Topic: Trade Bitcoin with FreshForex - page 10. (Read 4365 times)

EXCEEDING $50,000 ONCE MORE, WILL BITCOIN REACH THE $70,000 MARK?


Bitcoin, the world's first and most valuable cryptocurrency, continues to attract global investors and traders due to its uniqueness, growth potential, and its ability to influence other cryptocurrencies.

 

The total amount invested in bitcoins surpassed $1tn this week for the first time since November 2021, fueled by inflows into U.S. ETF funds directly trading bitcoins, which continue to support prices.

The cryptocurrency reached a record high of $69,000 in November 2021. Will it surpass this milestone in 2024?

As of February 14, 2024, the price of the leading cryptocurrency has already exceeded $52,000! Most analysts believe that the bullish trend for BTC will persist in 2024. We previously highlighted this in our news article "The Way to Unlimited Cryptocurrency Growth is Open" on January 12.
 

Many traders are wondering if they missed the opportunity to buy Bitcoin. Crypto market experts assert that Bitcoin remains a profitable purchase, predicting an upcoming remarkable bull rally.

Don't miss out on the opportunity! Trade BTCUSD and other crypto pairs 24/7. Deposit crypto now and receive a +10% bonus on your balance until February 29, 2024!

20% PROFIT IN ONE DAY ON META PLATFORMS!

Meta Platforms (formerly Facebook Inc.), a corporation that brings together globally renowned services like Facebook, Instagram, WhatsApp, and more, has made history with the largest single-day stock surge.

On Friday, the company's stocks soared by 20%, reaching a historic high of $485. This signifies an incredible increase in market value by $197 billion — the largest one-day growth in history, surpassing even giants like Apple and Amazon.

Reminder: Meta is one of the most expensive companies globally and is considered one of the "Big Five" in the US information technology sector, alongside Amazon, Alphabet (owns Google), Apple, and Microsoft.

Let's break down the key success points:

Meta's sales in the fourth quarter of 2023 grew by 25%, generating a total revenue of $40.1 billion with a net profit of $14 billion.
Meta introduced dividends for the first time, offering $0.50 per share, starting from March 26.
The corporation increased the scale of its share buyback program to $50 billion, boosting investor confidence.
Investments in artificial intelligence to enhance targeted advertising efficiency were chosen as the company's long-term strategy.
Market analysts applaud Meta, citing "growth acceleration" and "improved capital structure efficiency" as key success factors.
With the extensive base of 3.19 billion daily active users in the corporation's products remaining a reliable foundation for growing advertising revenues, FreshForex analysts believe that Meta's revenues in the current quarter will again exceed forecasts, serving as a driver for continued price growth.

The entire technology industry is confidently advancing, with Meta's competitors like Microsoft, Amazon, Apple, and Alphabet (Google) also demonstrating high financial performance. Shares of these companies and many others are available for trading in our company.

Join the world of big money and trade the best securities with a leverage of 1:20.

WILL SOLANA TOKEN BECOME THE FOURTH LARGEST BY MARKET CAPITALIZATION?


Solana is a public blockchain and a direct competitor to Ethereum. Solana stands out for its use of a unique fast blockchain synchronization algorithm called Proof of History (PoH). Due to a significant acceleration of the network, SOL's popularity has surged rapidly.


On January 26th, for the first time in a month, Solana registered over a million active users, surpassing the number of daily active users on the Bitcoin network. Furthermore, Solana continues to maintain a dominant position in intra-network transactions, with a daily volume of 26.9 million on January 26th, significantly outpacing all other networks.

 
FreshForex analysts note that the Solana token currently holds the fifth position by market capitalization, trailing only BinanceCoin (BNB), Tether (USDT), Ethereum (ETH), and Bitcoin (BTC). Riding the current hype wave, Solana (SOL) has a good chance of moving up to the fourth position. Hence, an increasing number of traders are likely to trust the coin and invest in this asset.
 
In 2023, the SOL/USD crypto pair grew by over 1000%. In January 2024, a FreshForex client closed SOLUSD trades, bringing a total profit of $38,752. You can start making a profit now by trading with a reliable broker - FreshForex!
 
SOLUSD and 70 other crypto pairs with leverage up to 1:100 are available for trading 24/7, including weekends! Deposit cryptocurrency now, and we'll add up to 10% to your balance!

Yes I also prefer bitcoin trading or cryptocurrency unique altcoin trading over forex trading. And especially I have never traded in forex trading and I am not very well experienced in forex trading. But I have traded with Cryptocurrency Trading and made good profit from it.

WHAT DRIVES PROFITS FOR FRESHFOREX CLIENTS?


Global stock markets have experienced an exceptionally strong year since 2019, thanks to a two-month rally. Investors bet on major central banks halting interest rate hikes and swiftly lowering them in the coming year, contributing to market growth.

The US S&P 500 index (#SP500) has risen by 14% since October and by 24% overall for the year, nearly reaching an all-time historical record on the last trading day of the year. The NASDAQ Technology Index (#NQ100) posted its best performance in two decades, increasing by 43% in 2023. In contrast, the London Financial Times Stock Exchange Index (#FTSE100) lagged behind US and European markets, growing by less than 4% in 2023.
 
This positive trend in the US stock market is a crucial signal for investors and the economy at large. Index growth reflects investor confidence in the prospects of the American economy, demonstrating the strength and resilience of US companies in the current market conditions.
 
Shares of a small number of major technology companies accounted for a significant portion of Wall Street's profits this year. The rally was mainly driven by the success of the so-called "the Magnificent Seven" - Apple, Microsoft, Alphabet, Amazon, Tesla, Meta (formerly Facebook), and Nvidia. All of them are available in our trading terminal!
 
Positive data on stocks and indices set a positive trend for FreshForex clients' profits in 2024, as evidenced by the successful start of many of our traders in January
And you can start earning right now! Trade the most popular stocks and indices with us, with leverage up to 1:1000!

THE WAY TO UNLIMITED CRYPTOCURRENCY GROWTH IS OPEN!

SEC Chairman Gary Gensler, in a personal announcement on the Commission's website, revealed the approval of 11 applications for the creation of exchange-traded funds (ETFs) based on Bitcoin. Trading of these new investment products is now permitted on major stock exchanges such as the New York Stock Exchange (NYSE), NASDAQ, and the Chicago Board Options Exchange (CBOE).
 
At the opening of the American trading session, the aggregate trading volume of shares from the 11 spot ETFs exceeded $1 billion within the first 30 minutes, as reported by ETF market analyst James Seifert at Bloomberg. Simultaneously, the price of Bitcoin reached $49,000 for the first time since 2022.

The SEC's decision sparked excitement in the crypto industry, with numerous expert forecasts about Bitcoin's future. Many analysts, including Standard Chartered (LON:STAN), expressed optimistic predictions that the BTCUSD price will reach $200,000. Former BitMEX CEO Arthur Hayes stated that by 2026, the price of Bitcoin could range from $750,000 to $1 million.

Undoubtedly, the price of the leading cryptocurrency, Bitcoin, will have an impact on the entire crypto market. Therefore, now is the best time to invest in digital assets.

Exclusive offer: Only with us, trading accounts in 7 cryptocurrencies and over 70 crypto pairs with a leverage of 1:100 for 24/7 trading. Deposit in crypto now and receive an additional +10% on your balance! https://freshforex.com/traders/promotion/deposit-crypto/

BUY ON RUMOURS: BITCOIN'S NEW SURGE
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Dear clients,

Cryptocurrencies continued to rise in Asian trading on Tuesday, with bitcoin rising to nearly an 18-month high amid speculation about the imminent creation of an exchange-traded bitcoin fund.

The bitcoin exchange rate rose more than 6% to $35,198, its highest since May 2022. It rose 10% on Monday, its best performance in almost a year, and doubled its price in 2023.

Cryptocurrency-related stocks such as Coinbase Global (COIN.O) rose in over-the-counter trading.

An exchange-traded fund (ETF) that holds bitcoin on behalf of fund investors is seen as a demand driver, as it will allow those who don't want to trade in cryptocurrency markets to purchase bitcoin through the stock market.

Investment giant BlackRock is among several companies that have applied to set up bitcoin funds in the US, and speculation over their possible approval has been fuelled by the listing of BlackRock's iShares ETF on the DTCC clearing house website.

Expectations also rose after it was revealed this month that the U.S. Securities and Exchange Commission will not appeal a court ruling that improperly rejected an ETF application from Grayscale Investments.

When and why the iShares ETF was added to the DTCC list was not specified. Last week, BlackRock denied an erroneous report that its ETF had been approved, and sources close to the SEC confirmed that the application was still under review.

THE SOUND OF SILENCE
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Dear clients,

Poor lending data and weak purchasing managers' surveys confirmed what traders had already guessed: The rate hike cycle in Europe is over.

Markets believe there is little chance of a rate hike and see a recession on the horizon.

Absent surprises, trading is likely to hinge on earnings - Unilever (ULVR.L), Mercedes (MBGn.DE) and Amazon (AMZN.O) report on Thursday - and the behaviour of yields and the yen.

Google's disappointing results for its cloud division led to the sharpest drop in Alphabet shares since March 2020 on Wednesday, and they fell further in after-market trading in Asian hours.

The yen has surpassed the 150 per dollar mark and is now trading at its lowest level since Japanese authorities intervened last October to push the market higher.

On Wednesday, 10-year Treasury bond yields rallied towards 5% after a rise in US home sales gave further cause for concern about continued high interest rates. Nasdaq futures fell 1%.

"INACTION IS ACTION"
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Interest rate brakes are fuelling optimism in markets.A sharp pullback in long-term US Treasury rates gave investors in the Asia-Pacific region a chance to exhale, with bond yields falling from decade highs in Tokyo and Sydney.

Stocks rebounded despite another sharp fall in Wall Street overnight, giving European investors cause for optimism. Japan's Nikkei index jumped 1.5% and Hong Kong's Hang Seng was not far behind.

Undoubtedly, the US dollar is still in the lead, but the yen at least retreated from a one-year low and the euro recovered after European Central Bank President Christine Lagarde announced a pause in the rate hike cycle, saying that "inaction is also action".

Some market recovery on Friday would be a good respite before a possible volatile marathon next week, when the Bank of Japan, the US Federal Reserve and the Bank of England will make policy decisions on consecutive days.

The ECB has raised expectations that policy tightening in the US and UK has come to an end, making the Japan meeting potentially the most interesting. Perhaps for a central bank prone to surprises, the BOJ announcement will come on Halloween, with a weakening yen and rising yields fuelling speculation of another hawkish policy shift.

BREAKING NEWS FOR SOUTH AFRICA — DEPOSIT WITH KUCHINGA VOUCHER, OZOW, AND SNAPSCAN!
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Dear clients,

We're thrilled to announce a super convenient way to make deposits in South Africa.

Find a new deposit methods in your Personal Area, namely Kuchinga Voucher, Ozow and Snapscan.

Here's the rundown:

No deposit fees
Currency: ZAR (South African Rand)
Minimum deposit amount: 200 ZAR
Maximum deposit amount: 37,900 ZAR
Choose from three options: Kuchinga Voucher, Ozow, Snapscan
Don't miss out on this stress-free way to top up your account in South Africa.

Thanks for making us your go-to for all things trading!

SHIFTING INTERESTS: HOW CHANGING RATES AFFECT THE CURRENCY MARKET
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Dear clients,

Interest rates are one of the biggest driver of price across the markets, with currency being no exception. This time, we'll continue the talk on fluctuations in interest rates.

Join us on October 11 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

BUSINESS AS USUAL
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Dear clients,

While markets have largely regained their composure following events in the Middle East, some dovish remarks from US Federal Reserve officials helped calm investors' nerves ahead of Tuesday's trading session.

On Monday, senior Fed officials suggested that rising yields on long-term U.S. Treasury bonds could replace official monetary policy moves in terms of market impact, reinforcing expectations that the U.S. central bank may not need to raise rates further.

European stocks came under pressure on Monday amid news of conflict in the Middle East, but eurozone blue-chip futures STOXX 50 were back on the upside in Asia in the morning.

At the same time, 10-year US Treasuries posted their sharpest rise in more than a month at the opening of trading in Tokyo on Tuesday, fuelled by the Fed's "soft" remarks and demand for safe-haven assets.

The market will have more than enough to hear the views of Fed officials, who will take part in various events on Tuesday, and on Wednesday the minutes of the September monetary policy meeting will be released. All attention will then turn to Thursday's US consumer price index data.

At the same time, the annual meetings of the IMF and World Bank will start in Morocco, where the world's leading politicians will speak.

European Central Bank President Christine Lagarde will speak at Tuesday's meeting after economic data the previous day heightened fears of a possible recession in Germany, the eurozone's largest economy.

In Asia, more bad news came from China, with Country Garden, the largest private property developer, saying it will not be able to meet all of its offshore payment obligations on time or within the relevant grace periods.

AN ALL-FOR-ONE. OPEC+ REPRESENANTIVES' MEETING
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Dear clients,

Bahrain, Iraq, Kuwait, Oman, Saudi Arabia, Kuwait, Oman and the United Arab Emirates have reaffirmed their commitment to "collective and individual voluntary adjustments" to oil production, Saudi Arabia's state news agency reported on Sunday.

The six countries' oil ministers met in Riyadh on Sunday on the sidelines of the UN's MENA climate week.

"In addition, the ministers reaffirmed the willingness of the countries participating in the Declaration of Co-operation to take additional measures at any time as part of their ongoing efforts to support market stability, building on the strong cohesion of OPEC+," Saudi state news agency SPA said in a report.

OPEC+ agreed in June to extend voluntary oil production cuts, first introduced in April, until the end of 2024. Additional voluntary cuts by Saudi Arabia and Russia have been extended until the end of 2023 and are subject to monthly reviews.

Organisation of the Petroleum Exporting Countries ministers on Wednesday made no changes to the group's oil production policy after Saudi Arabia and Russia confirmed they would maintain voluntary supply cuts to support the market.

TRADE OIL WITH IMPROVED SWAPS AND GET YOUR 100 BARRELS!
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Dear clients,

FreshForex is constantly working to make your trading as comfortable and efficient as possible. Thus, starting October 9, swaps on Brent and WTI oil contracts are dropped by 70%, the costs are reduced to 110 USD per lot.

For example, for transferring an open position to the next day the sale of 1 lot on the #Brent contract — swap will be 40 USD against 150 USD before the changes.

But that's not all, among all of our oil-trading clients, a raffle with a prize of 100 barrels* of Brent oil will be held!

More deals — more chances to win!

Promotion terms and conditions:

1. The campaign period is from October 9 to October 31;

2. All Clients who open a new transaction on a real account for #BRENT and (or) #WTI instruments during the period of the raffle will become participants of the raffle. The more trades, the more chances to win;

3. The prize fund - 100 barrels of Brent oil will be distributed among 5 randomly selected winners, each of whom will receive 20 barrels in dollar equivalent (at the Bid quote of the #BRENT instrument at the close of October 31);

4. The results of the draw will be published on November 1 in the company news;

5. The prizes will be credited within 5 working days after the results are announced in the "Balance" column, respectively fully available for trading and withdrawal.

TRADING SIGNALS: NFP FOR SEPTEMBER
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Dear clients,

On October 6, we are expecting the publication of data on Nonfarm Payroll, a measure of U.S. manufacturing employment. The report significantly affects the movement of the US dollar and related instruments.

What indicators are expected this time, let's find out from our expert:

ISM's leading employment indicators point to the release of positive Non-Farm Employment data, which is favourable for the US dollar growth, as in this case the US Federal Reserve may raise interest rates at its November 1 meeting. On Friday consider selling GBPUSD, AUDUSD, XAUUSD, #NQ100.

Support your account and double your funds with 101% bonus

THE INTERLUDE
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Dear clients,

The lull in bond sales lasted until Friday, but is unlikely to persist until the end of the day as investors await US employment data, which could bolster the case for keeping interest rates high for some time.

Oil's transition from a sharp rise to a fall also provided a respite, with Brent crude futures at $84.50 a barrel, about $13, or 13.5%, cheaper than last week's 11-month high.

MSCI's index of Asia-Pacific shares rose 0.9%. Tokyo's Nikkei (.N225) index was unchanged and currency markets were flat, although the dollar began a record 12th week of gains due to the bond slump.

The ten-year US Treasury yield held mercifully at 4.72% during the Asian session, but it climbed 55 basis points in the course of the five-week sell-off, weighing on bond markets and risk appetite globally.

However, no one was betting big until the release of US non-farm payrolls data at 12:30 GMT.

Another batch of bond sell-offs is likely to see the dollar continue its week-long winning streak, which is already the longest in history against the euro. The dollar index has risen for 12 consecutive weeks, repeating a streak that lasted from July to October 2014.

The rise has taken the euro at $1.0542 near an 11-month low and sterling near a seven-month trough. The dollar index was unchanged at 106.4 on Friday.

Surprisingly, only the beleaguered yen showed significant struggle as a sudden surge in the Japanese currency in London on Tuesday afternoon sparked speculation of government intervention.

Japanese money market data did not reveal any anomalies that could accompany intervention. However, the movement was notable enough to make traders wary.

The yen exchange rate was last seen remaining stable at 148.5 per dollar. Gold also remained steady at $1,822 an ounce after nine days of losses caused by rising global bond yields.

THE OTHER TIP OF THE SCALES. GOLDMAN SACHS ON TECH STOCKS
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Dear clients,

According to Goldman Sachs strategists, strong earnings results to be released soon could reverse the decline in technology and growth stocks, which have been hurt by rising Treasury yields and, according to one report, are trading at their lowest levels in six years.

