An increasing number of customers and retailers have been using bitcoin in their transactions
Bitcoin, a several-year-old digital currency, is soaring in popularity as it offers convenience for users and lower transaction fees for online retailers. Bitcoin is already showing some strength with US online More...
Technical signals pile up in favor of a USD/CHF correction
RSI divergence from trend combined with a bearish engulfing pattern suggest that, although the rally in USD/CHF has still more way to go on the upside, the pair is currently ripe for a correction. Recent broad More...
The EUR/USD enters a correction territory as profit taking kicks in
The euro recovered slightly from almost one-year low against the US dollar recorded in early Asian trade as the pair reached a large option barrier at the 1.3150 support; the common currency gains are seen as short-term More...
The euro slumped to one-year low on ECB additional liquidity measures expectations
The euro slides further south on bets the European Central Bank is about to take further steps to support the euro zone economy. Last week the ECB Governor, Mario Draghi, stated the central bank was ready to take More...
The EUR/USD triangle: watch out for the direction of the breakout!
The range in the EUR/USD is getting tighter, as market players await an upside or downside breach to determine the pair’s short-term direction. Triangles are generally considered to work much better in longer More...
EUR/USD inches higher in a short squeeze, as Russia and Iraq geopolitical conflicts come into focus
The euro regained some of the lost ground on Friday, but the unfavorable geopolitical situation, the mounting sanctions and the prospect of rising oil prices are sure to cut its gains soon. The euro made a recovery More...
Two concepts you must know: Rollover and Carry trade
In forex trading positions are often kept open for more than a day. That is why it is useful to discuss the concept of rollover. The latter is the interest accrued or charged at midnight for keeping the position More...
US nonfarm payrolls report gives strength to the USD
The diverging monetary paths of the Fed and the ECB will probably send the EUR/USD to 1.30 by year end. Although dramatic movements were not present, today was an interesting day on the Forex markets. The much More...
