EUR/USD: Has the Market Gone Crazy? ● What happened in the market after the US Federal Reserve meeting can be called "the theater of the absurd". As expected, the regulator raised the key interest rate from 0.25% to 0.5% on Wednesday, March 16, for the first time since 2018...
AUD/USD started a fresh increase above the 0.7300 zone. NZD/USD is also showing positive signs and there was a clear move above the 0.6850 resistance. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh increase after it cleared 0.7250 against the US Dollar...
The USD is trading mixed to slightly firmer versus the major currencies overall as the DXY consolidates recent gains...
The next meeting of the RBA will be held early next month. If the global stock and commodity markets do not experience another collapse, then, most likely, before this meeting (March 5), the AUD/USD pair will remain trading in the bull market zone, above the key support levels of 0.7315, 0.7295...
ETHUSD: Bullish Engulfing Pattern Above $2,400 Ethereum ended its bearish phase after touching a low of $2,498 on March 14 and moved into a consolidation channel. On March 15, ETHUSD entered into a bullish phase which pushed its prices above the $2,700 handle in today’s European trading session...
Kremlin comments dismissing yesterday’s reports of major progress in talks with Ukraine has added to the slippage in stocks in early trade. Major bond markets are mostly firmer, with US 10Y yields easing to 2.12% while 2s-10s continues to flatten. WTI crude oil has bounced back to above $99/bbl...
The dollar strengthened immediately after the publication of the decision. The yield on 10-year US Treasury bonds also continued to rise, hitting 2...
The Fed is in a very difficult situation. Its leaders need to tackle the challenge of curbing inflation in a way that doesn't hurt the US economic recovery or trigger a recession. It is widely expected that the rate will be increased by 0.25% in today's meeting...
Heavy losses for global stocks today are driven primarily by further, significant declines in Chinese equities amid aggressive, anti-covid lockdowns and worries that Chinese companies could be exposed to US sanctions if Beijing provides support for Russia’s war effort...
American stock indices are falling, oil prices are falling, and with them the quotes of commodity currencies. Meanwhile, the expected beginning of the normalization of the Fed's monetary policy is causing the dollar to strengthen...
Trends across markets are somewhat mixed but the broader bias is tilting towards risk taking at the start of a busy week. The clear focus remains on the war in Ukraine and, while there has been no relenting in the fighting, the two sides continue to talk, supporting the pro-risk mood...
In addition to the Fed, the meetings of the central banks of Japan and Great Britain will also take place this week. The pound received some support after the publication last Friday of positive macro statistics. In January, British GDP rose from -0.2% to +0.8% (+10% year-on-year, from 6...
Dear Traders, On March 13th, 2022, FXOpen will shift the trading servers’ time forward by one hour from GMT+2 to GMT+3. The change will affect all account types. For ECN, STP, and Micro accounts, it will come into effect as the market opens on Monday, March 14, 2022...
EUR/USD: Mega Event of the Week: US Federal Reserve Meeting ● As expected, the main event of the past week was Thursday, March 10th, thanks to the meeting of the European Central Bank. The interest rate was left at the same level of 0%, and this was no surprise to anyone...
According to the US Department of Labor, the consumer price index (CPI) in February showed an annual increase of 7.9% (against 7.5% in January and economists' forecast of growth by 7.8%), which is the most significant annual increase since January 1982 of the year...
ETHUSD: Head and Shoulders Pattern Below $2,700 Ethereum continued to move in a bearish phase last week, having touched a low of $2,448 on March 7th, after which the prices started to consolidate above the level of $2,500...
Choppy market conditions persist. No progress was made in talks between Russia and Ukraine; the Kremlin said it wants a “friendly, demilitarized” Ukraine. Ukraine, for its part, said it expected Russia to pursue its aggression until it achieved surrender, which will never happen...
Since the opening of today's trading day, oil futures quotes are growing. Thus, the price of Brent oil is trying to overcome the first important resistance level 112.63 (200-period moving average on the 1-hour chart...
Ever since the very first items were made from gold over 3,500 years ago in the ancient Egyptian period, this particular precious metal has been held in high esteem as a means of storing a potentially appreciating physical asset...
