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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.
Petrochina Oil
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
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...
British Pound vs 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
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
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
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...
British Pound
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...
Grest British Pound
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...
Gold
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...
British Pound
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
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
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...
Bank of England
Pound sterling has been flirting with the 1.3 level for most of the past week, but failing to break above this key level indicates that a strong catalyst is needed to convince traders to go long from here. Whether we see a break above or a pullback hinges upon the...
Trader Stocks
The best way to describe recent market price action is boring. Although S&P 500 touched a new record-high on Tuesday, the index has been trading in a range of less than 0.5% for the past ten days, and when excluding the rise of 0.41% on 5th May, it was...
Stocks Trader
The CBOE Volatility Index fell yesterday to the lowest level since 1993 to trade in single digits. The VIX, which is based on option contracts on the S&P 500 index for each month is aimed to look ahead and perform as a leading indicator as it's driven by the...
US Dollar
The U.S. dollar and Treasury yields across the curve bounced higher after the Fed signaled that a June rate hike is still on the way. Monetary policy-makers acknowledged that there is some softness in the economy, but seemed confident that recent economic slowdown is likely to be temporary. Otherwise, there...
Janet Yellen - Federal Reserve
Investors and traders across different asset classes are eager to know what the Fed is currently thinking, as U.S. equities sit at record highs, the U.S. dollar is close to November 2016 lows, and treasury yields are in a downtrend move. The question today is not whether the Fed will...
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...

LATEST

Oil edges up, but still set for worst first half performance in 20 years

Oil
Oil edged up on Friday, recovering some of the steep falls earlier in the week, but crude...

Oil-linked currencies gain with the commodity’s rise; dollar retreats

Brent Oil
As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked...

Will Silver be Impacted by Rising Fed Hawkishness?

Silver
Silver has continued to see concerted selling pressure as price action remains trapped within the confines of...
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