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Monday, 19 August 02:02 (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.

 

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Forex and Cryptocurrency Forecast by NordFX. Mid-August 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 August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM

Dollar Rate Is Close To 2-Month Highs

The U.S. Dollar is trading around Friday's high while the basket of 6 major currencies is on its way to the second profitable week, waiting for another GDP report from the USA. The dollar rate support a wider spread between the German and American bonds yields.

Publication date: 28 July 08:28 AM

1 Million Dollars For Bitcoin - John McAfee Confirms The Forecast

If someone has been enjoying the BTC rally going on sine early April, today you are probably not that exited about the market conditions since the bears seem to be getting stronger. The BTC exchange rate has dropped and is not trading around $10000 per coin, Market Leader reports.

Publication date: 19 July 04:07 AM

NYSE Launches Slack Technologies' IPO

Publication date: 22 June 05:58 AM

Masterforex-V Names 135 Most Popular Forex Brokers 2019

When trying to increase the amount of new clients, many brokers start massive ad campaigns online. Most of the time, you can see or hear those brokers call themselves the leading players in the industry, the best of the best, which is obviously not true because all of them cannot be as good as they claim to be. This actually makes it really difficult for the common trader or investor to make up their mind when choosing the next broker to go with.

Publication date: 12 June 08:22 PM

NordFX Products and Services Praised at the Philippines Traders' Fair

  The brokerage company NordFX took part in the specialized Forex Traders' Fair-2019 which was held in the capital of the Philippines, Manila, at the end of May.

 

Publication date: 01 June 05:52 AM