Tuesday, June 30, 2015

Trading Video: Greece Panic Eases as IMF Payment in Arrears, Risk Still Stalking

Trading Video: Greece Panic Eases as IMF Payment in Arrears, Risk Still Stalking

Trading Video: Greece Panic Eases as IMF Payment in Arrears, Risk Still Stalking

Posted: 30 Jun 2015 06:24 PM PDT

The sheer panic surrounding Greece that drove the Euro on a massive bearish gap Monday morning has settled as the week progresses.

Would Central Banks Step in If Stocks Tumble, Could They Stop It?

Posted: 30 Jun 2015 02:32 PM PDT

A stumble in global equities is stirring concerns over the stability of 'risk trends'. And, we should evaluate how strong the safety net is.

Greece Third Bailout Proposal Rejected, IMF Default Approaches

Posted: 30 Jun 2015 01:40 PM PDT

Greece and its creditors held a conference call with an objective to extend support. With the Eurogroup’s rejection, another meeting scheduled for Wednesday.

CADJPY Short Scalps Favored Sub-99.00 on Failed Gap Fill

Posted: 30 Jun 2015 01:22 PM PDT

CADJPY is trading within a well-defined technical formation with the decline now testing interim support. Here are the updated targets & invalidation levels that matter.

DailyFX Technical Focus: 6/30/2015

Posted: 30 Jun 2015 01:12 PM PDT

Monday’s AUDUSD reversal warns of a false breakdown. The rate is at resistance now so we should a better idea of direction over the next few days.

USDOLLAR Declines Sharply from 61.8% Retracement of June Decline

Posted: 30 Jun 2015 12:42 PM PDT

Crude Rips from Lower Parallel Support Line

Posted: 30 Jun 2015 12:42 PM PDT

Gold Pattern Resolution Needed to Signal Breakdown

Posted: 30 Jun 2015 12:42 PM PDT

USD/CHF Holds Key .9250 Level

Posted: 30 Jun 2015 12:42 PM PDT

USD/CAD Ends June Near Several Trendlines

Posted: 30 Jun 2015 12:42 PM PDT

USD/JPY Flirts With Broader Breakdown

Posted: 30 Jun 2015 12:42 PM PDT

NZD/USD at a Familiar Downtrend Line

Posted: 30 Jun 2015 12:42 PM PDT

AUD/USD Tight Range for June; Finishes Month at Resistance

Posted: 30 Jun 2015 12:42 PM PDT

GBP/USD Consolidates at Support

Posted: 30 Jun 2015 12:42 PM PDT

EUR/USD Slammed and Jammed to Complete Range Month

Posted: 30 Jun 2015 12:42 PM PDT

COT-Yen Speculators Manic Selling Turns to Manic Buying

Posted: 30 Jun 2015 11:32 AM PDT

Several weeks after piling on Yen short positions (USDJPY long) at a rate seen only 3 times in history (2 of the instances…February 2007 and March 2012, led to multi-month reversals), the same group of traders were forced to buy back Yen at the fastest rate since March 2014.

AUD/USD Continues to Hold Key Support Despite RBA Verbal Intervention

Posted: 30 Jun 2015 09:30 AM PDT

Despite the ongoing verbal intervention by the RBA AUD/USD may work its way towards the top of its recent range as it comes off of key support.

US Dollar May Break to Further Lows if it Fails at Key Support

Posted: 30 Jun 2015 09:10 AM PDT

The US Dollar has come dangerously close to failing at key support versus the Euro, Sterling, and Japanese Yen. Here are the levels we’re watching.

What are the Critical Dates for Greece and the Euro?

Posted: 30 Jun 2015 07:30 AM PDT

Greek debt negotiations went from bad to worse and critical dates ahead point to major volatility. Here’s what we’re watching.

NZDUSD Trades to 2015 Lows

Posted: 30 Jun 2015 06:28 AM PDT

The NZDUSD has declined to a new 2015 low on worse than expected Business Confidence data. Learn today's tradig values with the Chart of the Day!

Price & Time: Game (Theory) Day for Equities

Posted: 30 Jun 2015 05:30 AM PDT

Important test for S&P 500?

Recent USDOLLAR Uptrend Under Pressure as World Waits on Greece

Posted: 30 Jun 2015 04:50 AM PDT

The EURUSD rally and USDJPY breakdown has put the USDOLLAR Index back at recent trend support.

Pound Sold vs Yen on Trend Line Break

Posted: 30 Jun 2015 01:45 AM PDT

Crude Oil Breaks 5-Month Uptrend, SPX 500 Drops Most in Over a Year

Posted: 30 Jun 2015 01:00 AM PDT

Crude oil appears to be resuming last year’s down trend after breaking five-month support while the SPX 500 has dropped the most in over a year.

Pound May Fall on UK GDP, Euro Engulfed in Greece Crisis Fallout

Posted: 30 Jun 2015 12:25 AM PDT

The British Pound may decline on a revised set of first-quarter UK GDP figure. The Euro remains focused on news-flow emanating out of Greece.
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First RMB Denominated ETF Lists in Paris Alongside MoU

First RMB Denominated ETF Lists in Paris Alongside MoU

First RMB Denominated ETF Lists in Paris Alongside MoU

Posted: 30 Jun 2015 06:13 PM PDT

Relations between China and Europe have just got closer in the realm of finance.

Keep on reading: First RMB Denominated ETF Lists in Paris Alongside MoU

With Banks Closed, Greeks Reportedly Flocking to Bitcoin Exchanges

Posted: 30 Jun 2015 04:45 PM PDT

Banks are closed, payments are blocked and Greece's economy is on the verge of collapse. The perfect chance for decentralized currency.

Keep on reading: With Banks Closed, Greeks Reportedly Flocking to Bitcoin Exchanges

Israeli Regulators Demand Clarifications from Foreign Technology Providers

Posted: 30 Jun 2015 12:20 PM PDT

The new law also ignores the status of foreign licenses, allowing unregulated brokers abroad to transition into a regulated Israeli firm.

Keep on reading: Israeli Regulators Demand Clarifications from Foreign Technology Providers

Q&A with FMA’s CEO, Rob Everett: Questions Welcome

Posted: 30 Jun 2015 10:24 AM PDT

Finance Magnates opens the floor for questions from its readership ahead of an interview with the FMA's CEO, Rob Everett later this evening.

Keep on reading: Q&A with FMA's CEO, Rob Everett: Questions Welcome

Cantor Fitzgerald Secures Services of Philip Dixon as Its COO

Posted: 30 Jun 2015 07:54 AM PDT

Mr. Dixon joins Cantor from Hume Capital Services, having served as its main board director, COO and Compliance Officer.

Keep on reading: Cantor Fitzgerald Secures Services of Philip Dixon as Its COO

Default Watch: Greece On the Clock

Posted: 30 Jun 2015 06:59 AM PDT

Despite months of negotiations, the day has finally arrived where default transcends possibility and becomes reality.

Keep on reading: Default Watch: Greece On the Clock

New Jersey Fines, Bans "Prized" Mining Malware App

Posted: 30 Jun 2015 05:45 AM PDT

The New Jersey Division of Consumer Affairs is celebrating another victory in its war against cryptocurrency malware.

Keep on reading: New Jersey Fines, Bans "Prized" Mining Malware App

HotForex Sponsors Tio Ellinas, Formula Renault World Racer

Posted: 30 Jun 2015 05:35 AM PDT

The young racing car driver was voted 'Man of the Year' and 'Athlete of the Year' of 2013 by Man Magazine in his native country of Cyprus.

Keep on reading: HotForex Sponsors Tio Ellinas, Formula Renault World Racer

Leverate Promotes Sami Mana to Chief of Staff

Posted: 30 Jun 2015 05:20 AM PDT

Mr. Mana has been promoted to Chief of Staff, where he will help steer the technology provider's strategy and policy implementation.

Keep on reading: Leverate Promotes Sami Mana to Chief of Staff

FXTM Adds Jameel Ahmad as Vice President of Corporate Development

Posted: 30 Jun 2015 04:54 AM PDT

Mr. Ahmad has been promoted to the new role of VP having joined FXTM as its Chief Market Analyst just one year ago.

