Crypto Industry News: Japanese companies did not report crypto gains of $ 93 million over the past few years until March 2019, according to local media. According to them, about 30 enterprises related to cryptography and 50 people have not declared their revenues from cryptocurrencies since March, allegedly due to the high tax on this […]

Crypto Industry News: The European Union has informed Malta that it needs to improve its resources to fight potential financial crimes as a result of the popularity of cryptocurrencies, according to the local Malta Today press. In a letter to Member States advising on how to spend EU funds, the European Commission pointed out that […]

Crypto Industry News: The European Union has informed Malta that it needs to improve its resources to fight potential financial crimes as a result of the popularity of cryptocurrencies, according to the local Malta Today press. In a letter to Member States advising on how to spend EU funds, the European Commission pointed out that […]

EUR/USD The results of yesterday’s meeting of the ECB turned out to be quite expected: the TLTRO-III program will be launched in September with a credit rate of about zero, the first rate increase will be no earlier than the middle of next year, the economy’s prospects are reduced – from 2020 to 1.6 %, […]

EUR/GBP On Tuesday, June 4, the price turned down from the level of 0.8901, which is the high on July 9, and which on August 14 the price was able to overcome from above, turning to 195-point growth. The observed reversal occurred with the formation of a divergence with the Marlin oscillator on the daily […]

GBP/USD On Thursday, under the influence of activity on the euro in connection with the ECB meeting, the pound sterling grew by more than 50 points, but as a result, closed the day with an increase of only 7 points. Growth stopped near the highs of June 5 and May 27. At this price surge, […]

The euro ignored data on the growth of the eurozone economy in the 1st quarter of this year, as traders closely followed the ECB report. Even despite the fact that the expected dates for raising interest rates in the eurozone were shifted to the middle of next year, and Mario Draghi signaled a possible decrease […]

Mario Draghi again disappointed – but not the eur/usd bulls this time, on the contrary it was the bears. The head of the ECB voiced a rather reserved position, maintaining the appropriate balance in his rhetoric. Sellers of the euro-dollar pair, in turn, became the victims of their own high expectations. Judging by previous forecasts, […]

USDJPY has reached the lower boundary of a huge triangle pattern valid since June 2015. The room to move is getting smaller and a breakout could signal a big move for this pair. For now support remains respected. Blue lines -triangle pattern The lower triangle boundary is found at 107.90-108 and this week price has […]

USDJPY has reached the lower boundary of a huge triangle pattern valid since June 2015. The room to move is getting smaller and a breakout could signal a big move for this pair. For now support remains respected. Blue lines -triangle pattern The lower triangle boundary is found at 107.90-108 and this week price has […]

EURUSD bulls are still alive. Despite the double top and initial rejection at 1.1260, price made a pull back towards support area of 1.12 and bounced back up and closed today above 1.1260. Medium-term trend has changed to neutral from bearish. Red lines – bearish channel Black line – major support EURUSD is about to […]

EURUSD bulls are still alive. Despite the double top and initial rejection at 1.1260, price made a pull back towards support area of 1.12 and bounced back up and closed today above 1.1260. Medium-term trend has changed to neutral from bearish. Red lines – bearish channel Black line – major support EURUSD is about to […]

At 9 a.m. New York time, we unlocked Module 1 of our course “Trade Small, Win Often: The Dick Diamond Method of Trading for a Living,” possibly for the last time in 2019. There’s still time to join – but not much. Registration closes on June 12th. At the very least, see what you might […]

At 9 a.m. New York time, we unlocked Module 1 of our course “Trade Small, Win Often: The Dick Diamond Method of Trading for a Living,” possibly for the last time in 2019. There’s still time to join – but not much. Registration closes on June 12th. At the very least, see what you might […]

A government sling-shot is taking aim at corporate technology giants. Plus, investors in the FAANG stocks are not sleeping too well at night. Take a look at this chart … “Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: –Facebook: http://bit.ly/EWI-Facebook –Twitter: http://bit.ly/EWI-Twitter –LinkedIn: http://bit.ly/EWI-LinkedIn –Website: http://bit.ly/ElliottWaveInternational“ Learn […]

Elliott wave analysis is successfully applied to all equity markets around the globe. Learn how one of our global Elliott wave experts warned subscribers of “an impending change of direction” for a stock market sector that eventually plunged 93% … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the […]

BTC price has been trading downwards as we expected. The price tested the level of $7.650. Anyway, we are still expecting more downside on BTC due to strong downward momentum in the background. Our analysis from yesterday didn’t change much. Blue rectangle – support $7.416 Punc rectangle- Downward target and support $7.000 BTC did break […]

To open long positions on GBP/USD, you need: Buyers of the pound are trying to gain a foothold above the resistance of 1.2713, which will allow to build a new upward trend with an update of the maximum in the area of 1.1257, where the upper limit of the current upward channel passes. In case […]

To open long positions on GBP/USD, you need: Buyers of the pound are trying to gain a foothold above the resistance of 1.2713, which will allow to build a new upward trend with an update of the maximum in the area of 1.1257, where the upper limit of the current upward channel passes. In case […]

To open long positions on EURUSD, you need: After the ECB’s decision and the statements that followed, the euro fell against the US dollar, but buyers are expected to return from the level of 1.1200, which I drew attention to in my morning forecast. Now, their task will be to break through and consolidate above […]

To open long positions on EURUSD, you need: After the ECB’s decision and the statements that followed, the euro fell against the US dollar, but buyers are expected to return from the level of 1.1200, which I drew attention to in my morning forecast. Now, their task will be to break through and consolidate above […]

CADJPY has been finding strong resistance on the 38.2% Fibonacci retracement level of the downward wave from 89.25 to 76.60, near 81.42, falling beneath the 20-simple moving average (SMA) in the daily chart. Having a look at the momentum indicators, the RSI is sloping down below the neutral threshold of 50 and the MACD is hovering near the […]

CADJPY has been finding strong resistance on the 38.2% Fibonacci retracement level of the downward wave from 89.25 to 76.60, near 81.42, falling beneath the 20-simple moving average (SMA) in the daily chart. Having a look at the momentum indicators, the RSI is sloping down below the neutral threshold of 50 and the MACD is hovering near the […]

From April to mid-May, economic activity grew at a modest pace which somewhat improved compared with the previous period as a whole. In almost all districts, there was some growth and a moderate increase in activity was observed in some of them. Production reports were generally positive but in some districts, there were signs of […]

Despite GDP growth rebounding in the first quarter, industrial output and trade data out of Germany at 0600 GMT on Friday are projected to show that the biggest EU economy is not out of the woods yet. In the first three months of the year, the German economy which stagnated at the end of 2018, expanded by […]