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Forex and Cryptocurrencies Forecast for February 19 - 23, 2024 EUR/USD: A Week of Mixed Data The macroeconomic statistics released last week were mixed in both the United States and the Eurozone. As a result, EUR/USD failed to break through either the 1.0700 support or the 1.0800...

CryptoNews of the Week – The price of bitcoin surged past $51,700 on 14 February, reaching a new high since 2021. This bull rally is largely attributed to the commencement of operations by nine leading spot bitcoin ETFs. According to The Block, a month after their launch, their assets...

CRYPTOCURRENCIES: Why Bitcoin Is Rising "Halving: Grief or Joy?" was the question we posed in the title of our previous review. The debate on this matter does not subside but, on the contrary, becomes more intense as April approaches. The process of profit-taking after the approval of...

USD/JPY: The Pair's Flight to the Moon Continues Thanks to the hawkish rhetoric from Federal Reserve representatives, USD/JPY continued to rise last week, coming close to the psychological resistance level of 150.00. It likely would have breached this level, but market participants are...

Forex and Cryptocurrencies Forecast for February 12 - 16, 2024 EUR/USD: Dollar Dips but Promises a Rebound Last week saw a scarcity of significant macroeconomic data. In anticipation of new drivers, market participants analysed the state of the US labour market and statements from Federal...

CryptoNews of the Week – Nayib Bukele was re-elected as President of El Salvador on February 4, winning by a substantial margin. The leader, who has openly supported bitcoin and made it the country's first legal tender, garnered the support of the majority of the Salvadoran society, securing...

CRYPTOCURRENCIES: Halving – Grief or Joy? Throughout the past week, BTC/USD moved with support at $42,000 without showing any significant results in either direction, drawing special attention to its statistics. Analysts note that the 12-month volatility of the first cryptocurrency has reached...

USD/JPY: BoJ Policy Shift: Dreams or Reality? Strong U.S. labour market statistics dashed the hopes of bulls not only for the euro and the pound but also for the yen. At the beginning of the past week, the Japanese currency was gaining, and USD/JPY was trending downwards, marking a local...

Forex and Cryptocurrencies Forecast for February 05 – 09, 2024 EUR/USD: Dollar Strengthening Prospects Increase Throughout January, a series of indicators: GDP, employment, and retail sales, consistently highlighted the strength of the US economy. The threat of recession diminished, and it...

January 2024 Results: Gold Regains Value in the New Year NordFX, a brokerage firm, has summarized the trading performance of its clients for January 2024. The effectiveness of social trading services, PAMM and CopyTrading, as well as the profits earned by the company's IB partners, were also...

CryptoNews of the Week – Analysts note that the 12-month volatility of the first cryptocurrency has reached its lowest level in 12 years. The indicator has fluctuated significantly over the years, but overall, it has shown a clear downward trend during this period. From 179% in January 2012...

CRYPTOCURRENCIES: Why Bitcoin Fell On January 10, the U.S. Securities and Exchange Commission (SEC) approved a batch of all 11 applications from investment companies to launch spot exchange-traded funds (ETFs) based on bitcoin. Against this backdrop, the quotations of the main cryptocurrency...

GBP/USD: Inflation Continues to Bolster the Pound The retail sales report released on January 19 in the United Kingdom turned out to be disappointing. Retail sales volumes in December decreased by -3.2% following a 1.4% increase in the previous month, while analysts had expected a -0.5% drop...

Forex and Cryptocurrencies Forecast for January 29 – February 02, 2024 EUR/USD: US Economy Delivers Surprises The two most significant events last week occurred on Thursday, January 25. On this day, the European Central Bank (ECB) held a meeting, and preliminary GDP data for the US for Q4...

CryptoNews of the Week – On January 11, bitcoin reached a peak of $47,787, a height last seen in the spring of 2022. However, instead of the anticipated growth, it plummeted and recorded a local low of $38,520 on January 23. In just 12 days, the leading cryptocurrency lost nearly 20%...

CRYPTOCURRENCIES: Numerous Predictions, Uncertain Outcome Last week, the long-awaited regulatory saga finally concluded: as expected, on January 10th, the U.S. Securities and Exchange Commission (SEC) approved a batch of all 11 applications from investment companies to launch spot...

USD/JPY: The 'Moon Mission' Continues According to data published by the Japanese Statistics Bureau on Friday, January 19, Japan's National Consumer Price Index (CPI) for December was 2.6% year-on-year, compared to 2.8% in November. The National CPI, excluding fresh food, was 2.3% year-on-year...

Forex and Cryptocurrencies Forecast for January 22 – 26, 2024 EUR/USD: Reasons Behind the Dollar's Strengthening The past week was notably sparse in terms of macroeconomic statistics. Consequently, the market participants' sentiment largely depended on the statements made at the World...

NordFX: Best News & Analysis Provider 2023 Following the results of the voting on the information portal Forexing.com, the brokerage firm NordFX was acknowledged as the Best News & Analysis Provider 2023. The victory was secured "by a clear margin" with over 75% of the votes cast in favour of...

CryptoNews of the Week – The long-standing regulatory saga surrounding the launch of spot bitcoin ETFs finally concluded last week, with the U.S. Securities and Exchange Commission (SEC) issuing the corresponding approval. Against this backdrop, the quotations momentarily surged to $49,000...