Mar 18, 2021 Forex News
Yesterday, after the Fed meeting, the price of Bitcoin began to rise and reached the level of $59000. Following Bitcoin, altcoins also began to rise in price. As a result, the market is trading in the green zone today. Major cryptocurrencies are showing growth. The largest growth in 24 hours was shown by Cardano 15%, Chainlink 8%.
The rise in prices for cryptocurrencies is caused by the return of investors to the cryptocurrency market. After the Fed promised to keep the interest rate at a record low of 0,25% until 2023, investors again began to look for tools to make money. According to the Fed, the economy needs incentives. Keeping rates low allows companies and citizens to raise funds on more favorable terms.
As a result of the Fed's decision, the stock market also showed growth: the S&P 500 added 0.5%. The rest of the indices also showed growth.
Analysts suggest that the current situation is forcing investors to look for alternative instruments. Fiat currencies and government bonds are becoming less attractive assets due to monetary policy. This has a positive effect on the adoption of Bitcoin and the increase in demand for it.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News