China Bans Crypto, Provides Buying Opportunity

Sep. 15, 2017

It’s Official, China Bans Bitcoin In news leaked early today China has made it official, Bitcoin is banned within China. According to Coindesk documents and statements from exchange officials there has been a verbal instruction to cease operations by September 15th, effecting and immediate shut down. The reason, these exchanges are operating foreign exchange businesses […]

Non Plussed By Non Farm Payrolls

Sep. 01, 2017

There’s Growth But It’s Only Growing So Fast The August read on the non farm payrolls data was positive, supports the idea of economic growth, shows a steady 2.5% YOY increase in wages but nonetheless did not impress the market. And that is a good thing in some ways. If the number had been too […]

Market Update: Crypto Currencies Are Breaking Out

Aug. 25, 2017

Another Leg Higher For Crypto Currency With all the uncertainty in the world it is not wonder that more and more people are turning to cryptocurrency. Over the last week news has hit the market telling of Argentine Bitcoin miners using the digital token to avoid hyper-inflation, businesses around the globe flocking to blockchains on […]

Regulation Takes Its Toll

Aug. 11, 2017

FinanceMagnates Tracks Massive Decline In Binary Options Activity FinanceMagnates working in conjunction with CPattern has developed a tracking tool for the binary options industry that is quite telling. Referred to as the FTD or First Time Deposit benchmark this tool tracks not only the number of depositors but the amount and averages. According to them […]

Non Farm Payrolls Lifts Dollar

Aug. 04, 2017

Dollar Index Surges From 18 Month Low The Non Farm Payrolls data was stronger than expected but not all that strong. It came in at 209,000 with positive revision to previous months and right in the markets sweet spot. The number at once reaffirms current economic outlook and relieves the market of some near term […]

US Dollar Outlook Steadies After GDP Release

Jul. 28, 2017

Near Term Weakens But . . . The US dollar weakened Friday morning after the release of US 2nd quarter GDP data. The data was strong at 2.6% but only as-expected and there was a downward revision to the previous month which seemed to accelerate the near term down trend. By mid morning the tables […]

Data Releases For Week Ahead – Forex Impact?

Jul. 24, 2017

There was a small market rally last week – looking ahead, investors will be keenly watching these upcoming data releases. They are expected to have an impact on the CAD, Euro and US dollar pairs. Tuesday 25th July German IFO Business Climate Index. (08:00 GMT) The German business confidence index reflects the current sentiment among business leaders. Produced by […]

The CFTC Strikes Back

Jul. 22, 2017

Citrades Shut Down By The CFTC The CFTC revealed charges against Jason B. Scharf this week. The alleged charges include his operation of multiple fraudulent binary options brokerages and working in collusion with affiliate marketer Michael Shah to scam traders of more than $16 million dollars. The companies include a network of shell and front […]

When Currency Correlation Breaks Down

Jul. 11, 2017

Correlations Are A Two Edged Sword Currency correlation is a big deal in the forex world. It defines the way in which currency pairs move in relation to each other. On one hand there are pairs which share a currency like EUR/USD and USD/JPY and on the other individual currencies which tend to move in […]

24Options Reopens In France

Jun. 30, 2017

AMF Lifting Restrictions, 24Option To Reopen In France 24Options, former flagship brand of TechFinancials, has been able to appease the French AMF and is now permitted to reopen operations in that country. This is a landmark event as the French AMF has been among the most active in working to prevent binary options frauds. Their […]