Why is the Bitcoin halving field falling?
Despite many assurances that the price of Bitcoin will rise after the next Halving, the opposite situation is observed in the crypto market.
After Bitcoin made a new high of $73,000 in March 2024, the price has fallen significantly and today stands at $57,000 per coin.
Before Halving, many forecasts were published on the Internet predicting an increase in the value of the main cryptocurrency to $100,000 or even $150,000.
Why did the cryptocurrency not live up to expectations and began to fall, pulling the entire cryptocurrency market with it?
Forecast of the euro dollar exchange rate for the fall of 2024, which currency to give preference to
The most liquid and convenient currencies for storing savings today are still the euro and the American dollar.
As an alternative, you can, of course, use Swiss francs, but they have less liquidity and sometimes problems arise with their exchange, so the dollar and euro are still the priority currencies.
At the end of April 2024, the rate of the EURUSD currency pair is around 1.07 US dollars per euro, but many skeptics predict a quick fall in the value of the euro and a 1 to 1 price decline, as was already the case in 2022.
But is it worth it now to get rid of the euro and urgently exchange them for American dollars, so as not to lose on the exchange rate due to the fall of the euro?
The legendary “Battle of Traders” will begin soon! Hurry up to take part in the competition on demo accounts
The “Battle of Traders” competition has been taking place since 2018, and over such a long period of time it has become a real legend! New winners are announced by the organizer - broker NPBFX , known since 1996 - every month.
Hurry up to take part in the next tournament of the popular competition and win $1000 to your trading account, as well as a super prize - the latest model iPhone!
But first things first.
How the Battle of Traders works
Every month a new “stage” of the competition begins, in which everyone can take part after registration.
In general, during the existence of the competition, hundreds of traders from different countries of the world won it: Russia, Kazakhstan, Belarus, Egypt, Indonesia, Malaysia and others.
Why is the hryvnia not falling against the dollar and euro?
After the start of the war in 2022, the exchange rate of the Ukrainian hryvnia rushed down; if before the start of hostilities, one US dollar was worth 28 hryvnia, then after a couple of months, 1 dollar began to cost 37 hryvnia.
It would seem that everything is logical; a war on the territory of a country never adds stability to the national currency.
But strange things began later; for a year and a half now, the hryvnia has not fallen below the level of 40 hryvnia per 1 US dollar. Why is there no further decline, despite the problems in the Ukrainian economy?
In fact, the answer to this question is quite simple: the hryvnia exchange rate remains at the current level thanks to the efforts of the national bank.
The first year there were restrictions on the purchase of foreign currency imposed by the NBU; it was practically impossible to buy dollars or euros through a bank.
How will exchanges work during Easter 2024?
This year, 2024, the celebration of Catholic Easter falls on Sunday, March 31st. How will exchanges work on holidays and pre-holidays?
Although the holiday itself traditionally falls on a Sunday, traders may experience a change in trading on Thursday, March 28 and Monday, April 1.
March 28, 2024 (Maundy Thursday) – early closure or absence of trading is expected on stock exchanges in the following countries - Argentina, Venezuela, Denmark, Iceland, Colombia, Costa Rica, Malaysia, Mexico, Norway, Peru, Philippines, Sweden.
This will lead to a drop in liquidity for some assets, especially if they are directly related to the above-mentioned countries.
How could European Commission fines bring down shares of Apple, Google and Meta?
According to the well-known news agency Bloomberg , the largest IT companies Apple, Google and Meta face huge fines.
The European Commission is conducting investigations into violations of digital markets legislation.
Each of the defendants faces their own accusations: Google is accused of promoting its subsidiary services in the search, Apple's App Store rules do not meet DMA requirements, and Meta is accused of introducing fees for using Instagram and Facebook.
If a violation of the rules is confirmed, companies face fines of 10% of their total income.
Shelling of Russian refineries pushes oil prices up
The price of oil is quite sensitive to geopolitical factors; oil begins to rise even with the slightest threat of production cuts.
Recently, Ukraine has increased the number of attacks on the oil refining complex of the Russian Federation.
According to the Economic Truth , in 2024 alone, 13 oil refining complexes in Russia were damaged. Which is about 14% of the country's total capacity.
