Dollar Index In View Ahead of Data
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- April 20, 2024
Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Long-Term Bearish Pennant Pattern Nearing Breaking Point on AUD/USD Monthly Timeframe – Albeit more of a longer-term structure, price action on the monthly timeframe of AUD/USD has been busy carving out
READ MOREYour weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD bearish Flag at Support Daily Timeframe – From the daily timeframe of EUR/USD, price action has been compressing between two parallel lines to form a potential bearish flag pattern ($1.0448
READ MOREYour weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: GBP/JPY Targeting Ascending Support Daily Timeframe – Following the currency pair rejecting the underside of trendline resistance, taken from the high ¥172.13, we can see that the currency pair is on
READ MOREThe FP Markets research team produce First Light News around the European open, ensuring traders and investors have the news needed to begin their day. Friday’s Highlights Good morning. Friday ended mixed in the US equities space; the Dow and S&P 500 rallied 0.5% and 0.2%, respectively, while the Nasdaq 100 fell 0.6% amidst selling
READ MOREYour weekly review of technical patterns and structure. The research team scans the financial markets, highlighting clear and actionable technical structures. Forex: EUR/USD Testing the Mettle of its 50-Day Simple Moving Average Daily Timeframe – Price action on the EUR/USD’s daily timeframe shows signs of rebounding from its 50-day simple moving average at $1.0703. Buyers
READ MOREThe FP Markets research team produce First Light News around the European open, ensuring traders and investors have the news needed to begin their day. Good morning. Major US equity indices traded lower on Monday. The Dow Jones Industrial Average fell 0.1%, the S&P 500 dropped 0.6% and the Nasdaq 100 fell 0.9%. It was
READ MOREReading Time: 7 Minutes What is the Purpose of a Crypto Blog? A good crypto blog informs investors of important crypto news, including business, markets, analysis (this can include technical analysis), and education. There is no such thing as the “best crypto blog to follow.” It’s subjective. It depends on what you want from a
READ MOREIt is all about the central banks this week; the blockbuster week welcomes the US Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BoE), all of which are anticipated to increase rates. The Fed steals the spotlight on Wednesday with markets more or less pricing in a 25 basis-point hike,
READ MOREReading time: 8 minutes The last few years have been a bit of a whirlwind for the forex trading community. Unprecedented global events, political uncertainty and a boom in tech innovation have resulted in a unique time for the industry. Covid-19 welcomed a new wave of traders as global lockdowns sparked a new era of
READ MOREReading time: 7 minutes For global forex brokers, Metaquotes remains the main provider of trading software available across computers and mobiles, opening the forex and crypto market for home-grown traders and professionals alike. Standing as the benchmark for efficiency, accessibility and flexibility, both Metatrader 4 (MT4) and Metatrader 5 (MT5) have superseded platform rivals since
READ MOREReading time: 7 minutes The crypto boom took the whole world by storm. The concept of digital currencies and the idea of the ‘blockchain’ grew alongside understandable criticism, stigmatised by traditional investors and brick-and-mortar financial institutions as just another short-lasting fad. Years on, digital currency has become a lasting part of the global financial woodwork,
READ MOREReading time: 8 minutes Graphs and charts have become the focal point of the modern trading community. Easy-to-use trading interfaces and heightened accessibility have bred a new era of traders glued to mobile charts from the stock market to the world of forex. We’ve all heard the saying ‘buy low, sell high’, but this is
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