CryptoCurrency News: Circle Adds Zcash to Crypto Investment App

Circle added zcash to its cryptocurrency storage and investment app, the company announced Monday.

via CoinDesk

CryptoCurrency News: Bring Home the Bacoin? Oscar Mayer Debuts Crypto Campaign

Meat manufacturer Oscar Mayer has launched a bacon-backed cryptocurrency, which fans can cash out for real bacon.

via CoinDesk

CryptoCurrency News: SEC Official: ICO Market Shows Need for Securities Regulation

An SEC commissioner warned that initial coin offerings could be fraudulent, but consumers cannot necessarily identify fraud.

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CryptoCurrency News: FTC to Host Consumer Protection Workshop on Cryptocurrency Scams

The Federal Trade Commission (FTC) is planning to host a workshop on cryptocurrency scams and fraud in June.

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CryptoCurrency News: Buffett: Bitcoin Is More Gamble Than Investment

The world's third-richest person, Berkshire Hathaway's Warren Buffet, has again made comments critical of bitcoin as an investment.

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CryptoCurrency News: Arrington-Backed Startup Launches Crypto-for-Cash Credit Platform

A crypto lending startup backed by TechCrunch founder Michael Arrington launched a U.S. dollar credit platform on Monday.

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CryptoCurrency News: CFO Boost? EY Predicts Blockchain Could Change C-Suite Role

"Big four" professional services firm EY says that blockchain could transform its finance operations and redefine the role of chief financial officer.

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CryptoCurrency News: Author William Mougayar to Launch Blockchain Investment Fund

Blockchain author William Mougayar is teaming up with Jabre Capital Partners to launch a blockchain investment fund for startups.

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CryptoCurrency News: UNICEF Is Mining Crypto to Raise Funds for Children

UNICEF Australia has launched a website that harness supporters' computers to raise donations via cryptocurrency mining.

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CryptoCurrency News: ANZ and IBM Build Blockchain Solution for Insurance

ANZ bank has partnered with IBM to build a blockchain solution for transparent, secure transfer of data and premiums in the insurance sector.

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CryptoCurrency News: Enquiries About Cryptocurrencies Tripled in 2017, Japan Regulator Says

Last year, Japanese consumers were asking more questions than ever about cryptocurrency trading and ICOs, new data reveals.

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CryptoCurrency News: Blockchain Trade Finance Is Breaking Proof-of-Concept Gridlock

After years of tests and concepts, enterprise blockchain may be having a breakthrough moment, with several notable trials in trade finance advancing.

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[FOREX NEWS] Fresh USD strength and underwhelming EZ data weigh on EUR/USD

The EUR/USD resumes its falls in the wake of the new week as US yields are on the move again. A busy day with German inflation and the US Core PCE data awaits traders. The technical picture remains bearish for the pair. The EUR/USD is trading around $1.2120, slightly lower on the day. US bonds, [...]

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[FOREX TIP] AUDNZD Price Action Analysis – 30th April 2018

AUDNZD had a strong Bullish wave on the Daily chart. The H4 chart shows that the pair found a level of Resistance. The price has been Bearish after breakout the up trending Trend Line. The first H4 candle today was a Bearish candle. The next one came out as a strong Bearish candle with a strong rejection from today’s intraday level of Resistance. If the price keeps coming down and makes a breakout, then we might get an opportunity to sell the pair and make some green pips. Let us have a look at the H4 AUDNZD chart.

AUDNZD Price Action Analysis – 30th April 2018

See today’s 2^nd H4 candle. It had a strong rejection from intraday Resistance. The level of 1.06720 is the nearest level of Support here. This has to be broken by an H4 candle. If it gets broken and held by another H4 candle, then an H1 Bearish Engulfing Candle would be the signal to go short on the pair later today. Let us have a look at the summary of the trade…

• Sell Stop Order: 1.06720
• Stop Loss: 1.06995
• Take Profit: 1.06150
• Validity: 72 hours
• Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

The AUD has a High impact news event today. It is a “Tentative” news event. Thus, we have to keep our eyes on the Forex Calendar to find out whether the news release gets over or not. We would only know once the news is released. If the signal comes after the news event, we are fine to go ahead to take the entry.

