Investors in the US stock market have serious reasons to worry:
→ The likelihood of a shutdown of government agencies is becoming more and more real. It could happen as early as next week if a budget agreement is not reached (A new fiscal year begins on October 1 in the United States).
→ The prospect of a high policy rate that could last longer than expected is...
Yesterday, the head of the SEC regulator, Gary Gensler, answered questions for 4 hours before the Financial Services Committee of the US House of Representatives, which, among other things, related to cryptocurrencies.
What has become known:
→ on the eve of the hearing, Gary Gensler was sent a letter from four members of the US Congress demanding approval of...
As the chart shows, the day before yesterday, a barrel of WTI cost USD 87.87, but this morning, the price exceeded the level of USD 93. That is, the growth was more than 6% in just 2 days.
The main driver of such growth remains the voluntary reduction in oil production by OPEC+ countries. Added to this was the market's reaction to yesterday's news about the...
Chart patterns play a vital role in predicting future market trends. Among numerous chart formations used by traders, the Adam and Eve chart pattern holds a unique position, particularly for short-term bullish reversals. This article will dissect the nuances of this setup and provide a blueprint on how to capitalise on its signals effectively.
How to Identify...
After the Fed signaled last week that rates may be higher for longer than expected, the US stock market has received a strong bearish boost. And among the most vulnerable assets were technology stocks (considered risky). The NASDAQ index has already fallen by about 6% since last Wednesday (when the FOMC meeting took place). And the negative backdrop from the Fed...
USD/CHF is rising and might aim a move toward the 0.9220 resistance.
Important Takeaways for USD/CHF Analysis Today
· USD/CHF is gaining pace above the 0.9135 resistance zone.
· There is a key bullish trend line forming with support near 0.9150 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair...
EUR/USD started a fresh decline below the 1.0615 support.
Important Takeaways for EUR/USD Analysis Today
· The Euro struggled to clear the 1.0670 resistance and declined against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.0585 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart...
In trading, Williams’ indicators stand out for their distinct approach to market analysis. Employed in many successful traders’ strategies, they can provide unique insights that help traders navigate the market with confidence. This article explores two key Williams’ strategies and provides insights into their applications, benefits, and potential challenges in...
USD/JPY Analysis: For the First Time This Year, the Rate Exceeds 149 Yen Per Dollar
The reason for the stable trend, as we have repeatedly pointed out, is the difference in the monetary policy of the USA and Japan. Inflation in Japan has been above 2% for more than a year, and the media are increasingly publishing expert opinions that the Bank of Japan will...
The yield on 10-year bonds exceeded 4.5% per annum – a 16-year high. The demand for them was promoted by:
→ tough statements from the Fed last week that the high base interest rate will remain as long as necessary. Moreover, Minneapolis Fed President Neel Kashkari said he expects another increase;
→ concerns related to the likelihood of a US government shutdown on...
When it comes to technical analysis, traders and investors rely on a variety of tools to help them make informed decisions. One popular tool in their arsenal is the envelopes indicator. This helps identify potential buy and sell signals, overbought or oversold conditions, and trend directions. In this FXOpen blog post, we will explore envelopes, their settings,...
The main event of last week was information from the Fed. Jerome Powell once again demonstrated his determination to maintain a tough political stance, which caused:
→ increase in bond yields. Yields on 10-year securities reached their highest since 2009;
→ the dollar index jumped to its highs of the year;
→ stock markets fell — especially NASDAQ. This increases...
USD/CAD is rising and might aim for a move above the 1.3520 resistance zone.
Important Takeaways for USD/CAD Analysis Today
· USD/CAD is showing positive signs above the 1.3400 support zone.
· There is a major bullish trend line forming with support near 1.3450 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen,...
GBP/USD is gaining pace below 1.2300.
Important Takeaways for GBP/USD Analysis Today
· The British Pound started a fresh decline below the 1.2500 support zone.
· There is a key bearish trend line forming with resistance near 1.2260 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair...
Divergence trading is a cornerstone concept in the realm of technical analysis, offering traders a unique perspective on potential market reversals. By comparing asset prices with momentum indicators, traders can discern subtle shifts in market dynamics. This article delves into the intricacies of divergence trading, featuring strategies using the RSI, MACD, and...
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
Today, fresh monthly values of the PMI index, which is considered a leading indicator of the state of the economy, have become known:
→ France: actual 43.6, expected 46.2. This is the worst economic contraction since the coronavirus.
→ Germany: actual 39.8, expected 39.5.
As a reminder, values below 50 indicate a slowing economy.
Thus, the PMI witnessed the...
This morning, the Bank of Japan's decision on the interest rate, which has been kept at -0.1% since 2016, became known. The rate size remained unchanged.
Although surprises could occur due to the fact that inflation is still above the central bank's target of 2% for the 17th month in a row. So a tightening of policy is becoming more and more likely. CNBC writes...
