FNG Exclusive… FNG has learned that two former senior managers who ran the eFX business for market maker Citadel Securities are now preparing to launch a new online brokerage called Epic Markets. Epic Markets is being set up by New York based executives Kevin Kimmel and Bryan Seegers. Epic plans to launch with a presence…
The New Zealand dollar is noisy again on Monday, as we continue to see this area offer resistance. NZD/USD The New Zealand dollar is somewhat noisy but positive during the trading session here so far on Monday. But you can see we continue to see a lot of noise right around that 0.5850 level. The…
I like this pair to a point, but I also recognize that it is a slow-moving market quite often. A gradual climb is what I am looking for here. > USD/SGD It’s been very choppy during trading here on Monday in the US dollar Singapore dollar currency pair, which probably isn’t a huge surprise because,…
The Aussie Dollar (AUD/USD) has broken out from a descending broadening formation as traders weigh worries that the Middle East conflict could spread further across the region against the potential stabilizing impact of a proposed 10-day ceasefire. The AUD/USD currency pair pushed higher from this respected technical pattern on Monday, extending last week’s solid gains,…
Key Highlights AUD/USD started a steady increase above 0.6950 and 0.6975. A key bullish trend line is forming with support at 0.6950 on the 4-hour chart. Gold prices declined and might dip below $3,950. USD/JPY could gain bullish momentum if it settles above 162.70. AUD/USD Technical Analysis The Aussie Dollar started a fresh increase from…
The dollar index DXY is up by +0.17% today. The dollar is moving higher today as escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. The dollar also received some safe-haven support…
Arslan Ali Butt Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto) Arslan Ali Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes…
The British pound is still holding up quite well against the US Dollar but zooming out to a long-term daily or weekly chart shows that the price is consolidating more than it is trending despite the weakly bullish feel. The weaker US Dollar is significant, because last week the USA released weaker-than-expected US inflationary indicators…
Potential signal: I am a buyer here. However, I have a stop at the bottom of the day, and am aiming for a move to 30,100. The Nasdaq 100 continues to be very noisy on Friday, as traders are looking ahead to the weekend and all of the potential market-moving headlines that could come out….
The USD/MXN continues to correlate to the broad Forex market as the Mexican Peso traverses a known price realm, but one filled with angst which has dominated the past few months of results. The USD/MXN does remain in the lower long-term realms of its value but has shown a tendency in the mid-term to be…