The original article can be viewed on Daily Mail: Stocks eke out gains on flickering trade hopes
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Below you can check out a few of this year's highlights…
27.08.2019 - "Global investors have had their emotions toyed with amidst the ever-shifting sands of the U.S.-China trade conflict," said Han Tan, market analyst at FXTM. "Market nerves have been left raw, with the delicate sentiment prompting knee-jerk reactions to every nuance pertaining to the highly unpredictable U.S.-China trade impasse." Until there are clear signs of progress in trade negotiations between the two countries, risk-aversion will continue to dominate market sentiment, Tan added.
The original article can be viewed on Daily Mail: Stocks eke out gains on flickering trade hopes
02.08.2019 - "The negative mood across markets suggests that investors are jittery," Lukman Otunuga, senior research analyst at FXTM, said in a note, warning again on the potential impact on growth.
The original article can be viewed on Daily Mail: Trump tariff threat hits Wall Street for second day
10.06.2019 - "The U.S.-Mexico trade breakthrough has improved risk appetite for investors, as it shows a deterioration in trade war fears," said Jameel Ahmad, global head of currency strategy and market research at online forex trading broker FXTM. "Assets such as gold have fallen... after what has been a very good couple of weeks for traditional safe haven assets," he added. As long as gold remains above chart support at $1,320 and $1,300, positive technical momentum should underpin prices, however, he said.
The original article can be viewed on Daily Mail: Gold drops from 14-month high as U.S.-Mexico deal lifts risk assets
06.05.2019 - "The risk-off sentiment has been the response to this swerve from Trump," said Han Tan, market analyst at FXTM. "While it remains to be seen whether the Trump administration will press ahead with the added tariffs, it's already evident that markets are taking some risk off the table, undermining the base case that investors had been pricing in: a formalized US-China trade deal in the near future."
The original article can be viewed on Daily Mail: US STOCKS-Futures sink after Trump escalates China tariff threat
02.04.2019 - A better U.S. and Chinese manufacturing outlook "helped ease concerns about slowing global economic growth," Hussein Sayed of FXTM said in a report. "However, it's still too early to conclude that the U.S. economy has made a U-turn," said Sayed, pointing to weak retail sales. "It's necessary to see an improvement in spending habits to indicate that momentum has started to build up."
The original article can be viewed on Daily Mail: Global stocks retain momentum from upbeat economic data
20.03.2019 - "Global growth concerns and ongoing oversupply fears (are) creating headwinds for the commodity," said Lukman Otunuga, analyst at futures brokerage FXTM.
The original article can be viewed on Daily Mail: Oil pulls back from 4-month highs amid economic growth concerns
24.01.2019 - ANALYST'S TAKE: "Will ECB President Mario Draghi acknowledge the darkening clouds today? Lowering growth and inflation projections may provide a sell signal to the euro, but Draghi's speech today may have even more impact on the single currency," Hussein Sayed, Chief Market Strategist at FXTM, said in a commentary.
The original article can be viewed on Daily Mail: European shares mixed, euro slips with ECB in focus
19.10.2018 - "We will continue to see some consolidation between $1,200 and $1,250 for a couple of weeks until we see a kind of catalyst ... this could be Brexit negotiations, the G20 meeting between the U.S. and China," said Hussein Sayed, chief market strategist at FXTM. "If we hear more dovish comments on the tightening cycle, this will drag the dollar lower and give another push to gold prices."
The original article can be viewed on Daily Mail: Gold holds tight range as uncertain U.S. rate view saps dollar
18.10.2018 - "If interest rates continue to move higher from their current levels, investors will become even more reluctant to buy the dips in stocks," Hussein Sayed, chief market strategist at FXTM, wrote in a note.
The original article can be viewed on Daily Mail: Dollar rides a Fed wave higher; stocks, oil drop
28.08.2018 - ANALYST TAKE: "A renewed sense of positivity and optimism continues to be felt across financial markets after the United States and Mexico reached a breakthrough deal over the NAFTA trade agreement," said Lukman Otunaga, research analyst at FXTM. "This highly encouraging development may ease trade war fears, elevate global sentiment and stimulate appetite for riskier assets. Although it remains uncertain whether Canada will join the agreement, there is an expectation that the nation agrees to the new terms in an effort to conserve the three-nation pact."
The original article can be viewed on Daily Mail: Global shares solid as US and Mexico reach trade agreement
04.05.2018 - "The trade talks carry the potential to negatively impact global stocks as a result of reduced risk appetite, and could also result in reduced purchasing momentum for emerging market currencies," said Jameel Ahmad, global head of currency strategy and market research at FXTM.
The original article can be viewed on Daily Mail: Yuan set for third weekly loss as markets eye tense trade talks
19.03.2018 - "Concerns over the potential for a Trump trade war still seem to be weighing on the minds of investors, with a lack of risk appetite still leading to caution in global stock markets," FXTM research analyst Lukman Otunuga said.
The original article can be viewed on Daily Mail: Pound surges as post-Brexit transition deal sealed
19.01.2018 - Lukman Otunuga, a research analyst at FXTM, said an “unsavoury combination” of rising inflation and tepid wage growth had “sapped” consumer spending power. “With wage growth consistently lagging behind inflation and putting the squeeze on household incomes, concerns are likely to heighten over the sustainability of Britain’s consumer-driven economic growth,” he said.
The original article can be viewed on Daily Mail: Sterling stumbles after dismal reading on December retail sales
14.06.2017 - The yuan spot rate found comfort marginally stronger than the 6.8 per dollar level, Lukman Otunuga, Research Analyst at FXTM said. "The USDCNY remains at risk of trading lower if the Federal Reserve adopts a cautious tone in Wednesday's FOMC meeting," he added.
The original article can be viewed on Daily Mail: China's yuan firms ahead of Fed move, market split on PBOC's response
25.05.2017 - ANALYST VIEWPOINT: "Although expectations of a rate hike in June were realized when Federal Reserve officials said it would 'soon be appropriate' to raise rates again, the longer-term hiking path remains clouded," said Lukman Otunuga, analyst at FXTM. "The prospect of a third U.S rate increase by the Federal Reserve in 2017 still remains under threat, especially when considering how Trump uncertainty still remains a major theme."
The original article can be viewed on Daily Mail: Most world stocks rise after Fed minutes; oil rally fades
02.03.2017 - Another analyst warning regarding the Trump rally Hussein Sayed, chief market strategist at FXTM, warned: 'Equities analysts and strategists including myself have been arguing for some time that if no further details were provided on how and when the proposed US tax reforms and spending plans will take place, the market rally should take a pause. 'However, US President Donald Trump provided no new details in his speech to Congress on Tuesday, and yet, stocks surged to new highs.'
The original article can be viewed on Daily Mail: MARKETS CLOSE: FTSE cools after yesterday's mammoth 119 point gain; Snapchat soars on debut Snap launches mammoth $24billion IPO
30.01.2017 - There was "an air of caution" on stock markets which had seen major rallies after Trump's election based on fiscal promises, noted Jameel Ahmad, an analyst at FXTM. He said it was difficult to believe "that investors are not now reconsidering what damage Trump might do by implementing other promises that supplemented an incoherent and ranting political campaign".
The original article can be viewed on Daily Mail: Global equities rocked by Trump travel ban
23.01.2017 - ForexTime Research Analyst Lukman Otunuga said persistent Trump uncertainties has played a key part in the dollar's sharp rebound with further upside expected in the short term if the Dollar remains subdued. He said: 'Trump adopted a protectionist stance in his inauguration speech which sparked concerns of rising trade protectionism. Sellers swiftly exploited the lack of clarity in the speech regarding the proposed fiscal stimulus measures to attack the Dollar Index lower'.
The original article can be viewed on Daily Mail: Pound jumps to a five-week high against dollar as Trump's inauguration speech sparks fears of free trade uncertainty
21.12.2016 - Lukman Otunuga, Research Analyst at FXTM comments: 'Sterling was dealt a pre-Christmas beating this week with prices edging towards $1.2300 as the ongoing Brexit anxieties dented buying sentiment. 'Uncertainty remains the name of the game when dealing with the Pound which is on target to being the second-worst performer among major currencies. 'With the bearish combination of Brexit jitters and a strengthening Dollar enticing sellers, the GBPUSD could end the year around 1.2200.
The original article can be viewed on Daily Mail: Government borrowing deficit falls 4.4% on last year
05.12.2016 - Jameel Ahmad, market analyst at FXTM, said: 'While political change in Italy is not something that the world is immune towards, there is anxiety that this round of political instability will rock economic confidence and negatively impact the Italian banking industry that is considered to be a danger spot for the Eurozone.'
The original article can be viewed on Daily Mail: FTSE CLOSE: Stock markets rise across Europe and America as Italians say arrivederci to PM Matteo Renzi