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Forex and Cryptocurrency Forecast for February 06 - 10, 2023 EUR/USD: Three Weeks of Uncertainty The meetings of the Central Banks were held strictly according to plan last week. As expected, the key rate was raised by 25 bps (basis points) at the US Federal Reserve meeting and reached 4.75%, and by 50 bps at the European Central Bank meeting, up to 3.00%. Since the decisions themselves did not bring surprises, market participants focused on the regulators' plans for the future. The next meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve will not be held soon: on March 22, that is, in almost two months. Markets are likely to expect that it will announce another rate hike by 25 bps to 5.00%, after which it will hold it at this level. The DXY Dollar Index fell to a new 9-month low of 100.80 on Thursday, February 02. This happened after the Federal Reserve made it clear that the end of the wave of rate hikes was near. Statistics show that the regulator's efforts to solve economic problems are yielding results: the inflation rate was 9.1% (the highest figure in 40 years) in June, and it fell to 6.5% in December. This makes it possible to put the brake on quantitative tightening (QT). Investors understood the dovish hints of the head of the Fed, Jerome Powell, who, during the press conference following the meeting, admitted for the first time that "the deflationary process has begun." He also assumed that the peak rate would not exceed 5.00% and reiterated that the US Central Bank can achieve a slowdown in inflation without causing significant damage to the economy. As for the Eurozone, inflation, as shown by data for January, has been falling for the third month in a row. But the basic price increase remains at the same level, despite the fall in energy prices. According to forecasts, inflation in the Eurozone is expected to reach 5.9% in 2023, to fall to 2.7% in 2024, and to fall even lower to 2.1% in 2025. Unemployment growth is also projected to decline further, while GDP growth expectations remain at the same level. According to preliminary data published on Wednesday, February 01, the growth of the European economy will be 1.9% in 2022, which is lower than the previous value (2.3%), but higher than the forecast (1.8%). Following the last meeting, ECB President Christine Lagarde said that the risks to both economic growth and inflation in the Eurozone have become more balanced. And that the ECB will assess economic development after the next rate hike in March. (It is also expected to be 50 bps). When asked about the possibility of further rate hikes after March 16, Ms Lagarde refrained from making any commitments. This put downward pressure on the euro, and EUR/USD turned around and went down without rising above 1.1031. The dollar received an additional boost of strength after the publication of impressive data from the US labor market on Friday, February 03. Data released by the Bureau of Labor Statistics (BLS) showed that the country's unemployment rate, instead of the expected increase to 3.6%, fell from 3.5% to 3.4%, and the number of jobs created outside the agricultural sector (NFP) in January increased by 517K, which is 2.8 times higher than the 185K forecast, and almost twice higher than December's 260K growth. As a result, EUR/USD finished at 1.0794. Recall that it ended the week at 1.0833 on Friday, January 13, at 1.0855 on January 20, and at 1.0875 on January 27. This proximity of all these values (within 100 points) suggests that the market has not received clear signals about where it should aim in the foreseeable future. Although, at the time of writing the review (Friday evening, February 03), the US currency has a certain advantage. Economists at Singapore's financial UOB Group suggest that the euro is not yet ready to move towards the resistance of 1.1120, and the pair may trade in the range of 1.0820-1.1020 for the next 1-3 weeks. As for the median forecast, 45% of analysts expect further strengthening of the euro, the same number (45%) expect the dollar to strengthen, and the remaining 10% have taken a neutral position. The picture is different among the indicators on D1. 35% of the oscillators are colored red (one third of them are in the oversold zone), 25% are looking up and 40% are colored gray neutral. As for trend indicators, 50% recommend buying, 50% selling. The nearest support for the pair is in the zone 1.0740-1.0775, then there are levels and zones, 1.0700-1.0710, 1.0620-1.0680, 1.0560 and 1.0480-1.0500. The bulls will meet resistance at the levels of 1.0800, 1.0835-1.0850, 1.0895-1.0925, 1.0985-1.1030, 1.1120, after which they will try to gain a foothold in the 1.1260-1.1360 echelon. Next week's calendar may mark Monday February 06, when preliminary data on consumer prices in Germany and final data on January retail sales in the Eurozone will be published. Fed Chairman Jerome Powell is expected to speak on Tuesday. The final data on inflation (CPI) in Germany and unemployment in the US will arrive on Thursday, February 09. And the value of the Consumer Confidence Index from the University of Michigan USA will be known on Friday, February 10. GBP/USD: Riddles from BoE The famous London fog continues to haze the monetary policy of the Bank of England (BoE). Like the ECB, this regulator raised the key rate by 50 bp. to 4.00% on Thursday, February 02, but at the same time it softened its message noticeably. This pushed the British currency back from its highs since mid-June 2022. values (1.2450) down, to the level of 1.2100. At the week's low, after the publication of the US NFP, the GBP/USD pair traded even lower at 1.2046, and ended the five-day period almost there, at 1.2050. As already mentioned, the future of the UK's finances is vague and uncertain. We have tried to make sense of what the chief economist said BoE Hugh Pill, giving an interview for Times Radio on Friday February 03. Here are just a few quotes. “We must admit that we have already achieved a lot” - “There are many more steps in the pipeline.” “A number of news stories have improved recently” - “We must be prepared for shocks.” "We have a fairly high degree of confidence that inflation will fall this year" - "The focus is on whether inflation will fall further." And like the icing on the cake, Hugh Pill's remark that it's important for the Bank of England not to do "too much" in monetary policy. To be honest, we were unable to determine from this statement where the line between "little", "much" and "too