ICMarkets Direct Discount

[supertrader9]

IC Markets Global is one of the most renowned Forex CFD provider, offering trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets Global offers its clients cutting edge trading platforms, low latency connectivity and superior liquidity.IC Markets Global is revolutionizing online forex trading. Traders are now able to gain access to pricing previously only available to investment banks and high net worth individuals.

Our management team have significant experience in the Forex, CFD and Equity markets in Asia, Europe and North America. It is this experience that has enabled us to select the best possible technology solutions and hand pick some of the best pricing providers available in the market.

When was IC Markets Global Founded?​

IC Markets Global was incorporated by a team of professionals in the financial services industry who were instrumental in the success of one of largest regulated CFD provider.

Why was IC Markets Global Founded?​

IC Markets Global sought to bridge the gap between retail and institutional clients offering a trading solution previously only available to Investment banks and high net worth individuals. IC Markets Global Raw Spread Connectivity was born, providing superior execution technology, lower spreads and unrivalled liquidity.

IC Markets Global is dedicated to innovation, constant improvement and utilising cutting edge technology previously unavailable.

Mission Statement​

IC Markets Global mission is to create the best and most transparent trading experience for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders IC Markets Global is dedicated to offering superior spreads, execution and service.


ICMarkets Direct Discount
If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'
to partners@icmarkets.com

For new accounts (5.5 usd per lot instead of 7 per lot)
https://icmarkets.com/?camp=66066

 

[supertrader9]

ICMarkets Direct Discount
If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'
to partners@icmarkets.com

For new accounts (5.5 usd per lot instead of 7 per lot)
https://icmarkets.com/?camp=66066

 

[supertrader9]

ICMarkets Direct Discount
If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'
to partners@icmarkets.com

For new accounts (5.5 usd per lot instead of 7 per lot)
https://icmarkets.com/?camp=66066


MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Monday, the S&P 500 was down for a second session, as it declined 5 points (-0.11%) to 5,117. The Nasdaq 100 also fell 66 points (-0.37%) to 1,7951, while the Dow Jones Industrial Average closed 46 points higher (+0.12%) at 38,769.

The U.S. 10-year Treasury yield gained 1.2 basis points to 4.100%.

Investors are watching closely February U.S. inflation data, which will be released later today.

Materials, energy and consumer staples stock sectors posted gains, while real estate, consumer discretionary and industrials sectors closed lower.

Meta Platforms (META) fell 4.42%, Nvidia (NVDA) dropped 2.00%, and Amazon.com (AMZN) was down 1.93%.

Buoyed by record-breaking Bitcoin price, Microstrategy (MSTR), which holds the largest amount of Bitcoins among listed companies, chalked an all-time high of $1,657.06 before retreating to close at $1,484.23, still a record close. The company just announced it has boosted its Bitcoin holding to 205,000 using capital raised from issuing convertible notes.

EQT Corp (EQT), a natural gas producer, fell 7.76%, while Equitrans Midstream (ETRN) rose 1.52%. EQT announced its acquisition of Equitrans Midstream for about $14 billion.

Boeing (BA) lost 3.02%, as the U.S. Justice Department started a criminal investigation into a January incident in which a Boeing 737 Max jetliner operated by Alaska Airlines had a portion of the fuselage blown off.

In Europe, the DAX 40 fell 0.38%, the CAC 40 declined 0.10%, while the FTSE 100 closed 0.12% higher.

U.S. WTI crude-oil futures edged up $0.10 to $78.11 a barrel.

Gold price advanced a further $4 to $2,181 an ounce.


MARKET WRAP: FOREX


The U.S. dollar index was stable at 102.84.

EUR/USD slipped 13 pips to 1.0924.

GBP/USD fell 48 pips to 1.2809.

USD/JPY dropped 10 pips to 146.97. Japan's official data confirmed that its gross domestic product grew at an annualized rate of 0.4% in the fourth quarter (vs -0.4% in the previous official estimate, and -2.9% in the third quarter), and therefore the economy avoided a technical recession.

