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ForexTime (FXTM) In the Media

As mentioned by leading international publications

ForexTime (FXTM) is internationally renowned for its time centric client services, innovative trading solutions and deep level of industry expertise. The company's products and services are frequently featured in the most credible of forex media portals, with appearances in newspapers, magazines, television and live events. Furthermore, the ForexTime (FXTM) management team which consists of individuals who are widely known and respected within the financial world, are regularly invited to provide analysis, market opinions and personal outlooks on the forex market and its constant development.

Below you can check out a few of this year's highlights…

NASDAQ
06.08.2019 - "The rapid and unexpected escalation in US-China tensions has sent markets scurrying towards safe-haven assets. Gold now has the psychological $1500 level in its sights, with Bullion prices having breached $1470 at the time of writing," said Han Tan, market analyst at FXTM.

The original article can be viewed on NASDAQ: Clear risk-off Signal From US-China Clash of Wills

    05.08.2019 - "This is the first time since May 2008 that the Chinese currency trades above the key psychological level of seven", said Hussein Sayed, chief market strategist at foreign exchange broker FXTM. "The PBoC has spent hundreds of billions of dollars over the past couple of years to prevent their currency from breaching this key level, but now that doesn’t seem to be the case. In fact, the currency tool may be very effective as it significantly offsets the impact of US tariffs. [...]"

    The original article can be viewed on City AM: Markets in turmoil as Chinese currency falls to financial crisis levels

      Reuters
      05.08.2019 - “Markets had not been expecting the latest US-China trade talks to conclude with any significant breakthrough last week, but very few expected President Trump to slap 10% tariffs on $300 billion worth of Chinese goods,” said Hussein Sayed, chief market strategist at FXTM.

      The original article can be viewed on Reuters: Trade friction hits stocks, yuan slumps to lowest in over a decade

        Daily Mail
        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

          The Guardian
          02.08.2019 - Lukman Otunuga, Senior Research Analyst at FXTM says: Gold glittered with extreme intensity on Thursday, jumping to a fresh two week high above $1445 as Trump’s tariff tweets sent investors stampeding for safety. The precious metal has scope to push higher this afternoon if the pending US jobs report fails to meet market expectations. With concerns over slowing global growth, renewed US-China trade tensions and Brexit uncertainty accelerating the flight to safety, Gold is fundamentally bullish.

          The original article can be viewed on The Guardian: Trump's fresh $300bn China tariff threat spooks markets

            Reuters
            01.08.2019 - U.S. Fed Chairman Jerome Powell sent “mixed messages” with his forward guidance when he cut U.S. rates by 25 basis points, the first cut since the global financial crisis in 2008, FXTM analyst Lukman Otunuga said. “The key takeaway that is causing gold to trade lower is that Powell said it’s not the beginning of a long series of rate cuts. Markets are now questioning whether it’s a one-and-done (step),” he added.

            The original article can be viewed on Reuters: Gold hits two-week low on doubts over further U.S. rate cuts

              01.08.2019 - But when the Fed did lower interest rates by a quarter-point on Wednesday, the market reaction to the rate cut was "totally the opposite" of what usually happens, said Hussein Sayed, chief market strategist at FXTM. The S&P 500 fell as much as 1.8%, its biggest loss in two months, and the dollar went up, extending its 2019 rally further.

              The original article can be viewed on Business Insider: The dollar climbed to its highest level in more than 2 years after the Fed cut rates. That’s the opposite of what Trump wants.

                Yahoo
                01.08.2019 - On Wednesday, FXTM market analyst Han Tan said that, although the sterling managed to bounce off the $1.212 support level against the U.S. dollar, the weakening bias for GBP/USD remains clear amid intensifying concerns over a no-deal Brexit. “With just three months remaining before the Oct. 31 Brexit deadline, the hardline stance employed by new U.K. Prime Minister Boris Johnson has done little to assuage concerns that the U.K. will avoid crashing out of the EU without a deal,” Tan said.

                The original article can be viewed on Yahoo: 'No End In Sight:' Boris Johnson's Brexit Prep Breaks The Pound, No-Deal Scenario Likely

                  Bloomberg
                  31.07.2019 - [...] South Africa still has time to avoid losing its last investment-grade credit rating, according to Lukman Otunuga, a London-based research analyst at FXTM. “With roughly three months, there is still some light at the end of the tunnel for South Africa should economic conditions stabilize” Otunuga said. While a downgrade from Moody’s could send the dollar-rand cross back to levels not seen since March 2016 -- around 16 per dollar -- the currency could strengthen to 12.50 per dollar if South Africa avoids the junk rating and the Fed continues to ease policy, he said.

