Currencies

  • US Dollar Index (.DXY) Crossed 81.00

    US Dollar Index (.DXY) Crossed 81.00

    US Dollar Index (.DXY) Crossed 81.00 The US Dollar Index (.DXY) finishes near session highs for its 1st close above the 81.00 level since the early February. Friday's action has DXY higher for the 10th ime in 12 sessions, and has trade near Key resistance at  81.40. EUR/USD is -30 pips at 1.3430 as action contends with its ...
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  • FX News: HEFFX Asia Update EURUSD, USDJPY, Gold Prices

    FX News: HEFFX Asia Update EURUSD, USDJPY, Gold Prices

    FX News: HEFFX Asia Update EURUSD, USDJPY, Gold Prices Upbeat data helped the euro climb off an eight-month low of $1.3438 touched on Thursday. The common currency was steady on the day in Asia at $1.3465. The dollar was little changed against the yen at 101.78 after spiking more than 0.3 percent overnight to a ...
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  • US Dollar (DXY) Index Little Changed Near 80.85 In Quiet Trade

    US Dollar (DXY) Index Little Changed Near 80.85 In Quiet Trade

    US Dollar (DXY) Index Little Changed Near 80.85 In Quiet Trade 10-Yr: -12/32..2.511%.. USD/JPY: 101.82.. EUR/USD: 1.3466 The quiet US session has seen action in a tight 10 cent range on the day.  EUR/USD is +5 pips at 1.3465 a bid came for the 1st time in 8 days. Euro has been buoyed by the region's mostly better than expected PMI data, and ...
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  • USDSGD Singapore Dollar Outlook

    USDSGD Singapore Dollar Outlook

    USDSGD Singapore Dollar Outlook FOREX SGD= closed up   0.001 at   1.238.  Volume was 82% below average (consolidating) and Bollinger Bands were 8% narrower than normal. Open     High      Low     Close     Volume___ 1.237    1.238    1.236    1.238       1,868 Technical Outlook Short Term:          Oversold Intermediate Term:   Bearish Long Term:           Bearish Moving Averages: 10-period     50-period     200-period Close:              1.24           1.25           1.26 ...
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  • USDJPY Outlook

    USDJPY Outlook

    USDJPY Outlook Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 101.45 101.80 102.03 Volatility: 4 4 8 Volume: 38,924 47,224 59,275 Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the ...
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  • US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat 10-Yr: +02/32..2.452%.. USD/JPY: 101.48.. EUR/USD:1.3462 Afternoon Update 2y Unch at 100 01/32 3y Unch at 99 24/32 5y +01/32 at 99 29/32 7y +02/32 at 100 04/32 10y +02/32 at 100 12/32 30y +05/32 at 102 14/32.   US Dollar (.DXY) Index EUR/USD -5 pips at 1.3460 GBP/USD -30 pips at 1.7035 USD/JPY ...
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  • HEFFX Daily FX Technical Alerts

    HEFFX Daily FX Technical Alerts

    Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF Crude Oil (NYMEX) (U4) Intraday: rebound expected. Pivot: 101.5Our preference: Long positions above 101.5 with targets @ 102.90 & 103.45 in extension.Alternative scenario: Below 101.5 look for further downside with 101 & 100.6 as targets.Comment: The RSI has just landed on a support around 30% and is ...
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  • RMB Yuan To Be 3rd Largest World Currency By 2020

    RMB Yuan To Be 3rd Largest World Currency By 2020

    RMB Yuan To Be 3rd Largest World Currency By 2020 The Chinese currency Renminbi (RMB) Yuan will become the world's 3rd largest currency after the USD, and EUR by 2020. A report by the International Monetary Institute of Renmin University of China and the Bank of Communications (HK:3328), published Sunday, said that the RMB internationalization ...
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  • US Treausries Mixed, US Dollar Up

    US Treausries Mixed, US Dollar Up

    US Treausries Mixed, US Dollar Up 10-Yr: -03/32..2.482%.. USD/JPY: 101.50.. EUR/USD: 1.3465 Afternoon Update  2y +01/32 at 100 00/32 3y +01/32 at 99 22/32 5y +02/32 at 99 24/32 7y unch at 99 30/32 10y -03/32 at 100 03/32 30y -08/32 at 101 28/32   US Dollar (.DXY) Index EUR/USD -55 pips at 1.3465 GBP/USD -20 pips at  1.7055 USD/JPY ...
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  • China, Switzerland Sign Currency Swap Agreement

    China, Switzerland Sign Currency Swap Agreement

    China, Switzerland Sign Currency Swap Agreement China's central bank (PBOC) announced Monday that it signed a bilateral currency swap agreement with the Swiss National Bank (SNB) worth CNY 150-B, or CHF  21-B (US$24.4-B). The term of the swap agreement will be 3 yrs and can be extended if both parties agree, the People's Bank of ...
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  • US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat 10-Yr: +04/32..2.457%.. USD/JPY: 101.35.. EUR/USD:1.3520 Afternoon Update: US Treaurries 2y Unch at 100 00/32 3y -01/32 at 99 21/32 5y Unch at 99 26/32 7y +02/32 at 100 01/32 10y +04/32 at 100 11/32 30y +20/32 at 102 12/32   US Dollar (.DXY) Index EUR/USD -5 pips at 1.3520 GBP/USD -15 pips at ...
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  • HEFFX Daily FX Technical Alerts

