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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March is done and dusted. What can we look forward to in the EURUSD in April?

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Mar 312018
 
March is done and dusted. What can we look forward to in the EURUSD in April?

The market is saying from those failures, “I am unsure of the next major move”. Putting it a different way, the sellers had their chance to break and take it lower and they chickened out. The buyers had their chance to take the price higher and they chickened out. That is what the price action says. So we sit …
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Fintech Simplifies Global Banking With World Bank Account

While global money management may remain an issue, with significant fees attached, people have been trading in international currency for some time. Platforms such as IG enable global currency trading through numerous features, including a stop limit sell order example. A stop order is when the …
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FxPro Forex Analysis: BTCUSD and LTCUSD Analysis – March 29, 2018

Bitcoin is trading below $8000 and Ethereum below $500. Moreover, confidence was dented earlier this week as payment processor LitePay ceased operations, with Litecoin creator Charlie Lee having to apologise and vowing to “do better due diligence in the future”. Litecoin has since declined to $120 …
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Euro Drops Despite ECB Dropping Easing Bias

EUR/USD was trading around 0.3% lower moving into the announcement at $1.2370. Following the dropping of the easing bias, the single currency soared, hitting a peak of $1.2446. However, through the course of the distinctly dovish press conference EUR/USD pared gains. With the help of upbeat …
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Learn Forex Trading: Short Term Patterns

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Mar 302018
 
Learn Forex Trading: Short Term Patterns

Short-term patterns focus on individual bars, noting how high or low a bar is in addition to where the opening and closing prices are. Short-term patterns occur very commonly. The basis for using short-term patterns in trading is to catch quick, sudden moves, such as when a pullback to a broken trend line …
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'Nigeria can earn forex from mushroom'

Mushroom cultivation can boostfarmers' income, the Acting Executive Director National Horticultural Research Institute (NIHORT), Ibadan, Dr Abayomi Olaniyan, has said. He spoke during a three- day training dubbed Skill Acquisition and Capacity Buildingfor Value Chain on Mango and Mushroom, …
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Forex today: Dollar loses conviction after Wednesday's bull run

The EUR/USD managed to make a session high of 1.2335 before dropping into 1.2284, and the pair is now heading into Easter long weekend trading around the 1.2300 major handle. The Sterling was noticeably weaker on the day's action, falling to 1.4010 from the day's high of 1.4096, and the pair is …
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Winds of Change in $5 Trillion FX Market

But instead of instructions for life, Singleton — the founder and CEO of Curex Group, a foreign-exchange platform — is laying out tenets for best execution in the $5.1 trillion-a-day market. Currency markets have the potential to be upended as clients call for more cost savings and greater transparency, and …
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NZD/USD Forex Signal

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Mar 292018
 
NZD/USD Forex Signal

The price is currently trading bullishly at its highs, yet it is not far now from a reasonably long-term bearish trend line which is quite likely to halt the advance, at least temporarily, and possibly provide a short trade entry opportunity later. Until the trend line is reached and decisively rejected, I take a bullish …
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South Africa 40 Cash Index Downside Breakout Confirmed

The downside breakout scenario on the South Africa 40 Cash Index has manifested, as marked with the red arrow on the chart. The bearish crossovers of the 20, 50 and 200 day simple moving averages (marked with the black arrow) reinforces a negative trend bias assumption. Traders not already …
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AvaTrade Review: Top European Forex Broker

AvaTrade offers video tutorials, webinars, online video lessons and a glossary to familiarize beginners with forex trading. Language support is available in English, Italian, German, French, Greek, and Hebrew. The latter has earned AvaTrade a rating of AAA from the BrokerNotes service, also giving a …
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Thor Industries Reverses Lower, Here's The Trade

Thor Industries (NYSE:THO) is a leading manufacturer of recreational vehicles in the U.S. and Canada. On Thursday the stock rallied higher after the opening bell, trading as high as $127.50 a share. Unfortunately, since that high-pivot the stock has reversed lower and is now trading down by $4.56 to …
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The tricks new trades should know before starting Forex trading

