Forex Trading Signals – December 15, 2017

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Jan 102018
 
Forex Trading Signals – December 15, 2017

Euro/Dollar sees consistent results across the table, as it has exactly 5 neutral studies in the short, mid and long-term, and they indeed are in line with the less than 8% long interbank. The Cable also has neutral signals prevailing in all three time ranges, with 6 neutral studies in the short-term, 5 in the …
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Pound Sterling Exchange Rate Forecast: Will GBP Climb if EU Gives Green Light to Brexit Trade …

The Pound to Euro (GBP/EUR) exchange rate rallied by over half a cent yesterday following the European Central Bank's policy statement. Sterling dipped mildly following the BoE report, but during the ECB statement it was the single currency's turn to depreciate. Traders appeared to react negatively to …
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Brian Gaynor: The minefield of digital currencies

This digital currency trading activity has been executed on 168 exchanges, according to coinmarketcap.com. The cryptocurrency market has the ingredients of a roaring bull market with massive price increases, huge trading volumes, a proliferation of trading exchanges and the creation of several new …
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EM ASIA FX-Most Asian FX restrained by cautious sentiment, rupee rallies

The Indonesian rupiah and the Philippine peso were trading flat after their central banks kept their key interest rates unchanged, as expected. On Thursday, Indonesia's central bank said future policy decisions would depend on inflation and a stable rupiah currency amid rate rises by the U.S. Federal …
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US Commodities Regulator Proposes Definition for Cryptocurrency 'Delivery'

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Jan 092018
 
US Commodities Regulator Proposes Definition for Cryptocurrency 'Delivery'

As late as October, the agency said that it was still weighing the issue in light of the prevailing lack of clarity since 2015, and the process was perhaps triggered in part after a $75,000 fine was issued to digital currency exchange Bitfinex and the subsequent petition from U.S. law firm Steptoe & Johnson …
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Loonie rises but pares some gains after manufacturing data disappoints

The currency gave up some of those gains after dovish remarks by Poloz in a subsequent interview. U.S. crude prices gained 0.6 per cent to US$57.4 a barrel, supported by a pipeline outage in the North Sea. Oil is one of Canada's major exports. At 9:18 a.m. ET, the Canadian dollar was trading at …
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US derivatives watchdog publishes exemptions for virtual currency trades

The U.S. derivatives watchdog on Friday published draft legal guidance outlining the basis on which retail virtual currency trading would be exempted from complying with its rules. The proposed legal interpretation issued by the Commodity Futures Trading Commission (CFTC) should ultimately see …
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Market

However, given that Zimbabwe is in close proximity to other major African countries, it could be the case that this recent upheaval in Zimbabwe threatens the stability of other countries which trade with Zimbabwe, especially if there are economic changes in the works. This may cause Forex investors to …
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India and Thailand risk being added to US currency watch list

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Jan 082018
 
India and Thailand risk being added to US currency watch list

A trade surplus with the US of $20 billion or more. A current-account excess of at least 3 percent of GDP. Net buying of foreign currencies amounting to at least 2 percent of GDP over a 12-month period. China and Korea were the only two emerging markets on the list at the last semiannual report last …
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Weird Discrepancies at Brokers With Bitcoin Trading

We are inundated with offers from Forex CFD brokers and Spread Betting brokers who recently listed Bitcoin. Many of these Forex brokers are promoting to investors “the ability to invest” in Bitcoin, Ripple, Ethereum, etc.. The problem is that you are going to be trading bitcoin, not actually investing in a …
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CFTC Launches Virtual Currency Resource Web Page

The Commodity Futures Trading Commission (CFTC) today launched a virtual currency resource Web page, cftc.gov/bitcoin. This dedicated page is a central repository for Commission-produced resources about virtual currency, and is designed to educate and inform the public about these commodities, …
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Another Major Agency Wants to Regulate Bitcoin Because it's Growing So Fast

Bitcoin has jumped more than 1,700 percent in 2017, captivating everyone from retail investors to Hollywood celebrities. The digital currency has advanced 82 percent this month alone, a rise fueled by the CFTC's decision to allow bitcoin futures to begin trading on exchanges run by CME Group Inc. and …
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The next few weeks will be crucial for Bitcoin

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Jan 072018
 
The next few weeks will be crucial for Bitcoin

2017 has been huge for Bitcoin. At the start of the year, the currency was trading for about $900 per coin. It bumped along, hitting $1,000 in February, before beginning its huge rally in late November that took it all the way up to $19,000, before crashing back down to $10,000. Following a rally in the last …
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Tech companies, banks lead indexes lower in afternoon trade

