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Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Oct 24, 2014 09:00
Tension is mounting towards the US Fed decision that just became even more interesting. Is stimulus finally set to end in the world’s No. 1 economy? The question of...

Majors»

GBP/USD Forecast Oct. 20-24

GBP/USD Forecast Oct. 20-24

Oct 19, 2014 13:50
The British pound showed some movement during the week but closed unchanged, at 1.6091. This week’s key events are Retail Sales and Preliminary GDP. Here is an outlook...
  • USD/JPY Forecast Oct. 20-25
    USD/JPY Forecast Oct. 20-25
    The Japanese yen showed some strength last week, as USD/JPY touched 5-week lows. The pair closed at 106.87,...
    on Oct 19, 2014 12:12
  • EUR/USD Forecast Oct. 20-24
    EUR/USD Forecast Oct. 20-24
    EUR/USD had a wild week, where the weakness of the dollar beat the weakness of the euro and sent the pair higher...
    on Oct 18, 2014 15:00
  • Forex Weekly Outlook October 20-24
    Forex Weekly Outlook October 20-24
    The US dollar was on the back foot against most currencies as volatility spiked and big moves provided opportunity...
    on Oct 18, 2014 09:48

Minors»

AUD/USD Forecast Oct. 20-24

AUD/USD Forecast Oct. 20-24

Oct 19, 2014 17:26
AUD/USD was marked by choppy trading this week and posted modest gains. AUD/USD closed at 0.8743. This week’s highlights are the RBA minutes and CPI. Here is an outlook...
  • NZD/USD Forecast Oct. 20-24
    NZD/USD Forecast Oct. 20-24
    The New Zealand dollar had an exciting week, alongside all the market, and in general, showed a lot of strength....
    on Oct 19, 2014 11:16
  • USD/CAD Forecast October 20-24
    USD/CAD Forecast October 20-24
    The Canadian dollar returned to its losing ways last week, as USD/CAD gained about 100 points, closing at 1.1275. This...
    on Oct 19, 2014 11:14
  • AUD/USD Forecast Oct. 13-17
    AUD/USD Forecast Oct. 13-17
    AUD/USD posted strong gains last week but then retracted, as the pair was unchanged at the end of the week. AUD/USD...
    on Oct 12, 2014 12:05

Basics & Industry»

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Oct 24, 2014 09:00
Tension is mounting towards the US Fed decision that just became even more interesting. Is stimulus finally set to end in the world’s No. 1 economy? The question of...

Recent Articles

This week in the markets: Pound loses out due to poor data

This week in the markets: Pound loses out due to poor data

The pound gradually fell against the dollar this week, as UK economic data and local market events continued to disappoint. MPC minutes on Wednesday painted a fairly dovish picture of what lay ahead for future monetary policy, suggesting that weaker growth and low eurozone inflation had increased downside risks to the UK. With average earnings

EUR/USD: Sensitive To Risk Appetite Anew; We Stay Long – Credit Agricole

EUR/USD: Sensitive To Risk Appetite Anew; We Stay Long – Credit Agricole

EUR/USD is down from the highs seen after the correction. Is it set to continue to lower levels, or is this a correction within the correction? Credit Agricole stays long with a target of 1.31, and explains exactly why: Here is their view, courtesy of eFXnews: The EUR has been supported of late, mainly on

U.S. Dollar Mixed After Higher Jobless Claims and NY Ebola Case

U.S. Dollar Mixed After Higher Jobless Claims and NY Ebola Case

The U.S. Department of Labor reported that Weekly Initial Jobless Claims had increased by 17,000 claims in the week ending on October 18th. Weekly jobless claims rose to 283K, compared to an expected decline to 269K and with the previous number revised slight higher from 264K to 266K. The four week average for jobless claims

UK GDP +0.7% as expected – GBP/USD ticks up

UK GDP +0.7% as expected – GBP/USD ticks up

No surprises from the UK: the economy grew at a pace of 0.7% q/q in Q3 according to the first read. Year on year, the economy grew 3%, also as expected. GBP/USD is moving up a bit, as a sort of “relief rally”. More: construction numbers look somewhat underwhelming and the index of services is also

Markets await UK growth data

Markets await UK growth data

There’s no doubt that a calmer tone has emerged in markets this year. Stocks have recovered for most of the week and the spike higher in forward volatility measures seen in both FX and even more so in equities have been partially reversed. This has also allowed the dollar to recover from the mid-October lows

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Tension is mounting towards the US Fed decision that just became even more interesting. Is stimulus finally set to end in the world’s No. 1 economy? The question of stimulus is also very relevant to the No. 2 economy, China, after the very balanced GDP number. And, we begin with a discussion about bitcoin, by placing it in

GBP/USD: Trading the British Preliminary GDP

GBP/USD: Trading the British Preliminary GDP

British Preliminary Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Update: UK GDP +0.7% as

EURUSD Prints Price Action BUY Signal on 4 Hour Chart

EURUSD Prints Price Action BUY Signal on 4 Hour Chart

I’ve been making a better effort to check what’s been going on the 4 hour time frame in these faster paced markets. The EURUSD downward trend seems to have lost some momentum and we are seeing price really ‘jam up’ and congest above a daily support level. The EURUSD was basically in ‘freefall’ for a

GBP/JPY: Strengthens, Eyes Further Upside

GBP/JPY: Strengthens, Eyes Further Upside

GBPJPY – With GBPJPY taking back some of its intraday losses on Wednesday and strengthening during Thursday trading today, further upside pressure is expected. On the upside, resistance lies at the 173.50 level followed by the 174.00 level where a break will aim at the 175.00 level. A cut through here will aim at the

Ottawa Tragedy Propels Loonie Volatility

Ottawa Tragedy Propels Loonie Volatility

After yesterday’s tragic events in Ottawa where Corporal Nathan Cirillo was fatally wounded outside the National War Memorial by an armed gunman, tensions are easing around further conflict within Canada’s borders.  While the nation’s capital remains on high alert with police still investigating whether the shooter, identified as Michael Zehaf-Bibeau, acted alone, the incident appears