Tag: forex

December 12, 2023 BY Elizabeth Anderson

FP Markets set to sponsor Cricket Brasil Youth Development Programme

In a press release, ICC Americas (an international cricket administrative body spanning across the Americas) addressed the positive impact of this new sponsorship on community engagement, ethical business practice and social initiatives. ICC Americas noted how FP Markets’ donation and support of youth development will empower young children and adolescents through education and physical activity.…

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December 08, 2023 BY Elizabeth Anderson

Robinhood launches crypto trading app in the EU

Robinhood’s General Manager, Johann Kerbrat, said that the EU was selected as its “anchor” region for international expansion due to its highly developed crypto laws and regulations – this includes the comprehensive Markets in Crypto-Assets (MiCA) Act. Robinhood believes adhering to these stringent regulations will make its product more appealing to a European audience. Don’t…

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November 10, 2023 BY Elizabeth Anderson

ThinkMarkets Launches New Mini Account Featuring Dynamic Leverage up to 2000:1

The Mini Account effectively lowers the barriers of entry for new traders with a minimum deposit requirement of just $10 and offers a comprehensive trading environment encompassing 50 of the most popular financial instruments across FX, indices, precious metals, energies & cryptocurrencies. Accommodating the needs of its diverse clientele, ThinkMarkets has optimised the Mini Account…

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July 25, 2023 BY Steffy Bogdanova

Weekly data: traders concentrate on the Fed and ECB

The focus for the Fed’s press conference on Wednesday night is on whether there’s any hint about a hike in the fourth quarter. Traders mostly expect this to be the last hike of this cycle for the moment, but it’s likely that the consensus will change at least slightly after Jerome Powell’s comments. Friday’s PCE…

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July 17, 2023 BY Steffy Bogdanova

Weekly data: GBPUSD & USOIL price action

On the technical side, the price on the chart is currently in a correction status after reaching a yearly high of around $1.31. The Stochastic oscillator is in the extreme overbought levels for the last 10 sessions  indicating that a correction to the downside might still have some more power into it. On the other…

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Market Analysis
July 17, 2023 BY Steffy Bogdanova

Market Insight: Week ending 21 July

Technical View: Markets to Watch for the Week Ahead Currencies: US Dollar Testing Monthly Support It has been quite a week for the US dollar. Consistent with the US Dollar Index—a geometrically-weighted average of the dollar’s value against a basket of six major currencies, including Europe’s single currency—the greenback plunged -2.3% last week, marking its…

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European stock market experiences positive change
July 14, 2023 BY Steffy Bogdanova

Technical analysis: GBP/USD bulls remain on the offensive

Short-Term Price Action Edging North of $1.31 As evident from the H1 timeframe, buyers and sellers are squaring off around the $1.31 level, following the (almost) one-sided push north after retesting the widely watched $1.30 psychological base in early London. Overhead resistance is at $1.3154, while support can be seen at $1.3055, together with a…

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