Forex News

PRESS RELEASE FP Markets Awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023 23 June 2023 – FP Markets, a leading Forex and CFDs broker, has been crowned ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the prestigious Ultimate Fintech Awards APAC 2023 on 23 June. The much sought-after…

Inflation is front and centre in the final full week of June. Tuesday’s inflation data out of Canada is first out of the gate this week at 1:30 pm GMT+1. Headline YoY inflation surprised to the upside in April to 4.4%, 0.1 percentage points higher than 4.3% in March (19-month low). Expectations heading into the…

Out of the UK, we have inflation numbers on Wednesday, followed by the Bank of England (BoE) rate decision on Thursday. These will be two key events for the week ahead. Economists on Bloomberg are widely anticipating another 25 basis-point increase from the BoE this week, which would pull the Official Bank Rate to 4.75%…

It is an important week for the financial markets. Following the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) defying market consensus and increasing rates by 25 basis points last week, the question is whether the Federal Reserve will follow suit at Wednesday’s meeting at 7 pm GMT+1. Most economists (Bloomberg) forecast…

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…