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AUD/USD may trade in a tight range for today

Engineer Posted 10 Jan.  in #Trader's blog
The pair is following the technical playbook closely and there is a large option expiry that is sitting nearby
Looking at the hourly chart, there pair has formed a double-bottom in the last two trading days and that seems to be where buyers come into the picture - meanwhile the topside is limited and capped by the 200-hour MA for the time being.
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New bank aims to be the Goldman Sachs of Bitcoin

Engineer Posted 10 Jan.  in #Trader's blog
Mike Novogratz is starting up an investment bank to focus on cryptocurrencies and other blockchain-based venturesThe new bank will be active in four areas: trading, principal investing, asset management and advisory work
  • Wants to raise $200 million
  • And to list shares of his Galaxy Digital LP on Canada's TSX Venture Exchange
  • first step is to buy Canadian crypto startup First Coin Capital Corp.
…
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Australia News

Engineer Posted 8 Jan.  in #Trader's blog
BNP expect no change in Reserve Bank of Australia monetary policy settings this yearThe Bank to remain on hold through 2018
  • BNP still see risks for a weakening economy from slow consumption, low wage growth and low inflation
  • But upside risks on business confidence, falling unemployment
BNP expect a gradual inflation rise in 2018.Also expect further Federal Reserve rate hikes.---On the AUD - see a modest decine
News
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It Was the Best Week for Stocks in a Year

Engineer Posted 7 Jan.  in #Trader's blog
It always looks inevitable in retrospect.Why wouldn’t U.S. stocks rally, surging to the biggest weekly gain in a year, amid earnings euphoria like this? With no hint of fatigue, the S&P 500 Index spent the holiday-shortened week rolling past 2,700, while the Dow Jones Industrial Average jumped over 25,000. Ninety-eight companies in the Nasdaq 100 rose.
It happened as Wall Street stock analysts were jacking up profit forecasts. So fast that a measure tracking the frequency of upward earnings revi…
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$1,000: Ethereum Tops Price Milestone in Market First

Engineer Posted 6 Jan.  in #Trader's blog
Days after hitting $900, ethereum's native ether token, ether, has topped $1,000 for the first time in its history.
After spending two days mostly below its previous high of $900, ether went on a rally Wednesday, and hit its latest milestone of $1,000 early Thursday morning, according to data from CoinDesk's Ethereum Price Chart (EPI).
Despite the increase, however, it remains as the third largest cryptocurrency by market cap, having recently lost the second place spot to …
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Australian Trade balance (November)

Engineer Posted 5 Jan.  in #Trader's blog
Australian Trade balance (November): AUD -628m (vs. expected AUD +550m)
Trade balance for November comes in at: AUD -628m... a huge miss and a surprise deficit
  • expected surplus of AUD 550m
  • October surplus was -320mln, revised much lower from initially reported at +105m AUD
November exports little changed m/m, but imports +1% m/m
This deficit will weigh on the GDP figures. This is a bad result, if there is a bright spot its that exports on the month were not changed much (though they have been expec…
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Merrill Lynch blocks clients, financial advisers from bitcoin

Engineer Posted 4 Jan.  in #Trader's blog
ML cites concerns in banning clients and financial advisers who trade on their behalf from BTC
The Wall Street Journal says they have sighted an internal bank memo:
  • "The decision to close GBTC to new purchases is driven by concerns pertaining to suitability and eligibility standards of this product"
(GBTC is Grayscale's fund)
Ban applies to all accounts[list][/list]…
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Britain reported to be interested to join TPP deal after

Engineer Posted 3 Jan.  in #Trader's blog

Looks like they're keeping all their options open, report via Financial Times
The FT reported that they have started informal talks about joining the TPP in a bid to boost post-Brexit exports. After the US pulled out, the TPP mainly revolves around countries like Canada, Mexico, and Japan.
However, EU rules state that Britain can't agree on new trade deals prior to leaving the European Union in March 2019.
Author: Justin Low
Forexlive.com
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Happy New Year

Engineer Posted 2 Jan.  in #Trader's blog
Happy New Year
Happy New Year
Happy New Year
Happy New Year
Happy New Year
Happy New Year
Happy New Year
Happy New Year Dukascopy and my friend and users
Best wishes for all
Let us start competetion ..
Be ready and see my profits this time
see you in the Battle
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US major stock indices open with small gains

Engineer Posted 28 Dec.  in #Trader's blog
Little changes in the first few minutes of tradingThe major US stock indices are opening day with small gains:
  • S&P indexes of 1.4 points or 0.05% at 2682
  • NASDAQ composite index is up 3.5 points or 0.05% at 6939.39
  • Dow industrial average is up 5.6 points or 0.2%
Some winners and losers in early trading:
  • Apple which fell sharply yesterday's trading up 0.09% in early trading
  • Microsoft is trading down -0.08%
  • Netflix is trading down -0.21%
…
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