Ophiuchus Release
Hereby list all the changes/fixes for each version of Ophiuchus of the release. Ophiuchus EA Update v5.1 Improve Mobile Notification…
2024 CNY Lucky Draw Contest
Due to overwhelming support from our clients, FBS is happy to sponsor again for our 2024 CNY Lucky Draw Contest.…
Step-by-Step to setup CopyCat
In this step-by-step, we will use the account samples as follows.
- A sender account -123456, USD2,000 with Ophiuchus EA running
- A new receiver account – 456789, USD 4,000 with no other EA running.
Step-by-step to install FxBlue QuickChannel Library
The following are the steps to install FxBlue QuickChannel into your MetaTrader 5.
Avoid Trading On News
What moves the Forex price? For stocks, it is probably a lot more obvious. The company is getting good growth, they launch new products that might get more market share, and the growth of their earnings per share might impact the stock price positively. How about forex? It’s a currency between two countries or multiple countries ( eg. EURUSD is Europe vs United States). The reason to move the price could be a new policy from a government of the currency, some VIP mentioning something in a public speech, political and subtle changes in the region or nearby countries, or an announcement of a recent economic indicator.
EURUSD/AUDCAD Market Update and Holiday Season Update 17 Dec 2023
This week, the US Fed turned dovish and all risk assets like Commodities, Stocks, and EURUSD have a very strong rebound. Two weeks ago, Powell stated stating they are not sure whether the interest rate is tight enough. ironically, now they are saying they are discussing reducing interest rates in 2024.
EURUSD Market Update 10 Dec 2023
Last week, NFP surprised the market by having higher-than-forecast results. NFP turned out to be 199K instead of the forecast of 180K. The US unemployment rate also reduced to 3.7%, better than the consensus of 3.9%. These number has proved that the US job market is still hot.
This week, we will have the most eventful week in December.
EURUSD and AUDCAD Market Update 2 Dec 2023
Last week, EURUSD was volatile and it broke 1.10 and then it dropped back to 1.08. This week we have a few important news announcements for EURUSD and AUDCAD.
EURUSD Market Update 12 Nov 2023
Last week, Australia’s RBA became the first developed country to raise interest rates after a short period of pause for interest rate hikes. This we have US CPI and PPI announcements. On the European side, they also have their CPI announcement this week.
AUDCAD Market Update 5 Nov 2023
Last week, FOMC decided to keep their interest as it is. The comments from US Fed Chairman Powell were quite dovish, which resulted big bounce from EURUSD and break 1.07 level. This week, we have Australia’s RBA Interest rate decision.