traded in a rather calm environment during the October 22-29 time period, even though sometimes it managed to either gain …
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FX Trading Portfolio: Sell NZD/SEK

The dovish tone weakened the SEK by roughly 0.7% in trade-weighted terms. In light of Riksbanken's larger-than-expected move yesterday, we …
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How to spot a market bubble

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Oct 312014
 
How to spot a market bubble

Traders who correctly identify an asset bubble – or markets with “frothy” valuations – and subsequently time their trades in and out of this asset class …
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Barclays Takes $800M Provision Related to Forex Probes

Fellow investment megabank UBS AG announced a $1.8 billion provision on Tuesday within a division that handles forex trading, among other …
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Forex Trading Education: Anticipating the forex story from the price action

In this forex trading education video, I explain and show how to anticipate the “other stories” that make you think “HMMM”. It involves looking for key …
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Stock Market Report 30th October

By HY Markets Forex Blog … The yen weakened against the US dollar on Thursday, trading around 109 yen, boosting gains for the nation's exporters.
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The Bizarre Story Behind Today's Sudden Ruble Rally

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Oct 312014
 
The Bizarre Story Behind Today's Sudden Ruble Rally

If currency traders believe higher rates might succeed where foreign exchange have failed in stemming the outflows, which have so far seen over $86 …
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Yuan claims a bigger share of reserves

Hong Kong/Singapore – Central banks from Asia to America are adding the Chinese currency to their portfolios as growing trade ties and a flurry of …
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Forex Currencies Update Today – Currency Shares FXB, FXC, FXA, FXS, FXE, FXY, FXF

Currency Shares British Pound Ster exchange traded fund (NYSE: FXB) traded at $158.42. This currency share traded -1.05 percent below its fifty-day …
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ITG Integrates Triton EMS with State Street's FX System

… traders to use the firm's EMS system to tap into State Street's currency book of … pricing and netting capability across multiple funds and currencies.
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Kraken Launches Bitcoin-Yen Trading in Japan

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Oct 312014
 
Kraken Launches Bitcoin-Yen Trading in Japan

… Kraken accounts with their national currency. Bitcoin-euro trading (XBT/EUR) has been available in Japan since Kraken opened in September 2013 …
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Citigroup Legal Costs Jump as Currency Probes Accelerate

The probes into allegations that traders rigged foreign-exchange benchmarks could cost banks as much as $41 billion to settle, Citigroup analysts led …
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Institutional FX Provider, Hotspot, Priced at $300 Million as KCG Looks to Bag a Good Buy

Leading market making firm, KCG Holdings (KCG), is believed to be searching a buyer for its currency trading unit, Hotspot. Bloomberg reported that …
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KCG reports loss, says could sell Hotspot FX trading venue

The $5.3 trillion-a-day foreign exchange market has been the focus of a … KCG, which trades equities, fixed income, currencies and commodities …
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