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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.
European Central Bank
Trump's big tax reforms and tax reductions on Wednesday proved to be not so big, at least from Wall Street’s perspective. U.S. equities shrugged off earlier gains after flirting with all-time highs, the dollar pared back some gains, and Treasury yields declined slightly from a two-week high. The market’s reaction...
US Dollar
USD traders were upbeat today as the US economic data was much stronger than expected despite a minor blip. New home sales m/m stole the show lifting to 621K (583K exp), show casing a strong resurgence in the housing market as confidence has been taking off. However, CB consumer confidence...
Mario Draghi
The positive momentum driven by the outcome of the first round of voting in the French presidential elections extended into its second day. It now appears that investors are confident that Macron will be France’s next president and will win the battle on 7 May easily.  Investors who lost confidence...
Europe
First round of French presidential elections After the U.S. selected Trump and the U.K. chose Brexit, now it’s time for France to pick the next President. Today the French voters are heading to the polls for the first round of the presidential election, and unlike any of the previous elections,...
Euro
The Euro was elevated to levels not seen since March 2017 at 1.0777 during Thursday’s trading session, as participants discarded short positions ahead of the first round of the French Presidential elections this weekend. Although the Euro has continued to display resilience against pre-election jitters, investors should be under no...
Brent Oil
WTI Crude was exposed to sharp losses on Wednesday, with prices tumbling towards $50 after an unexpected weekly climb in U.S gasoline supplies compounded with existing oversupply fears. Although some losses were clawed back during early trading on Thursday as investors attempted to look beyond the oversupply dilemma and focus...
British Pound
Asian equity markets fell across the board on Wednesday, following a negative lead from the U.S. on earnings disappointment and lower commodity prices despite a weaker U.S. dollar. The geopolitical tensions concerning North Korea, the French elections, and growing skepticism around the U.S. administration’s ability to deliver on policy pledges...
US Dollar
The U.S. dollar continued to recover from a five-month low against the Yen early Tuesday, after testing 108.11 yesterday. Comments from U.S. Secretary of the Treasury Steven Mnuchin, stating that a strong dollar is good in the long run, offset previous remarks from President Trump, who last week said that...
Donald Trump
The recent escalation of geopolitical risks dominating the financial market headlines has been briefly removed from investors’ radars after US President Donald Trump once again took the markets by surprise. This time, President Trump made U-turns on several of his previous public views, making investors wonder whether he could be...
Donald Trump
The Greenback and U.S. Treasury yields continued to fall early Thursday, after Trump’s comments to the Wall Street Journal that the dollar is getting too strong. According to the U.S. President, he’s the one to blame for this,because people have confidence in him. Maybe not everyone agrees, with his approval...
It seems almost surreal that another war might be on the horizon for the United states, but that could be very much be the case in the near future. Markets are responding as a result and risk hedging has been the main theme thus far and this can be seen...
Gold
Investors are dumping risk assets early Tuesday as geopolitical tensions remained the key catalyst shaking the markets. The move by China to send 150,000 troops to North Korea border over fears that Trump may strike Pyongyang and comments from White House Press Secretary Sean Spicer that additional U.S. intervention...
Donald Trump
A U.S. missile strike in Syria, a weaker than expected jobs report, and Fed planning to shrink its balance sheet, all did little to move markets significantly last week. U.S. stocks fluctuated between gains and losses throughout the week, Treasuries traded in a similar pattern, gold erased gains after jumping...
Markets have been very interesting as of late, and one the most interesting movers in the market thus far has been gold. The hedge of risk is once again taken a major role in the Trump world after recent events and failures. After the election of Trump there was a...
Janet Yellen - Federal Reserve
Equities across Asia fell on Thursday following Wall Street’s biggest one-day reversal in 14 months after the Fed minutes indicated that officials are ready to target the over bloated balance sheet. The Japanese Yen led the gains in currency markets, touching its highest levels in more than four months against...
US Dollar
US markets were relatively upbeat today despite the recent Trump movements, as the market responded positively to the final GDP figures that came out showing that Q/Q growth was 2.1% (2.0% exp). The market will now be eyeing up tomorrows consumer sentiment data to see if the Trump momentum is...
British Pound
Wednesday marked the official countdown of UK’s divorce from the EU, ending a 44-year relationship with its neighbours. The end of this relationship is of course painful, but many agree that this marriage was not a case of love at first sight after all. Investors decided not to take any...
Great British Pound
The Brexit jitters were revived on Tuesday evening with Sterling stumbling into steep losses after British Prime Minister Theresa May signed a letter notifying the EU of Britain’s plan to depart from the European Union. With the game changing Brexit letter due to be delivered to Brussels on Wednesday afternoon...
Stocks Trader
Markets are calmer today after a steep selloff on Monday driven by concerns that Friday’s decision to cancel voting on Obamacare bill might lead to difficulties to push through other U.S. pro-growth plans. Asian equities are back to green territory, oil prices recovered slightly, fixed income markets are steady,...
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...

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