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Weak Dollar’s Position Bloomberg writes that the big hedge funds have flipped and are now taking a short position on the dollar in the expectation that the Fed is nearing the end of its cycle of raising interest rates. It is possible that the weakness of the USD against a basket of other currencies is influenced by the announced intentions of the BRICS countries to issue a currency backed by gold. Be that as it may, however, the EUR/USD rate has risen by an impressive 1.5% since the low of July 6, reaching a maximum since May 8. At the same time, the EUR/USD chart shows that: → the price has broken the downward channel upwards (shown in red); → the bulls are so bold that they are trying to break the double SHS pattern formation. 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.

Overview of FXOpen's Best-performing PAMM Accounts of June 2023 At the height of summer, most often there is no desire to think about building an investment portfolio. But if one wants a stable income, one needs to carefully monitor their investments and respond in time to what is happening with their accounts. Investors want to connect only to stable PAMM providers with predictable trading and be able to relax in the summer and not be nervous about drawdowns. In each PAMM review, we select the most profitable accounts of the past month, and investors can evaluate their prospects for their investments. As of July 1, 2023, FXOpen has 116 active accounts with investor funds in the amount of USD 1,671,234.00, according to investflow monitoring statistics. VIEW FULL NEWS VISIT - FXOpen Blog... 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.

GBP/USD Regains Strength, USD/CAD Corrects Lower GBP/USD started a strong increase and retested 1.2850. USD/CAD is correcting gains and trading below the 1.3300 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a steady increase above the 1.2760 resistance. There was a break above a connecting trend line with resistance near 1.2780 on the hourly chart of GBP/USD at FXOpen. USD/CAD declined below the 1.3320 and 1.3300 support levels. It traded below a key bullish trend line with support at 1.3320 on the hourly chart at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair was able to climb above the 1.2720 resistance zone. The British Pound gained strength after it broke the 50-hour simple moving average at 1.2760. During the increase, there was a break above a connecting trend line with resistance near 1.2780. It opened the doors for a move toward the 1.2850 resistance where the bears emerged. A high is formed near 1.2849 and the pair is now consolidating gains. The RSI dipped below the 60 level on the GBP/USD chart and the pair is now testing the 23.6% Fib retracement level of the upward move from the 1.2673 swing low to the 1.2849 high. Immediate resistance is forming near the 1.2850 level. The next resistance is near 1.2880. An upside break above the 1.2880 zone could send the pair toward 1.2950. Any more gains might open the doors for a test of 1.3000. On the downside, initial support is near the 1.2805 area. The next major support is near the 50% Fib retracement level of the upward move from the 1.2673 swing low to the 1.2849 high at 1.2760 and the 50-hour simple moving average. If there is a break below 1.2760, the pair could extend its decline. The next key support is near the 1.2720 level. Any more losses might call for a test of the 1.2650 support. 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 July 3 - 7 Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: TSLA STOCK, USD/JPY, NASDAQ, FTSE 100 DROPS 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. Market Analysis: Wall Street optimistic ahead of inflation news TSLA Stock: Price Chart Analysis. The bull market continues... Market Analysis. USD/JPY: Calm before the storm? NASDAQ Analysis: Index Is at 1-year High! Is It Sustainable? Market Analysis: FTSE 100 drops below June low. What gives hope to the bulls? 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 #weeklyvideo

The Price Has Updated the High of the Year, What's Wrong With That? In an interview with Fox Business, the CEO of Black Rock fund (over $8 trillion under management), Larry Fink, made some positive comments about bitcoin. Briefly: → bitcoin can become a catalyst for the tokenization of various assets and securities, which, in turn, can lead to a revolution in the financial sector; → bitcoin has unique properties that distinguish it from traditional stores of value such as gold. For example, its international recognition. Fink also expressed the hope that the positive experience of cooperation between Black Rock and the SEC will allow the regulator to approve the launch of an ETF based on bitcoin (the application has already been submitted, but Larry did not give forecasts on the timing of its consideration). 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.

