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Friday, June 30, 2017
CryptoCurrency News: Delaware House Passes Historic Blockchain Regulation
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CryptoCurrency News: SEC Files Fraud Suit Against Bitcoin Startup Owner
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CryptoCurrency: Ethereum News July 01, 2017 at 06:00AM #ETH
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CryptoCurrency News: German Politicians Join Advisory Panel for Blockchain Advocacy Group
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CryptoCurrency News: Bitcoin Exchanges Launch Insurance Products in Japan
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CryptoCurrency News: Japan to Test Blockchain for Government Contract System
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[FOREX NEWS] Fed Favorite inflation figure is down to 1.4% – more USD falls coming?
The Core PCE Price Index is the favoured measure of inflation by the Federal Reserve. It shows that underlying inflationary pressured continue dropping and may contribute to a more dovish tone. The data for the month of May was no surprise: the PCE follows the CPI, which was already published and also showed a drop. [...]
The post Fed Favorite inflation figure is down to 1.4% – more USD falls coming? appeared first on Forex Crunch.
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CryptoCurrency News: Illinois Lawmakers Pass Bill Forming Blockchain Task Force
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CryptoCurrency News: Swift Completes Blockchain Smart Contracts Trial
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CryptoCurrency News: Delaware Blockchain Stock Bill Likely to Advance in House Vote
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CryptoCurrency News: The $28-Billion Challenge: Can Ethereum Scale to Meet Demand?
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CryptoCurrency News: China's Central Bank Opens New Digital Currency Research Institute
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[FOREX NEWS] Euro-zone core CPI beats with 1.1% – EUR/USD wobbles
Better than expected inflation data in the euro-zone: headline CPI dropped to 1.3% but beat projections at 1.2%. More importantly, core inflation is bouncing back up to 1.1%, up from 0.9% and better than 1% predicted. EUR/USD initially advanced but then resumed its correction to the downside. Is this a buying opportunity on EUR/USD? The [...]
The post Euro-zone core CPI beats with 1.1% – EUR/USD wobbles appeared first on Forex Crunch.
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[FOREX NEWS] UK GDP confirmed at 0.2% – GBP/USD hugs 1.30.
No surprises: the British economy grew by 0.2% q/q and 2% y/y in the first quarter. This is a significant slowdown in comparison to 2016. The current account deficit came out slightly better than expected 16.895 billion. The pound remains stable after the significant volatility we have seen beforehand. The UK was expected to confirm [...]
The post UK GDP confirmed at 0.2% – GBP/USD hugs 1.30. appeared first on Forex Crunch.
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Thursday, June 29, 2017
[FOREX NEWS] Dollar demise: no place to hide, at least for now
The euro advanced on Draghi’s talk of reflation. The pound took advantage of Carney’s change of mind. The Canadian dollar took advantage of higher oil prices and previous hawkishness from the BOC. But the rest of the currencies did not go anywhere fast. AUD/USD was very cautious, taking one step forward, one step backward. And [...]
The post Dollar demise: no place to hide, at least for now appeared first on Forex Crunch.
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[FOREX NEWS] EUR/USD: Where next after the Eur-phoria?
EUR/USD seems unstoppable, trading comfortably at the highest levels in nearly 14 months above 1.14. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR: What Has Changed? Where To From Here? – Danske Danske Bank FX Strategy Research notes that recent ECB communication topped by Draghi’s hawkish speech on Tuesday [...]
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[FOREX TIP] Monthly Forex News Events that Might Affect EURUSD Volatility – July 2017
The technical forces have sent the EURUSD to new 2017 year highs more than the fundamental forces. The EURUSD rallied to more than 7-month despite the US Fed delivering a new rate hike at its June meeting and despite numerous signals coming from the ECB which isn’t just ready to widen down the stimulus program. The focus now is shifting to the summer trading conditions as there aren’t many fundamental drivers in the upcoming month, which can impact the EURUSD exchange rate.
The month of July is set to be a very quiet month it terms of price activities as there aren’t any major risk events that can disrupt the EURUSD volatility. The seasonal pattern for July sees the EURUSD exchange rate moving slightly higher which means that the current bullish trend has higher chances to remain intact or at least not to see any major reversal.
The seasonal pattern only gives us the tendency of a particular currency to exhibit a certain behavior at a certain time, so we have to carefully monitor the pattern and how the fundamental forces interact with the price action.
Going forward, we’re going to analyze and disseminate the major news event for the upcoming month that can be the catalyst for higher EURUSD volatility.
“Don’t risk significant money in front of key reports, since that is gambling not trading.” Paul Tudor Jones
Monthly Forex News Events that Might Affect EURUSD Volatility – July 2017
The month of July will only bring some minor risk events that can be the catalyst for the EURUSD to exhibit higher volatility. The two main risk events are the Fed interest rate decision which is highly expected to hold rates while on the other side of the monetary policy spectrum we have the ECB interest rate decision. The ECB stand firm by its stimulus program and no major changes in monetary policy are expected.
- Monday, July 3, 2017 – First trading day of the month kicks off with the US ISM Manufacturing PMI figures. We had a strong May reading of 54.9 slightly above market expectation. The current White House administration has made big progress in support of the US manufactures and we should expect another strong positive reading in July.
