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CryptoNews of the Week – One of the speakers at the annual Bitcoin-2024 conference in Nashville (USA) was the United States presidential candidate Donald Trump. He promised to dismiss the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, if elected, and to appoint...

BITCOIN: Bullish Flag or Bearish Den? Experts at JPMorgan note that the current bitcoin price significantly exceeds its mining cost (~$43,000) and appears overvalued compared to its "fair" price adjusted for volatility (~$53,000). According to JPMorgan, the substantial upward deviation from...

CRYPTOCURRENCIES: Politics Engages with the Digital Market As early as the mid-19th century, French writer Charles de Montalembert warned, "You may not be interested in politics, but politics is interested in you." This sentiment is vividly illustrated by recent developments in the market for...

Forex and Cryptocurrency Forecast for July 29 – August 02, 2024 EUR/USD: Europe is Not Doing Very Well, the US is Not Doing Very Badly The main events in the currency market will unfold in the upcoming week, with meetings scheduled for Wednesday, 31 July, when the Bank of Japan and the...

– Arthur Hayes, the former CEO of the cryptocurrency exchange BitMEX, warned that voters supporting cryptocurrencies may lose their influence on politicians after the presidential elections in November 2024. He suggested that if a regulatory framework for digital assets is not established before...

CryptoNews of the Week – The rise in cryptocurrency prices is likely to be tactical and is not expected to mark the beginning of a prolonged upward trend, according to JPMorgan. The bank's experts noted that the current price of bitcoin significantly exceeds its mining cost ($43,000) and...

CRYPTOCURRENCIES: Surprise – Market Capitalisation Increases by $370 Billion in a Week This week, bitcoin surged above $65,000, reaching a high of $67,490. This is the level it traded at on 17 June. Subsequently, the German government began liquidating crypto holdings confiscated by its police...

GBP/USD: Bank of England – Are Surprises Expected on 1 August? Our previous review of GBP/USD was titled "Pound Wins with Labour," and indeed, it has. Over the past week, the pair reached a high of 1.3043, rising to levels last seen a year ago in July 2023. In our view, this surge was driven...

Forex and Cryptocurrency Forecast for 22 – 26 July 2024 EUR/USD: FOMC - Are Surprises Expected on 31 July? This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and the morning of the 19th, system administrators and...

CryptoNews of the Week – This week, bitcoin rose above $65,000, returning to its trading position from 20 June. BTC's price recovery is driven by renewed capital inflow into spot bitcoin ETFs, which purchase cryptocurrency to back their shares. By the end of the trading session on 16 July...

Why Gold? Mid-2024. Before moving on to gold price forecasts, let's answer the question: what exactly makes this yellow metal valuable? Firstly, note its physical and chemical properties. Gold is chemically inert, resistant to corrosion, and does not rust or tarnish over time, making it an...

Gold as an Investment: Detailed Analysis and Price Forecasts for 2025-2050 Since ancient times, gold has remained a crucial element of global economies. Its unique properties have made it not only valuable as jewellery but also a reliable means of preserving wealth. Today, this metal...

CryptoNews of the Week – Many members of the crypto community believe that bitcoin has already reached its local bottom. For example, this forecast is supported by an analyst known as MartyParty. In his opinion, this is indicated by the fact that the main cryptocurrency has fallen to levels...

USD/JPY: Back to 1986 The yen lost over 12% against the dollar this year due to the large interest rate differential between Japan and the US. It continued to lose ground in the first half of the past week, reaching a new 38-year high of 161.94 on Wednesday, July 3, but failed to break above...

Forex and Cryptocurrency Forecast for 08 – 12 July 2024 EUR/USD: The US is Not Very Good, Europe is Not Very Bad On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing...

CryptoNews of the Week – To continue the rebound from June's lows, bitcoin needs to surpass the $65,000 mark. This level corresponds to the acquisition cost of coins bought by short-term investors, according to CoinDesk. Analysts at Blockware Intelligence observed that the value of digital...

June Results: Gold Brings Astronomical Profits to NordFX's Top 3 Traders The brokerage firm NordFX has summarised the trading performance of its clients for June 2024. Additionally, the social trading services PAMM and CopyTrading, as well as the income generated by the company's IB...

CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250...

USD/JPY: Another Peak Conquered Last week, 75% of analysts expecting new currency interventions voted for the USD/JPY pair's retreat south, while the remaining 25% pointed north. The minority, as is often the case with the Japanese currency, turned out to be right: no interventions occurred...

Forex and Cryptocurrency Forecast for 01 – 05 July 2024 EUR/USD: Inflation in the US – Everything is Going According to Plan Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported that...