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3 significant benefits of having an FX trading buddy
By Mike Smith Let’s face it, trading can be a lonely occupation sometimes. Along with the hope of picking up a “hot tip”, this seems to be a key reason why trading forums are so popular. Unfortunately many people leave such forums almost as quick as they join them, simply because many users are not particularly supportive and often seem...
Black and Yellow Gold
Commodities markets were on sell-off mode on Friday. The black and yellow gold was sent to the downside dragged by the disappointing Purchasing Managers Index data. Gold - XAUUSD The Chart shows that Gold price pulled back as from last Wednesday on a broad-based US dollar strength and retreated from its 2019 highs. The yellow metal struggled to ...
Time For a Change? Considering Longer or Shorter Timeframe FX and CFD Trading
One of the most common questions we are asked on some of the webinar sessions we run is “What timeframe might be best for me to trade?”. This slightly longer article than we would usually write, seemed merited to provide some detailed “food for thought” as it appears to be an important issue for many. This is not something w...
From Singapore to Hanoi – Summit 2.0
President Trump is on the “Tweet Rally” with positive headlines on the trade front and much confidence ahead of the Summit in Hanoi, Vietnam. Singapore Summit The Singapore Summit marked the first-ever meeting between the Head of State of North Korea and the United States. Both leaders signed a joint statement during the Summit and agr...
Trade Deadline Delayed – “Substantial Progress”
Monday started on a buoyant note as the weekend negotiations between the US and the Chinese officials on structural issues, including intellectual property protection, technology transfer, agriculture among others were productive which encouraged President Trump to extend the 1st March deadline. Asian stocks and trade-sensitive currencies l...
The Dalian Port – “China’s Coal Ban”
Wednesday was the bearer of bad news for United Kingdom. Despite the buoyant employment report which briefly lifted its local currency, the United Kingdomn dollar plummeted on Westpac’s rate cut forecasts and the news of China’s Coal Ban. Simmering diplomatic tensions could be the trigger behind the ban. The news that the Dalian port in China has b...
Updated Product Disclosure Statement (PDS)
Mega Fx Market Pty Ltd updated its Product Disclosure Statement (PDS). View our updated Product Disclosure Statement. The changes made to the PDS mainly relate to adding share CFDs to our offer. Please read and save a copy of this document for your records....
MT4 to MT5: Is it Time to Make the Change?
In this brief article we explore the major differences between the MT4 and MT5 Trading Platforms in order to assist reader in deciding whether they should consider switching to the latest version of this established Forex gateway to the market. Do you have to make a switch now? The reality for now is that MT4 is still used widely by brokers and t...
Earnings Report: Brambles Limited
The Logistics Company has reported a 27% decline in net profit (after tax) for the six months ended 31 December. The drop in profit is mainly due to higher costs on: Fuel Transport Brexit-proofing costs. The company was also deprived of the one-off tax benefit of US$130 million from a year ago. Below is a summary of key metrics: Sour...
National Emergency
By Deepta Bolaky President Donald Trump has declared a national emergency over the US-Mexico border swiftly after the spending bill was approved. It is not the first national emergency the US will face. Other situations of emergency were triggered by former Presidents like Barack Obama or George W Bush, but it was primarily for purposes of add...
The Less-Dovish Central Bank
The Reserve Bank of New Zealand (RBNZ) made its first interest rate decision and monetary policy, but it was not what the market participants expected. The Central Bank did not follow the same dovish theme seen by other central banks. The Official Cash Rate (OCR) was left at 1.75%, as widely expected, and the RBNZ expects to keep the OCR at this ...
Reserve Bank of New Zealand – First 2019 Policy Statement!
The Reserve Bank of New Zealand (RBNZ) will make its first interest rate decision for the year 2019. We will see the Press Conference, Rate and Monetary Policy Statement on Wednesday. Market participants are expecting the RBNZ to adopt the same dovishness seen lately by major central banks The Reserve Bank of United Kingdom The Federal Reserve B...
Bank of England Synopsis
Thursday the 7th of February saw Bank of England Governor, Mark Carney, stepped back up to the mark to take on a barrage of Brexit related economic questions after giving a speech about the BoE’s stance on their current assessment of the negotiations. Economy The speech started not looking so good for the UK economy, with the Governor stating t...
The Royal Commission’s Mammoth Report
The bombshell report of the Royal Commission is finally out. The report depicts how the Banking, Superannuation and Insurance industries have treated their customers and employees. It highlights the expectations that customers should be compensated, while also addressing the need for financial services that break the law to be held accountab...
Forex 10 Year Challenge
To begin the week, I thought we'd do something a little bit different. We have taken the current ten-year challenge sweeping social media and tried to apply it to a brief technical analysis summary of the major FX pairs. Where were they trading in early 2009? And where are they now? Judging by the list below, it would seem gold wins the gold...
