
Blockchain governance is getting a shake-up by a forthcoming blockchain created by one of the co-founders of ethereum.
via CoinDesk
The new Fed Chair Jerome Powell is set to raise rates in his debut in the job. The bigger question is: will they also upgrade the dot-plot? Are they optimistic about the economy and inflation? And what message will Powell convey in his first press conference? Join Valeria Bednarik and me for a live coverage [...]
The post Powell’s First Play – Fed Live Coverage appeared first on Forex Crunch.
The pound rode higher on the news of a transition Brexit deal, albeit leaving open issues such as the Irish border. Here is their view, courtesy of eFXnews: BTMU Research discusses GBP/USD outlook in light of this week’s Brexit transition deal and thinks that it confirms being a medium-term GBP bull, while risk-averse conditions are negatively [...]
The post GBP/USD: Brexit Deal Confirms Further Gains M-Term But Risk-Averse A Dampener N-Term – BTMU appeared first on Forex Crunch.
USDCAD took a strong Bull ride last week. From the beginning of the current week, the price has been Bearish. The last week’s resistance has been held and we have seen some strong H4 Bearish candles. The first two H4 candles came out as strong Bearish candles as well. One of them made a breakout at the yesterday’s lower low. This means there is a good chance that the pair might offer us a short entry later today. Let us have a look at the H4 USDCAD chart.
USDCAD Price Action Analysis – 21st Mar 2018
Have a look at today’s H4 candles. One of them made a breakout at the level of 1.30440. The current H4 candle seems to make a correction as well. If the price goes to the breakout level and produces an H1 Bearish Engulfing candle, then selling the pair would get us some green pips. Let us have a look at the summary of the trade.
The risk and reward ratio is 1:1 here. However, this is one of the best trade setups comparing to the other pairs. Now the main thing we have to wait for is that the current H4 candle is held by the breakout level and then the H1 signal candle. If both of these things take place, then I assume that the price would hit our target level at a very good pace. Meanwhile, let us be patient and keep our eyes on the pair.
The post USDCAD Price Action Analysis – 21st Mar 2018 appeared first on Advanced Forex Strategies.
The Federal Reserve is set to raise interest rates and also hint of the next moves. What is priced in? What does it mean for EUR/USD? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch Research discusses the USD outlook around the FOMC meeting on Wednesday and flags upside risk for the USD. [...]
The post FOMC Risk Is Skewed USD Bullish; Could Trigger EUR/USD Decline Into 1.20 – BofAML appeared first on Forex Crunch.