News

Top 3 Event Risk Affecting Forex this Week (10 feb 2014)

There has been very little activity in the foreign exchange market this morning but that does not mean it will be a quiet consolidative week for currencies. In fact, we believe that some of this week’s event risks can trigger breakouts in the majors. Forex traders are waiting for new direction and Read more..   

Prices Plummet on MtGox after Exchange Blames Bitcoin Protocol for its Problems (10 feb 2014)
Prices took another dive on MtGox today after the long awaited Monday statement from the exchange failed to deliver. Not only did the company say that bitcoin withdrawals will not be resumed, it went a step further by conditioning their return on a change in the bitcoin protocol itself. Here a part of the MtGox Read more.. 

ECB: What Did Draghi Say to Send EUR to 1.36? (6 feb 2014)

As usual, euro did not react to the European Central Bank’s monetary policy decision until ECB President Mario Draghi started the press conference. Read more..  

No FX Consensus on Rate Day But Aussie Shines (6 feb 2014)

Market Drivers February 6, 2014 AU Retail Sales, Trade Balance all beat sending Aussie towards 9000

ECB/BoE on tapNikkei  -0.18% Europe .92% Oil $97/bbl Gold $1258/oz .Read more..

U.S. stocks rebound as market looks past factory data; Dow gains 0.47% (5 feb 2014)

 U.S. stocks rebounded on Tuesday as investors bet that a dismal January factory barometer released on Monday may be the product of rough winter weather that put commerce Read more..

NZD/USD falls despite drop in unemployment rate (5 feb 2014)

 The New Zealand dollar fell on Wednesday during Asian trading despite the country’s employment rate came down to lowest level in five years as the economy steams ahead at a pace the Reserve Bank of New Zealand Read more..

Gold futures remain lower after U.S. factory orders data (5 feb 2014)

 Gold futures remained lower on Tuesday, after data showed that U.S. factory orders fell less-than-expected in December.Read more..

er robust U.S. gross domestic product data cemented market expectations for the Federal Reserve to continue dismantling stimulus programs, which fueled demand for the dollar.Read more...