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  1. Forextime.com Daily Market Analysis The Week ahead: Politics to take center stage Donald Trump is finally in power, a new era has arrived, and his policy plans in the first couple of weeks will override fundamentals. Markets spent more than two months pricing in growth policies promises, lowers corporate taxes, and deregulations, now it is time to deliver as markets will no more move on words but actions. U.S. dollar bulls were not really impressed in the new Presidents’ inauguration speech, as it was focused more on protectionism and lacked any concrete plans to drive growth. Repealing Obamacare, building a Mexican border wall, and withdrawing from the Trans Pacific Partnership are not the kind of news investors want to hear, they need to know when pro-growth fiscal policies will come into play and more importantly whether congress will approve them. The days and weeks ahead will likely see volatility increase in equities, fixed income, and currency markets. Investors are already buying exchange-traded products that track volatility, this explains the level of expected uncertainty going forward. The week ahead will also see U.S. earnings season move into high gear with more than 20% of S&P 500 companies reporting fourth quarter results including Alphabet, Amazon, Microsoft, McDonald’s, Verizon, Johnson & Johnson, Boeing, EBay, and AT&T. According to Factset, 61% of the companies that reported results so far managed to beat profit estimates, while only 47% managed to beat on revenues. On the U.S. economic data front, all eyes will be on Friday’s U.S. Q4 GDP release. Growth is anticipated to slow significantly from Q3 3.5% to only 2.2%, as net trade expected to turn negative. Homes sales, services PMI’s, trade balance, and durable goods are also on the agenda for next week. It will also be an interesting week for sterling as U.K.’s supreme court will eventually deliver its ruling on Tuesday on whether Prime Minister Theresa May can activate the process for Brexit without parliamentary approval. We highly expect that the court will rule in favor of Parliament’s approval to trigger article 50, but any spike in sterling likely to be short lived. More Info Here By Hussein Sayed, Chief Market Strategist (Gulf & MENA)
  2. FXTMbasejump Legend Shares World-Record Journey with BBC In November 2016, the #FXTMbasejump project concluded with Red Bull athlete, Valery Rozov, conquering a world-record in BASE jumping. The jump was performed from mount Cho Oyu in China at 7700metres, following a series of trainings and expeditions in various countries around the world. After sharing his experience with Chinese and International media, Valery was invited to look back on the journey to the world-record at the GMT BBC World News show on the 12th of January, 2017. The renowned BASE jumper was invited for two interviews, where the second also featured the athlete’s oldest son, Andrey Rozov. Some of the things discussed during the interviews were: - Valery’s journey to Cho Oyu and the world-record - How he began his career in BASE jumping - The importance of his training and preparation - His emotions before and after the jump You can watch the full interviews below: BBC Interview with World Record BASE jumper Valery Rozov | #FXTMbasejump London 12/01/17 Watch Here BBC Interview World Record BASE Jumper Valery Rozov & his Son, Andrey Rozov | London 12/01/17 Watch Here Take a look back at the entire journey of the FXTMbasejump project, Here Still not trading with a leading broker? Register with FXTM FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  3. PAMM Strategy Providers JOIN THE FXTM PMD AS A STRATEGY PROVIDER! The FXTM Portfolio Asset Management Mechanism Program (PAMM) is a pioneering portfolio management service developed by FXTM, allowing skillful traders to provide trading strategies to FXTM’s Portfolio Management Department (PMD) and receive compensation. FXTM leverages forex industry knowledge together with superior technological capabilities through the PAMM program, taking advantage of forex as a separate asset class within the client’s overall portfolio. The FXTM PMD is now inviting skillful traders with viable trading strategies in the market to join the FXTM PAMM program. Strategy Providers will receive a 20% compensation fee for their successful strategies or even higher at the discretion of the PMD. The Benefits - Join a groundbreaking forex service - Claim rewards for your trading strategies - Confidentiality and security - Enjoy additional funds to invest with Become a PAMM Strategy Provider in 4 simple steps: - Register with FXTM - Provide your trading history - Wait for approval by the FXTM PMD - Once approved you will receive compensation for your strategies Still not trading with a leading broker? Register with FXTM FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  4. Forextime.com Daily Market Analysis Aussie dollar cracks major levels The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom. Volatility was most certainly the key player for the day, and traders took full advantage. Yesterday there were strong comments that the AUD was currently overvalued, but it would seem that the market had other ideas as it raced up the charts knocking out some key levels along the way. The market is further poised for today consumer sentiment, which will give some indication if the Trump effect has spread to Australia in the wake of recent events. Expectations have previously been very low and I would expect this to be the theme going forward but with the possibility of a surprise in economic data as we have previously seen. For the AUDUSD traders resistance was not a problem today as it smashed through 0.7531 on the charts and looked to climb even higher, coming up just short of 0.7567. The 0.7567 level is very strong and I would expect to see some stiff resistance unless we see some positive fundamental data come out in the next few hours. In the event of a pullback I would expect that the 100 day moving average could act as dynamic resistance if it is a strong pullback, otherwise I would anticipate that former resistance level at 0.7531 looking to hold out in the long run. One of the interesting things about a stronger USD has been the flow on effect to metals, none more so than silver which has so far seen a solid bullish trend appear in the short term and has briefly pushed through resistance at 17.133. The strong sell off today in USD certainly had a big impact in helping making this progress, but the real test is set to come as it sizes up resistance at 17.308, which I would expect to be a very strong level. The 200 day moving average is also intersecting with this strong level of resistance and has previously acted as a strong dynamic level for market movements. However, the trend is certainly your friend and this could be the case as silver looks to climb higher in the build up to Trumps inauguration on Friday. Lastly, the NZDUSD has managed to also climb up the charts, but recent reports around the dairy auction paint a messy picture that shows that New Zealand's economy may not be as strong as recent economists had predicted. The jump higher today to resistance at 0.7222 has shown there is strong demand during patches of weakness, however this level has proved time and time again to also fight back and push prices lower. More Info Here By Alex Gurr, Guest Analyst
  5. Forextime.com Daily Market Analysis Aussie dollar cracks major levels The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom. Volatility was most certainly the key player for the day, and traders took full advantage. Yesterday there were strong comments that the AUD was currently overvalued, but it would seem that the market had other ideas as it raced up the charts knocking out some key levels along the way. The market is further poised for today consumer sentiment, which will give some indication if the Trump effect has spread to Australia in the wake of recent events. Expectations have previously been very low and I would expect this to be the theme going forward but with the possibility of a surprise in economic data as we have previously seen. For the AUDUSD traders resistance was not a problem today as it smashed through 0.7531 on the charts and looked to climb even higher, coming up just short of 0.7567. The 0.7567 level is very strong and I would expect to see some stiff resistance unless we see some positive fundamental data come out in the next few hours. In the event of a pullback I would expect that the 100 day moving average could act as dynamic resistance if it is a strong pullback, otherwise I would anticipate that former resistance level at 0.7531 looking to hold out in the long run. One of the interesting things about a stronger USD has been the flow on effect to metals, none more so than silver which has so far seen a solid bullish trend appear in the short term and has briefly pushed through resistance at 17.133. The strong sell off today in USD certainly had a big impact in helping making this progress, but the real test is set to come as it sizes up resistance at 17.308, which I would expect to be a very strong level. The 200 day moving average is also intersecting with this strong level of resistance and has previously acted as a strong dynamic level for market movements. However, the trend is certainly your friend and this could be the case as silver looks to climb higher in the build up to Trumps inauguration on Friday. Lastly, the NZDUSD has managed to also climb up the charts, but recent reports around the dairy auction paint a messy picture that shows that New Zealand's economy may not be as strong as recent economists had predicted. The jump higher today to resistance at 0.7222 has shown there is strong demand during patches of weakness, however this level has proved time and time again to also fight back and push prices lower. More Info Here By Alex Gurr, Guest Analyst
