Search results

Dollar Declines as Labour Market Cools EUR/USD The euro stabilised against the dollar on Thursday as optimism around the peak of policy tightening and possible rate cuts driven by easing inflation in major economies faded. During the week, inflation data from the US and UK fueled hopes that...

Citi Analysts Expect Brent to Reach $73 in 2024 Since the beginning of November, the price of Brent oil has decreased by more than 5%. This is due, among other things, to easing concerns about the escalation of the military conflict in the Middle East. According to the latest news: → Reuters...

The Dollar Falls amid Falling Inflation in the US Corrective sentiment prevails in the market, as traders take profits on long positions against the backdrop of a rapid decline in the US dollar after the publication of October inflation statistics. Thus, the consumer price index in October...

Sterling Makes Modest Gains Following Cabinet Reshuffle by PM Rishi Sunak In a move that echoed through financial markets, British Prime Minister Rishi Sunak undertook a cabinet reshuffle on Monday, elevating former Prime Minister David Cameron to the position of foreign minister while...

Important News on US Inflation Rock Financial Markets According to data published yesterday, the actual CPI value was = 3.2%, expected = 3.3%, previous value = 3.7%. The Core CPI value also dropped from the previous value = 0.2% to the current value = 0.1%. Thus, inflation in the United...

EUR/USD Rallies Post US CPI While USD/JPY Takes Hit EUR/USD started a fresh increase above the 1.0775 resistance. USD/JPY is declining and showing bearish signs below the 151.00 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro is rising and trading well above the...

Major Currency Pairs in Correction Phase After a sharp strengthening of the American currency at the end of the week, the main currency pairs entered the correction phase. The dollar's rise was largely due to the hawkish statements of Jerome Powell. The head of the Federal Reserve said that if...

London Markets Anticipate Opening Decline with Focus on US Inflation and UK Jobs Data As investors remain attuned to the imminent US inflation report and scrutinise the latest UK jobs data, London stocks are poised to open on a downward trajectory. The FTSE 100 opened approximately 10 points...

Morgan Stanley Analysts Raise Forecasts for S&P 500 According to them: → the price of the S&P 500 index will reach 4,500 at the end of the year (previous forecast = 4,200); → the dollar will continue to remain strong. According to Goldman Sachs analysts, published yesterday, the price of the...

BTC/USD Analysis: JP Morgan Analysts Warn of a Possible Correction Last week, the BTC/USD rate rose to the level of USD 38k per coin on the excitement associated with the expected launch of a spot Bitcoin ETF. However, as the week begins, bitcoin price performance shows signs that the hype...

Dollar Falls against Euro and Rises against Yen Last week, markets analyzed the results of the speech of US Federal Reserve Chairman Jerome Powell at a meeting organized by the International Monetary Fund (IMF). Representatives of the American regulator doubt that borrowing costs have reached...

Bank of England Initiates Stress Test In Aftermath of Liz Truss Budget Disaster In a groundbreaking move, the Bank of England has called upon more than 50 financial institutions in the City to conduct a comprehensive stress test, simulating the repercussions of a sudden and drastic movement in...

EUR/GBP Analysis: Price Reaches 6-month High In the fall of 2023, bullish sentiment developed in the EUR/GBP market: since September 1, the rate has risen by more than 2%, price dynamics have formed an ascending channel (shown in blue). Moreover, on Friday, the price reached its highest in...

GBP/USD Dips Again While EUR/GBP Gains Strength GBP/USD started a fresh decline from the 1.2430 resistance zone. EUR/GBP is rising and might climb above the 0.8755 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the...

Watch FXOpen's 06 - 10 November Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: OIL FALLS, S&P500’s BEST WEEK, GOLD DROPS, EUR/JPY: NEW HIGH 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...

ETH/USD Growing Rapidly on News from BlackRock As it became known, BlackRock has filed an application with the SEC for an ETF based on spot Ethereum. Information about the iShares Ethereum Trust appeared on the Nasdaq website. If such an expression is acceptable, the price of the second...

Gold Price Corrects Gains and Crude Oil Price Tumbles Gold price is correcting gains below the $1,980 support. Crude oil prices declined heavily below the $80.00 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to settle...

BTC/USD Analysis: New High of the Year The bitcoin rate exceeded USD 36,500 per coin for the first time in 2023. This is fueled by pending approval of Bitcoin ETF applications pending before the SEC. According to the latest information, SEC representatives are in contact with the Grayscale...

EUR/JPY Analysis: New High of the Year For the first time since 2008, the rate exceeded the level of 161 yen per euro. The strength of the euro and the weakness of the yen are contributed to by different policies of central banks. The European Central Bank's chief economist said on Wednesday...

Price of Gold Drops Below $1,950 This happened for the first time since mid-October, when gold was rapidly rising in price on fears related to the escalation of the military conflict in the Middle East. At the same time, the psychological level of USD 2,000 per ounce demonstrated its...