- Wednesday, July 5, 2017 – The FOMC meeting minutes will give trades more details into the June Fed rate hike. The latest press Fed press conference has shown that Janet Yellen is no longer dovish on interest rate hikes. The market is also expecting one more rate hike until the end of 2017 and the FOMC minutes can give traders more insights into the timing of the next rate hike.
- Friday, July 7, 2017 – The Non-Farm Payrolls Report is one of the most awaited figures especially for Forex traders. The NFP missed expectation as the US only added 138k new jobs but the market is expecting the summer part-time jobs to boost the NFP figures. The unemployment rate also inched lower to 4.3%, the lowest figure in the last 16 years. The market consensus is for a figure above the 200k mark
- Friday, July 7-8, 2017 – The G20 Hamburg summit will gather together the heads of states of the most powerful economies in the world. The top agenda will be topics related to the free trade agreements which can be the catalyst for some uncertainty due to the current divergence among the USA and other major economies. The US president Trump and Russian president Putin will also meet for the first time at the G20 summit which can generate some worthy headlines.
- Thursday, July 13, 2017 – The US PPI inflation has held steady despite lower prices in the energy sector. The PPI inflation is the Fed favorite measurement of inflation which makes it a big risk event as traders will speculate big time in the event inflation is approaching the 2% Fed’s inflation target.
- Friday, July 14, 2017 – The US Retail sales missed market expectation of 0.1% and dropped -0.3% in May. This was the biggest drop in more than a year. Retail sales are expected to pick up again during the second half of the year.
- Thursday, July 20, 2017 – The ECB interest rate decision followed by resident Mario Draghi’s press conference will be the highlight of the day. Even though the ECB acknowledges that the inflation has picked up substantially it still looks like the QE tapering process will not start anytime soon. The market consensus is for the ECB monetary policy to remain unchanged.
- Wednesday, July 26, 2017 – The Fed interest rate decision and the FOMC statement is the main risk event. No press conference is expected and based on the general consensus the Fed should hold interest rates at current levels and only look to hike one more time in 2017 bear the end of the year.
- Friday, July 28, 2017 – The Advance US GDP figures for the second quarter of 2017 are scheduled to be released. The US GDP only increased by 1.2% during the first quarter of the year versus 0.9% forecasted. The US economy is expected to grow by 2.2% in 2017 lower than 2016’s GDP rate of 2.6%.
The post Monthly Forex News Events that Might Affect EURUSD Volatility – July 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
CryptoCurrency: Ethereum News June 30, 2017 at 09:58AM #ETH
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CryptoCurrency: Ethereum News June 30, 2017 at 07:13AM #ETH
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CryptoCurrency: Ethereum News June 30, 2017 at 06:01AM #ETH
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CryptoCurrency: Ethereum News June 30, 2017 at 05:07AM #ETH
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CryptoCurrency News: Miners Boost Ethereum's Transaction Capacity With Gas Limit Increase
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CryptoCurrency: Ethereum News June 30, 2017 at 03:53AM #ETH
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CryptoCurrency: Ethereum News June 30, 2017 at 02:17AM #ETH
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CryptoCurrency News: Russia Wants Regulators to Research Blockchain Security Risks
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CryptoCurrency News: Arizona Bitcoin Trader Charged With Money Laundering
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[FOREX NEWS] USD/CAD dips under 1.30 – can it confirm the break?
The Bank of Canada is hawkish and this was reaffirmed in the Portugal Central Bank fest. Prices of oil had been stabilising after the flirt with $42. It is even more than stabilising: WTI now trades well over $45. Everything was set for a test of USD/CAD under 1.30. Can it hold its ground at [...]
The post USD/CAD dips under 1.30 – can it confirm the break? appeared first on Forex Crunch.
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CryptoCurrency News: Fidelity's Charity Arm Has Raised $9 Million in Bitcoin So Far in 2017
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CryptoCurrency News: Pot-Friendly Bitcoin Payments Startup Raises $1.5 Million
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[FOREX NEWS] US GDP upgraded to 1.4% – USD/JPY ticks up
Better than expected growth in the US: 1.4% in the final read for Q1 2017. This is an annualized figure. Quarter over quarter it is around 0.35%. The upwards revision is mostly due to an upgrade in personal consumption: 1.1% in the final read. The GDP price index was revised down: 1.9% against 2.2%. Also, [...]
The post US GDP upgraded to 1.4% – USD/JPY ticks up appeared first on Forex Crunch.
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CryptoCurrency News: Bitcoin Scaling Project Segwit2x to Release New Code Tomorrow
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CryptoCurrency News: Bitcoin Phishing Scheme Perpetrator Pleads Guilty in Connecticut Court
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CryptoCurrency News: Electronics Giant LG is Testing R3's Distributed Ledger Software
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CryptoCurrency News: Celebrity Investor Mark Cuban is About to Participate in His First ICO
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[FOREX NEWS] GBP/USD eyeing 1.30 on ongoing Carney effect – is it overbought?
Pound/dollar is deep into the pre-election territory, trading around 1.2980. This was high before the June 8th vote. The pair has already reached a high at 1.2995, getting very close to the psychological barrier of 1.30. The cause is Carney: the Governor of the Bank of England changed his mind quite quickly. From saying it [...]
