Nvidia's Successes Helps S&P 500 Price Reach Its All-time High
Yesterday, the price of the S&P 500 stock index rose to record closing highs on Thursday. Moreover, such a growth rate (+2.11% per day) has not been observed for 13 months.
Reasons for Extremely Bullish Sentiment:
→ Nvidia's report, which showed impressive earnings and prospects (the company...
Market Analysis: NZD/USD Grind Higher Steadily
NZD/USD is also rising and could extend its increase above the 0.6220 resistance zone.
Important Takeaways for NZD/USD Analysis Today
NZD/USD is showing positive signs above the 0.6180 support.
There is a major bullish trend line forming with support at 0.6190 on the hourly chart of NZD/USD at FXOpen.
...
Market Analysis: AUD/USD Grind Higher Steadily
AUD/USD is moving higher and might rally if it clears 0.6600.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar is moving higher from the 0.6540 zone against the US Dollar.
There is a key bullish trend line forming with support at 0.6555 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
Three Simple Intraday Strategies
Intraday trading is a technique that commands your attention, rewarding those who can swiftly analyse market data and act decisively. Armed with the right strategies, traders can make the most of market fluctuations within a single trading day. This article explores three successful intraday trading strategies: Breakout + 50%...
EUR/USD Analysis: Euro Showing Signs of Strength
Today news was published about the values of PMI indices for European economies. Data from France was encouraging:
→ French Flash Manufacturing PMI: actual = 46.8, expected = 43.5, a month ago = 43.1;
→ French Flash Services PMI: actual = 48.0, expected = 45.7, a month ago = 45.4.
Data from Germany were less...
NVDA Share Price Soars 11% after Report
The signs of concern we wrote about yesterday have largely subsided. After three days of declines, the price of E-mini Nasdaq 100 futures bounced off the lower boundary of the channel (see yesterday's chart) and rose, led by NVDA stock.
Nvidia's quarterly report exceeded expectations:
→ earnings per share: actual = USD...
We previously wrote about the reasons for the positive sentiment in the ETH/USD market.
Optimism was added by a post on X (Twitter) by Vitalik Buterin about the so-called Werkle trees. This technology, which should (according to the information in the roadmap) be introduced in the future, it includes the advantages of:
→ reduced requirements for validators;
→...
NASDAQ Price Declining Ahead of NVDA Report
E-mini NASDAQ 100 futures fell below the psychological 17,500 level yesterday after trading above 18,000 on Friday.
The reason for the decline may be the fears of market participants ahead of the news release:
→ today after the close of the main trading session, Nvidia, the 5th largest company by capitalization, will...
Market Analysis: While USD/JPY Dips
USD/JPY is declining and showing bearish signs below the 150.40 level.
Important Takeaways for USD/JPY Analysis Today
USD/JPY is trading in a bearish zone below the 150.40 and 150.15 levels.
There is a major bearish trend line forming with resistance near 150.15 on the hourly chart at FXOpen.
USD/JPY Technical...
Market Analysis: EUR/USD Starts Increase
EUR/USD gained bullish momentum above the 1.0800 resistance.
Important Takeaways for EUR/USD Analysis Today
The Euro remained in a bullish zone and climbed above the 1.0800 resistance zone.
There is a key bullish trend line forming with support near 1.0790 on the hourly chart of EUR/USD at FXOpen.
EUR/USD...
The Fixed Range Volume Profile (FRVP) has long been favoured by traders for its ability to accurately predict the market direction and key turning points. However, its complex appearance can put some traders off. In this FXOpen article, we’ll take a deep dive into the FRVP, how to use it in a trading strategy, and some common mistakes to avoid.
The Fixed Range...
Will investors focus on commodities in the advent of tomorrow's FOMC Minutes?
Just over a day remains before the Federal Open Market Committee (FOMC) in the United States is set to release the minutes from its policy meeting, which was held at the end of January.
Ordinarily, announcements such as this are considered to be very important events in the global...
GBP/JPY: Price Corrects from 8.5 Year High
According to CNN, the economies of the UK and Japan entered a technical recession last week as data showed a second consecutive quarterly decline in gross domestic product. And if in the UK the economic downturn can be associated with high inflation and the strict policies of the Bank of England, then in Japan the...
How to Perform Order Flow Analysis in Forex
In trading, understanding the mechanics behind market movements is crucial. This article delves into the concept of order flow analysis, focusing on its unique challenges in the decentralised forex market, and offers alternative strategies rooted in supply and demand dynamics.
Order Flow Analysis and Its Limitations...
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TSLA Share Price Rises Sharply amid News of Musk's Increased Stake in the Company
According to media reports, Elon Musk has increased his stake in Tesla by more than one and a half times — previously, the billionaire owned approximately 13% of the shares, now he owns 20.5% of Tesla. And earlier it was reported that Musk wants to increase his stake in Tesla to at...
Gold Price Recovers from Year Lows
On Wednesday, the gold price XAU/USD set a year low due to news about inflation in the US, which “does not want” to decline to target levels.
As a result, market participants are revising their estimates regarding the price of gold with the prospect that the Fed's tight policy may last for a longer time, as well as taking into...
Trading Strategies with the Relative Strength Index
The Relative Strength Index (RSI) is a cornerstone in the world of technical analysis, assisting traders in capitalising on momentum-based opportunities. This article delves into three sophisticated RSI strategies, shedding light on how to deploy the indicator in different trading scenarios.
RSI in Trading...
