Author Archive for InvestMacro – Page 435

Fibonacci Retracements Analysis 03.04.2018 (EURUSD, USDJPY)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD is about to finish the downtrend and start a new rising impulse. The short-term targets may be the local high at 1.2476 and then the long-term one at 1.2556. If the instrument breaks the latter level, the pair may trade towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2577 and 1.2639 respectively. However, if the price fails to break the resistance level at 1.2555, it may start a new descending movement towards the retracement of 50.0% at 1.2055.

EURUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the convergence made the pair reverse and start a new uptrend, which has already reached the retracement of 38.1%. The next targets may be the retracements of 50.0%, 61.8%, and 76.0% at 1.2346, 1.2376, and 1.2414 respectively. The support level is the short-term low at 1.2154.

EURUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the convergence made USDJPY start a new ascending correction, which has already reached the retracement of 23.6%. The next upside targets are the retracements of 38.2%, 50.0%, and 61.8% at 108.12, 109.20, and 110.26 respectively. The support level is the low at 104.63.

USDJPY1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is being corrected downwards. Overall, the short-term uptrend is moving towards 108.12.

USDJPY2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Buy It When It’s Not Hot!

By TheTechnicalTraders.com

Our Adaptive Dynamic Learning (ADL) modeling system has been hot.  Now we want to share something super exciting with all our followers – a super trade setup in the ES.  Our research team at Technical Traders Ltd. has identified what may be one of the best trading signals we’ve seen in a long time – a potential +100pt move.  That’s right, our advanced predictive modeling system is been calling a bottom in the markets for over 10 days now and we believe the following charts show us the that S&P will be one of the leaders in the move higher.  Therefore, we want to urge our followers to be prepared for a potential 100+ pt upside move in the ES within the next 3~5 days and to trade accordingly – we certainly will be.

This chart shows us the ADL price modeling system at work.  We can see that the ADL price modeling system is showing a very strong potential for an immediate price rally to well above 2700 on the ES.  Monday’s close is 2616.  We believe this trigger price anomaly is an exceptional opportunity for traders to identify and capture a rather lengthy upside price move over the next 3~7+ days.

Additionally, our ADL system is showing that this move may be isolated to the S&P.  Other price modeling results show more muted bullish price outcomes.  This happens sometimes when the market dynamics are diverging a bit.  Not every market moves in a similar range.  Sometimes the NQ will move 2~3x the range of the other major indexes.

Still, a +5~9% rally in the Small Caps is a decent move.  One should never complain about a solid profit on a trade that lasts less than 15 days.

MOST RECENT TRADES:

Want to know what we’re telling our valued members is going to happen next week and the many weeks that follow?  Visit www.TheTechnicalTraders.com to learn what we offer our members and to learn how we can help you spot these move days or weeks in advance.

 

 

Ichimoku Cloud Analysis 10.04.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7724; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7710 and then continue moving upwards to reach 0.7790. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7670. In this case, the pair may continue falling towards 0.7610.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7341; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7315 and then continue moving upwards to reach 0.7395. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7245. In this case, the pair may continue falling towards 0.7160.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2679; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2730 and then continue moving downwards to reach 1.2585. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2855. In this case, the pair may continue growing towards 1.2970.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Ichimoku Cloud Analysis 09.04.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7693; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the upside border of the cloud at 0.7710 and then continue moving downwards to reach 0.7580. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7720. In this case, the pair may continue growing towards 0.7830.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7301; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7260 and then continue moving upwards to reach 0.7365. Another signal to confirm further ascending movement is the price’s rebounding from the upside border of the Triangle pattern. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7205. In this case, the pair may continue falling towards 0.7140.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2766; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2805 and then continue moving downwards to reach 1.2675. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2875. In this case, the pair may continue growing towards 1.3050.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Political Posturing Distracts – Trade The Wall of Worry

By TheTechnicalTraders.com

Recent news about the US and China posturing for Trade Deals and the continued increase in rhetoric has weighed heavily on the markets these past few weeks.  Yes, trade issues are a concern for nations and fair trade is essential to support both economies.  Yet, the news seems to be exaggerated in scale and scope when one considers the totality of it all.  Our research team at Technical Traders Ltd. has recently completed a detailed analysis of the Chinese economy including a study of the expected pressures that are mounting throughout most of China/Asia.  A property market cycle, extended debt issues, foreign capital projects, military tensions and now “trade tariffs” are adding up to quite a bit of headwind for the Chinese.

As we discussed in an article last year, we believe capital is like a living organism – always attempting to migrate to sources of better return, less risk and a more healthy environment for success.  We believed, at the time of that article, that capital would migrate into the US because of the recent election of a new US President and because of the multiple deregulations and pro-business steps taken by the new US President.  At the same time, in 2016/2017, we were keenly aware of a broader market cycle that had been setting up with regards to the early stage price advances throughout 2017.

Somewhat similar, we now believe the trade issues in conjunction with economic cycle issues, that are playing out as we write this article, will coincide to drive capital away from riskier environments and, again, towards the US as a “safe haven” investment.  We believe this will drive another wave of upward pricing pressure over the next 2~3 months starting with an early stage price rotation in the ES to near 2770.

Take a look at this ES chart with our Adaptive Dynamic Learning modeling system at work.  This modeling system is one of the tools we use to help us understand and predict future price moves by asking it to scan and research the highest probability outcomes for the price in the future.  One can clearly see the upward price channel, drawn in YELLOW, as a key source of price boundaries.  One can also clearly see the ADL predictive learning model showing prices should advance throughout early April to near 2770, then stall near this level for a period of about 3~4 weeks (we expect early/mid May), before another massive advancement in price starts near the end of May or early June.  This later stage advancement appears to predict “new highs” set in early June 2018.

Therefore, we are advancing the analysis that this recent news about technology issues (Facebook and others) in addition to the trade issues and comments between China and the US are nothing more than a distraction from the reality that we are discussing multiple nations, multi-trillion dollar economies and billions of global consumers.  In a worst-case scenario, certain products and raw materials will cost a bit more over a period of time.  These costs will be absorbed into the general economies and consumer costs over time.  Over time, traders will come to understand this as an opportunity to take advantage of depressed pricing.

 

As we apply the same type of ADL price prediction to the NQ, we can see similarities in price setup and advancement.  Additionally, we have added a time cycle component to this chart that helps to identify price rotation levels, cycle bottoms, and tops.  One can clearly see we have recently passed a massive cycle bottom formation where price rebounded off of the lower price channel.

Additionally, a longer-term price cycle bottom formed in early March.  This longer-term price cycle rotation is indicating we should see prices advance through April and May before reaching a peak in the middle of June (sometime).  The further out we attempt to predict price peaks and troughs, the vaguer the timeline analysis becomes.  We can attempt to predict an immediate price advance simply because the time cycles and ADL price predictions are showing us that price is currently below ADL predicted levels and the predicted levels are moving higher.  This tells us that price should rebound from this lower price channel very quickly in an attempt to “re-balance” with expected price levels.

 

 

One key element has been added to this next chart, the downward price channel that is currently containing price advancement.  Once this level is breached, we believe the move higher will be aggressive and sustained.  All of this analysis coincides with a number of factors that play into our analysis.  We believe that capital will continue to migrate into the US as a safe haven from foreign market crisis events.  We believe that China/Asia are on the cusp of a potential asset/general market downturn.  We believe that other nations will experience a “ripple effect” from the China/Asia rotation that we are predicting.  And we believe these events will drive further investment into the US markets and equities as a source of continued returns.

 

Overall, we do believe that at some point in the near future the US market will experience a massive price rotation that will begin a new bear market – but we don’t believe that is happening right now.  As you can see from the chart, above, we have indicated that “Caution Below This Level” would be an early warning signal that a deeper price rotation may be set up.  As long as the price stays within this major upward price channel, we should see a mean price reversion to the projected levels and if our ADL predictions hold true, we will likely see new price highs before the end of June 2018.

If you want to learn more about our research team, specialized tools for traders and how we can assist you in taking advantage of these price swings, please visit www.TheTechnicalTraders.com to learn more and to read our previous research articles.  We offer daily videos, commentary, trading signals and more to our members to assist them in profiting and preparing for these future market moves.  Our advanced technologies provide us a unique view into the future.  If you want access to our powerful tools and to become a profitable technical trader, then please visit www.TheTechnicalTraders.com to see how accurate our technology has called all of 2018 – almost to the exact day of many price tops and bottoms.

By TheTechnicalTraders.com

Forex Technical Analysis & Forecast 09.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has returned to 1.2277. Possibly, today the price may fall towards 1.2246 and then grow to reach 1.2271, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction towards 1.2317; if to the downside – resume falling to reach 1.2161.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving upwards. Possibly, the price may reach 1.4120 and then resume moving inside the downtrend with the short-term target at 1.3930.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished the descending impulse. Today, the price may grow to reach 0.9622 and then fall towards 0.9599, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may grow to reach 0.9675; if to the downside – continue the correction with the target at 0.9490.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is falljing towards 106.68. After that, the instrument may grow to reach 107.74 and then form another correction towards 106.17.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7687. If later the instrument breaks this range to the upside, the market may continue the correction to reach 0.7734; if to the downside – continue moving inside the uptrend towards 0.7618.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has almost reached the target of the ascending structure. Possibly, today the price may fall towards 57.60 and then grow to reach 58.18. Later, the market may resume moving inside the downtrend with the target at 56.56.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

Gold is still forming the divergent Triangle Pattern at the lows. Possibly, today the price may reach 1336.00 and then fall towards 1326.00. After that, the instrument may start another growth to reach 1331.00 and then continue moving inside the downtrend with the target at 1309.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

BRENT

Brent is being corrected with the target at 66.50. Today, the price may grow towards 67.89 and then fall to reach the above-mentioned target. Later, the market may continue falling inside the downtrend to reach the short-term target at 72.22.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

EURUSD: breakout of the trend line

By Gabriel Ojimadu, Alpari

Previous:

On Friday the 6th of April, trading on the EURUSD pair closed up. Volatility on currency markets was high throughout the day. In Europe’s trading, ahead of the NFP report, the euro slid to 1.2215. After a release of mixed data, the single currency jumped to 1.2291 against the greenback, marking a rise of 76 pips.

103,000 new jobs were created outside the US agricultural sector in March against a forecast of 190,000. The value for January was revised from 239,000 to 176,000, and for February from 313,000 to 326,000. This gives us an aggregate revision of -50,000 new jobs. Unemployment held at 4.1%. Average hourly earnings rose by 0.3% following a 0.1% bump in February.

The US labour market data has mixed implications. On the one hand, fewer jobs were created than expected and January’s figure was revised significantly downwards. On the other hand, we saw an increase in average hourly earnings on the previous month. This is an important indicator for the Fed.

This data sank US10Y bond yields along with the dollar.

Day’s news (GMT+3):

  • 08:45 Switzerland: unemployment rate (Mar).
  • 09:00 Germany: trade balance (Feb).
  • 10:30 UK: Halifax house prices (Mar).
  • 11:30 Eurozone: Sentix investor confidence (Apr).
  • 17:30 Canada: Bank of Canada business outlook survey.

Fig 1. EURUSD hourly chart. Source: TradingView

I didn’t make any forecasts on payrolls day given the unpredictability of the NFP report. The labour market report contains too many elements that have a strong influence on the dollar’s dynamics. This brings increased risks of making a loss when news items are released.

At the time of writing, the euro is trading at 1.2277. On the chart, I’ve shown my predicted trajectory for the euro up until Wednesday. Since markets closed up on Friday, we should, in theory, be looking for movements in the opposite direction today. The weekly pattern (window of 120 bars) and hourly cycles point towards continued growth.