The post GBP/USD eyeing 1.30 on ongoing Carney effect – is it overbought? appeared first on Forex Crunch.
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Wednesday, June 28, 2017
[FOREX NEWS] EUR/USD approaching next resistance above 1.14 – time for a pause?
The Draghi effect goes on and on. This time, it’s not a drag on the euro but rather a driver to the upside. The words of the ECB President already send the world’s most popular currency pair over 200 pips to the upside. The high so far has been 1.1419. On the day after the [...]
The post EUR/USD approaching next resistance above 1.14 – time for a pause? appeared first on Forex Crunch.
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CryptoCurrency: Ethereum News June 29, 2017 at 07:37AM #ETH
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CryptoCurrency: Ethereum News June 29, 2017 at 06:56AM #ETH
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CryptoCurrency News: Ether Rebounds As Price Rises Back Above $300
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CryptoCurrency News: Daimler AG Issues €100 Million Corporate Bond in Blockchain Trial
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CryptoCurrency: Ethereum News June 29, 2017 at 04:00AM #ETH
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CryptoCurrency News: Europe's Second-Largest Port Launches Blockchain Logistics Pilot
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CryptoCurrency News: $100 Million: Pantera Capital Nets New Investment for ICO Hedge Fund
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CryptoCurrency News: CFTC Chief Asks Congress for More Money to Oversee Blockchain
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CryptoCurrency News: Blockchain Startup ChromaWay to Launch 'Hybrid Database' Product
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CryptoCurrency News: Bitcoin Legal Experts: nChain SegWit Criticisms Are Flawed
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[FOREX NEWS] USD/CAD comfortable under 1.31 – heading to 1.30?
The Canadian dollar continues marching forward, taking advantage of whatever it can. UDS/CAD is getting comfortable under 1.31 with the low so far standing at 1.3076. The initial boost to the C$ came from the Bank of Canada, which switched its stance to hawkish. A stronger economy gave rise to optimism. USD/CAD fell sharply below [...]
The post USD/CAD comfortable under 1.31 – heading to 1.30? appeared first on Forex Crunch.
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[FOREX NEWS] GBP/USD jumps to 1.29 as Carney goes hawkish
Bank of England Governor Mark Carney says that the removal of some of the stimulus may be necessary. So far, Carney was in the dovish camp, battling opposition. GBP/USD is responding quickly with a leap to 1.2904 more coming
The post GBP/USD jumps to 1.29 as Carney goes hawkish appeared first on Forex Crunch.
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[FOREX NEWS] Draghi downplayed: EUR/USD flash crashes
After a long period of low volatility, we have quite a bit of volatility in EUR/USD. After the rally yesterday we get a quick dip or a flash crash. EUR/USD dropped 90 pips within seconds but is already 50 pips above the lows. Mario Draghi sent the euro higher yesterday by expressing optimism: reflation is [...]
The post Draghi downplayed: EUR/USD flash crashes appeared first on Forex Crunch.
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CryptoCurrency News: New York Preschools Accept Bitcoin and Ether for Tuition Payments
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CryptoCurrency News: Why Silicon Valley Accelerator 500 Startups Isn't Backing ICOs – Yet
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CryptoCurrency News: R3 Completes DLT Commercial Paper Prototype with Bank Partners
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CryptoCurrency News: 'End Poverty, Restore Trust': World Bank Dives into Blockchain with Lab Launch
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CryptoCurrency News: World Economic Forum Publishes Blockchain Governance Taxonomy
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[FOREX NEWS] EUR/USD reaches the highest since Brexit – 3 reasons
EUR/USD continues marching to the upside and it is struggling with another high level of resistance, 1.1360. This was the high back in August. Above this level, we are now at the highest since June 24th, the day after the EU Referendum. On that day, EUR/USD reached 1.1420, which is the next level of resistance. [...]
The post EUR/USD reaches the highest since Brexit – 3 reasons appeared first on Forex Crunch.
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Tuesday, June 27, 2017
CryptoCurrency: Ethereum News June 28, 2017 at 08:18AM #ETH
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CryptoCurrency: Ethereum News June 28, 2017 at 07:28AM #ETH
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CryptoCurrency: Ethereum News June 28, 2017 at 06:33AM #ETH
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CryptoCurrency News: Bitcoin Exchange Operator Sentenced to Five-and-a-Half Years in Prison
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CryptoCurrency: Ethereum News June 28, 2017 at 03:26AM #ETH
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[FOREX NEWS] Yellen does not stop EUR/USD – reaches new highs
Janet Yellen speaks in London. It is her first public appearance since the hawkish hike two weeks ago. Given falling inflation and mixed messages from Fed officials, some were asking: will the Fed really raise rates again? This is not a prepared speech but rather a conversation. She is speaking on a wide variety of [...]
The post Yellen does not stop EUR/USD – reaches new highs appeared first on Forex Crunch.
