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Forex News

Top Trade Idea For July 28th, 2014 – AUD/CHF

As a keen skier, it’s no surprise that Switzerland is one of my preferred European destinations given its slopes, scenery, crisp air and hiking. But during the past year or so, something has been missing. Where are all the Australians? That very distinctive accent has been heard less and less during the past year and we think we know the reason why. The Australian dollar started 2013 on parity with the Swiss Franc, but by January 2014, it had fa ...
Full article at: Forex News 10 hours ago, 9:20am CDT

Bitcoin Breaks $585, Hits New Monthly High

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. The scenario we discussed in our previous daily roundup occurred today as Bitcoin prices broke the small support area at $585. The break happened in the Asian trading session and in less then 3 hours BTC/USD fell almost 20 points to hit a new monthly low of $566. We are currently trading just barely above this low at $568 per coin on BTC-E. The next su ...
Full article at: Forex News 12 hours ago, 7:52am CDT

Chart Of The Day For July 28th, 2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.3644 Support: 1.3396, 1.3324, 1.3208 Resistance:1.3454, 1.3502-12, 1.3583 The Euro fell as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. Sellers are now eyeing support at 1.3396, the 61.8% Fibonacci expansion. A daily close below this boundary initially exposes the 76.4% level at 1.3324. Alternatively, a move back above the 50% Fib at 1.3454 opens the door fo ...
Full article at: Forex News 12 hours ago, 7:37am CDT

West TX Oil Below $102 Before U.S. Economy Data

West Texas Intermediate crude fell for the fourth time in five days amid speculation that economic data may signal slowing growth in the U.S., the world’s biggest oil consumer. Brent also dropped in London. Futures slid as much as 0.6 percent in New York, extending a 1 percent decline last week. A preliminary index of U.S. service industries is forecast at 59.8 for July, the lowest level in three months, a Bloomberg News survey shows before a report fro ...
Full article at: Forex News 14 hours ago, 5:26am CDT

Gold – Bounces Back up Above $1300 Again

Gold for Monday, July 28, 2014 Gold did well at the end of last week to surge higher through the $1300 level back up towards $1310 before easing slightly to start this new week.  Throughout most of last week gold was slowly but surely easing lower below $1305 heading south towards $1300 before bouncing higher.  The $1300 level has been reinforced as a level of significance in the last couple of weeks with gold falling sharply from its highs above $1345 b ...
Full article at: Forex News 14 hours ago, 5:12am CDT

European futures lower ahead of key UK and German data

Yesterday was very much a day of mixed data, with Japan getting the day off to a bad start with weaker export figures only for Chinese manufacturing data to offset it. This was followed by better than expected Eurozone PMIs but a bad month of retail sales for the UK, before being wrapped up with strong jobless figures but weak housing and manufacturing data from the US. It’s hardly surprising then that traders were left struggling for direc ...
Full article at: Forex News 16 hours ago, 3:06am CDT

New Zealand Dollar Down on Eroding RBNZ Rate Hike Outlook

Talking Points: New Zealand Dollar Down as RBNZ Rate Hike Outlook Continues to Erode US Dollar Looks to PMI, Home Sales Data to Set the Tone for a Busy Week View Economic Data Releases on Your Charts with the DailyFX News App The absence of top-tier scheduled event risk left currency markets rudderless in the opening hours of the trading week, with most of the G10 FX majors languishing in familiar trading ranges against the US Do ...
Full article at: Forex News 18 hours ago, 1:10am CDT

Bitcoin Likely to Resume Fall

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. After the breather during the last few days, BTC prices look set to resume their fall. The crypto has been knocking on the $585 level for the last few days and barring any positive news shock, BTC/USD should fall below this figure and retest the July 24th low at $578. If this decline materializes, the next level of support for bitcoin stands at $550, followed by $500. To the upside, the first resistance stands at the rou ...
Full article at: Forex News 1 day ago, 12:25pm CDT

Bitcoin Banned in Ecuador as Government Plans Own Cryptocurrency

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. In a strange turn of events, the socialist government of Ecuador decided to ban bitcoin and all other cryptocurrencies while at the same time introducing plans for creating its own crypto. The bill gained approval from 91 members of parliament, with 22 votes against and 3 abstentions. The president Rafael Correa, who introduced the bill, wi ...
Full article at: Forex News 2 days ago, 3:30pm CDT

Bitcoin Gains 1%, New US Exchange Comes Online

Want to Trade Bitcoin? ForexNews RecommmendsClick Here To Learn More. Bitcoin gained around 1 percent in the last 24 hours. After yesterday’s dramatic break below $600, BTC/USD today had a calmer trading session. Prices opened at $591.45 per coin on BTC-E. From here, everyone’s favorite cryptocurrency rallied to retest the $600 figure. After the failed retest, BTC consolidated just below the level and this is where we can find prices trading now, at $595.90. Going for ...
Full article at: Forex News 3 days ago, 6:59pm CDT

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