What's New in FXCM?
We're in for a big month this November! We upgraded the active trader program as part of our thankful month promotion. This issue also contains details of our top market events and more. Read on for all the details.
Thank you for trading with us and we hope you enjoy reading the November edition of our newsletter!
The US Fed delivered another jumbo rate hike of 75 bps in November and hinted to a moderation of the pace at some point, but ruled any pause and pointed to a potentially higher terminal rate than previously expected.
US Inflation slowed in October, as headline CPI came in at 7.7% y/y and the first sub-8% reading since February, while Core CPI eased to 6.3%. Market expectations around the Fed’s rate path eased in the aftermath of the CPI report, but policy makers will have the chance to look at more inflation data until their next meeting in mid-December.
The Bank of England raised rates by a historically large 75 bps to 3% - a week after the UK got its third Prime Minister of the year. However, it pushed back against market expectations for the terminal rate and laid out a very challenging outlook for the economy. It projected a prolonged recession and inflation to peak at around 11% this quarter.
In the Spotlight
The stark policy differential between the Fed and the Bank of Japan, has fueled a massive rally in 2022, which led to 32-year highs in October. The pair however retreats from this level, with the second week of November being the worst of the year, due to soft US CPI report. It has breached significant technical levels as result, but policy differential is still unfavorable.
FXCM Thankful Month
Only in November and December, get more rewards from our upgraded ATG program. No upper limit to your rewards!
|Tier*||Notional Volume (in Million)||Rebate (per Million)|
|Special Tier||$5 to < $10||$2.5|
|Tier 1||$10 to < $25||$5|
|Tier 2||$25 to < $75||$10|
|Tier 3||$75 to < $200||$15|
|Tier 4||$200 to < $400||$24 Extra 20%|
|Tier 5||$400 and over||$30 Extra 20%|
Please note, if you are already participating in our Rebate Program, you do not need to re-register.
Best Practices of Successful Traders
Our market specialists have prepared a helpful guide to help our traders avoid the most common errors and increase confidence in the market.
What separates the successful traders from the unsuccessful?
READ FREE GUIDE
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 October.
Source: FXCM Service data, review period: October 2022.
Average wait time for live chat support.
Top Traded in October
Find out top traded instruments by trading volume during October 2022 across the FXCM Group.
Top 5 Stocks
Tesla Motors Inc.
FXCM Group Awards
*The rebate structure applies to forex, shares, commodities, cryptocurrencies and baskets. To see more details of the full ATG program structure, please visit Active Trader page.
Past Performance: Past Performance is not an indicator of future results.
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