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FXTM Official

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  1. Webinars with Lukman Otunuga, FXTM Research Analyst  Take an in-depth look at what’s in store for the global and local markets with FXTM’s Research Analyst, Lukman Otunuga. Get the latest on the biggest market developments, how they could potentially impact trading instruments and a look at what major events are in store the week ahead. 5th March at @ 09:30 +00:00 (GMT) Get insights on: - Growing optimism over global economy - Appreciating commodity prices - Hawkish sentiment across major central banks - Geopolitical tensions and political risk bubbling in the background - Cryptocurrencies remaining in the spotlight About Lukman Otunuga, FXTM Research Analyst: Lukman Otunuga has been a Research Analyst at FXTM since 2015. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in fundamental and technical analysis. His in-depth analysis on global currency and commodity markets is often cited by leading international media, including the Associated Press (AP), BBC, CNBC, CNN, Marketwatch, NASDAQ, and The Telegraph. He has also appeared on Africa’s biggest television network, NTA 2. Lukman holds a BSc (hons) degree in Economics from the University of Essex, UK and an MSc in Finance from London School of Business and Finance. To Participate in the Webinar: - If you are new to FXTM, use the form on this page to Register - If you already have a MyFXTM account, use the form on this page to  Login - After logging in or registering, click “Join” to participate in the Webinar of your choice. - Check your email inbox for the webinar link.  Still not trading with a leading broker? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  2. FXTM Partners Sponsored Seminar Event Surabaya, Indonesia FXTM Partners successfully held a Forex Trading seminar event with Mysignalforex Surabaya on 25 February, 2018 in Ibis City Center Surabaya, Indonesia   Join With FXTM Partners: www.fxtmpartners.com   FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  3. Daily Fundamental ForexTime ( FXTM ) Sterling tumbles, Euro slips while Gold fumbles Sterling initially entered the trading week on a solid footing following hawkish comments from Bank of England (BOE) deputy governor sir Dave Ramsden. In a Sunday time’s article over the weekend Ramsden said “Relative to where I was, I see the case for rates rising somewhat sooner rather than somewhat later”. The firmly hawkish comments swiftly reinforced market expectations of an interest rate hike in May. With the Pound sensitive to monetary policy speculation, the prospects of higher UK interest rates in 2018 simply injected bulls with a renewed sense of confidence to attack on Monday morning.  Interestingly, the British Pound eventually found itself under fresh selling pressure in the afternoon as bears re-entered the scene. From a technical standpoint, the GBPUSD punched above the 1.4050 level during early trading on Monday. A touch of Dollar weakness fueled the upside with prices eventually peaking around 1.4069 before sinking back below 1.4000 as of writing. Daily bulls need to maintain control above the 1.4000 level for the GBPUSD to challenge 1.4100 and 1.4230, respectively. A failure for prices to keep above 1.4000 could result in a decline back towards 1.3900 and 1.3850. EURUSD blocked by 1.2350 resistance level Euro bulls have been halted on repeated occasions by the stubborn gatekeeper known as 1.2350. Although the EURUSD remains fundamentally bullish, the currency pair is at risk of sinking lower if bulls fail to conquer and break above the 1.2350 level. Taking a look at the technical picture, there have been consistently higher highs and higher lows while the MACD trades to the upside. With the daily candlesticks trading comfortably above the 50 Simple Moving Average, a breakout seems imminent. If bulls are able to break above 1.2350, then the next key levels of interest will be at 1.2400, 1.2430 and 1.2520, respectively. Alternatively, sustained weakness below 1.2350 could encourage a decline back towards 1.2260 and 1.2200. Commodity spotlight – Gold Gold struggled to maintain gains during Monday’s trading session thanks to a stabilizing Dollar. It is becoming clear that market expectations of higher US interest rates have exposed the yellow metal to downside risks. It must be kept in mind that Gold is zero-yielding, and is likely to remain pressured in a high interest rate environment. Technical traders will continue to observe how the yellow metal behaves around the $1340 region. Sustained weakness below $1340 could encourage a decline back towards the $1324.15 level. Alternatively a decisive breakout and daily close above $1340 may open a path higher towards $1360. Currency spotlight – GBPJPY The notoriously volatile GBPJPY ventured towards the 150.00 level during early trading on Monday. Price action suggests that the currency pair is under pressure on the daily charts with 150.50 acting as the first level of interest. If prices are unable to break above the 150.50 level, then bears could be inspired to drag the GBPJPY lower towards the 148.50 support regions. A breakout above 150.50 simply invalidates the current downtrend and suggests that prices could test 151.60.  More Info Here
