Currencies

  • HEFFX USD/JPY- Technical Analysis

    HEFFX USD/JPY- Technical Analysis

    The overall weekly trend for USD/JPY seems to be neutral with a positive bias. There is a bullish flag in the weekly chart. This is marked in the chart below. This bullish flag indicates consolidation after a big move. However, there is a bearish divergence in the RSI which is a bearish sign. This is ...
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  • HEFFX GBP/USD- Technical Analysis

    HEFFX GBP/USD- Technical Analysis

    The overall weekly trend for GBP/USD seems to be up. The currency pair has been forming higher highs and higher lows and has been trading above their important moving average which is a bullish sign.  The currency pair took support in the middle band of the Bollinger band. The risk reward ratio favors the longs ...
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  • HEFFX EUR/USD- Technical Analysis

    HEFFX EUR/USD- Technical Analysis

    Weekly chart for the currency pair of EUR/USD shows the weekly trend as neutral with a negative bias. The currency pair is forming a rising wedge in the weekly chart. This is a bearish pattern and a breakdown below this pattern would change the overall long term trend to bearish. The pattern has been marked ...
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  • Forex Market Exchange Rates In China - 28 March

    Forex Market Exchange Rates In China – 28 March

      Forex Market Exchange Rates In China - 28 March Below are the central parity rates of the Chinese currency Renminbi (RMB), or the Yuan, against 10 major currencies, as announced  Friday by the China Foreign Exchange Trading System: Currency Unit Central parity rate (in Yuan) US Dollar (USD) 100 614.90 Euro (EUR) 100 845.06 ...
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  • US Dollar Index (,DXY) Ticks Up On Quiet Session

    US Dollar Index (,DXY) Ticks Up On Quiet Session

    US Dollar Index (,DXY) Ticks Up On Quiet Session The Dollar Index (.DXY) held small gains in a quie trading day. Thursday's session saw a 20 cent range as trade locked between 80.00-80.20. The sideways action did not dampen the Bull, as trade appears to be consolidating for a test of Key resistance  at the 80.50 mark. ...
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  • UBS AG (NYSE:UBS) Suspends Foreign Exchange Traders

    UBS AG (NYSE:UBS) Suspends Foreign Exchange Traders

    UBS AG (NYSE:UBS) has now suspended 4 foreign exchange traders amidst a series of global probes into certain currency market manipulation. A Bloomberg report stated that 3 unnamed Singapore & Switzerland-based traders have been sent home temporarily, and Onur Sert, an emerging markets trader, from New York has also been sent home. The UBS AG ...
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  • EUR/USD- Technical Update For The Day

    EUR/USD- Technical Update For The Day

    On analyzing the daily chart of EUR/USD pair, the overall trend seems to be neutral with slight positive bias. The currency pair had broken down from an uptrend channel and has been consolidating. The uptrend channel has been marked in the daily chart below. The long term trend is up as long as it trades ...
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  • Technical Update For GBP/USD

    Technical Update For GBP/USD

    The overall daily trend for GBP/USD seems to be up. The currency pair has been making higher highs and higher lows since some time.  The currency pair is trading nearer to the trend line. Hence the risk reward favors the longs at this point. Also the currency pair bounded up from the lower end of ...
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  • Technical Update For USD/JPY

    Technical Update For USD/JPY

    On analyzing the daily chart of USD/JPY, the overall trend seems to be neutral with positive bias. The currency pair is trading in a narrow range as marked in the chart below. Fresh positions should be taken only once it breaks out of the range. The support and resistance lines have been marked in the ...
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  • Technical Update For AUD/USD

    Technical Update For AUD/USD

    On analyzing the daily chart of AUD/USD currency pair, the overall trend seems to be upwards. The currency pair seems to have broken out of an inverted head and shoulders pattern on Tuesday, March 25. This is a very bullish sign. The target of the pattern comes to around 0.96161. The RSI is above 50 ...
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  • RMB Yuan Sees Record-high Activity On Global Markets In February

    RMB Yuan Sees Record-high Activity On Global Markets In February

    RMB Yuan Sees Record-high Activity On Global Markets In February February saw the Renminbi, or China's Yuan (CNY) saw a record-high activity share on the global foreign exchange markets with 1.42% of business, data revealed Wednesday by SWIFT RMB tracker revealed. RMB's 1.42% share was up from 1.39% in the same month a year earlier. ...
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  • Reforms At Shanghai FTZ Push For Full Convertibility Of RMB Yuan

    Reforms At Shanghai FTZ Push For Full Convertibility Of RMB Yuan

    Reforms At Shanghai FTZ Push For Full Convertibility Of RMB Yuan Pilot financial liberalization schemes in Shanghai free trade zone (FTZ) will soon include a free trade account and a capital market for foreign investors. Dai Haibo, deputy director of the FTZ admin committee, set a timetable for the launch of both the free trade ...
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  • US Dollar Index (.DXY) Hangs Little Changed

    US Dollar Index (.DXY) Hangs Little Changed

    US Dollar Index (.DXY) Hangs Little Changed USD/JPY: 101.97.. EUR/USD: 1.3787 The US Dollar Index (.DXY) traded little changed as action hung near the 80.00 mark. The Index has been bid throughout the session, aside from a quick dip into the Red late. EUR/USD is -40 pips at 1.3785 sellers in control for a 2nd session running. Wednesday's weakness has ...
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  • AUD/USD- Technical Analysis

    AUD/USD- Technical Analysis

    On analyzing the four hour charts of the AUD/ USD pair of currencies, the overall trend seems to be upwards. The stock broke out of a cup and handle pattern. Strong support now exists at 0.91379. The target for this cup and handle pattern comes to 0.93522. The Relative Strength Index is at 70 and ...
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  • EUR/USD- Technical Analysis Update

    EUR/USD- Technical Analysis Update

    The overall trend for EUR/ USD when analyzing the four hour chart seems to be neutral. The currency par had broken down from the 4 hourly trend line few days ago and is consolidating within a triangle now. Fresh positions are recommended only once it breaks out of the consolidation area. As seen from the ...
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  • GBP/USD- Technical Analysis

    GBP/USD- Technical Analysis

    The overall trend for GBP/USD on analysis of 4 hour chart seems to be down. The currency pair is within a downtrend channel as indicated in the chart below. The short terms trend seems to be bearish as long as it is trading within this channel. Every rise towards the top of the channel could ...
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  • USD/JPY- Technical Analysis

    USD/JPY- Technical Analysis

    On analyzing the overall trend of USD/JPY in the four hour chart, the currency pair seems to be in an upward trend. There seems to be a double bottom forming on the four hourly charts which is a bullish sign. Immediate short term target is 103.406. The RSI is currently at 50 and moving up, ...
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  • HEFFX FX Market Outlook, Charts and Alerts

    HEFFX FX Market Outlook, Charts and Alerts

    HEFFX FX Market Outlook, Charts and Alerts Stocks in Hong Kong gained 0.72 percent, following a rally on Wall Street after data showed a strong pick-up in US consumer confidence. The benchmark Hang Seng Index climbed 155.43 points to 21,887.75 on turnover of HK$73.89 billion. The yuan weakened 14 basis points to 6.1440 against the ...
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  • Mt Gox Being Probed By Tokyo Metropolitan Police

    Mt Gox Being Probed By Tokyo Metropolitan Police

    Mt Gox Being Probed By Tokyo Metropolitan Police On Wednesday, the Mt Gox representative said that the Bitcoin exchange is working with the Tokyo Metropolitan Police on a probe that is being conducted into what exactly had happened to 850,000 Bitcoins that the company said had been stolen by hackers. The company is slated to ...
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  • Andreessen Mocks Buffett For Critical Bitcoin Position

    Andreessen Mocks Buffett For Critical Bitcoin Position

    Andreessen Mocks Buffett For Critical Bitcoin Position BRK-A Silicon Valley venture capitalist Marc Andreessen, 42 anni,  mocked Warren Buffett, 83 anni, for his criticisms of the virtual currency Bitcoin. Mr. Buffett, who has built a $64-B fortune through his control of Berkshire Hathaway Inc. (NYSE:BRK-A) dismissed Bitcoin as a fad in recent interviews. The putdown ...
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  • Market Exchange Rates In China -- 26 March 2014

    Market Exchange Rates In China — 26 March 2014

    Market Exchange Rates In China -- 26 March 2014 The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 10 major currencies, as announced on Wednesday by the China Foreign Exchange Trading System: Currency Unit Central parity rate (in yuan) US Dollar  100 614.40 Euro 100 849.13 Japanese yen ...
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  • US Dollar Index (.DXY) Hangs On Flat Line

    US Dollar Index (.DXY) Hangs On Flat Line

    US Dollar Index (.DXY) Hangs On Flat Line The Dollar Index (.DXY) traded little changed near 79.95 Tuesday. DXY saw steady buying early lifting USD to the 80.25 mark before diving to 79.85 after the hawkish commentary of ECB head Marion Draghi. EUR/USD is -10 pips at 1.3825 as trade has erased most of its early losses. ...
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  • Yuan's Fall Threatens US Relations, Currency War Coming

    Yuan’s Fall Threatens US Relations, Currency War Coming

    Yuan's Fall Threatens US Relations, Currency War Coming Since February Chinese authorities have been intervening to push the RMB Yuan down, and the move threatens to upset the US and trigger a currency war with Asia. The USD has gained 2.4% against the Yuan since 14 February. The Chinese currency had been gradually appreciating, on ...
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  • FX News: China, The RMB and FX Markets

    FX News: China, The RMB and FX Markets

    FX News: China, The RMB and FX Markets A new research report – Offshore Chinese Renminbi Market (CNH) – from CME Group, the world's leading and most diverse derivatives marketplace, looks at recent developments and how they are changing the character of the RMB markets and of the FX markets in general. The People's Republic ...
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  • Bullish Pennant On USD/JPY

    Bullish Pennant On USD/JPY

    Bullish Pennant On USD/JPY The overall trend for USD/JPY pair seems to be up. The currency pair seems to be forming a bullish pennant on the daily chart. This is indicated in the chart below. The currency pair has been consolidating after the big uptrend and now fresh longs should be considered only after a ...
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  • Trend Is Up For GBP/USD

    Trend Is Up For GBP/USD

    Trend Is Up For GBP/USD The overall trend for the currency pair of GBP and USD seems to be upwards. The currency pair is trading very close to its daily uptrend line as shown in the chart below. Risk reward ratio favors the longs at this moment. For very short term traders, longs could be ...
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  • FX News: Neutral Trend For EUR/USD

    FX News: Neutral Trend For EUR/USD

    FX News: Neutral Trend For EUR/USD The daily trend for the currency pair of Euro and USD seems to be neutral. It had broken down from an uptrend channel as shown below. However, shorts are not recommended at this point as the overall trend seems to be neutral to positive. The currency pair took support ...
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  • FX News: Technical Update On AUD/USD

