Forex: 5 things we’ll remember 2017 for

The end of December is a time to sum up the results of the year. These were eventful 12 months for currency traders. Let’s recall the most important developments.

  1. 2017 was a year of optimism at financial markets. The view on global economy was positive. S&P 500 steadily rose constantly setting new record highs. Oil prices stabilized because OPEC and its allies extended supply cuts through the end of 2018. 
  2. The US dollar index fell by more than 9% in 2017. Donald Trump’s provocative comments in Twitter and investigation over the ties of his election campaign with Russia hurt the greenback. As a result, even the Federal Reserve’s rate hikes and slow progress of the tax reform caused only temporary improvements. Traders should surely take into account Trump’s policy next year as well.
  3. The euro was the biggest gainer versus the USD – it strengthened by more than 12%. The euro zone’s economy is like a steaming train, many economic indicators rose to multiyear highs. Euro sceptics failed to win French election. Even the fact that the European Central Bank extended its asset purchases until September 2018 didn’t turn the market negative on the euro.
  4. Britain spent the year negotiating Brexit conditions. By the end of 2017, the talks finally moved to the second stage, so the UK and the European Union will start discussing their future trade relations. The pound did well and gained about 8% against the USD as British economic news were good enough and inflation was above target making the Bank of England raise rates.
  5. Bitcoin surged to 20K. We can truly call it an asset of the year. The cryptocurrency boldly defied critics who called it a bubble. Even China’s ban didn’t stop it for long. The world’s largest commodity exchanges launched trading in Bitcoin futures and this added credibility to the asset making it even more popular.

So, what have we learned in 2017? We’ve learned that trends can last rather long and a confirmation of a reversal is needed before we start trading it. That increases in interest rates doesn’t necessarily mean strengthening of a currency. That cryptocurrencies represent a new asset class that doesn’t always behave like traditional assets.

Let this knowledge stay with us in 2018! We wish you a Merry Christmas and Happy New Year! Trade wisely and be successful!


Jackson Hole, Gold, and Powell | Market News
Jackson Hole, Gold, and Powell | Market News

The gold has made a perfect retest, but will it hold against the rising dollar? Also, the Jackson Hole Symposium and Jerome Powell's speech may become critical for most assets, and finally, more economic releases and earnings reports await you.

Latest news

FOMC Meeting, Gold Plunge, and Pound Decrease | Market News
FOMC Meeting, Gold Plunge, and Pound Decrease | Market News

Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera