AUD/USD Caught in a Choppy Market; Yet Remains Afloat Above 61.8% Fib

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March 30, 2020

Aussie Dollar extends its dip against the greenback as the global crisis, and economic crash digs deeper losses in the market
We are likely to see a potential downtrend forming between the price rally that started from the previous mid-week due to increasing cases of novel Coronavirus around the world
However, the price trend manages to remain above 61.80% Fib Retracement level as is managing to be within the uptrend formed

Not just this pair, but the major currencies like Great Britain Pound, Canadian Dollar, and investment assets, including Gold, are seen plummeting due to an increase in the duration of lockdown in many countries including the US, which has now exceeded the toll of infected people in compared to the epicenter.

AUD/USD is forming a potential higher high trend if it does not extend the dip below 61.80% Fib. The pair had been continuously gaining until it got hit by a choppy market towards the end of the previous week, which has limited the gains until it takes an intraday bullish divergence.

However, before it fell to the current trading zone of 0.6133, it marked a fresh weekly high at 0.62008, after which the trend is exhibiting potential higher lows. Since the dip is not below 61.80% and 50.0% Fib, the Aussie is retaining the support from 50-day and 200-day daily moving average against the American Dollar.

IOTA Foundation Hires Bill Acha; Partners With TradeMarkEastA to Provide Efficient Audit Trail

By

Felicia Learned

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March 28, 2020

IOTA Foundation has announced the news about the entry of a new member, Bill Acha, in its core ecosystem. Bill Acha shall be delivering his services as a software engineer of the IRI team. The news of the new recruitment was announced through an official blog post by the IOTA Foundation team.

Being a well-known fraternity name, Bill will put in his expertise and knowledge to chalk out protocols focused towards the maintenance of the IRI division as well as will play a significant role in laying a foundation for new developmental features enhancing the IOTA node, as and when at the firm’s disposal.

On the personal front, Bill hails from Douala, Cameroon and has been in the technology sector for five long years up until now. In 2017, he was graduated with a degree of Bachelors in Computer Engineering from the University of Buea, Cameroon. He has an affinity towards complex algorithms and has been boggling his head with codes ever since 15 years of age. Bill is quite passionate about the design of scalable and efficient APIs that have the potential to solve real-world problems. In the past, he has been associated with health and financial tech sectors as a full-stack developer for corporate as well as open-source organizations.

Bill on sharing his happiness for his new journey in IOTA Foundation quoted,

It’s a great opportunity to contribute my skills and passion to IOTA, a DLT space that is focused on building cutting-edge solutions. I’m excited to have joined such a diverse team, and I’m glad to be part of this journey!

We signed a strategic partnership with @TradeMarkEastA to improve infrastructure & trade in #Africa using the #Tangle. Learn how #IOTA envisions to improve global #supplychain via an immutable & transparent audit trail: https://t.co/9QFCXZ8mks.
#IoT

— IOTA (@iotatoken) March 27, 2020

IOTA recently announced its collaboration with TradeMarkEastA to enhance the infrastructure and trading activities in Africa via the IOTA Tangle solution. The partnership between the two firms will be focused on streamlining the supply chain management involved in trades from one place to another. It aims to control the approximate 4 trillion loss, which occurs during transit. The new technology will help the involved parties to be well-connected with each other using GPS protocols, smartphone technology, and all high-tech and advanced mechanisms. IOTA envisions to enhance the global supply chain structure by providing an immutable, secured, and transparent audit trail. By doing so, all the nodes involved in the process shall be enriched with the complete knowledge about ‘how, when, why’ of the products rolling in the supply chain.

EUR/USD Maintains a Bullish Streak as it Retraces a 10-day High

By

David Pender

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March 28, 2020

EUR/USD bounces to a 10-day high as it retraces above 1.10 to the high of 1.11473 as it retains support from 50-day and 200-day support. The pair has been marking a winning streak since the start of the year and has been on a bullish note amidst the global crisis when all the other currencies are facing a tough time to keep up against the greenback. However, as there have been rapid cases recorded in the US, we see the US Dollar weakening moderately since yesterday.

The pair has bounced sharply and formed an upward channel while it retains strong and steady support at 1.10250 and 1.08360. It has been 2 days since the EUR/USD has been closing above 1.110 on a strong bullish note. There has been a gradual rise from the weekly bottom of 1.06378 and is holding a bullish crossover as the MACD line is crossing above the signal line, and the RSI of the pair is hitting at 69.51 with is likely to breach the overbought zone. However, if the pair continued to maintain this rising streak, the buyers are likely to control and maintain ground in the next week.

USD/CAD Extends the Dip as Crude Oil Faces Intraday Pullback

By

Timmy Murphy

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March 27, 2020

USD/CAD Loses Support from the Moving Averages

USD/CAD drops below 50-day and 200-day moving average due to intraday pullback in the price of WTI crude oil. The pair has retested 1.40 after a 10 days retreat where USD/CAD marked a 4-year high at 1.46722. As the demand for oil plunges due to widespread of Coronavirus and extension of lockdowns in the country, the related current faces intraday correction. The global recession is digging deeper as the COVID’19 is not likely to leave any sooner. That said, the Federal Reserve has injected a $2.2 trillion stimulus package in the economy to extend hands amidst the pandemic outbreak.

After marking a bullish move at 1.46722, USD/CAD became the prey of 4-day, a subtle trend followed by a steep move to currently hover around 1.40250. Towards the end of the downtrend, the pair lost support from the 50-day and 200-day moving average as the greenback weakened. This has rightly burdened the sight of the American Dollar as the US surpasses the coronavirus cases in comparison to the epicenter of the virus.

USD/CAD failed to keep afloat and recorded a 1.75% low from yesterday’s trading session high marked at 1.4276 to the current price at 1.40250. Moreover, the pair has already slid below the 61.8% Fib retracement level as it slides below 1.4175. The major support to watch out at remains grounded at 1.39; however, a further change in the oil price, either negative or positive, is likely to be the major catalyst for the pair’s intraday performance. On the contrary, if the pair retraces a positive intraday move, there is likely to be an S/R flip as 61.8% Fib will be the resistance to look at.

Binance Launches “Binance Card”; Now Shop and Pay Crypto Anywhere

By

Robert Hill

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March 27, 2020

Binance is excited to launch the Binance card and take crypto adoption one step further. Binance has always been aiming to bring new products and services to the market that enable the progress of crypto in the market.

Introducing the #Binance Card: Shop and Pay With #Crypto Anywhere in the World

The Binance Card is issued by Visa and accepted by more than 46 million merchants in 200 regions and territories, which makes shopping with crypto easier than ever before. https://t.co/txKtfo5OBz

— Binance (@binance) March 26, 2020

Introducing Binance Card

The Binance Card is capable of doing everything that a normal payment card does. It works like a regular debit card issued by the bank. The user has to just get a top-up recharge for the card to add funds through the Binance Card App in the form of Bitcoin or BNB. The transfer process is as simple as transferring BNB from one wallet to another.

The card uses the wallet balance for the payments done by card and automatically deducts all extra expenses from the balance every time the user makes a payment. The Binance Card is issued by Visa and accepted by more than 46 million crypto merchants offline and online in 200 regions and territories, which makes shopping with crypto easier.

Do you want one of these? 💳

Sign up now: Credit card https://t.co/LszTKBM6MH https://t.co/sgLmfK6t2a pic.twitter.com/4wmRiD6A8e

— CZ Binance 🔶🔶🔶 (@cz_binance) March 26, 2020

Where Do You Get Binance Card?

Binance is currently releasing the Binance Card in the beta version. In the coming weeks, it is aiming to make the card available globally to all the existing and new binance users.

The card will initially be released in Malaysia, followed by Vietnam and gradually to other countries.

To get a Binance Card, one has to register through the landing page. The users will be notified once the card is available in their respective regions. The users just have to download the Binance Card App, log in to their Binance accounts or register for a new one, and complete the simple and secure identity verification process.

The users have to place the order for the card at a one-time cost of 15USD which is used as initial top-up from the crypto wallet to the Binance Card balance. The users have to just transfer 15USD worth of BNB or BTC to their card balance. There are no monthly or annual charges for card usage.

How to Use the Card After its Arrival?

The users need to use and take control of the card within the interface of one single application. The Binance Card App enables you to manage your funds, card security, and spending with only a few clicks. Once the new card arrives, it has to be loaded with funds. The user has to just transfer Bitcoin or BNB from the Binance.com wallet to the Binance Card wallet and that’s it, the card will be ready to use.

Shopping online and paying bills with crypto is no longer a daunting task. A lot of merchants now offer crypto payment services for specific methods or make the payments and take crypto. The alternate method is to sell crypto and wait for the withdrawal to arrive at your respective bank account. Binance aims to provide better services to users to make life easier for them.

