Recent events in the Forex industry

December 13, 2021
Последние события в индустрии Forex

Recent events in the Forex industry: due to the influence of negative factors, the fall of cryptocurrencies and world markets continues

The decline of the global stock market in the near future is due to many extremely negative factors. American indices recently fell 1.7% after actively growing up for 3 days, on news that the new omicron coronavirus strain is not as bad as previously thought.

The market was supported by the statistics on employment in the USA. Compared to previous weeks, the number of applications for unemployment benefits fell by 43 thousand. However, despite this, there is a correctional decline in the American market, investors fix the previously received profit.

On Friday, Asian stock exchanges lost 0.8% on indices. Moreover, investors fear a tightening of US monetary policy following the publication of strong economic statistics. The situation with the Chinese real estate market is also unfavourable for investors. On Thursday, the international rating agency Fitch downgraded the long-term issuer default rating of the largest real estate developer Evergrande Group and its enterprises to ‘RD’ (limited default) from ‘C’ due to non-payment of coupons on bonds.

The introduction of Plan B in the UK, which obliges people to wear protective masks in transport and shops, as well as carry COVID-19 vaccination certificates and other similar precautions, is also bad news, because international markets take this with a negative attitude.

Recent events in the Forex industry showed the predictable decline in the value of cryptocurrencies

Cryptocurrency is falling in value every day, and Bitcoin is moving further away from the $ 50,000 price. However, at the same time, the mining pool said that the bitcoin hashrate would recover to the level of May, when the Chinese authorities imposed a strict ban on cryptocurrency mining.

Nevertheless, although this is a positive event, the bitcoin rate nevertheless fell by 3% over the course of a day – to $ 48,308, with a capitalization of $ 910.9 billion.

  1. Ethereum decreased by 5.8% — to 4121 dollars with a capitalization of 488.7 billion dollars.
  2. XRP decreased in price by 0.5% — to $ 0.8516, its capitalization amounted to $ 40.1 billion.
  3. Litecoin fell 4.9% to $ 152.2 with a capitalization of $ 10.6 billion.

The total capitalization of the crypto market now is $ 2.26 trillion.

Now, it is predicted that the cryptocurrency will continue to decline in value. Bitcoin could drop to $ 47,000, Ethereum to $ 4,000, XRP to $ 0.7, and Litecoin to $ 140.

Has the dollar really gone too far?

Bloomberg experts say that inflation in the United States will soon accelerate from 6.2% to 6.8%, and they also believe that growth to 7% or more will provide an increase in the yield of Treasury bonds and the US dollar, but what will happen if consumer prices slow down? How will the Fed react to this? Jerome Powell and his colleagues have proved to investors that he is ready for aggressive monetary restrictions, but what if they need to slow down? If so, the greenback will look overbought.

According to experts from the Financial Times, the $ 120 billion quantitative easing program will be completed at the end of March. 10% of respondents think that this will provide an opportunity to raise the federal funds rate in the first quarter. In addition, 50% say it will only happen in the second. This is a very big difference from the studies 3 months ago, when only 20% of economists assumed that borrowing costs would increase during the first half of 2022.

ELI DEAL provides a cost-effective route to market for business owners and purchasers. You can find more recent events in the Forex industry and check a large list of offers for sale, in particular, in the category “Forex broker license for sale” in different jurisdictions, which is constantly updated with new offers. In particular, you may be interested in:

  1. MAS Capital Markets Services License Firm in Singapore for sale“,
  2. Matched Principal Broker in the UK for sale“,
  3. British Virgin Islands FSC license for sale” etc. 

Our specialists will help you choose the best option among various businesses for sale. Feel free to contact us anytime.