AUDNZD Price Action Analysis – 30th April 2018

The post AUDNZD Price Action Analysis – 30th April 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: ICBC's First Blockchain Patent Is Now Public

Industrial and Commercial Bank of China, a major state-owned bank, is exploring how to verify and share users' certificates on a blockchain.

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CryptoCurrency News: Mastercard Seeks 'Fast Track' Way to Sync Blockchain Data

A Mastercard patent application outlines how nodes could be quickly added to a blockchain.

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[FOREX NEWS] AUD/USD Forecast Apr. 30-May 4 – Will the RBA stabilize the fall?

The Australian dollar fell sharply, reaching the lowest levels since December. Has it bottomed out? A busy week sees the RBA dominating the scene. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australian inflation disappointed with a rise of only 0.4% q/q on the headline and 0.5% on the core. [...]

The post AUD/USD Forecast Apr. 30-May 4 – Will the RBA stabilize the fall? appeared first on Forex Crunch.

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[FOREX TIP] Monthly Forex News Events that Might Affect EURUSD Volatility – May 2018

Monthly Forex News Events that Might Affect EURUSD Volatility – May 2018

Since the beginning of the year he EURUSD has been consolidating between support level 1.2150 and resistance level 1.2550. There are no major catalysts to drive and promote clear trends as current monetary policy drivers have been discounted by the market. In order for real trend development to emerge, we really need a strong fundamental catalyst to change the direction of the trend.  The EURUSD trading range can be explained by the fact that both the Fed and the ECB are very predictable with their monetary policy decisions and real trends only come out when we have market uncertainty.

With the inflation inching higher, we can see the Fed being more aggressive in normalizing interest rates. Actually, the fed funds futures are already starting to price in one additional rate hike, which means the Fed is going to hike rates four times in 2018. The benchmark interest rate has gone up to 1.75% versus 1.5% previous reading. The ECB also seems reluctant to move away from its ultra –easy monetary policy anytime soon. The market can become complacent of not knowing the exact timing of unwinding the QE program which can be negative for the EURUSD exchange rate.

April was again a very slow trading month as we’ve consolidated the previous gains and moved in a wide trading range. Moving forward the seasonal pattern in May is extremely bearish but we should look for a low to be formed in mid-May. The seasonal pattern only gives us the tendency of a particular currency to exhibit a certain behavior at a certain time, so we have to carefully monitor the pattern and how the fundamental forces interact with the price action. Going forward, we’re going to analyze and disseminate the major news event for the upcoming month that can be the catalyst for higher EURUSD volatility.

“Don’t risk significant money in front of key reports, since that is gambling not trading.”
– Paul Tudor Jones

Monthly Forex News Events that Might Affect EURUSD Volatility – May 2018

 

Moving forward, into a new trading month we can highlight what are the main risk events that can disrupt the market volatility and which can potentially set in motion new trends.

Now, let’s move forward and see what the biggest risk events in May2018 are:

• Tuesday, Monday, May 1, 2018 –The Labour Day holiday is celebrated through entire Europe, which means that we’re going to have a very low trading activity as banks are mostly close and not open for business.
• Wednesday, May 2, 2018 – The EU GDP figures for the first quarter of 2018 are scheduled to be released. The US-based ratings agency, Standard & Poor is seeing the Eurozone economy slowing down from 2.7% growth in the last quarter of 2017 to 2.3% in the first quarter of 2018.
• Wednesday, May 3, 2018 – The US Fed is expected to deliver its interest rate decision. While the market consensus is for the Fed to raise interest rates in June we can’t rule out a hike in May as well as the recent economic data supports the move.
• Thursday, May 4, 2018 – The Eurozone CPI inflation have risen more than expected to 1.6%, which is one step closer towards the 2% inflation target that the ECB has set. However, it’s unlikely for the ECB to engage in premature tightening measures with the inflation still below the 2% target.
• Friday, May 5, 2018 – The NFP report will bring the latest job figures for the US economy. The NFP missed the market expectation and only posted a modest 103k of new jobs added. The market consensus looks for the job market to start heating up again and add 198k new jobs while the unemployment rate is expected to drop to 4% versus 4.1%.
• Thursday, May 10, 2018 – The US CPI inflation figures are scheduled to be released. The last time we saw inflation dropping for the first time in the last 10 months, but the underlying inflation remains strong.
• Tuesday, May 15, 2018 – The German GDP figures for the first quarter of 2018 are about to be released. The German government has lowered the GDP growth in 2018 to 2.3%.
• Wednesday, May 23, 2018 – The FOMC minutes from the last Fed meeting are going to be released. It can give us more clues if the Fed is on the path to really hike rates four times in 2018.
• Wednesday, May 30, 2018 – The US GDP figures are scheduled to be released and the market consensus is that the US economy is going to slow down to 2% versus 2.9% from the last quarter of 2017.

