FXBrokerFeed – Weekly Forex Market Report
Published on: 03/22/19 12:12 PM
The end of March is just round the bend to cap first quarter of 2019. Forex Broker comparison service FXBrokerFeed brings you up to speed once again, with this week’s report, containing updated news, and trends in the broker market, featuring both eToro, and Oanda.com FX platforms.
report features eToro
, the pre-eminent multi-assets platform, and specifically leading at the front in the cryptosphere niche.
The market analysis
for week ending March 21st
is mainly on cryptocurrencies, which continue to buoy the sector, despite earlier uncertainties manifesting in low volatility.
Bitcoin trading above the $4000 mark, and Zcash leading several other Cryptos in a 15% upward trajectory over the past 7 days, authenticate a growing appetite for cryptos.
And China’s launch of a blockchain ticket invoicing for Shenzen Metro, worth over $200 million at launch day alone, is an irrefutable sign of cryptos’ rising stature, and infrastructure adoption globally.
On the other hand, Oanda
focused more on the traditional market stocks. Similar predictions of volatility pushed prices, either trading mixed or lower, as investors
adopted a cautious approach based mainly on the FOMC decision, and Sino-US trade talks, among other global economy factors.
Oanda analysis was spot on, with oil prices remaining firm, anchored on OPEC and Russian supply cuts, and informed by Iran and Venezuela sanctions. Additionally, Sterling yields, European stocks, and markets are set for a volatile week due to Brexit upheavals.
Oanda’s crystal ball sees, EU trade surplus with the US, and the current hardline stance between US and China, as potential flash points for global forex market volatility.
Today’s traders need a dependable way to navigate through the ever-changing world of Forex trading. FXBrokerFeed
brings to you relevant information about FX Brokers and currency pairs 24/7, and is an essential tool that will help improve your trading performance. Start your 30-day free trial today!
To keep an eye on the brokers’ performance over the coming days, check out our full reports on https://fxbrokerfeed.com/reports/etoro/ or https://fxbrokerfeed.com/reports/oanda/