    FX News: Technical Update On AUD/USD

    FX News: Technical Update On AUD/USD On analyzing the daily chart, the trend seems to be in a consolidation phase. It is attempting to break out of an inverted head and shoulders pattern. The neckline of the pattern has been shown in the chart below. Only a breakout from the neckline with good volume would ...
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  • US Dollar Reversed Into Red , US Treasuries Up

    US Dollar Reversed Into Red , US Treasuries Up

    US Dollar Reversed Into Red , US Treasuries Up 10-Yr: +05/32..2.727%.. USD/JPY: 102.19.. EUR/USD: 1.3788 Afternoon Update Aggressive afternoon selling has dropped the US Dollar Index (DXY) into the Red, with trade pressed session lows below 79.80.The afternoon weakness saw action slipping off 1-month highs, and comes after early buying failed short of the resistance at 80.50. US Treasuries 2y unch ...
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  • HEFFX Daily FX Charts and Alerts

    HEFFX Daily FX Charts and Alerts

    HEFFX Daily FX Charts and Alerts Daily Technical LevelsMonday, March 24, 2014  Asian shares took an early knock after the China HSBC flash manufacturing purchasing managers index (PMI) fell to an eight-month low in March, the latest in a string of indicators pointing to a loss of momentum in China's economy.  The flash Markit/HSBC Purchasing ...
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  • This Week On The Economic Front In The USA

    This Week On The Economic Front In The USA

    This Week On The Economic Front In The USA Monday, 24 March None Tuesday, 25 March Case-Shiller 20-City Index, Jan (9:00a): 13.3% expected, 13.4% past FHFA Housing Price I, Jan (9:00a): 0.8% past Consumer Confidence, Mar (10:00a): 78.2 expected, 78.1 past New Home Sales, Feb (10:00a): 445-K expected, 468-K past Wednesday, 26 March MBA Mortgage ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies After the reaction to the FOMC meet last week, most of the currencies are in a consolidation mode and technically unchanged in structure. US Dollar Index (DXY) at 80.11 on course to its way to 80.50-75 with a possible correction interrupting the rally. The Bullish momentum remains intact as long as it ...
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  • Singapore Dollar and SGX: The Week Ahead

    Singapore Dollar and SGX: The Week Ahead

    Singapore Dollar and SGX: The Week Ahead In 2015, HEFFX expect GDP growth to hold at 4.0 percent, while headline inflation and core inflation are projected to come in at 2.5 percent and 2.3 percent respectively.   Singapore has been through a new round of economic restructure in recent years, facing challenges of productivity improvement ...
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  • US Dollar Flat, US Treasuries Up

    US Dollar Flat, US Treasuries Up

    US Dollar Flat, US Treasuries Up 10-Yr: +04/32..2.756%.. USD/JPY: 102.30.. EUR/USD: 1.3790 Afternoon Update US Treasuries 2y -01/32 at 99 20/32 3y -02/32 at 99 16/32 5y -02/32 at  98 31/32 7y unch at  98 04/32 10y +04/32 at 99 29/32 30y +22/32 at 100 01/32 US Dollar EUR/USD +10 pips at 1.3790 GBP/USD -20 pips at 1.6485 USD/JPY -10 ...
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  • HEFFX Daily FX Update

    HEFFX Daily FX Update

    Daily Technical Levels  HEFFX Daily FX Update           Crude Oil (NYMEX) (May 14) Intraday: continuation of the rebound. Pivot: 98.3Our preference: Long positions above 98.3 with targets @ 99.45 & 100.3 in extension.Alternative scenario: Below 98.3 look for further downside with 97.15 & 96.15 as targets.Comment: the RSI is bullish and calls for further ...
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  • FX News: EURUSD Will Move Lower

    FX News: EURUSD Will Move Lower

    FX News: EURUSD Will Move Lower EUR/USD Intraday: the downside prevails. Many European countries are against unfounded sanctions against Russia. They are sure (and it is not groundless) that the possible sanctions may threaten Europeans' well-being.  Heads of the EU countries will hold a conference on March 20-21. During the conference its participants will discuss ...
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  • FX News: GBPUSD Continues Slide

    FX News: GBPUSD Continues Slide

    FX News: GBPUSD Continues Slide GBP/USD Intraday: under pressure. The central bank estimated last month that there was 1.0-1.5 percent spare capacity in Britain's economy. Output is still lower than before the financial crisis after a far slower recovery than in almost all other major advanced economies.  Sustainable growth is limited by factors such as ...
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  • USDCAD Daily FX Alert

    USDCAD Daily FX Alert

    USDCAD Daily FX Alert USD/CAD Intraday: bullish bias above 1.122. Statistics Canada said the economy had advanced by 2.9 per cent and 2.2 per cent respectively in the first and second quarters of 2013. It had previously recorded those growth rates as 2.3 and 1.6 per cent. The 2.7 per cent rate in the third ...
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  • USDJPY Daily FX Alert

    USDJPY Daily FX Alert

    USDJPY Daily FX Alert USD/JPY Intraday: bullish bias above 101.75.   Japan's gross domestic product (GDP) is expected to take another hit on April 1, when a sales tax increase, from the current 5 to 8 percent is to come into force. Economists fear the increase will throttle domestic consumption, accounting for 60 percent of ...
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  • AUDUSD Daily FX Alert

    AUDUSD Daily FX Alert

    AUDUSD Daily FX Alert AUD/USD Intraday: key resistance at 0.9095. This past week, the Australian dollar is up 1.3 per cent against the offshore traded RMB, which is fetching 5.6265 to the Australian dollar. This year, the Australian dollar is up 4.6 per cent against the RMB; the US dollar has appreciated 2.9 per cent ...
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  • USDCHF Daily FX Alert

    USDCHF Daily FX Alert

    USDCHF Daily FX Alert USD/CHF Intraday: bullish bias above 0.8795. HEFFX are looking to see continued upside in the USDCHF Pivot: 0.8795Our preference: Long positions above 0.8795 with targets @ 0.889 & 0.8915 in extension.Alternative scenario: Below 0.8795 look for further downside with 0.877 & 0.8755 as targets.Comment: the break above 0.8795 is a positive ...
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  • $MA, $V, $T, $DTEGY, $GTOFF, Bitcoin's Revolution Beyond Money

    $MA, $V, $T, $DTEGY, $GTOFF, Bitcoin’s Revolution Beyond Money

    $MA, $V, $T, $DTEGY, $GTOFF, Bitcoin's Revolution Beyond Money Savvy tech analysts say that Bitcoin is the deep financial revolution the Internet has been waiting for. Computers and Smartphones drove the web to more than a 33% of the world's population, but e-commerce depends on a banking system that has changed little over the years. The ...
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  • US Dollar Up, US Treasuries Mixed

    US Dollar Up, US Treasuries Mixed

    US Dollar Up, US Treasuries Mixed Afternoon Update US Treasuries 2y -01/32 at 99 20/32 3y -01/32 at 99 17/32 5y -02/32 at 98 31/32 7y -03/32 at 98 02/32 10y -02/32 at 99 24/32 30y +02/32 at 99 15/32 US Dollar (DXY) EUR/USD -30 pips at 1.3785 GBP/USD -15 pips at 1.6515 USD/JPY +5 ...
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  • HEFFX Gold, Oil, Forex Alerts

    HEFFX Gold, Oil, Forex Alerts

    HEFFX Gold, Oil, Forex Alerts Crude Oil (NYMEX) (May 14) Intraday: continuation of the rebound. Pivot: 98.3 Our preference: Long positions above 98.3 with targets @ 100.3 & 101 in extension. Alternative scenario: Below 98.3 look for further downside with 97.15 & 96.15 as targets. Comment: even though a continuation of the consolidation cannot be ...
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  • EURUSD Bubble Finally Pops

    EURUSD Bubble Finally Pops

    EURUSD Bubble Finally Pops EUR/USD Intraday: the downside prevails. HEFFX is looking for the EURUSD to trade closer to 1.30 by year end.   The ratio of debt to GDP will continue to rise for major European economies, which means that highly unpopular austerity measures to reduce spending will continue for the foreseeable future as ...
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  • GBPUSD Daily FX Alert

    GBPUSD Daily FX Alert

    GBPUSD Daily FX Alert GBP/USD Intraday: under pressure. HEFFX are looking for the GBP to be trading much lower, 1.60 is the target for now.   Recent CandleStick Analysis Bearish Date Candle Mar-17-2014 DOJI Mar-13-2014 Gravestone DOJI   Support/Resistance Type Value Conf. resist. 1.68 1 resist. 1.67 6 resist. 1.67 4 resist. 1.66 10 resist. ...
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  • USDCAD Daily FX Alert

    USDCAD Daily FX Alert

    USDCAD Daily FX Alert USD/CAD Intraday: the upside prevails. HEFFX is looking to see the USDCAD bounce in here.   The Royal Bank is predicting relatively strong economic growth for Canada this year and next, although it says the loonie is about to fall even further.   CandleStick Analysis Bullish Date Candle Mar-18-2014 Bullish Engulfing ...
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  • USDJPY Daily FX Update

    USDJPY Daily FX Update

    USDJPY Daily FX Update USD/JPY Intraday: continuation of the rebound. HEFFX are looking for a rebound of the JPY on the back of Yellens USD moves, but buying this pair is not advised, February's trade deficit, released Wednesday, was ¥800.3 billion, the largest negative amount for the month since 1979, when comparable data became available. ...
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  • AUDUSD Daily FX Alert

    AUDUSD Daily FX Alert

    AUDUSD Daily FX Alert AUD/USD Intraday: consolidation in place. HEFFX is looking for the AUD to move lower in the coming sessions   CandleStick Analysis Very Bearish Date Candle Mar-19-2014 Bearish Engulfing Mar-14-2014 DOJI Mar-13-2014 Inverted Hammer   Support/Resistance Type Value Conf. resist. 0.97 2 resist. 0.95 4 resist. 0.94 2 resist. 0.93 3 resist. ...
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  • USDCHF Daily FX Alert

    USDCHF Daily FX Alert

    USDCHF Daily FX Alert USD/CHF Intraday: the upside prevails. HEFFX Looking for a move forward in USDCHF   Pivot: 0.8755 Our preference: Long positions above 0.8755 with targets @ 0.8855 & 0.887 in extension. Alternative scenario: Below 0.8755 look for further downside with 0.872 & 0.8695 as targets. Comment: the RSI is bullish and calls ...
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  • US Dollar Up As FOMC Continues Taper, Adjusts Forward Guidance

    US Dollar Up As FOMC Continues Taper, Adjusts Forward Guidance

    US Dollar Up As FOMC Continues Taper, Adjusts Forward Guidance The US Dollar Index (DXY) rose to a session high near 79.80 as traders moved to the Buck in response to the FOMC decision to trim its asset purchase program to $55-B per month, and adjust its forward guidance to include a wide range of information. ...
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  • Chinese Banks See Forex Surplus In February