The so-called "Magnificent Seven" — Apple, Microsoft, Amazon.com, Alphabet, Nvidia, Tesla and Meta Platforms — have fallen 7% over the past couple of months, compared with a 3% decline for the S&P 500 index as a whole, as Treasury yields jumped more than 60 basis points to 16-year highs.

Those declines have caused forward price-to-earnings ratios for companies to fall 20% over the past two months, leaving them trading at the largest discount to the market based on long-term growth since January 2017, Goldman Sachs said in a note on 1 October. At the same time, group sales growth is expected to be 11% in the third quarter, compared with 1% for the S&P 500 index, the company said.

Goldman strategists said the "megacaps" have collectively beaten consensus forecasts for sales growth 81% of the time and exceeded earnings expectations in two-thirds of the seasons since the fourth quarter of 2016.

"The divergence between lowering estimates and improving fundamentals presents new opportunities for investors," they wrote.

The S&P 500 index has fallen nearly 5% over the past 10 trading days, but is up just over 11% since the start of the year.

MARKET JUSTICE
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Dear clients,

Growing fears among bond investors about US government spending and the ballooning budget deficit are fuelling a sharp sell-off that has seen Treasury bond prices fall to 17-year lows.

So-called "bond vigilantes" — investors who punish profligate governments by selling their bonds and driving up yields — were a feature of markets in the 1990s, when concerns about US federal spending drove Treasury bond yields as high as 8%.

The expectation of a sharp increase in the US government budget deficit and the issuance of debt to cover those costs alarmed investors and brought the term back into Wall Street's everyday lexicon.

Fitch Ratings recently downgraded the country's credit rating, predicting that the US budget deficit will rise to 6.3% of gross domestic product this year from 3.7% in 2022 due to higher debt service costs, new spending initiatives and lower federal revenues.

While the Fed's hawkish interest rate outlook has been a major catalyst for yields and price impact, market participants attribute part of the decline in longer maturity bond yields to investor concerns about rising costs.

Yields on 30-year US Treasuries, which change inversely with prices, jumped to 5% on Wednesday for the first time since 2007 in a broad global bond sell-off before stabilising. Budget concerns have been mounting since the summer, when the Treasury announced plans to increase debt issuance.

Strategist Ed Yardeni, who introduced bond vigilantes in the early 1980s, has commented:

"Bond vigilantes are defying (Treasury Secretary Janet) Yellen's policy by raising bond yields to levels that threaten to trigger a debt crisis," he wrote in a Financial Times article Wednesday. "In this scenario, rising yields crowd out the private sector and trigger a credit crunch and recession."

Determined investors in the UK bonds last year helped bring about a policy reversal after a tax cut plan caused borrowing costs to soar, showing that bond vigilantes are still a force to be reckoned with.

However, not all investors believe that the "vigilantes" will be able to influence the $25 trillion Treasury market.

Experts believe the key driver of the sell-off is rate fears, not the supply of Treasuries. They believe some fund managers are waiting for yields to peak before acting. The recent sell-off has brought yields back to pre-financial crisis norms, which has increased the attractiveness of bonds in general and boosted investor returns.

FRESHFOREX BIRTHDAY CHALLENGE — SWEET 19!
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Dear clients,

FreshForex is celebrating its 19th birthday!

So we're having a challenge with 119 prizes totaling $119,000. The grand prize is $30,000!

guaranteed bonus for completing 30 tasks.
Earn points, and win prizes!

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1. Register.
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3. Become the best!
 
19 prizes await everyone who earns 19 points!

Details at FB, IG and TG-channel.

Win your prize!

"THE END OF AN ERA."
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Dear clients,

The US bond market is marking the occasion: the era of low interest rates and inflation that began with the 2008 financial crisis is over. What will follow is still unclear.

That market view has become clearer in recent days amid a surge in 10-year Treasury yields to a 16-year high.

According to investors and the New York Fed's regularly updated yield-based model, the betting behind the move is that the disinflationary processes that the Federal Reserve has fought with easy-money policies since the financial crisis have tapered off.

Instead, investors believe investors have concluded that the U.S. economy is probably now in what one regional Fed chairman described as a "high-pressure equilibrium" characterised by inflation above the Fed's 2% target, low unemployment and positive growth.

This important shift in the outlook for rates has profound implications for policymakers, businesses, and the public. The shift to higher and more protracted rates could be painful and manifest itself in failed business models, unaffordable homes and cars. It could also force the Fed to keep raising rates until another failure occurs, as the three regional US banks did in March.

The Fed's market model for decomposing the 10-year Treasury yield into its components provides additional insight into investors' thinking.

In recent days, one component of yields — a measure of the reward investors demand for lending money for the long term — turned positive for the first time since June 2021, according to the ACM model.

The rise in the short-term rate also reflects confidence that structural shifts - from de-globalisation to declining productivity and an aging population - have raised the elusive theoretical interest rate at which growth neither accelerates nor slows and full employment exists at stable prices. It is called the neutral rate, or r-star.

While the market seems confident that the era of zero interest rates is over, it is much less confident about the real prospects for the economy.

The neutral rate, for example, determines whether the Fed Funds rate will slow or stimulate the economy, but no one really knows what the rate is really like until something breaks. Estimates vary widely.

The era of uncertainty has also arrived among monetary policymakers. A San Francisco Fed survey in August, which developed an index to gauge the level of disagreement among policymakers about their economic forecasts, showed that by June it had risen to a level higher than the pre-pandemic average.

SEPTEMBER HARVEST
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Dear clients,

September has come to an end, so it's time to share the results and recall the results of the first weeks of autumn.

So, here is what this month has brought to our traders:

GBPCAD, GBPNZD (Sell) and WTI, NZDCHF, CADCHF (Buy) ended up as the most profitable instruments.

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The Heatmap will tell you more about these and other instruments.

September, though traditionally quiet, was not without events:

Autumn was greeted with summer mood and double profit with Cashback+101% promotion.
Double minus yield a plus for clients who traded bitcoin with a 50% discount on spread and swap.
Metatrader 5 terminal has got an update, now with more efficient and visual statistics.
 

