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  • US independence day holiday will keep markets in check
    by Adam Button on July 4, 2022 at 12:10 pm

    It's a holiday in the USA. Happy independence day to all our American readers.Normally, that would keep global markets very quiet but that hasn't exactly been the case so far this week. The pound is continuing its rebound from late last week and is near the June 30 highs.Expect trading to grind to a near-halt after Europe heads out, though Canada is in the office today. The Canadian June PMI from S&P Global is due at 9:30 am ET and were previously at 56.8. This article was written by Adam Button at

  • Key Trading Levels For The Week Ahead - AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD
    by ForexLive on July 4, 2022 at 9:59 am

    Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD. Last week AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD all finished down for the week. The first trading day of July was very negative across all these pairs with AUDUSD closing below the 0.6826 monthly support level. AUDJPY Daily chart: Monthly support at 90.72 and 90.29, resistance at 97.29. Weekly support at 87.28, resistance at 94.31, 95.73, and 96.87. Daily support at 91.95 and 91.16, resistance at 92.64 and 94.02. Price declined down from the 94.02-31 daily/weekly resistance area last week. Will price continue to decline and retest the 90.72-29 monthly support levels this week? AUDJPY daily chart 03-July-2022 AUDUSD Daily chart: Monthly support at 0.6722 and 0.6671, resistance at 0.6826, 0.6967, and 0.6991. Weekly support at 0.6722, resistance at 0.6828. Daily support at 0.6722, resistance at 0.6850 and 0.6869. Price broke below the 0.6826 monthly support level last week. Will price continue to decline and test the 0.6722 and 0.6671 monthly support levels this week? AUDUSD daily chart 03-July-2022 EURJPY Daily chart: Monthly support at 137.49 and 134.12, resistance at 141.04 and 145.68. Weekly support at 139.99 and 137.52, resistance at 144.24. Daily support at 139.38 and 138.31, resistance at 141.39. Price formed a triple top at the 144.24 weekly resistance level last week. Will price continue to decline and retest the 138.31 daily support level this week? EURJPY daily chart 03-July-2022 EURUSD Daily chart: Monthly support at 1.0340, resistance at 1.0462, 1.0522, and 1.0635. Weekly support at 1.0349, resistance at 1.0727 and 1.0787. Daily support at 1.0359, resistance at 1.0469, 1.0601, and 1.0627. Price declined down from the 1.0601 daily resistance level last week. Will price continue to decline and test the 1.0340 monthly support level this week? EURUSD daily chart 03-July-2022 GBPJPY Daily chart: Monthly support at 158.21, resistance at 168.01. Weekly support at 159.98 and 158.06, resistance at 168.42 and 168.72. Daily support at 161.85 and 161.00, resistance at 164.64 and 166.93. Price declined below the 164.64 daily support level last week. Will price continue to decline and test the 159.98 weekly support level this week? GBPJPY daily chart 03-July-2022 GBPUSD Daily chart: Monthly support at 1.1986, 1.1958, and 1.1645. Weekly support at 1.2074 and 1.1933, resistance at 1.2155, 1.2195, 1.2251, and 1.2667. Daily support at 1.1933, resistance at 1.2161, 1.2332, and 1.2407. Price declined and retested the 1.1986 monthly support level last week. Will price continue to decline and test the 1.1933 weekly support level this week? GBPUSD daily chart 03-July-2022 This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely. This article was written by ForexLive at

Economic Calendar

Meta Trader 5

MT5 boost for its user-friendly interface with a wide range of useful functions, making it a superior choice for trading platforms and the most desired one for traders worldwide.

Market Analysis

October 29, 2021


1) Gold Pivots Around $1800, Levels To Watch
2) GBP/USD Trades Below 1.3800 Amid Brexit Woes, US Data Eyed
3) EUR/USD Remains Pressured Below 1.1700 Ahead Of Key EZ, US Data
October 28, 2021


1) XAU/USD Needs To Crack $1781 For Further Downside
2) EUR/USD Treads Water Around 1.1600 Ahead Of ECB, US GDP
3) GBP/USD Steadies Near 1.3750 Amid Brexit Woes, Ahead Of US GDP

