Market Analysis: EUR/USD Faces Rejection
EUR/USD declined from the 1.1640 resistance and traded below 1.1550.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline after a strong surge above the 1.1600 zone.
- There is a connecting bearish trend line forming with resistance at 1.1545 on the hourly chart of EUR/USD at FXOpen.
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Bank of Japan Leaves Interest Rate Unchanged
This morning, the Bank of Japan (BOJ) released its interest rate decision, keeping the rate unchanged as widely expected. According to Forex Factory, the BOJ Policy Rate remains at 0.5%.
BOJ Governor Kazuo Ueda noted the following:
→ Japan’s economy is recovering moderately.
→ The Bank will continue raising rates if...
How Financial Markets Are Reacting to the Escalation in the Middle East
The exchange of strikes between Iran and Israel continues. However, judging by the behaviour of various assets, market participants do not appear to expect further escalation:
→ Oil prices are falling. Monday’s candlestick on the XBR/USD chart closed significantly below the opening...
Trading at the Market Open
The market open marks a critical juncture in the financial world, presenting a unique blend of opportunities and challenges for traders. This article explores the essence of trading at the open across stocks, forex, and commodities. It delves into the heightened volatility and liquidity characteristic of this period, offering insights...
Oracle (ORCL) shares surge 24% in a week, hitting an all-time high
Last week, Oracle (ORCL) shares:
→ rose by approximately 24% — marking the strongest weekly gain since 2001;
→ broke through the psychological level of $200 per share;
→ reached an all-time high, with Friday’s session closing above $215. It is possible that a new record may be set this week.
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WTI Crude Oil Regains Bullish Momentum
WTI Crude oil prices climbed higher above $70.00 and might extend gains.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices started a decent increase above the $65.00 and $68.50 resistance levels.
- There is a major bullish trend line forming with support at $71.50 on the hourly chart of...
Gold Regains Bullish Momentum
Gold price started a fresh surge above the $3,375 resistance level.
Important Takeaways for Gold Price Analysis Today
- Gold price started a fresh surge and traded above $3,420 against the US Dollar.
- A key bullish trend line is forming with support at $3,415 on the hourly chart of gold at FXOpen.
Gold Price Technical...
XAU/USD Chart Analysis Following Israel-Iran Strikes
In 2025, the price of gold continues to form a long-term upward trend, highlighted by the black line. The red line previously acted as resistance, resulting in the formation of a contracting triangle on the XAU/USD chart – a typical sign of market equilibrium.
However, this red line was breached (as indicated...
What a Mitigation Block Is, and How You Can Use It When Trading Forex?
Understanding specific market mechanisms like mitigation blocks may enhance strategic decision-making. This article delves into the concept of mitigation blocks, detailing their definition, function, and practical application within forex.
Definition and Function of a Mitigation Block
A...
S&P 500 Breaks Uptrend
Only yesterday we questioned the sustainability of the stock market’s upward trend amid alarming news from the Middle East and the evacuation of the US embassy in Iraq — and today, the S&P 500 chart (US SPX 500 mini on FXOpen) shows a break below the lower boundary of the ascending trend channel.
According to media reports:
→ Steve...
Israel Strikes Iran. Oil and Gold Prices Surge
According to media reports, Israel launched a large-scale overnight strike on Iranian territory, targeting dozens of military and strategic facilities linked to the country’s nuclear programme and missile capabilities. Israeli officials justified the action by citing an existential threat from Tehran, which,...
Intel (INTC) Shares Drop Over 6% in a Day
As shown on the Intel (INTC) chart, after Tuesday’s candle closed above $21, the price dropped sharply on Wednesday. INTC was the worst-performing stock of the day among the components of the S&P 500 index (US SPX 500 mini on FXOpen).
Why Did INTC Shares Fall?
The decline is linked to growing competitive pressure....
S&P 500 Maintains Uptrend — But for How Long?
As the chart of the S&P 500 (US SPX 500 mini on FXOpen) shows, price movements in June continue to form an upward trend (highlighted in blue).
The bullish momentum is being supported by:
→ News of a potential trade agreement between the United States and China;
→ The latest inflation report. Data released yesterday...
Tesla (TSLA) Shares Rebound After Sharp Drop
When analysing the Tesla (TSLA) stock price chart six days ago, on the morning of 5 June, we:
→ highlighted Elon Musk’s critical comments regarding the spending bill promoted by the US President;
→ noted that a potential rift between Musk and Trump could have long-term implications, including for TSLA shares;
→...
USD/CAD Holds Near 2025 Low
When we last analysed the USD/CAD chart on 4 June, we identified a descending channel that remains relevant.
On 5 June, the pair reached a new low for 2025, and it is possible that bears will attempt to extend this move further over the course of the month.
Why is USD/CAD declining?
The Canadian dollar appears to be strengthening...
NZD/USD Aims Steady Increase
NZD/USD is also rising and might aim for more gains above 0.6080.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is consolidating gains above the 0.6030 zone.
- There is a key bullish trend line forming with support at 0.6030 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart...
AUD/USD Aims Steady Increase
AUD/USD started a decent increase above the 0.6450 and 0.6500 levels.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar rebounded after forming a base above the 0.6400 level against the US Dollar.
- There is a connecting bullish trend line forming with support at 0.6510 on the hourly chart of AUD/USD at...
What Is a Morning Star Pattern, and How Can You Use It in Trading?
The morning star candlestick is a popular price action pattern that technical analysts and traders use to identify potential trading opportunities. It indicates a reversal from a bearish to a bullish trend and is a valuable addition to any trader's toolkit. In this article, we will cover all the...
