How does Forex work during the New Year holidays in 2021? Forex and stock exchange schedules
Traditionally, the largest number of holidays fall around New Year's and Christmas, so it's worth learning about Forex trading hours during the 2021 holidays.
But before we dive into the exchange schedules themselves, I'd like to highlight a few important points.
If you have free time on the weekend and regret not being able to trade, cryptocurrencies offer the opportunity to trade 24/7.
Digital asset trades are conducted regardless of the day of the week or international holidays, so you can open or close a position at any time.
Trading on other assets will be suspended. As usual, the exchange is closed on Saturdays and Sundays, but the following weekends are also extended.
Ripple's 2021 Forecast: What's in Store for the Popular Cryptocurrency in the Near Future?
Ripple is one of the cryptocurrencies with the highest market capitalization, currently reaching $27 billion.
At one time, this cryptocurrency was called an alternative to Bitcoin, with a price of $1,000 per Ripple predicted.
A couple of years ago, the asset peaked at just over $3, but after a large sale of a large portion of its coins by one of Ripple's creators, its price dropped significantly.
For a long time, the coin traded around 30 cents per coin, but after Bitcoin's recent rise, it also rapidly rose, reaching 70 cents.
Currently, the Ripple price fluctuates between 50 and 65 cents per coin, with some uncertainty in the market.
PayPal's introduction of cryptocurrency could lead to a significant increase in its price
The excitement surrounding cryptocurrencies has gradually died down, and ordinary people are no longer rushing to buy Bitcoin in hopes of a record price increase.
Currently, this method of payment is used only by people who need to hide their income or by professional speculators.
The rates of the most liquid cryptocurrencies have stabilized and mostly move within a certain price range.
For this situation to change, something beyond the norm must occur.
And such an event has occurred: PayPal, one of the largest payment systems, announced that it will allow its users to use cryptocurrency in 2021.
PayPal customers will be able to not only exchange and store their cryptocurrency in personal accounts but also use it for payments at over 26,000,000 merchants.
How will the elections affect the US dollar exchange rate? Expectations and realities
Almost any political event influences the dollar exchange rate, including presidential elections.
Presidential elections exert the strongest pressure on the value of the national currency, and this is not surprising.
After all, a change in power brings about a change not only in the ruling elite but also in the interests they lobby for, and this inevitably impacts the country's economy.
Some presidents pursue social policies that weaken the economy, leading to increased inflation, while others, on the contrary, accelerate the pace of economic growth, strengthening the national currency.
How will the elections affect the dollar exchange rate this time?
First of all, it should be noted that the value of the American currency is also affected by the situation that is developing in the country – protests, rallies, riots.
The second wave of coronavirus and its impact on cryptocurrency prices
It seemed like everything was over this summer, and the COVID-19 epidemic was beginning to subside, but it's now clear that this impression was deceptive.
With the onset of autumn, the epidemiological situation began to deteriorate rapidly, and governments began introducing new restrictions.
This is bound to impact the economy and global markets, including the cryptocurrency market, which has only just recovered from the first wave of the coronavirus.
Most investors are wondering how this new situation will affect the Bitcoin price and the value of other virtual currencies. Should they sell their existing assets or wait for a more favorable moment?
Let's consider the state of affairs using the beloved Bitcoin as an example, as its price is the best indicator of the cryptocurrency market.
What will happen to the dollar exchange rate against other currencies in 2020?
While Europe is slowly beginning to cope with the consequences of the coronavirus infection, the United States is increasingly breaking infection records.
This situation is bound to cause a downturn in the economy, whose indicators are relatively low.
The unemployment rate remains quite high; it has fallen slightly over the past two months and is now around 11%.
However, this is still quite high, considering that the average unemployment rate in the US in previous years rarely exceeded 3.5%.
However, it should be noted that industrial production increased significantly in June 2020, indicating the beginning of a positive trend and that unemployment will soon begin to decline.
Open an ECN with a deposit of $10 or more
Forex trading offers several account types, each with its own trading conditions and initial deposit requirements.
The most attractive and comfortable conditions are typically offered by ECN accounts, which are designed for professional traders.
An ECN account allows trading using an electronic trading system, with trading occurring directly without the need for intermediaries.
This not only reduces the time it takes to execute trades but also significantly reduces transaction costs.
It's no wonder brokers impose the highest deposit requirements for opening such an account.
