Recent content by FxproNews11

According to Alex Kuptsikevich, a senior analyst of FxPro, The Reserve Bank of Australia raised its rate by 25 points to 2.6%, against an expected increase to 2.85%. Previously, the rate had been hiked by 50 points four times since June. The same decision was also predicted by the market this...

According to Alex Kuptsikevich, a senior analyst of FxPro, the precious metals have shone again in the last seven days. Gold has gained over 5% in that time, while Silver gained 18% from last Wednesday's low, including yesterday's 8% surge. Such a powerful uptrend encourages thoughts of a...

According to Alex Kuptsikevich, a senior analyst of FxPro, Bitcoin has remained in position for the past few days, trading at $19,500 on Friday morning. As in previous days, the attempt to sell the cryptocurrency following the stock market was met with buying. This neat bottom-drawing by...

While some berated the UK government for collapsing the Pound on the government's plans to cut taxes, others were buying the British currency. The Pound's movement on Friday and Monday looks like a classic capitulation, often a precursor of a reversal. GBPUSD is adding for the third day...

Alex Kuptsikevich, a senior analyst of FxPro, the US dollar is under some pressure on Tuesday morning, which can be attributed to the dollar's local profit-taking after substantial gains on previous days. European equities and US index futures are also getting some relief, pulling back from...

Alex Kuptsikevich, a senior analyst of FxPro, Bitcoin rose 1.1% on Monday, and on Tuesday morning, it "shot up" another 5.5%, adding 7.5% over the past 24 hours. This growth momentum has brought the price of the first cryptocurrency back above $20K, in stark contrast to the dynamics of falling...

According to Alex Kuptsikevich, a senior analyst of FxPro, last week, we said that there has not yet been a final capitulation in many markets. However, we have seen such a capitulation in the pound, which is often followed by global market reversals. We could see both the interest of long-term...

According to Alex Kuptsikevich, a senior analyst of FxPro, Bitcoin is down 4.1% over the past week, ending near $18,900. Ethereum lost 5.8% to $1290. Other leading altcoins in the top 10 showed mixed dynamics, ranging from a 3.7% decline (Cardano) to a 27% increase (XRP). Total crypto market...

According to Alex Kuptsikevich, a senior analyst of FxPro, the dollar is developing its FX offensive, leaving it at highs against a basket of the six major currencies. The main driver of this rise remains the monetary policy differential, where the US has had the most hawkish stance amongst the...

Alex Kuptsikevich, a senior analyst of FxPro, Bitcoin has gained 3.8% in the last 24 hours to $19.4K. Quotes have stabilised near the lower bound of the three-month range. Ethereum gained temporary support after falling below $1300 and is up 6.7% in 24 hours. XRP jumped 28% overnight and 66%...

According to Alex Kuptsikevich, a senior analyst of FxPro, as most had predicted, the Federal Reserve raised the rate yesterday by 75 points to 3.00-3.25%. However, all participants' attention was drawn to the accompanying comments and forecasts, a change that underpinned the latest market...

Bitcoin is losing 2% over the past 24 hours, hovering near $18.7K at the time of writing. Attempts at intraday gains have been shattered by the adverse market reaction following the Fed's forecasts and comments. BTCUSD has been declining for eight of the last nine days. Total crypto market...

According to Alex Kuptsikevich, a senior analyst of FxPro, the markets are preparing for the next Fed decision, the publication of which and subsequent Chairman Powell's comments have the potential to trigger sharp market moves and set the tone for the days or even weeks ahead. The rate...

Bitcoin collapsed 9.6% on Tuesday, ending the day near $20.2K, which remains on Wednesday morning. Ether is losing 6.4% overnight to $1610. The most significant altcoins took a heavy hit, losing between 4.6% (BNB) and 13% (Solana), but remain on the plus side after seven days. The bears in...

Monthly estimates showed that the UK economy added 2.5% over the three months to July vs the same period a year earlier. The negative surprise was a 0.3% decline in Industrial Production in July compared to expectations of a 0.4% gain after a 0.9% slip in June. Production added a modest 1.1%...