Politics trumps economic performance when it comes to currency market movements

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Mar 112018
 
Politics trumps economic performance when it comes to currency market movements

There's plenty to keep the currency markets busy right now – both economically and politically – and we could see some marked exchange rate movement in either direction. Fight for flight for the US Dollar – in response to US and global political activity and also in the US Dollar's capacity as a “safe …
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A snapshot at the start of the NA session shows EUR is the strongest, NZD is the weakest.

The snapshot of the major currencies at the start of the NA day shows the EUR has taken over as the strongest currency on the back of a more hawkish statement from the ECB (before Draghi). … All the pairs are below their 22 day average trading range, with the USDCAD getting near it's average.
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Gold and Silver Trading Down to New Euro Lows as ECB Cuts 42 Words on QE

GOLD and SILVER TRADING in London's wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the … But the Euro gold price fell steeply as the single currency jumped in frantic FX trading, dropping beneath €1066 per ounce for the first time since …
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Monero Price Takes a big Beating Amid Market Turmoil

It is not a fun day to be a cryptocurrency holder, but we have to take the good with the bad at all times. Every single major market is in the direct right now, and things will not improve today, by the look of things. Even though the NEM price is an exception, it seems that is the only top currency with a …
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What are the best Forex brokers and how to choose the right one?

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Mar 102018
 
What are the best Forex brokers and how to choose the right one?

Indian Forex brokers are mostly unregulated, as trading any currency pair that does not contain INR (Indian Rupee) in it is outlawed. Similar story goes with the surrounding countries. Best Forex brokers in Sri Lanka and top Forex brokers in Bangladesh have been operating without the local licenses, …
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Atlanta Fed GDPNow 1Q 2.5% vs. 2.8% last

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 2.5 percent on March 9, down from 2.8 percent on March 7. The nowcast of first-quarter real consumer spending growth fell from 2.5 percent to 2.2 percent and the nowcast of first-quarter …
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US AM Digest: US Dollar Struggles to Gain Despite 'Goldilocks' Jobs Report

Another 'goldilocks' jobs report for the US economy has left the US Dollar listless following a bout of volatility this morning. Despite a dramatic +313K headline Nonfarm Payrolls figure for February, wage growth remains tepid, coming back in at +2.6% from +2.9% last month. With the drop in wage …
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What You Need to Know About Bitcoin

Here's one: First, open an account online at a digital-currency trading platform, called an exchange. Coinbase (www.coinbase.com) is one of the biggest. You can store or spend your bitcoin from that account. If you must buy a cryptocurrency, invest only what you are willing to lose, and prepare for a wild …
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Uber shakes up loan market

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Mar 092018
 
Uber shakes up loan market

Looking to raise $1.25B in the leveraged loan market, Uber is eschewing banking advisors, and instead making direct approaches to investors. Industry vets can't remember the last time an issuer sought to raise that large of an amount on its own. Uber last went to the leveraged loan market in 2016, …
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High-flyer goes to ground after alleged fraud charges

He started making excuses about returning the R30000 she had invested in his forex trading venture. He is alleged to have also failed to return R2500 that Jacobs had given to him to buy sandals for a shoe business she had started in her hometown. The Star has seen a Whats- App exchange in which …
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FxPro Forex Analysis: EURUSD and GER 30 Analysis – February 26, 2018

… steep angle suggests it may be broken sooner rather than later. It is currently located at 12375.0. A break of this line would target 12212.4 and 12096.5. The 12000.0 presents a level of support quite a distance from the current price level and a retracement to this area would worry many bullish traders.
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USD/JPY the prime mover so far in trading today

USD/JPY the prime mover so far in trading today. Mon 26 Feb … The yen is once again the focus of trading in Asia, with an early tumble transforming into a decent rally ahead of the European session later. … The greenback is the weakest performing major currency on the day at the moment. All eyes will …
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German coalition decision among events that may shake the euro – Forex News Preview

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Mar 082018
 
German coalition decision among events that may shake the euro – Forex News Preview

A rejection by the SPD, on the other hand, is likely to exert downward pressure on the world's most traded currency pair, as uncertainty heightens and the probability for early elections rises dramatically. An unstable political situation in Germany would also diminish the likelihood that a Franco-German …
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Can US Consumer Put the Bid in the Dollar?

