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. UK100 Analysis: Stock Market Optimistic Ahead Of Bank Of England News The Hang Seng Index Has Risen By Over 13% In 2 Weeks AUD/JPY Analysis: Aussie Weakens After RBA Decision GBP/USD Bulls Struggle While USD/CAD Regains Strength 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 oppor ..read more

The ICT Silver Bullet strategy offers traders a unique approach to capitalising on market opportunities during specific trading hours. This article explored this advanced strategy, explaining the role of fair value gaps, liquidity, and timeframes and how to implement it. Understanding the ICT Silver Bullet Strategy The ICT Silver Bullet trading strategy is a sophisticated trading methodology developed by Michael J. Huddleston, known as the Inner Circle Trader, or ICT. This strategy is designed to capitalise on specific, high-probability trading opportunities that align with certain times thro ..read more

The EUR/USD currency pair stands as a critical barometer of economic interactions and the relative strength between the Eurozone and the United States. This article delves into the recent history, economic outlooks, and analytical euro-to-dollar forecasts for this major currency pair in 2024 and 2025. Recent EUR/USD History From 2019 to the present, the EUR/USD currency pair has navigated through turbulent economic waters, influenced by a series of global events and differing monetary policies between Europe and the United States. Initially, the euro experienced a gradual depreciation against ..read more

The gold price started a fresh increase above $2,320. Crude oil is recovering and might rise toward the $81.20 resistance zone. Important Takeaways for Gold and Oil Price Analysis Today The gold price started a decent increase from the $2,300 zone against the US Dollar. It broke a key descending channel with resistance at $2,315 on the hourly chart of gold at FXOpen. Crude oil is recovering losses and trading above the $78.55 support. There was a break above a connecting bearish trendline with resistance near $78.40 on the hourly chart of XTI/USD at FXOpen. Gold Price Technical Analysis On ..read more

On May 8, the price of WTI crude oil fell below $77 per barrel for the first time since March 11. But on the morning of May 10, it was above $79 – an increase of almost 3% in less than two days. Several factors contributed to the significant rise in the price of WTI crude oil. According to Reuters, among them: → Increased oil demand from the United States. Data released on Wednesday showed a drop in US crude oil inventories, driven by increased refinery utilisation. → Growing demand from China. Data published on Thursday showed an increase in oil imports. → Ongoing concerns about possible sup ..read more

Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike - 0 votes, cut - 2 votes, unchanged - 7 (0 - 2 - 7); → forecast: 0 - 0 - 9; → previous values: 0 - 1 - 8. For the first time in the current cycle of interest rate hikes aimed at inflation lowering, two members of the Monetary Policy Committee voted in favour of the rate cut. The dovish tone was echoed by Bank of England Governor Andrew Bailey: “It is likely that we will need to cut the bank rate over coming quarters, possibly more so than is curren ..read more

GBP/USD declined below the 1.2550 support zone. USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today · The British Pound started a fresh decline from the 1.2635 resistance zone. · There is a key bearish trend line forming with resistance at 1.2500 on the hourly chart of GBP/USD at FXOpen. · USD/CAD is showing positive signs above the 1.3685 support zone. · There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at ..read more

Following its decision on 7th May, the Reserve Bank of Australia (RBA) opted to maintain the interest rate at 4.35%, despite inflation continuing to decrease at a slower pace than anticipated by the RBA. "I think we still think they’re reasonably balanced with perhaps a little bit of a signal that we need to be very watchful on the upside," RBA governor Michele Bullock said. According to The Guardian, the absence of more aggressive language led to a decline in the Australian dollar. Specifically, on the morning of 8th May, the AUD/USD rate fell below the 0.657 level, whereas on 7th May, the r ..read more

Analyzing the Hang Seng (Hong Kong 50 at FXOpen) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995. According to Reuters, Goldman Sachs representatives noted in a client note that hedge funds were actively buying Chinese stocks – the period from January 23 to 25 saw the largest capital inflow in 5 years. As of the beginning of May, price action suggests that hedge fund purchases are justifiable – with the Hang Seng 50 index (Hong Kong 50 at FXOpen) rising ..read more

In the 1980s, the Turtle Trading system was born from a debate about whether trading skills were innate or could be taught. Richard Dennis and William Eckhardt decided to train novices in their trend-following trading strategies, thus giving rise to the Turtle Trading system. This article explores the Turtle system, exploring its various facets and applications in a modern trading environment. The Origins of Turtle Trading The concept of Turtle Trading emerged from a unique experiment conducted in the early 1980s by two seasoned commodities traders, Richard Dennis and William Eckhardt. Disagr ..read more