The post Monthly Forex News Events that Might Affect EURUSD Volatility – May 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: The Public-Private Blockchain Singularity May Be Close At Hand

A year ago, enterprise blockchain and cryptocurrency were essentially separate industries. Now come signs that these camps might be slowly converging.

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CryptoCurrency News: ICO Promoters Can Expect Canada to Be as Tough as the US

Provincial securities regulators in Canada won't take a radically different approach to the U.S. SEC in analyzing whether tokens are securities.

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[FOREX NEWS] EUR/USD: Confirming Tactical Triangle Top; Staying Short targeting 1.15 – BofAML

EUR/UDS dropped to the lowest level since January as King Dollar stormed the board. What’s next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses EUR/USD technical outlook and notes that the pair has confirmed a triangle top on the daily chart. “The rallies in both US dollar indices (DXY and BBDXY) [...]

The post EUR/USD: Confirming Tactical Triangle Top; Staying Short targeting 1.15 – BofAML appeared first on Forex Crunch.

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[FOREX TIP] USDCHF Weekly Forex Forecast – 30th April to 4th May 2018

USDCHF Weekly Forex Forecast – 30th April to 4th May 2018

Technical Outlook: Price action in USDCHF powered ahead but the currency pair was seen failing to post a convincing close above the resistance zone of 0.9894 – 0.9861. In the near term, we expect to see a correction in the price action. The 4-hour Stochastic has triggered an overbought market at the current levels which coincides with the resistance zone. Therefore, we expect the USDCHF to potentially correct lower. Initial support is seen at 0.9821 level which could be tested in the short term. However, USDCHF is likely to push lower to establish support at 0.9629 which could be tested in the medium term.

Fundamental Outlook: Data from Switzerland is also looking at a quiet week ahead in terms of economic releases. However, data from the U.S. will see a busy week that could keep the USDCHF in pay. The week starts off with the U.S. core PCE price index data alongside consumer spending data. The week will also see the release of the monthly ISM manufacturing PMI data and will be later followed up by the FOMC meeting and the monthly jobs report.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 30th April to 4th May 2018

The post USDCHF Weekly Forex Forecast – 30th April to 4th May 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] USDJPY Weekly Forex Forecast – 30th April to 4th May 2018

 

Technical Outlook: The USDJPY currency pair posted strong gains on the back of a weaker Japanese yen. Price action touched a two month high at 109.14 before easing back on the day. With the current consolidation taking place near the highs, we expect to see a correction in price action in the near term. The main support level at 107.78 – 107.64 is most likely to be tested in the near term unless USDJPY manages to post a fresh high above 109.14. The 4-hour Stochastics oscillator a bit overstretched validating this view.

Fundamental Outlook: Following a busy week that concluded which saw the Bank of Japan’s monetary policy meeting, the week ahead is quiet as far as data from Japan is concerned. The Tokyo markets are closed on Monday which makes it a short and a quiet trading week. Still, the Japanese yen may be influenced by the global themes that could reflect the overall investor sentiment in the markets. The Japanese yen will also be influenced by the FOMC meeting due this week. No changes to interest rates are expected at this week’s meeting.