    HEFFX Daily FX Technical Alerts

    $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 101.85. Pivot: 101.85 Our preference: Long positions above 101.85 with targets @ 104.15 & 105.1 in extension. Alternative scenario: Below 101.85 look for further downside with 101.15 & 100.4 as targets. Comment: The RSI is mixed. Opinion published is ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies Traders are focused on EUR, it is possible  that a major bottom may be formed at 1.3489 with confirmation on break above 1.3600 . If that comes it will  affect the US Dollar (.DXY) landscape. EUR ar 1.3530, Bears are cautious. A break above 1.3540 may extend this bounce to 1.3570-1.3600,  but above ...
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  • World's Major Currencies Very Calm In Here

    World’s Major Currencies Very Calm In Here

    World's Major Currencies Very Calm In Here USD got off to a steady start Monday as some calm returned to markets following an initial bout of risk aversion stemming from the flare up in geopolitical tension. The downing of a Malaysian airliner in eastern Ukraine last week and fighting in Israel-Gaza still dominated the headlines, developments over ...
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  • US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat 10-Yr: -14/32..2.491%.. USD/JPY: 101.40.. EUR/USD: 1.3515 Afternoon Update US Treasuries 2y -02/32 at 100 00/32 3y -04/32 at 99 22/32 5y -09/32 at 99 24/32 7y -11/32 at 99 28/32 10y -14/32 at 100 01/32 30y -25/32 at 101 09/32   US Dollar (.DXY) Index EUR/USD -10 pips at 1.3515 GBP/USD -30 pips at ...
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  • FX News: The Best MT4

    FX News: The Best MT4

    MetaTrader 4 is a free-of-charge program specially designed for online trading in the Forex market. The built-in technical indicators allow you to analyze securities' quotes, whilst the MQL4 network enables the development and usage of automated trading strategies. Download Now: There is a Better MT4 Shayne Heffernan of HEFFX outlines why the latest offering of ...
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  • FX News: Online Personal Wealth Awards Recognises FxPro as Best FX Provider

    FX News: Online Personal Wealth Awards Recognises FxPro as Best FX Provider

    FX News: Online Personal Wealth Awards Recognises FxPro as Best FX Provider FxPro Group Ltd (FxPro) has won Best FX Provider at the Online Personal Wealth Awards at a ceremony held in Canary Wharf, London on 11th July 2014. This is the second wealth award the 100% FX Agency Model broker has won in 2014 ...
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  • FX News: SaxoTrader Named Best Retail Trading Platform by FX Week

    FX News: SaxoTrader Named Best Retail Trading Platform by FX Week

    FX News: SaxoTrader Named Best Retail Trading Platform by FX Week Saxo Bank, the leading online trading and investment specialist, is pleased to announce that SaxoTrader, its multi-asset trading platform, has been named best retail trading platform at the FX Week e-FX Awards. Saxo Bank, one of the early innovators in online FX trading, has ...
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  • FX News: Boston Technologies and Forexware Announce Business Merger

    FX News: Boston Technologies and Forexware Announce Business Merger

    FX News: Boston Technologies and Forexware Announce Business Merger Forexware, LLC and Boston Technologies, Inc. today announced a merger of their two business operations. The new company combines Boston Technologies, a leading provider of financial technology and one of the fastest growing companies in Boston[i] with Forexware, a leading provider of end-to-end forex (FX) software ...
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  • Trading Tool Magick Democratizes FX Algo Trading

    Trading Tool Magick Democratizes FX Algo Trading

    New web based trading tool Magick allows FX traders to initiate algorithmic trading strategies in just a few simple steps. This facilitates the deployment of complex computer assisted trading strategies without any need for programming or assistance from third-party software developers. Algorithmic trading has historically been the domain of large financial institutions due to its ...
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  • HEFFX Daily FX Alerts Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF

    HEFFX Daily FX Alerts Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF

    HEFFX Daily FX Alerts Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 101.85. Pivot: 101.85 Our preference: Long positions above 101.85 with targets @ 104.15 & 105.1 in extension. Alternative scenario: Below 101.85 look for further downside with 101.15 & 100.40 as targets. Comment: The RSI is ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies Risk-off is the traders mode now with the launching of Israeli ground offence in Gaza along with the MH-17 tragedy. The markets are not in a panic mode yet, as evident from the sudden entry and then exit of Hot Money into JPY, the  safe haven of the currency world. But Friday ...
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  • New York DFS Proposes Digital Currency Trading Licensing

    New York DFS Proposes Digital Currency Trading Licensing

    New York DFS Proposes Digital Currency Trading Licensing Thursday, New York financial services regulators proposed establishing rules for firms involved in receiving, transmitting, storing and converting digital currency.The proposal by the Department of Financial Services (DFS) would establish a so-called "BitLicense."Merchants and consumers who use the virtual currency such as Bitcoin to buy and sell goods ...
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  • US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat 10-Yr: +10/32..2.488%.. USD/JPY: 101.30.. EUR/USD: 1.3520 Afternoon Update US Treasuries 2y Unch at 100 01/32 3y +02/32 at 99 23/32 5y +04/32 at 99 25/32 7y +07/32 at 99 30/32 10y +10/32 at 100 02/32 30y +24/32 at 101 13/32 US Dollar (.DXY) Index EUR/USD -5 pips at 1.3520 GBP/USD -35 pips at 1.7100 ...
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  • GBP/USD Edges Lower

    GBP/USD Edges Lower

    The Currency pair GBPUSD edged lower on U.S. Fed chair Janet Yellen’s comments, the currency pair edged lower by a modest 0.02% on Wednesday after positive outlook of U.S. economy by Janet Yellen, the currency pair traded in a very narrow range of 1.7116 and 1.7151 and consolidated at 1.7139, the currency pair has been ...
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  • Trend Continues To Remain Bearish In EUR/USD

    Trend Continues To Remain Bearish In EUR/USD

    In my opinion, breaking down from the support zone at $1.35742 is a bearish indicator and makes me believe that the currency pair can head lower in the medium term. This level of $1.35742 will now act as the resistance for the currency pair in the short term. The next level of support for the ...
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  • EUR/USD Rides The Yellen Primer For Early Rate Hike

    EUR/USD Rides The Yellen Primer For Early Rate Hike

    EUR/USD currency pair showed movement, as Wednesday’s bi-annual testimony by Fed Chairperson Janet Yellen before the Senate Banking Committee sparked speculation of a pre-dated rate revision. This support led to the dollar reaching one-month high, allowing the greenback held its own against other lead currencies. EUR/USDwas found to be moving downward in European trading sessions, ...
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  • GBP/USD Slides On Yellen-Factor

    GBP/USD Slides On Yellen-Factor

    GBP/USD currency pair was on the downward slide, following the series of views shared on the US Economy by the Chairperson of the Federal Bank, Janet Yellen. The Pound has been on a downward slide from in-bound data release and greenback’s positive moves, based on Yellen official statements. During the trading session on Wednesday, GBP/USD ...
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  • GBP/USD Extends Losses On Yellen Comments

    GBP/USD Extends Losses On Yellen Comments

    GBP/USD pair started the trading on Thursday in negative territory. It is extending the losses of the previous day. On an intraday basis the pair was trading at 1.7127 at 3.00 am ET, up from the low of 1.7115 and down from the high of 1.7151. On Wednesday GBP/USD pair opened at 1.7143, made a ...
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  • EUR/USD Extends The Losses Against U.S. Dollar on Yellen Comments

    EUR/USD Extends The Losses Against U.S. Dollar on Yellen Comments

    The Euro extended its losses in the early morning trade against the dollar on Thursday’s trading session. It is also trading near the one month low against the dollar. It also was trading at a five-month low against yen. The single currency was seen under pressure due the divergence on monetary policy noticed between the ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies The growing divergence in monetary policy outlooks and economic activity has pshed down EUR, it is not testing Key support, potentially trend decider for USD. The Buck  is the currency to watch in here. EUR at 1.3528 is close to the Key support area at 1.3500-1.3475 now, below that shows the way ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up 10-Yr: +03/32..2.541%.. USD/JPY: 101.70.. EUR/USD:1.3525 Afternoon Update US Treasuries 2y -01/32 at 99 31/32 3y -02/32 at 99 20/32 5y -02/32 at 99 19/32 7y Unch at 99 20/32 10y +03/32 at 99 20/32 30y +09/32 at 100 14/32   US Dollar (.DXY) Index EUR/USD -40 pips at 1.3525 GBP/USD -15 pips at ...
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  • Trading the Japanese Yen JPY Using Ichimoku

    Trading the Japanese Yen JPY Using Ichimoku

    Shayne Heffernan of HEFFX.com HEFFX is the leading FX broker in terms of pricing, execution, regulation and education. Commonly used in Japanese trading rooms, Ichimoku is often applied to establish the trend for a pair and detect trend breakouts. It is decent during range bound markets and like most indicators performance often improves when used ...
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  • EUR/USD Outlook

    EUR/USD Outlook

    The euro was trading at one-month lows versus the dollar on Wednesday after the Federal Reserve Chairperson Janet Yellen opted for a more dovish stance for interest rates. She indicated that rates can rise sooner if the economy improves at a steady pace. EUR/USD was trading at 1.3557 in early morning trade on Wednesday. It ...
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  • GBP/USD Continues The Rally on U.K. Inflation Data

    GBP/USD Continues The Rally on U.K. Inflation Data

    GBP/USD is in no mood to stop its world-beating rally. For last few days, it was trading quiet, but it resumed its uptrend as a rise in the U.K. consumer prices is making a favorable case for Bank of England to hike its main interest rate. As of now, the interest rate is at a ...
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  • EUR/USD Trades A Shade Lower Even As Yellen Reiterates Growth Curve Good

