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  1. AUD/USD FLATLINES IN TUESDAY’S ASIA SESSION AS CHINA DATA FAILS TO IMPRESS The AUD/USD is flattening out in the Asia session, trading steadily near 0.7650 after a slew of data has left the Aussie on mixed footing ahead of the Reserve Bank of Australia’s (RBA) interest rate decision, due at 04:30 GMT. China’s Caixin Services PMI came in unchanged at 52.9, with the Composite Output Index also remaining unchanged from the previous reading of 52.3, and Aussie bulls are struggling to continue finding reasons to bid up in Tuesday’s early action, especially after the Australian Current Account Balance surprised to the downside, printing at a worse-than-expected -10.5 billion compared to the expected -9.95 billion, but still better than the previous quarter’s -14 billion contraction. Market sentiment is still remaining on-balance as the RBA has their latest rate statement at 04:30 GMT today, but with the central bank already widely expected to stand pat on interest rates well into 2019, t5raders will be focusing on the upcoming quarterly GDP figures that will be dropping on Wednesday. AUD/USD levels to watch FXStreet’s own Valeria Bednarik noted the AUD/USD’s recent bullish action, stating: “technically, the pair is trading at its highest in six weeks and around the 61.8% retracement of its latest daily decline, anticipating additional gains ahead particularly if bulls keep pushing through 0.7660. The 4 hours chartshows that the 20 SMA has accelerated north above the larger ones, also surpassing the 38.2% retracement of the mentioned decline at 0.7565, lately a comfort zone for the pair, while technical indicators are regaining the upside in overbought readings.”
  2. The lack of relevant news or significant drivers continues to fuel the broader multi-month 1.2150/1.2550 consolidative scheme around the pair. In the meantime, a mild risk-on bias prevails in the global markets, where the greenback has been creeping higher after bottoming out in the 89.20 region at the beginning of the week. That said, market participants now seem to look to the ECB to deliver some fresh news at its meeting next week, with the initial speculations pointing to a dovish message from the central bank and Draghi’s press conference. It is worth mentioning that members of the Council remain unconvinced of the sustainability behind inflation in the region, while PMIs and recent ZEW readings showed some loss of momentum. Data wise today, February’s Current Account figures in the euro area are due seconded by US Initial Claims and the Philly Fed index. In addition, FOMC’s L.Brainard and Cleveland Fed L.Mester are due to speak. EUR/USD levels to watch At the moment, the pair is gaining 0.02% at 1.2376 and a break above 1.2414 (high Apr.17) would target 1.2478 (high Mar.27) en route to 1.2538 (high Jan.25). On the flip side, immediate contention emerges at 1.2300 (low Apr.12) seconded by 1.2214 (low Apr.6) and finally 1.2153 (low Mar.1).
  3. The decline from 1.4377 (2018 highs) is a cause for concern for the bulls. Still, the outlook remains bullish as long as the pair holds above the ascending 10-day moving average. A weaker-than-expected UK CPI could pour cold water over rate hike optimism. The GBP/USD’s reversal from 1.4377 (2018 highs) to 1.4285 yesterday could be a sign of bullish exhaustion. Still, the outlook remains bullish as the momentum studies retain the bullish bias: 5,10 and 21-day MAs trend north, indicating bullish setup. Moreover, reduced Brexit fears and May rate hike optimism are seen keeping GBP better bid in the short-run. That said, the bears may come in strong if the UK March CPI, due at 08:30 GMT, inflation prints below estimates. Moreover, a big drop in inflation could see investors scale back expectations of Bank of England (BOE) tightening. The annualized CPI is expected to come in at 2.7%, unchanged from February when it fell from 3.0% in January. Meanwhile, core inflation, which strips the consumer basket of food and energy prices, is expected to remain steady rising 2.4 percent over the year in March. GBP/USD Technical Levels As of writing, the GBP/USD pair is trading just below the 50-hour moving average (MA) of 1.4310.A move above 1.4338 (resistance on 1H chart) would expose resistance lined up at 1.43454 (resistance on 1H) and 1.4377 (32018 high). On the downside, acceptance below 1.4283 (April 17 low on 1H) could yield a drop to 1.4245 (March 26 high). A violation there would allow a drop to 10-day MA located at 1.4195.