The role of oil refineries (ORPs) in oil pricing also cannot be underestimated. Refineries perform a critical function by converting crude oil into end-use products such as gasoline, diesel fuel and jet fuel.
How much will gold cost in 2024 and is it worth buying?
Gold is the most popular asset, with the help of which it is customary to insure investment risks and the risks of money depreciation.
Over the past 10 years, gold has risen in price by more than 70% and now its price is about 2,000 US dollars per troy ounce .
But despite all the attractiveness of this asset, the price of gold does not always rise; for example, in 2012, the cost of the precious metal decreased by more than 20%.
Therefore, it cannot be said that this investment option with a 100% guarantee will bring profit; it all depends on when you buy the metal and when you sell it.
Forecast of the dollar and euro exchange rates for 2024, taking into account existing trends
In 2024, the leading world currencies are still the US dollar and the euro.
But which of these currencies should you bet on in the coming year and in what is it better to store the bulk of your funds?
What will be the forecast for the US dollar exchange rate against the European currency Euro, taking into account the events that will occur in 2024?
At the moment, the situation is rather ambiguous, since both currencies are subject to pressure from the unstable political situation and the economic crisis.
What will the Polish zloty exchange rate be in 2024?
The exchange rate of the Polish zloty to the US dollar is an important indicator of the state of the Polish economy.
It reflects the dynamics of prices for goods and services imported into Poland, as well as exported goods and services produced within the country.
In recent years, the exchange rate of the Polish zloty against the US dollar has shown a downward trend, that is, there has been a gradual decline in the value of the zloty.
In 2023, the average exchange rate was 4.20 zlotys per dollar, which is 10% lower than in 2022, when the geopolitical situation in the region worsened.
Artificial intelligence Bard assessed the likelihood of bankruptcy of the Binance exchange
Recently, there have been many reports in the media about the possible bankruptcy of the largest cryptocurrency exchange, Binance.
These messages have caused concern among investors about their funds, which will be frozen in the event of an unfavorable scenario.
The basis for anxiety and panic was a series of unpleasant events. First there was the fall of the cryptocurrency market, after the ban on the issuance of BUSD stablecoins and the departure from Russia, then a lawsuit against the exchange for not complying with international anti-money laundering rules.
As a result, Binance must pay a fine of $4.3 billion, and its head Changpeng Zhao must resign as CEO.
Forex trading on news – NPBFX invites you to free webinars!
The number of educational webinars offered to traders is growing daily.
Deceptively attractive headlines are found on literally every Forex trading website.
But how can you find really worthwhile information that you can trust among all this “noise”?
We suggest paying attention to free online webinars from the progressive broker NPBFX .
The company has more than 20 years of banking experience and has been operating in the market since 1996.
New markets, why investments in the Indian economy are more promising
It seems to most people that there are no other stocks other than the securities of American companies that we constantly hear about in the news.
But there are other markets, including developing ones, that have great prospects for growth and payment of dividends.
Today, Europe and the USA are going through hard times; most experts predict an imminent collapse of their stock markets, so investors are increasingly looking towards new assets.
At the same time, the most interesting alternative destinations are countries such as China and India.
The question naturally arises: what to choose for investing money, China or India?
The situation in the European economy today
Understanding the current state of the EU economy helps in making important decisions, such as investing in shares of European companies or buying euros.
Recently, the European Union, like most other world countries, has been going through far from the best times. The main reasons for the current economic situation were the pandemic and rising energy prices.
Record inflation led to an increase in interest rates , as a result of which the rate of the European Central Bank reached 4.5%, which is a historical maximum for the entire existence of the euro.
The eurozone economy stalled or even contracted in the third quarter of 2023 under the cumulative burden of interest rate hikes.
How the war between Israel and Palestine will affect global financial and commodity markets
The conflict between Israel and Palestine, which began on October 7, 2023, has already had a negative impact on global financial and commodity markets.
The current conflict taking place in the heart of the Middle East could have significant consequences for global financial and commodity markets.
The region is a critical node in global economic and energy networks, and any long-term tension or instability could cause significant fluctuations at the global level.
Markets directly related to the conflict area will react first, for example, Israel is the largest supplier of diamonds, medicines, agricultural products and fertilizers.
