Forex News

It is all about the central banks this week; the blockbuster week welcomes the US Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BoE), all of which are anticipated to increase rates. The Fed steals the spotlight on Wednesday with markets more or less pricing in a 25 basis-point hike,…

In his first public appearance of 2023, US Federal Reserve Chair Jerome Powell participated in a panel discussion (Central bank independence and the mandate – evolving views) on Tuesday and reiterated the central bank’s commitment to contain inflation. Powell added that ‘restoring price stability when inflation is high can require measures that are not popular…

Happy New Year! It was all largely about the US last week. Despite signs of easing inflation pressures in the US—June’s 9.1% reading appears to be the peak—Federal Reserve officials continued to call for interest rate increases to bring inflation back to the central bank’s 2% target. The FOMC meeting minutes released on Wednesday revealed…

In a holiday shortened-week for the US, Wednesday was a busy one for the macroeconomic space last week. Flash manufacturing and services PMIs stole the limelight early in Europe, witnessing an upside surprise across the majority of the euro zone PMIs, pointing to a potentially milder contraction. In the UK, both manufacturing and services PMIs…

Charts: TradingView United Kingdom (UK) It was a big week for the UK, with inflation dominating the limelight on Wednesday, and Thursday subsequently shifting attention to the Autumn Statement. Headline inflation in the UK accelerated to a 41-year pinnacle at 11.1%, up from 10.1% in September. The research team highlighted the following after the release:…

15 November 2022: FP Markets has redesigned its IB portal with business intelligence in mind, to help maximise transparency and ensure partnership success. The FP Markets IB program is one of the leading partners programs in the FX industry and is designed to remunerate and reward introducers and partners that refer clients to FP Markets.…

Charts: TradingView It was all about US inflation last week, released at 1:30 pm GMT on Thursday. Softer-than-expected US inflation data unleashed a turbulent trading session. I noted the following shortly after the release (italics): Consumer prices, measured by the Consumer Prices Index (CPI), increased less than anticipated. According to the Bureau of Labour Statistics…

Charts: Trading View US Dollar Index: According to the US Dollar Index, the US dollar wrapped up the week on the ropes, shedding more than 1.0%. Month over month, however, the buck trades 0.3% lower, poised to snap a four-month bullish phase, shaped by way of a monthly long-legged doji indecision candle. Overall, the technical…

Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Remarkably, aside from May, the US dollar has pencilled in successive monthly gains in every month this year, adding 17.5%, year to date. The month of September rallied 3.2%, the largest one-month rise behind April’s eye-popping 5.0% advance. The first full week of October also wrapped…

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…