Grand Unveiling Amid Rising Confidence

What does that mean? Thanks to the negative sentiment stemming from rising US treasury yields and the retreat of US stock market, Both Asian and European stock markets continued to hold back. All in all, defensive and tech sectors tumbled while financials, industrials and retail sectors gained.

A surprisingly strong China PMI has failed to lift spirits to the Shanghai and Hong Kong stock market this morning, with the non-manufacturing gauge jumping to 56.3 from 51.4, far greater than the expected as new orders surged. The global reflationary story is certainly alive and kicking thanks to the US confidence figures released yesterday. Data out of the Eurozone surprised to the upside and US conference board consumer confidence jumped to 109.7 from 90.4, driven by a strong improvement in both expectations and the current financial situation.

Over to you, Joe

All eyes today will be on the grand unveiling of President Biden’s infrastructure plans, which should entail more investment and another massive boost to the economy and employment. There are reports of the total package totalling up to $4 trillion with the first tranche amounting to $2.25 trillion being announced later today.

Despite the fact that the market already getting excited about the plan, passage through Congress and actual implementation will be arduous and time consuming. Sadly nothing comes for free in this world and these grand plans come with a grand price tag too, which is set to come in the form of tax rises to the tune of $1.8 trillion over the next 10 years.

Greenback surged up following the rising yields

The dollar rankedthe top three best performing major currencies in Q1 confounding many of Wall Street’s finest, with USD/JPY nearly touching 111 this morning and EUR/USD slumping down to 1.17’s level. The latter is trying to stem a losing streak over the last seven trading days. The 38.2% Fibonacci retracement of its March to January climb comes in at 1.1695 so the zone around 1.17 should provide some floor of support, but bearish momentum in the pair is solid and upward price action remains limited.

Similarly, USD/JPY continues its recent moves but is now heavily overbought and trading outside of the Keltner bands. We mentioned the long-term trendline going back to December 2016 yesterday, so bulls are keen to close firmly above here on the month. Watch out for today’s release of the US ADP jobs report (750k jobs created expected) which may inform the markets on what to expect for the official March employment report on Friday.

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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.

Understanding Orders In MT4

Designed for both new and intermediate traders alike, this presentation will teach attendees all about the different types of orders one can make and how they can be used. Guests will also learn how to implement orders and take partial profit.

Theunis will provide practical examples and demonstrations, as well as answer your most pressing industry questions.

Don’t miss out on the chance to learn from one of our experts from the comfort of your own home!

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All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

The Moving Average Spring Strategy Applied

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.

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All the material presented in webinars from South Africa have been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

Trading With Popular Chart Pattern Reversals

Find out exactly how they work, and how they can help you time your entry into the market, with FXTM’s Head of Education, Andreas Thalassinos.

By the end of just one session, you will be able to identify a double top and double bottom, recognise head and shoulders and calculate minimum price objectives.

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Learn a key addition to your trading strategy with a leading forex expert!

FXTM Forex Trading Strategies Part 1 – Webinar Jan 19

The purpose of this webinar series is to explore the Forex Trading Strategies guide located on the FXTM website. In the first installment of this three-part series, both trading strategies and types of trades will be discussed and demonstrated on live charts. This presentation will help participants to gain confidence in their own trading skills. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

FXTM Forex Trading Strategies Part 2 – Webinar Jan 20

The purpose of this webinar series is to explore the Forex Trading Strategies guide located on the FXTM website. In the second installment of this three-part series, the Blade Runner Trade, the Daily Fibonacci Pivot Trade, the Bolly Band Bounce Trade and more will be discussed and demonstrated on live charts. This presentation will help participants to gain confidence in their own trading skills. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.
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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

FXTM Forex Trading Strategies Part 3 – Webinar Jan 26

The purpose of this webinar series is to explore the Forex Trading Strategies guide located on the FXTM website. In the third installment of this three-part series, the London Hammer Trade, the Forex Fractal Trade, the Forex Dual Stochastics Trade and more will be discussed and demonstrated on live charts. This presentation will help participants to gain confidence in their own trading skills. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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  • Check your inbox for the webinar link

FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Lukman’s Week Ahead: Market Themes To Watch Out For – Webinar Jan 18

From the basics of learning how to trade, to in-depth analyses of complex strategies, we’ve got a webinar to suit traders of all learning styles and experience levels.

Join one of our free webinars today:

  • Learn the fundamentals of trading
  • Receive insights into risk management practices
  • Understand trading psychology
  • Watch live trading and market analysis
  • Stay ahead with daily market updates
  • Upgrade your trading techniques
  • Discover complex trading strategies
  • Trade with more confidence

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FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

Monthly Outlook – Webinar Jan 11

Join our Senior Research Analyst, Lukman Otunuga, and Market Analyst, Han Tan, for the first Monthly Outlook of the year to find out what the new year might have in store. This interactive presentation reveals potential trading opportunities with the Dollar, as the US welcomes a new president, the Pound, in the wake of Brexit’s final chapter and relentless Covid-19 concerns, Oil, as investors eagerly await news from scheduled OPEC meetings and much more! A live Q&A session will follow, providing you with the perfect opportunity to get your most pressing questions answered by our experts! Don’t miss out on the chance to learn more about what’s moving the markets in January, and what lies ahead for major markets in the first quarter of the year! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

The One Minute Exercise Demonstrated – Webinar Jan 13

This webinar is intended for new traders that understand the value of practicing on the price charts, but have limited available time. The One Minute Exercise and its basic principles will be demonstrated using a variety of instruments over a series of trades. Attendees will be able to ask questions and participate actively during the course of the webinar. The purpose of this informative presentation is to help traders to gain confidence in their own trading abilities. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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  • Check your inbox for the webinar link

FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

The One Minute Exercise Introduction – Webinar Jan 07

This introductory webinar is intended for new traders that comprehend the value of practicing on the price charts, but have limited available time. The One Minute Exercise and its basic principles will be introduced using a variety of instruments over a series of trades. Attendees will be invited to ask questions and participate actively during the course of the webinar. The purpose of this informative presentation is to help traders to gain confidence in their own trading skills. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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

FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

FXTM Launches Innovative New Indices and Introduces Zero Spreads on Major FX Pairs

The new products, promoted as new Currency and Stock Baskets, include six FX indices monitoring the performance of EUR, GBP, USD, JPY, AUD and NZD against baskets of other currencies, as well as creative stock indices reflecting the performance of Social, Green, Space, Mobile and Vegan-related companies.

The company also introduced zero spreads on major FX pairs on its ECN account, with commissions that can go as low as just $0.2 per lot.

Commenting on the news, Exinity Group’s Chief Dealer Charis Mountis said: “In 2020, the heightened volatility in financial markets have brought renewed interest in the retail trading space. To help our clients seize even more trading opportunities, our trading team has devised these creative currency and stock indices, combined with zero spreads on major FX pairs — enabling clients to make the most of out every trade with us”.

Many of the new indices are already proving popular among FXTM clients. A full list of the available indices includes:

  • EUR Index
  • USD Index
  • JPY Index
  • GBP Index
  • AUD Index
  • NZD Index
  • Social Index
  • Green Index
  • Mobile Index
  • Space War Index
  • Vegan Index

*While spreads for EURUSD and GBPUSD will typically be at zero for most of the time on the ECN account, FXTM cannot guarantee spreads will always remain at zero, especially during volatile times. Commission on the ECN account is floating and depends on trading volume and equity.

New indices are available on ECN MT4, while zero-spreads are available across ECN MT4 and MT5.

For more information on FXTM’s new indices, please visit here.

FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares.

FXTM brand is authorized and regulated in various jurisdictions. ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475. Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295. Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.


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.”

 

Live Analysis and Market Structures’ – Webinar Dec 14

This webinar is intended for new and intermediate traders alike, and demonstrates the value of market structures such as Head and Shoulders live on the price charts. Theunis will explore technical analysis and reveal the dangers of over-analysing. There will be also be a live Q&A session, enabling you to having your most pressing trading questions answered. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Multi Time Frame Trading Strategy Demonstrated – Webinar Dec 09

This presentation is intended for both new and experienced traders that are interested in seeing this method demonstrated live in action. Theunis will provide practical demonstrations on MetaTrader 4 using a variety of time frames, as well as introduce vital risk management techniques. Attendees will be able to ask questions and participate actively during the course of the webinar. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Monthly Outlook for December – Webinar Dec 07

This interactive presentation reveals potential trading opportunities during the aftermath of the US elections and upcoming Brexit deadline negotiations, and reveals what could be in store for the USD, the Pound and the S&P 500. A live Q&A session will follow, providing you with the perfect opportunity to get your most pressing questions answered by our experts! Don’t miss out on the chance to learn more about what’s moving the markets this December! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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Lukman Otunuga is a research analyst at FXTM. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in the various factors affecting the currency markets. . Read Lukman’s full profile.

Tan Chung Han (Han Tan) joined FXTM in January 2019 as a Market Analyst. A highly experienced financial journalist and news presenter with an in-depth understanding of the Southeast Asia and Asia-Pacific regions, Han will be providing valuable insights into local and international market news, as well as macroeconomic trends. Han will also act as the face of the company for these regions by providing market commentary, thereby solidifying FXTM’s reputation as a leading authority on world currency trends. Read Han’s full profile.

The Builder Strategy Applied – Webinar Nov 18

This presentation, designed for both new and intermediate traders alike, explores the Builder Strategy and reveals how it can be used to potentially benefit your trading. Theunis will offer practical demonstrations on MetaTrader 4 and explain the dangers of both over-analysing and over-trading. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Applied Economics, Everyone is Trading – Webinar Nov 23

This presentation explores the fundamentals of economics and how to understand these concepts to help create an investment portfolio. Attendees will learn to use to price charts to unlock potential trading opportunities, and gain an understanding of the four major asset classes. Theunis will also offer practical demonstrations and answer your most pressing industry questions. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

The Builder Strategy Introduction – Webinar Nov 11

This presentation introduces the Builder Strategy as a trading concept, and reveals how it may impact your trading. Attendees will learn to identify the early stages of a new trend, as well as how to utilise risk management techniques in conjunction with this strategy. Theunis will provide practical examples and demonstrations, as well as answer your most pressing industry questions. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Resistance and Support, Define the Playing Field – Webinar Nov 10

This presentation introduces support and resistance levels, and reveals how they may impact your trading. Attendees will explore both the advantages and disadvantages of using these levels, and discover how they can be used to identify potential trading opportunities. Theunis will provide practical examples and demonstrations on live price charts, as well as answer your most pressing industry questions. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Accessing FXTM Trading Signals – Webinar Nov 03

This presentation introduces FXTM trading signals and reveals how they could potentially benefit your trading. Attendees will explore the various ways that these signals can be used as an indicator for possible higher time frame momentum, as well as in conjunction with other trading methods and strategies. Theunis will provide practical examples and demonstrations, as well as answer your most pressing industry questions. 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 has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading 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. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.