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Gold Price Updates Minimum of the Year against the Background of Rising Yields of US Govt Bonds
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Treasury yields are rising, especially for long-term periods. For example, the yield on 10-year bonds today is 4.28%, and a month ago it was 3.88%, a year ago, 3.02%. Barron's writes that yields may continue to rise amid sustained inflation.

Rising US government bond yields are attracting investors who are diversifying their portfolios by moving capital away from the gold and equity markets, which is having a bearish effect on them.

So, according to information from MarketWatch, August could be the worst month in 2023 for the S&P 500 index precisely because of rising bond yields.

And according to Bloomberg, at the end of last week, the assets of exchange-traded funds (ETFs) investing in gold approached the level of 2.8 thousand tons, having updated the minimum since March 30, 2020.

Today, as the chart shows, the price of gold has updated the minimum of the year.

Bearish arguments:

→ The price dynamics is developing within the bearish channel, which has been in effect since May.
→ The price has consolidated below the psychological level of 1900 dollars per ounce, from which we can now expect resistance to the price increase.

Bullish arguments:

→ The market is oversold, as evidenced by the daily RSI indicator. Therefore, the probability of a bullish correction increases.

This week, the BRICS summit and the Jackson Hole conference will take place, the news from which can have a significant impact on the price of gold.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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EURUSD Analysis: Price is Forming a Rebound from the Support of 1.085
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From the high of the year, set on July 18 near the level of 1.125, the price of EUR/USD fell in 1 month to the support of 1.085 (-3.4%). Today, the EUR/USD chart shows that the market is forming a rebound from this support, which has been in place since mid-June. What will be the further development?

Bullish arguments:

→ The market is in an uptrend (indicated by the blue channel) in 2023 and its lower boundary, which forms a powerful block of support at the level of 1.085, can help the bounce develop into a meaningful swing.
→ Support may come from SMA (100).

Bearish arguments:

→ The higher the price of EUR/USD rises, the closer the level of 1.095 becomes, which acted as support; but after the pin bar on August 10, the level was broken, and now resistance can be expected from it. If this is indeed the case, the market will form a weak bounce from the block of supports in the 1.085 area — a threatening sign for the current ascending channel.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Brent Crude Oil Analysis: Production and Supply Down, Prices Down.. or Are They? Where's Next for Brent Crude
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The world of crude oil trading has long been synonymous with volatility, where prices can swing dramatically in response to a myriad of factors. Currently, the market is once again experiencing a degree of turbulence, underscoring the need for keen analysis and a watchful eye on critical events.

Among these events, the announcement by US authorities of the weekly change in crude oil supply in the United States, scheduled for 21:30 UK time today, holds particular significance.

The announcement of weekly changes in crude oil supply serves as a crucial touchstone for market participants. Last week's figures, revealed on August 18, showcased a substantial 6.19 million barrel reduction compared to the previous week. This revelation underscores the dynamic nature of oil supply and its influence on market sentiment.

Crude oil prices have been closely scrutinised, with the value of Brent Crude oil closing lower than its opening value in recent trading sessions.

Analysts are eyeing several potential factors that could be contributing to this trend. One notable factor is the tapering optimism regarding higher demand in China, which may be impacting global oil consumption projections.

In the most recent New York trading session, Brent Crude oil finished at $84.46 per barrel, marking a 34-cent decline from its opening value. While this represents a decrease, it's important to put this movement in context.

Crossing the $84-per-barrel threshold is still indicative of robust pricing, illustrating the ongoing strength of the market. Comparing this to just over a year and a half ago, when headlines were ablaze with news of oil prices crossing the $70-per-barrel mark, the significant leaps and bounds that have transpired within the industry become apparent.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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EUR/USD Eyes Recovery While USD/JPY Corrects Lower
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EUR/USD started a fresh decline from 1.0930. USD/JPY is correcting gains and might test the 144.90 support in the near term.

Important Takeaways for EUR/USD and USD/JPY Analysis Today

  • The Euro started a fresh decline below the 1.0880 support.
  • There was a break below a key bullish trend line with support at 1.0890 on the hourly chart of EUR/USD at FXOpen.
  • USD/JPY struggled near 146.40 and recently started a downside correction.
  • There is a major bearish trend line forming with resistance near 145.85 on the hourly chart at FXOpen.

EUR/USD Technical Analysis
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On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from the 1.0930 zone. The Euro declined below the 1.0910 support zone to enter a bearish zone against the US Dollar as mentioned in the previous analysis.

There was a break below a key bullish trend line with support at 1.0890. The pair even settled below the 1.0880 zone and the 50-hour simple moving average. A low is formed near 1.0832 and the pair is now correcting losses above the 23.6% Fib retracement level of the recent decline from the 1.0930 swing high to the 1.0832 low.

On the upside, the pair is now facing resistance near the 50-hour simple moving average at 1.0880. It is close to the 50% Fib retracement level of the recent decline from the 1.0930 swing high to the 1.0832 low.

The next major resistance is near 1.0910. The main resistance is still near 1.0930. An upside break above 1.0930 could set the pace for another increase. In the stated case, the pair might rise toward 1.1000.

If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0830. The next key support is near 1.0800. If there is a downside break below 1.0800, the pair could drop toward 1.0765. The next support is near 1.0750, below which the pair could start a major decline.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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BTC/USD Price Analysis: RSI Drops to Lowest Since March 2020
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The last time this classic indicator dropped below the 20.0 level was in March 2020, when the world panicked due to the spread of the coronavirus.

The extremely low RSI values indicate an extremely oversold market — it was formed as a result of the collapse of the BTC/USD rate on August 17, the reasons for which are not clear. Among the versions are:
→ SpaceX's decision to sell bitcoins from its balance sheet;
→ high yields of US government bonds (10-year bonds are at a 14-year high);
→ the collapse of the Chinese developer Evergrande.

Be that as it may, the decline of RSI below the level of 20.0 should not be interpreted as a signal to open a long position, although there is evidence for this.

Bullish arguments:

→ a long lower shadow on yesterday's candle on the daily bitcoin price chart confirms the aggressiveness of the bulls defending the 25.6k level;
→ this level approximately coincides with the Fibo level at 0.38 for a rollback from the growth of A→B;
→ the bitcoin market may follow the stock market — after all, the S&P 500 is at the lower boundary of the rising channel, which operates in 2023.
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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Commodity Currencies in Search of a Bottom, the Euro Resumes Its Decline
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Problems in the Chinese economy and the unexpected decision of the People's Bank of China to cut the base interest rate put pressure on commodity currencies, as China is one of the main trading partners of Australia, Canada, and New Zealand. However, this week, we can observe a slowdown in the downward movement in USD/CAD, AUD/USD, and NZD/USD, which signals a possible start of corrective rollbacks.

AUD/USD

The AUD/USD currency pair found support just above 0.6300 last week and is currently trying to strengthen above 0.6400. There are no confirmed reversal combinations for bullish movements on higher time frames yet; the nearest area for an upward rollback is the range of 0.6500-0.6600. If bulls fail to strengthen above these marks, the resumption of the downward movement in the direction of 0.6300-0.6200 may occur.

As for fundamental analysis, today at 15:00 GMT+3, we are waiting for data on the number of building permits issued in the US in July; at 16:45 GMT+3, there will be data on the business activity index (PMI) in the service sector for August.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Currencies in Tight Ranges ahead of Jackson Hole Symposium
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Major currency pairs are trading near the previously reached extremes in anticipation of news from the US. The EUR/USD currency pair fell yesterday to 1.0800, but bounced back sharply, the GBP/USD pair tested support at 1.2600, but still remained above the alligator lines on the weekly timeframe, and USD/JPY is retesting the 145 figure. Apparently, investors and market participants are waiting for comments from the head of the Fed about the future monetary policy of the regulator. Tomorrow starts the annual symposium in Jackson Hole, where a report by Jerome Powell will be heard.

USD/JPY

In the US dollar/Japanese yen pair, the reversal bearish bar from August 17 near 145.60 worked out. At the moment, the downward pullback has encountered support at the Alligator lines. If the price holds above 145.00 for several trading sessions, a resumption of growth towards recent highs at 146.50 may occur. But a break of support at 145.00 may mean a deeper correction towards 143.00-141.00.

Today at 15:30 GMT+3 we are waiting for data on basic orders for durable goods in the US for July. Also at the same time, weekly figures on the number of applications for unemployment benefits will be released. Tomorrow early in the morning traders will pay attention to the core consumer price index (CPI) in Tokyo.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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The Price of WTI Oil Falls to August Minimum
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As the chart shows, US Crude Oil fell below USD 78 yesterday for the first time since July 25. This was facilitated by:

→ fears of a crisis that could follow from the collapse of the Chinese property developer Evergrande;
→ alarming PMI data from different economies. Japan reported a contraction in manufacturing activity for the third month in a row. Business activity in the euro area also fell more than expected, especially in Germany. Business activity in the US in August approached the point of stagnation, while growth was the weakest since February.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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GBP/USD Bounces Back after Falling 1% in One Day
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The publication of news on the UK PMI index yesterday signaled an acceleration of the downturn in business activity. The index value was 42.5 (values below 50 indicate a slowdown in the economy). This is the thirteenth consecutive reading of the index below 50, with readings below 42.5 last recorded during the height of the pandemic in the spring of 2020.

The first reaction to the news was a sharp drop in the GBP/USD rate, but by the end of the trading session, the rate recovered, which can be considered evidence of strong demand.

More bullish arguments are given by the analysis of the volumes of trading in futures for the British pound on the CME exchange:

→ the largest trading volumes for the year were recorded on June 13 (more than 240k contracts were traded at an average of about 100k per day). If you draw a horizontal level from the high of this candle at 1.262, you will see how it acts as support;
→ yesterday, extremely high volumes (more than 155k contracts) were recorded again on a candle with a long lower shadow. That is, high volumes, reflecting the activity of large players, may indicate the relevance of demand for the pound at a price of 1.262.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Watch FXOpen's 21 - 25 August Weekly Market Wrap Video

Weekly Market Wrap With Gary Thomson: EUR/USD, GBP/USD, NVDA SHARE PRICE RISES, WTI OIL GO MINIMUM

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 significant news reports and shares his expert insights.

  • EUR/USD: Price is forming a rebound from the support of 1.085
  • NVDA share price rises after positive report
  • The price of WTI oil falls to August minimum
  • GBP/USD bounces back after falling 1% in one day

Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen.

Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

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FXOpen YouTube


Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

#fxopen #fxopenyoutube #fxopenuk #weeklyvideo

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GBP/USD Struggles To Recover, USD/CAD Holds Support
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GBP/USD is struggling to recover above 1.2665. USD/CAD is holding gains above 1.3560 and might start another increase.

Important Takeaways for GBP/USD and USD/CAD Analysis Today

  • The British Pound started a fresh decline from the 1.2720 resistance zone.
  • There is a major bearish trend line forming with resistance near 1.2620 on the hourly chart of GBP/USD at FXOpen.
  • USD/CAD is correcting gains from the 1.3640 resistance zone.
  • There is a key bullish trend line forming with support near 1.3585 on the hourly chart at FXOpen.

GBP/USD Technical Analysis
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On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2720 zone. The British Pound traded below the 1.2665 support to move into further a bearish zone against the US Dollar, as mentioned in the previous analysis.

The pair even traded below 1.2620 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2550 level. A low was formed near 1.2547 and the pair is now consolidating losses. There was a minor recovery above the 23.6% Fib retracement level of the downward move from the 1.2732 swing high to the 1.2547 low.

Immediate resistance on the upside is near a major bearish trend line at 1.2620 and the 50-hour simple moving average. The first major resistance on the GBP/USD chart is near the 61.8% Fib retracement level of the downward move from the 1.2732 swing high to the 1.2547 low at 1.2665.

