This week the reporting season begins — company results for the 4th quarter will certainly become one of the most important drivers of stock index prices, along with the publication of news about inflation, the labor market, and statements from the Federal Reserve.
Large banks will traditionally be among the first to report: JP Morgan, Bank of America, Wells...
In the complex world of forex trading, a myriad of factors contribute to the ever-shifting landscape of exchange rates. Among these, geopolitical risks stand out as potent catalysts capable of triggering significant fluctuations in currency values. This article delves into the intricate relationship between geopolitical events and forex markets, exploring how...
As of Friday morning, the situation on the USD/JPY market deserves attention:
→ the US dollar is on course to demonstrate its strongest week since July 2023. The media writes that markets are adjusting expectations regarding the easing of monetary policy by the Fed.
→ The yen fell about 3% against the US dollar in the first week of the year, which could be its...
Crude oil price is rising and it could climb further higher toward the $75.90 resistance.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices are moving higher above the $71.00 resistance zone.
There is a key bullish trend line forming with support near $72.60 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On...
Gold price is correcting lower from the $2,088 resistance.
Important Takeaways for Gold Prices Analysis Today
Gold price failed to clear the $2,088 resistance and corrected lower against the US Dollar.
A key contracting triangle is forming with support at $2,042 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart...
Fibonacci circles, a unique tool in the trading arsenal, offer a compelling blend of technical analysis and mathematical beauty. Rooted in the Fibonacci sequence, they provide traders with a distinct perspective on market trends and potential reversal points. This article delves into the practical application of Fibonacci circles, shedding light on how they can be...
According to Yahoo Finance, Barclays analysts downgraded AAPL shares to “underweight” and lowered their price forecast: they expect the share price to drop to USD 160 (although AAPL traded above USD 184 yesterday).
Analysts justified their decision by their expectations of a decrease in demand for new iPhone models. “Our checks remain negative on volumes and mix...
From the beginning of November to the end of December 2023, the dollar index futures price fell by approximately 5.5%, according to the CME exchange. The weakening of the USD was caused by the sentiment of traders who expected the Fed to cut interest rates in March. As a result of the sentiment that prevailed at the end of 2023, stock indices, gold (setting a...
The first Bitcoin block, also known as the genesis block, was mined on January 3, 2009 at 18:15:05 UTC. 15 years have passed and the value of Bitcoin is in the tens of thousands of US dollars.
In the first days of 2023, bitcoin was worth about $16,600 — and, as it turned out, this was the minimum. After all, then the BTC/USD rate went up and by the end of 2023...
Navigating the currency markets can be complex, but arming oneself with simple euro trading strategies can provide a clear path through the volatility. This article unpacks straightforward methods designed specifically for trading the euro, offering clarity and practical steps for both novice and seasoned traders looking to refine their approach to this...
USD/CAD is rising and might aim for more gains above the 1.3330 resistance.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3260 support zone.
There was a break above a major bearish trend line with resistance near 1.3260 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of...
GBP/USD declined below the 1.2715 support zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline below the 1.2715 support zone.
There is a key bearish trend line forming with resistance near 1.2680 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the...
The Japanese yen has been one of the worst performing currencies over the past couple of years. The situation could improve in 2024, writes WSJ.
The yen has lost about 20% against the dollar since the end of 2021, underperforming other major currencies. The reason is that Japan's central bank kept interest rates ultra-low while most of its peers raised them...
NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone.
Important Takeaways for NZD USD Analysis Today
NZD/USD is gaining bullish momentum above the 0.6320 support.
There is a short-term contracting triangle forming with support near 0.6320 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the...
AUD/USD is moving higher and might climb further above 0.6870.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar started a fresh increase above the 0.6760 and 0.6800 levels against the US Dollar.
There is a bullish flag forming with resistance near 0.6845 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the...
The Bill Williams Alligator indicator has become a mainstay in many traders’ toolkits. Utilising three moving averages to create the Alligator’s jaws, teeth, and lips, it provides deep insight into trends and potential reversals. This article breaks down the Alligator, offering three comprehensive strategies to leverage it effectively.
Understanding the Bill...
As the comparison chart shows, the ESX50 lags behind the US500. And this trend has been observed since mid-December, a period when central banks around the world published interest rate decisions and set expectations for the future. The divergence suggests that Europe's central bankers are in no rush to join the US turn to lower interest rates — even as investors...
Today, the price of Ethereum exceeded the level of 2,440 per token, thereby setting a new high for 2023. It is noteworthy that the price of Bitcoin did not support the bullish sentiment, continuing to fluctuate around the USD 43,000 level for the fifth day.
What is the reason for the growth of ETH/USD from a fundamental point of view? There is no obvious trigger...
