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Forex and Cryptocurrency Forecast for 27 – 31 May 2024 EUR/USD: The Battle of Europe and US PMIs Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May...

CryptoNews of the Week – On 20-21 May, bitcoin surged sharply for the first time since 9 April, approaching $72,000. This rally was triggered by data showing a sharp increase in investments in BTC-ETFs, reaching a nine-week high. According to CoinShares, investments in crypto funds rose by...

NordFX's New Mega Super Lottery: 202+4 Prizes in 2024 Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money...

CRYPTOCURRENCIES: Weak USD = Strong BTC "A week of reflection and uncertainty": this is how we described the previous review. On Wednesday, 15 May, this uncertainty was resolved in favour of the crypto market. As often happens, the reason for this was the Fed's monetary policy. The released...

Forex and Cryptocurrency Forecast for 20 – 24 May 2024 EUR/USD: Weak Inflation = Weak USD The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20...

CryptoNews of the Week – Billionaire Mark Cuban stated that if Joe Biden loses the upcoming presidential election, the crypto community will have a chance to "thank" the SEC (Securities and Exchange Commission) and its head, Gary Gensler. According to Cuban, the conflict between the SEC and...

USD/JPY: $50 Billion Interventions Wasted? It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE...

Forex and Cryptocurrency Forecast for 13 – 17 May 2024 EUR/USD: Medium-Term Outlook Favours the Dollar Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central...

CryptoNews of the Week – Anthony Pompliano, founder of Pomp Investments, asserts that bitcoin is "stronger than ever." This conclusion is based on the 200-day moving average (200 DMA) reaching its all-time high above $56,000. "In the long term, digital gold continues to appreciate. It is...

NordFX Named Best ECN/STP Forex Broker 2024 NordFX received its first award nearly 15 years ago, back in 2010. Since then, it has been honoured with more than 70 professional prizes and titles for achievements and innovations across various sectors of the financial industry. However, only...

CRYPTOCURRENCIES: BTC-2025 Target – $150,000-200,000 In the last review, we wondered where bitcoin would fall. Now we know the answer: on 01 May, it fell to the mark of $56,566. The last time the main cryptocurrency was valued this low was at the end of February 2024. Bearish sentiments...

USD/JPY: A Truly Crazy Week At its meeting on 26 April, the members of the Bank of Japan (BoJ) Board unanimously decided to leave the key rate and the parameters of the QE program unchanged. There was no harsh commentary expected by many on the future prospects. Such inaction by the central...

Forex and Cryptocurrency Forecast for 06 – 10 May 2024 EUR/USD: What's Wrong with the US Soft Landing? The headline of our last review stated that inflation remains stubborn, and the US GDP is slowing. Newly arrived data have only confirmed these assertions. A crucial inflation measure that...

– American regulators, according to the administrator of Bitcoin.org known as Cobra, are preparing to impose a complete ban on self-custody of cryptocurrency. This means that US citizens will have to involve intermediaries who will store digital assets. "If you think the government won't come...

CryptoNews of the Week – Investors may not see a rise in the price of the main cryptocurrency to new historical highs in the coming months. Optimism about the launch of cryptocurrency ETFs in Hong Kong quickly dwindled, and bitcoin began to search for its bottom again. Liquidations of long...

April Results: A British Pound Trade Nets NordFX Client Over $25,000 in Profit Brokerage firm NordFX has summarized the trading performance of its clients for April 2024. The efficacy of social trading services, PAMM and CopyTrading, as well as the earnings of the company’s IB-partners were...

USD/JPY: Reached the Moon, Next Target – Mars? We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy? At the meeting on April 26...

Forex and Cryptocurrency Forecast for April 29 - May 3, 2024 EUR/USD: Inflation Persists, US GDP Growth Slows The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European...

- Investments in bitcoin by "new" whales have almost doubled the indicator of "old" major players. These assessments were shared by the CEO of CryptoQuant, Ki Young Ju. The expert attributed to the "whale" addresses not associated with CEX and miners with a balance of over 1000 BTC. The "new"...

CryptoNews of the Week - As expected, on April 20, the fourth halving occurred on the bitcoin network at block #840000. The reward for mining a block has been reduced from 6.25 BTC to 3.125 BTC. It's worth reminding that a halving is the event that reduces the reward for mining new blocks in...