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Friday, September 15, 2017

[FOREX TIP] USDCHF Weekly Forex Forecast – 18th to 22nd Sept 2017

USDCHF Weekly Forex Forecast – 18th to 22nd Sept 2017

Technical Outlook: USDCHF posted a strong reversal off 0.9455 support last week. Price action managed to close above 0.9563 with Friday’s close briefly dipping back to this level. If USDCHF establishes support at 0.9563, we can expect some upside in prices in the near term. The long term resistance and target remains at 0.9861 which could eventually be tested in the near term. However, USDCHF remains range bound in the medium term with price action trading within 0.9861 and 0.9563. A breakout from this range will determine further direction in price.

Fundamental Outlook: After the Swiss national bank’s meeting last week, the economic data from Switzerland this coming week will see only the release of the SECO economic forecasts and the trade balance figures. Most of the heavy lifting will come from the events that could influence the USD. The FOMC meeting is due on Wednesday which could bring some volatilty to the Swiss franc as well. The Fed is expected to keep interest rates unchanged but could unveil its balance sheet normalization.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 18th to 22nd Sept 2017

The post USDCHF Weekly Forex Forecast – 18th to 22nd Sept 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] USDJPY Weekly Forex Forecast – 18th to 22nd Sept 2017

USDJPY Weekly Forex Forecast – 18th to 22nd Sept 2017

Technical Outlook: USDJPY posted strong gains over the week but price action stalled after testing the resistance level of 110.91 – 110.66. We expect some consolidation to take place at this level. The bias remains to the downside as USDJPY could be seen falling back to 108.43. However, in the event that the U.S. dollar manages to break the resistance level, we can expect further gains that could put USDJPY on track for testing 113.00. To the downside, short term support is seen at 109.40 which could be tested but USDJPY could remain range bound in the near term within the mentioned resistance and the minor support level.

Fundamental Outlook: A big week for the Japanese yen as the Bank of Japan meets for its monetary policy meeting. The BoJ’s meeting is due on Thursday. No changes are expected from the BoJ at this month’s meeting. Interest rates are expected to remain unchanged at -0.10%. Focus will be on the BoJ’s forward guidance as always. No further easing expansion is expected as the BoJ maintains its QE purchased. Inflation forecasts will be under the scanner but there is scope for the BoJ to potentially come out with hawkish forward guidance, in line with most other central banks.

Previous USDJPY Weekly Forex Forecast

USDJPY Weekly Forex Forecast – 18th to 22nd Sept 2017

The post USDJPY Weekly Forex Forecast – 18th to 22nd Sept 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] EURUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

EURUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

Technical Outlook: The EURUSD posted declines last week with the U.S. dollar seen making some recovery. However, by Friday’s close, price action managed to recover some of the declines. Closing on Friday near the support level of 1.1929, price action looks poised to push lower in the coming week. Immediate support is found at 1.1825 which is pending a retest. Further downside could be expected if EURUSD slips below this support in which case, EURUSD could be seen testing 1.1691. To the upside, if EURUSD maintains the current gains, we can expect another test back to 1.2060.

Fundamental Outlook: Economic data from the Eurozone this coming week will focus on the final inflation figures. According to the flash estimates, consumer prices in the Eurozone was seen accelerating in August. A confirmation of this could give a vote of confidence for the euro currency and the ECB as well. The German ZEW economic sentiment as well as the Eurozone economic sentiment data will be coming up this week as well. Into Friday, the flash PMI figures will be coming out for September. PMI figures in August were a bit mixed but still relatively pointed to a steady economic growth in the region. With the euro taking a backseat, focus will turn to the U.S.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

The post EURUSD Weekly Forex Forecast – 18th to 22nd Sept 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency: Ethereum News September 16, 2017 at 07:09AM #ETH

New #Malvertising Threat Hijacks Browsers to #Mine #Cryptocurrencies https://t.co/YSbsSevDwv

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CryptoCurrency News: Meet WEX: Bitcoin Exchange Launches for BTC-e Users with BTC-e Design

A new exchange is courting users of the now-defunct BTC-e exchange, but it bears a striking resemblance to its illicit predecessor.

via CoinDesk

CryptoCurrency: Ethereum News September 16, 2017 at 05:35AM #ETH

Panic As Chinese #Cryptocurrency #Exchanges Announce Impending #Trading Halt https://t.co/mnK1jb3plh

[MORE]

CryptoCurrency News: China, Shmyna: Bitcoin Trading Is Way More Distributed Now Anyway

All else equal, the market may take less time to recover from the latest sell-off than from the one that took place in December 2013.

via CoinDesk

[FOREX NEWS] GBP: 3 Reasons For Downside Risks But Won’t Fight Against N-Term Strength – Barclays

The pound powered on, reaching new highs close to 1.36. This is based on optimism for a rate hike. It began with the BOE and continued with hawkish tones by a member of the Monetary Policy Committee. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research comments on GBP direction [...]

