2019 in a Nutshell and the Transit into a New Decade

If one is to describe the year 2019 in one word, we believe the word “uncertainty” would be the right fit. The world has entered 2019 with a high degree of uncertainty and is poised to finish the year with probably the same extent of uncertainties. The Global Economic Policy Uncertainty Index which is a GDP-weighted average of national EPU indices for 20 countries has remained in elevated levels in 2019.

Each national EPU index reflects the relative frequency of own-country newspaper articles that contain a trio of terms pertaining to the:

  • Economy (E)
  • Policy (P)
  • Uncertainty (U)

In simple words, the frequency at which newspapers cite “uncertainty” in relation to economic policy is high.

Source: Bloomberg Terminal

Sino-American Trade War

We have seen a de-escalation of trade tensions between the world’s two largest economies towards the end of the year. Investors grew hopeful that both countries will sign a partial trade deal. After weeks of speculations regarding the partial trade deal, “ a deal in principle” made headlines driving major US equity benchmarks to new highs. The optimistic statements in the US were not reciprocated to the same extent in China. It was a much muted and cautious response.

Any commitment and compliance from China remain murky.

The Trade Truce is being handed over to the financial markets like a Christmas gift. The real surprise will be unwrapping the gift and taking note of the details of the agreement. At the moment, vague promises and speculations are creating a “fragile” positive environment.

Uncertainties Persist! Phase One will ease but not eliminate uncertainties as Phase Two will handle challenging issues such as IT, Artificial Intelligence and cybersecurity and other hi-tech areas.

At CNBC’s Hadley Gamble at the Doha Forum, US Treasury Secretary Steven Mnuchin’s comments on Phase two was not inspiring:

“Phase Two maybe 2a, 2b, 2c, we’ll see….”

Populism and Globalisation

The growing prospect of populism comes with an array of uncertainties which is hard to ignore. President Trump’s presidency and Brexit are the bellwether of populism and have played a significant role in the recent volatility in the markets.

President Donald Trump

The Western political space is changing and is disrupting globalisation. The US President adopted a hard-line approach on not just trade, but also on migration and capital flows. The US has launched a trade war against major countries, some of which have been key allies of the US.

Brexit

Brexit Europe and the United Kingdom are practically on hold due to Brexit. The echoes of populism have threatened the existence of the bloc and have crippled its economy. Following the referendum for the UK to leave the European Union, the bloc’s members like Germany, Italy and France were also hit by several anti-establishment groups.

Hong Kong Protests

Hong Kong came to a standstill following months of democratic protests. The people of Hong Kong initially took to the streets to voice their frustrations on the extradition law. After the demonstrations intensified and turned violent, protesters laid five demands including an investigation into police brutality and the resignation of Chief Executive, Carrie Lam.

After more than six months of protests, economists are predicting a 1.3% contraction for 2019. The recent election resulted into an electoral win for pro-democracy parties which brought a semblance of normality after months of unrest.

Slowing Global Growth

Manufacturing Contraction

The manufacturing sector has been one of the main factors that had triggered concerns of a recession. In the US, the two widely- used indicators of the performance of the manufacturing industry are ISM and IHS Markit.

Both surveys consist of a diffusion that summarises whether the market conditions are expanding, staying the same, or contracting. Over the months, investors received mixed signals from both surveys. The divergence could partially be explained by the differences in the methodology used. Yet, the contrasting signals were noteworthy for investors.

As the year draws to an end, the preliminary Markit Manufacturing PMI figures for the US shows that it will be another month of steady growth fuelling hopes of a brighter start for 2020. On the other side, the ISM shows that the manufacturing industry has been softening for the past eight months and contracted for the fourth straight months at a faster rate.

Source: Institute for Supply Management

Interest Rates and Central Banks

Slowing global growth and recession fears have forced major central banks to cut interest rates to record lows. The Reserve Bank of New Zealand was among the first major central banker to commence a major easing cycle. After some resistance, the Fed and other central bankers has also cut their interest rates. The European Central Bank have even resumed the controversial quantitative easing to stimulate its economy.

Towards the end of the year, the concerns of slowing global growth have receded as global economic data has shown some signs that the downturn may be bottoming out. Central banks have paused the easing policies and appear less dovish when setting policies for 2020.

Stock Markets

A look at the performance of major global equity indices does not reflect the angst seen during the year. As of writing, the stock market is set to close the year on a strong note.

Two Digits Gains and Record Highs!

Chinese stocks have recovered strongly over the month. Despite a trade war, sanctions against public tech companies and slower economic growth, Chinese shares rallied. buoyed mainly by renewed optimism on the trade front.

Hong Kong Shares took a beating as months of protests have discouraged investment and compromised the country’s position as a financial hub. The US has also passed the bipartisan Hong Kong Human Rights and Democracy Act that could strip the city of its special trading status following annual reviews of its democratic freedoms. As of writing, the Hang Seng index was up by only 7%.

FTSE100 was primarily driven by Brexit-related events. Towards the end of the year, the index has been trading sideways, but the majority win by the Conservative Party has pushed UK stocks higher. However, the possibility of a hard-Brexit has tamed the rally.

World Equity Indices (% Change)

Source: Bloomberg Terminal

As the year comes to an end, we are seeing the dominant risks – trade and Brexit that have rattled the markets over the months moving in a positive direction.

Energy Sector

The energy landscape is changing over the increased concerns on climate change. The rise of renewables is altering the dynamics of the industry. The “Greta effect” and various extreme weather conditions are constant reminders that the climate crisis is not going away and governments will be forced to adjust policies to tackle climate change.

As we move into a new decade, we see that the energy sector has been left behind. Looking at the different sector of the S&P500, energy emerged as the worst performer.

The oil and gas industry is facing a supply glut and decreasing demand at the same time. Saudi Aramco’s IPO which is one of the biggest IPO was launched as a local affair reiterating the struggle to entice international investors at a time where the oil market is facing structural headwinds.

The deeper production cuts by the OPEC members and allies and less geopolitical tensions are currently supporting a fragile oil market.

2020 will be the confirmation of a new era…

Investors are navigating in an environment with historically high levels of policy uncertainty. As we step into a new decade, market participants will be familiar with:

  • A new world of higher tariffs
  • Peak globalisation
  • Climate change
  • A probable tech war between the US and China
  • Commodities gluts
  • Historically low levels of interest rates.

2020 is probably not the year for a recession. In the last two months, investors have priced-out the recessions risks. The optimism is mostly based on positive trade-related comments, central banks intervention and expectations of steady interest rate in 2020.

Still, Uncertainties Remain and 2020 could be as volatile as 2019!

Deepta Bolaky, Market Analyst at GO Markets.

Read Our GO Markets Review

About GO Markets

GO Markets was established in Australia in 2006 as a provider of online CFD trading services. For over a decade we have positioned ourselves as a firmly trusted and leading global regulated CFD provider. Traders can access more than 250 tradeable CFD instruments including Forex, Shares, Indices and Commodities.


Disclaimer: Articles and videos from GO Markets analysts are based on their independent analysis. Views expressed are of their own and of a ‘general’ nature. Advice (if any) are not based on the reader’s personal objectives, financial situation or needs.  Readers should, therefore, consider how appropriate the advice (if any) is to their objectives, financial situation and needs, before acting on the advice.

Lukman’s Week Ahead: Market Themes to Watch Out For – Webinar Dec 30

An authority on the markets, Lukman is frequently quoted by leading media across the globe, including the BBC, CNBC, CNN Money and Reuters. Join Lukman for expert insights on the latest market movements, potential trading opportunities and what the week ahead has in store for traders. Enjoy an expert look at: • The key themes driving the financial markets • Technical and fundamental trading ideas on the MT4 platform • How to use the latest FXTM trading signals • Using fundamental analysis to increase your profit potential • What to monitor over the coming week.

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Lukman Otunuga has been a Research Analyst at FXTM since 2015. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in fundamental and technical analysis. His in-depth analysis on global currency and commodity markets is often cited by leading international media, including the Associated Press (AP), BBC, CNBC, CNN, Marketwatch, NASDAQ, and The Telegraph. He has also appeared on Africa’s biggest television network, NTA 2. Lukman holds a BSc (hons) degree in Economics from the University of Essex, UK and an MSc in Finance from London School of Business and Finance.