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CryptoCurrency News: Asus Announces New Graphics Cards Focused on Cryptocurrency Mining
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CryptoCurrency News: Indian States Look to Launch Blockchain Land Registry Efforts
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[FOREX NEWS] USD/JPY shoots higher despite Fed caution
Dollar/yen has departed from the 111 handle and is trading at 112.42, breaking resistance at 112.20 which served as resistance. The background is a day full of central bank activity, with the most important member yet to speak. Markets are not waiting for Fed Chair Janet Yellen, which speaks at 17:00 GMT. The action now [...]
The post USD/JPY shoots higher despite Fed caution appeared first on Forex Crunch.
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CryptoCurrency News: China's Central Bank Vows to Push for Blockchain in Five-Year Plan
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[FOREX NEWS] EUR/USD > 1.13 – highest since September on the Draghi drive
EUR/USD is on the move, topping the previous highs seen in June and breaking to the highest levels since September. The high so far is 1.1304. The move is driven by Draghi: the president of the ECB was upbeat about the economy. While tapping on his back and noting the ECB’s actions, he said there [...]
The post EUR/USD > 1.13 – highest since September on the Draghi drive appeared first on Forex Crunch.
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CryptoCurrency News: The Risks of Segregated Witness: Problems Under US Contract Law
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CryptoCurrency News: Hyperledger Fabric Blockchain Publishes Software Release Candidate
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CryptoCurrency News: ASIC on Blockchain: Australia's Securities Watchdog Unlikely to Regulate ICOs
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CryptoCurrency News: Financial Stability Board: Blockchain Could Raise Cross-Border Data Issues
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CryptoCurrency News: Bitspark Embarks on Blockchain Remittance Trial with UN in Tajikistan
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CryptoCurrency News: Blockchain Payments Startup Veem Integrates With Intuit QuickBooks
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[FOREX NEWS] Can EUR/USD break above 1.13 after Draghi? Levels
Draghi began talking about QE tapering, sending EUR/USD 70 pips to the upside and above resistance at 1.1230. After repeated attempts to break above 1.13 failed, can euro/dollar make the move? A lot depends on his counterpart on the other side of the Atlantic. 1.13 was the swing high around the US elections in November. [...]
The post Can EUR/USD break above 1.13 after Draghi? Levels appeared first on Forex Crunch.
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[FOREX NEWS] Draghi begins the taper talk – EUR/USD rises
The President of the ECB gives a keynote speech in Sintra, Portugal and sounds more optimistic about the recovery. EUR/USD rises in range, reaching 1.1215. Update, EUR/USD has reached 1.1227. Among the ky points: Growth is firming in the euro-zone Inflation is more muted than one would expect given growth Adjusting policy parameters will need [...]
The post Draghi begins the taper talk – EUR/USD rises appeared first on Forex Crunch.
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Monday, June 26, 2017
[FOREX NEWS] Will Yellen hit the dollar?
The US dollar is slightly weaker, struggling after another weak figure: durable goods orders. Yet the big event is still ahead: a speech by Fed Chair Janet Yellen. So far, Yellen has been quite hawkish. Not only did the Fed raise rates, but they also expressed optimism on growth and jobs. More importantly, the FOMC [...]
The post Will Yellen hit the dollar? appeared first on Forex Crunch.
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[FOREX NEWS] EUR/USD could reach 1.15 in Q3 – ING
EUR/USD is stuck in a range for many long days. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research notes that the news over the weekend about the Italian government EUR 17bn rescue package to shore up failing Veneto Banca and Banca Popolare di Vicenza [...]
The post EUR/USD could reach 1.15 in Q3 – ING appeared first on Forex Crunch.
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CryptoCurrency News: European Banks Select IBM Blockchain for Small Business Trade
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CryptoCurrency News: Crypto Correction: Bitcoin and Ether Dive as Market Sheds $13 Billion
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CryptoCurrency News: Blockchain Research Lab to Combat Financial Fraud in Shenzhen
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[FOREX NEWS] Draghi drag? EUR/USD makes a small bow
The economic situation in the euro-zone is improving. While Draghi had to acknowledge this, he sticks to his stance regarding accommodative monetary policy. Draghi spoke at a conference in Portugal and said that interest rates have to be low for growth to recover. However, EUR/USD does not go too low. Why? This is not news [...]
The post Draghi drag? EUR/USD makes a small bow appeared first on Forex Crunch.
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CryptoCurrency News: GDAX Exchange to Reimburse Traders After Ether Flash Crash
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CryptoCurrency News: Proof-of-Life: Vitalik Buterin Uses Ethereum to Disprove Death Hoax
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CryptoCurrency: Ethereum News June 27, 2017 at 12:07AM #ETH
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[FOREX NEWS] US durable goods look weak – EUR/USD ticks up in range
Any strength of the US dollar seems to be short-lived. And the common currency is always there to take advantage of this. Even though EUR/USD is unable to break to new highs, it does not fall either. The most recent downer of the dollar came from an important indicator: durable goods orders. After a week [...]
The post US durable goods look weak – EUR/USD ticks up in range appeared first on Forex Crunch.
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CryptoCurrency News: Barclays Pitched UK Finance Regulator on Cryptocurrencies
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CryptoCurrency News: The US Navy Wants to Connect Its 3-D Printers with a Blockchain
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CryptoCurrency News: Bank of China, Tencent to Trial Blockchain in New Research Effort
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CryptoCurrency News: Gemalto Seeks to Patent Method for Secure Blockchain Identity
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CryptoCurrency News: Counting Chickens: Can Blockchain Restore Trust in China's Food Supply?
