US Dollar Strengthens Following Trump’s Tariff Decision
US President Donald Trump has announced his decision to impose new tariffs:
→ For Canada, tariffs are set at 35%. They are scheduled to take effect on 1 August, although negotiations may take place before this date, potentially influencing Trump’s final stance.
→ For many other countries, tariffs may be set...
Coinbase (COIN) Shares Reach All-Time High
According to the chart of Coinbase Global (COIN), the share price of the cryptocurrency exchange has reached a historical all-time high (closing price).
The bullish sentiment has been supported by the following factors:
→ Bitcoin price rally. Yesterday, we analysed the BTC/USD chart and anticipated that bulls might...
Forex Market Depth Analysis and Trading Strategies
Forex market depth analysis offers traders a deeper understanding of currency market dynamics. It reveals the real-time volume of buy and sell orders at different prices, which is crucial for assessing liquidity and trader sentiment. This article explores how to analyse and use market depth for trading,...
Nvidia Market Capitalisation Reaches $4 Trillion
Yesterday, Nvidia’s (NVDA) share price surpassed $162 for the first time in history. As a result, the company’s market capitalisation briefly exceeded $4 trillion during intraday trading (according to CNBC), making Nvidia the first publicly listed company to reach this milestone.
The rise in NVDA’s share price is...
Intel (INTC) Share Price Hits 3-Month High Without Clear Catalyst
Intel Corporation (INTC) stocks rose by over 7% yesterday, making them one of the top performers in the S&P 500 index (US SPX 500 mini on FXOpen). As a result, the stock price reached its highest level in three months.
What’s notable is the apparent lack of clear drivers behind the rally....
EUR/JPY Hits 12-Month High
As the chart indicates, the EUR/JPY pair has risen above ¥172 per euro — a level last seen in July 2024.
Since early June, the exchange rate has increased by approximately 5.6%. This upward movement is driven by a combination of factors, including:
→ Divergence in central bank policy: The European Central Bank’s key interest rate...
Market Analysis: NZD/USD Slips
NZD/USD is struggling and might decline below the 0.5980 level.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is consolidating above the 0.5980 support.
- There is a connecting bearish trend line forming with resistance at 0.6010 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the...
Market Analysis: AUD/USD Attempts Fresh Climb
AUD/USD is attempting a fresh increase from the 0.6485 support.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support at 0.6485 and recovered against the US Dollar.
- There is a key bearish trend line forming with resistance at 0.6535 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
Australian Dollar Strengthens Following RBA Decision
Today, the AUD/USD pair experienced a spike in volatility. According to ForexFactory, analysts had forecast that the Reserve Bank of Australia (RBA) would cut interest rates from 3.85% to 3.60%. However, the market was caught off guard as the central bank opted to keep rates unchanged.
The RBA stated the...
Tesla (TSLA) Leads Declines in the Equity Market
Yesterday, President Trump announced that letters had been sent to the United States’ trading partners regarding the imposition of new tariffs — for instance, a 25% tariff on goods from Japan and South Korea. This marks a return to “trade diplomacy” under the America First strategy. The tariffs are scheduled to...
Navigating the Complexities of Forex Swap Rates
Forex swap rates, pivotal in currency trading, reflect the cost of holding a position overnight. This article unpacks swaps, offering clarity on their calculation and impact. Even seasoned traders may be confused with the complexity of swaps. It’s vital to learn about how these costs relate to effective strategy...
Market Insights: RBA Cut in Focus, UK GDP Weakens, Canada Jobs, FOMC Clues, Tariff Deadline
From rate decisions to rising unemployment and tariff deadlines, this week’s macro landscape is shaped by evolving dynamics and shifting momentum. If you’re trading FX, commodities, or indices — this is a moment to pay close attention.
In this episode of Market Insights,...
Nasdaq 100: Bearish Signals Near the All-Time High
As the 4-hour chart of the Nasdaq 100 (US Tech 100 mini on FXOpen) shows, the index reached a new all-time high last week. However, the price action suggests that the current pace of growth may not last.
Last week’s strong labour market data triggered a significant bullish impulse. However, the upward momentum...
EUR/USD Analysis: US Dollar Strengthens at the Start of the Week
On 2 July, on the EUR/USD chart, we noted that the rally—during which the pair had gained more than 6% since mid-May—was under threat, citing several technical signals, including:
→ proximity of the price to the upper boundary of the ascending channel;
→ overbought conditions on the RSI...
Market Analysis: EUR/GBP Accelerates Higher
EUR/GBP is rising and might climb above the 0.8670 resistance.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is gaining pace and trading above the 0.8600 zone.
- There was a break above a contracting triangle with resistance at 0.8630 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On...
Market Analysis: GBP/USD Dips
GBP/USD failed to climb above 1.3800 and corrected some gains.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below the 1.3700 support against the US dollar.
- There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD...
Alibaba (BABA) Shares Fall to Lowest Level in 2.5 Months
Yesterday, Alibaba (BABA) shares dropped to their lowest level since late April. The decline followed the company’s announcement of a planned bond issuance totalling approximately $1.53 billion, with a maturity date set for 2032. The funds will be used to support the development of Alibaba's cloud...
S&P 500 Hit Record High Ahead of Holiday Break
Today, financial markets in the United States are closed in observance of Independence Day. Investor sentiment was likely buoyed by the latest rally in the S&P 500 index (US SPX 500 mini on FXOpen), which set a new all-time high yesterday, surpassing 6,280.
The bullish momentum has been driven by robust labour...
