It is a bank holiday in Japan while their home currency is stumbling to a new decades-low as USDJPY surged past the 130 key levels. Dollar on Steroids USDJPY Daily Chart The dollar Yen rallied more than 240 pips yesterday to close significantly above its previous swing high. As Asia opened this morning the pair […]
We are proud to announce that FXPIG is the first broker to offer APEUSDT as a cryptocurrency CFD amongst the 60 + crypto CFDs vs USDT. FXPIG traders will have 24/7 access to the global cryptocurrency markets via the most popular trading platforms, including MT4 and cTrader. We intend to add our crypto offering to […]
It is finally happening?! In a rapid turnabout, Twitter’s board has accepted Elon Musk’s offer to take the social media company private at $44 billion and it is quite a surprise as the board was against it initially. Musk has said that his main goal is not about economics and profits but to make Twitter […]
Scope of agreement This is a legal agreement (hereinafter the “Agreement”) between you and Prime Intermarket Group (“FXPIG”) for use of the website, data, FXPIG electronic trading platform, and products and services which you selected or initiated, which may include the FXPIG trading platform and third party signal providers (“Products and Services”). 1. FXPIG and […]
Economic Calendar Monday- Australia, New Zealand, and Italy Bank Holiday Wednesday- AUD CPI Thursday- BOJ monetary policy report (tentative) Investors breathe a sigh of relief as Macron beat Le Pen in the French presidential election. They were worried because Le Pen supports nationalizing key industries, cutting French’s contribution to EU budgets, and all the other […]
Market News Fed Chair, Jerome Powell, confirmed yesterday that a 50 basis point rate hike during the next FOMC meeting is on the table. He said that we should be moving faster (raising interest rates) as the current monetary policy is relatively loose compared to the tightening cycle in 2004-2006 although the inflation levels now […]
Dead cat bounce refers to when the price appears to be recovering from a prolonged downwards trend, but in reality, it is just a brief retracement before continuing its previous bearish trajectory. A lot of traders will mistake a dead cat bounce for an actual market reversal, where they will buy into the pattern only […]
Economic Calendar Today- Bank holidays in most major economies except the US Wednesday- CAD CPI Friday- Fed, ECB, and BOE speak Tesla (NASDAQ: TSLA) is going to release their first-quarter earnings on 420, 5.30 pm EST. However, investors are concerned about the production halt in China and also Musk’s latest involvement in the Twitter takeover. […]
After becoming the largest individual shareholder in Twitter, Elon Musk offered to take Twitter (NYSE: TWTR) private for $54.20 a share, which is 20% higher than the last traded price. He stated that the goal of his move is for freedom of speech instead of financial gains. It is still unclear which side the board […]
Economic Calendar Long weekend in the US, Europe, and most of Asia. Thinner volumes and increased volatility in the markets so be sure to trade safely. XAUUSDGOLD Daily After a six days gaining streak, the yellow metal is trading above its resistance in the 1970 area. Gold is a mixed bag right now as on […]
