FXTM Nigeria to Celebrate Its Loyal Clients with a Prestigious Gala Dinner on Sept 24th, 2016
FXTM Nigeria is organizing a special gala dinner in appreciation of its valued traders and partners. Promising to be an afternoon packed with various exciting activities, the gala dinner will be tailored to add value to FXTM’s traders and partners. Some expected key highlights include: Insightful forecasts on the global markets from renowned FXTM market […]
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 […]
FXTM Partners Introduces Revolutionary Forex Affiliate Program
FXTM Partners are proud to be launching a brand new Hybrid Affiliate Program that’s unlike any other in the industry. This revolutionary partnership program is ideal for bloggers, social media gurus, webmasters and SEO specialists looking to broaden their online business and enhance their earning opportunities by tapping into the forex industry. Prospective partners will gain access to […]
China Slowdown Weighs Heavily on the Market
The markets opened this week with freshly disappointing news from China showing manufacturing levels have slowed for the third consecutive month. The HSBC and Markit purchasing managers index showed a reading of 48.1 in March, with anything below 50 indicating contraction. This was the lowest reading in eight months and signals the second largest economy […]
Market Instability Boosts Safe Haven Assets
The market has started the week with inherent risk aversion primarily linked to the uncertainty around the Ukraine-Crimea crisis and the concerns that the West will impose heavy sanctions on Russia. With the weekend’s referendum condemned as illegal by the US and the EU, the markets reflected their concerns regarding instability in the region with […]
Disappointing Jobs Data Puts US Recovery Under Pressure
The market is still reeling from Friday’s Non-Farm Payrolls (NFP) data announcement where only 113,000 new jobs were created in January, much less than was forecast. The low number was partially attributed to the unseasonably cold weather of the past few months; however there was good news in the form of the unemployment rate that […]
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 Rewards Journalists at Training Workshop and Demo Contest in Lagos
In the bid to improve understanding of forex trading and reporting of the money market in Nigeria, global broker Forex Time Ltd (FXTM) recently organised a one-day training workshop and forex demo competition for journalists in Lagos. FXTM, a financial services firm that provides Nigerian traders with world-class trading software, education and customer services, said […]
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 […]
Positive Data Floods US & UK as Economic Recovery Continues Steadily
Driven upward by the eurozone’s strongest economy, Germany, the Manufacturing PMI for the region grew to 51.6 in November, up from October’s 51.3 and rising steadily for a fifth consecutive month just as analysts predicted. The eurozone Services PMI on the other hand weakened slightly to 51.2 in November, but whilst the reading was lower […]
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 […]