Daily Technical Analysis FXOpen

[radex78]

FXOpen Continues Global Expansion with Acquisition of AMB Prime

FXOpen UK is delighted to announce the acquisition of AMB Prime Ltd, the Cyprus based broker. The new European entity will operate under the name FXOpen EU and will commence operations on 17th August 2020.

This development demonstrates our commitment to become a leading broker in UK and Europe. By acquiring AMB Prime Ltd, a long-established, full-scope broker authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), it enables us to strengthen our brand presence in Europe. Alongside expansion, we are also investing in our trading platforms and core product suite to continue improving trading conditions for our clients. Notably, the most recent enhancements are the addition of further liquidity providers into our ECN, enabling tighter spreads and deeper liquidity, coupled with a reduction in commission charges.

Commenting on the acquisition, Gary Thomson, Chief Operating Officer of FXOpen UK comments ‘It’s an exciting time for FXOpen UK. We are delighted to expand our presence in Europe, which alongside the UK, is our key target market. An injection of capital into the business has enabled us to continue our expansion plans, which means regardless of any potential regulatory changes, we can ensure a seamless continuity of service to our current European clients, whilst continuing to expand our offering and grow our client base, both retail and institutional.”

Leading the new office in Cyprus, Maria Markidou, Director of AMB Prime Ltd, who will continue in her role at FXOpen EU, follows with “I am delighted and honored by the opportunity to be a part of the FXOpen team and head the European division. I look forward to working for a global forex broker that is focused on its clients, services and technology solutions. I am confident that we can build on these grounds and through investment enhance the brand in Europe and our clients’ experience.”

From 17th August, www.fxopen.eu will be available to accept clients searching for ultra-fast execution, tight spreads, low commissions and 5 star customer service from a multi-regulated broker. FXOpen EU will offer the new ground-breaking proprietary trading platform TickTrader, alongside other platforms.

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen​

 

[radex78]

FXOpen Switches its Trading Servers to Summer Time (GMT+3)

Dear traders,

On March 14th, 2021 FXOpen will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3.

The change will affect all types of FXOpen trading accounts. Summer time will take effect starting with the market opening on Monday, March 15th 2021.

In Crypto accounts, where trading is available during the weekend, traders will experience the change immediately after it occurs, on Sunday, March 14th, 2021.

The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, keep this in mind when planning your trading and do not forget to adjust the time settings in your Indicators and Expert Advisors.

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen​

 

[radex78]

The Main Intrigue of the Gold Market in 2021

To understand the main intrigue of the gold market in 2021, it is necessary to go back to the recent past, in 2008-2009.

Back then, the financial crisis broke out and the stock market index (shown by the green zigzag) went down (1). To remedy the situation, the US Federal Reserve dropped the rate from 5.25% to 0.25%, and the authorities of other countries began to pour money into the economy. Gold reacted with a steady uptrend (2), which lasted until mid-2011, when the price of gold reached $1,900 per ounce on the exchange.

Then the economy recovered and the stock index went up (3). Capital flowed from the “safe golden haven’ to the shares of companies. Gold lost its relevance as a protective asset in crisis times, and its price was gradually falling (4). In 2016, the Fed cautiously raised the interest rate from 0.25% to 0.5%.

The crisis, which began in 2020 because of the coronavirus, has common features with the events of 2008-2009. Stock indexes experienced panic declines (5), the Fed lowered the interest rate to the “crisis level” of 0.25%, and the economy is flooded with money again. In theory, investors should expect an uptrend in the gold market, but the opposite is happening (6).

The investment company BlackRock ($8.7 trillion in management) states:

Gold is doing less and less well as a hedge against movements in other markets and against inflation. Gold is a good saving instrument, but this is only for very long periods like centuries. It is less attractive on shorter investment distances.

So gold no longer serves as a “safe haven”?

This is easy to believe, given that cryptocurrencies began to compete with gold in 2020-2021.

On the other hand, we can assume that gold has already played its role as a hedge, exceeding the level of $2,000 per ounce in August 2020. And now it is declining, as it was in 2012-2013. It is just the authorities acted more aggressively in the pandemic,, and the surge of precious metals prices and the recovery of the index happened much faster.

Nevertheless, gold still has a chance to show itself as a reliable store of value. And the matter is in the uncertainties:

• How the pandemic that still rages will unfold? [/b]
• How will the scenario of its development affect the world economy?
• What side effects will unprecedented cash injections bring?
• Inflation expectations remain high. And it takes a year or two to experience them fully.
• Will gold be able to put this scenario through by showing a noticeable period of price growth? The year 2021 will tell. This is the intrigue of the gold market.

