Apex Financial Services

Top 3 Event Risk Affecting Forex this Week (10 feb 2014)
There has been very little activity in the foreign exchange market this morning but that does not mean it will be a quiet consolidative week for currencies. In fact, we believe that some of this week’s event risks can trigger breakouts in the majors. Forex traders are waiting for new direction and Read more...

Prices Plummet on MtGox after Exchange Blames Bitcoin Protocol for its Problems(10 feb 2014)
Prices took another dive on MtGox today after the long awaited Monday statement from the exchange failed to deliver. Not only did the company say that bitcoin withdrawals will not be resumed, it went a step further by conditioning their return on a change in the bitcoin protocol itself. Here a part of the MtGox statement Read more...

 

ECB: What Did Draghi Say to Send EUR to 1.36? (6 feb 2014)
As usual, euro did not react to the European Central Bank’s monetary policy decision until ECB President Mario Draghi started the press conference. Read more...
 
No FX Consensus on Rate Day But Aussie Shines (6 feb 2014)
Market Drivers February 6, 2014
AU Retail Sales, Trade Balance all beat sending Aussie towards 9000 ECB/BoE on tap Nikkei -0.18% Europe .92% Oil $97/bbl Gold $1258/oz. Read more...

 

Why this is a Crucial Week for the Fed & US Dollar (3 feb 2014)

Investors are selling dollars this morning against all of the major currencies with the exception of the British pound. USD/JPY in particular traded within a few pips of an important support level that we have been watching for weeks – the December 101.63 low.Read more...