What's New in FXCM?
Are you all set for the Earnings season?
Banking giants have kicked off the Q2 earnings spell. Participants will be assessing this season’s results to see if they justify the outlook for stocks. With tech having done so well this year, in no small part because of the explosive interest in AI, all eyes will be on Nvidia, which is up over 200% YTD, Tesla (reporting today), Meta reporting in the final week of the month, AI news out of Microsoft reporting on 25th, and Apple on August 3rd. Plenty to watch out for!
Read on to find out more about top market events coming up plus the latest on our platform integrations and custom watchlists. You also have the chance to pick up a $30 cash bonus for taking our new platform for a spin.
Have a great week trading!
Top Market Events
As we approach Q2 earnings’ season, most of the major indices appear to be making gains to the upside following a sell-off just after the US holiday in July and following a bullish run for most of June. Even if some earnings reports come in lower than expected, the recent drop in US CPI and a simultaneous fall in USDOLLAR, appear to be adding momentum to the prevailing bullish tailwinds, driving the indices higher.
The non-farm Payroll jobs data showed some moderation, but remains strong, which may prompt the Fed to hike by another 25 bps on 26 July. GER30 and UK100 both dropped heavily in early July but have hit strong areas of support and are moving back up.
In the Spotlight
High interest in the UK keep the British pound pushing higher, gaining against most currencies, including the US dollar.
Although the NAS100 sold off at the end of June, into early July, its relentless momentum for most of this year suggests it’s only taking a breather before making another push higher, possibly propelled upwards by positive earnings reports.
US2000 has lagged but has done enough to chart an uptrend. Given its improving momentum, it may push through the next area of resistance around 1928.
Take Our New Platform for a Spin and Receive $30 Cash Bonus
Place your trades through our progressive web application platform and earn $30 bonus upon completing 2 standard lots in FX or 200 contracts in CFDs* any time between now and 30th September.
For further details, please see the Promotion Terms and Conditions.
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*XAG/USD and JPN225 are not included in this promotion.
New features just added to Trading Station Web 3.0
Economic Calendar and Technical Analyzer are now integrated:
- The Trading Central Economic Insight provides you with tools to monitor, anticipate and act on market-moving economic events.
- The Technical Analyzer tool can help you discover critical technical levels on your charts, such as moving average, MACD and RSI crossovers.
Create custom watchlists through the Watchlists menu.
- Your watchlists are saved in the cloud and tied to your account.
- Access your watchlist from any browser – even if you clear cookies.
Top Traded in June
See the top instruments by trading volume during June 2023 across the FXCM Group.
Top 5 Stocks
Tesla Motors Inc.
Advanced Micro Devices Inc.
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 2023.
Average wait time for live chat support.