USD/JPY: The Yen Pauses in Anticipation of the Bank of Japan's Decision
In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today or tomorrow due to the...
Trading Forex and Bitcoin with CFDs: How Does It Work?
In the dynamic world of financial markets, currencies and cryptocurrencies represent two distinct assets with unique characteristics. This article aims to demystify these popular trading avenues, focusing on their mechanisms, risks, and opportunities. As we delve deeper, we'll compare forex trading with...
NASDAQ 100 Reaches Historic High. META Shares May Surpass the Historical High
The American stock index NASDAQ 100 has set a new historical high, surpassing the psychological mark of 17,000 points.
The growth was attributed to:
→ Analysts at Bank of America raising the rating of AAPL stocks, recommending them for BUY. The price of AAPL shares rose by almost...
EUR/GBP declined steadily below the 0.8585 and 0.8570 support levels.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP is trading in a bearish zone below the 0.8585 pivot level.
There is a connecting bearish trend line forming with resistance near 0.8570 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP...
GBP/USD is attempting a recovery wave above the 1.2690 resistance.
Important Takeaways for GBP/USD Analysis Today
The British Pound is attempting a fresh increase above 1.2650.
There is a key contracting triangle forming with support near 1.2690 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at...
Navigating the complex waves of the forex market requires an astute understanding of various economic indicators. Among them, the nonfarm payroll report stands out as a pivotal monthly metric that can significantly sway currency values. This article demystifies the intricacies of this influential report, walking through what to know before trading it.
Nonfarm...
OPEC Forecasts an Increase in Oil Demand in 2024
Yesterday, the monthly oil market review was published:
→ OPEC expects global oil demand to increase by 2.25 million barrels per day (b/d) in 2024, representing a 2.2% increase compared to 2023.
→ In 2025, OPEC predicts a demand increase of 1.85 million barrels per day, reaching 106.21 million barrels per day....
The UK100 Price Plummeted After the Publication of Inflation Data
Yesterday, the stock market in the United Kingdom experienced a sharp decline following the release of new inflation data. The UK100 price, reflecting the leading British stock index FTSE, dropped approximately 1.5%. Moreover, the RSI indicator on the 4-hour chart fell below the value of 18 for...
Crude oil prices declined steadily below the $72.90 support and moved into a bearish zone.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices extended downsides below the $72.90 support zone.
A major bearish trend line is forming with resistance near $72.20 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On...
Gold price is correcting gains below the $2,040 support.
Important Takeaways for Gold Prices Analysis Today
Gold price climbed higher toward the $2,060 zone before it corrected lower against the US Dollar.
A key bearish trend line is forming with resistance near $2,040 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the...
The Dollar Continues to Strengthen since the Beginning of the Year
The dollar index is hovering at a one-month high against a basket of currencies as remarks from Federal Reserve Chairman Christopher Waller dampened expectations of a March rate cut.
He said that while the U.S. is "within striking distance" of the Fed's 2% inflation target, the Fed should not...
Trading in the financial markets requires a blend of intuition, analysis, and well-tested strategies. This article delves into three of the top trading strategies that offer valuable insights to traders of all experience levels. We’ll break down their specific components, entries and exits and explain why they work for stock market trading and trading in other...
Microsoft Becomes the Most Expensive Company in the World, Surpassing Apple
According to the results of trading shares of AAPL and MSFT yesterday, the market capitalization is:
→ Apple: USD 2.875 trillion.
→ Microsoft: USD 2.887 trillion.
This is facilitated by:
→ positive expectations of investors in shares of MSFT, connected with the leading positions of the...
On January 11, the highly publicized Bitcoin ETF began trading after it was officially approved by the SEC. On this day, the price of Bitcoin exceeded USD 48,800, as shown by the chart. Bloomberg writes that new US spot funds achieved net inflows of USD 819 million in the first two days of trading.
However, from the high on January 11, a dizzying fall began, and...
In forex trading, currency correlation and diversification strategies are vital tools for managing risk and optimising returns. This article explores the nuances of these techniques, providing traders with insights to navigate the forex market effectively using currency correlation.
Understanding Forex Correlation and Diversification
In forex trading,...
US CPI data published yesterday did not meet expectations. Analysts predicted 3.2%, but in fact it turned out = 3.4% (value a month ago = 3.1%). This hardly means a reversal of the large-scale trend toward weakening inflation (a year ago CPI = 6.5%), but to some extent investors have become wary. According to FedWatch, expectations for a rate cut by the Federal...
NZD/USD is also rising and could extend its increase above the 0.6255 resistance zone.
Important Takeaways for NZD USD Analysis Today
NZD/USD is showing positive signs above the 0.6220 support.
There is a major bearish trend line forming with resistance near 0.6255 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly...
AUD/USD is moving higher and might rally if it clears 0.6725.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar started a fresh increase above the 0.6680 and 0.6695 levels against the US Dollar.
There is a key bearish trend line forming with resistance near 0.6715 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On...
