FxWirePro: Roll on CHF longs in a roller-coaster ride through cash against USD and via optionality …

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Apr 102018
 
FxWirePro: Roll on CHF longs in a roller-coaster ride through cash against USD and via optionality …

USDCHF turned elegantly lower towards the end of the week when the dollar lost ground against other reserve currencies in the lead-up to and the aftermath of the Section 301 investigation announcement. The FX market seems to be gripped by springtime lethargy. Even though there are some …
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More pain beckons for worst forex strategy as carry traders suffer

More structural factors are also at play amid the carry trade's long-term decline. The prospect of higher interest rates in developed economies as central banks dial back post-crisis stimulus is lessening the carry trade's appeal, according to Mark McCormick, North American head of FX strategy at …
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Japan's Manufacturing Sector Growth Revised Lower In March

The pair is expected to find its first resistance at 106.37, and a rise through could take it to the next resistance level of 106.80. Moving ahead, Japan's Nikkei services PMI for March, due to release overnight, will attract significant amount of market attention. The currency pair is trading below its 20 Hr and …
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Bitcoin is property, not currency

The tax implications of cryptocurrency have become increasingly important as the Internal Revenue Service and other government agencies step up their scrutiny of transactions involving bitcoin or other forms of virtual currency. Despite the fact that the IRS said everything it planned to say about the tax …
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Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange Youbit: Report

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Apr 092018
 
Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange Youbit: Report

One of South Korea's largest insurance companies has denied a claim from cryptocurrency exchange Youbit in the wake of a December cyberattack that bankrupted the firm's parent company. The Wall Street Journal reports that DB Insurance denied a $2.8 million claim from Yapian Corp. — Youbit's …
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London Forex Report: GDP Beat Boosts Buck

London Forex Report: The USD firmed against most of its major rivals as many traders, who had bet against the greenback for much of the first quarter, looked to cash in on its losses ahead of the month-end and quarter-end. The mild bounce in the dollar came a bit early with traders likely looking to …
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Pound Australian Dollar Forecast: GBP/AUD and GBP/NZD Exchange Rates Volatile amid …

Pound Australian Dollar Forecast: GBP/AUD and GBP/NZD Exchange Rates Volatile amid Increased Global Trade Tensions … to make any headway against either the Australian Dollar or New Zealand Dollar this week as some technical based selling and weak GDP figures weighed on the currency.
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The Daily Prophet: FX Traders Can't Get Out of Their Own Way

The only sure things in life are death and taxes. Perhaps it's time to add the hapless performance of currency traders. The Citi Parker Global Currency Index, which tracks nine distinct investment styles, was poised to fall for the fifth consecutive quarter, dropping 1.04 percent this year through Wednesday.
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Atlanta Fed GDPNow estimate for 1Q growth 2.3% vs prior 2.8%

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Apr 082018
 
Atlanta Fed GDPNow estimate for 1Q growth 2.3% vs prior 2.8%

The nowcast of the contribution of net exports to first-quarter growth declined from -0.65 percentage points to -0.72 percentage points after this morning's international trade release from the Census Bureau and the BEA. The nowcast of first-quarter real consumer spending growth fell from 1.6 percent on …
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EUR/USD Forex Market Trading Strategies

The EUR/USD daily Forex chart has been in a trading range for 3 months. The rally of the past 4 days is a breakout of the top of a 3 week wedge bull flag. The EUR/USD daily Forex chart is forming a 2nd leg up from the March 1 low. Trading ranges often have 2 legged moves that test the bottom and top …
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Has EURUSD Turned? Selling Short on a EURUSD Breakdown

EUR/USD has reached multi-year trend lines at 1.25, which also is significant according to Elliott Wave Theory. Our Elliott Wave analysis suggests a large trend lower begins from nearby levels. The Elliott Wave pattern on EURUSD is ripe for a turn lower. We described previously how three ending …
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EURCAD moves back above 2016 high, but stalls ahead of Friday's high

Two plus years later, the pair moved above that level on March 7th and again during Friday's trading (see hourly chart below) Each break failed. … Move below, and then the lower 100 hour MA (that MA stalled the fall earlier) and the buying should turn back to selling as traders lament the failure in March …
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THE RUPEE: gains 20 paisas vs $

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Apr 072018
 
THE RUPEE: gains 20 paisas vs $

The rupee shrugged off persisting weakness versus the dollar on the currency market on Friday in the process of trading activity, money experts said. The rupee … OPEN MARKET RATES: The rupee managed to pick up 20 paisas in relation to the dollar for buying and selling at Rs 115.80 and Rs 116.30 …
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How Machine Learning Can Help Reduce Foreign Exchange Risk

