FreshForex News

[FreshForex]

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.

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[FreshForex]

BITCOIN CONFIDENTLY BREAKS $60,000





Today, Bitcoin is not just the first cryptocurrency but a true digital gold with a market capitalization of over $1.20 trillion. This investment volume is comparable to the market capitalization of Meta Platforms Inc. (formerly Facebook) on the NASDAQ stock exchange.

Only 2 months into the year, the BTCUSD exchange rate has grown by more than 50%! In just the last week, the cryptocurrency has added 25% to its value, reaching a new milestone of $64,000 without retracements.



On January 12, 2024, we published the news "The path to limitless cryptocurrency growth is open!" about the approval of 11 applications for creating exchange-traded Bitcoin funds. By February 28, the trading volume of Bitcoin ETFs reached $7.69 billion! The influx of funds into Bitcoin is simply colossal; BlackRock alone increased its balance to 151,536 BTC for its spot BTC-ETF.

The overall market capitalization of the crypto market grew by 12% in the last week. There is active discussion in the network about the imminent approval of a spot ETF for Ethereum (ETH). Need we mention what might happen to its price? The price of Bitcoin is a vivid example. The excitement around crypto assets is only growing, the media actively fuels investor interest, and companies and funds continue to increase their investments.

FreshForex analysts have twice talked about the inevitable growth of cryptocurrencies, and new records are expected ahead. Don't miss the chance – earn with us!

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[FreshForex]

Gold Hits Historical Record!

Gold is a precious metal classified as a protective asset. Traders commonly use gold for portfolio diversification and as a "safe haven" during economic downturns. In the long term, gold exhibits a steady upward trend and is suitable for investments with a horizon of 5-7 years or more. Simultaneously, due to its relatively high volatility, gold is also suitable for successful intraday speculative trading.

In January, global central banks doubled their gold purchases for their reserves. The Central Bank of Turkey and the People's Bank of China emerged as leading buyers. The demand for this precious metal from central banks may be a decisive factor in supporting prices in 2024.

On Wednesday, March 6, the XAUUSD price reached a new historical maximum of $2,149 per ounce. In just the last five trading sessions, gold has risen by over $100! The current forecast indicates a price movement towards $2,255 and beyond. Similar to Bitcoin, we predicted this growth in the news article "FreshForex Gold Alert" from November 21, 2023.

The increase in gold prices is also attributed to the interest of private investors and institutional funds in gold as a safe-haven asset for risk hedging. It is expected that this trend will continue in the coming years, making gold a very reliable investment.

Investing in gold is a time-tested possibility to earn in the market. Don't miss the chance to increase your capital with this noble metal!

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[FreshForex]

HOW FRESHFOREX TRADERS PROFIT FROM THE DEPARTING WINTER?

Since the beginning of January 2024, the price of natural gas (#GAS) has been steadily following a bearish trend, nearly halving from $3.3 to $1.7!

FreshForex analysts continue to adhere to a short position strategy, and here are several factors influencing the current situation:

-Decrease in gas demand during mild weather,
-Concerns about excess supply, as the reduction in gas production by companies Chesapeake and EQT and the decrease in gas reserves by 9 billion cubic feet have not yet triggered a market reaction,
-Reduction in the gas consumption forecast in the US for 2024, announced by the Department of Energy,
-Pause by the Biden administration in implementing new gas projects to expand LNG production in the US.

Have price lows been reached, and is it time to buy, or will the #GAS contract continue to decrease in value?

Since the total gas reserves are 37% above the five-year average and 14% exceed the previous five-year maximum, experts believe that the situation may only change by summer when reserves approach normal levels.

However, a sharp price change may occur suddenly in the case of extreme heat or other unexpected circumstances that contribute to increased demand.

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[FreshForex]

JAPAN'S NIKKEI INDEX HITS HISTORIC HIGH!

The Nikkei 225 - Japan's key stock index comprising 225 companies from the Land of the Rising Sun listed on the Tokyo Stock Exchange. It is calculated as the arithmetic mean of their values. The index was introduced in 1950 and named after the newspaper that first applied such a calculation methodology to the Japanese stock market.


The Tokyo Stock Exchange (TSE) is one of the largest in the world, with over 2,000 companies represented, including brands known to everyone - Toyota, Sony, Mitsubishi, Nintendo, SoftBank, and many others. In terms of market capitalization, TSE is second only to the New York Stock Exchange.

