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Wednesday, 19 December 21:33 (GMT -05:00)



Foreign exchange market

Dollar Will Rise, Crypt Market Will Stay Flat, NordFX Experts Predict


Contemporary methods of market analysis make it posible to make define the most probable scenarios and to make really accurate predictions, with a really high probability of coming true. Needless to say that such info is priceless for traders and investors seeking to reduce their risks and earn money from financial markets. 
 
ForFX analyst Roman Bytko provided his overview of the recent market events as well as the most likely scenarios for the near future. For starters he offers to recollect the key points of the previous weekly forecast. 
 
While applying the same approach to analysing the market, the experts made up the same predition for the current trading week. They collected and studied the predictions made by a group of respected experts in the field, each of them basing their predictions on various methods of technical and fundamental analysis. As a result, they came up with the following consensus forest for the week:
 
As for EURUSD, 70% of the experts assume that the Fed's interest rate decision is going to affect the market for a while. The statement seems to be contributing to a stronger dollar, which is why they expect EURUSD to break below this year's low around 1.1300 and reach the 1.1200-1.1250 area in case of controversial economic data coming from the EU amid positive economic stats from the USA. This prediction is also backed by the current situation seen on the H4 chart of EURUSD, which most of the trending indicators and oscillators indicating growth. Still, some of the oscillators do indicate an oversold market, which means we are likely to see a timeout in the downtrend of EURUSD.
 

EURUSD

 
However, 30% of the experts expect the market to reverse and rally. They assume that the dollar is overpriced, which is why they anticipate a move to the 1.1435-1.1525 area in the near future. Still, they urge everyone to pay attention to the forthcoming GDP stats from the Eurozone as well as the inflation figures from the the United States. The releases are scheduled for Wednesday and Thursday respectively. Friday is the day when the Eurozone is planning to publish their inflation stats.
 
As for GDPUSD, there are some major news releases for the UK planned for the trading week. On Tuesday, they are going to publish the employment figures. The CPI figures are scheduled for Wednesday. They expect the inflation in grow by 0,1% over the reporting period. The higher the inflation goes, the biger the chances that we are going to see another interest rate hike by the Bank of England. 
 
For now 55% of the experts, together with the technical analysis of the H4 GBPUSD chart, are bearish on the currency pair. the next targets are 1.2850 and 1.2810. Their adversaries anticipate a rally up to 1.3150, 1.3175, and 1.3235, if the price overcomes the 1.3040 resistance level.
 
As for USDJPY, most of the experts, and the tech analysis, are bullish and expecting a move to 114.55 and 115.40. It should also be noted that some oscillators are showing divergence with the the price.
 
As for the major cryptocurrencies, they are still sensitive about the incoming news. On the other hand, the market has built an pretty strong immune system against fake news, which is why the experts don't expect a major price move in the market this week.
 
the upward potential is now capped due to the stapes taken by a range of international financial regulators like the SEC. They say that the fines imposed on Zakhari Kobern are just the first fines in the series for forthcoming measures. In the near future, the regulators may impose sanctions on a range of major crypto exchanges. 
 
At the same time, none of the major payers in the crypto market is interested in a market crash. As always, the  major level of support is determined by the level at which mining the coin is still profitable. If the coin comes close to this level, others start loading up on the coin, thereby pusing the prices higher again.

 

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Christmas Fairy Tale by FortFS

FortFS has been now for its promos and bonuses for years. Christmas and New Year are coming. This means that it's time for new pleasant surprises. With that being said, FortFS wants to congratulate all of its existing and future clients and wishes them Merry Christmas and happy New Year. To celebrate together, FortFS has announced a new promo. It's called "CHRISTMAS FAIRY TALE".

Publication date: 18 December 12:52 PM

Bitcoin Will Decline, Dollar Will Grow, NordFX Predicts

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Publication date: 17 December 12:29 PM

Weekly Forex and Crypto Forecast By NordFX. December 10-14, 2018.

The actual value of each and every currency put there is the result of many factors influencing the global market. In their turn, currency exchange rates affect many other processes out there. With that being said, considering a number of opinions expressed by experts can help traders and investors make better decision leading to increased financial performance.
Publication date: 10 December 11:19 AM

NordFX Introduced New Trading Solutions At Traders Fair-2018

Publication date: 09 December 04:56 AM

Crypto Traders Expect Growth, NordFX

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Publication date: 03 December 12:17 PM

NordFX Expects Cryptocurrencies and Euro to Go Further Down

The relation between 2 currencies at a certain point of time is the result of the market being simultaneously influenced by a whole lot of various factor of various impact and origin. Currency exchange rates, in their turns, affect man other processes meaningful for the majority of people in all parts of the world.
Publication date: 26 November 01:30 PM

Deposit bonus 120% - FortFS

FortFS is improving the conditions of deposit bonus! The bonus is increased to 120% from 50%: during this limited time you can receive x2,4 of the deposit amount.

Publication date: 25 November 11:39 AM

Crude Oil Market Keeps On Crashing

Like a week ago, oil prices have dropped by 7% once again. Now traders are afraid of another major downtrend seen in 2014, when crude oil depreciated  by 33% over November and December. International experts say this scenario is extremely probable.
Publication date: 25 November 03:32 AM

Iran Circumvents U.S. Sanctions with Cryptocurrencies

FinCEN came up with new recommendations. The document contains interesting points, including the thing that Iran abuses cryptocurrencies, thereby jeopardizing the entire global financial system. In particular, the document claims that Iranian citizens make BTC transactions to the amount of around 4 million dollars, yet those transactions are are claimed to be indented for criminal purposes. At the same time, FinCEN claims that Iran uses digital currencies to circumvent Western sanctions.
Publication date: 22 November 01:02 PM

FortFS Launches Welcome Bonus 75 USD

A forex broker named FortFS has launched anothr promo. Thìs time ], the broker is offering a decent welcome bonus to the amount of 75 dollars. Basically, that's why it's called "Welcome Bonus 75 USD". The promo is going to last until November 23, 2018. This means that you still have quite a lot fo time to make your decision and join one of the best FX brokers out there.

Publication date: 17 November 05:24 AM