A close above the 1.2665 resistance might spark bullish moves. The next major resistance is near the 1.2720 level. Any more gains could lead the pair toward the 1.2800 resistance in the near term.

Initial support sits near 1.2550. The next major support sits at 1.2510 or 1.2500, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2420.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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AUD/USD and NZD/USD Signal Downside Continuation
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AUD/USD declined below the 0.6450 and 0.6430 support levels. NZD/USD is also moving lower and might trade below the 0.5900 zone.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

  • The Aussie Dollar started a fresh decline from well above the 0.6480 level against the US Dollar.
  • There was a break below a key bullish trend line with support near 0.6430 on the hourly chart of AUD/USD at FXOpen.
  • NZD/USD declined heavily from the 0.5985 resistance zone.
  • There was a break below a major bullish trend line with support near 0.5945 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis
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On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6500 zone. The Aussie Dollar started a fresh decline below the 0.6450 support against the US Dollar.

There was a break below a key bullish trend line with support near 0.6430. The pair even settled below 0.6430 and the 50-hour simple moving average. The pair is now showing bearish signs and trading near the last swing low at 0.6410.

On the downside, initial support is near the 1.236 Fib extension level of the upward move from the 0.6411 swing low to the 0.6490 high at 0.6390. If there is a downside break below 0.6390, the pair could extend its decline.

The next support could be the 1.618 Fib extension level of the upward move from the 0.6411 swing low to the 0.6490 high at 0.6365. Any more losses might send the pair toward the 0.6320 support.

On the upside, an immediate resistance is near 0.6430. The next major resistance is near the 50-hour simple moving average at 0.6450, above which the price could rise toward 0.6490. Any more gains might send the pair toward 0.6550.

A close above the 0.6550 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6620.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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USD/JPY Rate Updates the High of the Year
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Yesterday, USD/JPY hit 146.74 for the first time since November 2022. The rise in the rate is facilitated by the growing gap in the policies of central banks: while the Bank of Japan has kept the rate below zero since 2016, the Fed has been raising rates since the spring of 2022.

Moreover, on Friday, Powell said the Fed is ready to continue to remain tough in the fight against inflation. According to CME's FedWatch tool, there is now a 62% chance of a rate hike at the Fed's November meeting, up from 42% a week earlier.

However, the limiting factor for the USD/JPY rate is the power of the Japanese Ministry of Finance. Last year, when the market was at current levels, the authorities intervened in the foreign exchange market, lowering the rate to 140 yen per US dollar.

The USD/JPY chart shows that:

→ the price continues to move within the ascending channel;
→ on Friday, during Powell's speech, the median line was tested, confirming its influence as a support;
→ former resistance at 144.8 also provides support;
→ if the trend continues, the rate may reach the upper limit of the channel — that is, the psychological mark of 150 yen per US dollar.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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When Will the Rate Hikes Stop? The Fed Ploughs on at Jackson Hole Despite Economic Progress
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The United States Federal Reserve's consistent dialogue regarding interest rate increases has captured the attention of economists, policymakers, and financial markets worldwide.

Against the backdrop of a US economy that has shown remarkable resilience over the past two years, discussions surrounding interest rates have become a focal point of speculation and analysis. This article delves into the factors driving the Federal Reserve's decisions, the global context, and the implications for the US Dollar.

Steady US Economy and Debt Dynamics

The US economy's performance over the past two years has been characterised by steady growth and surprising resilience, given the substantial national debt that the country holds. Despite occasional fluctuations and challenges, the overall trajectory has been positive. The ability of the US economy to maintain its stability can be attributed to factors such as robust consumer spending, a strong labour market, and the government's targeted fiscal policies.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Bitcoin Trading Volumes Fell to a Minimum of 4 Years
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CNBC, citing CryptoQuant agency, reports that:

→ the total volume of bitcoins held on all cryptocurrency exchanges is at its lowest level since 2019;
→ as of August 26, the volume of bitcoin trading on all exchanges was about 130k BTC;
→ a maximum of 3.5 million BTC were traded in 1 day.

