Money doesn't disappear into nowhere.

Money doesn't disappear into nowhere. 
What to expect from the American currency? Why do some currencies grow stronger and others fall rapidly? How long will "bearish" moods reign in the market? Grand Capital has analyzed the list of the most unstable and strongest currencies against the dollar during the current crisis.

On a wave of panic on the stock markets, a global decline in the world economy, the dollar index, which is confidently fixed at 100, feels great.

At the same time, most currencies remain in the red zone against the USD, many of which fell from 2% to 7% per day. And only the Israeli Shekel, Venezuelan bolivar and Ghanaian gray shows growth against the dollar despite the global crisis.

Money doesn't disappear into nowhere. If it's going somewhere, it's going somewhere. For today, it looks as if asset holders are just going into a fiat without trusting the Fed and its dubious measures to resolve the crisis. Accordingly, not only the national currencies of the countries are weakening, but also the American currency is getting stronger, which, by the way, does not fit into the financial strategies of the USA.

Bearish sentiment will remain in the market in the near future until one of the two factors that break the market - will not subsidize. Either the trade war between Russia, the USA and the Arab world will stop and the oil price will stabilize again at $50 per barrel, or the coronavirus factor will disappear (it will become insignificant).

So far, the market is very "thin", but this is a great opportunity to make money on it. You can start participation in the market race from a standard account - a deposit is possible from $100.

Of course, we do not have to talk about long-term forecasts now. At the moment, the key role is played by the psychology of each individual market participant - how much he has enough ability to curb his greed and keep "short" positions in those assets where the dollar is the quoted currency. 
For example, by opening on Monday, March 16, 9-00 (GMT+3) a sale transaction with the volume of only 1 lot of GBP/USD asset on Wednesday, March 18, 2020 at 21-00 (GMT+3) it was already possible to fix profit in the amount of $7610. And it is only at a deal in one lot, at a pledge of 1232$ (calculations are given on the basis of leverage 1:100). 

Johannes Röll

Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer

Comments 0