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  1. BITCOIN – DOMINANCE BEGINS TO RISE AS OTHERS FALTER Bitcoin on the rise early, though holding on to $6,300 levels will be key in the early part of the day to avoid a pullback later in the day. Bitcoin gained 1.24% on Sunday, following on from Saturday’s trend bucking 1.5% rise, to end the week down 10.2% at $6,310.1. A late Saturday reversal continued into the early hours of Sunday morning, with Bitcoin pulling back to a start of a day intraday low $6,162 before recovering to $6,300 levels, the day’s low steering clear of the first major support level at $5,998.23 and more
  2. AUD/USD FOREX TECHNICAL ANALYSIS – TREND DOWN, BUT RIPE FOR COUNTER-TREND REVERSAL Since today’s session begins with the AUD/USD in the window of time for a closing price reversal bottom, the key level to watch today will be yesterday’s close at .7272. We’re looking at three possible scenarios: Rally, Break or Closing Price Reversal Bottom. The Australian Dollar is trading slightly higher early Tuesday, but inside yesterday’s range. This tends to indicate investor indecision and impending volatility. We’re probably looking at some short-covering amid easing tensions in Turkey. Trad
  3. GOLD PRICE CHART HINTS AT BOTTOMING AFTER US 10-YEAR BOND AUCTION GOLD & CRUDE OIL TALKING POINTS: Gold prices rise as US bond yields, Dollar fall after record debt sale Crude oil prices drop, talked down by officials from China and Iran Chart setups hint gold may be set to bounce as crude oil suffers losses Gold prices rose yesterday as the US Dollar retreated alongside Treasury bond yields after hitting a 13-month high intraday. That helped the yellow metal leverage its appeal as an anti-fiat and non-interest bearing alternative. The move came after demand held impressively
  4. BITCOIN – THE BEARS TAKE A BREATHER A relief rally on the way or just a pause in the downward spiral? Holding on to $6,300 levels will be key through the morning. Bitcoin’s troubles continued on Wednesday, falling by 6.62% off the back of Tuesday’s 3.27% decline, to end the day at $6,273.9. Negative sentiment towards the latest SEC delay tactic on approving Bitcoin ETFs was left accountable to the broad based market sell-off, with Bitcoin sliding through the first major support level at $6,544 and second major support level at $6,374 to an intraday low $6,128.2. A
  5. AUD/USD COULD YET RISE ON RBNZ WITH LOWE AND CHINA TRADE PASSED Australian Dollar edged cautiously higher on Philip Lowe speech and Chinese trade Ahead, a relatively dovish RBNZ monetary policy announcement could boost Aussie AUD/USD remains in consolidation after recent push higher, eyeing February line. The Australian Dollar edged cautiously higher as RBA’s Governor Philip Lowespoke. Just yesterday, the central bank left its benchmark lending rate unchanged at 1.50% as expected which marked the 2-year anniversary if its last adjustment. There, the Reserve Bank of
  6. BITCOIN CASH, LITECOIN AND RIPPLE DAILY ANALYSIS – 08/08/18 The cryptos are in free fall once more and if the ship doesn’t steady by late morning, there may well be more pain ahead.Bitcoin Cash tumbled by 4.92% on Tuesday, following on from Monday’s 2.61% fall, to end the day at $657.A mid-morning rally saw Bitcoin Cash move back through to $700 levels, with an intraday high $713 before easing back, with the day’s first major resistance level at $712.5 pinning Bitcoin Cash back from any breakout in the early afternoon.Bitcoin Cash slid through the late afternoon, a broad based news driven
  7. BITCOIN HOLDS ON TO $7,000 Bitcoin’s on the move early, with $7,200 levels in play should Bitcoin avoid a pullback to sub-$7,000 levels in the first half of the day. Bitcoin gained just 0.15% on Sunday, following Saturday’s 5.48% tumble, to end the week down 14.55% to $7,023.9. Moves through the early part of the day saw Bitcoin continue to call on support at sub-$7,000 levels, with Bitcoin falling through the first major support level at $6,912.6 to an early morning intraday low $6,890 before recovering to $7,000 levels through the late morning. The afternoon faile
  8. WAIT-AND-SEE RBA TO KEEP AUD/USD UNDER PRESSURE TRADING THE NEWS: RESERVE BANK OF AUSTRALIA (RBA) INTEREST RATE DECISION The Reserve Bank of Australia (RBA) interest rate decision may keep AUD/USD under pressure as the central bank is widely expected to keep the official cash rate (OCR) at the record-low of 1.50%. Fresh comments from the RBA may do little to influence the Australian dollar as the central bank persistently promotes a wait-and-see approach for monetary policy, and officials may continue to tame bets for an imminent adjustment in the cash rate as ‘the low level of
