Daily FX Analysis, Sep 06 – Top Trade Setups In Forex – Market Awaits NFP! 

On Friday, the financial markets are all about trading the U.S. Non-farm payroll. A day before, greenback extended its fall on following disappointing manufacturing data, helping the euro to recover from more than two-year lows. The dollar kept on falling despite stronger private (ADP) labor market reports. Whereas, the British Pound also rallied, recovering some of its losses after the latest parliamentary effort to stop a no-deal Brexit.   Economic Calendar – U.S. Non-farm Payroll on Radar   EUR/USD – Oversold Pair Recovers, What’s Next? The EUR/USD currency pair continued its bullish streak and climbed to 1-week highs during the last hour, although some pips immediately retreated due to upbeat US ISM PMI.  After a decline during the opening market to the nearness of the key 1.10 psychological mark, the EUR/USD currency pair recovered positive resistance and hit the weeks solid rebound from the twenty-eight-month lows. As well as, the current selling bias in greenback, even after a strong intraday uprising in the US treasury bond yields, was marked as one of the key factors pushing the EUR/USD pair higher. The greenback buyers are not seemed happy by Thursday’s stronger United States ADP report, representing that the private sector unexpectedly increases the employment rate added 195k jobs during August. After this, ISM non-manufacturing PMI released, which jumped to 56.4 during August as somewhat against to 54.0. However, it should be noted that if the EUR/USD currency pair is capable to continue its increases or able to take some weakness because

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Daily FX Analysis, Sep 05 – Top Trade Setups In Forex – Brace for ADP Nonfarm Payroll! 

The U.S. dollar fell during the previous session after New York Federal Reserve President John Williams said the economy looks “weaker than previously thought” and the central bank needs to stay flexible. His remarks were enough to drive sharp bearish moves in the dollar and bullish moves in the precious metal gold.  The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.5% to 98.415.  Today, the market will be focusing on the advance NFP figures and crude oil inventories from the United States to drive further trends in the market. Economic Calendar – ADP NFP Figures Highlights        BTC/USD – Daily Forecast On Thursday, the leading cryptocurrency Bitcoin (BTC) continues to trade sideways within a narrow trading range of 10,650 – 10,350. The pair continues to eye $11,000, with mostly registering minor gains on the day.  Bitcoin (BTC) price was testing support at $10,500 on Sept. 4 after its latest move upwards began to stabilize. After displaying an extraordinary price movement of violating 9890 on Wednesday, the Bitcoin is holding in a narrow range of 10,750 to 10,350.  Speaking about the technical side, the BTCUSD is likely to go after 11000 levels, but before this, we may experience a slight bearish retracement in Bitcoin, and that’s exactly what BTC is doing right now. The RSI and Stochastics, both of the leading indicators have come our of the bullish zone; in fact, it’s entering the oversold zone now. Investors seem to

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Daily FX Analysis, Sep 04 – Top Trade Setups In Forex – BOC In Highlights! 

During the early Asian session, the U.S. dollar gave up a two-year high reached on Wednesday versus a basket of six major currencies to trade at 98.915. Besides, the index also gave up ground to the yuan and steady against the euro, with one euro buying $1.0975. The British pound slipped dramatically on Wednesday in the wake of a parliamentary vote removing the door for another Brexit delay, while the dollar drifted lower after soft manufacturing data generated sentiments of aggressive U.S. policy easing. Economic Calendar – BOC Policy Rate In Highlights  On the technical side, the focus stays on a series of high impact economic events such as monetary policy decisions from the Bank of Canada, U.K’s Inflation Report Hearings and Trade Balance figure from Canada. BTC/USD – Daily Forecast On Wednesday, the leading cryptocurrency Bitcoin (BTC) continues to eye $11,000, with mostly registering minor gains on the day. The price of Bitcoin (BTC) has surged over the past few days and has again passed the $10,500, the triple top level.  Bitcoin continues to display extraordinary price movement after trading close to $10,300 for the better part of the day. At the time of writing this setup, the leading cryptocurrency is trading at $10,718 — up 2.9% on the day,  The BTCUSD has already violated the immediate resistance area of 10,500 after violating the psychological area of 10,000. On the upper side, the BTCUSD is likely to go after 11000 levels, but before this, we may experience a slight

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What Are the Safe and Low-Risk Investments You Should Consider

Keeping your money idle doesn’t make any sense. If you tend to keep most of the cash in your bank, but don’t want to invest in fruitful schemes, it will never grow. You will not have enough money after you retire, and that might lead to several financial crises. Every investment scheme has some kind of risk, but you should opt for the ones that have comparatively lower chances of failure. This guide will help you in every step to explore the different safe and low-risk investments you should consider. Opening a bank account This is the first thing you should do before making an investment. Find the nearest reliable bank branch around your area that provides a reasonable interest rate and visit with the following documents: Your social security number Your identification card, such as passport, driver’s license, etc. Your permanent address or mailing address. The money you want to deposit. Tell the bank representatives that you want to open a savings account. This will help to make low-risk investments quickly. Different banks have different procedures like taking photocopies of KYC documents, enabling biometrics, and so on. Once you go through all the paperwork and procedures, make your initial deposit. Your bank account will get credit with the respective amount. You are now eligible to invest in some of the popular low-risk investments. Safe and low-risk investment options Millions of traders and investors invest in stocks, Forex, and cryptocurrencies. But, these industries are highly volatile. Marketing Director David Muscat Fenech

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Daily FX Analysis, Sep 03 – Trade Idea’s for BTC EUR & AUD – RBA Cash Rate In Focus!

On Monday, the greenback has been the undisputable leader of the Forex board, particularly through the last week of trading, in what shifted a rather momentous month of August, characterised by the intensification of the US-China trade war, with the latest releases to hike tariffs coming into effect this last Sunday.  Earlier today, during the Asian session open, the dollar index was at its highest in more than two years versus the bucket of 6 major currencies, while global stocks were punished by U.S.-China trade disputes. China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday. With that, the market continues to follow the safe-haven appeal, keeping investors cautious. Economic Calendar – RBA Rate & ISM Manufacturing     BTC/USD – Daily Forecast The price of Bitcoin (BTC) has surged over the past few days and has again passed the $10,000 threshold. Previously, the Bitcoin lost $600 just in the course of a half-hour — sinking below the $10,000 mark before collapsing to a weekly low of $9,362 on Aug. 29. The price has slowly increased since then and is currently trading over $10,400, up 6.54% from its previous 24-hour value. The BTCUSD has already violated the immediate resistance area of 9791 and the psychological area of 10,000. Previously we discussed, the BTC has reversed from a suggested support area of 9315. Sentiment remained bullish with an immediate resistance around 9,800 and 10,049. On the

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Daily FX Analysis, Sep 02 – Quick Outlook of BTC/USD, AUD/USD and Gold! 

The Dollar Index soared to a two-year high on Friday, climbing 0.6% on the day to 98.81. On Sunday, fresh U.S. and China tariffs progressed into effect. Meantime, the U.S. president proceeded to pile weight on the Federal Reserve, tweeting: “The Euro is falling against the Dollar like crazy, providing them a great export and manufacturing advantage…and the Fed does NOTHING!” The euro fell 0.8% to $1.0991, posting a five-day losing strip to the lowest level since May 2017. Official data revealed that eurozone core CPI rose 0.9% on year in August (vs. +1.0% anticipated and +0.9% in July), while the jobless rate was poised at 7.5% in July (as foreseen). Economic Calendar – Labor Day Holiday     BTC/USD – Daily Forecast Bitcoin developers have been attempting to get the world’s most famous cryptocurrency extra beneficial for payments, with the slightly dubious Lightning Network one of the most attractive projects. Nevertheless, severe safety vulnerabilities have this week been found on the Bitcoin Lightning Network, which could end in users losing their bitcoin if links are not updated. The BTC/USD pair is correcting the cutting rally from the low of $3,236.09 to the high of $13,973.5. Pullbacks that gain support between the 38.2% and 50% retracement levels are deemed strong. A broader pullback under the 61.8% Fibonacci retracement level decreases the likelihood of a resumption of the uptrend. BTC/USD – Daily Technical Levels Support Resistance  9,477.2      9,725.74 9,336.9      9,833.98 9,088.36   10,082.52 Pivot Point 9,585.44  BTC/USD

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Daily FX Analysis, Aug 30 – Quick Outlook of BTC/USD, EUR/USD and GBP/USD! 

On Friday, the market continues to trade the echos coming from the US.GDP figures which came out slightly better than the forecasted one.  According to the “second” estimate released by the Bureau of Economic Analysis, the U.S. Real gross domestic product (GDP) grew at an annual rate of 2% in the second quarter of 2019. In the first quarter, real GDP grew 3.1%.  Eventually, the Greenback buyers were testing the 98.57 resistance handle on the back of US Q2 GDP that came in-line with the forecasts. Meantime, the EUR/USD was underway a strong tumbling rally, targeting the robust 1.1027 support handle.  Economic Calendar – Canadian GDP In Highlights   BTC/USD – Daily Forecast Bitcoin is trading at $9,496, marking a 1.85% price drop on the day. Yesterday, BTC, ETH, and XRP all sank distinctly in price and continues to trade the same price action. BTC, in particular, fell below the $10,000 price point and continued to slip to under $9,500 earlier today.  BTC/USD – Daily Technical Levels Support Resistance  9617 10805.92 9094.65 1472.49 7905.73 12661.41 Pivot Point 10283.57   BTC/USD – Daily Forecast The BTC/USD has traded well in line with our forecast and continued to stay below 9790. Its the same level which was providing supporting the leading crypto pair during the last week.    The Stochastic and RSI still stays in the bearish zone, signalling odds of further selling in the BTC/USD. The sentiment remains bearish as the violation of double bottom has opened further room for selling until

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Daily FX Analysis, Aug 29 – Big Day Eurozone PMI & US Prelim GDP q/q In Highlights! 

On Wednesday, the dollar index, which measures the U.S. currency against a basket of six currencies, surged 0.19% to 98.186. The Chinese yuan trimmed lower to 7.1690 in foreign markets, not distant from the record low of 7.186 it placed on Monday. Quite distinctly, the Greenback was building a mounting wedge pattern, pleasing the bears. Meantime, the USD Index continued to stay well above the red Ichimoku Clouds, aiming the 98.45 resistance handle. On the flip side, 97.16 stable support handle remained as an authoritative stoppage. The RSI stood muted near 55 levels, maintaining a neutral perspective on future actions.  Economic Calendar – Eurozone PMI & US Prelim GDP q/q    BTC/USD – Daily Forecast During the previous session, Bitcoin’s price slid more than $600 in 30 minutes, falling back below $10,000. Bitcoins opened the day at just under $10,200. Over the trading day, BTC broke over $10,250 a few of times. The action finished with a 30-minute sell-off. BTC observed a large pullback from $10,200 to $9,600, followed by a small bounce near $9,740, providing temporary support. At the time of writing, BTC is currently changing hands at $9,700. BTC/USD – Daily Technical Levels Support Resistance  9617         10805.92 9094.65    1472.49 7905.73    12661.41 Pivot Point 10283.57   BTC/USD – Daily Forecast On the 4 hour chart, the BTC/USD was facing solid support around 9790 which has now been violated amid massive sell-off. For now, the BTC/USD has an open room for 9476 and 9300. Let’s

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Daily FX Analysis, Aug 28 – Choppy Sessions, Good Day for Technical Setups!

A day before, the Greenback plunged modestly against the Japanese yen, proposing traders were sceptical of the confidence shown by President Donald Trump on the likelihood of a U.S.-Chinese trade deal days after the two nations increased tariffs against each other. The U.S. stock whipsawed initially jumping higher but then dipping on the back of tweets from an editor at the Chinese state news outlet, while the market continues to follow tweets from U.S. President Trump. Lately, tweeting has become and is considered as a medium of choice to shake the markets as it relates to trade. China recently brought new tariffs, and bullying from President Trump intensified the trade war late last week. Consequently, safe-haven assets such as gold and Japanese yen are peaking. Economic Calendar      BTC/USD – Daily Forecast Bitcoin may be holding above $10,000 at the moment. However, the danger of dropping to lower levels is immense. The recovery from August lows stalled unable to make headway above towards $13,000. If the support formed by the confluence at $ 9852.20 gives in to the ongoing retraction, BTC/USD will likely plunge towards $7,500. BTC/USD – Daily Technical Levels 10142.9 10532.01 9916.35 10694.57 9527.24 11083.68 Pivot Point 10305.46   BTC/USD – Daily Forecast I will be looking to trade choppy by staying bullish above 9790 and bearish below 10400. EUR/USD – Oversold Euro, Looking to Retrace The EUR/USD pair traded seesawing near 1.1100 figure, concluding the day with moderate losses around 1.1090. The U.S. dollar bestowed an

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Daily FX Analysis, Aug 27 – Boosted Haven Appeal Weights on Dollar, What’s on the Chats Today?

During the previous session, the U.S. dollar index was crossing the centerline of the Bollinger Bands, heading to the upper vicinity of the indicator. After shaking the market on Monday, President Trump was on the tape, making remarks from the G7 meeting in Europe. The President stated that China has stretched out to his cottage and was ready to come back to the negotiating desk. He also sought to soothe the markets by striking a more friendly tone. Trump also clarified that China necessitated the US more than the US needed China as he proceeded to seek the upper hand on the Chinese. Economic Calendar – CB Consumer Confidence Up Next!     BTC/USD – Daily Forecast BTC/USD moved from 10,182 to 10,680 in ten minutes In the Asian session.  We know that a volatile consolidation range of between $14,000 and $9,800 will likely be met with an explosive breakout. However, If trading volume levels don’t rise soon, which is lowest due to summer holidays, Bitcoin price will likely see another drop which could create a lower low on the 4-hour chart, anywhere between $8,800 and $8,100. If price levels drop below $8,100, it’s wise to assume the trend is bearish and to be more cautious when taking long positions. BTC/USD – Daily Technical LevelsSupport Resistance 10142.9 10532.01 9916.35 10694.57 9527.24 11083.68 Pivot Point 10305.46   BTC/USD – Daily Forecast On the technical front, the BTC/USD is still facing double bottom support around 9,780. Bitcoin has already completed correction until 10,200,

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