The ForexTime Mobile App is Now Mightier than Ever!
Traders and investors around the world have embraced the ForexTime App since its launch in October 2015. Now, in line with FXTM’s unbendable commitment to continuously improve customer experience, this latest development will redefine trader possibilities. We have integrated a fully operational client area, completely managed within the already powerful and exclusively developed app, igniting the next […]
ForexTime Launches Exclusive 30% Bonus for Nigerian Clients
International Forex broker Forex Time (FXTM) has introduced a new 30% bonus exclusively for Nigerian clients to give them an extra push toward success. This new bonus aims at providing Nigerian traders with more opportunities to benefit from the world’s most liquid financial market. Forex trading, also known as currency trading, is the buying […]
Volatility Expected Ahead of Central Bank and Non-Farm Payrolls Announcements
Investor sentiment opened low again this week with the market depressed by new data from China showing further weakening in the local economy. Risk appetite is waning across the board as a result of concerns that China’s economy is losing momentum and with emerging economies under pressure after the US Federal Reserve’s decision to continue […]
Emerging Market Turmoil Drives Volatility in the Global Currency Markets
The week has begun with a risk adverse market in the wake of last Friday’s turmoil which saw a basket of emerging market currencies engaged in a large sell-off over fears of capital outflows from emerging markets. The currencies involved in the selling frenzy included Argentina’s peso, Russia’s ruble and the Turkish lira. The situation […]
Forextime Nigeria Teaches Investors Key Skills for Forex Success
A highly successful series of free training days recently hosted by ForexTime Nigeria in Abuja and Lagos saw more than two hundred investors enhance their forex skills with key professional training to help give their investment portfolios a true boost. Each city hosted a two day workshop where investors were trained in essential forex skills. […]
Market Awaits Unemployment Data for Signs of Meaningful Recovery in the US
The USD last Friday enjoyed its strongest rally since November 2013, hitting 1.3508 in response to buoyant retail and consumer data indicating that the US economy is improving. This data has further boosted speculation that the US Federal Reserve will continue to reduce the economic stimulus, however policy makers will need to continue to monitor […]
US Non-farm Payrolls Drop Drastically While Non-manufacturing Sector Slows Down
The second week of 2014 included a number of significant economic data releases in the European Union, with the German Consumer Price Index (YoY) for December leading the frontline on January 6th, released at 1.4% as expected and acting as a small improvement from the previous month’s 1.3%. The German Harmonised Index of Consumer Prices […]
FXTM Celebrates a Year of Landmark Achievements
Global broker Forex Time Ltd (FXTM) has much to celebrate this festive season, ending a year of successful operations that has elevated the company’s status to that of a leading player in the forex world. Since the start of its operations in February 2013, the fresh and dynamic company has carved a unique niche for […]
Will Bernanke Finally Announce a Scale Back of US Asset Purchases?
The market is on edge this week as it awaits the crucial news from the US on Wednesday as to whether the Federal Reserve will begin to scale back its $85 billion asset purchases programme. This week’s FOMC meeting will be the last for Chairman Ben Bernanke and there is optimism in the market that he […]
Market Anticipates Volatility in the Wake of US Unemployment Data
Volatility is expected in the forex market ahead of a week full of important economic data releases from the world’s major economies. The trading week has started well with positive manufacturing PMI data in China showing improved economic activity, meanwhile interest rate announcements are scheduled for the UK, Eurozone and Australia, and the market is eagerly […]
Eurozone Inflation Becomes the Focus as Market Looks for Signs of Global Recovery
The euro endured a tough start to last week with the EUR/USD dipping to fresh lows below the 1.3500 handle in the wake of the mixed data from Germany’s ZEW survey and disappointing Eurozone manufacturing and services PMIs. The market will be hoping Friday’s Consumer Price Index announcement will be more positive, with analysts predicting a […]
FOREX TIME Participates in Shanghai International Money Fair
The European Union regulated and global forex broker, ForexTime Ltd (FXTM), has displayed its strong growth and development plans as it recently announced it will participate in the 11th Shanghai International Money Fair, the renowned personal and corporate financial expo in China. By participating at the fair, ForexTime intends to establish a local presence in […]
MARKET UPDATE: QE In The US Comes To A Standstill As Janet Yellen Gets In Line To Fill Bernanke’s Shoes
The result of last week’s FOMC Minutes in the US was largely centered on Janet Yellen’s nomination as the next Chairwoman of the Federal Reserve. Whilst estimates foretold that QE tapering was in the cards to be announced at last week’s Minutes – as was an imminent end to QE altogether by mid-2014 – neither […]
Market Update: Confidence Resurfaces in Eurozone
Nothing too out of the ordinary emanated from the US last week, with an array of both disappointing and encouraging key economic indicators released. The Consumer Price Index (CPI) rose only 0.1% in August as opposed to July’s figure of 0.2%, with the Labor Department naming high costs in the housing sector as the culprit […]
Market Report: Europe and the US Show Signs of Economic Recovery, Japan Lags Behind
Statistics released on August 13th have revealed that retail sales in the US climbed 0.2% in the month of July after four consecutive monthly drops in 2013. The cause of this upsurge is thought to be the rising fuel prices which acted as a significant contribution to making non-fuel prices lower. On a downside, US exports […]
MARKET UPDATE: US Jobs Data Triggers USD Weakness Across the Board
The fortunes of the forex market have been hinged almost entirely on the fate of the US dollar in the past few weeks and this was particularly evident after Friday’s disappointing Non-Farm Payrolls (NFP) data was announced and the US dollar weakened against all of the major currencies. After the announcement on Friday, EUR/USD rose […]