USD/ZAR Forecast: 17.20 Bull Case vs 15.10 Bear Case
USD/ZAR sits at 15.9672 while platinum is down a third from its January peak. Why the rand rose anyway, and where the 17.20 bull and 15.10 bear cases sit.
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NZD/USD Forecast: 0.6150 Bull Case vs 0.5550 Bear Case
NZD/USD trades near 0.5886 after the RBNZ hiked the OCR to 2.75%. A flat year on the dollar hides a 9.3% kiwi loss to the Aussie. Bull 0.6150, bear 0.5550.
EUR/USD Forecast: 1.2050 Bull Case vs 1.1250 Bear Case
EUR/USD holds 1.1578 with the two-year US-euro spread at 151bp and carry costing a euro long 167 pips a year. Bull case 1.2050, bear case 1.1250, base 1.1500.
USD/CHF Forecast: 0.8620 Bull Case vs 0.7650 Bear Case
The dollar buys 0.81396 francs while Swiss overnight money pays below zero and the Fed pays 3.63%. Where USD/CHF goes next, and the level that breaks the case.
Vantage FX review
Vantage FX review: ASIC, FCA and CIMA-regulated STP/ECN broker with raw spreads from 0.0 pips plus $3 per side, $200 minimum deposit, MT4 and MT5. 4.3/5.
Plus500 review
Plus500 review: LSE-listed market maker regulated by the FCA, CySEC, ASIC, FMA, FSCA and MAS, 2,000+ CFDs and EUR/USD from 0.6 pips. 4/5.
Pepperstone review
Pepperstone review: ASIC and FCA-regulated no-dealing-desk broker, Razor spreads from 0.0 pips plus A$3.50 per side, MT4, MT5 and cTrader. 4.5/5.
IG Markets review
IG Markets review: the oldest and largest retail CFD broker, FCA and ASIC-regulated, 16,000+ markets, EUR/USD from 0.6 pips, IG web, MT4. 4.5/5.
IC Markets review
IC Markets review: ASIC and CySEC-regulated ECN broker, raw spreads from 0.0 pips plus $3 per side, fast execution on MT4, MT5 and cTrader. 4.4/5.
HYCM review
HYCM review: trading since 1977 under FCA, CySEC, CIMA and DFSA regulation, Raw spreads from 0.2 pips plus $4 round turn on MT4/MT5. 4.2/5.
FXTM review
FXTM review: FCA, CySEC and FSCA-regulated broker with ECN spreads from 0.1 pip plus $2 per lot, deposits from $10, strong support, MT4 only. 4.3/5.
FBS review
FBS review: CySEC and IFSC-regulated STP/ECN broker with $1 Cent accounts, leverage to 1:3000 and spreads from 0.5 pips. 3.8/5.
Exness review
Exness review: spreads from 0.0 pips plus $3.5 per side, $1 minimum deposit, instant funding and unlimited leverage. 3.7/5.
eToro review
eToro review: the largest social-trading broker with CopyTrader, real stocks and crypto, FCA. Rated 4/5, weak for active traders.
CMC Markets review
CMC Markets review: LSE-listed since 1989, regulated by FCA, ASIC, FMA, IIROC and MAS, 10,500 markets, EUR/USD from 0.7 pips, $0 minimum. 4.5/5.
ACY Securities review
ACY Securities review: ASIC-regulated ECN broker with spreads from 0 pips plus $5–6 round-turn commission, MT4 only and a $100 minimum deposit. Rated 4.1/5.
FXOpen review
FXOpen review: ECN broker since 2005, spreads from 0.0 pips plus $3 per lot, FCA, CySEC and ASIC regulation, MT4, MT5 and TickTrader. 4.2/5.