Gold Price Corrects Gains and Crude Oil Price Tumbles image Gold price is correcting gains below the $1,980 support. Crude oil prices declined heavily below the $80.00 support and moved into a bearish zone. Important Takeaways for Gold and Oil ...

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BTC/USD Analysis: New High of the Year image The bitcoin rate exceeded USD 36,500 per coin for the first time in 2023. This is fueled by pending approval of Bitcoin ETF applications pending before the SEC. According to the latest information, SEC ...

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EUR/JPY Analysis: New High of the Year image For the first time since 2008, the rate exceeded the level of 161 yen per euro. The strength of the euro and the weakness of the yen are contributed to by different policies of central banks. The ...

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Price of Gold Drops Below $1,950 image This happened for the first time since mid-October, when gold was rapidly rising in price on fears related to the escalation of the military conflict in the Middle East. At the same time, the psychological ...

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Dollar Corrects ahead of Jerome Powell's Speech image Last week's weak jobs report contributed to a sharp rise in major currencies against the US dollar. Market participants assume that weak labour market data will force the Fed to change the ...

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Oil Prices Fall to Lowest Level since July image As the chart shows, the price of WTI oil has dropped below USD 77.50 – the last time prices were this high was in mid-July. The decline in oil prices was contributed to by: → first, easing concerns ...

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EUR/USD Reclaims 1.0700 While USD/CHF Dips image EUR/USD started a recovery wave above the 1.0700 resistance. USD/CHF declined and now struggling below the 0.9010 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro ...

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GBP/USD Turns Green While USD/CAD Eyes Fresh Increase image GBP/USD started a decent increase above the 1.2225 resistance. USD/CAD is recovering and might aim for a move toward the 1.3795 resistance. Important Takeaways for GBP/USD and USD/CAD ...

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US Dollar Falls after Weak Employment Data image The US dollar fell after data showed the world's largest economy created fewer jobs than expected last month, raising expectations that the Federal Reserve is likely to keep interest rates steady ...

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US Economic Conundrum: Will Rising Interest Rates Affect Spending or the Job Market First? image It is a classic economic puzzle akin to the chicken-and-egg dilemma: as interest rates reach their highest levels in over two decades, which vital ...

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S&P 500 Analysis: Best Week of the Year, Despite Bad News from Labour Market image According to Friday's data, in the US: → the unemployment rate rose to 3.9% (expected = 3.8%). The last time the level was this high was in February 2022. → the ...

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AUD/USD and NZD/USD Show Signs of Life image AUD/USD is moving higher and might climb above 0.6450. NZD/USD is also rising and could extend its increase above the 0.5915 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today ...

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The Franc May Continue to Strengthen amid Low Inflation image Today it became known about the level of inflation in Switzerland. Compared to the US, UK, and other countries, Switzerland can boast of a CPI of only 0.1%. The minimal increase in ...

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Bitcoin Updates Its Maximum for the Year image The cryptocurrency market showed a correlation with the stock market, gaining bullish momentum amid softening rhetoric from the Federal Reserve. The price of the main cryptocurrency reached USD 35,900 ...

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S&P 500 Analysis: Powell Adds Bullish Momentum image As expected, the Fed left the rate unchanged. Market participants' attention was focused on Powell's press conference, as he said: → Risks have now become almost balanced; → Inflation ...

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Bank of England's November Interest Rate Decision and Its Potential Impact on the Pound image The British pound faces a crucial test as the Bank of England (BoE) prepares to announce its November interest rate decision. The outcome could ...

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USD/CAD Analysis: New High of the Year image As the chart shows, yesterday, the USD/CAD rate exceeded 1.389 for the first time in 2023. This happened against the backdrop of news regarding the economies of the USA and Canada: → Statistics Canada ...

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Setting FXOpen Servers To Winter Time image Please note that on November 5, 2023, FXOpen will set its trading servers to winter time, i.e., from GMT+3 to GMT+2. The changes are to come into effect at the time of market opening on Monday, November ...

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EUR/USD Resumes Drop, USD/JPY Extends Surge image EUR/USD is again moving lower below the 1.0615 support. USD/JPY surged and broke the 151.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh ...

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FTSE 100 Sees Modest Gains Despite BP's Earnings Dip and GBP Slump image In the early hours of trading, the FTSE 100 exhibited slight gains, although BP PLC's underwhelming performance during this earnings season limited further progress. At 8:15 ...

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