BTFT Markets Limited

11/04/2022

Economic calendar for dates 11- 15 April 2022. Have a wonderful trading week!

Disclaimer: Trading leveraged products is risky.

28/03/2022

Economic calendar for dates 28 March 2022- 01 April 2022. Have a wonderful trading week!

Disclaimer: Trading leveraged products is risky.

11/03/2022

Dear Clients,

Please be informed about server time change due to DST (Daylight Saving Time) changes in the USA. This means that you will see a difference in the opening and closing times of selected trading instruments, this however does not have an impact on the trading conditions. See attached for more information.

Happy trading!

04/03/2022

The first Friday of the month is the time for the closely watched US non-farm payrolls jobs report and the March update comes at a time of rampant US inflation, a trend likely to be made worse by the situation in Ukraine as oil prices climb.

The US Fed meets on 16 March to decide whether to hike US interest rates and whether these numbers for February will have an impact on its thinking is debatable.

The last two sets were stronger than expected with December’s number revised up to 510,000 from 199,000 and January seeing a better than predicted 467,000 new job additions.

Importantly, the average hourly US wage reached $31.63, up 5.7% year-on-year.

The consensus forecast has wavered either side of 400,000 jobs to have been added last month, though more conservative forecasts are around the 350,000 mark.

If the forecast is correct this would be below the recent pace of growth, but still a healthy increase, which, said market analyst Marshall Gittler at BDSwiss, "would give the Fed no reason to doubt that the US is at 'maximum employment'.

“Indeed the slight drop in the number of new jobs might be interpreted as meaning that there are fewer and fewer people left who want to work but can’t find a job," Gittler said, adding that this meant the labour force participation rate (62.2% last time) would be important to keep an eye on too.

“Growth in average hourly earnings is expected to rise further to 5.8% year-on-year from 5.7%, fuelling fears of a wage/price spiral."

He said this was yet another reason for the Federal Reserve to continue with its stated plan to tighten up monetary policy and raise interest rates.

Furthermore, a very strong number could, some say, even trigger the Fed to raise interest rates faster than the expected 25 basis points (bps).

"While several Fed officials have pushed back on this narrative another strong payroll and wages number this week does have the potential to put further pressure on the Fed to go for a 50bps move when they meet later in March," said Michael Hewson at CMC Markets.

Major announcements expected today.

21/02/2022

CPA (or Cost Per Acquisition) is the fee you receive when the trader you referred opens a trading account with the online broker,deposits funds into his trading account, and starts trading. You gain 5% of deposits made by your referrals.

To ensure that the lead is a qualifying lead, there is a strict criteria in place. To get more information or to sign up for this deal, please email us at [email protected]

01/02/2022

Tuesday 1 February marks the Lunar New Year for 2022 - celebrated in China, East Asia and across the world.

The celebrations see people feast with relatives, watch parades and pray for good fortune in the year ahead.

What happens in the festival?

-Celebrations begin with the rising of the second new moon after the winter solstice (21 December).
This can occur on any date between 21 January and 20 February.

Also known as the Spring Festival, New Year festivities usher out the old year and are meant to bring luck and prosperity in the new one.
There are family banquets and outdoor spectacles featuring firecrackers, fireworks and often dancing dragons. The major celebrations are held on New Year's Eve and New Year's Day.

In China, millions travel - sometimes thousands of miles - to celebrate with their families.

People decorate their houses with red for good luck and children are given money in bright red envelopes.
Celebrations last for two weeks, ending on 15 February this year with the lantern festival, which marks the full moon.
Since the 1990s, people in China have been given a week off work for New Year. According to China's Ministry of Commerce, people nowadays spend more than 820bn yuan (£96bn) on shopping and dining during this period.

19/01/2022

18/01/2022

Forex is traded in lots. A standard lot is equivalent to 100,000 units of the base currency. This is $100,000 if you were trading in US dollars. A mini lot has 10,000 and a micro lot has 1,000 units.

13/01/2022

"The goal of a successful trader is to make the best trades. Money is secondary."

-Alexander Elder.

10/01/2022

In technical analysis, a situation where price and momentum move in opposite directions, such as prices rising while momentum is falling.

Divergence is considered either positive (bullish) or negative (bearish); both kinds of divergence signal major shifts in price direction. Positive/bullish divergence occurs when the price of a security makes a new low while the momentum indicator starts to climb upward.

Negative/bearish divergence happens when the price of the security makes a new high, but the indicator fails to do the same and instead moves lower.

Divergences frequently occur in extended price moves and frequently resolve with the price reversing direction to follow the momentum indicator.