
The 58 billion yen worth of XEM tokens are on the move, according to the NEM Foundation, but no attempt to sell them on exchanges has been made.
via CoinDesk
The Federal Reserve makes its first decision for 2018 which will be the last one for outgoing Fed Chair Janet Yellen. No rate hike is expected in this meeting which does not consist of a press conference nor new forecasts. The FOMC does not like to rock the boat, but markets can always overreact to [...]
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NZDUSD has been on a consolidation after being very Bullish on the H4 chart. The pair seems to be waiting to find its route. However, today’s price action has been Bullish as far as intraday charts are concerned. Today’s two consecutive H4 candles have been Bullish. Moreover, one of them made a breakout at a significant level of intraday resistance. Thus, the pair might offer us a long entry later today. Let us have a look at the H1 NZDUSD chart.
NZDUSD Price Action Analysis – 31st Jan 2018
Have a look at the level of 0.73540. This was a higher high of the last swing high. This level has been broken by an H4 candle today. The price has been Bullish after the breakout. If the price comes back to the breakout level and produces an H1 Bullish Engulfing Candle right at the level of 0.73540, then buying the pair would get us some green pips. Let us have a look at the summary of the trade…
The USD has some high impact news events to face today. Especially the FOMC statement is one big news event, which has to be counted by the traders. I would recommend that the traders should come out with their intraday entries at least 30 minutes before the news event takes place. The FOMC statement is to take place at GMT 20.00. This means intraday positions should be taken out at GMT 19.30. Trade safe.
The post NZDUSD Price Action Analysis – 31st Jan 2018 appeared first on Advanced Forex Strategies.
Stock markets have been on the up and up, setting new records and getting the appraisal from US President Donald Trump. The most recent rally in markets is accompanied to the synchronized global growth and has also seen a “risk on” environment which saw funds flowing out of the US dollar, contributing to the downfall. Yet [...]
The post First it was Apple X, then the new healthcare giant – is the bear market here? appeared first on Forex Crunch.
AUDJPY had a long consolidation on the H4 chart. Today the pair produced a huge H4 Bearish candle and the price came out from the consolidation. This means if we get an H4 inside bar and an H1 Bearish Engulfing Candle, then selling the pair would get us some green pips. Let us have a look at the H1 AUDJPY chart.
AUDJPY Price Action Analysis – 30th Jan 2018
Have a look at those huge H1 Bearish candles. One of them made a breakout at 87.870. Apparently, this has been an H4 breakout as well. Now, this resistance level has to be held by an H4 candle. If the current H4 candle is held and we get an H1 Bearish Engulfing Candle at the level of 87.870, then the price would reach the level of 87.200 without having that many pauses. Let us have a look at the summary of the trade.
None of the currency of this pair has any high impact news event today. This means the pair would not have any uncertain volatility today. This is another reason that the technical traders would be more interested to trade on this pair. Moreover, the breakout H4 candle looks very solid. So far, all the equations suggest that the pair might offer an entry as far as the H1 chart is concerned. Now, all we have to wait for is the corrective H4 candle. Let us wait and see whether we get that to go short on the pair today.
The post AUDJPY Price Action Analysis – 30th Jan 2018 appeared first on Advanced Forex Strategies.
Robust growth continues in Europe: 0.6% q/q as expected. This comes on top of 0.7% in Q3. Year over year, the 19-country currency bloc saw a growth rate of 2.7%. The data for Q3 was revised to the upside, adding to the oomph. This is the first estimate that does include Germany, the largest economy. [...]
The post Euro-zone Q4 GDP rises 0.6% as expected – EUR/USD looks strong appeared first on Forex Crunch.
The Spanish economy grew by 0.7% as expected. Year over year, there is a minor miss: 3.1% instead of 3.2% expected, but this is still quite an impressive growth from the fourth-largest economy in the euro-zone. EUR/USD still suffers from the ongoing greenback comeback and trades around 1.2340. It is important to note that other [...]
The post EUR/USD: Spain and France look good – EUR/USD to recover? appeared first on Forex Crunch.
The pound remains under pressure. GBP/USD is already over 300 pips below the peak of 1.4345 that was seen last week. Sterling was the big winner last week, taking full advantage of the US dollar weakness, and now it is one of the biggest losers. Update: the pressure mounted and GBP/USD fell below the round [...]
The post GBP/USD dips under 1.40 amid growing Brexit chatter appeared first on Forex Crunch.
Last week was all about US dollar weakness and a not-so-serious jawboning from the ECB. EUR/USD took advantage of the US dollar weakness. It then extended its gains as Draghi’s words about the exchange rate weren’t strong. In addition, he offered absolutely no news about the next steps of the ECB beyond the current QE [...]
The post EUR/USD suffers from taper talk, USD recovery – it may be temporary appeared first on Forex Crunch.