Previous USDJPY Weekly Forex Forecast

USDJPY Weekly Forex Forecast – 30th April to 4th May 2018

The post USDJPY Weekly Forex Forecast – 30th April to 4th May 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] EURUSD Weekly Forex Forecast – 30th April to 4th May 2018

EURUSD Weekly Forex Forecast – 30th April to 4th May 2018

Technical Outlook: The EURUSD currency pair posted strong declines last week as price fell to a three month low towards 1.2055. The sell off in the EURUSD currency pair came as the ECB maintained its monetary policy unchanged. Despite the central bank brushing aside concerns of the recent weak stretch of economic data, the currency pair fell sharply as the U.S. dollar was seen strengthening. The decline to the current lows however looks oversold with the potential for the currency pair to post a modest short term correction. If the EURUSD manages to breakout above the local highs of 1.2112, then we expect the upside momentum to push the price toward the immediate resistance level at 1.2200.

Fundamental Outlook: The economic calendar from the Eurozone is relatively quiet. Most of the data points to second tier information which includes the German retail sales report due on Monday. Flash inflation estimates for both Germany and the Eurozone will be coming out this week. The report will cover the inflation data for the month of April. The preliminary GDP report for the quarter ending March 2018 will also be coming out. The Eurozone’s GDP growth is expected to be somewhat modest during the first quarter after posting strong growth last year.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 30th April to 4th May 2018

The post EURUSD Weekly Forex Forecast – 30th April to 4th May 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: The Crypto Community Must Use the Blockchain to Self-Police

The everyday crypto user in the future is likely to spend time identifying illicit wallets and transactions to avoid, thanks to the U.S. Treasury.

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CryptoCurrency News: Bank of America Is Closing My Three-Year-Old's Account Over Crypto

My daughter is 3 years old. Bank of America is closing her account because of her “risk profile” and a highly indirect “connection” to cryptocurrency.

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CryptoCurrency News: Binance, Bermuda Ink $15 Million Crypto Investment Agreement

Bermuda has signed a Memorandum of Understanding with Binance to develop a global compliance center in the British Overseas Territory.

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CryptoCurrency News: 5 More Payments Firms to Adopt Ripple's xVia Tech

Five firms across Europe and Asia plan to adopt Ripple's xVia protocol to bring their payments services to emerging markets.

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CryptoCurrency News: Prosecutors Charge 'Discount Bitcoin Bandits' With Robbery

The Los Angeles County District Attorney's Office has charged the "Discount Bitcoin Bandits" with robbery, child abuse and grand theft counts.

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CryptoCurrency News: SEC Official Defends 'Balanced' ICO Oversight in Congress

A hearing at the House financial services committee saw hostility from some reps, sympathy from others, and a "balanced approach" from the SEC.

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CryptoCurrency News: Court Forces Chile's Banks to Reopen Crypto Exchange Accounts

A Chilean court has ordered banks to reopen the accounts of crypto exchanges after the institutions announced their plans to close them in March.

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CryptoCurrency News: Australia's Securities Watchdog Airs Concerns About Overseas ICOs

ASIC is to extend its guidelines on initial coin offerings over concerns about overseas projects targeting local investors.

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CryptoCurrency News: France Is Cutting the Tax Rate for Retail Crypto Traders

France is about to offer relief to amateur cryptocurrency investors, after a ruling by the country's Council of State.

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CryptoCurrency News: Bigger Blocks and Smarter Contracts: What's In Bitcoin Cash's Next Fork?

Bitcoin cash's most ambitious hard fork upgrade is coming in May, backed by the promise of taking its "on-chain scaling" philosophy to new heights.

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[FOREX NEWS] US GDP Q1 first release live coverage

 The US was forecast to report a slowdown in the first quarter of 2018: an annualized growth rate of 2.0% after 2.9% in the last quarter of 2017. The first quarters of each year often suffer from weak data and the economy picks up later on. However, real expectations may be slightly higher after Durable [...]

The post US GDP Q1 first release live coverage appeared first on Forex Crunch.

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CryptoCurrency News: Alibaba Advances Blockchain Food Fraud Platform to Pilot Phase

Chinese e-commerce giant Alibaba is trialling a blockchain-based tracking system developed to make its supply chain more transparent.

