Forex News

Friday welcomed the latest US employment situation report. Once more, US non-farm employment change defied market consensus; the US economy added an eye-popping 339,000 new payrolls in May, almost double the median consensus (190,000) and marks a 14th consecutive month of exceeding expectations. However, while employment change depicts a resilient labour market, which forms part…

23 May 2023 Through the FP Markets MetaTrader 4 (MT4) and MetaTrader 5 (MT5) Trading Platforms, Traders and Investors can now trade a range of additional emerging currencies against the US Dollar. Continued growth in the foreign exchange market has triggered increased client demand for choice and flexibility. In response, FP Markets has expanded its…

The final full week of May is upon us and delivers a range of heavyweight data to be conscious of this week. Monday will be relatively quiet; the calendar lacks tier-1 economic data, and Canadian banks will be closed in observance of Victoria Day. Tuesday will see a slew of manufacturing and services PMIs released…

10 May, 2023: FP Markets receives the prestigious accolade of ‘Best CFD Broker in Africa’ at the FAME Awards 2023, part of the Finance Magnates Africa Summit (FMAS23). FP Markets, a leading Australian Forex and CFDs broker, was presented with the ‘Best CFD Broker in Africa’ award for 2023 at the prestigious FAME Awards,  as…

The week ahead should be somewhat quieter regarding economic data. From the US, with the latest inflation data in the rear-view mirror—which saw headline annual inflation dip below 5.0% to 4.9% in the twelve months to April—the first regional Federal Reserve Survey for May is on the radar Monday at 1:30 pm GMT+1. We also…

Weekly Recap Three central bank meetings; three 25 basis-point rate hikes. Against consensus, the Reserve Bank of Australia (RBA) surprised markets early last week, increasing its Official Cash Rate (OCR) by 25 basis points to 3.85%, with many desks now pricing in a 4.1% terminal rate. This followed the previous meeting where the central bank…

We have quite a week ahead of us. Central bank decisions from the Reserve Bank of Australia (RBA), the Federal Open Market Committee (FOMC) and the European Central Bank (ECB) will be firmly in the spotlight this week. The RBA is widely expected to keep its Official Cash Rate (OCR) unchanged for a second consecutive…

This week’s economic calendar delivers several tier-1 risk events to monitor, including US consumer confidence data on Tuesday, Aussie inflation and US durable goods data on Wednesday, Q1 GDP and weekly jobless claims on Thursday in the US, followed by the Bank of Japan (BoJ) rate decision and the US Core PCE Price Index on…

Friday saw markets conclude what was a turbulent quarter, albeit an upbeat one for global equities. The recent banking turmoil shook Q1, though does appear to be receding. Despite the collapse of Silicon Valley Bank and Signature Bank and UBS’s rescue of Credit Suisse, Q1 ended well and truly on the front foot in the…

Weekly Review A lot happened last week. Despite the recent banking turmoil, three central banks raised their benchmark interest rates last week as they continue to attempt to tackle elevated inflation. In fact, the month of March witnessed five central banks hike rates, including the US Federal Reserve recently increasing its Fed Funds rate by…