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Oil drops back into June price range

The WTI Oil price fell from $72.98 to $68.68 yesterday despite the inventories data showing a draw of -12.6M barrels which is the biggest since September 2016...

FxPro
Dollar is weaker today after rejection 95.50

The USD has weakened against the majors after the DXY rejected the 95.50 level in yesterday's trading creating a technical double top and is now trading down...

FxPro
Stronger IT, softer financials

Stock markets continue to strengthen with increased demand for high-tech companies. The NASDAQ100 closed a second day in a row...

The resumption of deposit and withdrawal via Webmoney
The resumption of deposit and withdrawal via Webmoney

Fibo Group is glad to inform that the possibility of replenishing the trading account as well as the withdrawal via the Webmoney system has resumed. To top up the trading account a client needs to create an invoice through their Personal Cabinet on the FIBO Group website and clear it via the Webmoney purse. The deposit is free of charge and the enrolment occurs automatically after the invoice payment.To make a withdrawal from the Webmoney purse a client would need to create a withdrawal request in the Personal Cabinet on the FIBO Group website.

FxPro
USD weakens through the day yesterday

The USD weakened further overnight after the move began in the US trading session yesterday. USDJPY moved down under the 110.000 level after...

FxPro
Markets Focus on US and UK GDP

UK Gross Domestic Product (QoQ) (Q1) is expected to come in at 0.3% from 0.4% previously. Gross Domestic Product (YoY) (Q1) is expected to be...

FxPro
Markets Focused on ECB Interest Rate

ECB Deposit Rate Decision will be announced and is expected to remain unchanged at -0.4%. The ECB Interest Rate Decision will also be released...


FxPro
Today's Focus on US Retail Sales

At 12:30 GMT, US Retail Sales (MoM) (Mar) will be released, with an expected 0.4% from -0.1% previously. Retail Sales Ex-Autos (MoM) (Mar) is expected...

FxPro
Larry Kudlow - chief economic advisor

Yesterday, Larry Kudlow accepted the role of White House Chief Economic Advisor. He immediately targeted China and said that the next step...

FxPro
EU leaders agree to shore up budget

EU European Council Meetings took place on Friday and EU Council President Donald Tusk made the following comments: EU leaders agreed to spend...

easyMarkets Launches Ripple and Ethereum
easyMarkets Launches Ripple and Ethereum

Recently easyMarkets announced the addition of two more exciting cryptocurrencies – Ethereum and Ripple in addition to Bitcoin. Both of these new assets are available on easyMarkets platform, App and the popular MT4. Although Bitcoin dominated the media last year – both Ethereum and Ripple experienced significant climbs.

FxPro
A Terrible Week for the Dollar

The dollar is down 2.2% since the start of this week in what’s come to be the currency’s worst performance in two years, with USDX falling to 88.15 in a...

FxPro
U.S. Inflation Data in Focus

A quiet week ahead on the data front at first glance but US Inflation on Wednesday will be a major market mover. Market participants will view this data...

FxPro
USD Bears Return

USD bears returned to the market as the tensions between North Korea and the US have greatly cooled this week. North Korean media reported that North Korea Leader Kim had delayed...


FxPro
USD Bears

On Wednesday, St. Louis Federal Reserve President Bullard (a non-voting member of the FOMC) stated in an interview that he, is opposed to further U.S. interest rate increases by the Federal...

FxPro
Oil & GBP slide lower

Oil continues to be under “over supply” pressure resulting in prices dipping to 7 month lows. Yesterday Oil suffered a 2% drop as the increased supply...

FxPro
Brexit Negotiations to be Triggered

Although Theresa May has stated before no deal is better than a bad deal, Chancellor said on Sunday that...

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Learn How to Trade Forex

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FxPro
Markets mixed following averted shutdown

Global equities rose with U.S. futures, fixed income retreated...

Gold Bears Test Near Term Major Support

Gold spot price has turned bearish since 27th Feb, after hitting a one-and-a-half month high of 1263.73...

GBPUSD Retreats Post Surge on Theresa May’s Hard Brexit Speech

Trump stated on Tuesday that a strong dollar is risky to the US economy, as it weakens competitiveness of US exports and corporate profits...


The dominant dollar

The dollar appreciated a further 1% through the course of Thursday in the wake of the Fed meeting result seen Wednesday evening. We saw some pull-back into the NY close and again through the Asia session...

Crossing the Bridge

The usual bridge day between Thanksgiving and the weekend arrives which will keep volumes light and ranges on the tighter side, all being well. That’s unless you are a retailer, in which case this is known as ‘Black Friday’, a phenomenon that has crossed the Atlantic in recent years...

Finally

Markets and polling are looking for a Clinton win today, but the margin in the polling is not sufficient to give any sense of comfort. This is more so after the experience of the Brexit vote back in June, where the polls were suggesting a win for the ‘remain’ side and the vote went the other way...


Gearing up for higher US rates

The move higher on the US 2Y bond yield has had a notable effect on currencies over the past week, with the yield pushing at levels last seen 4 months ago. This reflects the increased expectation that the Fed will move on rates at the December meeting...

Dollar Index Retraced after Testing the Significant Resistance at 96.00

The US CPI figures released last Friday were better-than-expected. The dollar index surged, broke three resistance levels at 95.40, 95.60 and 95.80 respectively...

Last Full US Economic Health Check Before FOMC

The dollar index has rebounded since 8th September after tested the support line at 94.50. On 13th September, the index broke the downtrend line resistance and held...


Oil Slide Weighs on Energy Stocks

The weekly US Crude Oil Inventories figure released yesterday was 2.276 million barrels, less than the previous figure of 2.501, yet surpassing the expectations of 0.921...

FxPro
Will Yellen Remain Dovish

Today, Fed Chairman Janet Yellen will make a speech at 14:00 GMT. In addition, the US Q2 GDP Growth second estimate (QoQ) annualized figure, and Goods Trade Balance for July, to be released at 12:30 GMT...

Silver Turns Bearish after Hitting a 7-Week Low

Gold has turned into a consolidation pattern after hitting the high of 1375.06 on 6th Jul, its highest level since Mar 2014, implying the bullish momentum is dwindling. If the dollar keeps on rebounding, then it will weigh on gold. If the dollar falls again, then gold will likely rebound...


Sterling Surges as UK Retail Sales Outperforms

UK Retail Sales (YoY and MoM) and Core Retail Sales figures (YoY and MoM) in July, released earlier today, outperformed. Sterling strengthened across the board...

Dovish Fed Weakens Dollar

The minutes for the FOMC meeting, released yesterday, resulted in the dollar weakening across the board. The Fed objectives are to maintain price stability and maximise employment...

Dollar Index Reversed Sharply

Economic data released on Friday 12th Aug underperformed, against the market expectations. The Retail Sales figure showed no growth in July, compared to a revised, robust, 0.8% gain in June. The Core Retail Sales reading plunged to -0.3% in July from, a strong, revised 0.9% in June...



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In the past 7 days the EUR/USD pair has lost -0.2459% and is now at $1.171. Start trading and making money on Forex today.

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