Central banks are increasingly giving their preference to “non-reserve” currencies when building reserves
The US dollar has long been one of the key currencies in the world. Today it continues to play a leading role, even as the American economy's share of global output declines.
However, central banks hold fewer dollars in their reserves than before. Last year, the dollar's share of global foreign exchange reserves fell below 59%, continuing a trend over the past 20 years.
The first blow to the dominance of the American currency was the emergence of the main competitor of the Euro; currently the European currency occupies about 20% of the Central Bank's reserves.
In recent years, the economies of Europe and the United States have been going through difficult times; this fact cannot but affect the popularity of the currencies of these countries. Therefore, new trends are beginning to appear in the policies of central banks.
US investors are losing interest in the Chinese stock market
The Chinese stock market has been one of the fastest growing in the world in recent years, and shares of Chinese companies have been in high demand among investors.
However, in recent months, American investors have become less and less interested in securities from China.
According to Bloomberg , US investors' investment in Chinese stocks fell 70% in July 2023 compared to July 2022.
There are a number of objective reasons why Americans are gradually losing interest in the Chinese stock market.
HSBC forecasts a recession in the US in the fourth quarter of 2023, followed by a recession in Europe in early 2024
Joseph Little, one of the wealth managers at the British banking giant, said: We are experiencing a slight downturn in profits and corporate defaults are rising steadily.
We are assured that high inflation will subside relatively quickly, giving policymakers the opportunity to cut rates.
However, despite statements from central bank officials and obvious pressure on inflation, HSBC Asset Management expects the Fed to cut rates by the end of 2023, with the ECB and Bank of England following suit in 2024.
The Fed is pausing monetary tightening and keeping its target range for the federal funds rate at 5% to 5.25%, but is signaling that two more rate hikes are possible this year.
How much are Apple Inc. shares actually worth?
Blue chips, or shares of top companies, on the stock exchange have always been in high demand among potential investors.
Apple Inc. Securities For several years now, they have been included in the category of blue chips, and are one of the most liquid assets on the securities market.
Over the past 5 years, Apple's share price has more than quadrupled to $183, bringing the company's market value close to $3 trillion.
At the same time, net profit for 2022 amounted to almost 100 billion US dollars, part of the profit was used to pay dividends.
Cheap Japanese yen improves Japanese economic growth prospects
A cheap national currency is not always a negative factor for a country’s economy; most countries artificially try to prevent excessive strengthening of their currencies.
One of the countries that is trying to reduce the exchange rate of the national currency is Japan; its Central Bank very often intervenes in the foreign exchange market.
In 2022, the Japanese yen showed a record decline against the US dollar and other world currencies.
If over the past ten years the average price of the USD/JPY was at around 110 dollars per 1 dollar, then in 2022-2023 the situation changed significantly and the quote reached a 24-year high.
ECN with a minimum deposit and additional bonuses when opening it
It is no secret that the best account option when trading on the stock exchange are accounts using ECN (Electronic Communication Network) technology.
It is the Electronic Communication Network that eliminates interference in the trading process and ensures maximum speed of transaction execution.
The only drawback of such accounts is that brokers have fairly high deposit requirements when opening them.
The minimum deposit for ECN accounts is usually a few thousand US dollars, but thanks to a promotion run by one of the brokers, you can open this account for much less.
What is more promising: platinum or gold?
Over the past few months, many investors who bought gold at prices above $2,000 per troy ounce have been wondering why gold has stopped rising?
Almost every day the news reports about a possible US default and how much the price of the precious metal will rise after that, but the price still moves in the corridor of $2000-2050.
There are quite a few reasons why gold does not rise in price, but the most important is the low demand for this precious metal.
A paradoxical situation has developed in the market: on the one hand, Central banks and small investors are buying up gold bars, on the other hand, there is a reduction in demand for precious gold products and an increase in the supply of the metal.
What could restrictions on investment in the Chinese economy lead to?
Today China is the world's second largest economy; in 2022, China's GDP amounted to more than 18 trillion US dollars.
The country managed to achieve this figure, not least thanks to foreign direct investment.
Every year, foreign investors invest about $200 billion in the development of the Chinese economy, and every year this figure grows by an average of 20%.
The other day, the American administration announced that it was preparing a package of sanctions against China, and they would also affect investments in the Chinese economy.
Conflicting Predictions Regarding the Price of Major Cryptocurrencies
The financial crisis has led to people no longer trusting banks; recently, the outflow of deposits from banks has amounted to hundreds of billions of US dollars.
But not everyone prefers to keep withdrawn money in cash; many investors choose investing in cryptocurrencies as an alternative to deposits.
While forecasts for this type of asset are far from clear, some predict sky-high rates for major cryptocurrencies, while others predict the market will fall to a new low.
Currently, the price of Bitcoin is in the region of $30,000, and the second most popular digital currency, Ethereum, is approaching $2,000 per coin.
Cryptocurrency traders prefer not to pay taxes
Every year, the popularity of cryptocurrency trading is growing exponentially; more and more people are making money from speculative transactions using digital assets.
Profits amount to millions, and sometimes tens of millions of US dollars.
It would seem that large earnings presuppose a desire to share money and pay taxes on excess profits received.
But according to a study conducted by one of the Swedish companies Divly, it turned out that only 0.5% of cryptocurrency traders paid taxes on their profits in 2022.
Prohibition of short positions for Muslims and other features of trading taking into account Shariah laws
Islam is one of the few world religions that still strictly respect the laws set out in the basic dogmas and decisions of the councils of spiritual governance.
Shariah laws apply to almost all areas of life of believers, including stock trading.
One of the latest innovations was the ban on opening short, uncovered positions and on the use of leverage for Muslims of the Russian Federation.
That is, now believers who profess this religion in the Russian Federation will not be able to make unsecured sales transactions or trade using borrowed funds from a broker.
What is the reason for the next drop in the price of gold?
2022 has become one of the busiest periods in the global economy and finance. Falling stock market prices, record inflation and economic recession.
All this will usually lead to investors starting to transfer their capital into the most stable assets, such as gold.
This is what happened in practice: in 2022, demand for the precious metal increased by 18% and reached its maximum over a 10-year period.
Demand is not expected to decline in 2023 either; most national banks plan to increase their gold reserves, and the population is buying gold bars by the kilogram. And all this against the backdrop of a reduction in supplies from Russia.
More than Forex! How thousands of traders earn money in NPB Invest
If Forex has not yet become a source of high income for you, or you want to earn money under new safe and comfortable conditions, then this article is for you.
Today we present a popular social trading service - NPB Invest. Why is it bigger than Forex? How do thousands of traders make money using the service?
We answer questions and tell you why we recommend NPB Invest as the best platform for investing in 2023.
NPB Invest : security and service operation
Proper familiarization with a platform or other financial product begins with its developer.
In the case of NPB Invest, the developer is a reliable and time-tested broker NPBFX , which occupies one of the leading positions in the CIS space.
Forex trading competition with big prizes
Very often you hear from novice traders that they are professionals in stock trading, and the only thing stopping them from making a lot of money is the lack of initial capital.
But you can prove your professionalism in stock trading without money by participating in various competitions on demo accounts held by brokerage companies.
Despite the fact that trading on demo accounts is carried out with virtual money, it is possible to win quite real money, which can then be used for trading or withdrawn to your bank account.
In order to win such Forex competitions, you just need to open a demo account with a broker and show the best profitability in a limited period of time.
How to receive shares of famous companies as a gift
The essence of success is that a person uses all the opportunities given to him and thanks to this achieves what he wants.
This time, people interested in stock trading have a unique opportunity to receive shares of the world's leading companies absolutely free of charge.
This became possible thanks to a series of advertising campaigns conducted by one of the leading brokers in honor of the New Year 2023.
The brokerage company ForexClub (Libertex) credits new and registered clients with securities in the amount of $200, the accrual is made in the form of a bonus.
How to get a 50% traded Welcome bonus from NPBFX?
Without hidden conditions and zeroing out drawdown, it helps you earn more and save your deposit.
This is exactly the kind of honest and profitable bonus offered by the famous broker NPBFX.
The 50% welcome is one of the best offers in the industry.
Attention! The bonus is available without any restrictions to traders from the Russian Federation, as well as other CIS countries.
What are the advantages of trading with a bonus? How to get 50% bonus funds with real money on deposit from NPBFX?