Oil Analysis: Finally, A Bearish Reversal? image The policy of OPEC+ countries to voluntarily reduce oil production was one of the drivers thanks to which the price of WTI oil increased by approximately 40% from its low in June. In such cases, it ...

Daily Market Analysis By FXOpen

Central Bank Week Shakes Up Gold Market image Yesterday, the main event of the week took place — the Federal Reserve meeting, which had a noticeable impact on the market of assets denominated in US dollars. But besides the Fed meeting, there are a ...

Daily Market Analysis By FXOpen

Will Stagflation Persist in the UK? EUR/GBP Volatility May Be an Indicator image In recent years, the United Kingdom has found itself mired in a sea of economic uncertainty, prompting widespread speculation about the dreaded 'R-word'—recession. ...

Daily Market Analysis By FXOpen

S&P 500 Falls amid News from the Fed image Yesterday was an important evening that had an impact on many financial markets. The Federal Reserve (as expected) kept the rate at the same level. According to Powell: → The full effect of tightening the ...

Daily Market Analysis By FXOpen

FXOpen TradingView: Look First. Then Leap image Embrace the unparalleled trading experience with the help of supercharged charting tools from TradingView. FXOpen and TradingView: Available for All FXOpen companies across the world FXOpen - United ...

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EUR/USD Faces Hurdles While USD/JPY Eyes Breakout image EUR/USD started a fresh decline below 1.0715. USD/JPY is rising and might climb further if it clears the 148.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The ...

Daily Market Analysis By FXOpen

Yen and European Currencies Retreat from Previously Reached Lows image Last week, European currencies renewed their recent lows, while the yen and commodity currencies managed to remain in their old ranges. However, this week, everything can ...

Daily Market Analysis By FXOpen

Cryptocurrency Prices Rise on SEC Rumours image Various media outlets report the opinion that SEC Chairman Gary Gensler expressed in a personal conversation. He allegedly intends to approve applications for the creation of ETFs related to the ...

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S&P 500 under Pressure ahead of Federal Reserve Meeting image The decision on the base interest rate will be published tomorrow at 21:00 GMT+3, and Powell will hold a press conference at 21:30. Although most experts, as reported by the media, ...

Daily Market Analysis By FXOpen

Us Dollar Weakens ahead of the Fed Meeting image EUR/USD The euro rose against the US dollar on Friday, boosted by hopes that the ECB is ending its cycle of rate hikes and data suggesting China's faltering economy may be regaining some momentum. ...

Daily Market Analysis By FXOpen

Euro vs Turkish Lira: A Tale of Turbulence and Opportunity image As the summer holiday season drew to a close approximately two weeks ago, tourists from across the globe bid farewell to Turkey, a nation known for its captivating landscapes, rich ...

Daily Market Analysis By FXOpen

USD/CAD Analysis: Canadian Dollar Strengthens Ahead of Inflation News image On September 7, we wrote that the level of 1.365 could serve as resistance, from which the price will form a bearish reversal. As the USD/CAD chart shows, the rate dropped ...

Daily Market Analysis By FXOpen

GBP/USD Extends Losses While EUR/GBP Gains Strength image GBP/USD extended losses and traded below the 1.2465 support. EUR/GBP is rising and might climb above the 0.8615 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The ...

Daily Market Analysis By FXOpen

Watch FXOpen's 11 - 15 September Weekly Market Wrap Video image Weekly Market Wrap With Gary Thomson: GBP/USD, DOLLAR TRYING TO UPWARD, GOLD PRICE EYES RECOVERY. Get the latest scoop on the week's hottest headlines, all in one convenient video. ...

Daily Market Analysis By FXOpen

Market Analysis: The US Dollar Rises on Strong Data image Investors are assessing the August report on consumer prices in the US, which was published the day before and caused a muted market reaction. Thus, the index increased by 0.6% over the ...

Daily Market Analysis By FXOpen

Yuan Retreats from Multi-year Highs on Strong Economic Data image The US dollar index hit its highest level since early March this week, but the yuan is one of the few currencies to rise against the USD over the period. This was facilitated, among ...

Daily Market Analysis By FXOpen

Market Reaction to the ECB's Decision to Raise Rates to 4.5% image According to the ECB report, published yesterday: → Inflation in Europe continues to decline, but will remain too high for too long. → Average inflation is forecast at 5.6% in ...

Daily Market Analysis By FXOpen

Gold Price Eyes Recovery While Crude Oil Price Surges image Gold price is eyeing a fresh increase above the $1,915 resistance level. Crude oil price is surging, and it could climb further higher toward the $92 resistance. Important Takeaways for ...

Daily Market Analysis By FXOpen

Dollar Trying to Resume Upward Movement After Rise in Core CPI image Yesterday's inflation data in the US turned out to be higher than analysts expected. Thus, in general, the level of consumer prices increased by 3.7% year on year, while on a ...

Daily Market Analysis By FXOpen

EUR/AUD Approaches Important Support Zone image Euro currency traders are focused on the ECB meeting, the decision of which will be published today at 15:15 GMT+3. There will be a press conference at 3:45 p.m. According to Reuters, the probability ...

Daily Market Analysis By FXOpen