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Our core mission is centered on the most precious commodity of all – time. By valuing time and understanding the importance of efficiency in the fluctuating, lightning-fast world of financial markets, every decision we make is designed to ensure that our clients and business partners, as well as our team of professionals, invest their time wisely. This road is paved by an ironclad focus on educating our customers. Knowledge is power, and empowering traders to get the best value for their investments is our passion.
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ForexTime (FXTM) In the Media
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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.
“Technical traders are likely to closely monitor how prices behave above the $1,324 support level this week.
Should this prove to be reliable support, the next key level of interest for gold could be found around $1,347,”
Lukman Otunuga, research analyst at FXTM, said in a note.
South Africa's rand rose for a third day with no further escalation in the government's internal dispute on the
central bank's mandate. "Investors are now turning their attention to data releases on manufacturing, retail
sales and business confidence to further gauge the economy's health," Lukman Otunuga, research analyst at FXTM,
said in a note.
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.”
After last week's news that the South African economy contracted by over 3% in the first quarter,
investors are now turning their attention to data releases on manufacturing, retail sales and business
confidence to further gauge the economy's health, Lukman Otunuga, research analyst at FXTM, said in a note.
"Should the pending reports fail to meet market expectations, the rand which is already tussling with domestic
headwinds, may find itself exposed to downside risks," the note said.
"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.
Navasangold Company is an investing company .This company has been established since 2013 . This company`s aims are education and analysis of news and trading conditions.Navasangold Company with it`s experienced and professional team is attempting to improve and transparent financial markets. In addition it`s ckecking out financial markets 24...