We can only note the data on the volume of production in the manufacturing industry, which will become known on Tuesday January 11 and Friday January We wrote a week ago that Japan needs a weak national currency.
Thus, the head of the Bank of Japan, Haruhiko Kuroda, has recently said that a weak yen would rather help the country's economy than harm it. According to the senior official, if the yen falls, it will support exports and corporate profits. According to ING Group experts, the growth will not stop there, and we will see the pair at a height of Morgan Stanley also prefers the dollar, expecting growth to On the contrary, Goldman Sachs believes that the pair will fall to The pair finished last week at As already mentioned, despite the slight correction, most of the indicators on D1 point north.
Support levels are The nearest resistance level is Or Temporary Freezes? And the weather on the crypto market is corresponding, below zero. Quotes are falling, and there is not even a hint of warming so far. Another cold wave arose after the news appeared on the night of January 06 that the US Federal Reserve is ready to raise the key interest rate earlier and at a faster pace than was expected. Inspired by this news, the bears went on the attack again.
Anti-government unrest in Kazakhstan added anxiety to investors. The Internet was cut off due to the unrest in Kazakhstan, which led to a significant decrease in the hash rate on the BTC network. The Bitcoin Dominance Index fell to Recall that it was Naturally, the collapsed bitcoin pulled the entire crypto market along with it. It should be noted that the attack of bears on the eve of the next meeting of the US Federal Reserve on January 26 was predictable.
It is there, near the low of last April 12, is the range of high liquidity, according to the TradingView publication. It was not withdrawn even before the last wave of the asset's rally, when the price of bitcoin hit an all-time high. Despite the fact that the crypto market is falling for the eighth week in a row, many experts and investors are hoping for the imminent arrival of the crypto spring.
For example, Block. Governments are printing excessive amounts of money, thereby fueling inflation, and this will be the main reason for BTC to take off. According to Wu's forecast, digital assets have the potential to at least double their market value in the next year. According to the head of Ava Labs, cryptocurrencies will be the only asset class that can withstand both the actions of the Fed and the record increase in inflation, which reached its maximum values in the US in almost 40 years in early December An interesting way to assess the prospects of the flagship cryptocurrency was proposed by analyst Benjamin Cowen.
The experts of Glassnode are in solidarity with Benjamin Cowen, although they use completely different methods of market analysis. According to their estimates, the BTC market indicators paint a fairly positive picture, since an increasing amount of this asset is becoming illiquid.
Glassnode examined the dynamics and the supply performance of bitcoin in its report dated January 03, Glassnode defines illiquidity as moving BTC to a wallet with no history of spending. The figures indicate that more and more bitcoin is being transferred to storage, which indicates an increase in accumulation. The reduction in highly liquid supply also hints that there is no need to expect a major sell-off or surrender to the bears in the near future.
It will not be long to wait until the Fed meeting on January We will see then whether such estimates are right. In conclusion, we just recall the words of the aforementioned Benjamin Cowen. Receive Training.
It is not yet very clear how dangerous the Omicron strain is and how it will affect the economy. Therefore, the main focus is shifting tow Forex and Cryptocurrency Forecast for November 29 - December 03, Let us remind you that the day Thursday, November 25 was a day off in the United States. And since the lion's share of capital is controlled by banks and funds located in this country, the lul Forex and Cryptocurrencies Forecast for November 22 - 26, Strong data on retail sales in the US, released on Tuesday, November 16, allowed the dollar to rally again, an Forex Forecast and Cryptocurrencies Forecast for November 15 - 19, But despite this, the American currency continues to grow.
The DXY dollar index, which measures it against a basket of six other major currencies, hit Forex and Cryptocurrencies Forecast for November 08 - 12, Traders were also certainly interested in data from the US labor market, including such an important indicator as the NFP, the number of jobs creat Forex and Cryptocurrencies Forecast for November , Starting at 1. The main Forex and Cryptocurrencies Forecast for October 25 - 29, After starting at 1.
Forex and Cryptocurrencies Forecast for October 18 - 22, Having reached a local low of 1. Since autumn started, the dollar has won back points from the euro. And is the pan-European currency going to regain losses now? Forex and Cryptocurrency Forecast for At least. Forex and Cryptocurrencies Forecast for October 04 - 08, September turned out to be the worst month for the US stock market, allowing the dollar to strengthen its p Forex and Cryptocurrency Forecast for September 27 - October 01, However, the regulator made it clear in its commentary that it was possibly ready to start a gentle tapering of the monetary stimulus QE program as early as November.
More tha Forex and Cryptocurrency Forecast for September 20 - 24, Starting on Monday September 13 at 1. The movement is certainly not very strong, only 80 points. But it must be taken into account that it was 1. Forex and Cryptocurrency Forecast for September 13 - 17, More precisely, according to Christine Laga Forex and Cryptocurrency Forecast for September 06 - 10, But they were the ones who proved right. After the release of data from the US labour market on Friday 03 September, the pair soared to a Forex and Cryptocurrency Forecast for August 30 - September 03, Forex market Fresh Forecast for today Read daily Forex forecasts by our best experts.
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The latest IMM data covers the week from 10 May to 17 May Read more FX Forecast Update - Tighter global financial conditions add support to USD. Forex Center ; GBP/USD, , ; DXY Index, , ; JPY/INR, , ; USD/CAD, , Today, our free forex signals service trade is a sell order in EUR/USD. The price will go down if the USD pauses correction and resumes upside.