MARKET UPDATE: Uncertain US Fiscal Strategy Causes See-sawing in Market Sentiment
The economic uncertainty in the US has led to a see-sawing of market sentiment in recent weeks, bouncing up when positive economic data from the US is revealed and dropping down again when further news is negative. Federal Reserve Chairman, Ben Bernanke has consistently said he will not consider trimming the economic stimulus which is […]
Market Update: Rumours Trigger Confusion in the Market
The US dollar started the week on a positive note with strength across the board. However, the market demonstrated a degree of surprise and confusion when rumours began to spread that Federal Reserve Chairman Ben Bernanke might not trim the stimulus in September as expected. On Wednesday, Bernanke confirmed these rumours reiterating his previous statements […]
MARKET UPDATE: US Economy Optimism Boosts USD
The US dollar has been strengthening across most of the majors as optimism has flooded the market amidst growing speculation that the US Federal Reserve will trim the stimulus back as early as September this year. The market will be closely watching for further policy indications when Fed Chairman Ben Bernanke speaks on Wednesday, the […]
Market Update: US unemployment Data Key To Forex Market
A degree of stability has hit the market in the wake of the volatility of last week, but this may be short lived with important US unemployment data due out later in the week. There are rumours in the market that, should there be stronger than forecast unemployment data, the Federal Reserve may decide to […]
FXTM Market Update
Federal Reserve Chairman, Ben Bernanke, yesterday announced that he is waiting for unemployment levels to drop to 6.5% before he will consider cutting the financial stimulus to the US economy. He said the economy is improving, but he is still not satisfied with the high unemployment rate of 7.6%. With Bernanke stepping down as Chairman […]
FXTM Launches Over-The-Weeekend Account
Any experienced trader knows that one of the downsides of executing a medium-to long term forex trading strategy is the necessity of leaving positions open overnight – this is when trades incur rollover charges, also known as forex swap rates. In response to this, international forex broker ForexTime Ltd (FXTM), has just announced that they […]
Forex Time Market Update
This week is an interesting time for currency and commodity traders with volatility expected in the markets due to several influential economic news announcements. The primary focus is on the US economy and whether it is truly strengthening. Employment data announcements this week are expected to have a critical impact on Federal Reserve President Ben […]
FOREXTIME Announces Launch of Zulutrade
ForexTime Ltd (FXTM) has announced the launch of the revolutionary ZuluTrade; a platform that provides all ForexTime traders with the ability to follow and mirror the activities of professional and talented traders globally. Under this new partnership, traders can benefit from the superior execution, support and services of ForexTime while converting the strategies of leading […]
Online Trading gets better as FOREXTIME launches new Currency Pairs and CFDs
ForexTime Ltd (FXTM) has announced the launch of 7 new currency pairs and 13 new CFD instruments for trading, giving traders more options and variety in their trading. The new currency pairs include exotic pairs, crosses with the Swiss Franc and crosses with the Australian Dollar, a major commodity currency. ForexTime gives its clients […]
Forex brokerage firm, ForexTime, opens Nigeria office, starts operations
Forex brokerage firm, ForexTime Limited, has opened an office in Nigeria, and has commenced operations, the firm has announced. The firm will bring to Nigerians, its trading services — shares, commodities, indices, precious metals and foreign exchange — and will also provide support for its online traders. ForexTime’s co-founder , Andrey Dashin, explains their uniqueness […]