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Forex Time

Forex Time
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Forextime.com - ForexTime (FXTM) provides access to the global currency market and offers trading in forex, precious metals, Share CFDs, ETF CFDs and CFDs on Commodity Futures.
Stocks Trader
U.S. equities suffered their worst weekly performance since the U.S. election back in November. The S&P 500 declined 1.44%, the Dow Jones industrial average lost 318 points, and the heavy tech Nasdaq index fell 1.22%. The fall in equities was largely attributed to the failure of Trump’s first test when...
Donald Trump
A growing sense of caution has gripped the financial markets this week with investors on standby ahead of Thursday’s key healthcare vote in Congress which may thoroughly test the Trump bump. Uncertainty over Donald Trump’s proposed economic agenda has already triggered risk aversion and any complications in the healthcare reform...
Asian Stocks

Is the party over?

Did the market just experience a mini-correction? Or is this the beginning of something bigger?  Why are news headlines making a big issue of a 1% drop in U.S. equities? Shall investors buy on the dips, or better protect themselves from the downside? These were the top questions I received...
Japanese Yen
The USD hit the brakes today, as the market looked unhappy on the US uncertainty around the health care reforms that are struggling to gain any traction, despite all of this, the economic data continues to be positive for the most part. While not a big week for US economic...
Donald Trump
Markets were unmoved by yesterday’s political risk events. Donald Trump's job approval rating took a hit, declining to 37% according to the Gallup poll. The U.S. President took another hit from FBI director, James Comey who said no information supported his tweets contending that Former President Barak Obama wiretapped...
London Brexit
The Fed hiked, the dollar tumbled, equities received a boost, and the yellow metal shined. This isn’t a price action one would expect when the central bank of the largest economy raises interest rates. However, messages sent to markets from monetary policy makers before Wednesday’s meeting led investors to believe...
Federal Reserve
“Thank you, Janet Yellen,” this is today’s market message to the U.S. Fed Chair. The greenback is falling while everything else is in green today after the Federal Reserve delivered on its promise to hike rates by 25 basis points. While this move was widely expected, many market participants were...
US Dollar
The Greenback was under pressure during early trading on Wednesday as bears exploited the pre-FOMC jitters and anxiety to attack prices lower. Although sellers may be commended on their ability to trigger a sharp technical correction ahead of the FOMC meeting, the downside risks may be limited especially after Tuesday’s...
Federal Reserve
Do not let the quiet session on Monday and early Tuesday fool you, volatility may be just around the corner. The Federal Reserve is meeting tomorrow, the Dutch are heading to the polls, the UK triggering Article 50 is edging closer, a group of 20 finance ministers and central bankers...
Gold
Gold continues to be right in the cross hairs of the bears in the market, as US economic data continues to show a large amount of hope and as Trumps 1 trillion dollar stimulus plan looks to take centre stage. ADP non-farm payroll data continues to show that the market...
Euro
The phenomenal stock market rally has displayed some signs of exhaustion this week with investors on high alert ahead of the looming ECB meeting and NFP this Friday. Asian shares painted a mixed picture during early trading on Thursday following the bearish cues overnight from Wall Street and heavily depressed...
Crude Oil
WTI Crude breached $53 during trading on Tuesday after industry data pointed to a potential ninth straight week of inventory builds which revived some oversupply concerns. Although OPEC members have made an effort to stabilizing the oil markets by cutting output, the growing threat of U.S shale ramping up production...
Reserve Bank of Australia
The Aussie is outperforming its major peers early Tuesday after the Reserve Bank of Australia held interest rates steady at 1.5%. This move was widely anticipated and many market participants deemed the statement as boring with no fresh signals provided on the future path of interest rates, however, the minor...
European Central Bank
Investors across different asset classes are no longer waiting for clarity from the U.S. administration to base their decisions, at least in the short run. The significant rally in U.S. equities and the U.S. dollar last week occurred without any new fresh fiscal signals, in fact, President Trump’s speech on...
Oil
Oil has hit the headlines today after the most recent Crude Oil Inventory figures showed a surplus yet again of 1.50M barrels (3.08M exp), but more important expectations have changed in the US that there will be further use of oil resources as the winter so far has been...
Wall Street Stocks
Equities analysts and strategists including myself have been arguing for some time that if no further details were provided on how and when the proposed U.S. tax reforms and spending plans will take place, the market rally should take a pause. However, U.S. President Donald Trump provided no new...
Donald Trump
The eyes of the world have been hooked on President Trump overnight as he delivered his first speech to congress. There was an element of surprise for viewers because Trump actually appeared Presidential during his speech, following what has been quite a rough first 40 days in office. While the...
Donald Trump
Currency markets are moving in a relative tight range early Tuesday, as traders prefer to sit on the sidelines and refrain from taking any big bets ahead of the U.S. President’s Congressional address later today in what seems to be the key market driver for the week. Whether the risk...
Japanese Yen
The bearish combination of Sterling weakness from the ongoing Brexit woes and Yen’s resurgence amid risk aversion could expose the GBPJPY to downside shocks. This pair may find itself under renewed selling pressures on the daily charts with a breakdown below 140.50 encouraging a decline towards 139.00 and 136.50 respectively....
Federal Reserve
Global markets were relatively unmoved during late trading on Wednesday after the slightly hawkish minutes from the Federal Reserve failed to convince participants of a March interest rate hike. Although many Fed members have repeatedly voiced that it may be appropriate to raise interest rates again “fairly soon”, it is...
Australian Dollar
If you’re looking to side step some of the headline risk of the major crosses, the AUDNZD might be worth keeping half an eye on. Specifically, the pair has been quietly climbing over the past few weeks and this has left it in a rather precarious position. Indeed, the...
Crude Oil

