USD/JPY Falls Below 150 Yen per Dollar
The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY.
Yesterday, the Bank of Japan raised interest rates to levels not seen in the past 15 years. Conversely, the Fed kept rates unchanged as expected but "opened the door" for a possible cut in September,...
How to Use Artificial Intelligence for Stock Trading
As you may know, AI can mimic human intelligence and make decisions based on data analysis. Artificial intelligence can be used in stock trading to analyse historical market and stock data, generate investment ideas, form portfolios, and automatically buy and sell stocks. AI is able to quickly process huge...
MSFT Share Price Plummets After Earnings Report, But It’s Not All Bad
Yesterday, after the main trading session on the Nasdaq, Microsoft released its second-quarter report:
→ Earnings per share: actual = $2.95, forecast = $2.93;
→ Gross revenue: actual = $64.72 billion, forecast = $64.38 billion.
Despite key figures exceeding analyst expectations, MSFT's share...
Market Analysis: NZD/USD Attempts Recovery
NZD/USD also tumbled and is now attempting a recovery from 0.5850.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is attempting a recovery wave from the 0.5850 zone.
- There was a break above a key bearish trend line with resistance at 0.5880 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical...
Market Analysis: AUD/USD Remains At Risk
AUD/USD declined heavily from well above 0.6650.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar started a major decline below the 0.6610 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance near 0.6530 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
Nasdaq Composite Index Reaches Key Support
Important news days are ahead, with high volatility likely in the US stock markets.
The Federal Open Market Committee (FOMC) will announce its monetary policy decision today at 21:00 GMT+3. Wall Street expects the FOMC to keep the rate unchanged at 5.25%. Traders will then analyse Fed Chair Jerome Powell's speech at...
Problems of Technical Analysis
Trading is a complex endeavour that involves many factors. The ability to analyse markets is something that allows traders to overcome trading difficulties. Technical analysis is widely used by traders to make informed decisions about the price movements of various assets, including stocks, currency pairs, and cryptocurrencies*....
Analysis of AMD Share Price Ahead of Today's Report
The earnings season is in full swing: over 200 companies in the S&P 500 index (SPX 500 mini on FXOpen) have reported their current cycle results, with average earnings up 6.5% year-on-year and revenue growth of 4.1%, according to a client note from Oppenheimer Asset Management published on Monday.
This week,...
McDonald's Share Price Rises Despite Disappointing Report
On Monday, before the start of regular trading, McDonald's reported its second-quarter results:
→ Earnings per share: actual = $2.97, expected = $3.07;
→ Gross revenue: actual = $6.49 billion, expected = $6.62 billion;
→ Net profit for the quarter was $2.02 billion, 12% less than the previous year.
The...
Why Interest Rates Matter for Forex Traders
Delve into the intricate world of forex, where interest rates stand as towering beacons guiding currency movements and trader strategies. From the fundamentals of central bank operations to the subtle nuances of the carry trade, uncover how they shape the global financial tapestry, dictating economic outcomes and...
The Price of Natural Gas Finds Support. But for How Long?
On 21 June, we wrote that the trend in the market was weakening, noting that:
→ Forecasts of a hotter summer, published during April-May, led to a sustained bullish trend in the natural gas market.
→ According to the technical analysis of the 4-hour XNG/USD chart and the signs of weakness that have...
Inflation's Impact on Stock Returns
Inflation's pervasive influence on the financial landscape cannot be understated. It affects everything from everyday spending to large-scale investing. This FXOpen article dives into the intricate relationship between inflation and stock returns, unravelling the multifaceted dynamics at play. Join us as we dissect the...
Weekly Market Wrap With Gary Thomson: Nasdaq, EUR/USD, USD/CHF, Crude Oil, Alphabet Inc. 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.
- Nasdaq Composite: Worst Session since Late 2022
- Market...
Analysis of AUD/USD: Exchange Rate Falls to Early May Low
As indicated by the 4-hour AUD/USD chart today:
→ the rate fell below 0.652, a level last seen on May 2;
→ the RSI indicator dropped below 15, a level last seen during the panic over the spread of COVID-19 in spring 2020.
The weakening of the Australian dollar could be linked to participants'...
Analysis of AMZN Stock: Price at 1.5-Month Low
As shown in the AMZN chart, the stock price dropped below:
→ the psychological level of $180;
→ the mid-June interim low.
The last time AMZN traded below $180 was in early June.
Thus, AMZN has faced sell-offs, similar to other tech stocks whose charts we've published this week. A widely mentioned reason for the...
What Are Bullish and Bearish Breakaway Candlestick Patterns?
Candlestick patterns are a vital tool for traders, offering insights into market sentiment and potential price movements. Among these formations, breakaway patterns are particularly notable for their ability to signal trend reversals. This article delves into the specifics of these formations,...
Analysis of USD/JPY: Yen Strengthens by 5.5% Against US Dollar in 2 Weeks
On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153.
According to Reuters, this could be attributed to effective intervention by the Bank of Japan.
While intervention was anticipated when the yen weakened to extreme levels not seen since 1983, Tokyo...
Nasdaq Composite: Worst Session Since Late 2022
As indicated by the Nasdaq Composite chart (US Tech 100 mini on FXOpen), yesterday's decline was -2.62% in a single session.
Thus, tech stocks experienced the sharpest drop since late 2022, with around 75% of companies in the Nasdaq Composite index closing in the red.
Alphabet (GOOG) shares, the parent company of...
