Trading Effect on a Portfolio
When a person decides to join the financial world and buy stocks, commodities, currency, or perhaps even cryptocurrency*, they have to think about the approach they take to their management. There is the option of holding assets until they decide to sell them in months or years, and there is the option to trade them actively....
USD/JPY Analysis: Rate Stabilizes After Tsunami
Less than a month ago, the rate was above 161 yen per US dollar. This week, it dropped below 142.5 yen (approximately -12%).
The strengthening of the Japanese yen was driven by actions from the Bank of Japan and financial authorities:
→ Intervention to support the yen in mid-July;
→ An interest rate hike last...
Analysis of Amazon (AMZN) Share Price After Disappointing Report
On Thursday, Amazon released its second-quarter report:
→ Earnings per share: actual = $1.26, forecast = $1.03;
→ Gross sales: actual = $147.98 billion, forecast = $148.66 billion.
Amazon’s CFO, Brian Olsavsky, attributed the decline in sales to distractions caused by Trump’s news coverage and the...
What Is the Gold/Silver Ratio, and How Do Traders Use It?
The gold/silver ratio, which measures the relative value of these two precious metals, is a vital tool for commodity traders. Understanding this relationship helps identify market trends and trading opportunities. This article explores how to calculate, analyse, and trade the gold/silver ratio...
Market Analysis: EUR/GBP Gains Strength
EUR/GBP is rising and might climb above the 0.8620 resistance.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is gaining pace and trading above the 0.8500 zone.
- There is a short-term contracting triangle forming with support near 0.8570 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the...
Market Analysis: GBP/USD Dives
GBP/USD started a fresh decline from the 1.2860 resistance zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below the 1.2800 support.
- There is a key bearish trend line forming with resistance near 1.2750 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis...
Apple (AAPL) Share Price Influenced by Psychological Factors
The first factor is the news that Warren Buffett is halving his position in AAPL shares. Whether this indicates that the legendary investor foresees the company losing its market leadership or a recession threat, Buffett's authority may create a psychological effect on retail investors and prompt them...
Nasdaq Composite Index: A Ray of Hope
On July 31, we noted that the Nasdaq Composite Index (US Tech 100 mini on FXOpen) had reached significant support, highlighting trendline A and warning of potential volatility spikes due to fundamental news from the Federal Reserve and earnings season.
Since then, the price of the Nasdaq Composite Index (US Tech 100 mini on...
5 Strategies for Traders in 2024
Trading strategies are essential tools for navigating financial markets. They provide a structured approach to trading decisions, leveraging technical indicators and patterns to identify opportunities. This article explores various potentially effective trading strategies, offering insights into how traders can apply them to...
EUR/USD Analysis: The Rate Has Risen to a Nearly 5-Month High
As shown by today’s EUR/USD chart, the rate rose this morning to 1.096 – its highest level since mid-March.
On one hand, this was driven by the weakness of the dollar. The USD fell sharply against other currencies following the release of labour market news on Friday (data from ForexFactory...
The Nikkei 225 Index Has Plummeted to a Nine-Month Low
As shown by the Nikkei 225 (Japan 225 on FXOpen) chart:
→ In less than a month, the index price has dropped by more than 25%, providing grounds to suggest the start of a bear market;
→ The price has approached the psychological level of 30,000 points – the last time the price was this low was in autumn...
What Is a Whipsaw, and How Can One Trade It?
A whipsaw occurs when a market exhibits sharp price movements in one direction, followed by a sudden reversal. This pattern can mislead traders and often leads to significant losses if not managed properly. This article explores the causes, identification, and approaches to navigating whipsaws.
Understanding a...
Weekly Market Wrap With Gary Thomson: GBP/USD, USD/JPY, MSFT and META Shares
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.
- Market Reacts Mildly To Fed Decision, Focus Shifts To Nonfarm Payrolls
-...
USD/CHF Falls to Lowest Level in Nearly Six Months
As today's USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn't been this strong against the US dollar since early February this year.
Bearish sentiment is driven by:
→ Expectations of a Fed rate cut, weakening the US dollar;
→ Low inflation in Switzerland – today's CPI data...
S&P 500 Index Price Falls Amid Negative News
Yesterday, disappointing news about the US economy was released. According to ForexFactory:
→ The ISM Manufacturing PMI fell from 48.5 to 46.8 (analysts expected a rise to 48.8), indicating a decline in industrial production.
→ The number of unemployment benefit claims reached 249,000 – the highest in 12 months.
As a...
Market Analysis: Oil Price Takes Hit
Crude oil is showing bearish signs and might decline below $75.00.
Important Takeaways for Oil Price Analysis Today
- Crude oil prices failed to clear the $78.20 region and started a fresh decline.
- There was a break below a connecting bullish trend line with support at $77.50 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Regains Strength
Gold price started another increase and surpassed the $2,440 resistance.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from the $2,420 zone against the US Dollar.
- A key bullish trend line is forming with support near $2,440 on the hourly chart of gold at FXOpen.
...
META Shares Rise Above $500
Yesterday, after the close of the main trading session, social media giant META reported its second-quarter results, significantly exceeding analysts' expectations:
→ Earnings per share: actual = $5.16, forecast = $4.72;
→ Revenue: actual = $39.07 billion, forecast = $38.26 billion;
→ Daily active users increased by 7% year-on-year...