  4. Ultimate Trading Formula educational series to Bangladesh  Date : 24 February 2018 Time : 11:00 - 19:00 (GMT+6) Location : Bangladesh, Dhaka FXTM Partners is bringing the highly successful Ultimate Trading Formula educational series to Bangladesh! For the first time ever, the renowned Forex Guru and FXTM’s Head of Education, Andreas Thalassinos, will be presenting his insights into the ultimate trading formula, in an exclusive one-day seminar in Dhaka. Dive into the world of forex trading by learning how to develop trading strategies, mastering the Fibonacci Retracement indicator, understanding the importance of risk management and much more. Seats are limited, so make sure you register for the event today. Why You Should Come: - Participate in an interactive session with FXTM’s Head of Education. - Explore trading theory and develop trading strategies. - Learn about the Fibonacci Retracement indicator. - Learn risk management techniques. - Identify high-probability entry and exit points. - Pinpoint appealing trading opportunities. - Discover how to maximise trading results. - Meet and network with traders from your region. Register Here :  Ultimate Trading Formula educational Bangladesh  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  5. FXTM’s Seminar & Workshop Tour in Nigeria Gets Highest Praise Yet  Between 25 January and 8 February, FXTM toured 6 cities in Nigeria with the highly successful Ultimate Trading Formula – and we received some of the most positive responses from participants yet. FXTM Head of Education and well-known forex educator, Andreas Thalassinos, covered six one-day seminars and two 3-day workshops over the course of two weeks, sharing his extensive forex knowledge with Nigerian traders of all levels. Returning to Lagos and Port Harcourt and making a first-ever appearance in Calabar, Uyo, Ibadan and Abeokuta, the Ultimate Trading Formula revealed deep insights into technical analysis through the free seminars and the comprehensive workshops. The turnout in all events went beyond our expectations, as forex appetite continues to grow rapidly in Nigeria and people show a keen interest in disciplined, well-managed and informed trading. Some of the learning outcomes from the events meant that traders: - Developed effective trading strategies. - Mastered the ultimate trading formula. - Learned to manage risk. - Learned to identify high probability entry and exit points. - Learned how to pinpoint more trading opportunities. - Potentially maximised trading results.  Still not trading with a leading broker? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  6. Daily Fundamental ForexTime ( FXTM ) Global shares extend recovery; dollar remains weak Asian equity markets continued to build on last week’s gains, after U.S. stocks capped their best week since 2013. Investor sentiment has gradually improved after fears of rising inflation sent most global indices into correction territory. The Cboe’s Volatility Index (VIX) ended Friday’s session below 20, suggesting that indictments from Special Counsel Robert Mueller against 13 Russian nationals for alleged interference in the 2016 elections did little to impact investor decisions. With the U.S. markets closed on Monday for President’s Day and the Greater China region remaining offline for the Lunar New Year, expect trading volumes to be below average. The U.S. Dollar’s weakness remained a bit of a mystery for many currency traders, as it is supposed to follow differential in yields. The gap between U.S. and German 10-year yields widened to 217 basis points, and had gained 28% since mid-July 2017. Similarly, U.S. – Japan 10-year yields widened 285 basis points, the highest increase since 2007. Still, the Dollar declined against the Euro, Japanese Yen and all other major currencies. One explanation for why the correlation between the Dollar and yield differentials has broken recently, is that financial market participants are forward-looking. Investors believe that rising inflation in the U.S. will spread to other economies, leading to tighter monetary policies elsewhere. When major central banks such as the European Central Bank, Bank of England and Bank of Japan begin normalizing policies, rate differentials will narrow at a fast pace, given that they are starting from a very low base. Yields in the U.S. are not just rising because of higher inflation expectations, but also due to rising twin deficits – the fiscal and current account. This should make U.S. debt less attractive, and gold will likely become the primary beneficiary as it continues to benefit from inflationary pressures and budget deficit worries. However, this view may change if the Fed decides to take a more aggressive approach in fighting inflation. Wednesday’s FOMC minutes will likely reveal fresh hawkish insights, but for the dollar to make a U-turn, it requires the Fed to tighten policy faster than previously estimated. Any indication of four rate hikes instead of three in 2018 will do the trick, but this is unlikely to appear in Wednesday’s minutes, and investors will probably need to wait until the March meeting.  More Info Here
