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Price of Oil in Tense Anticipation Monday's opening came without any surprises. Despite the news that the Israeli army is moving to a new phase of the operation in Gaza, the price of Brent oil did not change much, trading started around the middle of the Friday candle. The chart shows that...

Watch FXOpen's 23 - 27 October Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: THE YEN WEAKENS, NASDAQ ENTERS CORRECTION, GOLD STABILISES 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...

The Dollar Rises Amid Accelerating Economic Growth in the United States The American currency received support from strong data from the United States. Thus, in the third quarter, gross domestic product increased by 4.9% after increasing by 2.1% earlier, with a forecast of 4.2%, which was the...

Price of Gold Stabilises Near Its 5-month Highs The XAU/USD rate fluctuates around $1,987 – the July high was formed around this price. And having overcome it, the market stabilized, as evidenced by the ADX indicator, which dropped to its minimum for the month. Gold is up about 9% in three...

USD/JPY Analysis: New High of the Year Yesterday, for the first time in 2023, the yen weakened to 150.7 per US dollar. Thus, since the beginning of autumn, the yen has weakened by 3.5%, continuing the trend of 2023, which is due to the difference in the monetary policies of the two countries...

Gold Price Rallies Toward $2K While Crude Oil Price Takes Hit Gold price surged above the $1,960 resistance during the Israel-Hamas war escalated. Crude oil price struggled and declined below the $85.75 support. Important Takeaways for Gold and Oil Prices Analysis Today Gold price...

The US Dollar Resumes Growth Towards the end of the week, the American currency managed to resume medium-term growth. Reversal combinations among commodity currencies were broken, and the pound, yen and euro went to test new lows. The sharp strengthening of the US dollar is most likely caused...

The NASDAQ Index Officially Enters Correction The decline to current levels from the peak of the top of the year, set on July 19, exceeded 10%, which is generally considered to be the trigger for the start of the correction. According to statistics, this is the 70th official correction since...

Despite Strong Report, META Shares Fall 3% Like Google, META demonstrated that the price can fall if the quarterly report is better than expected: → Earnings per share: actual = USD 4.39, expectation = USD 3.63. → Revenue: actual = USD 34.15 billion, expectations = USD 33.56 billion → Number...

Google Report Crashes Stock Price Shares of GOOG and GOOGL fell about 9.5% on Wednesday, wiping Google's parent company's market value by USD 166.64 billion, the fifth-largest decline in capitalization history, according to Dow Jones Market Data. It is noteworthy that the drop occurred as a...

Federal Reserve Signals Prolonged Restrictive Monetary Policy, Impacting Markets Federal Reserve Chairman Jerome Powell's recent announcement underscores the central bank's unwavering commitment to an extended period of restrictive monetary policy, sparking fluctuations in the stock market...

AUD/USD Analysis: The Rate Reacts Sharply to News About Inflation Today in Australia, data from the CPI indicator was published, which came as an unpleasant surprise, indicating that inflation in Australia does not want to decline: Core Price Index was: actual = 5.6%, expected = 5.3%, a month...

EUR/USD Struggles While USD/CHF Turns Red EUR/USD started a fresh decline below the 1.0625 support. USD/CHF is also declining and struggling below the 0.9000 region. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0685 resistance and declined...

FTSE 100 Opens Lower as Barclays' Mixed Results Weigh on Banking Sector London's FTSE 100 index commenced the trading day on a weaker note, driven by a downturn in the banking sector following Barclays' release of mixed financial results. At 8:15 AM, the FTSE 100 dipped by 3.78 points to...

Eurostoxx 50 at Important Support. Production in Europe is Declining As data released this morning showed: → Purchasing Managers' Index (PMI) in France: actual = 42.6, expected = 44.4, a month ago = 43.6. Thus, the index dropped to its lowest level since the panic associated with the spread of...

Cryptocurrency Market Capitalization Sets Year's High Amid the frenzy over expectations that the SEC will approve applications for spot bitcoin ETFs, the cryptocurrency market capitalization reached USD 1.25 trillion this morning, for the first time in 2023. Expectations have increased...

Bitcoin Breaks Psychological Level of $30k On Friday-Sunday, the price of BTC/USD several times exceeded the round level of 30,000, but the excess was short-lived; soon, the price rolled back down. But the pressure of the bulls did not weaken, and since the beginning of Monday, the price of...

GBP/USD Attempts Recovery, USD/CAD Grinds Higher GBP/USD is attempting a recovery wave from 1.2090. USD/CAD is rising and might aim for a move above the 1.3720 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is struggling to gain pace for a...

Watch FXOpen's 16 - 20 October Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: POUND RISES, NASDAQ SEES A DIP, NFLX PRICE SOARS 12%, OIL 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...

Dollar Falls Amid Powell's Dovish Comments Federal Reserve Chairman Jerome Powell's comments at the economic forum were seen as generally dovish. The strength of the US economy and ongoing tight labour markets could justify further rate hikes, Powell said. But he also noted that the recent...