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.

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
EUR/USD
Bullish
Oil - US Crude
Mixed
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
Wall Street
Bullish
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
Gold
Mixed
GBP/USD
Bullish
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
USD/JPY
Mixed
More View more
Real Time News
  • $USDCAD sold off aggressively last week, putting it into position to test the important 2017 low; trading bias is neutral to bearish. Get your market update from @PaulRobinsonFX here: https://t.co/sphxUAW9TB https://t.co/ZhsTeJOOM8
  • 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/qP96xmgDVn
  • The pro-risk Australian Dollar may extend gains after the record miss in US jobs data, amplifying dovish rhetoric from the Federal Reserve and keeping the Dow Jones and S&P 500 intact. Get your market update from @ddubrovskyFX here: https://t.co/yf8mPX3O3W https://t.co/uCCmjaxUhF
  • Who else is keeping close tabs on Dogecoin $DOGE this weekend? All eyes on Elon Musk @elonmusk, the proverbial 'Dogefather,' and his Saturday Night Live @nbcsnl performance kicking off at 11:30PM ET. The #crypto is already looking nice and perky following that trendline break! https://t.co/nrQsnlUqWj https://t.co/4lOz6NLQTG
  • There is some very interesting event risk over the opening half of this coming week of trade. It starts with Elon Musk hosting SNL tonight for Dogecoin traders and moves into US inflation data to as means to stir the ongoing Fed debate and Dollar https://www.dailyfx.com/forex/video/daily_news_report/2021/05/08/Dollar-Tumbles-Dow-Hits-Record-Highs-and-Dogecoin-Traders-Tune-In.html https://t.co/LXhjv7ToWC
  • It was a big week for Gold bulls and Gold prices broke out to fresh two-month-highs, finally taking-out the 1800 level along the way. Get your market update from @JStanleyFX here: https://t.co/D222Ni37Dv https://t.co/KcMYyx3Ro4
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/PjywaPeUsl
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/AjOSPzOFLb
  • What are some trading takeaways from 2020, as we jump into the new year? Find out with your free guide here: https://t.co/e7udCTJlmf #DailyfxGuides https://t.co/eqklbOEJMa
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/p9Pkkbo2zf
Bitcoin Gears Up for Another All-Time High

Bitcoin Gears Up for Another All-Time High

Nick Cawley, Strategist

Talking Points

- Bitcoin recovers losses and looks at a new all-time high.

- Bitcoin Gold fork expected next week bringing a new, free, coin for BTC holders.

- Ripple exchange head arrested in Japan; price dumps 7%.

The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe.

Bitcoin (BTC): Bullish Momentum Suggests Further Highs on The Horizon

Bitcoin has shrugged off the latest round of profit-taking and continues to push back higher with all eyes set on a fresh attempt at $6,000. BTC traded as low as $5,125 on Wednesday afternoon before enjoying an uninterrupted run back to a current level of $5,695. Tuesday’s high trade around $5,775 is the next upside target ahead on Monday’s high print around $5,810. Recent momentum may be the result of the upcoming Bitcoin Gold hard-fork which should see a new token created. The last Bitcoin hard-fork produced a new, free, token called Bitcoin Cash for holders of the original coin. Bitcoin Cash traded above $900 a coin in the first couple of days before moving lower to its current level of $334. The fork is expected on October 25, although the value of the new coin may differ wildly from Bitcoin Cash depending on the communities support for the new crypto-currency.

We have been discussing the upcoming Bitcoin Gold hard-fork and its price-moving potential, over the last couple of weeks at our Weekly Bitcoin webinar on Wednesday’s at 12:00pm - if you would like to join us, please click here.

Chart: Bitcoin (BTC) Daily Timeframe (April – October 19, 2017)

Bitcoin Gears Up for Another All-Time High

Ripple (XRP) Continues to Fall After Exchange Bust

Ripple (XRP), currently the third-largest crypto-currency by market capitalization, continues to attract sellers in the wake of news that Tokyo police arrested the head of a Ripple exchange and trading platform for allegedly swindling $12,500 from an investor. The police are also investing other fraud claims against the manager of Ripple Trade Japan.

Ripple investors were also disappointed this that the company’s ‘Swell’ conference did not produce the positive headlines the market had been expecting.

Chart: Ripple (XRP) Price Daily Timeframe (April – October 19, 2017)

Bitcoin Gears Up for Another All-Time High

Market Moves/Top 8 Capitalizations – October 19, 2017

Bitcoin Gears Up for Another All-Time High

If you are interested in trading digital pairs and would like to practice trading either BTC or ETH, you can create a Quick and Free Demo Account Here

--- Written by Nick Cawley, Analyst.

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

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

DISCLOSURES