EDITOR’s note Millennials head for Cryptos
With Bitcoin trading 70% less than its record high last year, some experts consider BTC and most other cryptocurrencies are “doomed to die”. Others, on the contrary, see history repeating and consider cryptos as the next Nasdaq. Digital currencies volatility continue to offer great trading opportunities and today, many active traders have foregone the relative safety of the forex market for the potential of Bitcoin and cryptocurrencies.
We would like to bring readers attention to Clem Chambers’ article “Crypto is the Wall Street of the Millenials” which draws a striking comparison between Nasdaq historical data and Bitcoin prices. He shows that
recently urged Europeans to fight those who hate Europe and are advancing their plans. Now EU governments need to come up with Europe-wide solutions to issues such as migration, trade policies, a commun budget and a banking union. In the article “Can Euro Area Political Turmoil Keep EUR Bulls in Check?”
phase from both a fundamental and technical view point. Te question is how to play this Dollar consolidation in the markets. Te speculative crowd seems to have jumped on the bullish Dollar story. Is this a tactical error, or the start of a larger trend of Dollar buying? Monetary policy makers are facing a dilemma at the moment as nobody wants a strong currency, but nobody wants the Dollar to be too strong either - including Trump himself. In this issue, Stewart Richardson offers us a more complete look at monetary policy than purely interest rate.
Last but not least, we invite our readers to better
the
possibility of the Bitcoin rising along a path similar to the Nasdaq has solid fundamentals behind it. In this edition we also analyse how Bitcoin has gained a foothold as a safe haven and how it could now evolve as a commodity, and finally a currency.
On the Forex side, traders should keep an eye on the Euro. Europe’s fragile unity is once again under markets’ scrutiny. French President Emmanuel Macron
Victor Golovchenko explains why the fractured political
landscape
across Europe is the main challenge for the Euro moving forward, and he encourages traders to look for consensus in the months ahead.
Looking at the other side of the Atlantic, we see a tired dollar, stuck in a range as structural, political and cyclical factors are pulling in different directions. Stewart Richardson and Keith Raphael give us a comprehensive analysis of the current consolidation
understand the new, very stringent rules approved by the ESMA, which will significantly impact the retail forex industry in the coming years. Trader should know how these rules can impact their trading, and how some of the new restrictions can be avoided.
Some food for thoughts for all kinds of investors depending on your objectives and whether you prefer to trade a more stable or volatile market.
Emmanuelle Festa Bianchet FX TRADER MAGAZINE July - September 2018 7
FX
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