And of course, our regular promotions — +10% for cryptocurrency deposit and 101% bonus.

October is a special month for us, so stay tuned: the company's birthday is just around the corner.

QUARTERLY RETORT
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Dear clients,

Budgetary concerns and fears of a prolonged period of higher interest rates caused government bonds to fall in the third quarter, and some investors believe more weakness lies ahead.

US and German government bond yields were set to end September with their biggest quarterly gains in a year. Fund managers had already hoped for relief after the historic losses suffered by bonds in 2022, when the US Federal Reserve and other central banks raised interest rates to curb soaring inflation.

While bond yields, which move inversely to prices, seemed to have peaked earlier this year, renewed hawkish sentiment from central banks has led to a fresh rise in recent weeks.

In the US, for example, the benchmark yield on 10-year Treasuries is currently at a 16-year high of 4.55% and some investors believe it could rise to 5%, a level not seen since 2007. According to Bank of America Global Research, Treasuries have posted their third consecutive year of losses, an event without precedent in U.S. history.

The jump in yields is having a negative impact on equities, which in the U.S. and Europe are poised for their first quarterly decline of the year. Monetary policy expectations have been a key factor: last week, the Fed surprised investors with its hawkish rate forecasts, according to which borrowing costs will remain at current levels for most of 2024.

Investors had to quickly readjust: traders are now betting that the Fed Funds rate, currently at 5.25%-5.50%, will fall to 4.8% by the end of 2024, well above the 4.3% they forecast in late August.

Similarly, investors have pushed back expectations of a rate cut by the European Central Bank as policymakers stick to their course of keeping rates high for a long time. Prices in currency markets indicate that traders see the ECB deposit rate at around 3.5% by the end of 2024, up from 3.25% at the end of August.

Rising yields have not only hit bond investors, but also hurt equities, creating investment competition while raising the cost of borrowing for corporations and households.

The S&P 500 index (.SPX) fell 3.4% in the current quarter, its worst drop in a year, though it is up 11.3% since the beginning of the year. Europe's Stoxx 600 index (.STOXX), meanwhile, is up 5.6% this year but has lost 2.9% over the past three months.

OIL BOIL: A POWERFUL SURGE IN FUEL PRICES
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Dear clients,

Oil prices hit one-year highs on Thursday, while global equities faced their longest losing streak in two years as fears of continued high interest rates intensified. This is causing investors to seek shelter under the influence of a rising US dollar.

Currency markets saw a brief respite from the dollar's strength, but it was a significant drop in US crude oil inventories on Wednesday that shook nerves over fears of another supply shock just when the global economy needs it least.

The price of U.S. crude hit $95 a barrel for the first time since August 2022, while Brent crude prices rallied again in early trading in London after hitting a one-year high of $97.69.

The yield on ten-year US Treasuries, the benchmark for global borrowing costs, topped 4.6% for the first time since 2007, having started September at 4%.

Germany's AAA bond yields went up again, while Italy's announcement on Wednesday that its budget deficit was widening again drove its short-term two-year bond yield to a new 11-year high. Traders were also watching U.S. lawmakers try to avoid another government shutdown in Washington.

With European stocks down 0.4% (.STOXX) and U.S. futures on the S&P 500 index, MSCI's main global index tracking 45 countries was on track for a 10th straight day of declines not seen since 2021.

MSCI's index for Asia-Pacific shares hit a 10-month low and Japan's Nikkei index fell 1.5% as investors preparing for the end of Q3 got rid of stocks that have run out of dividends.

HEATING FUEL PRICES
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Dear clients,

Oil prices rose on Monday as investors focused on the prospects of tightening supply after Moscow imposed a temporary ban on fuel exports, but at the same time are wary of further rate hikes that could dampen demand.

Brent crude futures rose 69 cents, or 0.7%, to $93.96 a barrel by 06:46 GMT after falling 3 cents on Friday. West Texas Intermediate continued to rise for a second session and traded at $90.57 a barrel, up 54 cents, or 0.6%.

Both contracts went on a tear last week, breaking a three-week winning streak, after the Federal Reserve's hawkish stance caused concern in the global financial sector and boosted demand for oil.

Prices had risen more than 10% in the previous three weeks amid forecasts of a large oil supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts until the end of the year.

Moscow last week temporarily banned petrol and diesel exports to most countries to stabilise the domestic market, adding to fears of low supply of the commodity, especially heating oil, as the Northern Hemisphere enters winter.

In the US, despite higher prices, the number of active oil rigs fell by eight last week to 507, the lowest since February 2022, Baker Hughes showed in its weekly report on Friday.

Expectations of better economic data this week from China, the world's biggest oil importer, also helped boost sentiment. However, analysts said oil prices face technical resistance at the November 2022 highs reached last week.

According to analysts at Goldman Sachs, China's manufacturing sector is expected to return to growth in September, with the manufacturing business activity index expected to exceed the 50 mark for the first time since March.

On the positive side, Chinese oil demand rose 0.3 million bpd to 16.3 million last week, partly due to a gradual recovery in demand for jet fuel for international flights, they added.

"THERE'S NO HURRY": INDEX GAINS AMID MARKET SLOWDOWN
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Dear clients,

Wall Street's major indices rose on Monday, including Amazon.com and energy stocks, as Treasury yields continued to rise and investors awaited economic data and speeches from Fed policymakers later in the week to get clarity on the future path of interest rates.

Investors are struggling with benchmark Treasury yields rising to 16-year highs after the Fed gave a hawkish outlook for long-term rates. The S&P 500 index rebounded Monday after last week's weekly decline was its biggest since March.

The Dow Jones Industrial Average (.DJI) index rose 43.04 points, or 0.13%, to 34,006.88; the S&P 500 index (.SPX) added 17.38 points, or 0.40%, to 4,337.44; and the Nasdaq Composite index (.IXIC) added 59.51 points, or 0.45%, to 13,271.32.

With the end of the third quarter approaching, investors have noted that until companies report quarterly results in the coming weeks, market movement may be relatively muted.

The S&P 500 index is down about 5.5% since the end of July, but is up about 13% for 2023.

According to analysts, there is no need to actively buy pullbacks during a period when rates remain higher-for-longer, and that is what the market will have to deal with in the coming months.

Investors will be watching data throughout the week, including durable goods and personal consumption expenditure price index for August, gross domestic product for the second quarter, and speeches from Fed policymakers, including Chairman Jerome Powell.

Chicago Fed Chairman Austan Goolsbee told CNBC on Monday that keeping inflation above the Fed's 2% target remains a greater risk than the central bank's tight policy slowing the economy more than necessary.

CHIP AND FAIL. A TROUBLED MONTH FOR THE SEMICONDUCTOR INDUSTRY
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Dear clients,

Shares of Nvidia and other U.S. semiconductor companies are starting to slowly lose lustre after a stunning rally into 2023 as investors weigh high valuations, rising Treasury yields and signs of industry worries.

At the start of the year, shares of chip companies soared, with the Philadelphia SE Semiconductor (.SOX) index surging more than 50% through July. No stock has embodied the chip industry's success more than Nvidia, whose shares tripled in 2023, when the company's market value topped $1 trillion, driven by excitement around the central role of the company's products in artificial intelligence applications.

However, the group's performance has stalled. SOX is down more than 7% this month, compared with a 2.3% fall in the broad S&P 500 index, while Nvidia shares — the driver of this year's broad market rally — are down more than 14% in September.

Investors said the group is also being impacted by industry concerns, including ongoing tensions between the U.S. and China over semiconductors. Washington is considering imposing restrictions on the sale of artificial intelligence chips, after export controls last year cut China off from some semiconductor chips made anywhere in the world on US equipment.

Another blow came from Taiwan's TSMC, which asked its major suppliers to delay shipments of high-tech chip-making equipment as the world's top contract chipmaker grows increasingly nervous about customer demand. Shares of several TSMC suppliers fell after the announcement.

Meanwhile, the excitement following last week's initial public offering of Arm Holdings has died down, and shares of the chip developer have fallen for the fifth consecutive day.

Still, the sentiment among investors is still quite positive. Many chip stocks have risen significantly over the year, and this month may prove to be only a temporary setback.

FREE POWERFUL TRADING ANALYTICS IN METATRADER 5
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Dear clients,

Last week the MetaTrader 5 platform was updated to the Build 3950 version.

Let's get straight to the main thing. The trading history report has been redesigned and completely updated - now it is more clear. The developers have revised the approach to information presentation and converted dry statistical reports into interactive charts and diagrams. The work is still in progress, but you can already evaluate the changes. To view trade statistics, click "Reports" in the "View" menu.

Available reports:

Summary - summary information about your activity over time: account details, profit and loss totals, deposit and withdrawal amounts, balance, growth and dividend graphs, and other data.
Profit/Lost - historical information about profitable and losing trades. It is divided by type of trading (manual, copy-trading and algo-trading), can be analysed in terms of trades, percentages or money by days, months and years.
Long/Short - report on Buy- and Sell-orders in specified time intervals.
Symbols - detailed analysis of deals by financial instruments. Ratio of the number of deals, comparison of different types of trading and historical data for individual symbols or whole groups.
 

This innovation will help traders of any level to trade more efficiently — the statistics section has been redesigned, now it is a serious tool for analysing your own trading history. Beginners and professionals will find in the updated section everything they need to optimise their portfolio. You will no longer need third-party services to monitor trading results: the necessary information is built into the platform and is available at a single click.

Right now the update is available only for the desktop version of the platform with an operating system not lower than Windows 10. In the nearest updates this feature will be added to the web and mobile versions of MetaTrader 5.

No extra effort or cost — the solution is built into the trading platform and comes free of charge!

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TRADING SIGNALS: US FED MEETING
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Dear clients,

On September 20, the US Federal Reserve System, the body that performs the functions of the Central Bank of America, will hold a meeting. The decision on the interest rate will determine further market movement, which is what makes traders involved.

Our expert tells us how the situation with the rates will develop now:

The US Fed may keep the rate at the previous level of 5.5% today, but will signal to traders about the possibility of raising rates at the next meeting on November 1, as fuel prices have risen strongly in the United States, which is fraught with rising inflation. The future rate hike is positive for the dollar, thus consider buying USDCAD, USDZAR and selling AUDUSD, XAGUSD on Wednesday.

Make your arrangements and get up to 10% bonus on your account for each deposit with cryptocurrency!

'WHAT A TWIST' FOR BANK OF ENGLAND
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Dear clients,

The Bank of England will announce on Thursday whether it is halting its series of interest rate hikes, a day after signs that a turnaround is in sight in the UK's handling of high inflation.

As soon as official data showed an unexpected drop in the rate of price growth, investors began betting on Wednesday that the Bank of England would keep the Bank Rate at 5.25%. By Thursday, the figure had already reached 5.5%

Goldman Sachs and other banks abandoned their earlier expectations of another rate hike, and investors put the Bank of England's pause at around 50%, up from 20% on Tuesday.

Other analysts said they still see a final Bank of England rate hike as the most likely outcome following the recent surge in global oil prices, but emphasised that it could go either way.

Bank of England Governor Andrew Bailey and his colleagues on the Monetary Policy Committee have been heavily criticised after consumer price inflation topped 11% last October.

In recent weeks, Bailey and other officials have emphasised that while they may be close to reaching the peak of their series of rate rises, they may have to keep borrowing costs high for some time, dashing hopes of a rapid rate cut.

Whether or not the Bank of England raises rates again, it is likely to face the challenge of convincing investors that it will stand by its judgement and not rush to cut rates even as the already fragile UK economy shows signs of weakening.

The Bank of England is concerned that wages are still defying a slowdown in the wider economy and are rising at a record pace, threatening to derail its attempts to bring inflation down.

