ForexMart Predicts Main Economic Events of 2017
LIMASSOL, Cyprus, February 28, 2017 /PRNewswire/ --
ForexMart, the EU Forex Brokerage Firm, predicts that during the first half of 2017, markets will strongly react to the actions of Donald Trump, the new US president. As the world economic situation changes, ForexMart anticipates that an open confrontation between the largest world economies is imminent.
(Photo: http://mma.prnewswire.com/media/472219/ForexMart_2017_trends.jpg )
ForexMart anticipates that theTrump administration will continue to make verbal interventions about the undervaluation of many world currencies (Euro, yuan, yen), alluding to the dollar overvaluation. As a result, ForexMart predicts that the Fed might refuse to raise rates, which will lead to a long-term trend of dollar weakening.
ForexMart continues, saying that Europe is also uneasy, following the British withdrawal from the European Union (Brexit). As France and Germany hold president elections, ForexMart predicts that Europeans will continue voicing concerns over migration policy and terrorist threats. ForexMart predicts that the election results may lead to the change of the political elite and possibly even the collapse of the European Union.
ForexMart also notes the changing role of Russia on the world stage as, increasingly, European politicians talk about sanctions' ineffectiveness and possible recognition of the annexation of Crimea. ForexMart states that Russia is becoming an attractive place for foreign investments which will lead to the strengthening of Russian currency. On the other hand, ForexMart predicts that the Central Bank will buy foreign currency to prevent the ruble growth and "destabilization of the economic situation in the country".
ForexMart expects the growth of Russian currency to course up to 50 per U.S. dollar in the case of lifting sanctions, noting that traders should remember that the main driver of the ruble in 2017 is oil price and the lifting of sanctions.
About ForexMart
ForexMart is an EU Forex Brokerage Firm that offers trading in Forex and financial instruments regulated by the Cyprus Securities Exchange. It specializes in high-tech online trading solutions and uses well-developed systems that are designed to prevent online fraud and restrict scam opportunities. All funds are stored in segregated accounts secured by high-grade EU banks. Clients are granted access to financial markets by using state of the art technology that ensures users experience optimum efficiency and comfort. This is why ForexMart is considered as a modern forex broker, demonstrating the perfect union between innovation and convenience.
SOURCE ForexMart
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article