Insights from Learn2.trade

[analyst75 12]

EURJPY Approached Recent Swing Lows, Likely to Breach the Low of the Year on the Level at 117.50

 

EURJPY Price Analysis – August 16

 

The pair depreciated again in value against the Japanese Yen. The currency pair during the mid-week breached both the upper and lower horizontal lines on the moving average 5 and 13 while completing another lap on the low in today’s session towards the low level at 117.50.

 

 

Key Levels

 

Resistance Levels: 123.01, 121.40, 119.91

 

Support Levels: 117.50, 117.00, 114.84

 

EURJPY Long term Trend: Bearish

The Daily time frame displays the EURJPY at the low, showing the pair is also testing a swing area on the level at the 117.50 to the level at 118.16 below the moving average 5 areas. The price attempted to dip below the area on August 12 to the low for the year on the level at 117.50, but could not keep the momentum going. The swing area was reestablished as support on August 13 and again today

 

However, buyers are trying to lean against the low level at 117.50, on the retest and hoping for a quick bounce. The trend is showing a bearish outlook in the medium and long term.

 

EURJPY Short term Trend: Ranging

On its Intraday, the bias in EURJPY remains neutral for the moment. With the level of 119.91 minor resistance intact, further decline is in favor. Although a break of the level at 117.50 will resume a large downtrend to the level at 114.84 support next.

 

However, on the break of 119.91 resistance will indicate short term bottoming. A stronger rebound should be seen to the horizontal resistance line now at 121.40.

[analyst75 12]

AUDUSD Market Dragged Lower on Bears Dominance

 

AUDUSD Price Analysis – August 15

The bears were in full control moving the market lower in the prior session, although in the present session we see the pair found buyers around the level at 0.6748 for the 4th day in a row while the pairs bear dominance is evident falling to lowest close since the beginning of the year.

 

Key Levels

Resistance Levels: 0.7297, 0.7207, 0.7085

Support Levels: 0.6748, 0.6676, 0.6620

 

AUDUSD long term Trend: Bearish

In the bigger picture of the daily time frame, the decline from the level at 0.7207 (high) is seen as resuming the long term downtrend from 0.7297 (February high). Firm break of the level at 0.6876 (low) should confirm this bearish view.

 

On observation, further fall may be seen to the level at 0.6620 (low) next. On the upside, the break of the level at 0.7085 resistance is needed to be the first sign of medium-term bottoming. Otherwise, outlook will remain bearish even in case of a strong rebound.

 

 

AUDUSD short term Trend: Ranging

On the flip side of the 4-hour chart, the AUDUSD is staying in consolidation from the level at 0.6676 and it’s intraday bias remains neutral first. On the upside, the break of the level at 0.6827 will extend the rebound.

 

But upside should be limited below the level at 0.6909 support turned resistance to bring fall resumption. On the downside, the break of the level at 0.6676 may target 100% projections from the level at 0.7085 to 0.6827 from 0.7085 at 0.6620 level reflecting on the daily chart.

[analyst75 12]

Staying Within Previous Boundary EURJPY Continues to Trade Within a Range

 

%2> EURJPY Price Analysis – August 23

In today’s trading session, the common European currency traded sideways against the Japanese Yen. The currency pair was trading below the moving average 5 and 13 since yesterday’s trading session. We may see bearish traders pressurize the currency pair towards the level at 117.50 before the end of today’s trading session.

 

 

Key Levels

 Resistance Levels: 123.01, 119.88, 118.33

 Support Levels: 117.65, 117.50, 117.00

 

 EURJPY Long term Trend: Bearish

In the daily picture, the EURJPY pair may most likely maintain the price range during the next trading session. Alternatively, a breakout may occur downwards.

 While the exchange rate has been trading within the range of the level at 118.33 and 117.50 since mid-August. The trend is bearish, showing an intact downtrend in the medium and long-term.

 

 

EURJPY Short term Trend: Bearish

Today’s trading range has been going negative and more, and that’s below the last trading month’s daily average range. On the flip side, we may see a change in trend with renewed upward strength.

 

Buying could accelerate should prices move above the close-by swing high towards the level at 118.33 where further buy stops might get activated. Although with the level at 119.88 resistance intact, near term outlook remains bearish.

 

Edited August 24, 2019 by analyst75

[analyst75 12]

Near Term Outlook Unchanged as AUDUSD Trades Weaker

 

AUDUSD Price Analysis – August 22

The Aussie is holding weaker so far with the yuan softer on the day on a softer note for the equities and treasury yields. However, yuan has a relative effect on USD as the PBOC fixed the yuan weaker again today, reaffirming the notion that they will allow the currency to weaken but not too quickly.

 

Key Levels

Resistance Levels: 0.7205, 0.7085, 0.6827

Support Levels: 0.6748, 0.6676, 0.6620

 

AUDUSD Long term Trend: Bearish

But as seen in the daily picture above, the near-term picture in AUDUSD remains unchanged despite the pair slipping to session lows on the level at 0.6748 currently. Both buyers and sellers have more work to do to gain more momentum to push prices out of the downward range since last week.

 

While the forex pair is experiencing a stall, this could just be a correction, as both the medium and long-term trends are still bearish.

 

AUDUSD Short term Trend: Ranging

However, AUDUSD needs to break the monthly support zone on the level at 0.6676, which is currently providing support for the momentum on the pair at the level at 0.6748.

 

The currency exchange rate will most likely continue to trade downward and flat for today waiting for the required volatility to change the direction.

 

 

[analyst75 12]

EURJPY Turns Lower Again After a Bullish Rebound, Now Pushing Through Key Support Level at 117.00

 

EURJPY Price Analysis – August 30

EURJPY pushes through the key area, past the horizontal line on the level at 117.00 during today’s trading session although on Thursday the common European currency appreciated against the Japanese Yen with almost 59 points to the upside.