  4. EUR/USD firmer near 1.2400 ahead of ZEW The pair extends the week up move to the vicinity of 1.2400 the figure. USD remains on the defensive, challenges 89.00 tracked by DXY. German ZEW survey, Fedspeak next on tap for the pair. The single currency is looking to extend the up move during the first time of the week and is now taking EUR/USD to the 1.2380/85 band ahead of the opening bell in the Old Continent. EUR/USD looks to data, Fedspeak Spot had a promising start of the week so far, advancing to the boundaries of the key barrier at 1.2400 the figure amidst a renewed and strong selling bias hitting the buck. In fact, sellers have pushed the US Dollar Index (DXY) to the proximity of the 89.00 support, testing at the same time the area of 5-days lows and always with the US-China trade conflict and geopolitical concerns in the Middle East as main drivers of the markets sentiment. In the data space, the German ZEW survey for the month of April is due next seconded by US Building Permits, Housing Starts, Industrial and Manufacturing Production. In addition, San Francisco Fed John Williams, R.Quarles, Philadelphia Fed P.Harker and Chicago Fed C.Evans are all due to speak throughout the session. EUR/USD levels to watch At the moment, the pair is gaining 0.05% at 1.2386 facing the immediate resistance at 1.2397 (high Apr.11) followed by 1.2478 (high Mar.27) and then 1.2538 (high Jan.25). On the downside, a breakdown of 1.2300 (low Apr.12) would target 1.2214 (low Apr.6) en route to 1.2153 (low Mar.1).
  5. Risk-off weighing gradually over the Aussie, as Europe kicks-off. Awaits fresh impetus from the US retail sales, RBA minutes and China data dump. The AUD/USD pair returned to the red zone at the European open, reversing a brief recovery to near 0.7780 levels, with risk-off sentiment seen gathering momentum, as the European traders assess the implications of the US-led airstrikes on Syria, with Russia’s response eagerly awaited, which is likely to trigger US-Russia war. Amid a renewed risk-aversion, the US dollar is seen attempting a tepid recovery across its main competitors, adding to the weight on the Aussie. The USD index regains the 89.50 barrier, bouncing-off lows near 89.40 levels. Also, a bout of profit-taking in the spot, following last week’s rebound and ahead of plenty of risk events this week, cannot be ruled behind the fresh selling. Investors brace for the US retail sales data due later today while tomorrow’s RBA minutes and China Q1 GDP figures will shape the moves for the AUD in the coming days. AUD/USD levels to watch Brian Twomey, President at Brian’s Investment noted: “The target remains 0.7836 and 2 pips higher than previous 0.7834. Below 0.7764, the game plan is to reload longs at minor lines at 0.7731, 0.7729 and 0.7716. The main line is located at 0.7698. Above 0.7764 then on to 0.7836 by breaks at 0.7791. Target at 0.7836 is located just shy of major points at 0.7841 and 0.7864.”
  6. EUR/USD TRYING TO HANG ON TO 1.23 AHEAD OF GERMAN CPI The Euro is holding steady ahead of German CPI figures which threaten to tip the scales in the bears’ favor. The EUR has struggled to find bids this week as the ECB turns dovish on sluggish macro numbers across the European continent. The EUR/USD is middling through the Asia session, testing near 1.2330 ahead of the European markets. The Euro saw a bearish turnaround in action on Thursday, after failing to capture new ground on Wednesday and falling back into the early week’s ranges. Fawad Razaqzada noted Thursday that, “[the Euro] was dealt a double whammy of soft Eurozone data and surprisingly dovish European Central Bank meeting minutes. The single currency slumped initially after the publication of more disappointing data this morning[Thursday]. This time it was industrial production, which contracted by 0.8% in February rather than increase 0.1% as expected. This is the latest Eurozone data which points to evidence that growth in the region may be slowing down, crucially at a time when the ECB is considering to taper QE.” Fawad continued, “but if the recent trend of soft data continues then the central bank may have to delay the normalisation process. The ECB was actually surprisingly dovish at its last policy meeting. According to the meeting minutes, released earlier today, the Governing Council seemed worried about the impact of the trade war, noting “widespread concern” about the potential impact of protectionism. Of the euro’s strength, the ECB said that it “may have a more negative impact on inflation”. And on inflation, the conclusion was that the evidence for a sustained rise in prices towards levels consistent with the Governing Council’s target was “still not sufficient.” In other words, the ECB appears more likely to maintain status quo longer than some had thought.” Euro hit by double whammy of bearish news The Eurozone sees a smattering of data for Friday’s session, with CPI figures from Germany and Spain at 06:00 GMT and 07:00 GMT respectively, but the key figure to watch will be the headline year-on-year German Harmonized CPI for March at 06:00. The main number is expected to print at 1.5 percent, in-line with the previous figure, and a miss is looking more likely than a beat, which could deliver further bearish action to the EUR/USD heading into the weekend. EUR/USD Levels to watch The Euro is fighting to stay afloat and inside the current consolidation zone on Daily candles, and as FXStreet’s Chief Analyst Valeria Bednarik noted earlier, the pair is “stable around the 1.2320 level, having lost its bullish strength, but still unable to confirm additional short-term losses, as in the 4 hours chart, it settled around its 100 and 200 SMA, while technical indicators turned flat around their mid-lines, having declined straight from overbought readings. The pair is also below its 20 SMA, which leans the scale toward the downside, albeit a break below 1.2250 is required for bears to become bolder.”
  7. AUD/USD FALLS BACK INTO 0.7750 AS INFLATION EXPECTATIONS, HOME INVESTMENTS FUMBLE · The Aussie is struggling to maintain bullish momentum as risk appetite sours and Aussie data falters. · The macro calendar is clear for the Aussie for the rest of the week and market sentiment is getting dragged down by the ongoing Syrian crisis. The AUD/USD is tripping back into the 0.7750 zone after the Aussie lifted into 0.7770 in the overnight session to challenge yesterday’s highs, but the move has been hobbled and the AUD/USD is backing away from the high on disappointing macro figures. Further reading – Australia inflationary expectations fell slightly in April Australia inflation expectations declined slightly to 3.6 percent from the previous 3.7 percent today, and after that Investment Lending for Homes only lifted by 0.5 percent, a decline from the previous 1.1 percent. Home Loans data beat the expected -0.6 percent forecast to print at -0.2 percent. The figure is an improvement over the previous reading of -1.1 percent, but still a declining number. The Aussie has rallied lately after China appeared willing to meet the US at the negotiation table based on Chinese President Xi Jinping’s words at the Boao Forum, but the market risk appetite is evaporating as Middle East tensions over Syria threaten to spill over in the UN. AUD/USD Levels to watch The pair is going to start challenging support if the decline continues, and as FXStreet’s own Flavio Tosti noted earlier, “the AUD/USD has rebounded from its 200-period simple moving average and is currently trading in the 0.7740-0.7773 range. Support lies at 0.7728, previous swing and at 0.7691 demand level. Resistance is seen at 0.7770 which is the high made on Tuesday and further up at 0.7845 swing low on March 13.” Read More: http://www.xtreamforex.com/
  8. EUR/USD: BULL HAMMER AHEAD OF KEY EVENT RISKS THIS WEEK EUR/USD: the quiet before the storm, awaiting key data and political events. EUR/USD: daily sticks are leaning bullish, bull hammer formed. EUR/USD has been drifting sideways in a quiet start to what might turn into a storm on the back of economic and geopolitical events taking place. Meanwhile, the single unit is currently trading at 1.2272 with a high of 1.2279 and a low of 1.2265. USD was lower on Friday after the non-farm payrolls miss, despite slightly improved wages. The previous two months were revised net -50k, and the Fed expectations were dampened by the report. Powell was sticking to his rate path guns though and wasn’t prepared to speculate in regards to potential headwinds from trade war risks, pooer equities and high volatility. Trade wars are the dominant force – Westpac With a focus back to data, the German Retail Sales poor outcome and IP miss were not helpful in the case of the bulls and eyes will now turn to German Feb trade balance and EZ April Sentix index early this week. We also have US CPI and FOMC minutes, Summit of the Americas and the Boao Forum as further key risk events, the latter coming up tomorrow and will be monitored after risk soured on Friday when Mnuchin said there is the potential of a trade war with China leaving EUR/USD closing near 1.2290 for the week. EUR/USD levels Technical indicators lean bullish with the pair up after a new low was set and RSI diverging on new low with a bull hammer formed. and according to the 4 hours chart, the pair presents a neutral stance: “It settled above a now flat 20 SMA, while technical indicators are stuck around their mid-lines. Steady gains beyond 1.2300 could favor an extension up to 1.2370, while below 1.2250, the pair will likely extend its slide below the 1.2210 region.” Click Here Read More Analysis:
  9. EUR/USD moves higher to 1.2280 ( US Session Updates ) The pair gathered extra traction on increasing USD-selling. USD plummets to fresh lows in the 90.20 region tracked by DXY. Rising US-China concerns revived the risk-off trade, hurting the buck. EUR/USD has found fresh buying interest and is now flirting with daily highs in the 1.2270/80 band. EUR/USD bid on risk aversion The selling pressure around the greenback is now intensifying after President Trump’s Advisor L.Kudlow stressed there is no timetable regarding US-China tarde negotiations, adding at the same time that the Chinese reaction to US measures has been so far unsatisfactory. Kudlow’s comments triggered a bout of risk aversion that accelerated the inflows into the safe haven assets, particularly the Japanese Yen, motivating a quick drop in USD/JPY with the resulting USD sell off. In addition, recent Non-farm payrolls seem to have given extra oxygen to the view of a more gradual interest rate path by the Federal Reserve in the next months (at least not as aggressive as previously estimated by market participants), all weighing down on the buck. Despite the ongoing squeeze higher, spot keeps the bearish note intact this week, retreating for the second week in a row to levels last seen in late February. The down move motivates once again the 1.2200 handle and the 1.2165/55 band to emerge on the investors’ horizon. EUR/USD levels to consider At the moment, the pair is advancing 0.20% at 1.2266 and a break above 1.2312 (10-day sma) would target 1.22346 (high Apr.2) en route to 1.2478 (high Mar.27). On the other hand, immediate support aligns at 1.2216 (low Apr.6) seconded by 1.2206 (low Feb.9) and then 1.2165 (low Jan.18). Read More Technical Analysis: http://www.xtreamacademy.com
  10. BITCOIN AND ETHEREUM PRICE FORECAST -04/04/2018 The prices have stalled near the $7400 region as expected The BTC prices have rebounded as expected but they now seem to have hit a wall and again, this is something that we have been forecasting. The region around $7400 was a strong support and the break through this region had led the prices to slide towards the lows of the range below $7000. Now the prices are back in this region but have been finding it difficult to get a way through this region due to the strong selling that we have been seeing. The prices are likely to continue to face some strong resistance for the time being and this is going to be the biggest challenge for the bulls in the short term. Prices Stall The bulls need to show purpose and momentum and prove to the rest of the market that the momentum is on their side for them to get convinced and join them. Else, it is likely that the BTC market would be hit with a lot of selling in the short term which would then push the prices lower. If and when the bulls do manage to break through, more traders are likely to join their side and this snowballing effect would help to make the passage to the $7800 region smooth and quick as well. It remains to be seen whether they would be able to make the breakthrough today. Read More Technical Analysis: Click Here
