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Wednesday, 22 May 10:37 (GMT -05:00)



Foreign exchange market

Crypto Market Sentiment Gets Better, FortFS Reports


Given the fact that crypto assets are relatively new, volatile, and promising, international experts have been increasingly interested in everything that's been going on in the international cryptocurrency market over the last few years. FortFS experts decided to dive deeper into the current market situation and evaluate last week's key events, which are also expected to influence the market in the near future.
 
The past trading week is said to have been interesting and positive for the entire cryptocurrency market. Slowly but surely, the crypto market is getting alive once again, with more investors joining in all over the world. On Tuesday, major cryptocurrencies showed moderate growth - up to 5 points. Even tough some of the coins managed to set new local highs, they eventually failed to consolidate at those levels and retraced a bit from those levels. 
 
At the same time, the price chart or the last 4 weeks leads us to make interesting conclusions. At this point, November stays a positive trading month, with Bitcoin and Ethereum clearly trading in the green zone.
 
On the other hand, even though some of the major coins are currently stronger than weeks ago, the overall cryptocurrency market cap has gained a lot over the same reporting period. On the contrary, if to belive the figures taken for the last few weeks, the market cap has shrunk by several billion dollars. Yesterday, it was some 213 billion dollars, with Bitcoin making up for 111 billion dollars. 
 
However, these are not the key points of interest for international experts. At this point they are trying to figure out how to treat the recent rally and the positive sentiment around it. Chances are, the reason is the info background around the crypto market. Over the last few weeks, the international community has been discussing the rumors about Bitcoin getting ready for its pre-Christmas rally.
 
Experts say that technically, we don't have a reason to expect a rally in the market of Bitcoin and Ethereum unless the price overcomes major levels of resistance located at 6700 USD/BTC and 220 USD/ETH respectively. Still, experts say that the current strengthening looks promising.

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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on May 20, 2019.


Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.

 

Publication date: 15 May 10:05 AM

U.S. Unemployment Rate Drops To Nearly 50-Year Low

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population.

Publication date: 13 May 11:22 AM

Six main components of Alpha Bonus from FortFS

From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!


Publication date: 13 May 01:40 AM

Bitcoin Reaches 5-Month High

The cryptocurrency has been maintaining a stable bullish trend. over the last few days, the market cap has exceeded 185 billion dollars. According to CoinMarketCap, the market cap used to be 179 billion dollars on Tuesday. Over the last few days, the cost of all the cryptocurrencies circulating in the global market has grow considerably. 

 
Publication date: 27 April 10:24 AM

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