 

Key Levels

Resistance Levels: 124.03, 121.66, 119.59

Support Levels: 116.59, 116.00, 114.84

 

EURJPY Long term Trend: Bearish

Showing on the daily time frame, sellers have managed to take out the key technical support horizontal line on the level at 117.00 during today’s trading session. EURJPY is staying in consolidation from the level at 116.59.

However, in the case of stronger recovery, the upside should be limited by the level at 119.59 resistance to bring fall resumption. The trend is bearish, and it’s showing an intact downtrend in the medium and longterm.

 

EURJPY Short term Trend: Bearish

On the 4-hour time frame, given that the currency pair has breached the key technical support horizontal line on the level at 117.00, most likely, bearish traders might dominate the EURJPY pair during the following trading session.

 

As it is, intraday bias remains bearish and on the downside break of the level at 116.59 will resume a larger downtrend to the level at 114.84 medium-term support. Though, a break of the level at 119.59 will indicate short term bottoming and bring stronger rebound.

 

 

Source: https://learn2.trade 

 

 

[analyst75 12]

AUDUSD in a Continuous Bearish Market Breaking past Key Technical Support Level at 0.6740

 

AUDUSD Price Analysis – August 29

The FX pair is moving lower gradually for the 3rd day in a row, during the past 24 hours, the Australian Dollar has depreciated against the US Dollar, and subsequently closing below its opening price while unable to hold early session gains.

 

Key Levels

Resistance Levels: 0.7085, 0.6909, 0.6823

Support Levels: 0.6676, 0.6620, 0.6600

 

AUDUSD Long term Trend: Bearish

In the bigger picture, today’s close may mark the lowest recorded closing price since the beginning of the year, with room for more downside. The potential target for bearish traders within the next 24 hours of trading will be on the level at the 0.6676 area.

 

Selling could accelerate should prices move below the close-by swing low on the level at 0.6676 where further sell stops might get activated. The trend is bearish, showing an intact downtrend in the medium and long-term.

 

 

AUDUSD Short term Trend: Ranging

On the flip side, the AUDUSD intraday bias remains neutral for the moment. On the upside, a break of the level at 0.6823 minor resistance will extend the rebound from the level at 0.6676 low.

 

However, the upside should be limited below the level at 0.6909 support turned resistance to bring fall resumption. Otherwise, the AUDUSD currency exchange rate will most likely continue to trade south today.

 

 

[analyst75 12]

Facebook’s Libra To Apply For Licence In Switzerland

 

Swiss financial regulators have signaled that Facebook’s cryptocurrency, Libra is mandated to meet up to extra requirements besides acquiring a payment system license before they can begin operations in the region.

 

In a recent press release, the Swiss Market Supervisory Authority (FINMA) explained that the diverse services projected by Libra have created the need for adding the requirements being imposed. They stated that due to the issuance of payment tokens by Libra, the operations planned by Libra would clearly exceed those of a pure payment system and therefore should be subjected to such extra requirements.

 

The Extra Regulatory Requirements

According to FINMA, the extra requirements would be targeted specifically at liquidity, risk concentration and capital allocation.

 

The financial regulators of Switzerland have also noted that the management of Libra is another element necessitating the demand for Facebook to meet extra requirements concerning its cryptocurrency initiative.

 

In the launch of the Libra white paper in June, Facebook noted that the reserve would be controlled by a web of custodians who would be spread across different geographies. The so-called custodians will be mandated to possess an investment-grade credit rating.

 

Also, Facebook noted that the real assets used to back the Libra cryptocurrency would be a selection of low-risk assets such as bank deposits and government securities.

 

What Form Will these Extra Libra requirements take?

 

According to FINMA, the extra regulatory requirements that Libra would have to meet would be nothing different from what other participants in the financial markets have to adhere to.

 

For example, Libra would be expected to be exposed to certain bank-like rules such as a large simultaneous number of withdrawals of Libra coin by users would have to be palliated by the application of certain bank-like regulatory requirements. This means that Facebook would be required to obtain a banking license. This idea has been pushed for in the past by U.S. President, Donald Trump.

 

FINMA also mentioned that Libra’s international range will mandate a globally coordinated approach. This new development would drastically delay the launch of the cryptocurrency.

 

U.S. Pressures Switzerland over Libra Cryptocurrency

Switzerland is under intense pressure from the United States to ensure that its cryptocurrency regulations are not prone to misuse. Facebook chose the Central European nation as its hub because of the country’s progressiveness towards FinTech.

 

According to a report by the Wall Street Journal, officials from Switzerland and U.S. Held a meeting in Switzerland earlier this week, where they discussed matters surrounding the new cryptocurrencies regulations.

 

The U.S Undersecretary of the Treasury for Terrorism and Financial Intelligence, Sigal Mandelker, emphasized his concerns over the need to have regulations strong enough to fend off bad actors. He mandated that the Swiss handle these concerns with all importance.

 

Source: https://learn2.trade 

 

[analyst75 12]

China’s New Cryptocurrency

 

China plans to release a new digital currency which would bear some similarities to Facebook’s Libra coin. It would be usable across several platforms like WeChat and Alipay.

 

In a recent interview with the Shanghai Security News on the 6th of September, the deputy director of the People’s Bank of China, Mu Changchun, stated the purposes and the need for the new digital currency. He stated that the central bank needed to evolve from the use of traditional paper currency and delve into electronic payment methods which are making strong advances around the world. He said that the digital currency would be a realistic way to protect monetary sovereignty and legal currency status, stating that this digital currency initiative was a way of planning for a rainy day.

 

He also mentioned that digital currency would be as safe as the traditional central bank-issued paper notes and that it could even be used without requiring an internet connection. This offline feature is one of its major selling points as monetary transactions can still be carried out even in the face of communication breakdowns resulting from natural disasters like earthquakes, tsunamis and so on.

 

In 2014, the Chinese central bank set up a research party to explore the possibilities of a China-based digital currency to reduce the costs of producing and circulating paper money, which in turn would boost policymakers’ control over the supply of money.

 

Information about the development of this new digital currency was unknown to the public until last month when Mu announced that the innovation was almost ready.

 

US-based financial magazine Forbes has made claims that the currency would be ready by November 11.

 

Analysts are saying that the announcement made by social media giants, Facebook on the release of its digital coin, Libra, is the reason for the acceleration of the push towards digital currency by the PBoC.

 

Mu made mention of how the new digital currency would strike a balance between allowing anonymous payments and preventing money-laundering as compared to Libra. Although the Chinese digital currency may bear some resemblances with Libra, it would possess characteristics that even Libra didn’t have.

 

Facebook’s Libra

Facebook’s Libra has sparked a lot of worries among global regulators that it could become the predominant digital payment format and could become a medium for money laundering considering the social media’s wide reach.

 

Libra is said to be a digital currency that would be backed by several real-world assets, including bank deposits and government securities, and it will be held by a network of stewards. The structure of Libra is predicated on promoting trust and to stabilize its price.

 

Finally, Mu further discussed the superiority of the digital currency over altcoins was that others could go bankrupt and cause its users huge losses. Thus he said, can never be the case of PBoC’s new currency.

 

Source: https://learn2.trade 

 

 

 

 

[analyst75 12]

Bearish Momentum Returns on the EURUSD Just as Worse Than Expected News Release Halt Its Recovery

 

EURUSD Price Analysis – September 23

The eurozone keeps on battling, thus resulting in selling pressure on the EURUSD pair, as fragile worldwide conditions and the U.S-China trade dispute have negatively affected the manufacturing sector in Germany and the remainder of the alliance. On the off chance that the U.K. leaves Brexit without a bargain, the EU economy will likewise be influenced and this could dampen sentiment.

 

Key Levels

Resistance Levels: 1.1412, 1.1210, 1.1162

 

Support Levels: 1.0955, 1.0926, 1.0339

 

 

EURUSD Long term Trend: Bearish

In the daily picture, the downtrend from the level at 1.1412 (high) is still in progress. Likewise, the prior rejection of the horizontal resistance zone from the trendline also maintained its bearishness.

 

Meanwhile, a further fall should be seen to the level at 1.0926 low and a decisive break there will target the low on the level at 1.0339. Towards the upside, a break of the level at 1.1412 resistance is needed to indicate medium term bottoming. Otherwise, its trend will stay bearish in case of rebound.

 

EURUSD Short term Trend: Ranging

The intraday bias in EURUSD remains neutral as consolidation from the level at 1.0926 continues. Its trends stay bearish with the level at 1.1162 resistance intact and further fall is expected.

 

However, on the downside, the sustained break of the level at 1.0926 will resume a larger downtrend from 1.1210 past the low on the level at 1.0926.

 

Source: https://learn2.trade 

 

[analyst75 12]

Market-Making Bot: How to Choose, Customize, and Set-Up

 

Crypto trading bots are technologies that allow crypto traders to customize a trading medium where their trading strategies are executed automatically at any time of the day. This technology has become popular in the cryptocurrency market and is dubbed “market-making bots”.

 

 

 Market-Making

 

Market-making is the act of buying and selling of digital assets to make a profit from the disparity between the bid and offer prices.

 

Market-making is usually carried out by banks, brokerages, hedge funds, and other proprietary trading entities. However, crypto trading bots are beginning to facilitate increasing numbers of market-making orders, which is a clear indication that the use of this technology is on the rise.

 

 

 

How to Choose a Market-Making Bot

 

When it comes to choosing a crypto trading bot that can carry out market-making tasks, there are some key features you need to look out for which includes a sound reputation, adequate security of the bot, possession of quality features, adequate customizability, and affordable pricing.

 

 

 

How to Customize a Market-Making Bot

 

Even though the customization and set up process differs across market-making bots, the steps listed below will assist the user in navigating their market-making bot regardless of the software being used.

 

1- You need to sign up: Once the user has selected their preferred trading software to build their bot, the user will be required to register and then log on to the platform.

 

2- Select your currency pair: The user will be required to choose a digital currency pair for which they desire the bot to market-make.

 

3- Decide on the level of aggressiveness: In the market making context, aggressiveness is the mid-price level the user might prefer their bot to trade.

 

4- Implement risk management measures: Normally, the trading bot software comes with some risk management criteria, like stop-loss limits and other automatic mechanisms that guarantee the protection of the user in situations of sudden and steep price drops and spikes.

 

5- Run backtests: a lot of crypto trading bots provide testing options for the user to try out their trading strategies with previous historical prices.

 

6- Live testing: whether or not the trading bot comes with a backtesting option, the user will still need to try out their strategy in live market conditions to see how their strategy fares.

 

7- Capitalize the bot: once the user is satisfied with the bot’s performance, there is a need to capitalize on the software to begin the profit-making venture.

 

8- Go live: obviously, the next thing the user will need to do is to launch the bot software.

 

9- Monitor the not: Finally, the user has to monitor the performance of the bot. Even after the backtesting process, the user is still expected to observe the bot’s operations to decide whether it needs tweaking or not.

 

 

Source: https://learn2.trade 

 

[analyst75 12]

 

Despite the Ongoing Trade Dispute, U.S. Manufacturing Records 5-Month High

 

Headline: As the manufacturing segment put up a silent recuperation in September, demonstrating a level of versatility in the more extensive U.S. economy, the trade dispute keeps on negatively affecting the general business standpoint, as per new IHS Markit information.

 

The latest Purchasing Managers’ Index (PMI) overview from IHS Markit demonstrated that U.S. Manufacturing, which is firmly attached to engineering and industrial production, had hit another five-month high, by recording a superior value to anything expected for September.

 

The manufacturing segment process recorded 51.0—up from 50.3 in August and prevailing over the estimated consensus of 50.4.