Gold Price Struggles While Crude Oil Price Aims Higher Gold price is moving lower below the $1,918 support. Crude oil price is rising as the bulls aim for a move above the $72.20 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to clear the $1,930 resistance and start a fresh decline against the US Dollar. A major bearish trend line is forming with resistance near $1,925 on the hourly chart of gold at FXOpen. Crude oil prices are also moving higher above the $71.50 resistance zone. There is a key bullish trend line forming with support near $70.50 on the hourly chart of XTI/USD at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price struggled to start a fresh increase above the $1,930 resistance. The price started a fresh decline below the $1,918 support. There was a close below the 50-hour simple moving average and $1,912. It tested the $1,910 support zone. A low is formed at $1,902.60 and the price is now consolidating losses above the 23.6% Fib retracement level of the downward move from the $1,927 swing high to the $1,902 low. The price is now facing resistance near the $1,912 level. The next major resistance is near the 50-hour simple moving average at $1,918. It is close to the 61.8% Fib retracement level of the downward move from the $1,927 swing high to the $1,902 low. The main resistance is near a bearish trend line at $1,925 and then $1,930. An upside break above the $1,930 resistance could send Gold price toward $1,938. Any more gains may perhaps set the pace for an increase toward the $1,950 level. Initial support on the downside is near the $1,902 level. The first major support is near the $1,892 level. If there is a downside break below the $1,892 support, the price might decline further. In the stated case, the price might drop toward the $1,880 support. 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.

FTSE 100 Drops Below June Low Earlier we wrote about the reasons for the weak behavior of the UK stock market. Firstly, it is the highest inflation among the G7 countries. Yesterday JP Morgan analysts suggested that the base rate in the UK could be raised to 7% under certain scenarios. And the likelihood of a hard landing for the British economy next year is rising due to the impact of rising borrowing costs on business confidence and rising unemployment. Secondly, this is a decline in commodity prices, which is important for the FTSE 100 index, where the share of oil and mining companies is relatively large. Commodity prices reflect expectations of a global economic growth outlook that has been overshadowed by news from China. There, according to the latest data, activity in the services sector in June grew at the slowest pace in 5 months. 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.

USDJPY Analysis: Calm Before the Storm? There is some lull (consolidation) in the USD/JPY market, which is evidenced by the width of the Bollinger bands, which dropped to the lows of the end of February on the 4-hour chart. Bank holidays in the US in connection with the celebration of Independence Day contributed to the decrease in volatility. However, the calm could be replaced by a storm. The USD/JPY chart shows that the bulls have tested the level of 144 and on the morning of July 5, the rate is gradually rising towards the level of 145 — technically this can be interpreted as a demand force for dollars. Reuters reports the words of Shusuke Yamada, chief forex strategist at Bank of China, who believes that the market expects further weakening of the yen in the medium term. And this is important, because last fall, the level of 145 yen per US dollar was the trigger for intervention by the Bank of Japan. 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 Drops Again While USD/CHF Gains Strength EUR/USD started a fresh decline from the 1.0930 resistance. USD/CHF is rising and might aim a move toward the 0.9015 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0930 resistance against the US Dollar. There is a major bearish trend line forming with resistance near 1.0890 on the hourly chart of EUR/USD at FXOpen. USD/CHF is gaining pace above the 0.8965 resistance zone. There is a key bearish trend line forming with resistance near 0.8980 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair struggled many times near the 1.0930 resistance. The Euro started a fresh decline from the 1.0931 swing high against the US Dollar. There was a move below the 50-hour simple moving average at 1.0890. The bears were able to push the pair below the 50% Fib retracement level of the upward move from the 1.0835 swing low to the 1.0931 high. It seems like the pair might continue to move down considering the RSI is below 35. On the downside, immediate support on the EUR/USD chartis seen near 1.0845. It is close to the 76.4% Fib retracement level of the upward move from the 1.0835 swing low to the 1.0931 high. The next major support is near the 1.0835 level. A downside break below the 1.0835 support could send the pair toward the 1.0780 level. Immediate resistance on the upside is near the 50-hour simple moving average at 1.0890. It is close to a major bearish trend line. The first major resistance is near 1.0920. The next key resistance is near the 1.0930 level. An upside break above the 1.0930 level might send the pair toward the 1.0970 resistance. Any more gains might open the doors for a move toward the 1.1010 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.

