🔸Analysis of USD/CAD: Bank of Canada Cuts Interest Rate🔸 Yesterday, the Bank of Canada reduced its key interest rate by 25 basis points to 4.25%. Its governor, Tiff Macklem, cited weak economic growth and suggested that a more substantial rate cut could be considered in the future. While the rate cut was widely expected, the currency market reacted with a surge in volatility. For instance, on the USD/CAD chart: → On 3 September, ahead of the decision, the USD/CAD rate was climbing; → On 4 September, immediately after the announcement, the rate dropped sharply. What could be the outlook for the exchange rate, which has fallen by approximately 3% from early August to the end of the month, breaking key resistance at 1.3600? 🔗 Read the full analysis:https://cutt.ly/aeWZ04oQ CFDs are complex instruments and come with a high risk of losing your money. #forextrading #marketanalysis #marketupdate #currencytrading #currencyexchange
FXOpen
Financial Services
FXOpen offer traders professional services in forex and CFD trading with tight spreads and low commissions.
About us
FXOpen is a global forex and CFD broker, founded in 2005. Now a highly established ECN broker, offering ECN, STP and Micro trading accounts*, the company has a network of worldwide brokerages, authorised and regulated by the FCA and CySEC, and licensed to provide financial services in Australia. FXOpen’s goal is to make trading more professional, easy-to-access, and secure. Your best interests will always come first. A true ECN technology model. Access to the Interbank market with no dealing desk and no requotes. Highest grade security. All client funds are fully segregated from FXOpen funds, with additional two-factor authentication login and data encryption protection. Unrivalled expertise. Backed by 15+ years invested in trading technologies and philosophy, we provide quality services to more than a million clients worldwide. Flagship technical solutions. As the first Forex broker to offer its clients ECN trading via the MT4 terminal back in 2009, we still remain on the cutting edge of advanced trading solutions. Quality liquidity and execution. We aggregate liquidity coming from different trading venues such as Integral, Hotspot, Currenex, TrueFX and LMAX Exchange. We also count banks, such as Swissquote, other brokers and proprietary market makers as our liquidity providers. (the choice of liquidity sources may be limited depending on which FXOpen company you trade with). A choice of the best trading platforms. Choose the popular MT4 or MT5, or TickTrader, a comprehensive alternative to MetaQuotes products with some unique features. All trading involves risk. You can find the full disclaimer here: www.fxopen.com. *Account type available is dependent on jurisdiction. Cryptocurrency CFDs are not available to Retail clients in the UK
- Website
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http://www.fxopen.com
External link for FXOpen
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2005
- Specialties
- Forex, Liquidity, ECN, Trading, PAMM, and Crypto
Locations
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Primary
80 Coleman Street
London, EC2R 5BJ, GB
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Level 25, 108 St Georges Terrace
Perth WA, 6000, AU
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38 Spyrou Kyprianou Street
CCS BLDG - Office N101
Limassol, 4154, CY
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Springates East, Government Road
Charlestown, P.O. Box 590, KN
Employees at FXOpen
Updates
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📉 Canopy Growth Corporation (CGC) Shares Drop Below $5 For the first time since March 2024, Canopy Growth Corporation's (CGC) stock closed below $5, marking a significant decline. Earlier this year, the company's shares surged past $14 after the US DEA reclassified marijuana to Schedule III, sparking optimism. However, the latest Q2 earnings report fell short of expectations, leading to a sharp downturn. Analysts now forecast a 12-month target of $5.93, but with the stock in a downward trend, the road ahead may remain challenging. Curious about what's next for CGC? 🔗 Read the full analysis: https://cutt.ly/MeWL0zYf CFDs are complex instruments and come with a high risk of losing your money. #stockmarket #cannabisindustry #CGC #InvestmentAnalysis #financialnews #CanopyGrowth
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Market Analysis: EUR/USD Eyes Fresh Increase, USD/JPY Trims Gains 🔸 The Euro started a fresh decline below the 1.1150 support. 🔸 There is a key bearish trend line forming with resistance at 1.1055 on the hourly chart of EUR/USD at FXOpen. 🔸 USD/JPY struggled near 147.20 and recently started a downside correction. 🔸 There was a break below a major bullish trend line with support at 145.80 on the hourly chart at FXOpen. 🔗 Read the full analysis: https://cutt.ly/beWLTRS0 CFDs are complex instruments and come with a high risk of losing your money. #forextrading #EURUSD #USDJPY #marketupdate #Currency #currencytrading
