Tag: Forex News

Cryptocurrency Market Update: Ontology (ONT) Price Profits from New Partnership

FOMO Moments Current performing altcoins are Ontology, Tron, Ethereum Classic, and Icon. The bears were caught napping and a small, but possibly short-lived, bounce occurred in the crypto markets a few hours ago. In what appears to be a single whale transaction, Bitcoin shot up $300 in a matter of minutes at 23.30 UTC. The […]

Ethereum Price Analysis: ETH/USD Broke Key Resistance

Key Highlights ETH price made a nice upside move and broke the $495 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $498 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $500 level and the 100 […]

World Cup effect weighing on volumes

World Cup effect weighing on volumes Volumes are running low confirming the World Cup effect, but the lack of any substantial data has also contributed to the downturn in volume. Equity Market Risk off sentiment continues to dog equity markets as heightened trade tension between China and the US have investors yet again bracing for […]

Gold under pressure after

Gold is trading sideways in the Monday session. In North American trade, the spot price for one ounce of gold is $1278.63, down 0.09% on the day. It’s a quiet start to the week, with no major releases out of the U.S. On Tuesday, the focus is on construction numbers, with the release building permits […]

CAC slips as Trump tariffs spook investors

The CAC index has started the week with sharp losses. In the Monday session, the CAC is at 5436, down 1.2% on the day. On the release front, there are no eurozone or French indicators. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech from ECB President Mario Draghi. […]

FED NY: Statement from President Williams

June 18, 2018 I am pleased to be starting my tenure today as president and CEO of the Federal Reserve Bank of New York. As someone who has dedicated his career to public service, I can think of no better place from where to continue to support the nation’s economic well-being. The New York Fed […]

USD/CAD – Canadian dollar slips to 1.32 on trade tensions

The Canadian dollar is trading sideways in the Monday session. Currently, USD/CAD is trading at 1.3183, up 0.05% on the day. On Friday, the pair broke above the 1.32 line for the first time since June 2017. On the release front, there are no major events on the schedule. On Tuesday, the U.S releases building […]

Uncertainty in Oil Markets as China Threatens to Impose Tariffs on American Oil

For decades, Trump has been vocal on trade issues. In the 80s, he argued that the United States was being taken advantage of by its allies and enemies. Specifically, he was always vocal about Europe and how it treats American companies. He was also vocal about South Korea and Japan, some of the biggest American […]

Brent Technical Analysis: As OPEC Meets, Brent Could Rise to $74

Crude oil has been one of the best performing assets this year. This year, Brent crude has gained almost 10% while WTI has gained 6%. In the past few weeks, crude oil has fallen from the recent highs as concerns of overproduction have increased. Today, Brent and WTI have reached $73 and $64 respectively. This […]

DAX slides as Trump slaps tariffs on China

The DAX index has started the week with sharp losses, continuing the downward trend seen on Friday. Currently, the DAX is at 12,834, down 1.35% on the day. On the release front, there are no German or eurozone indicators. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech […]