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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.
Stock Market Janet Yellen FOMC
Developments in the last 48 hours have finally given dollar bulls much-needed motivation to send the greenback higher. It started on Monday, with upbeat comments from New York Fed President Bill Dudley, who opposed his colleagues’ beliefs – by saying that he would favor a third rate increase this year. ...
German Economy DAX
Despite the S&P 500 and Dow Jones industrial average hitting record highs on Monday, the news barely made headlines. I think this could be explained by the scale of the moves. The Dow has traded higher for ten consecutive days, but none of these ten days saw an increase...
US Dollar Currency
It has been another rough and rocky trading week for the Greenback as heightened political jitters in Washington weighed heavily on the currency. Friday’s potential market-shaker will be the US jobs report for July, which should offer crucial insights into the health of the US labour market. With the challenging...
Bank Of England
Sterling held above 1.32 against the dollar early Thursday as traders eagerly await the  Bank of England's policy meeting today. Bond yields declined from July highs but remained elevated, as some market participants believe that the BoE may surprise, with a 25-basis point rate hike. Although the central bank kept...
Australia
As widely anticipated the Reserve Bank of Australia kept its cash rate unchanged at 1.5%. Traders who were positioned for a dovish statement were disappointed despite the central bank saying that a rise in the Aussie would slow the economy.  It was not a surprise that RBA’s governor Philip Lowe...
US Dollar Currency
Six months ago it was hard to believe that the Greenback will be plummeting against all of its major peers. Back then the Fed was the only central bank tightening monetary policy, economic data was very supportive and most importantly Trump’s expected policies of cutting taxes as well as...
FOMC - Janet Yellen
The Dollar tumbled to fresh 13-month lows against a basket of currencies during early trading on Thursday, after July’s Federal Reserve policy statement was presented with a dovish touch. Although the central bank signaled that it would begin shrinking its massive holding of bonds “relatively soon”, the concerns over...
Oil Commodity
The Oil markets are attempting to extend their gains during early trading on Tuesday after OPEC and Non-OPEC members displayed optimism over the current production cut deal and seemed confident that the path they were treading would eventually rebalance the markets. Gains were also supported by Saudi Arabia pledging...
Mario Draghi
Last week the greenback was the biggest loser among all major currencies. The dollar index slipped to a 10-month low, while the Euro, the Pound, the Lonnie, and the Aussie all posted new 2017 highs. The dollar has been falling since the beginning of 2017 despite the two rate hikes...
Federal Reserve FOMC Stocks
With the absence of any top tier news and the markets waiting for further indications on the Fed’s policy when Janet Yellen testifies before Congress on Wednesday, investors and traders are currently in a ‘wait and see’ mode. The week kicked off with most major asset classes moving in tight...
Janet Yellen - Federal Reserve
Minutes from the Federal Reserve’s meeting on 13-14 June showed that monetary policy members were split over the timing of shrinking the balance sheet. While some Fed officials want to kick off the process for reducing the holdings of treasuries and asset-backed securities in September, others want to see more...
Gold Commodity
Equity investors entered the third quarter with an optimistic attitude. Despite the low trading volumes and shortened U.S. trading session, stocks across Europe and the U.S. posted considerable gains sending the Dow Jones industrial average to a new record high with the financial and energy sectors taking the lead. Data...
Canadian Dollar
Last week the financial markets experienced a very low volatility in equities, fixed income, and currency exchanges. The S&P 500 moved within 23 points trading range. Similarly, the U.S. 10-year Treasury bonds were stuck in a six basis points trading range, and FX markets were incredibly boring for many...
Oil Commodity
The continuous fall in oil prices has driven risk-off sentiments across all asset classes. U.S. stocks closed mostly lower on Wednesday despite the unexpected rise in home resales. The U.S. Treasury yield curve flattened further to almost a decade low ignoring the Fed policymaker’s hawkish statements. Meanwhile, commodity currencies...
Oil Commodity
Oil’s ongoing oversupply woes reached an ear-piercing crescendo during Tuesday’s trading session as WTI Crude plunged into a bear market after growing signs of rising production across the globe. WTI Crude was already extremely sensitive and vulnerable to losses amid the bearish sentiment with reports of an unexpected supply increase...
Currencies
Investors in love with tech stocks again. The sector which was held responsible for the pullback in equities in the last two weeks is driving indices to record highs. Suddenly valuations are no longer a worrying factor, and Fed tightening is less of a concern. It seems like bargain hunters...
Mark Carney
Last week central bankers took many traders by surprise. It started with the Federal Reserve’s monetary decision on Wednesday. The 25-basis points interest rate hike was fully priced in for several weeks, but many market participants expected a dovish statement due to the softness in recent economic data. However, the...
FOMC - Janet Yellen
The Federal Reserve’s decision on Wednesday to raise interest rates by 25 basis points was widely anticipated, but markets were surprised by the hawkishness in the policy statement and Chair Janet Yellen’s press conference. Even though projections for inflation were lowered to 1.6% from 1.9% in 2017, the dot plot...
Theresa May
Investors remain cautious for a third day in a row ahead of several key events that may spark volatility including former FBI Director James Comey’s testimony, the UK general election and the ECB meeting, which are all taking place on Thursday. Risk assets are obviously not ideal at this stage...
Great British Pound Currency US Dollar
Asian stocks followed Wall Street lower on Tuesday as the safe-haven Yen and gold strengthened after a disappointing start to the week. Apparently, it’s geopolitical risks leading the direction. While market participants were focused on the UK general election and former FBI head James Comey’s testimony on Thursday, Qatar...
New Zealand Dollar Currency NZD
The New Zealand dollar continues to fly high against the greenback over the last two weeks, with the bulls looking to really take control. It's not really a big surprise given the NZD likes to have big swings against the USD, but there are some underlying reasons for it. Firstly...
Great British Pound Currency
After suffering its heaviest week of losses so far in 2017, the British Pound is attempting to consolidate around 1.28 against the US Dollar. I personally think that politics will continue to influence the direction of the British Pound, and I believe that there is further momentum for the currency...
US Dollar Currency
The Greenback found itself under noticeable selling pressure during early trading on Thursday after May’s Federal Reserve meeting minutes were neatly packaged with a dovish undertone. Although expectations of a rate hike in June were realised when Federal Reserve officials said it would “soon be appropriate” to raise rates...
Great British Pound Currency
The Greenback was under pressure on Tuesday with prices finding comfort near a six-month low against a currency basket as political turmoil in Washington weighed heavily on sentiment. A growing sense of anxiety over Trump’s ability to move forward with the pro-growth policies amid this uncertainty has added to the...
Europe
It could be a return to instability if the Greek issues rear there ugly head again. Recent reports out of Brussels over the Greeks and their handling of debt has been slightly worrisome, and markets are a little on edge over the discussions. Currently Greece needs another tranche in June...
Great British Pound Currency
Asian equities roared back to life during early trading on Monday after oil’s sharp appreciation boosted global sentiment and rekindled risk appetite. European shares were mostly mixed as investors attempted to look beyond the political turmoil in Washington to focus on the macro-fundamentals in Europe. With concerns regarding Donald Trump’s...
v
Gold swiftly regained its safe haven lustre on Wednesday after wave upon wave of uncertainty swirling around Donald Trump weathered risk sentiment. Concerns have skyrocketed over the current political turmoil in the United States obstructing Trump’s efforts to implement his pro-growth policies, which simply punished the US Dollar. With expectations...
Great British Pound Currency
The main event risk for Sterling on Thursday will be April’s UK retail sales report which will be vital in providing some insight over the behaviour of consumers amid Brexit developments. With wage growth lagging behind inflation, the sales data may come under scrutiny for any signs of falling wages...
Australian Dollar Currency
The Australian dollar has been under a fair amount of pressure as of late, as a mixed bag out of China and recent weakness has got the Reserve Bank of Australia worked up. The weakness in China saw industrial production y/y dip to 6.5% (7.1% exp) and fixed asset investment...
New Zealand Dollar Currency NZD
It's been an active day of trading for the NZ dollar on the back of the recent dovish comments from the Governor of the Reserve Bank of New Zealand Graeme Wheeler. The outlook for further rate hikes seems diminishing rapidly with expectations now that we won't see any rate hikes...

LATEST

GBP recovers to 1.29 on surprise UK wages data

Great British Pound Currency
The UK wages growth surprised on the upside, as the British households saw their average earnings improved...

UK unemployment falls again to lowest since 1975, wage growth still lacklustre

Employee at Steel Plant China
Britain's unemployment labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly...

US Dollar holds gains

Federal Reserve
The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes. The Fed releases...

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Gold Commodity
Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American...
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