When it comes to foreign exchange, small businesses dealing with currency risk are concerned about the high costs of fluctuating currencies. By properly managing these risks, a business can ensure high profits, without needing to pass costs onto customers. Small businesses often can't afford to absorb …
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Dollar holds its gains as trade war fears recede; euro edges lower

London: The dollar held on to its gains on Thursday after a big rise in the previous session, but traders said the outlook for the greenback remained … Analysts said this week's jump for the dollar looked overdone, however, and that many of the structural reasons for the U.S. currency's decline – trade and …
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FOREX-Euro edges higher after German jobs strength

It traded 0.1 percent up at $1.2318 against the dollar but its gains were tempered by German inflation figures easing a slight slowdown in price rises. “The political risk has come out of the euro in the last two weeks so data is the story right now,” said Jeremy Cook, head of FX strategy at WorldFirst.
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More forex counters open at new Muscat airport

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Apr 062018
 
More forex counters open at new Muscat airport

Madhusoodanan R conveyed his warm greetings to all stake holders and remarked that despite the economic downturn, the company managed to keep its position safe, infact it got stronger and emerged as the market leader as evidenced by the award of prestigious 'Best Exchange House Award' by …
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FXCM FX trading volumes down 12% in March to $210 billion

Retail FX broker FXCM continued its strong start to 2018, although March wasn't quite as good as January or February. FXCM reported client trading volumes of $210 billion for March 2018, 12% below February's $239 billion. Keeping in mind, however, that January and February were FXCM's best …
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USDJPY is trying to keep the bulls in complete control into the US stock opening

The pair is also above the end of March high at 107.00. Being a nice round number, that level will be eyed for intraday traders. The low price after the US data today reached 107.01 but the price action is contained and remains below the earlier highs at 107.147. Traders are battling at the higher levels.
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Forex Trading: USD/JPY pushed higher by the Nikkei's rally April 05, 2018

The currency pair rallied aggressively and resumes the upside movement as the JP225 moves higher and jumped above a very strong dynamic resistance. The USD jumps higher versus all its rivals as the USDX has managed to reach new highs in the last hours and is almost to hit some very important …
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CBN Liquidity Mop Up to Persist as N262bn Hits Interbank Market

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Apr 052018
 
CBN Liquidity Mop Up to Persist as N262bn Hits Interbank Market

Last week, the CBN continued with its weekly forex intervention sales by offeringa total of US$545.43 million into the forex market. A breakdown of this showed that while in offered $210 million on Tuesday an additional injection of N335.43 million. For the $210 million, while $100 million was earmarked …
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Forex – Dollar Slips as Investor Confidence Returns

Investing.com – The dollar's momentum from Friday eased in morning trade in Asia Monday, with the US dollar index struggling to remain above the 90 handle amid news that North Korea might hold talks with the U.S. and halt nuclear testing helped boost market confidence while a U.S. plan to institute …
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BRAZIL: Ibovespa Breaks Losing Streak And Rises After US Wage Data

The locally traded U.S. dollar closed the trading session down 0.39%, quoted at R$ 3.252, after data showed that in February the average wage for the hour worked in the United States performed below the market forecast. The indicator lowers the chances that the United States Federal Reserve Bank …
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GBP/USD Forecast Mar. 12-16 – Hammond has the hammer

GBP/USD had a relatively narrow range of trading and eventually ended the week higher. The new budget is the main event in a week that will certainly see Brexit talk moving markets once again. Here are the key events and an updated technical analysis for GBP/USD. UK services PMI beat …
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ECB takes a more scenic route towards the exit

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Apr 042018
 
ECB takes a more scenic route towards the exit

The ECB is still slowly grinding its way towards the exit, with the emphasis on 'slowly'. That's the overarching takeaway from this month's European Central Bank information dump and commentary. The main market beneficiary was European equities. Germany's DAX in particular saw a rebound in risk …
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AUD/NZD kicks off new week on the high side following NFP Friday

The AUD/NZD is holding at the high end following Friday's rally and is trading around 1.0765 in Monday markets. The Aussie lifted against the Kiwi on Friday on a boost in risk appetite spurred on by a clean beat for US NFP figures that saw risk-based assets climb to end a week riddled with swings in …
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USD/JPY analysis: short-term gains likely above 107.10

