How to trade the JPY?
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Bitcoin shows Christmas dive
The price of the popular cryptocurrency bitcoin was heading south on Christmas morning because it faced the aftermath of its greatest volatile period.
Christmas morning, bitcoin hit $14,090, as Markets Insider informed.
The cryptocurrency had dived approximately 1.1% of its value for the last 24 hours.
The movement happens to be a moderate loss after much sharper revenues earlier in the week, when this cryptocurrency declined from an all-time maximum of $19,843.
Its value has decreased more than 30% in a single week following a steep depreciation that started around December 17 and 18.
The currency briefly dived below $11,000, losing almost half its value in a couple of days.
After this bitcoin overleapt $15,000, but since that leapt it has been diving.
Nevertheless, the recent jump and dive still represents an enormous soar in value over the course of 2017.
A bitcoin purchased on January 1, 2017 has managed to increase in value more than twelve-fold notwithstanding the late December sag.
Similar
Is Inflation Defeated?
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
Who Will Rule the US?
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
Latest news
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
What Can Rule the Roost in January 2023?
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
