Currency

The cable has been prime territory for Forex CFD traders in recent months, the unpredictability surrounding the ongoing Brexit debacle leading to huge shifts in the value of the Sterling. While wild swings in currency exchange rates are not good news for businesses, or anyone else trying to plan for the long-term, they are very […]

A ’Risk Reversal’ Could Finally Be Underway | JPY Pairs The table could be turning for risk, with several JPY crosses looking like they’re finally topping out and due their anticipated corrections. With indices just off record highs and several markets pausing below key resistance (AUD/USD, EUR/JPY and USD/JPY, just to name a few), it suggests traders […]

November has been off to a much better start for USD than October ended. Add seasonality to the Mix and DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing candles tend to provide bullish reactions on DXY. However, looking at seasonal data for DXY, […]

Key support on DXY (USD index) around 97 has proven its worth, seeing prices bounce higher and fly in the face of the bearish engulfing candles seen on the weekly and monthly chart. Whilst it’s still possible we’ll see DXY hit a new low, bullish momentum is firm so there’s potential for further upside. Out […]

Rising Unemployment Weighs on NZD | NZD/USD, NZD/JPY, AUD/JPY Weak employment data took its toll on the Kiwi today, seeing expectations for RBNZ to cut rise further. Q3 Unemployment rose to 4.2% (3.9% prior, 4.1% expected) Job growth softened to 0.2% QoQ (0.8% prior, 0.3% expected) Labour costs continued to rise, now 2.3% YoY (although […]

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 […]