A UNIQUE FOREX BROKER WITH TIGHT SPREADS OFFERING MT4 | CTRADER | FIX API | PAMM | CUSTOM LIQUIDITY

The GBP/USD pair reversed a dip to sub-1.4000 level and quickly rebounded around 50-pips from session lows, touched in the last hour. The pair extended its retracement slide from closer to mid-1.4300s, fresh post-Brexit highs, and momentarily...

Gold remained under some selling pressure for the second consecutive session and has now dropped to one-week lows, around $1335 level.The precious metal extended its steady decline from an 18-month high level of $1366, touched last week, and...

Forex today witnessed a bounce in the US dollar across its main competitors in Asia, as the greenback replicating Monday’s Asian moves. Broad-based US dollar rebound was mainly driven by a spike seen in 10-year Treasury yields to fresh 45-month tops.

The upbeat sentiment around the greenback is keeping EUR/USD in subdued levels at the beginning of the week around the 1.2400 neighbourhood.

The USD/JPY pair surrendered its early recovery gains to the 109.00 handle and retreated around 35-pips from session tops. Despite the ongoing upsurge in the US Treasury bond yields, a modest US Dollar rebound lacked any...

Bitcoin prices slipped on Monday, as the market weighed up news of a fresh crackdown on a cryptocurrency exchange in Japan after the biggest theft of digital assets since 2014.

Asian stocks pared gains by midday as the U.S. dollar lost some of its early momentum. China and Hong Kong shares turned lower, with declines in the mainland led by small-cap companies...

Disappointing US GDP and contradictory comments on currency strength at Davos burden dollar. The USD depreciated against majors as soft Q4 GDP numbers on Friday and mixed comments on the desired strength and weakness of the currency made at the World Economic Forum in Davos put downward pressure on the greenback. The Trump administration is pushing its tough stance on trade, but...

Danske Bank Research discusses EUR/USD outlook and thinks that the pair is prone for further medium-term strength through the coming months on the back of strong flows...

Gold prices continued to fall on Friday, after the dollar got a boost from comments by U.S. President Donald Trump. Prices began to fall on Thursday after CNBC reported that Trump said he wanted to see a stronger dollar and...

Bitcoin, the world's most traded virtual currency, extended its recent range-bound price action through the early European session on Friday. Currently trading around the $11K mark, down over 4% for the day, the digital currency...

President Trump came to Draghi's rescue in the late NA session yesterday, but Yuan played spoilsport in Asia. ECB's Draghi failed to talk down the EUR, but Trump's "strong dollar" gave a much-needed boost to the USD, leading to a drop in EUR/USD.

We mentioned yesterday that in order to revive the flagging momentum, EUR has to “stage a clear push above last week’s top near 1.2325 within these 1 to 2 days”. EUR blast past this level in a hurry and surged to hit a...

The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow trading range around the 109.00 handle. A strong bearish pressure surrounding the US Dollar eased a bit during the European session and...

NAB Research discusses EUR/USD outlook ahead of tomorrow's ECB meeting and notes that while the pair is is over 3.5% higher from since the last ECB meeting Minutes were released, its recent rally reflects the broadly weakening USD.

Asian stocks trended lower Thursday after the U.S. dollar slid overnight, pressuring export-reliant Japanese stocks. The ICE U.S. dollar index fell to levels last seen in 2014, after U.S. Treasury Secretary Steven Mnuchin said at the World Economic Forum in Davos, Switzerland, that “a weaker dollar is good for trade.”

Bitcoin, the world’s most traded virtual currency, is seen building on its last two days of rebound from $ 9900 levels, as markets continue to hold the interest in the digital currency and look to buy the dips, despite the concerns over the Asian regulatory clampdown.

The US dollar continued to lose ground across the board In Asia and went on to hit fresh three-year lows sub-89 handle, triggering a fresh buying-wave across all the majors. The Kiwi took this opportunity and staged a solid comeback, reversing more-than-half of the NZ CPI miss induced slide.

Bitcoin, the world’s most traded virtual currency, is seen making recovery attempts once again above the $ 11k mark, as the bulls struggle to make a comeback from this week’s slide to $ 9900 levels. As of writing, the spot jumps nearly 5% to $ 11,030, looking to retest yesterday’s high of $ 11,383.

Asian stocks mostly pulled back Wednesday, pausing from a rally in equities this month. Taiwan’s Taiex Y9999, -0.90% led the declines in the region, falling 1%, after recording its second eight-session winning streak in...

Gold continued gaining some positive traction through the early European session and is currently hovering around 4-month tops touched last week. The US Dollar sank to fresh three-year lows, below the 90.00 round figure mark and was seen benefitting dollar-denominated commodities - like gold.

The American dollar finds no love despite oversold technical conditions and slipped to a three-year low below 90.00 levels in Asia. USD/JPY reportedly ran through stops on USD longs placed below 110.00...

After hitting a high of 1.2322 last Wednesday (17 Jan), EUR has not been able to make much headway on the upside. Momentum has deteriorated further and the consolidation over the past few days amidst overbought conditions has increased the risk of an interim top. In order to revive the current flagging momentum, EUR has...

The GBP/USD pair extended its rejection slide from the key 1.40 psychological mark, fresh post-Brexit highs, and refreshed session lows in the last hour. A goodish pickup in the US Dollar demand, supported by...

The dollar moved slightly higher on Tuesday, taking a breather from its recent selloff as traders welcomed the end to the U.S. government shutdown. Meanwhile, the yen rose against all other major currencies after the Bank of Japan...

The USD/CAD finally broke out of its Asian session consolidation phase and refreshed session tops in the past hour, albeit remained capped below the key 1.25 psychological mark.A goodish US Dollar rebound, triggered by the Senate vote to approve a short-term spending bill to fund the government for another three weeks...

Asian stocks powered higher Tuesday, building on continued records in the U.S. as the earnings season there began strongly and as investors shrugged off risks at home. Indexes in Hong Kong, Japan and South Korea rose more than 1%; indexes in China, Australia and India, more than 0.5%.

The US dollar experience a bit of a bounce versus its main competitors in the Asian session, after the reports hit the wires that the US President Trump signed the funding bill, which ended a 3-day US government shutdown. As a result...

EUR hit a high of 1.2295 last Friday but dropped quickly to end the day near the low. Upward momentum has deteriorated further and we continue to see increasing risk of an interim top. That said, only a break of 1.2150 would indicate that a top is in place. Until then, another attempt...

The EUR/USD pair once again managed to catch some bids ahead of the 1.2200 handle and has now rebounded around 40-pips from session lows.The pair opened with a modest bullish gap at the start of a new week and was being supported by some positive development...

Market reaction in Asia after the partial shutdown of the U.S. federal government was muted Monday, with little movement in stocks and other asset classes.However, Samsung Electronics 005930, -2.19% fell as fresh caution grew about demand for rival Apple’s most expensive iPhone.

As of writing, the spot is exchanging hands at 1.3890. The 10-year yield clocked a high of 2.67 percent...

Central banks and growth indicators to feature alongside Washington Turmoil The USD dollar remains weak versus most majors due to the downward pressure from the threat of a government shutdown. The House of Representatives has passed a short-term funding bill, but it faces an uphill battle in the Senate with the midnight deadline fast approaching.

The USD/JPY pair stalled its descent near mid-110.00s and has managed to rebound around 15-20 pips from session lows. The greenback selling pressure remained unabated and kept exerting downward pressure...

Oil prices took a sharp turn lower on Friday on worries over record U.S. oil production, and after a major energy watchdog predicted shale producers would help drive production to levels not seen since the 1970s.

The GBP/USD pair slipped to the 1.3900 handle in reaction to disappointing UK retail sales data but quickly rebounded back to post-Brexit highs.The British Pound lost some ground after data released from the UK showed monthly retail sales posted its weakest reading since 2010...

The EUR/USD pair continued gaining some positive traction during the early European session and refreshed session tops, around the 1.2275-80 region in the last hour. The pair traded with a positive bias for the second consecutive session on Friday and has now recovered over 100-pips from...

As most Asia-Pacific stock markets look likely to end the week higher, Australia has underperformed with a noted drop in energy stocks.

EUR hit a ‘fresh’ high of 1.2322 yesterday but the subsequent rapid drop and the weak daily close came as a big surprise. The price action has resulted in an ‘outside bearish day’ and this suggests an increasing risk of an interim top...

After an initial dip to fresh weekly lows, gold staged a modest recovery to $1330 level and recovered part of previous session's steep losses. The precious metal stalled its corrective slide to the lowest level in nearly a week and was now supported by...

Bitcoin struggled to hold onto $11,000 on Thursday and to stabilize after a week that has so far wiped more than 20% off spot prices. Bitcoin’s spot price BTCUSD, +1.54% rose 0.2% to $11,165.89, after selling on Wednesday knocked it to...

The US Dollar struggled to build on overnight strong rebound and held with modest losses in a rather subdued trading action on Thursday. On Wednesday, the greenback staged a solid rebound from fresh 3-year lows and was further supported by...

Asia-Pacific stocks were higher Thursday, aided by strength in Chinese banks and regional tech companies, after equities hit fresh record highs on Wall Street overnight.

Forex today remained in a wait-and-see mode, with most majors consolidating the overnight moves while awaiting the Chinese macro releases. The Aussie nursed losses amid mixed Aus jobs data.

The immediate target of 1.2300 that was first highlighted on Monday (15 Jan, spot at 1.2195) was just exceeded at the time of writing (high of 1.2305). As highlighted previously, a break of 1.2300 would shift...

Gold prices held near four-month highs on Wednesday even as a stronger dollar made bullion more expensive for holders of other currencies. The price of gold has risen by about 8 percent since mid-December, helped by a weakening of the dollar to...

The cryptocurrency market has continued to slump over the past 24 hours, as major cryptocurrencies including Ripple, Ethereum, and Bitcoin Cash recorded over 20 percent in daily losses.Since January 15, the market valuation of cryptocurrencies declined from $700 billion to...

The USD/JPY pair held on to its strong recovery gains, with bulls now eyeing a move beyond the 111.00 handle for fresh impetus. After an initial dip to fresh 4-month lows, near the 110.20 region, the pair staged a smart recovery and so far...

Asian stocks were mostly lower Wednesday following a late selloff in U.S. equities and after some markets logged fresh highs Tuesday. Hong Kong’s Hang Seng Index topped 2007’s record-high close on Tuesday while Singapore’s main stock index breached 2015’s high, getting to levels last seen in 2007.

Forex today witnessed good two-way price movement in the US dollar versus its main competitors, with a solid comeback staged from multi-year troughs below 90 handle knocked-off most majors lower. Meanwhile, the EUR, AUD, and GBP were offered into the technical selling while the Yen...

We turned bullish yesterday (15 Jan, spot at 1.2195) and the ‘round-number’ target indicated at 1.2300 was almost met as EUR hit an overnight high of 1.2296. As highlighted, from a weekly chart perspective, there is hardly any significant resistance until 1.2780.

Bitcoin price dropped to a 2018-low during Tuesday’s morning trading (GMT), losing over $2,300 (Bitfinex) in a 17% fall in just under 3 hours. Dampened by regulatory scrutiny in Korea, home to one of the world’s biggest crypto markets, bitcoin and other cryptocurrencies continued their descent today.

The GBP/USD pair retreated farther from post-Brexit highs and refreshed session lows following the release of UK inflation figures. Currently trading around the 1.3770-65 region, the pair met with some supply after the UK consumer inflation, as measured by headline CPI...

The EUR/USD pair witnessed good two-way price movement so far this Tuesday, in the wake of broad-based US dollar rebound and German political headlines. The spot broke its bullish consolidation phase to the downside in early Europe and dropped as low as 1.2216 after the EUR was hit by the reports that...

The USD/JPY pair held on to its recovery gains through the early European session, albeit lacked any strong follow-through momentum and remained capped below the 111.00 handle.The pair stalled its recent downward trajectory and rebounded a bit on Tuesday, snapping 6-consecutive days of...

With the heavy selling pressure on the greenback remaining unabated on Monday, USD denominated pairs preserved their bullish momentum. The AUD/USD pair reached its highest level since late September at 0.7967 during the European session before going into a consolidation phase.

The EUR/USD pair caught a fresh bid tone and broke its consolidative phase to the upside, now printing fresh three-year tops near 1.2280 region amid aggressive selling seen in the US dollar across the board. The US dollar took a hit further against its major rival on a breach of January 2015 lows, triggering stops and...

Hong Kong’s stock benchmark declined on Monday and broke a 14-day winning streak, falling alongside Chinese equities after some downbeat domestic data. Other Asian stock markets logged gains in Monday’s session, after all three major U.S. stock indexes closed at record highs on Friday on the hope that...

The USD/CAD pair extends its losing streak into a third day today, as a beleaguered US dollar combined with surging oil prices continue to keep the rates near 3-day troughs near 1.2440.

Rumours surrounded this week went from shrinking Chinese appetite of US bonds, to speculation that the US would pull out of NAFTA and while real economic indicators on Friday showed stronger US inflation and retail sales it did little for the struggling US dollar. Economic growth outside of the US is accelerating and...

While we highlighted in recent updates that any weakness in EUR is viewed as part of a broader 1.1870/1.2050 consolidation range, the sharp and strong rally yesterday came as a surprise. The ‘hawkish’ ECB minutes sent EUR soaring above 1.2050 and the short-term pressure has...

The USD selling pressure remained unabated, with the GBP/USD pair now building on its strong bullish momentum further beyond the 1.3600 handle. Thursday's downbeat US economic reports, especially an unexpected drop in producer prices, continued weighing on the US Dollar and assisted...

The euro surged against rivals on Friday, hitting its bets levels against the dollar in three years after German lawmakers reached an agreement on a blueprint for a ruling coalition.The dollar meanwhile, drifted lower ahead of a big batch of U.S. data — retail sales and consumer price inflation, which could...

After an initial uptick to 111.44 level, the USD/JPY pair ran through some fresh offers and has now drifted into negative territory for the fourth consecutive session.The news that German party leaders have reached a breakthrough in coalition talks aggravated the US Dollar selling pressure and has been a...

Most Asia-Pacific stock markets chalked up modest gains early Friday, following fresh records on major U.S. indexes, stemming two days of declines in the region. But a third straight big drop in Samsung and ongoing strength in the yen kept the main stock indexes in South Korea and Japan lower.

Forex today was a quiet affair in Asia, with most majors sticking to tight ranges, consolidating yesterday rebound amid broad-based US dollar sell-off. The EUR/USD pair extended its previous rally and hit weekly tops above 1.2060 levels, as...

We just turned neutral on EUR yesterday and there is no change to the view. As highlighted, improved shorter-term downward momentum suggests immediate downward pressure but we continue to view any weakness as part of a broader...

Gold prices were little changed on Thursday, sticking to the almost four-month high hit this week, as a stabilizing dollar kept the yellow metal’s move in check. February gold GCG8, +0.17% was up about $2.20, or about 0.1%, at $1,321.70 an ounce. It settled Wednesday at...

The dollar rebounded in Thursday’s trade after a Chinese regulator blasted a report that Beijing will scale back its U.S. bond purchases as “fake news.” The greenback posted the biggest gains against the Canadian dollar and Mexican peso, building on gains from Wednesday when...

Having touched an intraday high level of 1.1970, the EUR/USD pair ran through some fresh offers and refreshed session low in the last hour. A goodish US Dollar rebound was seen as one of the key factors contributing towards an extension of the pair's overnight...

The GBP/USD pair extends its weakness into a third day today, looking vulnerable below a break of the key confluence zone near 1.3480 levels.

Asian stocks Thursday were broadly down for a second straight session, continuing a global pullback from recent record and multiyear highs, with some markets pressured by stronger local currencies.

We just turned neutral on EUR yesterday and there is no change to the view (see update here). As highlighted, improved shorter-term downward momentum suggests immediate downward pressure but we continue to view any weakness as part of...

After an initial dip to one-week lows, gold gained some fresh traction and spiked to near 4-month tops in the past hour. The precious metal touched an intraday high level of $1327.74, tracking...

Some Asian stock markets pulled back Wednesday morning, ending a big start to 2018 for global equities, though Hong Kong’s benchmark climbed to a 10-year high.

The GBP/USD pair maintained its offered tone for the second consecutive session, albeit managed to bounce off few pips from lows after mixed UK releases. The pair managed to recover around 15-20 pips from the 1.3500 neighborhood and was being supported by...

The USD/CAD pair now seems to have entered a consolidation phase and was seen oscillating within a narrow trading range above mid-1.2400s.

Forex today in Asia experienced risk-off flows, as mixed Chinese inflation data combined with fresh North Korea headlines weighed negatively on the investors’ minds. The safe-haven Yen extended yesterday’s rebound and...

While we warned of an increased “risk of a sustained pull-back” yesterday (08 Jan, spot at 1.2035), the ease and pace of which the 1.1970 ‘stop-loss’ was taken out came as a surprise. The outlook has shifted to...

Asian stocks extended their New Year rally Tuesday, though Japanese equities pared gains after the Bank of Japan trimmed the size of its bond-repurchase offer by 5% in its latest market operation.

The AUD/USD reversed upbeat Australian data-led early gains and dropped to a three-day low level of 0.7816 in the past hour. Investors looked past an unexpected jump in the Australian building approvals data, with a fresh wave of...

The GBP/USD pair struggled to build on early up-move and once again ran through some fresh offers ahead of the 1.3600 handle. The pair retreated from...

Forex today in Asia witnessed volatility seeping back, as full markets return after the New Year holiday break. Among the Asia-pac currencies, the Yen and Aussie both rallied, but it was the BoJ’s reduced JGBs purchases news that made the Yen the biggest gainer. The Kiwi also...

After yesterday's brief pause, the USD/CAD pair came under some renewed selling pressure and hangs closer to last week's over 3-month lows.

The USD/JPY pair erased all of its early gains to 1-1/2 week tops and has now retreated back to the lower end of its daily trading range, closer to the 113.00 handle.

Gold futures inched down Monday, putting them on course to settle lower for the first time in a dozen sessions.

The dollar continued to rebound on Monday, charging higher after several Federal Reserve members hinted that at least three interest rate hikes are on the table in 2018.

Asian equities moved broadly higher early Monday, extending last week’s global stock rally, even as some local markets underwent a bout of morning weakness. The same happened Friday before markets in the region were almost uniformly able to end the week with solid gains.

After an initial uptick to 1.3585 area, the GBP/USD pair met with some fresh supply and dropped to session low during the early European session.

The AUD/USD pair traded with a negative bias on Monday and is currently placed at session lows, around the 0.7840-35 region.

The GBP/USD pair reversed an early dip to an intraday low level of 1.3523 and is currently placed in neutral territory, around mid-1.3500s. The pair witnessed a sharp reversal from the 1.3575-80 region and retreated around 50-pips during the early European session.

Gold prices edged lower on Friday and eroded part of previous session's sharp up-move to fresh 3-1/2 month highs. Spot gold retreated below $1320 level, down 0.15% for the day, as attention shifts to the keenly watched US non-farm payrolls data for fresh directional impetus.

The USD/JPY pair traded with a positive bias for the third consecutive session and continued gaining traction further beyond the 113.00 handle.The pair was seen building on its rebound momentum from closer to 100-day support, near the 112.00 handle, and has now jumped to fresh weekly tops, around the 113.20-25 region.

The USD/CAD pair staged a modest recovery from 2-1/2 month lows and might now be looking to build on its momentum back above the key 1.2500 psychological mark. The pair extended overnight bearish break below the weekly trading range and touched...

The global stock rally continued in Asia early Friday, with numerous markets hitting fresh multiyear highs — though gains show signs of cooling. Japan’s Nikkei Stock Average NIK, +0.89% , which rose as much as 0.7% early to notch another

The relatively large drop in EUR yesterday that hit a low of 1.1999 was unexpected. The failure to break above the major 1.2100 resistance does not bode well for the current bullish view (see update from yesterday, 03 Jan). However, only a...

Pre-NFP caution gripped the FX today in the Asia session, with the US dollar on the back foot across the board. More so, the fresh North Korean headlines weighed down on the risk sentiment. However, towards the Asia close...

The GBP/USD pair built on its post-FOMC minutes steady up-move from the 1.35 neighborhood and is currently placed at session tops post-UK services PMI.

We shifted to a bullish stance yesterday (02 Jan, spot at 1.2005) and expected EUR to ‘retest’ the major 1.2100 resistance. While the high has been 1.2082, the rapid rise and the solid daily closing yesterday suggest that the odds for a clear break above...

The EUR/USD pair extended its steady recovery move from the key 1.2000 psychological mark but lacked any strong follow-through momentum.Overnight US Dollar recovery move, supported by upbeat ISM manufacturing PMI and perceived hawkish FOMC meeting minutes...