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Gold Price Nosedives While Crude Oil Price Extends Rally

Gold price started a major decline and traded below the $1,785 support. Crude oil price is rising and it is broke the $72.00 resistance zone. Important Takeaways for Gold and Oil· Gold price started a major decline from the $1,800 resistance zone against the US Dollar. · There

EUR/USD and EUR/JPY: Euro Remains At Risk

EUR/USD started another decline below 1.1820. EUR/JPY is also declining and it broke the 129.80 support zone. Important Takeaways for EUR/USD and EUR/JPY· The Euro failed to clear the 1.1880 resistance and started a fresh decline. · There is a key bearish trend line

FXOpen’s TOP-10 August 2021 PAMM Accounts

The world is still struggling to prevent the spread of COVID-19 and mitigate the repercussions of economic activity deterioration. Currency pairs and other trading instruments have become highly volatile. Investors are wary of drastic moves and are choosing the masters who are most likely to adequately assess September’s trading

DAX Index To Add 10 New Companies Ahead of German Federal Election

September 2021 will surely go down in history as the month when the German DAX index went through its biggest reform to date. On September 20th, the index will expand, growing from 30 stocks to 40. One of the reasons behind the change was the need to add more companies

GBP/USD Eyes More Upsides While GBP/JPY Remains At Risk

GBP/USD started a fresh increase above the 1.3800 resistance. GBP/JPY seems to be facing a major resistance near the 152.20 and 152.30 levels. Important Takeaways for GBP/USD and GBP/JPY· The British Pound traded as low as 1.3727 before it started a fresh

AUD/USD and NZD/USD Could Start Fresh Increase

AUD/USD is forming a base above 0.7345 and it could start a fresh increase. NZD/USD might also start a steady increase above the 0.7135 resistance zone. Important Takeaways for AUD/USD and NZD/USD· The Aussie Dollar is forming a decent support base near the 0.

EUR/USD Could Resume Decline While USD/JPY Aims Higher

EUR/USD extended its increase before it faced sellers near 1.1910. USD/JPY is rising and it might revisit the 110.40 resistance zone. Important Takeaways for EUR/USD and USD/JPY· The Euro failed to gain pace above 1.1900 and started a downside correction. · There was a

Eurozone Inflation at 10-Year High Ahead of the September ECB Meeting

Inflation is running hot all over the world, and the Eurozone could not differ. Ahead of the ECB meeting scheduled this Thursday, the inflation rate in the Euro area reached a 10-year high. Unlike the Federal Reserve of the United States, the ECB has only one mandate – price stability. The

Fed Signals Tapering Is Just Around the Corner

The Jackson Hole Symposium ended, and the Federal Reserve’s message is that the tapering of the asset purchases comes sooner rather than later. It was the Fed’s intention to communicate to markets consistently and clearly how and when it will remove the monetary accommodation, and it succeeded, at

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