
Security firm TrendMicro stated in a new report that Google's DoubleClick ad services were used to distribute cryptocurrency mining malware.
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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.
AUDCAD has been within a range on the H4 chart after making a huge Bullish move. The price has made a Double Bottom and has been trying to make an upside breakout. If the breakout takes place, then the buyers would love to push the price to go further up. Let us have a look at the H4 AUDCAD chart.
AUDCAD Price Action Analysis – 29th Jan 2018
Look at the chart here. The price came down after making a new higher high. Then, it made a Double Bottom and started going towards the North again. The level of 1.00050 has been the level of Resistance here. On the other hand, the level of 0.99700 has been the intraday support. The buyers are going to wait to get an H4 breakout at the level of 1.00050. If it does take place, then the price should reach the level of 1.00900 without having that many pauses. Let us have a look at the summary of the trade…
Have you noticed that today’s breakout level is a huge psychological level. It is 1.00000. This means we are eyeing to get a breakout at a level where so many equations are involved. We must be very disciplined with our Stop loss and Take profit level here. This could be the time for the AUD to go higher in price than the CAD. Let us wait and see what actually happens.
The post AUDCAD Price Action Analysis – 29th Jan 2018 appeared first on Advanced Forex Strategies.
The British pound was the biggest winner against the dollar last week. The greenback plunged amid comments endorsing a weak dollar by US Treasury Secretary Steven Mnuchin. Sterling played a game of catch-up with other currencies and also enjoyed a positive comment from French President Emmanuel Macron that hinted towards a softer Brexit deal. Well, [...]
The post GBP/USD tumbles as internal politics take over from external politics appeared first on Forex Crunch.
The Canadian dollar enjoyed a wide range of upbeat economic figures, a rate hike, and also rising oil prices, but its gains were limited. Worries that the North American Free Trade Agreement would be abandoned by the US, kept the loonie back. Last week, the US dollar took another plunge, mostly ignited by Mnuchin’s endorsement [...]
The post USD/CAD awaits verdict on NAFTA – one scenario is more priced in than the other appeared first on Forex Crunch.