Why Interest Rates Matter for Forex Traders
Delve into the intricate world of forex, where interest rates stand as towering beacons guiding currency movements and trader strategies. From the fundamentals of central bank operations to the subtle nuances of the carry trade, uncover how they shape the global financial tapestry, dictating economic outcomes and...
The Price of Natural Gas Finds Support. But for How Long?
On 21 June, we wrote that the trend in the market was weakening, noting that:
→ Forecasts of a hotter summer, published during April-May, led to a sustained bullish trend in the natural gas market.
→ According to the technical analysis of the 4-hour XNG/USD chart and the signs of weakness that have...
Inflation's Impact on Stock Returns
Inflation's pervasive influence on the financial landscape cannot be understated. It affects everything from everyday spending to large-scale investing. This FXOpen article dives into the intricate relationship between inflation and stock returns, unravelling the multifaceted dynamics at play. Join us as we dissect the...
Weekly Market Wrap With Gary Thomson: Nasdaq, EUR/USD, USD/CHF, Crude Oil, Alphabet Inc. 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.
- Nasdaq Composite: Worst Session since Late 2022
- Market...
Analysis of AUD/USD: Exchange Rate Falls to Early May Low
As indicated by the 4-hour AUD/USD chart today:
→ the rate fell below 0.652, a level last seen on May 2;
→ the RSI indicator dropped below 15, a level last seen during the panic over the spread of COVID-19 in spring 2020.
The weakening of the Australian dollar could be linked to participants'...
Analysis of AMZN Stock: Price at 1.5-Month Low
As shown in the AMZN chart, the stock price dropped below:
→ the psychological level of $180;
→ the mid-June interim low.
The last time AMZN traded below $180 was in early June.
Thus, AMZN has faced sell-offs, similar to other tech stocks whose charts we've published this week. A widely mentioned reason for the...
What Are Bullish and Bearish Breakaway Candlestick Patterns?
Candlestick patterns are a vital tool for traders, offering insights into market sentiment and potential price movements. Among these formations, breakaway patterns are particularly notable for their ability to signal trend reversals. This article delves into the specifics of these formations,...
Analysis of USD/JPY: Yen Strengthens by 5.5% Against US Dollar in 2 Weeks
On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153.
According to Reuters, this could be attributed to effective intervention by the Bank of Japan.
While intervention was anticipated when the yen weakened to extreme levels not seen since 1983, Tokyo...
Nasdaq Composite: Worst Session Since Late 2022
As indicated by the Nasdaq Composite chart (US Tech 100 mini on FXOpen), yesterday's decline was -2.62% in a single session.
Thus, tech stocks experienced the sharpest drop since late 2022, with around 75% of companies in the Nasdaq Composite index closing in the red.
Alphabet (GOOG) shares, the parent company of...
GOOGL Shares Decline After Report
Yesterday, Alphabet released its Q2 report:
→ Earnings per share: actual = $1.89, forecast = $1.847;
→ Gross revenue: actual = $84.742 billion, forecast = $84.208 billion.
The actual figures exceeded analysts' expectations. However, today in pre-market trading, GOOGL's price fluctuates around $178.60 per share, down from...
Brent Crude Oil Price Is Declining Amid De-Escalation in the Middle East
On 8th July, we noted that oil prices were forming a large narrowing triangle, originating from 2022-2023, with its upper boundary being a significant resistance point.
As shown on the Brent oil price chart (XBR/USD), bulls have since failed to overcome the upper boundary resistance around...
Market Analysis: USD/CHF Regains Strength
USD/CHF is rising and might aim a move toward the 0.9000 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF is showing positive signs above the 0.8900 resistance zone.
- There is a major bullish trend line forming with support at 0.8910 on the hourly chart at FXOpen.
USD/CHF Technical Analysis...
Market Analysis: EUR/USD Trims Gains
EUR/USD started a fresh decline below the 1.0900 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.0950 resistance and declined against the US Dollar.
- There is a key bearish trend line forming with resistance at 1.0870 on the hourly chart of EUR/USD at FXOpen.
EUR/USD...
Best Parabolic SAR Indicator Settings
Parabolic SAR is a key component of technical trading, or technical analysis, which involves assessing financial markets and guiding trading decisions through analysing historical price and volume data, along with utilising diverse technical indicators and chart patterns. This article aims to explore the significance of the...
Tesla Report May Strengthen Bullish Sentiment
President Joe Biden withdrew his bid for a second term in the White House on Sunday. It's reasonable to assume that the stock market responded optimistically to this news, as US stocks closed higher on Monday, with the S&P 500 (US SPX 500 mini on FXOpen) rising by 1.08% to 5,564.41 – its best day since 5th June. CNN...
Analysis of XAU/USD: Gold Price Falls for 4 Consecutive Days
As shown on the XAU/USD chart, Monday, 22 July marked the fourth consecutive day of declining gold prices. The change from the historical peak reached on Wednesday is around -3.5%.
Bearish sentiment is driven by:
→ Market participants' assessment of prospects due to the change of the Democratic...
How Did MSFT Stock Price React To Global Outage?
On 19th July, a global outage occurred. Numerous computers running Windows worldwide experienced "blue screens of death" (BSOD), affecting companies in different sectors, including airlines, hospitals, media, banks, and others.
The outage was caused by a CrowdStrike's Falcon Sensor update, a component of the...
Market Analysis: USD/CAD Rallies
USD/CAD is rising and might aim for more gains above the 1.3735 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.3700 support zone.
- There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
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