Currency

As far as currency moves are concerned, the European elections were almost a non-event as no gaps across Euro pairs were seen on Monday. And, with the US and UK on holiday and a general lack of economic data on tap, it’s been a quiet start to the week. And with volumes set to return, […]

With a quiet economic calendar, headlines surrounding Brexit and the ‘hunt for Britian’s next PM’ remain potential drivers for the British pound this week. The European elections didn’t make for the most exciting FX open we’ve seen of late, although equities across the region breathed a slight sigh of relief that populism hadn’t taken over. […]

Ripple (XRP) Price Analysis – May 25   In the past few days of trading, XRP/BTC market has remained to trade in a downward wave as the XRP/USD market follows a side-way movement. Meanwhile, the third largest cryptocurrency has a market cap valuation of $16.23 billion with a trading volume of $1.4 billion, as price […]

Risk-off may have taken a breather, but that doesn’t necessarily mean its over. And, looking at the price action on USD/JPY and USD/CHF, perhaps it’s time for another bout of risk-off. The Japanese yen began to see inflows today when Japan’s PMI contracted after a 1-month hiatus ‘expanding’. Yet reports that Panasonic had halted component […]

Recently, Binance announced on its Twitter page with a post that showed 2.0 graphic. There were no words with the post, just an image that was accompanied by a section of the logo of Binance. Now the question that many are asking is that precisely what does the graphics mean if it has any meaning […]

NZD/JPY has had a rough couple of months, shedding nearly -7% from its March high. Now within a consolidation phase, we’re on the lookout for a breakout, one way or another. We can see on the daily chart the trend is clearly bearish with its strong momentum, lower lows and shallow pullbacks. Yet given the […]

If you want to trade foreign exchange (forex) then there’s a learning curve you have to climb, and part of that is getting to grips with the jargon used. You need to understand the basic terminology before you can make any trades. Here’s a list of some of the forex trading terms you will encounter. […]

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. As of Tuesday 14th May: Large speculators were net-long the US dollar by $29.7 billion ($34.3 against G10 currencies) Net long exposure to the USD fell by -$4.6 billion, the largest weekly decline in 3-month Net […]

BCOUSD Price Analysis – May 19   The last weekly candle closed bullish; which implies that Brent crude Oil may further increase in price and target supply level of $79 as long as the Bulls increase their pressure.     BCO/USD Market Key levels: Supply levels: $79, $87, $98 Demand levels: $70, $64, $58, $49 […]

Whilst both the Swiss franc and the Japanese yen are safe-haven currencies, it’s interesting to note that the yen has remained the favoured currency as trade wars have developed. This has saw CHF/JPY drop to its lowest level since January’s flash crash last week, and if trade wars are to heat up once more, we […]