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Daily Market News with FXOpen - 05 September 2024 🔸OPEC+ Close to Postponing Oil Supply Increase After Price Slump; 🔸Nikkei Hits 3-Week Low on US Downturn Worries; Chip Stocks Slip; 🔸S&P 500 Books Back-To-Back Losses as Wall Street Grapples with a Rocky Start to September. CFDs are complex instruments and come with a high risk of losing your money. #oilprices #energymarket #stockmarketnews #globalmarkets #SP500 #marketupdate
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📉Nvidia (NVDA) Shares Among the Biggest Losers📉 Yesterday, Nvidia (NVDA) shares plummeted by over 9%, contributing to a more than 3% drop in the Nasdaq 100 index. Concerns are mounting ahead of the upcoming US labor market data release, which could further impact market sentiment. Although NVDA was a growth leader in early 2024, it's now showing bearish signals. Analysts remain optimistic, with 39 out of 43 recommending a buy, but caution is warranted as price targets might be revised down. 🔎Curious about what’s next for Nvidia? Read the full article here: https://cutt.ly/WeWE4SaW CFDs are complex instruments and come with a high risk of losing your money. #Nvidia #StockMarket #Nasdaq #Investing #TechStocks
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🚀 Experience Ultra-Fast Execution! 🚀 Ready to take your trading to the next level? With our ultra-fast execution, your trades are processed instantly thanks to our diverse liquidity providers and real-time price streams. 🌐 ✅ Real-Time Prices ✅ Instant Trade Execution ✅ Free VPS for Enhanced Flexibility (See Terms & Conditions) Experience unparalleled trading flexibility and speed.📈🔍 Apply now and make the most of every market opportunity! 🔗 https://cutt.ly/aeWEOUC9 CFDs are complex instruments and come with a high risk of losing your money. #ultrafasttrading #instantexecution #TradeSmart #VPS #investing #trading #financialfreedom #TradeWithConfidence
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Daily Market News with FXOpen - 04 September 2024 🔸Bitcoin Touches One-Month Low as Glum Traders Hedge for Payrolls; 🔸Asian Stocks Tumble After Wall Street Drops on Worries About the Economy; 🔸Oil’s Slide Deepens on Glut Concern as WTI Sinks Back Into $60s. CFDs are complex instruments and come with a high risk of losing your money. Cryptocurrency CFDs are not available to Retail clients at FXOpen UK or FXOpen AU. #bitcoinnews #cryptomarket #AsianStocks #oilprices #marketupdate #investing
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🔸XAG/USD Analysis: Bulls May Target $30 Again🔸 As the XAG/USD chart indicates today, the price of silver has dropped by over 5% in the past week. Bearish signs are also evident in the price of gold. According to Reuters, market participants are focusing on a series of economic data set to be released this week, which could influence expectations regarding a potential rate cut at the Federal Reserve’s September meeting. Could the price of silver continue to decline? 🔗 Read the full analysis: https://cutt.ly/weWd52WZ CFDs are complex instruments and come with a high risk of losing your money. #XAGUSD #SilverPrice #MarketTrends #FederalReserve #commodities
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Daily Market News with FXOpen - 03 September 2024 🔸Sterling Eases After Scorching August Rally; 🔸Dollar Climbs for Fifth Day as US Traders Return from Holiday; 🔸Oil Prices Fall as Weak Demand Overshadows Libya Blockade. CFDs are complex instruments and come with a high risk of losing your money. #sterling #dollar #oilprices #currencyexchange #CurrencyMarkets #BrentCrude
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🚀The Price of Intel (INTC) Shares Rose By 9.5% in a Day 🚀 Intel's stock price rose significantly following Reuters' report on CEO Pat Gelsinger's upcoming mid-September presentation. Key highlights include: 🔸 A plan to cut capital expenditures and revitalize the company. 🔸 Potential sale of assets, including the Altera division, with Morgan Stanley and Goldman Sachs advising. 🔸 A 15% workforce reduction by end of 2024. Technical analysis shows a potential bullish trend, with a recent breakout suggesting optimism. Analysts have a 12-month target of $27.32, though only 1 of 32 recommends buying INTC shares. 🔗 Read the full analysis: https://cutt.ly/eeWaWAml CFDs are complex instruments and come with a high risk of losing your money. #Intel #StockMarket #Investment #TechStocks #FinancialNews #intelstock