Perhaps the decrease in trading volumes is due to a drop in interest due to the uncertainty with the regulation of cryptocurrencies, or the fading of the bullish trend that began from the early days of 2023.

According to JP Morgan analysts, a decrease in open interest may indicate that the price of bitcoin is near a significant low, but the BTC/USD chart suggests that the bearish trend may continue. This is indicated by the descending channel, the outlines of which are becoming clearer.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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European Currencies Hit New Lows, Precious Metals on the Rise
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European currencies, along with the yen and commodity currencies, came under pressure again last week. After Jerome Powell's hawkish talk at the Jackson Hole symposium, GBP/USD fell below 1.2600, EUR/USD broke support at 1.0800, and USD/JPY came close to 2023 extremes near 147. In the event of a breakout of these levels, the upward movement of the USD may increase sharply, which will lead to exponential growth. Conversely, a rebound from current levels could lead to a full-blown correction in almost all directions.

GBP/USD

The British currency, which is sensitive to the risky mood of market participants, broke through important support at 1.2600 last week and set a new August low at 1.2540. Jerome Powell's statements about the Fed's readiness to further raise the rate, if necessary, sharply strengthened the dollar, contributing to the collapse of GBP/USD. Nevertheless, at the beginning of the current five-day trading period, buyers of the pound managed to return the pair above 1.2600 and at the moment they intend to test 1.2700. If bulls meet serious resistance near the range of 1.2600-1.2700, another downward impulse may occur, the target of which will be a test of 1.2400-1.2200. If the pair gains a foothold above 1.2700, the resumption of growth to 1.3000-1.3100 may happen.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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EUR/USD Accelerates Gains from 2.5-month Low
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This was facilitated by disappointing data on the US labor market. According to the Bureau of Labor Statistics, the number of new vacancies has fallen sharply: actual —  8.8 million, forecast — 9.4 million new vacancies. The last time the value of the indicator fell below 9 million was in the spring of 2021.

The news came as a big surprise, which sent the dollar index down sharply. Accordingly, USD-denominated shares and gold rose, as well as exchange rates traded against the dollar.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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EUR/USD Starts Recovery, USD/CHF Dips Below Support
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EUR/USD started a recovery wave above the 1.0830 resistance. USD/CHF is showing bearish signs below the 0.8830 resistance zone.

Important Takeaways for EUR/USD and USD/CHF Analysis Today

  • The Euro gained pace after it broke the 1.0830 resistance against the US Dollar.
  • There was a break above a key bearish trend line with resistance near 1.0800 on the hourly chart of EUR/USD at FXOpen.
  • USD/CHF is consolidating losses below the 0.8810 resistance.
  • There was a break below a contracting triangle with support near 0.8830 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a recovery wave from the 1.0770 level. The Euro even cleared the 1.0800 barrier to move into a bullish zone against the US Dollar.

Besides, there was a break above a key bearish trend line with resistance near 1.0800. It opened the doors for a move above the 50-hour simple moving average and 1.0830. Finally, the pair tested the 1.0880 resistance.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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FTSE 100 Goes on Massive Rebound! Marks & Spencer's Resurgence Sparks Optimism
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The FTSE 100 index, a prominent benchmark of the UK stock market, has witnessed a remarkable turnaround in recent days. After a month-long decline that saw the index drop from 7,700 points on July 31 to as low as 7,262 points by mid-August, a sudden shift has propelled it to its highest point in five days, exceeding 7,503 points. This article employs technical analysis to dissect the factors contributing to this rebound and highlights the potential impact of Marks & Spencer's resurgence on the FTSE 100's performance.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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The US Dollar Is Correcting in Anticipation of US GDP Data Publication
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The sharp strengthening of the American currency was replaced by a no less sharp corrective rollback. But whether this will be the beginning of a full-scale correction, we will see after the publication of important data for this week. In the coming trading sessions, the US GDP for the Q2, ADP Employment Change, as well as the NBS Non-manufacturing PMI in China will be released. These macroeconomic data are very important for market participants and can both reinforce existing trends and contribute to a reversal.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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