Heroes of Ukraine

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

Thursday, 23 May 07:51 (GMT -05:00)



Foreign exchange market

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019


Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.
 
NordFX experts has come up with another weekly consensus forecast for the forex and cryptocurrency markets. Frankly speaking, this is note the first time they publish forecast like that. Yet, they have proven to be quite efficient in prediction the market situation. So, without further ado, let's go ahead and take a look at the most recent forecast.
 
EUR/USD
 
On Wednesday, the ECB is to publish another internest rate decision. International experts assume that the key interest rate is likely to stay unchanged this time. However, chances are the regulator may also consider switching to a more aggressive policy when it comes to stimulating the national economy. With that being said, the ECB may well cut the rates or expand the QE program. The recent news releases have been contributing to higher investor interest in Europeans stocks amid decreasing interest in the common European currency.
 
On top of that, the Fed is expected to reveal its FOMC meeting minutes on Wednesday. The minutes will make it possible to evaluate the next move in terms of the central bank's monetary policy. In the meantime, the biggest factor pressing the the common European currency has been the uncertainty around the Brexit, which is something everyone is already fed up with. Probably, that the reason why 60% of the experts, backed by most indicators, are betting on a further downtrend in the EUR/USD market. The closest target below is 1.1175, the lowest level since March 7th. The next major level of support is located 60 points below the mentioned one.
 
The minority represented by 40% of the experts, backed by 20% of the indicators, are bullish and anticipating a move up tp 1.1255 and further up to 1.1300 and 1.1345.
 
GBP/USD
 
Most experts believe that the Brexit will definitely keep affecting the Euro, but when it comes to the British Pound, the forecast is quite the opposite. 65% of the experts anticipate a rally. The thing is that they expect the EC meeting to end up with extending the Brexit decision for a long period of time instead of letting the UK quit the EU without a major deal on April 12th. The forecast is backed by D1 indicators. They anticipate a move up to 1.3120, 1.3200 and 1.3265. 35% of the experts predict a dropdown to 1.2975, 1.2900 and 1.2830.
 
USD/JPY
 
Over the last few weeks, the currency pair has successfully come a long way from the very bottom of the mid-term channel represented by the 109.70-112.15 range all the way up to the upper border of the channel. The past trading week ended at 111.70. Most experts anticipate a test of 112.15.

График USDJPY

Some of they even think the exchange rate may reach 113.00. The others expect a move to 110.80.
 
BTC/USD
 
As for the cryptocurrency market, a sudden rally triggered tons of rumors. International experts are actively discussing t several interesting events. For example, the famous creator of Bitcoin nicknamed Satoshi Nakamoto has recently become active again. In particular, he re-activated his Bitcointalk account that ued to be inactive for many years. it's interesting to note that no one still knows the real person or people behind this name, even though there are many suppositions related to that.
 
A group of hackers thinks that this is Elon Mask. They claim that some of the biggest transactions (hundreds of millions of dollars worth) were made from Bel Air, Los Angeles. That's where Elon Mask lives.
 
As for the market predictions, 70% of the experts assume that Bitcoin will move in the 5000-5500 range within the next trading week. Some others do not denie a move down to 4800. The key level of resistance for now is 5100 dollars per coin.

 

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

 

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

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

ETH's At Local Highs: What's In For Ethereum And ICO?

Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?

Publication date: 17 April 10:42 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 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: 15 April 10:54 AM

Weekly USD, GBP, and EUR Forecasts by FortFS

Last week, almost all of the emerging currencies gained some value against the U.S. Dollar. On the contrary, the so-called G10 basket of currencies stayed withing a rather narrow price range against the dollar, with the New Zealand Dollar being the only exception (it devalued by 1% over the reporting period).
 
Publication date: 08 April 12:06 PM