FXTM Company News

Keep up with the pace of the currency markets with FXTM’s 2017 Market Forecast for Q3!

FXTM’s Market Research team, led by the VP of Corporate Development and Market Research, Jameel Ahmad, takes a look at how major financial instruments have been fairing over Q2 and where they are potentially headed in the third quarter. Seize the opportunity to get an in-depth understanding and a broader picture of the technicals and the fundamentals that may impact your forex trading strategies and preferred instruments.

 Hone your trading by reading about:

• EURUSD: Is it time for the rally to take a breather?
• GBPUSD: Ongoing Brexit woes and geopolitical risk putting pressure on the pound.
• USDJPY: What’s behind the recent struggles of the currency pair?
• Gold: the impact of shifting global monetary policy.    
• And much more!

Loaded with the latest daily, weekly and monthly charts, this edition of FXTM’s forex forecast also features two bonus articles by Jameel Ahmad and Lukman Otunuga, Research Analyst. Read samples of the Market Forecast directly on the FXTM website now, or download the forecast in PDF.

Be prepared for what’s to come in the third quarter with FXTM’s Market Forecast!

Stay up to date with the latest market analysis from FXTM’s Market Research Team by bookmarking our Daily Market Analysis page!

Still not trading with a global forex authority? Open your account today!

FXTM continues to lead the market in China with a media tour conducted at the end of June. Focused on both market analysis and educational events, the tour was comprised of meetings, interviews and media Q&As pertaining to Ultimate Trading Formula workshop. The event was held on 27 and 28 June, 2017, and journalists were invited to speak with Andreas Thalassinos, FXTM’s Head of Education.

Between 27 and 29 June, FXTM’s VP of Corporate Development and Market Research, Jameel Ahmad, conducted meetings in Beijing with top tier outlets from the region, including Bloomberg, Reuters, China Daily and Caixin.

Summary of topics discussed:

• Related trends and the outlook of the Yuan against the US Dollar.
• Expectations of a potential US interest rate hike in the second half of the year.
• General outlook on US monetary policy and its impact on the USD.
• The trend of anti-globalisation.
• Outlook on the Euro, Japanese Yen and other major currencies.

During this time, Ahmad attended “The New Renminbi Reality” event hosted by Bloomberg LIVE on 29 June, which brought together China’s leading market movers under one roof to tackle issues facing the currency. He also made an appearance on CGTN for an exclusive interview, which you can see below:

The second part of the tour took place during the Ultimate Trading Formula workshop, hosted by FXTM’s Head of Education and internationally-renowned FX educator, Mr. Thalassinos. On 27 and 28 June, following the 2017 edition of the Brokers Show Expo, attendees were treated to Thalassinos’ popular workshop on Risk Management, Fibonacci Levels and Entry Confirmation Signals.

Together with Yue Zhong, the Head of China Corporate Development & Market Research, Thalassinos was interviewed by China Securities Journal, one of the foremost authorities on Chinese securities and trading, and Shanghai Securities News, a leading financial newspaper. 

While the main focus of the interviews was FXTM’s unyielding commitment to forex investor education, other topics included:

• The trend and outlook of oil and major currencies.
• Opinions on global macro-economy, with China’s A-Shares included in the MSCI.
• FXTM’s presence and plans in China

The staff of FXTM Nigeria wish all of our clients a happy Eid Mubarak!

Kindly be informed that both of our offices in Abuja and Lagos will remain closed during the holiday on Monday, 26 June, and Tuesday, 27 June, 2017.

Please note that trading activities will not be affected. Both offices will reopen on Wednesday, 28 June, 2017.

From all of us at FXTM, enjoy the celebrations and Eid Mubarak!

FXTM continues  to expand its global footprint in key regions across the world, with its first-ever media tour in South Africa on 16-19 May. Headlined by FXTM VP of Corporate Development and Market Research, Jameel Ahmad, the tour marks yet one more success in a region where FXTM has experienced major growth over the past year, following the acquisition of its FSB license in July 2016.

