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Brent Oil Price Reaches New December High Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: the S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby...

EUR/USD Extends Rally While USD/JPY Revisits Support EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and...

Market Analysis: Dollar Corrects in Thin Market The American currency is strengthening slightly after Christmas. Thus, the pound/US dollar currency pair retreated from the recent high just above 1.2700 and the US dollar/yen pair found support at 142.00. The euro/US dollar pair is trying to...

2023 In Review: A Look Back At The Highlights Of The Year The year 2023 commenced after two years of economic uncertainty and heavy inflation across Europe and North America, home to leading financial markets, with major currencies such as the euro and the US dollar, and financial hubs...

Solana Is the Fourth Largest Cryptocurrency by Capitalisation. But for How Long? 2023 turned out to be a good year for cryptocurrencies, especially given the depressing mood that reigned at the end of 2022. From the beginning of 2023: Bitcoin increased in price by more than 150% – including...

Watch FXOpen's Market Year Wrap 2023 Video Yearly Market Wrap With Gary Thomson: INDICES, OIL, TECH STOCKS, CURRENCIES, BANKS INFLATION Get the latest scoop on the year's hottest happenings, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most...

Market Analysis: GBP/USD Aims Fresh Increase While EUR/GBP Rallies GBP/USD is attempting a fresh increase from the 1.2610 zone. EUR/GBP is gaining pace and might extend its rally above the 0.8700 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is trading...

USD/CAD, AUD/USD, EUR/USD Analysis: Commodity Currencies Testing Important Marks The penultimate five-day trading period of the past year turned out to be quite successful for commodity currencies. Thus, the AUD/USD pair is approaching the July extremes of this year, the USD/CAD pair has...

S&P 500: Worst Day since September The S&P 500 fell 70.02 points, or 1.47%, to 4,698.35 yesterday, according to Dow Jones Newswires. This is the largest one-day point decline since Thursday, September 21, 2023. Of the 500 stocks in the index, only 19 closed in the green. Of these, Google...

EURUSD Pair May Rise Despite Bank Predictions of Bearish Trend During the middle of 2023, the EURUSD pair witnessed a steady decline that lasted until October, reflecting a prolonged period of challenges for the euro against the US dollar. Since then, there has been a glimmer of hope in the...

Market Analysis: Gold Price Eyes Breakout, Crude Oil Price Recovers Gold price gained traction and climbed above the $2,030 resistance level. Crude oil price is recovering, and it could climb further higher toward the $78 resistance. Important Takeaways for Gold and Oil Prices Analysis Today...

AMZN: Stock Price Ends Year Stronger Than S&P 500 Amazon shares are up approximately 79% year to date in 2023, outperforming the S&P 500. This reflects the company's strong fundamentals: → Amazon's third-quarter results beat Wall Street estimates, helped by growth in its cloud and advertising...

Bank of England Maintains Interest Rates at 5.25% Amidst Global Economic Dynamics In a move that marks the third consecutive instance, the Bank of England has opted to maintain its benchmark interest rates at 5.25% on the 14th of December. While this decision deviates from the recent trend of...

GBP/USD, EUR/USD, and USD/JPY Analysis: Yen and European Currencies Retreat from Recent Highs The sharp decline in the US currency that we observed after the Fed meeting slowed down slightly towards the end of last week. Thus, the pound/US dollar currency pair rebounded from 1.2700, the...

USD/JPY and NIKKEI React to Bank of Japan Decision This morning, the Bank of Japan decided to leave interest rates unchanged at -0.10%. Its head, Kazuo Ueda, stated that: → the chances that the current ultra-loose monetary policy will change in January are very small; → further decisions of...

EUR/USD, GBP/USD, USD/JPY Analysis: Dollar Recovers as Rate Cuts Are Not Expected The dollar rose on Friday after Fed spokesman Williams tempered expectations for a rate cut and reiterated that the central bank remains focused on bringing inflation down to its 2% target. Williams was the first...

Interest Rate ETF Diversifies Trading Portfolio at Poignant Time Electronic trading has never been so advanced. Recently, a wave of demand for diverse instruments has emerged among many traders, and in keeping with such a demand, FXOpen has added 19 new exchange traded funds (ETFs), which are...

USD/CAD Analysis: Rate Reaches Its Minimum in 4 Months On Friday, the rate dropped below 1.366 for the first time since the beginning of August. This was facilitated by fundamental drivers: → The US dollar weakens after the Federal Reserve meeting, which signaled the possibility of lowering...

EUR/USD: Price Is Again Testing Psychological Level of 1.10 An eventful news background creates increased volatility in financial markets. Unlike the Fed, whose rhetoric is becoming softer, Europe's central banks are sticking to plans to maintain tight policies. The ECB said yesterday that...

EUR/USD Resumes Rally While USD/CHF Drops To Support EUR/USD started a fresh increase above the 1.0890 resistance. USD/CHF declined and now struggling below the 0.8700 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro rallied after it broke the 1.0890...