The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world
GBP/JPY – Bearish Breakout Ahead of Jobs Data and BoE
OANDA Senior Market Analyst Craig Erlam talks to Core Finance about the recent bearish break in GBPJPY and whether it signals more pain ahead. He also previews the UK jobs data and Bank of England inflation report hearing and what they could mean for interest rates this year. USD/JPY – Japanese Yen Edges Lower as…
New Zealand Has NZ$640 Million Trade Surplus In December
New Zealand posted a merchandise trade surplus of NZ$640 million in December, Statistics New Zealand said on Tuesday – representing 12 percent of exports.
Gold Slips as US Dollar Selloff Hits the Breaks
Gold has started the week with losses. In North American trade, the spot price for an ounce of gold is $1341.32, down 0.62% on the day. On the release front, Personal Spending slowed to 0.4%, shy of the estimate of 0.6%. On Tuesday, the key indicator i…
Trading Crude Oil: Top 10 Terminologies you Need to Know
Without a doubt, crude oil is the most important commodity in the world. Without it, other commodities would be difficult to produce on a large scale. For example, it would be impossible to cultivate corn, cotton, and wheat…
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India Equates Cryptocurrencies To Ponzi Schemes In Warning
India’s finance ministry on Wednesday issued a warning against trading and transacting in crytpocurrencies such as Bitcoin, saying they do not have any intrinsic value and likened them to Ponzi schemes. The virtual currencies, or VCs, are not backed by…
Weekly Review: Copper, Ripple and Brent Big Winners as Dollar Disappoints
This week, as expected, markets experienced thin volumes as investors celebrated the Christmas holidays. Still, the markets saw major moves especially with the cryptocurrencies. On Monday, the major cryptos tried to recover from the major losses experienced last…
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What Can We Expect in 2018?
2017 has been a very successful year for investors and traders. Stock markets in most developed countries have had major double-digit growth. Investors in cryptocurrencies have seen their positions grow exponentially. Traders in commodities had mixed results with…
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What Currency Performs Best at the Start of the Year?
If you are wondering which currency, other than the U.S. dollar, to hold at the start of a new year, past trades show you’ll be better off with euros.Using data analytics platform Kensho, CNBC looked at the average return when holding sterling, e…
GBP/USD: Bullish Sentiment with the Next Target at 1.3485?
This year, the cable has struggled to recover from the losses it received following the Brexit vote in 2016. The chart has managed to move from a low of 1.1867 to the current price of 1.3463 with the…
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Daily Technical Insight – WTI: Expect a Short-Term Pullback
On Tuesday, the price of WTI reached a 2-year high at $59.6 following reports of an explosion at the biggest oil terminal in Libya. Previously, WTI started a strong bullish rise since June this year when it bottomed…
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