Advanced Oscillators – Webinar May 05

Every trader needs to have a good understanding of technical indicators. These tools can help you to identify potential trends in the markets, along with overbought and oversold levels. Oscillators are used when there is no definite trend or when the market is moving sideways. Don’t miss out on the chance to learn from one of our trading experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines

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Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

FXTM Invest – Webinar Apr 28

Join our Trading Educator Bilal Jafar to learn how copying the trades of a Strategy Manager could potentially help you to improve your trading. By the end of the session, participants will understand what makes FXTM Invest unique, how to choose a suitable Strategy Manager using detailed statistics, set an appropriate Protection Level, use Safety Mode to limit risk and much more. Register today to learn from the comfort of your own home!

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Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

Coronavirus Impact on the Markets: Fundamental Analysis – Webinar Apr 27

Wondering how fundamental analysis could help you to interpret the latest volatility? Join FXTM’s Trading Educator Bilal Jafar for a special presentation that will focus entirely on how the virus is affecting the markets. Attendees will learn more about the current economic crisis from a fundamental perspective, and discover key indicators such as interest rates, GDP and more. Don’t miss out on the chance to learn from our expert from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

FXTM Shares – Webinar Apr 21

This session will teach you why trading shares are so popular, and demonstrate the ways you can trade share CFDs with FXTM – on a huge range of international shares including Google, Apple Facebook and Amazon. This opportunity to learn from an experienced trading expert won’t be around for long – register now! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines

REGISTER FOR FREE

  • Log in or register
  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

Euro Struggles Against the British Pound Near 1-Month Lows

In an interview with Spanish newspaper La Vanguardia, European Central Bank (ECB) Vice President Luis de Guindos said that the European economy will suffer a more severe recession than the global economy. He added that it’s possible to see some signs of growth starting in the third quarter of 2020 but a genuine recovery in economic activity is not possible before 2021.

The ECB announced a massive economic stimulus plan to support the economy amid the COVID-19 pandemic. Guindos also said that the additional government spending to counter the economic impact of the virus could be as high as 1.5 trillion Euro. European Finance Ministers have also agreed on a joint package of 540 billion Euro.

Eurozone has been hit hard by the pandemic. Nationwide lockdowns across major economies like Germany, Spain, France, and Italy have tremendously increased the risk of recession and high unemployment. According to the International Monetary Fund, Spain’s unemployment rate could reach 20.8% this year.

In the UK, Government announced to extend its overdraft facility at the Bank of England to support struggling businesses and furloughed workers. The facility was last used during the 2008 financial crisis. Euro investors are keeping a close eye on the economic impacts in the Eurozone area as well as the UK. EURGBP struggled near the 0.87000 level after a failed recovery attempt above 0.87500. The currency pair is currently trading near its one-month low.

EURGBP

On the technical side, EURGBP on the 4-Hour timeframe has been following a downtrend since April 7. The pair registered the lowest level of the period under study at 0.86810 on April 14. As of writing, the EURGBP is hovering around 0.87150 with negative Moving Average Convergence Divergence and Momentum below the 100 level.

The pair is currently trading below the 50-period simple moving average with Relative Strength Index below 50 which supports the recent bearish price move. Resistance level lies at 0.88643 while the support level lies at 0.86810. Bears are trying to drag the price below the 0.86000 level, but a push above 0.88000 could strengthen the argument for a bullish move.

For more information, please visit: FXTM

Written on 16/04/2020 by Bilal Jafar, FX Trainer at FXTM

Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.


 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXTM Account Types – Webinar Apr 07

Trading Educator Bilal Jafar will translate his years of impressive market experience into practical insights you can use to help make this important decision. Explore the difference between market and instant execution, what causes slippage and requotes, and what you need to know about spreads and commissions. FXTM has a huge range of different account types that cater for every type of trader. Register for this webinar today to find out more! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

Greenback in Focus Before US Initial Jobless Claims

Greenback performed well against major currencies in March amid coronavirus fears and economic concerns. The Dollar Index jumped above 100 for the first time in more than three years as demand increased for safe-haven assets. While major currencies saw a recovery of late as global stock markets have found their footing, but concerns over how the magnitude of global economic devastation is still on the mind of investors.

Governments around the world are announcing economic stimulus packages in order to cushion the economic impact as a third of the world’s population is living under lockdown regulations. US President Donald Trump signed the historic $2 trillion stimulus package on Friday March 27, and the Dollar took a hit subsequently as investors started buying equities in hopes that the $2 trillion stimulus package will be enough to save the US economy.

The pandemic is showing little signs that it is going away soon, as the number of cases continues to be on the rise with US leading the world with close to 190,000 confirmed cases at the time of writing. USD investors are keeping a close eye on this week’s number as it might surpass the last reading at 3.28 million.

Economists at the St. Louis Fed projected that the unemployment rate could go as high as 32.1%, which would translate to 47 million Americans losing their jobs. If this is as bad as things could get, this scenario would develop a strong case for investors to run for safety in the form of the DXY, but as of now, the Dollar is under pressure against JPY, GBP, and AUD.

USDJPY

On the technical side, USDJPY on the 4-Hour timeframe has been following a downtrend since March 25. The price registered the lowest level of the period under study at 107.099 on March 30. As of writing, the USDJPY pair is hovering around 107.250 with negative Moving Average Convergence Divergence and Momentum below the 100 level.

The pair is currently trading below the 50-period simple moving average with Relative Strength Index below 50 which supports the recent bearish price move. Resistance level lies at 111.702 while the support level lies at 107.099. Bears are trying to push the price below the 107.000 level but a push above 108.000 could strengthen the argument for a bullish move.

Written on 02/04/2020 by Bilal Jafar, FX Trainer at FXTM

For more information, please visit: FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

GBP/USD Plunges to the Lowest Level Since October 2016

Sterling lost ground against major currencies on Wednesday despite the 330 Billion Pound bailout package by the British Government amid coronavirus pandemic.

Global financial markets are in turmoil as investors are dashing to cash out, selling what they can sell. GBP investors are in a panic as the Cable lost more than 1,300 pips in just nine days over recession fears. The Bank of England slashed interest rates from 0.75% to 0.25% on March 11 in a move to bolster the economy during the Coronavirus crisis.

UK’s economy has been hit hard by the Coronavirus outbreak, as the Government urges public to work from home where possible and avoid “non-essential” travels and mass gatherings, which have stalled economic activities across the country. An Interest rate cut from the Bank of England didn’t prove to be a support either as panic escalated among GBP traders as they were not convinced that it was “enough”.

With the virus outbreak continues to spread at a rapid pace in the UK, especially in London, Transport for London has reduced its services across the London network, and Prime Minister Boris Johnson warned that he is prepared to take “further and faster measures” to tackle the outbreak when necessary, which means London may face a lockdown as early as Friday.

A London lockdown may cause serious economic pain as the Centre for Economics and Business Research estimated that a day of lockdown in London would cost £495 million per day, and London is directly responsible for approximately 20% of UK’s GDP.

As of writing, global confirmed Coronavirus cases surpassed 210,000 with the number of deaths close to 9,000. The UK reported a massive increase of 676 cases in less than 24 hours and the total number of deaths reached 104.

The economic impact of COVID-19 on the UK’s economy has been significant as the British Pound lost more than 10% of value against the US Dollar in less than 10 days. GBP struggled against the Euro as EURGBP jumped above 0.92200 while GBPCHF dipped below 1.14300, a level not seen since September 2016.

On the technical side, GBPUSD on the 4-Hour timeframe has been following a downtrend since March 9. The price registered the lowest level of the period under study at 1.17519 on March 18. As of writing, the GBPUSD is hovering around 1.17800 with negative Moving Average Convergence Divergence and Momentum below the 100 level.

The pair is currently trading below the 50-period simple moving average with Relative Strength Index below 50 which supports the recent bearish price move. Resistance level lies at 1.32029 while the support level lies at 1.17519. Bears are trying to push the price below the 1.17000 level.

Written on 19/03/2020 by Bilal Jafar, FX Trainer at FXTM

For more information, please visit: FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Educational Resources – Webinar Mar 17

Join Trading Educator Bilal Jafar for an informative presentation on our wide array of educational resources. Designed for both new and intermediate traders, this webinar will guide you through FXTM trading signals, pivot points and much more. Don’t miss out on the chance to learn from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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  • Click ‘Join Now’ on your chosen Webinar
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Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

Mark Carney’s Speech in Focus as BOE Hints a Rate Cut Sooner than Expected

The GBP lost ground against major currencies this week as markets have increased expectations for a rate cut from the Bank of England after its Governor Mark Carney signalled an interest rate cut to cushion the economic impact of Coronavirus outbreak.

Investors will be keeping a close eye on Mark Carney’s speech on Thursday as the outgoing Governor will be giving some important clues about the Bank of England’s interest rate policyHe did not rule out an interest rate cut before the MPC’s next meeting scheduled for March 26. Carney said that the economic impact of coronavirus outbreak could be huge and it could hit companies’ cash flow and the balance sheet of Banks. Markets are already pricing in a strong case of a rate cut this month as the GBP lost value against major currencies.

Coronavirus has already killed more than 3,000 around the world and the number of confirmed cases crossed 95,000. The economic impact of the COVID-19 could be much higher than anticipated. Under these uncertain circumstances, GBP investors will be hoping to get clarity over BOE’s interest rate decision. GBP investors reacted negatively on the interest rate news as GBPUSD dipped below 1.28000. EURGBP jumped above the key level of 0.87000 this week to reach the highest level since October 2019 while GBPJPY remained below 138.000

On the technical side, GBPUSD on the 4-Hour timeframe has been following a downtrend since February 25. The price registered the lowest level of the period under study at 1.27256 on February 28. As of writing, the GBPUSD is hovering around 1.28070 with negative Moving Average Convergence Divergence and Momentum below the 100 level. The pair is currently trading below the 50-period simple moving average with Relative Strength Index below 50 which supports the recent bearish price move. Resistance level lies at 1.30158 while the support level lies at 1.27256. Bears are trying to push the price below the 1.28000 level, but a close above 1.29000 could strengthen the argument for a bullish move.

Written on 05/03/2020 by Bilal Jafar, FX Trainer at FXTM

For more information, please visit: FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Advanced Oscillators – Webinar Mar 03

Every trader needs to have a good understanding of technical indicators. These tools can help you to identify potential trends in the markets, along with overbought and oversold levels. Oscillators are used when there is no definite trend or when the market is moving sideways. Don’t miss out on the chance to learn from one of our trading experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

FXTM Trading Signals – Webinar Feb 25

This informative presentation will teach you about FXTM’s trading signals and how you can use them to your own potential trading advantage. Bilal will guide you through Buy/Sell scenarios, sessions and time frames, Fibonacci levels and much more. Register now to maximise your trading potential from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

REGISTER FOR FREE

  • Log in or register
  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

The FXTM Trader App – Webinar Feb 17

FXTM Trader Bilal will guide you through all the incredible features of trading on the go. Completely free to attend, this webinar will get you up to speed on mobile trading in general and run you through the set up process of the FXTM Trader app. Don’t miss out on the chance to discover a whole new way to trade! All the material presented in webinars from South Africa has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

The MORSI Trading Strategy – Webinar Feb 10

Participants will learn how to apply these indicators to the charts, as well as how to identify trends in the market. Bilal will also enlighten guests on strategy rules, Buy/Sell scenarios and position sizing. Expand your trading knowledge with the help of an expert – register for this exclusive free webinar today! All the material presented in webinars from South Africa has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

REGISTER FOR FREE

  • Log in or register
  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

US Dollar Jumps as Coronavirus Risks and Falling Oil Prices take Centre Stage

The Greenback was also boosted by stronger than expected US factory orders for December.

The Dollar Index (DXY) started February on a positive note as the index rose for the third consecutive session on Wednesday. The recent bullish sentiment in the US Dollar found extra support from the record-setting stock markets as the Nasdaq Composite Index set a record high in Tuesday’s trading session.

