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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
  • 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:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • 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:
  • 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:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
Bitcoin, Ethereum, Ripple Prices Crumble, Market Capitalization Slashed

Bitcoin, Ethereum, Ripple Prices Crumble, Market Capitalization Slashed

Nick Cawley, Strategist

Bitcoin News and Talking Points

- The cryptocurrency space is selling-off again after last week’s losses with the market a sea of red. Tether (USDT) stands out.

- News flow is limited but Indian banks target Bitcoin trade while EU watchdogs mull regulation.

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Record Double-Digit Losses

A Monday sell-off in the cryptocurrency space with all coins recording double-digit losses and mostly one-week lows, slashing the overall market capitalization back down to $513 billion, after having hit a high of $830 billion at the start of the year. 24 hour turnover was reasonable at $28 billion but not excessive when compared to volume totals hitting nearly $50 billion at the start of 2018. A wide range of different fiat currencies were exchanged for digital coins with a heavy presence of US dollar Tether (USDT) seen across exchanges. Tether allows digital currency traders to easily exchange Bitcoin et all into Tethers instead of traditional fiat currencies, allowing exposure to digital currencies without the volatility of Bitcoin, Ripple, Ethereum etc. Each digital US dollar Tether is backed one-for-one by a US dollar held in reserve at the Tether Limited.

We recently looked at Trader Behavior during Heavy Cryptocurrency Sell-Offs to see how to combat common market biases that occur during periods of wild volatility.

Top 8 Cryptocurrencies by Market Capitalization – January 22, 2018

Bitcoin, Ethereum, Ripple Prices Crumble, Market Capitalization Slashed

Bitcoin Price Chart Shows Little Support

The daily BTC price chart shows little evidence of any strong support area, aside from the January 17 low at $9,231 ahead of the 78.6% Fibonacci retracement level around $8,520. DailyFX analyst Paul Robinson recently looked at a variety of cryptocurrency charts and noted that a drop below the January 17 low on the BTC chart could “cause buyers to start throwing in the towel, accelerating a sell-off.” And a sell-off in the market heavyweight is likely to ripple through the market, prompting further heavy falls and losses.

“Only when the tide goes out do you discover who has been swimming naked” (W Buffet)

Bitcoin (BTC) Price Chart Daily Timeframe (November 1, 2017 – January 22, 2018)

Bitcoin, Ethereum, Ripple Prices Crumble, Market Capitalization Slashed

Indian Banks Target Cryptocurrency Accounts

According to media sources, India’s top banks are cracking down on cryptocurrency trading accounts, following on reports last week that the Indian government had sent tax notices to cryptocurrency traders and investors in an effort to curb trading and speculation. One of India’s main cryptocurrency exchanges, Koinex, recently had to suspend trading and pause deposits and withdrawals, citing problems with payment processors and various Indian banks.

And last week the European Union said that it would increase its scrutiny of Bitcoin and other digital tokens amid fears that the coins are used for criminal purposes. Luxembourg Finance Minister Pierre Gramegna said that the dangers of money-laundering via the use of cryptocurrencies are clear and that Europe will have to handle it as one, hinting at European level action.

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Practice Account. In addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions.

--- Written by Nick Cawley, Analyst.

To contact Nick, email him at

Follow Nick on Twitter @nickcawley1

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