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2016

2016-10-24

February’s UK Manufacturing PMI survey headline the economic calendar in European trading hours. A slowdown in the pace of factory-sector growth is expected, with the headline index ticking down to 52.3 from 52.9 in the prior month.

UK news-flow increasingly outperformed relative to consensus forecasts over the past month, suggests analysts are underestimating the economy’s strength and opening the door for an upside surprise. This may encourage covering of net-short British Pound exposure build up in recent months, sending prices higher.

The spotlight then turns to US ISM Manufacturing data, expected to show the pace of contraction accelerated in February (48.5 vs. 48.2 in January). A better-than-expected print in line with recent outperformance on US data may stoke Fed rate hike bets, boosting the US Dollar.

The Australian Dollar erased overnight losses after another neutral RBA monetary policy announcement. While no change in rates was expected, traders were speculating that a recent deterioration in economic metrics would spur a dovish shift in rhetoric, paving the way for easing in the months ahead. Aussie Dollar erases post-China PMI drop on neutral RBA rhetoric

 Governor Glenn Stevens and company opted for the status quo however, judging the current setting policy as appropriate to deliver continued growth with inflation close to target. The door for easing was left open however, with Stevens saying that low inflation offers scope for rate cuts should that be appropriate.

The Aussie was on the defensive ahead of the RBA announcement after a disappointing set of Chinese PMI figures. The data set showed the manufacturing sector contracted at the fastest pace since November 2011 while services growth hit the weakest since the Great Recession trough in 2008.

2016-10-24

The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets. Yet upbeat economic data suggests that the move has been overdone, and it seems fairly clear that broader market turmoil remains the biggest driver of currency moves. A US market holiday on Monday makes continued near-term volatility less likely, but the true fireworks will likely come on Sunday night when Chinese traders return from Lunar New Year holidays.

Sharp declines in China’s stock markets acted as catalyst for the recent stretch of global financial market turmoil. China’s Shanghai/Shenzhen CSI 300 Index has nonetheless been spared from the past week of stock market sell-offs as domestic markets remained closed for New Year celebrations. Big moves out of the world’s second-largest financial market could once again set the pace for the rest of the world, and the key question becomes whether further market turbulence will send the Dollar to fresh lows.

FX traders could continue to sell the US Dollar—particularly against the Japanese Yen—if we see continued sell-offs in the S&P 500 and broader ‘risk’. The S&P itself is on its worst losing streak since the heights of the global financial crisis in 2008/2009. At that time any sell-offs in global markets coincided with US Dollar and Yen appreciation, but more recent stock market tumbles have actually produced Dollar losses.

This isn’t the first time this has happened—we saw much the same dynamic in August of last year as many believed the Euro had suddenly become a safe-haven currency. And indeed the US Dollar will likely remain correlated to moves in ‘risk’ for the foreseeable future. Yet traditional fundamental drivers of currency moves suggest that the USD could stage a comeback once one-sided speculative positions are fully unwound.

Any surprises out of upcoming US CPI inflation figures or the release of minutes from the US Federal Reserve’s January policy meeting could thus force important swings in US Dollar pairs. The Fed famously ended its zero interest rate policy at its December meeting and decided to keep rates on hold when it met through late January. In keeping rates unchanged, the FOMC statement showed officials feared sudden financial market turmoil could hurt growth prospects. Fed Chair Yellen spoke to such fears in her testimony to the US Legislature. Yet it will be important to see the extent to which the broader Federal Open Market Committee fears such risks. Any especially dovish commentary could force further US Dollar losses.

Volatility risks remain high on what promises to be another big week for the Dollar and broader markets. Whether or not the Greenback finally stages a recovery may ultimately depend on price action out of China and late-week Fed commentary.

2017-01-11

Dear Clients

We are glad to inform you that UKOil and USOil has been opened for trading. It will be available for trading excluding break time. We will be adding more instruments which are under process. Be with us to enjoy trading with latest technology and market update available 24 hours a day. Have a great trading!

Best Regards

WesternFX Support Team

2017-02-02

.

2016-10-25

.

2017-01-10

Dear clients,

We are glad to inform you that we have done final up-gradation of our website and released the brand new website! You can access more trading materials through our website now. There are lots of live markets update like – Fundamental news analysis, Chart analysis, Video analysis, Market summary and Trading Calculators which will help you to trade profitably. We will be adding more resources and products from different stock market and exchanges to create top class trading environment. Be with us and discover updated techniques of trading to improve your trading experience.

Best Regards,

WesternFX Support Team

2017-05-02
WesternFX has been nominated for the award 'Best Forex Broker in Asia'. The award will be announced at 'China Forex Expo 2017' at Shenzhen in China on 6th May 2017. We thank to our clients and partners to lift us in the race for competition by choosing WesternFX as trading partner for last 5 years. Thanks to the expo organizer to give us chance to compete for the award. It will be an honor for WesternFX on behalf of our clients and will give encourages us to provide prime level service and support to our clients even more transparently.

2017-05-15

Trade with award winning broker WesternFX! If you are looking for trading with an award winning broker that provides top class service and world class customer support then you can think about WesternFX as a trading partner. WesternFX has been recognized as the Best Forex Broker in Asia. Recognition comes on 6th may 2017 at China Forex Expo in Shenzen, China. The expo last for 2 days which was on 6th and 7th May. About 50,000 visitors visit the expo from around the world. WesternFX had huge responses from IBs and clients specially from China, Malaysia, Honkong, Thailand, Singapore etc.

2016-10-24

February’s UK Manufacturing PMI survey headline the economic calendar in European trading hours. A slowdown in the pace of factory-sector growth is expected, with the headline index ticking down to 52.3 from 52.9 in the prior month.

UK news-flow increasingly outperformed relative to consensus forecasts over the past month, suggests analysts are underestimating the economy’s strength and opening the door for an upside surprise. This may encourage covering of net-short British Pound exposure build up in recent months, sending prices higher.

The spotlight then turns to US ISM Manufacturing data, expected to show the pace of contraction accelerated in February (48.5 vs. 48.2 in January). A better-than-expected print in line with recent outperformance on US data may stoke Fed rate hike bets, boosting the US Dollar.

The Australian Dollar erased overnight losses after another neutral RBA monetary policy announcement. While no change in rates was expected, traders were speculating that a recent deterioration in economic metrics would spur a dovish shift in rhetoric, paving the way for easing in the months ahead. Aussie Dollar erases post-China PMI drop on neutral RBA rhetoric

 Governor Glenn Stevens and company opted for the status quo however, judging the current setting policy as appropriate to deliver continued growth with inflation close to target. The door for easing was left open however, with Stevens saying that low inflation offers scope for rate cuts should that be appropriate.

The Aussie was on the defensive ahead of the RBA announcement after a disappointing set of Chinese PMI figures. The data set showed the manufacturing sector contracted at the fastest pace since November 2011 while services growth hit the weakest since the Great Recession trough in 2008.

2016-10-24

The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets. Yet upbeat economic data suggests that the move has been overdone, and it seems fairly clear that broader market turmoil remains the biggest driver of currency moves. A US market holiday on Monday makes continued near-term volatility less likely, but the true fireworks will likely come on Sunday night when Chinese traders return from Lunar New Year holidays.

Sharp declines in China’s stock markets acted as catalyst for the recent stretch of global financial market turmoil. China’s Shanghai/Shenzhen CSI 300 Index has nonetheless been spared from the past week of stock market sell-offs as domestic markets remained closed for New Year celebrations. Big moves out of the world’s second-largest financial market could once again set the pace for the rest of the world, and the key question becomes whether further market turbulence will send the Dollar to fresh lows.

FX traders could continue to sell the US Dollar—particularly against the Japanese Yen—if we see continued sell-offs in the S&P 500 and broader ‘risk’. The S&P itself is on its worst losing streak since the heights of the global financial crisis in 2008/2009. At that time any sell-offs in global markets coincided with US Dollar and Yen appreciation, but more recent stock market tumbles have actually produced Dollar losses.

This isn’t the first time this has happened—we saw much the same dynamic in August of last year as many believed the Euro had suddenly become a safe-haven currency. And indeed the US Dollar will likely remain correlated to moves in ‘risk’ for the foreseeable future. Yet traditional fundamental drivers of currency moves suggest that the USD could stage a comeback once one-sided speculative positions are fully unwound.

Any surprises out of upcoming US CPI inflation figures or the release of minutes from the US Federal Reserve’s January policy meeting could thus force important swings in US Dollar pairs. The Fed famously ended its zero interest rate policy at its December meeting and decided to keep rates on hold when it met through late January. In keeping rates unchanged, the FOMC statement showed officials feared sudden financial market turmoil could hurt growth prospects. Fed Chair Yellen spoke to such fears in her testimony to the US Legislature. Yet it will be important to see the extent to which the broader Federal Open Market Committee fears such risks. Any especially dovish commentary could force further US Dollar losses.

Volatility risks remain high on what promises to be another big week for the Dollar and broader markets. Whether or not the Greenback finally stages a recovery may ultimately depend on price action out of China and late-week Fed commentary.

2017-01-11

Dear Clients

We are glad to inform you that UKOil and USOil has been opened for trading. It will be available for trading excluding break time. We will be adding more instruments which are under process. Be with us to enjoy trading with latest technology and market update available 24 hours a day. Have a great trading!

Best Regards

WesternFX Support Team

2017-02-02

.

2016-10-25

.

2017-01-10

Dear clients,

We are glad to inform you that we have done final up-gradation of our website and released the brand new website! You can access more trading materials through our website now. There are lots of live markets update like – Fundamental news analysis, Chart analysis, Video analysis, Market summary and Trading Calculators which will help you to trade profitably. We will be adding more resources and products from different stock market and exchanges to create top class trading environment. Be with us and discover updated techniques of trading to improve your trading experience.

Best Regards,

WesternFX Support Team

2017-05-02
WesternFX has been nominated for the award 'Best Forex Broker in Asia'. The award will be announced at 'China Forex Expo 2017' at Shenzhen in China on 6th May 2017. We thank to our clients and partners to lift us in the race for competition by choosing WesternFX as trading partner for last 5 years. Thanks to the expo organizer to give us chance to compete for the award. It will be an honor for WesternFX on behalf of our clients and will give encourages us to provide prime level service and support to our clients even more transparently.

2017-05-15

Trade with award winning broker WesternFX! If you are looking for trading with an award winning broker that provides top class service and world class customer support then you can think about WesternFX as a trading partner. WesternFX has been recognized as the Best Forex Broker in Asia. Recognition comes on 6th may 2017 at China Forex Expo in Shenzen, China. The expo last for 2 days which was on 6th and 7th May. About 50,000 visitors visit the expo from around the world. WesternFX had huge responses from IBs and clients specially from China, Malaysia, Honkong, Thailand, Singapore etc.

2017

2016-10-24

February’s UK Manufacturing PMI survey headline the economic calendar in European trading hours. A slowdown in the pace of factory-sector growth is expected, with the headline index ticking down to 52.3 from 52.9 in the prior month.

UK news-flow increasingly outperformed relative to consensus forecasts over the past month, suggests analysts are underestimating the economy’s strength and opening the door for an upside surprise. This may encourage covering of net-short British Pound exposure build up in recent months, sending prices higher.

The spotlight then turns to US ISM Manufacturing data, expected to show the pace of contraction accelerated in February (48.5 vs. 48.2 in January). A better-than-expected print in line with recent outperformance on US data may stoke Fed rate hike bets, boosting the US Dollar.

The Australian Dollar erased overnight losses after another neutral RBA monetary policy announcement. While no change in rates was expected, traders were speculating that a recent deterioration in economic metrics would spur a dovish shift in rhetoric, paving the way for easing in the months ahead. Aussie Dollar erases post-China PMI drop on neutral RBA rhetoric

 Governor Glenn Stevens and company opted for the status quo however, judging the current setting policy as appropriate to deliver continued growth with inflation close to target. The door for easing was left open however, with Stevens saying that low inflation offers scope for rate cuts should that be appropriate.

The Aussie was on the defensive ahead of the RBA announcement after a disappointing set of Chinese PMI figures. The data set showed the manufacturing sector contracted at the fastest pace since November 2011 while services growth hit the weakest since the Great Recession trough in 2008.

2016-10-24

The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets. Yet upbeat economic data suggests that the move has been overdone, and it seems fairly clear that broader market turmoil remains the biggest driver of currency moves. A US market holiday on Monday makes continued near-term volatility less likely, but the true fireworks will likely come on Sunday night when Chinese traders return from Lunar New Year holidays.

Sharp declines in China’s stock markets acted as catalyst for the recent stretch of global financial market turmoil. China’s Shanghai/Shenzhen CSI 300 Index has nonetheless been spared from the past week of stock market sell-offs as domestic markets remained closed for New Year celebrations. Big moves out of the world’s second-largest financial market could once again set the pace for the rest of the world, and the key question becomes whether further market turbulence will send the Dollar to fresh lows.

FX traders could continue to sell the US Dollar—particularly against the Japanese Yen—if we see continued sell-offs in the S&P 500 and broader ‘risk’. The S&P itself is on its worst losing streak since the heights of the global financial crisis in 2008/2009. At that time any sell-offs in global markets coincided with US Dollar and Yen appreciation, but more recent stock market tumbles have actually produced Dollar losses.

This isn’t the first time this has happened—we saw much the same dynamic in August of last year as many believed the Euro had suddenly become a safe-haven currency. And indeed the US Dollar will likely remain correlated to moves in ‘risk’ for the foreseeable future. Yet traditional fundamental drivers of currency moves suggest that the USD could stage a comeback once one-sided speculative positions are fully unwound.

Any surprises out of upcoming US CPI inflation figures or the release of minutes from the US Federal Reserve’s January policy meeting could thus force important swings in US Dollar pairs. The Fed famously ended its zero interest rate policy at its December meeting and decided to keep rates on hold when it met through late January. In keeping rates unchanged, the FOMC statement showed officials feared sudden financial market turmoil could hurt growth prospects. Fed Chair Yellen spoke to such fears in her testimony to the US Legislature. Yet it will be important to see the extent to which the broader Federal Open Market Committee fears such risks. Any especially dovish commentary could force further US Dollar losses.

Volatility risks remain high on what promises to be another big week for the Dollar and broader markets. Whether or not the Greenback finally stages a recovery may ultimately depend on price action out of China and late-week Fed commentary.

2017-01-11

Dear Clients

We are glad to inform you that UKOil and USOil has been opened for trading. It will be available for trading excluding break time. We will be adding more instruments which are under process. Be with us to enjoy trading with latest technology and market update available 24 hours a day. Have a great trading!

Best Regards

WesternFX Support Team

2017-02-02

.

2016-10-25

.

2017-01-10

Dear clients,

We are glad to inform you that we have done final up-gradation of our website and released the brand new website! You can access more trading materials through our website now. There are lots of live markets update like – Fundamental news analysis, Chart analysis, Video analysis, Market summary and Trading Calculators which will help you to trade profitably. We will be adding more resources and products from different stock market and exchanges to create top class trading environment. Be with us and discover updated techniques of trading to improve your trading experience.

Best Regards,

WesternFX Support Team

2017-05-02
WesternFX has been nominated for the award 'Best Forex Broker in Asia'. The award will be announced at 'China Forex Expo 2017' at Shenzhen in China on 6th May 2017. We thank to our clients and partners to lift us in the race for competition by choosing WesternFX as trading partner for last 5 years. Thanks to the expo organizer to give us chance to compete for the award. It will be an honor for WesternFX on behalf of our clients and will give encourages us to provide prime level service and support to our clients even more transparently.

2017-05-15

Trade with award winning broker WesternFX! If you are looking for trading with an award winning broker that provides top class service and world class customer support then you can think about WesternFX as a trading partner. WesternFX has been recognized as the Best Forex Broker in Asia. Recognition comes on 6th may 2017 at China Forex Expo in Shenzen, China. The expo last for 2 days which was on 6th and 7th May. About 50,000 visitors visit the expo from around the world. WesternFX had huge responses from IBs and clients specially from China, Malaysia, Honkong, Thailand, Singapore etc.