24 January, 2018
What Forex Traders can expect in 2018? FXCC presents you in an essential report all the key economic events and markets you should keep an eye on as a trader!
Trying to forecast with any degree of probability, where markets will be at the end of 2018, is an impossible task. Only a trading oracle with mystical powers, could have imagined that; the DJIA would rise by circa 29%, the NASDAQ by approx. 31% and certain FAANG stocks by up to 50% in 2017. How many of our forex analysts could have anticipated that EUR/USD would rise to its highest level in three years by January 2018, despite the ECB keeping interest rates at zero, whilst the Fed raised rates three times to 1.5% in 2017?
By their very nature we also (en masse) never see major catastrophic economic Black Swans on the horizon, for example; it was a small amount of investors and analysts who predicted the imminent sub prime meltdown, even fewer who profited from it. Moreover, investors needed nerves of steel to stay invested during the meltdown, and those that bet against the system couldn’t even be certain of getting their bets paid out, from the same institutions they’d bet against. As the Western Hemisphere banking and financial system imploded, trust and credit evaporated.
Our purpose with this document is not to forecast what will happen in 2018, but to make our clients aware of the various milestones and hazards that may become barriers to our potential success. Forearmed is forewarned and given that the majority of us are skilled (or becoming skilled) at both shorting and being long in our markets, then we should have no fear with regards to major retraces or falls which our; forex pairs, precious metals, or indices might experience.
As an exercise in analysis we’ve divided this document into several sections and then sub sections, with the main focus of our analysis centring on the leading major economies: Eurozone, USA, United Kingdom, Japan and China.
Traders can find and download the FXCC Market Outlook 2018 exclusive analysis here
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