much" is drawn. Therefore, here is the opinion of Commerzbank strategists. “It has become clear that the Bank of England is nearing the end of its rate hike cycle,” they conclude. And they continue: “While the Bank of England has left the door open for further rate hikes, a more assertive approach would be desirable from a currency market perspective due to high uncertainty. Against this background, it is not surprising that the sterling has weakened, and its further decline seems likely to us.” This point of view of Commerzbank economists has been supported by 55% of analysts, who also "thought probable" a further fall in GBP/USD. The opposite view is held by 45% of experts. Among the trend indicators on D1, the balance of power is 75% to 25% in favor of the reds. Among the oscillators, the reds win as well: their advantage is 85% versus 15%. However, among the reds, 20% signals that the pair is oversold. Support levels and zones for the pair are 1.2025, 1.1960, 1.1900, 1.1800-1.1840. When the pair moves north, it will face resistance at the levels 1.2085, 1.2145, 1.2185-1.2210, 1.2270, 1.2335, 1.2390-1.2400, 1.2430-1.2450, 1.2510, 1.2575-1.2610, 1.2700, 1.2750 and 1.2940. Among the developments regarding the UK economy in the coming week, Friday 10 February will attract attention with the release of UK GDP data for the past 2022. It is expected that, despite some growth in Q4 (from -0.3% to 0.0%), the annual rate will show a drop from 1.9% to 0.4%. USD/JPY: Non-Farm Payrolls Knocks the Yen Down In general, the Japanese yen moved in the same way as its counterparts against the dollar last week, the euro and the British pound. However, its volatility was practically not affected by the decisions of the ECB and the Bank of England. In this case, the determining factor was the difference between interest rates on the dollar (+4.75%) and the yen (-0.1%). As a result, having found a local bottom at 128.08, USD/JPY moved sideways after the Fed meeting, and data from the US labor market (NFP) sent it on a space flight on Friday, with a length of almost 300 points, to the height of 131.18. The flight of investors from the dollar to the safe haven of Japan has stopped, and they have again decided to choose the American currency as a safe haven. USD/JPY set the last chord of the week at the level of 131.12. Markets will now wait for March 10 for the current Bank of Japan (BoJ) Governor Haruhiko Kuroda to hold his last meeting. His powers will end on April 8, and the meeting of the BoJ on April 28 will be held by the new head of the Central Bank. It is with this event that the markets associate a possible change in the monetary policy of the regulator. Although, until that moment, interventions from the BoJ, similar to those that the regulator undertook in October-November 2022, cannot be ruled out to stop the fall of the national currency. So far, analysts' forecasts do not provide any clear guidelines: 40% of them side with the bulls, 40% with the bears, and 20% have decided not to make predictions at all. Among the oscillators on D1, 75% point north (15% are in the oversold zone), 15% look south and 10% look east. For trend indicators, 50% look north, exactly the same number in the opposite direction. The nearest support level is located at -130.85 zone, followed by the levels and zones of 130.50, 129.70-130.00, 128.90-129.00, 128.50, 127.75-128.10, 127.00-127.25 and 125.00. Levels and resistance zones are 131.25, 131.65, 132.00, 132.80, 133.60, 134.40 and then 137.50. No important events regarding the Japanese economy are expected this week. CRYPTOCURRENCIES: BTC Has Become a Risk Protective Asset The past week proved once again that the top cryptocurrencies, and primarily bitcoin, have long ceased to be independent. Their quotes, as well as risky assets in general, are firmly tied to the decisions of the US Federal Reserve: the US dollar is on the opposite side of the scale in BTC/USD. If it weakens, bitcoin gets heavier, and vice versa. Of course, decisions by other regulators, such as the ECB or the People's Bank of China, also influence the price of virtual assets, and internal crises such as the FTX collapse may also shake it up. But the Fed is still the main trend creator of BTC/USD. Bitcoin is still an amazing asset. It managed, as they say, to sit on two chairs last year. On the one hand, its correlation with the stock market and stock indices S&P500, Dow Jones and Nasdaq allows it to be classified as a risky asset. But on the other hand, analysts at the crypto media site CryptoSlate draw attention to the correlation of cryptocurrency with... gold, which has been considered insurance against inflation and other financial risks since ancient times. The coincidence in movement between the two assets has reached, according to CryptoSlate, an absolute maximum,­ 83% since February 2022. It turns out that bitcoin is both a risky and protective asset at the same time. As they say, a friend among strangers and a stranger among friends. According to Goldman Sachs economists, even after adjusting for risk, bitcoin has already significantly outperformed gold, stock markets and the real estate sector in terms of profitability and continues to do so. The main cryptocurrency is now showing its best start to the year since January 2013. Its rate rose by 51% then, the growth was 40% last month. It happened against the backdrop of the weakness of the US dollar. “At the same time, 85% of the contribution to the rally is associated with investors from the United States,” says Markus Thielen, head of research at crypto services provider Matrixport. The bullish stance of US companies is also confirmed by the renewed premium in bitcoin futures listed on the Chicago Mercantile Exchange. Open interest in BTC futures on the Chicago Mercantile Exchange (CME) is significantly outperforming the price, with a 77% month-on-month rise to $2.3 billion. “We interpret this as a sign that faster institutional traders and hedge funds are actively buying back the recent fall in the cryptocurrency markets,” Thielen said. Deutsche Digital Assets made a similar observation earlier, on January 20, drawing attention to the increase in Coinbase's premium as evidence of increased buying interest from sophisticated US institutional­ investors. A survey by financial advisory firm deVere Group showed that despite the challenges of 2022, 82% of millionaires were considering investing in digital assets. 