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Hi Social Traders,
June was full of trading excitement due to all the political news releases. It started with the UK general election on June 8th where Conversative Party leader, Theresa May, suprising lost to Labor Party leader, Jeremy Corbyn, causing Euro to strengthen against the British Pound. Next, after French President, Emanual Macron, sweeped the two rounds of the Presidental elections in April/May, the two rounds of the French Parliament elections held in June demonstrated the same momentum with the parties supporting Macron won a overwhelming majority of 350 seats in the 577 strong French Parliament. The expected election results helped support the drop in European stocks and Euro moving higher in June. In the US, all eyes were on the expectations of the Federal Reserve of raising rates, which came true as the Fed raised rates by 25 bps on June 14th and Yellen stated that the US economic recovery continues to be on track. Finally, the UK and EU officially began Brexit negotiations on June 19th, so we'll see what happens during the course of this year.
June Forex Industry News
FX Junction membership achieved 18 consective months of new member growth as total membership reached 24,183. FX Junction members linking their brokerage accounts to their trading profiles have decreased to 9,196 accounts due to our removal of linked accounts from unregulated brokers. Trader Profitability rebounded back above the 50% level to 53.46% after a decline in April and May.
What’s new on FX Junction?
In June, the FX Junction engineers having been focusing on the development and testing of our soon to be released hosted MT4/MT5 account solution which will be a premium service offered to members to keep their trading platforms online and eliminate the need to install the FX Junction Bridge EA or a VPS. Once the hosted solution is in production, the engineers will begin development on new features below:
We hope you will enjoy!
FX Junction Community Metrics
Refer New Members to FX Junction and earn more! It’s more fun to trade together!