On January 20, 2021, US President Biden was sworn in at the White House. So what has changed in the United States during the past year? The menacing new crown pandemic continues to spread, the US's recovering economy is facing unprecedented high inflationary pressures, and the rift between the political parties has not been repaired
The Fed's first interest rate meeting this year was held on Tuesday, and the results of the two-day meeting will be announced on Wednesday.
On Wednesday, the Bank of Canada will announce its interest rate decision at 23:00. At this meeting, the market expects a 70%-75% probability of raising interest rates by 25 basis points. However, Bloomberg Economists expect the Bank of Canada to keep rates unchanged. Analysts see the case for the first-rate hike as solid and likely to send a clear signal of imminent action from the central bank. Therefore, investors are most concerned about whether Canada's interest rate hike cycle will start at this meeting
2021 was labeled as the year of cryptocurrencies as crypto investment became more of a mainstream. Digital coins, like Bitcoin and Ethereum, hit all-time highs and made millionaires of investors around the globe. The crypto market total cap surpassed $3 trillion for the first time, thanks to growing popularity of digital assets. The emergence of new digital assets, like the non-fungible token or NFTs, also contributed in bringing crypto trading to the mainstream.
Australia ends QE
Cryptocurrencies are gaining higher popularity with the accelerating investment interest. The term crypto refers to the complex cryptography that enables the development and processing of digital currencies as well as their transactions through decentralized systems, known as Blockchains.
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