Friday, May 4, 2018

CryptoCurrency News: Thailand Targets New Crypto Taxes While Others Move to Ease Burdens

A weekly roundup of regulatory moves by different nations and agencies.

via CoinDesk

CryptoCurrency News: Investor Sues Ripple Alleging 'XRP Is A Security'

An investor is suing Ripple Labs, claiming that XRP is a security pertaining to the startup.

via CoinDesk

CryptoCurrency News: Arizona Lawmakers Strip Crypto Mentions From Tax Payments Bill

Arizona Senate Bill 1091 has been passed by the House and Senate - but no longer mentions cryptocurrencies anywhere.

via CoinDesk

CryptoCurrency News: Virgin's Richard Branson Warns on Bitcoin Scam Sites Using His Name

The British tycoon published a post Thursday warning the public to ignore bitcoin scams promoting themselves using his image.

via CoinDesk

CryptoCurrency News: These Crypto Assets Are Pushing the Market Back Toward $500 Billion

The crypto markets continued to build on April's gains this week, with alternative cryptocurrencies like nano, VeChain and bytecoin leading the way.

via CoinDesk

CryptoCurrency News: Ethiopia Explores Blockchain Role in Tracking Coffee Exports

Ethiopia is exploring the use of blockchain technology to track the supply chain for its largest export, coffee.

via CoinDesk

CryptoCurrency News: Police Mandate Use of Blockchain Hotel Registry in Indian City

Police in the Indian city of Vizag have ordered hotels to deploy a new blockchain security solution.

via CoinDesk

CryptoCurrency News: Venezuelan President Launches Cryptocurrency-Funded Youth Bank

Venezuela is reportedly launching a youth bank to be funded by the state's controversial cryptocurrency, the petro.

via CoinDesk

[FOREX NEWS] Non-Farm Payrolls live coverage – Will wages move higher?

The US Non-Farm Payrolls for April is expected to show a gain of 192K after 103K in March (before revisions). Wages are projected to rise by 0.2% m/m after 0.3% and 2.7% y/y exactly like the last time. The US Dollar has consolidated earlier gains this week ahead of the publication. The Fed initially sent [...]

The post Non-Farm Payrolls live coverage – Will wages move higher? appeared first on Forex Crunch.

via Forex Crunch

[FOREX NEWS] Steep Downtrend channel weighing on EUR/USD

The EUR/USD is under pressure once again, trading lower ahead of the Non-Farm Payrolls. Weak euro-zone data continues flowing, preventing a pre-NFP calm. The technical picture remains bearish as the pair remains confined to a steep downtrend channel. The EUR/USD is trading around $1.1960, down 0.25% on the day and close to the recent three-month [...]

The post Steep Downtrend channel weighing on EUR/USD appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: 12 Chinese Banks Say They Deployed Blockchain in 2017

Nearly half of the 26 publicly listed banks in China said they deployed blockchain applications in 2017.

via CoinDesk

CryptoCurrency News: Bitcoin Sets Sights Above $10K After Bull Breakout

Following a bull breakout last night, bitcoin (BTC) looks set to test $10,000 and could possibly move higher over the weekend.

via CoinDesk

CryptoCurrency News: Chinese Angel Investor Amassed 10,000 Bitcoins Amid Q1 Price Slump

Cai Wensheng, a Chinese angel investor, says he bought 10,000 BTC after the price dropped earlier this year.

via CoinDesk

CryptoCurrency News: One of Bitcoin's Biggest Investments Might Finally Be Paying Off

Old hands aren't quite sure why there's been a spike in new contributors to bitcoin's open-source code, but they’re quite pleased to see it happen.

via CoinDesk

[FOREX NEWS] GBP/USD: ‘Enough Pounding’; Some Negatives Already In Price – Credit Agricole

The pound has been beaten quite hard, falling over 800 from peak to trough in the past two weeks. Has it gone too far? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses GBP/USD outlook and flags a scope for some GBP rebound in the near-term. “Following the recent GBP selloff, we believe that [...]

The post GBP/USD: ‘Enough Pounding’; Some Negatives Already In Price – Credit Agricole appeared first on Forex Crunch.

via Forex Crunch

[FOREX TIP] AUDNZD Price Action Analysis – 4th May 2018

AUDNZD after being on a consolidation for a long time made a strong Bullish move on the H4 chart. The pair made a strong breakout towards the upside as well. Now the thing to watch would be whether the breakout level is held by the current H4 candle first and then whether it produces an H1 Bullish Engulfing Candle right at the breakout level. If it does, then we would be able to make some green pips by buying the pair later today. Let us have a look at the AUDNZD chart…

AUDNZD Price Action Analysis – 4th May 2018

Have a look at that huge Bullish H4 candle. It broke the Resistance level of 1.07230 and closed above it. If the current H4 candle is held by this level and the level produces an H1 Bullish Engulfing Candle later, then the price would reach the level of 1.07900 without having too many pauses. Let us have a look at the summary of the trade…

  • Buy Limit Order: 1.07230
  • Stop Loss: 1.06795
  • Take Profit: 1.07900
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

“Non-Farm Employment change” and “Unemployment rate” data are to be released today at GMT 13.30. These two events usually shake the whole Forex market. Thus, if the signal comes at least 3 / 4 hours early and runs on a good profit, it would be wise to take some profit out. If it comes just an hour before, we might as well not take the entry. If it comes after the news event, it would be an excellent entry.

The post AUDNZD Price Action Analysis – 4th May 2018 appeared first on Advanced Forex Strategies.

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