EUR/USD Rebound Fizzles Ahead of 50-Day SMA
EUR/USD may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902). Read More
Broker OANDA Rebrands, Launches Crypto Trading Service in US Market
<p>OANDA, a longtime player in the multi-asset retail trading industry, has added crypto trading ability to its platform for users in the United States. </p><p>The crypto trading offering was launched in partnership with Paxos, a regulated blockchain infrastructure company, the broker announced on Friday.</p><blockquote class=”twitter-tweet”><p dir=”ltr” lang=”en”>Crypto trading now available through OANDA! 🙌Find out more about the benefits of trading […]
Broker OANDA Rebrands, Launches Crypto Trading Service in US Market
<p>OANDA, a longtime player in the multi-asset retail trading industry, has added crypto trading ability to its platform for users in the United States. </p><p>The crypto trading offering was launched in partnership with Paxos, a regulated blockchain infrastructure company, the broker announced on Friday.</p><blockquote class=”twitter-tweet”><p dir=”ltr” lang=”en”>Crypto trading now available through OANDA! 🙌Find out more about the benefits of trading […]
USD/JPY Trades Above Key Level as Investors Await BoJ Intervention: Asia-Pacific Outlook
The Japanese Yen is on track to fall for the twelfth day against the US Dollar, putting the threat of intervention at the forefront for traders. Asia-Pacific stocks look set for a mixed open. Read More
AUD/USD Outlook Mired by Failure to Push Back Above September Low
The recovery from the yearly low (0.6170) may end up being short-lived as AUD/USD struggles to push back above the September low (0.6363). Read More
S&P 500, Dow and Nasdaq Fall Despite Strong Corporate Earnings
Major U.S. stock indices end in negative territory as investors weigh good corporate earnings, despite gloomy economic outlook, ahead of more interest rate hikes. Read More
Canadian Dollar Gains but Remains in Tough Spot, USD/CAD Rejected at Key Support
The Canadian dollar strengthens moderately against the U.S. dollar, but its fundamental outlook remains challenging amid mounting headwinds for high-beta currencies. Read More
EURUSD Continues to Coil – Is a Big Move Imminent?
EURUSD continues to carve out a symmetrical triangle as traders await the next large move. Read More
Buy the Rumor Sell the Fact, Explained
The concept of ‘buy the rumor, sell the fact’ is rooted in human psychology and understanding it can help traders avoid poorly timed entries Read More
Retail Trading Analysis: Lower Deposits and Withdrawals in July
<p>In our previous analysis of key metrics related to retail FX/CFD trading, we noticed a decline in the activity of investors. Finance Magnates <a href=”https://www.financemagnates.com/intelligence” target=”_blank”>Intelligence</a> analysis of July’s data from <a href=”https://www.cpattern.com” target=”_blank” rel=”nofollow”>CPattern</a> only proved the initial observations.</p><p>In July, retail traders decided not to deposit more capital in their accounts. In fact, they did not withdraw much either. […]