CryptoCurrency News: A Daily Show Comedian Showed Up to Roast an Ethereum Conference

"No one knows what the !@#$ is going on."

via CoinDesk

CryptoCurrency News: Congressional Candidate Vows to Gauge Voter Sentiment With Blockchain

Brian Forde, who is running for the California's 45th district seat in the U.S. House, is pitching himself as the crypto candidate.

via CoinDesk

CryptoCurrency News: Ex-JP Morgan Blockchain Lead Hints at Stealth Startup Vision

One of the most influential people in blockchain is close to unveiling her next move.

via CoinDesk

CryptoCurrency News: At Ethereal Summit, A Human Face On A High-Tech Future

At ConsenSys' Ethereal Summit, the focus was on reaching those people that aren't already a part of the blockchain space.

via CoinDesk

CryptoCurrency News: Blockchain Security Takes Spotlight At NYC Innovation Summit

Blockchain use cases, but also the technologies vulnerabilities, were discussed at length at the CDX Academy's Blockchain forum on Friday.

via CoinDesk

[FOREX TIP] USDCHF Weekly Forex Forecast – 14th to 18th May 2018

USDJPY Weekly Forex Forecast – 14th to 18th May 2018

Technical Outlook: The USDCHF currency pair rallied to highs near 1.0042 before giving up some of the gains by Friday’s close. The price action near this level has turned somewhat flat and could suggest a modest retracement to the downside. USDCHF is likely to be tested the trend line from the price channel which could act as dynamic support. There is also a confluence of the horizontal price level at 0.9894 which together with the trend line could form a strong level of support. In the near term, USDCHF is likely to maintain the gains within the established range.

Fundamental Outlook: Data from Switzerland is quiet with only the producer prices index data on the tap. Most of the flows will be determined by data from the U.S. in the week ahead. The economic calendar from the U.S. is packed started with the retail sales report on Tuesday. Other data over the week covers mostly the housing market with building permits and housing starts data expected to be released over the week.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 14th to 18th May 2018

The post USDCHF Weekly Forex Forecast – 14th to 18th May 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDJPY Weekly Forex Forecast – 14th to 18th May 2018

USDJPY Weekly Forex Forecast – 14th to 18th May 2018

Technical Outlook: The USDJPY currency pair initially consolidated near the 109.14 level before attempting to post some gains. However, this led prices to retest the previous highs near 109.86 and thus marking a double top pattern. The 4-hour Stochastic is currently in the oversold level and we could expect a modest retracement to the upside. However, as long as the highs of 109.86 is not breached, we expect USDJPY to break down below 109.14. In this case, the double top pattern could be confirmed with prices likely to fall to the next main support seen at 107.78 – 107.64.

Fundamental Outlook: Data from Japan for the week ahead is relatively quiet. The preliminary GDP report for the first quarter will be the main data point this week. The Japanese economy has been advancing at a steady pace over the past few quarters. This is expected to continue with the first quarter GDP expected to show an advancement as well. However, the pace of increase is expected to slow especially with the Japanese yen that surged higher during the same period. The higher exchange rate is expected to impact the export businesses which in turn could see a weaker pace of GDP growth.

 Previous USDJPY Weekly Forex Forecast

USDJPY Weekly Forex Forecast – 14th to 18th May 2018

The post USDJPY Weekly Forex Forecast – 14th to 18th May 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] EURUSD Weekly Forex Forecast – 14th to 18th May 2018

EURUSD Weekly Forex Forecast – 14th to 18th May 2018

Technical Outlook: The EURUSD was seen posting a modest rebound last week after prices touched fresh monthly lows near 1.1848. The rebound off the prices comes after the common currency posted a strong decline in the weeks before. The rebound off the support at 1.1848 indicates a near term bottom taking place but price action will need to maintain the gains to confirm this view. The immediate resistance is seen at 1.2000 level which marks a round number resistance level. Currently, the 4-hour chart shows a hidden bearish divergence which suggests that price action could be looking to dip back. In the near term, we expect to see EURUSD testing the price of 1.1870 ahead of potential gains toward 1.2000.

Fundamental Outlook: The economic calendar from the Eurozone gets off a busy start next week starting with the German preliminary quarterly GDP report. Later in the week, the second revised GDP estimates from the Eurozone is expected to be released. Data from the previous week showed that the Eurozone economy advanced 0.4% in the first three months of the year. This was a slower than expected pace of increase compared to 0.6% increase seen during the fourth quarter of 2017. The final inflation report for the month of April will also be coming out this week. Consumer prices in the Eurozone had slowed down for the second straight month and this could potentially upset the ECB’s plans to tighten policy further.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 14th to 18th May 2018

The post EURUSD Weekly Forex Forecast – 14th to 18th May 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies