The Canadian economy grew at the fastest pace in four months in May, driven by gains in manufacturing, wholesale and retail trade, energy and construction. Gross domestic product, the total of goods and services produced in the country, rose 0.4% to 1.62 trillion Canadian dollars ($1...
U.S. home mortgage applications fell last week, lead by a decline in refinancing requests, reported the Mortgage Bankers Association on Wednesday. The MBA announced that its seasonally-adjusted measure of mortgage applications, which covers both new home purchases and refinancing, plunged 2...
On Tuesday the dollar held steady near a six-month peak against a basket of major currencies at Australian and Singapore markets, as investors kept to the sidelines ahead of a policy review by the Federal Reserve...
This Monday bitcoin fell further below the $600-level, as a wave of technical selling kicked in after prices fell below key support levels. According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency dropped 1.76% to trade at $580...
On Monday the Japanese yen gained in early Asian trade with the events in Eastern Europe and Middle East on investors minds and safe haven assets sought. USD/JPY traded at 101.79, down 0.04%, while AUD/USD held at 0.9399, up 0.04%, and the US dollar index fell 0.05% to 81.11...
AUDUSD Moves to Support at .9431 R3 Range Resistance Sits at .9476 Price Under S4 Signals a Breakout to New Lows The AUDUSD spent most of the overnight trading session reversing between key points of support and resistance...
Nxt is working towards becoming the next best cryptocurrency in the market. The next generation coin, which was already famous for its unique source code and dozen other built-in features, is further catching eyeballs with its increasing influence in mainstream market...
In his speech at The North American Conference in Chicago, Litecoin creator Charlie Lee confidently predicted the death of Dogecoin, citing its downgrading hashrate as one of the major factors in providing the event...
Risk-off is the dominating mode right now with the launching of Israeli ground offence in Gaza along with the MH-17 tragedy...
On Wednesday the dollar was broadly higher against its counterparts, since comments by Federal Reserve Chairwoman Janet Yellen continued to support the greenback and investors observed the release of U.S. data later in the day...
The forex market has seen some movement. Any decent change in currency prices provides investors opportunity; something that has been in short supply over the past month...
<span class="articleLocatio n">Prosecutors from the U.S. Department of Justice are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and senior traders, the Financial Times reported, citing sources...
Starting a career in foreign exchange currency trading, popularly known as forex, can be a daunting task. Learning the currency pairs, the best strategies for trade, and setting up a trading plan can all be quite difficult. I’ve put together some of the best tips to help you trade effectively...
The ambitious two-day Coin Congress is going to be held on 23rd and 24th July and expected to bring in some celebrated Bitcoin experts to talk on the issues related to the digital currency...
Mario Draghi’s newest stimulus tool will hand banks more than 700 billion euros ($950 billion) of cheap funding, economists say...
The Federal Reserve officials are currently debating whether to increase the interest rates earlier than planned due to the recent growth in the U.S. labor market...
On Monday the Japanese yen was slightly weaker, as the Bank of Japan kicked off its latest two-day monetary policy meeting with the board expected to stand pat...
In U.S. trading, USD/CAD was up 0.62% at 1.0716, up from a session low of 1.0631 and off a high of 1.0723. The pair was likely to find support at 1.0631, the session low, and resistance at 1.0752, the high from June 25...
The pair AUD/NZD has been under pressure for well over a month now and just on Thursday the cross touched its lowest level since late March. It would seem that the AUD/NZD downward trend is going on. However, the analysis of the cycles paints a different picture...
