USD/CAD Sudden But Natural Plunge Explained

Japanese Yen Trading Lower In The Asian Session

For the 24 hours to 23:00 GMT, the USD rose 0.53% against the JPY and closed at 107.31. On the data front, Japan’s final machine tool orders recorded a rise of 48.8% on an annual basis in January, confirming the preliminary print. In the prior month, machine tool orders had recorded a rise of 48.3%. […]

Read More
Asian Altcoin Trading Roundup: Top Cryptocurrency is OmiseGO

Asian Altcoin Trading Roundup: Top Cryptocurrency is OmiseGO

After a few days in the green crypto markets are correcting today and red is dominating the coin charts. A small selloff has started as traders take profits during the Asian session. Bitcoin has retracted by around 2% to $11,300 and most of the altcoins have followed it down. Only one or two are still […]

Read More
TSX up 19 points in midafternoon trading; dollar falling

TSX up 19 points in midafternoon trading; dollar falling

 TORONTO — The loonie lost more than half a cent on Tuesday as Canada’s main stock index fell and U.S. stocks ended a six-day winning streak following a long holiday weekend. The Canadian dollar closed at an average trading value of 79.23 cents US, down 0.51 of a cent US from Friday. “The dollar is […]

Read More
TSX edges ahead in early trading; Canadian dollar drops

TSX edges ahead in early trading; Canadian dollar drops

 The Toronto stock market’s S&P/TSX composite index was up 19.69 points to 15,472.33 in midafternoon trading Tuesday. The Dow Jones industrial average was down 130.18 points to 25,089.20. The Standard & Poor’s 500 index was down 1.80 points to 2,730.42. The Nasdaq composite index was up 48.53 points to 7,288.00. The Canadian dollar was trading […]

Read More
USD maintains gains amid thin trading

USD maintains gains amid thin trading

The U.S. dollar managed to hold on to the gains made from Friday as the U.S. markets were closed on Monday. Trading was broadly limited ahead of Wednesday’s FOMC meeting. With the USD posting some gains, most other major currencies were seen easing back, albeit only slightly. The Bank of England Governor, Mark Carney was […]

Read More
Asian markets dip as investors search for trading leads

Asian markets dip as investors search for trading leads

HONG KONG – Asian markets largely dipped on Tuesday as holiday closures saw muted activity in Europe at the start of the week, with investors searching for trading leads. Tokyo fell 1.2 percent after three days of gains as a solid yen failed to soothe exporters’ concerns, with the currency trading at its highest level […]

Read More
Litecoin Cash Lifts Off on First Day of Trading

Litecoin Cash Lifts Off on First Day of Trading

When forks occur, which is quite often in crypto land, the original one tends to have a good run up. This is largely due to the promise of free equivalent tokens from the new fork to holders of the original. Traders want to get in both for the price boost of the first coin, and […]

Read More
Dollar extends gain in holiday-thinned North American trading on short covering

Dollar extends gain in holiday-thinned North American trading on short covering

Market Review – 20/02/2018   01:18GMT   Dollar extends gain in holiday-thinned North American trading on short covering The greenback extended last Friday’s short-covering rally on gained broadly broadly vs its majors peers in holiday-thinned North American trading as financial markets in U.S. and Canada were closed for market holiday.    Versus the Japanese yen, dollar climbed initially to […]

Read More
Algo trading harmed market during Swiss franc crash – paper

Algo trading harmed market during Swiss franc crash – paper

The Swiss franc moved dramatically against the euro on January 15, 2015 Algorithmic trading appears to have worsened “market quality” during the Swiss franc crash in January 2015, a staff working paper published by the Bank of England finds. The euro/Swiss franc currency pair suffered extreme volatility on January 15 that year after the Swiss […]

Read More
Gold Trading Sideways in Thin Holiday Trade

Gold Trading Sideways in Thin Holiday Trade

Gold prices are trading sideways in the Monday session. Currently, the spot price for an ounce of gold is 1347.25, down 0.02% on the day. There are no US releases on Monday, as bank and stock markets are closed for Presidents Day. Volatility in the stock markets last week translated into gains for safe-haven assets […]

Read More
USD/JPY pushing higher heading into European trading

USD/JPY pushing higher heading into European trading

USD/JPY pushes up in thin market volumes. The pair is coming off of 15-month lows. USD/JPY has recaptured the 106.50 handle heading into European markets, with volumes thin through the Asia session as China’s institutions are shuttered for the first half of the week to celebrate Chinese New Year. New York will also bring with […]

Read More
AUD/USD 4 Hours Chart

Commodity Currencies Higher in Thin Trading, Dollar Pares Gain

Commodity currencies are trading generally higher in Asian session, following the rebound in Asian stocks. Meanwhile, weakness is seen in Dollar, Yen and Swiss Franc. But after all, most pairs are confined by Friday’s range. The economic calendar is light today, also with US on holiday. So, trading will likely be subdued. Nonetheless, the week […]

Read More
USD/CAD Sudden But Natural Plunge Explained

Swiss Franc Trading Marginally Firmer

For the 24 hours to 23:00 GMT, the USD rose 0.78% against the CHF and closed at 0.9281 on Friday. In the Asian session, at GMT0400, the pair is trading at 0.9276, with the USD trading 0.05% lower against the CHF from Friday’s close. The pair is expected to find support at 0.9213, and a […]

Read More
Asian Altcoin Trading Roundup: Top Cryptocurrency is Polymath

Asian Altcoin Trading Roundup: Top Cryptocurrency is Polymath

A Sunday pull-back is becoming almost regularity in the crypto markets and a red Monday morning is the result.  Bitcoin made it to a weekly high of $11,300 before cooling off a little and retreating back to $10,600 where it currently trades. The correction has taken all of the altcoins with it and most are […]

Read More
IntenseCoin logo

IntenseCoin (CRYPTO:ITNS) Trading Up 13.4% Over Last 7 Days

IntenseCoin (CURRENCY:ITNS) traded down 2.1% against the US dollar during the one day period ending at 21:00 PM ET on February 10th. IntenseCoin has a market capitalization of $4.61 million and $8,193.00 worth of IntenseCoin was traded on exchanges in the last 24 hours. One IntenseCoin coin can now be purchased for about $0.0126 or […]

Read More