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Tuesday, 23 April 01:54 (GMT -05:00)



Foreign exchange market

Crypto Market Sentiment Gets Better, FortFS Reports


Given the fact that crypto assets are relatively new, volatile, and promising, international experts have been increasingly interested in everything that's been going on in the international cryptocurrency market over the last few years. FortFS experts decided to dive deeper into the current market situation and evaluate last week's key events, which are also expected to influence the market in the near future.
 
The past trading week is said to have been interesting and positive for the entire cryptocurrency market. Slowly but surely, the crypto market is getting alive once again, with more investors joining in all over the world. On Tuesday, major cryptocurrencies showed moderate growth - up to 5 points. Even tough some of the coins managed to set new local highs, they eventually failed to consolidate at those levels and retraced a bit from those levels. 
 
At the same time, the price chart or the last 4 weeks leads us to make interesting conclusions. At this point, November stays a positive trading month, with Bitcoin and Ethereum clearly trading in the green zone.
 
On the other hand, even though some of the major coins are currently stronger than weeks ago, the overall cryptocurrency market cap has gained a lot over the same reporting period. On the contrary, if to belive the figures taken for the last few weeks, the market cap has shrunk by several billion dollars. Yesterday, it was some 213 billion dollars, with Bitcoin making up for 111 billion dollars. 
 
However, these are not the key points of interest for international experts. At this point they are trying to figure out how to treat the recent rally and the positive sentiment around it. Chances are, the reason is the info background around the crypto market. Over the last few weeks, the international community has been discussing the rumors about Bitcoin getting ready for its pre-Christmas rally.
 
Experts say that technically, we don't have a reason to expect a rally in the market of Bitcoin and Ethereum unless the price overcomes major levels of resistance located at 6700 USD/BTC and 220 USD/ETH respectively. Still, experts say that the current strengthening looks promising.

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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

Weekly USD, GBP, and EUR Forecasts by FortFS

Last week, almost all of the emerging currencies gained some value against the U.S. Dollar. On the contrary, the so-called G10 basket of currencies stayed withing a rather narrow price range against the dollar, with the New Zealand Dollar being the only exception (it devalued by 1% over the reporting period).
 
Publication date: 08 April 12:06 PM

Near-Term Predictions for Russian Ruble by FortFS

On Monday, the Russian Ruble exchange rate increased by 0,9% up and reached 64 rubles per dollar. The Russian currency managed to regain a part of Friday's loss. Russian assets (currency and bonds) had gained support from a exposure reduction slowdown coupled with higher oil prices. 

Publication date: 03 April 10:16 AM

Billionaire Predicts Major Rally for Bitcoin

Michael Novogratz, a billionaire and investment banker, thinks that the Bitcoin exchange rate is going to skyrocket within the next 20 years. In particular, he believes that in two decades, the market cap of the world's first cryptocurrency will exceed the one of gold. For that, the BTC rate will have to increase by 10000% to reach 7,5 trillion dollars.

Publication date: 26 March 12:32 PM

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