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29 July 2018

Below you can find our 29 July 2018 posts archive, organized chronologically.
  • New Zealand Notes

    NZD/USD Forex Technical Analysis – Rangebound Trade Suggests Impending Volatility

    The current chart pattern indicates that the direction of the NZD/USD on Monday is likely to be determined by trader reaction to .6805. Trading inside the .6688 to .6859 for the entire month of July indicates investor indecision and impending volatility. The longer the NZD/USD stays in the range, the greater the breakout potential.

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    USD/JPY Forex Technical Analysis – Taking Out 111.30 Could Drive Dollar/Yen into 111.899 to 112.208

    Based on Friday’s price action and the close at 111.016, the direction of the USD/JPY is likely to be determined by trader reaction to the major Fibonacci level at 110.868. The main trend is up according to the daily swing chart, however, momentum has been trending lower since the formation of the closing price reversal top at 113.210 on July 19. On Thursday, the USD/JPY formed a potentially bullish closing price reversal bottom. This suggests the buying may be greater than the selling at current price levels. A sustained move over 111.250 will confirm the chart pattern.

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  • Currencies

    Dollar Firms Against Basket, Loses Ground to Yen on Policy Change Concerns

    The U.S. Dollar finished nearly flat against a basket of currencies last week, losing ground to the Japanese Yen, but firming versus the Euro, Australian and New Zealand Dollars. Domestic economic data, a potential shift in Bank of Japan Policy and the possible settling of the trade dispute with the European Union were the catalysts behind the price action.

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  • Cryptocurrencies in May – Month in Review

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 29/07/18

    It’s a mixed start to the day, with a weekend rally yet to kick in to deliver new highs for the majors. Holding on to current levels will be key early on.

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  • Is Satoshi really the author of the 21-page release?

    Bitcoin – Will it be a Weekend Rally or Back to Sub-$8,000

    Bitcoin pulls back in the early hours, with $8,200 levels needed to support an afternoon rebound through to $8,300 levels to lock in the week’s gains.

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  • The Week Ahead

    The Week Ahead – A Mass of Data, Policy, Earnings and Trump in Focus

    It’s a busy week ahead, with a mass of data due out along with the BoJ, FED and BoE delivering on policy decisions in the week and then there’s Trump.

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  • Gold Chart

    Gold Price Futures (GC) Technical Analysis – Main Trend Changes to Up on Trade Through $1244.70

    Based on Friday’s close at $1232.70, the direction of the gold market on Monday is likely to be determined by trader reaction to $1232.90. The main range of $1221.00 to $1224.70 is the tightest main range in months so we could be coming close to a rally. Additionally, money managers are now net short, setting up the possibility of a strong short-covering rally.

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  • WTI Crude Oil

    Crude Oil Price Update – Daily Trend Turned Up Last Week, but Needs to Clear $70.42

    Based on Friday’s close at $68.69, the direction of the September WTI crude oil market on Monday is likely to be determined by trader reaction to $68.74. The main trend is up according to the daily swing chart. A trade through $69.92 will signal a resumption of the uptrend. A move through $67.56 will change the main trend to down.

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  • Natural Gas

    Natural Gas Price Fundamental Weekly Forecast – Short-Covering Rally Target $2.845 to $2.885

    Looking ahead to Thursday’s EIA report, the early estimate shows a 40 Bcf to 45 Bcf build for the week-ending July 27. Last year, the EIA recorded an 18 Bcf injection, and the five-year average is a build of 43 Bcf. The weekly chart indicates that as long as $2.671 holds as support, there is a chance of a near-term short-covering rally with $2.845 to $2.885 the best upside target. Sellers are likely to show up on a test of this area.

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  • Crude Oil

    Oil Price Fundamental Weekly Forecast – Could Be Forming Trading Range

    If the light volume on Friday is any indication, crude oil prices could slide into a trading range over the near-term. With the sanctions against Iran already priced into the market, traders are likely to continue to react to the Saudi’s halting of shipments and low U.S. inventories. These two events are supportive. Continued weakness in U.S. equity markets could limit gains, however, or weigh on prices.

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  • Neluns is the next step in the financial ecosystems evolution

    According to the latest official announcement from the Neluns team they plan to run an ICO in 3 phases: Pre-Sale, Pre-ICO and ICO. In the mission statement Neluns declares its ultimate goal to build the next generation financial ecosystem hinging on a bank and insurance company functionality

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  • Comex Gold

    Price of Gold Fundamental Weekly Forecast – Gold Traders Facing Slew of U.S. Economic Data

    The number of U.S. economic reports this week suggests impending volatility for gold traders. This is because all of them should have an effect on the U.S. Dollar and Fed activity. Although it finished lower last week, gold did have a couple moments of brightness. However, they were essentially fueled by a weaker dollar rather than increased demand for the precious metal.

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  • Alternative asstes

    Three Ways to Build a Winning Portfolio with Alternative Assets

    Portfolios are personal, and ultimately only you and your investment advisor can aptly assess your financial situation and goals. That said, if you’re looking to build a portfolio that incorporates crypto and other alternative assets with the larger goal of minimizing risk and maximizing potential returns, here are a few helpful strategies to keep in mind.

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  • bitcoin

    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.

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  • Argentinas' Economy

    Is There a Silver Lining for Argentina’s Economy?

    At the turn of the 20th Century, many economists once believed that Argentina was in a position to eventually outperform the United States. However, Argentina’s economic history is one that has been marked by numerous incredible periods of growth followed by severe periods of economic recession. What will the future of Argentina’s economy look like?

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