Media Appearances

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Education News

  • Bitcoin: too early to buy
    by FxPro FXPro on July 4, 2022 at 8:23 am

    Bitcoin is down 9.2% over the past week, finishing around $19,400 and trading near 19,000 on Monday morning. Ethereum has lost 13.3% in the last seven days, while other top altcoins in the top 10 have fallen from 8.6% (BNB) to 18% (Solana). According to CoinMarketCap, the total capitalisation of the crypto market fell 9% over the week to $865bn. Bitcoin's dominance index fell 0.3 points to 42.2%. The cryptocurrency fears index by Monday rose to 14 points.Bitcoin has been under even pressure for almost all last week. A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period (month, quarter, half-year) rather than fundamental changes in the situation. This rebound protected BTCUSD from updating lows. Nevertheless, the global picture remains bearish as stock markets show no glimpses of tightening financial conditions by central banks. On the weekly charts, BTCUSD remains below the 200-week average, having failed a timid attempt to climb higher last week. The RSI on the weekly charts remains oversold, which is a historical anomaly. Unfortunately for the bulls, this is not a sign of a better time to enter. Technically, a sustained return from extreme to norm would be a buy signal. The end of the second quarter of 2022 was the worst for bitcoin in 11 years. FxPro's Analysis: Bitcoin chart Investor Michael Bury, who predicted the 2007 mortgage crisis, admits that the current market situation is only the middle of a bearish cycle for BTC and equities. Changpeng Zhao, chief executive of cryptocurrency exchange Binance, called the current collapse of the crypto market a good time to buy bitcoin for the long term. He said that if traders can hold out in the current bear market, their investments will multiply in the next bullish trend. According to IntoTheBlock, retail investors have stepped up after bitcoin fell below $20,000. This category of cryptocurrency holders has been the most aggressive in buying during the recent sell-off. El Salvador continues to buy bitcoins amid a falling market. This time, the country's government spent about $1.5 million to buy 80 BTC at an average price of $19,000. On the other hand, Bank of America reported that the bank's customers investing in cryptocurrencies has fallen by more than 50% since November last year. This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich. This article was written by FxPro FXPro at

  • Portfolio Diversification with PrimeXBT: The Ultimate Overview Of Available Assets
    by ForexLive on July 1, 2022 at 5:50 pm

    Portfolio diversification has become a prominent subject in recent years, as assets like cryptocurrencies show an increasingly strong correlation with major stock indices. The previously uncorrelated asset class now trades lockstep with stocks yet is even more viciously volatile. The recent macro environment has made which assets you take a position in and what side of the market you are on critical to survival. Using PrimeXBT and its massive list of digital and traditional assets, portfolio diversification is simplified and more accessible than ever before. Here is a look at the list of PrimeXBT trading instruments and how they can be used effectively to protect capital and increase the potential for profits. A Primer On Portfolio Diversification Benefits During the recent post-pandemic bull run, risk assets like stocks and crypto took off like a pair of rockets in parallel flight. Investors piled in as cryptocurrencies figuratively went to the “moon.”   The only problem is that when the stock market began to topple, the sudden and strong correlation between major US stock indices like the Nasdaq and S&P 500 took crypto assets like Bitcoin and Ethereum down with them. Less liquid coins like Dogecoin were decimated and lost as much as 90% in value. A portfolio heavy in these assets went from several times over in the green to severely underwater and deeply in the red. Those who moved capital to commodities like oil would have earned substantial profits during this time. With inflation running hot, gold also would have protected wealth better than crypto or equities. The dollar also performed strongly relative to other currencies and assets in this economic environment, for example. Available Assets From Award-Winning Margin Trading Platform The takeaway above is that the right mix of trading instruments can diversify a portfolio so that no opportunities are left behind, but the risk is appropriately spread out across uncorrelated or anti-correlated asset classes. Well-diversified portfolios suffer less damaging drawdowns and don’t miss out on winners as often. With PrimeXBT, traders get even more control with long and short positions on more than 100 different assets under just one roof.   The list of trading instruments available includes: Cryptocurrencies Cryptocurrencies have become an important new asset class for the digital age. Popular assets include Bitcoin, Ethereum, Solana, and Dogecoin. More exotic altcoins from trending categories like GameFi, Metaverse, DeFi, and others are also offered. Stock Indices You name it, and the most important stock index is listed. This includes all major US, European, and Asian stock indices like the Dow Jones Industrial Average, S&P 500, FTSE, DAX 30, Nikkei, and many more. Commodities Commodities have become an increasingly important part of the global macro and geopolitical landscape, especially as inflation drives up the prices of these scarce assets. Oil, natural gas, gold, and silver are all listed on PrimeXBT and provide some of the most interesting diversification options. Forex Currencies Forex currencies have had a dramatic shakeup since the pandemic struck, and monetary policy shifted across the board. Global inflation made anything trading against the dollar a decent short opportunity. PrimeXBT offers all major pairs, plenty of minors, and a mix of exotics from emerging markets. Portfolio Diversification With PrimeXBT Explained Once again, using crypto and stocks as an example, a portfolio too heavy in these assets would have missed out on the energy sector’s incredible profits or the safe haven provided by golf and silver. Such portfolios could also benefit from the stability of forex currencies. Positioning doesn’t always have to be on the long side, either. PrimeXBT provides long and short positions for total flexibility. Short positions can hedge against successful longs when markets get shaky. Strategic long and shorts leave no global market untapped or opportunity unturned. A careful mix can protect capital against correlation risk, minimize losses, and maximize exposure, making massive profits infinitely more possible. Stop-loss protection, technical analysis tools, and more add further ways traders can gain an edge in markets. Summary: How PrimeXBT Provides Unparalleled Portfolio Diversity PrimeXBT offers all this and more. Margin trading is only the tip of the iceberg. The platform is also home to the Covesting copy trading module, yield accounts, weekly competitions, and the PrimeXBT trading academy. Even better, all of these tools and trading instruments are accessible from the PrimeXBT mobile app for Android and iOS devices. The app recently received a new update that introduced even more new features to the already packed suite of products and services. For those seeking unrivaled portfolio diversity and don’t want to manage dozens of accounts or platforms to do so can find everything they need and more at the award-winning PrimeXBT. Stop leaving your capital at risk and check it out now. This article was written by ForexLive at

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