As we near the end of a year that nobody could have predicted, we take a look back at 2020 and reflect on how it has impacted trading.
Which assets and instruments were most popular with the traders in 2020?
Knowing which markets have been traded more helps you plan your strategy well.
As many traders are interested in the above mentioned markets in these years, you can also expect dense and deep liquidity at all time.
Make Informed Trades with the right data in 2021!
Events that defined the markets of 2020
This time SuperForex decided to sum up the main events of 2020 for the financial world in a short video.
We hope that each trader can draw certain conclusions from these events in order to determine his trading strategy for the beginning of 2021.
Check out the 2020 Summary Video Here
In January, China first experienced an epidemic caused by the new Covid-19 virus.
During the year, over 82 million people have been infected worldwide, of which more than 1.5 million have died.
In February and March, most countries announced lockdowns which paralyzed many types of businesses and led to a collapse of the world economy.
In April, oil futures prices dropped below $0 due to an oversupply in the oil market.
In May, the global economy began to recover after the end of the first lockdowns.
Commodity assets were recovering in value thanks to strong economic growth in China.
Joe Biden won the US presidential election in November.
In anticipation of stimulus for the US economy, the USD started depreciating against major currencies.
In December, the United Kingdom was in the spotlight, where a new strain of coronavirus was identified.
Also, at the end of the month, the UK secured a long-awaited trade deal with the EU. This eliminated the possibility of a hard separation at the end of the transition period.
Please check SuperForex official website or contact the customer support with regard to the latest information and more accurate details.
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(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!