CryptoCurrency News: Carney On Eve of G20: Cryptos Don't Pose Risks to Financial Stability

A group of central bank regulators and government ministers said Sunday that cryptocurrencies don't pose a risk to global financial stability.

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CryptoCurrency News: Arizona's Blockchain 'Node Rights' Law Is Nearing Passage

Arizona House Bill 2602, which would protect blockchain node operators from local regulations, was approved by two Senate committees.

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CryptoCurrency News: Intel Thinks Blockchain Could Power a Next-Gen Media Rights Manager

Tech giant Intel has moved to protect a custom system for digital rights management built on a blockchain.

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[FOREX TIP] AUDUSD Weekly Forex Forecast – 19th to 23rd Mar 2018

AUDUSD Weekly Forex Forecast – 19th to 23rd Mar 2018

The Aussie unexpectedly was among the weakest currency against the greenback. The sell off brought the AUDUSD to new lows but since the stochastic indicator is already in extreme oversold territory we can expect early in the week the bearish momentum to fade away. Our next support only comes at 0.7650 but it should take a lot of effort to get back down there. On the upside the only major resistance level comes at the previous support 0.7800 which now should act as resistance.

We have some notable risk events scheduled on the Australian economic calendar. On Tuesday, the RBA Meeting’s Minutes followed by the RBA Assistant Governor Bullock speech are the risk events that trader should pay attention. Last but not least, Thursday will bring the Australian unemployment rate which tends to have high impact on the currency exchange rate.

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 19th to 23rd Mar 2018

The post AUDUSD Weekly Forex Forecast – 19th to 23rd Mar 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] USDCAD Weekly Forex Forecast – 19th to 23rd Mar 2018

USDCAD Weekly Forex Forecast – 19th to 23rd Mar 2018

The USDCAD made a strong move for the bullish case after it has successfully broke above the big psychological number 1.3000. We don’t have any major resistance close to the current price so only a sell off and a daily close below 1.3000 can give the bears another chance to take control of this market.

The stochastic indicator is already in overbought territory so early in the week we won’t be surprised to see the USDCAD take a step back and lose some of the previous gains. On the downside, a daily close below 1.3000 can open the door for a retest of 1.2800 our next significant support level. There are no major risk events coming out from the Canadian economic calendar but from the other side of the monetary policy spectrum we have the Fed interest rate decision which is expected to hike rates for the first time in 2018 from 1.50% up to 1.75%. Thursday we have the BOC Wilkins speech.

Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast – 19th to 23rd Mar 2018

The post USDCAD Weekly Forex Forecast – 19th to 23rd Mar 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] GBPUSD Weekly Forex Forecast – 19th to 23rd Mar 2018

GBPUSD Weekly Forex Forecast – 19th to 23rd Mar 2018

The GBPUSD has once again had a failed attempt to break above the big psychological number 1.4000. The inability to close above the big round number 1.4000 suggests that for the time being we can expect more consolidation. Any rally above 1.4000 should quickly fade away and the 1.4045 resistance level can put a cap to the bullish momentum. On the downside the 1.3770 remains the bottom of the current range which should act as support.

A break and a daily close below our support level can open up the door for a retest of 1.3570 our next significant support level. The stochastic indicator remains in neutral territory which means we don’t have any extreme positioning in the market that might suggest a reversal. On the upside the current yearly high 1.4315 remains the most crucial level for the bears. The UK economic calendar is heavy on major risk events that can disrupt the market volatility. Tuesday the CPI inflation figure is expected to be release. According to the market consensus the annualized inflation rate is expected to inch lower to 2.9% versus 3.0%. Wednesday, we have the Unemployment rate while Thursday the BOE interest rate decision is the highlight risk event of the week. The interest rate policy is expected to remain unchanged.

Previous GBPUSD Weekly Forex Forecast

GBPUSD Weekly Forex Forecast – 19th to 23rd Mar 2018

The post GBPUSD Weekly Forex Forecast – 19th to 23rd Mar 2018 appeared first on Advanced Forex Strategies.

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[FOREX NEWS] GBP/USD: Are GBP Traders Underpricing Downside Risks? – CIBC

The pound has a very busy week with top-tier indicators such as inflation and jobs. Moreover, the BOE decision and the EU Summit on Brexit also promise to be market-moving. Are risks underpriced? Here is their view, courtesy of eFXnews: CIBC Research discusses GBP outlook and advises caution on GBP around current levels. “Call it Brexit-fatigue, [...]

The post GBP/USD: Are GBP Traders Underpricing Downside Risks? – CIBC appeared first on Forex Crunch.

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CryptoCurrency News: Why Banks Are Finally Talking Crypto In Filings

Before crowing, crypto fans should remember companies err on the side of caution when deciding what's material enough to include under "risk factors."

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CryptoCurrency News: 'Programming Blockchain' Will Change How You See Bitcoin

Jimmy Song's Programming Blockchain workshop taught me about a lot more than bitcoin.

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