First Light News: 1 December 2023
- Market News, Recent Posts, Trending Now
- December 1, 2023
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, buyers and sellers have since been squaring off around the upper section of supply from 1.1857/1.1352. Technically, although this argues additional upside may be on the
READ MOREReading time: 8 minutes ‘Charts really are the ‘footprint of money’ ― Fred McAllen, Charting and Technical Analysis Interpreting price movement isn’t a new phenomenon. The centuries spent deciphering charts has led us to where we are today: a financial world essentially split between two core methods of analysis: technical analysis and fundamental analysis. Although
READ MOREReading time: 7 minutes Irrespective of your trading experience, or whether you trade a demo account or a live account, it’s likely you’ve come across the phrase ‘Multi-Account Manager for MetaTrader 4’, or simply ‘MAM for MT4’. It will come as no surprise, many traders, even some experienced professional traders and money managers, are unsure
READ MOREAmericans are about to go to the polls and there is no better way to prepare for Election Day than our dedicated webinar ‘Election Day Trading Plan’. In the latest episode of our US Elections Webinar Series, FP Markets analyst Evan Lucas will provide in-depth analysis on the following: Risks to markets on the day Potential market reactions
READ MOREECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
ECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
Updated: 15th December 2021 Reading time: 7 minutes Indexes, or indices, are a representation of the value of a subset of a market, whether that subset is small or almost the entire market. While stock indexes are the central focus here, it’s important to recognise different indexes exist in other financial markets and function
READ MOREReading time: 6 minutes Supporting more than 100 brokers, Myfxbook delivers a professional online automated analytical tool for Forex traders. Recently celebrating 10 years of service, the software is now considered a household name in retail foreign exchange trading (Forex trading). Among other features, Myfxbook can be used to do the following: Improve
READ MOREFP Markets is pleased to announce that it is expanding its product offering. Recently awarded as the ‘Best Value Global Forex Broker’ for a second consecutive year, the company continues to set the benchmark in CFDs and Forex and is pleased to announce it has added the following products to its offering: Volatility Index
READ MOREECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
Reading time: 8 minutes Foreign exchange, undeniably, is a key financial market. And rightly so – the Forex market’s gargantuan presence dwarfs other markets. According to the BIS Triennial Central Bank Survey, the average daily turnover in FX reached $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier. Political Influence
READ MOREAmericans are about to vote for their next president with election day, Tuesday November 3, fast approaching. In a historic race for the White House, incumbent President Donald Trump, who represents the Republican party, goes head-to-head with Democratic nominee Joe Biden, the 47th vice president of the United States from 2009 to 2017. How popular
READ MORE