Reasons behind the USD's advance, the earnings season in the United States, the outlook for EUR, JPY, Apple, Amazon, and more in this video!
Bitcoin is near dramatic lows
Cryptocurrencies are depreciating because of several reasons. First of all, there is no positive news on the market. The regulation becomes tougher. More social networks ban cryptocurrency adds. LinkedIn joined a group of Facebook, Google, and Twitter. Cryptocurrency exchanges have to close. Only this week the information about the closing of two exchanges in Japan appeared. More shutdowns are anticipated. Secondly, the users’ interest has significantly declined. The benefit from mining is reducing as more mining companies appear.
Bitcoin is showing dramatic lows again. Today the cryptocurrency plunged to $6,600 but managed to brace energies and climbed to $7,000. Experts predict the fall to $6,000. However, there is a high possibility that bitcoin will rocket after.
This week we will see two CPIs, five PMIs, and a dozen statements from banks governors from all over the world. Why do you need to follow these releases? Because it is a perfect opportunity for markets to gain volatility and for you to earn on this volatility.
This week will be full of meaningful events for the global markets. The US dollar has reached the psychological level of 100. Will it go above or a reversal might happen? How will it affect currency pairs, gold, and the US stock market? All answers are in the video.
Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.