The ATFX Group provided their Q2 Financial Reports to the public, which provided specialized documents which oversee the groups views on the cryptocurrency and blockchain industries after COVID-19. Exclusive analysts with the ATFX Group were provided permissions to predict the future on commodities, currency pairings, and CFDs. The overall message is that the markets will become more diverse and involved over 2021.
One of these specialized analysts was Alejandro Zambrano, the Global Chief Market Strategist with ATFX. He noted that currency pairs would have one of two scenarios, with those applying to the EUR/USD and AUD/USD. Those sentiments remark: “If the borders close, the Eurozone could slump into a recession. However, the euro could rally if the coronavirus pandemic is contained early in the quarter.”
Alejandro Zambrano finished his remarks by mentioning: “The economic situation in Japan tends to have a low impact on the currency until the Bank of Japan decides to embark on large QE and rate cut programs … the currency tends, therefore, to follow the mood of global risk appetite.”
Global Equities
The Senior Content Manager with ATFX was also involved with these predictions. He noted that Global Equities would lower or increase their valuations based on numerous factors. The most significant would be the performances of global stock indices after COVID-19. It should be mentioned that these indices have performed at their worst historical valuations throughout the pandemic. Government involvement with the upcoming financial crisis will determine how stocks, indices and global equities perform after a vaccine is released.
ATFXs Senior Content Manager stated: “The short-term future of this market will ultimately come down to how the spread of the coronavirus is handled. I expect to see continued volatility in the coming weeks, but I think we will see it often.”
Cryptocurrencies, Commodities & Metals
The Q2 Financial Reports from ATFX also provided predictions on the performances of metals, commodities, and cryptocurrencies. They mentioned that the haven status behind blockchain markets would be lost after COVID-19. Loss of funds for many brokerages and exchanges proves that blockchain isn’t untouchable. It should be mentioned that certain commodities and metals will perform at reasonable valuations. The Chief Analyst with ATFX believes that metals like Gold or Silver will continue to maintain regular performances. This extends towards commodities like Oil or Solar.
There’ll be a significant rally behind metals like Gold & Silver. These metals have infamously acted as safe havens during unprecedented periods in financial markets. The COVID-19 pandemic has proven that cryptocurrency traders have followed suit with this strategy. That’s because Gold, Silver, Oil and Solar are necessities in daily financial markets. Their driving forces that don’t ever fully deplete in valuation. When considering the economic reports from ATFX, predictions expect that commodities will continue its season strengths. It should be noted that the ATFX Group provides regular updates to their clients on the overall trading conditions, ensuring that they can avoid a large percentage of the challenges associated with COVID-19.