THE BITCOIN TRADE: The price of bitcoin was up 13 percent to $15,696, according to the tracking site CoinDesk. The price of the digital currency slumped as much as 30 percent on Friday. Bitcoin futures on the Cboe Futures Exchange were up 12 percent to $15,710. The futures allow investors to make …
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Is It Only About Taxes? Bitcoin Spreads Explained: Expert Blog

The flash crash wiped out $210 bln from the virtual currency markets. It bankrupted a South Korean virtual currency exchange after it was hacked for the second time. It halted trading at several virtual currency and futures exchanges including the Chicago Mercantile Exchange (CME) and the Chicago …
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CFTC Chairman Giancarlo Statement On Virtual Currencies – CFTC Also Releases Backgrounder …

Since then, the CFTC has taken action against unregistered Bitcoin futures exchanges, enforced the laws prohibiting wash trading and prearranged trades on a derivatives platform, issued proposed guidance on what is a derivative market and what is a spot market in the virtual currency context, issued …
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FTSE to end 2017 on a high

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Jan 062018
 
FTSE to end 2017 on a high

The UK's top share index hit a new record on the final trading day of 2017, carried higher by a buoyant mining sector and strength among health stocks.The blue chip FTSE 100 .FTSE index was up 0.1 percent at 7,633.56 points by 0931 GMT, while mid caps .FTMC gained 0.1 percent. Friday is a …
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Nigerian capital market rising from ruins of recession

Instability in foreign exchange rate, at the beginning of the year, negatively impacted on the market at the time, as many foreign investors exited. The market remained fragile until April when the Central Bank of Nigeria (CBN) introduced the Nigerian Autonomous Foreign Exchange Market (NAFEX) …
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Forex technical analysis: EURUSD can't break the ceiling. Backs off.

Forex technical analysis: EURUSD can't break the ceiling. Backs off. … About Us. All the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.
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FxPro Forex Analysis: Total Crypto Market Cap Hits New All-Time Highs

The total market capitalization of all cryptocurrencies made new all-time highs of over $700 Billion. The growth in the overall market cap has been boosted by rises in altcoins as demand for Bitcoin (BTC) has been waning recently. Although the mainstream media continues to report on Bitcoin, there is a …
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Exclusive: Sudan to devalue pound currency to 18 per dollar in January: finance minister

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Jan 052018
 
Exclusive: Sudan to devalue pound currency to 18 per dollar in January: finance minister

CAIRO (Reuters) – Sudan is to devalue its currency to 18 Sudanese pounds per dollar in January from the current exchange rate of 6.7, Finance Minister Mohamed Othman Rukabi told Reuters on Tuesday. The devaluation would encompass the customs exchange rate and take place under the 2018 …
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AUD/USD analysis: bullish, challenging key resistance

The Aussie found support in rising equities, as gold and oil outperformed other assets in thin trading. Australian market will open back after a long holiday, but the macroeconomic calendar will remain empty this Wednesday. The pair held above the 50% retracement of its October/December slide, …
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ABC 123 Gets CySEC License, Prepares Boutique Brokerage

The firm states that it has multiple liquidity provider data streams, and brokers don't need to modify their existing trading applications. … Recently, the ESMA has published a communique that is outlining the concerns that national regulators have when retail forex and CFDs trading is mentioned.
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Daily Currency Outlook: GPB/JPY And EUR/JPY : December 29,2017

Trading in spot Forex and CFDs is speculative and involves a high degree of risk. In particular, because it will be conducted using margin (which covers only a small percentage of the value of the foreign currency traded), price changes in spot Forex or CFD can result in significant losses. Therefore …
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Is Currency Exchange International Corp's (TSX:CXI) Growth Strong Enough To Justify Its …

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Jan 042018
 
Is Currency Exchange International Corp's (TSX:CXI) Growth Strong Enough To Justify Its …

Currency Exchange International Corp (TSX:CXI) closed yesterday at CA$25.49, leaving some investors asking whether this price can still be justified by the high growth potential. Let's take a look at some key metrics to determine whether there's any value here for current and potential future investors.
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Forex Broker Pepperstone now offers Bitcoin, Ethereum, Dash and Litecoin Trading

Pepperstone is the latest best forex broker to join the growing list of traditional forex traders who are peppering up their portfolio by adding CFDs on major digital coins. Some of them, such as eToro, have gone a step further by expanding their instrument list with trading in real alt-coins and special …
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Canadian Oct trade balance CAD -1.47bln vs -2.7bln exp

Canadian Oct trade balance CAD -1.47bln vs -2.7bln exp … edge technical analysis charting tips, forex analysis, and currency pair trading tutorials.
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Forex Morning Briefing: Bitcoin

The action begs the Q: was that a false break reversal or a break in market structure? If Bitcoin now goes on to take out the next Key resistance between $15000 and $15800 then it would confirm that this was a false break and thus a Bullish reversal signal. But, if there is acceptance below the $12700 …
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What's the Big Deal? A Day in the Life of a Forex Dealer

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Jan 032018
 
What's the Big Deal? A Day in the Life of a Forex Dealer

Retail traders only account for a very small portion of the total turnover on the FX market, which is dominated by government and interbank transactions. All of the activity on the forex market is dependent on one group of people, and it's not the smartly-dressed traders making a noise on the trading floor.
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US stocks dip on first day of post-holiday trading

The iShares Core US Aggregate Bond ETF, the world's biggest exchange-traded fund that tracks the fixed income market, nudged 0.1 per cent higher. In currency markets, the South African rand rose 0.7 per cent against the dollar to hit its strongest level since March as investors continued to cheer Cyril …
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Dollar index firmer as volumes thin ahead of holidays

The cost for banks to borrow short-term dollar funds from other banks surged to its highest level since 2012 as financial institutions scrambled to secure funding before thinning trading volumes. The cross currency basis swap “is moving in the U.S. direction as people seek funding to cover them through …
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US stocks opening higher. The Dow and S&P are at record highs.

Corporations benefit from lower tax rates and the US is closer to tax reform … Founded in 2008, ForexLive.com is the premier forex trading news site …
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Makor Group Establishing a Crypto Currency Brokerage Desk for Institutional Clients

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Jan 022018
 
Makor Group Establishing a Crypto Currency Brokerage Desk for Institutional Clients

To that end, Makor has very recently announced a partnership with Legolas Inc to create a crypto-currency exchange which will enable Hedge Funds, venture capital funds, banks or any other institutional clients to trade all cryptocurrencies in a trusted environment. Makor Group CEO Michael Halimi said …
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Some trading opportunities for short-term with the upcoming data-dump coming up today [Video]

HIGH RISK Investment Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite …
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Coinbase Halts Litecoin, Ether Trades as Prices Spike

Digital currency startup Coinbase says it paused trading for litecoin and ethereum, a move that came amid a period of heightened price action around both cryptocurrencies. According to a message posted to its mobile app, “litecoin and ethereum buys and sells are temporarily disabled. We apologize for …
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The SEC just halted trading of The Crypto Company — whose shares have soared 17000% in 3 …

The US Securities and Exchange Commission has temporarily suspended trading of securities of The Crypto Company, a California-based firm whose … The Crypto Company touts itself as “one of the first publicly traded technology companies in the digital currencies and blockchain sector, offers a …
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Conning Acquires 45% Stake in Global Evolution

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Jan 012018
 
Conning Acquires 45% Stake in Global Evolution

Investment management firm Conning ($120 billion) is acquiring a 45% stake in emerging and frontier market specialist investment manager Global Evolution … “We will absolutely rally back because everybody else has bought crypto until now…except for the Forex Traders and the day traders in the …
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XTB Board Member Sheds Light on Turkish FX Market as Uncertainty Grows

Polish online trading brokerage X-Trade Brokers has been back and forth in its future plans for operations within Turkey. … While the move was clearly put in place to protect retail investors, it also dampens the appeal of the FX and CFD market by reducing the potential profits (and losses) that can be …
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Dollar Steadies in Light Trade

The US Dollar steadied in Tuesday trade, despite much of the developed world having closed financial markets due to Boxing Day celebrations. Analysts concur that with most major markets shut today, clear direction on any particular currency will be difficult to ascertain. On the other hand, in the US, the …
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FOREX -Dollar index flat in light trade, bitcoin rebounds

Currency trading volume was light as London and many major financial centers remained closed after the Christmas holiday. “The market is going to be quiet for the balance of the week,” said Jason Leinwand, chief executive officer of FirstLine FX Currency Strategy in Randolph, New Jersey.
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