
Canadian police are looking for two armed robbery suspects, having arrested one after an attempted heist at cryptocurrency exchange Canadian Bitcoins.
via CoinDesk
Mnuchin’s comment that “a weak dollar is good for the US” added fuel to the fire that was already burning: the fire-sale of the US dollar. In addition, with Trump’s “America First” agenda and the tough trade stance, a weaker dollar certainly seemed to be the clear interest of this administration. But saying it out [...]
The post USD extends its free-fall: EUR/USD conquers 1.24, GBP/USD well above 1.42 appeared first on Forex Crunch.
The US Treasury Secretary Steven Mnuchin said that a weak dollar is good for the United States. This statement, a clear shift from the declarations from his predecessors during long decades. The initial reaction was a sell-off across the board, with new highs for most currency pairs against the dollar. And after the first round [...]
The post A weak dollar is good for EUR, GBP and CAD appeared first on Forex Crunch.
USD/JPY was already under pressure on the US dollar’s ongoing weakness since late in 2017. The greenback came under fresh pressure as US President Trump slapped tariffs on solar panels and washing machines. The prospects of a trade war, joining on the worries about NAFTA, weighed. During the Tokyo session, the pair slipped under 110, [...]
The post Steven Slide: USD/JPY deep dives under 110 thanks to Mnuchin appeared first on Forex Crunch.
We wrote that all the conditions for an ascent of the Aussie were in place. The excellent Australian jobs report, coupled with upbeat Chinese GDP and a synchronized global growth cycle sent AUD/USD to struggle with 0.80. Yet another bout of dollar weakness was needed to push the Aussie to a comfortable position above 0.80. [...]
The post AUD/USD breaks another resistance level thanks to Mnuchin appeared first on Forex Crunch.
— more coming The UK was expected to report a small gain in the number of the jobless: 2.3K in December after 5.9K in November. The unemployment rate was projected to remain unchanged at 4.3%. Most importantly, the annual rise in wages carried expectations for rising by 2.5% in November, exactly like in October. GBP/UDS [...]
The post UK wages remain at 2.5%, jobless rise 8.6K – GBP/USD at 1.41 appeared first on Forex Crunch.
more coming
The post Dollar extends falls as Mnuchin endorses weak dollar appeared first on Forex Crunch.
Germany’s manufacturing PMI missed expectations with a 2.1 points drop to 61.2 points. On the other hand, the services PMI jumped by 1.2 points to 57 points. These are mixed figures. EUR/USD is trading at 1.2315, a few pips under the pre-announcement levels, but well within the high range it reached in the Asian session. [...]
The post German PMIs mixed – EUR/USD maintains highs appeared first on Forex Crunch.
GBPCAD has been Bullish on the H4 chart. The price has been heading towards the North by keep making upside breakout. The first H4 candle was a Bullish and the next H4 candle came out as an Inside bar. If the pair produced an H4 Bullish Engulfing Candle and makes another upside breakout, then the pair might offer us a long entry. Let us have a look at the H4 GBPCAD chart.
The level of 1.73800 has been the level of Support here. If this level produces an H4 candle and makes a breakout at 1.74715, then the price would not have any strong level of Resistance on its way up to the level of 1.76100. The best would be an H4 Engulfing candle, and then an H1 breakout here to take the entry. If the H4 Engulfing candle makes the breakout, then we should wait for an H1 Engulfing candle at the breakout level to take the entry. Let us have a look at the summary of the trade…
The GBP has a high impact news event at GMT10.30. This means this H4 candle most probably is going to be the key. I assume the current H4 candle would be a big candle with spikes on both sides. Make sure that the spikes are not too ugly. Too big a spike often creates confusion on traders’ mind.
The post GBPCAD Price Action Analysis – 24th Jan 2018 appeared first on Advanced Forex Strategies.
The European Central Bank’s decision is coming tomorrow and the fresh dollar weakness sent EUR/USD to new three-year highs ahead of the publication. In our preview, we discussed a buying opportunity on the EUR/USD around the ECB. Here are 5 more opinions: Here is their view, courtesy of eFXnews: EUR/USD: 3 Reasons Why Draghi’s Tone [...]
The post Will the ECB send EUR/USD higher or lower? 5 opinions appeared first on Forex Crunch.