 

The Minimal development in the business process demonstrates more versatility in the U.S. economy versus that of Europe, where comparable checks demonstrated that euro-region manufacturing kept on contracting—to a great extent because of Germany’s manufacturing segment recording the most noticeably awful crash since the economic downturn, as services development and employment creation likewise eased back.

 

Notwithstanding the bounce in U.S. industrial production, the exporting records have kept on debilitating and industrial facility conditions are the most noticeably after 2009, declared IHS Markit. The general business process prospects, however “displays uncertainty” because of pressures from trade disputes.

 

The market-inspired lull on the manufacturing additionally overflowed into the service segment, as displayed on IHS Markit’s release. The U.S. services PMI came in at 50.9 for September, up from 50.7 in August, yet at the same time lower than the estimated 51.5. The value is one of the most reduced in the previous three-and-a-half years, one more indication of a slowed employment sector.

 

Key Foundation: Another check estimating U.S. industrial production, is the Institute for Supply Management’s PMI, which has demonstrated that the business process reduced in August. While the manufacturing process tumbled to its absolute bottom in three years a month ago, including the China trade dispute whittling down a large part of the segment. Another round of levies in August, achieving additionally cost demands and decreased net revenues, together negatively affected U.S. businesses, as indicated by the ISM.

 

Essential Statement: The chief business economist in IHS Markit, Chris Williamson, remarked on the PMI information: “The overview demonstrates that organizations keep on battling against the challenges of trade stresses and raised vulnerability over the trend. Even though it’s getting marginally, the general pace of development in September stayed as one of the weakest after 2016.”

 

Source: https://learn2.trade 

 

[analyst75 12]

Despite the Ongoing Trade Dispute, U.S. Manufacturing Records 5-Month High

 

Headline: As the manufacturing segment put up a silent recuperation in September, demonstrating a level of versatility in the more extensive U.S. economy, the trade dispute keeps on negatively affecting the general business standpoint, as per new IHS Markit information.

 

The latest Purchasing Managers’ Index (PMI) overview from IHS Markit demonstrated that U.S. Manufacturing, which is firmly attached to engineering and industrial production, had hit another five-month high, by recording a superior value to anything expected for September.

 

The manufacturing segment process recorded 51.0—up from 50.3 in August and prevailing over the estimated consensus of 50.4.

 

The Minimal development in the business process demonstrates more versatility in the U.S. economy versus that of Europe, where comparable checks demonstrated that euro-region manufacturing kept on contracting—to a great extent because of Germany’s manufacturing segment recording the most noticeably awful crash since the economic downturn, as services development and employment creation likewise eased back.

 

Notwithstanding the bounce in U.S. industrial production, the exporting records have kept on debilitating and industrial facility conditions are the most noticeably after 2009, declared IHS Markit. The general business process prospects, however “displays uncertainty” because of pressures from trade disputes.

 

The market-inspired lull on the manufacturing additionally overflowed into the service segment, as displayed on IHS Markit’s release. The U.S. services PMI came in at 50.9 for September, up from 50.7 in August, yet at the same time lower than the estimated 51.5. The value is one of the most reduced in the previous three-and-a-half years, one more indication of a slowed employment sector.

 

Key Foundation: Another check estimating U.S. industrial production, is the Institute for Supply Management’s PMI, which has demonstrated that the business process reduced in August. While the manufacturing process tumbled to its absolute bottom in three years a month ago, including the China trade dispute whittling down a large part of the segment. Another round of levies in August, achieving additionally cost demands and decreased net revenues, together negatively affected U.S. businesses, as indicated by the ISM.

 

Essential Statement: The chief business economist in IHS Markit, Chris Williamson, remarked on the PMI information: “The overview demonstrates that organizations keep on battling against the challenges of trade stresses and raised vulnerability over the trend. Even though it’s getting marginally, the general pace of development in September stayed as one of the weakest after 2016.”

 

Source: https://learn2.trade 

 

[analyst75 12]

Hollywood Star Ventures Into Security Tokens

 

As groundbreaking innovations continue to penetrate the finance space, it is almost impossible for this innovation not to spread to other industries. The movie industry is one of such sectors currently experiencing such revolutions. This is due to the invention of distributed technologies like Blockchain, which has brought about the concept of tokenizing everything.

 

Tokenization is the practice of amplifying the liquidity of real-world assets. The idea behind tokenization is the same as stocks or shares, which denotes fractional ownership of stakes in a company. Anything and everything can be tokenized, and many believe it’s only a matter of time before everything is.

 

Daywalker Movie Fund

 

Award-winning actor, director, producer and martial artist Wesley Snipes, is on a bid to capitalize on this advancement with tokenization. The Hollywood actor in collaboration with Liechtenstein Cryptoassets Exchange (LCX), is planning to tokenize $25 million for a movie fund. The project is known as “Daywalker Movie Fund” (DMF) which intends to invest in Wesley Snipes and his production house, Maandi House Studios will create a medium for investors all over the globe to acquire a share in the fund’s production.

 

 

LCX plans on launching a fully compliant security token offering (STO) with the DMF, which will be represented by the DMF security token, to create a level playing field for both retail investors and Hollywood financiers.

 

 

Regulatory Perks

 

STOs, like initial coin offerings (ICO), provide value via a digital token. Although, security tokens, unlike ICOs, are developed with a firm foundation of regulatory due diligence. Also, security tokens represent real assets, much like shares in a company or equity in real estate while ICOs offer a token that can be utilized only through specific infrastructure.

 

One major characteristic that gives security tokens its legitimization is it’s time ties to regulatory governance. However, the operational construct of tokenization differs across jurisdictions. In Liechtenstein, where LCX is situated, the regulatory body passed a law dubbed the Blockchain Act. The act virtually provides an explicit legal basis for ownership as well as a safe storage of the security tokens. It also provides strict rules concerning Anti-Money Laundering and Know Your Customer (KYC) requirements.

