Experts’ forecasts for the euro-dollar 2024 exchange rate: which currency will be stronger?
What are the forecasts for the EUR/USD exchange rate in 2024? As always, experts in the currency market and beyond closely monitor the EUR/USD exchange rate. Every movement of the quotation is constantly analysed, as is the continuous strengthening and weakening of one currency against another. For this reason, and because of their interest in the pair, experts make their forecasts on the EUR/USD exchange rate every year.
Euro-dollar exchange rate: forecast 2024
Before analysing the forecasts on the euro-dollar exchange rate, it is necessary to make a few theoretical clarifications. EUR/USD is the abbreviation for the euro-dollar exchange rate, i.e. the rate that indicates how many dollars are needed to buy one euro. In this currency pair, the euro is the ‘base currency’, and the dollar is the ‘quoted currency’. If, for example, the rate is 1.5, it means that $1.5 corresponds to 1 euro.
Forex investors study the euro-dollar exchange rate, generally used to calculate a currency’s strength. This metric is influenced by central bank monetary policies, such as interest rate rises, and macroeconomic conditions, such asinflation or the bond yield spread between the US and Germany. Specifically, when a central bank raises interest rates, money in circulation decreases, increasing its value.
What do the major investment banks’ forecasts on the euro-dollar exchange rate for 2024 tell us? In general, is the euro expected to continue gaining ground against the dollar, or will we see the opposite scenario?
If you are also interested in digital currencies, Young Platform allows you to check the Euro Bitcoin exchange rate and the rates of the best cryptos on the market.
According to Morgan Stanley analysts, unlike in 2023, USD will regain lost ground against EUR in 2024.
Their forecast on the euro-dollar exchange rate sees the pair reaching 1 in the coming months. Therefore, the euro’s descent that began at the end of November 2023 will not stop.
Bank of America and ING
On the other hand, Bank of America (BoA) expects a still relatively strong euro in 2024. The exchange rate estimate is 1.10 and 1.15 in 2024. Several elements could alter these assumptions, but the main one is related to interest rates. BoA analysts think that theFed’s rate cut,which will take place, again according to them, from June 2024 onwards, will undermine the strength of the dollar. The lower the rates, the more liquidity there should be in the markets, which would favour investments in riskier assets and a drop in demand for the US currency.
JPMorgan
JPMorgan’s euro-dollar exchange rate forecast from October begins with the realization that the dollar could return strong in 2024 after the crash of 2022/2023.
The main cause is the war in the Middle East and the possible increase in energy prices. JP Morgan’s forecast for 2024 has a precise price target: 1.00 in the first months of the year. This would translate into a 7% increase in the dollar’s value.
ABN AMRO Bank
ABN AMRO Bank economists, on the other hand, raised their forecasts for the euro-dollar exchange rate. The bank expects the Federal Reserve and the ECB to start lowering interest rates with the arrival of the New Year. This hypothetical situation would not favour either currency. The exchange rate is expected to settle at 1.05 at the beginning of the year and reach a high of 1.10 in the final quarter.
Who are the richest men in the world in 2023? Has Elon Musk retained his supremacy, or has another billionaire undermined him?
What is the ranking of the richest men in the world in 2023? This ranking is calculated according to net worth, which is the difference between the total value of the goods or assets owned, e.g., cash, investments, real estate, and companies, and the amount of liabilities, especially debts and mortgages.
Forbes compiles the best-known ranking of the world’s richest men annually. The one compiled by the US magazine is one of many. However, there is also the BloombergBillionaires Index, which returns the value of the possessions of the world’s wealthiest billionaires in real-time and, for this reason, may change in the coming months.
Although these two rankings show slightly different values in terms of assets, they present virtually the same ranking of the world’s richest men, except for the first position. Discover the 2023 ranking in this article.
10. Steve Ballmer
In tenth place in the ranking of the world’s richest men is the former CEO of Microsoft, Steve Ballmer. Ballmer was one of the tech company’s first employees; he joined the company founded by Bill Gates in 1980.
Over the years, he held several key roles within Microsoft, including president from 1998 to 2000. After leaving the company in 2014, he owned the Los Angeles Clippers National Basketball Association (NBA) team. His wealth is approximately $80.7 billion.
9. Mukesh Ambani
Mukesh Ambani is the chairman of Reliance Industries Limited (RIL), one of India’s largest companies. RIL manufactures petroleum and petrochemical products, fibres and materials for the textile industry. Its assets are USD 83.4 billion.
8. Carlos Slim Helu
Carlos Slim Helu, a Mexican entrepreneur and philanthropist, is ranked eighth among the 10 richest men in the world. Slim Helu is the president of Grupo Carso, an aggregation of companies operating in the telecommunications, construction, and energy sectors. He owns assets worth USD 93 billion.
7. Micheal Bloomberg
Michael Bloomberg is an American entrepreneur, politician, philanthropist, and activist. He founded Bloomberg LP and was the mayor of New York City for three consecutive terms, from 2002 to 2013. He was also a candidate in the Democratic Party primaries for the US presidential election in 2020. His wealth is approximately $94.5 billion.
