FxPro

FxPro
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FxPro is a UK headquartered online broker providing contracts for difference (CFD) on foreign exchange, shares, futures and precious metals primarily to retail clients.
The G7 meeting is taking place today and tomorrow as world leaders meet to discuss global economic issues. Trade is expected to be a key issue during this meeting on the back of US Trade Tariffs and the retaliatory responses.At 08:15 GMT, ECB’s Mersch...
The EURJPY pair attempted to reach the 133.500 level this week but has dropped back to form a triangular pattern. This is forming inside a larger wedge pattern, marked out here with blue trend lines, and the recent high formed the third touch on the top...
After the FOMC yesterday, the US 30 index initially moved higher to test towards 25000.00 but failed, as it ran into the blue trend line resistance and faded down to a low of 24679.5, which has been taken out this morning. Today’s low is extending to...
The AUDUSD pair failed to stay above the 0.79000 level and broke down under trend line support late yesterday, to test the next supporting trend line at 0.77707. A fall below this area would see a sustained push lower to the 0.77300 level and the February...

US 500 and USDCAD Analysis

The US stock index is in a holding pattern as we await US Inflation and Retail Sales data at 13:30 GMT today. The market has managed to grind higher and break above its Blue downtrend resistance line and price is positioned below 2670.00. Major...
The Fed promises to start shrinking their balance from October and has kept the rate unchanged. However, committee’s forecasts caused a powerful wave of dollar growth immediately after the publication. The committee is set to hold a third raise this year and expects to...

All Eyes on Fed

The markets are little changed overnight as they await the outcome of the 2-day Federal Reserve meeting that ends today. Many will be focusing on the Fed’s description of inflation in their policy statement as the US is confronted with tepid inflation well below...
In a surprising move on Wednesday, the Bank of Canada raised interest rates by 25 basis points to 1%. The Bank of Canada said the hike “was warranted given unexpectedly strong economic growth in Q2 but future moves are not predetermined and would be...

Markets on Edge

With the markets risk appetite dampened after North Korea’s most powerful nuclear test to date, USD and Global equities fell whilst Gold, Yen and Sovereign Bonds all rose.President Trump is supposedly weighing economic sanctions that could target China as a result of Pyongyang’s recent nuclear...
EURUSD broke 1.20 for the first time since December 2014 on Tuesday, as further tensions between the US and North Korea brought in USD Bears, and ECB President Draghi’s recent lack of information on the ECB’s monetary policy brought in EUR Bulls.The latest North Korea...
On Friday, the US Department of Labour released Nonfarm Payrolls for July of 209K that beat the markets’ expectation of 183K.Additionally, US Unemployment improved from 4.4% to 4.3% and average hourly earnings crept up by 0.3%, from 0.2% the year before, underlining a relatively...

Dollar Bears

UK Consumer Price Index (CPI) data was released on Tuesday showing inflation easing for the first time in nearly 10 months, retreating from the near 4-year high touched in May, as fuel prices fell substantially in the UK in June. The consumer price index...

Risk-Off Sentiment?

The markets on Tuesday erred towards a risk-off sentiment, with the typical “safe haven” instruments such as gold and JPY in demand whilst equities dipped following an apparent milestone in North Korea’s weapons program.North Korea said it had conducted a test of a newly...
The crucial US labour market data for May will be released today, June 2nd at 13:30 BST. It includes non-farm payrolls, unemployment rate and average hourly earnings. Please note that the release of US labour market data will likely cause volatility for USD, USD...
Per the latest ‘poll of polls’ released yesterday May 31, conducted by the Press Association based on a 7-day rolling average of all published polls, approval ratings for the Conservative and Labour Parties are 44% and 35% respectively. The Conservatives’ lead is 9% which...
The Dollar index saw a rebound with strong bullish momentum on Monday after hitting a 6-month low of 98.40 last Friday. This morning, during the European session, the dollar index bulls have recovered the significant resistance level at 99.00. USD/JPY hit a high of...
Last Friday US non-farm payrolls for March rose by only 98K, which was far below expectations of 180K, marking the lowest growth since May 2016. In addition, the previous figure was revised downwardly from 235K to 219K. The average hourly earnings also underperformed, falling...
The DAX index has been oscillated in the range between 11900 and 12100 since early March.Monday, we saw the release of German IFO expectations, current assessment and business climate figures for March, all better than expectations and the previous figures. The outperforming IFO figures...