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Sunday, 24 March 04:52 (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.

 

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Alpari Eurasia Joins Belarus Association of Financial Market Development

 In order to stay ahead of the rivals, forex companies have to keep on improving, introducing new products and services, innovating, expanding their presence in the global market. Alpari has reported about joining the Association of Financial Market Development in the Republic of Belarus. The decision was made on March 2019, given Alpari's significant contribution to the development and improvement of the local forex industry.

Publication date: 14 March 12:31 PM

NordFX Shares Forex and Cryptocurrency Forecasts for Mid-March 2019

The situation in forex, which is the international currency market, has always influenced many other fields of human life worldwide. In the meantime, traders and investors rely on accurate forex forecasts to earn money. That is why Market Leader keep on telling you about those weekly consensus forecasts, courtesy of NordFX. In particular, the local expert team has come up with another forecast based on the time-tested approach, which boils down to studying tons of related sources, expert opinions, as well as predictions made based on technical and graphical analysis.
Publication date: 11 March 11:13 AM

FxPro Conducts Professional Training for Forex Traders

Making money by trading Forex has been getting more and more popular with retail traders over the last few years. When done in a proper and consistent manner, those investments may generate profits in any economic situation, even during a crisis. But how can you become a successful trader?

Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

 The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 03 March 11:09 AM

How Scams Exploit FxPro Reputation

Financial markets are not pure figures, reports, and charts. Any market implies human players in the first place. Unfortunately, not all of those people are kind and honest. Forex and its participants - traders, investors, and brokers - have always been subject to various kinds of manipulations and fraud. With that being said, a market participant can fall pray to scams an all kind of unfair play in the industry surrounding the international currency market.

Publication date: 02 March 01:10 AM

Brexit Won't Affect British Pound Just Yet, NordFX Experts Say

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 26 February 11:19 AM

NordFX Wins 3 Forex Awards

NordFx is reported to have become the winner in 3 nominations of the prestigious Forex Awards.

 

Publication date: 22 February 02:55 AM

Cryptocurrency Market Will Get Feverish By Mid February 2019

There is quite a lot of factors out there capable of influence the currency market in general, and cryptocurrency market in particular. In their turn, currency exchange rates can influence the entire world. At the same time, professional traders and investors take those exchange rates into account to avoid losses and make profits. At the same time, they don't mid taking expert opinions into account to be more accurate in their own predictions as well as the trading decisions based on them.

Publication date: 11 February 10:36 AM

NordFX. Forex and Cryptocurrency Forecast. Early February 2019

NordFX is back with their weekly consensus forecast for the week. We must confess that the forecast based on a number of technical indicators and expert opinions have been really efficient in predicting future market behaviors. With that being said, this is an overview of the recent forecast made for the current trading week, which is February 4-8, 2019.

 

Publication date: 04 February 11:05 AM

Chinese New Year

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Publication date: 03 February 03:20 AM