Related insights

Obtaining residence permit and citizenship in Turkey when buying a property

Dreaming of life under the Turkish sun? A Turkish Residency Permit is your ticket to a carefree holiday. Residency allowance not only legalizes your stay for a year or more but also opens doors for work, depending on the type of document obtained. Learn who can get the coveted status, under what terms, and what…

Read more 03.06.2024

NIE NUMBER in Spain: Definition, Types, Procedure and Papers

Provided that you are a non-citizen, buying a property in Spain is possible with the NIE. It is your unique number as a non-citizen. It’s vital for various activities, from buying housing to making a bank account. However, it’s important to note that the NIE alone doesn’t grant lawful residency. This article will guide you…

Read more 28.05.2024

How to Purchase a Property in Spain

Buying a property in another state offers numerous chances, from generating rental income to becoming a resident or even a citizen. With a diverse range of places to choose from, finding the ideal house in Spain is within reach. While the acquiring procedure may appear daunting at first, this guide provides a clear and concise…

Read more 28.05.2024

Gaming license in Portugal

The gaming industry in Portugal has seen substantial growth, prompting both local entrepreneurs and global investors to explore opportunities in this lucrative market. Understanding the legal framework for obtaining a gaming license in Portugal is essential for those interested in documenting this sector. This comprehensive guide covers the essentials of the gaming-license process, the associated…

Read more 27.05.2024

Buying A House In Spain In 2024

Acquiring housing requires careful navigation of legal procedures and a keen awareness of the accommodation market. Before investing, in-depth investigation is vital to avoid scams, understand taxation, and stay ahead of market changes.  This guide provides valuable insights for a smooth transition to homeownership in Spain, whether you’re interested in coastal areas or major cities….

Read more 27.05.2024

Buying an apartment in Spain: Is it a good idea

Acquiring a property in Spain can be an appealing choice for numerous international investors. The country boasts stunning beaches, a pleasant climate, and a rich culture that draws people from various backgrounds. In this article, we will delve into the reasons why investing in an apartment in Spain is a wise decision. Embracing the Mediterranean…

Read more 21.05.2024

How does the Process of Buying a Property in Turkey Work?

Turkey, with its rich cultural heritage, stunning landscapes, and booming real-estate field, has become an increasingly popular destination for possession investing. Whether you’re looking for a holiday home, a retirement retreat, or a lucrative investing possibility, guiding the method of Purchasing Property in Turkey can be an exciting yet daunting task. In this comprehensive guide,…

Read more 13.05.2024

Crypto license in the Dominican Republic

Crypto has significantly altered the economic landscape globally, offering innovative ways to transact and invest. As these digital assets gain traction, various countries are establishing adjustment substructures to oversee their use and protect investors. The Dominican Republic, known for its progressive policy to technology and finance, has also begun to navigate the complex terrain of…

Read more 24.04.2024

5 Best jurisdictions for Gaming license

In the vibrant realm of online-gaming, selecting a jurisdiction for achieving gaming permission transcends a mere adjustment formality; it’s a crucial decision impacting field access, tax obligations, and the brand’s prestige. A wise choice can unlock doors to profitable fields, build trust among players and partners, and ensure a stable legal framework conducive to growth….

Read more 17.04.2024

In which countries is it better to buy Real Estate in 2024?

In the ever-evolving landscape of global real-estate acquisition, the question of where to invest money is crucial. While the past may offer some insights, the future is where depositors aim to position themselves for success. Now, in 2024, various factors come into play when determining the best countries for real-estate acquisition. From economic solidity to…

Read more 16.04.2024

Top 6 Best Offshore Jurisdictions for crypto:

In recent years, the cryptocurrency field has witnessed exponential growth, attracting investors and enthusiasts alike from all corners of the globe. However, navigating the legal landscape surrounding cryptocurrencies can be complex, with adjustments varying significantly from one lawfulment to another. For those looking to establish a crypto-related business or simply seeking a favorable adjustment circumstances…

Read more 08.04.2024

What is important to know when buying Property in Turkey?

Whether you’re considering purchasing a holiday home, an investment in property, or relocating permanently, buying real estate in Turkey can be a rewarding venture. However, like any possessions purchase, it requires careful consideration and research to ensure a smooth transaction and avoid potential pitfalls. In this guide, we’ll explore the key factors to keep in…

Read more 21.03.2024