 

 

An Increasing Demand For Tokenization

 

Wesley Snipes will not be the first to undertake this journey into movie tokenization. The pioneering body of the concept is tZERO, a Blockchain subsidiary of a U.S. retail company Overstock.com.

 

There is a rising demand for tokenized funding, considering that there is a dire need in the film industry for new avenues for liquidity. Normally, funding in the film industry comes from different revenue streams like hedge funds and individual investors from wealthy individuals. The downside to this in contrast to security tokens is that creates a situation whereby ownership of the finished product is shared with the investor.

 

 

Source: https://learn2.trade 

 

[analyst75 12]

Lawmakers Pen Down Concerns to the Fed Over National Digital Currency

 

Two United States lawmakers have urged the Federal Reserve to evaluate the possibilities of creating a digital dollar currency.

 

House of Representatives members, French Hill and Bill Foster recently sent a letter to the Federal Reserve Chairman Jerome Powell, expressing the concerns they have on the implications the US dollar would face in a likely scenario where another country or private company develops a widely used digital currency. They asked if the apex bank was exploring ways to develop their version.

 

The details of the letter were first published by Bloomberg Law which recounts how the Fed possesses the right to create and oversee currency policies.

 

The congressmen wrote that the central bank of the United States had it on its jurisdiction to create a national digital currency. They added that they were worried that the importance of the US dollar could be put in a long-term danger by the adoption of digital fiat currencies across the globe. They wrote that the Bank for International Settlements carried out a survey and discovered that 40 countries across the globe have developed or are planning on developing a digital currency.

 

There have been demands for the global financial system to gravitate away from the dollar. Most peculiar of these calls was when the Bank of England governor, Mark Carney proposed that a digital currency supported by a basket of other financial instruments will assist nations in making this change.

 

According to the letter, Foster and Hill wrote that cryptocurrencies are presently used for speculative functions in the United States, but have the potential to function as the traditional currency of the future. Also, they wrote that the country shouldn’t depend on private corporations to create digital currencies.

 

The letter categorically made mention of Facebook’s cryptocurrency project, Libra. They wrote that if this project by Facebook gets implemented, it could eliminate vital aspects of financial administration outside of the United States jurisdiction.

 

The letter went on to cite recent efforts by private corporations like J.P. Morgan and Wells Fargo.

 

 

Further Suggestions

 

The letter articulates some concerns like what measures is the Fed taking to develop a digital currency, what backup plans the organization were taking if a digital fiat currency gains momentum, what legal or regulatory issues could impede the Fed from assembling a digital currency, what market threats could confront the Fed’s digital currency when it is released and finally, what were the advantages to taking on this project.

 

However, US Reps. Foster and Hill are not the only ones suggesting that the Fed looks into developing a digital currency. In 2018, former Federal Deposit Insurance Corporation Chair, Sheila Bair, likewise suggested that the Fed create its digital currency to prevent disruption from the private sector and other nations.

 

Nonetheless, the Fed is planning on creating a real-time payment system, although it is uncertain if the system is cryptocurrency-based.

 

 

Source: https://learn2.trade 

[analyst75 12]

AUDUSD Discovers Its Potential for the Upside Movement as Buyers Lean on the Key Support Level

After discovering its potential for the upside movement, AUDUSD has appreciated against the greenback since the prior trading session. The FX pair had exited the prior session above its opening price after recovering from early selling pressure.

 

Key Levels

Resistance Levels: 0.6895, 0.6805, 0.6776

Support Levels: 0.6671, 0.6620, 0.6600

 

AUDUSD Long term Trend: Bearish

Despite trading down to the level at 0.6671 earlier during the previous session, the FX pair had bounced off the horizontal support zone. Meanwhile, its failure to close below the support level might increase the zones’ significance as support going forward.

 

However, if the currency pair breaks the support level, bears could drive the price towards the lower boundary of the horizontal support zone on the level at 0.6620 during the following trading session.

 

AUDUSD Short term Trend: Bearish

On the flip side of the 4-hour chart, showing the level at 0.6740 minor resistance intact, it’s intraday bias stays on the downside. And the decisive break of the level at 0.6671 low will resume the larger downtrend.

 

While on the upside, the level at 0.6776 minor resistance is likely to turn bias back to the upside for stronger recovery first, and outlook stays bearish, showing an intact downtrend in the medium and long-term.

 

Source: https://learn2.trade 

 

[analyst75 12]

USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly

USDCHF Price Analysis – October 8

The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908.

 

Key Levels

 

Resistance Levels: 1.0231, 1.0126, 1.0015

 

Support Levels: 0.9897, 0.9870, 0.9843

 

USDCHF Long term Trend: Ranging

The price of the pair has moved back towards the moving average of 5 and 13 areas on the level at 0.9950. This area requires to be broken to give buyers more upside potential to move higher.

 

However, the decisive break of the level at 1.0231 is required to indicate bullish resumption. Meanwhile, the medium and longer-term may remain neutral first.

 

USDCHF Short term Trend: Bearish

After trending downwards to about 50 pips lower after the open, the forex pair managed to reverse during the session as bulls took control and may exit the day above its opening price.

 

The USDCHF’s pull back from the level at 1.0015 extends lower today but stays well above the lower horizontal zone on the level at 0.9843 support. While still in a long-term uptrend, the short trends have turned bearish already.

 

Source: https://learn2.trade 

 

[analyst75 12]

GBPJPY Reverses Its Sell-Off Around the Level at 130.75

 OCTOBER 9, 2019  Azeez Mustapha  No Comments

 

GBPJPY Price Analysis – October 9

In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75.

 

Key Levels

Resistance Levels: 148.66, 137.80, 135.774

Support Levels: 130.75, 128.68, 126.54

 

GBPJPY Long term Trend: Bearish

In the bigger picture, the GBPJPY consolidation structure is still forming from the technical support zone on the level at 126.54 low.

 

A further upward move may be recorded towards the level at 146.57 and 148.66 in an extension where its resistance is glaring before completing the structure. However, the overall trend remains bearish while displaying an intact downtrend in the medium and long-term.

 

GBPJPY Short term Trend: Bearish

On the 4-hour time frame, its price is trading narrowly between the moving average 5 and 13 close to the key technical support level at 130.44.

 

As it is presently, the intraday bias in GBPJPY remains on the downside at this point where a corrective rebound from the level at 126.54 low should have completed. Meanwhile, its 4-hour RSI is bearish and pointing lower suggesting further weakness.

 

Source: https://learn2.trade 

[analyst75 12]

Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate

 

China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal.

 

The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in September from 62.45 million in August, as per information on its site. In tonnage terms, the most recent inflow sums 5.9 tons and comes in as an expansion of about 99.8 tons over the earlier nine months.

 

Bullion hit the most noteworthy in over six years in September as more slow development, the trade dispute and rate reductions prodded financial specialist request. National banks have been significant purchasers as well, particularly in developing markets. Administrative demands will probably proceed as protectionist strategies and geopolitical concerns add to the request, as forecasted by Suki Cooper, the valuable metals investigator at Standard Chartered Bank.

 

“With the stressed partnerships with the U.S., China requires support against its enormous possessions of the dollar, and gold serves that capacity,” said Howie Lee, a financial specialist at Singapore-based Oversea-Chinese Banking Corp. “As China turns into a superpower in its very own right, I anticipate progressively gold-purchases.”

 

China’s High Gold Appetite

The PBOC’s continuos running of bullion-purchasing has come against the difficult setting of the trade dispute with the U.S. furthermore, a stamped lull in development at home. While high-level discussions are set to continue in Washington this week, Chinese authorities are flagging they’re progressively hesitant to consent to an expansive bargain.

 

Spot gold spiked to as much as 0.4% to $1,511.31 an ounce on Monday and exchanged at $1,505.84 in early London exchange. While the value declined 3.2% in September, they remain high at 17% this year. The PBOC information was discharged at the end of the week.

Alongside China, Russia has additionally been including generous amounts of bullion. In the initial half-year, national banks overall got 374.1 tons, supporting the overall gold request to a three-year high, the World Gold Council declared.

 

While a tenth straight month of amassing, shows an unfaltering purchasing trend for the PBOC, China has in the past gone for significant stretches without uncovering moves for its gold possessions. At the point the national bank declared a 57% bounce in savings to 53.3 million ounces in mid-2015, that was the first update in quite a while.

 

Source: https://learn2.trade 

 

[analyst75 12]

The Economic Proscription of U.S. Farmers by China Maybe Forever

 

Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible.

 

It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far back as last year. They worry that they’ve put millions in soybean development on account of China. Since Chinese focus is now transferred towards Brazil rather, that market might be gone forever.

 

Once the confidence merchants have in the U.S. declines as a steady provider because of the trade dispute, the more vital its important for them to support and further broaden other avenues.

 

The developing danger for American agribusiness presently is that a great part of the piece of the overall industry lost throughout the year will be hard or difficult to win back at any point shortly, the Boston Consulting Group said in a detailed analysis discharged on Wednesday.

 

This is for the most part because of long term contracts that are regularly recorded among purchasers and sellers, contingent upon the item. The lesson from the analysis shows that U.S. farmers need to turn out to be less reliant on China, and simply trust in the best concerning those customers organizing a rebound sooner or later.

 

For the time being, China is going to Australia, Brazil, New Zealand, Russia, and also for its domestic producers as an option in contrast to American developed crops and animal proteins.

 

From the detailed analysis:

“The risk that U.S. agribusinesses may for all time lose foreign market share of the overall industry isn’t only hypothetical. In past trade disputes, for example, one with China including beef, the US has not recaptured its lost share. As a result of the increase of U.S. crops and food materials more costly than other choices, high duties bring down the price to merchants who plan to expand. Also, the fewer confidence merchants have in the US as a steady provider, in perspective on the potential for future trade disputes, the more important it progresses toward becoming for them to support and further expand. After some time, merchants could loosen up complex associations with suppliers from the U.S.”

 

China Receives Blames for the Pressure

And this is so because China is important to American farmers. China purchased $19.5 billion in U.S. agricultural items as of 2017, representing 14% of exports of farm produce, in light of BCS analysis. In July 2018, China slammed a 25% levy on U.S. agricultural items.

 

Exports at that point declined by an incredible 53% for the year. While exports to China have declined also for this year, over past years free fall.

 

There is another motivation behind why some China customers may not come back to the U.S. China is extending its very own crop acreage, particularly for soybeans. After some time, China will turn out to be progressively independent. Except if request increases generously, China will purchase its very own soybeans, regulating export development and under control in any case.

 

“Individuals in the business were in a condition of cheerfulness, believing that a bargain would soon be reached,” says Michael McAdoo, associate, and related executive for BCS in Montreal. “Our analysis demonstrates that regardless of whether there is a bargain, there is worry that a similar volume won’t return. They need to try different markets,” he declared.

 

Source: https://learn2.trade 

[analyst75 12]

Despite Running To The Highest Close In Six Months, GBPUSD May Fail To Reverse

 

GBPUSD Price Analysis – October 20

The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with this scenario, the pair is likely to gap while it reopens on Monday morning in Asia (Sunday evening in the US).

 

Key Levels

Resistance Levels: 1.3301, 1.3185, 1.2988

 

Support Levels: 1.2582, 1.2204, 1.1958

 

GBPUSD Long term Trend: Bullish

On the daily picture, the bulls took charge in the previous session and exited the day above its opening price, however, the pair failed to move past the prior’s day’s trading range and the price likewise failed to reverse below the previous day’s range.

