Hold Ethereum With the cryptocurrency wars currently underway, two massive networks of peer-to-peer currencies are vying f

Hold Ethereum for the Long Term

Hold on to Ethereum for the Long Term

Ethereum Price Prediction 

Hold Ethereum With the cryptocurrency wars currently underway, two massive networks of peer-to-peer currencies are vying f

FOREX INVESTORS BUZZ  Hold Ethereum With the cryptocurrency wars currently underway, two massive networks of peer-to-peer currencies are vying for supremacy: Bitcoin (BTC) and Ethereum (ETH). Seen as the newer upstart, Ethereum is perhaps more exciting for investors who are looking to get in during the early goings-on.

The Ethereum price prediction is one of the most talked-about aspects of the cryptocurrency, as investors wonder just how high (or low) it can go. One thing is certain: no matter what side you fall on, there’s money to be made in ETH. The question is, do you sell fast or hold long?

Ethereum Price Chart 

Anyone who is looking to invest in cryptocurrencies must know that there is a lot of volatility, and ETH is no exception. The online currency lost about half of its value in the last month, peaking at about $400.00 per unit before falling to about $190.00. These types of swings are par for the course when it comes to this sector.

With the price as low as it is right now, this could be an excellent time to buy if you’re willing to hold long enough to experience the uptick.

Hold Ethereum

Ethereum Price Chart

 

Consider the massive panic attacks that swept across the ETH world when its whiz-kid creator, 23-year-old Vitalik Buterin, was rumored to have died in a car crash. The panic led to an approximate $4.0-billion loss in value of the cryptocurrency—all because one person was thought to have died. (Source: “Fake news of a fatal car crash wiped out $4 billion in ethereum’s market value yesterday,” Quartz, June 26, 2017.)

Just take a look at Ethereum’s closest rival and best analogue, Bitcoin. In 2013, the value of a BTC unit shot up from below $100.00 to over $1,100, only to decline to $700.00 nearly as quickly. After that it continued to fall for the next two years. One of the big reasons for the massive drop-off was the infamous Mt. Gox attack that saw the world’s largest Bitcoin trading exchange, Mt. Gox, lose almost $500.00 million worth of Bitcoin. It’s all reflected in the Bitcoin price chart history.

Bitcoin price chart

 

The moral of the story, though, is that, while the hack derailed the cryptocurrency for a good while, BTC did eventually recover (at one point peaking above $3,000), and now it sits above $2,300. ETH can be an equally successful investment; it just requires patience, steadfastness, and nerves.

When Will Ethereum Switch to PoS? 

Which brings us to another interesting development in the Ethereum price prediction: the switch from proof-of-work (PoW) to proof-of-stake (PoS).

The Ethereum switch to PoS will be one of the biggest events that the cryptocurrency world has experienced so far, with wide-reaching implications for ETH, BTC, and the whole idea of cryptocurrencies in general.

For a quick refresher, the change to PoS centers on Ethereum users looking to do away with the mining model that BTC employs, which is PoW.

AUDUSD flirting with 2-month lows

$AUDUSD could retreat to 0.7500 in the near term

AUDUSD could retreat to 0.7500 in the near term

AUDUSD flirting with 2-month lows

AUDUSD

Buz Investors AUDUSD could retreat The pair is trading at 0.7683 at 10:40 GMT this morning, with the Australian Dollar trading 0.1% higher against US Dollar from the New York close. Overnight data showed that Australia’s Westpac leading index advanced on a monthly basis in January. This morning, the pair traded at a high of 0.7709 and a low of 0.7664. The Australian Dollar traded 0.27% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7675. The pair is expected to its find support at 0.7651 and its first resistance at 0.7712.



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AUDUSD could retreat

  Overnight data showed that Australia’s Westpac leading index advanced on a monthly basis in January

AUD/USD has reversed the circulate after US elections, which pushed the pair as little as beneath zero.72 around year quit”.

“the dearth of info of the us management’s monetary plans has weighed on USD and supported AUD in January-February. furthermore, improvement in Australian economic statistics together with a extra constructive tone from the relevant financial institution has helped AUD to go back to pre-Trump degrees”.

