iPhone 6 Plus marks Apple’s initial foray into phablet market

Last week Apple announced two updates to its iPhone range along with a smartwatch and a new mobile payments system. The new iterations to its phone lineup, dubbed the iPhone 6 and iPhone 6 Plus, were particularly intriguing. Sales of the latter will be closely watched as it marks Apple’s initial f

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USD/JPY Soars to Highest Levels Since 2008

USD/JPY continued it’s sharp ascent in Friday trading, reaching the highest levels seen since September of 2008. The greenback has been boosted by sentiment that a US rate hike may come sooner than previously expected. A report released on Monday by the San Francisco Federal Reserve showed tha

NYMEX Crude Oil Futures Fall through Support to 17 Month Lows

NYMEX crude oil futures fell to the lowest levels since late April of 2013 in Thursday trading. The decline was spurred by news released this week that the U.S. Energy Information Administration (EIA) and the Organization of the Petroleum Exporting Countries (OPEC) cut expectations for 2015 global d

AUD/USD Falls Below 200-Period Moving Average Amid Weak Consumer Sentiment

AUD/USD slipped beneath the ‘line in the sand’ 200-period simple moving average in early trading on Wednesday after a weak consumer sentiment reading late Tuesday showed rising concern over Australia’s economic outlook. Westpac Banking Corporation reported that consumer sentiment i

Is the relationship between forex movement and current affairs overstated?

By Patrick Foot, financial markets writer and IG: Currencies are typically affected by a huge range of factors, and each individual investor has their own set of sources on which to base trades. Some rely heavily on analysis and sentiment from those in the know, some will

GBP/USD Gaps Lower on Monday After Scottish Separatists Lead in Poll

GBP/USD gapped lower and fell to 10-month lows during the Asian trading session on Monday, after an opinion poll showed supporters of Scottish independence taking a lead. The poll, released late Saturday by YouGov Plc, showed the Scottish independence campaign gained a majority for the first time si

EUR/USD Sinks Below 1.30 After ECB Surpise Rate Cut

The Euro fell to it’s lowest levels against the US Dollar since July of 2013, after news that the ECB cut its benchmark interest rate to 0.05% and introduced new stimulus measures. The pair dipped below the key psychological level of 1.30 briefly during the New York trading session. ADP Non-F

Shooting Star Pattern in USD/CHF

A bearish shooting star pattern formed on Tuesday’s daily USD/CHF chart, at the top of a steady uptrend. The US Dollar Index is trading lower on Wednesday after reaching fresh highs on the heels of positive manufaturing data released on Tuesday. Investors are waiting for the release of tier 1

Gold Slammed Lower Amid Strength in the Greenback

COMEX gold futures traded sharply lower in Tuesday trading, falling to the lowest levels since June 17th. Gold futures fell as low as $1262 an ounce, a drop of over $25 from the high of the day. Geopolital tension over the crisis in Ukraine has supported gold as a safe haven, but continued strength

USD/JPY Spikes to 8-Month High

The US Dollar rallied to it’s highest levels since the beginning of January against the Japanese Yen in early Tuesday trading. The diverging policies of the Federal Reserve and the Bank of Japan helped to boost the greenback, which has also risen to it’s highest levels in a year against