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CryptoCurrency News: Getting Smarter About Smart Contracts
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CryptoCurrency News: 'Flippening' Flop? As Ethereum's Price Pulls Back, Market Remains Bullish
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[FOREX NEWS] What would the stock markets do if Trump moved out of office?
President Donald Trump is a proud man. Certainly, his tendency to brand everything with the ever subtle TRUMP name would testify to this. That’s why all this talk of Trump resigning sounds like it would go against the very fabric of what makes the president tick. You would almost expect that he would have to [...]
The post What would the stock markets do if Trump moved out of office? appeared first on Forex Crunch.
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Sunday, June 25, 2017
CryptoCurrency News: ICOs: Why There's More Than One Way
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CryptoCurrency News: EOS: Unpacking the Big Promises Behind a Possible Blockchain Contender
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Saturday, June 24, 2017
CryptoCurrency: Ethereum News June 25, 2017 at 02:04PM #ETH
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[FOREX TIP] AUDUSD Weekly Forex Forecast – 19th to 23rd June 2017
The AUDUSD has made a pause and is consolidating the gains made in the past few weeks. The trend remains to the upside and ultimately we should see another attempt to break higher. For the bullish trend to resume, we need a break above last week high 0.7635 which is the resistance level of the current price range. On the downside the first area of support came at 0.7435 last week low closely followed by the big round number 0.7500 which needs to hold the downside in order for the bullish trend to remain intact.
The stochastic indicator is already in overbought territory, so we should expect to see a retest of support early in the week to give it time for the stochastic indicator to reset. The Australian economic calendar looks mild with no major risk events scheduled. The only proxy risk event that can impact the AUDUSD exchange rate is the Chinese Manufacturing PMI data scheduled on Friday.
Previous AUDUSD Weekly Forex Forecast
AUDUSD Weekly Forex Forecast – 26th to 30th June 2017
The post AUDUSD Weekly Forex Forecast – 19th to 23rd June 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] USDCAD Weekly Forex Forecast – 26th to 30th June 2017
The USDCAD technical pattern is trapped in a very precise trading range, but the prevailing trend remains strongly bearish and in this case we’re more prone to break to the downside. The first level of resistance comes at previous week high 1.3347 and any rallies above this level should quickly fade away. The major support level remains 1.3167 while a break below will expose the 1.3000 big psychological number.
The stochastic indicator is in extreme oversold conditions so we might expect to see more ranges during the first day of the week. The Canadian economic calendar looks mild with no particular risk event scheduled so we should expect USDCAD to be technically driven.
Previous USDCAD Weekly Forex Forecast
USDCAD Weekly Forex Forecast – 26th to 30th June 2017
The post USDCAD Weekly Forex Forecast – 26th to 30th June 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] GBPUSD Weekly Forex Forecast – 26th to 30th June 2017
The GBPUSD managed to break below previous week low after a very aggressive sell off, but we’re again moving in a very narrow range. The summer trading conditions should impact the liquidity, thus we can expect to see more ranges in the coming weeks. The focus is back on the intraday resistance level 1.2800 which is also a round number and which is the line in the sand for the bears.
The stochastic indicator is already in overbought territory, so the 1.2800 can hold the upside; however a break and a daily close above 1.2800 will open up the door for a retest of the 1.3000 big psychological number. On the downside we have the first area of support at 1.2635 followed by last week low 1.2589. A daily break and close below last week low will open up the door for a retest of the big psychological number 1.2500.
The UK economic calendar has not scheduled big risk events with the exception of the Inflation Report Hearings scheduled on Tuesday. However, we can note other major risk events coming from the other side of the Atlantic. The US Durable Goods orders are an important piece of risk event and the market expectation is for soft reading that can push the dollar down. On Thursday we have the US GDP final figure for the first quarter and trader should expect a flat reading of 1.2%. While on Friday the UK GDP figures are the main risk event.
Previous GBPUSD Weekly Forex Forecast
GBPUSD Weekly Forex Forecast – 26th to 30th June 2017
The post GBPUSD Weekly Forex Forecast – 26th to 30th June 2017 appeared first on Advanced Forex Strategies.
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[FOREX NEWS] GBP/USD: High uncertainty amid the Brexit Anniversary
One year after Britain voted to leave the European Union, GBP/USD is still lower. What’s next amid this uncertainty? Here is their view, courtesy of eFXnews: GBP: Maximum Uncertainty To Bite N-Term But Staying Bullish M-Term – Barclays Barclays Capital FX Strategy Research is bearish on GBP in the near-term but remains bullish in the [...]
The post GBP/USD: High uncertainty amid the Brexit Anniversary appeared first on Forex Crunch.
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CryptoCurrency: Ethereum News June 24, 2017 at 08:00PM #ETH
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CryptoCurrency News: Analyzing Ether: A Long-Time Bitcoin Investor's Skeptical Take
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CryptoCurrency News: Changing Exchanges: Will the Coinbase of Tomorrow Be Decentralized?