The historic peak of #NIKKEI was reached on December 29, 1989, when the index rose to 38,957 points during the day's trading. And now, for the first time in 34 years, in our days, #NIKKEI has exceeded the 40,000-point mark.

FreshForex analysts point to the following factors driving the growth of the Japanese stock market in 2024:

• Strengthening of technology company stocks and reports of high corporate earnings,
  
• Investor optimism amid billionaire Warren Buffett's investment in major Japanese companies (Berkshire Hathaway holding),
  
• Exporter stocks supported by a weakening yen, increasing their profits in the national currency,
  
• Rising inflation to 2.8% - a radical change compared to the deflation of previous years when constant price declines negatively affected company profits.
  

Thanks to these factors, traders worldwide see increasing opportunities in the Japanese market.

In 2023, the Nikkei 225 gained 29%, marking the highest annual growth in a decade. And since the beginning of the current year, it has added another 22%, making the contract extremely attractive for investment.

Evaluate the potential of the #NIKKEI contract alongside successful traders on our trading platform!

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[FreshForex]

BLACK GOLD CONTINUES ITS RISE!

Oil prices are rapidly increasing at the beginning of the week, driven by a number of factors: geopolitical conflict threats, prospects of production cuts from OPEC+ members, and the depreciation of the dollar.


As of today, Brent crude oil has reached a price of $86 per barrel!

OPEC+ reaffirms its position on limiting oil production and sees no need for changes, reports Bloomberg, citing several informed sources. On April 3, the alliance will hold an online meeting to assess the progress of the latest production agreements, which are set to run until the end of June.

According to commodities analyst Giovanni Staunovo from UBS Group AG, the rise in oil prices is attributed to positive data from China, including refinery activity levels and increased oil demand. According to Chinese authorities, crude oil processing volumes in January and February reached a historic high of 118.76 million tons, exceeding last year's figure by 3%.

Goldman Sachs analysts predict an increase in commodity prices this year, based on central bank rate cuts worldwide. This forecast is supported by other market participants such as Macquarie Group and Carlyle Group.

FreshForex traders agree with the above factors: about 64% of positions are opened for long trades! Start earning too, trade with us!

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[FreshForex]

GOLD HAS ALREADY HIT RECORDS, NOW IT'S COPPER'S TIME

According to the CME Group, demand for copper futures contracts continues to grow steadily, and institutional funds continue to increase their volumes.

As a result, since the beginning of the year, copper has risen by almost 10%, and the price of the CUCUSD contract confidently reached a 14-month high.

Key growth factors include:

- Increased demand for the metal due to the transition to "green" energy. Solar or wind power stations, electric vehicles, any form of renewable energy - they all require copper because if you need to electrify something, conduct electricity, you need copper.

- Supply reduction risk. On April 3, Canadian mining company Ivanhoe Mines reported a quarterly production decrease of 6.5% at the Kamoa-Kakula mining complex in the Democratic Republic of Congo. In addition, drought in Zambia threatens the planned expansion of the country's mining industry. This leads to supply shortages and further price increases. Goldman Sachs predicts a copper deficit of over 500,000 tons in 2024.

- Expected reduction in the Fed rate. The rise in CUCUSD increased after statements by Federal Reserve Chairman Jerome Powell regarding the key rate. He stated that despite higher-than-expected inflation data, the overall situation remains unchanged and a rate cut will be necessary "at some point this year."

According to CNBC analysts' forecasts, by 2025, copper prices could rise by more than 75% and reach new historical highs. FreshForex analysts make more modest forecasts but also expect an upward trend in CUCUSD as a more likely scenario, especially in the case of an improvement in the global economy.


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[FreshForex]

BRIGHT SHINE OF GOLD ABOVE NEW PEAKS

On April 12, gold once again set a record, surpassing the $2400 per ounce mark. Since the beginning of the year, XAUUSD has already risen by +15%, which currently outpaces the US stock market nearly threefold (Nasdaq 100 and S&P 500 are currently showing growth of around 6%).

Against the backdrop of this historical surge, experts predict further price hikes for the precious metal, confidently stating the possibility of reaching $3000 per ounce.

FreshForex analysts have repeatedly forecasted such growth since November 2023. We believe that gold continues to be a profitable investment, supported by several factors:

• Geopolitical risk and economic uncertainty. Last year, gold prices increased by more than 19%, and according to analysts, there is still room for growth in this rally. Conflicts in the Middle East and other hotspots around the world increase the premium for geopolitical risk, maintaining interest in gold.
  
