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
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...
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...
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
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...