EUR/GBP is eyeing more gains above the 0.8575 resistance zone.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP started a fresh increase from the 0.8500 zone.
There is a major bullish trend line forming with support near 0.8565 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a...
GBP/USD started a downside correction from the 1.3145 zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound is trading in a bullish zone above 1.3080 against the US Dollar.
There was a break below a key bullish trend line with support near 1.3085 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of...
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
On Friday morning the price of silver was USD 24.8. The sharp rise was triggered by the weakening of the dollar on Wednesday, which was influenced by inflation data in the US.
When looking for reasons why silver is stronger than other commodity markets (for example, gold has risen in price by no more than 1.5% over the same period), you may not find satisfying...
The ruling was announced by Judge Analisa Torres of the Southern District of New York. The litigation that lasted more than three years between the US SEC regulator and Ripple Labs ended in favor of the latter, to the great joy of the entire cryptocurrency community.
The head of Ripple Labs, Brad Garlinghouse, thanked everyone who helped the company win the...
NZD/USD is also rising and aiming for a move above the 0.6410 resistance zone.
Important Takeaways for NZD USD Analysis Today
· NZD/USD is gaining bullish momentum above the 0.6355 support.
· There is a key bullish trend line forming with support near 0.6395 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of AUD/USD on...
AUD/USD is showing positive signs and might climb further higher above 0.6900.
Important Takeaways for AUD USD Analysis Today
· The Aussie Dollar started a fresh increase above the 0.6790 and 0.6845 levels against the US Dollar.
· There is a connecting bullish trend line forming with support near 0.6790 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
Whether you're a seasoned trader or new to the world of commodities, understanding the various strategies that are available may play an important role in building a successful trading plan. In this article, we’ll explain three types of commodity CFD trading strategies and provide examples of each that you could get started with today.
Commodity Trading...
The USD/CHF rate fell below 0.87 for the first time since the spring of 2020, when financial market participants saw the Swiss franc as a “safe haven” amid panic associated with the spread of the coronavirus pandemic. Perhaps the demand for the Swiss franc in 2023 is facilitated by geopolitical factors: ongoing hostilities in Ukraine, tensions between the US and...
Yesterday, important data on inflation in the United States was published: the CPI index was 3% in annual terms, this is the lowest value since the beginning of 2021. Thus, inflation is slowing down for the 12th month in a row, approaching the target of 2%.
Markets greeted the news with a surge of volatility — perhaps the quotes win back the expectations that the...
From July 3 to July 7, 15 reputable strategists were interviewed (among them - Bank of America Chief Equity Strategist Savita Subramanian, Charles Schwab Chief Investment Strategist Liz Ann).
9 respondents suggested that the price of the S&P 500 in the 2nd half of the year will fall below current levels. Most of the rest suggested that it would rise, but only...
USD/JPY is declining and showing bearish signs below the 141.20 level.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY is trading in a bearish zone below the 141.20 and 140.20 levels.
· There is a major bearish trend line forming with resistance near 140.20 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at...
EUR/USD started a fresh increase above the 1.0975 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro is rising and trading well above the 1.1020 resistance zone.
· There is a key bullish trend line forming with support near 1.1020 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen,...
The value of the largest cryptocurrency could reach USD 50,000 this year and USD 120,000 by the end of 2024, according to analysts at Standard Chartered, Reuters reports.
Note that earlier, bank analysts predicted that the cost of BTC at the end of 2024 would be USD 100,000, but now they have increased their forecast for the price of bitcoin by 20%, based on the...
Yesterday, the head of the Bank of England, Andrew Bailey, spoke about the need to complete the work on suppressing inflation, which is now higher than in any other major country in the West. Market participants expect that at the next meeting of the Bank of England (it will be held on August 3) a new increase in interest rates will be announced.
Bailey's last...
While not the most glamorous aspect of trading, backtesting is crucial for developing a successful crypto trading strategy. In this article, we’ll explore the importance of backtesting, its advantages and disadvantages, and the different methods available for backtesting your crypto technique.
What Is Backtesting in Crypto?
Backtesting is a method for...
Bloomberg writes that the big hedge funds have flipped and are now taking a short position on the dollar in the expectation that the Fed is nearing the end of its cycle of raising interest rates.
It is possible that the weakness of the USD against a basket of other currencies is influenced by the announced intentions of the BRICS countries to issue a currency...
This week, the reporting season of US companies for the Q2 will begin. Traditionally, the first to report on the results of their activities are large banks:
→ July 14: JPMorgan, Citi and Wells Fargo
→ July 18: BofA and Morgan Stanley
→ July 19: Goldman Sachs
FT analysts suggest that banks will show a large increase in loan losses due to rising interest rates....
