FXTM Rounds Off another UK Media Tour

29 July, 2016

FXTM Rounds Off another UK Media Tour

Our VP of Corporate Development and Market Research, Jameel Ahmad, visited FXTM’s recently-opened UK office while concluding another successful media tour in the UK. The chief expert conducted 4 one-on-one interviews with industry-leading outlets including major news agency companies Agence France-Presse (AFP) and Bloomberg News, online FX magazine Profit & Loss and Share Radio, a prominent finance radio station. 

With the recent Brexit vote still very much a hot topic, Jameel shared his analysis on how the UK markets were affected and what kind of consequences are expected to still occur.

Other topics surrounding Brexit included:

  • How Brexit has further weakened the outlook for the impact on oil and the carry-trade selling opportunity hardly anyone spotted.
  • Why Brexit should cause a lot of distress to the Bank of Japan
  • How the emerging markets will benefit from Brexit
  • Why UK’s decision will surely push back US interest rate expectations, putting the Dollar at severe risk.

Though it dominated conversations, Brexit was not, however, the only topic of discussion. Jameel also took the time to discuss the importance of trading education, expanding on FXTM’s devotion in this area, discussing the various seminars we hold and why it’s such an important aspect for today’s traders.

The media tour also served to promote FXTM’s values and to showcase Jameel’s expertise in the areas of market analysis during the sensitive post-Brexit aftermath.

To listen to the Share Radio interview, please click here.

Here are some of Jameel’s quotes from his TV interview with AFP:

On the price drop for oil after Brexit:

"If there's concerns over the global economy, if there's concerns in general in terms of economic uncertainty there is likely to be a knock-on effect on commodities, and it's no surprise to me that oil dropped from $50 to $46 just in the hours where the vote was being announced."

What Brexit means for the Federal Reserve:

"There's going to be quite severe ramifications on the Federal Reserve. They're going to probably need to push back their expectations for raising rates. Some even think they might need to cut it. And I think there definitely is an opportunity somewhere down the line to see further volatility for the dollar and I think the Federal Reserve will have to backtrack on their interest rate expectations."

What are UK’s options now?

"Maybe the UK will now need to define stronger trading terms with non-EU countries. Personally I think this is a risk when the emerging markets are entering a period of weaker economic growth, downsides on the price of oil, capital outflows due to the US dollar interest rate expectations. Yes, the UK is going to need to look to diversify ties outside the non-EU."

To keep up with the latest Analysis, be sure to visit and bookmark our Daily Market Analysis page.


Source link  
FXTM Introduces Pivot Points Strategy

FXTM is committed to providing innovative tools aimed at improving traders experience in the markets, and we are thrilled to introduce FXTM Pivot...

New Ebook: Bullish Japanese Candlesticks

Having established its reputation as one of the world's leading FX educators, FXTM is delighted to announce the release of its new Ebook...

New title at Global Investor MENA Awards

FXTM has added a new trophy to its 2017 mantelpiece. We were named Forex Broker of the Year’ at the Global Investor MENA Awards 2017...


NganLuong Now Available with FXTM

FXTM is excited to announce that following the success of Baokim with our Vietnamese traders, NganLuong has just been added to our list of payment...

FXTM Indonesian Media Tour

FXTM Research Analyst Lukman Otunuga met with Tier 1 local and regional media in Jakarta, Indonesia for an in-depth series of interviews...

Successful New Media Tour in Malaysia

FXTM continues its successful run of media tours with a brand new series of interviews in Malaysia. On October 31 andNovember 1, FXTM Global Head...


Hussein Sayed Chairs Investment Summit

Underscoring FXTM's growing status as an industry leader, Chief Market Strategist Hussein Sayed was recently invited to chair the Middle East...

FXTM makes debut in Taiwan

FXTM is committed to educating traders across the world, and recently had the opportunity to visit Taiwan for the very first time. FXTM collaborated...

FXTM Partners come together in grand gala

FXTM Partners recently hosted a gala dinner to celebrate their growing associates in the region. Team members and guests gathered for an unforgettable...

  


Share: