Photo: Solitics Following the news about its integration with Metatrader and being able to display pop-up messages in real-time to traders on the desktop app, Solitics introduces a new set of capabilities, providing beyond a shadow of a doubt that it’s the most suitable platform for brokers. Solit

Narrow ranges have been prevailing among the main currencies so far today. The dollar managed to lift modestly, recovering slightly from the trend lows of yesterday. EUR-USD ebbed to a two-day low at 1.1885, extending a correction from Tuesday's 28-month peak at 1.2012. A profit taking impulse after

Current Position of the Market SPX Long-term trend:  For now, the best guesstimate is that we are still in the bull market which started in 2009. SPX Intermediate trend:  We should be approaching an important high, with confirmation coming over the near term. Analysis of the short-term trend is done

South Korea's central bank left its key interest rates unchanged at a record low and downgraded its GDP outlook as authorities enhanced coronavirus containment measures. The Monetary Policy Board of the Bank of Korea decided to hold its key policy rate at 0.50 percent. As economic growth is expected

Photo: FM On August 19th, Airbnb announced that it had confidentially submitted a draft Registration Statement on Form S-1 to the Untited States Securities and Exchange Commission (SEC) “relating to the proposed initial public offering of its common stock”–in other words, Airbnb is making moves to

Photo: FM Sumitomo Mitsui Financial Group, Inc. has purchased a 14 per cent stake in the joint venture between SBI Holdings and blockchain technology provider R3 Holdo LLC, SBI R3 Japan Co., Ltd. In a statement from SBI Holdings today, the company revealed that the joint venture has signed a Share

People's Bank of China Medium Term Lending facility - lends fund to banks for 6 to 12 months The Bank says it will be coming up on Monday, August 17 Will roll over maturing MLF that day Amount will be subject to demand

The narrow trade-weighted USD index edged out a one-week high at 93.71, making this the third consecutive trading day a higher high has been seen. A softer tone in the euro has in part given buoyancy to the index while pushing EUR-USD to a one-week low, at 1.1723. EUR-JPY concurrently rose about 40

"Even although we traded above CO1$46 overnight, the risk/reward still seems skewed to the downside in the near term, with supply and demand factors both potentially weighing on oil in the coming weeks. The direction for oil in 2H will depend mainly on the willingness of traders to look through the

GBP/USD attempts recovery after stepping back from the six-week top flashed the previous day. A bearish candlestick formation suggests a pullback to the area comprising mid-June, early-July tops. Bulls will have to cross June month’s peak to for confirming further upside. GBP/USD recovers to 1.2733

South Korea's unemployment rate fell for the first time in four months in June, figures from Statistics Korea showed on Wednesday. The jobless rate fell to a seasonally adjusted 4.3 percent in June from 4.5 percent in May. In the same month last year, the unemployment rate was 4.0 percent. On an una

EUR/USD is posting small gains on Tuesday as the pair heads towards the 1.1374 July high and the June peak at 1.1422, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “EUR/USD is heading back up towards its current July high at 1.1374, above which still beckons the Jun

USD/IDR prints mild losses while stepping back from 14,313. Bears keep the throne unless breaking 200-bar SMA. The monthly low, early-February top will lure sellers below the triangle. USD/IDR stays offered while trading around 14,210, down 0.15% on a day, during the pre-European session on Tuesday

It was hard to ignore the surge in oil prices during the European session on Friday.  With supply and demand trends seemingly moving in positive directions, traders boarded the rally bus en masse. Mind you, the speed of movement and the ease with which the market sliced through WTI $40 was a bit of