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Wednesday, 27 May 02:14 (GMT -05:00)



Foreign exchange market

Alpari Eurasia Joins Belarus Association of Financial Market Development


Along with other members of the Association, Alpari Eurasia will continue improving Belarus's forex market in 2019 by creating favorable conditions and introducing innovative products and services within the scope of an improving environment. Special attention is expected to be paid to founding a self-regulatory organization, which is an authority dealing with analysing the quality of the products and services provided by the local forex companies, making recommendations and orders, developing regulatory docs, rules and regulations.
 
Alpari's work is aimed at creating a transparent, efficient, and regulated forex environment in Belarus and other countries Alpari is present in. Alexey Sidorov, chairman of the Association, is sure that Alpari will hep the forex market in Belarus to get to a whole-new level. 
 
Alpari was one of those forex brands who pioneered the regulatory foundation of the Belarusian forex market. It's interesting to note that the CEO of Alpari's official partner and distributor in Minsk was appointed head of the Association's first department created in 2013.
 
The Association cooperated with the Bational Bank of the Republic of Belarus to come up with the standards and regulations for the Belarusian forex industry to secure traders and investors. Since 2016, the market has been officialy regulated, with Alpari Eurasia, which is a part of the Alpari brand, was the first company to be recognized and regulated by the NBRB. 
 
According to Evgeny Novik, when it comes to the Belarusian jurisdiction of the international FX market, this can be called the golden medium since the client is protected, the business has been getting profitable and growing fast, with new jobs created on a regular basis.
 
For now, the Belarusian jurisdiction cannot be called huge. It counts only 11,500 clients but the number has ben growing fast over the last few years. They are also planning to accelerate the process of transfering clients from other jurisdictions, including offshore ones. The thing is that the Belarusian jurisdiction has been getting more and more attractive for local traders and investors and for their peers from the CIS and EU. In 2018 alone, the amount of clients from Ukraine, Kazakhstan, Lithuania and Russia increased by nearly 80%.
 
The attractiveness of the Belarusian forex jurisdiction owes to the multi-level security and safety of client funds, including a backup fund with over 1 million dollars in it, not to mention remote identity verification and tax deductions.
 
At the same time, Alpari is planning to arrange a series of events to improve the population's financial literacy in each and every market the company presents in. including Belarus. At this point, you can go to https://www.alpari.by/ and watch free online courses teaching you the peculiarities of trading financial markets. 
 
At the same time, Alpari has been supporting third-party initiatives and cooperating with Belarusian mass media. At this point, Alpari is one of the most recognized and popular forex brands in Belarus.

 

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Forex and Cryptocurrencies Forecasts. End of May 2020.

Right before the start of the last trading week of May, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is May 25th - 29th. So, this is what those predictions look like:
Publication date: 24 May 01:41 PM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Publication date: 25 April 11:54 AM

Bitcoin Grows. EOS May Lead The Market Thanks To Blockchain

Bitcoin gained a good momentum along with the rest of the cryptocurrency market after good news from China. However, EOS may become the locomotive of the movement.

Publication date: 22 April 01:54 AM

DNB's Open For CBDC

De Nederlandsche Bank (DNB), the central bank of the Netherlands, is reported to be open for the CBDC of the ECB. CBDC stands for central bank digital currency. This was officially backed by a 45-page report released on April 21st. With that being said, DNB is ready to play one of the key roles in adopting digital currencies by the global banking system.

Publication date: 22 April 12:47 AM

Bad Economic Figures From USA. Wall Street Reacts.

This time, we are dealing with a peculiar situation. In particular, now that we are facing truly bad figures, the market reaches to them not the way we expected. When it comes to fighting the COVID-19 pandemic, there's almost no positive progress. That's is why international investors are now trying to find some good news in the economic field. Can we actually see some improvements?

Publication date: 02 April 04:04 AM

Dollar Regains Strength, NordFX Reports

Right before the start of another trading, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is March 30th - April 3rd. So, this is what those predictions look like:

Publication date: 01 April 02:15 PM

Binance and Cryptocurrency Exchange

These days, Binance is a a giant in the world of cryptocurrency exchange. It wont' be an exaggeration to say that this is a Microsoft or a Mercedes in the world of cryptocurrencies. This is a major brand and a symbol of security for those investing in Bitcoin and other digital currencies.

Publication date: 29 March 11:24 PM

Dollar Becomes Safe-Haven Asset Amid COVID-19 Pandemic

Publication date: 22 March 07:48 AM

Fed Cuts Interest Rates. What Does It Mean For Bitcoin?

Publication date: 17 March 12:14 AM

Fed Cuts Interest Rates Again Amid COVID-19 Pandemic

The U.S. Federal Reserve, which can be considered the world's most influencial central bank, has been really serious about the COVID-19 pandemic going on around the world. For the first time in the history of the Federal Reserve, the central bank has done it twice within a couple of weeks. This time, the key interest rate was cut by 100 basis points, which brought it very close to zero. To be more specific, during the recent urgent FOMC meeting that took place on Sunday, March 15th, the FOMC members almost unanimously decided to cut the interest rated from 1,00-1,25% all the way down to 0,00--,25%.

Publication date: 16 March 07:57 AM