The obvious pivot point on this chart is the 100% weekly Fibonacci retracement area, i.e. complete retracement of all the euro’s gains in March 2020. A clear breakout below $1.655 might trigger another leg down over the next few weeks. On the other hand, with price having been generally oversold or close to it for…
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Hisham Mansour and Eduardo Fakhoury, the founders and managing directors at CFI Financial Group, said: The partnership with Georges and CFI is an ideal move that will not only spread the CFI name further but also introduce different concepts to the masses including the importance of investing, financial literacy and risk management. Mr. Georges’ appeal…
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Rees added: I look forward to working alongside our talented global team, continuing to add value to our existing customers, as well as expanding our footprint across our growing market. The new capabilities that we are releasing this year represent a revolution in the way that firms can work with macroeconomic data and I am…
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Richard Bartlett commented on joining the team at FXCubic: The decision to join FXCubic was a natural one. After fully understanding the scope and strength of their technology offering, it was quickly apparent why the firm is gaining market share rapidly. They have built smart technology that includes innovative tools that are easy to understand…
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There are several services that are designed to optimize brokerages’ internal processes. For example, Brokeree team will conduct a weekly audit MetaTrader server logs to identify potential issues and consult brokers on prevention practices. Brokeree specialists will also archive transaction history for a specified period to ensure that brokers save all the important information while…
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Nauman Anees, CEO of ThinkMarkets, said: Tokyo is one of the world’s largest foreign exchange trading hubs, so the expansion of our brokerage services offering with the addition of FX in Japan is an exciting milestone for us as we continue our global expansion. Since acquiring mobile app provider Trade Interceptor back in 2017, ThinkMarkets…
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GOLD The resurgence of inflation expectations, a rally in treasury yields and the possibility of seeing a stronger dollar in the next few months all hit the gold price in the last few trading sessions. In early Monday trading, we are seeing a different movie, as bullion is trying to rebound from the fresh 7-month-low achieved…
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Before LMAX, Larsen worked at Sociate Generale for nine years. He joined the bank in 2009 as Director of Foreign Exchange Trader. Prior to this appointment, the was Vice President at Dresdner Kleinwort, the investment banking unit of German bank Dresdner. There he was responsible for market-making with G10 currencies. He also spent five years…
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Transparency is also a key element of copy trading. Traders who allow others to copy their deals provide detailed statistics on their performance. InstaForex has compiled a list of Top 5 copy traders who are selected based on several criteria including account profitability and aggressiveness of strategy. Copy-trading may ease things for new traders and…
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Frank Walbaum, Technical Analyst at BDSwiss commented: The ability to identify, plot and interpret market trends automatically can be invaluable in fast-moving markets. The BDSwiss Trends Analysis tool helps traders to not only spot evolving chart patterns which they otherwise might miss but to also capitalise on them. Harnessing artificial intelligence, sophisticated data analytics, technical…
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