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CryptoCurrency News: PBoC Researcher Touts More Centralized Approach to Blockchain

Giving up full decentralization could solve many of blockchain's existing problems, says Yao Qian, research director at China's central bank.

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CryptoCurrency News: Pullback Over? Bitcoin Retakes $9K, Eyes Further Gains

Having recovered from a five-day low hit yesterday, bitcoin has potential for a move higher towards key resistance at $9,880.

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CryptoCurrency News: The SAFT Is Alive But Who Knows How Well

A framework that strives to enable compliant U.S. token sales may have come under fire in the press, but it's still widely used by entrepreneurs.

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[FOREX NEWS] After the downfall, EUR/USD may be extra stretched

The EUR/USD trades at the lowest levels since mid-January, fueled mostly by USD strength. Mediocre euro-zone data is not helping and the US GDP could provide another blow. The technical picture points to emerging oversold conditions. The EUR/USD is trading around $1.2070, suffering the third day of sharp falls. The US Dollar continues gaining traction [...]

The post After the downfall, EUR/USD may be extra stretched appeared first on Forex Crunch.

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[FOREX NEWS] Where next for the EUR/USD after the big fall? Targets

After the EUR/USD fell off the cliff described on Thursday, it is getting used to new lows. The Technical Confluences Indicator shows the new levels to watch on the downside. $1.2060 is the convergence of the Pivot Point one-week Support 3, the PP one-day S1 and the 15m low. Further below, strong support awaits just below the round number. At [...]

The post Where next for the EUR/USD after the big fall? Targets appeared first on Forex Crunch.

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CryptoCurrency News: Singapore to Speed Up Process of Awarding Blockchain Payment Patents

Singapore's IP Office is shortening the grant process for fintech related patent applications, including those focusing on blockchain payment.

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CryptoCurrency News: Sony Eyes Blockchain Use for Digital Rights Data

Sony believes a blockchain can be used as a digital rights management solution by storing ownership information.

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CryptoCurrency News: CBOE Saw Its Highest-Ever Bitcoin Futures Volumes Yesterday

Bitcoin futures contracts saw a spike in trading volume Wednesday, according to data from both CBOE and CME.

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CryptoCurrency News: Ripple Says Sales of XRP Cryptocurrency Rose 83% In Q1

While XRP's price has fallen since the end of the year, Ripple's sales of the cryptocurrency are stronger than ever.

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CryptoCurrency News: Romania's Oldest Bitcoin Exchange Is Shutting Down Next Week

BTCxChange announced it was closing its platform on May 1, and advised customers to withdraw all funds before then.

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CryptoCurrency News: Crypto Mining Made Up 10% of AMD's Revenue in Q1

While AMD sees demand for GPUs to process blockchains falling this quarter, CEO Lisa Su believes the technology will have a long-term impact.

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CryptoCurrency News: More Than $140 Million in Bitcoin Moved from Mt Gox Wallets

Approximately $141 million worth of bitcoin was moved from several remaining wallets of former bitcoin exchange Mt Gox on Wednesday.

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[FOREX NEWS] EUR/USD: Draghi giveth, Kudlow taketh away

The EUR/USD fell quickly to a new low at $1.2114, the lowest since January 12th. The move comes amid hopes on US-Chinese trade relations and a resumption of the US Dollar rally. The move completely erases the Draghi-related gains seen earlier. The EUR/USD is trading around at the lowest levels since January 12th, making a sharp U-turn [...]

The post EUR/USD: Draghi giveth, Kudlow taketh away appeared first on Forex Crunch.

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CryptoCurrency News: OmiseGo Hits Two-Month High Amid Airdrop and Exchange Listings

OmiseGo's OMG token is reporting double-digit gains today, possibly due to new listings on Asian exchanges and news of an airdrop.

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CryptoCurrency News: BBVA Issues $91 Million Loan Using Two Blockchains

Spanish banking giant BBVA has completed a pilot that issued a $91 million corporate loan using two different blockchain technologies.

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CryptoCurrency News: Samsung Sets Q1 Profit Record with Crypto Mining Boost

Samsung has seen record growth in quarterly operating profits – an increase driven in part by strong demand for cryptocurrency mining chips.

via CoinDesk