Find out the most bullish forecast for gold!
Bitcoin crosses $50,000!
Just opened the FBS Trader and saw Bitcoin above $50,000! Not that it was something unexpected but still, it's an important mark and opens further horizons for the cryptocurrency to conquer. Very possibly, $100,000 may be somewhere within those horizons in the observable future - everything is possible now!
What's moving it upwards is the increasing institutional investors interest in cryptocurrencies. One of the recent impulses was provided by Elon Musk who announced that Tesla got a very big chunk of its equity converted into Bitcoin - logically, the coin went on for a bullish rally after that. The more corporations and economic structures reveal and manifest their active interest in Bitcoin, the higher it will go. Those who profess $100,000 and more base their predictions mainly on that.
OPEC will hold its extraordinary meeting on Thursday. Will that help to push the oil price up?
Bitcoin reached new record highs above $7,300 on the Luxembourg-based Bitstamp exchange on Friday…
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.