This forecast represents FXOpen Markets Limited opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Markets Limited products and services or as financial advice.

#money #XAUUSD #XAU #finance #investing
#marketnews #gold

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen​

 

[radex78]

FXOpen Adds New Instruments with FXOpen Markets

Dear traders,

We are happy to announce that as FXOpen clients you will get even more possibilities for advanced trading. We constantly monitor market news and customers' requests to put traders' interests first. Observing the growing demand for trading “Top Pick” instruments, we are introducing the following positions in FXOpen Markets:

• SPDR S&P 500 ETF Trust (SPY);
• Global X Lithium & Battery Tech ETF (ICLN);
• iShares Global Clean Energy ETF (ICLN);
• Vale SA (VALE);
• BlackBerry Ltd (BB);
• Bayer AG (BAYN).

We hope that with these instruments you will get even more room for market exploration and testing complex trading strategies. You can start trading with new instruments right now.

If you need any additional info about the list of the instruments provided or have any other questions, please do not hesitate to contact our Customer Service team using the information below.

We wish you the best of luck with your trading!

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen​

 

[radex78]

Join the “Money Managers” contest and win up to $5,000

FXOpen invites traders to participate in "Money Managers", a contest with real PAMM accounts. Don't miss your chance to win big money prizes totaling 10,000 USD! The contest starts on March 1, 2021, and registration will be open for 2 months untilMay 1.

Participate!!​

Contest conditions

• Contest dates: March 1 — 30 June, 2021;
• Registration period: from now till May 1, 2021;
• Prize fund: USD 10,000;
• Rewards:
  • 1st place - USD 5,000;
  • 2nd place - USD 3,000;
  • 3rd place - USD 2,000.

The prize will be added to an investment account according to 50/50 offer (50% of the profit goes to the Manager, 50% - to the investor (the Company)

• .
• Initial deposit: the minimum amount required to open a PAMM account (from 1,000 USD for PAMM ECN, from 200 USD for PAMM STP, 1,000 USD for PAMM Crypto);
• Minimum trading period: two months;
• Minimum number of trades per week/ during the contest: 5/ 80;
• Trading volume: not less than 1 lot per stage;
• Contest profit: minimum 30% of the deposit;
• The drawdown should not exceed 20% in the period from the moment the contest starts until the prize money is credited (the prize money is credited within 5 working days from the moment the contest ends in case of an open offer);
• Short-term drawdown shown in rollover should not exceed 20% after the prize money is credited, and the drawdown not shown in rollover should not exceed 25%.
  
  
  Register!​
  
  Read more...

 

[radex78]

RISING YIELDS PUT PRESSURE ON THE FED AT WEDNESDAY’S MEETING

The main event of the week for financial markets is the Fed’s FOMC meeting on Wednesday. Besides the regular statement, the Fed will reveal its economic projections, and the market will focus on the dots plot that shows the federal funds rate forecast for the next three years.

The event is particularly important for traders because the dollar is at crossroads. If the Fed signals a liftoff before 2024, the markets will take it as a hawkish signal that would trigger a wave of dollar buying. On the other hand, if the dots plot do not show any increase until 2024, the Fed signals its willingness to keep accommodative conditions despite the recent fiscal stimulus.

Challenges for the Fed

The big challenge for the Fed comes from the long-term yields, which rose recently. While the move higher is insignificant on the long-term charts, it does signal an unwanted tightening of financial conditions.

Moreover, the move higher in the yields generated a dollar rally at the end of February, tempered only by the new round of fiscal stimulus from Biden’s administration. Should the yields rise further, the investors may turn their attention to the dollar again. Yields typically rise during the economic recovery, and the new fiscal stimulus package leads to faster recovery.

Ahead of Wednesday’s meeting, the dollar remains offered – the EURUSD is back above 1.19, the AUDUSD is above 0.77, and the GBPUSD trades close to 1.40. If the Fed hints at no rate hike until 2024, the dollar may take another dive. On the other hand, if the Fed is pressured by the rising yields and hints at a rate hike as early as 2023, the dollar may rally, sending the EURUSD below its recent 1.1840 support.

All in all, traders are guaranteed to see high volatility and quick price action as the Fed unveils its economic projections.

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

 

[radex78]

FEBRUARY 2021 TOP 10 PAMM ACCOUNTS OVERVIEW

Although the winter is over, the early spring has not made things much brighter around the world. However, PAMM account managers continue to trade actively, adapting their strategies to the changing market. Investors’ goals are still the same — they want to invest their money in the most promising PAMM accounts with minimum risk and maximum profit.

