What Is a Dead Cat Bounce Pattern, and How Can One Trade It?
A dead cat bounce is a common pattern in financial markets, often confusing traders with its brief recovery followed by continued decline. Understanding this pattern is crucial for traders aiming to navigate market downturns. This article delves into what a dead cat bounce is, its causes, how to...
Weekly Market Wrap With Gary Thomson: GBP/USD, EUR/USD, USD/JPY, XAU/USD, NVDA Stock
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.
- GBP/USD Hits Four-Month High Following GDP Growth News
- Market...
Analysis of USD/JPY: Was There an Intervention?
Yesterday’s news of slowing inflation in the US sharply weakened the dollar, anticipating the Federal Reserve’s monetary easing. In the first 15 minutes after the data release:
→ EUR/USD rose by approximately 0.45% to the psychological level of 1.09;
→ GBP/USD increased by approximately 0.55%, reaching a 2024...
The Nasdaq 100 Index Fell Despite Positive Inflation News
Yesterday, Consumer Price Index (CPI) values were published, indicating a slowdown in the rate of inflation in the USA. According to ForexFactory:
→ CPI month-on-month: actual = -0.1%, forecast = 0.1%, previous month = 0.0%;
→ CPI year-on-year: actual = 3.0%, forecast = 3.1%, previous month = 3.3%.
The...
Market Analysis: EUR/GBP Struggles
EUR/GBP declined and is now consolidating losses above the 0.8400 region.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a bearish zone below the 0.8440 pivot level.
- There was a break above a connecting bearish trend line with resistance near 0.8425 on the hourly chart at FXOpen.
EUR/GBP...
Market Analysis: GBP/USD Eyes 1.3000
GBP/USD is gaining pace above the 1.2900 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.2950.
- There is a key bullish trend line forming with support near 1.2910 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the...
Is There the Best Time to Trade Stock CFDs?
If you ask experienced traders, many will say that they trade on certain days or at certain times of the day. Their choice is determined by the market dynamics, volatility, and liquidity. It’s crucial to understand when the best time of the day, week, and month to trade stocks may be. This FXOpen article delves into...
PepsiCo Stock Rebounds from Yearly Low Ahead of Earnings Report
The PepsiCo stock chart indicates:
→ Yesterday, the price dropped below $161, setting a new low for 2024.
→ However, by the end of the trading day, the price rose above $163.3, closing near the day's high.
This bullish intraday behaviour might suggest positive sentiment emerging ahead of today's...
GBP/USD Hits Four-Month High Following GDP Growth News
Today, the UK Office for National Statistics published data showing an increase in GDP.
According to Forex Factory:
→ A month ago, GDP was at 0.0% month-on-month;
→ This month, analysts had forecasted growth of 0.2%;
→ Actual growth reached 0.4%.
This news should be welcomed by the Labour Party, which...
Market Analysis: USD/JPY Bulls Seem Unstoppable
USD/JPY surged above the 160.00 and 161.40 resistance levels.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY climbed higher above the 160.50 and 161.40 levels.
- There is a connecting bullish trend line forming with support near 161.55 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
...
Market Analysis: EUR/USD Jumps
EUR/USD is climbing higher above the 1.0800 level.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a decent increase above the 1.0780 pivot level.
- There is a key bullish trend line forming with support near 1.0820 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly...
Analysts Raise NVDA Forecasts, Stock Price Rises
According to FactSet, in July, seven reputable analysts have raised their target prices for NVDA stock. KeyBanc analyst John Vinh, for instance, increased his target from $130 to $180 (approximately 33% above the current price).
Following these target increases, Nvidia's stock has risen, closing above the...
Analysis of NZD/USD: The "kiwi" sharply fell after the central bank's decision
The Reserve Bank of New Zealand (RBNZ) kept the interest rate unchanged at 5.5% on Wednesday.
The decision to maintain the interest rate was anticipated. However, market participants noted a shift in the tone of the RBNZ's official statements. In May, the bank indicated that the...
How to Trade a Break of a Trendline
Trading broken trendlines is a critical aspect of technical analysis. Understanding how to interpret and act upon the break of trendlines can make a significant difference to a trader's performance. This FXOpen article delves into the intricacies of trading broken trendlines, providing insights, strategies, and risk management...
XAU/USD Analysis: Gold Price Falls from Six-Week High
As shown by the XAU/USD chart, on Friday, 5 July, the price of gold rose above the $2390 level for the first time since 22 May. According to Reuters, this increase occurred following the release of key US employment data, which indicated a softening labour market, raising expectations of a Federal Reserve...
Brent Crude Oil Price Hits the Highest Level Since 1 May
Analysing the oil price on 19th June, we wrote that:
→ Amidst increasing demand for oil during the holiday season, Goldman Sachs analysts suggested that by the end of summer, the Brent price could rise to $86 per barrel with an upper limit around $90.
→ The price could reach the upper boundary of a...
The EUR/GBP rate fluctuates under the influence of political factors
On 10th June, we wrote that the EUR/GBP rate fell to a 21-month low after the European Parliament elections. Political fundamental factors continue to influence this pair.
As Reuters reports:
→ The euro is down on Monday amid unexpectedly strong results for the left-wing forces in the French...
How to Trade on Support and Resistance Reversals
Trading in the financial markets can be a complex endeavour, but it may become more manageable when traders have a solid grasp of support and resistance levels. Recognising support and resistance reversals is a crucial skill that may enhance one's trading performance. In this FXOpen article, we will learn the...