  6. Pamm Investors TRUST THE EXPERTS INVEST IN OUR PAMM PROGRAM! For the modern trader time is priceless. Through the PAMM program, FXTM offers investors the ability to maximize the value of their time while optimizing their portfolio. PAMM is perfect for traders who see the potential of investing in forex but lack the time or technical skills to do so. Your investment will be managed by the FXTM Portfolio Management Department where experts with the necessary experience and expertise will help achieve your goals. Portfolios are chosen through a selection of carefully evaluated traders with consistently successful trading strategies. You only have to choose your financial goals and the risk you are willing to take and our Portfolio Management Department will arrange a suitable portfolio for you to invest in. The Benefits - Traders set their goals – PAMM will guide and help through every step - Investors can take advantage of PMD evaluated trading strategies - Wide selection of available portfolios to suit all needs and risk profiles - Portfolio progress and results available on-demand Become a PAMM Investor in 5 easy steps: - Register with FXTM and go to the PAMM Investors section in MyFXTM - Take the suitability test to discover your investment profile - Wait for approval - Fund your Portfolio Management Cash wallet in EUR, USD or GBP - The PMD will then invest your money in the appropriate portfolio or create a custom one according to your needs Still not trading with a leading broker? Register with FXTM FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  7. Forextime.com Daily Market Analysis Volatility elevated ahead of May’s Brexit speech; Pound recovers It’s Sterling’s day. Financial markets are anxiously awaiting U.K.’s Prime Minister Theresa May speech later today where she will lay out a detailed divorce plan from the EU. Lot of reports were leaked since Sunday on what to expect her to say, and the most interesting part is that she has no interest in partial departure which suggests we’re heading towards a “Hard Brexit”. Traders were very fast to react, sending the pound 1.6% lower on Monday to trade below 1.20. However, the recovery in early Asian trade Tuesday indicates that lot of the bad news are already priced in, and for the pound to fall substantially lower it requires more than just signs of a hard Brexit plan. If the Supreme court decided that May needs to secure the consent of Parliament before triggering article 50, potentially delaying Brexit for couple of months, this is likely to provide sterling a boost by unwinding many short positions. Traders should be aware that sterling won’t be a one way play and volatility could be elevated to extreme levels. On the data front, UK CPI is expected to hit 1.4% in December, up 0.2% from November and 0.5% from October’s reading. This will not only mark the highest inflation rate since mid-2014 but the pace of inflation escalation is pulling U.K.’s real interest rates even lower. Of course, this is going to be a challenge for the BoE, but if it indicates anything, it’s interest rates next move is only upward, leaving monetary policy with very few options to support the economy if needed. The safe haven Yen is the major beneficiary of the heightened uncertainty over U.K.’s Hard Brexit scenario and Trump’s policies. USDJPY has fallen for the seventh straight day, and declined by more than 4.3% from January 3 peak. The fall in bond yields worldwide will continue to lend some support for the Yen, but whenever this trade is over I expect the Yen to weaken again. The U.S. dollar is falling against all its major peers with the index dropping below 101. There’s no fundamental reason for the selloff and I don’t think the dollar’s rally is over yet, but the “Trump trade” has clearly cooled down in the past couple of days as markets still have many answered questions regarding future fiscal policies. Let’s hope we get some answers on Fridays inauguration. More Info Here By Hussein Sayed, Chief Market Strategist (Gulf & MENA)
