CryptoCurrency: Ethereum News July 08, 2017 at 08:47AM #ETH

@uport_me Announces Zug Digital #Ethereum ID Pilot https://t.co/N4mgyIVT5n

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CryptoCurrency: Ethereum News July 08, 2017 at 07:33AM #ETH

When Blockchains Fly https://t.co/0LrZ6qAGMv @Accenture #blockchain

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CryptoCurrency: Ethereum News July 08, 2017 at 06:00AM #ETH

Futures Grow Closer For @ledgerx And #Cryptocurrency https://t.co/NAs2WXPufp

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CryptoCurrency: Ethereum News July 08, 2017 at 04:50AM #ETH

IRS Narrows “John Doe” Summons On @coinbase, In A Win For Users https://t.co/BL4x6oFRJK #cryptocurrency

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CryptoCurrency News: Swiss City Announces Plan to Verify IDs Using Ethereum

A Swiss city known for its cryptocurrency startup ecosystem is launching a new ethereum-based identity service.

Source

via CoinDesk

CryptoCurrency: Ethereum News July 08, 2017 at 03:25AM #ETH

ConsenSys Initiative: The # https://t.co/n7FX9CSEMK Blockchain For Social Impact Coalition Focuses On Humanitarian Efforts

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CryptoCurrency: Ethereum News July 08, 2017 at 03:24AM #ETH

@ConsenSysLLC Initiative: The #Blockchain For Social Impact Coalition Focuses On Humanitarian Efforts https://t.co/Tz5Jrcn8Fn

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CryptoCurrency News: Polish Regulators Warn Banks and Consumers on Cryptocurrency Risks

Poland's central bank said today that investors and banks should avoid dealing with digital currencies like bitcoin and ether.

Source

via CoinDesk

CryptoCurrency News: PBoC Advisor: Government Should Mandate ICO Disclosure Standards

Regulators must mandate a standard for information disclosure amidst the recent spate of ICOs, an advisor to China's central bank said this week.

Source

via CoinDesk

CryptoCurrency News: Mizuho Completes Blockchain Trade Finance Trial

Japanese banking group Mizuho has released the results of a blockchain experiment focused on trade finance.

Source

via CoinDesk

CryptoCurrency News: Who Watches Bitcoin's Watchmen? Scaling's Great Game of Egos

Miners, startups, developers. CoinDesk editor Pete Rizzo takes a look at the cast of characters behind bitcoin's escalating scaling debate.

Source

via CoinDesk

[FOREX NEWS] Canada gains a whopping 45.3K jobs – USD/CAD crashes

Yet another excellent jobs report from Canada: 45.3K jobs gained. USD/CAD is falling to 1.2915, also moving on the weak US jobs report. Canada was expected to report a gain of around 10K jobs in June, after a whopping leap of 54.5K back in May. The unemployment rate was expected to remain unchanged at 6.6%. [...]

The post Canada gains a whopping 45.3K jobs – USD/CAD crashes appeared first on Forex Crunch.

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[FOREX NEWS] Non-Farm Payrolls beats with 222K, wages miss with 0.2%

The US was expected to report a gain of around 180K jobs in June, with an unemployment rate of 4.3%. More importantly, wages carried expectations of 0.3% m/m after 0.2% last time. Y/y, wages rose by 2.5%, stuck. NFP Preview: jobs distraction could be an opportunity to trade the wage data — more coming June [...]

The post Non-Farm Payrolls beats with 222K, wages miss with 0.2% appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: Life After Coinbase: Can Charlie Lee Keep Litecoin's Revival Alive?

Having left his job at cryptocurrency startup Coinbase, Charlie Lee has big plans to popularize his cryptocurrency creation, litecoin.

Source

via CoinDesk

CryptoCurrency News: UN Denies Involvement in Green Blockchain Project EcoBit

The United Nation has denied claims that it was involved in a Malaysian environmental blockchain project called EcoBit, according to reports.

Source

via CoinDesk

CryptoCurrency News: Killing 'Cryptocurrency': Why It's Time to Retire the Term

A crypto fund manager argues that the term "cryptocurrencies" is now outdated, proposing another term to match the shifting use of the technology.

Source

via CoinDesk

CryptoCurrency News: Thomson Reuters Seeks Blockchain Startups for New Incubator Program

Media and information giant Thomson Reuters is looking to include distributed ledger and cryptocurrency startups in its new incubation program.

Source

via CoinDesk

[FOREX NEWS] GBP/USD falls on weak trade, manufacturing data

The UK trade deficit came out at 11.8 billion, worse than 10.8 billion expected. In addition, the previous figure was revised to the downside. Industrial output dropped by 0.1% m/m, worse than 0.4% expected. Year over year, production is down 0.2% against 0.2% expected. Manufacturing is down 0.2% instead of 0.5% predicted. Year over year, [...]

The post GBP/USD falls on weak trade, manufacturing data appeared first on Forex Crunch.

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[FOREX TIP] Top 5 Most Predictable Currency Pairs for Q3 2017

The second quarter of the year saw a lot of changes to the markets, both in terms of monetary policy as well as politics. The U.S. Federal Reserve hiked interest rates by 25 basis points at the meeting in June. The central bank also signaled one more rate hike for the remainder of the year.

Top 5 Most Predictable Currency Pairs for Q3 2017

The Fed is also now expected to begin unwinding its balance sheet, which is expected to happen at a rate of $10 billion per month. On the political side of things, the UK’s general elections were held in June. The calculated move by the UK Prime Minister Theresa May saw the Conservatives party not quite getting a majority that was needed (and hoped for) in the parliament. Despite being the largest party, the Tories have had to enter into alliance with other smaller parties.

This potentially makes the alliance fragile as the UK and EU have begun the Brexit talks. The final week of June was of course quite volatile with most of the central bankers suddenly turning hawkish. This included ECB’s Mario Draghi, BoC’s Poloz and the Bank of England Governor, Mark Carney.

#1. Gold

Gold prices are likely to remain within the range of 1300 and 1215. In the last quarter’s report we expected gold prices to slip towards the 1160 – 1143 support level. However, with the minor support at 1215 holding, prices remained rather flat. Gold prices will no doubt be influenced by the central bank policies and of course inflation as well.

Gold prices could stay flat, but overall bias is to the upside

Technically, the upside is likely to prevail, but in the event of a breakdown below 1215, we can expect to see further downside to 1160 – 1143 support level. Watch for the resistance at 1309 – 1323 which will be key for the gold prices as it would signal a bullish continuation. There is also the potential inverse head and shoulders pattern that is forming in gold on the monthly chart. This puts the upside target in gold to nearly $1500, but it is likely that this could occur over the next two quarters if not more. Therefore, it is recommended to potentially look to buy gold at levels near 1200 – 1160.

#2. WTI Crude Oil

Crude oil prices have been steadily posting a decline for the past four months after price briefly tested the $50 handle. Notice the potential inverse head and shoulders pattern that is forming here in the process. The neckline resistance is slightly inclined, suggesting that the right shoulder is currently forming a dip.

WTI Crude Oil potentially forming an inverse head and shoulders pattern

Support is seen at the 41.60 region, which would be ideal to purchase oil contracts. In the event that price rallies, we could see a possible breakout from the inclined neckline resistance level. This will put the upside towards $75 a barrel target.

 

 

#3. NZDUSD

NZDUSD dipped to an 11-month low in May, falling to 0.6816. Price action however posted a strong recovery thereafter pushing to the upside. The monthly candlestick for May formed a bullish candlestick pattern as a result. For July, the bullish momentum continued to the upside.

Resistance is seen at 0.7311 where price action is currently testing this level. A breakout above this resistance is required for NZDUSD to extend the gains further to the upside. However, considering that this level previously served as support and is now turning as resistance, the level is quite strong. Therefore, there is a potential for a short term pullback in the NZDUSD currency pair.

NZDUSD – Expect a short term decline in prices

With the RBNZ currently keeping monetary policy on hold, there are expectations that the NZD could be jawboned if the exchange rate continues to appreciate strongly. Therefore it is ideal to sell NZDUSD at the current resistance level with the potential for a short term decline in prices.

#4. EURUSD

EURUSD dipped to the 1.0609 – 1.0554 level of support as mentioned in the previous quarter. Price action quickly pushed higher thereafter. EURUSD also broke past the upper resistance levels at 1.0977 – 1.0920. This was followed by a breakout to the upside at 1.1297 as well. EURUSD is seen trading comfortably above the $1.1300 handle. However, most of the gains have come from market expectations and hawkish signals from central bank officials.

 

EURUSD is at risk of a correction

In the near term watch for resistance failure at the price zone of 1.1242 – 1.1300. A reversal here will signal a decline towards 1.0977 where support will need to be established. The pullback to this support will offer a good level for EURUSD buyers to take long positions in the market as a result.

 

#5. EURJPY

EURJPY broke out from the range of 118.45 – 110.79 and after a brief decline, price action continued to push higher. Currently, EURJPY is seen testing the resistance level at 128.93 – 126.77. A breakout above this resistance level will see EURJPY extend the gains to the upside.

In the near term watch for EURJPY to post a decline to the support level at 123.91. This pullback will establish support following the previous resistance level and will potentially prepare EURJPY for further upside in prices.

EURJPY – Watch for pullback to 123.91

Therefore, it would be ideal to take long positions near the support level at 123.91 as we expect to see EURJPY continue to push higher. However, this warrants caution as EURJPY could pose the risk of posting a steeper decline to re-test the lower support at 118.45.

Hopefully you found this list to be useful. If we have enough comments, we will continue with this list every quarter. 2017 will be awesome for all of us and we wish you a wonderful year ahead with us.

The post Top 5 Most Predictable Currency Pairs for Q3 2017 appeared first on Advanced Forex Strategies.

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