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EU ordered Luxembourg to collect around €250 million from Amazon

October 5th, 2017 (0)
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, Commission finds Luxembourg gave illegal tax benefits to Amazon worth ...

Venezuela suggests global oil trade in Russian ruble & Chinese yuan

October 5th, 2017 (0)
The President of Venezuela Nicolas Maduro has proposed oil producing countries should discuss creating a currency basket for trading crude and refined products. “Developing a new mechanism of controlling the oil market is necessary,” he said on Wednesday at ...

Emerging markets currencies review: Most LatAm currencies strengthened

October 5th, 2017 (0)
Most Latin American currencies strengthened on Thursday on expectations that U.S. President Donald Trump will appoint a less hawkish head of the Federal Reserve than expected. Politico reported on Tuesday that Treasury Secretary Steven Mnuchin favors the appointment of ...

Elliott Wave Analysis: GBPJPY and AUDNZD

October 4th, 2017 (0)
  Elliott Wave Analysis: GBPJPY and AUDNZD GBPJPY can be trading at the end of a three-wave correction. We see waves a-b and c now completed near the lower channel line, from where a new bounce can come in ...

Bitcoin could hit $6,000 by year-end, experts said

October 4th, 2017 (0)
Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been ...

CySec announced that a Cyprus Investment Firm renounced its authorisation

October 4th, 2017 (0)
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform  that, on 21st September 2017, the CIF AJF Financial Services Ltd (the ‘Company’), which provided investment services via the domains www.alphainvestment.eu, www.direktbroker24.de, www.ondatrade.com, www.tradefinancial.eu, renounced its authorisation, pursuant ...

U.S. oil prices dips below $50

October 4th, 2017 (0)
Oil prices eased on Wednesday, with U.S. crude dipping below $50 per barrel, pulled down by caution that a rally that lasted for most of the third quarter would not extend through the last three months of the year. ...

The euro, yen and pound advanced; dollar slips

October 4th, 2017 (0)
The rally in the dollar petered out as investors awaited President Donald Trump’s decision on the leadership of the Federal Reserve and gauged prospects for U.S. tax cuts. Bonds edged higher and Asian stocks were mixed after American indexes ...

Elliott Wave Analysis: AUDUSD and Silver

October 3rd, 2017 (0)
  Elliott Wave Analysis: AUDUSD and Silver AUDUSD is seen in fifth wave of a wave 3) so bottom formation may be seen in the next few sessions. We also see slower bearish momentum in the last few sessions, ...

Japan Approves 11 Bitcoin Exchanges In Regulatory Framework

October 3rd, 2017 (1)
Japan’s Financial Services Agency (FSA) has granted regulatory approval to 11 domestic virtual currency exchanges, making them the first to be allowed to operate under the country’s new financial services regulations. The list of companies includes bitFlyer, QUOINE, Bit ...
Broker Cyprus TopFX