Oil looks to break out

Over the last  few months hedge funds and traders have been seen placing large bets that OPEC will indeed come through with its production cuts and oil will accordingly jump higher, so far it has been positive on the production cut front, and we are starting to see oil...
US Dollar
After a muted trading session on Monday due to the U.S. holiday, the USD is finally showing signs of strength in early Asian trade as investors await economic data, speeches from several Fed Presidents, and minutes of the latest FOMC meeting. U.S. treasury yields moved up across the curve after...
Currencies
Monetary policy guidance, and strong U.S. data failed to provide another push higher for the greenback last week. Fed Chair Janet Yellen made a blunt statement in her testimony before Congress that it would be unwise to wait too long to tighten monetary policy, and several of her colleagues...
New Zealand Dollar

NZD looks to weaken

The New Zealand dollar has found itself under pressure in recent days as the market has started to hedge a little while it waits on the next steps for the US economy. Trumps term has seen large speculation around fiscal stimulus and tax changes, which so far have not materialised...
US Dollar
The strong growth in U.S. retail sales and the surge in consumer prices were expected to continue pushing the U.S. dollar higher on Thursday, but what happened was exactly the opposite, leaving many traders questioning the greenback’s uptrend. The past 24 hours were very interesting in currency markets, not just...
Donald Trump
Is 20 your lucky number? After the Dow Jones Industrial Average spent almost two months making headlines before triggering the 20K benchmark, a new headline hit the wires yesterday with S&P 500 breaching the $20 trillion market cap. In numerology, the number 20 points to constant changes and rising ambitions....
US Dollar
After five consecutive weeks of declines, the U.S. dollar finally received a boost last week leaving many traders wondering if this spike is going to be short-lived or if it would lead to a major reversal and a re-test of the 14-year high. The motivation behind the rally cannot be...
Donald Trump
Stock markets charged into gains on Thursday after U.S President Donald Trump’s promise of a “phenomenal” tax plan in the coming weeks rekindled investor risk sentiment. Asian shares were positive during early trading on Friday with the risk-on trading mood elevating European markets. The prospects of Trump’s pending corporate tax...
Asian Stocks
A mixed trading day for U.S. stocks on Wednesday failed to provide direction to Asian equities today. While China, Hong Kong, and Korea led MSCI Asia ex-Japan to its highest levels since mid-2015, Japanese equities are unable to gain traction despite machinery orders rising 6.7% MoM in December and the...

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