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,...
The EUR/USD chart indicates an interesting situation from the point of view of technical analysis, namely, a “nested” head-and-shoulders pattern.
The global bearish SHS pattern is formed by the peaks of February, April, June.
The local bearish SHS pattern is formed by three peaks formed in the second half of June. This should give confidence to the bears, who...
Important Takeaways for NZD/USD Analysis Today
NZD/USD declined heavily below the 0.6125 support zone and tested 0.6050.
There was a break above a major bearish trend line with resistance near 0.6070 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD at FXOpen, the pair also followed a similar pattern and...
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar started a fresh decline from well above the 0.6750 level against the US Dollar.
There is a key bearish trend line forming with resistance near 0.6630 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair started a fresh...
If you’re interested in trading but don’t have the time to day trade, position trading might be for you. In this guide, we’ll dive into the topic, answering the question, “what is position trading?” and providing some examples so you can develop your own strategy.
Position Trading Definition
To start, we need to define position trading. Position trading...
Yesterday, a forum of heads of central banks was held, organized by the ECB, with speeches by Lagarde, Powell, Ueda, Bailey. In general (with the exception of Japan), according to bankers, they intend to maintain a tight monetary policy, not excluding new increases in interest rates, and plan that inflation will continue to decline.
Against the background of this...
AAPL's price topped USD 189/share yesterday, coming close to the psychological USD 190/share level. Since the beginning of the year, the AAPL price has risen by about 50%.
The bullish momentum is fueled by both the AI hype and the improvement in Apple's product line:
→ Apple Watch Ultra and iPhone 15 expected this fall.
→ According to CNBC, the company is...
The GBP/JPY chart shows that this currency pair is in an uptrend (nearly +17% YTD) which can be explained by differences in economies. While the UK is fighting a rate hike against inflation (which has shown double digits), Japan continues to pursue an ultra-soft monetary policy.
Technically, the bulls still have a chance to reach the upper boundary of the channel...
USD/JPY is consolidating gains and might rally further above 144.20.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY is trading in a positive zone above the 143.40 and 143.70 levels.
· There is a major bullish trend line forming with support near 143.70 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at...