The USD/JPY pair advanced during the last trading day of the week, backed by a dovish BOJ at the beginning of the day. Local authorities said that they don't plan any change to their monetary policy until inflation reaches the 2.0% goal, still well below it. The pair peaked at 107.04, but a weaker dollar, …
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Nigeria's External Reserves climb to $46 billion

Okorafor also noted that the CBN policy restricting access to FOREX from Nigeria's foreign exchange market to importers of some 41 items had made a huge impact on the status of Nigeria's reserves and boosted the supply of local substitutes for imported goods, created jobs at home and enhanced the …
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Forex – Dollar Flat Amid Weaker Manufacturing Data, Trade War Fears

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Apr 032018
 
Forex – Dollar Flat Amid Weaker Manufacturing Data, Trade War Fears

Investing.com – The dollar traded roughly unchanged against a basket of major currencies as fears over a global trade war persisted amid China tariffs, while softer US manufacturing data weighed on sentiment. The U.S. dollar index, which measures the greenback's strength against a trade-weighted …
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Processed-Food Giant Tanks On China Tariffs: Here's The Trade

As trade-war talks heat up there are many U.S stocks coming under selling pressure today. Tyson Foods (NYSE:TSN) is a leading pork producer that is falling lower by $3.56 to $69.59 a share. Tyson's decline comes as China announced an increase in import duties on pork, apples and other products.
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Ways of Minimizing Risks in Forex Day Trading Explained

Many beginner forex traders make amateur mistakes that cost them money. It is crucial that you avoid forex mistakes (or “erreur trader” as many European traders call it) if you want to get anything worthwhile out of the trade. Some mistakes can demotivate and even make budding traders to drop the …
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Rupee gains 11 paise against US dollar as forex market opens after 5-day holiday

The Indian rupee surged as much as 11 paise against the US dollar on Tuesday as foreign exchange market opened after an extended holiday of 5 straight days. The forex market was closed for last five days with regard to the nation-wide holidays for Mahavir Jayanti (29 March 2018), Good Friday (30 …
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Forex technical analysis: GBPJPY tests 100 hour MA

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Apr 022018
 
Forex technical analysis: GBPJPY tests 100 hour MA

The GBPJPY has stepped higher with the higher USDJPY, movement on the back of Brexit news and higher stocks. The price is up testing the 100 hour MA at 146.87. Last week the price was trading above and below that MA before the run lower on the back of the tariff news. A move above will start to …
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Marketsharks Started Offering Facebook-based Tutorials and Webin

Marketsharks, a knowledge portal for starters in the world of Forex trading, is now offering Facebook-based free tutorials as well as webinars for people who want to excel n Forex trading. Los Angeles, United States – March 8, 2018 /PressReleaseAgency/ —. Damon Aleczander, who is an investment …
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How to Open a Forex Trading Account

Opening demo accounts with various trading platforms will give you the chance to learn forex trading properly before investing your hard-earned money. Again, you should consider making paper trade until you start making consistent profits before committing real money. Often, newbies jump into the …
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EUR/CAD in focus amid ECB, US tariff plans and Canadian jobs data

After the ECB's dovish press conference the euro fell across the board, even against the Canadian dollar. The commodity currency has taken a beating of its own in recent weeks amid fears over protectionist US policies, renewed weakness in oil prices and soft domestic data. US President Donald Trump …
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SGX Discloses Strong Volumes for February 2018, FX Stagnates MoM

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Apr 012018
 
SGX Discloses Strong Volumes for February 2018, FX Stagnates MoM

Over 19 trading days, SGX reported its securities volumes at S$32.8 billion in February 2018, up 12 percent month-on-month from S$29.4 billion in the month … SGX's total FX futures were reported at 1.2 million contracts in February 2018, down 19 percent month-over-month from 1.4 million contracts in …
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Gold Prices Gyrate Within Channel After Failed Test of Yearly Highs

This can open the door to a deeper bearish move before the longer-term bullish theme might be ready for resumption. – Are you looking to improve your trading approach? Check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX …
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Forexlive Americas FX news wrap: White House pivots on proposed tariffs.

Trading in North America got off to a volatile start in the major currency pairs as markets battled with the news of Gary Cohn's resignation from the Council of Economic Advisors, tariff fears and US economic releases. The negative from the Cohn news was initially balanced by a more favourable ADP …
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Ripple (XRP) Price Surges Off Chart Support – Coinbase Chatter Cited

After spending two weeks probing the $0.86 – $0.93 support level without success, Ripple accelerated higher Monday, posting gains of nearly 20% to trade around $1.07 with heavy Asian buying leading the way. The chart now shows the February high around $1.20 as the next upside target ahead of …
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