The post GBP: 3 Reasons For Downside Risks But Won’t Fight Against N-Term Strength – Barclays appeared first on Forex Crunch.



via Forex Crunch

CryptoCurrency News: Floyd Mayweather Stumps for Crypto Credit Card in Latest ICO Promotion

Floyd Mayweather is stepping up his support of cryptocurrencies, promoting his third initial coin offering (ICO) in the past month.

via CoinDesk

CryptoCurrency News: Geth Releases Software Update Ahead of Ethereum 'Byzantium' Hard Fork

A new version of Geth, a command-line interface for running ethereum nodes, includes changes that could see the software running at far higher speeds.

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CryptoCurrency News: Courting Bitcoin? Nebraska Ethics Board Gives Lawyers OK to Accept

A top legal ethics board in Nebraska has weighed in on the issue of cryptocurrency payments for lawyers.

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CryptoCurrency News: Back at $3,500: Has Bitcoin Found a Short-Term Bottom?

Bitcoin prices are back above $3,500, but will they stay? Technical analysis suggests rangebound trading may be on the way.

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CryptoCurrency News: Huobi, OKCoin to Stop Yuan-to-Bitcoin Trading By October's End

Two of China's "Big Three" bitcoin exchanges have announced plans to end yuan-to-bitcoin trading in the next month.

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CryptoCurrency News: Yunbi Bitcoin Exchange Latest to Close in China Crackdown

China-based cryptocurrency exchange Yunbi has announced the closure of its trading operations in the midst of a wider crackdown within the country.

via CoinDesk

CryptoCurrency News: Market Turmoil Pushes Cryptocurrency Market Cap Below $100 Billion

Cryptocurrency markets are down today following new developments out of China's bitcoin exchange ecosystem.

via CoinDesk

CryptoCurrency News: Blame China: Bitcoin Price Seeks Bottom as Panic Selling Begins

The bitcoin-US dollar exchange rate (BTC/USD) is in freefall after Chinese bitcoin exchange ViaBTC became the second exchange to shut down domestic trading amid news more announcements are forthcoming. As per CoinMarketCap, the bitcoin price has lost more than 20% of its value in the last 24 hours. Week-on-week, the world's largest cryptocurrency is down […]

via CoinDesk

CryptoCurrency News: 'Close Today': China's Bitcoin Exchanges Receive Shutdown Orders

A document leaked on Chinese social media today appears to confirm rumours that all local bitcoin exchanges must close by the end of the month.

via CoinDesk

CryptoCurrency News: Trumping the IRS: Could the Timing Be Right for Bitcoin Tax Reform?

With the U.S. political field looking ripe for tax reform, the cryptocurrency community could soon get much-needed clarification on IRS guidance.

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CryptoCurrency News: Moolah Exchange Founder Denies Fraud Charges in First Court Hearing

The trial of Ryan Kennedy, founder of the now-defunct dogecoin exchange Moolah, began in U.K. courts this week.

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CryptoCurrency News: Chinese Bitcoin Exchange ViaBTC to Close Amid Regulatory Crackdown

Chinese bitcoin exchange ViaBTC has announced it will be closing its website at the end of September – the second exchange in as many days to do so.

via CoinDesk

CryptoCurrency News: Fujitsu to Trial Blockchain Tech with New Banking Partners

Fujitsu is joining up with a Japanese banking association in a bid to help member banks build and test real-world blockchain solutions.

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[FOREX TIP] How to Join a Bitcoin Mining Pool?

The post How to Join a Bitcoin Mining Pool? appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: From Bear to Bull: Bitcoin Just Won't Die (So Josh Brown Buys)

Money manager Josh Brown doesn't understand bitcoin and was a long-term skeptic – but he's not letting that stop him from buying in.

via CoinDesk

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