Foreign exchange trading is beginning to enjoy the holidays: currency pairs are taking a break and not going anywhere fast. For GBP/USD, this is seen in stable range trading: 1.33 is a double bottom and 1.3450 serves as resistance. Yet looking closer at the chart, we can see a nice series of lower highs: 1.3550 … “GBP/USD: stability is misleading – why it break the double bottom”
Category: Opinions
USD: 3 Reasons Why US Tax Reforms A ‘Big Deal’ To Support USD In Early 2018 – BofAML
The United States Congress is getting closer to approving a deal on reconciling the tax bills and announcing a huge cut in taxes. How will it move the dollar? Here is the view from Bank of America: Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research discusses the impact … “USD: 3 Reasons Why US Tax Reforms A ‘Big Deal’ To Support USD In Early 2018 – BofAML”
USD/JPY: To 107 or 122? Two opinions
Dollar/yen had a well-defined range during 2017 and it is now heading towards the top of that range. Where will it go next? Here are two different opinions. Here is their view, courtesy of eFXnews: USD/JPY: Three Reasons For More Upside In 1H Of 2018 – BofA Merrill Bank of America Merrill Lynch FX Strategy … “USD/JPY: To 107 or 122? Two opinions”
Why are nations choosing to digitize their fiat currencies?
Australia, which is home to one of the most popular currencies traded, is already knee deep in their assessment towards digitizing their own cryptocurrency. Whilst smaller countries like Estonia and Lebanon have already decided to create their own cryptocurrency, a digital Australian currency would have a significant impact on the current cryptocurrency landscape. Unimaginatively titled … “Why are nations choosing to digitize their fiat currencies?”
USD: 3 Reasons For Not Calling The Start Of Another Bull Cycle In 2018 – ING
The US dollar has gained quite a bit of ground in recent weeks. Can it continue into 2018? The team at ING has some doubts. Here is their view, courtesy of eFXnews: ING FX Strategy Research discusses the USD outlook into the coming year and makes a case for not calling for the start of another USD … “USD: 3 Reasons For Not Calling The Start Of Another Bull Cycle In 2018 – ING”
GBPUSD- is the bottom already here?
Looking at the GBPUSD currency pair, there is definitely a possible reversal from the current levels. Since the 30th of November, it has been steadily declining. The level of 1.3350 was the first major support level and it looks like market participants are really reacting to it with a pinch of bullish enthusiasm. By looking … “GBPUSD- is the bottom already here?”
Fed Chair nominee Powell signals policy continuity
The Fed chair nominee, Jerome Powell’s confirmation hearings began last week. Powell, currently the governor of the FOMC said that he preferred the current Fed’s policy of normalizing interest rates. Although Powell did not explicitly commit on the December rate hike, the potential chairman of the Federal Reserve hinted that the odds for rate hikes … “Fed Chair nominee Powell signals policy continuity”
GBP: Fading Extreme Brexit Optimism; What’s The Trade? – Barclays
The pound could not break high resistance and dropped to lower ground on Monday’s failure to reach a Brexit breakthrough. The What’s next? Here is the view from Barclays. Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research discusses GBP outlook in the near-term, and thinks that investors should consider fading the current … “GBP: Fading Extreme Brexit Optimism; What’s The Trade? – Barclays”
AUD: 2 Key Drivers To Continue Undermining AUD; What’s The Trade? – Nomura
The Australian dollar enjoyed positive news out of the land down under and advanced quite nicely. But it can return to the downside as well, especially if GDP disappoints. Here is the view from Nomura: Here is their view, courtesy of eFXnews: Nomura FX Strategy Research discusses AUD outlook into year-end and thinks that the relative AUD … “AUD: 2 Key Drivers To Continue Undermining AUD; What’s The Trade? – Nomura”
What’s involved in creating a new ICO
Everyone is talking about cryptocurrencies and ICO’s. Whilst Bitcoin has been in the public consciousness for years and everyone understands how they can be used and what they do, the new cryptocurrencies can be a bit of a confusing matter. To understand it a little better, let’s go through the process of making our own … “What’s involved in creating a new ICO”