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Market Analysis: A Week of Important News in Full Swing On Tuesday, Australia's central bank raised interest rates from 3.85% to 4.10%. This is the highest value in 11 years. We wrote about the likelihood of this event in a post dated June 2. Speaking on June 7, bank governor Philip Lowe said...

EUR/CHF and USD/CHF Weekly Chart Outlook EUR/CHF is struggling to clear the 0.9960 resistance zone. USD/CHF could gain pace if it clears the 0.9290 resistance zone. Important Takeaways for EUR/CHF and USD/CHF Analysis The Euro is facing strong resistance near 0.9960 against the Swiss...

Market Analysis: "Black Monday" for Crypto Community On June 5, it became known that the SEC filed a lawsuit against the largest cryptocurrency exchange Binance, collapsing the price of bitcoin and other cryptocurrencies. Here is the essence of claims: → improper handling of customer funds...

Gold Price and Crude Oil Price Weekly Chart Outlook Gold price remains supported for more gains above $2,000. Crude oil price is declining and might dive if there is a break below $65.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price rallied toward $2,080 before it...

Market Analysis: AUD/USD Skyrockets Since the beginning of yesterday's trading session, the AUD/USD rate has increased by 1.7%. This is due to the difference in the monetary policies of the Fed and the RBA. On the one hand, Philadelphia Fed President Patrick Harker said on Thursday that it...

AUD/USD and NZD/USD Start Steady Increase AUD/USD is moving higher and might climb further higher above 0.6615. NZD/USD is also rising and might surge toward the 0.6145 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase...

NASDAQ 100 Overtakes Bitcoin This is how prices for popular exchange-traded assets changed from March 1 to May 31: → The price of the NASDAQ 100 increased by almost 20% → The price of the S&P-500 increased by almost 6% → The price of gold increased by almost 7% → The price of bitcoin increased...

EURO STOXX 50 Hits 2-month Low During the first 3 days of this week, the price of EURO STOXX 50 (SX5E) has fallen by more than 3%. This was facilitated by: → lower oil prices on the eve of the OPEC+ meeting scheduled for June 4. The Saudi oil minister urged market speculators to "be careful”...

EUR/USD Remains At Risk While USD/JPY Trims Gains EUR/USD started a fresh decline below the 1.0765 support. USD/JPY rallied significantly above 140.00 and recently started a downside correction. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro is declining and showing...

BTCUSD Analysis: Tweezer Bottom Pattern above $26,121 Bitcoin price continues its bullish momentum from last week after touching a low of $26,121 on May 25, with strong upsides located in the range of $28,500 and $29,000. On the hourly chart: We can clearly see a tweezer bottom pattern...

US Debt Default Date Gets Nearer. Will the Dollar Retain Dominance over the Pound? It’s all so predictable, isn’t it? Politics and suspense go hand in hand, and when it comes to potential cracks in the economy and central monetary policy of the United States, the issuer of the world’s de...

GBP/USD Eyes Fresh Increase While USD/CAD Dips To Support GBP/USD is attempting a fresh increase from the 1.2310 support. USD/CAD is correcting gains and approaching the 1.3585 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound declined steadily from the...

Watch FXOpen's May 22 - 26 Weekly Market Wrap Video Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights in FXOpen's May 22 - 26 Weekly...

EUR/USD Approaches Important Support Yesterday, EUR/USD hit new May’s lows. This week’s latest news contributed to the decline: → Germany's GDP in Q1 2023 decreased by 0.3% compared to the previous three months. German media write about the official start of the recession. → The US economy...

Gold and Crude Oil At Risk of More Losses Gold price is struggling below the $1,967 support level. Crude oil price is also declining and remains at a risk of more losses below $70.75. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to clear the $1,982...

LTCUSD Analysis: Black Marubozu Pattern below $93.46 Bulls couldn’t take control of the market, and after touching a high of $93.46 on 23 May, the LTC/USD pair started moving in a bearish trend, touching a low of $82.60 today in the early Asian trading session. The short-term outlook for...

ETHUSD Analysis: Bearish Harami Pattern below $1,871 Bulls couldn’t take control of the market, and after touching a high of $1,871 on 23 May, the ETH/USD pair is moving in a bearish trend, touching a low of $1,762 today in the early Asian trading session. The short-term outlook for Ethereum...

EUR/USD Turns Red, USD/CHF Bulls in Control EUR/USD started a fresh decline from the 1.0830 resistance. USD/CHF is rising and might aim a move toward the 0.9060 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0845 resistance against...

XRPUSD Analysis: Three White Soldiers Pattern Above $0.4441 Last week, the market sentiment remained indecisive after Ripple price touched a low of USD 0.4441 on May 18 and started to correct upwards, with the prices ranging near a new record high of 1 month. On the hourly chart: The...

BTCUSD Analysis: Bullish Harami Pattern Above $26,394 Bitcoin’s price continues its bullish momentum from last week, and after touching a low of USD 26,394 on May 18, we can see a move towards a consolidation phase, after which we are expecting upsides in the range of USD 28500 and USD 29000...