NZDUSD has consistently traded lower in recent weeks and now trades below resistance from the trendline originating on December 4th. The head and shoulders pattern sent the pair lower and after a strong Friday performance, the Kiwi looks poised to test the trendline next week. A failed test would serve as strong confirmation for a sustained move lower and continuation of the recent trend. Another price point to watch in the week ahead includes ...
Institutions are known as smart money, but they often get caught crowded into popular trades that are quick to reverse. One of those is the play of selling the US Dollar. Per Bank of America Merrill Lynch, the short US Dollar trade is the second most crowded trade second to bullish US equities and the most crowded FX trade. The short-term outlook has seen focus turned to the concerns of the US fiscal expansion late into an economic cycle ...
Chinese Virtual Coin Firms to Circumvent PBOC Onslaught by Going Offshore By Forexminute - Deepak Tiwari | Bitcoin | May 12, 2014 10:19PM BST Chinese bitcoin companies are planning on sidestepping the government crackdown on the virtual currency. The currently biggest exchange in China, Huobi, is thinking about moving operations international to protect ...
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