The original article can be viewed on CNBC: The Chinese yuan is at its weakest level of the year
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A continuación puede consultar algunos de los momentos más importantes de este año…
10.06.2019 - Jameel Ahmad, global head of currency strategy at FXTM, told CNBC: “The region between 6.90-7 in the Yuan has historically been seen as a sensitive level for the currency. However, some of the recent tone that has been presented to the market has suggested currency weakness is not seen as such a sensitive subject in China as we have been accustomed to in the past.” With the yuan not rebounding from losses, he added that “speculation is increasing that the bias from Chinese authorities could change in the light of prolonged trade tensions.”
The original article can be viewed on CNBC: The Chinese yuan is at its weakest level of the year
17.04.2019 - “The reaction in equity markets was muted after the data release, probably because much of the positivity has already been priced in,” said Hussein Sayed, chief market strategist at FXTM.
The original article can be viewed on CNBC: European shares ease from eight-month high as miners weigh
12.03.2019 - The Canadian dollar is another commodity-linked currency that could also come under pressure, said Jameel Ahmad, global head of currency strategy and market research at foreign exchange broker FXTM. "In a hypothetical scenario where oil hits the floor on fears of reduced demand from China, then other commodity-linked currencies that are at risk to feeling the brunt of the pressure include the Canadian Dollar and even the Russian Ruble," he told CNBC in an email.
The original article can be viewed on CNBC: These are the currencies most vulnerable to China's economic slowdown
21.02.2019 - Jameel Ahmad, global head of currency strategy and market research at foreign exchange broker FXTM, echoed that sentiment, saying the idea of a Chinese devaluation is not worthy of attention "in the current day and age." If anything, he added, a neutral observer would expect Beijing's "preference would be for strength in the Chinese currency, because of the impact this can have on risk appetite and emerging market sentiment."
The original article can be viewed on CNBC: The US keeps demanding actions on the yuan that China wants to take anyway
06.02.2019 - "Focusing on the technical picture, the metal has the potential to rebound towards $1,320 if $1,308 proves to be reliable support," Lukman Otunuga, research analyst at FXTM, said in a note. "A breakdown below $1,308 is likely to invite a decline back towards the psychological $1,300 level."
The original article can be viewed on CNBC: Gold slips as dollar gains, investors eye trade talks
15.10.2018 - "While the sell-off in stocks rekindled some demand, there were other key factors in play. With escalating trade tensions, concerns over slowing global growth, geopolitical tensions and U.S. mid-term election jitters in the mix, gold has a chance to shine," said Lukman Otunuga, Research Analyst for FXTM.
The original article can be viewed on CNBC: Gold stays near two-and-a-half month high as risk aversion lends support
13.06.2018 - Lukman Otunuga, analyst at brokerage FXTM, said higher oil production and forecasts of more to come were already undermining prices: "The prospect of easing supply curbs from OPEC-led producers continues to be reflected in oil's overall depressed price."
The original article can be viewed on CNBC: UPDATE 5-Oil prices drop as supplies increase
02.04.2018 - "A tariff 'tit-for-tat' is a lose-lose situation. So it's likely that after this war of nerves, the world's two largest economies will find a middle ground," Hussein Sayed, chief market strategist at Forextime, said in a note.
The original article can be viewed on CNBC: Asia closes lower after Wall Street sinks on tech, trade worries
06.09.2017 - "The combination of improving economic data in China and the ongoing weakness in investment sentiment towards the dollar, is encouraging for the yuan," said Jameel Ahmad, chief market analyst at FXTM, a forex broker.
The original article can be viewed on CNBC: China's yuan has fully recovered from 2016 and analysts say there's still room to run
23.08.2017 - "A sense of anticipation can be felt across the financial markets ahead of the Jackson Hole Symposium later this week," said FXTM research analyst Lukman Otunuga in a Wednesday evening note. While European Central Bank President Mario Draghi is not expected to deliver new policy messaging, the possibility of "verbal intervention to weaken the euro" should not be ruled out, Otunuga added.
The original article can be viewed on CNBC: Most Asia markets climb following Wall Street dip on Trump government shutdown threat
03.08.2017 - "Much attention will be directed towards the NFP report on Friday which could open a clean path towards 6.7000 (per dollar)if NFP falls below market expectations," Lukman Otunuga, research analyst at FXTM said in a note on Friday.
The original article can be viewed on CNBC: China's yuan eases, but set for 4th winning week
05.07.2017 - "Further downside (in dollar/yen) could be expected if uncertainty and geopolitical risk accelerate the flight to safety. From a technical standpoint, the dollar/yen has found some resistance at 113.50. A failure of bulls to secure control above this level could open a path lower back towards 111.60," FXTM research analyst Lukman Otunuga said in a Tuesday evening note.
The original article can be viewed on CNBC: Asian markets close mostly higher, shrugging off North Korea missile launch
14.06.2017 - "Regardless of the current upside gains, the British pound remains vulnerable to heavy losses with the outlook tilted to the downside aspolitical instability in the U.K. weighs heavily on the currency," FXTM Research Analyst Lukman Otunuga said in a Tuesday evening note. The hung parliament result following the U.K. election might have prompted optimism for a softer Brexit, but the sterling remained "overshadowed" by instability in Westminster, Otunuga added.
The original article can be viewed on CNBC: Asia closes mostly lower following release of China industrial data; Fed awaited
25.05.2017 - FXTM Research Analyst Lukman Otunuga said oil prices remained caught between optimism over the OPEC-led deal and U.S. shale limiting gains. "I believe that U.S. shale is a significant threat to the OPEC deal, especially when considering how the surging output from the U.S. has seized market share from other OPEC members ... While it may be too early to say that this is the end of OPEC, U.S. shale has considerably weakened the cartel's grip on the global markets," Otunuga said in a note.
The original article can be viewed on CNBC: Asia closes higher after Fed minutes; oil prices up ahead of OPEC meeting
24.05.2017 - "There is a growing possibility of the European Central Bank (ECB) rattling the financial markets in the pending ECB meeting as the recent political relief invites ECB hawks. With economic data from Europe following a positive trajectory, the ECB could start considering a stimulus exit at the next meeting, which may strengthen the euro further," said Lukman Otunuga, an analyst at FXTM, in a note.
The original article can be viewed on CNBC: Asian markets close mostly higher after Moody's downgrades China; FOMC minutes, OPEC meeting in focus
08.05.2017 - "It's all about inventories and U.S. shale versus OPEC," said Hussein Sayed of brokerage FXTM. "OPEC members have no choice but to talk up prices by signalling an extension to the production cuts agreement." He said oil prices would probably rally "but the recovery won't be a straight line."
The original article can be viewed on CNBC: Oil prices give up gains, U.S. output weighs against OPEC-led cuts
02.05.2017 - While no one expects any changes to policy, the 500-word statement will probably provide some direction to the dollar," said Hussein Sayed, chief market strategist at FXTM. "'Will the Fed acknowledge a slowdown in growth and thus send rate hike expectations lower for 2017?' The Fed's statement should be answering these questions, and based on that, traders will act."
The original article can be viewed on CNBC: US STOCKS-Wall St set to open flat; Fed meet, Apple report awaited
06.04.2017 - "With Trump in the past repeatedly accusing China of keeping its currency at artificially low levels against the dollar and stealing American jobs, the outcome of the meeting is something that remains unknown," said Lukman Otunuga, research analyst at FXTM. "If Trump decides to play hardball and maintains his harsh rhetoric on China, then risk aversion may intensify consequently sending investor's rushing towards safe-haven assets," he said.
The original article can be viewed on CNBC: Stocks close off highs after Trump comments on North Korea, Syria; jobs, Xi meeting loom
04.04.2017 - "While the fanatical optimism over Trump's proposed fiscal policies boosting U.S. growth has fueled the phenomenal stock market rally, the rising protectionist fears and concealed concerns over the pro-growth agenda falling short of expectations could catalyze an unexpected selloff," said Lukman Otunuga, research analyst at FXTM.
The original article can be viewed on CNBC: US stocks open lower as Wall Street remains cautious ahead of Trump-Xi meeting
03.04.2017 - Lukman Otunuga, research analyst at FXTM, said the two-day meeting "may be classified as an event risk." "Any complications or tension in the meeting could spark risk aversion consequently pressuring stock markets while boosting attraction for safe-haven assets," he said.
The original article can be viewed on CNBC: Stocks close well off session lows, but still fall, after economic and auto sales data