• Forecasts from major financial institutions' analysts. Bank of America and Citigroup are optimistic about gold's future, predicting its rise to $3000 per ounce in the coming years. Goldman Sachs has raised its gold price forecast to $2700 per ounce, and UBS expects it to reach $2500 by the end of 2024. Analysts believe that increased investor inflows, expectations of US Federal Reserve interest rate cuts, and active purchases by major central banks and consumers in China will support this growth.
  
• Investors view gold as a hedge against inflation and economic uncertainty.Demand for the precious metal strengthens during periods of declining confidence in risky assets such as currency, stocks, and bonds, and it is forecasted that this trend will continue, pushing gold prices to new heights.
  

Thus, confidence in gold remains unshaken, giving the green light for new investment flows and trading ideas. Our traders have assessed market sentiment and actively use the XAUUSD trading pair in their strategies.

Trade precious metals with leverage up to 1:1000 and narrow spreads with FreshForex to maximize your profits!

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[FreshForex]

Secrets of success on the American stock market

Snapchat (#Snapchat) shares surged by 27% to $14.5 per share, following the post-market trading on the New York Stock Exchange on Friday, April 26. And they continue to climb this week:

Several factors contributed to this rapid growth:

• Demand for Snap shares increased after the release of financial results. Snap noted that its business is growing faster than expected, thanks to the update of its advertising system and higher demand for features that help brands increase sales or clicks on websites.
  
• In the first quarter, the number of daily active users (DAUs) grew by 10% to 422 million. According to StreetAccount, analysts expected 420 million users. Snap also expects to generate revenue of $1.23 billion in the second quarter, higher than analysts' expectations ($1.22 billion).
  
• The company's revenue per user increased on a yearly basis for the first time since the beginning of 2022, reflecting the recovery of the advertising market and Snap's efforts to revive growth, said Morningstar analyst Michael Hodel.
  

Simultaneously with Snapchat's success, Tesla (#Tesla) shares began to soar sharply on news that Elon Musk, during his visit to China, reached an agreement with the Chinese technology giant Baidu (#Baidu). The companies will collaborate in the field of mapping and navigation, allowing Tesla to use its Full-Self Driving (FSD) software in China for fully autonomous driving. As a result, the electric car manufacturer's shares rose by 7.98% to $181.72 in pre-market trading on April 29.

Google (#Google) also made headlines by announcing its market capitalization. The market cap of Alphabet, Google's parent company, exceeded $2 trillion for the first time, reaching $2.15 trillion. According to TradingView, Alphabet now ranks fourth in the world by market capitalization. It is surpassed only by Microsoft (#Microsoft) with a market cap of $3.02 trillion, Apple (#Apple) with a market value of $2.61 trillion, and NVIDIA (#NVIDIA), whose market capitalization is $2.19 trillion.

And we remind you that the shares of these companies and many others are available for trading in our trading terminal. Still hesitating where to invest? FreshForex analysts have repeatedly pointed out the prospects for gold and bitcoin, and the forecasts have come true. And now is the time to invest in the fund. Earn with us!

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[FreshForex]

#GAMESTOP IS NOT GOING TO STOP!

GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25.

The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will happen today?

The rollercoaster ride repeats itself with this stock after the sudden return to social media by YouTube streamer Keith Gill, known as Roaring Kitty. He posted a mysterious message on the X service (formerly Twitter), showing that he's always in the know. Gill's post garnered over 8 million views within hours of its late Sunday posting, marking his first post on the account since June 2021.

The surge in stock prices led to a so-called "short squeeze" - a situation where investors betting against the stock and opening short positions are forced to buy stocks as their prices unexpectedly rise, contrary to their expectations. This situation further fueled the rise in shares, which appreciated by hundreds of percent. As a result, funds betting against the company's stocks lost billions of dollars. Giacomo Pierantoni, Head of Data at Vanda Research, stated that the overwhelming majority of demand for shares now comes from retail investors. It seems that, as in January 2021, investors are betting against those shorting GameStop Corp (#GameStop) shares, notes MarketWatch.

Just recently, on May 2nd, FreshForex analysts drew attention to the US stock market, after which the price of Snapchat (#Snapchat) shares increased by 10%! Our analysts' forecasts for gold not only came true but the asset also surpassed its historical maximum twice!

Our trading terminal offers a wide range of shares from major companies. Many of them are just starting their growth this year, so invest with us!

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