Keep on reading: FXTM Adds Jameel Ahmad as Vice President of Corporate Development

Litecoin Price Soars Another 50% to 10-Month High

Posted: 30 Jun 2015 04:03 AM PDT

Litecoin (LTC/USD) soared to its highest levels since late September. It gained as much as 50% to $4.67 on BTC-e during the past 24 hours.

Keep on reading: Litecoin Price Soars Another 50% to 10-Month High

Millennium Capital Exchange CEO Charged with Running Ponzi Scheme

Posted: 29 Jun 2015 05:47 PM PDT

Both US and UK regulators have vowed to hold individuals accountable for financial crime.

Keep on reading: Millennium Capital Exchange CEO Charged with Running Ponzi Scheme

Deutsche Bank Goes Live With KYC Service

Posted: 29 Jun 2015 02:55 PM PDT

The bank's Global Transaction Banking division now utilizes SWIFT's KYC Registry as part of its due diligence procedures.

Keep on reading: Deutsche Bank Goes Live With KYC Service

Nasdaq Implements Index Calculation System for Exchanges and Marketplaces

Posted: 29 Jun 2015 11:27 AM PDT

Nasdaq's newly launched system will also administer functionality to in-house calculations across a number of asset classes.

Keep on reading: Nasdaq Implements Index Calculation System for Exchanges and Marketplaces

Kraken Launches in Canada with Help from Vogogo

Posted: 29 Jun 2015 10:13 AM PDT

Cryptocurrency exchange Kraken is expanding to Canada, thanks in large part to a partnership with crypto-focused payments processor Vogogo.

Keep on reading: Kraken Launches in Canada with Help from Vogogo

BTIG Partners with BNY Mellon’s Pershing to Expand Custodian Solutions

Posted: 29 Jun 2015 09:28 AM PDT

BTIG announced today that they have added Pershing as a new custodian and clearing provider for customers of BTIG's prime brokerage.

Keep on reading: BTIG Partners with BNY Mellon's Pershing to Expand Custodian Solutions

Rate Cut Fails to Arrest Chinese Stock Market Bear

Posted: 29 Jun 2015 07:26 AM PDT

While most of the attention is focused on Europe and Greece, the Chinese stock market has entered a bear market having dropped 22 percent

Keep on reading: Rate Cut Fails to Arrest Chinese Stock Market Bear

The Day after "Game-Over" for Greece

Posted: 29 Jun 2015 06:30 AM PDT

The probability of Greece remaining in the Euro or even the EU after this Sunday's referendum is low, while Europe's reputational risk is rising.

Keep on reading: The Day after "Game-Over" for Greece

Ailing Royal Bank of Scotland Considering Cryptocurrency in Tech Revamp

Posted: 28 Jun 2015 11:19 AM PDT

Royal Bank of Scotland (RBS) has made some warm overtures toward cryptocurrency as part of a renewed focus on innovation.

Keep on reading: Ailing Royal Bank of Scotland Considering Cryptocurrency in Tech Revamp

What Will Drive the Forex Market This Summer? #Askfinmag

Posted: 27 Jun 2015 04:00 AM PDT

Our readers wanted to know more about key movers of the currency market this summer and market maker behavior on Mondays

Keep on reading: What Will Drive the Forex Market This Summer? #Askfinmag

TradAir Launches Live Surveillance and Regulatory Compliance Tool

Posted: 26 Jun 2015 03:40 PM PDT

The company's solution could revolutionize compliance departments at a time when increased scrutiny over the FX industry is likely

Keep on reading: TradAir Launches Live Surveillance and Regulatory Compliance Tool

Forex Broker Regulation Law in Russia in Dire Straits

Posted: 26 Jun 2015 02:41 PM PDT

Representatives of the central bank, brokers and self-regulatory organizations have shared that the industry is not prepared for regulation

Keep on reading: Forex Broker Regulation Law in Russia in Dire Straits

NFA Proposes Amendments to Board Count Reducing FX Dealers Quota

Posted: 26 Jun 2015 01:42 PM PDT

The Retail Foreign Exchange Dealers and Swap Dealers will get reduced representation with five seats, down from the current seven

