Heroes of Ukraine

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

Wednesday, 22 May 11:27 (GMT -05:00)

Foreign exchange market

Bitcoin and Euro Will Likely Go Down, NordFX

It's not a secret that currency exchange rate have been playing a key role in our lives for decades. In particular, those exchange rate determine inflation rates, consumer prices, and so much more. What is awaiting the international currency market this trading week?

NordFX experts offer you their vision of the situation based on the recently-made consensus forecast. So, this week, the economic situation around the globe - including the decisions made by the OPEC and international central banks - is not the only thing to keep in mind this week when analyzing financial markets. The thing is that it's Christmas, which is followed by New Year. This is the time when many traders and investors reduce their exposure to the market and go on vacation.
Anyways, when it comes to EUR/USD, 40% of the experts participating in the consensus forecast anticipate a bearish market. The shares of those who are neutral and bullish on the currency pair are now 30% each. As soon as the vacations are over, the currency pair is most likely to go down even faster - this is what 60% of the experts expect. The remaining share is equally distributed between those who expect a flat market and those who anticipate growth - 20% each.
With that being said, if the market actually goes down, the price is probably going to head for 1.1300, 1.1265, and 1.1215. If those support levels are broken, the price is likely to get even deeper own to 1.1120, and even 1.0910. On the other hand, if the price breaks above 1.1525-1.1625, the next bullish targets are going to be somewhere around the 1.1730-1.1815 area.
As for GBR/USD, 60% of the experts are bullish on the U.S. Dollar against the British Pound, which means they expect a downtrend in the market of GBR/USD.
When it comes to the Japanese Yen, most of the experts are inclined to expect USD/JPY to hit the bottom and reverse. The closest target is 112.30. 10% of them anticipate a flat market. The rest of them are bearish.
And finally, speaking about the cryptocurrency market, they anticipate a further downtrend. As for last week's rally, the experts call it a short-term phenomenon of purely speculative nature. In particular, they don't deny the likelihood of Bitcoin going down to $2,5-2,7K per coin. This prediction is backed by 70% of the experts.


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 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

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population.

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