    EUR/USD Trades A Shade Lower Even As Yellen Reiterates Growth Curve Good

    EUR/USD currency pair was found to be lower than previous sessions during US trade time. The greenback’s fall and later rise, on-cue with Federal Chairperson Janet Yellen’s deposition before the Senate Banking Committee, affected its levels during trading against the major currencies. The US Dollar Index, which tracks the greenback’s performance against a line-up of ...
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  • GBP/USD Trades Higher As UK Inflation Firm

    GBP/USD Trades Higher As UK Inflation Firm

    GBP/USD currency pair, made rapid upward gains, as the Pound became stronger because inflation rates in the UK were greatly contained, contrary to expectations. The pounds gains were much higher than the greenback’s; post the Congressional testimony by Chairperson Yellen. Cable indicates that the pair will find support at 1.7060, the low earlier in the ...
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  • Dow Struggles As Yellen Hits The Brakes

    Dow Struggles As Yellen Hits The Brakes

    Dow Jones Industrial Average had a mixed day at Tuesday trading sessions, thanks to Federal Reserve Chairperson Janet Yellen’s economic recovery update before the Senate Banking Committee. While the Dow opened the session, in the aftermath of Citi’s good home-run, it jolted as Yellen’s session began. The Dow reacted to her comments through the day ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies The Investor Confidence in Europe dropped to 27.1 from 29.8 last month, a fall sharper than expected that dragged EUR lower, the Buck  got stronger Vs EUR and JPYm which may be reflected against INR too. EUR at 1.3565 failed to break above 1.3640, as a result may retest the Key support ...
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  • US Dollar (.DXY) Rallies To Multi-Week High

    US Dollar (.DXY) Rallies To Multi-Week High

    US Dollar (.DXY) Rallies To Multi-Week High EUR falls below 1.3600 on Portuguese Bank worry The US Dollar (.DXY) Index advanced across its 200-Day MA at 80.34 and to its best level since 24 June during Fed Chairwoman Janet Yellen's Senate testimony. She kept her message in-line with prior comments as she was upbeat about the direction ...
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  • JPY/USD Inches Higher

    JPY/USD Inches Higher

    JPY/USD was found to rise higher during the trading session reaching 101.65 from the previous 101.52 towards the end of trading session Monday. Much of the levels were based on the Bank of Japan’s policy declaration. The central bank proposed that the monetary policy target would continue to be the same. The decision was taken ...
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  • AUD/USD Slips As News RBA Bears Down Interest Rates

    AUD/USD Slips As News RBA Bears Down Interest Rates

    AUD/USD currency pair slipped lower as the Australian Dollar fared poorer than the green back. The cause of the slide for the Aussie dollar was some hard policies by the Reserve Bank of Australia, which preferred to retain interest rates low for a longer stretch of time. There was some relief as some positive data ...
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  • HEFFX Daily FX News

    HEFFX Daily FX News

    Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF Crude Oil (NYMEX) (Q4) Intraday: under pressure.   Pivot: 101.6 Our preference: Short positions below 101.6 with targets @ 99.4 & 98.8 in extension. Alternative scenario: Above 101.6 look for further upside with 103 & 103.6 as targets. Comment: The RSI is bearish and calls for further ...
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  • EUR/USD Trades Firm As Market Awaits Yellen Cues

    EUR/USD Trades Firm As Market Awaits Yellen Cues

    The EUR/USD pair is trading flat to positive in early morning trade on Tuesday. It posted gains on Monday. The euro traded steady against the dollar as the markets await the congressional testimony. All the markets are in a wait and watch mode, and awaits the Yellen cues to get direction. Federal Reserve Chairwoman Janet ...
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  • GBP/USD Trades Firm As Market Preps For Yellen Testimony

    GBP/USD Trades Firm As Market Preps For Yellen Testimony

    GBP/USD opened the trading session on Tuesday in green as against the closing of red on Monday. The dollar traded steady against the pound on Monday. There were no major economic indicators or news to boost the gains in the pound against the dollar. All the major markets including currency and equity market are waiting ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies EUR firm even when the ECB president Draghi said that this strength was a concern for the economic recovery of the Eurozone, and nearly all the majors are trading quietly with no volatility visible anywhere right now. EUR at 1.36114 consolidating in the broader range of 1.35-1.37 for the last 6 wks ...
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  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -07/32..2.544%.. USD/JPY: 101.55.. EUR/USD: 1.3610 Afternoon Update 2y -01/32 at 100 01/32 3y -02/32 at 99 24/32 5y -04/32 at 99 23/32 7y -06/32 at 99 23/32 10y -07/32 at 99 18/32 30y -12/32 at  100 06/32   US Dollar (.DXY) Index EUR/USD +5 pips at 1.3610 GBP/USD -40 pips at 1.7075 USD/JPY ...
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  • GBPUSD Moving Sideways

    GBPUSD Moving Sideways

    The currency pair GBP/USD edged lower on Friday amid profit booking and Positive Jobs reports from the U.S. economy, the Pound lost its positive buying momentum after the U.S. posted positive jobs reports, the labor department stated the initial jobless claims for the week ending July 5th 2014 declined by 11,000 to a total of ...
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  • Upside Momentum In EURUSD

