Get the latest scoop on the week's hottest headlines, all in one convenient video.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
GBP/USD Price Falls to 1.26 after Bank of England Decision
Yesterday, the GBP/USD market experienced a day of intense volatility due to a number of news items. According to Trading Economics:
→ UK retail sales were flat last month after a strong rise of 3.6% in January, contrasting with market expectations of a 0.3% decline.
→ The Bank of England decided to...
AAPL Share Price Falls More Than 4% after Antitrust Lawsuit
Yesterday, the Department of Justice filed an antitrust lawsuit against Apple, alleging that the company has established a monopoly with the iPhone, which has harmed consumers, developers and competitors.
“Each step in Apple's course of conduct built and reinforced the moat around its smartphone...
Market Analysis: NZD/USD Signal More Losses
NZD/USD is also moving lower and might trade below the 0.6000 zone.
Important Takeaways for NZD/USD Analysis Today
NZD/USD declined steadily from the 0.6105 resistance zone.
There was a break below a key bullish trend line with support at 0.6040 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical...
Market Analysis: AUD/USD Signal More Losses
AUD/USD declined below the 0.6575 and 0.6550 support levels.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar started a fresh decline from well above the 0.6600 level against the US Dollar.
There was a break below a connecting bullish trend line with support at 0.6570 on the hourly chart of...
Tweezer Candlestick Patterns for Trend Trading
There are numerous patterns and indicators that can help traders determine the formation of a new trend. One valuable tool in a trader's arsenal is the Tweezer candlestick pattern. In this FXOpen article, we will discuss the definition of Tweezers, elucidate the importance of these patterns in trading, and emphasise...
The price of the S&P 500 set a historical record amid news from the Fed
On March 14, we wrote: “The US500 stock index market is showing signs of positivity, indicating that an attempt to overcome the resistance of 5,200 points with a new record high may be made in the near future.” Yesterday's event created the momentum that allowed the bulls to do this.
On...
USD/CHF Analysis: SNB Decision Breaks Multi-month Trend
According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF.
His words in January seem to...
TSLA analysis: Price Returns to Above the $170 Level, But for How Long?
After forming a low of the year on March 14, the TSLA share price managed to rise above the USD 170 level — investors reacted positively to Tesla’s decision to increase prices for electric vehicles in the US and Europe.
However, the TSLA stock market remains under pressure:
the TSLA price...
Correction in Crypto Markets: BTC/USD Rate Drops to $60,000
On March 18, we wrote that bears became more active near the $70,000 level.
As the BTC/USD chart shows, today the price of Bitcoin is already close to the psychological level of USD 60k, while the price of Ethereum is close to USD 3,000.
According to MarketWatch, experts consider the decline to be a...
How to Trade with the Inside Bar Pattern
The inside bar pattern is characterised by two consecutive candlesticks that often suggest a period of consolidation or indecision in the market. Traders and analysts can find value in identifying the setup as it can provide insights into potential future price movements. In this article, we will explore different...
Market Analysis: USD/JPY Rallies Above 151
USD/JPY surged and broke the 151.00 resistance zone.
Important Takeaways for USD/JPY Analysis Today
USD/JPY climbed higher above the 150.00 and 151.00 levels.
There is a connecting bullish trend line forming with support at 150.20 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly...
Market Analysis: EUR/USD Dips Again
EUR/USD started another decline from the 1.0960 resistance.
Important Takeaways for EUR/USD Analysis Today
The Euro started a fresh decline below the 1.0900 support zone.
There is a key bearish trend line forming with resistance at 1.0870 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the...
Bank of Japan Ends the Era of Negative Interest Rates
The Bank of Japan has not raised interest rates for 17 years. For 8 years, it was in the negative zone.
But today there was a dramatic shift in monetary policy — the Bank of Japan announced a decision to increase the interest rate from -0.1% to 0.1%.
The central bank also abandoned yield curve control...
BTC/USD Analysis: Bears Have Become More Active Near the $70,000 Level
On February 26 (A), a strong bullish impulse started in the Bitcoin market. Its trajectory is visually described by a blue line. The price of bitcoins developed along it — this can be interpreted in such a way that market participants agreed that the value of the cryptocurrency was...
How to Trade with the Triple Top Pattern
Traders are always on the lookout for reliable analysis tools that can help them make correct trading decisions. One such tool is the triple top trading pattern. It is a bearish reversal formation that can help traders identify potential trend reversals and take advantage of market opportunities.
In this FXOpen article,...
Get the latest scoop on the week's hottest headlines, all in one convenient video.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
WTI Oil Price Reaches 4-month High
The International Energy Agency (IEA) has once again raised its forecasts for global oil demand in 2024. While the agency's forecast pointed to the prospect of an oil surplus in 2023, its analysts now believe that the world will experience a shortage of oil in the second half of 2024.
Among the reasons for the shortage:
→...
