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AUD/USD may trade in a tight range for today

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

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

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
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