Heroes of Ukraine

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

Sunday, 16 June 05:47 (GMT -05:00)



Foreign exchange market

Bitcoin and Euro Will Likely Go Down, NordFX


It's not a secret that currency exchange rate have been playing a key role in our lives for decades. In particular, those exchange rate determine inflation rates, consumer prices, and so much more. What is awaiting the international currency market this trading week?

 
NordFX experts offer you their vision of the situation based on the recently-made consensus forecast. So, this week, the economic situation around the globe - including the decisions made by the OPEC and international central banks - is not the only thing to keep in mind this week when analyzing financial markets. The thing is that it's Christmas, which is followed by New Year. This is the time when many traders and investors reduce their exposure to the market and go on vacation.
 
Anyways, when it comes to EUR/USD, 40% of the experts participating in the consensus forecast anticipate a bearish market. The shares of those who are neutral and bullish on the currency pair are now 30% each. As soon as the vacations are over, the currency pair is most likely to go down even faster - this is what 60% of the experts expect. The remaining share is equally distributed between those who expect a flat market and those who anticipate growth - 20% each.
 
With that being said, if the market actually goes down, the price is probably going to head for 1.1300, 1.1265, and 1.1215. If those support levels are broken, the price is likely to get even deeper own to 1.1120, and even 1.0910. On the other hand, if the price breaks above 1.1525-1.1625, the next bullish targets are going to be somewhere around the 1.1730-1.1815 area.
 
As for GBR/USD, 60% of the experts are bullish on the U.S. Dollar against the British Pound, which means they expect a downtrend in the market of GBR/USD.
 
 
When it comes to the Japanese Yen, most of the experts are inclined to expect USD/JPY to hit the bottom and reverse. The closest target is 112.30. 10% of them anticipate a flat market. The rest of them are bearish.
 
And finally, speaking about the cryptocurrency market, they anticipate a further downtrend. As for last week's rally, the experts call it a short-term phenomenon of purely speculative nature. In particular, they don't deny the likelihood of Bitcoin going down to $2,5-2,7K per coin. This prediction is backed by 70% of the experts.

 

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

 

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

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

Central Banks Cut Down On Their Dollar Reserves

Central banks all over the world are loading up on euros, yuans, and yens while getting rid of their dollar reserves. The IMF's report for the 4th quarter of 2018 confirms that. They say this has to do with the redistribution of currency reserves in the Russian Federation.

Publication date: 31 May 12:59 PM

Forex Forecast and Cryptocurrencies Forecast for May 27 - 31, 2019

Complaints and sometimes even moans have been heard everywhere in the last months about the low volatility of this pair. The same is true about last week, until the second half of Thursday, the maximum range of its fluctuations did not exceed 45 points.

Publication date: 27 May 04:51 AM

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.


Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.

 

Publication date: 15 May 10:05 AM

U.S. Unemployment Rate Drops To Nearly 50-Year Low

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population.

Publication date: 13 May 11:22 AM

Six main components of Alpha Bonus from FortFS

From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!


Publication date: 13 May 01:40 AM

Bitcoin Reaches 5-Month High

The cryptocurrency has been maintaining a stable bullish trend. over the last few days, the market cap has exceeded 185 billion dollars. According to CoinMarketCap, the market cap used to be 179 billion dollars on Tuesday. Over the last few days, the cost of all the cryptocurrencies circulating in the global market has grow considerably. 

 
Publication date: 27 April 10:24 AM