This morning, Japan's data showed that producer prices rose 0.6% on year in February (as expected).

AUD/USD declined 16 pips to 0.6611.

USD/CHF was little changed at 0.8774, and USD/CAD edged up 3 pips to 1.3481.

Bitcoin saw unabating bids, which boosted its price by over 5% to an all-time high of $72,943.

 

[supertrader9]

ICMarkets Direct Discount
If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'
to partners@icmarkets.com

For new accounts (5.5 usd per lot instead of 7 per lot)
https://icmarkets.com/?camp=66066

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Tuesday, U.S. stocks regained some traction, helping the S&P 500 to rebound 57 points (+1.12%) to a fresh record close of 5,175. The Dow Jones Industrial Average rose 235 points (+0.61%) to 39,005, and the Nasdaq 100 jumped 267 points (+1.49%) to 18,219.

U.S. data showed that the inflation rate ticked up to 3.2% on year in February (as expected), and the core inflation rate slowed slightly to 3.8% on year (as expected).

Meanwhile, the U.S. 10-year Treasury yield advanced a further 4.9 basis points to 4.153%.

Technology, consumer discretionary and healthcare stock sectors led the market higher.

Nvidia (NVDA) bounced 7.16% to $919.13 after retreating for two sessions.

Meta Platforms (META) rebounded 3.34%, Microsoft (MSFT) rose 2.66%, and Amazon.com (AMZN) was up 1.99%.

Oracle (ORCL) surged 11.75%. The software company reported better-than-expected quarterly sales.

Kohl's (KSS) lost 6.73%. The department-store chain's full-year sales and earnings forecast missed expectations.

Boeing (BA) slid a further 4.29%. The New York Times reported that, during an audit of the production of the Boeing 737 Max jet conducted by U.S. aviation authorities, the airplane maker failed 33 out of 89 inspections.

At the same time, Southwest Airlines (LUV) tumbled 14.86%, American Airlines (AAL) fell 4.71%, and United Airlines (UAL) was down 1.68%.

European stocks also performed well, with the DAX 40 rising 1.23%, the CAC 40 up 0.84%, and the FTSE 100 up 1.02%.

U.S. WTI crude-oil futures eased $0.17 to $77.76 a barrel. U.S. Energy Information Administration (EIA) raised its 2024 domestic oil output growth forecast.

Gold price retreated $25 to $2,157 an ounce.


MARKET WRAP: FOREX


The U.S. dollar rose slightly against other major currencies, with the dollar index edging up to 102.93.

EUR/USD eased 4 pips to 1.0922.

USD/JPY advanced 73 pips to 147.67.

GBP/USD dropped 22 pips to 1.2794. U.K. data showed that the jobless rate climbed to 3.9% (as expected).

AUD/USD dipped 10 pips to 0.6604. The National Australia Bank (NAB) business confidence index posted at 0 for February (vs -1 expected).

USD/CHF edged down 4 pips to 0.8771, while USD/CAD added 9 pips to 1.3491.

Bitcoin saw a volatile trading session. It marked an all-time high of $73,027 before being sold down to $68,603. It later worked its way back up to $71,700.

 

[supertrader9]

ICMarkets Direct Discount
If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'
to partners@icmarkets.com

For new accounts (5.5 usd per lot instead of 7 per lot)
https://icmarkets.com/?camp=66066

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Thursday, U.S. stocks showed a lack of upward momentum, with the Dow Jones Industrial Average falling 137 points (-0.35%) to 38,905, the S&P 500 dropping 14 points (-0.29%) to 5,150, and the Nasdaq 100 declining 53 points (-0.30%) to 18,014.

The U.S. 10-year Treasury yield continued its recent rally, gaining 9.8 basis points to 4.290%.

U.S. data showed that producer-price growth accelerated to 1.6% on year in February (vs +0.9% expected), and retail sales rose 0.6% on month (vs +0.5%).

The latest number of initial jobless claims dipped to 209,000 (vs 219,000 expected).

Real estate, financials, and utilities stock sectors led the market lower.