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.

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.

 

Fondex Proudly Announces the Launch of an Exclusive Suite of Indicators and cBots

Created by the multi-talented prop trader, Fabio La Rosa, also renowned for exploring Harmonic trading, Fibonacci and Gann charts, the Fondex cTrader Suite is a package of 70 indicators, ranging from trend and time ones, to others showing volume and volatility. In combination with the indicators, the Suite also comes with 22 pre-configured cBots, designed to facilitate the traders’ position management activities.

The Fondex cTrader Suite has been designed by traders for traders, making it the most comprehensive package to be used in conjunction with each individual’s analysis in order to proceed in making better-informed trading decisions. Each indicator has been carefully created and chosen to be part of the Suite, and the combination of them all provides traders with an all-inclusive package to support their technical analysis. The Suite is exclusive to Fondex clients and can be easily installed with the help of the broker’s Support team.

“We are so privileged to have partnered with Fabio and be able to offer the Fondex cTrader Suite to our clients. We are also honoured to be the only broker globally to offer this specific set of indicators and trading robots. Since the early stages of its creation, we were convinced of the value this Suite will bring to our traders. All these indicators are a trader’s dream and the fact that they are included in one package, makes the Fondex cTrader Suite a product of such high value for all our clients” said Mr. Alex Sologubov, COO of Fondex.

About Fondex

Fondex is a trade name of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11. With more than 1,000 instruments across 7 asset classes, Fondex allows investors to create a well-diversified trading portfolio. Fondex cTrader offers the opportunity to trade in four different ways, manually, copying other traders’ strategies, using cBots and following signals from Trading Central and Autochartist, making it the ideal platform for both experienced traders and beginners. Spreads start from 0.0 pips and Fondex charges the lowest cTrader commissions globally on Forex, Energies and Precious Metals. Additionally, Fondex secures its clients’ funds by keeping them in Tier-1 segregated accounts, while also offering them Negative Balance Protection. For more information, please visit https://fondex.com/.

Advanced Oscillators – Webinar Dec 20

They 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. Join Forex Educator Bilal Jafar for a complete introduction to some of the most popular oscillators, including the RSI, Momentum, MACD, Stochastic, CCI and Williams %R. Don’t miss out on the chance to learn from one of our FX experts 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.

Building a Trader’s Mindset – Webinar Dec 20

This informative presentation will teach you the final steps on a trader’s journey to maximise the possibility of becoming a profitable investor. Theunis will provide a step-by step approach and practical demonstrations, ensuring that participants thoroughly comprehend how to develop a resilient trader’s mindset. 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 at these events has been approved by the company’s Key Individual, in accordance with FSCA guidelines.

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FXTM Forex Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. He began to trade personally as a hobby, but his keen insights and aptitude soon paved the path towards a successful career. With a decade of solid trading experience to his name, Theunis now enjoys sharing his forex knowledge with others. He also has experience in real estate and holds a degree in Town and Regional planning, complimenting his passion for securing a healthy financial future.

Asian Stocks Mixed as Investors Mull “Phase One” Trade Deal

While the rollback of tariffs is set to brighten the outlook for Asian economies, it remains to be seen whether the region can pick up enough momentum to take full advantage of the receding trade tensions. Should the economic data over the coming months uphold such a notion, that should spur on more risk appetite, which bodes well for assets across the emerging-markets complex.

Dollar set to end 2019 on resilient note

The impending impeachment vote against President Donald Trump, though harbouring the potential to trigger knee-jerk reactions, is not expected to have a meaningful impact on the Dollar’s performance going into the new year. The Dollar Index’s (DXY) presence above the psychological 97 level has been justified by the resilient US economic data, as evidenced by the latest factory manufacturing and home construction data, while aided by the weaker Pound. The upcoming US Q3 GDP data should also keep DXY above 97.0, provided the official print is in line with market expectations at 2.1 percent, while a better-than-expected GDP revision could send DXY towards the 97.5 mark.