Keep on reading: NFA Proposes Amendments to Board Count Reducing FX Dealers Quota

Brokers Are Bracing for Grexit Spikes, Warning Traders

Posted: 26 Jun 2015 09:37 AM PDT

Providing an inside look at the many risk management discussions going on around the world right now, the CEO of FxPro shared his thoughts

Keep on reading: Brokers Are Bracing for Grexit Spikes, Warning Traders

FXCM Increases Margin Requirements on EUR/USD

Posted: 26 Jun 2015 03:08 AM PDT

Recent price changes, plus the danger of extreme volatility in Europe with the approaching deadline for Greece push brokers to mitigate risks

Keep on reading: FXCM Increases Margin Requirements on EUR/USD

Barclays Sees Euro Falling Below US Dollar Parity in 2016

Posted: 25 Jun 2015 04:52 PM PDT

The British bank has issued its quarterly outlook for foreign exchange rates maintaining a bullish USD stance despite expected Greek resolution

Keep on reading: Barclays Sees Euro Falling Below US Dollar Parity in 2016
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Monday, June 29, 2015

EUR/GBP Technical Analysis: In Familiar Turf Despite Gap

EUR/GBP Technical Analysis: In Familiar Turf Despite Gap

EUR/GBP Technical Analysis: In Familiar Turf Despite Gap

Posted: 29 Jun 2015 06:50 PM PDT

USD/CAD Technical Analysis: Aiming Above 1.24 Figure

Posted: 29 Jun 2015 06:50 PM PDT

NZD/USD Technical Analysis: Passing on Long Trade Setup

Posted: 29 Jun 2015 06:36 PM PDT

AUD/USD Technical Analysis: Support Below 0.76 in Focus

Posted: 29 Jun 2015 06:36 PM PDT

GBP/JPY Technical Analysis: Short Position Now in Play

Posted: 29 Jun 2015 05:55 PM PDT

EUR/JPY Technical Analysis: Rebound Follows Down Gap

Posted: 29 Jun 2015 05:55 PM PDT

Euro Posts Severe Gap, Risk Sensitive Markets Tumble to Start Week

Posted: 29 Jun 2015 05:54 PM PDT

Greece was a catalyst for both the Euro and risk trends to start the new trading week.

Greece Will Default on IMF Loan; Referendum Holds Fate on Eurozone Exit

Posted: 29 Jun 2015 02:10 PM PDT

After a failed Eurozone summit on Saturday, Greece is set to default on the IMF payment. Here is what’s happening.

Trading Leverage – A Real Look at how Traders May Use it Effectively

Posted: 29 Jun 2015 02:00 PM PDT

We studied 13 million real trades conducted by users of FXCM’s trading platforms to look for important insights into the use of leverage.

Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

Posted: 29 Jun 2015 10:52 AM PDT

Markets are fixated on Greece with a gap lower in the euro charging a sharp reversal to open the week. Here are the updated targets & invalidation levels that matter.

EUR/USD Holds June Low, Fills Weekly Opening Gap Despite Greek Threat

Posted: 29 Jun 2015 09:15 AM PDT

Despite the growing threat for a Greek default/exit, EUR/USD may continue to consolidate ahead of June as European policy makers try to avert a crisis.

Watch Risks on these Key Currency Pairs Given Volatility Risk Ahead

Posted: 29 Jun 2015 08:30 AM PDT

The Euro looks almost certain to see significant volatility in the week ahead, and traders should keep an eye on these pairs given uncertainty surrounding Greece.

Price & Time: Pavlovian Weekend

Posted: 29 Jun 2015 05:30 AM PDT

USD/JPY tests May breakout point...

Charts to Start the Week as Euro Plays Victim to Greek Drama

Posted: 29 Jun 2015 03:55 AM PDT

There's a definitive timeline to the Greek crisis, with an ultimate resolution seemingly on the horizon - both good and bad for the Euro.
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ESMA Short-Selling Ban to Take Effect Midnight CET

ESMA Short-Selling Ban to Take Effect Midnight CET

ESMA Short-Selling Ban to Take Effect Midnight CET

Posted: 29 Jun 2015 06:08 PM PDT

As the threat of a Grexit becomes more real, the European financial watchdog has agreed to a short-selling ban, proposed by Greek HCMC.

Keep on reading: ESMA Short-Selling Ban to Take Effect Midnight CET

Four Ways to Verify That You Are Working with a Prime Of Prime

Posted: 29 Jun 2015 03:30 PM PDT

Following you will find reliable methods to verify that your interests are in the hands of a Prime of Prime brokerage

Keep on reading: Four Ways to Verify That You Are Working with a Prime Of Prime

Weekly Recap: Blockchain Party Getting Crowded, Bitcoin Prices Advance

Posted: 29 Jun 2015 12:47 PM PDT

Included were the consideration of blockchain technology and Ripple's protocol, and even a partnership for processing bitcoin as a currency.

Keep on reading: Weekly Recap: Blockchain Party Getting Crowded, Bitcoin Prices Advance

Fears over Greece Push Gold Price Upwards

Posted: 29 Jun 2015 09:59 AM PDT

CFTC data revealed that hedge funds and money managers were already bullish on gold last week

Keep on reading: Fears over Greece Push Gold Price Upwards

Barclays Launches bPay Wearable Payment Products (But Why?)

Posted: 29 Jun 2015 08:36 AM PDT

With Apple Pay arriving in the UK, Barclays is launching its own wearable payment system, the bPay band for contactless payments.

Keep on reading: Barclays Launches bPay Wearable Payment Products (But Why?)

Sucden Financial Secures the Services of Commodities Maven, Michael Donovan

Posted: 29 Jun 2015 07:33 AM PDT

Mr. Donovan joins Sucden Financial from Jefferies Bache, having served in a variety of senior level roles with a penchant for cocoa markets.

Keep on reading: Sucden Financial Secures the Services of Commodities Maven, Michael Donovan

SEC Allows Tweeting and Social Media for Fundraising

Posted: 29 Jun 2015 06:50 AM PDT

Private companies raising up to $50M got the green light from the SEC to use social media to promote their fundraising to investors

Keep on reading: SEC Allows Tweeting and Social Media for Fundraising

Deutsche Bank Loses its M&A Head, Henrik Aslaksen

Posted: 29 Jun 2015 06:42 AM PDT

Deutsche Bank has a key void to fill in its global M&A operations, after Henrik Aslaksen suddenly resigned as its Global Head.

Keep on reading: Deutsche Bank Loses its M&A Head, Henrik Aslaksen

Referendology 101: Weighing the Referendum in Greece

Posted: 29 Jun 2015 06:06 AM PDT

Greece is facing a pivotal July 5 referendum that may ultimately decide its future in the European Union.

Keep on reading: Referendology 101: Weighing the Referendum in Greece

Should I Stay Away from the Markets until the Greece Stuff Is Over?

Posted: 29 Jun 2015 04:12 AM PDT

Maybe you could scale back your trading of the euro currency pairs. That's not a bad idea, but Greece is important.

Keep on reading: Should I Stay Away from the Markets until the Greece Stuff Is Over?

Weighing CTAs: A Hedge Fund Additive or Essential Component?

Posted: 29 Jun 2015 04:05 AM PDT

A large percentage of investors view CTA's strategy as smoke and mirrors using black box models they cannot understand or properly evaluate.

Keep on reading: Weighing CTAs: A Hedge Fund Additive or Essential Component?

Bitcoin Price Bounces Back, Litecoin Facing Resistance

Posted: 28 Jun 2015 06:13 AM PDT

Bitcoin (BTC/USD) bounced back to above $250 this weekend, recouping almost all of last week's losses.

Keep on reading: Bitcoin Price Bounces Back, Litecoin Facing Resistance

BitGold Enables Gold Buying for US Residents, Shares Rise 16%

Posted: 28 Jun 2015 04:15 AM PDT

BitGold has made its gold brokerage service available to US residents, allowing them to buy, sell or redeem it on its online platform.

