What's New in FXCM?
This month, we are delighted to announce that for the second year running we have been named Broker of the Year* at the Ultimate Fintech Awards 2022. THANK YOU everyone who voted for us!!!
And that’s not all: this issue also contains details of our latest Share CFD instruments, top market events and more. Read on for all the details.
Thank you for trading with us and we hope you enjoy reading the July edition of our newsletter!
Top Market Events
The headline inflation YoY for June printed at a massive 9.1%, higher than the consensus forecast of 8.8%. Moreover, the annualised core number, which strips out volatile items such as energy and food, was also higher than expectations at 5.9% (5.7%). This upside surprise will confound the Fed, cementing at least a 75bps hike for July.
A worrying sign is the deepening of the 2-10s yield curve inversion. The bond market is screaming concern about economic activity, and in all the commotion, the dollar remains supported.
Keep an eye on the EURUSD. It briefly hit 0.9997 before finding support and moving higher. However, given the current macroeconomic environment, a break below parity threatens.
Dollar-denominated commodities and stock market values will likely remain under pressure as yields push higher.
As Q2 earnings season commences, company forward guidance will play an essential role in either adding to the momentum or stemming the tide.
We are excited to announce the addition of 68 new stocks to FXCM. These assets can help you explore new markets, hedge your risk, and provide new trading opportunities.
The new stocks are listed on NYSE and NASDAQ, and include popular brands, such as Nike, Nokia, Chevron, General Electric, Walmart, Blackberry and many more.
Check out our entire Share CFD offering here.
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 June.
Source: FXCM Service data, review period: June 2022.
1 minute and 4 seconds
Average time to answer your call.
Average wait time for live chat support.
Top Traded in June
Find out top traded instruments by trading volume during June 2022 across the FXCM Group.
Top 5 across all markets
E-Mini Dow Futures
Top 5 Stocks
Tesla Motors Inc.
Ping An Insurance
FXCM Group Awards
BEST ZERO COMMISSION BROKER
BROKER OF THE YEAR
Ultimate Fintech Awards
BEST FX PLATFORM
BEST CUSTOMER SERVICE
Ultimate Fintech Awards