    Upside Momentum In EURUSD

    EUR/USD on the daily charts showed some good upside momentum after being in bearish territory for most of last week. The currency pair tried moving higher but found stiff resistance at the 200 day moving average and gave up most of its gains. In my opinion, if the currency pair is unable to move above ...
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  • GBPUSD GBP Trails USD As Interest Rates Remain A Major Factor

    GBPUSD GBP Trails USD As Interest Rates Remain A Major Factor

    GBPUSD GBP Trails USD As Interest Rates Remain A Major Factor GBP/USD was trading excessively weak on Monday as the British pound slipped 0.16% to 1.7078. While, the dollar was also trading weak against the major currencies, but it remained strong against the sterling. In the U.S., the major focus remains on the much awaited ...
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  • EURUSD Euro Up As ECB’s Draghi To Give Testimony Today

    EURUSD Euro Up As ECB’s Draghi To Give Testimony Today

    Euro is heading strong against the dollar during the early U.S. hours but remains in a tight range as the market players turn their focus to the European Central Bank President Mario Draghi's testimony, later today. Euro was trading 0.09% higher against the dollar at 1.3619. The pair is expected to get support at a ...
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  • Where Is GBP/USD Headed?

    Where Is GBP/USD Headed?

    GBP/USD the currency pair is under pressure as the royal currency slipped against the green back on Friday. Sterling Pound found itself weaker as the country’s construction data reported less than estimated numbers. The pair showed some late evening slide on the last day’s trading last week, closing at $1.7106, down by 0.15%. The currency ...
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  • FX News: AUDUSD

    FX News: AUDUSD

    FX News: AUDUSD AUD/USD currency pair at the start of a trading new week in July saw the Australian dollar, remain unchanged as US continues on a dry session, with no data scheduled for release. AUD/USD currency pair was found to trade at 0.9403 towards the close of the Asian trading session, finally closing the ...
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  • Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow Singapore’s economy contracted unexpectedly in April-June for the first time in seven quarters. Singapore’s GDP shrank by 0.8 percent in the second quarter from the previous quarter on a seasonally adjusted and annualized basis, a much weaker outcome than the median forecast of 2.5 percent growth seen in a Reuters ...
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  • Managed Accounts

    Managed Accounts

    Managed Accounts 95% of traders lose money this is a fact. 5% of elite traders have learned to consistently be profitable month after month by controlling risk, however it is an extremely long and difficult learning curve and most people never get there. This is why, if you don’t have either the time or experience ...
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  • China-Europe RMB Yuan Settlement Up In May

    China-Europe RMB Yuan Settlement Up In May

    1China-Europe RMB Yuan Settlement Up In May The China-Europe settlement of Chinese currency Renminbi (RMB), the Yuan, saw fast growth in May, according to a report unveiled Saturday by the Bank of China (PINK:BACHY, HK:3988). The Yuan settlement amount between China's Mainland and 4 European countries; Germany, Britain, Luxembourg and France 2X'd from a year ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up 10-Yr: +06/32..2.511%.. USD/JPY: 101.30.. EUR/USD:1.3602 Afternoon Update 2y Unch at 100 02/32 3y +01/32 at 99 26/32 5y +02/32 at 99 30/32 7y +04/32 at 99 31/32 10y +06/32 at 99 28/32 30y +16/32 at 100 21/32   US Dollar (DXY) Index EUR/USD -5 pips at 1.3600 GBP/USD -25 pips at 1.7105 USD/JPY ...
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  • USD/JPY Trading In Narrow Range

    USD/JPY Trading In Narrow Range

    USD/JPY on the daily charts has been trading in a very narrow range since last couple of weeks. The currency pair has been finding resistance at levels of 102.12 and whenever the currency seems to rally it is met with selling at higher levels and hasn’t been able to convincingly cross over the downward sloping ...
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  • GBP/USD Sells Off

    GBP/USD Sells Off

    GBP/USD sold off in yesterday’s trading session gave up all of the gains that it made in the previous day. This was more on the back of a selloff in the equity markets on the news coming out of Portugal. The currency pair has been in a tremendous uptrend over the past year, but has ...
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  • EUR/USD Sell Off

    EUR/USD Sell Off

    Technically, on the daily charts, EUR/USD witnessed a huge sell off and the formation of a bearish engulfing pattern which is a bearish sign. The currency pair had been in a steady uptrend over the last week but this news led to the currency pair giving up most of its weekly gains. The next support ...
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  • EURUSD: USD Gains As EU Banks Trigger Crisis

    EURUSD: USD Gains As EU Banks Trigger Crisis

    European banks, in particular Portugal, Spain and Italy have proved to be the epicentre, driving waves of concern on the viability of leading banks in the region. EUR/USD currency pair in the US traded low by 0.26% on Thursday, reaching points of 1.3605. As news of the largest bank in Portugal, Banco Espirtio Santo failing ...
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  • Copay: New Bitcoin Payment Platform

    Copay: New Bitcoin Payment Platform

    CoPay an open source wallet service, was launched by BiPay, one of the leading payment processing service providers. The requirement for a brand new wallet service was prompted by the need to create a secure platform to fill-up the security loopholes despite the use of private keys. The knowledge that the lack of such keys ...
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  • Bitcoin Trading Volatile On Friday

