Heroes of Ukraine

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

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



Foreign exchange market

Dollar Will Go Higher, FortFS


Given the current tension present in the international arena these days, more and more market players are closely watching the major currencies' exchange rates. In their analytic forecast, FortFS experts have named a few factors capable of affecting the U.S. Dollar. The exerts say that the index futures indicate a positive start for the American stock market.
 
Monday's trading session turned out to be negative for the stock market, mainly due to weak economic stats from China and poor industrial production stats from Europe. On Tuesday, the American indexes were ready for positive performance, backed by the news background. The good news is that the Chinese government is planning to do their best to back stronger economic growth. In particular, they are reported to be implementing various stimuli to back the national economy, which has been slowing down for a while, given the current trade limitations. 
 
The stimuli may include tax cuts for small business and refiners. On top of that, they are expected to support the local car manufacturing industry, coupled with higher public spending. Long story short, the news form China may well be called the key source of positiveness in the stock market seen over the last few days.
 
In the meantime, the Forex marker can see the dollar getting stronger within the scope of the current recovery. On Monday, the index gained 0,3% and reached 95.50. The common European currency moved down to the 1.1410-1.1420 area. Gold keeps on trading within a relatively narrow price range, which is 1285-1296.
 

Tech Analysis of EUR/USD based on Gann Swings and Price Action.

 

Daily chart. The bearish swing hasn't stopped in the 1.1443-1.1450 range, which means the downtrend is likely to go on, probably down to 1.1341, ForFS experts say.

H1 chart. Within the scope of a local price pattern, we can clearly see a downtrend. At this point, the currency pair is forming a trending swing, which is why selling is considered a good option only after the price is down with something that now seems to be a recovery attempt (probably, somewhere inside the 1.1448-1.1450 area).
 

 
The major scenario implies going down to 1.1400, with a following recovery to 1.1438-1.1450, which may well be the launchpad for another strong bearish swing to 1.1341.
The alternative scenario implies going down to 1.1341 right from the current levels.
 
Possible trading decisions:
Selling at 1.1438-1.1450, the goal is 1.1341.
Looking to buy around 1.1341.

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

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