Tesla (TSLA) slid 4.12%, and Nvidia (NVDA) fell 3.24%.

On the other hand, Microsoft (MSFT) rose 2.44%, Alphabet (GOOGL) climbed 2.37%, Amazon.com (AMZN) gained 1.24%, and Apple (AAPL) was up 1.09%.

Dick's Sporting Goods (DKS) surged 15.47%. The sporting goods retailer posted stronger-than-expected quarterly earnings.

Dollar General (DG), a discount retailer, fell 5.13%, and Lennar (LEN), the largest homebuilder in the U.S., tumbled 7.64%, as both companies reported lower-than-expected quarterly results.

Under Armour (UA) sank 10.15%. The athletic apparel firm announced that founder Kevin Plank will return to the company to take up the post of chief executive.

In Europe, the DAX 40 declined 0.11%, the FTSE 100 dropped 0.37%, while the CAC 40 was up 0.29%.

U.S. WTI crude-oil futures rose $1.38 (+1.73%) to $81.1 a barrel.

Gold price retreated $11 to $2,162 an ounce.


MARKET WRAP: FOREX


The U.S. dollar regained some strength against other major currencies. The dollar index climbed to 103.34.

EUR/USD fell 62 pips to 1.0884.

USD/JPY increased 51 pips to 148.25.

GBP/USD slid 45 pips to 1.2751. In the U.K., the Royal Institute of Chartered Surveyors house price index improved to -10% in February (vs -15% expected).

AUD/USD dropped 38 pips to 0.6582.

USD/CHF climbed 48 pips to 0.8835, and USD/CAD gained 59 pips to 1.3528.

Bitcoin saw another dramatic trading session. It ran up to an all-time high of $73,835 in Asian hours before tumbling over $5,000 to a low of $68,454 in U.S. afternoon hours. It later rebounded to levels around $71,600.

 

[supertrader9]

ICMarkets Direct Discount
Slash Commissions Further: Enjoy a significant discount, bringing MT4/MT5 commissions down to a miniscule $5.5 per 1.00 Lot round turn from original $7.
CTrader and TradingView Users Rejoice!: Special perks extend to you too, with commissions whittled down to a mere $5.5 per 1.00 Lot round turn from original $6.
Standard Account Boost: Even basic Standard Account holders get a taste of the good life with a generous 0.4 pip discount on spreads, maximizing your profit potential.
If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'
to partners@icmarkets.com

For new accounts
https://icmarkets.com/?camp=66066

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Thursday, though U.S. stocks pared some gains seen earlier in the session, they closed higher, lifting all the three major stock indexes to record closes. The Dow Jones Industrial Average rose 269 points (+0.68%) to 39,781, the S&P 500 climbed 16 points (+0.32%) to 5,241, and the Nasdaq 100 was up 80 points (+0.44%) to 18,320.

The U.S. 10-year Treasury yield dipped 0.2 basis point to 4.269%.

Financial, industrial, energy and basic material stock sectors became market leaders.

Nvidia (NVDA) rose 1.18%, Microsoft (MSFT) climbed 0.97%, and Meta Platforms (META) was up 0.44%.

However, Apple (AAPL) lost 4.09%. U.S. authorities have filed a lawsuit against the tech giant accusing it of monopolizing the smartphone industry.

Micron Technology (MU) jumped 14.13%. The chip maker reported stronger-than-expected second-quarter results and gave an upbeat third-quarter revenue forecast.

Accenture (ACN) fell 9.31%. The global professional services firm lowered its full-year sales outlook.

Reddit (RDDT), a social media platform, soared 48.35% from its initial public offering price of $34 a share on its first day of trading.

Regarding U.S. economic data, the latest number of initial jobless claims fell to 210,000 (vs 216,000 expected). Existing home sales jumped 9.5% on month in February (vs -2.5% expected).

The Philadelphia Fed manufacturing index declined to 3.2 in March (vs -4.0 expected), and the Conference Board leading index edged up 0.1% on month in February (vs -0.3% expected).

