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LMFX Broker
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Make the trade!
Make the trade!

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Predict it, win it.
Sterling vs. Greenback this week on LMFX Crystal Ball contest.
Join now: https://goo.gl/6VZF76
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Oil prices soaring

Canada's oil production was affected by huge uncontrolled wildfire in the Alberta province. In the meantime, escalated fights in Libya endangered the nation's output.
The WTI futures climbed 2.06% to $44.68 per barrel, Brent futures gained 1.59% to $45.33 per barrel.
US oil production continues its fall, the latest data show decline of 4.4% since January.
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Euro recovering after post-ECB losses.

The ECB meeting sent the common European currency down. After the volatile overnight session, euro bounced back, gaining 0.1% to $1.1301.
The ECB didn't announce any immediate plans to stimulate the markets. As widely expected, the monetary policy was kept stable. Interest rates should stay at current low levels for a long time, said Mario Draghi. ‪#‎Euro‬ ‪#‎ECB‬
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Euro moves lower
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On Tuesday, Janet Yellen said that FED will be raising interest rates cautiously. Her comments are still influencing the markets, keeping the demand for USD lower. The global growth and risks were mentioned as important factors to consider too.
The euro was seen at $1.1315 in the European session on Thursday, easing off after its one-month high. ‪#‎EURUSD‬ ‪#‎Forex‬ ‪#‎FED‬ ‪#‎Euro‬
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`Brexit' debate is No. 1 euro threat for top currency forecaster

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Dollar edges up; US data could have an impact this week ‪#‎USD‬ ‪#‎USDJPY‬ ‪#‎EURUSD‬ ‪#‎FED‬ ‪#‎forex‬

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Gold futures heading south after rally

Spot gold fell 0.3% to $1,258.25 an ounce, US gold slid 2.45% to $1,295.5 an ounce on Thursday morning.
"The market jumped after the FED meeting but there are a lot of people on the long side, so some sort of profit-taking is happening today. We will see how the market reacts in the overnight session. The upside seems to be capped at $1,280 and downside limited at $1,225" commented Ronald Leung, chief dealer of the Lee Cheong Gold Dealers in Hong Kong.
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Have you joined the Crystal Ball Contest yet? This week's pair: EURUSD.
Predict the pair's closing price by Monday 12:00pm and get a chance to win $1000 every week.
Visit https://goo.gl/2rMJJN to sign up and join! ‪#‎forex‬ ‪#‎forextrading‬ ‪#‎contest‬
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Mark your calendars! Daylight Savings Time for the USA & Canada begins this Sunday, March 13. As a result, there will be some changes to trading times. www.lmfx.com ‪#‎DST‬ ‪#‎Forex‬ ‪#‎DaylightSavings‬
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Keep up with all important economic events with LMFX's Economic Calendar, updated in real time. ‪#‎LMFX‬ ‪#‎forex‬ ‪#‎fxtrading‬
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