The dollar is showing mixed dynamics against the majors in Asia. Most of the euro crosses are trading down while US10Y bond yields are up. We could see the rate retreat to the LB balance line at 1.2260, but I think that the drop will begin only after buyers have shifted the daily maximum from 1.2291 to 1.2311. This is even more likely given that the trend line was broken through on the back of the NFP report.

Market Wrap – SP500 ends up the day higher. Yields remain steady

By Taylor Wilman

In the US markets today, stocks did the opposite of what may have been expected. After a gap down opening, the S&P 500 ended the day greater than 1% higher. The early session sentiment was under pressure due to Chinese retaliation tariffs on the United States being announced.

Technically, the 200-day moving average and 257 level on the spy etf held their ground for a second day.


Eurodollar Futures continued on their path lower and trading right around the 97.70 level.


The US 2 year treasury yield experienced a minor bump up today. It resides near its cycle highs around 2.30.

5 year yield and the 10-year yield were virtually unchanged today at the present levels of 2.61 and 2.79, respectively. The 30-year yield rose back over the 3.00 level today after reaching a low last week around 2.97 threshold.

Crude oil and the dollar both saw a slight edge lower today with crude to the $63.52 level and the dollar index trading at 90.15.
The VIX softened with a dip of 1% to the 20.20 level.
Gold prices made a slight bump higher today while silver fell half a percent to the 16.30 level.
Market update by Taylor Wilman

Adaptive Dynamic Learning Predicts Massive Market Market Bottom

Our research team at Technical Traders Ltd. has been hard at work trying to identify if this recent downside price move is more concerning or just a rotational move.  The recent global news regarding the US/China trade tariffs as well as the fallout that started nearly two weeks ago in Technology with Facebook, Snap and others has spooked the markets.  Our additional research shows that China and Asia are extremely fragile at the moment and the global Central Bankers as well as the Real Estate market could be key to any future unraveling of the markets.

Yet, at this time we believe our predictive modeling systems and analytical systems are indicating a strong market recovery is just days away.  As we have discussed earlier, capital is constantly searching for the safest and most reliable ROI throughout the planet at all times.  We believe the current market environment will show signs that stronger, more established economies will continue to benefit from capital migration as a result of this new wave of uncertainty plays out.  The US GDP growth rate over the past 2 years has been exceptional – increasing over 200% from 2015~2016 averages of 1.48%

 

As you might have read from our China/Asia Implosion research, there are many factors at work currently in the markets and the one thing that is a constant is consumer and debt cycles.  Additionally, we have been relying on our cycle analysis, Adaptive Fibonacci modeling system and our incredible Adaptive Dynamic Learning modeling system (ADL), for much of our analysis throughout the end of 2017 and early 2018.  Today, we are going to share what we believe to be one of the most amazing analytical calls of this year – a potentially massive rally in the US markets.

First, our Weekly Fibonacci modeling system is still showing strong bullish signs while indicating recent price rotation is below bearish trigger levels.  Because of this last component, we are still concerned that unknown factors could derail any price recovery that our advanced modeling systems are predicting.  Yet, we believe the core elements of Capital Migration and the fact that capital will chase the greatest ROI and safest environment for future liquidity and growth indicate that the US markets are the only game in town.  The newly established price channel can be clearly seen in the chart below.

As we consider the fragility of the global markets as well as the potential that foreign and domestic capital will likely be migrating into the US Equity markets in an attempt to maintain ROI and liquidity that is simply unattainable in other global markets.  Risks are starting to stack up in many foreign markets with Brexit, debt issues, cycle rotations and other issues.  Yet, the US markets have recently been unleashed in terms of growth expectations and regulations.

This S&P Daily chart showing our ADL predictive price modeling system is clearly showing the price anomaly that is currently setting up.  Prices are been pushed much lower – below our price expectations shown as DASHES on the chart.  Yet we need to pay attention to the dramatic price reversal setting up to the upside.  Without our ADL price modeling system and the ability to identify these types of setups, we would have little knowledge that this type of dramatic price increase is about to hit the US markets.

