Wednesday’s latest instalment of Brexit drama ended with MPs in the House of Commons voting through a Bill, which will force the U.K. prime minister to approach the European Union, to ask for a longer extension. However, the E.U. is under no obligation to honour such a request, therefore, many political analysts were left confused […]
During Wednesday’s trading sessions, GBP/USD traded in a tight range, with a bullish bias, oscillating between the daily pivot point and the first level of resistance, as investors and FX traders analysed the latest news regarding the Brexit situation. Leaders of the two main political parties met to apparently find a method to break the
The Aussie dollar slumped versus its peers during Tuesday’s trading sessions, as a consequence of the RBA delivering a dovish monetary policy statement, by way of the Governor Philip Low. A statement which accompanied the decision to maintain the cash rate (base interest rate) at 1.5%, a record low, for a record period of inactivity.
Sterling currency pairs, such as GBP/USD, whipsawed in a wide range during Thursday’s trading sessions, in perfect rhythm with ongoing and breaking Brexit developments. The ruling Tory party held a marathon cabinet meeting from early morning, until early evening. The outcome was a 3-4 minute speech from Theresa May, in which she pleaded for cooperation
Cyprus based FX broker FXCC, has recently been announced as the winner of an award, under the classification of; “best forex trading account”. Their specialist, premier account, termed their “XL account”, or ZERO fees account, offers their clients the opportunity of experiencing transparent, STP-ECN, trading facilities, whilst enjoying zero fees, on all the associated services.
FXCC’s XL account, voted “best FX trading account” by World Finance Read More »
Cypriot based forex broker FXCC, has recently won the World Finance, best STP broker award. An STP broker, or a Straight Through Processing broker, is the description given to a broker who once they receive a client’s order, will immediately pass on the order directly to their liquidity provider. STP is considered, when combined with
FXCC wins best STP broker award from World Finance. Read More »
During Tuesday’s Sydney-Asian trading session, Australia’s central bank the RBA, announced the cash rate would remain at the record low of 1.5%, for a record period of inactivity; since August 2016. The Governor of the bank, Philip Lowe, delivered a statement that maintained the dovish tone the RBA had previously set in March, without recommitting
Sterling rose versus its main peers during Monday’s trading sessions, as U.K. MPs appeared to gradually move towards a consensus requiring a softer Brexit; keeping closer ties with Europe by remaining in a customs union and having access to the single market. Votes took place on an indicative basis in the House of Commons and
At 4:30am U.K. time on Tuesday April 2nd, the Australian central bank, the RBA (reserve bank of Australia), will announce its latest decision regarding the country’s key interest rate, referred to as the cash rate. The widely held consensus, from the news agencies Reuters and Bloomberg, after they’ve polled their panel of economists, is for
China’s equity markets rallied as the latest Caixin manufacturing PMI from China rose marginally, the reading for March came in at 50.8, clawing its way from the 50 level, which separates expansion from contraction. The Caixin metric followed other PMIs published on Sunday, which also beat forecasts. Analysts quickly gauged that the reading might represent
