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Tuesday, 21 May 00:28 (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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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 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 May 20, 2019.


Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.

 

Publication date: 15 May 10:05 AM

U.S. Unemployment Rate Drops To Nearly 50-Year Low

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Publication date: 13 May 11:22 AM

Six main components of Alpha Bonus from FortFS

From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!


Publication date: 13 May 01:40 AM

Bitcoin Reaches 5-Month High

The cryptocurrency has been maintaining a stable bullish trend. over the last few days, the market cap has exceeded 185 billion dollars. According to CoinMarketCap, the market cap used to be 179 billion dollars on Tuesday. Over the last few days, the cost of all the cryptocurrencies circulating in the global market has grow considerably. 

 
Publication date: 27 April 10:24 AM

ETH's At Local Highs: What's In For Ethereum And ICO?

Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?

Publication date: 17 April 10:42 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 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: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.

Publication date: 09 April 11:01 AM