|ECN Account Type|
|PayPal Funding Method|
Dear JustForex clients!
The trading contest for real Forex Jedi knights has started. Two stages. The prize fund of 25 000 USD. Just from October 6, 2017, till October 22, 2017, register in the first stage of the contest to win one of the money prizes.
Steps on the way to your prize:
• Open Mini, Standard or ECN Zero account;
• Deposit this account with at least 500 USD;
• Register for the contest using a nickname;
• Start contest trading on October 23, 2017.
There will be only 10 winners determined by the Profit points: Profit points = Total Profit × Profitable days.
May the profit be with you!
To learn more about the contest follow this page.
Jump-start an exciting trading journey with Tickmill and explore our world-class services with the $30 Welcome Account.
New clients have the opportunity to trade with free trading funds, without having to make a deposit. The Welcome Account is very easy to open and the profit earned is yours to keep.
Enjoy a seamless trading experience with lightning-fast execution, while getting access to award-winning trading tools and resources.
The 100% Bonus Program is a bonus that is added to your LQDFX account and is credit to your trading account upon completion of the volume requirements. Simply trade to gain the bonus.
Unlike other bonuses, LQDFX will not stop from withdrawing your investment at any time, the Bonus will held in your LQDFX account and will be received upon completion of the volume requirements.
No hidden fees, no hidden rules. Simply be guided through the Terms and Conditions and be satisfied that your account bonus is in line with your investment goals.
The second week of August is characterised by a rather sluggish start as the economic calendar is relatively boring and most of the sensitive data have already found their way to the market.
So, the first marked miss in Eurozone’s macroeconomic statistics happened in the German manufacturing sector – output fell by 1.1% in June after rising for five consecutive months. The median forecast was at 0.2%, which, together with the pace of construction which slowed down by 1% in the same month, indicates a slowdown in economic activity in the leading economy of the eurozone. Data is likely to be a signal for caution for euro buyers before the release of the report on GDP in Germany in mid-August. The common currency, however, does not simply give up, gripping an edge against the dollar.
A strong payrolls report was a rather unexpected start for US statistics in August, as it ran counter to other indicators that indirectly indicated the weakness of the labour market. The number of jobs increased by 208K, wages by 0.3% tallying with the forecast, and unemployment fell to 4.3%, reviving hopes for a third Fed rate increase this year. Futures on the rate estimate the probability of a December increase in 47.0% compared to 42.8% last week. The dollar won back losses against most of the majors, but the lagging buoyancy for the European economy provides strong poise for EURUSD, which, however, only increases the probability of continuing Friday’s correction to the level of 1.17.
The British pound showed indifference to the sensitive data on household spending in the UK. The Markit report published on Monday showed that consumption, a key component of GDP, declined for the third consecutive month, showing the worst dynamics since 2013. The positive background for the pound, taking into account economic data and details by Brexit, is becoming more and more precarious, so with the growth of the dollar, the GBPUSD pair may adjust to the level of 1.29 this week.
The dynamics of oil prices is becoming increasingly ambiguous as the fundamental background is equally filled with both positive and negative components. On the one hand, there are falling inventories in the United States, Saudi Arabia’s export cuts in August, CFTC data, indicating a net gain in long positions. On the other hand, there are problems with the commitment to OPEC quotas, output growth in Libya and Nigeria, the uncertainty of the policy of shale companies in the United States. Contango market with prices above $ 50 is definitely a favourable environment for expanding the production of American firms, so this negative factor will definitely manifest itself. Today, prices fell by 1% under pressure of uncertainty before the OPEC meeting. The efforts of Saudi Arabia and the likelihood of a positive outcome of the meeting will probably bring prices for a little more than $50.
Stay tuned for more and trade with Tickmill!
On September 24 this year, German citizens will head to the polls to elect the nation’s Bundestag, or lower house. Incumbent Angela Merkel of the Christian Democratic Union of Germany (CDU) is running for fourth time, this year against, Martin Schulz of the Social Democratic Party. But there is also another player in the electoral race, the populist Alternative for Germany (AfD), which has entered Berlin’s state parliament, and now holds seats in 10 out of Germany’s 16 regional assembles.
Germany’s voting system combines elements of both direct and proportional representation. The ballot contains two votes: one for a candidate and one for a party. In the first vote, voters will choose their favourite candidate to represent their district in the parliament and in the second vote, they vote for a political party. Interestingly, voters can split their vote amongst parties. For example, one may cast their ballot for their local Christian Democrat candidate in the first vote and vote for the Green party in the second vote.
Undoubtedly, the key themes of this year’s elections are national security and immigration policy. Merkel has often been criticised by nationalist groups for her liberal approach to immigration. Populist candidates, including the far-right Alternative for Germany are expected to gain ground in the election and any signs of Merkel losing power may cause a market backlash and may also severely hit the Euro, European stocks and other assets with exposure to the European market. A Merkel loss could open the door to the rise of a new, Eurosceptic government and exacerbate the already tense relationship with Trump – especially if Schulz wins.
If one thing is certain, is that the German populist movement is rising in the wake of migrant crisis, and can pull votes from mainstream parties including the CDU and the SPD. All in all, the German election race is currently in ‘flux’ and the results remain mired in uncertainty. The German election marks the conclusion of a historic and market-moving electoral cycle in Europe.
Get ready to take advantage of the trading opportunities arising from another market-shaking event and benefit from Tickmill’s competitive trading conditions.
Typical spread on EUR/USD 0.2 pips | Ultra-fast execution from 0.1 second | 15 CFDs on stock indices
Trade the German Election
Losses can exceed the initial deposit.
The focus today will be on the UK as the European day starts with the country’s employment data. The report is not likely to move the needle either way however as both the claimant count rate and the unemployment rate are expected to remain the same (the former for the third consecutive month, the latter for the fifth consecutive month). The jobless claims rate, analogous to the US weekly jobless claims, is expected to be slightly higher but nothing dramatic. In short, the data are likely show the UK employment situation is steady. That’s actually not a bad outcome, given that survey measures of hiring intentions have been fairly weak and of course the economic picture has been uncertain since the Brexit referendum. If the data come in as expected, the currency is likely to be steady too.
US industrial production is forecast to rise a bit after two relatively weak months. This would be consistent with the increase in the average workweek and the rise in the ISM manufacturing index. The rise in the rig count also suggests that oil & gas production is increasing. Signs that US output is picking up and capacity utilization is increasing should add to the optimism about economic growth and future inflation that yesterday’s better-than-expected retail sales and Empire State manufacturing index engendered and be USD-positive.
The relatively small rise in US oil inventories that’s expected could be positive for oil, but I’d assume the price will be affected more by any further comments about the possibility of reaching an agreement at the Nov. 30th OPEC meeting.
Finally, the Australian unemployment rate is expected to rise even as the number of people in employment rises as well. That’s because the participation rate is expected to rise too. In that case, the rise in employment should be more important than the rise in the unemployment rate and the number could even be positive for AUD, although I wonder if market participants reacting quickly to a figure flashing up on the screen will be so analytical.