Forex Trading In 2019: The Next Big Thing
The global currency market has witnessed a number of big events in 2018. New opportunities have been unlocked for the investors. Last year, Sterling made the biggest headline story with Brexit deals, counter-deals,and negotiations offering sharp swings in the pound. The event continued for almost the whole year at various stages.
In April, the pound was trading at 1.43 against the US dollar. However, it has now come down to 1.26 which is the current running price. As we enter 2019, it will be interesting to see what becomes of GBP. The greenback faced a lot of fluctuations all throughout the year. However, it has been holding a strong position during the second half of the year.
In April, trading against USD, Euro was priced at 0.80 which gradually went up to 0.88 by December. This was indeed an impressive rise in the price. Keeping all the figures and facts in mind, now the big question is what to expect in 2019? What is going to be the initial scenario in the currency market? You can view the SA updated list on the web along with the trading list of other countries as well.
For Euro 2019, there are plenty of factors to be considered. The currency is expected to come heavy against the greenback. EUR is likely to go through less downward pressure as the Brexit continues to move downwards.
It is expected that Eurozone inflation could boost the currency in the early stages of the current year. The monitory policy appears to remain stable for the year. Sincethe risk posed by Italy has been now overstated, we can expect a sign of optimism for the Euro.
Considering all of these factors, it is easy to understand why some traders are positive about the potential of the Euro. Traders are expecting the Euro to perform well in 2019. In a comparison of last year, the Euro is less likely to face a downward pressure this year. Last year, due to political issues, the Euro had faced a great amount of downward pressure which is definitely not the situation this year.
Risk off Europe
The currency market was filled with a great deal of uncertainty and volatility last year. All of this resulted from big political events that were driving the markets. For the last two years, the European Union have witnessed plenty of upheavals.
Brexit was one of the main culprits. However, the further crisis in Italy, Greece, and Spain also affected the market to a great deal. It forced many of the forex traders to hunt for trade value elsewhere. It is expected that 2019 will face less of any of these problems. The current year could foresee the chances of reducing risk sentiment in Europe. This could prove to bring fortune for the EUR.
According to many expert investors, the risk event for the Euro has receded. Keeping this mind, investors are looking forward to finding value in pairs like EUR/CHF and EUR/GBP.
To know more about the changing scenarios in the forex market in 2019, you can check the net.