Latest Market News
EURUSD, “Euro vs US Dollar” The currency pair has secured above the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0855 is expected, followed by growth to 1.1065. An additional signal confirming the growth will be a bounce […]
Knot Reaffirms Hawkish ECB Outlook EUR has started the week on a strong footing following further hawkish ECB commentary over the weekend. Dutch ECB member Klaas Knot told reporters over the weekend that he believes the ECB will hike rates by a further .5% at both the upcoming February and March meetings. Furthermore, Knot warned […]
AZN Stock Under Pressure Shares in UK-headquartered AstraZeneca are back under heavy selling pressure on Monday as the stock extends recent losses. Now trading down by almost 7% from the 2023 highs, the company recently outlined plans to buy US bio-tech Firm Cin Cor for $1.8 billion. However, it seems that stockholders are not overly […]
What is an introducing broker? An introducing broker (IB) is a type of broker that acts as an intermediary between its clients and a larger, more established broker-dealer. The IB does not have its own capital to trade with, but instead brings clients to the broker-dealer, who then executes the trades on behalf of the […]
Dax Turns Down Following Recent Gains Looking across markets, aside from the volatility we had around the BOJ meeting, it’s been a much quieter week. The calm before the storm perhaps, as we approach the upcoming February FOMC meeting. However, there have still been some noteworthy moves and chatting with traders ahead of the weekend, […]
Daily Market Outlook, January 20, 2023 Chinese Market Head Into Lunar New Year Near Bull Market Territory Asian equities close out the week on a firm footing as Chinese investors wind down ahead of next week’s lunar new year holiday. Western markets remained subdued as FOMC vice chair Brainard, deemed to be in the dovish […]