  7. Webinars with Lukman Otunuga, FXTM Research Analyst  12th February 2018 at @ 09:30 +00:00 (GMT) Take an in-depth look at what’s in store for the global and local markets with FXTM’s Research Analyst, Lukman Otunuga. Get the latest on the biggest market developments, how they could potentially impact trading instruments and a look at what major events are in store the week ahead. Get insights on: - Growing optimism over global economy - Appreciating commodity prices - Hawkish sentiment across major central banks - Geopolitical tensions and political risk bubbling in the background - Cryptocurrencies remaining in the spotlight About Lukman Otunuga, FXTM Research Analyst: Lukman Otunuga has been a Research Analyst at FXTM since 2015. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in fundamental and technical analysis. His in-depth analysis on global currency and commodity markets is often cited by leading international media, including the Associated Press (AP), BBC, CNBC, CNN, Marketwatch, NASDAQ, and The Telegraph. He has also appeared on Africa’s biggest television network, NTA 2. Lukman holds a BSc (hons) degree in Economics from the University of Essex, UK and an MSc in Finance from London School of Business and Finance. To Participate in the Webinar: - If you are new to FXTM, use the form on this page to Register - If you already have a MyFXTM account, use the form on this page to  Login - After logging in or registering, click “Join” to participate in the Webinar of your choice. - Check your email inbox for the webinar link. Still not trading with a leading broker? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  8. REFER A FRIEND OR FAMILY MEMBER TO FXTM Get $25 for every friend that you bring to FXTM. Use your personalized referral link to spread the word about FXTM in your online social circles. How it works - REGISTER OR LOGIN TO YOUR MYFXTM ACCOUNT AND GET YOUR REFERRAL LINK - SHARE YOUR REFERRAL LINK WITH YOUR FRIENDS - GET $25 ON YOUR WALLET ONCE YOUR REFERRAL BECOMES ACTIVE.*  The more friends you invite, the more money you make. Super simple! Get your friends and family to join an award-winning global broker today, and earn up to 10,000 real, withdrawable dollars*. Are you ready to share? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  9. Daily Fundamental ForexTime ( FXTM ) Equity markets shake of the bears Markets have been hot and cold today as equities saw some intense volatility. For most, it was the beginning of the end at the start of the week, but the close of Tuesdays bell in the US has been so far fairly bullish. Many in the market had been expecting further falls, but so far most investors have been quick to push back on the basis that macroeconomic indicators are still strong, and there is no deterioration compared to 2008 which saw heavy falls as a result. I'm inclined to agree at this statement given the history of the markets and of course that for most economies they're looking to lift rates and cut back QE. There has been of course some minor wobbles with the US economy and Europe in the past, but so far it's full steam ahead and yields are looking good. The S&P 500 had a crazy day today and it would not have been for the faint hearted as the market looked to dive deeper, pushing all the way down to the 200 day moving average before starting to make a solid recovery. The 100 day moving average was ignored on the way up, but that's not surprising given the aggressive nature of these moves, but nonetheless technical's did come into play with the market hitting resistance at 2698 to pause and breath. The next level up for the bulls if they get to continue will be at 2743. Support levels if the market were to turn can be found at 2628 and 2564, but the major one will be the 200 day moving average which has so far managed to beat back the bears on such an aggressive day of volatility. I would be surprised to not see the same sort of aggressive volatility tomorrow as markets prepare for another big day again. Across the Atlantic in European markets the FTSE has been hammered in the previous week, but finally clawed back some major gains in line with the rest of the globe in the evening. For a while it looked like a bullish trend line may come into play, but the Monday sell-off put that out of the question and the bears took full control. The recovery today, however, was very strong and saw the market climb back up to support at 7278 as traders looked to breath - much like the S&P 500. I would be surprised to see further gains here for the FTSE as UK equities have not been as impressive on the back of Brexit. So we could see resistance levels really push back bulls in the market. On the other hand sharp drops to 7205 and 7100 are not off the cards if the bears can really get there claws back into the equity markets at present. All in all, at present the global equity markets present a unique opportunity, but a lot of risk when it comes to the amount of volatility. Movements like these are rare and powerful, but for traders they can come with heart palpitations.  More Info Here
  10. FXTM receives the coveted UK FCA Licence  FXTM is excited to announce that we have been granted a licence with the UK’s Financial Conduct Authority (FCA), and will be ready to operate in the coming weeks under FCA licence no. 777911. Martin Couper, Director of Forextime UK Limited, says. “In an environment where regulators are putting compliance and client communications in financial services under the spotlight, we are extremely proud to have met the high standards required by the FCA.” The FXTM brand is authorised and regulated by a number of regulators, including CySEC in the EU and the FSB in South Africa. The FCA licence awarded to Forextime UK Limited, will complement the brand’s existing licences and allow us to service a broader market, as well as honour our commitment to being fully localised in key financial regions. As a brand, FXTM has documented exceptional growth in the last year; our client base grew by 77% year on year and active clients grew by 64% in the same period. This growth can be attributed to our client centric approach and exceptional customer service and our positive reputation as market leaders in the forex industry. We look forward to providing UK traders with the same exceptional standard of service and trader education as our existing global clients. We are pleased that this licence will give our traders the peace of mind that comes with knowing that they are dealing with a fully compliant and internationally regulated broker. Still not trading with a leading broker? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  11. Webinars with Lukman Otunuga, FXTM Research Analyst  5th February 2018 at @ 09:30 +00:00 (GMT) Take an in-depth look at what’s in store for the global and local markets with FXTM’s Research Analyst, Lukman Otunuga. Get the latest on the biggest market developments, how they could potentially impact trading instruments and a look at what major events are in store the week ahead. Get insights on: - Growing optimism over global economy - Appreciating commodity prices - Hawkish sentiment across major central banks - Geopolitical tensions and political risk bubbling in the background - Cryptocurrencies remaining in the spotlight About Lukman Otunuga, FXTM Research Analyst: Lukman Otunuga has been a Research Analyst at FXTM since 2015. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in fundamental and technical analysis. His in-depth analysis on global currency and commodity markets is often cited by leading international media, including the Associated Press (AP), BBC, CNBC, CNN, Marketwatch, NASDAQ, and The Telegraph. He has also appeared on Africa’s biggest television network, NTA 2. Lukman holds a BSc (hons) degree in Economics from the University of Essex, UK and an MSc in Finance from London School of Business and Finance. To Participate in the Webinar: - If you are new to FXTM, use the form on this page to Register - If you already have a MyFXTM account, use the form on this page to  Login - After logging in or registering, click “Join” to participate in the Webinar of your choice. - Check your email inbox for the webinar link. Still not trading with a leading broker? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  12. Daily Fundamental ForexTime ( FXTM ) Markets set to focus on non-farm payroll The market is currently taking a breather after the US data today as it's almost time for non-farm payroll. Markets previously have been surprised by the recent swings in the labour market, especially with wage growth not matching the pace, but analysts and economists are now expecting wage growth to pick up, and this in turn could lead to a more aggressive hawkish Fed if that is the case. The Fed has always commented on the lack of wage growth being a key factor in holding it back, but if we were to see that growth then certainly there would be a case for further future hikes at a more aggressive pace. Analysts are expecting 180k, the reality could be much lower, but whatever the case there will be some large swings. The USDCAD has been a key one for me to watch as of late with all the USD weakness we've seen. Commodities have risen in value as a result, and none more so than oil which has lifted on the back of it. At the same time the NAFTA treaty negotiations are looking positive thus far, and the Canadian economy is positive all round about expectations for further growth. The Bank of Canada has been a little bit more neutral, but that's more to take pause and look at its southern neighbour the US more than anything else. So far the USDCAD has slipped lower to support at 1.2256 and is looking to extend even lower to 1.2108. While a bit of a slow mover it has been trending fairly reasonably so markets have taken notice and played on that accordingly. If the USD did see some strength from the bulls then resistance at 1.2423 and 1.2585 would be key targets for the market to move to. I still believe that if there were any bulls in this market that the 200 day moving average would be the real test, as the market has been quick to bounce of it and give up and bullish sentiment in the previous months. The S&P 500 has shown another day of losses on the charts which is quite rare, so much so that people have taken a fair degree of notice. In part this has been driven by the rise in treasury yields which is starting to look like it could compete in the future with the current rates of return from equity markets. Expectations still continue to mount that the market may be slightly overbought and this may be a correction. For me the S&P 500 is a great technical mover and this can be seen from the levels it plays off. One of the most important things though at present is the 20 day moving average which has been a sign of bullish action lately. Support can be found at 2825, 2806 and 2775, but I would mainly focus on the moving average. Resistance can be found at 2850 and 2875 in the current market climate. Â More Info Here
  13. Daily Fundamental ForexTime ( FXTM ) Markets set to focus on non-farm payroll The market is currently taking a breather after the US data today as it's almost time for non-farm payroll. Markets previously have been surprised by the recent swings in the labour market, especially with wage growth not matching the pace, but analysts and economists are now expecting wage growth to pick up, and this in turn could lead to a more aggressive hawkish Fed if that is the case. The Fed has always commented on the lack of wage growth being a key factor in holding it back, but if we were to see that growth then certainly there would be a case for further future hikes at a more aggressive pace. Analysts are expecting 180k, the reality could be much lower, but whatever the case there will be some large swings. The USDCAD has been a key one for me to watch as of late with all the USD weakness we've seen. Commodities have risen in value as a result, and none more so than oil which has lifted on the back of it. At the same time the NAFTA treaty negotiations are looking positive thus far, and the Canadian economy is positive all round about expectations for further growth. The Bank of Canada has been a little bit more neutral, but that's more to take pause and look at its southern neighbour the US more than anything else. So far the USDCAD has slipped lower to support at 1.2256 and is looking to extend even lower to 1.2108. While a bit of a slow mover it has been trending fairly reasonably so markets have taken notice and played on that accordingly. If the USD did see some strength from the bulls then resistance at 1.2423 and 1.2585 would be key targets for the market to move to. I still believe that if there were any bulls in this market that the 200 day moving average would be the real test, as the market has been quick to bounce of it and give up and bullish sentiment in the previous months. The S&P 500 has shown another day of losses on the charts which is quite rare, so much so that people have taken a fair degree of notice. In part this has been driven by the rise in treasury yields which is starting to look like it could compete in the future with the current rates of return from equity markets. Expectations still continue to mount that the market may be slightly overbought and this may be a correction. For me the S&P 500 is a great technical mover and this can be seen from the levels it plays off. One of the most important things though at present is the 20 day moving average which has been a sign of bullish action lately. Support can be found at 2825, 2806 and 2775, but I would mainly focus on the moving average. Resistance can be found at 2850 and 2875 in the current market climate. More Info Here
  14. FXTM Forex Market Update | 31/01/2018 New Video from FXTM Market Update with Research Analyst ForexTime, Lukman Otunuga Global stocks were under pressure on Tuesday as investors remained cautious ahead of the Federal Reserve meeting. The Dollar struggled to hold ground against a basket of major currencies while Sterling was bruised by Brexit jitters. In the commodity arena, Gold benefitted from a vulnerable Dollar. The main event risk today will be BoE Mark Carney’s testimony and CB Consumer confidence for the United States. - The #EURUSD remains bullish on the daily charts - #GBPUSD is currently towards 1.4175 - #Gold bulls are eying $1360  Watch The Video @ https://youtu.be/Ab_PJqjlVj8 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
  15. Webinars with FXTM’s Forex Educator Jacques Nel Bollinger Bands Strategy 31.01.2018 @ 15:00 +02:00 (GMT) Developed by legendary technical analyst John Bollinger, the widely-used Bollinger Band is one of the most discussed techniques in forex trading. Bollinger Bands are two deviations (or “bands”) that move away from the simple moving average, but – of course – there’s much more to it than that! Sign up to the webinar today to find out how to enter markets with predefined Stop Loss and Take Profit levels using this indicator and find out how the technique can help you build a trading strategy. Register for the “Bollinger Bands Strategy” webinar hosted by FXTM’s Jacques Nel, who has been mentored by Head of Education, Andreas Thalassinos, and learn how this popular technique can potentially give you a boost in the market. About Jacques Nel: Jacques Nel is FXTM’s Forex Educator in South Africa. Thanks to his military background, he developed an attitude of discipline, perseverance and dedication. He studied math, physics and statistics in the military academy, and from early on in his career, he was a trainer of trainers, passing on his experience to others. All of this combined with a love for the financial markets, gave birth to a passion that has quickly gained momentum. His approach to the markets is methodical and calculated, maturing to the point that he started developing numerous strategies backed by years of data, statistics and solid market theories. As Mr. Nel’s success and reputation grew, many people sought his help on the markets. His extensive knowledge and natural ability to teach others led to a career in FXTM as a forex educator, under the expert mentorship of the Head of Education, Andreas Thalassinos. Mr. Nel has a unique approach to helping traders of all levels navigate the elaborate world of trading. To Participate in the Webinar: - If you are new to FXTM, use the form on this page to Register - If you already have a MyFXTM account, use the form on this page to  Login - After logging in or registering, click “Join” to participate in the Webinar of your choice. - Check your email inbox for the webinar link. Still not trading with a leading broker? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  16. Webinars with Lukman Otunuga, FXTM Research Analyst Take an in-depth look at what’s in store for the global and local markets with FXTM’s Research Analyst, Lukman Otunuga. Get the latest on the biggest market developments, how they could potentially impact trading instruments and a look at what major events are in store the week ahead. 29th January at @ 09:30 +00:00 (GMT) Get insights on: - Growing optimism over global economy - Appreciating commodity prices - Hawkish sentiment across major central banks - Geopolitical tensions and political risk bubbling in the background - Cryptocurrencies remaining in the spotlight About Lukman Otunuga, FXTM Research Analyst: Lukman Otunuga has been a Research Analyst at FXTM since 2015. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in fundamental and technical analysis. His in-depth analysis on global currency and commodity markets is often cited by leading international media, including the Associated Press (AP), BBC, CNBC, CNN, Marketwatch, NASDAQ, and The Telegraph. He has also appeared on Africa’s biggest television network, NTA 2. Lukman holds a BSc (hons) degree in Economics from the University of Essex, UK and an MSc in Finance from London School of Business and Finance. To Participate in the Webinar: - If you are new to FXTM, use the form on this page to Register - If you already have a MyFXTM account, use the form on this page to  Login - After logging in or registering, click “Join” to participate in the Webinar of your choice. - Check your email inbox for the webinar link. Still not trading with a leading broker? Register with FXTM  FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime |Twitter www.twitter.com/ItsForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  17. Daily Fundamental ForexTime ( FXTM ) US dollar claws back some ground It's been a mixed day for the USD, but it has seen some respite from the relentless selling as of late. With Trump in Davos it has meant more positive than controversial from him, as he puts the gloss on with world leaders. However, economic data continued to be mixed and not necessarily positive, as US new home sales m/m dropped to 625K (675K exp) , this is a -9.3% drop on the previous month. So not positive at all. The big ray of light though, was that the US job market continues to thrive and tick over, with US jobless claims coming in at 233k (235K exp), showing that the labour market is still the major story when it comes to positivity. The consumer market though will be a key focus for the incoming chair Powell as any movements here are likely to have big impacts, but also could point to future inflation rates and the chance to lift rates higher, as 2018 is set to be the year of hikes I feel for the FED. For me the USDCAD is still in the focus when it comes to bearish movements at present, the reason being that oil prices have risen higher and the USD continues to fall. All the while the Canadian economy is not doing so bad either on the back of stronger commodity prices. As a result the bears have been chipping away forcing it lower, and support at 1.2256 is likely to be in the cross hairs for traders drifting lower, followed by 1.2108. If