USD/CHF: With USD/CHF failing to follow through on the back of its previous week gains at the end of the week, the risk is for further downside threats to occur. This development exposes the 0.8971 level where a break will pave the way for a run at the 0.8900 level followed by the 0.8850 level … “USD/CHF: Loses Upside Momentum, Vulnerable To The Downside”
Category: Forex Bits
CRUDE OIL: Faces Bear Pressure, Set To Extend Weakness
CRUDE OIL: The commodity continued to sell off pushing it below the 92.10 level, its Dec 27’2013 low and opening the door for more downside. Further down, support comes in at the 91.00 level where a break will target the 90.00 level, its big psycho level. Bulls may come in here and turn the commodity … “CRUDE OIL: Faces Bear Pressure, Set To Extend Weakness”
Leverate enters the Binary Options world with the BX8
Forex trading software provider Leverate has entered the binary options market and now offers a new SaaS white-label Binary Options platform. Leverate recently gave a performance boost to its LXFeed. For more on BX8, here is the official press release: January 6, 2013 – Leverate, the developer of the award-winning Sirix retail forex front-end trading platform, announces … “Leverate enters the Binary Options world with the BX8”
USD/CHF: Rallies, Takes Out Key Resistance
USD/CHF: With USD/CHF rallying to take out its key resistance at the 0.9000 level, it now faces the risk of further strength in the new week. Resistance resides at the 0.9109 level, its Dec 02’2013 high where a violation if seen will pave the way for a run at the 0.9149 level, its Nov 22 … “USD/CHF: Rallies, Takes Out Key Resistance”
How the trade balance affects currency prices
Predicting the direction of forex markets is notoriously difficult, in fact there are many people in the academic world who believe it to be almost impossible – at least on a short term basis. On longer time frames, there is more agreement, and many of those who study macroeconomics believe that the trick to predicting … “How the trade balance affects currency prices”
TradeCrowd launches the Contra Copy feature for going against
TradeCrowd, that launched social trading platform in early November, is now introducing new Contra Copy feature: it allows traders to copy trades in the other direction: this makes the contrarian trade much easier. For more details, here is the official press release: LONDON, 11th of December 2013 – TradeCrowd, the producer of its eponymous online … “TradeCrowd launches the Contra Copy feature for going against”
Leverate reorganizes management: Doron Cohen is the Chairman of
Leverate, a provider of software solutions for brokers, is making management changes following its strong growth. Doron Cohen is stepping down from co-CEO and will assume the role of Chairman of the Board of Directors. Ran Strauss will continue as the sole CEO and will handle the day-to-day company activities. For more details, here is the … “Leverate reorganizes management: Doron Cohen is the Chairman of”
OANDA launches “Markets in 3D” technical analysis by FinGraphs
Global forex broker OANDA partners with FinGraphs to launch a new tool for technical analysis that identifies trends in three time frequencies: short, medium and long term. The service is available for free for OANDA users for 7 days, after which they can opt to subscribe to it on a monthly basis. It is a … “OANDA launches “Markets in 3D” technical analysis by FinGraphs”
Canadian trade balance turns positive – CAD recovers
Canada reported a surplus of 0.1 billion in OCtober, significantly more than a deficit of 0.7 billion expected. A non-negative trade deficit was last seen in December 2011. USD/CAD is dropping a bit, after suffering from a long period of drops. The US trade deficit for October slid to 40.6 billion, within predictions. It was … “Canadian trade balance turns positive – CAD recovers”
Sirix copy trading volumes have quadrupled
Leverate, the software provider for brokers, reports that copy trading volumes in its social platform, Sirix, have quadrupled in the past 3 months. Copy trading was launched by the company around one year ago. For more details, here is the official press release: December 4, 2013 – Leverate announces that Sirix copy trading volumes have … “Sirix copy trading volumes have quadrupled”