Stan NordFX
Posts: 3
Joined: Sat Apr 27, 2019 3:07 pm

Nordfx broker: news, weekly Analytics

Sat Apr 27, 2019 6:30 pm

NordFX is an international broker which provides individual and corporate clients a full range of services for trading in the forex, stocs, gold, silver and cryptocurrency (at present, 14 crypto currency pairs are available, consisting of the most popular cryptocurrencies to the US dollar).

The company was founded in 2008. In all its endeavours NordFX maintains state of the art technologies and cutting-edge software, whilst constantly expanding the spectrum of financial instruments and services it offers. During its years of operation NordFX has seen over 1,200,000 accounts being opened by clients from over 100 countries. Investments in global stocks with high income and with capital protection up to 100%, and RAMM, the newest system for the automatic copying of trade signals with risk level control, are among services offered by NordFX.

NordFX is distinguished by minimal spreads, immediate order execution, and a leverage ratio up to 1:1000, which is available for all currency pairs and metals. Fixed margins for crypto pairs are indicated in the account specifications. Accounts, as well as funds deposit/withdrawal are available both in USD, and in Bitcoins and Ethereums.
  • Leverage of up to 1:1000 for all currency pairs and precious metals
  • Uses the world’s most popular trading platform MetaTader 4, and associated mobile applications
  • A minimal deposit of 10 USD
  • Minimum spreads starting at 0 points
  • Extremely fast order execution of just 0.5 seconds
  • Ease and simplicity of fund deposits/withdrawals (over 15 methods)
  • Accounts can be in USD, Bitcoins and Ethereums
The NordFX Partnership Programme has been named the ‘Best Affiliate Program 2016’ by Forex Awards.
  • Commissions of 10-12 USD per lot
  • 1st level partners get 10% of the commission of 2nd level partners
  • Instant commission crediting
  • The ability to withdraw commission funds of any amount at any time
  • Over 15,000 partner accounts globally
  • Full partner support, which includes financial aid, as well as assistance with organising promotions, trading contests and educational seminars.

Stan NordFX
Posts: 3
Joined: Sat Apr 27, 2019 3:07 pm

Re: Nordfx broker: news, weekly Analytics

Sat Apr 27, 2019 6:32 pm

Forex Forecast and Cryptocurrencies Forecast for April 29 - May 03, 2019
First, a review of last week’s events:

- EUR/USD. As said in the previous forecast, the euro has returned to the boundaries of the four-month downward channel. And 70% of the experts, supported by graphical analysis, considered that in such a situation, the European currency would continue to lose ground, dropping into the zone of the 2019 lows, 1.1175-1.1185. Expectations of strong economic statistics from the US were pushing the euro down for the whole week, confirming the validity of such a forecast. The pair even exceeded the “plan”, dropping to the level of 1.1110 by the middle of Friday, April 26.
The Released macroeconomic data did turn out to be quite positive. Orders for capital products rose from 0.1% to 1.3%, while the GDP increased by one percent compared to the previous quarter (3.2% compared to 2.2%). However, the market considered that the goals set had already been achieved. Positions were closed before the weekend, and after a slight correction, the pair set a final point at the level of 1.1147;

- GBP/USD. The forecast for this pair was also quite accurate. Recall that the overwhelming majority of experts (75%) had voted that the pair would be able to overcome the medium-term level of support in the area of 1.2975, after which it would rush to the zone of 1.2770-1.2830.
That is exactly what happened: on Tuesday, April 23, the pair broke through this support and abruptly went down. The week low was fixed at 1.2865, and the pair completed the five-day period at the level of 1.2915;

- USD/JPY. Analysts' opinions on the behavior of this pair last week were almost equally divided: a third voted for its growth, a third were for a fall, and a third for a continuation of the lateral movement. As sometimes happens, it was such a “blurred” forecast that turned out to be the most correct. At first, the pair moved in a very narrow side channel only 15 points wide. Then, the volatility gradually started to grow, and the pair rose to the level of 112.40, and then, probably due to the fall in the pair with the yuan (USD/CNY), the dollar slipped to the Japanese yen as well, touching a local bottom at 111.35. After that, the pair returned to the horizon 111.60, having lost about 30 points in a week;

- Cryptocurrencies. As has been said many times, the cryptocurrency movement is largely motivated by the news background. At the same time, 65% of experts believed that even with positive news, the BTC/USD would fail to break through the resistance of $5,500 in the near future. In case the news background gets worse, the bears would try to press the pair to support $4,600.
In general, this forecast can be considered correct. It was in the middle of the week that several attempts were made to consolidate above the upper boundary of this echelon, and the pair stayed around $5,650 for some time. However, after it became known on Thursday, April 25, that the State of New York Attorney's office accused the Bitfinex cryptocurrency exchange of hiding the disappearance of $850 million of corporate and client funds, the Bitcoin quotes flew down. On some exchanges, the BTC price dropped to $4,600, and at Bitfinex itself, the collapse was stopped at $5,065.
The exchange management completely denies any losses, stating that these funds have not been lost, but confiscated. And the exchange makes every effort to return them and intends to defend its good name in court. The final of this criminal story has yet to be learned. In the meantime, the pair quotes have returned to the level of the beginning of the week, to the $5,370 zone.
As for the major altcoins, after the collapse, unlike Bitcoin, they were not able to fully restore the lost positions. Ethereum (ETH/USD) lost about 9.5% during the week, Litecoin (LTC/USD) fell by 11.0%, and Ripple (XRP/USD) lost about the same amount (10.4%).


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. The relatively good performance of the US economy and growing concerns about the Eurozone economy and, in particular, Germany, are forcing investors to look at the dollar as a protection against global economic and political risks. Thus, on April 28, extraordinary parliamentary elections will be held in Spain, and in a month, elections to the European Parliament will take place, fueled by the Brexit problem. The ambiguity of the outcome of these events pressures the euro.
As for the United States, here the market will look at the rhetoric of the Fed, the next meeting of which will take place on May 1. The focus there will be the issue of a possible interest rate reduction. Among other events of the coming week, it is necessary to note the publication of the report on inflation in the United States on Monday April 29; the data on the Eurozone GDP and the Consumer Price Index (HICP) of Germany on Tuesday; and the data on the Eurozone consumer market and on the US labor market (including NFP) on Friday, May 3.
Last week, the EUR/USD pair dropped to the level of 1.1110, which is not only the 2019 low, but also the lowest value since mid-2017. And 75% of analysts, supported by 90% of indicators on D1, believe that the fall will not stop here, and the pair may first reach the lower boundary of the downward channel in the 1.1080 area, and then go even lower, to the zone 1.0970-1.1030.
The remaining 25% of analysts are inclined to believe that the pair may linger in the range of 1.1110-1.1250 with Pivot Point in the area of 1.1175 for some time. Graphical analysis on H4 and 10% of oscillators on D1, which signal that the pair is oversold, adhere to the same point of view.
It should be noted that in the transition to the medium-term forecast, the number of Euro-bulls, who believe that the pair will return to the zone 1.1400-1.1600, is almost 55%;

- GBP/USD. The pair has broken through the medium-term support level at 1.2975, and the overwhelming majority of experts (90%), supported by 100% of the oscillators and trend indicators on D1, believe that it will definitely retest the low of April 25 at 1.2865 and, if successful, sink to 1.2770-1.2830. The opposite point of view is expressed by 10% of analysts and graphical analysis on D1 , indicating the zone 1.2985-1.3015 as the closest target. The next resistance is 1.3065.
As before, 60% of experts still hope in the medium term for the Bank of England to raise interest rates and, as a result, strengthen the British currency. The next meeting of the regulator will be held on Thursday 02 May. However, the likelihood of a rate hike is close to zero already this week;

- USD/JPY. There is still no clarity about the movement of this pair, and the opinions of the experts are almost equally divided. A small advantage (55%) is with the bulls, expecting it to return to the level of 112.00, and, possibly, to the April 24 high at the height of 112.40.
45% of analysts and graphical analysis on H4 strongly disagree with such a forecast, they believe that the dollar will continue to fall, first to the level of 111.35, and then to the level of 110.85;

- Cryptocurrencies. In a situation of uncertainty, experts are divided into three equal camps: the bears (their target for Bitcoin is $4,800), the bulls (target $5,700) and the side trend supporters (Pivot Point $5,300). At the same time, 70% of respondents believe that the BTC/USD will rise above the level of $6,000 within May.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

Stan NordFX
Posts: 3
Joined: Sat Apr 27, 2019 3:07 pm

Re: Nordfx broker: news, weekly Analytics

Sat May 04, 2019 6:51 pm

Basel III Standard: Will Gold Become Global Currency Instead of the Dollar?


March 29 this year saw the start of the Bank for International Settlements new rules implementation final phase. Some experts believe that returning the status of money to gold should put an end to the absolute power of the dollar. According to their forecasts, the US currency may fall by 40% by December, and may lose its value at the beginning of next year.


Three Events that Shook the World of Gold

Since 1879, the US monetary system was based on the so-called “gold standard”, which tied the paper money supply to the size of the country's gold reserves, and $20 could at any time be exchanged for a troy ounce of this precious metal.

After 55 years, in 1934 US President Franklin Roosevelt approved the Gold Reserve Act. According to this document, private ownership of gold was declared illegal, and all the precious metal was subject to sale to the US Treasury. A year later, when all gold was transferred from private ownership to state hands, Roosevelt raised the price by 70% to $35 per troy ounce, which enabled him to print the corresponding amount of paper money.

The price of gold remained stable for the next four decades, keeping around $35, until early 1970s when another president, Richard Nixon, decided to abandon the “gold standard” altogether. This completely untied the government’s hands, allowing printing of infinite volumes of fiat currency, and gold prices, which had ceased to be money, would grow exponentially.

And in spring 2019, the media broke the news of another revolutionary event: on March 29, the final phase of the implementation of the new rules was due to start, according to which the yellow metal was once again becoming the same first-class asset as cash notes and government bonds.

The rules adopted by the Bank for International Settlements (BIS) and named "Basel III Standard» (by the place of the BIS location - Basel, Switzerland), made it possible for some experts to state that once gold returns its monetary status, it should become No. 1 money, pushing the unsecured US dollar out of the market. Since the obligation to exchange notes for precious metals now did not fall on the US Treasury, but directly on the banks, they had to start actively buying gold in order to maintain stability during the collapse of the dollar system. According to the forecasts of these experts, the US currency could have fallen by about 40% by December, and at the beginning of the next year it would lose its value completely.


Science Fiction or Reality: 155 000 USD per Ounce?

- And what happened on March 29? - This question is addressed to the brokerage company NordFX leading analyst, John Gordon.

- Here is what happened, - he points to the chart. - Instead of soaring to the skies, literally the day before the gold lost more than eight percent of its price.

I think that it is clearly premature to talk about the death of the dollar. It should be borne in mind that, although the Bank for International Settlements unites more than 60 Central Banks of different countries, its documents are advisory rather than mandatory. Moreover, some sources claim that the decision on revaluation of gold and the date of introduction of this rule was made not at the BIS general meeting, but by a narrow circle of the major regulators. This is the US Federal Reserve, the ECB, the Bundesbank and the banks of England and France. And many major importers of gold, such as, for example, China, India, Russia or Japan, were not present there.

In order for gold to become valuable money again,” continues the NordFX analyst, “ it is necessary to establish gold parity, that is, its fixed content, at least in the leading world currencies.

Let's do a simple calculation. The price of gold is $1280 per ounce Now, or about $41 per gram. And now let's calculate how much the gold will cost if we set the parity between the dollar mass and the gold reserves of the United States. So, according to the 2018 data, the US gold reserves are 8,133.5 tons, and the dollar mass, including bank deposits, is about $40 trillion. We divide one by the other and find that the price of one gram of gold should be $5000, or $155.5 thousand per troy ounce. That is, 120 times more than it is today.
The US national debt is more than $22 trillion, and it is difficult even to imagine what will happen if at least some of the creditors demand to exchange their fiat money for real gold.

“I think that, despite their primitiveness,” concludes John Gordon, “these calculations clearly show that a return to the times of a century and a half ago, when every dollar, pound, ruble or mark was provided with the country's gold reserves, is hardly possible.


What Else Do Experts Say

The London Precious Metals Association (London Bullion Market Association, LBMA) conducted a survey of 30 analysts, asking them to predict the price of gold for 2019. If you average their opinions, then you can talk about a modest growth of only 1.8%. However, two thirds of respondents believe that at some point during the year the value of this precious metal may reach or even exceed the mark of $1,400 per ounce.

The most optimistic is Eddie Nagao of Sumitomo, who names the price at $1,475. According to him, gold will be one of the preferred assets among institutional and private investors, as the probability of a recession in the United States is constantly growing.

As for the pessimists, here Adam Williams of Fastmarkets MB (Metal Bulletin) has taken the first line. His scenario provides for a decline below $1,200. According to the bears, gold was the decisive factor for investors in November 2018 - February 2019. But in the case of a trade deal between the United States and China, the demand for safe-haven assets, including gold, will quickly fall, and the price will go down.
If we talk about a longer-term forecast, the model constructed by Gary S. Wagner, an analyst and producer of the daily newsletter The Gold Forecast, seems interesting. According to his calculations, the last major bullish wave began at the end of 2015, after the correction to $1040, and assumes that gold can re-test the record highs of 2011, having reached the price of $2070-2085 dollars per ounce in 2020.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #forex #forex_forecast #signals_forex #cryptocurrencies #bitcoin

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