By Devi Priya Crypto arbitrage trading has drawn increasing attention from entrepreneurs and investors due to its high profitability and startup appeal. This strategy capitalizes on price discrepancies for the same cryptocurrency across different exchanges. For example, buying Bitcoin at $5,000 on Exchange A and selling it at $5,100 on Exchange B yields a $100…
EUR/USD: Wall Street Triumphs Over the Dollar ● The Dollar Index (DXY) fell throughout the beginning of the week, while the EUR/USD pair rose. This was due to the after-effects of the “Grey Friday” on August 2 and the “Black Monday” on August 5, which we covered in detail in our previous review. The EUR/USD…
EUR/USD: “Black Monday” Following “Grey Friday” ● The past week did not begin on Monday as usual but rather on… Friday. More precisely, the key event that shaped the dynamics of the dollar was the release of US labour market data on Friday, 2 August, which caused turmoil in the markets. The US Bureau of…
EUR/USD: What the ECB and Fed Will Do ● There was a significant amount of news last week, so we will highlight and analyse only the most important ones. Germany set the tone for European statistics, with consumer inflation rising instead of falling. According to the initial estimate, the Consumer Price Index (CPI) increased year-on-year…
The brokerage company NordFX has released the performance results of its clients’ trading activities for July 2024. The evaluation also covered the social trading services, PAMM and CopyTrading, as well as the profits earned by the company’s IB partners. ● The highest profit in July was achieved by a trader from East Asia, account…
EUR/USD: Eurozone – Rising Inflation, Falling Economy ● As revised Eurostat data published on Monday, June 17, showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (y/y) in May, compared to 2.4% in April when it was at its lowest since November 2023. The consumer price index in the services sector increased annually…
In a recent recommendation, security firm Dilation Effect advised cryptocurrency investors to reboot their phones once a week. This simple action can potentially disrupt hackers’ activities and make their attacks more noticeable to victims. The US National Security Agency (NSA) has also issued a security alert advising users to reboot (the process of turning…
South Korea will implement its first crypto act on user protection on July 19. As a result, the South Korean financial authority has notified nearly 30 registered exchanges to review the over 600 cryptocurrencies they listed on them. Under the new law, companies that fail to comply could face severe criminal punishment. Crypto Exchanges Required…
EUR/USD: Hawkish Sentiments of the Fed ● As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% compared to the expected…
EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders…