Coinbase (COIN) Shares Hit Year-to-Date High
As we reported six days ago, shares of Coinbase Global (COIN) received a strong bullish boost after the US Senate approved the GENIUS bill, which sets out regulations for the use of stablecoins.
As the Coinbase Global (COIN) stock chart shows, the rally is ongoing. Yesterday, the price surged by over 12%, once again...
Market Analysis: NZD/USD Shows Bullish Hints, Can Gains Be Sustained?
NZD/USD is also rising and might aim for more gains above 0.6040.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is consolidating gains above the 0.6000 zone.
- There was a break above a major bearish trend line with resistance at 0.5970 on the hourly chart of NZD/USD at...
Market Analysis: AUD/USD Shows Bullish Hints, Can Gains Be Sustained?
AUD/USD started a decent increase above the 0.6440 and 0.6465 levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar rebounded after forming a base above the 0.6370 level against the US Dollar.
- There was a break above a key bearish trend line with resistance at...
Launch of Robotaxi Service Boosts Tesla (TSLA) Share Price by Over 8%
As previously announced by Elon Musk, Tesla has launched its robotaxi service in Austin, Texas. The cost of a ride is $4.20.
The service is not yet fully operational. It is more of an extended testing phase, as access is currently by invitation only, and a Tesla employee may be present in the...
Stock Markets Rebound Following Trump’s Ceasefire Announcement
Last night, U.S. President Donald Trump made a social media post announcing a ceasefire agreement between Iran and Israel. According to his own words, the ceasefire is set to last “forever.” This announcement triggered a sharp bullish impulse (indicated by the blue arrow) on the S&P 500 index chart...
3 Line Strike Pattern: What It Means and How to Use It in Trading
Candlestick patterns are crucial tools for traders, offering valuable insights into market sentiment and potential price movements. Among these patterns, the Three Line Strike setup is particularly sought after by traders in forex, stock, commodity, and index markets. This article explores the...
Market Analysis: USD/CAD Breaks Higher
USD/CAD is rising and might aim for more gains above the 1.3765 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.3720 support zone.
- There is a key bullish trend line forming with support at 1.3740 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
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Market Analysis: GBP/USD Dips Below Support
GBP/USD started a fresh decline below the 1.3620 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started another decline from the 1.3620 resistance zone.
- There was a break below a connecting bullish trend line with support at 1.3460 on the hourly chart of GBP/USD at FXOpen.
GBP/USD...
Oil Price Surges at Monday Open Amid US Strikes on Iran
As shown on the XBR/USD chart, the Brent crude oil price formed a bullish gap at the opening of financial markets this Monday, surpassing last week’s high.
Only three days ago, we drew attention to Donald Trump’s statement that a decision regarding US involvement in the Iran-Israel conflict would be made...
Market Insights with Gary Thomson: Canada Inflation, US Core Consumer Metrics, and Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode, we...
XBR/USD Chart Analysis: Oil Price Falls After Trump’s Decision
As shown on the XBR/USD chart, the price of Brent crude oil has pulled back from yesterday’s 4.5-month high following a statement from the White House that President Donald Trump will make a decision within the next two weeks on whether the United States will take part in the Israel-Iran...
Mastercard (MA) and Visa (V) Shares Decline Due to Stablecoin Bill
Yesterday, we reported that the US Senate had passed the GENIUS stablecoin bill, which establishes a legal framework for regulating the stablecoin market. This development led to a sharp rise in the share price of cryptocurrency exchange Coinbase (COIN), while simultaneously putting pressure on...
Silver Price Retreats from 2012 Highs
As shown on the XAG/USD chart, the price of silver climbed above $37 per ounce yesterday — a level not seen since 2012. However, this morning, the price has dropped by approximately 2.5% from yesterday’s peak.
The bullish driver behind the rally has been fears that the US could become involved in a military conflict between...
Coinbase (COIN) Shares Rise Following Stablecoin Legislation Approval
Shares in Coinbase Global (COIN) surged by 11% yesterday, making the company the top performer in the S&P 500 index (US SPX 500 mini on FXOpen).
The sharp rise was driven by news that the US Senate has approved the GENIUS stablecoin bill, which sets out a regulatory framework for the use of...
What Is T-Distribution in Trading?
In the financial markets, understanding T-distribution in probability is a valuable skill. This statistical concept, crucial for small sample sizes, offers insights into market trends and risks. By grasping T-distribution, traders gain a powerful tool for evaluating strategies, risks, and portfolios. Let's delve into what...
GBP/USD Hits June Low
As the GBP/USD chart shows, the pair dropped sharply last night, falling below the 1.34170 level. This move marked the lowest point for the pound against the dollar since the beginning of June.
One of the main drivers behind this decline is the strengthening of the US dollar, which is attracting market participants amid heightened...
Natural Gas Prices on the Rise
As shown on the XNG/USD chart today, natural gas prices are trading around $3.960 per MMBtu — the highest level in over a month. This week’s series of bullish candles confirms strong demand.
Natural gas is becoming more expensive due to concerns over the military conflict between Iran and Israel. According to media reports:
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Market Analysis: USD/JPY Recovers Above 145.00
USD/JPY is rising and might gain pace above the 145.50 resistance.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY climbed higher above the 144.00 and 145.00 levels.
- There is a key bullish trend line forming with support at 144.80 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the...
