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Watch FXOpen's 12 - 16 February Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: US INFLATION, GBP/USD, GOLD, BITCOIN 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 significant...

TSLA Share Price Rises Sharply amid News of Musk's Increased Stake in the Company According to media reports, Elon Musk has increased his stake in Tesla by more than one and a half times — previously, the billionaire owned approximately 13% of the shares, now he owns 20.5% of Tesla. And...

Gold Price Recovers from Year Lows On Wednesday, the gold price XAU/USD set a year low due to news about inflation in the US, which “does not want” to decline to target levels. As a result, market participants are revising their estimates regarding the price of gold with the prospect that the...

Market Analysis: GBP/USD Attempts Recovery While EUR/GBP Gains Strength GBP/USD is attempting a fresh increase from the 1.2535 zone. EUR/GBP is gaining pace and might extend its rally above the 0.8570 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is...

GBPUSD Technical Analysis – 15th FEB, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD resumed its bullish trend today after touching a low of 1.2541 today in the Asian trading session. We can see a continuous recovery in its levels which broke the resistance barrier of 1.2594 which is a...

EURUSD Technical Analysis – 15th FEB, 2024 EURUSD – Super Trend Bullish Reversal EURUSD resumed its bullish trend today and touched a high of 1.0784, after which we can see some declines in its levels. We can see Super Trend Indicator Bullish reversal signal in the 4-hourly timeframe. We can...

The US Currency Correcting after a Sharp Rise An unexpected rise in the US consumer price index contributed to the resumption of the upward trend in the US dollar. Thus, experts predicted a monthly growth of 0.2% and an annual increase of 2.9%, in reality the monthly figure increased by 0.3%...

Ethereum Price Exceeds $2,800 The last time the ETH/USD price was at this level was in May 2022, which was the start of a massive drop of more than 65% in 1.5 months. However, now the ETH/USD market is dominated by bullish sentiment, for the following reasons: → deployment of the Dencun...

AUD/USD Price Reaction to Labour Market News Provides Important Information for Analysis Australia's unemployment rate rose to a two-year high of 4.1% in January, while employment was little changed although analysts had expected around 25,000 new jobs, data released this morning showed. It...

GBPUSD Technical Analysis – 14th FEB, 2024 GBPUSD – Bullish Trend Reversal AMA20 GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2609 yesterday prices started to fall rapidly touching a low of 1.2535 in the Asian trading session today. We can see Bullish Trend...

EURUSD Technical Analysis – 14th FEB, 2024 EURUSD – Bullish Price Crossover AMA50 EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0793 the prices started to decline rapidly touching a low of 1.0695 today in the European trading session. We can see Bullish...

EURGBP continues to be suppressed during February. Will it rise again? The first few weeks of 2024 have been laden with discussion, analysis and speculation regarding the forthcoming position of the US economy, largely due to the United States authorities having been the first to speak...

GBP/USD Price Declining after Encouraging UK Inflation Data Release After yesterday's disappointing US inflation data, market participants were wary of UK inflation data. But they turned out to be more favorable. → Core CPI: actual = 5.1%, expected = 5.2%, past values = 5.1% → CPI: actual =...

News about US Inflation Shake Markets According to data published yesterday: → Core CPI: actual = 0.4%, expected = 0.3%, past values = 0.3% → CPI: actual = 0.3%, expected = 0.2%, past values = 0.3% Thus, the statistics dealt a blow to the hopes of market participants that inflation in the...

Market Analysis: Gold Price Takes Hit While Crude Oil Price Extends Rally Gold price is declining below the $2,010 support zone. Crude oil price is rising and it could climb further higher toward the $80 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price...

S&P500 has been on a roll, but will it continue? Over the past few months, the S&P 500 index has been growing in value in an almost linear fashion, taking the prestigious North American index, which tracks the performance of the largest companies whose stock is listed on exchanges in the...

EURUSD Technical Analysis – 13th FEB, 2024 EURUSD – Parabolic SAR Bullish Reversal EURUSD had some indecisive moves today where it touched a low of 1.0756, after which we can see the continuation of the Bullish trend. We can see the formation of the Parabolic SAR Bullish reversal in the both...

GBPUSD Technical Analysis – 13th FEB, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD continues its bullish streak today after touching a bottom of 1.2608 in the early Asian trading session. We can see that the resistance of the channel is broken in both the 15-minutes and 1-hourly...

Major Currency Pairs in Consolidation Phase ahead of US Inflation Data Release In mid-February, the volatility of major currency pairs slowed down somewhat. Leading Central Banks have taken a pause in changing monetary policy, and the incoming fundamental data is quite weak for the formation...

Bitcoin Price Exceeds Psychological Level of $50k The last time the BTC price was above $50,000 was in December 2021, making its way to the low around $15,500 reached in November 2022. Reaching the $50,000 level was facilitated by: → waiting for the halving, after which the price of Bitcoin...