  9. USD/CAD SOARS AFTER SAUDI ARABIA FREEZES TRADE WITH CANADA TALKING POINTS FOR USD/CAD: Canadian Dollar fell against its US counterpart early into Monday’s trading session Hawkish BoC and increasing inflation helped the Loonie pare its losses Housing and employment data releases later in the week may fuel downside momentum The Canadian Dollar started Monday’s trading session sharply lower against its US counterpart after news of Saudi Arabia expelling the Canadian ambassador crossed wires. The Saudi Press Agency, the nation’s official news outlet, also announced that
  10. BITCOIN MONTHLY FORECAST – AUGUST 2018 The BTC prices were finally able to break through the highs of its range last month and this signals the onset of the bull run. The bitcoin market began the month of July on a quiet note which was a follow up to the way that the market was trading over the month of June. This was the case during the entire first half of last month and it looked as though the trend would continue for the rest of the month as well as the prices struggled in the $6000 region and it also appeared that it might weaken further in due course of time. But this did no
  11. BITCOIN TURNING BEARISH, WITH THE BEARS EYEING SUB-$7,000 It’s getting bearish for Bitcoin, with the morning slide bringing sub-$7,000 levels into play should sentiment not shift through the early afternoon. Bitcoin fell by 1.05% on Thursday, following on from Wednesday’s 1.7% decline, to end the day at 7,527, the moves through the day marking a 5th consecutive day in the red. A choppy start to the day saw Bitcoin move through to an early morning intraday high $7,713 before pulling back to $7,600 levels, the day’s high falling short of the day’s first major resistance level
  12. GOLD PRICES RISK FRESH 2018 LOWS AS RSI FLIRTS WITH OVERSOLD TERRITORY GOLD TALKING POINTS The recent rebound in gold continues to unravel, with prices for bullion at risk for fresh yearly lows as the bearish momentum from earlier this year appears to be reasserting itself. GOLD PRICES RISK FRESH 2018 LOWS AS RSI FLIRTS WITH OVERSOLD TERRITORY The price for bullion quickly approaches the July-low ($1211) following the Federal Reserve interest rate decision, and the weakness may persist over the near-term as Chairman Jerome Powell & Co. appear to be on track to deliver a
  13. USD/JPY STRENGTH SPUTTERS AS FED KEEPS KEY INTEREST RATE ON HOLD JAPANESE YEN TALKING POINTS The recent advance in USD/JPY sputters as the Federal Reserve keeps the benchmark interest rate on hold, but the fresh string of higher highs & lows may fuel the recent advance in the exchange rate as it breaks out of a narrow range. The July-high (113.18) remains on the radar following the Bank of Japan (BoJ) meeting as Governor Haruhiko Kuroda & Co. lower the inflation forecast, and the dovish forward-guidance for monetary policy may keep USD/JPY afloat as the central bank remai
  14. BITCOIN – THE BEARS ARE COMING TO TOWN Bitcoin’s hit on Tuesday raises the possibility of a resumption to the bearish trend that saw Bitcoin down at $5,000 levels. Regulatory risk is the key. Bitcoin tumbled by 5.35% on Tuesday, following a 0.63% fall on Monday, to end the day at $7,741.1. Playing catch up, following two days of minor losses relative to the broader market, Bitcoin slid from a start of the day intraday high $8,178.9 through the first major support level at $7,919.37 to an early afternoon intraday low $7,664.9, calling on support at the day’s second major sup
  15. BITCOIN’S RALLY STALLED BELOW $8000, CRYPTOS ARE BACK IN RED In the middle of the previous week the rally got stuck near $8300 level and since then the Bitcoin’s price has slowly decreased. Last week it became obvious that the Bitcoin had big difficulties with further growth above $8000. During the weekend, it held above $8,200 mark, but yesterday it suddenly fell below $7900. Most likely, it was “a belated reaction” on SEC refusal to launch the Bitcoin ETF. Nevertheless, shortly after this rollback new buyers entered the market. As a result, trading volumes increased by 22% and th
  16. EUR/USD FOREX TECHNICAL ANALYSIS – RANGEBOUND WHILE STRADDLING PIVOT AT 1.1680 Based on Tuesday’s close and the early trade on Wednesday, the direction of the EUR/USD today is likely to be determined by trader reaction to the major 50% level at 1.1680. Basically, we’re going to be rangebound until buyers can take out 1.1751 or sellers can break through 1.1621. The EUR/USD posted a two-sided trade on Tuesday under relatively thin trading conditions. The Euro tried to breakout to the upside early but didn’t have enough buying volume to succeed. It seemed traders we
  17. NZD/USD FOREX TECHNICAL ANALYSIS – MOVE OVER .6833 COULD FUEL RALLY INTO .6851 Based on the early price action, the direction of the NZD/USD today is likely to be determined by trader reaction to the Fib level at .6833 and the 50% level at .6805. The main range is .6922 to .6688. Its retracement zone at .6805 to .6833 is currently being tested. This zone is controlling the longer-term direction of the Forex pair. The New Zealand Dollar is trading lower early Tuesday. Traders are reacting to weaker-than-expected domestic data and a disappointing manufacturing report from China. I
