Tesla invested $1.5 billion in bitcoin

Tesla invested $1.5 billion in bitcoin

Latest news

  • US stocks have been climbing up for six days in a row. Notably, it’s the longest rally since August!
  • S&P 500 surged above $3 900 for the first time, driven by hopes for an upcoming Biden’s relief package.
  • Crude oil is coming back to pre-pandemic levels. WTI has just crossed $58.50, while Brent oil has jumped above $61.00.
  • The market sentiment improved due to vaccine rollouts and signs of progress on US stimulus. However, investors start discussing how soon reflation trade could threaten stocks.
  • Apple may soon offer a platform for buying and selling cryptocurrencies. If the tech giant enters the crypto market, Apple will skyrocket.
  • Tesla invested $1.5 billion in bitcoin, sending the cryptocurrency above $47 000. 

Technical analysis

EUR/USD has approached the 100-period moving average of 1.2090. The move above it will drive the pair to the high of January 29 at 1.2150. However, it’s the least possible scenario, since the upside is limited by both the upper trendline and the 100-period moving average. Therefore, the pullback to the downside is expected. Support levels are 1.2050 and 1.2000.

EURUSDH4.png

GBP/USD is edging higher to the key psychological mark of 1.3800. The move above this level will drive the pair up to the next round number of 1.3850. Support levels are at yesterday’s low of 1.3730 and at the 50-period MA of 1.3690.

GBPUSDH4.png

USD/JPY has bounced off the 200-day MA of 105.60 and broken through the key psychological mark of 105.00. The move down to the 100-day MA of 104.50 is clear now. If it manages to cross 104.50, it may fall to the 50-day MA at 104.00.

USDJPYDaily.png

Finally, let’s discuss Brent oil. The current CFD is BRN-21J, which expires on February 26. The move above the high of January 22, 2020 at $64.50 will drive the price to the next resistance of $66.50. Support levels are the key psychological mark of $60.00 and the chain of recent lows at $55.00.

Brent_OilDaily.png

TRADE NOW

Similar

Latest news

Weak USD, Gold and China's Stocks Recover
Weak USD, Gold and China's Stocks Recover

The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!

Gold and Bitcoin Rise, Fed is Eyed
Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera