Market Analysis: EUR/USD Dives
EUR/USD gained bearish momentum below the 1.0810 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline below the 1.0810 support zone.
- There is a connecting bearish trend line forming with resistance at 1.0760 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the...
How Do Dovish and Hawkish Monetary Policies Affect Markets?
In the intricate dance of global finance, central banks play a leading role, their policies echoing through markets and economies. The terms "dovish" and "hawkish" encapsulate their strategies towards interest rates and money supply, each with profound implications for currency values and investor...
AAPL Shares Drop Following the Apple Intelligence Presentation
Yesterday, 10 June, at the WWDC2024 conference, the American corporation Apple unveiled its new artificial intelligence system, Apple Intelligence (AI).
Apple Intelligence will allow users to enhance their text and communicate more effectively: rewriting, proofreading, and summarising text almost...
Goldman Sachs Predicts a Rise in Brent Crude Oil Prices
According to CNBC, Goldman Sachs analysts believe that Brent crude oil prices should increase in the third quarter due to summer fuel demand leading to a “significant” deficit—approximately 1.3 million barrels per day. They forecast that the price of Brent could rise to $86 per barrel with a “ceiling”...
Gold Price Drops After US Employment Report
As per ForexFactory, the Non-Farm Employment Change report revealed an actual increase of 272 thousand jobs (expected = 182k, previous value = 165k).
A robust job market provides further arguments for the Federal Reserve to continue its tight monetary policy. Consequently, the news led to a rise in the dollar index...
EUR/GBP Rate at 21-Month Low Post-European Parliament Elections
Investors will begin the week in a state of uncertainty regarding the outlook of Europe's political landscape.
The four-day European Parliament elections concluded on Sunday. According to Reuters, the results showed a significant gain for eurosceptic-nationalists, who have displaced liberals and...
Trend Reversals and the Sushi Roll Reversal Pattern
Understanding trend reversals is essential for optimising trading and managing risks. This article delves into the concept of trend reversals, with a focus on the Sushi Roll reversal pattern—a sophisticated tool that helps traders anticipate significant market shifts—exploring its formation, context, and...
Weekly Market Wrap With Gary Thomson: S&P 500, US Dollar, Gold and Silver, MSFT 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.
- S&P 500 Index: Latest Analysts’ Forecasts
- The Dollar Continues...
EUR/USD Analysis: ECB Cuts Interest Rate for First Time Since 2019
By its decision, the ECB followed the example of the Bank of Canada, which lowered interest rates by 0.25%, as we reported yesterday. Consequently, this trend might continue with the Federal Reserve, marking the development of easing monetary policy cycles in Western economies.
According to...
Market Analysis: Crude Oil Price Rises
Crude oil is recovering and might rise toward the $78.40 resistance zone.
Important Takeaways for Oil Prices Analysis Today
- Crude oil is recovering losses and trading above the $74.30 support.
- There was a break above a connecting bearish trend line with resistance near $73.50 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Gains Traction
Gold price started a fresh increase above $2,350.
Important Takeaways for Gold Prices Analysis Today
- Gold price started a decent increase from the $2,315 zone against the US Dollar.
- A major bullish trend line is forming with support at $2,368 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis...
Mastering Multiple Timeframe Trading Strategies
In the fast-paced world of trading, the ability to analyse and interpret multiple timeframes can be one of the advantages of a trader. In this FXOpen article, we will delve into the concept of multiple timeframes in trading and consider two multiple timeframe trading strategies based on it.
Understanding Multiple...
USD/CAD Analysis: Bank of Canada Cuts Interest Rate by 0.25%
This occurred yesterday and was in line with analysts' forecasts, according to a Bloomberg survey.
According to statements from the Bank of Canada:
→ Price growth indicators for consumer price index components have further decreased and are close to their historical average;
→ Recent data has...
The Price of Silver Is Acting Weaker Than Gold
According to Reuters, precious metal prices have risen in the past 1-2 days as Treasury yields have fallen, enhancing metals' appeal as a "safe haven" for investor portfolios.
Currently:
→ Expectations are growing that US interest rate cuts may begin as early as September;
→ Market participants are focusing on...
Is ADBE Stock Undervalued?
The stock chart for Adobe Systems shows that on May 31, 2024, the price fell below $440 – for the first time since June 2023. This drop was partly due to increased competition from Canva, which released updated tools.
However, in early June, the decline did not continue, suggesting that ADBE stock is consolidating around a multi-month...
S&P 500 Index: Latest Analysts’ Forecasts
Over the three spring months, the S&P 500 (US SPX 500 mini on FXOpen) rose by 3.5% – not the worst result, but it might be disappointing considering that in the first two months of the year the index increased by 7.8%.
This trend suggests that:
→ the rally driven by interest in AI is slowing down;
→ stock market...
How Can You Trade Using Order Flow? 3 Trading Strategies
Understanding the intricacies of order flow trading unlocks the door to deeper market insights, revealing not just the movements of prices but the forces driving them. In this FXOpen article, we’ll explore how order flow works, its components, and how it can be used within three comprehensive trading...
Market Analysis: NZD/USD Could Continue Higher
NZD/USD is showing positive signs and might attempt a fresh increase above 0.6200.
Important Takeaways for NZD USD Analysis Today
NZD/USD is gaining pace above the 0.6145 support zone.
There is a major bullish trend line forming with support at 0.6170 on the hourly chart of NZD/USD at FXOpen.
NZD/USD...
