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Market Analysis: Bitcoin Surpasses $40,000 Per Coin December begins extremely optimistically for the cryptocurrency market, resembling: → December 2020, when bitcoin grew by 46.9%; → December 2017, when bitcoin grew by 38.9%; → December 2016, when bitcoin grew by 30.8%. If there are...

EUR/USD, GBP/USD, USD/JPY Analysis: US Dollar Weakens after Fed Chairman's Comments Today, investors are assessing the speech of US Federal Reserve Chairman Jerome Powell, who indicated that the interest rate is currently at a restrictive level, but the regulator allows for the possibility of...

Watch FXOpen's 27 November - 1 December Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: EUROPEAN CURRENCIES, US GDP NEWS, OPEC+, NATURAL GAS PRICES 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...

EUR/USD, GBP/USD, and USD/JPY Analysis: US Dollar Growing Against Euro and Pound The US personal consumer spending price index rose 3% in October from a year earlier, down from the three-month rate of 3.4%, although still above the Fed's 2% target, raising the possibility of an early rate cut...

Market Analysis: UK100 Shows Bullish Signs On the morning of Friday, December 1, the UK stock market index rose to its November highs. This was facilitated by the fundamental background: → among the UK100 growth leaders are shares of companies mining ore and other resources. As metal prices...

The USD/CAD Rate Drops to Its Minimum of 2 Months This morning, 1 USD was selling for less than 1.354 Canadian dollars – for the first time since October 1st. The strengthening of the Canadian dollar and the weakening of the USD was facilitated by the news published yesterday: → Canada's real...

AUD/USD Trims Gains While NZD/USD Extends Increase AUD/USD is correcting gains from the 0.6675 zone. NZD/USD is rising and could extend its increase above the 0.6185 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction...

European Currencies at Strategic Levels The downward trend in the US currency continues to gain momentum. Thus, the euro/dollar pair yesterday tested important resistance at 1.1000, the pound/dollar pair strengthened to 1.2700, and the usd/cad pair fell below 1.3600. A lot of important...

Stock Market Reaction to US GDP News According to data released yesterday, the US economy is growing at a stronger pace than expected. Thus, US GDP in the 3rd quarter increased by 5.3% in annual terms (an increase of 4.9% was expected). Combined with softening rhetoric from the Federal...

BTC/USD Analysis: New High for the Year Shows Bulls Are Indecisive During November, the price of bitcoin increased by approximately 10% in anticipation of the launch of a bitcoin ETF. But the positive sentiment of crypto investors is seriously overshadowed by news regarding Binance: →...

Today OPEC+ May Announce New Oil Production Cuts According to WSJ, the reduction could be 1 million barrels per day. Saudi Arabia is in favour of cuts, but the idea causes disagreements among other members of the organisation. In anticipation of news about the OPEC+ decision, the price of oil...

EUR/USD, GBP/USD, USD/JPY Analysis: US Dollar Falls to Its Lowest Level Since Mid-August EUR/USD The euro strengthened on Monday as the dollar fell on expectations that the Federal Reserve will not raise rates again. Traders this week will have to weigh data on how the US economy performed in...

NASDAQ Composite Index Heralds a Fine Time for Tech Stocks In the ever-fluctuating landscape of financial markets, the NASDAQ exchange, home to some of the world's most prominent technology stocks, has been a bastion of volatility over the past two years. This week, the NASDAQ index continues...

EUR/USD Analysis: Price Reaches the Level of 1.1000 Before yesterday's trading session, the last time 1 euro was 1.1 USD was in the first half of August. The growth of the rate was facilitated by the weakening of the dollar, which occurred against the background of the words of Christopher...

EUR/USD Extends Rally While USD/JPY Nosedives EUR/USD gained bullish momentum above the 1.0930 resistance. USD/JPY is declining and showing bearish signs below the 148.20 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above...

USD/JPY, GBP/USD, and EUR/USD Market Analysis: The US Dollar Continues to Fall The downward movement in the American currency, which began at the end of October, resumed with renewed vigour at the beginning of the current five-day trading period. Thus, the euro/US dollar pair is consolidating...

Natural Gas Prices Fall to More than 2-month Lows Yesterday, XNG/USD quotes dropped below the 2,900 level for the first time since mid-September. This was helped by the fact that the NatGasWeather weather forecasting model late last week showed a cooling trend in December in the US, but this...

Australian Dollar Reaches Its Highest Since Early August Important events regarding AUD took place this morning: → the level of retail sales for the month in Australia unexpectedly fell: actual = -0.2%, expected = +0.1%, a month earlier = +0.9%. → a press conference was held by the head of the...

Market Analysis: Results of Black Friday in Financial Markets As CNN reports, Black Friday brought single-day sales records in the United States. According to Mastercard SpendingPulse, offline sales increased by 1%, and online sales by 8.5%. According to Sensormatic Solutions, store traffic...

GBP/USD Rallies While EUR/GBP Slides Below Support GBP/USD is gaining pace above the 1.2575 resistance. EUR/GBP declined heavily below the 0.8720 and 0.8695 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above...