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10/06/21 10:53
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Posts
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Charting the Markets - February 6, 2023 FTSE 100, DAX and S&P 500 tiptoe lower following strong US jobs report. EUR/USD and GBP/USD are topping out while EUR/GBP rallies. And gold, Brent crude, and natural gas head lower, as payrolls strengthen the dollar. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
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Natural gas has been in a consistent downtrend over recent months, and Joshua Mahony expects to see this decline continue. Josh therefore favours a short position, with a stop-loss at 2630 and target of 2232. He also looks back at the recent EUR/USD, USD/JPY, aluminium, and USD/CAD trades. Joshua Mahony | Senior Market Analyst, London | Publication date: Monday 06 February 2023
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What do we now know about the economic outlook given the meetings this week at the Federal Reserve (Fed), Bank of England (BoE) and European Central Bank (ECB)? IGTV’s Jeremy Naylor caught up with foreign exchange analyst Richard Snow, from Daily FX, who discussed the potential continuation of the long EUR/USD trade. Jeremy Naylor | Writer, London | Publication date: Friday 03 February 2023
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Question
Guest RWw
Hello!
So I was looking through the charts the other day and noticed something a bit odd. Well actually that IG MT4 platform is showing faulty price action. Something quite different from the Online platform but also other brokers.
The screenshot attached shows IG MT4, IG Online Platform and IC Markets MT4. In that order.
I added the trend line, in black, to highlight even further how the prices and candles don't add up. Notice how the trend line only touches two highs in IG MT4 but on the online platform it touches three tops and does so also in IC Markets MT4.
To highlight further the part where the price action is wrong in IG MT4 I added a red square in IG MT4 chart and a blue square in the charts where the price action is the same(which is also the correct one).
What is going on and how often does this happen?
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