Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Thursday, 9 April 06:03 (GMT -05:00)



Foreign exchange market

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.

 
- EUR/USD. The statements from the Fed' representatives are going to get the biggest attention from international traders and investors. On Tuesday, May 21, the Fed Chairman is to make a speech at the annual conference dedicated to financial markets. In his report, he is definitely going to touch upon the key risks for the American financial system. The next day, the Fed's FOMC is to reveal their meeting minutes from the meeting that took place on May 1. Around 75% of the experts, backed by the majority of oscillators and all trending indicators on H4 and D1, anticipate a stronger dollar this week. They think EUR/USD will attempt to break below a major level of support around April's lows to drop down to 1.1100. and below.
 
At the same time, 15% of the oscillators indicate an oversold market.
 
- GBP/USD. It seems that the market is uncertain since they don't know what other surprises the Brexit has in store for them. At this point, it's unclear when Theresa May is planning to resign and which European political force wins the European parliamentary elections this time. Also, it's unclear what the 4th Brexit voting end up with. So, the uncertainty is building, which is clearly not in favor of the British Pound.
 
That said, most experts (around 60%) cannot may specific prediction regarding GBP/USD. The remaining amount of analysts are split - 20/20 - bull and bears respectively.
 
- USD/JPY. The first day of the week will bring us another Japanese GDP report. Experts assume there will be zero growth. If that's the case, this is going to be a bad signal for the Japanese Yen. This means a further rally for USD/JPY, probably up to 111.00. At this, this is the predition made by 50% of the experts. 30% of the experts expect a flat market within the 109.00-110.00 area. The remaining 20% say the yen will strengthen by reaching 108.
 
- the cryptocurrency market, despite the poor news background established on Friday, the bias still seems to be positive. The bulls hope that the current BTC/USD move down to 7000 dollars per coin is a correction, which bill be followed by another rally to new highs.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Dollar Regains Strength, NordFX Reports

Right before the start of another trading, 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 March 30th - April 3rd. So, this is what those predictions look like:

Publication date: 01 April 02:15 PM

Binance and Cryptocurrency Exchange

These days, Binance is a a giant in the world of cryptocurrency exchange. It wont' be an exaggeration to say that this is a Microsoft or a Mercedes in the world of cryptocurrencies. This is a major brand and a symbol of security for those investing in Bitcoin and other digital currencies.

Publication date: 29 March 11:24 PM

Dollar Becomes Safe-Haven Asset Amid COVID-19 Pandemic

Publication date: 22 March 07:48 AM

Fed Cuts Interest Rates. What Does It Mean For Bitcoin?

Publication date: 17 March 12:14 AM

Fed Cuts Interest Rates Again Amid COVID-19 Pandemic

The U.S. Federal Reserve, which can be considered the world's most influencial central bank, has been really serious about the COVID-19 pandemic going on around the world. For the first time in the history of the Federal Reserve, the central bank has done it twice within a couple of weeks. This time, the key interest rate was cut by 100 basis points, which brought it very close to zero. To be more specific, during the recent urgent FOMC meeting that took place on Sunday, March 15th, the FOMC members almost unanimously decided to cut the interest rated from 1,00-1,25% all the way down to 0,00--,25%.

Publication date: 16 March 07:57 AM

Coronavirus's Impact On Markets Intensifies, NordFX

The period when the coronavirus makes everyone stay at home can be seen as a perfect time for traders and investors to do some extra trading and investing. To help both rookies and seasoned traders and investors to navigate the markets and see the current tendencies much clearer, NordFX has come up with yet another weekly set of forecasts:

Publication date: 15 March 12:17 PM

France Recognizes Bitcoin

Publication date: 06 March 10:14 AM

TOP 5 Bitcoin Investors

Cryptocurrencies have offered really stunning moneymaking opportunities to a big number of people out there. This is due to the fact that getting started with investing in cryptocurrencies is relatively easy and affordable to pretty much anyone. Making money with cryptocurrencies is possible, which is confirmed by the world's leading Bitcoin investors. So, in today's article we are going to talk about the top 5 Bitcoin investors.
Publication date: 05 March 10:33 AM

BoJ To StaBilize Markets. Any Consequences For BTC?

Publication date: 05 March 09:21 AM

Trading Approaches, As Seen By Professionals

Each and every trader out there should choose the right trading approach that will suit them best. Trading experts say that are 6 trading approaches:

Publication date: 22 February 12:39 PM