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Wednesday, 20 March 12:06 (GMT -05:00)



Foreign exchange market

Crude Oil Market Keeps On Crashing


Like a week ago, oil prices have dropped by 7% once again. Now traders are afraid of another major downtrend seen in 2014, when crude oil depreciated  by 33% over November and December. International experts say this scenario is extremely probable.
 
According to NordFX experts, Brent oil futures depreciated by $3,77 (-6,6%) and closed at $62,53/b. At the same time, WTI oil futures depreciated by $4,26 (-6,4%) and closed at $53,43/b. Then brent oil dropped down to $61,71/b, which is the lowest price level since December 2017. All in all, Brent and WTI oils have already depreciated by 28% and 30% respectively since October. 
 

Investors Reduce Exposure To Risky Assets

 

Now it seems like the current downtrend is caused by the fact that international investors have been reducing their exposure to risky assets, with crude oil clearly being one of those assets. Experts say investors are trying to get rid of stocks in the first place. This is basically why U.S. stock indexes have dropped 1.7-2.2%. In particular, Dow Jones and S&P are currently 1% below the level seen in early 2018. With that being said, the last 2 months has been a challenging time for the U.S. stock market.
 
Investors are now taking into account a possible interest rate hike coupled with poorer corporate earnings figures. This is one of the consequences of the current trade war between the United States and China. America's biggest tech companies (the so-called FAANG, which stands for Facebook, Apple, Amazon, Netflix, Google) have already seen their stocks drop in value by almost 1 trillion dollars total.
 
So, financial markets seem to be struggling all over the world. For now we know that in October alone, the global stock market lost a stunning 8 trillion dollars. The reason is fears. International players are afraid of another global economic slowdown.
 
Some experts believe that a 8-9% drop in the stock market indicates problems in the global economy. At the same time, the players are adjusting their short-term predictions to lower them.
 
On Tuesday, oil prices reacted to Donald Trump's statement related to the relations between the United States and Saudi Arabia. He gave everyone to understand that Saudi Arabia will remain one of America's partners. This sent oil prices lower. The thing is that previously, international market players used to expect tensions in the bilateral relations between the two states. Those risks pushed the prices higher. Now that the tensions aren't expected anymore, the prices returned back.
 
Still, investors are worried about the future. More and more investors start expressing their concerns about the likelihood of another oil market crash like the one that happened in 2014.
 
As you probably know, 4 years ago the entire market used to get ready for the OPEC's decision to shrink their oil production. Such a step would support oil prices. Back then, after the disappointing OPEC summit, the price dropped by 10%. Over the next 4 week, the market lost 25%. In 2015, the prices dove below $40/b.
 

 

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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

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.

Publication date: 11 February 10:36 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

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Publication date: 03 February 03:20 AM