Various sources believe that Facebook will unveil a new cryptocurrency payment plan sometimes this month. The company will allow employees working on the project to take their salary in the form  of the new currency. One year ago, Facebook has appointed former Paypal executive David Marcus to explore the blockchain technology. Since then, Facebook has […]

Short Term Elliott wave view in GBPUSD suggests the decline from June 7 high is unfolding as an impulse Elliott Wave structure. Down from 1.276, wave (i) ended at 1.265 with internal as an impulse in lesser degree. Wave (ii) bounce ended at 1.276 as a zigzag Elliott Wave structure.  Pair has now reached 200% […]

Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now risen 0.3% since February. The official number has raised speculation that further interest rate cut will come. RBA (Reserve Bank of Australia) has been fighting […]

American Express (NYSE: AXP) is an American multinational financial services corporation that was founded in 1850. Since it’s IPO back in the seventies, AXP rallied in an initial Elliott Wave 5 waves impulsive structure which ended in 2000 with the Dot Com Bubble as a wave ((I)). In the following years, the stock did a huge Flat as […]