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Saturday, November 10, 2018
CryptoCurrency News: Sexual Assault Survivor Uses Crypto to Crowdfund Anonymously
Cryptocurrency is helping women who've suffered sexual harassment or assault gain financial independence while protecting their privacy.
via CoinDesk
CryptoCurrency News: Crypto Exchanges Should Take a Hard Look at IP Address-Masking Services
Cryptocurrency exchanges will likely have to reckon with VPN access as part of any regulatory or law enforcement actions for market manipulation.
via CoinDesk
[FOREX TIP] USDCHF Weekly Forex Forecast – 12th to 16th Nov 2018
Fundamentals Outlook
The markets head into a somewhat quiet mode for the week ahead. In the Eurozone, the final inflation report out of Germany and the Eurozone will be coming out. This will be crucial ahead of the next ECB meeting due in December. As long as there are no surprises, the central bank is expected to continue with its policy tightening plans. Data from Japan will stand out with the release of the third quarter GDP data. The preliminary estimates are expected to show that the economy continues to chug along at a modest pace. Other data over the week includes the producer prices index report.
The economic calendar for the Swiss franc is quiet with no major releases lined up this week. A somewhat busy week from the U.S. will see the release of the inflation data. Headline consumer prices are expected to hold steady near the 2.0% inflation target rate set by the Fed. Later in the week, retail sales report will shed light on the state of consumer spending for retail goods for the month of October.
Chart set up: The USDCHF currency pair maintained the gains last week as price action was seen rising to 1.0080 level. This top was previously tested just last week. The failure to break past this resistance level could indicate some consolidation taking place.
Key support/resistance levels:
Support: 0.9951; Resistance: 1.0080
Commentary:
The reversal near the resistance level of 1.0080 signals a modest double top pattern. This could potentially signal a downside breakout. However, the lower support at 0.9951 will be key. A break down below this level could accelerate the declines as USDCHF would embark on a corrective mode. In the short term, we expect the USDCHF to trade within the said levels.
For the week ahead, USDCHF is expected to be flat.
The post USDCHF Weekly Forex Forecast – 12th to 16th Nov 2018 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] USDJPY Weekly Forex Forecast – 12th to 16th Nov 2018
Fundamentals Outlook
The markets head into a somewhat quiet mode for the week ahead. In the Eurozone, the final inflation report out of Germany and the Eurozone will be coming out. This will be crucial ahead of the next ECB meeting due in December. As long as there are no surprises, the central bank is expected to continue with its policy tightening plans. Data from Japan will stand out with the release of the third quarter GDP data. The preliminary estimates are expected to show that the economy continues to chug along at a modest pace. Other data over the week includes the producer prices index report.
The economic calendar for the Swiss franc is quiet with no major releases lined up this week. A somewhat busy week from the U.S. will see the release of the inflation data. Headline consumer prices are expected to hold steady near the 2.0% inflation target rate set by the Fed. Later in the week, retail sales report will shed light on the state of consumer spending for retail goods for the month of October.
Chart set up: The USDJPY currency pair managed to maintain the bullish momentum as price action broke past the resistance level of 112.58. The U.S. dollar closed bullish as the Japanese yen was seen weakening over the week. However, price action continues to remain choppy.
Key support/resistance levels:
Support: 113.58; Resistance: 114.73 – 114.52
Commentary:
The with resistance level of 113.58 being breached, the USDJPY could be seen attempting to push higher. The next main resistance area is seen at 114.73 – 114.52. This marks the top from the 3rd October highs. It is quite likely that the USDJPY will fail to break past this resistance level in the first attempt. To the downside, watch the support level of 113.58. Failure to hold the declines could push the USDJPY back lower. This will set the 112.74 lower support within sight.
For the week ahead, the USDJPY currency pair is expected to be flat.
The post USDJPY Weekly Forex Forecast – 12th to 16th Nov 2018 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] EURUSD Weekly Forex Forecast – 12th to 16th Nov 2018
Fundamentals Outlook
The markets head into a somewhat quiet mode for the week ahead. In the Eurozone, the final inflation report out of Germany and the Eurozone will be coming out. This will be crucial ahead of the next ECB meeting due in December. As long as there are no surprises, the central bank is expected to continue with its policy tightening plans. Data from Japan will stand out with the release of the third quarter GDP data. The preliminary estimates are expected to show that the economy continues to chug along at a modest pace. Other data over the week includes the producer prices index report.
The economic calendar for the Swiss franc is quiet with no major releases lined up this week. A somewhat busy week from the U.S. will see the release of the inflation data. Headline consumer prices are expected to hold steady near the 2.0% inflation target rate set by the Fed. Later in the week, retail sales report will shed light on the state of consumer spending for retail goods for the month of October.
Chart set up: The EURUSD currency pair was seen trading bearish last week as noted in the previous commentary. The declines were held despite the common currency briefly rising above the resistance level of 1.1449 – 1.1463. Failure to capitalize on this saw the euro currency easing back to the lower support level.
Key support/resistance levels:
Support: 1.1345; Resistance: 1.1449
Commentary:
The outlook for the EURUSD remains flat with the currency pair seen settling back within the mentioned resistance and support levels. However, the breakout from the falling price channel saw a failure as price action once again moved back into the channel. The support level where consolidation is currently taking place could be seen weakening. A close below this support at 1.1345 could signal potential declines if price breaks down.
For the week ahead, the EURUSD is expected to be flat.
The post EURUSD Weekly Forex Forecast – 12th to 16th Nov 2018 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
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