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How Does STP Compare To ECN?
Photo: Google Image STP and ECN have several similar characteristics, but some traders prefer STP in its pure form due to the lack of a commission per trade that is usually associated with ECN accounts. Most institutional traders open ECN accounts to enjoy tighter spreads at the cost of a commission
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Singapore Manufacturing Expands For Sixth Month
Singapore's manufacturing sector expanded for a sixth straight month amid further expansion in the electronics sector, survey data from the SIPMM Institute showed on Monday. The purchasing manager's index for the manufacturing sector edged up to 50.5 from 50.4 in November. A reading above 50 suggest
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Singapore: Industrial Production looks healthy – UOB
UOB Group’s Senior Economist Alvin Liew gives his opinion on the recent data releases in Singapore. Key Quotes “Singapore’s industrial production (IP) beats market expectations with a solid rebound of 17.9% y/y (+7.2% m/m sa) in Nov… In addition, Oct’s decline was revised slightly to -0.8% y/y, from
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EUR/USD outlook: Eventual break of 1.23 barrier would expose targets at 1.25 zone
EUR/USD The Euro is probing again through 1.23 barrier on Monday after cracking the level twice last week, but without clear break. Bulls regained traction at the first trading day of 2021, as the pair opened with a gap higher and rallied, neutralizing negative signal from 31 Dec’s bearish engulfing
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Japanese government considers state of emergency for Tokyo area
TOKYO (Reuters) - The Japanese government said on Monday it was considering declaring a state of emergency in and around Tokyo as coronavirus cases climb, casting fresh doubt over whether it can push ahead with the summer Olympics and keep economic damage to a minimum. Citing government sources, Kyo
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AUD/USD analysis: Potential target at 0.7800
AUD/USD The Australian Dollar has declined by 53 points or 0.68% against the US Dollar since December 31. The decline was stopped by the 50– hour simple moving average at 0.7693 on January 4. Everything being equal, the AUD/USD exchange rate could edge higher within the following trading session. Th
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GLOBAL MARKETS-Asia shares start new year in upbeat mood, much already priced in
* Asian stock markets : tmsnrt.rs/2zpUAr4 * Nikkei hits fresh 30-year high, Asia ex-Japan near record * Dollar under pressure as U.S. deficits swell * Factory surveys, U.S. jobs and Fed minutes all ahead SYDNEY, Jan 4 (Reuters) - Asian share markets got the new year off to a solid start on Monday on
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Silver: Mid-Term Highs Nearby but Bullish Trend Faces Battle
The silver market has been rather quiet the past week and traders may have to be patient throughout the holiday to witness stronger moves emerge. However, the relative quiet trading within the commodity may allow speculators an opportunity to pursue their technical perceptions with short-term trends
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How much to risk per trade? If you intend to last years and years, no more than 1%
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Coronavirus update: UK virus strain found in California, second-stage vaccinations to be delayed in Britain
Early Thursday morning in Asia, The Guardian came out with the news suggesting the British medical officers’ push for first-doses of the coronavirus (COVID-19) considering a surge in the death doll. The same pushed back the second jab by up to 12 weeks, per the news. Elsewhere, NBC quotes California
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Mid-afternoon market update: Dow gains 80 points; Osmotica Pharmaceuticals shares plummet
Toward the end of trading Wednesday, the Dow traded up 0.27% to 30,416.16 while the NASDAQ rose 0.29% to 12,886.98. The S&P also rose, gaining 0.17% to 3,733.30. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 19,515,520 cases with around 338,65
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EUR/USD Forecast: Higher highs still in sight
EUR/USD Current Price: 1.2285 US Senate delayed the discussion about expanding coronavirus-relief aid. Coronavirus-related concerns hurt the market’s mood amid rising cases in the EU and the US. EUR/USD trades above its former year’s high and is poised to continue advancing. The EUR/USD pair reached
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GBP/USD Price Forecast – British Pound Trying to Break Out
The British pound has rallied significantly during the trading session on Wednesday, reaching towards the 1.36 level. The 1.36 level is the top of a major resistance barrier, and it looks as if we are ready to go higher, perhaps reaching towards 1.3750 level. Short-term pullbacks at this point in ti
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UPDATE 1-'Well into spring' before Italy sees significant impact of COVID vaccine, PM says
* PM Conte says 10-15 mln Italians to be vaccinated by April * Rules out making vaccine obligatory * Says government must hurry in drawing up Recovery Plan * Appeals for cohesion in bickering majority (Combines stories, adds detail, quotes, background) ROME, Dec 30 (Reuters) - Vaccines will start to
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S&P 500 Forecast: Market Continues to Look Towards 3800
The S&P 500 initially tried to rally during the session on Tuesday, but then turned around to form a shooting star. This suggests that we are running into exhaustion, but we are still very much in an uptrend, so we may get an opportunity to pick up a little bit of value. One of the biggest drive
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Pull-up Update
