
Filmmaker Seif Elsbei's Twitter account has been hacked, and took on the personas of at least six different cryptocurrency developers and exchanges.
via CoinDesk
The BOC left the interest rates unchanged as widely expected. They expressed caution on raising rates in an otherwise optimistic statement. The USD/CAD jumped to high ground but this may be unjustified and the pair could still turn around. The BOC left the interest rate unchanged at 1.25% as most economists had expected. Markets priced [...]
The post BOC bounce may have been a bit too much for USD/CAD appeared first on Forex Crunch.
The Bank of Canada was expected to leave the interest rate unchanged at 1.25%. NAFTA, oil, mixed signals about the economy, and also worries about housing will star in the event. Governor Stephen Poloz and Deputy Governor Carolyn Wilkins will hold a press conference later on. Join us for a live coverage of the event:
The post BOC Live Coverage – USD/CAD is on the move appeared first on Forex Crunch.
The EUR/USD is on the back foot once again, but ranges are limited. Disappointing euro-zone data continues piling on while US data is mostly positive. The technical picture continues having mixed signs for the pair. The EUR/USD is trading around $1.2365, balanced on the day. The latest blow for the pair came from the downgrade of euro-zone inflation data [...]
The post More ugly data in Europe but EUR/USD is steady as ever appeared first on Forex Crunch.
The Technical Confluences Indicator shows that on its way down, the GBP/USD broke below several important clusters of technical support lines. And at current levels under $1.4200, there are very few support lines to the downside. It was triggered by weak inflation. The pair tumbled nearly 100 pips and took down a dense confluence of levels around $1.4270: [...]
The post The inflation-related GBP/USD collapse may have room to run appeared first on Forex Crunch.
USDJPY seems to have found a strong level of Support on the H4 chart. The price has been Bullish after finding the Support. Moreover, an H4 candle today made a breakout towards the upside. If the price comes back to the breakout level and produces an H1 Bullish Engulfing Candle, then buying the pair would get us some green pips. Let us have a look at the H4 USDJPY chart.
USDJPY Price Action Analysis – 18th April 2018
The level of 107.215 got broken by the last H4 candle. It is time for the price to start having a correction. If the price comes back to the level of 107.215 and produces an H1 Bullish Engulfing Candle, then the price should reach the level of 107.700 without having that many pauses. Let us have a look at the summary of the trade…
USD has a high impact news event today at GMT 15.30. By looking at the chart, it seems that the signal would come much before then the news hour. I assume the signal would come at the last hour of this H4 candle. If not then it would take 2 more H1 candles. By any chance, if we do not get the signal by GMT 12.00, then we would have to wait for the High impact news hour’s volatility to be finished to take the entry. Let us now wait and see whether the signal comes at least 3 hours before then the news hour.
The post USDJPY Price Action Analysis – 18th April 2018 appeared first on Advanced Forex Strategies.
There is a growing talk about the flattening of the yield curve and a potential inversion. Is a recession coming? How can it be played in the foreign exchange market? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses USD/JPY outlook, and thinks that a continuation of the UST curve flattening this week would [...]
The post USD/JPY: At Most Risk If UST Yield Curve Flattens Further Coming Days – Credit Agricole appeared first on Forex Crunch.