    Chinese Banks See Forex Surplus In February

    Chinese Banks See Forex Surplus In February Chinese banks bought more foreign currency than they sold in February, data from the State Administration of Foreign Exchange showed Wednesday. This is the seventh month for the banks to report such a surplus. However, the surplus in February was 37.5% lower than that in January, according to ...
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  • HEFFX Daily FX, Oil and Gold Technicals

    HEFFX Daily FX, Oil and Gold Technicals

    HEFFX Daily FX, Oil and Gold Technicals The Fed has kept overnight rates near zero since December 2008 and has bought more than $3 trillion in long-term debt to keep borrowing costs down and spur investment and hiring. It began to scale back its stimulus in December, announcing it would trim its monthly bond purchases ...
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  • US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat 10-Yr: +05/32..2.678%.. USD/JPY: 101.30.. EUR/USD: 1.3910 Afternoon Update US Treasuries 2y +01/32 @ 99 25/32 3y +01/32 @ 99 31/32 5y +04/32 @ 99 24/32 7y +04/32 @ 98 31/32 10y +05/32 @ 100 20/32 30y +07/32 @ 100 04/32 US Dollar (.DXY) EUR/USD -10 pips at 1.3910 GBP/USD -70 pips at 1.6565 USD/JPY ...
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  • EUR/USD - Technical Analysis

    EUR/USD – Technical Analysis

    EUR/USD broke out of an ascending triangle several days back. The target for this pattern comes close to close to $1.44. However a retest of the breakout point which stands at around $1.38050 is likely as well. Strong support exists at $1.38 and any dips towards this level can be used as a buying opportunity. ...
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  • MOC: Do Not Hype Yuan Fluctuation

    MOC: Do Not Hype Yuan Fluctuation

    MOC: Do Not Hype Yuan Fluctuation China's Commerce Ministry (MOC) spokesman said Tuesday that people should not hype the recent downward movement in the value of the Renminbi (RMB) , or the Yuan, Vs the USD. In response to a question about whether the Yuan's recent depreciation is a result of government intervention, Shen Danyang said, "We should look at this with a more rational attitude rather than reading too much into it." The Yuan's value came under the spotlight as its exchange rate against the USD declined 0.4% in the 1st 2  months this year, a period in which the country also saw a shrinking trade surplus. "People should put the yuan's recent depreciation in the wider context of China's reform of its currency's exchange rate formation mechanism," Shen added at a press conference held in the ministry. China's central bank widened the Yuan's daily trading band from 1 to 2% Monday. The move aims to enhance the floating flexibility of the RMB exchange rate, make capital allocation more efficient, facilitate economic restructuring and beef up the decisive role of market in allocating resources, the People's Bank of China said in a statement. From the launch of the Yuan's exchange rate reform in Y 2005 to the end of last year, the currency has appreciated by 35.75% against the USD, resulting in the currency's "effective" exchange rate rising 42.21%, according to Shen. "We hold that the recent moves of the Renminbi are more a result of the market impact.Compared with the currencies of some emerging economies (EMs), the Yuan's recent fluctuations remain in a normal range," he said. ...
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  • US Dollar Slips, US Treasuries Slip

    US Dollar Slips, US Treasuries Slip

    US Dollar Slips, US Treasuries Slip 10-Yr: -04/32..2.677%.. USD/JPY: 101.65.. EUR/USD: 1.3920 Afternoon Update US Treausries 2y unch at 99 25/32 3y -01/32 at 99 31/32 5y -01/32 at 99 23/32 7y -01/32 at 98 31/32 10y -04/32 at 100 19/32 30y -09/32 at 100 03/32 US Dollar (.DXY) EUR/USD +10 pips @ 1.3920 GBP/USD unch at 1.6645 USD/JPY +30 ...
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  • HEFFX Daily Trading Update

    HEFFX Daily Trading Update

    HEFFX Daily Trading Update Crude Oil (NYMEX) (Apr 14) Intraday: under pressure. Pivot: 99.55 Our preference: Short positions below 99.55 with targets @ 97.55 & 96.8 in extension. Alternative scenario: Above 99.55 look for further upside with 100.4 & 101.55 as targets. Comment: the upward potential is likely to be limited by the resistance at ...
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  • What Comes After The More Flexible RMB Yuan?

    What Comes After The More Flexible RMB Yuan?

    What Comes After The More Flexible RMB Yuan? BAC, JPM, UBS China loosened its grip on the CNY/USD exchange rate Saturday, widening the daily trading band to 2 from 1% , effective starting Monday. The move ia a major step forward in the country's exchange rate regime reform, and did not come as a surprise ...
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  • Forex News: USDSGD Singapore Exchange and Dollar Outlook

    Forex News: USDSGD Singapore Exchange and Dollar Outlook

    The Singapore Dollar is currently 0.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize at a lower level in the near term. Our volume ...
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  • China Widens RMB Yuan Daily Trading Band

    China Widens RMB Yuan Daily Trading Band

    China Widens RMB Yuan Daily Trading Band China will widen the Yuan's daily trading band from the current 1 to 2% starting Monday, the country's central bank said Saturday. Starting, 17 March Chinese banks can exchange the Yuan in the foreign exchange spot market at 2% above or below the central parity against the USD ...
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  • Buffett Warns On Bitcoin, "'It's a Mirage, Stay Away"

    Buffett Warns On Bitcoin, “‘It’s a Mirage, Stay Away”

    Buffett Warns On Bitcoin, "'It's a Mirage, Stay Away" The Bitcoin digital currency gets very different reactions from financial experts. Count legendary investor Warren Buffett, CEO of Berkshire Hathaway (NYSE:BRK-A) as a pessimist. "Stay away from it. It's a mirage basically," he says Bitcoin has seen a rocky ride in recent weeks, with Mt. Gox, ...
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  • US Dollar Down, US Treasuries Flat

