The Financial Times start giving predictions for 2014, including currency forecasts and even the winner of FIFA World Cup 2014!
Market Leader looked into some of the currency predictions. First of all, the experts working for the world-famous editions remind us that their predictions sometimes fail to come true. Still, most of their economic forecast came true in 2013, that is why they dared make more predictions for 2014.
First of all, they tried to made some predictions concerning crude oil prices. They expect oil to devalue below $100/ b on higher oil supply. Still, the Saudi Arabian Minister of Oil says this forecast is unlikely to manifest itself this year. He is convinced that a barrel of Brent oil will cost over $100/b in 2014.
Experts on Bitcoin, Euro and Dollar
When it comes to financial issues, the experts have considered the Bitcoin value in 2014. Not so long ago, 1 bitcoin cost over $1000. Still some analysts report that the value of Bitcoins will gradually decline and the process is already underway. According ot some calculations, the digital currency is currently losing 10% a day on average.
As of February 5th, 1 bitcoin costs $924,92. This is reported and confirmed by Optionova:
The experts underline that such volatility and instability may result in major difficulties connected with the turnover of bitcoins. The do not believe that the US Dollar may yield to Bitcoin. Still, Chinese investors and businessmen are promoting the idea of making Bitcoin a major currency. Still, the idea looks unpromising at this point.
Traders on EURUSD Prospects
As far as the currency market is concerned, it is always better to ask Masterforex-V Academy about the prospects. In particular, the local experts assume that assume that the Dollar may decline versus the common European currency in 2014. In particular, for the first time since 2011, EURUSD may rally up to 1,40 (the current rate is 1.3586):
