CryptoCurrency News: Coinbase's New NYC Office to Hire 100 in Wall Street Crypto Push

Crypto industry unicorn Coinbase has aggressive growth plans for its newly opened New York office, which caters to institutional clients.

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[FOREX TIP] GBPUSD Weekly Forex Forecast – 17th to 21st Sept 2018

GBPUSD Weekly Forex Forecast – 17th to 21st Sept 2018

The GBPUSD has made a significant advancement above the big psychological number 1.3000. The weekly close above the big round number is suggesting that in the short-term the bulls are in control. However, the bearish trend that has started since April high is still intact and a daily break and close below 1.3000 can resurrect the downside. On the upside, the next resistance level comes at 1.3170 and with the stochastic indicator already in oversold territory we can expect the bulls to show up again anytime soon.

On the downside, we should mention the intraday support level 1.3044 where the price can stall. A break and a close below 1.3000 will open the door for a retest of the 1.2955. The UK economic calendar doesn’t look filled with many risk events that can disrupt the volatility. On Wednesday the CPI inflation data is the only risk event that has the potential to cause some volatility. Thursday, traders should keep an eye on the Retail sales data, which should provide further clarity to the price action.

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[FOREX TIP] AUDUSD Weekly Forex Forecast – 17th to 21st Sept 2018

AUDUSD Weekly Forex Forecast – 17th to 21st Sept 2018

The AUDUSD has found support at the 0.7080 level and manage to erase the previous week losses. As long as we trade above the 0.7080, the Aussie should see more strength and a deeper correction. The weekly close below the former resistance level 0.7200 has shown that the bulls are lacking power. We need a daily break and close above 0.7200 in order for Aussie to see a deeper retracement.

The stochastic indicator doesn’t show any extreme readings so we can’t expect for a major move. For the current bearish trend to be considered done, we really need a close above the big psychological number 0.7500 which right now is still too far away. The Australian economic calendar has some big risk events scheduled to be released during the upcoming week. On Tuesday, the RBA Meeting’s Minutes will give further clarity to the price action. On Wednesday the RBA Assistant Governor Kent is scheduled to speak, while on Thursday we have the RBA Bulletin.

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[FOREX TIP] USDCAD Weekly Forex Forecast – 17th to 21st Sept 2018

USDCAD Weekly Forex Forecast – 17th to 21st Sept 2018

The USDCAD bulls managed to defend again the big psychological number 1 .3000 and we have posted a weekly close above this key support level. But since the stochastic indicator is already showing an overbought reading we can expect another test of this big round number and possible, we can also see a brief breakout underneath 1.3000 before the bulls to show up again. Only a daily break and close below 1.3000 can signal a change in the trend and a possible retest of the 1.2920 support level.

On the upside, the first level of interest comes at the resistance level 1.3070. A daily break and close above will open up the door for a retest of the next resistance level that can be found at 1.3220 level. In terms of risk events, we can mention the BOC Review scheduled to be released on Thursday and on Friday that Canadian CPI inflation data has he potential to produce some volatility. The ongoing NAFTA negotiation between the US and Canada have also the potential to cause some volatility.

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[FOREX TIP] USDCHF Weekly Forex Forecast – 17th to 21st Sept 2018

USDCHF Weekly Forex Forecast – 17th to 21st Sept 2018

Fundamentals Outlook
The week ahead will see a mix of both economic and monetary policy drivers pushing the markets. In the Eurozone the final inflation figures will be due on Monday for the month of August. The main highlight of the week will be the Bank of Japan’s monetary policy meeting that is due on Wednesday. No changes are expected from the BoJ which tweaked its policy just recently by pushing back the inflation target timeline. This is followed up a day later by the Swiss National Bank’s monetary policy meeting. The SNB is expected to keep the 3-month LIBOR unchanged at this week’s meeting as well. However, we can anticipate some changes in the near term especially with the ECB tightening its policy. From the U.S. the economic data covers mostly the housing markets. Given the recent decline in home sales the housing starts and building permits will give a glimpse into the construction activity in the sector.

Chart set up: The USDCHF currency pair attempted to rally following the initial test of support at 0.9659 level. However, the U.S. dollar eased pushing USDCHF back to the support level as a result. By Friday’s close, price action managed to rebound slightly.

Key support/resistance levels:
Support: 0.9659; Resistance: 0.9803

Commentary:
The USDCHF currency pair marked a second week of trading flat. The two weekly consecutive doji candlestick patterns indicate a possible reversal in the short term decline. Price action could most likely struggle to break the falling trend line. However, with the support level holding for now, we expect to see some short term upside in the currency pair. For the week ahead, USDCHF is expected to be bullish.

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[FOREX TIP] USDJPY Weekly Forex Forecast – 17th to 21st Sept 2018

USDJPY Weekly Forex Forecast – 17th to 21st Sept 2018

Fundamentals Outlook
The week ahead will see a mix of both economic and monetary policy drivers pushing the markets. In the Eurozone the final inflation figures will be due on Monday for the month of August. The main highlight of the week will be the Bank of Japan’s monetary policy meeting that is due on Wednesday. No changes are expected from the BoJ which tweaked its policy just recently by pushing back the inflation target timeline. This is followed up a day later by the Swiss National Bank’s monetary policy meeting. The SNB is expected to keep the 3-month LIBOR unchanged at this week’s meeting as well. However, we can anticipate some changes in the near term especially with the ECB tightening its policy. From the U.S. the economic data covers mostly the housing markets. Given the recent decline in home sales the housing starts and building permits will give a glimpse into the construction activity in the sector.

Chart set up: The USDJPY currency pair broke the resistance level of 111.55 last week. Price action is seen rising gradually to the next main resistance level of 112.27. Any declines could be stalled near the support at 111.55. A retest of support at this level which served as resistance could indicate further gains.

Key support/resistance levels:
Support: 111.55; Resistance: 112.77

Commentary:
The USDJPY currency pair closed last week with strong gains. Price action on Friday managed to close with a bullish engulfing pattern. This indicates a near term pullback ahead of price testing the next resistance level of 112.27. A decline back to 111.55 to form support could validate this view.The Bank of Japan’s monetary policy meeting will be the main catalyst for the USDJPY currency pair this week. The global risk sentiment could also determine the flows in the currency pair. For the week ahead, the USDJPY currency pair is expected to be slightly bullish.

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[FOREX TIP] EURUSD Weekly Forex Forecast – 17th to 21st Sept 2018

EURUSD Weekly Forex Forecast – 17th to 21st Sept 2018

Fundamentals Outlook
The week ahead will see a mix of both economic and monetary policy drivers pushing the markets. In the Eurozone the final inflation figures will be due on Monday for the month of August. The main highlight of the week will be the Bank of Japan’s monetary policy meeting that is due on Wednesday. No changes are expected from the BoJ which tweaked its policy just recently by pushing back the inflation target timeline. This is followed up a day later by the Swiss National Bank’s monetary policy meeting. The SNB is expected to keep the 3-month LIBOR unchanged at this week’s meeting as well. However, we can anticipate some changes in the near term especially with the ECB tightening its policy. From the U.S. the economic data covers mostly the housing markets. Given the recent decline in home sales the housing starts and building permits will give a glimpse into the construction activity in the sector.

Chart set up: The EURUSD advanced to highs of 1.1718. The rally to this level marked a retest of the highs from August 28. However, the currency pair retreated by Friday falling back to 1.1627. The rally came after price action broke past the resistance level noted last week.

Key support/resistance levels:
Support: 1.1627; Resistance: 1.1718

Commentary:
The overall trend in the EURUSD remains mostly flat. Despite the rally breaking past the resistance level, the common currency was seen easing back on the gains. However as support is now being formed at 1.1627 which previously served as resistance, we expect to see the potential for further gains. As the EURUSD marks higher lows and highs with higher support levels being established, we anticipate a change in the trend gradually. As long as the support at 1.1627 holds, the euro could be seen attempting to break past the new resistance level of 1.1718. This could see price extending the gains toward 1.1900 level. To the downside, if the common currency fails near the support, we expect a move back to the previous range. For the week ahead, the EURUSD is expected to be flat.

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CryptoCurrency News: Grin Is Hard Forking Every Six Months to Keep ASICs Off the Network

Amid crypto's war on ASICs, the Grin community is taking a new approach – shut them out for a limited time with consistent hard forks.

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