Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

World Trade – Currency Movements in the Near Future

Currencies / Forex Trading Aug 08, 2021 - 09:11 PM GMT

By: Russell_Fenton

Currencies

Nowadays, when talking about world trade and currency movements, there’s more than the actual currency that we have to take into account. Naturally, we have to keep in mind that cryptos are also currencies now – and they shouldn’t be ignored!

Certain countries, cities, and industries now accept crypto payments, and the very CEO of Tesla claimed that people will be able to pay for their Tesla cars with Bitcoin in the future. In short, you can now see why forex brokers decided to implement more than just currencies into the pool of trading instruments that they have available for their clients.

Let’s take a look at the potential currency movements that we might experience in the near future!


Currency Weakness is Predicted

Considering conventional currencies and certain precious metals, analysts think that we are heading towards the weakness of the US  dollar as an international currency. This is mainly due to the uncertainty in the US and its position in the global market.

Given that the dollar has lost the edge it gained during the first year of the pandemic and is now struggling to stay on top, people believe that the US itself might be a thorn in the side of the world economy.

Currency will Diversify

According to multiple predictions of the future, it is believed that the world will soon have a single currency – just one bill to rule them all. However, given the massive growth of crypto, that prediction might soon crash and burn.

As we mentioned above, cryptocurrency and blockchain are paving the way to a seemingly better and more accessible financial future. Nowadays, you can see the Bitcoin sign on vending machines and payment processors all around the world. In comparison, exchanges and banks often can’t provide citizens with all the currency types they might want or need to exchange.

In short, currency just keeps on diversifying and growing in numbers. While the number of countries stays the same, the number of blockchain creators will continue to increase.

Trading in the Currency Context

We all know that there are a lot of trading options out there, from CFDs to binary options and stocks. However, we also have NFTs which seem to have turned into a currency of their own.

These non-fungible tokens can be easily used to represent someone’s monetary value. More or less, the world seems to be going back to an item-trade based economy where random things (represented via NFTs) have more value and power than actual currency.

Naturally, this is still only a prediction at the moment, and possibly even an incorrect one.

The Bottom Line

The conventional currency will move as it has moved until now, but with a slight weakness due to the influence from the pandemic that doesn’t seem to be going anywhere anytime soon. The new, digital currency, on the other hand, is constantly growing and evolving.

Cryptos are the craze when it comes to both solutions for making people rich and ways to scam them. With so much diversity, one could say that currency movements will be characterized by uncertainty and volatility, high risks and high rewards.

By Russell Fenton

© 2021 Copyright Russell Fenton - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in