Over the course of four days, Ahmad met with Tier 1 media outlets, including CNBC Africa TV, ENCA TV, Business Day TV, Bloomberg and Financial Mail, sharing his market insights on the biggest headlines circling the currency trading world.

The CNBC Africa TV interview was a particular highlight of the tour, where the following topics were discussed:   

• How the role of politics and political news is dominating the financial markets.
• The effect of US President Donald Trump, and the French election results, on the markets.
• The current state of the US Dollar and Emerging Market Currencies.
• How the Euro is undervalued and what that means within the current geopolitical climate.

You can watch the full interview below:

Watch FXTM’s VP of Corporate Development provide market updates to ENCA TV here and to Kaya FM Radio here, and discuss global financial markets with Classic FM Radio and Business Day TV. He also discussed volatility in the financial markets on a global scale with CGTN Africa, which you can watch here.

A discussion with Bloomberg and Financial Mail was also conducted – you can read the Financial Mail interview here.

The success of the South African media tour preceded FXTM’s first Ultimate Trading Formula educational tour in the region, which included a seminar and a three-day workshop in Johannesburg and a seminar in Durban.    

To get your dose of market updates from our team of analysts, please visit our Daily Market Analysis section.

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Disclaimer: The content in these articles/videos comprise personal opinions and ideas and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

FXTM continues to make its global presence known by conducting media tours in key regions across the world. The latest was a tour led by FXTM VP of Corporate Development and Market Research, Jameel Ahmad, in the UAE on 10-11 May. Over the course of two days, Ahmad met with Tier 1 media outlets, including Al lttihad, Bloomberg Turkey, CNBC and Sky News Arabia, and shared key market insights as an established expert in the industry.  

Highlights of the topics under discussion include:

• With the French Election behind us, what could be the next big world events traders should be wary of?
• The OPEC meeting on 25 May: consequences, likely scenarios, and what kind of impact could it have on the price of Oil.
• The latest from the UK: Bank of England interest rate decision and inflation report, and the relatively quiet state of the Pound in May.
• What’s next for the rebounding Turkish Lira after the historic lows it reached in early 2017?

To read the Al Ittihad article (in Arabic), please click here.

Watch the Bloomberg Turkey broadcast here (in Turkish):

CNBC Arabia broadcast (in Arabic):

Sky News Arabia broadcast (in Arabic):

Besides the interviews, Ahmad conducted a series of meetings with Bloomberg MENA, Gulf News and Dubai Eye. You can read the Bloomberg article that quotes our VP of Corp. Development and Market Research here, and watch the Gulf News podcast featuring Ahmad here.

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Disclaimer: The content in these articles/videos comprise personal opinions and ideas and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

On 15 May, 2017, FXTM took part in the 2^nd annual Middle East Asset Management Forum, held at the Gulf Hotel in Bahrain. Hussein Al Sayed, FXTM’s Chief Market Strategist, moderated a panel titled “The outlook for asset management amid Western political upheaval and the strong dollar era,” where the speakers included HSBC’s Francis Dassou, Head of Securities Services Bahrain and Regional Head of Global Custody, and Redha Al Ansari, Research Team Leader at Thomson Reuters. 

Some of the key topics for the panel included:

• The outlook for the US economy and markets in the Trump era of renegotiated trade deals and promises of stronger infrastructure.
• Emerging markets and how fixed income investors could approach them.
• The rally of emerging market equity indices, and which sectors and markets might under- and over-perform as a result.
• What a strong dollar means for emerging market currencies and the flow of funds.

The Middle East Management Forum is hosted by ISF and the Central Bank of Bahrain, bringing together leading industry experts, delegates and analysts to discuss the most informative hot financial topics. Other participants in the forum included directors from PwC and Central Bank of Bahrain, as well as Al Mal Capital and Central Bank of Kuwait.

FXTM is honoured to have been a part of this important forum, as it broadened its presence in the Gulf and MENA region and furthered its reputation as an authority in its field.

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