    Bitcoin Trading Volatile On Friday

    Bitcoin started the trading today on a soft note. The virtual currency closed in red on Friday. BTC/USD pair closed at $615.11 down 0.88% at Coindesk BPI exchange. It opened flat at same level on Friday 11, 2014. It made a low of $613.87 in early morning trade. It recovered from day’s low and was ...
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  • GBPUSD Declines On Upbeat U.S. Jobless Claims Data

    GBPUSD Declines On Upbeat U.S. Jobless Claims Data

    The dollar traded firm against the pound on Thursday after the release of U.S. jobless claims data. The data showed a decline in people seeking jobless benefits in last week. The data came better than the market’s expectations. GBP/USD was trading with a fall of 0.22% at 1.7121 on Thursday. It recovered from session's low ...
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  • EUR/USD Snaps Three-Day Gain on Portuguese Bank Concerns

    EUR/USD Snaps Three-Day Gain on Portuguese Bank Concerns

    The euro stopped its rally against the dollar due to the raising Portuguese bank concerns. A Portuguese banking company has missed the debt payments. It has made the investors wary about the economic recovery of the region. It seems more vulnerable to the outer shocks. It becomes more important at a time when the economy ...
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  • The US Dollar (.DXY) Index Traded Near Session Highs

    The US Dollar (.DXY) Index Traded Near Session Highs

    The US Dollar (.DXY) Index Traded Near Session Highs .DXY hung at the flat line overnight efore steady buying took hold for the remainder sesion. 10-Yr: +04/32..2.535%.. USD/JPY: 101.32.. EUR/USD:1.3594 EUR/USD is -40 pips at 1.3600 as trade looks to put in its 1st loss in 4. Euro came under pressure during Thursday's session as concerns over the health of the ...
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  • Sell Off Seen In AUD/USD

    Sell Off Seen In AUD/USD

    The AUD/USD saw some very good buying interest emerge from lower levels over the last couple of days. This seem to have waned in todays trading session and we have witnessed a serious sell off in the currency pair. The currency pair saw some upmove in the morning session but soon saw selling pressure emerge ...
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  • Selling Pressure In GBP/USD

    Selling Pressure In GBP/USD

    GBP/USD in yesterday’s trading session saw some buying at lower levels but this was on back of very low volumes and therefore we are seeing the rally being sold into in today’s trading session. This in my opinion confirms my view that the currency pair has been finding exhaustion at higher levels. This in my ...
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  • EUR/USD Continues To Move Up

    EUR/USD Continues To Move Up

    The EUR/USD continued its up move on the daily charts. The currency pair has formed a bullish engulfing on the daily charts is currently trading very close to the upward sloping trend line resistance at $1.36517. In my opinion, if the currency pair is able to close above the above mentioned level we might see ...
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  • The Story Of Bitcoin Silk Road Suit & Its Creator

    The Story Of Bitcoin Silk Road Suit & Its Creator

    Where Bitcoins are in discussion, money-laundering and sleaze raise their illegal heads. The story now is of the Silk Road, an underground bitcoin route which was created to stash cryptocurrency bitcoin from prying eyes of federal observers. At the center of the allegations is Ross Ulbricht, controversially credited with creating the subversive route to counter ...
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  • BTC/USD To Correct Amidst Growing Problems

    BTC/USD To Correct Amidst Growing Problems

    BTC/USD pair faced pressure on Wednesday as it is surrounded by on-going legal problems. The speculators are unable to find any positive catalysts to influence the price direction. The pair started the trade with a fall of more than 1% on Wednesday. Also, it has started the trading on Thursday at a weaker note trading ...
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  • GBP/USD Starts The Day On A Soft Note

    GBP/USD Starts The Day On A Soft Note

    The pound has started the trading on a flat note against the U.S. dollar on Thursday. The pair is trading flat around 1.7157. The pound had a slightly volatile session against the U.S. dollar on Wednesday. The pound started the day on a weak note yesterday as the investors were cautious about the Fed Minutes. ...
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  • EUR/USD Gains After Fed Minutes

    EUR/USD Gains After Fed Minutes

    Finally, the much awaited Fed minutes were out on Wednesday. The meeting was expected to provide clear insight on the interest rates that are set to increase from next year. The ambiguity resulted in the fall in the dollar. It fell the most in more than a week. The euro maintained its positive momentum and ...
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  • China's FinMin Defends Forex Intervention

    China’s FinMin Defends Forex Intervention

    China's FinMin Defends Forex Intervention China's finance minister Wednesday defended the country's currency interventions, saying it was difficult to take a hands-off approach when it came to the RMB Yuan, given an unsteady economy and abnormal capital inflows. Speaking on the 1st day of annual high-level talks between China and the United States, Lou Jiwei ...
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  • US Dollar (.DXY) Seeing 3rd Day Running Of Losses

    US Dollar (.DXY) Seeing 3rd Day Running Of Losses

    US Dollar (.DXY) Seeing 3rd Day Running Of Losses The US Dollar (.DXY) Index tapped the 80.20 flat line following the release of the June FOMC minutes, and faded to Red as trade pressed lower to 80.10. The minutes showed the Committee discussed ending its QE program in October with a $15-B taper, not "set ...
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  • Weak U.K. Manufacturing Data Continues To Weigh On GBP/USD

    Weak U.K. Manufacturing Data Continues To Weigh On GBP/USD

    GBP/USD is sharply lower on Wednesday ahead of the Fed's policy meet today. The pair was last trading 0.19% down at 1.7098, however, sterling remain supported at 1.7100 levels. As far as the technical are concerned, the pair is likely to get its support at 1.7075 and resistance at 1.7146. Losses Guarded The fall in ...
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  • Dollar Constant Ahead Of The Fed’s Policy Meet

    Dollar Constant Ahead Of The Fed’s Policy Meet

    Dollar witnessed little volatility in its prices as it held up steadily against most of the major currencies on Wednesday. However, the market players are cautious as all the eyes are set on the Fed's policy meet later today. In the meanwhile, the EUR/USD pair shed some gains, that is, upto an extent of 0.06% ...
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  • Bitcoins.com Auction Money To Be Utilized To Pay Mt. Gox Creditors

    Bitcoins.com Auction Money To Be Utilized To Pay Mt. Gox Creditors

    Bitcoins.com, the website dedicated to deliver information on the digital currency, has been put up for sale by its owner Mark Karpeles, CEO of the collapsed Mt. Gox exchange. The domain is slated to be auctioned on July 24 by Heritage Auctions, which is a U.S. based auction house. While the sale of the domain ...
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  • EUR/USD Up On Euro’s Partial Gains

    EUR/USD Up On Euro’s Partial Gains

    In the start of this week, July 7, the US dollar is riding some cold waves, as investors wait for what the Federal Reserve’ June policy meeting minutes to be announced on Wednesday. Much of the wait, for investors is on the critical factor of the interest rate hike and its timing. EUR/USD during Tuesday’s ...
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  • Bullish Engulfing Pattern In AUD/USD

    Bullish Engulfing Pattern In AUD/USD

    The AUD/USD saw some very good buying interest emerge from lower levels over the last couple of days. The currency pair has formed a bullish engulfing pattern on the daily charts which confirms to me that the currency pair can make move to higher levels in the coming days. The currency pair saw some profit ...
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  • Has Correction Began In GBP/USD?

    Has Correction Began In GBP/USD?

    GBP/USD has been in strong up move but is showing first signs of exhaustion at the higher levels. The currency has been steadily moving lower over the last couple of trading sessions which in my belief shows that even though the currency pair is currently at 6 year highs, we might be witnessing the first ...
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  • Bargain Hunting Seen In EUR/USD

    Bargain Hunting Seen In EUR/USD

    The EUR/USD on the daily charts saw a good upmove in the last few trading sessions as it took support at levels of $1.35742. The currency pair saw some bargain hunting at lower levels and saw the currency close in the green. One thing to point out here is that the currency pair seems to ...
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  • Easiest Forex Trading Strategies

    Easiest Forex Trading Strategies

    Easiest Forex Trading Strategies One of the easiest Forex trading strategies to master is known as currency analysis. This is a relatively foolproof method of predicting market movements and currency fluctuations. There are two different methods used to analyze currency: technical analysis and fundamental analysis. Technical analysis relies on the price of currency pairs to ...
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  • HEFFX FX Trading News

    HEFFX FX Trading News

    HEFFX FX Trading News Crude Oil (NYMEX) (Q4) Intraday: rebound expected. Pivot: 102.95Our preference: Long positions above 102.95 with targets @ 103.95 & 104.65 in extension.Alternative scenario: Below 102.95 look for further downside with 102.35 & 102.05 as targets.Comment: A support base at 102.95 has formed and has allowed for a temporary stabilisation. Opinion published ...
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  • GBPUSD Trading Outlook Negative

    GBPUSD Trading Outlook Negative

    GBPUSD Trading Outlook Negative The Bank of England is again set to leave its key interest rate at a record low of 0.50 percent Thursday after it launched measures to cool Britain's housing market. The BoE is forecast also to leave its level of cash stimulus, or quantitative easing, pumping around the economy at 375 ...
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  • Indonesian Economic Update

    Indonesian Economic Update

    Indonesia’s foreign exchange reserves increased 0.7 percent in June, thanks in part to the rise in the government’s oil and gas revenue and higher foreign-exchange term deposits at local banks. Reserves climbed to $107.7 billion at the end of June, from $107 billion a month earlier, the central bank said in a statement on Monday. ...
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  • FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update Foreign exchange reserves rose for the fourth consecutive month in June to $80.7 billion as foreign money in various forms continued to flow into the country, the central bank reported Monday. Documents released Monday showed the country’s gross international reserves (GIR) rose to their highest level for the year ...
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  • US Dollar (DXY) Index Falls For 2nd Day Running