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[FOREX TIP] USDCHF Weekly Forex Forecast – 26th to 30th June 2017
Technical Outlook: USDCHF extended the declines last week, however there is scope that price action could be forming a higher low. A break out above 0.9730 is required for USDCHF to reverse the current trend. The higher low along with a breakout above 0.9730 will signal a continuation towards 0.9861 where the previously breached support level could be tested for resistance. To the downside, a continuation could see USDCHF extend the declines back to the previous low and potentially complete the descending triangle pattern, targeting 0.9564.
Fundamental Outlook: Data from Switzerland is very limited leaving most of the heavy lifting from the U.S. dollar. A rather busy week from the U.S., data includes the durable goods orders and the pending home sales report in the early part of the week. Mid-week, we get to see the final GDP numbers from the U.S. for the quarter ending March 2017. At the second revision, the GDP numbers were revised higher to 1.2%, from 0.9% previously estimated. The personal consumption expenditure data and the personal income figures will also give a glimpse into the state of the households in the United States.
Previous USDCHF Weekly Forex Forecast
USDCHF Weekly Forex Forecast – 26th to 30th June 2017
The post USDCHF Weekly Forex Forecast – 26th to 30th June 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] USDJPY Weekly Forex Forecast – 26th to 30th June 2017
Technical Outlook: USDJPY has failed to break past the resistance level near 111.69 – 111.58 for the most part last week. However, price action has maintained a tight range which suggests a near term breakout. To the downside, USDJPY could be seen testing the support at 110.14 – 110.04 levels, while to the upside, USDJPY could be aiming for 112.98 – 112.23 at the very least. However, for the upside to be established, USDJPY needs to break past the resistance level before aiming for further gains. A convincing daily close above 111.69 is required to establish the upside bias.
Fundamental Outlook: Data from Japan this week will include Sunday’s Tankan manufacturing survey data. This quarterly data will report on the business outlook on the economy in both the manufacturing and nonmanufacturing sectors.Inflation data will also be released this week. The data comes after the Bank of Japan’s monetary policy meeting last week. No changes were made to monetary policy and recent comments from BoJ officials suggested that they were in hurry to tighten monetary policy. Inflation in Japan continues to evade the central bank’s 2% target rate. With falling oil prices, this week’s inflation estimates could remain subdued.
Previous USDJPY Weekly Forex Forecast
USDJPY Weekly Forex Forecast – 26th to 30th June 2017
The post USDJPY Weekly Forex Forecast – 26th to 30th June 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] EURUSD Weekly Forex Forecast – 26th to 30th June 2017
Technical Outlook: EURUSD rallied to the resistance level of 1.1200 by Friday’s close. This suggests that near term downside is likely to prevail in the EURUSD with the previous support tested at 1.1126 likely to be tested in the near term. Further downside can be seen coming on a break down below this support at 1.1126, in which case you can expect the declines to come down to 1.0950. Alternately, if EURUSD breaks past 1.1200, you can expect further gains to come by with price action likely aiming for 1.1300 or at the very least, the previous highs near 1.1299.
Fundamental Outlook: The week ahead could be an important one for the EURUSD especially with Friday’s flash inflation estimates from the Eurozone for the month of June. Following the pull back in May where headline inflation rose just 1.4% and core inflation rose 0.9%, the markets will be looking whether inflation managed to stabilize in June. A weaker inflation data could potentially dent the bullish market sentiment on the euro currency. Besides the inflation estimates, other data over the week will include German retail sales and the Ifo business climate. Regional inflation data from Spain, Germany and Italy will also be coming out giving a better view on the flash inflation estimates.
Previous EURUSD Weekly Forex Forecast
EURUSD Weekly Forex Forecast – 26th to 30th June 2017
The post EURUSD Weekly Forex Forecast – 26th to 30th June 2017 appeared first on Advanced Forex Strategies.
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[FOREX TIP] Weekly Forex News Events for EURUSD – 26th to 30th June 2017
EURUSD produced a weekly bullish Pin Bar candle on the chart. The price has been within a horizontal channel and traders would love to see a breakout towards either side. In the coming week, there are number of high impact news events that might create volatility on the pair and make the pair make the desired breakout. Let us see what those news events are…
Monday-26th June-12.30 GMT
Core Durable Goods order m/m
Usually produces long spikes on the Intra-day charts and sweeps off the stop losses.
Monday-26th June-17.30 GMT
ECB president Draghi speaks
This is one important news event. It has to be dealt carefully by EURUSD traders.
Tuesday-27th June-08.00 GMT
ECB president Draghi speaks
Draghi is going to give another speech on this day. Do not think it would create as much volatility as it would on Monday though. However, intra-day charts will definitely have impact of it.
Tuesday-27th June-14.00 GMT
CB consumer confidence
Another news event, which has to be carefully dealt by the intraday traders.
Tuesday-27th June-17.00 GMT
Fed chair Yellen speaks
This news event does not usually create extreme volatility. However, if it does, it could make the pair be very volatile.
Wednesday-28th June-14.30 GMT
Crude Oil Inventories
Another news event, which creates volatility on the Intra-day charts.
Thursday- 29th June-12.30 GMT
Final GDP q/q
Unemployment claims
Technically, these two news events are going to be the week’s last two high impact news events for EURUSD. As usual, traders must be extra careful with “Unemployment claims” here and use it to find opportunities to take entries accordingly.
The post Weekly Forex News Events for EURUSD – 26th to 30th June 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
Friday, June 23, 2017
CryptoCurrency News: Local Government in China Trials Blockchain for Public Services
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CryptoCurrency News: OneCoin 'License' is a Fake, Says Vietnamese Government
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CryptoCurrency News: Top Secret? Bitcoin Scaling Plan Segwit2x Leaves More Questions Than Answers
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[FOREX NEWS] USD/JPY channeled down – Forecast June 26-30
Dollar/yen dipped had a strong start to the week but petered out later on. The pair has been sliding as enthusiasm from the Fed’s hawkishness was replaced by skepticism. The chart shows lower highs and lower lows. This is a new format of the outlook and feedback is welcome. We cover the top fundamental news and [...]
The post USD/JPY channeled down – Forecast June 26-30 appeared first on Forex Crunch.
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CryptoCurrency: Ethereum News June 24, 2017 at 12:25AM #ETH
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CryptoCurrency News: UN Sees Possible Role for Blockchain in Advancing Paris Climate Accord
CryptoCurrency News: The FBI Received Over 2,600 Ransomware Complaints in 2016
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CryptoCurrency News: Coin Center: US Senate's Digital Currency Bill Is 'Counterproductive'
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CryptoCurrency News: Accounting Coalition Moves to Work with Regulators on Blockchain Innovation
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CryptoCurrency News: Ukrainian Government to Start Blockchain Land Registry Trial in October
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CryptoCurrency News: Cryptocurrency: How We Hook the Masses
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CryptoCurrency News: Too Many Cryptocurrencies? Huobi Launches Quantitative Model for Investors
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[FOREX NEWS] Euro-zone PMIs are mixed – EUR/USD advanced anyway
Forward-looking purchasing managers’ indices are still pointing to solid growth in the eurozone’s biggest countries. Nevertheless, they are not beating expectations and are not advancing. France saw its manufacturing PMI beat expectations, rising from 53.8 to 55 points. The services PMI is down from 57.2 to 55.3, much lower than expected. A similar picture is seen [...]
The post Euro-zone PMIs are mixed – EUR/USD advanced anyway appeared first on Forex Crunch.
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[FOREX NEWS] Brexit Birthday – wrapping up a tumultuous year in GBP/USD
The former leader of UKIP, Nigel Farage, wanted to make June 23rd a holiday to celebrate “Independence Day”. There are no big celebrations. One year after the Brexit Referendum, some of the top politicians have changed, but uncertainty about the future is the same. Brexit negotiations have begun this only this week and they have [...]
The post Brexit Birthday – wrapping up a tumultuous year in GBP/USD appeared first on Forex Crunch.
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Thursday, June 22, 2017
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[FOREX NEWS] The Canadian dollar doesn’t need oil – it has the strong local economy
Prices of oil are struggling at the lows. Even after bouncing nicely at low support, the price of black gold remains depressed. Nevertheless, the Canadian dollar is supported by the local economy. Canadian retail sales advanced by 0.8%, significantly better than an increase of 0.3% that was expected. Also, core retail sales enjoyed a significant [...]
The post The Canadian dollar doesn’t need oil – it has the strong local economy appeared first on Forex Crunch.
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CryptoCurrency News: Coinbase Appeals Decision in Cryptsy Collapse Lawsuit
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CryptoCurrency News: Illicit Cryptocurrency Use Targeted in Proposed 2018 FBI Budget
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CryptoCurrency News: US Government Seeks Blockchain Solutions for Contract Bidding System
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CryptoCurrency News: IMF's Lagarde Touts Distributed Ledger as Defense Against Terror
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CryptoCurrency News: Identity without the Blockchain? Skepticism Grows for Once-Hot Use Case
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CryptoCurrency News: Bitcoin Startup Blockchain Raises $40 Million Series B
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CryptoCurrency News: Buddhist Monks Said to Be Targeted by Bitcoin Pyramid Scheme
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CryptoCurrency News: Power to the User: How Accenture and Microsoft Are Decentralizing Identity
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CryptoCurrency News: What's Blockchain? HSBC Survey Finds 59% of Consumers Don't Know
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[FOREX NEWS] Is USD/JPY ready to fall? 3 fundamental reason and a downtrend channel
USD/JPY is trading in the middle between the cycle high of 114.30 and the cycle low of 108.10. Will it stick to the nice 111.11 level? Not necessarily. Here are three reasons why this major pair could fall, and a chart demonstrating the downtrend channel. Fed speakers are more dovish: The Fed announced a hike [...]
The post Is USD/JPY ready to fall? 3 fundamental reason and a downtrend channel appeared first on Forex Crunch.
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Wednesday, June 21, 2017
CryptoCurrency News: $13: Ether Prices Plunge 2,500% in GDAX Exchange Flash Crash
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CryptoCurrency News: Startups See Service Outages Amid Ethereum Blockchain Backlog
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CryptoCurrency: Ethereum News June 22, 2017 at 03:14AM #ETH
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[FOREX NEWS] WTI Crude oil bounces off support – almost perfect technical trading
The low of November 14th, 2016 was $42.07. The low today was $42.03. This is as close to a perfect bounce off support. The price reached the lowest since August but by a mere 4 cents. Can oil prices still make the break? Sure. The fall is backed by fundamentals. Oil prices are falling as [...]