On March 1, 2021, FXOpen launched a new round of “Money Managers” competition, where participants can not only show their skills in PAMM account management but also win up to 5,000 USDin prizes. Registration is open until May 1.

TOP-10 FXOpen PAMM Accounts in February 2021

• g9000
• FastWay
• Sensei
• nepg
• FXLionCross
• Overlord
• Clip
• S7
• Profitmax
• Algotrader

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen​

 

[radex78]

EURUSD AND EURJPY: EURO IS FACING HURDLES

EUR/USD started a fresh decline after it failed to surpass 1.2000. EUR/JPY is correcting gains and it is likely to struggle near the 130.00 zone.

Important Takeaways for EUR/USD and EUR/JPY

• The Euro topped near the 1.2000 level and started a fresh decline.
• There is a key declining channel forming with resistance near 1.1930 on the hourly chart of EUR/USD.
• EUR/JPY tested the 130.50 and recently declined to test the 129.50 support.
• There is a major bullish trend line forming with support near 129.65 on the hourly chart.

EUR/USD Technical Analysis
Recently, the Euro made an attempt to climb above the 1.2000 resistance against the US Dollar, but it failed. The EUR/USD pair started a fresh decline and broke the 1.1960 support zone.

The pair even broke the 1.1945 support level and the 50 hourly simple moving average. It traded as low as 1.1882 on FXOpen before the pair started consolidating losses. It climbed above 1.1900, but there was no bullish momentum.

EUR/JPY Technical Analysis
The Euro followed a decent bullish path above the 128.00 resistance zone against the Japanese Yen. The EUR/JPY pair broke the 129.50 resistance level to move into a positive zone.

It even cleared the 130.00 resistance and settled nicely above the 50 hourly simple moving average. It traded to a new monthly high at 130.48 before correcting lower. The recent swing high was formed near 130.39 before the pair dipped below 130.00.

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen​

 

[radex78]

LTC AND EOS – AT KEY PIVOT POINTS

• LTC/USD
  From Tuesday’s low at $192.55, the price of Litecoin has been on the rise again and came up to $208 at its highest point today, which was an increase of 8.4%. Currently, it is being traded at $204.34 as the minor pullback is being made but the price is still in an upward trajectory overall. The price fell back to 0.382 Fibonacci level on Tuesday where it found support and bounce back to the upside.
  
• EOS/USD
  From Tuesday’s low at $3.66 the price of EOS has risen by 14.32% today as it came up to $4.18 at its highest point. We have seen a minor pullback with the price going inside the territory of the lower range below the prior high but is currently being traded at $4.1.
  This is a recovery from the descending move that started on the 14th of March when it spiked to $4.396 which is why the upward movement could be corrective in nature much like that is the case on the Litecoin chart.

Read more...

#Cryptocurrencies#LTCUSD #EOSUSD #Litecoin #EOS #Crypto #Cryptocurrency


Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen​

 

[radex78]

ForexCup Trading Championship 2021, a contest for traders to win $50,000, is now live!

FXOpen, a trusted global CFD and Forex broker is proud to announce the launch of the ForexCup Trading Championship 2021. The contest with the main prize of $50,000 runs from January 1 to December 31, 2021, and is available to all traders with active FXOpen accounts.

The ForexCup Trading Championship is a one-of-a-kind contest designed to engage investors, traders, and portfolio managers in fair and reliable global competition. For an entire year, participants will compete for the title of the best and for a hefty cash prize of 50,000 U.S. dollars, which will go to whoever demonstrates the most profit at the end of the year 2021.

• The contest is available to anyone who has an active FXOpen ECN account. The only requirement is to have a minimum trading deposit and follow the contest rules.
• Participants can choose any instruments available within their jurisdictions: spot FX, Index, Commodity, Stock, Metal or Crypto CFDs.
• Three personalized crystal trophies are prepared for the first three places, and the trader who takes the first place will receive a cash prize of $50,000 without any additional conditions.

Forex Trading Championship is a brand-new name among other trading competitions, but it has a big legacy. With the support of renowned partners, including global Forex and ECN broker FXOpen, the championship provides an opportunity for you to compete with the best and put your trading strategies to the test!

“We launched the ForexCup Trading Championship to provide our clients the unique opportunity to test not only themselves but to measure and compare their trading skills against their peers, to take the coveted position of Top Trader. Ultimately, we hope this will identify and inspire the next generation of Forex enthusiasts,” Gary Thomson asserts, the Chief Operating Officer of FXOpen UK.

Anyone interested can sign up now or read more about Forex Trading Championship rules and philosophy here

Source

Current position