The meteoric growth of cryptocurrencies over the past few years had a profound impact on global financial markets. Alongside the progress of cryptocurrencies using blockchain technology, many investors and trading professionals are diversifying their portfolios and using Cryptocurrency Contracts for Difference (CFDs) in order to generate returns without actually owning any digital coin or assets.
Index/Stocks /Crypto /Metals /Commodity & Futures /Forex
Apple’s new service
The current USDCHF formation indicates that at the end of November, the market completed the actionary wave y of the cycle degree, followed by a cycle intervening wave x.
The Japanese yen inched higher after January’s Tokyo CPI beat expectations. The US dollar found support in the daily demand zone around 113.50. And that is a sign that upbeat sentiment in the medium-term remains intact
USA30 / USDJPY / EURUSD / XAUUSD
BITCOIN / XAUUSD / EURUSD / USOIL
Kiwi inflation takes flight
Forex chart patterns help traders identify market entry points and profit targets. It allows traders to place stop-loss orders and minimise potential losses.
CFD trading allows you to trade and profit from fluctuating asset prices without actually owning the assets. With the help of leverage, you can take bigger trading positions through CFDs by only investing a small part of the total trade.
2021 began with the Forex market heavily impacted by the new coronavirus variants and lockdowns around the world. However, the market soon recovered, and prices started increasing, bringing the total market’s valuation to $1.93 quadrillion.
If you are hoping to take your first steps in the financial markets, you might consider copy trade as an excellent entry point. With copy trade, you can learn from successful investors and traders, improve your trading capabilities, reduce time spent on research, and move beyond your inexperience. This Copy Trade for Beginners guide is made for beginner investors and traders who wish to know more about the basics of Copy Trade and make their forex trading experience more rewarding.
Microsoft excels
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy
The main driver of the forex market at the moment, seems to be the US Federal Reserve and what moves they will perform moving forward with regards to interest rates and their economy saving bond buying program.
Considering preliminary readings from CME Group for crude oil futures markets, traders added around 25.3K contracts to their open interest positions on Tuesday, reaching the second daily build in a row. In the same line, volume, reversed two pullbacks in a row and went up by around 188.5K contracts.
USA30 / XAUUSD / GBPUSD / USOIL
The US Dollar Index (DXY) measures the value of the dollar against a basket of six major currencies, based on the exchange rates of these currencies. The index was created as an indicator of the weakness or strength of the U.S. dollar relative to other currencies. It is considered as a guiding tool to buy or sell currencies, especially the US dollar pairs, in the forex market.
Buying opportunity?
The Federal Reserve, Fed, is the central bank of the United States. The Fed reinforces the stability of the financial system, sets monetary policy and supervises banks nationwide. Other responsibilities include stabilizing financial markets, regulating the banking system and conducting financial services to the government. The Federal reserve system shapes the financial system by influencing all financial aspects of the economy.