European markets retreated on Friday, with both the STOXX 50 and the STOXX 600 dropping approximately 1%. This decline erased earlier momentum, leaving the benchmarks largely flat for the week. The downturn was most pronounced in consumer cyclicals, consumer defensives, and the financial sector. Notable laggards included Siemens (-2.9%), L’Oréal (-2.4%), and Banco Santander (-2.3%),…
IronFX, a prominent brand in the forex and contracts for differences (CFDs) industry, has laid off around 10% of its 1,500 workforce, FinanceMagnates.com understands. Sources said the reason behind the move was “efficiency” amid the AI wave. The specific catalyst for the layoffs at IronFX remains unconfirmed by the company, which has been largely unresponsive…
The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the January 28, 2026 low remains in progress, unfolding as an impulsive structure. From that low, wave (1) concluded at 157.72, followed by a corrective pullback in wave (2), which ended at 152.25. The market then advanced into wave (3), developing as an…
Key takeaways Dow’s performance reversal amid geopolitical shock: The Dow Jones Industrial Average shifted from one of the best-performing US indices earlier in 2026 to one of the worst since the start of the US–Iran war 2026, falling 4.7% between 27 Feb and 12 Mar as global risk sentiment deteriorated. Financial sector exposure weighing on…
The US dollar continues to strengthen against major counterparts as markets await important macroeconomic data scheduled for release in the coming hours. Investors are focusing on US GDP figures, the Personal Consumption Expenditures (PCE) price index, and Canada’s labour market statistics. These releases could significantly influence expectations regarding the future policy path of the Federal…
The MENA region is emerging as a major centre for the financial trading industry, and Exness recognises that growth as both a market signal and a business priority. In a recent Finance Magnates executive interview, Mohammad Amer, Regional Commercial Director at Exness, said the MENA region is no longer just participating in global financial markets;…
This EA is designed as a day-trading scalper + Prop Trading EA (MT4+MT5 version available). (This EA could change your life – Check details, Profit, win rate, drawdown ) All positions are closed every night at 23:30, so no trades are held overnight. The main goal of this system is stable intraday profit with controlled…
The Fibonacci Trend Indicator for MT4 tackles this head-on. By combining Fibonacci ratios with trend-following logic, it helps traders distinguish between noise and genuine directional shifts. Rather than relying on gut feeling, traders get visual confirmation when trend strength aligns with key Fibonacci levels. Let’s explore how this tool works and whether it deserves a…
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Dollar climbs with no end in sight for Iran war; yen at 20-month low Source link