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Forex News

Chart Of The Day For August 18th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3345, 1.3291, 1.3248 Resistance:1.3419, 1.3472, 1.3516   The Euro may be preparing for a rebound against the US Dollar having declined as expected after showing a bearish Evening Star candlestick pattern. The appearance of a Hammer candle coupled with positive RSI divergence now argues for an on-coming correction. Near-term resistance is at 1.3419, the 23.6% Fibonacci retracement, with a daily close above that exposi ...
Full article at: Forex News 3 days ago, 7:12am CDT

Week in FX Europe – the Euro Needs a Catalyst

Lower for longer rates policy remains intact Global bourses eke out a weekly win Periphery debt outperforms Bunds Weak global data has the market again pricing the lower-for-longer mantra mostly in play by the main central banks. Investors this week were exposed to a multitude of weaker economic reports from Japan to Europe and even the U.S. Similarly, Bank of England (BoE) Governor Mark Carney has man ...
Full article at: Forex News 3 days ago, 5:21am CDT

Gold – Threatening to Break Through $1300

Gold for Monday, August 18, 2014 Over the last week or so Gold has been meeting resistance around $1313 which has seen it finally ease lower to end last week and at the start of this week.   A couple of weeks ago it moved well away from the support level at $1290 and back up well above $1300 to a two week high above $1322 before easing lower.   It had also been easing lower and placing pressure on the support level at $1300 which eventually gave way resulting in gold falling s ...
Full article at: Forex News 3 days ago, 5:08am CDT

US futures edge higher as central bank stimulus hopes grow

Disappointing economic data is proving to be the best thing for the markets right now as traders look to central banks to provide additional stimulus in order to support the mild economic recovery. This is particularly the case in the eurozone, where, as we saw yesterday, growth isn’t just eluding the periphery, it’s also proving a difficult task for the core. The three largest members of the eurozone – Germany, France and Italy – all failed to record any growth in the second quarter ...
Full article at: Forex News 3 days ago, 3:07am CDT

USDOLLAR Clears Resistance but for How Long?

Talking Points: EURUSD back-to-back inverted hammers, inside days = coiling. USDCAD could fall to 1.0815 support again. August is a seasonally favorable month for the US Dollar in the QE era. The US Dollar has had a strong run over the past few weeks, with the bull flag originating on July 31 producing new highs and a move through the critical 10544 resistance band in the USDOLLAR Index. However, after a doji yesterday and an insi ...
Full article at: Forex News 3 days ago, 1:06am CDT

Bitcoin Double Bottoms at $480, Kraken Expands in Japan

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. After a brief respite, bitcoin continued the leg down today. Prices hit a daily high of $518.98 before falling back almost 40 dollars to $480. This matches the low BTC reached the day before. One bitcoin is quoted at $487 on BTC-E. Prices are slightly higher at $491 a piece on Stamp. Given that both the recent downward momentum and the medium-term trend are now do ...
Full article at: Forex News 3 days ago, 10:30pm CDT

Top Trade Idea for August 17th, 2014 – AUD/USD

Last week’s projection for the EUR/USD did materialize nicely since previous hints by experts were backed up by various sources about how situation in the euro zone especially its’ overall economic outlook wasn’t too rosy but rather murky instead. In saying that, the harmonic ‘M’ pattern that was formed at the time, confirmed the downwards move of C to D leg marking the move into a bearish territory for the Euro vs. the Dollar. The r ...
Full article at: Forex News 4 days ago, 8:43am CDT

Bitcoin Rallies 7% off Lows

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. After a 5 day losing streak, everyone’s favorite cryptocurrency is finally catching a break. Today bitcoin prices rallied 7 percent off the daily low. On BTC-E, the day started off as usual, with BTC/USD falling 9 dollars to hit a new low of $480. But by mid-day, prices started to recover and eventually hit a high of $518.98. One BTC is currently trading at ...
Full article at: Forex News 4 days ago, 6:59pm CDT

Bitcoin Losses Continue After a Brief Stall at $500

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. No end to losses for everyone’s favorite cryptocurrency. After a brief 24 hour stall around $500, prices are now on another leg down. Earlier in the day, BTC/USD hit a new two month low of $483.48 on BTC-E. After a retest of $500, BTC fall back down and is currently quoted at $490 per coin. While the break below $500 suggests more losses ...
Full article at: Forex News 5 days ago, 10:03pm CDT

Top Trade Idea For August 15th, 2014 – RUB

Ruble to Rise from the Rubble “The country has plunged into a bloody chaos, a fratricidal conflict, a humanitarian catastrophe has hit south eastern Ukraine. We will do all we can to stop this conflict as soon as possible and end bloodshed in Ukraine.” This statement was made by: a)    German Chancellor Merkel b)    US President Obama c)    Russian President Putin d)    Scooby Doo If you answered (d) give yourself a Scooby snack an ...
Full article at: Forex News 6 days ago, 7:50am CDT

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