Monthly Archives: August 2018

Cryptocurrency News (31 Aug 2018)

1. India Eyes State Digital Currency to Cut $90 Million Banknote Bill: India’s central bank is researching how to introduce a rupee-backed central bank digital currency (CBDC) into its monetary policy in a bid to reduce its hefty annual bill for minting physical cash. An inter-departmental unit has already been formed within the organization to […]

Charts of the Week (27 Aug 2018)

AUD/NZD Daily Candlesticks & Ichimoku Chart The weakness of the AUD caused mainly by the political uncertainty surrounding the leadership tussle is now over. Expect AUD to regain ground vs the NZD as RBNZ remains a lot more dovish than RBA. The daily reversal candle on Friday also presents an opportunity with good risk reward. […]

Charts of the Week (20 Aug 2018)

Apple (AAPL) Stock Weekly Candlesticks & Ichimoku Chart AAPL relentlessly marches higher. Warren Buffett continues to add to Berkshire Hathaway’s holdings. Is there any reason to think the trend will not continue?   USD/CNH Weekly Candlesticks & Ichimoku Chart A strong reversal candle on the weekly chart. Is this the beginning of a fierce retracement? […]

Charts of the Week (13 Aug 2018)

EUR/USD Weekly Candlesticks & Ichimoku Chart With the close of the EURUSD below the weekly cloud, the bear market has well and truly started…   EUR/JPY Weekly Candlesticks & Ichimoku Chart EUR/JPY is also trading below the weekly Ichimoku cloud. A close below this week would be very bearish indeed.   Vee, our Founder/CIO highlights patterns/formations […]

Cryptocurrency News (14 Aug 2018)

Bitcoin trading is illegal in Saudi Arabia: A governmental committee comprised of Saudi Arabian regulators has issued a statement, according to which the standing committee warned against trading in cryptocurrencies due to negative consequences and high risks on traders as they are out of government supervision, but there is no indication of possible consequences for […]

Cryptocurrency News Update (10 Aug 2018)

Blockchain Startup Enables Litecoin Transactions via Telegram Messenger: Lite.im will allow users to send commands to check their current LTC balance and send LTC to a wallet or an email address. Bank of China CIO Says Bank to Increase Investments in Blockchain, Fintech: Bank of China has revealed plans to increase the company’s investments in […]

Charts of the Week (6 Aug 2018)

CAD/JPY Daily Candlesticks & Ichimoku Chart CAD/JPY looks poised to retrace back to 84 handle on the daily chart. With JPY trading strong given the uncertainty on the trade war front, it is a good countertrade to have in a portfolio that is risk-seeking.   CAD/JPY Weekly Candlesticks & Ichimoku Chart On the weekly CAD/JPY […]

Cryptocurrency News Update (6 Aug 2018)

Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings: Thai banks can now issue digital tokens, provide crypto brokerage services, run crypto-related businesses, and invest in cryptocurrencies through subsidiaries. Goldman Sachs Investment Strategy Group: ‘Crypto Mania’ a Risk to Stable 2018 Outlook: GS highlights “cryptocurrency mania” as one of several factors that could […]