a-ads

Sunday, July 9, 2017

[FOREX TIP] EURAUD Price Action Analysis – 7th July 2017

[FOREX TIP] USDJPY Price Action Analysis – 6th July 2017

CryptoCurrency News: Bitcoin's Price Surge is Making Hobby Mining Profitable Again

As the price per bitcoin increases, more and more people are being lured into hobby mining, which can once again provide ROI.

Source



via CoinDesk

[FOREX TIP] GBPJPY Price Action Analysis – 5th July 2017

[FOREX TIP] NZDUSD Price Action Analysis – 4th July 2017

[FOREX TIP] USDCAD Price Action Analysis – 3rd July 2017

[FOREX NEWS] June NFP: Something For FOMC Hawks And Doves Alike; No Change In Expectations – CIBC

The US enjoyed a gain of 222K jobs but wages remained stuck at 2.5% once again. What’s next? Here is their view, courtesy of eFXnews: CIBC Research comments on today’s US jobs report for the month of June: “US payrolls showed a significant rebound in employment, but still little progress in terms of wage inflation. [...]

The post June NFP: Something For FOMC Hawks And Doves Alike; No Change In Expectations – CIBC appeared first on Forex Crunch.



via Forex Crunch

[FOREX TIP] AUDUSD Weekly Forex Forecast – 10th to 14th July 2017

AUDUSD Weekly Forex Forecast – 10th to 14th July 2017

The AUDUSD is trading near its yearly high level, but it looks indecisive at current price of 0.7600. A break below the big psychological number 0.7500 which is the main support level will for sure switch the pressure to the downside. However a break back above 0.7700 resistance level will put the focus on 0.7750 current yearly high level.

The stochastic indicator is coming of off oversold territory and pointing up, but until either of the mentioned support and resistance level give up the risk remains neutral. A break and a daily close below 0.7500 will open up the door for a retest of the 0.7450 support level while a break above the yearly high 0.7740 can be the catalyst for a big change in the trend. There are no major risk events scheduled on the Australian economic calendar. This means that the AUD/USD exchange rate can be more technical driven.

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 10th to 14th July 2017

The post AUDUSD Weekly Forex Forecast – 10th to 14th July 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] USDCAD Weekly Forex Forecast – 10th to 14th July 2017

USDCAD Weekly Forex Forecast – 10th to 14th July 2017

The USDCAD remarkable continued on its bearish path as speculation over an imminent BOC rate hike has driven investors into buying the Canadian dollar. USDCAD has traded at levels not seen since September 2016. We almost reached our 1.2850 support level from where we can expect a bounce and possible a bigger correction. However, as long as we trade below 1.3000 big psychological number the USDCAD bearish trend remains intact.

The stochastic indicator is not showing yet any signs of extreme oversold readings which means that in the short-term the risk still remains skewed to the downside. A break and a daily close below will most likely face some headwinds and should quickly fade away. The Canadian economic calendar looks heavy with many risk events scheduled. First, we have on Wednesday the BOC interest rate decision which is widely expected to hike rates from a record low of 0.5%. The rate hike is most likely discounted by the price already and any disappointment from BOC to hike rates will most likely trigger some short USDCAD covering.

Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast – 10th to 14th July 2017

The post USDCAD Weekly Forex Forecast – 10th to 14th July 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: Ripple's XRP: Giving the Third-Largest Cryptocurrency a Second Look

Amidst a broader uptick in interest in crypto assets, is XRP worth a look? A long-time bitcoin investor shares his view.

Source



via CoinDesk

[FOREX TIP] GBPUSD Weekly Forex Forecast – 10th to 14th June 2017

GBPUSD Weekly Forex Forecast – 10th to 14th June 2017

The GBPUSD is pulling back and slowly retracing into the previous rally. Last week we moved in a very narrow range but slightly to the downside. Current sell-off looks corrective in nature, but we can still see further downside as long as we trade below the big psychological number 1.3000. The stochastic indicator has only now entered into oversold territory but this is not yet a clear indication of a reversal.

On the downside we have the first major support level at 1.2800 while a break and a daily close below this level will put further pressure and will most likely open up the door for a retest of 1.2700 next support level. On the upside, we only have 1.2930 as intraday resistance, but the real resistance stands at the big round number 1.3000.

The UK economic calendar will bring only medium risk events. On Tuesday the Inflation Report Hearings will be the main risk event followed by the UK Unemployment figures scheduled on Wednesday. On Thursday the Fed Chairwoman Janet Yellen will testify before the Congress. This is a big risk event that has the potential to disrupt the market volatility.

Previous GBPUSD Weekly Forex Forecast

GBPUSD Weekly Forex Forecast – 10th to 14th June 2017

The post GBPUSD Weekly Forex Forecast – 10th to 14th June 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] Weekly Forex News Events for EURUSD – 10th to 14th July 2017

Weekly Forex News Events for EURUSD – 3rd to 7th July 2017

EURUSD had an eventful last week. However, the next week will not have as many events as it had in the last week. Thus, we could assume that the pair will move technically in the coming week. There are still few news events that we need to keep our eyes on. Let us have a look at those.

Wednesday-12th July- 14.00 GMT

  • Fed chair Yellen testifies

This is going to be the first high impact news event for the week. It usually ends up producing long spikes on the intraday charts. Thus, EURUSD traders should be careful with their intraday opened position before this news event.

Wednesday-12th July- 14.30 GMT

  • Crude oil inventories

This news event could create huge volatility since it is related to one of the most important commodities in the financial market. Traders had better wait for this news event to finish and then find out the opportunities to take entries.

Thursday-13th July-14.00 GMT

  • Fed chair Yellen testifies

This will be the 2nd time of this news event to take place at the same time in the next week. Thus, we should deal with it as carefully as we would do on the first occasion.

Friday-14th July-12.30 GMT

  • CPI m/m
  • Core CPI m/m
  • Core retail sales m/m
  • Retail sales m/m

The pair might get very volatile during this new hour as far as intraday charts are concerned. Many traders will take an exit from their position to finish the week off before this new hour. Thus, intraday traders should be sensible with their opened position to deal with this news hour.

The post Weekly Forex News Events for EURUSD – 10th to 14th July 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

bitcoin faucet

Popular Posts