  11. BITCOIN CASH, LITECOIN AND RIPPLE DAILY ANALYSIS – 03/04/18 Bitcoin Cash managed to close out Monday in positive territory, gaining 3.37% to end the day at $662.9, partially reversing Sunday’s 5.98% slide, while bringing to an end 7 consecutive days of losses.The day was relatively less choppy than in recent weeks, with Bitcoin Cash seeing few sell-offs during the day and more importantly avoided an end of day pullback.While there will have been some relief from Monday’s gains, Bitcoin Cash failed to touch $700 levels for the first time since the December rally, with an intraday high $686.2 falling short of the day’s first major resistance level of $688.2 and 23.6% FIB Retracement Level of $730.27.Monday’s gains were certainly not impressive enough to suggest a reversal to the extended bearish trend formed back on 21st March, while an intraday low $636.4 managed to avoid testing the first major support level of $608.4.Following Monday’s gains, Bitcoin Cash was up 3.58% to $683.9, with investors brushing off an early morning $657 low, as sentiment across the cryptomarket continued to improve off the back of Monday’s gains.A morning $695 high tested the day’s first major resistance level of $687.27 early, with resistance at the psychological $700 level pinning back any move through to the day’s 23.6% FIB Retracement Level of $730.27.For the day ahead, a move back through to the morning high $695 would be needed to support a run at the 23.6% FIB Retracement Level, with such a move likely to begin signalling a short-term bullish trend formation that would draw in side lined investors looking to ride out the bearish trend formed on 21st March.Failure to break through to $700 levels could test investor appetite later in the day and lead to a pullback to this morning’s lows, though we would expect support levels to remain untested today, the key milestone for Bitcoin Cash being to move through to and hold on to $700 levels by the end of the day.Click Here To Read LITECOIN AND RIPPLE TECHNICAL ANALYSIS
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  13. BITCOIN PRICE FORECAST MARCH 27, 2018, TECHNICAL ANALYSISBitcoin markets rolled over again during the trading session on Monday, as crypto currency markets continue to roll over and show signs of weakness. By the time the Americans got up, Bitcoin was down 4%.BTC/USDBitcoin markets rolled over during the trading session during the day on Monday, breaking below the $8100 level. I think that the market will go down to the $80,000 level next, and then perhaps down to the $7000 level. The market has been struggling for some time, and currently it looks as if it isn’t going to change anytime soon. Rallies of this point will continue to attract sellers from what I see, and I think that it’s going to take a lot to turn this market around. It’s not until we break above the $10,000 level that I feel the buyers will start to gain the upper hand. The market has been losing volume, and quite frankly far too many retail traders are underwater to get involved again.Read more : http://www.xtreamacademy.com/forex-f...ical-analysis/
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  15. BITCOIN AND ETHEREUM PRICE FORECAST – BTC PRICES CONSOLIDATE The prices are consolidating as the market awaits the next direction The BTC prices have been consolidating and ranging as we head towards the end of the month. We had mentioned in a couple of forecasts over the last few weeks that the crypto prices had a similar fall in the same period of last year and the great bullish run in the BTC prices began only after this period and it remains to be seen whether it is going to be the same this year as well. The prices have been trading near their support region of the $8500 region over the last couple of days and this shows that there is some accumulation going on. For the bulls, they would hope that this would mean bullish accumulation which would in turn mean that the next bullish leg is around the corner. Suggested Articles Why Bitcoin Cash is Better than Bitcoin? How to Buy Bitcoin Cash? How to Short Bitcoin? Prices In Range There has not been much fundamental developments over the weekend for the traders to be worried about or be happy as well and that is also one of the reasons for the consolidation that we are seeing in the prices as of this writing. We expect this sort of consolidation to continue in general, with a bearish tinge, over the next few days as the traders await the tax season to get over and the BTC futures to expire for this month before they launch the prices and begin to buy or sell the BTC according to the trend. Once again, we continue to believe in the bullish trend and we might see the beginning of the next leg pretty soon. Read more : http://www.xtreamacademy.com/forex-forecast/bitcoin-ethereum-price-forecast-btc-prices-consolidate/
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