6. Bill Gates
The sixth in the ranking of the world’s richest men needs no introduction. The founder of Microsoft has led this ranking for several years, continuously from 1995 to 2009 and in 2014 and 2015. His wealth since 2009 has grown every year. According to Forbes, it is around 104 billion dollars, while according to the Bloomberg Billionaires Index, it is 114 billion.
5. Warren Buffett
Also in fifth position in the ranking of the world’s richest men is a well-known figure who has been the leader in this ranking twice. Warren Buffet is considered by many to be the best investor ever. His company, Berkshire Hathaway, is the sixth largest company on the planet, with a market capitalisation of $713 billion. The total value of Buffet’s assets is $106 billion according to Forbes and $112 billion according to the Bloomberg Billionaires Index.
4. Larry Ellison
Larry Ellison is a co-founder and former CEO of Oracle, one of the world’s largest software companies. According to Forbes, his wealth is approximately USD 107 billion.
3. Jeff Bezos
The bottom step of the podium of the ranking of the world’s richest men is occupied by the founder and former CEO of Amazon, Jeff Bezos. He left the world’s fifth-largest company in 2021 to devote himself to philanthropy and other projects, such as his charitable fund, to combat climate change and promote environmental sustainability. Bezos has been the richest man in the world on four occasions: in 2017, 2018, 2019 and 2020, and his wealth in 2023 is $14 billion.
2. Elon Musk
Silver medal for South African tycoon Elon Musk. Who has recently knocked off the top step of the podium? The new chairman of Twitter, CEO of Tesla and SpaceX, and co-founder of Open AI, the company is developing Chat GPT.
He was the richest man in the world in 2021 and 2022 and is now vying for the top spot with the owner of the LVMH group. Elon Musk’s wealth of around $188 billion is undergoing significant fluctuations mainly due to the controversial deal to buy Twitter.
1. Bernard Arnault
So, who is the wealthiest individual on the planet? Forbes’ rankings of the world’s richest men and the Bloomberg Billionaires Index agree the answer is: Bernard Arnault.
The Frenchman is chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, the world’s largest conglomerate of luxury goods companies, which includes Louis Vuitton, Christian Dior, Fendi, Moët & Chandon and Dom Pèrignon. Bernard Arnault’s assets are approximately $218 billion.
And in Italy?
Who is the richest man in Italy? In our country, the ranking has remained unchanged from last year. In first place is still Giovanni Ferrero, president and CEO of the group owned by the Piedmontese company, who also occupies the 27th position in the ranking of the richest men in the world. In second and third place are Luxottica’s Leonardo Del Vecchio and fashion designer Giorgio Armani.
When will the next ECB meeting take place? The central bank’s calendar is constantly monitored not only by investors or market experts. Even ordinary Eurozone citizens follow the central bank’s meetings with interest and apprehension, as its decisions can affect households’ portfolios.
Therefore, every ECB meeting is eagerly awaited and preceded by countless predictions about Christine Lagarde’s and the Governing Council’s moves, whose words are constantly scrutinised. Here, then, is the 2025 calendar (and beyond) of meetings to monitor and attend all of the appointments with the Frankfurt institution.
Next ECB monetary policy meeting: calendar 2025
The ECB’s annual calendar has several appointments. It generally meets twice a month, but monetary policy decisions are discussed only every six weeks. These are the most eagerly awaited meetings because they can influence the financial and other markets. The ECB calendar is, therefore, divided into two parts: the upcoming monetary policy meetings and the non-monetary policy meetings.
The first category of appointments, which always falls on a Thursday, is followed by the press conference of the institution’s president, Christine Lagarde, who presents what has been decided to the public and journalists.
What is discussed during each ECB monetary policy meeting? The main topics are generally Eurozone growth and GDP, quantitative tightening, inflation trends, and interest rates.
Interest rate decisions are significant because they directly impact people’s savings and purchasing power. Rising interest rates, for example, have various consequences, including rising mortgage costs. On the other hand, raising or lowering interest rates is essential for the ECB to fulfil its primary task of keeping prices stable.
The initial question arises: when is the next ECB meeting? Here is the 2025 calendar of monetary policy meetings:
30 January 2025
6 March 2025
17 April 2025
5 June 2025
24 July 2025
11 September 2025
30 October 2025
18 December 2025
Except for the October meeting in Rome at the Bank of Italy, every ECB meeting in 2025 will be held in Frankfurt and chaired by the Governing Council of the European Central Bank, the institution’s main decision-making body. This consists of President Christine Lagarde, Vice-President Luis de Guindos, four members appointed from among the leading Eurozone countries who hold office for eight years, and the governors of the national central banks.
After each meeting, investors monitor the markets to gauge the reactions to the European Central Bank’s decisions. Some of these also impact the cryptocurrency market. Therefore, the upcoming ECB meetings, like those of the Fed (Fed calendar 2025), should be watched. On Young Platform, the leading cryptocurrency exchange, you can monitor cryptocurrency prices simultaneously as reports on each ECB meeting.
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Next ECB non-monetary policy meeting: calendar 2025
The ECB meeting calendar also includes meetings that do not deal with monetary policy issues. On these occasions, the other tasks and responsibilities of the European Central Bank, such as banking supervision for the Eurozone, are fulfilled. Here are all the dates of the upcoming meetings:
19 February 2025
23 March 2025
29 September 2025
29 November 2025
The General Council also convenes another type of ECB meetings, which have advisory and coordination functions:
27 March 2025
26 June 2025
25 September 2025
20 November 2025
ECB meeting calendar 2024
The calendar of last year’s meetings, held in Frankfurt and Ljubljana in October, is provided.
25 January 2024
7 March 2024
11 April 2024
6 June 2024
18 July 2024
12 September 2024
17 October 2024 (at the Bank of Slovenia)
12 December 2024
ECB meeting calendar 2023
To review past meetings and conferences, this is the calendar of every ECB monetary policy meeting held in 2023. Except for the October meeting in Athens, every ECB meeting in 2023 was held in Frankfurt.
2 February 2023
16 March 2023
4 May 2023
15 June 2023
27 July 2023
14 September 2023
26 October 2023
14 December 2023
So, the next ECB meeting in 2025 will soon occur, and all eyes are on the possible cut in interest rates. But this year’s calendar of meetings is complete, and there will be plenty of opportunities to discuss the Eurozone economy.
The complete 2025 Fed meeting schedule with all upcoming dates
The Fed (Federal Reserve System) meeting calendar, i.e., the central bank of the United States, has eight annual meetings. These meetings are the equivalent of the meetings of our ECB (here, it is calendar 2025), where monetary policy decisions are made. They are widely followed events because they can influence the course of the financial markets and, in recent times, have become real turning points for the future of the global economy.
Fed meetings: what is decided and by whom
Before discovering the 2024 Fed meetings calendar, let us see how these appointments work.
The FOMC (Federal Open Market Committee) is the Fed’s operating body and mouthpiece and chairs the meetings. This is comprised of 12 members, including US central bankers and the Fed Chairman.
The FOMC assesses the financial conditions and monetary policy actions needed to achieve US economic objectives. The interest rate decision was the most decisive factor.
At each Fed meeting on the calendar, a summary of economic projections and the Dot Plot, a chart showing each Fed member’s anonymous forecast of the Fed funds rate position for the past year, the future and the long term, are presented. These appointments are highlighted in the calendar with an asterisk.
Here is an example of a Dot Plot chart published at the December 2022 Fed meeting.
DOT PLOT: The Fed's latest decision to raise rates by 50 basis points follows four consecutive 75 basis-point hikes.
The summary of economic projections is published within the FOMC meeting announcement, and a monetary policy statement highlights key financial indicators, such as labour market data. During this occasion, the Fed announces the “federal funds rate,” which is the interest rate influencing all other rates (mortgages, loans, bonds). This rate is expressed as a range (e.g., 1.75%-2%). Achieving an average within this range is the implied target. The higher this target, the more restrictive monetary policy becomes; the lower the target, the more accommodative it is.
Fed meetings: calendar 2025
These FOMC meetings are held eight times a year, last two days, followed by a press conference by Chairman Jerome Powell. Here is the Fed calendar of all meetings for 2025.
28-29 January 2025
18-19 March 2025 *
6-7 May 2025
17-18 June 2025 *
29-30 July 2025
16-17 September 2025 *
28-29 October 2025
9-10 December 2025 *
(*) Meeting associated with a Summary of Economic Projections
Fed meetings: calendar 2024
The Fed in 2024 met on these dates:
30-31 January 2024
19-20 March 2024 *
30 April – 1 May 2024
11-12 June 2024 *
30-31 July 2024
17-18 September 2024 *
6-7 November 2024
17-18 December 2024 *
Fed meetings: calendar 2023
The Fed in 2023 met on these dates:
31 January – 1 February 2023
21-22 March 2023 *
2-3 May 2023
13-14 June 2023 *
25-26 July 2023
19-20 September 2023 *
31 November-1 December 2023
12-13 December 2023 *
Fed meetings: calendar 2022
The Fed in 2022 met on these dates:
*25-26 January 2022
15-16 March 2022*.
3-4 May 2022
14-15 June 2022*.
26-27 July 2022
20-21 September 2022*
1-2 November
13-14 December 2022*
Financial players and analysts await the Fed meetings with great interest. The Institute’s decisions play a major role in US monetary policy, but not only that. On several occasions, we have also seen an impact on other markets, such as the cryptocurrency market. That is why keeping an eye on the Fed’s calendar of upcoming meetings can be helpful.
As the curtains fell on the Fed meeting in March 2024, a wave of anticipation gave way to a reality check: the federal interest rates remain unchanged. The current target range is between 5.25% and 5.50%.
The decision, aligned with the expectations set by the Fed’s forecasts, points to a cautious approach despite the clamour for easing monetary policies. But what does this mean for the economy, consumers, and investors? This article delves into the nuances of the Fed’s latest policy stance, dissecting the layers beyond the headline decision.
Market forecast
As we stepped into 2024, the investment landscape was abuzz with optimism. Market participants harboured hopes for a series of rate cuts, envisioning as many as six or seven adjustments downward.
However, the tides of economic reality have tempered these expectations. Recent developments and data analyses have led to a revised outlook, with consensus building around three rate cuts anticipated to commence in June. This adjustment reflects a cautious optimism, recognising the persistent challenges of quashing inflation—a nemesis that has proven more resilient than anticipated.
