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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.
Bitcoin
It has certainly been another eventful trading week for financial markets, as investors tussled with rocky Brexit negotiations, Catalonian developments and geopolitical tensions across the globe. Global stocks have displayed resilience against political and geopolitical risk this week, with Asian shares mostly higher during early trading on Friday - thanks...
Janet Yellen - Federal Reserve
When the Federal Reserve met on 19-20 September, it announced the start of winding down the $4.5billion balance sheet and maintained plans for a third-rate hike in 2017. The statement reflected confidence in the economic activity particularly the pickup in household spending and growth in business investments.  Despite the...
Stocks Up
A strong sense of relief was felt across financial markets on Tuesday evening, after Catalan leaders signed a “symbolic” declaration of independence but immediately suspended its formal approval and called for talks with Madrid. Although President Carles Puigdemont’s remarks disappointed many of his ardent supporters, who were hoping for a...
US Dollar Currency
The dollar index fell for a third consecutive day early Tuesday, despite markets expectations of a rate hike in December hovering near 90%. Since September 8, the index has rallied almost 3% in a clear sign that the greenback has finally found its feet, after declining more than 12%...
Currencies
The Turkish Lira was the worst performing currency early Monday, after the U.S. and Turkey announced suspending visa services for citizens looking to visit each country. Traders responded aggressively to the news sending the Lira more than 6% lower against the U.S. currency, its steepest decline since 15-July 2016...
Stock Market
World stock markets hit record highs on Thursday, as optimism over tax reforms in the United States boosted risk appetite. On Thursday, Republicans approved a fiscal spending blueprint that presented an outline for tax cuts and this instilled U.S equity bulls with enough inspiration to send the Dow, S&P 500...
European Central Bank
Investors have marched into the final trading quarter of 2017 with a risk-on attitude, as global stocks hit fresh record highs on Wednesday. Most Asian Indexes were supported by the renewed appetite for risk, while Wall Street stole the spotlight - both the S&P 500 Index and Dow Jones Industrial...
Great British Pound Currency
Conviction in the pound seems to have fallen off the way side after the most recent days of trading with the pound taking further hits as it slides down the chart. This may come as a surprise to many given the recent comments from the Bank of England about...
Euro Currency
The Euro selloff resumed on Tuesday, sending the single currency to $1.17 in Asia trade, the lowest in 6-weeks. The political risks have been gradually increasing in the past two weeks. It started with the German Federal Election, which led to the surge of the far-right and now Catalonia’s...
Euro Currency
The Euro came under pressure early Monday, falling more than 0.4% against the USD, after preliminary results from the weekend’s Catalonia referendum showed 90% of Catalans are in favor of independence. There’s a high chance that Spain may be headed towards a new crisis, especially if Catalonia’s President  Carles Puigdemont...
Stocks NYSE
The S&P 500 hit a new record high on Wednesday, while Treasuries continued to sell off after President Trump announced the tax plan framework, giving the dollar another boost against its major counterparts. The proposal to slash the corporate tax rate from 35% to 20% is probably less ambitious than...
Federal Reserve
Yellen has cast aside the dovish tone in the Trump era as of late, as she looks to turn up the heat on markets which have been downplaying the possibility of a December rate hike. Last week we saw a measured plan to reduce the current holdings of the...
Donald Trump
Demand for safe havens returned on Monday as war of words between North Korea and the U.S. triggered flight to safety amongst investors. The latest comments came from North Korea’s foreign minister, Ri Yong Ho, who accused the U.S. of declaring war and said that they have every right...
US Dollar Currency
The struggling greenback has finally found a lifeline after the Federal Reserve maintained its intention to raise interest rates in 2017 and begin the process of trimming the balance sheet. Before the Fed announced its decision, there were high expectations that monetary policymakers would drag interest rate expectations lower for...
Shinzo Abe
The Japanese economy is taking centre stage at present, as Shinzo Abe is set to call a snap election for October in order to maintain power. This comes off the back of North Korea tensions and of course a recent cabinet reshuffle which have improved his approval ratings. The...
Stocks NYSE
“Risk-on” was the name of the game during Monday’s trading session with World stocks marching into uncharted territories as tensions eased on the Korean peninsula. Most Asian Indexes received further support from the easing geopolitical tensions during early trading on Tuesday and European equities are likely to benefit from the...
Federal Reserve FOMC Stocks
Sterling surged above $1.36 last week, reminding investors that central banks remain the strongest drivers of currency markets. GBPUSD has risen 3% in two days, to trade at a 15-month high after the Bank of England signaled to lift rates from record lows. Investors had to adjust their positions...
US Dollar Currency
The US labour market and inflation data are looking all the more impressive after today's economic results - even Yellen in the FED will be taking notice and thinking about the coming December meeting. Inflation figures picked up to 1.9% Y/Y which is a strong result and in line...
Bank of England
Today’s Bank of England Monetary Policy Committee (MPC) announcement is the main event of the week. While it is highly unlikely that we will see an immediate interest rate hike, or a reduction in quantitative easing, the markets’ biggest question following the rise in inflation, is whether the central...
Stocks NYSE