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Mar 282018
 
The tricks new trades should know before starting Forex trading

Forex trading has attracted many investors who want to increase their money by simply understanding the currency markets. With the large number of options to look at as well as worldwide fluctuations in present times, there's a huge opportunity for individuals with some Forex knowledge to leverage it in …
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GBP/USD Forecast: challenging strong resistance as UK wages rise

Yet before Mark Carney and co. have their say, the GBP/USD will be at the mercy of the US Federal Reserve. Fed Chair Jerome Powell is set to deliver a rate hike in his first decision as Fed Chair. Markets will focus on the next moves: the dot-plot for the remainder of the year, 2019, and the long-term rate …
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How to do online forex trading in Kenya

As the internet and better tech devices increasingly become available, Kenyans should take advantage of the opportunities on the web. For over a decade now, online forex trading in Kenya has provided regular streams of income for some people. Today, a significant number of forex traders in Kenya …
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FOREX-Dollar pulls back from 3-week high as investors turn to Fed

LONDON, March 21 (Reuters) – The dollar pulled back from three-week highs on Wednesday as traders took some profits ahead of the Federal Reserve's first expected rate rise of 2018 and focused on whether the central bank will indicate three or four hikes for this year. With the dollar down, the euro …
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Cryptocurrency Chart Analysis – Bitcoin, Ripple, Litecoin and Ethereum

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Mar 242018
 
Cryptocurrency Chart Analysis – Bitcoin, Ripple, Litecoin and Ethereum

In addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions. What's your view of the cryptocurrency market – oversold or overbought? You can leave your comments in the section below or you can …
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EURGBP Eyes January Low as BoE Decision Nears

Are you new to FX trading or are you looking to improve your trading skill sets? We can help you along your journey with a comprehensive range of constantly updated guides and trading tools – they are all Free to Download Here. What's your opinion on EURGBP? Share your thoughts with us using the …
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Trump Announces Tariffs Against China, Brings US Closer to a Trade War

Earlier this month, Senior Currency Strategist Christopher Vecchio, explained the impacts of the tariffs and trade wars on the US. The Administration aims to “get China to modify its unfair trade practices.” However, the effect may be quite different. We will continue to cover the tensions between trade …
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2018 Asia Trading Summit Kicks Off in Shanghai

The 2018 Asia Trading Summit kicks off on Thursday with a welcome party at the South Beauty Club, setting the stage for a unique two-day event. Hosted by Finance … The event holds particular significance for all attendees, attracting both investors, traders, forex brokers, technology providers, and IBs.
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Forex Trading Signals – March 22, 2018

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Mar 232018
 
Forex Trading Signals – March 22, 2018

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Daily Trading Signals for Thursday. Euro/Dollar has mostly green indicators in both the 1 and 4 hour charts. Daily outlook shifts to neutral, which is backed up by the only 3% long interbank sentiment. The Cable has …
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Limited-time XM World Cup Promotion

All new and existing clients who have a validated trading account at XM with a minimum total balance of $200 (or currency equivalent) in all their trading account(s) and trade at least 2 standard round turn lots (200 micro lots) on Forex, Gold or Silver during the promotional period can take part in the …
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ForexLive Asia FX news: Minor forex moves for Asia Monday

We await Europe, the UK and then US trade, although the economic calendar is light on there should be politics to come and perhaps some central bank speak. Bitcoin and the crypto complex had a poor weekend, BTC price down around 1000USD since Friday, continuing the late last week losses.
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AUD/USD – heads up for some early levels to watch for

Trade tensions, interest rate differentials weighing on the rallies (and a general risk off malaise!), while dips are seeing buyers looking at steady domestic data, gradual improvement. My bias is with the sellers but with plenty of two-way movement there should be something for the scalpy type buyers.
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Qatar asks US to probe UAE bank over 'financial warfare'

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Mar 212018
 
Qatar asks US to probe UAE bank over 'financial warfare'