    US Dollar Down, US Treasuries Flat

    US Dollar Down, US Treasuries Flat Friday Afternoon Update US Treasuries 2y unch at 99 25/32 3y -01/32 at 99 31/32 .5y -03/32 at 99 25/32 7y -02/32 at 99 02/32 10y -02/32 at 100 27/32 30y +01/32 at 100 19/32 Currencies EUR/USD +45 pips at 1.3915 GBP/USD unch at 1.6625 USD/JPY -45 pips at ...
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  • Pimco's Gross: Fed Will Use Inflation To Keep Short-Term Rates Near Zero

    Pimco’s Gross: Fed Will Use Inflation To Keep Short-Term Rates Near Zero

    Pimco's Gross: Fed Will Use Inflation To Keep Short-Term Rates Near Zero The US Federal Reserve, whose policymaking arm the FOMC meets next Tuesday and Wednesday, will shift its emphasis to inflation from unemployment, as it justifies keeping short-term interest rates near Zero, says Bill Gross, CIO at Pimco, a unit of Allianz, SE (PINK:AZSEY) ...
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  • News and Education for Trading FX, Futures, Equities, Metals

    News and Education for Trading FX, Futures, Equities, Metals

    News and Education for Trading FX, Futures, Equities, Metals Looking for the live news that matters? FX, Futures, Equities, Metals HEFFX delivers, along with education that can help beginners and professionals make the most of their trading. Breaking news and analysis on the trading sector, including exchanges, broking, clearing, market infrastructure, derivatives and regulation from ...
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  • Europe To Fine Companies Involved In Rate Rigging

    Europe To Fine Companies Involved In Rate Rigging

    The world wide investigation into rigging of currency benchmark rates appears to have reached a conclusive stage and European regulators appear to be finalizing the amount of penalties. The issue at stake: It is believed that several financial institutions collaborated with each other to rig benchmark currency rates. Some of the financial institutions passed on ...
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  • Daily FX Technicals

    Daily FX Technicals

    Daily FX Technicals Tokyo stocks slumped 3.26 percent in mid-afternoon trade Friday, following sharp falls on Wall Street and a rise in the yen as investors fret about the Ukraine crisis and China's economy. The benchmark Nikkei-225 index slipped 483.21 points to 14,333.02, while the Topix index of all first-section shares fell 3.08 percent, or ...
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  • Gold Rally to Extend

    Gold Rally to Extend

    Gold Rally to Extend Copper was on the day at $6,414 a tonne, but was still on track for a weekly loss on expectations of slower demand growth in China. Gold, a safe-haven favorite, was nearly flat on the day at $1,369.06 an ounce after earlier hitting a fresh six-month high, and was poised for ...
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  • Afternoon Bid Reverses The USD Thursday

    Afternoon Bid Reverses The USD Thursday

    Afternoon Bid Reverses The USD Thursday An afternoon bid  lifted the US Dollar Index (DXY) into the Green, as action holds on session highs near 79.70. Overnight selling dropped the Dollar Index to the 79.30 mark, but the Buck began to see buying come in on an escalation in the Ukraine.  The late-day bid put the DXYon ...
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  • USDIDR Rupiah: Indonesia Cuts Growth Forecast

    USDIDR Rupiah: Indonesia Cuts Growth Forecast

    USDIDR Rupiah: Indonesia Cuts Growth Forecast The credit melt down in China and the failure of QE in the USA and Japan is leading to a reduction in the growth expectations in emerging markets, today Indonesia has cut their growth estimates. Indonesia has the largest economy in Southeast Asia and is one of the emerging ...
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  • Forex Rigging: Small Changes That Affect Millions

    Forex Rigging: Small Changes That Affect Millions

    It appears that the Forex rigging investigation will now cover most of the important financial centers across the globe as authorities try to find the scope of its effect. Forex trading: The Commodity Futures Trading Commission (CFTC) is investigating banks and financial institutions across the U.S. to find out whether benchmark foreign exchange rates were ...
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  • George Soros on EURUSD, Time to Sell

    George Soros on EURUSD, Time to Sell

    George Soros on EURUSD, Time to Sell The European Union "may not survive" the "long-lasting" economic stagnation it faces because of the euro currency, billionaire investor George Soros has claimed. Speaking to BBC Radio 4's Today programme, Mr Soros said eurozone countries are set to face "political crises" over the euro and Britain's membership in ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies US Dollar Index (DXY) at 79.59 trading below the support zone at 79.80-70, then o 79.10-78.60 or even to 78 . Every corrective rally till 80.30-55 will see selling pressure. The longterm trend may Very Bearish on a move below 79.10. EUR at 1.3908 trading above the resistance band  at 1.3850-85, it ...
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  • US Dollar Index (DXY) Seeing Its Lowest Close Since October 2013

    US Dollar Index (DXY) Seeing Its Lowest Close Since October 2013

    US Dollar Index (DXY) Seeing Its Lowest Close Since October 2013 DXY held at  session lows near 79.55, selling continues. Wednesday's weakness pushed the Index below support at 79.80, and set the  action for its lowest close since last October. EUR/USD is +45 pips at 1.3905 trading to its best close since October 2011. The Euro saw its bid ...
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  • USDSGD Singapore Dollar Daily FX Outlook

    USDSGD Singapore Dollar Daily FX Outlook

    USDSGD Singapore Dollar Daily FX Outlook HEFFX CandleStick Analysis Bullish Date Candle Mar-11-2014 DOJI Mar-10-2014 Bearish Harami Mar-06-2014 Bearish Engulfing EMA Analysis Last Trade 5 day EMA 13 day EMA 20 day EMA 50 day EMA 1.2665 1.27 1.27 1.27 1.27 5 day EMA 5 EMA Above 13 EMA 5 EMA Above 20 EMA 5 ...
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  • Where Is USDINR Heading?

    Where Is USDINR Heading?

    The weekly trend of USDINR is neutral. It has been forming a Descending triangle on the weekly chart. It has been marked in the chart below. However a break below the lower base (shown in the chart) will confirm this. Also it needs to sustain below that level for 2-3 days to confirm if it’s ...
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  • EUR/USD- Technical Analysis

    EUR/USD- Technical Analysis

    The weekly trend of EUR/USD is up .It had broken out of an inverted Head and shoulder pattern, which is a strong bullish pattern. However after the breakout, it has been trading in a range. The outcome of the Fed might be the needed trigger for it. The oscillators are in the overbought zone, so ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies US Dollar Index (.DXY) 79.7860) trading below the support at 79.80-70, next  79.10-78.60 then 78. Every corrective rally till 80.30-55 to face selling pressure. The long term trend could turn Very Bearish below 79.10. EUR at 1.3860 trading in the major resistance band of 1.3850-85 a break above this then can rise ...
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  • GBPUSD Headed Much Lower

    GBPUSD Headed Much Lower

    GBPUSD Headed Much Lower GBP/USD Intraday: under pressure. Pivot: 1.665 Our preference: Short positions below 1.665 with targets @ 1.658 & 1.6545 in extension. Alternative scenario: Above 1.665 look for further upside with 1.668 & 1.6705 as targets. Comment: The pair stands below its resistance. Opinion published is an intraday view. Green Lines Represent Resistances ...
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  • EURUSD Bloated Euro Will Retreat

    EURUSD Bloated Euro Will Retreat

    EURUSD Bloated Euro Will Retreat EUR/USD Intraday: capped by a negative trend line. HEFFX Pivot: 1.389 Our preference: Short positions below 1.389 with targets @ 1.3825 & 1.3785 in extension. Alternative scenario: Above 1.389 look for further upside with 1.392 & 1.3965 as targets. Comment: The pair is capped by a declining trend line. Opinion ...
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  • Dollar Hung Little Changed On The Day

    Dollar Hung Little Changed On The Day

    Dollar Hung Little Changed On The Day The US Dollar Index (DXY) traded flat near 79.80. A quiet session saw trade in a 20 cent range after an early morning bid failed to reclaim the 80.00 mark, once support, now resistance. EUR/USD is -15 pips at 1.3860 as trade slipped for the 1st in 4 days. Tuesday's ...
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  • Nouriel Roubini Attacked The Legitimacy Of Bitcoin

    Nouriel Roubini Attacked The Legitimacy Of Bitcoin

    Nouriel Roubini Attacked The Legitimacy Of Bitcoin Economist Nouriel Roubini attacked the legitimacy of Bitcoin in a series of tweets Sunday. "So Bitcoin isn't a currency. It is btw [by the way] a Ponzi game and a conduit for criminal/illegal activities. And it is not safe, given hacking of it," wrote Dr. Doom for his ...
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  • USDPHP Philippines Peso Outlook

    USDPHP Philippines Peso Outlook

    USDPHP Philippines Peso Outlook The USDPHP Philippines Peso might be due for a rally, as the economy improves there is talk of more upgrades. While growth may not continue at the high rate, there is stability at a higher level of economic activity. Recent CandleStick Analysis Neutral Date Candle Mar-05-2014 Bullish Engulfing Support/Resistance Type Value ...
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  • Countries Borrow To Stimulate Economy

    Countries Borrow To Stimulate Economy

    Countries and companies alike have resorted to large scale borrowings during the current low rate regime. Countries have tried the debt route to kick start the economy while companies have taken advantage of the low interest rates to reduce their interest out go. Debt Traps in the making? As the economies went into a tail ...
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  • US Dollar Flat, US Treasuries Flat

    US Dollar Flat, US Treasuries Flat

    US Dollar Flat, US Treasuries Flat 10-Yr: +01/32..2.782%.. USD/JPY: 103.20.. EUR/USD: 1.3875 Afternoon Update Currencies EUR/USD unch at 1.3875 GBP/USD -75 pips at 1.6635 USD/JPY -10 pips at 103.20 USD/CHF +5 pips at .8780 AUD/USD -55 pips at .9015 USD/CAD +25 pips at 1.110 The US Dollar Index (DXY) hung little changed near 79.75 on a quiet session Monday,the  action spent the ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies US Dollar Index (DXY) at 79.66 now trading below the support zone at 79.80-70, then to 79.10-78.60 or even 78 next. Every corrective rally to 80.30-55 will  see selling pressure. The long term trend could turn Bearish below 79.10. EUR at 1.3885 trades in the major resistance band at 1.3850-85,  if it ...
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  • Curriencies: Foreign Exchange Rates In Hong Kong

    Curriencies: Foreign Exchange Rates In Hong Kong

    Curriencies: Foreign Exchange Rates In Hong Kong The following are foreign exchange rates Vs the Hong Kong Dollar released by Hang Seng Bank Limited Saturday: Buying-Selling JPY 748.20 - 757.80 CHF 878.80- 890.80 GBP 1,290.20 - 1,304.50 AUD 697.00 - 707.40 CAD 695.40-  704.60 EUR 1,071,10 - 1,082.10 USD 774.60 -  777.30 The above exchange ...
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  • China Sees First Onshore Bond Default

