Recent content by FXOpen Trader

Gold Price (XAU/USD) Is Testing an Important Resistance Zone On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle - shown in green), the price of gold dropped...

Watch FXOpen's 6 - 10 May Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: UK100, Hang Seng Index, AUD/JPY, GBP/USD, USD/CAD 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...

Analytical Euro to Dollar Predictions for 2024-2025 The EUR/USD currency pair stands as a critical barometer of economic interactions and the relative strength between the Eurozone and the United States. This article delves into the recent history, economic outlooks, and analytical...

Market Analysis: Gold Price Regains Strength While Crude Oil Price Recovers The gold price started a fresh increase above $2,320. Crude oil is recovering and might rise toward the $81.20 resistance zone. Important Takeaways for Gold and Oil Price Analysis Today The gold price started a...

WTI Oil Price Recovers Quickly From March Lows On May 8, the price of WTI crude oil fell below $77 per barrel for the first time since March 11. But on the morning of May 10, it was above $79 – an increase of almost 3% in less than two days. Several factors contributed to the significant rise...

GBP/USD Analysis: Pound Recovers After the Bank of England Decision Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike - 0 votes, cut - 2 votes, unchanged - 7 (0 - 2 - 7); → forecast: 0 - 0 - 9...

GBP/USD Bulls Struggle While USD/CAD Regains Strength GBP/USD declined below the 1.2550 support zone. USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the...

AUD/USD Analysis: Aussie Weakens After RBA Decision Following its decision on 7th May, the Reserve Bank of Australia (RBA) opted to maintain the interest rate at 4.35%, despite inflation continuing to decrease at a slower pace than anticipated by the RBA. "I think we still think they’re...

The Hang Seng Index Has risen by Over 13% in 2 Weeks Analyzing the Hang Seng (HSI) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995. According to...

Hold the VISION, Trust the PROCESS What a Mitigation Block Is, and How You Can Use It When Trading Forex Learn Forex Trading with FXOpen #learnforex #forextrading #fxopen Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding...

Rivian Stock Goes High as Q1 Report Anticipation Mounts Being a newcomer within a very long-established and somewhat traditional global industry is not easy. The automotive industry is a case in point. It has been over 139 years since Karl Benz managed to successfully produce the first...

The US Labour Market Is Slowing Down. How Could This Impact Major Currency Pair Pricing? A weak employment report in the US contributed to a sharp pullback in major currency pairs, but it hasn't led to a full change in major trends yet. For instance, nonfarm payroll figures showed that: The...

UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with a...

Japanese Yen Goes on Volatility Drive after US Economic Uncertainty Surfaces The Japanese yen has been notably volatile for a long time now, and today, that dynamic continues as the yen made some tremendous steps forward over the course of the Asia Pacific trading session. In today's Asia...

What Did Buffett Say at the Shareholders' Meeting? Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99. Following the meeting, it was revealed that...