Inflationary trends and economic indicators
Inflation trends remain a critical determinant of the Fed’s policy trajectory. Despite a decline from peak levels, inflation rates, as per the latest Consumer Price Index and Personal Consumption Expenditures Price Index, still overshoot the Fed’s 2% target. Notably, recent monthly data hint at an inflationary uptick, a factor likely weighing heavily on the Fed’s decision-making process. The upcoming PCE index update will be particularly pivotal, offering fresh insights after the March meeting.
Inflationary trends remain a critical determinant of the Fed’s policy trajectory. Despite declining from peak levels, inflation rates increased in January and February, as indicated by the latest Consumer Price Index and Personal Consumption Expenditures Price Index, and are still above the Fed’s 2% target.
Employment data and their implications
The job market’s resilience is a testament to the economy’s underlying strength. However, this robustness also presents a conundrum for the Fed, potentially fueling wage-induced inflation. The recent uptick in unemployment and solid job creation paint a complex picture for policymakers, who must balance curbing inflation and fostering employment.
“A strong increase in hiring per se would not be a reason to hold off on rate cuts,” Fed Chairman Jerome Powell said, adding that the labour market per se is not a cause for concern about inflation.
Details of the March Fed meeting
At the Fed’s March 2024 meeting, members of Congress estimated an overall rate cut of three-quarters of a percentage point by the end of 2024, marking the first decrease since the initial COVID-19 outbreak in March 2020.
The current federal funds rate represents the highest peak in 23 years. This rate determines reciprocal overnight lending costs between banks, affecting different types of consumer debt.
The anticipations concerning the three possible cuts emerge from the Fed’s so-called ‘dot plot’, a set of anonymous forecasts rigorously analysed by the nineteen members of the FOMC. This plot offers no details about the timing of the expected actions.
Federal Reserve Chairman Jerome Powell confirmed that the institution has not yet specified a timeline for the cuts but remains hopeful that they will come to fruition, provided the favourable economic data. After the meeting, the CME Group’s FedWatch index showed that the futures markets attributed a 75% chance to the first rate cut occurring as early as the 11-12 June session.
The committee anticipates three more cuts in 2026, followed by two more thereafter until the federal funds rate stabilises around 2.6 per cent, which officials believe is the neutral, non-incentive or restrictive rate.
These forecasts are part of the Fed’s Summary of Economic Projections, including projections for GDP, inflation and unemployment. The distribution of the data points revealed a more aggressive bias than in December, but without significantly altering the estimates for the current year.
Impact on markets
In response to the Federal Reserve’s decision to hold rates steady, Seema Shah, chief global strategist at Principal Asset Management, said, ‘Powell may have shown his cards: He needs a good reason not to cut rates rather than a reason to cut rates. Markets perhaps couldn’t have asked for more from the Fed, and stocks will celebrate.’
Indeed, the major averages rose on Wednesday afternoon after the Federal Reserve released its policy decision and rate forecast. The S&P 500 gained 0.3 per cent, and the Nasdaq Composite gained 0.5 per cent. The Dow Jones Industrial Average index ended the day up 401 points, or just over 1%. Treasury bond yields mainly fell, with the 10-year benchmark rate recently settling at 4.28%, down 0.01 percentage points.
Conclusion
The Federal Reserve’s latest rendezvous paints a picture of a central bank at a crossroads. Juggling the dual mandates of controlling inflation while fostering employment, the Fed walks a tightrope of monetary policymaking. For consumers and investors, the message is clear: brace for a landscape defined by gradual adjustments and vigilant observation.
The Fed’s strategies and decisions remain pivotal as the economy continues its dance with inflation and growth. With each meeting and announcement, the contours of the economic future gain clarity. Yet, in this era of unpredictability, one truth holds steady: the path ahead is paved with cautious steps and watchful eyes.
You are currently on the Young Platform blog. Keep yourself updated with macroeconomic events directly on the app and observe their real-time impact on cryptocurrency prices.
Smart Trades, the automatic trading strategies, are coming to Young Platform! They are available as a preview for Club members only.
We are happy to announce the launch of a new feature: Smart Trades. This feature was created through a partnership with Aelium, a company specialising in developing cryptocurrency trading strategies. Smart Trades can only be activated in advance by Young Platform Club members. In this article, we will learn what they are, how they work, and what advantages they offer for your cryptocurrencies.
Managing money: a question of time
Many of us feel we have no time. We would like to devote attention to many essential or enjoyable things, but time always seems in short supply. Managing money is one of them.
Understanding financial concepts helps to set and achieve concrete goals, contributing to present and future financial security. It gives peace of mind, opens new opportunities and avoids uncontrolled debt. Developing one’s savings and investment skills increases independence and quality of life.
We firmly believe that the crypto market represents a new opportunity, and our job is to make it available to as many people as possible.
We have always tried to develop tools that are simple and as automated as possible, capable of working even with minimal amounts of money and little time. This way, anyone can try, experiment, and adapt the tools to their situation. Flexibility is our prerogative. We break down any barriers and encourage individual autonomy, starting from the heart of the problem: time.
