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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

Euro Gaps Higher Testing December Highs

The euro currency gapped higher on the open on Monday as traders returned from the year-end holiday. The US dollar resumed its declines from 2020 pushing currencies such as the euro higher. The common currency briefly rose to test the Dec 30, 31 highs before pulling back. If price action continues o

FP Markets Hires Nick Twidale as APAC CEO

Photo: Arnab Shome Australia-based forex and CFDs broker, FP Markets, has on-boarded Nick Twidale as its new chief executive officer for the APAC region. According to an update on Twidale’s Linkedin, he joined the broker at the beginning of this month and will be based in Sydney. Twidale is a vetera

Dollar Index Hits New Multi-Year Low, Set for Deeper Fall in Early 2021

The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020. Covid-19 pandemic that devastated the US economy and ultra-low interest rates deflated the greenback, while rising optimism on

Tesla shares set to start 2021 at record high

(Reuters) - Tesla Inc shares were set to open at a record high on Monday after the electric-car maker reported better-than-expected vehicle deliveries in 2020, extending a rally from last year that saw the stock surge more than eight times. It delivered 499,550 vehicles, above Wall Street estimates

UPDATE 1-London stocks begin 2021 with gains; Ladbrokes owner soars

* UK’s FTSE 100 jumps most in nearly two months * Ladbrokes owner Entain surges on merger proposal * Plumbing parts maker Ferguson sells UK business * FTSE 100 up 2.5%, FTSE 250 adds 1.4% (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Jan

FX Broker Fortrade Becomes a Rangers FC Sponsor

Photo: Fortrade sponsoring Rangers Fortrade Limited, a London-based forex and CFDs broker, announced on Thursday its new sponsorship deal with the top Scottish football club, Rangers. The brokerage signed an initial 18-month contract with the Glasgow-based club, becoming its ‘official online trading

BOK’s Lee: Monetary policy needs to stay accommodative until a stable recovery in our economy is seen

“Monetary policy needs to stay accommodative until a stable recovery in our economy is seen, as there are high uncertainties to the growth path, while inflation is also expected to fall below the target level for a while,” said the Bank of Korea (BOK) Governor Lee Ju-yeol said in a New Year’s messag

READ N' GO-Daily News Recap

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economy policies, political moves, global agendas and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you shoul

British pound rallies past 1.36

The British pound continues to register gains. Currently, the pair is trading at 1.3602, up 0.74% on the day. Pound closes in on 2½ year high The week of Christmas is always marked by thin liquidity, which means that the markets are vulnerable to volatility. This has been the case with the British p

GBP/USD Forecast: Parliament votes post-Brexit deal, AstraZeneca vaccine approved

GBP/USD Current price: 1.3698 The dollar’s broad sell-off continues, providing support to GBP/USD. The UK has approved the emergency use of the AstraZeneca covid vaccine as cases soar. GBP/USD is neutral-to-bullish in the near-term, could extend its advance to 1.3700 area. The GBP/USD pair is slowly

DAX: Expect 14000.00

Pivot (invalidation): 13690.00 Our preference Long positions above 13690.00 with targets at 13890.00 & 14000.00 in extension. Alternative scenario Below 13690.00 look for further downside with 13585.00 & 13450.00 as targets. Comment The RSI shows upside momentum.
December 28th, Daily Stock Market Recap with Tom O'Brien. #NASDAQ##S&P500##USDollarIndex##forexmarket#

UK’s Raab: Pursuing trade deals with Australia, US, Indo-Pacific region – The Telegraph

UK Foreign Secretary Dominic Raab crossed wires, via The Telegraph, while writing in the news during early Monday morning in Asia. The British diplomat marked optimism after striking the Brexit deal while saying, “We are pursuing trade deals from Australia to the U.S. and around the world – particul

Japan Nov factory output growth stalls after rising for 5 months

TOKYO (Reuters) - Japan’s industrial output growth stalled in November after rising for five months, underscoring the fragile nature of the global economic recovery due to a recent resurgence in COVID-19 infections. The world’s third-largest economy recovered sharply in the third quarter from its wo

Pull-up Update