Oct 302014
 
Forex Trading Guide: US Q3 Advanced GDP

Ready for our usual Forex Trading Guide routine? Let's take a look at why this event is important, what happened last time, what's expected this time, …
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Forex: J$112.73 to one US dollar

KINGSTON, Jamaica – The US dollar on Wednesday, October 29, ended trading at J$112.73, up two cents according to the Bank of Jamaica's daily …
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Forex Technical Trading: NZDUSD gets a double shot of selling pressure

First the Fed is more hawkish. Now the RBNZ continues by once again saying that the “currency level is unjustified, unsustainable”. They also omitted …
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Fundamental bias – Yen

First off I'll say my bias has shifted over the past month or so. Well, not shifted as such, but changed from relatively neutral to bearish. The reason?
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Oct 302014
 
Daily Report: USD profit-taking continues

From here, where the Cable trades will be completely dependent on how … of risk involved with trading leveraged products such as forex and CFDs.
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Direct currency trading 'will have far-reaching effects'

A move unveiled yesterday by Singapore and China to allow direct trading of their currencies cements the Republic's status as a yuan trading hub, …
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Oct 292014
 
Forex: Dollar Goes Down As Investors Wait For FOMC Meeting Results

Over the course of yesterday's trading session, the US Dollar lost 0,52% against the currency basket. This happened as the reaction to a decline in the …
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Moscow Exchange to halt FX trading on BKTRUB_TOM from Nov 3, 2014

As of Monday November 3, MOEX participants will no longer be able to trade BTKRUB_TOM, a bi-currency basket, including the US dollar and the …
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AUD/CAD Holding Below Key Resistance Area

In this regard, one currency pair that has caught my eye is the AUD/CAD, which could be on the verge of resuming its downward trend. Although the …
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What Is the U.S. Dollar Actually Worth?

For importers and exporters, it is likely the value of the dollar compared to the currencies of its principal trading partners. For currency traders, it is likely …
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Oct 292014
 
Forex Technical Trading: RBNZ also takes center stage today

The FOMC is not the only central bank in play today. At 4 PM ET, the Reserve Bank of New Zealand is expected to keep rates unchanged. Eamonn …
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Forex Technical Trading: GBPUSD has yet another date with the 1.6000 level post FOMC

The price of the GBPUSD has traded above and below these two level at some point in the last 4 trading weeks. Although relatively speaking the time …
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Forex Technical Trading: USDJPY steps higher after the FOMC

Look for buyers in this area now as traders try to get on the bullish train. Look for the 50% of the move up from the gap to be a pretty solid level to hold …
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Forex Technical Trading: GBPUSD gets close to 200 hour MA and bounces again

It seems that traders were waiting for this level to buy and they came in rather aggressively. The price has bounced to – and through- the 1.6125-30 …
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Oct 292014
 
Why The Myer Share Price Rose Today

… so the stock may be in investors' minds. However, its' more likely that investors are looking for a bargain and think Myer is a trading at a cheap price.
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NZD/JPY Enters Bullish Territory; Upside Limited

Despite entering bullish territory NZD/JPY remains in a long-term downtrend, thus upside is very limited. Traders should view this temporary correction …
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Why JB Hi-Fi Ltd Shares Jumped Today

Shares in electronics retailer JB Hi-Fi Ltd [ASX:JBH] soared by 9% today, racing ahead of a mixed Aussie stock market. Earlier in the session, the stock …
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Moscow Exchange to halt FX trading on BTKRUB_TOM from Nov 3, 2014

As of Monday November 3, MOEX participants will no longer be able to trade BTKRUB_TOM, a bi-currency basket, including the US dollar and the …
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Oct 292014
 
Exclusive: Poland Financial Regulator's Forex Profitability Survey Results Unmasked

“FX and CFDs trading is a zero sum game as is the case with any other derivatives market. It is very difficult to expect substantially different results for …
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FOREX-Dollar slips ahead of Fed decision, rate-hike caution expected

Euro makes gains on USD in slack trade ahead of Fed decision … back of long dollar positions, but the balance in currency portfolios still favors the …
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Fibonacci Retracements Analysis 29.10.2014 (EUR/USD, USD/CHF)

… from retracement 61.8%, I continue holding my sell orders opened earlier. Possibly, the price may try to break a local low during this trading week.
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FOREX-Dollar steadies ahead of Fed, Norwegian crown slips

In European trading the Norwegian crown slipped towards a four-month low against the euro, after data showed Norwegian unemployment surging …
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Oct 292014
 
Top 3 Forex Trading Tips For 2014

When Forex Trading became a reality for the average retail trader, a lot of e-books cobbled up trading advice that made forex trading look like a walk …
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Forex Technical Trading: AUDUSD makes new month highs

The AUDUSD has taken another step higher in trading today, continuing the move away from the consolidation area (see VIDEO from yesterday …
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Trade Idea: USD/CAD – Buy at 1.1080

Although the greenback has fallen again after yesterday's selloff on soft US data and near term downside risk remains for the decline from recent high …
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Forex Technical Trading: Pre-FOMC dollar selling keeps the EURUSD supported

The pre-FOMC selling has the EURUSD moving higher (that and the extension of what was a very narrow trading range). The price of the pair has …
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Oct 292014
 
Greenback Steady As Cautious Traders Await The Fed

It's the calm before the storm: currency traders and investors are keen to hear from the U.S. Federal Reserve on Wednesday for a whiff of a clue as to …
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Top Trade Idea For October 29th, 2014 – AUD/CAD

In this regard, one currency pair that has caught my eye is the AUD/CAD, which could be … Fawad is FOREX.com's technical analyst based in London.
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FinCEN Classifies Virtual Currency Payment Systems and Platforms as Money Transmitters

The letters asked if creating a virtual currency trading and booking platform, which will match buyers and sellers on the platform, and a convertible …
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Forex News Trading Events For The Week of October 27th – 31st.

I've put together some analysis of this week's Forex news events, which I hope will give everyone a good understanding of how I'm viewing the market …
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Oct 292014
 
FX COLUMN-If the betting is on a dovish FOMC, risk is a lower euro

If that expectation is already priced on the foreign exchange market, … The single currency was trading at $1.2730 on Wednesday, just before the Fed …
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Central banks adding Chinese currency

HONG KONG/SINGAPORE – Central banks from Asia to America are adding the Chinese currency to their portfolios as growing trade ties and a flurry …
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TABLE-NSE Currency Futures traded on Oct 29

Oct 29 (Reuters) -The following are details of trades in currency futures on the National Stock Exchange on Wednesday. Summary: Total Traded Value …
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Yuan claims a bigger share of world 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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Oct 292014
 
Forex: The strongest and weakest currencies for October 29, 2014

The forex market – for the 3rd day in a row – is trading in very narrow trading ranges (I guess I should not be surprised). The ranges for the pairs are all …
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Stock Markets Report 29th October

By HY Markets Forex Blog. Asian stocks were seen trading higher on Wednesday before the Federal Open Market Committee (FOMC) releases its …
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Forex Technical Trading: USDCAD dips to trend line support. Data weaker.

The Canada Industrial Product Prices and Raw Material Prices came out weaker than expectations at -0.4% and -1.8% respectively (vs estimates of …
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Gold Little Changed With Fed in Spotlight

By HY Markets Forex Blog … Assets in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust declined 1.8 metric tons to 1,652.1 …
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