 

The GBPUSD had rallied upwards to as high as the level at 1.2988 last week, before forming a temporary top there. In the case of a reverse, the fall may be contained by the level at 1.2582 resistance turned support to bring rise resumption.

 

 

GBPUSD Short term Trend: Bullish

An impermanent top is structured on the level at 1.2988 and intraday bias in GBPUSD stays on the upside. A few consolidations may be seen. Be that as it may, any pullback ought to be contained above the level at 1.2582 support to bring rise resumption.

 

Meanwhile, on the upside, a break of the level at 1.2988 will stretch out the recovery from the level at 1.1958 to 1.2582 from 1.2204 at 1.3185 next. Without bias analysis, the outlook is bullish and displaying an intact uptrend in the short and long-term.

 

Source: https://learn2.trade 

[analyst75 12]

Brexit Aftermath: The Market Reaction Of Bitcoin, Gold And Pound Sterling To Headline News In The EURO Zone

 

After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath?

 

As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government and the EU, everyone is on the lookout for the final date Brexit will conclude. And based on this scenario, an analysis is drawn on the aftermath of this separation in the politics of the EURO bloc and the effect on the price of Bitcoin, Gold and pound sterling.

 

Bitcoin: Since the start of Brexit, Bitcoin’s market cap had spiked higher and recovered about $10 billion worth. Before Brexit, the cryptocurrency of the first choice had been stable in price after crashing to a market cap of about $2.9 billion low around January 2015. However, after the crash, the cryptocurrency had spiked to about 300% within 18 months while the next super halving of the project is expected on the network from 25 to 12.5 fresh Bitcoin’s per 10 minutes.

 

As of mid-2016, the most liquid GBP market was the London based Coinfloor exchange. The exchange did around 772 Bitcoins’ worth of volume that day, valued back then at around $4.9 million, with data from the technical back end at the Trading view.

 

The Pound Sterling: The British national currency had crashed by almost 20% on the night of the vote after hitting a momentary high of about $1.5 versus the USD for about 8 months. Since crashing to a low of about $1.2 as at March 2017, the Pound sterling had rallied 6% within a 4-week time frame, after the UK parliament decided to vote and activate the Article 50 while then the Brexit journey began for the UK taking it two years to discuss its planned exit from the EURO bloc.

 

 

Gold: The safe-haven asset also spiked higher around the same time frame from mid-March to mid-April 2017 with its price rising about 7% versus the USD. Nevertheless, this scenario didn’t play out on Bitcoin as in March 2017, beginning with its price at $1000, Bitcoin had surged to hit an all-time value of about $1300, as a result of markets expectation for a Bitcoin ETF being endorsed. However, after its nullification was declared on 10th March 2017, the cryptocurrency fell to a low of about $888 which occurred concurrently with the UK’s law passage for its exit from EURO bloc. Ever since then as the UK’s Brexit discussions with the EU raged on, so did the Pound against the US-dollar and Bitcoin gained more to its price.

 

Bitcoin, Gold, and Pound Sterling Reactions to Brexit

During this timeframe transversing Brexit discussion and its process, the Pound lost the majority of its 15% gains recovered, to tumble from a high of $1.43 to hit $1.20 on 3 September. In a similar multi-day timeframe, gold broke out of its basic $1400 resistance level to rally 15% versus the US-dollar. While Bitcoin gained higher, then again, stayed on the level around $8,000—yet the genuine story of those 17 months incorporates the cryptocurrency crashing towards $3,000 (December 2018) preceding the move spiking to a high of almost $14,000 in June this year.

 

Source: https://learn2.trade 

 

 

[analyst75 12]

Fall Reversal On The EURJPY After Tumbling Below The Key Technical Support Level At 120.35

 

EURJPY Price Analysis – November 1

EURJPY currency pair tumbled and breached a significant horizontal zone on the level at 120.35 during yesterday’s trading session. As for the near future, buyers on EURJPY may take the exchange rate back to the upside to retest the price level at 121.10/121.47 within this session or the following trading session.

 

Key Levels

 

Resistance Levels: 127.52, 125.23, 123.37

 

Support Levels: 119.11, 117.08, 115.86

 

EURJPY Long term Trend: Ranging

In the EURJPY longer-term picture, the present scenario reinforces the idea that a medium-term bottom is formed around the lower horizontal zone at the support on the level at 117.08, on a bullish structure trendline in daily outlook, above the level at 115.86 critical support.

 

However, a decisive break of the level at 120.78 support turned resistance may reinforce this case and bring further advance to the falling outlook resistance presently on the level at 125.23. The FX pair displays weakness for the time being (as per its long term downtrend) with just the medium-term pattern as yet being bullish.

 

EURJPY Short term Trend: Ranging

The flipside of the EURJPY is remaining in consolidation from the level at 121.47 and it’s intraday bias at the current moment stays neutral. Meanwhile, in the likely event of a deeper plunge, its downside may be restricted above the level at 119.11 support to bring another rally to the upside zone.

 

As for the near future, buyers on EURJPY may take exchange rate back to retest the price level at 121.10/121.47 on the upside, a break of the level at 121.47 may re-energize the advance from 117.08 to the level at 123.37 next.

 

Instrument: EURJPY

Order: Buy

Entry price: 120.78

Stop: 119.11

Target: 123.37

 

 

Source: https://learn2.trade 

[analyst75 12]

Malta’s Financial Authority Raises Alarm Of New Scam

 

According to a report filed on the 31st of October, the Malta Financial Services Authority (MFSA) has alerted the public of a Bitcoin scam. This new scam bears the same qualities as another scam that has been spotted in the past.

 

The MFSA has cautioned the public to avoid the body called ‘Bitcoin Future’ which seems to be displaying similar deceptive properties as another known as ‘Bitcoin Revolution’. The MFSA has already released 2 public warnings this year on Bitcoin Revolution. The report points out that these scam projects seem to always reappear on the internet as ads, after changing their labels to shield them from getting spotted.

