CryptoCurrency News: 7 Trends Shaping the Evolving ICO Economy

Regulators may be talking more about ICOs, but the technology is advancing anyway. Here's 7 ways it could change in the weeks and months ahead.

via CoinDesk

CryptoCurrency News: DJ Gareth Emery Wants to Be Crypto Rich (For a Cause)

DJ Gareth Emery has no problem selling out shows. Will he have the same success launching an ICO for his new crypto asset?

via CoinDesk

CryptoCurrency News: Bitcoin Sets Six-Day High Above $9K (Then Dips Again)

The price of bitcoin clocked a six-day high above $9,000 Saturday as the crypto markets continued to show signs of regained poise.

via CoinDesk

[FOREX TIP] USDCHF Weekly Forex Forecast – 12th to 16th Feb 2018

USDCHF Weekly Forex Forecast – 12th to 16th Feb 2018

Technical Outlook: After testing a 2-year low, USDCHF was seen forming a bottom near 0.9258 level. Price action was seen to be consolidating as price lifted from the 2-year low to briefly tested the previously breached support at 0.9455 level which is now acting as resistance. USDCHF posted a decline off this resistance level last week. We expect to see further consolidation taking place at this level in the near term, but the bias is to the upside. Watch for a breakout above 0.9455 level. Clearing this resistance could potentially pave the way for USDCHF to rise to 0.9741 level where resistance can be seen and it likely the next target to the upside.

Fundamental Outlook: A quiet economic calendar from Switzerland this week will focus only on the producer price index and the consumer inflation data. Looking to the data from the U.S. which will be the main driver, the monthly inflation and retail sales numbers will be coming out on Wednesday. Most of the economic data will however focus on the housing data which includes the building permits and housing starts figures. Import prices data will also gain prominence in the context of imported consumer price inflation.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 12th to 16th Feb 2018

The post USDCHF Weekly Forex Forecast – 12th to 16th Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] AUDUSD Weekly Forex Forecast – 12th to 16th Feb 2018

The Aussie has broken below the yearly opening price 0.7793 which is a sign of weakness. If we really want to trade higher we need to hold above the yearly open price. Last week low can be broken because our next important support level is right below it at 0.7730. To the upside the first significant support level is at 0.7800 near the yearly opening price. A daily break and close above will open the door for a retest of the next resistance level 0.7880.

The stochastic indicator has spent quite some time in oversold territory without giving us any reset. The crossover already happened which can be an indication that a retracement is underway. The Australian economic calendar has one major risk event scheduled for this Thursday. The Unemployment rate is expected to inch lower to 5.3% versus 5.5% previous reading while the Australian economy is expected to add more than 25k new jobs.

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 12th to 16th Feb 2018

The post AUDUSD Weekly Forex Forecast – 12th to 16th Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDCAD Weekly Forex Forecast – 12th to 16th Feb 2018

USDCAD Weekly Forex Forecast – 12th to 16th Feb 2018

The USDCAD has retraced some of the previous losses and now is challenging the upside. As long as we remain and trade above the big psychological number 1.2500 we can expect the current bullish run to have more legs to the upside but not before to see another attempt to break lower. On the downside, the first level of support comes at 1.2550 followed by the big round number 1.2500. Only a break below 1.2500 will open the door for more bearish momentum.

The stochastic indicator is already moving away from overbought conditions so in this regard we can see another attempt to retest last week high at 1.2682 before any kind of retracement can be seen. The Canadian economic calendar will not bring any major risk events. On Monday we have the Family Day holiday and on Thursday the BOC member Schembri is due to hold a speech.

Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast – 12th to 16th Feb 2018

The post USDCAD Weekly Forex Forecast – 12th to 16th Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] GBPUSD Weekly Forex Forecast – 12th to 16th Feb 2018

GBPUSD Weekly Forex Forecast – 12th to 16th Feb 2018

The GBPUSD has successfully broken below the big psychological number 1.4000 and has posted a deep close below. We can’t rule out the fact that this is just a retracement because the trend is still up for GBPUSD. Only a break and a close below the current year high can suggest that we’re done for the upside. Moving forward, last week low 1.3763 can provide us with the needed support level for this down move.

However, a break and a daily close below can send GBPUSD to next important support level 1.3650. On the upside the next major resistance only comes at the big round number 1.4000 followed by 1.4045. The stochastic indicator is already in oversold territory so an attempt to bounce can be seen early in the week. The UK economic calendar only has a few major risk events scheduled for the week ahead. On Tuesday the CPI inflation figures are expected to inch lower to 2.9% versus 3% previous reading. On Friday, we also have the UK retail sales which based on the market consensus we should expect a reading of 1.5%.

Previous GBPUSD Weekly Forex Forecast

GBPUSD Weekly Forex Forecast – 12th to 16th Feb 2018

The post GBPUSD Weekly Forex Forecast – 12th to 16th Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDJPY Weekly Forex Forecast – 12th to 16th Feb 2018

USDJPY Weekly Forex Forecast – 12th to 16th Feb 2018

Technical Outlook: The USDJPY has been consolidating near the 108.43 level for the past week. As a result, price action as formed a potential head and shoulders pattern near this support. On Friday, price briefly surged back higher off the support. However, watch for a break down in USDJPY at 108.43 as a close below this neckline support could indicate further declines. We expect that the head and shoulders pattern could push USDJPY towards minimum downside target of 107.32. The downside bias will be invalidated in the event that USDJPY closes above the minor falling trend line near 109.40 level.

Fundamental Outlook: Data from Japan this week will start off with Monday’s producer price index. However, amid a slow week from Japan, the preliminary GDP data for the quarter ending December 2017 will stand out. Japan’s economy has gained the momentum and has risen consistently for the past few quarters. The recent signs of inflation in the economy has also been a boost for the policy makers at the Bank of Japan. A better than expansion in Japan’s GDP could potentially stoke speculation of a more hawkish BoJ later in the first quarter of this year.

Previous USDJPY Weekly Forex Forecast

USDJPY Weekly Forex Forecast – 12th to 16th Feb 2018

The post USDJPY Weekly Forex Forecast – 12th to 16th Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] EURUSD Weekly Forex Forecast – 12th to 16th Feb 2018

EURUSD Weekly Forex Forecast – 12th to 16th Feb 2018

Technical Outlook: The EURUSD posted a steady decline after price action failed to break past the highs of 1.2496 previously. The decline saw the euro currency falling with price likely to extend the declines to the first target level of 1.2070. In the near term, we expect to see a short term pull back in the EURUSD. Any retracements will likely stall near the resistance level that will be formed at 1.2352 – 1.2331. A reversal at this level will suggest further declines in price and could attract new sellers into the market. In the event that EURUSD breaks past this resistance level the downside bias would be invalidated.

Fundamental Outlook: The week ahead from the Eurozone will see only second tier data coming out for the most part. The week starts off with the EU economic forecasts that will be released by the ECB on Monday. Any hawkish forecasts for the Eurozone’s GDP and inflation could bode well for the euro currency. Later in the week, the second revised estimates on the GDP data will be released. No revisions are expected with the Eurozone economy confirmed to rise at a pace of 0.6% in the quarter ending December. Besides the main data points Italy will also be releasing the GDP numbers including Germany.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 12th to 16th Feb 2018

The post EURUSD Weekly Forex Forecast – 12th to 16th Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies