New Zealand Dollar Supported By G20 Hopes

The New Zealand dollar entered an eighth consecutive day of gains against the U.S. dollar on Thursday, lifted by optimism ahead of the G20 summit set to commence on Friday. Earlier in the week the Kiwi got a boost after Stats NZ reported a wider-than-expected May trade surplus and the Reserve Bank of New Zealand … Read more

Gold Spikes to Fresh 5 Year Highs, Bitcoin Eyes 10K

Gold continued to rally on Friday, reaching its highest levels since September of 2013 before beating a retreat. The yellow metal powered higher after Wednesday’s FOMC meeting, where the US central bank left interest rates unchanged, but adopted a more dovish stance.

Capturing Trend Days

A trend day occurs when there is an expansion in the daily trading range and the open and close are near opposite extremes.

Chicago Trading Company names Dan Feuser as next CEO

Dan has been with CTC in a variety of roles in 20 years with the company. Most recently, Dan served as Chief Strategy Officer, where he led the firm’s efforts to evolve our core business and expand into new businesses.

Death Cross Forming in GBP/USD

Despite a modest bounce in price on Friday and Monday morning, a bearish ‘Death Cross’ pattern is forming on the GBP/USD daily chart.