In an interview with Fox Business, the CEO of Black Rock fund (over $8 trillion under management), Larry Fink, made some positive comments about bitcoin. Briefly:
→ bitcoin can become a catalyst for the tokenization of various assets and securities, which, in turn, can lead to a revolution in the financial sector;
→ bitcoin has unique properties that distinguish...
Gold price is moving lower below the $1,918 support.
Important Takeaways for Gold Prices Analysis Today
· Gold price failed to clear the $1,930 resistance and start a fresh decline against the US Dollar.
· A major bearish trend line is forming with resistance near $1,925 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart...
Earlier we wrote about the reasons for the weak behavior of the UK stock market.
Firstly, it is the highest inflation among the G7 countries.
Yesterday JP Morgan analysts suggested that the base rate in the UK could be raised to 7% under certain scenarios. And the likelihood of a hard landing for the British economy next year is rising due to the impact of...
Since the beginning of the year, the NFLX share price has risen by about 55% (for comparison, the S&P 500 index growth was 16% over the same period), and yesterday NFLX reached a price of USD 450 per share — the highest since the beginning of the year.
Bullish sentiment in the market was facilitated by news from analysts at Goldman Sachs, who upgraded the rating...
Understanding market trends is critical to trading success. The Guppy Multiple Moving Average is a powerful tool that can help traders gauge trends and identify potential reversals. In this article, we’ll explore the basics of the Guppy Multiple Moving Average, its various applications, and how to trade its signals.
What Is the Guppy Multiple Moving Average?...
Position trading is a time-tested approach to the financial markets, allowing traders to profit from long-term trends. In this article, we’ll explore the top four strategies for positional trading, discuss the features of successful position traders, and briefly examine three essential indicators that can help with your position trading journey.
What Is Position...
USD/CHF is rising and might aim a move toward the 0.9015 resistance.
Important Takeaways for USD/CHF Analysis Today
· USD/CHF is gaining pace above the 0.8965 resistance zone.
· There is a key bearish trend line forming with resistance near 0.8980 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 from the 1.0930 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro struggled to clear the 1.0930 resistance against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.0890 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at...
There is some lull (consolidation) in the USD/JPY market, which is evidenced by the width of the Bollinger bands, which dropped to the lows of the end of February on the 4-hour chart. Bank holidays in the US in connection with the celebration of Independence Day contributed to the decrease in volatility.
However, the calm could be replaced by a storm.
The...
Despite a quiet start to the week for the US holidays, there is still plenty going on. The Reserve Bank of Australia unexpectedly kept interest rates at 4.1%, sending the Aussie dollar lower before flying back like a boomerang to where it was trading, at 0.6680 against the USD.
On Wednesday (21:00), we get to see the minutes of the FOMC's last meeting, where they...
According to Bloomberg, the world's richest people got even richer in the first half of 2023. Musk tops the list with +USD 96.6 billion, followed by Zuckerberg with +USD 58.9 billion. The staggering growth in personal wealth is driven by the bullish stock market of META (up more than +140% since the beginning of the year) and TSLA (up more than +150% since the...
2020 may well have been the year of the massive rises in the value of stocks of Silicon Valley-based big tech companies, largely because their area of 'tech' is around e-commerce, social networks, online streaming services and internet access.
This new era of what constitutes technology – online services rather than mechanical engineering – means that during...
The graph of popular stock indices shows that since the beginning of the year, the Nasdaq index has managed to achieve the best result (almost + 40%), while the FTSE shows itself worse than others (about 0%). What are the reasons behind that?
The Nasdaq (NDX 100) is bullish because the index:
→ comprises tech stocks that are rapidly rising in value amid the...
EUR/GBP declined and now trading below the 0.8595 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP started a fresh decline from the 0.8660 resistance zone.
· There is a major bearish trend line forming with resistance near 0.8595 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair...
GBP/USD jumped above the 1.2650 and 1.2690 resistance levels.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is trading in a bullish zone above 1.2650 against the US Dollar.
· There was a break above a key bearish trend line with resistance near 1.2650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart...
North American multinational computer hardware giant, NVIDIA, has demonstrated over the past few years that there are areas of the tech industry in which hardware is far from obsolete.
It may well be the case that most traditional computer hardware, apart from smartphones, tablets and laptops, has now been replaced by online storage, cloud hosting and streaming...
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.
Yesterday, NKE's share price closed above USD 113, but trading today could open below USD 109 per Nike share.
The reason is in the weak report released by the company. Analysts note a drop in demand for products, which may mean a "wake-up call" for consumption in the US economy, squeezed by tight monetary policy.
According to finance professor Jeremy Siegel,...
