April Issue

What's New in FXCM?

Q2 is moving along nicely with some great trading opportunities. Pressure on the dollar is driving sentiment and we’re watching USD/JPY with the changing of the guard at the Bank of Japan. Oil markets are also supported after cut announcements by OPEC+ and there may be interesting volatility as the markets come to terms with the Fed’s hiking cycle.

At FXCM, we’ve added new stock CFDs, nearly 3,000 from top global markets. We’ve also rolled out a new web platform. Read on for more information on this update.

Lastly, thank you to all those who completed our newsletter feedback survey. The survey remains open, so there is still the opportunity to contribute if you haven't done so.

Top Market Events

The Fed is set to raise rates by 25 bps on 3rd May, which may be the final hike in this cycle. CPI and PPI have both shown signs of moderation and the Fed indicated in its minutes that a recession later in the year is possible due to the fallout from the US banking crisis.

FXCM’s USDOLLAR basket is under pressure as the market debates whether or not there will be rate cuts later in the year. In terms of US indexes both the NAS100 and SPX500 show relative strength and trade in bullish zones, whilst the US30 is in a neutral area. The US2000 lags and is battling to stay out of a bearish channel. This bears watching as the smaller companies index tends to lead other indexes due to its closeness to the economy.

Q1 earning’s season is upon us and the forward guidance will be key drivers of the markets. Internationally the GER30 finds itself trading in a bullish zone.

In the Spotlight

USDOLLAR

FXCM’s USDOLLAR basket has elements of a topping pattern. 12,750 is a key support level and if that fails to hold, the next support level is at 12,620.

XAU/USD

Gold is trending up. Any pressure on the greenback will serve as a tailwind for the precious metal.

GER30

The German bourse is trending up. It may serve as an alternative to US markets as participants parse out the implications of a potential recession from the US banking crisis.

TRADE VOLATILITY

3,000 Global Stock CFDs Added

We’ve added nearly 3,000 stock CFDs from top markets around the world: USA, Hong Kong, UK, France, Germany and Netherlands. Check out the full list here.

Stay tuned for US and EU ETF’s and more than 500 stocks coming soon from new countries, such as Austria, Belgium, Denmark, Finland, Ireland, Italy, Norway, Portugal, Spain, Sweden and Switzerland.

Please note, new stock CFDs are available for Trading Station users. MT4 users can open a Trading Station account via MyFXCM.

Our New Web Platform

We’re working on creating our most powerful web-based platform yet! Designed to support a larger number of instruments and built using a state-of-the-art React framework, the new Trading Station Web will give greater access globally to our products and services. No downloads and installations needed - just login and start trading.

We’re still in beta testing, but things are getting very exciting. Brendan Callan, CEO of FXCM, commented: “Trading technology is constantly changing and as a leading player, it’s vital that we embrace innovation to stay ahead of the competition. Our new platform and web-based app provide our clients with the optimal experience and a suite of products and tools they need to succeed.”

Watch this space in the coming months for updates.

If you would like to submit any feedback or feature requests for the new platform, please submit your comments here.

EXPLORE PLATFORM

Stellar Service Delivered

Take a look at the client service response times across the FXCM Group in the month of March.

Source: FXCM Service data, review period: March 2023.

1 minute and 11 seconds

Average time to answer your call.

2 seconds

Average wait time for live chat support.

Top Traded in March

See the top instruments by trading volume during March 2023 across the FXCM Group.

Top 5 across all markets

SYMBOL
1 USD/JPY
Spot FX
2 XAU/USD
Spot Gold
3 EUR/USD
Spot FX
4 GBP/USD
Spot FX
5 NAS100
E-Mini Nasdaq 100 Future

Top 5 Stocks

SYMBOL
1 TSLA.us
Tesla Motors Inc.
2 MSFT.us
Microsoft
3 NVDA.us
NVIDIA
4 META.us
Meta Platforms Inc.
5 BIDU.us
Baidu.com

FXCM Group Awards

BEST ZERO COMMISSION BROKER
2022

ADVFN

BROKER OF THE YEAR
2022

Ultimate Fintech Awards

BEST IN CLASS
2022

ForexBrokers.com

BEST FOREX TRADING PLATFORM
2021

Shares Awards

Past Performance: Past Performance is not an indicator of future results.

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