  8. FXTM Presents the Market Forecast for 2017 (Q1) In accordance with FXTM’s client-centric commitment to keep its traders informed and prepared, the broker’s team of Market Analysts, have written up a comprehensive market forecast for the first quarter of 2017. Clients can now download the full report and get the entire scope for the upcoming months, with additional fundamental and technical insights and an overall summary of major financial events to look out for. Access the forecast now and become more aware of: - The potential state of the markets in a year that will inaugurate Donald Trump as President of the United States and see Great Britain officially leaving the EU - Likely trajectories for major currency pairs - How the price of popular instruments such as Gold and WTI Crude Oil will fare - Technical factors likely to influence opportunities during Q1 of 2017 - And much more! Visit the Market Forecast page to download and read what’s in store for your preferred instruments in the first quarter of 2017 - available for both mobile and desktop. Need to freshen up on the events that shook the markets in 2016? Read FXTM’s Yearly Market Overview. Want to stay even more informed and up-to-date? Be sure to bookmark FXTM’s Daily Market Analysis to keep your finger on the pulse of the markets at all times. Still not trading with a leading broker? Register with FXTM FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  9. 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 one of the most comprehensive schemes in the business, specifically designed to suit their needs and requirements. What FXTM Partners’ unique Hybrid Affiliate Program offers: Progressive CPA (Cost Per Acquisition) for Qualified Active Traders Weekly Dynamic Rebates for a lifetime of clients’ trading Guaranteed payouts for Non-CPA-Qualified Traders A new state-of-the-art Affiliate panel, designed for immediate access to reporting tools. Safe and easy payments through a wide range of payment methods Full access to live performance statistics and progress reports A vast array of promotional tools to aid in traffic conversionAnd even more! Along with the launch of the new Affiliate Program, FXTM Partners is also unveiling a completely revamped website where potential partners can navigate through each program with ease and set up their registration in minutes. In the meantime, offline Introducing Brokers will continue to enjoy outstanding features provided by FXTM Partners. Some of these include: A big choice of Rebate Plans that are tailored to the Introducer’s preferences A brand-new IB dashboard where Introducers can check their statistics, get banners and tap into a variety of other modern reporting tools Local guidance and support in the form of events, seminars and Local Payment Agent solutions And much more! Do you have a large network of either offline or online acquaintances? Join FXTM Partners and broaden your business potential Here. FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  10. Forextime.com Daily Market Analysis President-elect leaves dollar bulls unimpressed The long-awaited first press conference by President-elect Donald Trump left many investors with more questions than answers as he failed to justify the current premium priced in the dollar and equity markets. We already knew that Trump wants to build a border wall with Mexico, bring back U.S. production onshore, and that he’s willing to be the best job creator America ever knew, but what’s his plans on corporate tax reforms? How and when is he planning to spend on roads, bridges, and other infrastructure projects? Is he going to impose tariffs on imported goods from China, Mexico and the rest of the world? Unfortunately, no updates were revealed. Thus, the greenback was dragged, falling against all major currencies on Wednesday with the dollar index falling to lowest levels since Dec 14 at 101.28. The selloff continued until early Thursday suggesting that dollar bulls are no more willing to price any additional premium until we get more clarity on his promised fiscal plans. The continued fall in U.S. treasury yields is another factor dragging the dollar. U.S. 10 year yields have been in a down trend since Dec 14, losing 11.8% in value after spiking 42% since the election results were revealed. U.S. stocks were less impacted, and managed to close higher despite the volatility and sharp selloff in pharma stocks which were attacked by Trump. Whether the rally can be sustained will depend on two factors, earning growth and actions from Trump’s administration as his words and tweets are clearly starting to show less influence. The combination of dollar weakness, lower U.S. yields and doubts in Trump's policies offered gold a boost, with the yellow metal posting a high of 1,199. So far gold has recovered 6.8% from December lows, and trader higher in 11 out of 13 days. Fed Chair Janet Yellen’s speech will probably decide whether we’re going to see a break and hold above 1,200 today. More Info Here By Hussein Sayed, Chief Market Strategist (Gulf & MENA)
  11. Start trading on the MT5 WebTrader with FXTM In line with FXTM’s mission to provide you with the best online trading experience, the broker is proud to introduce the newly updated MT5 trading platform – now with hedging – on WebTrader. Available for all popular browsers, including Google Chrome, Safari, Mozilla Firefox and Internet Explorer, the MT5 WebTrader is here to pave the way toward easier and more accessible trading. Take advantage of the MT5’s exclusive features: - Hedging available - Extensive Technical and Fundamental analysis - Additional pending order types - Sophisticated strategy tester - Real-time market depth - And so much more! Get access to the most state-of-the-art platform straight from your browser. With no download required, traders can just login to MyFXTM and start trading. For more information on the MT5 Webtrader visit FXTM’s trading platform page right HERE Still not trading with a leading broker? Register with FXTM FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  12. Forextime.com Daily Market Analysis Asian equities retreat as investors shift to cautious mode After a strong start for the year, equity markets started to cool down in the second trading week of 2017. Most Asian major indices are in red today, as Wall Street failed to make new highs and the Dow retreated further from the key psychological 20,000 mark, while oil suffered a steep selloff on Monday. Investors who built their positions based on Trump’s victory are likely to start cashing out for the time being and shift their focus on fundamentals with the earning season kicking off later this week when U.S. big banks release their fourth quarter results. I’m not confident to call a correction yet, but certainly many investors got ahead of themselves betting on fiscal stimulus, and while business usually tends to under promise and over deliver, this doesn’t seem to be the case with the U.S. new President. Although Kuwait’s Oil Minister Essam Al-Marzouk who is chairing the committee to oversee compliance of OPEC’s output assured the markets that OPEC and non-OPEC members will abide to the planned cuts, still both oil benchmarks dropped 4% on Monday. This clearly indicates that it’s not just an OPEC game, and the expected increase in U.S. and Canadian supplies are likely to threaten the oil rally. Data from the U.S. on Friday showed rig counts rose for ten consecutive weeks and it’s just about some time for this to translate into additional production, suggesting that downside risk may remain in play, and rather than just focusing on implementations of OPEC production cuts, investors should be looking at the bigger picture on whether supply will meet demand in the second half of 2017. The U.S. dollar fell for a second day, extending its slide from the 14-year high hit on January 3. The pull back in the dollar came despite hawkish speeches from Fed officials suggesting that the central bank is getting closer to achieving its dual mandate. Both Fed presidents, Charles Evans and Patrick Harker aren’t ruling out three rate hikes in 2017, while Eric Rosengren called for stepping up the pace of interest rates hikes to prevent inflation from overshooting. However, traders are still not yet completely convinced and pricing in only two hikes for 2017 according to CME’s Fed Watch. With no tier one economic data on the calendar until Friday, U.S. bond yields will remain to be the key driver for the greenback. The Pound remained under pressure after Monday’s steep selloff on comments from UK’s Prime Minister Theresa May which intensified fears of “Hard Brexit”. Although the pound looks undervalued, the risk of further selloff may remain in play as we get closer to triggering article 50. Meanwhile comments from Scotland’s First Minister on BBC that she’s not bluffing about her vow to hold a second referendum on Scottish independence if Britain leaves the single market is another factor to worry about on the medium-term. More Info Here By Hussein Sayed, Chief Market Strategist (Gulf & MENA)
  13. FXTM’s Updated Margin Requirements for ECN Servers After very popular demand from its clients, FXTM is proud to present an exclusive new trading condition: 1:1000 leverage offered across all trading accounts on the ECN Server. Effective Thursday, September 1, 2016, every trader – regardless of the size of initial deposit – will be able to reap the benefits of the almighty ECN Server. Some of the major benefits that all clients can now enjoy include: -Significantly-reduced Trading Costs -No Re-Quotes -Full Transparency -No Dealing Desk Technology (NDD) -Ultra-Fast Execution Speeds (visit our Performance Statistics page for details) -Allowed Scalping As a dedicated client-centric broker, FXTM continuously aims to enhance client trading experience, and