One of the most common refrains heard by forex traders is about the central banks manipulating currency rates. This refrain often refers to the purchase of significant amounts of foreign currencies by a central bank, but there are many other ways that a central bank can and will manipulate world currency markets. Some of these … “How central banks disrupt the forex market”
Category: Opinions
Scope For Further JPY Strength Towards 110 After BoJ’s Move – BTMU
The Bank of Japan triggered a “mini taper tantrum” with its tests. In addition, the news about China’s intention to slow buys of US Treasuries also played its part in pushing USD/JPY lower. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research discusses USD/JPY outlook and notes that the JPY is the … “Scope For Further JPY Strength Towards 110 After BoJ’s Move – BTMU”
How EUR/USD respects technical levels in 2018 – 4 examples
EUR/USD, the world’s most popular currency pair, is moving at a slow rate. This may frustrate many traders who are looking for those long-forgotten big breakouts. However, the comatose pace doesn’t mean choppy trading, at least now in these first days of 2018. Here is what happened with euro/dollar so far in the new year. … “How EUR/USD respects technical levels in 2018 – 4 examples”
EUR/USD: After losing 1.20, what’s next? 4 opinions
EUR/USD lost the 1.20 level. While it hasn’t been able to regain it, the pair isn’t falling too fast either. What’s next? Here are four opinions. Here is their view, courtesy of eFXnews: EUR/USD: ‘Beware Of Bull Trap Risks’: Key Levels To Watch – BofAML Bank of America Merrill Lynch Research discusses EUR/USD technical outlook … “EUR/USD: After losing 1.20, what’s next? 4 opinions”
USD/CAD: Job Report Enough For BoC To Hike This Month – CIBC
The Canadian dollar enjoyed a superb jobs report: back to back gains of around 79K. What are the implications for the loonie? Here is the view from CIBC: Here is their view, courtesy of eFXnews: CIBC Research discusses the reaction to today’s Canadian jobs report for the month of December. “The books closed on a phenomenal … “USD/CAD: Job Report Enough For BoC To Hike This Month – CIBC”
Should I buy Bitcoin Futures?
The wonderful world of futures contracts has finally caught up with the exciting new world of cryptocurrencies. If you pardon the pun, for Bitcoin, the futures is now. Futures contracts have been in use since the late 19th century. A futures contract is an agreement for the delivery of goods at a specified date in … “Should I buy Bitcoin Futures?”
EUR/USD: How high can it go and will the ECB react?
EUR/USD is holding onto 1.20 despite attempts for a recovery from the US dollar. What’s next for the common currency? At some point, we could see the ECB expressing its discontent. Here is their view, courtesy of eFXnews: EUR/USD: ‘Embrace The Strong EUR’ In 2018 Ahead Of Next Major Catalyst – ING ING FX Strategy … “EUR/USD: How high can it go and will the ECB react?”
GBP/USD: Staying Structurally Bullish Targeting A Break Above 1.40 – BTMU
GBP/USD had a positive end to 2017, but that was mainly thanks to the weakness of the British pound. Can Sterling find its own footing and rise to higher ground? The team at BTMU is quite bullish. Here is their view, courtesy of eFXnews: BTMU FX Strategy Research discusses GBP outlook and maintains a structural bullish … “GBP/USD: Staying Structurally Bullish Targeting A Break Above 1.40 – BTMU”
Thanks Ireland: The Amicable Divorce
We all know that politics makes strange bedfellows, but in the case of Britain negotiating with EU over Brexit, those bedfellows could be no stranger. After months of stalled talks, Britain’s Theresa May and EU President Jean-Claude Juncker may have pulled a rabbit out of the hat. For what seemed a lifetime, the two sides … “Thanks Ireland: The Amicable Divorce”
Ethereum price: ETH/USD sliding but holds onto support – buying opportunity?
ETH/USD is trading around $740, well within a well-defined trading range when looking at regular lines of support and resistance and also looking at the uptrend channel. The lines are currently converging at a critical spot. If this line holds, there may be a buying opportunity, at least from a technical perspective. Ethereum suffered from the … “Ethereum price: ETH/USD sliding but holds onto support – buying opportunity?”