The EURUSD is the most traded symbol of the most liquid market in the world, allowing brokers to give razor thin spreads on the major forex pair. The EURUSD (a.k.a the ‘fibre’) is composed of the Euro (EUR) & the United States Dollar (USD), with each currency contributing 3 letters to the symbol code. But …
Read our full blog to see what we anticipate across major forex pairs based on our fundamental analysis! USD It was steady for the USD in the past week, with not much change in economic data and some high impact events missing the mark. The Core CPI data missed the forecast of 0.2%, coming in …
Philip Lowe, the Reserve Bank of Australia’s chief, has spoken out against bond markets pricing in an earlier tightening of monetary policy, which sent the currency and yields lower, as Lowe repeated that interest rates would most likely remain at the current level until at least 2024. Low reiterated that the RBA does not share …
STP Straight Through Processing brokers, also known as STP brokers, are brokers who will pass on the orders directly to their liquidity provider upon receipt of a clients order and prices are executed at the bid/ask rates of said providers. Liquidity providers can vary between banks, hedge funds, investment corporations and other brokers, and so …
What is NFP? Non-Farm Payrolls or NFPs are a measurement of the employment rate in the US. It covers most business industries excluding not-for-profit, local government, agriculture and private households. The data is useful in analysing the US economy’s health and is often used by analysts and traders to make market predictions. Due to its …
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AUDUSD The Forex Major pair broke the early January highs yesterday, as the pair looks set to take the next leg up. Price found support around the 50 day moving average, and has been trending to the upside since. The next key levels to watch for are the 127% fibo level at 0.8040 & the …
So far in 2021 the markets have been returning to calm following the extreme volatility seen last year. This has had a knock-on effect on brokers spreads, enabling spreads to be reduced significantly. For traders it is vital to monitor your brokers spreads, as every pip can cost around $10 per lot, on each side …
As our long term members may have noticed, Tradeproofer is back & better than ever, with new designs and features to help equip traders with all the tools that they need! What’s New? Our data & charts are newly refined, to give traders a seamless trade verification. Here’s a recap of how it works: Excellent: …
During 2020 we saw huge increases in market volatility! As we all know, increased volatility is typically synonymous with increased slippage – so which broker was slipping orders the most during the month? Let’s start with the industry powerhouse – IC Markets. Earning their reputation for great trade execution, only 2.51% of trades with IC …