Oil market collapse
It's become commonplace for us to experience most troubles on Monday.
Important events accumulate over the weekend, and when the exchanges reopen, these events are reflected in prices.
Monday, March 9, was no exception; after the holidays, the oil market opened with a truly enormous gap.
The price of Brent crude plummeted from $45.35 on Friday to $35.22 on Monday, a drop of more than $10, or about 22%.
Such a massive collapse hasn't been seen since 2015, and such a rapid one hasn't been seen in decades.
Euro outlook amid coronavirus
As expected, the coronavirus has begun to spread beyond China, encompassing ever larger territories and infecting ever more people.
A new hotspot has emerged in Europe, specifically Italy, where the number of infections is growing rapidly.
Unsuccessful attempts to isolate cities where the virus was detected have yielded little results, and reports of cases are already beginning to arrive from other European countries.
In Italy itself, store shelves are empty, schools and universities are being closed for quarantine, and mass events have been cancelled.
People are becoming less likely to leave their homes, use public transportation, and shop. In effect, the Chinese scenario is repeating itself.
What's in store for Bitcoin in 2020?
Following the record crash of 2017, demand for digital currency began to decline at a record pace.
Bitcoin holders who had lost money abandoned the asset, while new investors were reluctant to invest, fearing the same fate as their predecessors.
As a result, the market capitalization of both the entire cryptocurrency market and Bitcoin itself plummeted.
Within a year, the asset bottomed out at $3,000, and many managers removed it from their investment portfolios.
However, the situation in 2019 once again drew attention to the digital currency market, and Bitcoin proved its mettle, rapidly tripling in price. Its market capitalization also improved.
The new war and its impact on oil prices
Recent events in the Middle East have significantly boosted the oil market, with the price of oil futures continuing to rise steadily.
The situation surrounding Iran is escalating, and this is bound to impact the price of oil supplied to the market, as Iran is one of the largest suppliers of black gold.
The country holds the largest oil reserves and ranks first in production volumes.
Revenue from oil exports accounts for the lion's share of Iran's budget, so the government is interested in higher prices for this energy resource.
Back in late October, an International Monetary Fund official stated that to balance its 2020 budget, Iran would need to sell oil at $194 per barrel.
Broker AMarkets has prepared New Year's gifts for traders!
There probably isn't a single person who, even deep down, doesn't expect miracles, magic, pleasant surprises, and an explosion of positive emotions from the New Year.
Children, of course, enjoy the holiday the most, but adults also have no reason to deny themselves some real magic! Why?
Because AMarkets has prepared a ton of New Year's surprises for its beloved customers.
Age is not a reason not to receive gifts for the New Year.
Why do people give gifts on New Year's Eve?
By the way, do you know why it is customary to give gifts on New Year's Eve?
Forex Trading and the UK General Election
Presidential or parliamentary elections are among the key fundamental factors that can have a significant impact on the exchange rate.
This is when a sharp trend reversal or other unpleasant events, such as price gaps or volatility spikes, are possible.
At this point, you can not only profit by catching the start of a new trend, but also lose money by misjudging the situation.
Therefore, it is crucial to be prepared to react promptly as the election date approaches.
Will the price of oil pull the Russian ruble along with it?
A few days ago, on November 18th to be precise, the price of oil began its decline, which continues to this day.
In just a few days, the price of BRENT crude fell from $63.30 per barrel to $60.70, a decline of more than 4%.
The main reasons for the decline were the failure of trade negotiations between the US and China and the failure of major oil exporters to agree to cut production.
The latter led to an oversupply of crude oil on the energy market, estimated at around 1 million barrels in daily trading.
There is no sign of a break in this situation, so all the preconditions exist for a further decline in the price of BRENT crude below $60 per barrel.
Trading during Brexit
The influence of fundamental factors is most pronounced during the formation of historical events.
Currently, such a significant historical event is the planned meeting of the British Parliament on the future of Brexit.
Since this event takes place on a Saturday, a day when most trading is not conducted, its impact on the market will be felt fully on Monday, October 21, 2019.
Moreover, this impact will extend not only to currency pairs that include the British pound but will also affect other assets.
The main problems that await traders on Monday, October 21, may include significantly widening spreads, slippage, price gaps, and high volatility .
Three promising cryptocurrencies
Bitcoin's recent rise has reignited interest in cryptocurrencies, as most investors prefer to buy and hold, with only professional traders profiting from declines.
