Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Friday, 23 August 00:42 (GMT -05:00)



Foreign exchange market

Both Gold and Dollar Go Down in Advance of Fed Meeting


Interestingly enough, despite having a negative correlation, both the U.S. Dollar and gold started going down in value against other majors earlier today. International experts assume that there are several factors pressing down these assets.
 
One of the key of tem is believed to be the forthcoming Fed meeting scheduled for the next week. This meeting is going to be decisive for the interest rates since the Fed will consider the option of implementing another interest rate hike. This decision will definitely affect all the financial markets out there. With that said, more and more traders and investors are reducing their exposure to the market amid this uncertainty.
 
Earlier today, the Comex gold futures for April delivery lost $0,6 (0,04%) and dropped in value down to $1317,2/oz. At the same time, the common European currency increased in value against the U.S. Dollar (from 1,2305 to 1,2311). The American currency also lost a bit of its value against the Japanese Yen (from 106,34 down 105,92). The USD index, which reflects the exchange rate against a basket of 6 other major currencies, dropped by 0,06% down to 90,0 points.

as for the expected Fed interest rate hike, over 90% of the interviewed CME Group experts assume the Fed is going to increase the key interest rate up to 1,5-1,75%. If that’s the case, this is going to push the dollar higher and press gold further down. At the same time, international traders and investors are waiting for the new Fed chairman to comment on the Fed’s future policies.


there is another major factor creating concerns and pressing the assets further down. The Washington Post claims that Donald Trump is considering the option of dismissing his advisor for national security. Such major changes in the administration have been causing market panic in the global financial markets.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM

Dollar Rate Is Close To 2-Month Highs

The U.S. Dollar is trading around Friday's high while the basket of 6 major currencies is on its way to the second profitable week, waiting for another GDP report from the USA. The dollar rate support a wider spread between the German and American bonds yields.

Publication date: 28 July 08:28 AM

1 Million Dollars For Bitcoin - John McAfee Confirms The Forecast

If someone has been enjoying the BTC rally going on sine early April, today you are probably not that exited about the market conditions since the bears seem to be getting stronger. The BTC exchange rate has dropped and is not trading around $10000 per coin, Market Leader reports.

Publication date: 19 July 04:07 AM

NYSE Launches Slack Technologies' IPO

Publication date: 22 June 05:58 AM

Masterforex-V Names 135 Most Popular Forex Brokers 2019

When trying to increase the amount of new clients, many brokers start massive ad campaigns online. Most of the time, you can see or hear those brokers call themselves the leading players in the industry, the best of the best, which is obviously not true because all of them cannot be as good as they claim to be. This actually makes it really difficult for the common trader or investor to make up their mind when choosing the next broker to go with.

Publication date: 12 June 08:22 PM