                  The original article can be viewed on Bloomberg: Rand Has the Fed to Thank for Limiting Damage Inflicted by Eskom

                    31.07.2019 - Traders expect the Fed to cut interest rates by 0.25% today, with an outside chance of a 0.5% cut. Whether the central bank follows through is likely to "set the tone for policy easing out of other major central banks," said Han Tan, a market analyst at FXTM.

                    The original article can be viewed on Business Insider: US stocks are rising ahead of the Fed's first rate cut in a decade, even as Donald Trump fans trade-war fears

                      NASDAQ
                      30.07.2019 - "Intensifying fears of a no-deal Brexit under Johnson's leadership are already being reflected in Sterling which is weakening against every single G10 currency today," said Lukman Otunuga, Senior Research Analyst at FXTM.

                      The original article can be viewed on NASDAQ: Sterling Struggles to Nurse Wounds Inflicted by No-Deal Brexit Fears

                        CNN Money
                        29.07.2019 - "Concerns over the United Kingdom crashing out of the European Union with no Brexit deal in place is clearly haunting investor attraction towards [the pound]," said Lukman Otunuga, a research analyst at currency broker FXTM.

                        The original article can be viewed on CNN Money: Brexit is becoming the nightmare business has long feared

                          Reuters
                          29.07.2019 - “Both parties know they are running out of time to prevent a sharper slowdown in the global economy. However, given the past experiences, investor sentiment isn’t too high,” said Hussein Sayed, chief market strategist at FXTM.

                          The original article can be viewed on Reuters: Shares steady as Fed comes into focus; dollar at two-month high

                            Reuters
                            26.07.2019 - “The Brexit impasse has already reared its ugly head, just days into Boris Johnson’s tenure as UK prime minister ... The deadlock appears to solidify market concerns over the prospects of a no-deal Brexit, keeping the Pound rooted around the $1.24 mark against the U.S. dollar,” said Han Tan, analyst at FXTM.

                            The original article can be viewed on Reuters: Sterling edges lower after EU says Brexit deal only possible one

                              Yahoo Finance
                              25.07.2019 - "The dovish language employed by Mario Draghi does little to hearten global investors over the EU’s economic prospects. Germany’s dismal manufacturing PMI and business confidence data in July also pointed to stuttering growth momentum in Europe’s growth engine, which makes an economic rebound for the EU in the second half of the year increasingly unlikely," said Lukman Otunuga, Senior Research Analyst at FXTM.

                              The original article can be viewed on Yahoo Finance: ECB Holds Rates But Flags Rate Cut in September

                                NASDAQ
                                24.07.2019 - "While the resumption of trade talks appears to mitigate any near-term deterioration in US-China tensions, prudent investors will not get carried away, seeing as a meaningful deal still seems a long way off," said Han Tan, market analyst at FXTM.

                                The original article can be viewed on NASDAQ: Trade talks keep stocks afloat, weak PMIs sink euro

                                  CNN Money
                                  23.07.2019 - A "no deal" Brexit would trigger a recession and cause the pound to nosedive, according to official forecasts. Some experts say the pound and dollar could even reach parity. "It's something that could happen over time," said Lukman Otunuga, a research analyst at currency brokerage FXTM. "It's going to be a long and painful grind all the way to October 31."

                                  The original article can be viewed on CNN Money: Could the pound crash to $1? A 'Boris Brexit' might make it happen

                                    22.07.2019 - Oil prices remained comfortably below their highs earlier this month, however, suggesting investors don't expect further escalation or anticipate trade disputes will temper demand, said Hussein Sayed, the chief market strategist at FXTM. "While fundamentals do support lower oil prices, investors need to carefully watch the developments in Strait of Hormuz," he wrote in a morning note. "After all, the Strait is responsible for one-fifth of the world's oil supply, and any disruption will lead to a significant spike in prices."

                                    The original article can be viewed on Business Insider: Oil is surging as traders brace for the UK's response to Iran's seizure of a British-flagged oil tanker

                                      Reuters
                                      19.07.2019 - “Although central banks around the world have embarked on policy-easing in a bid to support their respective economies, investors are left to ponder whether the stimulus will be enough to offset the effects from heightened U.S.-China trade tensions,” said Han Tan, market analyst at FXTM.

                                      The original article can be viewed on Reuters: Fed rate cut bets lift stocks, dollar steadies

                                        Marketwatch
                                        18.07.2019 - “While many investors don’t like gold as an asset class given that it doesn’t provide any yield, at one point it may be a necessary portfolio diversifier especially when bonds of developed economies no longer provide a reasonable return,” wrote Hussein Sayed, chief market strategist at brokerage FXTM about Dalio’s comments.

                                        The original article can be viewed on Marketwatch: Gold settles at 6-year high, extends rally in electronic trading

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