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Bank of England Maintains Interest Rates at 5.25% Amidst Global Economic Dynamics In a move that marks the third consecutive instance, the Bank of England has opted to maintain its benchmark interest rates at 5.25% on the 14th of December. While this decision deviates from the recent trend of relentless interest rate increases, it falls short of a rate cut, emphasising the central bank's cautious approach to monetary policy. The Bank of England's choice to hold interest rates steady comes as a nuanced response to the prevailing economic climate. In a departure from the trajectory of continuous rate hikes that have characterised the central bank's policy during the course of 2022 and early 2023, the decision to maintain the status quo hints at maintaining conservatism and continuing to aim for the target 2% inflation for 2024. Echoes of the Federal Reserve's Conservative Measures In parallel to the current stance of the United States Federal Reserve, the Bank of England is embracing highly conservative measures by keeping borrowing rates relatively high. Despite the inflation rate in the UK being significantly lower than its double-figure peak over a year and a half ago at the onset of this policy, the central bank remains steadfast in its commitment to a conservative monetary approach. MPC's Forward Guidance The Bank of England's Monetary Policy Committee (MPC) justifies its decision by emphasising the need for continued restrictive borrowing conditions. While the inflation rate has experienced a substantial decline from its earlier peaks, the MPC asserts that the current inflation level remains above the target of 2% set for 2024. This forward guidance underscores the Bank of England's commitment to carefully navigating the delicate balance between economic growth and inflation control. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

GBP/USD, EUR/USD, and USD/JPY Analysis: Yen and European Currencies Retreat from Recent Highs The sharp decline in the US currency that we observed after the Fed meeting slowed down slightly towards the end of last week. Thus, the pound/US dollar currency pair rebounded from 1.2700, the euro/US dollar pair is consolidating after testing 1.1000, and buyers of the US dollar/yen pair found support just below 141.00. GBP/USD The pound/dollar currency pair failed to strengthen above 1.2750 and rebounded to 1.2600. At the moment, the pair is consolidating in a narrow range, which most likely requires a good fundamental impulse to exit. Today at 14:00 GMT+3, data on the index of industrial orders in the UK for December will be published. Also, at 16:00 GMT+3, it is worth paying attention to the speech of Sarah Breeden, a member of the Financial Policy Committee of the Bank of England. Tomorrow, the UK's core consumer price index for November is scheduled to be published. On the GBP/USD charts with higher time frames, the price confidently stays above the alligator lines. If the price breaks above the upper fractal at 1.2790, the price rise may happen. We may consider a breakdown of the upward scenario after the price confidently consolidates below 1.2500. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

USD/JPY and NIKKEI React to Bank of Japan Decision This morning, the Bank of Japan decided to leave interest rates unchanged at -0.10%. Its head, Kazuo Ueda, stated that: → the chances that the current ultra-loose monetary policy will change in January are very small; → further decisions of the Bank of Japan will be based on incoming economic information. Thus, rumors that the Bank of Japan might raise rates from the negative zone did not come true. As a result, the NIKKEI index rose to November highs, and the yen weakened. The 4 hour USD/JPY chart shows that: → The price forms a downward channel (shown in red). The strengthening of the yen against the US dollar, observed since November, was caused by both rumors related to the Bank of Japan and the prospect of a rate cut by the Federal Reserve. → The lower border of the channel pushed the price upward on December 7, indicating support at 141.65. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Trading schedule for the 2023-2024 Winter Holiday period Dear Traders, Please be aware of the trading schedule changes for the Christmas and New Year holiday period (all times are GMT+2): Friday, December 22 Commodities CFDs: UK Brent (XBRUSD) — trading until 22:00. Index CFDs: Australia 200 (#AUS200) — trading until 07:30;Europe 50 (#ESX50) — trading until 23:00;France 40 (#FCHI) — trading until 23:00;Germany 30 (#GDAXIm) — trading until 23:00;Hong Kong 50 (#HSI) — trading until 21:00;UK 100 (#UK100) — trading until 23:00. Monday, December 25 All markets (except Crypto CFDs): trading closed. Tuesday, December 26 Index CFDs: Australia 200 (#AUS200) — trading closed;Europe 50 (#ESX50) — trading closed;France 40 (#FCHI) — trading closed;Germany 30 (#GDAXIm) — trading closed;Hong Kong 50 (#HSI) — trading closed;UK 100 (#UK100) — trading closed. Wednesday, December 27 Index CFDs: Hong Kong 50 (#HSI) — trading starts at 03:15;UK 100 (#UK100) — trading starts at 03:00;Germany 30 (#GDAXIm) — trading starts at 02:15;Europe 50 (#ESX50) — trading starts at 02:15;France 40 (#FCHI) — trading starts at 09:00. Friday, December 29 Commodities CFDs: UK Brent (XBRUSD) — trading until 22:00. Index CFDs: Australia 200 (#AUS200) — trading until 07:30;Europe 50 (#ESX50) — trading until 23:00;France 40 (#FCHI) — trading until 23:00;Germany 30 (#GDAXIm) — trading until 23:00;Hong Kong 50 (#HSI) — trading until 21:00;UK 100 (#UK100) — trading until 23:00. Monday, January 1 All markets (except Crypto CFDs): trading closed. Tuesday, January 2 Index CFDs: Europe 50 (#ESX50) — trading starts at 02:15;France 40 (#FCHI) — trading starts at 09:00;Germany 30 (#GDAXIm) — trading starts at 02:15;Hong Kong 50 (#HSI) — trading starts at 03:15;UK 100 (#UK100) — trading starts at 03:00. All other financial markets will be traded as usual. Please consider this information as you plan your trading and note that the hours above are subject to change. VIEW FULL NEWS VISIT - FXOpen Company News... Disclaimer: This publication represents the News of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

FXOpen announce the release of TickTrader 2.15 FXOpen is delighted to announce the release of TickTrader 2.15, the latest version of the TickTrader trading platform. Read more below about the exciting new features developed to enhance your trading experience with us. Our dedication to providing you with an unparalleled trading experience is reflected in various improvements and bug fixes. You will be prompted to update your terminal to the latest version when you next login, but if you have any questions, please contact our helpful Support team. VIEW FULL NEWS VISIT - FXOpen Company News... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD, GBP/USD, USD/JPY Analysis: Dollar Recovers as Rate Cuts Are Not Expected The dollar rose on Friday after Fed spokesman Williams tempered expectations for a rate cut and reiterated that the central bank remains focused on bringing inflation down to its 2% target. Williams was the first Fed official to speak since a policy meeting last week in which the central bank left its benchmark overnight interest rate unchanged at a range of 5.25%-5.50%. With rates stable, the big shift in the Fed's outlook was due to the possibility of monetary easing next year. Economic data released Friday signalled a pick-up in US business activity but also showed the manufacturing sector continues to struggle. EUR/USD According to the EUR/USD technical analysis, the pair is consolidating around the 1.0900 level. Immediate resistance can be seen at 1.1023, and a break higher could trigger a rise towards 1.1065. On the downside, immediate support is seen at 1.0896, a break below could take the pair towards 1.0855. The euro weakened against the dollar on Friday after the euro zone's contraction in business activity unexpectedly deepened in December. The eurozone's preliminary HCOB manufacturing PMI remained stable at 44.2, missing market expectations of 44.6. Although eurozone manufacturing indicators remained stable, they fell below expected levels. Business activity in Germany, Europe's largest economy, contracted in December, raising concerns about the increased likelihood of a recession by the end of the year. In France, the decline accelerated faster than expected, driven by further deterioration in demand for goods and services in the eurozone's second-largest economy. The previous ascending channel remains. Now, the price has moved away from the lower boundary and may continue to rise. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Interest Rate ETF Diversifies Trading Portfolio at Poignant Time Electronic trading has never been so advanced. Recently, a wave of demand for diverse instruments has emerged among many traders, and in keeping with such a demand, FXOpen has added 19 new exchange traded funds (ETFs), which are tradable on the TickTrader platform as CFDs on an over-the-counter basis. One of the 19 ETFs which have been launched by FXOpen is the Global X Interest Rate Hedge ETF, under the ticker symbol RATE. This ETF is traded on the New York Stock Exchange (NYSE) via the NYSE's Arca system, which is the venue's electronic communication network (ECN) that is used for matching orders as opposed to the NYSE's physical and electronic stock exchange on which specific stocks of companies are traded. The Global X Interest Rate Hedge ETF is an actively managed exchange-traded fund crafted to hedge against rising long-term interest rates. There has been a degree of volatility in the Global X Interest Rate Hedge ETF over recent weeks; therefore, its debut onto the market on the TickTrader platform is poignant. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

USD/CAD Analysis: Rate Reaches Its Minimum in 4 Months On Friday, the rate dropped below 1.366 for the first time since the beginning of August. This was facilitated by fundamental drivers: → The US dollar weakens after the Federal Reserve meeting, which signaled the possibility of lowering interest rates next year. Powell said monetary tightening is likely complete and discussions about cuts are "on the horizon." → On the contrary, the Bank of Canada remains more hawkish. In a speech on Friday, its chief Tiff Macklem said it was too early to consider cutting interest rates as inflation remained stubbornly above target. Also, the weakening of the US dollar could have been influenced by disappointing news about Flash Manufacturing PMI values in the US: actual = 48.2, expectations = 49.5, a month earlier = 49.4. We wrote about bearish signs on the chart back on December 1st. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD: Price Is Again Testing Psychological Level of 1.10 An eventful news background creates increased volatility in financial markets. Unlike the Fed, whose rhetoric is becoming softer, Europe's central banks are sticking to plans to maintain tight policies. The ECB said yesterday that policy easing was not even discussed at its two-day meeting, the Bank of England said rates would remain high for an "extended period," and Norway's central bank even raised rates. This caused the pound and euro to rise sharply yesterday against a weakened USD. However, today is the day of publication of PMI indices in Europe, which show that the economy in Europe is in a difficult situation, as the values are below = 50: → French Flash Manufacturing PMI: actual = 42.0, expected = 43.3, previously = 42.9; → German Flash Services PMI: actual = 48.4, expected = 49.1, previously = 49.6. The publication of PMI values today led to a sharp depreciation of the euro against the dollar, thus a correction occurred after a rally of two days. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD Resumes Rally While USD/CHF Drops To Support EUR/USD started a fresh increase above the 1.0890 resistance. USD/CHF declined and now struggling below the 0.8700 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro rallied after it broke the 1.0890 resistance against the US Dollar. There is a connecting bullish trend line forming with support near 1.0955 on the hourly chart of EUR/USD at FXOpen. USD/CHF declined below the 0.8705 and 0.8665 support levels. There is a key bearish trend line forming with resistance near 0.8665 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.0740 zone. The Euro cleared the 1.0830 resistance to move into a bullish zone against the US Dollar, as mentioned in the previous analysis. The bulls pushed the pair above the 50-hour simple moving average and 1.0890. Finally, the pair tested the 1.1000 resistance. A high is formed near 1.1009 and the pair is now consolidating gains. Immediate support on the downside is near the 1.0955 level. There is also a connecting bullish trend line forming with support near 1.0955. It is close to the 23.6% Fib retracement level of the upward wave from the 1.0777 swing low to the 1.1009 high. The next major support is the 50% Fib retracement level of the upward wave from the 1.0777 swing low to the 1.1009 high at 1.0890. A downside break below the 1.0890 support could send the pair toward the 1.0820 level. Any more losses might send the pair into a bearish zone to 1.0740. Immediate resistance on the EUR/USD chart is near the 1.1000 zone. The first major resistance is near the 1.1020 level. An upside break above the 1.1020 level might send the pair toward the 1.1065 resistance. The next major resistance is near the 1.1080 level. Any more gains might open the doors for a move toward the 1.1150 level. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD, GBP/USD, USD/JPY Analysis: Dollar Falling ahead of Fed Report At the upcoming meeting, the American department is not expected to take steps aimed at changing monetary parameters. At the same time, officials will likely abandon overly hawkish or dovish rhetoric and focus on incoming macroeconomic data. November inflation statistics were published yesterday: as expected, the rate of growth in consumer prices accelerated from 0.0% to 0.1% in monthly terms and slowed down from 3.2% to 3.1% in annual terms, and the figure does not take into account prices for food and energy adjusted from 0.2% to 0.3%. During the day, November statistics on manufacturing inflation will be published in the US: forecasts suggest a further slowdown in annual dynamics from 1.3% to 1.0%, while in monthly terms the indicator may show an increase of 0.1% after -0.5% in the previous month. EUR/USD The EUR/USD pair shows mixed trading dynamics, consolidating near the 1.0785 mark. According to the EUR/USD technical analysis, immediate resistance can be seen at 1.0822, a break higher could trigger a move towards 1.0842. On the downside, immediate support is seen at 1.0750, a break below could take the pair towards 1.0695. Market activity remains subdued as market participants are hesitant to open new positions ahead of the US Federal Reserve's interest rate decision. The ECB will meet on Thursday. It is assumed that the regulator will also not change the parameters of monetary policy, but will indicate further maintaining the key interest rate at 4.50% for a long time. Today, investors will pay attention to the October statistics on industrial production in the eurozone: the indicator is expected to decline by 0.3% after -1.1% in the previous month, and in annual terms it may change from -6.9% to -4.6%. During the week, a trading range formed with boundaries of 1.0723 and 1.0827. Now, the price has moved away from the upper limit and may continue to decline. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Will the BoE Reduce Interest Rates or Not? Markets Appear Nonchalant The Bank of England is expected to keep interest rates at the current level at tomorrow's meeting and is not actively pursuing further increases in the near future. More intriguingly, economists are now contemplating the possibility of a reduction in interest rates in the upcoming new year. This development, if realised, could carry noteworthy implications for both the British public and businesses. The potential shift in policy is anticipated to be welcomed by a broad spectrum of the British populace, encompassing both commercial entities and private individuals. The prospect of reduced interest rates holds the promise of easing financial burdens, particularly on mortgage payments. Such a scenario would likely translate into increased disposable income for the public, empowering them to resume previous spending patterns. Simultaneously, businesses could find relief as lower interest rates would facilitate easier servicing of monthly commitments, allowing for redirected funds towards development, growth, and expansion initiatives. Comparisons with the economic landscape of the United States reveal distinctive differences in approach. While both the UK and the US faced challenges of inflation surges, the UK's inflation rate, though reduced, remains at a level of just over 5.6%. In contrast, the US has achieved a lower inflation rate of 3.2%. Despite this, the Bank of England is diverging from the US policy trajectory by contemplating a departure from further interest rate hikes. A key metric distinguishing the two economies is the national debt, with the UK presenting a substantially lower debt level on both a percentage and per capita basis. Furthermore, the absence of financial institution collapses, a contrast to events in the US earlier in the year, contributes to a relatively more stable financial environment in the UK. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

GBP/USD Analysis: Price Approaches Important Support In November, the 1.25 level acted as resistance, but after a bullish breakout, it began to provide support (as shown by the black arrows). However, recent events are increasing bearish pressure. Among them: → yesterday's news on inflation in the US, the values of which were in line with expectations. It is worth paying attention to Core CPI MoM, the values of which remain equal to 0.3%, or 3.6% in annual terms. This category includes prices for services where inflation is difficult to overcome. So Powell's oft-repeated words that “the path to 2% will be difficult” take on more relevance. Today, by the way, another speech by the head of the Fed is scheduled for 22:30 GMT+3. It will take place after the announcement of interest rates at 22:00 GMT+3, which is expected to remain unchanged. → news today that the UK economy contracted in October. GDP decreased by -0.3%, although -0.1% was expected. This could strengthen the case that the Bank of England at its meeting (tomorrow at 15:00 GMT+3) will signal a faster rate cut than in other countries. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Market Analysis: GBP/USD Dips While USD/CAD Could Extend Gains GBP/USD is moving lower from the 1.2650 resistance. USD/CAD is rising and might aim for more gains above the 1.3620 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline below the 1.2615 support zone. There is a key bearish trend line forming with resistance near 1.2565 on the hourly chart of GBP/USD at FXOpen. USD/CAD is showing positive signs above the 1.3580 support zone. There was a break above a major bearish trend line with resistance near 1.3585 on the hourly chart at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2650 zone. The British Pound traded below the 1.2615 support to move into further a bearish zone against the US Dollar. The pair even traded below 1.2565 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2515 level. A low was formed near 1.2514 and the pair is now attempting a recovery wave. Immediate resistance on the upside is near a key bearish trend line at 1.2565 or the 50-hour simple moving average. It is close to the 50% Fib retracement level of the downward move from the 1.2615 swing high to the 1.2514 low. The first major resistance on the GBP/USD chart is near the 76.4% Fib retracement level of the downward move from the 1.2615 swing high to the 1.2514 low at 1.2590. A close above the 1.2590 resistance might spark a steady upward move. The next major resistance is near 1.2640. Any more gains could lead the pair toward the 1.2700 resistance in the near term. Initial support sits near 1.2540. The next major support sits at 1.2515, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2440. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

USD/JPY, GBP/USD, EUR/USD Analysis: European Currencies in Consolidation Phase, Yen Declining Better-than-expected US labour market data contributed to a sharp rise in the dollar against the yen and commodity currencies. At the same time, the euro and pound fell slightly, while managing to remain above strategic levels. USD/JPY The Japanese currency rose sharply last week as information emerged that the Bank of Japan may soon end its ultra-low rate policy and move on to tightening monetary policy. Investors exited long positions in the US dollar/yen pair, as a result of which the price tested the important range of 142.00-141.00. The latest US employment report for the year was published on Friday, showing an increase in average wages and an increase in new jobs. Indicators above the forecast contributed to the corrective growth of the pair to 146.00. Whether there will be a full resumption of the upward movement in the pair will most likely become clear in the coming trading sessions. Today at 16:30 GMT+3, we are waiting for data on the consumer price index in the United States; a Federal Reserve meeting is scheduled for tomorrow. On the daily USD/JPY chart, the price is below the alligator lines; sales may be a priority. With the appropriate foundation, a resistance test at 146.60-148.00 is possible. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

US CPI Data: Dollar Down As Rate Uncertainty Sustains Volatility As the clock ticks towards 13:30 GMT, financial markets are bracing for the release of the Consumer Price Index (CPI) data for November, a pivotal metric that provides a snapshot of the current state of the United States economy. The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, making it a crucial indicator for gauging inflationary pressures. Against the backdrop of the recent dichotomy in US inflation trends, where rates have reduced from alarming figures in 2021 to a current 3.2%, the forthcoming CPI figures are anticipated to shed light on the continued trajectory. This reduction in inflation, although positive for economic stability, has occurred alongside a somewhat unconventional stance by the Federal Reserve. Traditionally, central banks opt to raise interest rates to curb spending and counteract inflation. However, the US Federal Reserve has maintained a steadfast position in increasing interest rates for over a year, even as inflation trends abate. This seemingly contradictory approach has prompted speculation within financial circles, with analysts debating the motives behind the prolonged interest rate hikes. The anticipated November CPI data is expected to show a 3.1% year-on-year increase, a slight dip from the 3.2% recorded in October. Additionally, annual Core CPI inflation is forecasted to remain steady at 4% for November. These figures will be closely scrutinised to discern any shifts or continuations in the recent trends. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Market Analysis: Financial Markets Waiting for Important News Get ready for a surge in volatility in the coming days, because: → today at 16:30 GMT+3: news will be published on inflation in the USA; → tomorrow at 22:00-22:30 GMT+3: news from the Federal Reserve on the interest rate will be published; → on Thursday: news from the central banks of Europe, Great Britain, Switzerland will be published. Add in geopolitical tensions, the possibility of Biden's impeachment, news on unemployment and retail sales in the US and other factors affecting prices — this week is likely to be very turbulent before financial market participants go on holiday. The greatest optimism reigns in the stock market. The S&P 500 index updated its maximum for the year. Because investors believe that inflation will continue to cool, and over time the Federal Reserve will cut rates, giving new impetus to corporate growth. This expectation is probably already factored into the current price, so deviations from expectations can trigger unexpected price movements. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD, GBP/USD, and USD/JPY Analysis: Dollar on the Rise amid Good US Employment Data The US Federal Reserve will publish its interest rate decision on Wednesday, December 13th. The American regulator is not expected to take steps towards tightening or easing monetary policy, given the strong November labour market report published last Friday. Thus, the number of new jobs created by the American economy outside the agricultural sector increased by 199.0k after an increase of 150.0k in the previous month, while analysts expected 180.0k. At the same time, the unemployment rate decreased from 3.9 % to 3.7%, and the growth rate of average hourly wages accelerated from 0.2% to 0.4%. The dollar was further supported by an increase in the consumer confidence index from the University of Michigan in December from 61.3 points to 69.4 points, which turned out to be significantly higher than expected 62.0 points. EUR/USD According to the EUR/USD technical analysis, the pair shows mixed dynamics, remaining close to 1.0760. Immediate resistance can be seen at 1.0789, a break higher could trigger a move towards 1.0842. On the downside, immediate support is seen at 1.0770, a break below could take the pair towards 1.0714. Activity in the market remains quite low, as investors are in no hurry to open new trading positions ahead of the meetings of the world's leading central banks this week. So, on Thursday, meetings of the ECB, the Swiss National Bank, and the Bank of England will be held. Investors expect all regulators to maintain current monetary policy without changes, and special attention will be paid to the comments of their representatives, as well as the general tone of their statements. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Crude Oil Ends Freefall, but Is It Back in the Black? In the early stretch of December, the WTI Crude Oil market experienced a sudden and substantial downturn, sending shockwaves through the financial landscape. From a robust $77.71 per barrel on November 29, the value plunged to just over $69.64 per barrel on December 6 at FXOpen. Analysts, in response to this decline, have employed dramatic language, with some describing the situation as a 'freefall.' While the recent dip below the $70 mark raised concerns, a mild recovery has been observed, closing trading yesterday on the US market at $71.40 per barrel at FXOpen. Although this figure still falls short of the late November high, it highlights the current volatility in the oil market. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Sharp Change in BTC/USD Price: Causes and Consequences On Monday morning, the price of bitcoin fell sharply. As the chart shows, the BTC/USD rate fell below 42,000 on Monday during the Asian session. According to Coinglass, the decline resulted in about $400 million worth of positions being liquidated by about 100,000 traders on cryptocurrency exchanges. So far, the price has found support around the 41,200 level, where the lower border of the ascending channel lies (shown in blue). What are the reasons for such a sharp decline? From a fundamental point of view, there are no triggers with the media associated with, for example, statements by officials. What then? First of all, the idea comes with low liquidity in the financial markets at the beginning of Monday in the Asian session. A recent example is the gold market, when the price of the metal jumped at the opening of trading to $2,130, but then quickly fell to $2,060. By the way, we wrote on Tuesday that the bears may try to push the price of gold below the psychological level of $2,000. The scenario is still coming true. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Watch FXOpen's 4 - 8 December Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: AUD/JPY, RATE HIKES, S&P 500, WTI Oil 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 news reports and shares his expert insights. AUD/JPY: Rate Falls to Important Support #AUDJPY Will rate hikes end when 2023 ends? #RateHikes S&P 500: Why Santa May Have Problems Rallying #SantaRally WTI oil price drops to lowest level since July #wtioil Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions. FXOpen YouTube Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. #fxopen #fxopenyoutube #fxopenuk #fxopenint #weeklyvideo

NIKKEI Analysis: Japanese Stock Market Outlook In the first half of 2023, the Japanese stock market was dominated by bullish sentiment due to (still) negative interest rates — while the rest of the G7 countries raised their rates to combat inflation. The NIKKEI-225 index grew by 30% in the first half of the year. But then the balance of supply and demand was achieved, judging by the daily chart, where a range was formed (shown in blue), framing the index’s fluctuations in the second half of the year. Judging by the change in the slope of the bullish trend lines, demand was sufficient to maintain the price at the lower limit of the range, but not enough to go beyond the upper limit. The situation is fundamentally reversed. While interest rates in the US, Europe and elsewhere are thought to be near the top, there is growing talk in Japan that the central bank will begin raising them after years of being stuck in negative territory: → Bloomberg: The next meeting of the Bank of Japan will be held on December 19 – speculation is growing that the Bank will move away from negative interest rates as early as this month. → Reuters: 22 of 26 economists (85%) surveyed in November believe the Bank of Japan will abandon its negative interest rate policy by the end of next year. The winding down of ultra-loose monetary policy could have a negative impact on the growth of Japanese companies - accordingly, the growing bearish sentiment is reflected in the index quote. Since the end of November, the NIKKEI 225 has dropped almost 5%. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

AUD/JPY Analysis: Rate Falls to Important Support This morning, the AUD/JPY rate dropped below 95.2 yen per Australian dollar for the first time since late October. The weakening of the AUD was contributed by: → negative news regarding the Chinese economy. The Hang Seng Index set its 2023 low yesterday; → Australian GDP data published yesterday, which is growing at a weaker-than-expected pace. And the strengthening of the yen occurs against the backdrop of expectations of an increase in interest rates in Japan, which intensified according to the statement of the head of the Bank of Japan. Kazuo Ueda said yesterday the central bank has several options for targeting interest rates once it gets short-term borrowing costs out of negative territory. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

S&P 500 Analysis: Why Santa May Have Problems Rallying It is traditionally believed that the Santa Rally occurs at the end of December and the first days of January, but according to many opinions it is acceptable to think that it begins much earlier. At the beginning of December, the values of the S&P 500 index came close to the highs of the year in the area of 4,611, but have declined to date, forming a number of bearish signs: → the candle on November 29 has a long upper shadow — a sign of seller activity; → the same can be said about yesterday’s candle; → candles on December 1-4 form a bearish engulfing pattern; → all of the listed candles form a head-and-shoulders pattern (shown by the letters SHS). That is, the chart indicates activation of sellers near the yearly high — and this is a problem that can affect the so-called Santa Claus rally (the active channel, shown in blue, actualizes the theme associated with the rally). VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

FXOpen Expands Tradable Markets with 19 New ETF CFDs FXOpen is pleased to announce a significant enhancement to our tradable markets by incorporating 19 new Exchange-Traded Funds (ETFs) as Contracts for Difference (CFDs) onto our TickTrader platform. The 19 newly introduced CFDs, encompass a variety of exchange-traded funds, with 17 of them sourced from Global X, a reputable New York-based provider of ETFs traded at the New York Stock Exchange (NYSE) Arca exchange. The NYSE Arca is a cutting-edge Electronic Communications Network (ECN) operated by the New York Stock Exchange. The remaining two ETFs are made available through iShares, which is BlackRock's renowned ETF product range. The ETF CFDs are available for trading with leverage up to 1:5. The inclusion of these additional ETF CFDs underscores our commitment to offering a comprehensive suite of financial instruments and ensuring that you, our valued clients, have all the tools you need to navigate global markets successfully. Read more about the new markets in our latest blog posts, A look at FXOpen’s new ETF CFDs and Your gateway to the Chinese market. VIEW FULL NEWS VISIT - FXOpen Company News... #fxopen #fxopenetf Disclaimer: This publication represents the News of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.