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CryptoNews of the Week
– In a CNBC interview, former US President and Republican Party leader Donald Trump highlighted the importance of the American national currency and compared moving away from the dollar standard to a defeat. At the same time, he stated that he does not plan to obstruct...
CRYPTOCURRENCIES: Two Historic Records in One Week
In less than 24 hours on 4 March, bitcoin appreciated by approximately 10% and reached the mark of $69,016. This was a new (but not the last) historical record, surpassing the previous one of $68,917 set on 10 November 2021. Most top-10 crypto...
USD/JPY: A Great Week for the Yen
If the past week was very good for the pound, it was simply great for the Japanese yen. USD/JPY reached a local minimum of 146.47 on the evening of Friday, 8 March, meaning the yen reclaimed more than 360 points from the dollar.
In addition to the weakening of...
Forex and Cryptocurrencies Forecast for March 11 - 15, 2024
EUR/USD: A Bad Week for the Dollar
The past week was dominated by the European Central Bank (ECB)'s meeting on Thursday, 7 March. As anticipated, the pan-European regulator decided to maintain its current monetary policy, leaving...
NordFX's New Mega Super Lottery: 202+4 Prizes in 2024
The new mega super lottery by brokerage firm NordFX kicked off on 8 March this year, featuring a multitude of cash prizes ranging from $250 to $5,000, amounting to a total of $100,000.
The Super Lottery with a prize pool of $100,000 has...
– According to Professor of Physics Giovanni Santostasi, bitcoin could appreciate 64 times in the next 15 years, reaching $10.63 million. This forecast is based on a power-law model.
A power-law relationship is a mathematical connection between two quantities where a relative change in one...
CryptoNews of the Week
– Bitcoin appreciated by about 10% in less than a day on March 4, reaching a new all-time high of $69,016. The previous record was $68,917, set on November 10, 2021. The market capitalisation of the leading cryptocurrency exceeded $1.3 trillion. Most of the top 10...
CRYPTOCURRENCIES: New Records for the "Naked King"
Last week, bitcoin set historical highs against local currencies in many countries. Now, the leading cryptocurrency is aiming to test and possibly surpass its all-time high of $68,917, reached on 10 November 2021. At least, the current...
USD/JPY: Petal Predictions
There's an ancient method of fortune-telling with a flower. A girl takes a flower in her hand and plucks the petals one by one: the first one means someone will love her, the second means they won't, the third means love, the fourth means no love, and so on until the...
Forex and Cryptocurrencies Forecast for March 04 - 08, 2024
EUR/USD: Weak Bulls vs. Weak Bears
Throughout the past week, EUR/USD has been trading within a narrow channel. News favouring the euro pushed it towards the resistance level at 1.0865, while positive developments for the dollar...
February 2024 Results: NordFX Top 3 Traders and New Unique Bonus
NordFX, a brokerage firm, has summarized the trading performance of its clients for February 2024. The effectiveness of social trading services, PAMM and CopyTrading, as well as the profits earned by the company's IB partners...
CryptoNews of the Week
– Donald Trump, the former (and possibly future) president of the United States and leader of the Republican Party, stated in a conversation with Fox News that the current development of bitcoin will require regulatory intervention from the authorities. He mentioned...
NordFX Secures Its First 2024 Award as Best Crypto Broker in South East Asia
Finance Derivative magazine announced the 2024 Awards, among which brokerage firm NordFX emerged victorious in the "Best Crypto Broker South East Asia 2024" category.
Finance Derivative is a publication and magazine...
CRYPTOCURRENCIES: Five Reasons for the End of the Crypto Winter
Throughout the past week, there was a lull in the battle between bitcoin bears and bulls. Choosing $51,500 as the Pivot Point, BTC/USD moved sideways in a narrow corridor of $50,500-$52,500. Bulls' attempt to break through...
USD/JPY: To the Moon and Beyond, Mars is Next
The yield on 10-year US Treasury bonds, currently around 4.30%, continues to support the dollar against the yen, with its low yield and negative interest rates. USD/JPY once again rose above 150.00 last week and attempted to storm the 151.00 mark...
Forex and Cryptocurrencies Forecast for February 26 - March 01, 2024
EUR/USD: ECB Rhetoric Against the Dollar
Data on consumer inflation (CPI) in the US, published on February 13, exceeded expectations. The Producer Price Index (PPI) also indicated a rise in industrial inflation in the...
CryptoNews of the Week
– Lucas Outumuro, head of research at IntoTheBlock, forecasts an 85% chance that bitcoin will reach a new all-time high within the next six months, potentially surpassing $70,000. He identifies five growth catalysts.
1. The halving in April, marking the fourth reduction...
New Unique Accumulative Margin Call Bonus Will Aid NordFX Traders in Tough Situations
Starting from February 20, 2024, NordFX brokerage firm clients have been given the opportunity to participate in the accumulative bonus program, Margin Call Bonus. The purpose of this absolutely unique...
CRYPTOCURRENCIES: Bitcoin Breaks Records
Last week, the price of bitcoin rose above $52,790, setting a new peak since 2021. According to CoinGecko, the market capitalization of the leading cryptocurrency exceeded $1.0 trillion for the first time in two years, and the total market capitalization...
GBP/USD: What's Happening with the UK Economy?
As is known, following the meeting that concluded on February 1, the Bank of England (BoE) announced the maintenance of the bank rate at the previous level of 5.25%. The accompanying statement mentioned that "more evidence is needed that the...