    US Dollar (DXY) Index Falls For 2nd Day Running

    US Dollar (DXY) Index Falls For 2nd Day Running The US Dollar (DXY) Index hangs on at session lows near 80.15.  The Buck held small gains during the overnight session, but slipped into the Red just after US equity markets opened Tuesday. EUR/USD is +5 pips at 1.3610 as trade fights for a 2nd day ...
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  • EUR/USD: Fed Minutes Steady Dollar

    EUR/USD: Fed Minutes Steady Dollar

    EUR/USD may have edged downward to 1.3593, but the dollar remained in focus, even as the Minutes of Fed Reserve made the headlines. The USD continued to remain within the highs the currency saw in the previous week. Though the gains reported by the dollar was more in broader terms, the job gains reported in ...
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  • Bitcoin Trading Range Bound

    Bitcoin Trading Range Bound

    In interesting news, Bitcoins were found to trade within a range, allowing investors interested in point zone to make low risk profits. BTC/USD was found to be at 20 point zone (chart) and moving between 638 where it found the first instance of resistance and 616, where it found the first-level support.  Therefore, at current ...
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  • Interest Emerges In $AUDUSD At Lower Levels

    Interest Emerges In $AUDUSD At Lower Levels

    The AUD/USD was able to cross above the resistance zone at $0.93595 after seeing some buying interest emerge at lower levels. The currency pair had tested its support level at an upward sloping trend line at levels of $0.93372 before bouncing back. The currency pair has been in a strong uptrend over the last year ...
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  • $GBPUSD Is Overbought In Short Term

    $GBPUSD Is Overbought In Short Term

    GBP/USD has been on a massive bull run for most part of the year forming higher highs and higher lows. Looking at the daily charts the currency pair is highly overbought and is currently showing first signs of exhaustion at higher levels and making me believe that the currency pair might enter a corrective phase ...
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  • $EURUSD Pulls Back

    $EURUSD Pulls Back

    The EUR/USD saw a smart pull back in yesterday’s trading session as the currency pair bounced back from levels of $1.35742 which has emerged as a good support zone for the currency pair. The smart recovery also meant that the currency pair was able to close above the upward sloping trend line resistance which would ...
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  • $EURUSD Dollar Steady But Cautious Ahead Of Fed’s Policy Meet On Wednesday

    $EURUSD Dollar Steady But Cautious Ahead Of Fed’s Policy Meet On Wednesday

    $EURUSD Dollar Steady But Cautious Ahead Of Fed’s Policy Meet On Wednesday EUR/USD is trading marginally low against the greenback as dollar remains steady ahead of the Fed policy meet on Wednesday. EUR was trading 0.04% lower against the USD to 1.3598. The currency pair is expected to get support at 1.3540 and resistance at ...
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  • $GBPUSD Tumbles On U.K. Manufacturing Data

    $GBPUSD Tumbles On U.K. Manufacturing Data

    GBP/USD is trading extremely weak on Tuesday after the manufacturing data released in the U.K. added concerns about the economic recovery there. In the meanwhile, the dollar is holding up steadily against other major currencies as the Fed's policy meet is scheduled tomorrow. The sterling dropped by as much as 0.13% to 1.7106 after a ...
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  • $JPYUSD: Yen Holds Against USD And Others

    $JPYUSD: Yen Holds Against USD And Others

    JPY/USD pair posted declines as the greenback showed weakness, while the Yen was under pressure by Japanese equities. Yen traded higher with respect to other currencies on Monday, with the sole exception of New Zealand dollar. Yen is expected to follow indicators, showing ‘risk appetite’ in line with yesterday’s indices for leading as well as ...
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  • $NZDUSD: Caught In The Net Of ‘Carry Trade’

    $NZDUSD: Caught In The Net Of ‘Carry Trade’

    CNBC news report brought to the forefront the use of currency pairs such as NZD/USD for a method of trading popularly called as ‘Carry Trade.’ In this trading method, a low-yielding currency is used to buy higher-yielding currency such as New Zealand Dollar. The low yielding currencies could be the Yen or the US Dollar. ...
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  • ISIS and Bitcoin

    ISIS and Bitcoin

    ISIS and Bitcoin While some of the big entrepreneurs have come forward to support the usage of Bitcoins, terrorists have also spiked their interest in the virtual currency, but this time, their interest could further jeopardize the development of bitcoin. As per Sky News, the Islamic State of Iraq and Syria (ISIS) is keen to ...
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  • US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat 10-Yr: +06/32..2.613%.. USD/JPY: 101.80.. EUR/USD:1.3605 Afternoon Update US Treasuries 2y -01/32 at 99 30/32 3y Unch at 99 23/32 5y Unch at 99 14/32 7y +02/32 at 99 08/32 10y +06/32 at 98 31/32 30y +19/32 at 98 27/32   US Dollar (DXY) Index EUR/USD +10 pips at 1.3605 GBP/USD -30 pips at ...
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  • HEFFX FX Preview Wall Street Session

    HEFFX FX Preview Wall Street Session

    EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF Dozens of major companies are scheduled to report next week, including numerous Dow components. Investors see a slight chance that profits for S&P 500 companies could return to double-digit growth for the first time in nearly three years. The CBOE Volatility index is down almost 25 percent so far ...
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