This happened against the backdrop of rising US bond yields. Reuters writes that it is in the region of a 16-year high. It is reasonable to assume that big capital was balancing its defensive portfolio by selling the franc, considered a safe haven, and buying dollars to invest in American bonds, which also have high-quality status.
On July 13, we wrote that the...
In our article “Oil Analysis: Finally, A Bearish Reversal?” on September 21, we drew attention to emerging signs that the initiative was shifting to the bears. This was noticeable in the changes in the dynamics of impulses and corrections, as well as in the analysis of the interaction between trading volumes and prices.
Since then, the bulls were able to update...
Job openings rose to 9.6 million in August, the highest level since April, the US Bureau of Labor Statistics reported yesterday. That's nearly 700,000 more than in July and well above the Dow Jones forecast of 8.8 million.
A strong labor market may indicate a growing economy, but why did E-mini S&P 500 futures fall to their lowest level since early summer? It's...
USD/JPY is again rising and might climb toward the 150.00 level.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 148.00 and 148.75 levels.
· There was a rejection noticed near a bearish trend line at 150.15 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started...
EUR/USD remained in a bearish zone and declined below 1.0530.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a fresh decline below the 1.0530 support zone.
· There is a short-term bearish trend line forming with resistance near 1.0475 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at...
How to Measure Volumes with the Volume Profile Visible Range Indicator
In the intricate landscape of financial markets, grasping the significance of trading volume across various assets is paramount. This aspect of the market represents the ability to dissect and comprehend its dynamics— a skill often developed by experienced traders. Working with established...
Never in its history has the euro fallen for 11 weeks in a row against the dollar, but it happened. The minimum has been set for 2023.
The reason seems to be that in an environment where central banks are raising rates to combat inflation, the US economy appears to be favored. Yesterday's batch of news confirmed this:
→ US ISM Manufacturing PMI index turned out...
Last week, the Meta Connect event took place, where the following were presented:
→ new Ray-Ban Meta Smart Glasses with a camera and microphones, including for broadcasting on social networks. The price of the gadget is USD 299;
→ Meta Quest 3 virtual reality helmet priced at USD 499;
→ AI characters for social networks, as well as Meta AI chatbot.
Overall, the...
On Friday, silver was trading at USD 23.5 per ounce, but on Monday morning it dropped below USD 21.7 – a difference of 7.5%.
Fundamental influencing factors are not clearly identified, but it can be assumed that the sharp drop was facilitated by:
→ the fact that a shutdown of US government agencies was avoided, since the authorities reached a budget agreement –...
Understanding volume and volume indicators is crucial for anyone looking to understand the financial markets. This article offers traders insights into the five of the best volume indicators, allowing them to gauge market trends, momentum, and potential reversals.
Understanding Volume and Volume Indicators in Trading
In trading, volume refers to the quantity...
EUR/GBP is rising and might climb above the 0.8675 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is rising and trading above the 0.8660 zone.
· There is a major bearish trend line forming with resistance near 0.8675 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a...
GBP/USD is struggling below the 1.2235 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is showing bearish signs below 1.2235 and 1.2270.
· There is a key bullish trend line forming with support near 1.2160 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the...
September is likely to be the second month in a row that the Dow Jones (US 30) stock market index declined. The last time this happened was... also in September, a year ago.
Important economic data was published yesterday:
→ According to a revised report released by the Bureau of Economic Analysis, US real GDP increased 2.1% year over year in the second quarter....
The decline in the price of the asset considered a safe haven was facilitated by rising bond yields, which are becoming more attractive for investment in a high-interest environment. According to top Federal Reserve officials, new increases are possible to achieve inflation targets.
At yesterday's low, the price fell below 1,860 per ounce for the first time since...
Crude oil price is now correcting gains and trading below the $92.00 support.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices are now correcting lower below the $92.00 zone.
· There was a break below a key bullish trend line with support near $92.50 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly...
Gold price is moving lower below the $1,885 support.
Important Takeaways for Gold Prices Analysis Today
· Gold price failed to clear the 1,915 resistance and moved lower against the US Dollar.
· A major bearish trend line is forming with resistance near $1,865 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold...
The Chop Zone indicator serves as an intuitive tool for traders. Using a distinct colour-coded system, it provides instant insights into market momentum, offering an at-a-glance view of trends and reversals. This article delves into its intricacies and how to take advantage of its signals.
What Is a Chop Zone in Trading?
So what is a Chop Zone indicator? A...