European stocks also closed higher, with the DAX 40 rising 0.91%, the CAC 40 up 0.22%, and the FTSE 100 up 1.88%.

U.S. WTI crude-oil futures retreated $0.31 to $80.96 a barrel.

Gold price eased $4 to $2,181 an ounce.


MARKET WRAP: FOREX


The U.S. dollar index rebounded to 104.02.

EUR/USD fell 62 pips to 1.0856. Germany's HCOB manufacturing purchasing managers index declined to 41.6 in March (vs 44.0 expected).

USD/JPY advanced a further 38 pips to 151.63. This morning, Japan's data showed that the core inflation rate accelerated to 2.8% on year in February (vs 2.7% expected).

GBP/USD tumbled 134 pips (-1.05%) to 1.2650. As expected, the Bank of England (BoE) kept its key interest rate unchanged at a 16-year high of 5.25%.

BoE Governor Andrew Bailey said Britain's economy is moving in the right direction for the central bank to start cutting rates.

USD/CHF jumped 111 pips (+1.25%) to 0.8979 after the Swiss National Bank unexpectedly lowered its key interest rate by 25 basis points to 1.50%.

AUD/USD declined 17 pips to 0.6568.

USD/CAD climbed 38 pips to 1.3528.

Bitcoin once ran up to $68,234 before pulling back to $65,500, down over 3% on day.

 

[supertrader9]

ICMarkets Direct Discount

Slash Commissions Further: Enjoy a significant discount, bringing MT4/MT5 commissions down to a miniscule $5.5 per 1.00 Lot round turn from original $7.

CTrader and TradingView Users Rejoice!: Special perks extend to you too, with commissions whittled down to a mere $5.5 per 1.00 Lot round turn from original $6.

Standard Account Boost: Even basic Standard Account holders get a taste of the good life with a generous 0.4 pip discount on spreads, maximizing your profit potential.

If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'

to partners@icmarkets.com

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Friday, the U.S. Nasdaq 100 gained 19 points (+0.10%) to a record close of 18,339. However, the Dow Jones Industrial Average fell 305 points (-0.77%) to 39,475, and the S&P 500 was down 7 points (-0.14%) to 5,234.

On a weekly basis, all the three major indexes closed at all-time highs.

Technology and utilities stock sectors posted gains, while real estate, financial and consumer discretionary sectors were under pressure.

The U.S. 10-year Treasury yield dropped 6.9 basis point to 4.202%.

Nvidia (NVDA) charged 3.12% to $942.89, a record closing level.

Alphabet (GOOGL) was up 2.15%.

FedEx (FDX) soared 7.35%, as the parcel delivery firm's quarterly earnings beat expectations.

On the other hand, Nike (NKE) lost 6.90% after the sportswear company issued a sales warning.

Lululemon Athletica (LULU) tumbled 15.80% as the athletic-apparel designer gave a downbeat result guidance.

In Europe, the DAX 40 rose 0.15%, the FTSE 100 gained 0.61%, while the CAC 40 fell 0.34%.

U.S. WTI crude-oil futures dropped $0.44 to $80.63 a barrel.

Gold price retreated $19 to $2,160 an ounce after hitting a record high in the prior session.


MARKET WRAP: FOREX


The U.S. dollar strengthened further against other major currencies, with the dollar index climbing to 104.41, extending its rebound to a second week.

EUR/USD fell 53 pips to 1.0807. Germany's Ifo business climate index rose to 87.8 in March, exceeding an expected reading of 86.0.

USD/JPY declined 25 pips to 151.36.

GBP/USD dropped 59 pips to 1.2597. U.K. data showed that retail sales were unchanged on month in February (vs -0.5% expected).

AUD/USD lost 58 pips to 0.6511.

USD/CHF dipped 11 pips to 0.8964.

USD/CAD gained 77 pips to 1.3606. Canada's retail sales dropped 0.3% on month in January (vs -0.1% expected).

Bitcoin fell a further 2% to $63,800 on Friday, but rebounded to $66,200 over the weekend.