SofocleLabs Partners With IMS Engineering College for Blockchain Courses

By

Ray Buckler

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March 26, 2020

SofocleLabs Partners With IMS Engineering College

Sofocle Innovative Labs, a Blockchain EdTech company based around Noida has announced to collaborate with IMS Engineering College to provide Blockchain education.

This partnership aims to create a better blockchain ecosystem that enables Indians to be ready for the Blockchain revolution. The collaboration primarily ideates to provide a course for full semester, a Blockchain Lab, industry connect, internship and exposure to hackathons, conferences, and events.

Ever since the disclosure of the partnership, the engineering students are giving an overwhelming response and more than 100 students have already enrolled in this course.

This is the very right time, to begin with, the partnership and encourage blockchain education amongst the youth. The adoption of blockchain education is slowly becoming one of the most important IT initiatives of the current decade, which has increased the demand for blockchain professionals.

The Professor of IMS Engineering College, Pankaj Agrawal said,

Such a course will change the job/placement paradigm for the students where instead of students looking for the jobs, it is the industry that would be chasing them and many students will be taking the entrepreneurship route.

He further said that the partnership with Sofocle Innovation Labs will help ensure steady growth and build a virtual Blockchain Lab and innovation Center with a semester course. The course will be led by an expert team of Blockchain professionals.

The CEO of Sofocle Labs, Jeevan Saini stated,

Sofocle Labs offer the way for universities and colleges to set up an innovation hub for inculcating the culture of innovation in harnessing the power of emerging technologies like Blockchain. Our course has been designed using an analytical and hands-on approach to Blockchain, so as to enable the budding engineers to become proficient Blockchain engineers and architects of tomorrow.

The traditional forms of Blockchain course are highly instructive and at times, lags behind the rapid changes happening in the core technology and the application technology on the whole. Sofocle Labs is administered by a team of blockchain professionals with an experience of more than 4 years who are consistently working to provide impeccable solutions and products using blockchain technology.

Few of them are:

A virtual blockchain lab that helps the learners to develop and place blockchain apps and nodes. This lab is powered by the Zeeve Platform, a leading Blockchain automation platform in the world.
Blockchain courses that are up to the mark and provide Code Repository of Industry Solutions
Capstone Project
Hands-on training led by Blockchain experts
Blockchain examination and Industry Recognized certification.

Blockchain technology is creating waves in various sectors that include banking and financial services, supply chain, insurance and healthcare. As per speculations, made for the future status of the blockchain industry, it is estimated that the world will invest around $3.1 Trillion in blockchain by the year 2030 and by that time 91% of the IT infrastructure globally will be based on the blockchain system.

GBP/USD Get Preyed Within a Choppy Market at 1.187

By

Marisol Contreras

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March 26, 2020

GBP/USD took a candlestick above 1.195 in yesterday’s session after a week of downward correction wherein, the pair hit the lowest at 1.140. Since the start of the trading session today, the trend of the Great Britain Pound against the greenback appears flat. The Pound is experienced a bearish volatile move as the US Dollar turning up to be the most demanded avenue due to the ongoing assumptions about liquidity crunch amid the global crisis.

Analyzing the above GBP/USD trend over the past 7 days, we see that the Pound is losing the traction against the American Dollar as the Wall Street’s equity market ramps up. Although, the pair is seen drawing a slight uptrend until it is hit by another volatile move, which is likely to lead to a price accumulation or a choppy market. The pair was a prey of a choppy market around the previous week’s end when it tested the support around 1.4096.

However, GBP is likely to be volatile as the current momentum in the choppy market and a further break below 1.1400 I likely to hit the bearish zone. Having said this, a further break happens to hold the least probability as the pair retains support from the 50-day and 200-day daily MA. A daily movement amidst the said market with continuous oscillations is an acceptable change as per the current economic crash of the forex market.

The technicals appear quite subtle as the RSI remains grounded at 55 and holds no extremities for the currency with a price accumulation and a flat movement of the pair as confirmed by the MACD.

TCS to Give Free Access of TCS iON Digital Glass Room Amid Corona Crisis

By

Felicia Learned

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March 25, 2020

TCS Provides Free Access to Its TCS iON Digital Glass Room

Not just the healthcare sector, but all the industrial zones have been badly affected by the pandemic outbreak followed by the remedial lockdowns in different parts of the world. Business operations, trading activities, financial operations, tourism, transportation, etc. have come to a standstill because of the COVID-19 attack. Undoubtedly, the lockdowns imposed by governments have forced people to stay back at home. Where the adults are restrained from visiting their offices, the youngsters and the children are stopped from going to schools.

The closure of schools, colleges, and coaching institutes has given a major jolt to the education sector. The exams are being postponed for an indefinite period of time as well as the onset of the new sessions had to be canceled or delayed by the school authorities to ensure the safety of the students and the teaching staff. In such dire situations, online education portals and virtual class platforms can play a significant role in keeping up with the syllabus requirements of the students. An array of online platforms are helping students in continuing with their usual study schedule by arranging for online classes, video lessons, and online quizzes. These help the learners to be in touch with studies irrespective of the outside circumstances.

As a significant move, the Indian tech giant, Tata Consultancy Services, has announced to allow the students to access its interactive TCS iON Digital Glass Room platform free of cost.

Amidst school & college lockdowns,@TCS_iON offers free access to its interactive #virtualclassrooms. With this, educators, students can connect in a safe, secure virtual environment, moving lessons from classrooms to interactive digital glassrooms.https://t.co/036iFD0LNI #COVID19 pic.twitter.com/55for3nOes

— Tata Consultancy Services (@TCS) March 24, 2020

The platform will work as a link between educators and the students by providing them with a secure, safe, virtual environment. The participants will be able to enjoy an amazing experience where knowledge preaching will be transitioned from classrooms to interactive glass rooms. The mobile and web application allows educators to share lessons, videos, worksheets, assignments, and assessments using polls, debates, quizzes, surveys, and other tools. It also has a live classroom tool that helps students to have live classroom teaching experience.

Venguswamy Ramaswamy, Global Head, TCS iON stated that

These are unprecedented times. With schools and colleges shut down across the country, we want to empower these institutions and help them switch to a virtual mode, so students’ learning journeys can continue uninterrupted on our platform.

The platform is available to all types of institutes irrespective of the language, Board/University affiliation, or size. The interested schools and organizations need to get themselves registered on the official portal to get access. It is likely to help students in their studies who are struggling in this COVID-19 crisis.

EUR/USD Analysis: EUR/USD Pulls Back Yet Manages to Toll Above 1.080

By

David Pender

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March 25, 2020

EUR/USD strengthens against the greenback in today’s trading session after testing support at 1.07464 on Tuesday, March 24, 2020. Impressively, the pair rose around the weekly major resistance at $1.08874, yesterday but was unable to sustain.Analyzing the above EUR/USD movement over the past 24 hours, we see that the fiscal stimulus package is likely to weigh over the dollar. Fed’s open-ended QE is waiting for its approval as the situations worsen. The American’s greenback is under pressure as the Asian stocks gains moderate momentum in the day’s trading session, today.

EUR/USD is keeping its ground above 1.08, at the press time. However, a dip is feared below 1.08 as the forward-looking German IFO Expectations Index for March prints well below the expected figure of 82, ramping the ongoing recession that has been instigated due to the pandemic outbreak. Moreover, the Wall Street is also accelerating as the government injects liquidity amidst the global crisis due to Coronavirus.

However, EUR/USD is below Monday’s trading high which was marked at 1.088 and has retained strong support at 1.080, below which there will be a bearish breakdown around previous monthly low and below 38.20% Fib Retracement Level.

Binance Announces Launch of Latest Phase of Its Lending Products

By

Timmy Murphy

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March 24, 2020

Binance Introduces 18th Phase of Binance Lending Products

Binance has decided to launch the 18^th phase of Binance Lending Products beginning from March 24, 2020, at 12 noon. Binance will make available the 30-day fixed-term lending products.

The format for subscription will be the first-come-first-served basis. The subscription period will begin from March 20, 2020, at 12 PM and will last till March 25, 2020, till 12 PM.

The interest calculation tenure will begin from March 25, 2020, at 12 PM and last till April 24, 2020, till 12 PM. The interest payout time will be instantly after the loan term gets matured.

Here are lending product details. The name of the digital asset is ARPA and the term to maturity is 30 days. The total subscription cap is 10,000,000 ARPA and the individual cap is 500,000 ARPA. The annualized interest rate is 15 percent. The lot size is 20,000 ARPA. And, interest per lot at maturity is 246.575342 ARPA.

Meanwhile, the amount subscribed to Binance lending products won’t get their equivalent staking rewards.

Binance is a leading global cryptocurrency exchange that offers an ideal platform for trading of over 100 cryptocurrencies. Binance is now considered as one of the biggest cryptocurrency exchanges all across the globe as far as trading volume is concerned.

The goal of Binance is to boost the freedom of money all over the world. And, the company thinks that by spreading this freedom it will help in improving lives world over.