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Market Trends

Stay abreast of market movements with the latest reports and relevant articles. 

The Dollar is likely to trump under Trumponomics | Phillip Futures Research

US President Donald Trump’s pro US business policies, or Trumponomics, has been a positive catalyst for growth in the US Dollar and the US economy. However, others still view his policies as protectionistic and this has caused some tensions between US and their trading partners, and had previously sparked a sell-off in the USD in 2017.

That being said, we feel that the USD has been showing signs of bottoming in 2018. After declining almost 10% in 2017, the dollar index has started trending higher, despite the recent headwinds.

Planing to trade the USD? Download the MT5 demo account to start

Over the past few weeks, fears of a trade war resulted in markets nosediving. This came after Trump announced that he would be implementing tariffs on steel and aluminium imports.

Nonetheless, this proved to be a knee-jerk reaction as the USD rebounded after President Trump softened his stance, and opened up to private negotiations. In fact, he even waived tariffs for countries such as Australia.

Going forward the USD is poised to see further strength due to 3 factors.

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Is This a Good Time to Invest In Asian Indices?


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In recent years, the baton of growth has been passed on from the Western world to Asia. China’s US$12 trillion economy, which is growing at a healthy 6.9% clip, provides a boost to the entire region.

Several other countries are contributing to the economic expansion in Asia. India, Indonesia, the Philippines, and Vietnam have large numbers of people who are entering the middle class. Consequently, there is a greater demand for goods and services, a factor that leads to increased business activity both locally and in surrounding countries.

How can investors capitalise on this growth? Is there any way to benefit from the increase in revenues and profits that the leading companies in Asia will experience in the coming years?

The simplest and most effective way to do this is by investing in a broad-based stock market index like an Asia stock index.

Interested to invest in indices?
Learn more about index futures trading here and find out how you can get a 35% off trading costs now.

 

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Will Bitcoin replace Gold? Here’s what we think.

Over the last year, there has been a remarkable surge in the price of bitcoin. At the beginning of January 2017, the digital currency was trading at US$998. Thirteen months later, its price had increased by a factor of ten.

In the same period, gold prices have gone up by a comparatively insignificant 18%. Investors across the world are flocking to bitcoin and other digital currencies. Coinbase, a popular digital currency exchange headquartered in San Francisco, has over 13 million users.

Sign up for a seminar here to learn more about gold trading.

Bitcoin is becoming increasingly mainstream in countries like Japan and Korea. In fact, Japan has amended its Payment Service Act to accommodate bitcoin. The digital currency can now be considered an asset as well as a payment method there.

However, Japanese authorities have stopped short of declaring bitcoin to be a legal currency. Korea stands at #3 in terms of bitcoin trading. Only the US and Japan have larger trading volumes.

Many analysts predict that bitcoin prices will continue to rise, with predictions reaching beyond US$300,000.

Does this mean that gold is losing its popularity? Will investors switch over to bitcoin investment in their quest for higher returns?

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Phillip Futures on the growing success of MT5 in Singapore

Since the official launch of the MetaTrader 5 (MT5) trading platform in July 2017, Phillip Futures saw resounding success in the platform’s adoption: Over 350 MT5 accounts were opened – including 270 active accounts – before the end of 2017.

What was the reason behind the platform’s growing traction, particularly among algorithmic traders?

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10 Fun Facts About Bitcoin

Bitcoins have come a long way. In the past, only the tech-savvy saw bitcoin as the 'currency of tomorrow'. Today, bitcoins have become a global phenomenon that is much talked about. If you are just coming on-board the cryptocurrency bandwagon, here are 10 facts you should know about bitcoin to get started.

1) It is a form of cryptographically secured digital currency.
More popularly known as a ‘Cryptocurrency', bitcoin is electronically created and stored, which means it does not exist physically. It is built upon a technology known as the blockchain which is essentially a  decentralised virtual ledger that keeps track of every transaction.

2) The creator still remains a mystery.
In 2008, a programmer (or a group of programmers) under the pseudonym ‘Satoshi Nakamoto’ released a whitepaper that introduced the concept of a digital currency and highlighted the vision of bitcoin, which is to create a peer-to-peer transaction system that eliminates the need to trust a third party to handle transactions.

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The Federal Reserve and Jerome Powell – Phillip Futures Research


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Jerome H. Powell was nominated in late November by President Trump to lead the Federal Reserve.

Current Fed Situation

The Federal Reserve (Fed) Board of Governors supervises and regulates the operations of the Federal Reserve Banks and the U.S. banking system in general. They are also the decision making body for monetary policies. The Fed Board of Governors consists of 7 members, of which at present there are 3 vacant seats due to resignations by members. In November current Fed Chairman Janet Yellen stated that she will step down from Fed after her term ends in February 2018. This would mean that after she steps down, there will be 4 vacant seats in the Fed Board of Governors. Therefore President Trump will be able to nominate 4 candidates of his choice to fill these seats, and revamp the Fed.

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Phillip Futures Research: Global Market Outlook 2018


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Read more for the outlook on the USA, UK, Europe, Japan, China and Singapore's market.

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Phillip Futures Research: Commodities Outlook for 2018

What should we expect from Crude Oil in 2018?

As the markets seek a global drawdown on inventory, oil prices have recovered considerably since 2014. OPEC and its partnering countries have been successful in driving up oil prices through a grand plan that emphasizes on supply reduction.

They have affirmed their commitment on an agreement extension till end 2018 and it has resulted in bolstering oil prices.

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Understanding Swaps And Spreads In Forex Trading

Forex trading offers you a sustainable way of deploying your risk capital, by allowing you to leverage your initial investment capital many times over. It is common for forex brokers to offer their clients the opportunity to enter into trades that have a value of up to 50 times of the margin required.

Understand how leveraged forex trading works. Learn from the experts at Phillip Futures seminars now.

 

Of course, high leverage has a flip side and could be a double-edge sword. Instead of making a large profit, you may make an equally big loss. That is why it is important to use only your risk capital – the amount that you can afford to lose.

Selecting a good broker is also essential. You must make an effort to understand the costs that you are paying. High trading costs can eat into your profits or result in increasing your losses. One area that you must ensure that you familiarise yourself with is that of swaps and spreads.

What do these terms mean and how can they impact your trading profitability?

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Guide to MetaTrader 5: Everything you need to know to start using MT5 now

What Is A Trading Robot?

Automated trading, also referred to as algorithmic trading or trading robots, can take the human component, such as greed and fear, out of the process of executing a trade. By devising a sound strategy and using automated trading effectively, it is possible to follow through your trading system and not miss out on a lucrative opportunity.

How Do I Get A Trading Robot?

With Phillip Future’s MetaTrader 5 platform, you can get your very own customized trading robot, know to the platform as an “Expert Advisor” (EA). An Expert Advisor (EA) is essentially a mechanical trading system that allows you to operate in the financial markets.

What will this EA do? Based upon the instructions that you have given, it will instantaneously perform the required technical analysis of the price data. It will also control your trading activity without the need for you to intervene.

There are 3 ways you can obtain an automatic trading robot:

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