Forex Market Trends/Updates

Goals

To find out what has been happening in the foreign exchange (forex) market recently. This research would be used to evaluate new market opportunities and rules for clients.

Early Findings

  • The foreign exchange (forex) market is currently "the most actively traded market in the world".
  • On average, this market witnesses trading worth over $5 trillion daily. The volume of forex trading exceeds that of global equities by 25 times.
  • DailyFX reports that global trade is decreasing. This is a resultant effect of trade wars led by the United States. Consequently, GDP growth is being affected adversely throughout the world.
  • According to AtoZ Markets, 2018 was a remarkable year for the USD (United States Dollar) "when the trade-weighted Dollar Index appreciated nearly 5%".
  • From the beginning of this year (2019), the USD experienced a zero forward momentum.
  • As Chinese clients reduce their spending, the pressure on US businesses is increasing.
  • Over the past year, the Canadian Dollar (CAD) lost over 7% of its value against the USD. Also, 10% of its value was lost compared to the Japanese Yen. Falling oil prices is the major factor responsible for this decline in CAD currency value.

Proposed next steps:

You need to be the project owner to select a next step.
Our background search has provided some insight into recent happenings in the forex market. We recommend further research to provide 4-6 recent trends in the foreign exchange market. For each trend, we would provide a description, as well as the factors driving the trend. [NB Since the forex market is fast-paced and constantly changing, kindly let us know the specific period you would like these trends to cover (for example, the past 6 months, the past year, etc)]
Also, since the aim of this research is to identify market opportunities, we recommend further research to provide 3-5 challenges or hurdles being experienced in the forex market.
As an alternative to the first proposal, we may research further to provide 2-3 recent trends in the foreign exchange market. For each trend, we would provide a description, as well as the factors driving the trend. [NB Since the forex market is fast-paced and constantly changing, kindly let us know the specific period you would like these trends to cover (for example, the past 6 months, the past year, etc)]