8 out of 10 surveyed clients of the company, with assets to invest from $1.2 to $6.1 million, turned to financial advisers for cryptocurrency advice. Nigel Green, CEO and Founder of the deVere Group, believes that while the group surveyed is “generally more conservative,” its interest stems from the core values of bitcoin: “digital, global, borderless, decentralized, and secure from unauthorized access". Green also notes a growing interest in crypto services from older financial institutions such as Fidelity, BlackRock and JPMorgan, and considers this a good sign for the industry. He predicts that the momentum of interest will build as the “crypto winter” of 2022 thaws due to changing conditions in the traditional financial system. (For reference, a June 2022 Pricewaterhouse-Coopers report showed that roughly a third of the 89 traditional hedge funds surveyed had already invested in digital assets.) Similar results were obtained by analysts from Pureprofile. Their study involved 200 institutional investors and asset managers from the US, the EU, Singapore, the UAE and Brazil. The total amount of funds managed by respondents was $2.85 trillion. Nine out of ten investors in the survey were in favor of the growth of the flagship cryptocurrency in 2023, and 23% believe that the value of BTC will exceed $30,000 by the end of the year. In the longer term, 65% of respondents agree that the coin will break the $100,000 mark. Not only whales, but also smaller investors remain optimistic, despite the dramatic events of the last year. According to statistics, the total number of digital wallets with a balance of $1,000 or more in bitcoin or ethereum increased by 27% in 2022. According to the survey, more than 88% of Binance crypto exchange customers plan to continue investing in cryptocurrencies, and only 3.3% do not consider this possibility. Bitcoin is still the dominant asset, owned by 21.7% of those surveyed. Over 40% of respondents bought digital assets last year for investment purposes. Other motives were the decline in the value of bitcoin and the general bearish trend. Almost 8% cited the geopolitical situation in the world as a reason for the purchase, and 11.5% expressed distrust of the traditional financial system. 40.8% do not use traditional investment opportunities (buying shares, investing in real estate, mutual funds), while 32.4% do use them. At the same time, 79.7% are sure that cryptocurrencies are necessary for the development of the global economy, and 59.4% of respondents believe that deposits in cryptocurrencies will be able to replace bank deposits over time. Galaxy Digital Holdings Ltd founder billionaire Mike Novogratz, having weathered a challenging 2022, is now committed to long-term investment in bitcoin mining with a $65 million acquisition of a Helios mining facility in Texas, USA. And according to estimates by a popular analyst aka Plan B, known for his “Stock-to-Flow” model, the price of bitcoin will reach $1 million by 2025, which will more than recoup Mike Novogratz's costs. As for this year, Plan B expects it to rise above $100,000. The analyst also said that the January bitcoin pump confirms that the asset's 4-year cyclical price bottom is over. According to historical observations by Matrixport experts, while January bitcoin quotes were in the “green” zone on the chart (and they were there), the price rally usually continued in the following months of the year. Based on this, they predict that the flagship cryptocurrency could reach $45,000 by Christmas 2023. And the well-known cryptocurrency trader Peter Brand considers the bulls' joy a little premature and sticks to the bearish forecast for the near future. As the expert noted, many traders and investors are now waiting for a certain pullback in order to enter the market at better prices. The specialist believes that the flagship of the crypto market may reach the level of $25,000 in the near future, after which there will be a correction closer to $19,000. However, in the medium term, Brand is still optimistic and predicts bitcoin to rise to $65,000 in the middle of this year. Crypto analyst Benjamin Cowen, who said that bitcoin has a “long year” ahead of time, also warns against premature glee. According to the expert, it may appear that BTC has significant strength, while in fact the asset is likely to be in the process of forming a wide sideways range as a base. Cowen explained that sideways movement is not always an indicator of the growth of the first cryptocurrency and may also signal a fall in quotes. The analyst reminded traders that a bearish cycle is usually followed by a year of sideways movement. Thus, there were three upward impulses in 2015, and only the last one turned into a real rally. There were also periods of growth in quotes in 2019, then their active fall followed, and a cycle that brought the crypto market to new highs started only after that. Cowen noted that 2023 can be seen as a year of accumulation and that investors can take advantage of this period to increase their holdings of BTC. In addition, he believes that the US Federal Reserve should ease monetary policy for cryptocurrency prices to grow. (The last meeting of the regulator gives hope for this). At the time of writing this review (Friday evening, February 03), BTC/USD is trading in the $23,400 zone. The total capitalization of the crypto market is $1.082 trillion ($1.060 trillion a week ago). The Crypto Fear & Greed Index, a metric showing the general attitude of the community towards bitcoin, entered the Greed zone for the first time since March 30, 2022, reaching 60 points (55 a week ago). It is clear that this is due to the growth of the coin rate in the first month of the year and the general revival of the market. It is worth noting, however, that the increased confidence among crypto investors should not be directly viewed as a catalyst for the resumption of bullish growth in the bitcoin price. In fact, a Fear or Extreme Fear metric could indicate a good buying opportunity, and too high a Greed reading could mean the market is headed for a downward correction. And at the end of the review, our half-joking column of crypto life hacks. This time we want to draw the attention of BTC holders to Nigeria. It turns out that this is where you could earn. News releases say that the price of bitcoin on the popular NairaEX exchange in this country, in terms of local currency, jumped to almost $40,000, which is about 70% higher than the global market quotes. As it turned out, the discrepancy is due to the limit imposed by the Central Bank of Nigeria on withdrawing funds from ATMs. So, ladies and gentlemen, do not forget about arbitrage deals, they can also bring good profits. The main thing is to know what, where, when and at what price to buy and then sell. NordFX Analytical Group Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited. #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market https://nordfx.com/