“We realize the help for AUD from advanced international economic conditions and rising commodity prices. however, we nonetheless assume the RBA wants to restriction the upside in AUD and is prepared to melt its tone in case the trade rate appreciates excessively”.

“moreover, because the market should nicely fee in extra competitive motion by using the Fed, we see relative financial regulations assisting USD versus AUD in coming months”.

“We count on AUD/USD to back down from overbought levels over the following one-three months. We make a level shift to our forecast reflecting the today’s actions however maintain the profile unchanged, looking ahead to short-time period weak spot and longer-term stabilisation in AUD. Our 1M forecast is 0.seventy five, 3M forecast zero.73 and six-12M forecasts zero.74 and zero.75, respectively”.

 



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

$GBPUSD poised for further decline near term

GBPUSD poised for further decline near term

Buz investors GBPUSD poised for further decline At 10:40 GMT, the pair is trading at 1.2541, with the Pound trading a tad higher against US Dollar from the New York close. Going ahead, investors look forward to

GBPUSD

Buz investors GBPUSD poised for further decline At 10:40 GMT, the pair is trading at 1.2541, with the Pound trading a tad higher against US Dollar from the New York close. Going ahead, investors look forward to UK’s GfK consumer confidence index for January, scheduled to release overnight. The pair witnessed a high of 1.2600 and a low of 1.2506 during the session. On Friday, the Pound traded marginally higher against the US Dollar in the New York session and ended at 1.2539. Immediate downside, the first support level is seen at 1.2498, while on the upside, the first resistance level is situated at 1.2592.

In view of Karen Jones, Head of FICC Technical analysis at Commerzbank, Cable could see its promote off extended within the short term.



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GBPUSD poised for further decline

“GBP/USD closing week we charted a TD perfected installation on the daily chart and the near time period danger is that we are able to see a deeper sell off. Dips decrease are indicated to keep circa 1.2420/1.2340. currently we continue to be not able to rule out in addition power to the 1.2776 December high. between here and 1.2836 lies numerous Fibonacci retracements and main resistance and we suspect that it’ll struggle here”.

“The market is bid above the fifty five day ma at 1.2418 and the close to term danger remains at the topside. We suspect that costs will need to head sub 1.2250 with a purpose to alleviate on the spot upside stress. aid at 1.2250 guards the 1.1988/80 latest low”.

 

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Merkel expected to say she will seek fourth term

Merkel expected to say she will seek fourth term as German chancellor

Merkel expected to say she will seek fourth term as German chancellor

  • BUz Investors Merkel expected to say she will seek fourth term Angela Merkel is set to announce on Sunday she will seek a fourth term as German chancellor in next year’s election, ending months of speculation over whether one of the world’s most powerful women wants to run again after 11 years in office.
  • The 62-year-old conservative is widely seen as a stabilizing force in Europe at a time of uncertainty after Britain’s vote to leave the European Union and the election of Donald Trump as the next U.S. president.
  • On Sunday afternoon, she meets other leaders of her Christian Democrats (CDU) in Berlin to prepare for a party conference in December, the last before the election. She has called

Merkel expected to say she will seek fourth term

Merkel expected to say she will seek fourth term

Merkel expected to say she will seek fourth term Some 55 percent of Germans want Merkel, Germany’s eighth chancellor since World War Two, to serve a fourth term, with 39 percent against, an Emnid poll showed on Sunday, highlighting that despite setbacks, she is still an electoral asset.

Merkel, 62, has steered Europe’s biggest economy through the euro zone debt crisis and has won respect internationally, for example with her efforts to help solve the Ukraine crisis. U.S. President Barack Obama last week described her as an “outstanding” ally.

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Merkel expected to say she will seek fourth term

With Trump’s victory in the United States and the rise in support for right-wing parties in Europe, some commentators see Merkel as a bastion of Western liberal values.

