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Market analysis and trade recommendations by FBS

Join the League of smart investors with FBS CopyTrade !

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FBS Copytrade - a social trading platform that allows you to follow the selected professionals’ strategies, automatically copy the leading Traders of our community, and gain fabulous profits. When they make profit, you make profit too!
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#WeeklyCryptoNews

More at: https://fbs.com/analytics/news/week...nglish&utm_content=SebastianAnalyticsDCashPal

07.09.2018

Michael Novogratz, investor, billionaire: think how institutional investors work. It’s difficult to come to the boss and say that money is in the place that he doesn’t know about. It will require a reliable and well-known trustee - a Japanese bank, or an organization such as Goldman Sachs, HSBC, or ICE. Only then the institutional investor will feel comfortable.

On Tuesday, Bitcoin tested highs of the beginning of August near $7,390. Yesterday Bitcoin slid to levels below $6300.

There was news on Wednesday that Goldman Sachs decided to hold back its plans to set up a crypto trading desk. In addition, one of the oldest trading platforms ShapeShift AG said it will begin asking users for personal information. Although this may turn out to be good in future, it currently hurts the sentiment.

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Up to now, the cryptocurrency has been trying to recover. However, the trading isn’t extensive. The resistance lies at $6,550. If it’s able to break above this level, the next resistance will lie at $6,780 (100-day MA). If bulls are weak, Bitcoin will fall to $6,300. The next support is at $5,875.

One of the leading stock exchanges Deutsche Börse announced an opening of the cryptocurrency and blockchain department.
The leading Japanese bank Mitsubishi UFJ Financial Group has started testing its own cryptocurrency MUFG Coin on the employees. The shop where the employees can pay with MUFG Coin was opened in the main office in Tokyo.
Abra bitcoin application started cooperating with the European banks. As a result, all residents of the single euro payments area can buy Bitcoin for fiat.
Financial Services Agency of Japan lifted criteria of the cryptocurrency exchange license. It may be due to the big number of applications for the opening of cryptocurrency exchanges.
The Columbian President Ivan Duque invited cryptocurrency companies to open representative offices in the country and promised to support the industry.
The local crypto boom happened in Iran. After the government legalized the mining industry, the price of bitcoin surged to $24,000 on local platforms.
The Belgian research center Bruegel urged the European Union to create a single standard сryptocurrency regulation. It made a report that is supposed to become a basis for the regulation within the EU. The report will be presented at the meeting of ministers of Economic and Financial Affairs at the end of the week.

Bitcoin $6,483.6 (+0.97%)

DASH $178.91 (+6.52%)

Ethereum $224.91 (-1.47%)

Litecoin $56.779 (+3.53%)
 
Economic Calendar for this week, pay attention to AUD on Thursday.

Monday, September 10
GDP m/m - #GBP
Manufacturing Production m/m - #GBP

Tuesday, September 11
Average Earnings Index 3m/y - #GBP

Wednesday, September 12
PPI m/m - #GBP

Thursday, September 13
Employment Change - #AUD
Unemployment Rate - #AUD
Monetary Policy Summary - #GBP
MPC Official Bank Rate Votes - #GBP
Official Bank Rate - #GBP
Main Refinancing Rate - #EUR
CPI m/m - #USD
Core CPI m/m - #USD
ECB Press Conference - #EUR

Friday, September 14
BOE Gov Carney Speaks - #GBP
Retail Sales m/m - #USD
Core Retail Sales m/m - #USD


You can find more events in FBS Calendar:

https://fbs.com/analytics/calendar?...lish&utm_content=SebastianSEPCalendarDCashPal

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Chinese Northern provinces will set their own winter output restraints for heavy industry

More at: https://fbs.com/analytics/news/chin...nglish&utm_content=SebastianAnalyticsDCashPal

11.09.2018

China is geared up towards permitting its Northern provinces to independently set their own output restraints for heavy industry for the purpose of reducing emissions during the winter. The given move definitely ditches an earlier initiative for blanket cuts, according to some sources.

Rumors about the move put pressure on steel as well as steel-making raw materials. It feels like the Chinese government is about to cease its current universal approach to fighting pollution, coming up with more specific policies, which take into account local conditions, to tame economic disruption.

Production curbs on heavy industry are going to remain this winter, although detailed cutting rates are going to be set by local authorities built around their own situation, as some sources revealed.

However, it’s unclear when the ministry of ecology and environment is going to announce its formal verdict, as the plan hasn’t been uncovered yet, as some sourced disclosed, who preferred to remain unidentified. The Chinese ministry didn’t comment it.

Well, if adopted, the given measure would be another indication that the Chinese government fine-tuned its policy in its long-lasting fight against smog.

It would relieve sweeping proposals in the ministry's initial plan, posted by Reuters the previous month, for 50% curbs in steel manufacturing as well as 30% in primary aluminum in certain areas.

Apparently, on Tuesday, the potential for more flexible output curbs suppressed prices of steel as well as steelmaking raw materials.

As a matter of fact, the most-active coke futures along with hot-rolled steel coil turned out to be on track for their most impressive one-day slump since March, steel rebar dived by 2.2%, demonstrating their worst daily performance since June.

The previous winter, an idea to switch millions of households as well as thousands of businesses in Northern provinces of this Asian country from coal to natural gas didn’t come true because tough gas shortages had the region impacted.

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Forex Basic.

Candlestick patterns. Reversal Patterns

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https://fbs.com/analytics/guidebook...ntent=SebastianCandlesticks_ReversalPDCashPal

There are a lot of different candlestick patterns. In this guide we explain the most popular ones.
Reversal patterns indicate the high odds that a trend will change direction. These patterns are helpful in identifying a possible entry points at the beginning of the new trend. Learn in this guide about the bullish and bearish reversal patterns.

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Weekly CryptoNews

Check the candlesticks graph : https://fbs.com/analytics/news/week...nglish&utm_content=SebastianAnalyticsDCashPal

14.09.2018

Chris Burniske, trader, crypto investor: "Why is crypto falling so much in 2018? Because in 2017 the market was up more than 30 times, but adoption (beyond investing & trading) wasn’t concurrently up 30 times. One can try to explain each fluctuation, but these explanations are frequently stories we tell ourselves, stretching to add reason to traders driving a bear market. The macro story I tell myself is ‘financial reality’ divorced from utility fundamentals in 2017, and so we have to (expectedly) course correct."

After started bearish on Monday, Bitcoin increased to its mid-August levels closing at $6,468 on Thursday. It is connected with the news about Morgan Stanley. The famous bank announced that it is working on a solution to protect the Bitcoin investors. Moreover, other big financial institutes, such as Citigroup and BlackRock, are planning to launch crypto-related products. The market reacted positively, which resulted in pushing the price of BTC up. Up to now, the digital currency has been trying to reach the 200-period MA on H4 at $6,605. If it breaks the resistance level, the future growth could be expected. The next resistance level is at $7,125. Otherwise, BTC/USD will go back to the support at $6,180.

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The People’s bank of China launched testing of a new trade and finance blockchain platform in Shenzhen;
French authorities approved the government program of ICOs regulation. The projects succeeded the registration get a right to open a bank account;
The US court officially declined to proceed the case of Mt.Gox trading system and advised to apply to Japan;
The US SEC at the first time closed a crypto hedge fund called Crypto Asset Management, as it proclaimed itself as an “official crypto fund”
The United Arab Emirates is planning to equal tokens to shares;
NASDAQ is developing an instrument for forecasting the rates of crypto currencies for institutional investors;
Coinbase, Protocol Labs, Digital Currency Group and other crypto and blockchain companies created the Blockchain Association for the protection of industry’s interests.

Bitcoin $6,437.7 (-0.43%)

DASH $185.54 (-2.62%)

Ethereum $205.79 (+6.02%)

Litecoin: $53,300 (-0.28%)
 
Trade during these important events:

Tuesday, September 18
Monetary Policy Meeting Minutes - #AUD
ECB President Draghi Speaks - #EUR

Wednesday, September 19
Monetary Policy Statement - #JPY
BOJ Press Conference - #JPY
CPI y/y - #GBP
MECB President Draghi Speaks - #EUR
Crude Oil Inventories - #USD
GDP q/q - #NZD

Thursday, September 20
SNB Monetary Policy Assessment - #CHF
Retail Sales m/m - #GBP

Friday, September 21
CPI m/m - #CAD
Core Retail Sales m/m - #USD


You can find more events in FBS Calendar! Just Click it⬇

https://fbs.com/analytics/calendar?...lish&utm_content=SebastianSEPCalendarDCashPal
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Weekly CryptoNews

More at: http://bit.ly/2PVCiDh

21.09.2018

John Mccaffee, crypto enthusiast, investor: “Stay true, stay the course and hold. There is no such thing as a wealthy short-term investor.” (Mccaffee can't be wrong, can he?))

Monday was unfortunate for Bitcoin, as the cryptocurrency was trading lower its last week’s levels. The capitalization immediately dropped lower $200 million. Some people see the reason in the technical glitch at Tether (USDT). Wednesday was also quite eventful, as the Japanese crypto trading platform Zaif was hacked. Hackers stole around $60 million of crypto. As a result, Bitcoin experienced a massive sellout, although it could manage to stabilize with the help of 5 mln XBT/USD contracts bought at $6,469 on BitMEX. Right now the digital currency crossed the 50-day MA at $6,614 and 100-day MA at $6,666 and moving towards the resistance at $6,812. The next resistance will be at $7,137. If the market turns bearish, the support to watch is at $6,550.

In other news:

The US Securities and exchange commission (SEC) postponed its final decision concerning the trading of Bitcoin exchange-traded funds (ETF) again as they did not reach any conclusion on the issue. Right now they are looking for more feedback on market manipulations’ topic.
The Bancor platform developers announced their plans to adjust trading on EOS blockchain. The project is planning to work in two networks simultaneously.
Attorney general of the state of New York made a conclusion, that crypto platforms can be easily affected by market manipulations. The most suspicious among them are Binance, Gate[.]io and Kraken. They rejected to negotiate with the attorney.
Binance CEO Changpeng Zhao told, that there was a successful testing of a cryptocurrency platform which supports fiat in Singapore. Now Binance is planning to open two of these platforms on each continent.
Last report from the Europol contain an information that none of terroristic attacks was financed by cryptocurrencies. However, the organization is afraid, that criminals can soon start using smart-contracts.
15 international organizations cooperate on launching the blockchain Etherum based platform komgo SA for digitalization the trading of raw materials.

Bitcoin: $6,700.9 (+4.79%)

DASH: $205.89 (+7.74%)

Ethereum: $225.98 (+8.45%)

Litecoin: $57.730 (+7.28%)
 
Daily news: Crude oil prices keep rising

Check the candlesticks: http://bit.ly/2NAKFHR

24.09.2018

The main focus for EUR/USD today will be on the ECB president Mario Draghi speech at 16:00 MT time. Moreover, Ifo business climate index for Germany will be released today. Most experts expect it to drop to 103.2 in September due to the decrease of PMI. The pair was trading in the red zone on Friday. If bears continue to attack, the support is at 1.1644. However, any positive news from the events mentioned above can change the situation to growth. In that case, watch the resistance at 1.1830.


The latest US and Chinese tariffs on each other came into effect today at 07:01 MT time. AUD/USD and NZD/USD opened with a gap down, but kept being bullish. The next resistance for the aussie is at 0.7346. Otherwise, watch the support at 0.7184.



As for NZD/USD, the resistance to follow is at 0.6720. If bears strike back, the support is at 0.6576.

Countries rejected the claim of the US president Trump to reduce oil prices during the OPEC meeting on September 23. The rise of the prices for crude oil can be explained by the limited output after the US sanctions to Iran. Right now Brent is trading near its psychological level of $80.

Follow us for more news!

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Fundamental Factors to consider in your analysis

1. Economic indicators

Economic indicators are snippets of economic and financial data released by private and governmental agencies. We would now like to introduce the most influential economic indicators and define their impact on the prices of the currencies.



Output indicators:

Sentiment indicators:

Labor market indicators:

Housing market indicators:
Inflation:

Trade balance:

Current account balance:

In this article, You can learn the most important to consider

http://bit.ly/2xNp5oM
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Trading is art, right?
Find a teacher to copy! Follow the steps of professional Traders on the way to profit with FBS CopyTrade!
Confusion and insecurity on the market are no more – now, a huge professional community is on your side 24/7! Connect with other traders, discuss trading strategies and use their trading portfolio performance to your advantage. Start now and let the selected professionals work for you http://bit.ly/2DFrsQW-----------------
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FBS is glad to welcome 9 millionth trader!✨

FBS Team is happy to finally meet our 9 millionth trader – Mr. Jean Sales de Souza from Rio de Janeiro, Brazil! When he was browsing the net and ran into FBS website he couldn’t possibly know he has chosen the perfect time for registration.

We congratulate Mr. de Souza once again and wish him all the very best on his way to the top of Forex trading! And we surely will help him on this path.
Always by your side, FBS.

Check out our photo and video report!

http://bit.ly/2zzsyt4
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#WeeklyCryptoNews

More at: http://bit.ly/2N8oeol

28.09.2018

Tim Draper, billionaire, cryptoinvestor: "I think <cryptocurrencies> will have such a transformation effect on industries that we never even imagined would be imitating. The Internet went for industries that were $10-100 billion dollars markets, cryptocurrency will go for billions of dollars markets – this is finance, healthcare and insurance, banking and investment banking and governments."

Bitcoin started bearish on Monday and the price dropped again to the last week levels at $6330. Positive news on Wednesday gave the digital currency a chance to recover. On Thursday it crossed the 100-day MA at $6676 aiming the resistance at $6812. The next resistance is at $7360. If situation on the market changes, the support is at $6194.

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Yet another attempt to control the wild west of digital money?

On Tuesday representatives from the US Congress, equity markets (Fidelity, Andreessen Horowitz and Nasdaq) and crypto community (Ripple, Coinbase and Circle) discussed the regulations of cryptocurrencies.

These discussions may, however, have positive effect: Google will allow an advertisement of cryptocurrencies for Japanese and the US exchange platforms, that is, for two key markets in October.

The leading crypto trading platform Binance will increase the market supply of its own tokens from $112 to $144 million.

Another one football club, Italian Juventus announced the release of its own cryptocurrency. Can’t wait for football fans to crash trading platforms.

Blockchain payment platform for government department’s needs was launched in Dubai. The goal of this project is to make a transparent environment for the financial flows and to reduce time of processing payments. If only all countries followed Emirates’ approach!
The US court defined crypto as a commodity during the proceedings against “My big coin pay inc.” scam project.

Chinese search engine Baidu presented white paper of its own blockchain platform Super Chain which will help to optimize any industry from product quality controlling to tourism.

Equities switch to blockchain: The Austrian government will release bonds with a total value of $1.35 billion using Ethereum technology on October 2.

SWIFT has a new competitor now. Blockchain startup Veem attracted $25 million of investments with the main investor Goldman Sachs

Japanese financial giant SBI Holdings started testing its own cryptocurrency S coin. They plan to use the crypto for mobile payments. And if you launched your own cryptocurrency, how would you name it?

Sophos, cyber-protecting company, found viruses-miners in 25 applications on Google Play.

So maybe the tetris game you downloaded yesterday helped someone to earn some BTCs ;)

Bitcoin $6,736.7 (+4.34%)

DASH $192.83 (+4.19%)

Ethereum $226.63 (+6.51%)

Litecoin: $62.390 (+9.40%)
 
Trade during these events:

Monday, October 01
Manufacturing PMI - #GBP
ISM Manufacturing PMI - #USF

Tuesday, October 02
RBA Rate Statement - #AUD
Fed Chair Powell Speaks - #USD

Wednesday, October 03
Services PMI - #GBP
ADP Non-Farm Employment Change - #USD
ISM Non-Manufacturing PMI - #USD
Fed Chair Powell Speaks - #USD

Friday, October 05
Retail Sales m/m - #AUD
Average Hourly Earnings m/m - #USD
Non-Farm Employment Change - #USD
Trade Balance - #CAD
Unemployment Rate - #USD
Employment Change - #CAD
Unemployment Rate - #CAD


You can find more events in FBS Calendar! Check it out⬇
http://bit.ly/2IuPyMZ
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Technical Indicators. MACD (Moving Average Convergence/Divergence).

http://bit.ly/2DQMdsL

This oscillator is one of the most potent technical tools in the arsenal of many traders. The indicator is used to check the strength and direction of a trend as well as to define reversal points. Read this article to learn more about this indicator.
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How to trade on central bank decisions? http://bit.ly/2zNDALy

Why should traders pay attention to the central bank policy? In this article, you will be able to understand how important is the monetary policy in the Forex markets.
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FBS gets ‘Best Copy Trading Application Global-2018’ award
Dear friends! We have amazing news! - CFI.co, famous London-based financial magazine, recognized FBS with the “Best Copy Trading Application Global-2018” award.
We are honored and glad to be awarded for our CopyTrade platform. We’ve been working hard to create a common place for investors and traders to interact and this award is the proof that we did a good job. This is a double win for us – recently CFI.co also awarded FBS with “Best Forex Broker Asia-2018” award.
FBS is constantly improving its services, and our clients are our inspiration for development. Thank you for choosing FBS as your trusted broker!
http://bit.ly/2zQRlt5

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