S&P 500 Sets Record Ahead of Fed Decision
As shown by the S&P 500 index chart (US SPX 500 mini on FXOpen), yesterday's trading saw the index hit a new intraday high of 5,678.9, surpassing the previous record of 5,677.5 set on 16 July. However, the bulls were unable to maintain this historic peak, which is a negative sign, suggesting the possibility of a bear...
Market Analysis: USD/CHF Faces Hurdles
USD/CHF declined and now struggling below the 0.8500 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF declined below the 0.8500 and 0.8460 support levels.
- There is a major bearish trend line forming with resistance near 0.8460 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the...
Market Analysis: EUR/USD Strengthens
EUR/USD started a fresh increase above the 1.1050 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro surged after it broke the 1.1050 resistance against the US Dollar.
- There is a connecting bullish trend line forming with support near 1.1125 on the hourly chart of EUR/USD at FXOpen.
EUR/USD...
Unveiling Market Sentiment in Trading
Understanding the market's pulse can offer traders a significant edge. The market is driven by human psychology, and by grasping the prevailing mood, traders can position themselves more effectively.
This article will delve into various methods and indicators that offer insights into market sentiment analysis trading, from...
EUR/ZAR: A New Currency Pair for Trading on FXOpen
Traders using FXOpen can now incorporate the EUR/ZAR currency pair into their strategies.
The EUR/ZAR pair is known for its volatility, making it suitable for trend trading within a single day. On the other hand, as the daily chart (below) shows, the exchange rate remains within a range, which supports swing...
FTSE 100 Bullish Ahead of Key Announcements
The chart of the UK stock index FTSE 100 (UK 100 on FXOpen) shows prevailing positive sentiment in the market. The right side of the daily chart displays a series of bullish candles, with a likelihood of this trend continuing today, as the price has been rising since the market opened.
This optimism is likely driven...
Market Analysis Techniques for Traders
Navigating the financial markets demands a strong toolkit of analysis techniques. This comprehensive article introduces traders to key market analysis methods, ranging from fundamental and technical analysis to more specialised approaches like price action and quantitative methods.
You can pair your learning with FXOpen’s...
USD/JPY Analysis: The Rate Falls Below 140 Yen per Dollar
Despite today's public holiday in Japan, yen buyers remain active.
As shown on the USD/JPY chart, today's candle low has dropped below the psychological level of 140 yen per dollar. The last time this exchange rate was seen was on 28 July 2023.
On 11 August, when analysing the USD/JPY chart, we:
→ drew...
Adobe (ADBE) Shares Drop Over 8%
On Thursday evening, Adobe Inc. (ADBE) reported its third-quarter financial results:
→ Earnings per share: actual = $4.65, expected = $4.53;
→ Revenue: actual = $5.40 billion, expected = $5.37 billion.
Despite beating analyst estimates, Adobe Inc.'s (ADBE) stock dropped by more than 9% due to a disappointing fourth-quarter...
Building a Trading Plan
When it comes to the dynamic world of finance, a well-developed plan is the cornerstone of effective trading. Although it may seem that building trading plans is useful only for traders with little experience, a plan empowers any trader to make informed decisions. This FXOpen article will delve into how to make a trading plan that aligns...
Weekly Market Wrap With Gary Thomson: S&P 500, AUD/USD, NZD/USD, USD/JPY Analysis, NVDA Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- S&P Rises Following Inflation Data Release
- Market...
Gold Price Hits New Record
As shown by the XAU/USD chart:
→ Gold has reached a new all-time high;
→ This morning, gold is trading around $2,567 per ounce.
Bullish sentiment is being driven by expectations of a Federal Reserve rate cut next week. According to MoneyControl, the International Monetary Fund stated on Thursday that it would be "appropriate" for the...
DAX 40 Reacts Positively to ECB's Rate Cut Decision
Yesterday, the European Central Bank’s Governing Council cut the refinancing rate, as expected, from 4.25% to 3.65%.
The ECB also stated that monetary policy would remain sufficiently restrictive "for as long as necessary" to ensure inflation returns to its medium-term target of 2%.
Financial markets...
Market Analysis: Crude Oil Price Recovers
Crude oil is recovering and might rise toward the $70.25 resistance zone.
Important Takeaways for Oil Prices Analysis Today
- Crude oil is recovering losses and trading above the $67.00 support.
- There was a break above a connecting bearish trend line with resistance near $67.00 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Rallies To New ATH
Gold price started a fresh surge above $2,550.
Important Takeaways for Gold Prices Analysis Today
- Gold price started a strong increase from the $2,500 zone against the US Dollar.
- A major bullish trend line is forming with support at $2,528 on the hourly chart of gold at FXOpen.
Gold Price Technical...
Nvidia (NVDA) Shares Surge Over 8%
According to the Nvidia (NVDA) stock chart, yesterday’s closing price was just below $117, compared to just over $108 the day before. The positive momentum was largely driven by the stock market’s reaction to inflation news, as mentioned earlier.
For Nvidia investors, this is a clear sign that the stock is regaining its...
S&P 500 Rises Following Inflation Data Release
Historically, September has been the worst month for the S&P 500 (US SPX 500 mini on FXOpen), and the start of the month reflected this trend, with the index dropping around 4.5% from 1 to 6 September, indicating bearish sentiment.
However, yesterday's event — the release of the Consumer Price Index (CPI) — may...
Exploring PAMM Accounts
Navigating the complex world of trading becomes easier with the right tools and options. PAMM accounts offer a unique opportunity for investors to leverage the skills of experienced traders. This article delves into the essentials of these accounts, discussing their mechanics, how to choose a PAMM manager, and what you need to know to get...