Keep on reading: BitGold Enables Gold Buying for US Residents, Shares Rise 16%

Product Review: Pre-Trade Risk Management with Fluent Prime

Posted: 26 Jun 2015 03:35 PM PDT

Managing risk in a post-SNB world can only be attained by a radically different approach to controlling credit exposure of prime brokers to LPs

Keep on reading: Product Review: Pre-Trade Risk Management with Fluent Prime

Greek Government Receives Last €16 Billion Band-Aid Offer

Posted: 26 Jun 2015 03:17 PM PDT

In a last-ditch effort to postpone the inevitable, Eurozone officials have presented a five-month bailout extension plan to Tsipras

Keep on reading: Greek Government Receives Last €16 Billion Band-Aid Offer

Digital Asset Holdings 'Acquihires' Two Blockchain Startups

Posted: 26 Jun 2015 08:00 AM PDT

Digital Asset Holdings (DAH) has 'acquihired' two blockchain startups to expand its portfolio of supported ledger technologies.

Keep on reading: Digital Asset Holdings 'Acquihires' Two Blockchain Startups

The Debt-Ridden Road to the Grexit Showdown

Posted: 26 Jun 2015 06:26 AM PDT

The ball is in Greece's court to provide a proposal that satisfies its creditors and allows the Syriza government further access to loans.

Keep on reading: The Debt-Ridden Road to the Grexit Showdown

Liquidnet Launches New Proprietary Algorithm, Dark IEX

Posted: 26 Jun 2015 06:25 AM PDT

Liquidnet Dark IEX is a proprietary algorithm, designed to grant wider access to buy-side clients aiming to utilize block liquidity

Keep on reading: Liquidnet Launches New Proprietary Algorithm, Dark IEX

eToro Aims to Reduce Risks for Copy Trading Followers

Posted: 25 Jun 2015 03:15 PM PDT

The company has announced upcoming changes to its social trading experience, aiming to discourage risky trading strategies

Keep on reading: eToro Aims to Reduce Risks for Copy Trading Followers

Breaking: Alpari Could Change Trading Conditions for Euro Pairs

Posted: 25 Jun 2015 01:44 PM PDT

BitFury Brings Former CFTC, NYMEX Exec to Advisory Board

Posted: 25 Jun 2015 01:00 PM PDT

With the appointments, BitFury CEO Valery Vavilov also announced the company's opening of a representative office in Washington, D.C.

Keep on reading: BitFury Brings Former CFTC, NYMEX Exec to Advisory Board

Dukascopy Announces Exit from Japanese Market With a Client Note

Posted: 25 Jun 2015 12:44 PM PDT

After no official announcement about entering the Japanese market has been made the Swiss brokerage terminates its operations in the country.

Keep on reading: Dukascopy Announces Exit from Japanese Market With a Client Note

ShapeShift Surpasses $1.785m Crowdfunding Goal on BnkToTheFuture

Posted: 25 Jun 2015 11:57 AM PDT

Altcoin brokerage ShapeShift.io has surpassed its $1.785 million crowdfunding goal on BnkToTheFuture with 14 days left in its campaign.

Keep on reading: ShapeShift Surpasses $1.785m Crowdfunding Goal on BnkToTheFuture

Inovance Technologies Creates TA-Lib Indicator Library for MetaTrader 4

Posted: 25 Jun 2015 09:07 AM PDT

Aiming to provide enhanced technical indicators for MT4 users, Inovance has created a MQL version of indicators from the TA-Lib library.

Keep on reading: Inovance Technologies Creates TA-Lib Indicator Library for MetaTrader 4

Admiral Markets Adds Trading Calculators to Its MT4 Supreme

Posted: 25 Jun 2015 07:56 AM PDT

The two new apps are based on FX Blue Labs technology and are meant to help traders with margin requirements and risk management

Keep on reading: Admiral Markets Adds Trading Calculators to Its MT4 Supreme

Swissquote Launches Apple Watch App as They Embrace Wearables

Posted: 25 Jun 2015 05:19 AM PDT

Swissquote launches Apple Watch trading app as they expand their mobile offering from smartphones and tablets to include watches.

Keep on reading: Swissquote Launches Apple Watch App as They Embrace Wearables
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