In a second letter, the lawyers — Paul, Weiss, Rifkind, Wharton & Garrison — asked the U.S. Commodity Futures Trading Commission (CFTC) to investigate possible manipulation of Qatar's currency, the riyal. The request for an investigation deepens the diplomatic crisis that erupted in June when Saudi …
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Forex crunch threatens Archer Clothing's prospects

We are about to finalise the commissioning of 10 new production lines in Bulawayo but whether we are able to fully staff these will depend on our access to forex to import the raw materials and capital equipment needed. We have set up training schools in Harare and Bulawayo, but are unsure at this …
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Gaining That Competitive Edge: Safinus Jumps Novices Profitability In Crypto Trading, While …

Trading cryptocurrencies is very different from any other trading, material based or forex. Apart from an in depth understanding of finance and trade, a good grasp on technology is also needed to make effective and profitable trades with digital money. This can be a great advantage for people who know …
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Gold Prices Pressure Range Floor as Fed Rate Decision Looms Ahead

Gold prices edged down as a resurgent US Dollar pushed higher for a second day, sapping demand for the standby anti-fiat alternative. The move appeared to be driven by pre-positioning ahead of the upcoming FOMC policy meeting.Markets seem worried that a recent hawkish shift in officials' rhetoric …
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Forex: J$127.86 to one US dollar

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Mar 202018
 
Forex: J$127.86 to one US dollar

KINGSTON, Jamaica — The US dollar on Monday, March 19, ended trading at J$127.86 down by 13 cents according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$96.50 down from J$100.06 while the British pound sterling ended …
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Hong Kong Forex broker KVB Kunlun completes up-and-down 2017 with Q4 Revenue down 25%

In general, in periods of elevated volatility, customer trading volumes tend to increase. However, significant swings in market volatility can also result in increased customer trading losses and higher turnover. KVB said that Gold was the most popular traded product by its customers. In FX products …
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Forex – Yen Strengthens On Risk Aversion; China Sees New Central Bank Chief

However, exports to China, the country's biggest trading partner, fell 9.7% year-on-year. Japan's Prime Minister Shinzo Abe is still embroiled in the political scandal that involves altered documents linked to his wife. The political tensions in the country pushed up the save-haven currency as Abe's …
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Rupee weakens 9 paise against dollar in opening trade

A strong dollar and sustained foreign fund outflow weighed on the domestic unit amid rising current account deficit in the December quarter, a currency dealer said. The current account deficit rose to 2 per cent of the GDP at USD 13.5 billion in the December quarter, up from USD 8 billion or 1.4 per cent …
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Economic data coming up in the European session

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Mar 192018
 
Economic data coming up in the European session

Prior figures can be found here and here respectively. For trade balance, we already had France and Germany figures already so the data here shouldn't contain too much of a surprise and it won't be a market mover. Construction output data is a minor one, and gives a general gauge of sentiment in the …
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EquiTrader Trading 16.2% Lower Over Last Week (EQT)

EquiTrader logo EquiTrader (CURRENCY:EQT) traded 0.7% lower against the U.S. dollar during the twenty-four hour period ending at 13:00 PM Eastern on March 3rd. One EquiTrader coin can currently be purchased for approximately $0.16 or 0.00002147 BTC on major cryptocurrency exchanges …
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Struggling to Stay Positive

Global Foreign Exchange markets are headed for a significant litmus test as traders set sights on Jerome ” Jay” Powell's first live FOMC decision. .Consensus suggests the hurdle is high for the Fed to shift to four dots, but markets are on guard and with good reason. While a March rate hike is a foregone …
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Yen Sinks as BOJ Frets Strength But The Move May Be Overdone

The Japanese Yen was hit Monday after data showing a much weaker trade surplus than expected and, probably more pointedly, some worrying about currency strength from the Bank of Japan. The BoJ's 'Summary of Opinions' from the previous monetary policy meeting on March 8 and 9 pointed to …
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