One of the unique features of the Forex market is that it is an over-the-counter market. This means that unlike the stock or commodities markets, there is no official price for currencies at any given moment. Now as the various interbank liquidity providers (i.e. banks) offer the same currency at different prices to Forex brokers, … “Forex Brokers: Dealing Desk, STP or ECN?”
Category: Forex Bits
USD/NZD: Word Power
USD/NZD is among the top traded FX currency pairs and it shouldn’t be surprising. The Kiwi currently carries a 175 to 200 basis point spread over the US Dollar. As far as trade, the US is New Zealand’s third largest trade partner. The US exports a wide variety of industrial products, automobiles, aircraft parts, medical … “USD/NZD: Word Power”
5 Most Predictable Currency Pairs – Q2 2016
Not all forex pairs are born equal: some move fast and others move slowly, some react to events and some don’t and most importantly: some are predictable and others just aren’t. What is a predictable currency pair? That is a pair that makes life easier for the technical trader by respecting support and resistance lines or breaking out of ranges … “5 Most Predictable Currency Pairs – Q2 2016”
Pound Sterling at risk of a Brexit
Keeping up with his poll promise to hold a referendum whether to stay ‘In’ or ‘Out’ of the EU, British PM David Cameron concluded a three day marathon meeting in Brussels with his EU counterparts. Concluding the negotiations, it seemed like Britain managed to get what it wanted. ‘Special Status’ recognition in the EU, alongside … “Pound Sterling at risk of a Brexit”
ECB Stance Could Impact Euro
Over the last few years, we have seen some relatively steady trends in the Euro. Against the US Dollar the direction has been mostly downward as markets brace for a changing interest rate policy at the US Federal Reserve. At this stage, there are not many central banks that are broadly expected to start risking … “ECB Stance Could Impact Euro”
ABX expands with Finemetal Asia deal
Allocated Bullion Exchange (ABX) makes a deal with Hong Kong based physical precious metals trading house Finemetal Asia. This will boost liquidity: All the details are available here in the official press release: 10 March 2016 – Allocated Bullion Exchange (ABX), the world’s first global institutional electronic exchange for allocated physical precious metals, has today announced established … “ABX expands with Finemetal Asia deal”
GOLD: Consolidates With Upside Bias
GOLD: With GOLD retaining its broader uptrend, further bullish offensive is expected. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. Below here if seen could … “GOLD: Consolidates With Upside Bias”
Can the US Dollar Rise on Carry Trade Buying?
Forex markets are looking for the next major trends in each of the most commonly traded currencies, and recent clues have shed light on some of the ways major central banks are likely to proceed in coming months. In the US, the most recent jobs data showed an increase that is well above the historical … “Can the US Dollar Rise on Carry Trade Buying?”
14 Things You Never Knew About the GBP-USD Currency Pair
The GBP-USD FX pair is one of the most popular and longest running exchanges in fx trading history. We study its daily fluctuations meticulously, but what are some of its lesser known historical facts? 1. Traders call the GBP-USD pair ‘cable’, referring to the submarine telegraph cable placed between the United States and Great Britain … “14 Things You Never Knew About the GBP-USD Currency Pair”
GOLD: Sets Up To Resume Broader Uptrend
GOLD: With GOLD rallying on Wednesday, we expect more upside pressure in the days ahead. to hold on to its downside pressure, further decline is envisaged. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the … “GOLD: Sets Up To Resume Broader Uptrend”