S&P hits record high

The US economy continued another day of fighting back on the economic front as JOTLS job openings came in at 6.17M (6M exp) showcasing that the US labour market still has a lot of room to move and grow in the current economic environment. Traders were also taking a...
US Stocks
Investors returned from the weekend with a high appetite for risk assets, sending the S&P 500 to a new record high on Monday, with global equities edging higher across the board. Risk-on trading was driven by two factors; the absence of provocative actions from North Korea, and the fact...
US Dollar Currency
The dollar’s weakness and a surge in safe havens, were the central themes in the markets last week. The dollar index fell 1.4% in the past five trading days, taking the overall losses to 10.8% for the year. With market expectations of a U.S. rate hike in December falling...
Mario Draghi
Currency traders were in action yesterday with a couple of unanticipated events causing some wild swings in FX markets. The first was the resignation of the Fed vice-chairman Stanley Fisher, who is considered to be one of the hawks in the Federal Reserve. His departure leaves four of the seven...
US Dollar Currency
It's been a perfect storm for the USD bears today as the USD plummeted against major pairs and commodities. For some time the USD has been quite weak and major pairs have capitalised on it when possible, however there has been a major weather event recently with Hurricane Harvey causing...
Japanese Yen
Asian equity markets remained under pressure for a second consecutive day. Nervousness is still being felt through some asset classes after Sunday’s North Korea’s nuclear test, with the flow continuing into the Yen and Swiss Franc in particular. The most significant statement heard yesterday was from Nikki Hayley, the U.S....
US Dollar Currency
Haven assets were back in demand early Monday following yesterday’s North Korea’s most powerful nuclear bomb ever tested. Gold, Treasuries, Swiss Franc, and the Yen outperformed as investors try to assess the potential impact of North Korea's nuclear test. The market’s reaction seems similar to past missile launches, investors sell...
US Employment
Markets are looking forward to today's non-farm payroll figures which are sure to set the tone for the upcoming FOMC meeting and the possibility of a December rate hike. So far it has been a case of the labour market surprising many in the markets, but the reality is that...
US Dollar Currency
The greenback weakness has been the primary focus in FX trading this year. On Tuesday, the dollar index fell to a 2.5-year low of 91.62, with losses exceeding 10% since the begging of 2017. The underperformance was a result of many factors, including the collapse of Trump trade, convergence in...
Canadian Dollar
The woes in America continue to dominate global trading headlines, as the hurricane has been now downgraded to a tropical storm. Obviously, this is good news for the affected people, but markets have been quick to jump in on the action and none more so than oil markets at present....
v
Equities across the globe traded mostly in the red on Tuesday, after North Korea launched a ballistic missile over Japan. Although investors have become sensitized to such actions by Kim’s regime, firing missiles over Japan is a rare occurrence and the message appears to be that North Korea is...

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