Currency

RBA held rates as expected, yet the easing bias remains despite talk of a ‘gentle turning point’. Going into today’s meeting, expectations for a cut were low at just 7% according to the RBA Rate Indicator. But then they had cut rates three times over four meetings, and policy changes can take many months before […]

With a growing demand for crypto derivatives trading, new crypto derivatives exchange platforms are now emerging. Derivatives trading, account for more than half of 24-hour trading volumes recorded. The new chip on the block is FTX, crypto derivatives exchange from FTX trading ltd, a company based in Antigua and Barbuda. More on FTX FTX crypto […]

GBPUSD Price Analysis – November 3 Due to recent news release, the GBPUSD pair may recover further past the horizontal line on the level at 1.30 handle. The pair exited the prior week higher at the level 1.2940. Trending about 28 pips higher after the open, the Cable was unable to hold its gains as […]

According to a report filed on the 31st of October, the Malta Financial Services Authority (MFSA) has alerted the public of a Bitcoin scam. This new scam bears the same qualities as another scam that has been spotted in the past. The MFSA has cautioned the public to avoid the body called ‘Bitcoin Future’ which […]

EURJPY Price Analysis – November 1 EURJPY currency pair tumbled and breached a significant horizontal zone on the level at 120.35 during yesterday’s trading session. As for the near future, buyers on EURJPY may take the exchange rate back to the upside to retest the price level at 121.10/121.47 within this session or the following […]

Weekly COT Report: GBP Traders Are Their Least Bearish In 5 Months As of Tuesday 29th of October Bullish exposure on the USD was $12.6 billion ($15.9 against G10) Traders are their least bearish on GBP futures since early June GBP saw the largest weekly change among FX majors, with net-short exposure being reduced by 20k […]

USD Could Be Approaching A Make Or ‘Break’ Scenario Leading Into NFP | DXY, EUR, AUD With DXY and several FX majors approaching their latest set of key levels, we could find they’ll decide whether to break or reverse these levels in unison. Whilst the Fed’s statement teased traders with a hawkish cut, the press conference […]

BOJ Preview: Expectations, Forward Returns And Some Charts! | USD/JPY, EUR/JPY, NZD/JPY With action finally expected from BOJ, it should create volatility for traders regardless of whether they act or not. BOJ surprised markets on the 29th January 2016 by going into negative rates of -0.1, a move that was designed to achieve 2% inflation “at […]

AUD Remain Bid Ahead Of CPI | AUD/USD, AUD/ZD, EUR/AUD If Australian CPI can simply hit target tomorrow, we could see a higher AUD in the current trading environment. CPI is expected to rise tomorrow to 1.7% YoY according to a Reuters poll, up from 1.6% in Q2. However, the RBA’s preferred gauge is the […]

DXY and EUR/USD Retreat From Key Levels Ahead Of Fed Traders have become less bullish on the USD recently. As of last Tuesday, traders had reduced net-long exposure on DXY to a 6-week low. Bullish exposure fell -6.2k contracts (its largest bullish reduction since March) and the move was fuelled by closure of longs and increase […]