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Wednesday, 23 October 07:57 (GMT -05:00)

Foreign exchange market

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, 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. So, this is what those predictions look like:
- EUR/USD. International investors are worried about the euro interest rate cuts by the ECB coupled with another round of quantitative easing. Also, it's unclear when the Fed is going to implement its interest rate cut. After Friday's speech by the Fed's Chairman, the currency pair made a sharp move in the upward direction. By, the way, this is where most technical indicators are looking right now. 70% of D1 indicators have turned green.
The oscillators are mostly red and gray. Only 10% of them are indicating an overbought market. Most (65%) experts a stronger dollar, with EUR/USD getting back to the 1.1025-1.1050 area, August's lows. The rest of the experts assume that the currency pair may well reach 1.1200-1.1250 and even an area 100 above it
- GBP/USD. According to international experts, the G7 summit is unlikely to reduce the likelihood of the hard Brexit scenario. Given this assumption, most fo the experts participating in the consensus forecast anticipate a further downtrend, with a move down to 1.2015, the lowest level since August, 12th. This scenario is backed by H4 and D1 indicators. The closest level of resistance is located around the 1.2280-1.2320 area, while the closest level of support is located around the 1.2180-1.2200 and 1.2075-1.2100 areas.
30% of the experts are still bullish on the currency pair. The thing is that they are anticipating good news related to the Brexit, which will eventually sent the currency pair higher, probably up to 1.2415-1.2520.
- USD/JPY. At the same time, 70% of the experts anticipate a stronger dollar against the yen. As you probably know, the Japanese Yen remains a popular safe-haven asset. However, some big-scale investors are currently closing their short trades and moving away from the yen to gold. The thing is that the Bank of Japan is planning to cut the key interest rate in the near future to make it drop form -0,1% to an even more negative value.
With that being said, the closest target is considered to  be the 106.20-106.70 area, with a further break and consolidation above 107.00. The remaining 30% of the experts are bearish on the currency pair, and their stand point is backed by 90% of the trending indicators located on D1. They assume that the the currency pair will probably try and hit the bottom at 105.00 and break below it to head for 104.60, which is the low of March 2018.
- Cryptocurrencies. The cryptomarket is still  being influenced by the same positive news background. In various countries all around the world, digital currencies are getting more and more popular. Various enthusiasts are predicting a strong rally for Bitcoin and some other altcoins, however they don't specify the exact time scope at this point.
Still, 70% of the experts are looking south at this point. They anticipate a move down to the $9000-$9500 area. However, they don't deny the opportunity that the price may rebound form this level and head for 12-20K per coin, if there are clear signals for that.


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Bitcoin Will Crash To $3000 Per Coin

In his latest YouTube video, a popular cryptocurrency expert named Alessio Rastani told his subscribers about the possibility of Bitcoin crashing all the way down to 3000 dollars per coin. So, is the BTC exchange rate really going to go that low in the near future? The expert started his review from evaluating the stock market sentiment cycle, which is a really significant part of market analysis. So, he did just that.

Publication date: 21 October 10:04 AM

Pound Will Drive Forex This Week

Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. As a result, we get the following picture:
Publication date: 21 October 12:15 AM

Dollar Will Keep Going Down, NordFX Experts Say

Right before the start of the last last trading  of this summer, 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 October 4th - 11th. So, this is what those predictions look like:
Publication date: 07 October 12:04 PM

Masterforex-V Names Worst Forex Brokers in September 2019

Masterforex-V Academy's rating of forex brokers gives you an unbiased and up-to-date picture of what's going on in the industry based on 20 criteria. One of the criteria is the amount and degree of the negative feedback provided by each broker's clients. In this article, we are going to dive deeper into the matter and find out which brokers turned out to be the worst ones in September and why.
Publication date: 03 October 05:21 AM

Bitcoin is only half-way down. Ethereum is stable.

The current state of affairs in the global cryptocurrency market leaves much to be desired. This is confirmed by a number of people who usually promote cryptocurrencies. John McAffee is clearly not one of them. He has always been very positive on the prospect of digital currencies. In particular, he believes that the BTC/USD exchange rate may eventually reach as much as 10 million dollars per coin. 
Publication date: 02 October 10:27 AM

Bitcoin Crash Causes Panic In Cryptocurrency Market

Bitcoin has crashed. Altcoins are bleeding. The panic is making things even worse for Bitcoin and other digital currencies out there. The worst case scenario provided by Masterforex-V Academy experts has finally manifested itself - a break below the bottom of the 9000-9400 range resulted in an instance crash by more than 15% just within a single trading session. In a matter of 12 hours the Bitcoin market lost 37 billion dollars of market capitalization.

Publication date: 25 September 11:10 PM

Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Bitcoin ETF Decision is Delayed by SEC

The SEC, the USA's chief financial regulator, decided to delay the Bitcoin ETF decision once again. If the ETF had received the green light, we would now see it trading on CBOE and NYSE Arca. However, the Securities and Exchange Commission decided to put on hold the decision on three ETFs: VanEck / SolidX (CBOE), Wilshire Phoenix, and Bitwise Asset Management (both related to NYSE Arca).
Publication date: 15 August 01:00 AM