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The team Fx Trading Revolution wishes you a Happy New Year and a Merry Christmas to all who celebrate!
We are taking a break for the holidays, and we will be back in our usual full work mode on January 4th next year. Regular content will still be published in the education section during the holidays, and “LATEST FOREX SIGNALS” on the days when markets will be open.
2020, a Chaotic Year Behind, but Many Things to Look Forward to with FxTR
2020 was a challenging year for all of us, and so was for the markets. We witnessed huge price swings in March at the onset of the corona crisis, with a sharp USD appreciation against everything else, a 35% decline in the S&P 500 from the February highs to the March lows, and even negative oil prices. But all of those moves have now been completely reversed. Stocks are up at new all-time highs, oil recovered from the March collapse, and the dollar is getting crashed completely.
The massive money printing from all major central banks helped to alleviate the consequences of the economic recession, but it also reignited the long-standing debate about the debasement of fiat currencies and the risks of hyperinflation should policymakers lose control of stimulating the economy with ever-larger amounts of QE. The inflation fears kick-started a new bull market in gold and silver, as investors seek protection in scarce assets. It is even more fascinating to see a growing adoption by investors of cryptocurrencies like Bitcoin and Ethereum as alternative stores of value. The price of BTC has tripled this year as a result, and it will be interesting to see how this trend develops further in 2021.
In the meantime, Fx Trading Revolution will continue to provide more resources and tools to help traders be profitable and thrive in the markets. We have more exciting projects in store that will improve our existing features and also add new ones. We are currently working on an upgrade of the website that will enable us to take our services to a whole new level. It should be ready to go live early next year, and all the functionality of the website will return to normal. Watch this space.
