Recent content by Resolve

Market Analysis: AUD/USD and NZD/USD Set Sights on Additional Upside AUD/USD started a decent increase above the 0.6655 resistance. NZD/USD is also rising and could aim for a move above the 0.6140 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found...

Bitcoin Price Hits a Month's High, Breaking Key Resistance Yesterday's release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price...

Dollar Adjusts After the Publication of Inflation Data in the US Data on the Consumer Price Index (CPI) in the US, released yesterday, had a significant impact on the pricing of major currency pairs. According to the provided report: The core Consumer Price Index, which excludes food and...

The US Dollar Is Weakening Following Inflation Data Yesterday saw the release of key economic indicators for the US. According to ForexFactory: → Core Price Index (CPI) monthly: actual = 0.3%, expected = 0.4%, previous = 0.4%; → Core Price Index (CPI) annual: actual = 3.4%, expected = 3.4%...

The Stock Price of PepsiСo (PEP) Is Retracting from Its Yearly High On April 23, the quarterly report of PepsiCo's performance for the first quarter was published, which was awaited anxiously. The issue stemmed from the fact that in December 2023, the U.S. Food and Drug Administration (FDA)...

The S&P 500 Index Has Reached a Significant Resistance Level Analyzing the S&P 500 chart (US SPX 500 mini on FXOpen) on April 26, we wrote about how the April decline could be a correction to the lower boundary of the channel within the 2024 rally. Following this, a logical development would...

Market Analysis: EUR/USD Sees Green as USD/JPY Gains Bullish Traction EUR/USD is slowly gaining traction above the 1.0800 level. USD/JPY trimmed almost all losses and showing positive signs above 156.20. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent...

Gold Price (XAU/USD) Is Testing an Important Resistance Zone On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle - shown in green), the price of gold dropped...

Watch FXOpen's 6 - 10 May Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: UK100, Hang Seng Index, AUD/JPY, GBP/USD, USD/CAD 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...

Analytical Euro to Dollar Predictions for 2024-2025 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...

Market Analysis: Gold Price Regains Strength While Crude Oil Price Recovers 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...

WTI Oil Price Recovers Quickly From March Lows 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...

GBP/USD Analysis: Pound Recovers After the Bank of England Decision 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...

GBP/USD Bulls Struggle While USD/CAD Regains Strength 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...

AUD/USD Analysis: Aussie Weakens After RBA Decision 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...