Additionally, when we compare the ES chart (above) to this NQ chart (below), we can see another price anomaly that is setting up in the US markets.  These types of price anomalies are quite unique in the sense that they represent a price disconnect that usually results in a violent and dramatic price reconnect.  In other words, when these types of price anomalies happen, price is driven outside normal boundaries of operation for periods of time, then it recovers to near the projected price levels – just like it did in early February 2018 with a dramatic downside price correction.

 

Lastly, this SPY chart below is confirming all of our price analysis with a very clear picture of the price anomaly that is currently setting up.  External news factors have driven the current price to well below the expected ADL levels and setup what may turn out to become a Double Bottom in the process.  Yet, the most critical part of all of this is the potential of a massive 10% or greater price rally over the next 3 to 10 days.

Many people simply don’t believe our ADL system can be this accurate, yet we urge readers to visit www.TheTechnicalTraders.com to review our research articles from late 2017 and early 2018 to see for yourself how well it has worked out so far.  You don’t want to miss this move and what follows.  This move will be a huge opportunity as our analysis is showing the potential for 8 to 12+% price advances over the next 30 to 60 days.

We are writing this message to alert all of our members and followers that we are uniquely positioned to take advantage of this move while others are preparing for the potential price decline that is evident by move traditional technical analysis modeling system.  If you want to learn how to stay ahead of these moves and profit from this type of adaptive predictive price modeling, then please visit our website to learn more about our stock and ETF service for active traders and investors.

Our articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and techniques that discretionary and algorithmic traders need to profit in today’s competitive markets. Created with the serious trader and investor in mind – whether beginner or professional – our approach will put you on the path to win. Understanding market structure, trend identification, cycle analysis, volatility, volume, when and when to trade, position management, and how to put it all together so that you have a winning edge.

By Technical Traders Ltd.

 

deVere CEO: Cryptocurrency investor mindset is shifting

By George Prior

There is a “seismic shift” taking place in the cryptocurrency sector, affirms the CEO of one of the world’s largest independent financial services organizations.

The bold observation from deVere Group’s founder and chief executive, Nigel Green, follows the cryptocurrency market recording a daily gain of $10 billion Tuesday.  All the major currencies, including Bitcoin, Ethereum, Ripple and Litecoin, have been resurrected over the last few days, with Bitcoin, the biggest and most influential crypto, surging 6 per cent yesterday (Tuesday) morning.

Mr Green, who launched deVere Crypto, an exchange app, earlier this year, comments: “There is a seismic shift taking place with cryptocurrency investments.

“Investor sentiment appears to have considerably changed in the first quarter of 2018.  Towards the end of last year, crypto values went too high, too fast – and, of course, it was unsustainable.  At the time I urged caution, saying an asset that goes almost vertically up should typically raise alarm bells for investors.”

He continues: “Arguably, even before the frenzied peak in December, when the price of one Bitcoin reached an all-time high of more than $19,000, the market was beginning to become frothy and overheated.

“But since then, in this first quarter, there’s been a serious price correction of most major cryptocurrencies.

“It has been this correction that’s been mainly responsible for an evolution in investor attitude.  I believe that now the overwhelming majority of investors do not view cryptocurrencies as a way to make a fast buck, as perhaps previously many more might have done. Rather, they are now investing in Bitcoin, Ethereum, Ripple, Dash and Litecoin, amongst others, as they can see the core value over a longer time horizon.”

He adds: “It’s our experience that people are nowadays investing in crypto primarily because they understand and value the need and demand for digital currencies in an increasingly digital age.

“In addition, there’s a surge in public awareness that blockchain, the technology that underpins the likes of Bitcoin, is the world’s next major disruptive technology.

“Plus, there is a growing sense, especially since the recent G20 summit, that regulation of the cryptocurrency sector is now inevitable – and this, along with growing acceptance in the business and finance community, is giving today’s investors more long-term horizon confidence.”

Mr Green concludes: “The digital coins are far from their all-time highs, but investors are still being attracted to the crypto sector in their droves.  This underscores that they are increasingly becoming mainstream assets.”

 

 

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.