News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/lccPTTlvj0
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here: https://t.co/WIKdSesfkJ https://t.co/Fx0qr32xgI
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/IRS9MaA7h8
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here: https://www.dailyfx.com/forex/fundamental/forecast/weekly/CHF/2021/09/18/Gold-Price-Outlook-Hinges-on-Fed-Rate-Decision-Forward-Guidance.html https://t.co/dWWxtErjK0
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/4qxwiJsV1K
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/stMPuq0VXR
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/v6RGICQvge
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/rws9LHJV3E
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2021/09/18/Japanese-Yen-Forecast-JPY-Crosses-Eye-BoJ-CPI-as-Haven-Flows-Bolster-Yen-Strength.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/FVisZuTP6M
Bitcoin Tumbles as PBOC Heightens Regulatory Concerns

Bitcoin Tumbles as PBOC Heightens Regulatory Concerns

Christian Lewis,

Talking Points:

  • Bitcoin fell more than 4% against the US Dollar on news of China meetings
  • Heightened concerns for crack-down of trading in digital currencies
  • Recent surge in Bitcoin trading in China concentrates its influence on market

See what live coverage is scheduled to cover key event risk for the FX and capital markets on theDailyFX Webinar Calendar.

Bitcoin fell more than 4 percent against the US Dollar after news that the People’s Bank of China (PBoC) would meet with representatives of several local bitcoin exchanges. The move heightens concerns that further tightening of regulations on the digital currency could severely curtail its use locally and liquidity globally. The closed-door meeting was to be held Wednesday afternoon with representatives from several of the county’s most prominent bitcoin exchanges, with money laundering appearing to be among the topics of interest.

After gaining 120 percent in 2016, bitcoin was crowned the top performing currency for the second year in a row. In opening days of 2017 the crypto currency enjoyed another drive of rapid gains with much of that climb being attributed to a surge in demand for the crypto currency in China. However, this swell interest also drew the attention of Chinese regulators who have attempted to balance growth and financial stability. Part of their push seems to center on ensuring its capital curbs are respected. Bitcoin could be construed as a threat to that control.

In 2013, digital currencies experienced an expected rise in use when foreign investors in Cyprus sought a means to bypass capital controls implemented by officials amid a financial crisis. Bitcoin and other cryptocurrencies represented a means to circumvent such capital controls. Black markets have arisen when such restrictions have arisen in the past, but the rise of these new and semi-legitimate instruments creates a greater opportunity for those looking to avoid the restrictions and risk among those that are attempting to enforce them. The regulatory environment for bitcoin and other digital currencies will likely remain center stage for near-term risk.

Bitcoin Tumbles as PBOC Heightens Regulatory ConcernsBitcoin Tumbles as PBOC Heightens Regulatory Concerns

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES