The Japanese financial regulator, the Financial Services Agency (FSA), no longer wants to describe Bitcoin as a virtual currency. During the plenary session of the 41st General Assembly of the Financial Council and the 29th Meeting of the Financial Division, Professor Iwashita Goto from the Public Policy Graduate School of Kyoto University asked the members to adjust their views on Bitcoin.

The EUR/USD pair has made another rally towards the technical resistance at the level of 1.1323, but the bulls were too weak to break through the resistance. In the result, a possible Double Top formation was made at the level of 1.1323 and the candlestick formations that build this are Bearish Engulfing formations.

Gold price as mentioned in our last analysis has broken below important support area. Gold price remains in a bearish trend since topping back in February 2019. Gold price target is at $1,250-60 and we may also see a deeper correction towards $1,220.

According to media reports, France will attempt to convince the other EU Member States to adopt similar to its own rules on cryptocurrencies, according to Bruno Le Maire, French Minister of Economy and Finance. The new regulations are supposed to attract cryptocurrency issuers and traders to France, providing them with official recognition and at the same time taxing their profits.