Buy-and-Hold and Smart Trades compared
Today, we want to introduce you to a new tool that complements the Moneyboxes. These were created to automate the buy-and-hold approach over the long term. Buy and Hold isan approach that does not consider price fluctuations and volatility and tries to put cryptocurrencies aside over the years on an ongoing basis. The recurrence of purchases over the long term limits risk and the average purchase price.
The completed approach to Moneyboxes, which we want to tell you about today, is the one introduced by Smart Trades. If Moneyboxes are for ‘buying and saving,’ Smart Trades are for trading. They are, therefore, short-term indicators that execute buy-and-sell trades automatically. Smart Trades seek to exploit volatility, price trends, and breaks in support and resistance to their advantage to achieve results over weeks or months, even if they entail higher risk.
But now, let’s get into the nitty-gritty of Smart Trades to learn what they are, how they work, and what benefits and risks they entail. Above all, we must know how to harness them to achieve our goals.
Remember, the definitions provided here are greatly simplified for a non-expert audience. If you wish to delve deeper into the indicators, we recommend reading the in-depth articles on Academy. It’s crucial to understand that financial markets are intricate and unpredictable, and an indicator’s performance can fluctuate based on numerous factors. Before you proceed, consider your risk profile, investment goals, and time horizon. Also, avoid basing your decisions on a single source of information and always seek advice from a professional who can guide your choices. This table provides some information that may aid your research. But always keep in mind: the final decision is always yours!
What are Smart Trades
Smart Trades are automatic trading indicators that operate without human intervention thanks to an algorithm.
This algorithmic trading type uses mathematical models to execute buy and sell orders based on market signals and predefined parameters. With Smart Trades, even beginners can approach trading.
Algorithmic trading: how it works
Algorithmic trading can execute various trading orders at a higher speed than manually. These systems are programmed to recognise trends, patterns and price discrepancies. Based on this data or signals, they execute fast trades to maximise returns.
An algorithm in trading is a detailed recipe that tells the computer exactly what to do and when. For example, ‘Buy 100 shares of XYZ Corporation when their price falls below 50€ and sell them when their price rises above 60€’. The computer monitors the market 24 hours a day, 7 days a week, and automatically executes these orders when the specified conditions occur, without you constantly tracking the market.
Why activate a Smart Trade?
Activating a Smart Trade offers numerous advantages, especially for beginners. It is a gateway to the trading world that does not require years of experience or constant market monitoring. Smart Trades reduce the emotional factor, one of the biggest obstacles for traders, and allow a more disciplined, data-driven approach. In addition, they will enable you to take advantage of market opportunities 24 hours a day, 7 days a week.
How to Choose a Smart Trade
Before activating a Smart Trade, it is important to carefully evaluate each strategy, understand the associated risks, and determine which best aligns with your objectives. The app describes each strategy’s characteristics, and you can read the complete guide to help you interpret and use them in your choice.
How Smart Trades are activated
Activating a Smart Trade on the Young Platform is simple and intuitive. They are currently only available on the Young Platform app, not the web version. After selecting the strategy that best suits your needs, follow this step-by-step tutorial. Simply enter the amount to be allocated and check the summary data before confirming. Once configured, the Smart Trade will start trading automatically, allowing you to monitor progress and make necessary changes. For more details on the functionality, please read our Terms and Conditions and Aelium’s Terms and Conditions.
Smart Trades available on Young Platform
Each of the four proposed strategies works on different parameters. You can read the Academy’s in-depth article on a strategy by clicking on it in the following list:
Keltner Channels
Supertrend
Momentum
Bollinger Bands
Cryptocurrencies available for Smart Trades
The cryptocurrencies available for use with Smart Trades include some of the most popular and liquid ones on the market:
This selection of cryptocurrencies allows diversifying one’s strategies across different assets, taking advantage of each coin’s unique characteristics.
Smart Trade Monitoring
To monitor the gains and losses of your Smart Trades, access the ‘Smart Trades’ section of the app. In the ‘Active’ tab, find and select the strategy of interest to view the details. Here, in the Profit&Loss (P&L) section, you can analyse the performance of your plan, checking the percentage increase or decrease and the amounts gained or lost. If you wish to increase your budget, you can easily do so by using the ‘Add Funds’ button on the same detail screen. By following these simple steps, you can actively manage and monitor the effectiveness of your automatic trading strategies on the platform.
Smart Trades that can be activated
Smart Trades can only be activated in advance for Clubs. If you do not belong to a Club, you can only activate one Smart Trade at a time, but by joining a Club, you can unlock many more.
The availability of these strategies varies according to Club membership.
What fees are applied to Smart Trades?
During the preview period for Club members, a fixed commission of 0.2% will be charged on the transaction amount. Please note that fees may change once the feature becomes available to the public. It’s important to mention that no commission discounts will be applied to Smart Trades, including those offered by the Club subscription or acquired bonuses.
Young Platform does not provide tax, investment, or financial services and advice. The information on this website is provided for informational purposes only. It is presented without regard to any specific investor’s investment objectives, risk appetite, or financial circumstances and may only be suitable for some investors. Buying and selling cryptocurrencies involves risks, including total loss of capital. Users should always research, consult a qualified professional before deciding, and carefully assess their risk profile and loss tolerance.
Smart trades are algorithmic trading strategies. This article will examine the types available on Young Platform and how they work.
Algorithmic trading in brief
Imagine algorithmic trading as the use of an autopilot for trading. Just like the autopilot of a plane or Tesla, it follows precise instructions to take us to our destination. In algorithmic trading, software acts according to well-defined rules (the algorithm) to buy or sell assets such as stocks, bonds or cryptocurrencies. Smart trades work this way, thanks to their algorithms.
The advantages of algorithmic trading
The main advantage lies in eliminating emotional and psychological influences that determine human decisions, using a cold, logical approach to data instead. Unlike us, the algorithm never rests: it scans the data and the market 24/7, even while we sleep.
Algorithmic Trading on Young Platform
The algorithm, in itself, acts according to rules. Each algo-trading strategy available on Young Platform has its specific algorithm, built on an ‘indicator’.
Indicators work like ‘sensors’ that try to understand what will happen once they have analysed the data. Based on the result, the algorithm executes a buy or sell order. It is essential to remember that indicators analyse statistical trends and are therefore not infallible. This is because the market is unpredictable, and no one, not even mathematics, can predict the future.
Smart Trades available
Let’s, therefore, take a look at the strategies available on Young Platform and their respective indicators:
NB. The following definitions have been greatly simplified to make them accessible to a non-expert audience. To explore the indicators, please read the in-depth analyses of the Academy below. Also, remember that the information below, including that in the summary tables, is not a magic formula. Financial markets are complex and unpredictable, and the performance of an indicator can vary depending on many factors.
Before proceeding, consider your risk profile, investment objectives and time horizon. Also, do not base your decisions on a single source of information; always consult a professional who can help you base your choices. In this table, you will find some information that may help you research. But don’t forget: the final decision is always yours!
Supertrend
This strategy takes its name from the indicator on which it was built: the Super Trend Indicator. In a nutshell, it works on short-term volatility by trying to identify price trend reversals.
A trend reversal, also called a price reversal, is a change in the direction of prices. The prices of a specific asset are hitherto oriented in a particular direction, and they change direction. There are downward reversals and upward reversals. The trend changes from positive to negative in the first case, while the opposite occurs in the second case.
The dedicated guide includes other ranking parameters to help you assess whether this strategy is right for you.
Keltner Channels
The Keltner Channel was first introduced by Chester Keltner in the 1960s. This indicator mainly studies price strength.
The Keltner Channels help identify potential entry and exit points in an upward market. They tend to work best in high volatility, i.e., when an asset’s price moves steadily. Conversely, if the price remains stable, it may suggest a less volatile or consolidating market.
The dedicated guide includes other ranking parameters to help you assess whether this strategy is right for you.
Momentum
This indicator is a tool that helps analyse markets to understand whether the price of an axis is getting stronger or weaker. It tells us whether the price is rising rapidly, falling, or changing slowly. This indicator mainly uses two indices: the Relative Strength Index (RSI), which helps to tell if a stock has been bought or sold too much compared to its ‘normal’ value, and the Moving Average Convergence Divergence (MACD), which shows if the price trend of an asset is changing.
The dedicated guide includes other ranking parameters to help you assess whether this strategy is right for you.
Bollinger Bands
The Bollinger Bands strategy, named after its indicator, operates based on ‘buy walls’ and ‘sell walls’. It comes into play when the price enters an ‘overbought’ or ‘oversold’ zone.
In the first case, a cryptocurrency is traded at a price the index evaluates as higher than the “fair” price. Therefore, it is expected that the market will correct shortly, and consequently, there will be a decrease in the value of the cryptocurrency. In the second case, the index believes that the cryptocurrency is traded at a price below its “fair” value. Thus, it is likely that the price will bounce back up.
Other classification parameters in the dedicated guide can help you evaluate whether this strategy is right for you.
How to activate a strategy on Young Platform
Now that we have identified one or more strategies suited to our needs, it is time to get into the swing of things and follow the step-by-step tutorial to activate them. We have devoted an article to the Smart Trades activation guide. In addition, you can read the article on Frequently Asked Questions about Smart Trades.
Young Platform does not provide tax, investment or financial services and advice. The information on this website is provided for informational purposes only and is presented without regard to any specific investor’s investment objectives, risk appetite, or financial circumstances. It may not be suitable for all investor users. Buying and selling cryptocurrencies involves risks, including total loss of capital. Users should always research, consult a qualified professional before deciding, and carefully assess their risk profile and loss tolerance.
Buy and Hold is a widely used long-term approach. It is based on the belief that, despite market volatility, the value of cryptocurrencies will tend to increase in the long run. Think, for example, of someone who bought Bitcoin five years ago and has yet to sell it, hoping for further appreciation.
Buy and Hold: General Considerations
Buy and Hold is a particularly suitable approach for beginners because it does not require excessive analysis skills or in-depth knowledge of market dynamics.
On Young Platform, we have developed a feature to use this approach: Moneyboxes. To be able to activate them, these are the elements you need to bring with you:
a lot of patience
a budget to be allocated on a weekly or monthly basis
a basic grounding in the options available
For this last point, please refer to the end of the article.
Each approach has peculiarities that, aligned to the specific needs of each, can turn into significant advantages. Let us take a closer look at the conditions under which Buy and Hold can be particularly suitable:
when one has little time or knowledge in the field
when you can set aside a budget regularly (the minimum is 20€ in the case of Young Platform operations)
one has an anxious, emotional or high-stress personality
one is not too familiar with the use of applications or web platforms
you do not want to achieve goals in the immediate term, but you are thinking of achieving results in the long term
one does not know the charts well and finds it hard to understand what is the best price to buy and when is the best time to buy
Advantages of the Buy and Hold Approach
Less emotional impact
One of the most challenging aspects of buying cryptocurrencies is managing emotions. Market volatility can often lead to hasty decisions based on panic or euphoria. Buy and Hold reduces this emotional stress, as the user does not have to worry about daily market fluctuations.
Long-term benefit
Historically, many cryptocurrencies have shown a long-term appreciation trend. People who bought Bitcoin or Ethereum in their early years and held the position have often seen strong results. Of course, we know that ‘what has been‘ is no guarantee of ‘what will be’. However, looking at a chart that photographs the performance of a cryptocurrency from its inception to the present can help us understand whether a long-term approach has the best chance. This means the answer is ‘yes’ for one cryptocurrency and ‘no’ for another.
Simplicity of management
Unlike active trading, which requires constant attention and analysis of the market, the buy-and-hold approach is relatively simple to manage. Once the repetitiveness of buying is set, the user only has tomonitor the market occasionally.
Reducing transaction costs
Each transaction may involve costs, such as buying and selling commissions. The buy-and-hold approach minimises the number of transactions, thus reducing the associated costs.
Flexibility of market entry
Systematic hoarding, also known as Dollar Cost Averaging, allows users to enter the market at an average cost, reducing the risk of buying large amounts of cryptocurrency at an unfavourable time.
More excellent protection against short-term volatility
By holding cryptocurrencies for an extended period, users are less exposed to the inevitable short-term market fluctuations, which can often be drastic.
How to apply this approach
Young Platform has developed an ad hoc section for this type of user: Moneyboxes.
Each Moneybox comes with a powerful tool: recurring purchases.
The recurring purchase is an automatic order executed according to our chosen settings.
There are three parameters to be entered:
The budget
Frequency
The cryptocurrencies we are interested in
Choice of budget
The easiest way to decide on a budget is, for example, to analyse our expenses monthly. How much can we put aside? And how much of this budget do we want to convert into cryptocurrencies?
All that remains now is to decide how to load the budget into our account: by credit card, debit card, prepaid card or bank transfer. Follow the deposit guide for a complete tutorial on the procedure.
NB. When setting the recurrence of the deposit, make it a few days earlier than the one you set for the Moneybox.
Frequency
Once the budget has been established, all that remains is to ‘unpack’ it into several purchases. The choice can fall on:
1 purchase per month
1 purchase every fortnight
1 purchase per week
The choice will also depend on the size of the budget. For example, if it is 1,000€ per month, I may consider splitting it into several purchases so that the average purchase price is well spread over the 30 days.
Essential preparation on available options
Three types of Moneyboxes are available on the Young Platform. Each includes one or more cryptocurrencies, and knowing what we buy is essential. For an informed choice, it is crucial to learn more about the characteristics of each cryptocurrency, such as its history, market positioning and potential applications.
The Curated Bundle
These are Moneyboxes already diversified by market area:
Popular: these are the most popular cryptocurrencies among members of the Young Platform community. Inside, you will find:
Metaverse is an online virtual environment where users interact in shared experiences. Inside, you will find cryptocurrencies that belong to projects in the Metaverse:
Web3 is the third evolutionary phase of the internet, characterised by blockchain-based economic and technological systems. Here, you will find the cryptocurrencies that collaborate in the construction of Web3:
To purchase an individual cryptocurrency, simply select one from the menu. To explore the various projects, scroll down the Markets page of our site and, by clicking on a cryptocurrency’s name, read more about it. Before making any transactions, conducting thorough research and analysis is essential, assessing each cryptocurrency’s characteristics.
The Bespoke Bundle (2 to 5 crypto)
You can create a customised and diversified Moneybox using the’ Markets’ page to discover the various cryptocurrencies. This section lets you learn more about the available projects and their characteristics. However, conduct in-depth research on each cryptocurrency before including it in your Moneybox.
Young Platform does not provide tax, investment or financial services and advice. The information on this website is provided for informational purposes only. It is presented without regard to any specific individual’s objectives, risk appetite or financial circumstances and may only be suitable for some Users. Buying and selling cryptocurrencies involves risks, including total loss of capital. Users should always research, consult a qualified professional before deciding, and carefully assess their risk profile and loss tolerance.
Bitcoin has reached a new all-time high, surpassing $71,000. What are the three leading causes?
Bitcoin has officially recorded a new all-time high (ATH). A few minutes ago, it hit the $71,627 level.
This term describes the maximum value Bitcoin touches or, in general, any asset. What has happened in recent weeks is anomalous. Bitcoin has never reached a new all-time high before halving during past cycles, coming in less than fifty days.
How is it possible that Bitcoin has now reached this new record high? Given that a year ago, its value was more than three times lower than it is today. Here are the three main reasons
Bitcoin’s historical high: the causes
Identifying all the causes of Bitcoin’s unexpected all-time high is a daunting challenge. While it is much easier to find the main ones, the question to build on to understand the economic context in which to place the crypto’s recent bullish rally is: Why did Bitcoin record a new all-time high? And more importantly, why did it reach this milestone before the next halving?
The approval of spot ETFs
The first reason is apparent. From 11 January onwards, Bitcoin has entered the Olympus of assets. The approval of spot ETFs by the Securities and Exchange Commission (SEC) has incredibly boosted the crypto’s status, making it attractive even to those who have not delved into its technology. Most institutional investors, historically antagonistic to BTC, have re-evaluated it and finally understand its potential.
However, if we analyse what has happened from an economic point of view, the situation is even more evident. Right now, there is an imbalance between supply and demand, which favours the former. Thanks to their ETFs, funds are buying vast amounts of Bitcoin daily, while issues remain stable and will halve with the halving of April.
Halving 2024
The second reason relates to the event that all crypto enthusiasts have been waiting for. In past cycles, this has always preceded Bitcoin’s new all-time high, but this time, everything is different. How come? It’s impossible to say for sure, but what happened could be connected to the approval of ETFs.
Usually, halving was, for many, an ‘excuse’ to return to crypto after months in which most investors ignored it due to the bear market‘s bearish price movements. This time, however, in part, the interest has come early, attracted by significant American funds.
A virtuous bear market
The third and final reason is related to the bear market. The strong growth that Bitcoin and the crypto world, in general, have experienced in the last period is also the result of the work done in the previous two years. You know, there is no better time to build new solutions or improve existing ones than when prices fall and the euphoria disappears.
Over the past few months, many technological innovations have been born (or improved) on Bitcoin. Some are more controversial and divisive, such as Ordinals and BRC 20 tokens; others, such as Layer 2, are universally considered necessary. The other ecosystems, e.g. Cosmos, Ethereum and Solana, have also renewed themselves, trying to improve above all from the point of view of ease of use. A historical weakness for this sector.
As mentioned, these are not all the causes contributing to Bitcoin reaching a new all-time high. How not to mention the considerable interest in artificial intelligence and the consequent rise in the share price of technology companies, e.g., Nvidia? Or the imminent end of quantitative tightening policies, and thus the likely cut in interest rates in the coming months.
Starting on 4 March 2024, we will introduce significant updates to our commission model to enhance our users’ trading experience. These changes will make Young Platform more competitive and attractive to traders and investors.
These updates were introduced following a survey extended to the entire community, whom we warmly thank for their suggestions and feedback.
Recognising the sensitivity of this topic, we have adopted an approach centred on transparency and valuing direct benefits to our users. To completely understand these updates, please consult our detailed commission page of Exchange Base and Exchange Pro and review the Terms and Conditions.
Young Platform
Commissions for Euro-Crypto exchanges
The update of commission rates on Euro-Crypto transactions aims to maximise the yield of cryptocurrency buying and selling transactions by moving to a hybrid model with fixed and variable commissions.
Introducing a fixed and variable structure aims to enhance users with amounts over €100, who comprise the majority of our community.
Therefore, the variable calculation on buying and selling transactions from Euro to Crypto and vice versa was integrated, making exchanges with more significant amounts more convenient.
Commissions for Crypto-Crypto and Euro-YNG exchanges
The fees for conversion from one cryptocurrency to another (Crypto-Crypto) and for trading the Young Token (YNG) remain unchanged, as shown in the table below.
Money Boxes
Your dedication to gradually growing your crypto portfolio is something we deeply admire. That is why we keep the fees for recurring piggy bank purchases unchanged, making regular savings worthwhile, even for small amounts.
Young Platform Pro
We revolutionised our commission model for Young Platform Pro from a fixed fee structure (0.2%) to a fully variable one for maker-and-taker trades. This innovation is designed to meet the needs of advanced traders, offering more favourable conditions for those trading with significant volumes.
The determination of the commission rate is based on a 30-day assessment period, during which commissions are calculated according to the trading volumes realised. The calculation is performed every day at 00:00 UTC. This implies that the adjustment of fees always occurs concerning the volumes traded in the previous thirty days.
Same Club, same benefits!
Enjoy club discounts on Young Platform and Young Platform Pro: the exact discount percentages will be applied to the new commission model.
Fee discounts are applied to all buy and sell orders. If these orders are executed on the Pro Platform, the discount is applied up to a maximum of €50,000 volume in the last 30 days. Standard buy and sell commissions will apply if the maximum is exceeded in this timeframe. These can be found on the Commissions and Prices page.
Unlocking Commission Discounts: More Ways to Save
Invite a Friend
Our ‘Invite a Friend’ programme is an unmissable opportunity to benefit from commission discounts. Inviting friends to join our platform, you both get a 10€ discount applicable on purchases, sales and conversions.
Joining a Club
Joining a club offers significant advantages on commissions and access to an exclusive package of discounts on additional services, allowing you to customise your experience in the crypto world according to your preferences.
N.B. fee discounts are applied to all buy and sell orders. If these orders are executed on the Pro Platform, the discount is applied up to a maximum of €50,000 volume in the last 30 days. Standard buy and sell commissions will apply if the maximum is exceeded in this timeframe. These can be found on the Commissions and Prices page.
