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Thursday, 20 February 02:11 (GMT -05:00)



Foreign exchange market

Dollar Grows Versus Euro. BTC Is At $9000. Trump And His 'Deal Of The Century'.


It seems that the Chinese coronavirus is gradually becoming the biggest driver in financial markets. At the same time, Donald Trump has recently announced another version of his peace plan for the Middle East. If this agreement manifests itself, then you may expect major changes in exchange rates.
 

The Agreement of the Century

 

Today, Donald Trump has announced his peace plan for the Middle East. The plan is called the Deal of the Century. The problem is, desite the name of the deal, it cannot be fulfilled. Initially the Palestinians rejected this plan but President Trump is sure that they will change their mind. So, he is advertising his plan without revealing its details. However, if this agreement is a success for some reason, this is going to be a strong market signal and a major advantage for Trump's team in the forthcoming presidential elections this year. With that being said, the markets are optimistic and the dollar is close to reaching major local highs.
 

Bitcoin and Fear

 

The current market uncertainty means that non-conventional assets start growing in value. Cryptocurrencies are some of them. International investors keep on loading up on them to diversify their portfolios and to secure their investments against geopolitical shocks, like the one we could recently see in the Middle East. As a result, despite the fact that Bitcoin used to fluctuate close to 7000 dollars per coin in December 2019, now it's gone all the way up to 9000 dollars per coin.
 

Dollar's Still Strong

 

Yesterday, after weaker-then-expected stats from Germany, the U.S. economic reports didn't come in impressive as well. Germany's IFO turned out to be weaker than expected but still promising compared to some of the previous months. As for the USA, we learned about the amount of new home sales, which turned out to be the same as a month ago despite slightly bigger expectations. Still, it should be noted that all of those news releases coming from the U.S. property market are not as powerful as they used to be. As a result, this didn't prevent the dollar from coming close to the 1.10 threshold the next day.
 

 

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Forex and Cryptocurrency Predictions by NordFX. January 27th-31st, 2020.

Right before the start of the last last trading week of January, 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 January 27th-31st. So, this is what those predictions look like:
Publication date: 26 January 12:18 PM

Bitcoin, Gold, and Crude Oil. Cryptocurrencies' Place Among Conventional Assets.

Can Bitcoin be called a safe-haven asset? This cryptocurrency is called the new gold or the digital gold, but many investors are really skeptical about these statements.

Publication date: 26 January 06:08 AM

Forex and Cryptocurrency Forecasts for mid-January 2019

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. The forecast is actual for the period of January 13th through 17th, 2020. As a result, we get the following picture:

Publication date: 12 January 04:29 AM

EUR/USD Waiting For Events

The year of 2019 is almost over. So, what are the expert predictions for the forthcoming trading week? NordFX has come up with another set of market forecasts for December 16th-20th. So, without further ado, let's go ahead and take a closer look at them.

Publication date: 15 December 04:50 AM

Best Cryptocurrency Brokers Are Named

There's no denial the fact that cryptocurrencies are getting more and more popular these days. Apparently, the need for cryptocurrency exchanges is growing with them. With that being said, international experts have tested dozens of cryptocurrency exchanges to come up with a rating.

Publication date: 29 November 11:45 PM

Forex Treasure by Alpari: 20% on Deposit

These days, you cannot make a decent amount of money by simply depositing your money into a bank account and waiting for the interest to be credited to your account at the end of the investment period. When it comes to the dollar and other foreign currencies, international banks usually offer single-digit interest rates, somewhere around 3% or so. Some national banks had to introduce negative interest rates, which made depositing unprofitable right off the bat.

Publication date: 29 November 12:51 AM

Bitcoin Futures Are Now Traded On NYSE

The world's biggest stock exchange, which is the New York Stock Exchange (NYSE), is reported to have started offering Bitcoin futures.

Publication date: 27 October 09:51 AM

"Forex Is A Scam" and Other Popular Myths About Forex

Almost each and every beginning forex trader who lost their money while trading forex thinks they have been scammed for money. Very few of them can actually face the truth and take a look at the situation at a different angle. Strange as it may seem, But such traders eventually succeed in financial markets and get rich trading them. Well, if you think for a while, that becomes quite obvious because such people aren't afraid of analysing the negative situation and drawing the right conclusions to avoid repeating those costly mistakes in the future. Those who learn from their own mistakes instead of repeating them over and over again, can eventually succeed in this business.

Publication date: 24 October 09:37 AM

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