    China Sees First Onshore Bond Default

    Onshore bond market of China experienced its 1st default when a solar-cell manufacturer, Shanghai Chaori Solar Energy Science & Technology Co. didn’t pay interest on its bonds. The quantity of Chinese companies having debt double of their equity has increased since the international financial crisis, indicating this 1st bond default would not be the country’s ...
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  • Russia Is Taking Aim At The US Dollar

    Russia Is Taking Aim At The US Dollar

    Russia Is Taking Aim At The US Dollar Just last month analysts were waxing about the fall of Russia's Ruble, the talk was based on an agressive move by Russia into the Ukraine, it was a theory then, today it is a reality. A play on that currency action would have delivered double-digit gainer in ...
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  • Bitcoin And Government 'For The People'

    Bitcoin And Government ‘For The People’

    Bitcoin And Government 'For The People' "The Fed does not have authority to supervise or regulate Bitcoin in anyway," US Federal Reserve Chair Janet Yellen When there is a public interest in a crisis government is there to intervene, from the smallest to the largest incidents. For example: the US Congress, responding to the financial ...
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  • Central Banks Taking A Close Look At Digital Currency

    Central Banks Taking A Close Look At Digital Currency

    Central Banks Taking A Close Look At Digital Currency The world's central banks could enter the digital currency sector soon, that according to a director of UK-based Economic Perspectives, an economic consulting firm. "They must realize that challenges like Bitcoin will just keep on coming, and they'll come in more persuasive and credible ways," he ...
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  • Pimco's Bill Gross: El-Erian Is Trying to Undermine Me

    Pimco’s Bill Gross: El-Erian Is Trying to Undermine Me

    Pimco's Bill Gross: El-Erian Is Trying to Undermine Me AZSAY Bill Gross, co-Founder and co-CIO of Pacific Investment Management Co. (PIMCO),accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to the WS-J about deepening tensions between the 2 executives who have been jointly running the world's largest bond house. Mr. Gross told ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down FridayAfternoon Update Treasuries 2y -01/32 at 99 23/32 3y -04/32 at 99 18/32. 5y -09/32 @ 99 11/32 7y -12/32 @ 98 08/32 10y -14/32 @ 99 19/32 .30y -18/32 @ 98 04/32 Currencies EUR/USD +15 pips at 1.3875 GBP/USD -20 pips at 1.6720 USD/JPY +25 pips at 103.30 ...
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  • Sign Up Now for Premium Forex and Futures Content

    Sign Up Now for Premium Forex and Futures Content

    Sign Up Now for Premium Forex and Futures Content Click Here to Register. Learning how to trade before risking money in the volatile currency markets is essential for success HEFFX and Live Trading News are offering a free subscription service for early adopters, the service will be free and remain free for life to those ...
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  • EURUSD Why I am Short the Euro

    EURUSD Why I am Short the Euro

    EURUSD Why I am Short the Euro The EU remains in a Terminal Debt State Terminal debt is the point at which the payments on the interest of a debt surpass the revenues of the debtor (i.e. the debt becomes fiscally unstable.) Hyper-inflation is the terminal stage of any fiat currency. In hyper-inflation, money looses ...
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  • Friday Morning Brief: Currencies

    Friday Morning Brief: Currencies

      Friday Morning Brief: Currencies The ECB kept the interest  rate unchanged and expressed hope of inflation rising in the coming days and weeks. This boosted EUR  and weakened the USD Vs most currencies. Dollar Index (DXY) at 79.66 trading below the support at 79.80-70 and the way to 79.10-78.60 or even 78 is open. ...
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  • Cuba Takes Step To A Single Currency System

    Cuba Takes Step To A Single Currency System

    Cuba Takes Step To A Single Currency System Thursday, the Cuban Ministry of Finance and Prices announced new regulations for state-run institution,s as the Caribbean nation moves to scrap its dual-currency system. The guidelines mark the 1st regulations issued "on the complex road toward monetary unification," the state daily Granma said. The regulations are designed ...
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  • Satoshi Nakamoto Says He Is Not The Founder Of Bitcoin

    Satoshi Nakamoto Says He Is Not The Founder Of Bitcoin

    Satoshi Nakamoto Says He Is Not The Founder Of Bitcoin The man many say is the founder of Bitcoin denied having had anything to do with the digital currency. In an interview, Dorian Prentice Satoshi Nakamoto, 64 anni, said had not heard of Bitcoin until his son told him that he was contacted by the ...
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  • US Dollar Index (.DXY) Sees Lowest Close Since October 2013

    US Dollar Index (.DXY) Sees Lowest Close Since October 2013

    US Dollar Index (.DXY) Sees Lowest Close Since October 2013 US Dollar Index (.DXY) was pushed session lows near 79.60 on selling that pushed the Buck to marks  last seen on 18 December, the day the US Fed announced the 1st paring to QE. Participants have to go to October 2013 of day when .DXY closed ...
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  • GBPUSD Daily Forex Trading

    GBPUSD Daily Forex Trading

    GBPUSD Daily Forex Trading GBP/USD Intraday: the upside prevails. Pivot: 1.668 Our preference: Long positions above 1.668 with targets @ 1.674 & 1.676 in extension. Alternative scenario: Below 1.668 look for further downside with 1.6655 & 1.6635 as targets. Comment: The pair stands above its support and remains on the upside. Opinion published is an ...
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