CryptoCurrency News: Fund Recovery Is Ethereum's "Defining Moment," Developer Kasireddy Says

Developer Preethi Kasireddy believes what the ethereum community decides to do in terms of fund recovery will be the network's "defining moment."

via CoinDesk

[FOREX NEWS] Forex Weekly Outlook May 7-11 – Did the dollar reach its peak?

The US Dollar enjoyed another week of significant gains, at times defying news that could have turned it around. Can it continue rising or will it correct to the downside? The inflation report stands in a week that also features two rate decisions. Here are the highlights for the upcoming week. The US Non-Farm Payrolls [...]

The post Forex Weekly Outlook May 7-11 – Did the dollar reach its peak? appeared first on Forex Crunch.

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[FOREX NEWS] EUR/USD: Triangle Top Still In Place But Watch For A Scope Of A 6-Days Consolidation – BofAML

EUR/USD fell to the lowest levels since December as the greenback pushed forward and Europe’s economic slowdown seems serious. What’s next? The team at Bank of America looks at the charts. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses EUR/USD technical outlook and maintains the view that the pair has confirmed a [...]

The post EUR/USD: Triangle Top Still In Place But Watch For A Scope Of A 6-Days Consolidation – BofAML appeared first on Forex Crunch.

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[FOREX TIP] USDCHF Weekly Forex Forecast – 7th to 11th May 2018

USDCHF Weekly Forex Forecast – 7th to 11th May 2018

Technical Outlook: The USDCHF currency pair maintained the gains last week. However, the steep rally saw the trend line being breached. Price action in the USDCHF suggested that with a downside retest of the trend line, we expect a near term decline. If the trend line holds out as resistance, then the USDCHF currency pair could be seen posting a correction toward the 0.9894 level of support. With both the major trend line and the horizontal support coinciding at 0.9894, we expect that this support level could hold in the near term. A break down below this level will however signal a move toward 0.9821.

Fundamental Outlook: Economic data from Switzerland will be limited this week only to the unemployment rate and the monthly inflation figures. Consumer prices have remained broadly stable over the past few months and it is the same with the unemployment rate as well. Data from the United States will dominate the headlines however. The monthly producer prices and consumer price index data will be coming out over the week followed by the University of Michigan’s inflation expectations and consumer sentiment reports.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 7th to 11th May 2018

The post USDCHF Weekly Forex Forecast – 7th to 11th May 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] USDJPY Weekly Forex Forecast – 7th to 11th May 2018

USDJPY Weekly Forex Forecast – 7th to 11th May 2018

Technical Outlook: The USDJPY currency pair was seen testing fresh highs last week as price briefly rallied to highs above 109.96. However, the rally faded as price action quickly posted declines. The close below 109.14 and a prompt retest of this level indicates that the upside momentum may be slowing. In the near term, USDJPY could be seen consolidating at the currently levels. Unless we see a strong close above 109.14 and a potentially new high being formed, the USDJPY currency pair could post a corrective decline toward 107.77 – 107.63 level where support is most likely to be tested.

Fundamental Outlook: After a rather quiet week from Japan, the week ahead will starts off with the household spending data. The household spending data will give more details into the spending outlook on the consumer side. This marks an important data point that could feed into how inflation progressed in April. The average cash earnings rate is also another important economic release that could influence the inflation outlook for Japan. Most of the other economic releases include minor data points such as the current account and the preliminary machine order tools.

 Previous USDJPY Weekly Forex Forecast

USDJPY Weekly Forex Forecast – 7th to 11th May 2018

The post USDJPY Weekly Forex Forecast – 7th to 11th May 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] EURUSD Weekly Forex Forecast – 7th to 11th May 2018

EURUSD Weekly Forex Forecast – 7th to 11th May 2018

Technical Outlook: The EURUSD extended the declines for the second week as price action fell to fresh 5-month lows on an intraday basis. The EURUSD was seen testing the lows of 1.1952 before pulling back to close at 1.1962. Minor resistance is seen at 1.2000 level. We expect to see a correction in the EURUSD especially after the 4-hour Stochastic oscillator is currently posting a higher low. This bullish divergence will be validated on a close above 1.2000 in which case we expect the EURUSD to post a correction toward 1.2200 level. To the downside, the declines are likely to be limited at the current level.

Fundamental Outlook: Economic data from the Eurozone for the week ahead is quiet with only second tier data on the tap. The week starts off with the German factory orders. The data could be important for investors who would like to assess if there has been a continued decline in the economic activity in the Eurozone’s largest economy. The Eurozone retail PMI report is also due on Monday. Mid-week, the Eurozone Sentix investor confidence data will be reported and this could once again hold clues on the business outlook for the region. The main highlight of the week will of course be the European Commission’s economic forecasts and the ECB’s meeting minutes.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 7th to 11th May 2018

The post EURUSD Weekly Forex Forecast – 7th to 11th May 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: Code Is Law - But It's Not the Only Law for Blockchains

It's the combination of internal and external rules that ultimately dictates how blockchain-based platforms will operate, says Primavera De Filippi.

via CoinDesk