Technical View: Markets to Watch for the Week Ahead Currencies: US Dollar Eyeing the 101.92 Low With Friday’s one-sided decline, it was a disappointing week for the Dollar Index, down -0.6%. Trend studies on the monthly timeframe show price action has been northbound since bottoming in 2008 at 70.70. Q4 (2022), as you can see,…
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On 2,011 instances, this Openmarkets client executed bid-and-ask orders simultaneously for the same security at the same price. The ASIC stated that the broker should possess a suitable system to detect the possibility of these orders being placed with the intention of manipulating trading prices or creating a deceptive impression of active trading. Curiously, the…
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Joe Li, Chairman of ATFX, commented: We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that…
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In his new role, Tyce will be based in London and report to Rig Karkhanis, Head of Global Markets, and Jonathan Lewis, Head of EMEA and NEHS CEO. As Head of Global Markets, he will oversee the company’s Global Markets activities in and into the region. He will also work closely with the global product…
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Higher Timeframe Technical View The technical position for GBP/USD reveals price fading long-term resistance on the weekly scale at $1.2767, boasting historical significance as far back as 2016. Consequently, GBP selling should not surprise. Support on the weekly scale is relatively nearby, nevertheless, in the shape of a trendline resistance-turned-support taken from the high of…
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H1 Timeframe Working with ¥144 and ¥143 Finally, from the H1 timeframe, we can see that price recently recoiled from ¥143 and is on the verge of approaching resistance from ¥143.90 and the ¥144 psychological handle. While follow-through upside could be seen, as suggested by the higher timeframes (through a lack of resistance), which may…
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HKEX Chief Executive Officer, Nicolas Aguzin, said: This new office will better connect two of the most important financial centres in the world, and, together with our recently announced London office, will further connect international capital with the exciting opportunities in Asia. This is part of HKEX’s ongoing commitment to further broaden international participation in…
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Across the page on the daily timeframe, support at $1,919 appears to be hanging by a thread. This level is key. Clearance of this base would technically hand the baton to sellers to run for support from $1,866, which shares chart space with the 200-day simple moving average (red – $1,850). Technicians will also note…
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On the daily timeframe, however, support is not visible until $1.2665, indicating that further downside could be seen for the pair. In terms of resistances, $1.3001 calls for attention on the daily timeframe, followed by weekly resistance at $1.3134. From the H1 chart, the US cash open welcomed an AB=CD harmonic support level at $1.2722…
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Prior to his new position as Head of Liquidity Asia, Lim has supervised the implementation of SG1 eFX to provide Asian clients with optimised pricing and enhanced liquidity. This expansion is similar to Finalto’s recent expansion into New York and Singaporean data centres. Kenneth Lim commented: I am absolutely thrilled to be embarking on this…
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