While Bitcoin has shown remarkable growth over the past few months, this doesn't necessarily mean it's the right asset to buy.
It's better to consider other virtual currencies that have promising prospects but haven't yet seen such growth.
Thanks to the rapidly developing crypto market, the choice is truly wide, but we'll focus on the more liquid ones.
It's preferable to be able to open trades in a trader's trading terminal rather than relying on specialized exchanges.
The primary criterion for assessing the potential for growth is the highest price reached by the cryptocurrency in question. At the same time, we'll also note how rapidly the currency has grown recently.
How much longer will Bitcoin continue to grow?
The Bitcoin price drop from $19,000 to nearly $3,000 per unit prompted many investors to abandon the currency.
No one expected that within a few months, the Bitcoin price would rise several times over and begin to approach $10,000 again.
More accurately, the rise was predictable, but the most daring forecasts capped it at $5,000 per Bitcoin.
Why did this rise occur?
Experts cite several reasons for this phenomenon, the first being a correction after a sharp decline, and then economic and political news began to push the digital currency upward.
Growing support for cryptocurrencies from governments and mega-companies played a significant role. Discussions on Facebook about the imminent creation of their own currency have also raged, and talk of the Central Bank of Russia issuing a Russian cryptocurrency continues unabated.
Vladimir Kravchenko's Accurate Financial Forecast
Vladimir Kravchenko is a financial consultant with extensive theoretical training and practical skills.
He earned an MBA (Master of Business Administration) at Ball State University and is also licensed by the Financial Industry Regulatory Authority (FINRA).
From 2011 to 2013, Vladimir Kravchenko worked as a financial analyst at Hold Brothers Capital, LLC.
From 2013 to 2017, he advised clients of Morgan Stanley (USA) on various matters.
His responsibilities included consulting on mergers and acquisitions, stock and bond offerings, and asset management.
In November 2017, Vladimir Kravchenko joined the LBLV LTD team. His primary focus remained the same – financial consulting in the area of stock market investments.
Why traders choose AMarkets
AMarkets is a popular
brokerage The company offers high-quality service around the clock and has been successfully operating for 11 years.
AMarkets is one of those organizations whose primary focus is the quality of its work and the well-being of its clients.
The company is a member of The Financial Commission. The company places great importance on the safe placement of its clients' funds.
AMarkets was one of the first organizations to receive Category A membership in The Financial Commission, a self-regulatory organization in the financial markets.
Forex holidays in 2019
2018 is coming to an end, and as always, we warn our readers about holidays when the Forex exchange will be closed or will operate with restrictions.
This information is important for several reasons. Firstly, during holidays, liquidity for all trading assets is significantly reduced, leading to widening spreads.
Secondly, a swap is charged on open trades for rolling positions over the next 24 hours, and since there may be many days off, the commission will be significant.
Also, with the 2019 New Year holidays and related changes to Forex trading,
December 24, 2018, is the day before Christmas. Trading for some assets may be suspended before 12:30 PM, so it's advisable to close all trades before then.
Why can't you buy Bitcoin anymore?
Why is it too late to buy Bitcoin, and why are miners likely to throw their rigs away?
Bitcoin is a cryptocurrency that is simply a set of encrypted information about its holders and transactions.
In 2018, the Bitcoin price fell significantly (from $20,000 to $6,500), and this trend will likely continue.
Why is this happening? The fact is that the world's largest powers have introduced a number of restrictions regarding the use and mining of cryptocurrency in general:
1. The United States is preparing legislative changes to tighten controls over cryptocurrencies;
New trading opportunities from a leading broker
The market for stock exchange trading services is constantly evolving, with new services being created that significantly simplify the trading process.
Let's face it, a trader only really needs favorable trading conditions and a guarantee of full withdrawal.
However, there's another important aspect that professionals pay close attention to: the diversity of trading assets.
Today, Forex isn't just a currency market with a collection of currency pairs; it's primarily a storehouse of speculative assets directly related to stocks, futures, indices, and even cryptocurrency.
Consequently, the wider the range of trading assets, the more complex investment schemes a trader can build.
Black Tuesday of Cryptocurrencies: Why Bitcoin Is Plunging
The new investment trend of cryptocurrency has generated enormous excitement among traders, investors, and ordinary people.
The unknown electronic currency Bitcoin reached its peak in 2017, costing around 20 thousand dollars.