Sterling could be in for more volatility in 2020

Despite the Pound’s recent drop, the immediate support level for GBPUSD has shifted higher to 1.30, now that UK election risk is behind us. Still, 2020 could be another volatile year for Sterling, as the UK seeks to shape its future relationship with the European Union by year-end, with the risk of a hard Brexit apparently still on the table. Should a hard Brexit become likelier as the year progresses, that could prompt GBPUSD to trade closer towards the lower 1.20s.

Oil sustained by demand-side optimism

Brent’s rise above the $65/bbl psychological level demonstrates the risk-on sentiment in the markets, with demand-side uncertainties dialed down following the limited trade deal between the US and China. Moving forward, supply-side risks could still serve as a drag on Oil prices, with non-compliance among OPEC+ members, rising US inventories, and shale output being the key factors to watch, as well as any surprise spike in geopolitical tensions involving Oil producers.

Gold bulls need strong reason to break above $1500

Gold prices continue to remain supported, despite its bias to the downside, pending further details on the expected US-China trade deal. Still, potential gains for Bullion appear capped at the $1500 level, unless Gold bulls are shown signs that the global economy is not in a position to take full advantage of the expected rollback in trade tariffs in 2020.

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Disclaimer: The content in this article comprises personal opinions 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. ForexTime (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.

After Clarity on Trade and Brexit, Here’s What to Look for Across the Week Ahead

Washington and Beijing announced on Friday an agreement of an interim trade deal to partially reduce their trade conflict. According to this deal, China will purchase up to $200 billion in additional goods and services over the next two years on top of the amount it bought in 2017. The purchased products will include at least $40 billion of US agricultural goods. China will also refrain from competitive devaluations of the Yuan and tighten regulations on US intellectual property and forced technology transfer. In return, the US will cut tariffs on $120 billion of Chinese imports introduced in September to 7.5% from 15% and ditch planned tariffs on $160 billion of Chinese consumer products.

In the UK, Boris Johnson returns to power with a big majority, paving the way for the nation to leave the EU by the end of January. The hard part now begins for Mr. Johnson as he will try to negotiate a new trade agreement with the EU and have it ratified by end of 2020 before the transition period ends.

With two of the most imminent global risks resolved, markets have breathed a sigh of relief, sending US equities to record highs while the Pound has rallied more than three big figures after Thursday’s election results were announced.

Despite the achievements over the last week, the drama may not be completely over and there’s still news flow to keep traders busy.

Trump impeachment may have little impact on financial markets

President Trump is set to be impeached this week by the Democrat-led House with charges of abusing his power and obstructing Congress. However, Republicans are not likely to convict him in a Senate trial. Given this fact, markets are unlikely to be moved much by the impeachment unless other facts emerge. However, we could see some noise in US equities and fixed income markets, but this is not expected to be majorly market moving.

Will the Bank of England turn hawkish?

The Bank of England is expected to keep policy unchanged when it meets on Thursday. Traders who pushed sterling to 1.35 against the dollar on Friday would like to hear hawkish comments to further encourage the bullish trend.

Given that we have more clarity on the Brexit process, the BoE will put more focus on the economic outlook. ‘Getting Brexit done’ by early 2020 doesn’t necessarily mean improving economic conditions. We still have the transition period and a trade deal to be finalised. Until then, growth may remain weak and that’s likely to keep the BoE on the dovish side. Given that most of the good news has already been priced into the Pound, a dovish signal from the BoE will likely drive selling pressure. We currently see 1.35 as a short-term top with further sterling appreciation likely to require an improvement in the UK macro outlook.

The Bank of Japan is also due to meet on Thursday, but no changes are expected on policy or forward guidance.

Economic data releases and Fed speakers

Given that the two imminent risks have been resolved, economic data are likely to become the main driver for currency traders. Monday brings the latest set of PMI data from the Eurozone, UK, and the US. The data may not reflect the optimism related to the US-China phase-one deal or the Conservative victory. Tuesday sees the release of UK labour market data and on Wednesday, we’ll have the final CPI reading from the Eurozone and an inflation reading from the UK, along with the German IFO business climate survey. The last day of the working week brings the final reading on US third-quarter GDP growth.

Traders may also take some hints from Fed speakers Eric Rosengren and John Williams after the Federal Reserve kept interest rates unchanged last week and forecast no changes in policy for the year ahead.

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Disclaimer: The content in this article comprises personal opinions 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. ForexTime (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.

RoboMarkets Receives Best Trading Execution Award at Professional Trader Awards 2019 in London

Winners in different nominations were decided by the poll conducted among professional traders. The award ceremony took place on December 19th, 2019 in the Four Seasons hotel in London.

Professional Trader Awards is presented to the brokers that have exclusive offers for maintaining professional trading accounts. Awards in each of 14 nominations were given out to the companies that achieved outstanding results in the fields of technologies and innovations, trading conditions and order execution quality, development of loyalty programs and customer support services.

The open voting started on November 1st, 2019, right after the award nominees were announced. For three weeks, the organizing committee of the event had been closely working with a professional trading community via media partners and third-party trade representatives, and involving in voting individual traders who operate on professional accounts. All of them were offered to express their opinions and vote for the companies that demonstrated the best results in each of the categories. Thereby, the professional trading community selected all winners of “Professional Trader Awards 2019”.

“Since the moment RoboMarkets was established in 2012, the Company’s activities have been focused on providing its clients with services of the highest quality. It is safe to say that RoboMarkets still gives the highest priority to this principle, which appears relevant up to the present days. We’re very pleased that experts in the industry expressed such high opinions about our efforts in this direction. It means that products and technological solutions offered by RoboMarkets meet all existing standards and allow clients to pursue their investment goals with with the best trading execution.” – says Anton Ivanov, RoboMarkets marketing officer.


About RoboMarkets

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on financial market, with access to its proprietary trading platforms. More detailed information about the Company’s products and activities can be found on the official website at www.robomarkets.com.

Markets Tepid Ahead of Fed Interest Rate Decision

  • Asian markets struggle for direction
  • Dollar waits for Federal Reserve rate decision
  • Gold grinds higher on market caution

Repeated mixed signals and messages ahead of the December 15 tariff deadline are fostering confusion across financial markets. This sentiment continues to be reflected in global equities as markets adopt a ‘wait and see’ approach until clarity and direction are offered on the trade front. In Europe, shares are expected to make a cautious start ahead of the U.S Federal Reserve’s final interest rate decision of 2019. Given how uncertainty remains a dominant theme this week, safe-haven assets like Gold and the Japanese Yen have the potential to appreciate as investors head for safety.

Steady Dollar ahead of Fed meeting

The Federal Reserve is widely expected to leave interest rates unchanged at 1.75% in December.

However, much of the focus will be directed towards the policy statement, economic projections, dot plot and press conference for clues on future monetary policy. Speculation around the Federal Reserve cutting interest rates anytime soon have been quelled by November’s blockbuster US jobs report. Although markets are pricing in a 54% probability of a rate cut by September 2020, it will be interesting to see whether the dot plot mirrors market expectations. Appetite towards the Dollar will also be influenced by Fed Chairman Jerome Powell’s remarks on the US economy and monetary policy. Should the press conference and policy statement adopt a dovish tone, the Dollar Index may dip back towards 97.40.

Pound dips on UK poll projections

Sterling’s depreciation against the Dollar on Wednesday continues to highlight how the currency remains extremely sensitive to polls.

Appetite towards the Pound was dealt a blow heavy after a poll showed a narrowing lead for Prime Minister Boris Johnson’s Conservative Party. Given how the general election is around the corner, the British Pound is set to remain volatile and highly reactive to polls.

Focusing on the technical picture, the GBPUSD is struggling to defend 1.3100 on the daily charts. A solid breakdown below this point should encourage a decline towards 1.3000 in the short to medium term.

Commodity spotlight – Gold

Gold is grinding higher amid caution ahead of a looming tariff deadline on December 15th. The precious has gained roughly 0.25% since the start of the week thanks to investors adopting a guarded approach. The sense of uncertainty is likely to continue supporting appetite for safe-haven assets for the rest of this week.

Gold is seen swinging within a range in the near term ahead of the tariff deadline. Prices are seen testing $1470 amid the market caution, with further uncertainty injecting bulls with enough confidence to attack $1476.50 and $1480, respectively. Given how the precious metal remains highly sensitive to trade headlines, any good this week could result in a decline back below $1458.


Disclaimer: The content in this article comprises personal opinions 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. ForexTime (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 Invest, Risk Management – Webinar Dec 16

This insightful presentation provides an overview of our innovative copy trading programme, FXTM Invest. Theunis will provide practical step-by-step demonstrations and teach participants a simple risk management strategy. Guests will also have the chance to ask Theunis their most pressing industry questions. Register today to learn 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.

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FXTM Forex Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. He began to trade personally as a hobby, but his keen insights and aptitude soon paved the path towards a successful career. With a decade of solid trading experience to his name, Theunis now enjoys sharing his forex knowledge with others. He also has experience in real estate and holds a degree in Town and Regional planning, complimenting his passion for securing a healthy financial future.

FXTM Trading Signals – Webinar Dec 16

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!

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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.

 

2020 – The Year Ahead in the Charts – Webinar Dec 18

He will explain the impact they had on the markets and how the markets are positioned going into 2020 and what the charts may be suggesting. This webinar covers:

  • 2019 – Trade Deals, a strong USD & Brexit
  • 2020 – Trade Deals, Brexit & The US Election
  • What the charts may be suggesting

DATE: 18 December 2019, 11:00 AM

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About Stuart Cowell, HF Markets’ Head Market Analyst

Stuart is a passionate advocate of keeping things simple. His forex webinars aim to make you understand how the news, charts and sentiment work together to provide trading opportunities across all asset classes and all time frames.

Stuart has been trading the global markets since 1997 and has also run his own consultancy. He is now a valuable contributor to our team of forex webinar presenters. Stuart believes that knowing yourself and employing effective risk management are the keys to successful trading.

The Moving Average Spring Strategy Applied – Webinar Dec 18

Designed for both new and intermediate traders alike, this presentation will teach attendees how to use this popular strategy on MetaTrader 4 using a variety of time frames on both live and historical live charts. Theunis will also demonstrate how to define potential good entries and exits, and talk guests through the dangers of over-analysing. 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 have 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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FXTM Forex Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. He began to trade personally as a hobby, but his keen insights and aptitude soon paved the path towards a successful career. With a decade of solid trading experience to his name, Theunis now enjoys sharing his forex knowledge with others. He also has experience in real estate and holds a degree in Town and Regional planning, complimenting his passion for securing a healthy financial future.

Is this the Calm Before the Tariff-Deadline Storm?

With that potential catalyst in mind, markets could be in for some heavy volatility in just a matter of days.

Gold has been hovering just above $1460 after moving a leg lower on Friday, December 6. The price action suggests that investors are still hopeful that a limited US-China trade deal would be eventually announced. Any signs that President Donald Trump would press ahead with his tariff threat on Chinese goods on December 15 would jolt Bullion bulls into action and send Gold prices back above the psychological $1500 level.

USDJPY requires more risk-on cues to climb higher

USDJPY hasn’t strayed too far from the 109 psychological level since November, although risk-on sentiment has evidently chipped away at the Yen’s safe haven play in recent months. Amid signs that the upward momentum for the currency pair is waning, USDJPY may require further signals that US-China trade negotiations will eventually lead towards a meaningful deal before the Japanese Yen will weaken back above 110 against US Dollar.

OPEC+ cuts provide stronger support for Oil

Brent Oil is now trading above the $63/bbl line, around levels not seen since September, after OPEC+ last Friday agreed to lower its output target by 500,000 barrels per day. With supply being continuously managed by the alliance of major Oil producers, the demand side of Oil’s outlook would get a major boost if President Trump decides not to impose further tariffs on Chinese goods by the weekend. Such a move would mitigate the risk of a further deterioration in the global economy, with such prospects likely to push Brent past $65/bbl.


Disclaimer: The content in this article comprises personal opinions 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. ForexTime (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.