 

[supertrader9]

ICMarkets Direct Discount

• MT4/MT5: Now only $5.5 per lot, down from $7.
• cTrader and TradingView: Commissions cut to $5.5 per lot, previously $6.
• Standard Accounts: Benefit from a 0.4 pip discount on spreads for increased profits.

If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'
to partners@icmarkets.com

For new accounts
https://icmarkets.com/?camp=66066

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Wednesday, U.S. stocks regained traction, lifting the S&P 500 by 44 points (+0.86%) to a record closing level of 5,248. The Dow Jones Industrial Average jumped 477 points (+1.22%) to 39,760, and the Nasdaq 100 was up 70 points (+0.39%) to 18,280.

Meanwhile, the U.S. 10-year Treasury yield slid 4.6 basis points to 4.188%.

Utilities, real estate, financial and industrial stock sectors led the market higher.

Nvidia (NVDA) fell 2.50%, posting a two-session decline.

Tesla (TSLA) rose 1.22%, extending its rally to a third session.

Merck (MRK) climbed 4.96%. The U.S. Food and Drug Administration (FDA) approved the drug-maker's WINREVAIR treatment for adults with pulmonary arterial hypertension.

At the same time, Moderna (MRNA), a biotech firm, gained 2.96%.

Cintas (CTAS) gained 8.25%. The maker of corporate uniforms raised its full-year result forecast.

Gamestop (GME) tumbled 15.20%. The video-game retailer's quarterly sales fell year on year.

European stocks also closed higher, with the DAX 40 rising 0.50%, the CAC 40 up 0.25%, and the FTSE 100 up 0.01%.

U.S. WTI crude-oil futures added $0.11 to $81.73 a barrel.

Gold price climbed $15 to $2,194 an ounce.


MARKET WRAP: FOREX


The U.S. dollar index was steady at 104.30.

EUR/USD dipped 3 pips to 1.0827.

USD/JPY fell 23 pips to 151.32.

GBP/USD gained 14 pips to 1.2639.

AUD/USD was little changed at 0.6533. This morning, Australia's data showed that retail sales increased 0.3% on month in February (as expected).

USD/CHF stepped up 5 pips to 0.9043, while USD/CAD declined 16 pips to 1.3566.

Bitcoin saw a volatile session. It once surged up to $71,789 moments after the U.S. stock market opened, but then swiftly pulled back down to $68,369. It closed the session at $69,435.

 

[supertrader9]

ICMarkets Direct Discount
MT4/MT5: Now only $5.5 per lot, down from $7.
TradingView andcTrader: Commissions cut to $5.5 per lot, previously $6.
Standard Accounts: Benefit from a 0.4 pip discount on spreads for increased profits.

If you already have an account at ICMarkets. Send an email, 'I would like to ask you to put my icmarkets account under 66066 introducing broker.'

to partners@icmarkets.com
For new accounts
https://icmarkets.com/?camp=66066

EUR/USD Analysis: A Tug of War Between Central Banks

As we approach the end of March 2024, the EUR/USD pair remains a battleground for traders, with key levels at 1.07 and 1.10 drawing significant attention. The European Central Bank (ECB) and the Federal Reserve’s (Fed) potential rate cuts are the primary drivers of volatility, as investors weigh the impact of geopolitical factors and policy decisions on currency strength.

The euro has shown resilience at the 1.07 support level, suggesting a strong buying interest beneath. However, should it break below this threshold, we could witness a considerable sell-off in the US dollar. Conversely, a break above the 1.10 resistance level, near the 200-Week EMA, could signal bullish momentum for the euro.

Traders are keeping a close eye on the ECB’s response to the German economy’s recessionary pressures, which could prompt rate cuts and influence the euro’s trajectory. Similarly, the Fed’s hawkish stance is expected to underpin the US dollar, although three anticipated rate cuts this year could alter the landscape.

In summary, the EUR/USD pair is expected to continue its choppy and range-bound behavior, with the potential for sharp movements if either of the critical levels is breached. As always, traders should remain vigilant and responsive to the latest economic data and central bank communications.