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Talks about FX interventions may result in the EUR/USD correction up The US $700-billion QE is just the beginning of the measures aimed at saving the US economy. In the first two days, the Fed bought the Treasury for $ 275 billion of the announced $ 500 billion and mortgage bonds for $ 52 billion […]

NeoWave Theory by Glenn Neely. Polywaves: structure labels and organization Dear friends! In the previous training article, I described basic rules to identify monowaves. Before we deal with the rules of retracement, I would like to explain the basic principles of wave patterns described in Mastering Elliot Wave by Glenn Neely, I will also explain

The GBP/USD is the weakest since 1985 not only because of the coronavirus World’s major cryptocurrencies fall against the U.S. dollar mostly amid the uncertainty resulted from the coronavirus breakout. However, the GBP/USD crash to the lowest level since 1985 is seen to have resulted from a double uncertainty. In addition to the concerns about the

USCrude – oil  Oil price reached Target Zone 3 [23.94 – 23.53] and broke it out yesterday. The sellers also tried to reach Target Zone 4 [19.84 – 19.43]. There was just a few pips left, after that, the price reversed up into the correction. The downtrend border is at [25.15 – 24.69]. Once the […]

Many economic laws do not work because of the panic in financial markets For Courage. The euro’s rise following the ECB decision to boost its bond-buying program up to €750 billion through 2020 became a kind of award for the central bank’s courage. In a different environment, such ECB measures would drop the euro. The […]

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today Elliott wave BTCUSD analysis The BTCUSD market is forming a down impulse wave A, namely, its third element, impulse [3]. There is likely to forming a sideways correction (4) of [3] as a double three w-x-y. After the final impulse [c] of this double three completes, the price […]

The last breath is a powerful trend reversal pattern It is generally believed there are three stages of the evolution of trends: birth, development and exhaustion. Beginner traders are recommended to open trades in the direction of a trend during the second stage. However, it’s obvious that highest profits can be made when the third […]

Reserve Bank of Australia to buy AUD 2 bn of the bonds – maturities Jan 2026 to June 2030  

This was the emergency Bank of Japan meeting, brought forward a couple of days to address the coronavirus economic impact   Headlines via Reuters: Text here: 

Earlier today the Reserve Bank of New Zealand  announced this was ahead: Filled on all 250m. RBNZ said they had offers submitted for 810m. ForexLive