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...
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At the time of publication of this article, EUR/USD is traded near 1.0970 mark, in the zone of almost 2-year lows, below the key resistance levels 1.1570 (EMA200 on the weekly chart), 1.1500 (EMA200 on the daily chart). T oday there is no important news in the economic calendar...
The USD is trading mixed to slightly lower as the Russian invasion of Ukraine and its consequences continue to buffet markets...
The dollar continues to dominate the market. Investors give preference to it against the backdrop of ongoing hostilities in Ukraine. Last Monday, the DXY dollar index topped 99.41, hitting a 21-month high. USD/CHF pair has been trading in ranges since last June, with a wider range between 0...
At the time of publication of this article, AUD/USD is trading near the 0.7405 mark, remaining in the bull market zone above the key support levels of 0.7295, 0.7315...
EUR/USD: The Fate of the Euro Is Decided in Ukraine ● Macro statistics were mixed last week. But few people pay attention to it at the moment. The dynamics of European currencies is determined by what is happening in Ukraine for the second week now...
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Macro data from the UK published earlier this week failed to provide tangible support for the pound. Thus, the volume of consumer lending in January fell from 0.817 billion to 0.608 billion pounds (the forecast assumed an increase to 1.05 billion pounds...
EUR/USD started a fresh decline from the 1.1280 resistance. EUR/JPY is also declining and facing a string resistance near the 128.60 level. Important Takeaways for EUR/USD and EUR/JPY · The Euro started a fresh decline after it failed to stay above 1.1320...
As Philip Lane, chief economist of the European Central Bank, said last Friday, the military conflict in Ukraine could reduce Eurozone GDP by 0.3%-0.4%. In the worst-case scenario, GDP will shrink by almost 1...
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