It's been another quiet night of trade in the FX market marked mainly by risk aversion flows that saw all high beta currencies sell off as both Nikkei and Dax dropped by more than 1%. With equities in the doldrums, the Aussie slid the furthest hitting a low of .7711 in early European dealing with the move …
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Gold Shrugs as US Services PMI Beats Expectations

In North American trade, the spot price for an ounce of gold is $1335.14, up 0.15% on the day. On the release front, the … Kenny writes a daily column about current economic and political developments affecting the major currency pairs, with a focus on fundamental analysis. Kenny began his career in …
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Bitcoin Plunges Below $8000 As Credit Cards Ban Purchases

The digital currency fell below $8,000 on the news that more and more financial institutions are refusing to allow Bitcoin transactions. Bitcoin's roller coaster ride in the market has been mostly negative in 2018 as countries and banks crack down on its use and have imposed new regulations on its trading …
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Weekly Forex Trade Setups Ideas by Nial Fuller – February 19th to 23rd, 2018

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Mar 072018
 
Weekly Forex Trade Setups Ideas by Nial Fuller – February 19th to 23rd, 2018

Last week, the EURUSD moved higher as price rebounded following a decline to 1.2200 area the previous week. Notice the false break of key resistance (failed breakout) up near 1.2520 that occurred last Friday, this could lead to a pullback this week as this is a formidable resistance level having given …
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Boeing Continues To Fly Higher Despite Bumpy Conditions

And as we can see from the weekly chart the major correction in the primary indices has had a relatively 'muted' impact on the longer term bullish trend, and whilst the stock price did indeed spike lower, the price was relatively contained as BA traded in a range of $30 before closing as a doji candle.
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US Dollar Prints Bull Pennant Ahead of Powell, US Data

… – The US Dollar is nearing the end of what's been a really strong week, coming on the heels of last week's sell-off that produced a fresh three-year low on Thursday night. But after that low, a bullish engulfing candlestick showed-up on Friday's price action, and that strength has continued throughout …
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UK's Investment Association Demands Transparency on 'Last Look' FX Trades

The British Investment Association is calling on banks and brokers to provide greater transparency when they give reasons for pulling out of an FX trade at the last moment. As it currently stands, fund … The FX trading market in London averages a daily turnover of over $2 trillion. The sheer size of the …
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US Markit Feb services PMI 55.9 vs 55.9 exp

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Mar 062018
 
US Markit Feb services PMI 55.9 vs 55.9 exp

Move along folks. Nothing to see here. Slight down in final composite but PMIs don't have the same clout these days even when well wide of the mark. Any reaction to the decent numbers will have been made on the flash readings anyhow. Every dog has its day eh? USDJPYposting 105.80 as the option …
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If You Are Planning On Trading Bitcoin in 2018, Read This First

Before you go and spend your hard earned money on those digital coins, you need to know one thing: cryptocurrency investing is not at all like stock trading. The differences between these two assets, when not known, could break an investor and make them lose faith in digital currencies altogether.
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AUD/USD Forecast Feb. 19-23 2018 – Rises may be limited

The Australian dollar initially lost ground but recovered quite quickly. Can it regain the 0.80 level? A lot depends on the central bank, with its meeting minutes. China remains on holiday and this may impact trading volumes. Here are the highlights of the week and an updated technical analysis for …
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Weekly Market Brief (Forex and Commodities)

Should this occur we will look for this market to test 0.7988. A strong break and close above 0.7988 could see this market post further gains into 0.8034. If we cannot hold above 0.7903, we could see the AUD retest 0.7833. Should we break lower however, we will look for a move back into 0.7779 and if …
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Euro, Cable and Aussie – The Reward for Patience

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Mar 052018
 
Euro, Cable and Aussie – The Reward for Patience

Such price action in combination with the sell signals generated by the indicators confirms that they didn't say the last word and lower values of currencies against the U.S. dollar are still ahead of us (even if we see short-lived rebounds first). Finishing today's Forex Trading Alert,we would like to add …
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USD/JPY: bounce little relevant in the middle of a bearish trend

The USD/JPY pair trades mute around 106.40, modestly higher daily basis, as the greenback holds the ground gained last Friday. Japan opened the macroeconomic week by releasing its January Trade Balance, which posted a deficit of Â¥943.4B, better than the Â¥-1,002.0B expected, although worse …
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EquiTrader Market Cap Reaches $3.40 Million (CRYPTO:EQT)

EquiTrader logo EquiTrader (CURRENCY:EQT) traded down 1.1% against the dollar during the one day period ending at 12:00 PM Eastern on February 3rd. One EquiTrader coin can now be purchased for $0.33 or 0.00003114 BTC on popular cryptocurrency exchanges including CryptoBridge, …
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EquiTrader Tops 24 Hour Volume of $10692.00 (EQT)

