The price is driven up by:
→ the policy of limiting oil production by OPEC+ countries. For example, Saudi Arabia last week announced a cut in production by 1 million barrels per day until the end of September, adding that the decision could be extended. Russia is also reducing production volumes. We wrote about the scenario of increasing growth in the price of...
USD/JPY is rising and might climb further toward the 145.00 resistance zone.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 142.50 and 143.00 levels.
· There is a major bullish trend line forming with support near 143.00 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen,...
EUR/USD started a fresh decline from 1.1040.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a fresh decline from the 1.1040 resistance zone.
· There is a key bearish trend line forming with resistance near 1.0975 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair...
Navigating the markets often requires additional tools that can provide insight into trends. One such tool is the true strength index, which helps traders identify overbought and oversold conditions and quantify the strength of trends. In this FXOpen article, we’ll explore what the true strength indicator’s lines mean, what signals it produces, and its...
The latest news from the world of cryptocurrencies could be both bearish and bullish drivers:
→ PayPal launches a stablecoin that will be pegged to the dollar and backed by US Treasuries;
→ Cathie Wood believes that the SEC can approve several BTC ETFs at the same time;
→ the Central Bank of Brazil plans to launch its digital currency called DREX in 2024;
→...
Warren Buffett's holdings posted record operating profits last week, pushing Berkshire Hathaway's asset value to over USD 1 trillion for the first time.
→ Operating income rose 6.65% in the second quarter to USD 10.04 billion, the company's all-time high from USD 9.42 billion in the same period last year.
→ BRK's earnings per share were USD 4.6 (expected USD...
EUR/GBP is rising and might rise above the 0.8650 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is rising and trading above the 0.8600 zone.
· There is a major bullish trend line forming with support near 0.8625 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 to gain pace above the 1.2800 resistance.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is attempting a fresh increase above 1.2680.
· There was a break above a key bearish trend line with resistance near 1.2725 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at...
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.
Want to master the art of momentum trading? Look no further. In this FXOpen guide, we’ll explore how to use momentum indicators, the signals they generate, and five of the best momentum indicators for trading.
What Is a Momentum Indicator?
Momentum indicators are technical analysis tools that help traders gauge the force behind and direction of trends. These...
Yesterday, after the close of the main trading session on the stock exchange, the largest company by capitalization reported for the quarter.
→ AAPL EPS of USD 1.26 (expected $1.195);
→ Gross revenue was USD 81.8 billion (as expected);
→ The decline in iPhone sales was offset by strong sales in the services segment (which includes Apple TV+) and sales in China,...
Strong gains in Amazon's stock supported E-mini S&P 500 futures, which were hit by Fitch's US downgrade and Apple's disappointing report.
→ Amazon revenue for the quarter: USD 134.4 billion, +11% year-on-year;
→ profit: USD 6.8 billion for the quarter (-USD 2 billion last quarter);
→ the company continued to reduce the cost of maintaining supply chains;
→ growth...
Crude oil price is rising and it could climb further higher toward $85.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices are moving higher above the $76.75 resistance zone.
There was a break above a key contracting triangle with resistance near $71.00 on the daily chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the...
Gold price could restart a steady increase above the $1,990 resistance.
Important Takeaways for Gold Prices Analysis Today
Gold price corrected lower from $2,080 and tested $1,900 against the US Dollar.
A key bullish trend line is forming with support at $1,940 on the daily chart of gold at FXOpen.
Gold Price Technical Analysis
On the daily chart...
Description: The Williams Percent Range indicator, or simply Williams %R is a popular trading tool. This article will explain to you how to use it when trading.
Exploring the Williams Percent Range Indicator in Trading
In the vast realm of technical analysis, traders employ various indicators to assist them in making informed trading decisions. One such...
Fitch has downgraded the US sovereign credit rating by one level from AAA (held since 1994) to AA+ — having warned about this 2 months ago. However, the news came as a surprise.
The reason for the downgrade is the high and growing debt burden. This manifests itself in repeated debt ceiling cancellations and last-minute decisions. The last example is the events...
Yesterday and today, the GBP/USD rate fell below 1.27 for the first time since July 6. A number of factors contributed to this:
→ strengthening of the US dollar index due to downgrading of the US credit rating by Fitch;
→ strong data on the ADP labor market — the number of jobs in the US, excluding the agricultural sector, increased by more than 300k over the...
Positivity:
→ Advanced Micro Devices EPS of USD 58 cents (Wall Street Consensus = 57 cents);
→ Q2 revenue of USD 5.36 billion (Analysts expectation = USD 5.3 billion).
Negativity:
→ revenue from data centers decreased by 11% compared to the same period last year;
→ PC revenue fell 54% year-over-year: the pandemic is fading.
Particular attention of investors...