However, her decision last year to open Germany’s borders to around 900,000 migrants, mostly from war zones in the Middle East, angered many voters at home and dented her ratings




Gold slips ahead of Fed

Gold Price Trends Downwards in Short Term

Gold Price Trends Downwards in Short Term

Gold

  • Buz Investors Gold Price Trends Downwards  Gold is trading at $1254.30 per ounce at 09:40 GMT this morning, 0.21% higher from the New York close.
  • This morning, the precious metal traded at a high of $1257.00 per ounce and a low of $1251.10 per ounce.
  • On Friday, gold traded 0.06% lower in the New York session and closed at $1251.70 per ounce, as a rally in global equity markets dented demand for the precious yellow metal. Immediate downside, the first support level is seen at $1247.23 per ounce, while on the upside, the first resistance level is at $1261.03 per ounce.

Gold Price Trends Downwards rose slightly on Monday morning in London

Gold slips ahead of Fed

Gold Price Trends Downwards Gold traded in a narrow range between $1250 and $1256 per ounce on Monday, after it fell nearly 0.6% to a 1-week low of $1246 last Friday and closed the week at $1251.

“Because the possibility of a December rate hike is increasing, generally, the trend of gold price is downwards but in the short term we think that there could be relatively a mild technical correction,” said Jiang Shu, chief analyst at gold mining group Shandong, who sees gold reaching $1270 in the short term before sharply falling back on expectations of a US rate hike.

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Bart Melek, head of commodity research at Toronto Dominion Bank, expects gold to dip below $1200 if the Fed raises interest rates, before the metal rallies to levels as high as $1350 again next year.

While speculation of a longer than expected easy monetary policy stance driving the 30-year bond yield to a 4-month high, the US Dollar index, which measures the greenback against a basket of other major currencies, fell slightly back below 98 after it touched 98.16 – the highest it has been since March.

In other precious metals, silver moved around last week’s close of $17.42 per ounce while palladium was up around 1% and platinum rose 0.8% after dropping to a 7-month low of $923 last Friday.

 

USDCHF hanging on the Edge of the ledge

USDCHF Technical Strategy: Stretches term range

USDCHF Technical Strategy: Stretches term range

USD-CHF

  • The US Dollar is trading at 0.9830 against the Swiss Franc at 09:40 GMT this morning, a tad lower from the New York close.
  • On the economic front, Switzerland’s UBS consumption indicator rose in July. The pair traded at a high of 0.9848 and a low of 0.9818 this morning.
  • Yesterday, the USD traded 0.23% higher against the CHF in the New York session and ended at 0.9832. The pair is expected to its find support at 0.9793 and its first resistance at 0.9858.

Franc has put-in extremely bullish price action as rate Boost bets have continued

USDCHF Technical Strategy: Stretches term range

a legitimate bullish reversal of near-term price action. And last Friday gave us our answer after USD/CHF rallied by more than 160 pips in the five hours after Janet Yellen’s speech at the Jackson Hole Economic Symposium. Chair Yellen and Vice Chairman Stanley Fischer successfully prodded markets towards higher-rate expectations, and this drove the U.S. Dollar higher as rate hike bets for the United States began to increase after months of driving lower.

The Swissy has seen considerable rip since that Friday morning batch of speeches, and price action has only continued in a bullish manner to send USD/CHF to a key area of resistance at .9834. This level was the August ‘swing-high’ in the pair while also being the 23.6% Fibonacci retracement of the May high/low in the pair.

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While this extremely strong move could be attractive for continuation potential, traders would likely want to scroll back on the chart to see the ‘bigger picture’ range with the twice-tested Fibonacci resistance level at .9948; which is the 61.8% retracement of the 2010 high to the 2011 low in the pair. Since falling into this range in March of this year, much of Swissy’s price action has been confined to this 450-pip range.

This is relevant for two reasons: A) This could cap top-end profit targets for bullish approaches at a meager 100-110 pips, which, while still ‘workable,’ could make for a difficult situation if chasing a near-parabolic move that’s more than 50 pips away from price action support. And B) should this recent bout of USD-strength reverse, this could make for an attractive short-side swing trade within the range if resistance at .9834 holds, enabling traders to lodge stops above .9948 whilst looking for profit targets in the .9550-.9600 vicinity.

So, while this near-term trend has been strong to the up-side, the longer-term range may present more potential to traders, particularly those looking to fade this recent bout of USD-strength.

 

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AUDUSD gains bolstered by USD softness

AUDUSD Short Term Levels Ahead of China’s CPI Data



AUDUSD Short Term Levels Ahead of China’s CPI Data

AUDUSD Short Term Levels Ahead of China’s CPI Data

AUDUSD Short Term Levels surged higher last week after the RBA cut rates to 1.5%, as the market appeared to have interpreted the central bank’s statement as not indicative of further rate cuts at the moment. In this context, the Australian Dollar may still find support as a 1.5% rate is still attractive in the current record low yield environment.

In their policy statement, the RBA said that actions by Chinese policymakers are supporting the near-term growth outlook, but the underlying pace of China’s growth appears to be moderating.

This puts the China Consumer Price Index (CPI) data in focus given the trading relations between the nations.

The headline year-on-year figure is expected to slow to 1.8% from the prior print of 1.9%, far from the PBOC’s target-level for CPI of 3.0%. A miss to expectations could increase the odds of the PBOC adopting a more dovish monetary policy, which could potentially hurt the Yuan and thus imports from Australia.

The AUDUSD is approaching a potential resistance area above 0.7637 (see chart below), with GSI calculating higher percentage of past movement to the downside in the short term. The GSI indicator above calculates the distribution of past event outcomes given certain momentum patterns, and can give you a look at the market in a way that’s never been possible before, analyzing millions of historical prices in real time. By matching events in the past, GSI describes how often the price moved in a certain direction.

USDJPY short term Outlook and tiers to recognize ahead US NFPs

USDJPY short term Outlook and tiers to recognize ahead US NFPs



USDJPY short term Outlook and tiers to recognize ahead US NFPs

USDJPY short term Outlook and tiers to recognize ahead US NFPs

USDJPY short term The USDJPY is trading sideways across the a hundred and one handle in the remaining couple of buying and selling days after sinking decrease following perceived disappointments from the BOJ monetary policy assertion and the japanese new fiscal stimulus plans.

This brief term sideways congestion places the point of interest firmly on america NPFs later these days for a probable range destroy catalyst
america Non-farm Payrolls take middle stage today. The headline parent is anticipated to reveal 180k growth in payrolls versus the previous big 287k print, and the unemployment determine is predicted to tick down to 4.eight% from the prior four.nine% determine.

The may and June figures noticed a large pass over and beat to expectations respectively. This makes these days’s numbers seem even extra of an unknown. The context, because it pertains to the united states dollar, is probably what the figures may want to imply at the backdrop of Friday’s massive 2Q US GDP sadness.

A large beat to expectancies (preferably with a beat in salary increase as well) would possibly shift sentiment to a more upbeat tone on the usa economy, and seems possibly to send america dollar better.

the opposite seems likely to color a gloomy photograph after Friday’s GDP figures and could potentially ship the us dollar tumbling.

AUDUSD Short Term Levels Ahead of The RBA Rate Decision

AUDUSD Short Term Levels Ahead of The RBA Rate Decision

AUDUSD Short Term Levels Ahead of The RBA Rate Decision

AUDUSD Short Term Levels Ahead of The RBA Rate Decision

The US ISM Manufacturing July figures are the first major event risk on the docket this week, set to hit the wires 14:00 GMT. The diffusion index is expected to slightly down tick for a 53.0 print from the prior 53.2 figure. The ISM numbers tend to have market moving impact, which could be amplified this time around as the market digests the huge miss to US 2Q GDP estimates this Friday.

Immediate impact of the GDP figures were reduced probabilities for a rate hike in the near future (based on Fed funds futures), with the larger narrative potentially being lower than expected growth in the US possibly harming the perceived stability in the US economy.

Further evidence today adding to the possible negative implications from Friday, especially with the ISM being a very timely indicator, could potentially send the US Dollar tumbling.

The RBA August rate decision in set to be announced 04:30 GMT. Expectations are for a cut in today’s meeting to 1.50% from the prior 1.75%. With that said, a cut is by no means a guarantee.

If the central bank opts to keep rates unchanged, the Australian Dollar seems likely to rise as participants could be caught on the wrong side. In case of a cut, focus might be put on the policy statement for evidence on the rate path. It remains to be seen how much scope the RBA has to cut rates going forward. If the RBA cuts but point to a “wait and see approach” down the line, the Australian Dollar may find support relatively soon as a 1.5% rate is still attractive in the current record low yield environment.