What Events Will Affect Your Trading This Week? Despite a quiet start to the week for the US holidays, there is still plenty going on. The Reserve Bank of Australia unexpectedly kept interest rates at 4.1%, sending the Aussie dollar lower before flying back like a boomerang to where it was trading, at 0.6680 against the USD. On Wednesday (21:00), we get to see the minutes of the FOMC's last meeting, where they held rates at 5.25%. However, the market is pricing in at least two more rate hikes by the end of the year, so traders will be looking for clues in the minutes as to if and when this might happen. 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 Resumes Increase While EUR/GBP Faces Hurdle GBP/USD jumped above the 1.2650 and 1.2690 resistance levels. EUR/GBP declined and now trading below the 0.8595 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is trading in a bullish zone above 1.2650 against the US Dollar. There was a break above a key bearish trend line with resistance near 1.2650 on the hourly chart of GBP/USD at FXOpen. EUR/GBP started a fresh decline from the 0.8660 resistance zone. There is a major bearish trend line forming with resistance near 0.8595 on the hourly chart at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh increase from the 1.2600 support zone. The British Pound climbed above the 1.2650 resistance zone against the US Dollar. The bulls were able to pump the pair above 1.2690 and the 50-hour simple moving average. The pair settled above the 61.8% Fib retracement level of the downward move from the 1.2759 swing high to the 1.2591 low. Finally, the pair climbed above 1.2700 but struggled to clear the 1.2720 resistance zone. The pair is now consolidating above 1.2690. The GBP/USD chart indicates that the pair is facing resistance near the 76.4% Fib retracement level of the downward move from the 1.2759 swing high to the 1.2591 low at 1.2720. The next major resistance is near the 1.2745 level. If the RSI moves above 70 and the pair climbs above 1.2745, there could be another rally. In the stated case, the pair could rise toward the 1.2800 level or even 1.2840. On the downside, there is a major support forming near the 50-hour simple moving average at 1.2650. If there is a downside break below the 1.2650 support, the pair could accelerate lower. The next major support is near the 1.2600 zone, below which the pair could test 1.2550. Any more losses could lead the pair toward the 1.2500 support. 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 June 26 - 30 Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: GBP/EUR, AAPL ALL-TIME HIGH, GOLD DROP 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. Market Analysis: Yield curve and stock market downside risks. Alarming signals? GBP/EUR Analysis: GBP makes a sudden dip against EUR. Is a recession finally looming, or is it just a blip? Market Analysis: AAPL share price hits all-time high. Will we see the company's capitalization reach USD 3 trillion? Market Analysis: What made gold drop to 3-month low? 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 #weeklyvideo

EURUSD Analysis: Double Bearish Pattern The EUR/USD chart indicates an interesting situation from the point of view of technical analysis, namely, a “nested” head-and-shoulders pattern. The global bearish SHS pattern is formed by the peaks of February, April, June. The local bearish SHS pattern is formed by three peaks formed in the second half of June. This should give confidence to the bears, who have statistics that indicate the effectiveness of the pattern. Please note that inflation data will be published today: → 12:00 GMT+3: Core CPI Flash Estimate. → 12:00 GMT+3: US Core CPE is an indicator that the Fed pays special attention to. 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/USD and NZD/USD At Risk of Additional Losses Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6750 level against the US Dollar. There is a key bearish trend line forming with resistance near 0.6630 on the hourly chart of AUD/USD at FXOpen. NZD/USD declined heavily below the 0.6125 support zone and tested 0.6050. There was a break above a major bearish trend line with resistance near 0.6070 on the hourly chart of NZD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh decline from the 0.6720 zone. The Aussie Dollar traded below the 0.6670 support to enter a bearish zone against the US Dollar. The pair even settled below the 50-hour simple moving average at 0.6630. A low is formed near 0.6595 and the pair is now consolidating losses. It is testing the 23.6% Fib retracement level of the downward move from the 0.6750 swing high to the 0.6595 low. On the upside, the AUD/USD pair is facing resistance near a key bearish trend line at 0.6630. The next major resistance is near the 61.8% Fib retracement level of the downward move from the 0.6750 swing high to the 0.6595 low at 0.6670. A close above the 0.6670 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6750. On the downside, initial support is near the 0.6595 level. The next support could be the 0.6550 level. If there is a downside break below the 0.6550 support, the pair could extend its decline toward the 0.6500 level. Any more losses might send the pair toward the 0.6440 support. 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.