The post WTI Crude oil bounces off support – almost perfect technical trading appeared first on Forex Crunch.
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CryptoCurrency News: NSA 'DoubleStar' Backdoor Blamed for Cryptocurrency Mining Malware
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CryptoCurrency News: Porsche Names Winner of Blockchain Startup Contest
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CryptoCurrency News: China's ZhongAn Unveils Blockchain Tech for Food Supply Chain
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CryptoCurrency News: Cambodia's Central Bank Pushes Ahead with Blockchain Payments Trials
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[FOREX NEWS] US existing home sales slightly beat with 5.62 million – USD/JPY ticks up
Sales of second-hand homes were expected to drop by a modest 0.5% from 5.57 million to 5.55 million annualized in May. Back in April, the volume of sales fell by 2.3%. The US dollar has been stable after ceding some of its gains earlier. All in all, the greenback continues enjoying the backwind from the [...]
The post US existing home sales slightly beat with 5.62 million – USD/JPY ticks up appeared first on Forex Crunch.
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CryptoCurrency News: No ICO: Hedge Fund Numerai Releases Blockchain Token Without the Funding
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CryptoCurrency News: IBM Announces Blockchain Truck-Tracking Solution with Colombian Partner
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[FOREX NEWS] GBP/USD jumps on hawkish Haldane
Already 100 pips off the lows seen earlier more coming
The post GBP/USD jumps on hawkish Haldane appeared first on Forex Crunch.
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CryptoCurrency News: Uniform Law Commission Sets Date for Debate on Digital Currency Regime Rules
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CryptoCurrency News: A Bitcoin Scaling Upgrade: How It Could Finally Happen (And How It Could Fail)
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[FOREX NEWS] GBP/USD extending losses on UK political uncertainty
Pound/dollar already erased the election announcement gains, falling to the lowest levels in two months. We listed 3 reasons for the downfall. Different forces converged to hurt the currency pair. And now, cable extends its downfall, and it is led by UK politics. Her Majesty The Queen will make her speech today, laying out the [...]
The post GBP/USD extending losses on UK political uncertainty appeared first on Forex Crunch.
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[FOREX NEWS] USD/JPY grinding lower on Saudi Arabia, North Korea
USD/JPY is trading at 111.11, down from the highs of 111.80. It still trades much higher than before the hawkish Fed hike, but the gains are eroding. The major pair is sensitive to geopolitical developments. After a few weeks of calm, we have two issues to worry about. Here are the worries: Saudi Arabia reshuffle: [...]
The post USD/JPY grinding lower on Saudi Arabia, North Korea appeared first on Forex Crunch.
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[FOREX NEWS] On fundamentals, technicals and more – interview with Dale Pinkert
I had the privilege to be interviewed by Dale Pinkert of F A C E. We talked about major currencies, oil, fundamentals, and technicals. Do check out their website Forex Analytix. And the video is here below:
The post On fundamentals, technicals and more – interview with Dale Pinkert appeared first on Forex Crunch.
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Tuesday, June 20, 2017
CryptoCurrency: Ethereum News June 21, 2017 at 07:45AM #ETH
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CryptoCurrency: Ethereum News June 21, 2017 at 07:10AM #ETH
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CryptoCurrency: Ethereum News June 21, 2017 at 06:24AM #ETH
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CryptoCurrency News: ICO Blues: Status Raises $64 Million But Leaves Buyers Waiting
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CryptoCurrency News: You Can Now Type the Bitcoin 'B' Symbol in Unicode Text
CryptoCurrency News: Illinois Government Sponsors Month-Long Blockchain Hackathon
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[FOREX NEWS] GBP/USD erasing the election announcement gain – 3 reasons
GBP/USD is trading around 1.2620, after having dipped to a low of 1.2603. 1.2615 was the swing high seen in April. After that, the pair returned down to its range. On April 18th, Theresa May announced the snap elections and the pair shot higher, eventually reaching 1.3050. May’s election failure resulted in a dip under [...]
The post GBP/USD erasing the election announcement gain – 3 reasons appeared first on Forex Crunch.
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CryptoCurrency News: Comcast, Disney and NBCUniversal: Media Giants to Launch Blockchain Ad Platform
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CryptoCurrency News: Bitfury Inks Deal With DC Firm in Blockchain Insurance Push
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CryptoCurrency News: India Inches Closer to Developing Cryptocurrency Rules
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CryptoCurrency News: New York's Financial Regulator Is Now Inspecting Bitcoin Startups
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CryptoCurrency News: UN Leaders Urge Blockchain Startups to Collaborate on Identity
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CryptoCurrency News: Too Easy? Critics Take Aim at Ethereum Token Standard Amid ICO Boom
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CryptoCurrency News: Japan's Financial Firms Test Distributed Ledger With R3 Corda Trial
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CryptoCurrency News: IMF Explores ICOs and Central Bank Coins in New Blockchain Note
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