EC Markets, a multi-regulated global trading provider trusted by traders worldwide, has released the teaser for Hold or Trade, its new creative collaboration with Premier League champions Liverpool FC. The teaser offers a bold first look at a campaign built on a simple but powerful idea: the decisions that define every outcome. Whether it’s a split-second pass on the…
Federal Reserve (Fed) Vice Chair Michelle Bowman said that, given the risks, the Fed should not signal a pause in its rate-cutting campaign, in a speech at the New England Economic Forum in Foxborough, Massachusetts, on Friday. Key takeaways Given risks, Fed should not signal a pause in rate-cutting campaign. US Central Bank should stand ready to cut interest…
KEY POINTS: Gold remains stuck in a tight consolidation awaiting a breakout Mixed signals from US data leads to uncertainty on future Fed interest rates path Fed members are keeping a neutral stance with no clear hint on the timing for the next move US-Iran tensions remain in the spotlight Traders are still awaiting the US Supreme Court decision…
GBP/USD flat near 1.3380 as strong data boosts the US Dollar The British Pound (GBP) trades sideways against the US Dollar (USD) on Friday during the North American session, after reaching a daily high of 1.3413, but solid US data released this week capped Sterling’s advance. GBP/USD trades at 1.3380 and continues to distance from the 200-day SMA key technical level…
The firm expects the BOJ to keep its policy rate unchanged at 0.75% in the first monetary policy meeting to start the new year. They also expect the central bank to stick to its existing forward guidance, offering up no major changes in that regard. Barclays notes that the BOJ should still continue to reaffirm hiking rates further “in…
West Texas Intermediate (WTI) US Oil trades around $59.80 per barrel on Friday at the time of writing, up 1.60% on the day. The Crude Oil is recovering part of the ground lost over the previous two sessions as investors reassess geopolitical risks in the Middle East following more cautious remarks from the White House regarding Iran. US President…
Rate cuts by year-end Fed: 48 bps (95% probability of no change at the upcoming meeting) BoE: 43 bps (94% probability of no change at the upcoming meeting) ECB: 1 bps (99% probability of no change at the upcoming meeting) Rate hikes by year-end BoC: 10 bps (85% probability of no change at the upcoming meeting) BoJ: 44 bps…
USD/JPY trades lower around 158.00 on Friday at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) regains some traction against the US Dollar (USD). The move reflects increased caution among investors, with intervention risks from Japanese authorities returning to the forefront after several weeks of persistent Japanese Yen weakness. On the US side,…
Introduction: What Is MT5? MetaTrader 5 , often called MT5, is a trading platform created by MetaQuotes in 2010. It is the next version after MT4. While MT4 was mainly made for trading forex (foreign exchange), MT5 allows trading in many different markets such as shares, commodities, indices, futures, and cryptocurrencies, depending on the broker you use. MT5 includes…
Bitcoin slips but holds above $95,000, weighed down by declining retail demand. Ethereum trades narrowly between the 100-day EMA support and the 200-day EMA resistance. XRP edges lower for the third consecutive day, driven by a persistently weakening derivatives market.
