Gold and technical patterns go hand in hand in the market. Many believe that gold finds more power in movements from technical patterns than fundamentals and I'm generally inclined to agree with them on that, except when it comes to FOMC and Non-farm payroll days...
U.S. stocks wobble on Friday, after a five-day decline in the Standard & Poor’s 500 Index, as gains in energy shares counterbalance fallout from the Swiss currency shock and investors assessed the latest batch of economic and earnings reports...
On Friday, the US dollar rose against the Swiss franc, regaining ground after Thursday's three-and-a-half year lows, as markets digested the Swiss National Bank's unexpected monetary policy statement made that day...
The Currency Wars are still playing out Everyone knows that it’s illegal for the average ‘Joe Punter’ to partake in insider trading. Central banks have no such restrictions...
Netherlands Stockholder Association’s Director Paul Koster recently requested the central bankers to immediately ban the cryptocurrency Bitcoin. According to a report published on Dutch news service BNR, Koster deliberately chose the Bitcoin’s worst trading phase to throw tantrums over it...
Asian shares dropped with U.S. index futures as the surprising move from Switzerland abandoning the franc’s cap extended into a second day...
Unless you’ve been living under a rock, you’ve heard that the SNB made the shocking decision to drop its peg at 1...
Swiss franc surged to a record versus the euro as cash flooded into the nation after the Swiss National Bank removed a cap on the currency that had held back inflows for more than three years...
U.S. producer prices in December recorded their biggest drop in more than three years on plunging energy costs whilst underlying inflation pressures were muted, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy...
Fake Investment Company Steals 1,000 BTC from Customers Group of people complained about CryptoDouble, an investment company that disappeared with around 1,000 Bitcoin...
Oil prices steadied on Thursday, firming as the dollar weakened, though OPEC and Bank of America Merrill Lynch reduced forecasts of demand for its oil this year. Oil and other commodities are priced in dollars and are likely to gain when the U.S. currency declines...
A surprise interest-rate cut in India sent banks soaring and as Chinese equities surged. The Swiss central bank’s decision to remove a cap on the franc pummeled currencies in eastern Europe, as Bloomberg reports...
On Thursday the euro dropped to multi-year lows against the greenback and Swiss franc after the Swiss National Bank abandoned its exchange rate cap against the European currency and cut interest rates further into negative territory...
The British currency dropped lower against the U.S. dollar on Thursday, as the greenback regained some strength after weakening in the previous session due to downbeat U.S. retail sales data...
European stocks advanced on Thursday, influenced by expectations for additional easing measures by the European Central Bank which overshadowed the ongoing rout in oil prices. The EURO STOXX 50 rallied 1.05%, France’s CAC 40 climbed 1.04%, while Germany’s DAX 30 jumped 1...
On Thursday gold futures rose in Asian trade...
On Thursday Asian stocks mostly rose after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales...
The Australian dollar advanced on solid jobs data released Thursday that saw a surge in new employment and a downtick in the overall employment rate. Statistics Australia reported that 37,400 jobs were created in December, compared to 3,800 expected, while unemployment eased to 6...
Data showing a stronger-than-expected increase in financing last month triggered a jump in Chinese equities and prompted speculation that the sell-off in metals was excessive. Copper rebounded in base metals after slumping to the lowest in more than five years...
Cex.io Halts Cloud Mining Operations over Weak Bitcoin Value Bitcoin cloud mining service provider Cex.io is no longer providing its services, thanks to the constantly falling prices and increasing mining difficulty, which are impacting their and their customers’ revenues...
