This article isn’t about why we onboarded cTrader as a platform. This article is about what we got, and the fact it was much more than we had expected. By exceeding expectations, I don’t mean that we exceeded our KPIs because to cTrader (it’s still too early to tell). We got more than we had expected because we viewed cTrader mostly as an object.Continue reading
FXStreet has some of the ‘pixie dust’ of a classic startup success story and represents a source of inspiration.Continue reading
EUR/USD fell to its lowest level since December 2nd in Friday trading, after the European Central Bank (ECB) signaled a more dovish than expected outlook. On Thursday, the ECB reaffirmed its commitment to hold or even cut interest rates, while continuing bond purchases until euro zone inflation returns to its target level of just under 2%.
The ECB held its rate on overnight bank deposits at a record low of -0.50%. The main refinancing rate was kept unchanged at 0.00% while the rate on the marginal lending facility stayed at 0.25%.
Speaking at the conference after the meeting, ECB President Christine Lagarde cited downside risks to euro area economic growth. She stated:
“The risks surrounding the euro area growth outlook, related to geopolitical factors, rising protectionism and vulnerabilities in emerging markets, remain tilted to the downside, but have become less pronounced as some of the uncertainty surrounding international trade is receding.”
On Friday, PMI data signaled a positive start to 2020 for business activity in the German private sector. IHS Markit’s Flash Composite Purchasing Managers’ Index (PMI) indicated that growth was up to 51.1 from 50.2 in December, a 5-month high.
However, Eurozone PMI data showed that Eurozone business activity remained muted at the start of the year. The Flash Eurozone PMI Composite Output Index came in unchanged at 50.9, while the Flash Eurozone Services PMI Activity Index fell to 52.2 from 52.8 in December.
Finally, at the World Economic Forum 2020 in Davos on Friday, Christine Lagarde cited concerns over Brexit and the deadline for the trade agreement. She stated:
“Brexit is a little bit less uncertain, but we still have that possible cliff edge in December of 2020. We don’t know exactly what the trade relationship will be. And it’s a big partner for the euro area, so that’s certainly a question mark.”
A temporary measure to combat The Great Recession has now become a mainstay of global central bank policy. Forex investors now adjust to this new normal.Continue reading
In our January interview we catch up with Pierce Crosby, General Manager of TradingView, one of the fastest growing and most exciting fintech companies in the world.Continue reading
Despite the large swings at the beginning of the year, 2019 has been a year of record low levels of volatility – Senior Market Analyst Dan Blystone.Continue reading
Founder of Trading Heroes Hugh Kimura dishes on everything from his start in trading to his outlook on the markets.Continue reading
We must recalibrate our expectations, our understanding of algorithms, where we came from, our current state, and our true potential. Only then will we unlock the true potential technology offers, writes author of this compelling article – Jordan Schneir. Complicated matters explained in simple words. Must read for traders of modern era.Continue reading
Scandinavian Capital Markets looked at the pros and cons of cTrader and MetaTrader4 (MT4) – top Forex trading platforms to provide the traders with an accurate comparison of the products.Continue reading
It’s important to understand that regulatory environments differ widely across various jurisdictions. The article contains list of main regulatory bodies and what Forex brokers need to have on their websites to keep up transparency and legal standards.Continue reading