this latest modification is a big and important step towards improving leverage offered across all servers*. As a result, and in order to reflect recent market volatility as accurately as possible, some Margin Requirements have been adjusted for FX Majors, FX Minors and Exotics on all servers except Pro and Cent. The new requirements will be applied in case of any activity on the trading account (Opened, Closed or Modified Positions) and aims to help protect client equity. Still not trading with a leading broker? Register with FXTM FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  14. FXTM introduces Refer a Friend Program for All Registered Clients FXTM has introduced a brand new refer-a-friend program for all registered clients to participate in. Qualified clients will get a unique referral link, which they’ll able to use when they spread the word about FXTM to all of their friends and family. The advantages of the Program: Get $25 per friend. As soon as someone becomes an active trader* using a client’s link, $25 are added to that client’s wallet. Earn up to $10,000. The more friends a client brings in, the more money they make! It’s that simple. Manage your Referrals. Through a specially-designed MyFXTM panel, clients can track the progress and status of their referral money and active traders. Through its MyFXTM Refer-a-Friend section, FXTM also has ready-made shareable suggestions for clients who might be stuck on what to promote to their friends. If you have any questions or concerns, don’t hesitate to contact client support. Not trading with a leading broker? Join FXTM today and tell your friends about it! Still not trading with a leading broker? Register with FXTM FXTM Online Forex Trading Broker | ForexTime (FXTM) | Facebook: www.facebook.com/ForexTime ✓Traders from 156 countries | ✓13 international awards | ✓16 secure payment methods | ✓25 languages supported
  15. Forextime.com Daily Market Analysis Fed outlook turns hawkish The US economy was thrown back into the spotlight today as the FOMC minutes were released and the dovish FED of the past certainly looked a thing of the past, with some of the most upbeat and hawkish minutes that have been seen in a long time. Almost all of the officials present in the meeting expected that with Trumps appointment growth was expected to pick up in line with his expansionary policies. One thing that also stood out was the FED's own expectation around inflation with expectations that it will increase to the magic 2% mark in the medium term, and the recent lift in quarterly inflation was further credit to this theory. Regardless of the trump effect the FED looks to be singing the same tune as the market and that can only be positive for the bulls in the short term. The real question will be around what Trump can actually do with congress in order to get the US economy moving again and the economy expanding further - even when it's almost at full capacity when it comes to employment. Regardless of how you viewed the FOMC minutes, the recent economic data out of the US has been positive with the construction spending m/m lifting to 0.9% (0.5% exp) and ISM manufacturing PMI also lifting to 54.7 (53.8 exp). All of this has boded well for traders and the markets have responded accordingly with the S&P 500 lifting back up to a strong level of resistance in anticipation of tomorrows economic data due out on the employment sector and the services sector as well. Even with resistance currently sitting at 2272 the expectation of further highs is fresh on traders' minds and they will be looking to push the boundaries further in the current climate. A push upwards to 2300 is very much on the cards if the market sees further positive US economic data tomorrow. One thing that is also worth watching out for in tomorrow's trading is oil markets, previously they have been moving quite rapidly in the low volume trading and volatility is certainly ever traders friend. The recent build up in private storage showed that perhaps oil markets still needed a little more time to correct and we saw prices fall accordingly down to the 20 day moving average before finding dynamic support. Expectations are for a decline in overall oil inventories, but after the recent private reading the market may have altered its expectations. Technically speaking though oil is looking very strong with resistance sitting tight at 54.46, to get past this level we would need to see a large drawdown in crude oil inventories, and this may be a bit of an ask just after Christmas. Any further falls are also likely to struggle past the 20 day moving average, and even more so the 50 day moving average which is acting as dynamic support for market movements at present. More Info Here By Alex Gurr, Guest Analyst