How Brexit Effects The Pound – Webinar Dec 11

Join Alvexo Chief Global Strategist Seth Julian as he profiles the developments in the separation process between the UK and the EU with particular onus on the tangible and actionable effects playing out directly on the Sterling and the possible near, mid and long term consequences of this fateful process.

Date: 11, Dec 2019 Time: 15:00 GMT

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What the webinar will cover:
• Background of Brexit
• Understanding how Brexit impacts the Pound
• A Potentially Unique Trading Opportunity


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

FBS Gives Away Lucky Gift Boxes In A New Year Promo

FBS2020 contest starts off on December 9 and will continue till January 7. Over this period, the clients are supposed to write a Thank You message for their friends, family members, or anyone who played an important role to them in 2019.

The idea is simple: New Year’s Eve is the time to make conclusions, analyze the past 365 days, and make plans for the future. The people that you have around you are your biggest influence – so, there’s no better way to wave the old year goodbye than thinking about those who’ve made it special and taught you valuable life lessons.

The company created 19 New Year Thank You cards, greeting and thanking the clients for different things. The last greeting #20 is supposed to be written by the clients and addressed to whoever inspired them the most in 2019.

To get in, the clients need to visit the #FBS2020 promo page and create a Thank You e-card using the colorful templates and hashtag #FBS2020. After that, the participants should post the card on their Facebook page and send the link to the post. The promo is free of charge but requires you to follow the FBS official page on Facebook.

FBS team will choose the winners on January 10 by selecting 15 most inspirational and interesting messages. Each winner will get a special FBS gift box that contains a bunch of nice surprises:

  • Wireless flowerpot speakers (yes, it’s a flowerpot that plays music)
  • FBS T-shirt
  • Lucky teddy bear
  • Bag
  • Branded notebook & pen

There are no rules or restrictions when it comes to the Thank You messages. People can address them to their friends, girlfriends and boyfriends, family, teachers and coaches, artists – whoever said/did/didn’t do something that made you better this year. The e-card can be written in any language and be of any length – just as wordy as necessary to express your feelings in a way that feels right.

Oftentimes, people concentrate on analyzing mistakes and failures and leaving all the bad things behind, but it’s also a good idea to think about those whom you want to take with you to 2020. Sharing gratitude before the New Year is not just a good old tradition but also a way to get you off on the right foot in the upcoming year!

FBS is an international broker with over 190 countries of presence and more than 14 000 000 clients. It is famous for regular, diverse, and advantageous contests and promotions that are highly appreciated by the global trading community. Besides, the broker offers a number of special services to make trading easier and more beneficial, such as swap-free and VPS services, cashback up to $15 per lot, and more.

Forex4you Receives Awards for 2019

Forex4you is recognized for its world-class partnership program and excellent customer service by International Business Magazine.

International Broker Forex4you, a service of E-Global Trade & Finance, celebrates a double win as it takes home two of International Business Magazine’s most prestigious awards. The company received the Best Affiliate Partnership Program Award and the Best Forex Customer Service Broker Award for 2019.

The Best Affiliate Partnership Program Award is given in recognition of developing the best partnership program in the industry. Forex4you’s leading partner program is globally present and has the best competitive commissions. Unique to other partnership programs, Forex4you believes in mutual growth and provides support and educational assistance to its partners.

The Best Forex Customer Service Broker Award is given to brokers with the highest customer satisfaction. Building on the company’s values of innovation, honesty, and competence, Forex4you has served over 1.7 million clients globally and has executed over 700 million orders for 12 years.

“The Forex industry is competitive. In such a fast-paced environment it is easy to lose sight of the needs of our clients and partners who are the heart of our business. Forex4you has always prioritized maintaining and improving the quality of our relationships and we are very pleased to see that this strategy has worked wonders. We hope to keep delighting both our clients and partners in the many years to come.”

says Marina Strauss, CEO of Forex4you.

About International Business Magazine Awards: International Business Magazine is a pioneer flagship journal brand seeking to motivate, choose amongst best talents, develop key policies, and bring out innovative deals amongst the diverse spectrum of Industries complying with Business, Financial and other lead markets. The entire Award process is strictly supervised by expert panelists comprising of key subject matter experts taking extensive care in providing true in-depth analysis and review. For more information, please visit www.intlbm.com.

About Forex4you: Forex4you is a global online trading service with a clear vision–to bring a higher level of transparency to the online trading industry, and to make trading truly accessible to all. Since its inception in 2007, Forex4you was able to establish itself as a leading online trading service provider trusted by traders from all over the world. To date, Forex4you has more than 1.7 million active trading accounts and has successfully executed more than 700 million orders through its multi-platform trading systems. To learn more about this award-winning trading service, visit https://www.forex4you.com/

Week Ahead: UK Elections, Trade Talks, and Central Banks Meetings

Will the Conservatives secure a majority in the UK election?

Looking at where Sterling stands now, it seems evident that currency traders have been pricing in a Conservative majority in Parliament. With only a few days remaining until voters head to the ballot box on Thursday, bookies and opinion polls are showing the Tories still on course for a solid victory.

This would mean PM Johnson can get his Brexit deal through Parliament before Christmas, so taking the UK out of the EU by the end of January. Such an outcome will reduce uncertainty, but that wouldn’t be the end of the story as the UK still needs to reach a trade agreement with the EU. Expect the Pound’s upside to be limited in the event that the Conservatives win a majority on Thursday, as much of this outcome has already been priced in.

However, traders should be reminded of the most recent UK election two years ago and also the referendum result in 2016. Financial markets got both those results completely wrong and so there is a chance this could happen again. The possibility of another hung parliament shouldn’t be completely ruled out and traders need to be prepared for such a scenario. This would further delay Brexit and mean continued uncertainty for UK businesses and the economy, which in turn could hit Sterling hard and take it back below 1.28.

US-China trade talks

With less than a week until the December 15 deadline for the US to impose new tariffs on China, investors will be closely watching statements from US and Chinese officials. As of now, all that we have heard about is that trade talks are heading in the right direction. However, there aren’t any signs yet of a deal taking place in the next few days.

With US equity markets holding near record highs, most market participants believe that new tariffs will be delayed. President Trump doesn’t want to upset investors as we approach the 2020 Presidential elections as he needs to improve his approval rating. But given his unpredictable nature, it’s very difficult to anticipate his next move. A decision to delay tariffs for a few weeks, along with robust retail sales data released on Friday may provide a further push to equity markets. If Trump announces that December 15 tariffs will take effect, get ready for a big rally in safe-haven assets and a similar sized sell-off in stocks.

Fed and ECB policy decisions

After Friday’s robust US jobs report, Fed policymakers have strong justification as to why they will end the mid-cycle adjustment which has seen three interest rate cuts since July. We do not expect any significant change in language, but it will be interesting to see if growth and inflation forecasts have changed since September.

Inflation data will be released on the same day the Fed announces its decision. If CPI moves above 2%, there’s a chance the Fed will begin leaning towards tightening policy rather than loosening. That’s especially the case if a “phase one” trade deal gets signed.

The ECB is also expected to stand pat when it delivers its policy decision the following day. Instead, the focus will be on Christine Lagarde’s press conference as she delivers her first statement at the helm of the central bank. Investors want to know whether her approach will represent a continuation of Draghi’s policies or whether she has a different strategy.

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Disclaimer: The content in this article comprises personal opinions 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. ForexTime (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.

Harmonic Continuation Strategy – Webinar Dec 09

This informative presentation will teach you about harmonic continuation trading strategies such as the Gartley and Bat patterns. Godson will present both bullish and bearish setups to participants and explain the importance of risk management techniques. Register now to learn from our expert in the comfort of your own home!

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Godson Osagwu is a Forex Trainer with FXTM in Nigeria. He holds a Bachelor’s degree in Chemical Engineering from the University of Port Harcourt. After working for four years in the oil and gas industry, his passion for trading and analysing the financial markets materialised into a new career. He now uses his experience of trading the financial markets and his in-depth knowledge of commodities and stocks to help traders improve their understanding and trading potential.

He joined FXTM as a Forex Trainer under the expert mentorship of Head of Education Andreas Thalassinos and is a great addition to the team.