As well as the rate decision, the central bank is expected to unveil details of the next phase of a programme to reduce the stockpile of government bonds it has built up over a decade and a half to help the economy during the global financial crisis and the COVID-19 pandemic.

NEXT TO THE STAGE. BANK OF JAPAN MEETING
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Dear clients,

In Asian trading on Monday, the US dollar barely moved, even sterling rose, but the yen fell as a Japanese holiday and a slew of upcoming central bank meetings sucked the air out of the markets.

The Bank of Japan meeting on Friday will be the highlight of the week in Asia, after Bank Governor Kazuo Ueda sparked speculation of an imminent departure from ultra-soft policy.

This has highlighted the Japanese central bank in a week packed with central bank meetings, with a hawkish pause expected from the US Federal Reserve on Wednesday and the Bank of England possibly raising rates for the last time on Thursday.

The yen was unchanged against the US dollar at between 147.63 and 147.88 per dollar, while markets in Japan were closed due to a public holiday. The yen fell 1.3% in the days following Ueda's announcement that he would soon move away from negative rates, with losses for 2023 exceeding 11%.

Economists at Commonwealth Bank of Australia expect yen exchange rate volatility ahead of the policy meeting and believe investors may have misinterpreted Ueda's comments. Recent weakness in Japanese wages and possible prices could also soften and push the BoJ away from its inflation target, so the case for the BoJ to tighten policy is not yet strong.

CRYPTO BLUES: STABLECOIN'S HEAVY SHARE OF LOSSES
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Dear clients,

Bitcoin is not the only asset experiencing a late summer downturn.

Stablecoins, cryptocurrencies typically pegged to real assets such as the US dollar, have fallen to their lowest market capitalisation in two years as low trading volumes and a buzzing dollar put pressure on the market for these tokens.

In fact, they are suffering the most.

While the entire cryptocurrency ecosystem has bounced back from 2022 lows, the market capitalisation of the stablecoin sector is set to decline for the 18th consecutive month, according to research firm CCData. It's down by almost a tenth this year and stood at $124.4bn as of 14 September.

Not everyone is keeping pace, though: The largest dollar-stablecoin, Tether, is bucking the downward trend. It hit a record high of $83.8bn in July, according to CoinGecko, after being worth less than $80bn in the first three months of this year, its volume has since fallen to around $82.9bn.

While stablecoins make up only a modest portion of the cryptocurrency market, they play a key role for traders, allowing them to hedge against price spikes in other tokens, such as bitcoin, or to store idle cash without having to transfer it back into fiat currency. Some enthusiasts also envisage using stablecoins as a means of payment.

However, the market for these tokens has been in the doldrums since last year's collapse of the algorithmic token TerraUSD, which was once the fourth-largest stablecoin token and was the first domino in a series of dramatic industry failures.

The market has also suffered losses for Binance's dollar-linked token BUSD, which is down about 89% from its all-time high reached in November. In February, the New York Department of Financial Services ordered issuer Paxos to cease issuing the token, which was once the third-largest stablecoin.

The market value of USD Coin (USDC), the second-largest stablecoin, has fallen more than 53% from its record high reached last June and now stands at more than $26bn.

ECB MEETING: WHAT WILL HAPPEN TO THE RATE?
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Dear clients,

The next big event today is the ECB meeting. The European Central Bank is a global financial institution that regulates the entire Eurozone credit and financial policy. For this reason, the ECB Interest Rate Decision causes high volatility in the financial markets.

What will be the decision this time, and what instruments can be chosen? Our lead analyst says:

The ECB may keep the interest rate at 4.25% today and will signal to traders that it is ready to raise rates at the next meetings if necessary. Keeping rates at the same level is negative for the single European currency. Today, consider selling EURUSD, EURCAD, EURHKD.

It's a good time to top up with the 101% promotion: that way you'll have more funds to trade with.

DOUBLE BENEFIT WHEN TRADING BITCOIN!
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Dear clients,

For two weeks, commission costs will be half off when opening Bitcoin trades (BTCUSD).

Until September 28, there is a 50% discount on spread and swap when depositing from $399. This is a great opportunity to earn more! Open trades intraday or for a longer term, you will save significantly either way.

In addition, you can save even more if you fund your account with cryptocurrency! We will credit 10% of the deposit amount without limit.

GOOD NEWS, BAD NEWS. THE POWER MOVE OF DOLLAR
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Dear clients,

Global stock indices were mostly down on Thursday, with the S&P 500 and Nasdaq falling along with Apple shares, while the US dollar rose after weaker-than-expected US jobless claims data.

Initial jobless claims in the states for the week ended September 2 unexpectedly fell to 216,000 from a revised 229,000 the week before. The latest week's reading was the lowest since February.

A separate report showed that US labour productivity in the second quarter was not as strong as previously announced.

The latest data confirmed the view that the US economy remains resilient and that US interest rates may have to be raised for a long time to come.

China's yuan fell to a 16-year low against the dollar amid falling property prices, weak consumer spending and reduced credit growth in the world's second-largest economy.

China's trade data released on Thursday, while not as dire as economists had forecast, still showed a nearly 9% drop in exports and a more than 7% drop in imports.

In Japan, traders continued to watch for intervention as the Japanese yen struggled to make a sustained breakout against the steady dollar.

The dollar had earlier hit its highest since November at 147.875 yen and was last down 0.4% to 147.20.

The dollar declined on Friday but still remains on track for its longest weekly winning streak in nine years, helped by a steady run of U.S. economic data that also called into question the end of the Federal Reserve's aggressive rate hike cycle.

The U.S. Dollar Index, which measures the dollar against major currencies, was last down 0.1% at 104.93, but remained not far from the previous session's six-month high of 105.15. The index was on track to continue rising for the eighth consecutive week and is currently up 0.6%.

INVIGORATE YOUR TRADING WITH A POWERFUL DUAL OFFER
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Dear clients,

We extend the summer and offer the hot promotion! Unprecedented benefit for new clients — activate Cashback and get 101% of the amount on your first deposit.

More funds — more trading volume and a higher chance of a big profit! And every week, the funds from trades will be returned to your balance within Cashback promotion.

How to use the offer:

1. Register on the company's website.

2. Write to the online support with the promo code HOT.

3. Choose any convenient cashback plan and get a powerful deposit bonus.

Done! You can trade in full force, open your best trades and get profit.

Terms of promotion:

1. Within the promotion, new clients of the company can be eligible for a 101% bonus on the first deposit to the trading account with the Cashback promotion enabled.

2. You can take advantage of the offer within 7 days after registration with the company.

3. To participate in the promotion, you have to:

3.1. Register and open a trading account;

3.2. Enable the Cashback promotion on your trading account in the Client Area;

3.3. Make a deposit from 101 USD;

3.4. Contact the personal manager with the code word HOT to credit the deposit bonus in the amount of 101%;

4. Bonus funds are used in accordance with the terms of the promotion Drawdown bonus 101%; crediting of spread refund in accordance with Cashback promotion terms.

5. In order to prevent abuse of the promotion terms and conditions, the Company reserves the right to refuse the client this offer without warning at any time at its discretion.

LET'S TALK ABOUT ECB MEETING
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Dear clients,

On September 14, the European Central Bank will hold meeting, it will provoke strong fluctuations on the financial markets.

We will tell you how to earn with this event and which instruments can bring the most profit, as well as how the meeting will affect the euro and European indices.

Join us on September 13 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

RATIO'D. UPDATED FORECASTS FROM MOODY'S
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Dear clients,

Ratings agency Moody's on Friday raised its forecast for U.S. economic growth in 2023 but lowered its outlook for China next year, noting that while the risk of a U.S. recession has declined, China's problems are mounting.

"We have raised our forecast for U.S. economic growth to 1.9% in 2023 from 1.1% in our May forecast, recognising the strong underlying economic momentum," Moody's said in a report.

The agency, which is currently the only Big Three agency still holding a "AAA" rating for the U.S. after a downgrade by Fitch last month, maintained its 2024 economic growth forecast at 1%, saying high interest rates will drag on the economy.

"We believe it will be difficult for the Fed to achieve a sustained decline in inflation to the 2.0% target while current economic conditions persist," Moody's said in a statement. "In our view, several quarters of below-trend growth are needed to prevent overheating."

On the other hand, the agency said China faces "significant growth challenges" stemming from weak business and consumer confidence amid economic and political uncertainty, ongoing problems in the real estate sector and an aging working-age population.

Moody's maintained its growth forecast for this year at 5%, but cut its 2024 outlook to 4.0% from 4.5% previously. China's rating is at A1 with a stable outlook, four notches below the U.S.' top rating.

"Data from China suggest that the economic recovery from the prolonged zero-rate policy remains muted, as the momentum for renewed growth seen in March, April and May appears to be waning," Moody's said in the report.

"We believe low consumer confidence is restraining household spending, and economic and political uncertainty will continue to weigh on business decisions."

NO MIRACLE IN SIGHT. ECONOMIC DATA FROM CHINA
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Dear clients,

Asian stocks fell on Tuesday as weak service sector data renewed fears of a faltering post-pandemic Chinese economy.

The MSCI was down 0.65% at 511.63, moving away from 515.37, the highest level since 11 August, which it reached on Monday.

Futures indicated that the gloomy mood is likely to spread to Europe, with the Eurostoxx 50 futures down 0.21%, Germany's DAX down 0.20% and the FTSE futures down 0.29%.

The recent rally in Chinese equities, fuelled by a series of government measures aimed at supporting the weakening economy, is quickly fading. The CSI 300 blue-chip index fell 0.58% and Hong Kong's Hang Seng fell 1.5% after these markets recorded their best day in over a month on Monday.

Optimism quickly faded after a private sector survey on Tuesday showed that China's service sector activity grew at the slowest pace in eight months in August as weak demand continues to haunt the world's second-largest economy and stimulus measures failed to significantly revive consumption.

Nevertheless, investors are hopeful that Beijing's drip-feed of stimulus will be enough to stabilise the Chinese economy.

In a rare piece of good news for China's crisis-hit property sector, a source close to Country Garden said the company made interest payments on two dollar bonds just as the grace period was due to end on Tuesday.

On Friday, China's largest private property developer received approval from onshore creditors to extend a 3.9 billion yuan ($536 million) private bond.

WEEKLY OUTLOOK: BTC, ETH, XRP
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Dear clients,

The world of crypto is seeing some hard ups and downs lately, with both Grayscale ETF approval and SpaceX dumping their crypto assets. This time, we'll be looking Bitcoin, Ethereum and Ripple, what's going on with them now and what may happen further on.

Join us on September 6 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them on our site.

TWO BENEFITS FOR THE PRICE OF ONE: 101%+CASHBACK
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Dear clients,

Summer is over, but that's no reason to be upset, because we have a hot offer for you.

From the 4th of September for new clients for the first deposit 101% cashback is also available.

Message the support team the promo code — HOT, choose the cashback plan that suits you, and get an additional bonus for your deposit.

More amount, more bonus, more benefits! Increase your volumes and get even more net profit.

Terms of promotion:

1. Within the framework of the promotion, new clients of the company can be eligible for a 101% bonus on the first deposit to the trading account with the Cashback promotion enabled.

2. You can take advantage of the offer within 7 days after registration with the company.

3. To participate in the promotion you need to:

3.1. Register and open a trading account;

3.2. Enable the Cashback promotion on your trading account in the Client Area;

3.3. Make a deposit from 101 USD;

3.4. Contact the personal manager with the code word HOT to credit the deposit bonus in the amount of 101%;

4. Bonus funds are used in accordance with the terms of the promotion Drawdown bonus 101%; crediting of spread refund in accordance with Cashback promotion terms.

5. In order to prevent abuse of the promotion terms and conditions, the Company reserves the right to refuse the client this offer without warning at any time at its discretion.