In this June edition, we walk you through our latest mobile app release and all its new features and take a closer look at the new Amazon.com stock price. Read on for all the details.
Thank you for trading with us and we hope you enjoy reading the June edition of our newsletter!
Top Market Events
Inflation remains a significant concern and is at a 40-year high, with headline CPI at 8.6% and the core reading at 6%. These are both higher than expected.
The readings accompany an upside surprise in the non-farm payroll number, which printed at 390K (vs the forecasted 325K) on 3 June. These point to a hawkish Fed, which will deliver a 50bps hike for June and another 50 bps for July. Pressure now builds for another 50bps in September.
Higher rates typically apply pressure to stocks. Also, inflation, coupled with a runoff in the Fed's balance sheet, should support the dollar. However, we note a concern - initial jobless claims have started ticking up. This increase brings into question the probability of a soft landing. i.e. the ability of the Fed to steer the economy towards a moderate slowdown is becoming more remote, and the danger of running into recession may be growing.
A big update to our Mobile App
What’s New in Version 2.8.0?
We are very excited to announce that the newest version of our Trading Station Mobile app is ready for use. We’ve redesigned the app to offer you improved discoverability and better instrument search experience.
The latest update includes:
New Discover home page. Easily browse through all available asset classes and the newest, trending and most traded instrument offerings.
New Symbol Search page. Get better search and display results thanks to an enhanced search algorithm.
New Watchlist tab. Keep tabs on the instruments you are most interested in by easily adding or removing your frequently traded products. The update includes a new search bar and an Edit button for improved navigation.
Performance improvements and optimizations.
Don’t have our app yet? Download it on your smartphone or tablet today! Don’t forget to turn on automatic updates.
Amazon 20:1 Stock Split – why is it good news for traders?
Did you have Amazon in your watchlist, but weren’t brave enough to hit that buy or sell button due to its high share price? Fear no more - Amazon.com had a 20:1 stock split on 3rd June meaning you can now trade it at a much more affordable price, freeing up your available margin and allowing you greater flexibility in your trading.
And remember, at FXCM you can go long or short easily and trade in fractional shares, creating even greater flexibility to open the trade size you want when you speculate on the movement of stocks.
For example, instead of buying one share of Amazon at $125, you can trade in increments of 1/10th of Amazon stock. By further applying leverage, the barriers for entry is much lower than the pre-split price of $2,500. That is quite a difference!
Interested to learn more on how do Stock Splits work on FXCM platforms? Check out our “Stock Split Treatment” Help article.
Client Service Stats
We know you expect a stellar service. Take a look at the client service response times across the FXCM Group in the month of May.
Source: FXCM Service data, review period: May 2022.
Average time to answer your call.
Average wait time for live chat support.
Top Traded in May
Find out top traded instruments by trading volume during May 2022 across the FXCM Group.
Top 5 across all markets
USD/JPY Spot FX
XAU/USD Spot Gold
EUR/USD Spot FX
US30 E-Mini Dow Futures
GBP/USD Spot FX
Top 5 Stocks
TSLA.us Tesla Motors Inc.
FXCM Group Awards
BEST ZERO COMMISSION BROKER 2022
BROKER OF THE YEAR 2021
Ultimate Fintech Awards
BEST FX PLATFORM 2021
BEST CUSTOMER SERVICE 2021
Ultimate Fintech Awards
Past Performance: Past Performance is not an indicator of future results.
Mobile Trademarks: iPhone, iTunes and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android and Google Play are trademarks of Google LLC.
Mobile Trading: There are a series of inherent risks with the use of the mobile trading technology including, but not limited to, the duplication of order instructions, latency in the prices provided, latency of rollover update, latency of order execution and other issues that are a result of mobile connectivity. It is strongly recommended that clients familiarise themselves with the functionality of the FXCM Mobile Trading Station prior to managing a live account via portable device.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.