Forex News
FP Markets claims a hat-trick of awards at the 2022 Global Forex Awards
FP Markets has been awarded the “Best Global Value Broker 2022” for an unprecedented 4th consecutive year. FP Markets claimed two further awards for “Best Forex Partners Programme” in Asia 2022 and “Best Forex Broker” in Europe 2022. The Global Forex Awards 2022 celebrated its 5th ceremony on Thursday 22 September 2022, at the glamorous…
Read MoreWeekly Technical Market Insight: Week Ending 2nd September 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Month to date, the US dollar, measured by the US Dollar Index, is higher by 2.8 per cent. Quite remarkably, aside from May, the US dollar has chalked up successive monthly gains in every other month this year, adding 13.0 percent, year to date. The final…
Read MoreWeekly Technical Market Insight: Week Ending 26th August 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index: The US dollar—measured by way of the US Dollar Index—staged an impressive rally last week, adding more than 2.0 per cent and recording its largest one-week advance since March 2020. Following a test of an ‘acceleration’ trendline support on the daily chart a week prior (drawn…
Read MoreWeekly Technical Market Insight: Week Ending 12th August 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Snapping a two-week correction, the US dollar—according to the US Dollar Index—staged a spirited recovery last week and added 0.7 per cent. Upside interest initially developed following a retest of the 50-day simple moving average at 105.28 (moving averages can [and often do] deliver dynamic support…
Read MoreTrading in Inflationary Periods – Everything You Need to Know to Invest in Times of High Inflation
Periods of strong inflationary pressures have ample potential to significantly affect global financial markets. Given the nature of this material related to inflation and its impacts on financial markets, it is extremely important that we start with a simple and straightforward definition of what inflation represents. Inflation is a term which has been assigned to…
Read MoreWeekly Technical Market Insight: Week Ending 5th August 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index: It was another lousy week for the US dollar, shedding 0.7 per cent against a basket of six major currencies, including the euro. Despite two successive weeks of downside for the US Dollar Index, the greenback finished July higher by 1.0 per cent, though considerably off…
Read MoreFP Markets adds ETFs CFDs to its MT5 platform
July 13, 2022: FP Markets introduces a new asset class based on CFDs with underlying assets in a variety of ETFs. FP Markets has added ETFs CFDs to its wide range of over 10,000+ products available to trade on the global markets. ETFs are a type of pooled investment security traded on a stock exchange…
Read MoreWeekly Technical Market Insight: Week Ending 22nd July 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Against a basket of six international currencies, the heavyweight US dollar continued to outperform for a third consecutive week, adding 1.0 per cent and refreshing two-decade tops to 109.29. In what seems an unrelenting bid, momentum, however, appears to be subsiding. Displayed through the relative strength…
Read MoreWeekly Technical Market Insight: Week Ending 15th July 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index: It has been a good week for the US dollar, muscularly refreshing two-decade tops to 107.79 and adding 1.7 per cent. Despite another healthy performance, daily flow wrapped up the week in the shape of a ‘shooting star’ candlestick formation (bearish signal), inches from the lower…
Read MoreWeekly Technical Market Insight: Week Ending 8th July 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Against a basket of six international currencies, the US dollar settled the week in positive territory and added 1.0 per cent. In keeping with the daily scale, more topside is likely to come with the possibility of refreshing near-two-decade peaks and reaching for Quasimodo resistance at…
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