Currency

Peer-to-peer (P2P) networking is based on the principle of all participants being equal and it is on the basis of their digital crypto exchange, that Bitcoin in South Korea has soared to such great heights. These new levels were revealed on the charts of Coin Dance, a similar platform that provides statistics on Bitcoin and […]

Trading on high leverage is a double-edged sword – you can get huge profits or deplete your trading account. Leverage refers to the ability to open a large position with little of your own money. It’s expressed in ratios such as 50:1, 100:1, and 200:1 depending on the Forex broker. For example, you can control […]

Yesterday we highlighted that EUR/JPY bears could look to break beneath 122 and, earlier today, they did just that. Risk-off has swept its way through the Asia session although was initially contained to equity markets, where investors sold stocks in exchange for bonds to push yields lower. However, NZD/JPY has since broken lower and AUD/JPY […]

In order to become successful as a forex trader, one needs to spend a lot of time assessing and evaluating market fluctuations. Also, you must watch for latest forex news and statistics. This way, you can keep yourself updated with the recent market trends and get the most out of the forex world. Luckily, there […]

As far as currency moves are concerned, the European elections were almost a non-event as no gaps across Euro pairs were seen on Monday. And, with the US and UK on holiday and a general lack of economic data on tap, it’s been a quiet start to the week. And with volumes set to return, […]

With a quiet economic calendar, headlines surrounding Brexit and the ‘hunt for Britian’s next PM’ remain potential drivers for the British pound this week. The European elections didn’t make for the most exciting FX open we’ve seen of late, although equities across the region breathed a slight sigh of relief that populism hadn’t taken over. […]

Ripple (XRP) Price Analysis – May 25   In the past few days of trading, XRP/BTC market has remained to trade in a downward wave as the XRP/USD market follows a side-way movement. Meanwhile, the third largest cryptocurrency has a market cap valuation of $16.23 billion with a trading volume of $1.4 billion, as price […]

Risk-off may have taken a breather, but that doesn’t necessarily mean its over. And, looking at the price action on USD/JPY and USD/CHF, perhaps it’s time for another bout of risk-off. The Japanese yen began to see inflows today when Japan’s PMI contracted after a 1-month hiatus ‘expanding’. Yet reports that Panasonic had halted component […]

Recently, Binance announced on its Twitter page with a post that showed 2.0 graphic. There were no words with the post, just an image that was accompanied by a section of the logo of Binance. Now the question that many are asking is that precisely what does the graphics mean if it has any meaning […]

NZD/JPY has had a rough couple of months, shedding nearly -7% from its March high. Now within a consolidation phase, we’re on the lookout for a breakout, one way or another. We can see on the daily chart the trend is clearly bearish with its strong momentum, lower lows and shallow pullbacks. Yet given the […]