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The rise of the petro-ruble exposes unstable US Dollar Emerging economies with developed and diversified industry bases are beginning to look toward joining the economic and trade blocs which are not aligned with Europe or the United States, as Argentina becomes the latest to explore joining...

Trading Hours Schedule for Memorial Day 2022 Dear Traders, Due to the Memorial Day celebrations on Monday, May 30th, you will experience the following changes in the trading hours schedule (all times are GMT+3): Monday, May 30 Metals and Commodities CFD: Gold (XAUUSD): 01:00 - 21:30...

ForexCup Trading Championship 2022 Standing position FTC 2022 update 21 May 2022 1. Name: Ebru Goren, Gain: 77.6% Location: Turkey 2. Name: Josue Nauzaya Ngingasa#4, Gain: 32.51%, Location: South Africa 3. Name: Michael Smith#3, Gain: 32.22%, Location: Canada 4. Name: Hong Ling Huang...

AUD/USD and NZD/USD Might Regain Bullish Momentum AUD/USD traded higher but faced sellers near 0.7075. NZD/USD is correcting gains and approaching a key support zone near the 0.6350 level. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh increase from the 0.6850...

#MarketNews THE WORST DAY FOR THE US STOCK MARKET SINCE JUNE 2020 In the S&P 500, only 7 stocks closed higher. The decline could have been triggered by a series of negative company reports. Investors were greatly disappointed by the financial statements of Walmart (shares showed the worst...

EUR/USD Recovers Ground, USD/CHF Could Extend Losses EUR/USD started a decent increase from the 1.0350 zone. USD/CHF is sliding and might extend losses below the 0.9900 support zone. Important Takeaways for EUR/USD and USD/CHF The Euro started a recovery wave from the 1.0350 support zone...

IS THE DOLLAR THAT STRONG? The Wall Street Journal published the article The Dollar Is Winning in a Messy Global Economy—and That Matters in the Fight Against Inflation. The article argues that the strengthening of the US currency can help the Federal Reserve to contain the cost of imported...

GBP/USD Remains At Risk, USD/CAD Eyes More Gains GBP/USD started a major decline below the 1.2300 support. USD/CAD is showing positive signs and gaining pace above the 1.2950 level. Important Takeaways for GBP/USD and USD/CAD The British Pound started a fresh decline from the 1.2400...

Announcing the Winners of Money Managers Forex Contest On April 29th, 2022, FXOpen ended its Money Managers contest, where live and active forex PAMM accounts competed against each other. As was the case with the previous contest, a sole participant emerged victorious, having met all the...

Gold Price Faces Resistance While Oil Price Aims Higher Gold price started a fresh decline from the $1,920 resistance. Crude oil price is rising and might gain pace above the $107 resistance. Important Takeaways for Gold and Oil Gold price started a fresh decline from well above the $1,900...

ETHUSD and LTCUSD Technical Analysis – 12th MAY, 2022 ETHUSD: Double Top Pattern Below $2,450 Ethereum was unable to sustain its bullish momentum last week, and after touching a high of 2,960 on May 4, started to decline heavily against the US dollar. We can see the continuation of the...

ForexCup Trading Championship 2022 Dear FTC participants and followers! Our championship standings are rapidly updating. Ebru Goren moved to the top of the list with a current gain of 78.95%. Congratulations to the contestant for such an impressive result! We are also pleased to welcome a...

EUR/USD Remains At Risk, USD/JPY Might Correct Gains EUR/USD is attempting an upside correction and facing resistance near 1.0550. USD/JPY might correct lower if it trades below 130.00. Important Takeaways for EUR/USD and USD/JPY The Euro started an upside correction from the 1.0500 zone...

FXOpen’s TOP-10 April 2022 PAMM Accounts FXOpen would like to encourage all traders, managers, and investors to enjoy the warm and sunny days! During the active phase of spring, one may feel less inclined to engage in troublesome business, but capital always requires one’s attention and...

FXOpen ACTIVE Members Contest - Season 5 FXOpen is happy to announce FXOpen ACTIVE Members Contest! - Season 5 About FXOpen ACTIVE Members Contest Dear Forex traders, Foreign Exchange market is a rewarding as well as challenging market for both new and aspiring Foreign Exchange traders...

GBP/USD and EUR/GBP: British Pound Remains In Downtrend GBP/USD started a fresh decline from well above the 1.2650 level. EUR/GBP is rising and might attempt an upside break above the 0.8600 resistance zone. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a fresh...

FXOpen ACTIVE Members Contest - Season 4 Contest result Prizes 1st place – US$40 -- heno 2nd place – US$30 -- midoalilio 3rd place – US$25 -- sutan 4th place – US$15 -- Fox 5th place – US$10 -- basim Congratulations to All the Winners in the Contest Note: Prizes will be Deposited into...

AUD/USD and NZD/USD Might Struggle To Recover Losses AUD/USD gained bearish momentum below the 0.7150 support zone. NZD/USD started a major decline after it faced sellers near 0.6565. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh decline after it struggled...

ETHUSD and LTCUSD Technical Analysis – 05th MAY, 2022 ETHUSD: Bullish Engulfing Pattern above $2,750 Ethereum was moving in a bearish phase last week and touched a low of 2,725 on May 1st, after which it entered into a consolidation channel above the $2,750 handle. This week, ETHUSD started...

EUR/USD and EUR/JPY Could Extend Downsides EUR/USD started a fresh decline from the 1.0750 resistance. EUR/JPY could extend downsides if there is a move below the 136.50 support. Important Takeaways for EUR/USD and EUR/JPY The Euro failed to clear the 1.0750 resistance and started a fresh...