The original article can be viewed on Marketwatch: Gold futures tally highest finish since July
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Take a look at some of the most noted articles below…
04.12.2018 - “With the dollar facing multiple headwinds in the form of falling U.S. Treasury yields and a Fed that seems to be adopting a dovish tone, this is all good news for zero-yielding gold,” said Lukman Otunuga, research analyst at FXTM, in a daily update. The appreciation in gold prices “continues to highlight how the yellow metal remains primarily influenced by the dollar’s performance.”
The original article can be viewed on Marketwatch: Gold futures tally highest finish since July
03.12.2018 - "While bulls seem to be well in control for now, investors need to know that what was achieved is only a short-term relief to markets," Hussein Sayed, the chief market strategist at FXTM, said in an email.
The original article can be viewed on Business Insider: Global markets are ripping higher after Trump and Xi's trade-war agreement
03.12.2018 - NO, says Lukman Otunuga, research analyst at FXTM. "It was highly coincidental that Jerome Powell softened his line on interest rates following Donald Trump’s repeated criticism of the Fed. The Fed is an independent body free from political influence, so it doesn’t conclude that Trump influenced Powell’s dovish speech"
The original article can be viewed on City AM: DEBATE: Do Jerome Powell’s recent comments suggest that Trump is influencing the Fed’s policy?
30.11.2018 - “It is fair to say that the market outlook for the rest of 2018 hangs on whether Trump and Xi are able to see eye to eye on trade. Although a breakthrough deal is deemed unlikely, any encouraging signs of cooperation or interest for further negotiations will be warmly welcomed by financial markets,” said Lukman Otunuga, research analyst at FXTM.
The original article can be viewed on Marketwatch: Dollar strengthens, shakes off dovish Fed as G-20 summit kicks off
29.11.2018 - "November has not been a kind month to the oil markets. The commodity has transitioned from hitting a near four-year high early in October to seeing its value drop by close to $20 in six weeks. Oil has during this time have flirted with bear market territory beforeas recently in Mid-November, suffering its biggest one-day decline since 2015 at 7%." said Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM.
The original article can be viewed on Forbes: Global Market Uncertainties Behind The Sudden Drop In Oil
28.11.2018 - Lukman Otunuga, research analyst at City firm FXTM, believes the Bank’s analysis strengthens the prime minister’s hand, as she tries to force MPs to back her deal: On the bright side, the Bank of England stated that a close economic relationship with the EU could boost GDP growth by 1.75% over the next five years.
The original article can be viewed on The Guardian: Bank of England warns no-deal Brexit would cause historic downturn - as it happened
27.11.2018 - “Donald Trump’s renewed tariff threats against China have magnetized investors to the U.S. dollar,” Lukman Otunuga, a research analyst at broker FXTM, said in a note.
The original article can be viewed on Reuters: World stocks finish higher on China trade-deal hopes; dollar rises
26.11.2018 - Meanwhile, Hussein Sayed, chief market strategist at FXTM, said sterling traders “know very well that the real struggle is just about to begin”. “There’s a lot of bad news that is currently priced in sterling, but more to come if the deal is voted down by parliament, so expect risk to remain skewed to the downside,” he added.
The original article can be viewed on The Independent: Sterling ‘muted’ after EU summit as Italy budget breakthrough hopes boost euro
24.11.2018 - “The truth of the matter remains that rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets,” wrote Lukman Otunuga, research analyst at FXTM. “With an appreciating dollar rubbing salt into the wound, the outlook for oil prices points to further downside.”
The original article can be viewed on Marketwatch: Bitcoin’s haven claim is destroyed amid broad pummeling of riskier assets
22.11.2018 - "Even if a breakthrough is achieved with EU leaders, the next major challenge will be for the draft Brexit agreement to be passed through parliament. "With a strong sense of pessimism and negativity in the air over parliament approving any deal Theresa May brings forward, fears of a no-deal Brexit outcome will most likely weigh on the mind of many investors. "A scenario where the UK ends up crashing out of the European Union with no deal in place will be the knock out blow for the British Pound."
The original article can be viewed on BBC News: Business Live: Oil slips again
20.11.2018 - “Bitcoin collapsed like a house of cards on Monday,” Lukman Otunuga, research analyst at FXTM said in an email. “While most are blaming the Bitcoin cash ‘hard fork’ as a key player behind Bitcoin’s weakness, technicals could have played a role. The weekly close under the $6,000 level was a bearish confirmation of further downside. The cryptocurrency has scope to extend losses if sellers are able to conquer the $US5,000 level.”
The original article can be viewed on Business Insider: Bitcoin 'collapsed like a house of cards': Cryptos are in meltdown
20.11.2018 - “It seems investors have two key concerns. One is the anxiety over the trade tensions narrative, and two, what will the Fed do next,” said Hussein Sayed, Chief Market Strategist at FXTM. “With all three major indices trading below their 100- and 200-days moving averages and all the FAANG stocks in bear territory, it now requires a solid shift in fundamentals to revive confidence.”
The original article can be viewed on Reuters: US STOCKS-Futures drop as Apple-led tech slide deepens
19.11.2018 - “If we hear more dovish comments on the tightening cycle, this will drag the dollar lower and give another push to gold prices,” said Hussein Sayed, chief market strategist at FXTM.
The original article can be viewed on Reuters: PRECIOUS-Gold firm as uncertainty about U.S. rates saps dollar
12.11.2018 - “Gold has fallen in line with the [U.S. dollar] drive, meaning that the current rally in the greenback is not a reflection of a safe-haven spree from traders,” said Jameel Ahmad, global head of currency strategy and market research at FXTM, in a daily note. “This does weigh in line with the view that investors are piling up bullish dollar bets, which makes me more suspicious that this move has been encouraged by skepticism that a trade agreement with China can really be agreed in November.”
The original article can be viewed on Marketwatch: Gold extends loss to a third session as dollar strengthens to 1 ½-year high
07.11.2018 - “One of the more interesting trend to have monitored in the aftermath of the mid-term results is the acceleration in near-term dollar weakness,” said Jameel Ahmad, global head of currency strategy and market research at FXTM.
The original article can be viewed on Marketwatch: Why the midterm results sparked an emerging-markets rally
07.11.2018 - Jameel Ahmad, global head of currency strategy & market research at FXTM, says: One of the more interesting trends to have monitored in the aftermath of the mid-term results is the acceleration in near-term Dollar weakness. This suggests that investors are descaling away from heavy US dollar buying positions and have potentially been put off holding onto their positions because of the consensus that the Liberal Democrats taking control of the House provides a potential roadblock to President Trump introducing further fiscal stimulus.
The original article can be viewed on The Guardian: Dollar falls and Wall Street rallies as US election 'clips Trump's wings' - as it happened
06.11.2018 - “One scenario (from the elections) is that both houses are retained by the Republicans, and this could be negative for gold,” said Hussein Sayed, chief market strategist at FXTM. “The opposite scenario could send equity markets much lower, boosting gold. Such uncertainty is keeping gold steady at the moment.”
The original article can be viewed on Reuters: PRECIOUS-Gold rises on uncertainty over U.S. midterm elections
06.11.2018 - Jameel Ahmad, head of market research at futures brokerage FXTM said the “sanctions on Iran have been ... priced into the oil markets,” and that he would “instead focus more heavily on the global demand outlook because of the ongoing external uncertainties weighing down on economic prospects.” Ahmad added that he saw a slowdown in economic and fuel demand growth as “more of a risk for oil over the coming months.”
The original article can be viewed on Arab News: Oil drops on Iran sanction exemptions, economic concerns
25.10.2018 - In a note in the morning, when indexes were still down, analyst Liu Min at FXTM China said “While Chinese stocks are burdened by the U.S. market, losses are relatively small. Chinese investors continue to have a thread of hope.”
The original article can be viewed on Reuters: China blue-chip share index, bucking global trend, ekes out small gain
23.10.2018 - “Global equity bulls still have an opportunity to re-enter the scene on the back of robust corporate earnings. However, expectations of higher U.S. interest rates, global growth fears and geopolitical tensions all present downside risks to equity markets across the world,” said Lukman Otunuga, research analyst at FXTM, in a note to clients.
The original article can be viewed on Marketwatch: Europe stocks end lower as Italy’s budget issues dog eurozone