You'll agree, for an asset that was worth nothing just five years ago, the rise to the 20,000 mark was simply phenomenal; moreover, no investor can recall such growth in such a short time.
Why did this happen? Because Bitcoin offers an alternative to the existing monetary system, complete privacy, tax protection, and, most importantly, an uncontrolled exchange rate that no bank or government in the world can influence.
But how justified is the exchange rate of this cryptocurrency today?
New cryptocurrency pairs
Cryptocurrencies are among the most unpredictable instruments from a fundamental analysis perspective.
At the same time, technical analysis of crowd behavior, major players, and overall graphical patterns in this young market are demonstrating unprecedented effectiveness.
Adding to the effectiveness of technical analysis is the unprecedented rate of rise and fall of this asset: surging 10 percent in either direction within a day is no problem.
However, despite the vast number of cryptocurrencies and pairs listed on specialized exchanges, forex brokers are slow to integrate them into their platforms.
Bitcoin futures.
Bitcoin trading is gaining more and more popularity, the crypto currency is not only maximally liquid, but also has enormous volatility.
You can make money on Bitcoin price fluctuations even without using leverage, and how much earnings increase with its use is not worth mentioning.
Until recently, there were two options for trading Bitcoin:
• Exchange on specialized exchanges – is a classic purchase (sale) of cryptocurrency for dollars or another equally liquid currency.
It has a number of disadvantages that prevent speculative trading from being carried out with maximum comfort.
Start your Forex business with NewBroker
NewBroker specialists will discuss opening a Forex business, the operating model, and the intricacies of registering a brokerage company.
Register a company
It's best to choose an unregulated jurisdiction to register your business. Large brokerage firms also register in unregulated jurisdictions, as they lack Forex legislation.
New level for Bitcoin – 6000.
After a dizzying fall, the cryptocurrency confidently reached the $5,000 mark for 1 Bitcoin and continues to move further.
As usual, analysts' opinions are divided, but most still believe the price could reach $6,000.
How realistic are the prospects for reaching this new level?
What gives hope to those betting on a rise:
• Growing interest – more and more banks and entire countries are recognizing cryptocurrency, some are even trying to use it as a payment method for citizenship applications, as the island nation of Vanuatu has done.
RAMM – minimum risk, maximum profit
In early June of this year, RoboForex brokerage launched a new trading and investment service that allows traders to gain additional profits by also acting as investors or managers of RAMM accounts.
RAMM (Risk Allocation Management Model) is a completely new and unique investment model based on modern risk management and incorporating the best features of PAMM accounts and automatic signal copying services.
At the same time, compared to them, RAMM has a number of significant differences and advantages.
This service allows you to use just one RAMM account and simultaneously:
New rules for stock exchange trading in Europe - "On the financial instruments markets".
As reported to foreign companies by the agency, changes to the rules of exchange trading on European markets are expected from January 3, 2018.
The law will focus primarily on trading operations involving bonds and derivatives, but the stock market will also be addressed.
If we highlight the main areas of innovation, we can note:
• Regular payments from brokerage companies for market research information. This means you can expect increased commissions when opening trades.
• Stock trading will become more open by reducing the volume of hidden transactions.
The British pound is one of the most promising world currencies.
Currently, it is quite difficult to find a liquid asset with a growth potential; most currencies are unstable, and precious metals are less liquid and not suitable for all investors.
Until recently, the Swiss franc was the ideal option, but after its unpegging from the euro and the subsequent decline, many investors lost confidence in this currency.
But even in today's reality, there is a currency that has simply fantastic growth prospects – the British pound sterling.
To believe this statement, it is enough to look at the chart of the pound/dollar currency pair over ten years.
At its peak in 2008, the pound was worth 2.11 cents; the current rate is just $1.32 per pound.
What was the monumental event that caused the UK currency to fall by almost 40 percent?
Resumption of production in Libya and the price of oil.
Libya has always been one of the largest oil producers, and its oil reserves are estimated to be among the largest on the African continent.
Over the past few years, Libya has been one of the obstacles to rising oil prices, as the country has not signed an agreement to limit production.
This is, so to speak, a bonus, due to the unfavorable political and economic situation within the country.
And now the latest news from Libya is causing concern in OPEC countries once again: on September 6, 2017, oil production resumed at one of the largest fields, Sharara.
While the market has not yet reacted to the news, it is possible that a reaction will follow after production volumes increase.
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