We will need to remain as a patient trader and start getting the required profits from doing our trades into the markets.

We will need to st art doing our trades slowly so that the risks will remain on the lower side for us.

When we are trading with lower amounts of Risks then our trading will also become more Effective.

We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen

I am mainly doing my trades in the EURUSD and the USDJPY pairs.

We must always prefer to trade with a True ECN Broker.

Changes in Trading Hours for the US Independence Day Dear Traders, Due to the forthcoming US Independence Day public holiday on July 4, 2023, you will experience the following changes in the trading hours schedule (all times are GMT+3): Monday, July 3 Share CFDs: trading till 20:00. Tuesday, July 4 Metal CFDs: XAUUSD, XAGUSD: trading closes at 21:30. Indices CFDs: #J225, #WS30m, #SPXm, #NDXm: trading closes at 20:00. Share CFDs: trading closed. 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.

Hi there, We are excited to announce that we have reached an agreement with FXOpen Markets Ltd to integrate their PAMM service with the Championship. Our primary goal is to encourage individuals, who possess such accounts, to participate in the Championship. Thus, people from all corners of the globe will be able to follow the best strategies of the championship leaders. To accomplish this, we have implemented requirements for new PAMM accounts, which aim to disclose more information about traders in order to build greater trust with potential Followers. Specifically, we now mandate that account names correspond to the actual names of the account holders. Additionally, prospective Masters must complete a survey to verify their relevant experience and capabilities before opening a PAMM account. We expect that in the future each manager will have their own profile with information about them. We took this step to increase confidence in PAMM managers, and we are convinced that this will benefit both participants and followers of the championship. Regards, Sergey Shirko 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.

Gold Drops to 3-Month Low Yesterday, a forum of heads of central banks was held, organized by the ECB, with speeches by Lagarde, Powell, Ueda, Bailey. In general (with the exception of Japan), according to bankers, they intend to maintain a tight monetary policy, not excluding new increases in interest rates, and plan that inflation will continue to decline. Against the background of this information, the price of gold in dollars fell — perhaps because forecasts for lower inflation, according to market participants, reduce the value of gold as a "rescue" asset. 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 : INTERNATIONAL TRUE ECN BROKER Advantages of Trading with FXOpen For the first time in the Forex industry – cryptocurrency trading with Bitcoin, Litecoin, Ethereum, Ripple, Monero, EOS, NEO, Bitcoin Cash Trading accounts to suit every level of experience and investment – ECN, STP, Crypto, Micro The industry's most competitive spreads - from 0 pips Minimum deposit – from $1 Advanced price aggregating ECN technology Maximum leverage up to 1:500 A wide selection of fast and reliable payment options A vast network of regional offices and representatives FXOpen Help The latest economic news, professional market analyses and a Forex calendar Monthly and daily account statements Ultra-fast execution Your choice of trading strategy 100+ Markets offered 2000+ Trading Instruments 16+ Years of Experience 3 Trading Platforms - TickTrader, MetaTrader4, MetaTrader5 50+ FX Spot CFDs 25+ Cryptocurrency CFDs Shares CFDs Index CFDs Spot Metals CFDs Commodity CFDs FXOpen #fxopen #trueECN #fxopeneu #fxopenau #fxopenuk 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.

GBP/JPY Analysis: Highs Since December 2015 The GBP/JPY chart shows that this currency pair is in an uptrend (nearly +17% YTD) which can be explained by differences in economies. While the UK is fighting a rate hike against inflation (which has shown double digits), Japan continues to pursue an ultra-soft monetary policy. Technically, the bulls still have a chance to reach the upper boundary of the channel (shown in blue), where the psychological resistance level of 190 yen per pound passes, but the situation may change: → First, the Japanese authorities are concerned. “We closely monitor the movement of the currency. We will respond appropriately if it becomes excessive,” Vice Finance Minister and Chief Currency Strategist Masato Kanda said today. Recall that the Bank of Japan has already taken interventions in the foreign exchange market to support the yen in September and October last year — and this has yielded results. → Secondly, the bullish momentum for the pound may weaken. Bank of America analysts' forecast for the pound is one of the most pessimistic among the G10. In their opinion, the fight against inflation in the UK will be the strongest, and the risk of a hard landing has increased. 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.