Forex

Event calendar

24

Bitcoin price analysis: Falls below $6,000 mark, hits 2018 low Manoj B Rawal

Bitcoin and all the other major cryptocurrencies continued to accelerate the fall as the digital currencies extended their bear market sell-off in a sign that there is more to come to this fall and any signs of revival are still far off.BTC/USD is down about 5 percent at $5,880 ...

09:46 24 June /2018 Forex

Wall Street closes mixed as trade concerns overshadow energy gains Eren Sengezer

Major equity indexes in the United States started the day on a positive note on the back of an improved sentiment that was also reflected upon rising European indices but struggled to preserve their momentum after President Trump threatened the EU by suggesting a possible 20% tariff on European car imports."Caution is very importa...

23:46 22 June /2018 Forex

EUR/USD looks to end week in green above 1.16 as greenback fails to shake off bears Eren Sengezer

After closing the previous day with a 30-pip gain, the EUR/USD pair extended its upside on the last day of the week and is now looking to close the week in the positive territory. The pair, which touched a fresh 8-day high at 1.1675 earlier in the European session, was last seen trading at 1.1650, adding 0.4% on the day.Today's data from t...

20:46 22 June /2018 Forex

USD/JPY Technical Analysis: USD/JPY losing steam below 110.00 level Flavio Tosti

USD/JPY 15-minute chart
Spot rate:                 109.94            Relative chang...

20:23 22 June /2018 Forex

Bitcoin Technical Analysis: BTC/USD plummets 10%, as prices breaks out to the downside from rising wedge pattern Ken Chigbo

 BTC/USD 60-minute chartSpot rate:                    6180.0Relative change:         -8.00%Hi...

18:00 22 June /2018 Forex

USD/JPY struggles to clear 200-DMA hurdle Haresh Menghani

   •  Markit manufacturing PMI hits 7-month low and does little to ease USD bearish pressure.
   •  Mixed US equities underpin JPY’s safe-haven appeal and add to the downward pressure.
   •  Resurgent US bond yields help limit downside, at least for the time being.
The USD/JPY pair stalled its up-move at the very important ...

17:46 22 June /2018 Forex

US stocks trade mixed, remain on track for weekly losses Haresh Menghani

Major US equity indices opened higher on Friday, with the blue-chip Dow Jones Industrial Average (DJIA) aiming to snap eight consecutive days of losing streak. In absence of any significant developments in the US-China trade rhetoric, surging crude oil prices boosted ener...

17:00 22 June /2018 Forex

Bitcoin price analysis: BTC/USD sustains overarching declines as India’s upcoming ban sends chills across the market John Isige

Bitcoin price has tanked over 5% on the day and traded below $6,320 as the crypto market suddenly turned red. The crypto has canceled the gains that had accrued after the brief recovery momentum that returned in the market late last week. BTC/USD is now trading above $6,300 and settling into a bearish flag pattern following the unexp...

16:00 22 June /2018 Forex

USD/JPY: A break higher in the months ahead? - Westpac Sandeep Kanihama

Robert Rennie, Research Analyst at Westpac, suggests that they have stuck with a neutral near term/ more constructive 1m bias for USD/JPY pair on the basis that the 108 to 111 range was well defined but we do see a break higher in the months ahead as the ‘positive dollar fundamentals’ shine through.Key Quotes“The potential...

15:46 22 June /2018 Forex

EUR/USD stays bullish near term – Scotiabank Pablo Piovano

FX Strategists at UOB Group noted the pair’s near term outlook is tilted to the bullish side.Key Quotes“Short and medium term price signals turned bullish for EURUSD yesterday (outside range signal intraday, bullish key reversal on the daily chart), reversing the weak technical tone in the market that has pe...

15:46 22 June /2018 Forex

EUR/USD Technical Analysis: retreats to retest an important resistance break-point Haresh Menghani

   •  Retreats from 50% Fibonacci retracement level of the post-ECB slide to retest a resistance break-point turned support.    •  A sustained move above the 1.1675-80 region would be needed for the pair to continued with its overnight recovery move from YTD lows.   •  ...

15:46 22 June /2018 Forex

OPEC agreement in principle is said for 600K bpd real increase Haresh Menghani

Headlines continue to come out of the crucial OPEC meeting in Vienna and the latest news suggests that the oil cartel is said to have agreed in principle for 600k bpd real increase in oil supply.Although the official announcement is still awaited, the OPEC deal is said for a nominal output increase of 1 mbpd increase for OPEC an...

15:23 22 June /2018 Forex

OPEC ministers agree in principle to bring output compliance back to 100% - RTRS Haresh Menghani

According to the latest headlines flashing on the wires, via Reuters, citing a source familiar to the development, OPEC ministers are said to have agreed in principle to bring output compliance back to 100%. Compliance for OPEC members was at 146% in May. The news did little to influence o...

15:00 22 June /2018 Forex

USD/JPY Technical Analysis: forming a symmetrical triangle on hourly charts Haresh Menghani

   •  The pair has been oscillating between two converging trend-lines, forming a symmetrical triangle on the 1-hourly chart.   •  Currently placed at 100-hour SMA pivot-point, subsequent up-move could get extended back towards the triangle resistance.   •  Alternatively, a rejec...

15:00 22 June /2018 Forex

EUR/USD eases from daily highs, back around 1.1640 Pablo Piovano

After climbing to the 1.1680 region, EUR/USD appears to have met some sellers and is now returning to the 1.1645/40 band.EUR/USD higher on USD-selling, dataThe pair has climbed to fresh multi-day peaks to the boundaries of the 1.1680 region earlier in the session, a critical resistance area reinforced by the...

14:23 22 June /2018 Forex

India and Ireland spooked crypto market, sending coins into tailspin, Bitcoin shed 5% in a matter of hours Tanya Abrosimova

Cryptocurrency market is an unpredictable beast. South Korean Bithumb, the sixth largest exchange in the world, gets hacked and traders just yawn in response, Indian Zebpay announces that banks are about to cut them off from banking services, and everyone starts selling cryptos like crazy.Zebpay's announcement was hardly surprising as the Reserve Bank of India issued the corresponding directive ba...

13:23 22 June /2018 Forex

USD/JPY still facing a broad consolidative theme – UOB Pablo Piovano

According to FX Strategists UOB Group, the pair keeps the neutral stance and remains poised to extend the ongoing sideline pattern.Key Quotes24-hour view: “We held the view that the recovery in USD “has room to extend further” but added that a clear break above 110.65 seems unlikely. USD subsequent hit a hig...

12:46 22 June /2018 Forex

WTI holds gains above $ 66 mark, OPEC meeting eyed Dhwani Mehta

WTI (oil futures on NYMEX) hit fresh five-day highs at $ 66.64 in mid-Asia and since then entered a phase of upside consolidation, as we heading into the OPEC meeting on the output policy.The upbeat tone seen around the black gold can be mainly attributed to the ongoing disagreement between the OPEC and non-OPEC member on the o...

12:00 22 June /2018 Forex

EUR futures: recovery has further legs Pablo Piovano

In light of preliminary figures for EUR futures markets from CME Group, investors added around 6.1K contracts to their open interest positions on Thursday vs. Wednesday’s final 482,596 contracts.EUR/USD scope for a test of 1.1650 and aboveEUR/USD is ...

12:00 22 June /2018 Forex