• EUR/USD Testing Resistance; DXY Rebounding from Channel Support

    EUR/USD Testing Resistance; DXY Rebounding from Channel Support

    • January 16, 2023

    Charts: TradingView It was a quiet session for the financial markets on Monday with price action range bound as US banks remained closed in observance of Martin Luther King Jr. Day. Given the lacklustre performance, here is a brief reminder of the technical position of the EUR/USD and the US Dollar Index. US Dollar Index

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  • Weekly Market Outlook and Review—Week Ending 20 January

    Weekly Market Outlook and Review—Week Ending 20 January

    • January 14, 2023

    In his first public appearance of 2023, US Federal Reserve Chair Jerome Powell participated in a panel discussion (Central bank independence and the mandate – evolving views) on Tuesday and reiterated the central bank’s commitment to contain inflation. Powell added that ‘restoring price stability when inflation is high can require measures that are not popular

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  • The Pattern Pulse

    The Pattern Pulse

    • January 12, 2023

    Your weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Anyone for a Death Cross? Daily Timeframe – The US Dollar Index recently chalked up what’s referred to as a Death Cross in technical circles. The 50-day simple moving average (105.69

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  • Attention Shifts to US Employment as the Dollar Climbs North

    • January 5, 2023

    Yesterday witnessed US ADP non-farm employment change and initial jobless claims pencil in better-than-expected data. According to the ADP National Employment report, private US employment jumped by 235,000 jobs in December, building on November’s upwardly revised 182,000 print. In terms of the US initial jobless filings, for the week ending 31 December, initial unemployment claims

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  • A Complete Beginners Guide to Reading Candlestick Charts

    A Complete Beginners Guide to Reading Candlestick Charts

    • December 23, 2022

    Reading time: 10 Minutes History Candlestick charts are claimed to have been created in the 18th century by Japanese rice trader Munehisa Homma. In 1991, Japanese Candle Charting Techniques, written by Steve Nison (Amazon.com), served as an introduction to the west. This book includes a wealth of information you can use as a resource for

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  • Here’s Everything You Need To Know About CFD Trading Tax Implications

    Here’s Everything You Need To Know About CFD Trading Tax Implications

    • December 23, 2022

    Reading time: 7 minutes One of the main benefactors of a successful trading career is the favourable tax regulations shaped around the financial markets. Before opening a trading account though, traders need to be aware that rules, regulations and tax scenarios vary across borders and jurisdictions. Similarly, traders and retail investors need to know how

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  • Most Common MetaTrader 5 Scams and How to Avoid Them

    Most Common MetaTrader 5 Scams and How to Avoid Them

    • December 23, 2022

    Reading time: 7 minutes Online scamming is nothing new. Crime is an unfortunate by-product of any industry, and unfortunately for online traders, the forex market is no different – perhaps made worse by the growth and ease of digital scams aimed at forex trading. MetaTrader 5, commonly known as the abbreviated MT5, is one of

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  • On Metals Trading: Ways to Buy Silver

    On Metals Trading: Ways to Buy Silver

    • December 23, 2022

    Reading time: 7 minutes When markets take a downturn, when economic stability is met with uncertainty and when investors look for so-called ‘safe havens’ to protect their capital, it’s the metal’s market that tends to gain traction. Gold and silver are the dominant choices, due to their global popularity and the idea that precious metals

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  • Leading Forex and CFDs Broker FP Markets Increases its Forex Offering in Africa, LATAM & Asia

    Leading Forex and CFDs Broker FP Markets Increases its Forex Offering in Africa, LATAM & Asia

    • December 1, 2022

    New Exotic Currency Pairs are now available through the FP Markets’ MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. 2022 witnessed trading in the foreign exchange market record an eye-popping US$7.5 trillion per day, up from US$6.6 trillion three years earlier. In response, FP Markets – a global leader in the Forex and CFDs business

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  • FP Markets Launches the Upgraded and Redesigned Introducing Broker (IB) Portal

    FP Markets Launches the Upgraded and Redesigned Introducing Broker (IB) Portal

    • November 15, 2022

    FP Markets has redesigned its IB portal with business intelligence in mind, to help maximise transparency and ensure partnership success. The FP Markets IB program is one of the leading partners programs in the FX industry and is designed to remunerate and reward introducers and partners that refer clients to FP Markets.  With the new

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  • US Inflation (CPI) Technical Preview

    US Inflation (CPI) Technical Preview

    • November 10, 2022

    Charts: TradingView 1:30 pm GMT will see the latest US inflation data, the highlight macroeconomic point for the week. Current market consensus, on a month-over-month basis, calls for a 0.6% increase in the consumer prices index (CPI) and a 0.5% increase in the monthly core reading. The year-over-year CPI print for October is poised to

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  • Central Banks Were Front and Centre in Early November

    Central Banks Were Front and Centre in Early November

    • November 7, 2022

    The first four days of November witnessed an energetic start, welcoming a series of rate increases as major central banks continue to wrestle with elevated inflation rates. European Central Bank The final week in October watched the European Central Bank (ECB) raise the Main Refinancing Rate by 75 basis points to 2.00%, its second successive

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