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Hi Social Traders,
Happy New Year to everyone! In December, the EURO dropped to a 5 year low against the USD thanks to the help from the European Central Bank announcing it has extended its quantitative-easing programme beyond its horizon of March 2017 and the anticipated the US Federal Reserve Bank interest rate hike. The US equity markets rallied in December as what media is calling the "Trump Bump" with the Dow Jones Industrial Average achieving a 12 month high almost reaching 20,000. Many traders feel that it will be a trader's year in 2017 as monetary policy and the upcoming European elections will be the main drivers for market volatility.
December Forex Industry News
FX Junction membership and linked accounts reached an all-time high in December with 23,206 members and 9,226 linked accounts. As 2016 came to a close, FX Junction new membership boasted a 28% increase over 2015. In addition, FX Junction trading volume ended the year on a strong note reaching over 300,000 trades for the third time in 2016. In December, members with live linked accounts on FX Junction continued to show strong profitability by posting a 60% profitablitity ratio, which is the percentage of linked live accounts on FX Junction which were net profitable for the month.
What’s new on FX Junction?
FX Junction has plenty in store for 2017. The upcoming new features are currently in the development process in order to enhance your experience on FX Junction. These exciting new features will include:
We hope you will enjoy!
FX Junction Community Metrics
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