EquiTrader logo EquiTrader (CURRENCY:EQT) traded up 23% against the U.S. dollar during the 1-day period ending at 23:00 PM Eastern on February 10th. In the last week, EquiTrader has traded 51% higher against the U.S. dollar. EquiTrader has a market capitalization of $4.10 million and …
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Report: Coinbase made 43 percent of its 2017 revenue in December alone

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Mar 042018
 
Report: Coinbase made 43 percent of its 2017 revenue in December alone

The digital currency exchange and wallet service Coinbase, founded in 2012 and backed by Silicon Valley investors, recently told shareholders that it booked $1 billion in revenue in 2017. A new independent analysis says about 43 percent of that came in December when the price of bitcoin was surging …
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Cryptocurrency Market Trades Higher

More firms started to provide cryptocurrency trading service. On Monday, cross-border currency exchange company Circle announced to acquired Poloniex, a leading cryptocurrency exchange platform. Circle said in a statement that they “envision robust multi-sided distributed marketplace that can host …
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RBI Raises Currency Derivative Trade Limit to USD 100 Million

The RBI's decision to raise the limit will help entities engaged in forex transactions to maintain their currency risks in a better manner. PTI … Mumbai: The Reserve Bank on Monday raised the exposure limit under exchange traded currency derivatives (ETCD) trading for residents and foreign portfolio …
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EUR/USD Implied Volatility Spiked Ahead of ECB Speech and Data

Prior to this, the currency pair formed what appears to be a double top on the falling long-term trend line that goes all the way back to July 2008. Simultaneously, negative RSI divergence popped up which indicated ebbing momentum. Confirmation of the double top is needed though via a break below …
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CANADA FX DEBT-C$ hits 9-week low as capital spending intentions slow

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Mar 032018
 
CANADA FX DEBT-C$ hits 9-week low as capital spending intentions slow

At 9:23 a.m. EST (1423 GMT), the Canadian dollar was trading 0.1 percent lower at C$1.2786 to the greenback, or 78.21 U.S. cents. The currency's strongest level of the session was C$1.2763, while it touched its weakest since Dec. 22 at C$1.2791. The modest loss for the loonie came one day after …
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Ichimoku Charts That Matter: USD Tests Cloud, Gold on High Alert

Traders may wish to look to stronger currencies to play GBP weakness or weaker currencies should GBP bounce from support. Commodity FX marks weak currencies as of the end of February and the strongest currency for the month of February goes to the JPY. When looking at Ichimoku, The price is …
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Tax blitz to hit Bitcoin investors

Four days ago, Coinbase, one of the world's biggest crypto-currency exchanges, announced to its client base that it had received a mass “summons” from the US Internal Revenue Service, for the account details of 13,000 investors. Coinbase revealed that the requested details had included “taxpayer ID” …
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No fee on cross currency derivatives trade, says NSE

The National Stock Exchange (NSE) will not levy any transaction fee on the trades done in cross currency derivatives for three months starting today, in order to encourage active participation in such contracts. The exchanges BSE and NSE – have launched trading in cross-currency futures and options …
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Barclays Currency Trader Cries Foul on Indictment Tactic

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Mar 022018
 
Barclays Currency Trader Cries Foul on Indictment Tactic

At least eight traders have been charged over behavior uncovered in the scandal, including three from JPMorgan Chase & Co., Barclays and Citigroup Inc. They're known as the “Cartel,” and are scheduled to go on trial in New York in June. In October, former HSBC Holdings Plc currency trader Mark …
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FTSE and pound in for busy week amid UK earnings, data

The FX, equity and commodity markets have started the new week fairly quietly. In fact, this week looks set to be a quieter one for global macroeconomic data releases and other fundamental events. The Presidents' Day in the US means Wall Street will be shut for trading today while Chinese investors …
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Explosive Videographers Sought To Film Public Safety Bomb Squad Training

A branch of ATF, The National Center for Explosives Training and Research, is tasked with facilitating realistic explosive disposal and public safety at an event called Raven's Challenge. The videographer would be documenting how these elements come together through an exchange of tools, …
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Elliott Wave Webinar: The Dip in EUR/USD Narrows Pattern Options

The Elliott Wave analysis for EUR/USD has simplified and it is possible a medium term top has formed. The other pattern we are considering is an Elliott Wave ending diagonal underway. The video above is a recording of a US Opening Bell webinar from February 19, 2018 (even though US equity …
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