  18. BITCOIN BACK IN THE RED, WITH VOLATILITY TESTING THE BULLS It’s another poor start to the day, with Bitcoin managing to steer clear of support levels early. Holding on to $8,100 levels will be key. Bitcoin fell by 0.63% on Monday, following on from Sunday’s 0.17% loss, to end the day at $8,168.7. A choppy start to the day saw Bitcoin recover from a fall through the first major support level at $8,125.57 to a morning low $8,065.1, bouncing back to an early intraday high $8,301.7, just short of the first major resistance level at $8,315.87. Negative sentiment across the m
  19. EUR/USD FOREX TECHNICAL ANALYSIS – LOOKING FOR LOW VOLUME, RANGEBOUND TRADE Based on the early trade at 1.1651, the direction of the EUR/USD today is likely to be determined by trader reaction to 1.1663. If volume drops ahead of the Fed announcement on Wednesday, we could see a rangebound trade for a couple of days between 1.1680 and 1.1617. The Euro is treading water against the U.S. Dollar early Monday in what could become a theme this week until the release of the U.S. Federal Reserve monetary policy statement on Wednesday. There are no major economic reports this week from the
  20. BITCOIN FACES DIFFICULTIES WITH GROWTH OVER 8K This week, many market players have been betting that the market has passed the bottom and is moving towards highs at $20K in anticipation of new projects, the launch of ETF’s and institutional money. But it may well be that the increase observed in July is all that the cryptomarket could demonstrate in the upcoming months. The Bitcoin course (BTC) fell below $8.000 on the news that the US SEC had rejected the second Winklevoss twins’ attempt to launch Bitcoin ETF, which negatively affected the prospects of all similar projects. The ex
  21. EURO FORECAST: EURO UNLIKELY TO FIND DIRECTION BETWEEN JULY CPI OR Q2’18 GDP The Euro slipped at the end of the week after ECB President Draghi made clear that no rate hikes are coming for a year or more. – Neither the July Eurozone Consumer Price Index or the Q2’18 Eurozone GDP release will materially impact rate expectations, and therefore, the Euro. The IG Client Sentiment Index has shifted to a ‘mixed’ outlook from ‘bullish’ earlier last week. The Euro struggled in the second half of the week, finishing as the third-worst performing major currency. Knocked lower by the
  22. GOLD PRICE PREDICTION – GOLD SLIPS FOLLOWING ECB DECISION Gold prices edged lower after running into resistance near the 10-day moving average at 1,230, following the ECB meeting where the central bank left rates unchanged and said stimulus is still needed. The ECB was slightly more confident on growth and inflation and is poised to end its quantitative easing program in December and hold rates steady until the summer of 2019. Support on the yellow metal is seen near the July lows at 1,211 and then the July 2017 lows at 1,204. Momentum has turned positive as the MACD (moving average convergenc
  23. BITCOIN – A BIG FEW DAYS FOR THE BULLS TO GET THROUGH Sub-$8,200 support has kept Bitcoin at bay, but another pullback to $8,100 levels could see the week’s gains at risk. It’s a key part of the week. Bitcoin fell by 2.46% on Wednesday, partially reversing Tuesday’s 8.52% gain, to end the day at $8,183.1. In a relatively choppy start to the day, Bitcoin moved through to a start of the day intraday high $8,488.1, coming up short of the first major resistance level at $8,691.93 and Tuesday’s $8,506.7 high, before a mid-morning reversal saw Bitcoin slide through to a mid-after
  24. GOLD PRICES MAY DROP AS US GDP BOOSTS FED OUTLOOK, DOLLAR GOLD & CRUDE OIL TALKING POINTS: Gold prices fall as dovish ECB translates into stronger US Dollar Crude oil prices edge up on inventory data, Saudi shipment halt US GDP data might keep gold under pressure, oil impact unclear Gold prices turned lower as the US Dollar returned to the offensive, tarnishing the appeal of anti-fiat alternatives. An early retracement of the prior day’s downswing was compounded by a dovish ECB policy announcement, which sank EUR/USD and echoed as broader support for the greenback
  25. USD/JPY PRICE FORECAST – US DOLLAR TRYING TO FIND BASE AGAINST JAPANESE YEN The US dollar drifted a bit lower to open the Wednesday session, as we are looking at support below based upon an uptrend line, and of course the psychologically important ¥111 level. I believe at this point we are starting to see value hunters come back into the marketplace, offering an opportunity to pick up the US dollar “on the cheap.” The US dollar has dropped a bit to start out the session on Wednesday but has an uptrend line just below to offer a significant amount of support. Because of this, I beli
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