[FOREX TIP] USDCHF Weekly Forex Forecast – 2nd to 6th July 2018

USDJPY Weekly Forex Forecast – 2nd to 6th July 2018

Technical Outlook: The USDCHF currency pair posted a reversal back near the resistance area of 1.00 – 0.9979 region. The declines off this level saw the currency pair falling back to the lower support region of 0.9894. With the 4-hour Stochastics currently near the oversold level, there is a possibility that USDCHF could post a modest rebound. However, price action is expected to remain within this range in the near term. A breakout below 0.9894 could trigger declines down to 0.9821.

Fundamental Outlook: Data from Switzerland remains broadly quiet with only the manufacturing PMI, retail sales and the unemployment rate reports coming out this week. None of the reports are expected to make any big impact in the currency markets. On the other hand, data from the U.S. will see the release of the key economic indicators which includes the ISM’s manufacturing PMI as well as the monthly payrolls report which could influence the currency pair for the week ahead.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 2nd to 6th July 2018

The post USDCHF Weekly Forex Forecast – 2nd to 6th July 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDJPY Weekly Forex Forecast – 2nd to 6th July 2018

USDJPY Weekly Forex Forecast – 2nd to 6th July 2018

Technical Outlook: The USDJPY currency pair was seen rallying back to the resistance level area of 110.91 – 110.66 region. Despite the rebound, we expect to see price action being muted at this level. There is a high likelihood that price action could fall back to the support level at 109.97 in the near term. Further declines could push USDJPY down to the lower support at 109.14 region. To the upside, an unlikely breakout above 110.91 could trigger further gains toward 111.00.

Fundamental Outlook: The week ahead will mark the start of the third quarter of the year. Data from Japan will see the release of the quarterly Tankan manufacturing and non-manufacturing surveys. Data from the second quarter showed that activity across both the sectors had fallen somewhat. The data for the quarter ahead is expected to show somewhat subdued levels especially with the heightened uncertainty surrounding the global trade wars.

 Previous USDJPY Weekly Forex Forecast

USDJPY Weekly Forex Forecast – 2nd to 6th July 2018

The post USDJPY Weekly Forex Forecast – 2nd to 6th July 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] EURUSD Weekly Forex Forecast – 2nd to 6th July 2018

EURUSD Weekly Forex Forecast – 2nd to 6th July 2018

Technical Outlook: The EURUSD currency pair was seen posting a rebound off the lows near 1.1540 last week. Price action managed to break past the minor falling trend line as a result which signals an upside correction in price. With the next main resistance level sen at 1.1848 – 1.1825, the EURUSD currency pair is expected to likely extend the gains to the upside. To the downside, the declines are likely to be limited by the falling trend line which could act as a dynamic support level.

Fundamental Outlook: Economic data from the Eurozone is packed for the week ahead with the new trading month coming up with the monthly manufacturing and services PMI. Flash estimates showed that activity remained broadly subdued from the month before. The forward looking indicators are expected to show that the economic activity in the Eurozone remained more or less advancing at the same pace. This could potentially dent the sentiment in the markets about a rebound in the Eurozone economy following a slowdown in the first quarter.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 2nd to 6th July 2018

The post EURUSD Weekly Forex Forecast – 2nd to 6th July 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: VeChain Arrives: What to Know About the $1.5 Billion Blockchain for Business

After amassing more than $1 billion in investment, the VeChain blockchain is officially operational, marking the latest milestone for the project.

via CoinDesk

CryptoCurrency News: Below $0.50: XRP Prices Fall to New 2018 Lows

XRP and other well-known crypto assets are sitting on dangerous grounds as they print new price lows not seen since 2017.

via CoinDesk

CryptoCurrency News: Tron's Election Is Underway, But Who's In Control of the $2 Billion Code?

Tron is in the process of electing "super representatives," but who's behind the wheel until the votes are in?

via CoinDesk

CryptoCurrency News: Startup Raises $600K to Build Bitcoin Cash Mobile Wallet

CoinText.io,a blockchain startup developing a way of conducting offline bitcoin cash transactions, closed a $600,000 seed funding round.

via CoinDesk

CryptoCurrency News: Huobi Partners With JD Cloud to Explore Blockchain Tech Applications

JD Cloud has signed a partnership contract with Huobi to conduct research in several fields related to cloud computing and blockchain technology.

via CoinDesk

CryptoCurrency News: Tether Code 'Flaw' Was Actually an Exchange Integration Error

A suspected vulnerability in Tether's code for its USDT stablecoin has been confirmed as an exchange integration issue, not a protocol bug.

via CoinDesk

CryptoCurrency News: Polish Bitcoin Association Challenges Banks Over Crypto Account Refusals

An industry group in Poland is attempting to challenge banks that have allegedly denied services for firms working with cryptocurrencies.

via CoinDesk

CryptoCurrency News: Major Banks, Regulators Trial 'Know Your Customer' App on R3's Corda

Around 40 participants have trialed a "self-sovereign" know-your-customer application that gives customers more control over their data.

via CoinDesk

CryptoCurrency News: Keeping Ethereum's Promise: CryptoKitties Is Embracing Open-Source

By moving to open-source more of the CryptoKitties codebase, the ethereum-based startup is making its project more of a true decentralized app.

via CoinDesk

CryptoCurrency News: Alibaba Seeks to Eliminate Middlemen in Blockchain Payments Patent

A new patent filing reveals Chinese e-commerce giant has been exploring the use of blockchain technology to speed up international payments.

via CoinDesk

CryptoCurrency News: Bitcoin Price Risks Further Drop After Close Below $6K

Bitcoin could drop to fresh 2018 lows below $5,755, having closed below the key support of $6,000 yesterday.

via CoinDesk

CryptoCurrency News: Mobiles Next? Kaspersky Warns on Rapid Spread of Malicious Crypto Miners

Kaspersky Lab says crypto-mining malware is quickly replacing ransomware, warning that mobiles could be the next big target.

via CoinDesk

CryptoCurrency News: Reinsurance Giants Tap Blockchain for Data Transparency Boost

A group of reinsurance giants in China are jointly developing a blockchain system aimed to reduce data disparities in the industry.

via CoinDesk

CryptoCurrency News: Regulator Survey Prompts Concerns Over Public Knowledge of Crypto

Hodling but ignorant? An Ontario regulator is concerned the public still lacks knowledge about crypto and its regulation – even if they own assets.

via CoinDesk