How will the forex market fare in 2021

1. INVESTMENT RETIREMENT PERSONAL FINANCE TAX RETURNS CREDIT AND DEBT CONTACT US How will the forex market fare in 2021 amidst the recovering investment market? CRYPTO EXCHANGE PLATFORM May 1, 2021 by Jonny Pean — Leave a Comment Forex traders who are gradually sleepwalking into 2021, their main question in mind would be the impending fate of the US dollar. Unless you’re someone living under the rock, you’d know that 2020 was the year when the foreign exchange market was affected heavily by the coronavirus pandemic. Traders and brokers only bought currencies based on their need to increase or decrease their level of exposure towards risky assets instead of personal fundamentals. However, now that we’re into 2021, it can be predicted that the attention of the traders will gradually shift towards individual fundamentals though the pandemic still remains one of the deciding factors among traders. US Dollar – What is its fate? Search the site ... The USDI or the US Dollar Index is the yardstick that keeps a measurement of the strength of the USD against the other major currencies. The USDI lost ground in 2020 as the Federal Reserve cut down on interest rates and the US government offered an unplanned boost to the US economy. On reaching the 103 level in March 2020, the US Dollar Index reduced to the level of 90. MOST POPULAR The pressure on the dollar is rather strong and the US market consensus is that the dollar can continue to move higher. As the downward movement of 2020 might look signi?cant, the US Dollar Index has all reasons to fall further low. To put it in layman’s terms, the present levels can’t be seen as low for the United States of America and hence it may gain added downside momentum in case the global economic situation improves. It is only then that traders all over the world will invest in the riskier currency pairs. How will the forex market fare in 2021 amidst the recovering investment market? Australian Dollar Australian Dollar ?nished the year 2020 on a rather strong note and the main reason behind that was the corresponding strength in the segment of commodity market, particularly the iron ore market. Though the Reserve Bank of Australia adopted a dovish policy, this literally had no impact on AUD/USD as all the other central banks were dovish too. Forex traders who are gradually sleepwalking into 2021, their main question in … [Read More...] In the year 2021, the trading relations of Australia with its primary trading partner, China, worsened but that couldn’t waver the interdependency of these two nations. This prevented the relations of the two countries from hampering permanently. Hence, you can’t expect any huge risks on this investment front. British Pound UK and EU have recently negotiated the Brexit trade deal in such a manner that the main risk of USD/GBP wasn’t felt. GBP/USD was moving higher when the traders bet on the positive outcome of Brexit negotiations but now the traders will have to ?nd added reasons to be bullish on the British pound. You should know about the Post Pandemic Financial Trajectory The basic situation seems challenging for the UK economy during the initial half of 2021 and this exerts extra pressure on GBP/USD. Though the British pound has more room to run, the USD/GBP bulls will most likely require assistance from the usual weakness of the US dollar. For majority of us, 2020 has undoubtedly been a year to forget. However, with … [Read More...] Therefore, now that you’re aware of the fate of three of the biggest foreign exchange currencies, you’d be able to make an informed and wise decision based on the facts given above. Share this:   Twitter Facebook Like this: Know The Top Five Reasons to Opt for Crypto Coins How to Go About Forex Trading September 22, 2019 In "Forex Trading" Chose The Right Trading Platform Before Becoming an Online Trader? August 9, 2020 In "Forex Trading" Best Online Broker for Beginners June 12, 2019 In "Money" Cryptocurrency has acquired widespread recognition over the past few decades. … [Read More...] Filed Under: Forex Trading Leave a Reply Your email address will not be published. Required ?elds are marked * Comment Chose The Right Trading Platform Before Becoming an Online Trader? Have you been dreaming of jumpstarting your trading career? If answered yes, the … [Read More...] Name * FRIENDLY BLOGS Email * Money Lend Bunker Basics Website CATEGORIES Business (16) POST COMMENT Credit and Debt (9) Economy (9) Education (3) Forex Trading (11) Insurance (4) Investment (20) Money (20) Personal Finance (23) Retirement (12) Tax Returns (3) Copyright © 2021 · Magazine Pro Theme on Genesis Framework · WordPress · Log in