 

The regulatory authority stated that the ads sold fake promises like “a way to build your life better” and “a unique opportunity for Maltese”, and directed the public to a precise webpage where the fake ads were being sold.

 

As a disclaimer, the MFSA has said that Bitcoin Future is not recognized as a legal corporation in Malta, does not have permission to deliver financial services in any way to the country, and does not conform to the transitory provision concerning Article 62 of the Virtual Financial Act of Malta.

 

To sum it up, the regulatory body has said that Bitcoin Future seems to be a global “get-rich-quick” scam and has advised its citizens to desist from engaging with it and that those who do would be doing so at their own risk.

 

The report also consisted of a link to an authorized list of financial entities that have been certified by MFSA, and procedures to identify if a service provider is a scam or not.

 

New Strategy and Alliance by the MFSA

In September, the MFSA broadcasted a scheme for vigorously monitoring and managing risks on cryptocurrency corporations.

 

The strategy, which will span from 2019 through 2021, disclosed that the regulatory body plans on upgrading their approach and will be working directly with the Financial Intelligence Analysis Unit, also with other global authorities.

 

Sometime this year, the MFSA contacted CipherTrace, a blockchain security corporation, to oversee cryptocurrency-related activities in the country and to battle fraudulent activities and terrorism financing.

 

 

Source: https://learn2.trade 

 

[analyst75 12]

Latest Releases May Push Recovery Past The Level At 1.30 Handle: What Next For GBPUSD?

 

GBPUSD Price Analysis – November 3

Due to recent news release, the GBPUSD pair may recover further past the horizontal line on the level at 1.30 handle. The pair exited the prior week higher at the level 1.2940. Trending about 28 pips higher after the open, the Cable was unable to hold its gains as the sellers took control ending the day below its opening price. As the new session begins, the 1.3000 level is critical and may limit a further advance.

 

Key Levels

Resistance Levels: 1.3301, 1.3185, 1.3012

 

Support Levels: 1.2582, 1.2195, 1.1958

 

GBPUSD Long term Trend: Bullish

In the longer picture, the present scenario affirms the case of medium-term bottoming on the level at 1.1958. However, at this stage, the rise from the level at 1.1958 is seen as consolidating from the previous fall.

 

And a further advance may be seen back towards 1.3301 resistance. As of now, this scenario may stay as the likely trend in as much as the level at 1.2582 resistance turned support is intact. Although the GBPUSD displays a short-term downtrend, its likely a correction, as both the medium and long-term trends are still bullish.

 

GBPUSD Short term Trend: Ranging

On the 4-hour time frame, the bias stays neutral before the next open as the GBPUSD is staying in consolidation from the level at 1.3012 from the last session while the outlook is unchanged.

 

Meanwhile, in the event of another retracement, the downside may be contained above the level at 1.2582 resistance turned support to effect another advance northwards. On the upside, the break of the level at 1.3012 may further its advance from the level at 1.2195.

 

Source: https://learn2.trade 

 

[analyst75 12]

FTX Crypto Derivatives Exchange: The New Trend In Future Options Trading

 

With a growing demand for crypto derivatives trading, new crypto derivatives exchange platforms are now emerging. Derivatives trading, account for more than half of 24-hour trading volumes recorded. The new chip on the block is FTX, crypto derivatives exchange from FTX trading ltd, a company based in Antigua and Barbuda.

 

More on FTX

FTX crypto offerings consist of futures, FTT token which is leveraged and OTC trading. It has created a niche for itself by its leveraged token and trading indices. Though quite new, trades recorded on it may not have been substantial, but analysts believe with the variety of crypto offerings it’s giving, it may soon witness phenomenal growth.

 

Recently, FTX brought on board its trading indices, eight well-known cryptocurrencies that are China-linked. These are BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET.

 

FTX has also built a name for itself in China despite china’s anti-crypto stance. The coins will be available to traders as a perpetual futures contract while providing a leverage time value of more than a hundred.

 

Listed on its platform for futures trading are major cryptocurrencies and index coins like Bitcoin(BTC), Ethereum(ETH), Litecoin (LTC), Ripple(XRP), Altcoin Index, Midcap Index, Shitcoin Index, and Exchange Token Index.

 

FTX Features

FTX gives you ‘leverage’ on your capital with its leverage time value of more than a hundred.

 

Its futures contract has a time tenure of the current quarter, next quarter and a perpetual future(DRGN-PERP).

 

FTX futures are Stablecoins-settled so this allows you to make deposits with Stablecoins while capturing your profit and loss(PNL) also. Thus, no need for bank account linkage.

 

Flexible collateral which may be Stablecoins or fiat currency.

 

No deposit or withdrawal fee.

 

Low trading fees that target the high volume user.

 

Bonus for sign up through referrals for its users.

 

Being backed by Alameda Research, a top cryptocurrency liquidity provider, FTX has access to top order books.

 

Various payment methods in the form of deposits like TUSD, USDC, PAX, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tether, Stablecoins and others which are FTX recognized are accepted on its platform.

 

FTX index futures contracts are the first of its kind.

 

FTX also offers its users the ability to activate 2 Factor Authentication (2FA) using Authy or Google Authenticator.

 

FTT: FTX Leveraged Tokens

Its Leveraged Tokens are ERC20 tokens that help users manage risk while reinvesting profits back into the asset being traded.

 

Is FTX Legit?

Not much can be said as regards this since it is still new but there have not been any regulatory violations or theft cases since its inception. However, details about the FTX method of storage of user funds are relatively unknown.

 

FTX Verification

The need for verification may arise for withdrawals above a thousand USD and for users who wish to increase their withdrawal limits. For this, an identity proof document with proof of address, ID document, the scanned front and back with a picture tagged “FTX” and date may be required.

 

Ending

FTX Exchange has created a niche for itself although it is advised for users to use the online tool and learn more to make the best choice of any trading tool or exchange.

 

Source: https://learn2.trade