Gold – Does History Repeat Itself? Gold price has extended buying momentum on Tuesday, developing the takeoff from $1,500 seen on Monday. I guess the explanation for the move lies primarily in the following chart: As you might expect, I’m talking about inflation expectations in the United States. I also raised this topic in my yesterday post. Since last Friday, average expected inflation over the next five years has jumped from 0.86% to 1.23%. It is well known that gold and the inflation factor in pricing of the dollar are inversely related, which is based on the simple idea that an asset that loses its purchasing power should become cheaper in relation to the asset that retains it. The latest jump in gold can be explained by the following factors: Fundamentally determined weak prospects and an increased expected variance of returns on risky assets; Rising concerns of inflation outbreak in the United States thanks to “unlimited” asset purchases by the Fed, which also expanded the range of securities to include corporate and municipal bonds and is now basically in “whatever it takes” mode; Basic supply/demand change: expectations an increase in the money supply in the economy contributed to the currency weakness against other majors (including gold) which outweighed demand driven by “flight into cash” motive; If you look at how gold behaved during and after the previous crisis, there are some parallels that we can draw: At that time, there were debates whether QE would lead to an acceleration in price growth or not, i.e. at the beginning of QE, there were expectations of this, which was priced in accordingly in the price of gold. I emphasize that QE’s novelty as a policy measure at that time was a volume of guaranteed bond purchases (the Fed achieves its interest rate targets by the same open market operations – treasury purchases that change supply of bank reserves). The novelty of the current measures, in my opinion, is in their volume again, which has potential to lead to similar gold response. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Thanks for fast RCB! 14 USDT - 2023-02-06 20:53:33 1581adf3bc2bd51879a375f31958fe13d3aa4b96abe96d9c4ba5d0d5322b1033

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NordFX Was Recognized Not Only as Most Reliable Forex Broker, But Also as Best CFD Broker Asia in 2022 According to Forex-Awards expert council, NordFX won a convincing victory in the Best CFD Broker Asia 2022 nomination. The past year was very fruitful for NordFX, as a result of which the company was awarded several prestigious professional awards recognizing its achievements both in specific regions and its success in general. THE BIZZ Business Excellence Award from the World Confederation of Businesses, Best Execution Broker LATAM from International Business Magazine Awards, Best Crypto Broker from AllForexRating Awards, Most Reliable Forex Broker Asia from Finance Derivative Awards, Best Broker Middle East from Forexing Awards were added to NordFX titles in 2022. NordFX is now also named Best CFD Broker Asia by Forex-Awards. This honorary title was awarded to the company by the Forex-Awards Expert Council based on the opinions of both independent experts and the trading community. A unique team of expert professionals headquartered in Hong Kong honor the most remarkable solution and innovation in almost 30 nominations since 2010, reward market participants featuring breakthrough initiatives and excellent results in the Forex industry. The Forex-Awards Expert Council has previously noted the merits of NordFX. This time, the Best CFD Broker Asia award is due to the company's achievements in online CFD trading, including an impressive range of trading instruments, instant order execution, as well as the lowest spreads and commissions, which have allowed clients from the Asian region to achieve outstanding success. Suffice it to say that the total earnings of traders from the TOP-3 NordFX in 2022 amounted to almost $1,500,000, and most of these traders are from Asia. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited. #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market https://nordfx.com/

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Gold and Yen Became Most Profitable Instruments for NordFX Top Traders in January NordFX Brokerage company has summed up the performance of its clients' trade transactions in January 2023. The services of social trading, CopyTrading and PAMM, as well as the profit received by the company's IB-partners have also been assessed. - The best result among traders was shown in January by a client from West Asia (account #1644XXX), whose profit amounted to 71,280 USD and was received mainly due to transactions with gold (XAU/USD) and Japanese yen (USD/JPY). - The second place in the top three NordFX top performing clients belongs to the holder of account No.1543XXX from East Asia, who earned 19,983 USD. In addition to gold (XAU/USD) and yen (USD/JPY), this trader's arsenal has been supplemented with such an exotic pair as USD/ZAR (American dollar/South African rand), - Finally, another representative of the West Asian region (account No. 1672XXX) took the third place on the January podium with a profit of 17,059 USD, whose trading instruments, in addition to gold (XAU/USD) and the Japanese yen (USD/JPY), also included the European currency (EUR/USD). The passive investment services: - In CopyTrading, the "veteran" signal - KennyFXPRO - Prismo 2K continues to increase profits. It increased its profit to 307% in 637 days. But given the relative stability, it should be borne in mind that this supplier's trade failed seriously last November, when the maximum drawdown on this signal was close to 67%. Bull trader is another interesting signal. True, it is much younger, it is only 183 days old. It has increased the deposit by 183% during this time, since July 25, 2022, while the maximum drawdown has not exceeded 23%. Fans of algorithmic trading can look out for a startup called ATFOREXACADEMY ALGO 1. This signal has shown a profitability of 93% in just 41 days, although its drawdown was not small, 38%. Here, as usual, it is appropriate to recall that, in addition to a short life span, aggressive trading is a serious risk factor, which carries increased risks. Therefore, we urge you to be extremely cautious when working on financial markets. - However, as practice shows, a long lifespan and good trading performance in the past do not guarantee against future losses. Thus, two leading accounts in the PAMM service suffered significant losses last November. The KennyFXPRO-The Multi 3000 EA account has existed since January 2021, and the maximum drawdown on it did not exceed 20% for a long time. However, the situation became more complicated in mid-November 2022, the drawdown exceeded 42%, and the account manager decided to close unprofitable positions. As a result, profits fell from 170% to 70%. The TranquilityFX-The Genesis v3 account found itself in a similar situation: its maximum drawdown doubled as well, while profits fell from 130% to 44%. It should be noted to the credit of both managers that they did not allow a complete zeroing of deposits, and now they are moving forward again, although very cautiously. The yield on the first signal rose to 80% by January 31, 2023, and to 50% on the second one. Among the NordFX IB partners, December TOP-3 is as follows: - the largest commission, 8,141 USD, was credited to a partner from South Asia, account No.1618ХXХ; - the next is their colleague from Southeast Asia (account No. 1656XXX), who received 6,196 USD during the month; - and, finally, their colleague from Western Asia (account No. 1645XXX) closes the top three, earning 4,526 USD in commissions in January. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited. #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market https://nordfx.com/

CryptoNews of the Week - Bitcoin has had its best start to the year since January 2013. The rate rose by 51% then, the growth was 40% last month. It happened against the backdrop of the weakness of the US dollar. “At the same time, 85% of the contribution to the rally is associated with investors from the United States,” says Markus Thielen, head of research at crypto services provider Matrixport. The bullish stance of US companies is also confirmed by the renewed premium in bitcoin futures listed on the Chicago Mercantile Exchange. “We interpret this as a sign that faster institutional traders and hedge funds are actively buying back the recent fall in the cryptocurrency markets,” Thielen said. Deutsche Digital Assets made a similar observation earlier, on January 20, drawing attention to the increase in Coinbase's premium as evidence of increased buying interest from sophisticated US investors. An institutional-led bullish reversal in bitcoin could be a good sign for the US stock market, given that the cryptocurrency bottomed a few weeks before the S&P 500. - Binance Bitcoin Exchange reported that user interest in digital assets remains high. According to the survey, more than 88% of Binance customers plan to continue investing in cryptocurrencies, and only 3.3% do not consider this possibility. Bitcoin is still the dominant asset, owned by 21.7% of those surveyed. The top three also include Tether (17.8%) and BUSD (10.3%). Over 40% of respondents bought digital assets last year for investment purposes. Other motives were the decline in the value of bitcoin and the general bearish trend. Almost 8% cited the geopolitical situation in the world as a reason for the purchase, and 11.5% expressed distrust of the traditional financial system. 40.8% do not use traditional investment opportunities (buying shares, investing in real estate, mutual funds), while 32.4% do use them. At the same time, 79.7% are sure that cryptocurrencies are necessary for the development of the global economy, and 59.4% of respondents believe that deposits in cryptocurrencies will be able to replace bank deposits over time. According to statistics, the total number of digital wallets with a balance of $1,000 or more in bitcoin or ethereum has increased by 27% in 2022. - Despite the fact that 2022 was a challenging year for the crypto industry, 82% of millionaires considered investing in digital assets like bitcoin. This follows from a survey conducted by financial consulting company deVere Group. The results of the survey, published on January 30, show that 8 out of 10 surveyed clients of the company, with assets to invest from $1.2 to $6.1 million, turned to financial advisers for cryptocurrency advice. Nigel Green, CEO and Founder of the deVere Group, believes that while the group surveyed is “generally more conservative,” its interest stems from the core values of bitcoin: “digital, global, borderless, decentralized, and secure from unauthorized access". Green also notes a growing interest in crypto services from older financial institutions such as Fidelity, BlackRock and JPMorgan, and considers this a good sign for the industry. He predicts that the momentum of interest will build as the “crypto winter” of 2022 thaws due to changing conditions in the traditional financial system. For the record: A June 2022 report by Pricewaterhouse-Coopers found that roughly a third of 89 traditional hedge funds surveyed had already invested in digital assets like bitcoin. - The Fear and Greed Index, a metric showing the community's general attitude towards bitcoin, entered the “Greed” zone for the first time since March 30, 2022. This is due to the increase in the bitcoin rate in the first month of the year and the general revival of the entire market. It is worth noting, however, that the increased confidence among crypto investors should not be directly viewed as a catalyst for the resumption of bullish growth in the bitcoin price. In fact, a Fear or Extreme Fear metric could indicate a good buying opportunity, and too high a Greed reading could mean the market is headed for a downward correction. - Tron founder Justin Sun said that the legalization of cryptocurrency will not only make it easier to buy and sell goods and services but will also give the public more control over their financial future. “Cryptocurrency can become a powerful tool for financial inclusion and improving the lives of people in all corners of the world. […] Let's work together to create a more inclusive and equal future for all,” wrote Justin Sun. For the record: TRON is a decentralized entertainment content platform based on blockchain and using the TRX token. The platform also offers tools that allow developers to build and launch their own dApps. - Jordan Belfort, a former stockbroker widely known as “The Wolf of Wall Street”, also believes that regulation of the digital asset segment may be a bullish catalyst for bitcoin in the future. According to the entrepreneur, the flagship cryptocurrency will only benefit from this. He also emphasized that if world governments continue to print money uncontrollably, more and more users will see bitcoin as a reliable tool to protect against inflation. - The price of bitcoin on Nigeria's popular NairaEx exchange jumped in terms of local currency to almost $40,000, which is about 70% higher than the global market. The discrepancy is due to the limit imposed by the country's Central Bank on withdrawing funds from ATMs. The regulator took this step in order to reduce the share of cash in cash turnover. - Arizona Senate Member Wendy Rogers has once again proposed approving bitcoin as legal tender in the state. In a tweet, Rogers quoted Goldman Sachs data that the first cryptocurrency is “the world's most profitable asset this year.” If the law is passed, the cryptocurrency will receive the same status as the US dollar. - Billionaire founder of Galaxy Digital Holdings Ltd Mike Novogratz, having endured a challenging 2022, is now determined to increase investment in bitcoin mining. His focus is Texas, where Galaxy Digital Holdings Ltd is buying the Helios mining operation from Argo Blockchain for $65 million. There are currently almost 30 mining companies in Texas. In total, they have already created about 2,000 new jobs directly, and indirectly, about 20,000 more. The Governor's Blockchain Working Group believes that Texas, which leads in oil production, is able to maintain leadership in the US in bitcoin mining as well. - According to Matrixport experts, the flagship cryptocurrency rate may reach $45,000 by Christmas 2023. Researchers released a report in which they shared a historical observation: when January's bitcoin quotes on the chart were in the “green” zone, the price rally usually continued in the following months of the year. - A popular analyst Plan B has outlined a scenario that, in his opinion, could raise the bitcoin price to $1 million by 2025. As for this year, he predicts the price will rise above $100,000. The analyst also said that the January bitcoin pump confirms that the asset's 4-year cyclical price bottom is over. Plan B is known for the "Stock-to-Flow" model, which attempts to model the price of bitcoin based on its scarcity. His concept involves a parabolic jump in the price of an asset every 4 years due to halving. That being said, the analyst was heavily criticized in 2022 due to an unfortunate prediction that BTC would rise well above $100,000 at the end of 2021. After that, he adjusted his model based on 18-month statistics, as a result of which a smoother growth of the main cryptocurrency was incorporated into it. - Cryptocurrency analyst Benjamin Cowen said that bitcoin has a “long year” to look forward to. According to the expert, it may appear that BTC has significant strength, while in fact the asset is likely to be in the process of forming a wide sideways range as a base. Cowen explained that sideways movement is not always an indicator of the growth of the first cryptocurrency and may also signal a fall in quotes. The analyst reminded traders that a bearish cycle is usually followed by a year of sideways movement. Thus, there were three upward impulses in 2015, and only the last one turned into a real rally. There were also periods of growth in quotes in 2019, then their active fall followed, and a cycle that brought the crypto market to new highs started only after that. The analyst noted that 2023 can be seen as a year of accumulation and that investors can take advantage of this period to increase their holdings of BTC. In addition, Cowan believes that the US Federal Reserve should ease monetary policy in order to increase cryptocurrency prices. - Peter Brand, a well-known cryptocurrency trader, has a bearish forecast for the near future, as BTC has not been able to gain a foothold above $23,500 for a long time and is in consolidation. As the expert noted, many traders and investors are now waiting for a certain pullback in order to enter the market at better prices. The specialist believes that the flagship of the crypto market may reach the level of $25,000 in the near future, after which there will be a correction closer to $19,000. Brand remains optimistic from a medium-term perspective, predicting bitcoin to rise to $65,000 in the middle of this year. - This release of CryptoNews was prepared a few hours before the meeting of the US Federal Reserve, following which the decision on the key rate will be announced. If the rate, according to forecasts, increases by 0.25%, and at the same time the head of the Fed, Jerome Powell, clearly hints at the dovish attitude of the regulator, this will most likely weaken the dollar and push the quotes of risky assets, including cryptocurrencies, up. On the other hand, if, contrary to the expectations of investors, the refinancing rate rises by 0.50%, a wave of panic sales in the crypto market cannot be ruled out. You can find out what will actually happen in NordFX's regular analytical review, which, as usual, will be published at the end of the week. Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds. #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin #stock_market https://nordfx.com/

Hello, Evadavers! We want you to be one step ahead of the competition. Therefore, we have created an exclusive forecast for advertisers and publishers from Evadav experts, in which we will tell you about the trends in 2023 in affiliate marketing. In this digest, you will learn: - the most promising traffic sources; - potentially profitable geo; - actual vertices; - the best advertising formats for high CR and CTR; - the most effective approachesto making creatives; - major 2023 trends and anti-trends in affiliate marketing. If you want to feel confident in 2023, start testing current trends and follow the tips from Evadav experts today. Read the digest Launch advertising campaigns in 2023 with fire profit

Make sure your trading platform is well-todo. Good analytical ability is needed for better market prediction. Eurotrader provides signals on and off to help traders in gaining profit from the market.

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Trade Forex maintaining the trading rules and regulations. You have to take help from external sources too to understand the financial condition of the market. Quantitative analysis bolsters the result of technical analysis. Eurotrader allows all types of trading on their platform.

