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Week 1 data: focus on the NFP

From exness.com

The new year started with a bang in crypto markets as bitcoin reached a new 20-month high above $45,000, as traders’ focus remains on applications for ETFs. Other major CFD markets have been quieter so far in 2024 as participants await important news from the USA in the next few days. The end of 2023 was notable for monetary policy because the majority of expectations began to shift towards cuts by major central banks this year. While the Bank of England’s Monetary Policy Committee has generally remained firm on no cuts for the foreseeable future, the European Central Bank (ECB) might cut around the end of the year ... (full story)

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  • Category: Technical Analysis