the bulls do come back into the market then resistance levels at 1.2423 and 1.2585 are likely to come under some pressure. However, the recent market conditions have not warranted any serious bullish pullbacks as of late. Meanwhile it could be more trouble in the United Kingdom, as news has come out that there might be further political revolting in Theresa Mays Tory party. This is not likely to topple the prime minister, but it does show the growing discontent within the party relating to current Brexit negotiations. The flow on effect for the pound of such events has been negative, with it taking some heat today and losing ground against the USD. It's likely that tomorrow will bring further news, but if none then the market is likely to focus on US GDP figures when it comes to moving the GBPUSD. The GBPUSD though is currently caught on support at 1.4117 with the market looking to find some breathing space before continuing. I would expect the bulls to either take another big run, or the bears to take a firm hold and drive it back down from the recent volatility. Resistance can be found at 1.4240 and this will be the key level at present. Support levels can be found at 1.3996 and 1.3856 is the GBPUSD continues to find itself under bearish pressure. More Info Here
  18. Daily Fundamental ForexTime ( FXTM ) USD bears in control The USD took another beating today which saw nearly all major pairs and commodities climb sharply as a result. This is not surprising given the recent data which saw US existing home sales m/m fall to 5.57M (5.7M exp) from the previous high of 5.78M, showing that there may be some slowdown in the housing market. US PMI for services was also lagging expectations coming in at 53.3, still showing expansion but at the same time not coming in where analysts had expected. There could be some good news on the horizon though with Trump expected to talk up his infrastructure plan at the state of the union and lay the foundation for further spending in order to bolster the economy. However, there is a danger that it could cause it to overheat as he looks to be bold and put his front foot forward. The real story though is that right now the USD continues to come under fire, and for the market this is causing large volatility. One of the big movers today for me was gold which sky rocketed up the charts and pushed past the previous 2017 high. It's always ominous when gold starts becoming more and more bullish but at present this is being caused by the weaker USD and resistance at 1349 was absolutely crushed today as gold whooshed past.  The next levels of resistance can be found at 1366 and 1375, with 1375 likely to be a key target level for traders. Anything above this would suddenly get the market a little worried I feel, as gold is always the hedge for recessions and inflation. Support levels in the event the bears catch can be found are at 1349 and 1336, with further potential to dip lower to 1314 if the bears do manage to take hold. All in all though, if the USD weakness continues gold could be swinging higher in no time through no fault of its own. The New Zealand dollar has got a large shock today on the back of a weaker than expected inflation report. NZ CPI figures for Q4 came in sharply down at 0.1%, expectations were for 0.4%. Pushing the Yearly figure to 1.6%, a large shock for the previously booming economy. This will certainly put pressure on the Reserve Bank of New Zealand to pause when it comes to thinking about pushing rates higher in the economy - despite the high level of employed and wage growth at present. The NZDUSD on the charts quickly pushed back from resistance at 0.7431 as the news filtered through for the CPI figures. Support levels can be found at 0.7324 and 0.7255 at present, with the market also likely to treat the 20 day moving average as support as well. If the USD does gain momentum then we could see some very serious bearish pressure, at the same time if it does remain weak then potentially the NZD could stay elevated despite the recent economic news, so the market focus will be on USD data after this with a bearish bias.  More Info Here
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  20. Daily Fundamental ForexTime ( FXTM ) Australian dollar looks weaker on commodity falls The Australian dollar has been doing okay against the USD in recent times on the back of the commodity boom that has been promising. However, there have been some minor hiccups so far with iron ore prices dropping 4.4% overnight on the Asian exchanges. This in theory could present some minor problems for the Australian dollar as exporting of minerals and metals plays a significant impact on the economy. What is most interesting though is the relation to the NZD, with the AUDNZD being a key focus for traders at present. The NZ economy continues to remain robust and it's commodity based exports have seen some value in recent times with the global dairy auctions as of late. Add in the fact that the recent services PMI was also positive and you have a strong combination for the NZ economy and of course the NZD. The Reserve Bank of New Zealand is also undergoing some reforms but so far these have not frightened of the market. So for the AUDNZD it's a case of the bigger neighbour struggling against the smaller one on the currency chart. So far we've got a strong trend line pushing the bears down the chart and stopping and bullish activity taking hold, add into the mix a very strong support level and it's likely we will see some volatility look to break out of the flag pattern here. Resistance can be found at 1.0933 and 1.0982 on the charts, but I would be mainly focused on the trend line which will likely stop any bulls becoming too aggressive. Support levels are looking interesting, with 1.0855 the level to beat for the market as this is a strong level, anything through this could touch on 1.0809. Going below any of these levels could be a hard mask for the market though at present as the AUD is a bigger economy, so it could dig itself out of a hole compared to its neighbour. It's also worth remembering that the AUDNZD is at a low when you look over a very long time frame. Once again it's been another great day for US equity markets as they climbed the charts hitting record highs again. So far the S&P 500 is not looking like it will stop and the NASDAQ continues also to be a great runner as well. For the bulls it seems that the Trump effect is shining on further more in these markets. Looking at the S&P 500 and it has climbed up to resistance at 2850 before taking a breath. Expect markets to look to tackle the level again tomorrow if there are no curve balls. Any extension above 2850 is likely to find some further resistance at 2875. Markets will also be looking at possible support levels as well, and they can be found at 2825 and 2809 in the current market climate.  More Info Here
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  23. FXTM Forex Market Update | 09/01/2018 New Video from #FXTM#MarketUpdate with Research Analyst ForexTime, Lukman Otunuga Global equity bulls were in the vicinity during Tuesday’s trading session as world stocks remained at elevated levels. In the currency arena, the Dollar appreciated amid optimism over higher US interest rates. With the economic calendar relatively light today, price action may dictate where currency and commodities trade. - The #EURUSD is pressured below 1.20 on the daily charts - #GBPUSD bears are eying 1.3520 - #Gold remains bullish above $1300 Watch The Video @ https://youtu.be/Hrm0PybPt74 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
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  25. Daily Fundamental ForexTime ( FXTM ) A critical week for the US Dollar after a fragile start After having the worst annual performance since 2003, the dollar continued to struggle in the first trading week of 2018. The dollar index fell to a three-and-a-half-month low to trade below 92, leaving many traders wondering whether this year will be another devastating one for the greenback. When looking at the Commitment of Traders (COT) report, speculators are not showing interest in buying the U.S. dollar yet, and the latest bunch of data did nothing to support the dollar. Friday's jobs report did not motivate the dollar bulls to return, with non-farm payrolls rising 148,000 in December versus expectations of 190,000. Although I think the numbers weren’t bad and the labor market remains healthy with unemployment at 4.1%, wages are not yet showing signs of accelerating, and this remains the key missing ingredient of the U.S. economy’s recovery. The latest minutes of the Fed’s meeting also showed that policymakers aren’t sure whether inflation will return to the central bank’s target which is why markets believe that only two rate hikes will occur in 2018, as opposed to the three in the Fed’s dot plot. This week many Fed speakers are due to speak including the two dissenters against a rate hike in December, Neel Kaskhari and Charles Evans. Whether they have changed their mind, or still believe rates shouldn’t be hiked, remains to be seen but we’ll also tune into other Fed speakers for fresh insights.  If the Fed speakers don’t deliver news, tier one economic releases may provide the needed clues. Consumer prices and retail sales are both due for release on Friday. Given that energy prices spiked in December consumer prices are expected to increase 0.2%. However, I think traders will be more interested in the core CPI figure, which strips out volatile items like food and energy. Any upside surprise in the inflation numbers will likely bring back the dollar bulls. Given that the major U.S. economic releases are four days away, many traders will focus on whether any technical breakouts will occur. EURUSD failed to break above 1.2092 (2017 high) last week, but a successful breakout will likely lead to further buying of the single currency towards 1.22. Similarly, Sterling is only 100 pips short of 1.3656 (2017 High). So traders should keep a close eye on these levels. More Info Here
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