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EURUSD uptrend shows cracks; bears push for a lower low. Technical signals point to further weakness; close below 1.1550 needed. EURUSD drifted lower on Monday as investors reacted to the US-EU trade deal and growing concerns that the agreement may be less beneficial for the Eurozone economy. The sharp decline confirmed a lower high near … Read more

Earlier, we noted signs of optimism in the Nasdaq 100 index (US Tech 100 mini on FXOpen) as the market anticipated earnings reports from major tech firms. Now, companies such as Alphabet (GOOGL) and Tesla (TSLA) have already released their results (we previously covered their charts → here and here). Up next are the most … Read more

The EUR/USD pair tumbled to 1.1579 by Tuesday, marking its sharpest intraday decline since 6 November last year. The euro’s plunge followed the announcement of a new trade agreement between the US and the European Union, which imposes a 15% tariff on most European goods – a move set to significantly benefit the American economy. … Read more

The US Dollar Index (DXY) has risen to its highest level since early July. According to media reports, the bullish sentiment in the market is driven by the following factors: → Optimism around US trade agreements. A new trade deal with the EU — which includes a 15% tariff on European goods — is being … Read more

Market Overview The crypto market lost 1%, falling back to a capitalisation of $3.9 trillion. This was a natural pullback against the backdrop of the dollar’s impressive strengthening the day before. However, on Tuesday, the bulls were back in charge, bringing the market back to a level above Monday’s opening but not yet reaching its … Read more

The British pound is down for a fourth straight day, as the US dollar is showing strength against most of the majors. The pound has declined 1.5% in the current slide. In the European session, GBP/USD is trading at 1.3338, down 0.10% on the day. The pound fell as low as 1.3315 earlier, its lowest … Read more

Strong rally in past three days started to run out of steam on Tuesday, as daily action was so far shaped in long-legged Doji candle that signals indecision. Bulls show signs of fatigue after retracing over 76.4% of 149.18/145.85 bear-leg and hitting recovery high just under key near-term support at 149.18 (July 16 peak), where … Read more

The Australian dollar is down for a fourth straight day. In the European session, AUD/USD is trading at 0.6497, down 0.36% on the day. The Aussie has slipped 1.5% in the current slide, as the US dollar continues to make inroads against most of the major currencies. Australian CPI expected to ease to 2.2% Australia’s … Read more

The central event of the current week is the Fed meeting, which has the potential to create significant market movement and set the tone for the coming months. Although there is virtually no chance of a rate cut at the end of July, investors and traders will be closely watching for signals in an attempt … Read more

Markets EUR/USD weakness continues to prevail in the wake of the trade agreement with the US, be it in choppy trading. The common currency wiped out early losses in the European session only to stack them up again in early US dealings. A buy-the-rumour, sell-the-fact correction was nevertheless inbound after failing to move beyond the … Read more