This time last year, nobody knew in which direction the world was headed. In terms of economic recovery and financial stability, there were many questions left unanswered. But with the latest data gathered from the first five months of economic activity around the globe in 2021, things are looking much brighter than what we’ve become accustomed to.
Now’s the time to step into the markets, taking advantage of excellent trading conditions while never missing an opportunity to profit! Create a free account at LonghornFX to get up to 1:500 leverage, narrow spreads and swift transactions.
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Why Trade Now?
Equities across the world have reported consecutive gains for four months in a row, while traders await a list of data releases that will indicate whether the markets are officially recovering from the covid-19 trauma. Meanwhile, the safe-haven status US Dollar remains under pressure.
US Dollar Under Pressure
The US Dollar has been at a three-year low against the Chinese Yuan, which is expected to be one of the biggest movers post-pandemic. According to economist Stephen Roach, the US Dollar is facing a collapse by the end of the calendar year which could spell out another recession.
A Crypto Comeback?
While Forex markets were finding stability, the skyrocketing Bitcoin came tumbling down in May although other cryptos may be stealing the spotlight. Ethereum, the second-largest crypto, also fell by 50% in recent weeks, but does this mean that crypto won’t make a comeback? Not so fast. The past year has shown the incredible potential held by digital
currencies and traders have been making impressive profits by trading CFDs on the most popular assets!
But amid the mixed messages being sent out by different institutions and experts, there is a silver lining. Uncertain markets have the potential to create more and more opportunities to generate profits, and with CFDs, traders can profit whether the instruments increase or decrease in value!
Simply open an account with a revolutionary broker LonghornFX and you’ll be able to open positions across a wide variety of assets through a single platform. With up to 1:500 leverage on Forex pairs, you’ll also benefit from low spreads and ultra-fast deposits to ensure you maximise your potential earnings!