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BTCUSD and XRPUSD Technical Analysis – 17th JAN 2023 BTCUSD: Three Inside Up Pattern Above $17323 Bitcoin continues its bullish momentum from last week and after touching a low of $17323 on 11th Jan, the price started to correct upwards against the US Dollar and is now ranging above the $21000 handle in the European trading session today. We can see an upwards rally in the BTCUSD which managed to touch the level of $21390 on 16th Jan. We can clearly see a three inside up pattern above the $17323 handle which is a bullish reversal pattern because it signifies the end of a downtrend and a shift towards an uptrend. Bitcoin touched an intraday high of 21288 and an intraday low of 20952 in the Asian trading session today. The price of bitcoin is ranging near a new record high of 1 month. The ichimoku is indicating a bullish crossover with tenkan and kijun in the 30-minute time frame. Both the STOCH and Williams percent range are indicating overbought levels which means that in the immediate short term, a decline in the prices is expected. The resistance of the channel is broken in the 15-minute time frame indicating bullish trends. The relative strength index is at 72.09 indicating a very strong demand for bitcoin, and the continuation of the buying pressure in the markets. Bitcoin is now moving above its 100 hourly simple moving average and above its 100 hourly exponential moving averages. Most of the major technical indicators are giving a buy signal, which means that in the immediate short term, we are expecting targets of 22000 and 23500. The average true range is indicating less market volatility with a strong bullish momentum. Bitcoin: bullish continuation seen above $17323 The STOCHRSI is indicating an OVERSOLD level The price is now trading just below its pivot level of $21167 The short term range is strongly bullish Bitcoin: Bullish Continuation Seen Above $17323 The price of Bitcoin witnessed a rally after crossing the $18000 levels, and now we can see some market consolidation above the $21000 levels. After the consolidation phase is over, we are expecting upside moves in the range of $22000 to $24000 levels. There is an ascending channel forming with the current support at $17379 which is a 14-3 day raw stochastic at 20%. We can see the formation of a bullish trend reversal pattern with the adaptive moving average AMA20 in the 15-minute time frame. The immediate short-term outlook for bitcoin is strongly bullish, the medium-term outlook has turned bullish, and the long-term outlook remains neutral under present market conditions. Bitcoin’s support zone is located at $18865 which is a 50% retracement from a 4-week high/low and at $19892 which is a 14-3 day raw stochastic at 70%. The price of BTCUSD is now facing its classic resistance level of 21263 and Fibonacci resistance level of 21320 after which the path towards 22000 will get cleared. In the last 24hrs BTCUSD has increased by 1.28% by 266.18$ and has a 24hr trading volume of USD 22.330 billion. We can see a decrease of 4.90% in the trading volume compared to yesterday, which appears to be normal. The Week Ahead Bitcoin’s price rocketed higher recently and moved to a 2-month high crossing the $21000 levels. We are now looking for the next upwards move towards the $22000 and $24000 levels. The daily RSI is printing at 86.91 which indicates a very STRONG demand for bitcoin and the continuation of the bullish phase present in the markets in the short-term range. We can see the formation of a bullish trend line from $17323 towards the $21324 level. The price of BTCUSD is now facing its resistance zone located at $21466 which is a 13-week high and $22981 which is a 3-10 day MACD oscillator stalls. The weekly outlook is projected at $23000 with a consolidation zone of $22000. Technical Indicators: The MACD (12,26): is at 689.90 indicating a BUY The commodity channel index, CCI (14): is at 86.32 indicating a BUY The rate of price change, ROC: is at 1.60 indicating a BUY Bull/bear power (13): is at 593.30 indicating a BUY VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.

FTSE 100 still at highest levels in 5 years despite this morning's drop The performance of the 100 most prestigious companies listed on the London Stock Exchange has made for exciting viewing over recent days, with the FTSE 100 index that tracks them having rocketed in value. Last week, the FTSE 100 index raced to its highest point in over three years, with some analysts across the City of London having begun to wonder whether it may reach 8,000 points. Yesterday, the rally continued, and the FTSE 100 reached its highest position in five years, which is a remarkable milestone, as the trading day ended at a very high 7,856. This morning, the trading bonanza came to an abrupt end, as a sudden drop took place at 9.00am during the London trading session, signaling a break in the FTSE 100 index's almost unstoppable rally. However, even after such a drop, the FTSE 100 was still standing at 7,845 points which is still its highest point in five years apart from yesterday's peak. The sudden drop was quickly reversed, and by 9.30am there was a slight movement upwards once again, which by 9.45am resulted in a climb back to 7,849 points. Now it is hard to tell whether this upward movement will continue and cancel out this morning's drop entirely, or whether this is the end of the massive rally experienced by the FTSE 100 index over recent weeks. Interestingly, in this age of high technology in which internet giants such as Amazon and Google dominate the world's corporate stage, NASDAQ has been hit badly with weakening overall stock values as the US tech stocks and electric vehicle manufacturers' poor performance has had an impact. Meanwhile the FTSE 100 which tracks traditional firms such as airlines, mining companies, banks, pharmaceuticals, retail giants, supermarkets and healthcare firms among others, is booming. All this with a backdrop of a weak economy in the United Kingdom and high inflation compared to greater production output and lower inflation in the United States. For the moment, it certainly appears that there is life in 'low tech' and that London's trading floor is a hive of activity. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.

How Are Services Taking Over the Affiliate Market? Case Study: 500%+ In 3 Months How to describe affiliate marketing in 2023? It seems that for the majority of people that phrase immediately brings images of a gold rush. Yet instead of gold mines now we have social networks and advertising platforms, and instead of gold miners we have the same kind of risky fortune seekers, who want to avoid the harsh fate of a lifetime working in a dusty factory. Another thing that makes modern affiliate marketing akin to gold mining is the booming industry of "shovel salesmen" (we're talking about services for affiliate marketers). So, today we're going to talk about one such service. If you still haven't heard about PST.NET, then you're either not into affiliate marketing or you're not reading news from the industry (how do you work then?). "PST provides media buyers with trusted virtual payment cards from US and European banks", – that phrase is learned by almost every media buyer because new materials about the service are constantly in the news. Service's audience grows every month in geometric progression, here is traffic data on www.pst.net for the last 5 months from SimilarWeb. Taking into account long visit duration and low bounce rate, we can conclude that PST.NET is being used by more and more affiliate marketers. Naturally, market capacity of payment solutions for affiliate marketing is limited, while none of the other payment services not only shows no growth – all of them are noticeably losing their audience. It is not difficult to guess where this audience flows to. Question arises – are frequent publications in the media able to be the sole reason for such an explosive growth of the service's popularity? Obviously not. Then another question is waiting to be answered – what is the reason for such attention? Most likely, it can be explained by conditions and features offered by the service. Let's satisfy our hunger for research and answer the main question – what is hidden under the hood of increasing popularity of affiliate marketing payment services? Let's take a look at the main page of PST: the ticker immediately focuses our attention on services that can be paid for by virtual crypto cards from PST: Facebook Ads, Google Ads, Instagram Ads, Tiktok Ads, Microsoft Ads – those VCCs are clearly designed to pay for all kinds of digital advertising (although such services as DigitalOcean, Miro and Canva are also mentioned there). This is not the first time we hear the words "best virtual cards", so let's get closer to the specifics. Users can get their first virtual card in about 5 minutes (taking into account registration and depositing via USDT), so there is already one strong advantage over competitors. It is important that to issue the first card there is no need for any documents (in other words PST provides crypto cards without KYC), although in that case card deposit is limited to $500, but that is quite enough for the test. What's important: there is an opportunity to deposit not only with a crypto (USDT, BTC) but also with Visa & Mastercard cards, as well as with bank transfers (Swift, SEPA). There is an automatic withdrawal, but withdrawal amount must exceed $500. Deposits and withdrawals are made instantly, without involving customer support. There are 6 types of cards available for different purposes (advertising, online shopping, etc) and there are cards with 3D-Secure support (SMS confirmation codes that will appear in a personal account and Telegram-bot). There are no limits on the number of cards or spends. There is a popup window on the homepage that promises the opportunity to get 100 free cards for a test, a very low price on all additional cards ($1), and a top-up fee of only 2%. Click on that popup and enroll into PST Private – it's a special program for affiliate marketing teams and users with high turnover (from $30k per month), who are offered such attractive conditions. On the landing page it is mentioned that Visa Platinum Credit cards are offered for PST Private members (that’s cool 👍), and at the end of the page users can leave their contacts (Telegram or Skype) to join the program. What about teamwork? PST service offers advanced functionality for teamwork, and users can get acquainted with those features after getting a Master Account status (to get that status users need to contact the support team). The following features are available to the Master account: Inviting and dismissing team members, managing their roles Setting team members’ limits Instant cards and funds transfers between members' accounts Top-up request system (team members send top-up request to Master account, then Master account can approve transfers in one click) Transaction history of all members and operations, reports can be downloaded in CSV format Among the interesting features of the service we can also note its own BIN checker, which not only allows users to check the information on BIN (BIN can tell various info about payment cards) but shows real-time statistics on the performance of virtual cards from PST (that’s real innovation right there). Service discloses information about the percentage of approved/rejected transactions for specific BINs, average spend on cards with those BINs and the statistics on billing thresholds. In addition to the web version, PST has a mobile application too (only for Android so far, iOS version is in beta testing). Mobile app copies all the functions of the web version, but in a more smartphone-friendly format. Overall, after a personal acquaintance here are what we can say about the reasons for the popularity of this virtual payment card service: Simple and fast registration (easy to try) Terms beyond competition (they give 100 cards for free in case of big spends, $1 per card, and top-up fee just 2%) Multiple deposit methods (crypto, cards, bank transfers) Instant withdrawals (no need to contact support) 3DS support (transaction confirmation codes) BIN checker to track the status and performance of BINs There is a mobile app Has PST succeeded in creating a new industry standard for virtual cards for affiliate marketing in 2023? As always, it's up to professionals to answer that question for themselves.

AUDCHF today as we see here, the chart is still sideways, so the best choice is to using trapping strategy, you can sell it when the price touch resistance area at 0.59310 with potential target up to 0.58112

Narrowing Range in Oil Could Suggest Sweeping Move on the Cards Stock market euphoria, which is also expressed by a global dollar dump, does not resonate with crude oil: WTI trades in a narrowing range around the $23 mark, remaining unimpressed by the dollar weakness and rebound in risk assets: Such a pattern usually precedes a strong move and there are some reasons to expect the market to lose its temper. Government actions around the world are increasingly saying that countries are making bets on the experience of Wuhan in suppression of the outbreak – organizing home quarantine for at least two weeks. This is accompanied by serious short-term economic losses, including a drop in demand for fuel and a decrease in manufacturing and production activity because of forced decreased labor supply. This week the second most populated country in the world and the largest oil consumer, India, announced a 21-day full quarantine, which is likely to force experts to revise consumption forecast even more to the downside. Data on Thursday showed that the number of initial unemployment claims in the US rose to a significant 3.3M. The response of the stock market showed that the downside surprise was quickly absorbed. The number of confirmed cases worldwide increased by 13.43% on Thursday compared with the previous day after several days of consistent decrease in the growth rate: The head of the IEA Fatih Birol said that global oil demand is now “in a free fall”, and the glut is deepening due to the price war between Russia and Saudi Arabia. According to him, 3 billion people are locked down, as a result, oil demand may fall by 20 million barrels per day (almost 20%). Goldman gave similar depressing figures for March and April (10.5M b/d and 18.7M b/d) and it is clear that bigger and longer lockdowns should shave off more near-term consumption demand. That’s why “updated” EIA forecasts offer even gloomier view. In the near-term prices may be supported by the decision of the US government to restart economy earlier as Trump promised. Rumors about the move should be kept on the radar. Oil trader Vitol Group expects that demand drop will accelerate over the next three months and will not fully recover this year. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.