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Friday, 18 January 13:40 (GMT -05:00)



Foreign exchange market

There's Nothing Wrong About Crypto-Market Downtrend, Ethereum Co-Founder Lubin Says


The ups and downs currently seen in the global market of digital currencies do not reflect the current state of affairs in the market, Joseph Lubin thinks. By the way, he is the founder of ConsenSys and a co-founder of Ethereum, the world's second-biggest cryptocurrency in terms of market cap. 
 
In particular, he thinks there's nothing wrong about the continuous ups and downs shown by cryptocurrency exchange rates on a daily basis. Moreover, such fluctuations are even good for the digital currency since they contribute to the improvement of the entire ecosystem.
 
Lubin is a realist. That's why he calls the rally seen in late 2017 a price bubble. Even more, according to his calculations, this is the 6th and biggest bubble in the global cryptocurrency market ever since it came into existence. There is another distinctive feature when it comes to the latest bubble. The thing is, unlike the previous bubbles, the market took the burst of the last one for granted and reacted in a relatively reserved way to this.
 
At this point, the cryptocurrency market is at its initial stage when the fundamental infrastructure is being created while we can see the market retrace amid increasing upward potential. even though the ups and downs are inevitable, Lubin thinks that there is strong correlation between the infrastructure and the value of cryptocurrencies.
 
As for the increased volatility, it's of purely speculative nature driven by traders and investors. That's why the current downtrend doesn't imply any problems with the cryptocurrency infrastructure.
 
His words are backed by the market behavior. On August 14th, Ethereum dropped down to 251 dollars, the lowest price level since SEptember 2017. The next day, the exchange rate increased all the way up to 286 dollars, NordFX reports.

 

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NordFX Names Key Events for Forex and Cryptocurrency Markets

NordFX is back with their weekly consensus forecast for the week. We must confess that the forecast based on a number of technical indicators and expert opinions have been really efficient in predicting future market behaviors. With that being said, this is an overview of the recent forecast made for the current trading week, which is January 14-18, 2019.
Publication date: 15 January 09:34 AM

NordFX Sums Up On 2018 and Makes Predictions About 2019

Summing up and making predictions for the next year has become a good tradition at the end of each year. According to NordFX expert John Gordon, Deutsche Bank summed up on the results of its work in 2018. The actual result turned out to be a loss. In particular, it turned out that around 93% of all the assets owned by the bank have depreciated as opposed to that value in January 2018. This is the worst financial performance in 118 years! 2018 beat even 1920 when 84% of the assets decreased in value.
Publication date: 02 January 04:08 AM

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?

 
Publication date: 25 December 09:44 AM

Christmas Fairy Tale by FortFS

FortFS has been now for its promos and bonuses for years. Christmas and New Year are coming. This means that it's time for new pleasant surprises. With that being said, FortFS wants to congratulate all of its existing and future clients and wishes them Merry Christmas and happy New Year. To celebrate together, FortFS has announced a new promo. It's called "CHRISTMAS FAIRY TALE".

Publication date: 18 December 12:52 PM

Bitcoin Will Decline, Dollar Will Grow, NordFX Predicts

Whether we are aware of this or not, currency exchange rates have been affecting our lives for decades. However, more and more retail traders and investors are now getting increasingly interested in financial markets in general and Forex in particular. or the most part, all of those changes in exchange rates are they key factors determining their financial results at the end of the day.
 
Publication date: 17 December 12:29 PM

Weekly Forex and Crypto Forecast By NordFX. December 10-14, 2018.

The actual value of each and every currency put there is the result of many factors influencing the global market. In their turn, currency exchange rates affect many other processes out there. With that being said, considering a number of opinions expressed by experts can help traders and investors make better decision leading to increased financial performance.
Publication date: 10 December 11:19 AM

NordFX Introduced New Trading Solutions At Traders Fair-2018

Publication date: 09 December 04:56 AM

Crypto Traders Expect Growth, NordFX

The balance of powers in the Forex market depends on a number of factors. Getting familiar with an unbiased forecast helps market players figure out what to do next and what to expect in the market. Such information hits an the most probable market scenarios that may manifest themselves in the near future, which in its turn may give them a decent opportunity to increase the potential profit.
Publication date: 03 December 12:17 PM

NordFX Expects Cryptocurrencies and Euro to Go Further Down

The relation between 2 currencies at a certain point of time is the result of the market being simultaneously influenced by a whole lot of various factor of various impact and origin. Currency exchange rates, in their turns, affect man other processes meaningful for the majority of people in all parts of the world.
Publication date: 26 November 01:30 PM

Deposit bonus 120% - FortFS

FortFS is improving the conditions of deposit bonus! The bonus is increased to 120% from 50%: during this limited time you can receive x2,4 of the deposit amount.

Publication date: 25 November 11:39 AM