Despite all these encouraging factors, investors are still concerned about the magnitude of risks associated with the Coronavirus, China has assured that they are taking all the necessary measures to mitigate risks associated with the outbreak but global investors are still unsure about the economic consequences. Recent economic data from the US helped investors regain confidence in the Dollar and reduced expectations around the Fed cutting interest rates.

Coronavirus is not the only concern weighing on the mind of investors, falling Oil prices will also have a significant impact on economies around the world. Coronavirus is impacting demand for Oil which may weigh on oil producing countries like Canada.

The Canadian Dollar fell to a two-month low against the US Dollar as Loonie continues to slide along with the crude oil prices due to slowing demand from China. Canadian Dollar remained under pressure against the US Dollar as the USDCAD jumped above the key level of 1.33000, reaching a two-month high level. As of writing, the price is hovering around 1.32900.

On the technical side, USDCAD on the 4-Hour timeframe has respected an uptrend since January 22. The price jumped above the key level of 1.33000 and registered the highest level of the period under study at 1.33028 on February 3. Bulls managed to keep the price around 1.33000. As of writing, the USDCAD is hovering around 1.32900 with positive Moving Average Convergence Divergence and Momentum above the 100 level.

The pair is currently trading above the 50-period simple moving average with Relative Strength Index above 50 which supports the recent bullish price move. Resistance level lies at 1.33028 while the support level lies at 1.31159. Bulls are eyeing a close above the 1.33000 level, but a close below 1.31100 could strengthen the argument for further bearish movements.

Written on February 6, 2020 by Bilal Jafar, FX Trainer at FXTM

For more information, please visit: FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fundamental Analysis and its Impact on the FX Market – Webinar Jan 20

Fundamental analysis assesses the economic factors affecting a trading instrument and is an important part of many traders’ strategies. Learn more about how key economic indicators such as interest rates, GDP, and inflation – as well as non-economic factors such as political instability and black swan events – may impact currency values. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented in webinars from South Africa has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

REGISTER FOR FREE

  • Log in or register
  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.

ECB Minutes in Focus as Investors Lookout for Clues on Inflation Target

ECB’s new leadership is facing a tough year in 2020, with a new president, a new chief economist and the latest addition of two new executive board members makes the bank’s action difficult to predict. Investors are eagerly waiting for signs on ECB’s strategy review as ECB president Christine Lagarde is due to speak on Thursday, a few hours after the release of ECB minutes. Christine Lagarde also refrained ECB’s policymakers from discussing the strategy review publicly as she is planning to formally announce it on January 23.

The ECB re-launched its Quantitative Easing program under Mario Draghi back in September 2019 to aid the ailing Eurozone economy but a few policymakers opposed the decision. The biggest challenge for Christine Lagarde in her strategy review will be the inflation target for the Eurozone area as ECB has consistently failed to meet the inflation target of close to 2%. Since nothing much happened in the December meeting, investors will be scrutinizing details regarding amendment of the Inflation target.

The Euro remained under pressure against the US Dollar since December 31 but the bulls managed to keep the price above the key psychological level of 1.11000. As of writing, the price is hovering around 1.11500. Price action in the EURGBP has been interesting, after falling to the lowest level in three years against the Pound in December. Euro saw a recovery in January as price jumped above 0.85000. EURGBP is currently hovering around 0.85590.

On the technical side, EURGBP on the 4-Hour timeframe has been following an uptrend since January 8. The price jumped above the key level of 0.85000 and registered the highest level of period under study at 0.85953 on January 14. Bulls managed to keep the price above 0.85000 but failed to close above 0.86000. As of writing, the EURGBP is hovering around 0.85590 with positive Moving Average Convergence Divergence but momentum slightly below the 100 level. The pair is currently trading above the 50 period simple moving average with Relative Strength Index above 50 which supports the recent bullish price move. Resistance level lies at 0.855953 while the support level lies at 0.84546. Bulls are eyeing a push above 0.86000, but a close below 0.85000 could strengthen the argument for further bearish movements.

For more information, please visit: FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.

EURUSD Steady Ahead of US-China ‘Phase One’ Trade Deal

In the last full trading week of 2019, the Euro gained around 0.8% against the Greenback as the Dollar lost ground against major currencies, after US President Donald Trump announced the date for the US-China phase one trade deal. Given how the long-awaited trade agreement between the countries will be signed on January 15, this is certainly a welcome development for financial markets. Despite the lack of details on what are the terms that will be included into the phase one agreement, investors remain cautiously optimistic over the deal easing tensions between the two largest economies in the world.

Trade deal optimism boosted risk sentiment, ultimately pushing global equity markets to record highs as investors shifted their focus to higher-risk assets. The Dollar Index reached its lowest level in six-month below 96.80 on Tuesday. Although Euro lost around 2% against the US Dollar in 2019 due to US-China trade uncertainty, domestic risks in Europe and Brexit, the currency has displayed resilience over the past four months. With the European Central Bank maintaining an accommodative monetary policy to stimulate inflation, investors will keep a close eye on inflation data throughout 2020. Euro Area inflation rate was confirmed at 1.0% in November 2019 with markets projecting consumer prices to jump 1.2% in December.

On the technical side, EURUSD on the 4-Hour timeframe has been following an uptrend since 20 December. The price jumped above the key level of 1.12000 and registered the highest level of period under study at 1.12402 on December31. As of writing, the price is hovering around 1.2232 with positive MACD and Momentum above the 100 level. The price is currently trading above the 50 period simple moving average with RSI above 50 which supports the recent bullish price movement. Resistance level lies at 1.12402 while the support level lies at 1.10648. Bulls are trying to keep the price above 1.12000, but a close below the psychological level of 1.12000 could strengthen the argument for bearish movement.

For more information, please visit: FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.

Pound Slips as Fears of No-Deal Brexit Overtake Post-Election Optimism

Sterling has depreciated against every single G10 currency this week following plans from Boris Johnson to make it illegal for the UK Government to extend the transition period of Brexit beyond 2020. The recent announcement from Boris Johnson has raised concerns over Britain leaving the European Union by the end of 2020 with no deal in place.

It must be kept in mind that Johnson’s decision to block an extension of the Brexit transition period will not only limit the trade deal options for the UK, but potentially take UK out of the EU without a deal, reverting to WTO trade rules, which makes it more burdensome for businesses and the UK economy.

A landslide victory for Boris Johnson in the UK general elections gave the British Pound a much-needed boost, with Sterling jumped above 1.35000 against the US Dollar on December 13. Post-election optimism came in hopes that a clear majority Conservative win would remove uncertainty regarding Brexit.

Pound also reached the highest level in more than three years against the Euro. But the optimism proved to be short-lived as the GBPUSD tumbled more than 400 pips this week after concerns on possibility of a hard-Brexit returned to the table.

On the technical side, GBPUSD on the 4-Hour timeframe has been following a downtrend since December 13. The price dipped below the key level of 1.31000 on December 18. The lowest level of the period under study stands at 1.30462. As of writing, the price is hovering around 1.30734 with negative Moving Average Convergence Divergence and Momentum below the 100 level.

The price is currently trading below the 50-period simple moving average with Relative Strength Index below 50 level which supports the recent bearish price move. Resistance level lies at 1.35160 while the support level lies at 1.30462. Bears are trying to push the price below the psychological mark of 1.30000, fresh Brexit concerns could strengthen the argument for further bearish movements.

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Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict 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 for any loss arising from any investment based on the same.

 

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Bilal Jafar is a Forex Educator with FXTM. He holds an MBA in Finance from the Institute of Business & Management, Lahore, and has over eight years of experience in the financial markets. He started his journey as a forex trader and also worked in different positions within sales and education. In 2015, he founded and began serving as the Editor of Pak Economy, one of Pakistan’s leading business and financial magazines. After working as a Business Development Manager with FXTM, he then joined the Education department to pursue his passion for sharing his forex knowledge. His diverse experience in sales, media and education gives him an extra edge that helps him better understand traders’ educational needs.