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Wednesday, 20 March 19:18 (GMT -05:00)



Foreign exchange market

Cryptocurrency Market Will Get Feverish By Mid February 2019


There is quite a lot of factors out there capable of influence the currency market in general, and cryptocurrency market in particular. In their turn, currency exchange rates can influence the entire world. At the same time, professional traders and investors take those exchange rates into account to avoid losses and make profits. At the same time, they don't mid taking expert opinions into account to be more accurate in their own predictions as well as the trading decisions based on them.
 
As usual, NordFX has come up with another weekly consensus forecast for some of the most traded major currency pairs. The methods and approaches the forecast is based on have proved to be highly efficient. With that being said, let's go ahead and take a closer look at it:
 
EUR/USD. After a week-long downtrend, most indicators have found themselves deep in the red zone. Still, around 25% of the oscillators on H4 and D1 indicate an oversold market. So, this may indicate that at least a strong recovery is coming, or even a trend reversal. The currency pair is likely to trade within the 1.1285-1.1400 range this trading week. Somewhere around late February is likely to find itself close to 1.1500, around the upper boundary of the mid-term channel. 
 
It's interesting to note that international experts are not in a hurry to make more specific predictions. They are equally split in half. One part of them think thatSome of them anticipate a rally, the others anticipate a move in the opposite direction, backed by the current uncertainty around the so-called Brexit ad the trade confrontation between the United States and China. 
 
At the same time, we should take into account some of the key economic and financial reports scheduled for the trading week. In particular, the GDP reports from Germany and the EU are scheduled for Thursday. The U.S. inflation and retail sales reports are scheduled for February 13th and 14th respectively. 
 
On top of that, Tuesday is the time when the Fed is to reveal their plans related to interest rate hikes. for now the level of recession expectations in the USA has increased all the way up to 20%. This leads us to belive that the Fed may postpone another interest rate hike until better times. At the same time, the ECB and BOE keep on mentioning some risks related to economic growth. These may result in monetary easing.
 
Given all of the info mentioned above, experts recommend considering stock purchases. The thing is that an economic slowdown amid cheap money may trigger a price rally in the stock market. By the way, if you are looking to benefit from stocks, we recommend considering portfolio investments with NordFX. Such portfolios include some of the most stable, reliable and promising stocks, allowing you to profit even during the times of decreased economic performance. 
 
GBP/USD. The GDP and inflation reports from the UK are scheduled to be released on Tuesday and Wednesday respectively. Experts anticipate a report indicating an economic slowdown in the UK. They GDP is expected to shrink by 0,6% against the previous reporting period and reach as little as 0,2%. Still, the Brexit, as well as all of the rumors related to it, is the key factor influencing the British Pound exchange rates.  
 
Some independent sources, including Bloomberg, report that some international companies have been actively loading up on the British Pound. On top of that, 60% of the experts participating in the consensus forecast predict a stronger pound. They expect GBP/USD to reach 1.3040, with a further move up by 80-100 points.
 
The remaining 40% anticipate a move at least down to 1.2830. As for the tech analysis part fo the forecast, it is controversial  - indicating a move down to 1.2830, followed by a move up to 1.3040.
 
USD/JPY. When it come to the Japanese Yen, most of the experts are neutral. The same holds true for the indicators. On the one hand, the situation has been influenced by a strengthening dollar against other majors. On the other hand, there is a higher risk of a global economic slowdown, coupled with a chance of the US-China trade conflict being escalated to a new level. The latter has been favoring a stronger yen as a safe-haven asset. The market has been controversial at best while trading within the 109.55-110.15 range.
 
BTC/USD. As for the crypto market, the market situation may change drastically after the full version of the SEC Commissioner Robert Jackson is released this week. The content may equally send the prices lower or higher.
 

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Anyways, the SEC still has a couple of months to make the final decision on the Bitcoin-ETF application. Over this period, many things may change. For now, the most likely scenario for Bitcoin is move within the $3,250-3,800 range, probably with a short-term move up to $4000 per coin. 
 

 

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Alpari Eurasia Joins Belarus Association of Financial Market Development

 In order to stay ahead of the rivals, forex companies have to keep on improving, introducing new products and services, innovating, expanding their presence in the global market. Alpari has reported about joining the Association of Financial Market Development in the Republic of Belarus. The decision was made on March 2019, given Alpari's significant contribution to the development and improvement of the local forex industry.

Publication date: 14 March 12:31 PM

NordFX Shares Forex and Cryptocurrency Forecasts for Mid-March 2019

The situation in forex, which is the international currency market, has always influenced many other fields of human life worldwide. In the meantime, traders and investors rely on accurate forex forecasts to earn money. That is why Market Leader keep on telling you about those weekly consensus forecasts, courtesy of NordFX. In particular, the local expert team has come up with another forecast based on the time-tested approach, which boils down to studying tons of related sources, expert opinions, as well as predictions made based on technical and graphical analysis.
Publication date: 11 March 11:13 AM

FxPro Conducts Professional Training for Forex Traders

Making money by trading Forex has been getting more and more popular with retail traders over the last few years. When done in a proper and consistent manner, those investments may generate profits in any economic situation, even during a crisis. But how can you become a successful trader?

Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 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: 03 March 11:09 AM

How Scams Exploit FxPro Reputation

Financial markets are not pure figures, reports, and charts. Any market implies human players in the first place. Unfortunately, not all of those people are kind and honest. Forex and its participants - traders, investors, and brokers - have always been subject to various kinds of manipulations and fraud. With that being said, a market participant can fall pray to scams an all kind of unfair play in the industry surrounding the international currency market.

Publication date: 02 March 01:10 AM

Brexit Won't Affect British Pound Just Yet, NordFX Experts Say

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: 26 February 11:19 AM

NordFX Wins 3 Forex Awards

NordFx is reported to have become the winner in 3 nominations of the prestigious Forex Awards.

 

Publication date: 22 February 02:55 AM

NordFX. Forex and Cryptocurrency Forecast. Early February 2019

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 February 4-8, 2019.

 

Publication date: 04 February 11:05 AM

Chinese New Year

Full amount of credited bonuses is available for withdrawal without any restrictions. All bonuses are credited as an additional balance transaction in the account history.


Publication date: 03 February 03:20 AM

Experts on Cryptocurrency Market Prospects

Over the last few years, Bitcoin has dropped in value considerably. International experts are trying to figure out how the market situation may change in the near future.

Publication date: 03 February 02:25 AM