The price of the Nikkei 225 index is fixed above the level of 37,000 points. The last time this happened was after the index reached its all-time high in 1989.
The bullish behavior of the Japanese stock market has the following reasons:
→ Strong corporate reporting. In particular, SoftBank shares rose 11% due to increased sales of its subsidiary Arm, which...
Three of the Best Trend-Following Trading Strategies
In this comprehensive article, we explore effective strategies for identifying and capitalising on market trends. The article discusses some valuable insights and practical techniques to help traders manage the dynamic world of trading. Essential aspects covered include selecting the right indicators, managing...
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Bitcoin Recovers to January 11 Prices When ETFs Were Approved
Waiting for SEC regulatory approval of applications to create a Bitcoin ETF was an important driver of Bitcoin price growth at the end of 2023. However, when applications were actually approved on January 11, 2024 (here is what we wrote about it), there was a decline in cryptocurrency prices.
In...
USD/JPY Reaches 10-week High amid Statements by Head of Bank of Japan
Bank of Japan Governor Kazuo Ueda said today that there is a high likelihood that accommodative monetary conditions will continue even after the bank ends its negative interest rate policy — an event that is expected as early as next month, according to Reuters.
On the other hand, the USD...
Market Analysis: NZD/USD Grinds Higher
NZD/USD is rising and could extend its increase above the 0.6130 resistance zone.
Important Takeaways for NZD USD Analysis Today
NZD/USD is gaining bullish momentum above the 0.6080 support.
There was a break above a major bearish trend line with resistance at 0.6105 on the hourly chart of NZD/USD at FXOpen.
...
Market Analysis: AUD/USD Struggles
AUD/USD is declining below the 0.6540 support zone.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar started a fresh decline below the 0.6540 level against the US Dollar.
There is a connecting bearish trend line forming with resistance near 0.6510 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
Identifying Trending and Range-Bound Currencies
In the dynamic world of forex trading, recognising trending and range-bound currencies is crucial for making informed trading decisions and designing effective strategies. This article delves into the fundamentals of identifying these two types of market conditions in forex trading.
Understanding Trending...
The Price of S&P 500 Sets Historical Record By Exceeding 5,000
As the graph shows, yesterday, the price of the S&P 500 index exceeded the psychological level of 5,000 for the first time in history. Bullish sentiment in the US stock market is supported by 2 drivers.
Expectation of lower interest rates. So, yesterday, the head of the Minneapolis Fed, Neel...
NZD/USD Rate Recovering from Its Low of the Year amid News from Labour Market
Yesterday's news showed that New Zealand's labour market is stronger and more resilient than expected.
In the fourth quarter of 2023, employment grew by 0.4% in the fourth quarter (forecast = +0.3%, quarter earlier = -0.1%). The unemployment rate is 4%, forecast = 4.3%.
A strong...
Market Analysis: USD/CHF Regains Strength
USD/CHF is rising and might aim a move toward the 0.8800 resistance.
Important Takeaways for USD/CHF Analysis Today
USD/CHF is showing positive signs above the 0.8680 resistance zone.
There was a break below a key bullish trend line with support at 0.8700 on the hourly chart at FXOpen.
USD/CHF Technical...
Market Analysis: EUR/USD Drops Again
EUR/USD started a fresh decline below the 1.0810 support.
Important Takeaways for EUR/USD Analysis Today
The Euro struggled to clear the 1.0900 resistance and declined against the US Dollar.
There was a break above a short-term bearish trend line with resistance near 1.0750 on the hourly chart of EUR/USD at FXOpen.
...
A Major Network Outage in Solana Had Little Impact on the SOL/USD Exchange Rate
Solana, one of the fastest-growing blockchain networks, experienced significant outages yesterday, starting around 13:00 GMT+3. As a result of the outage, users and developers were unable to process transactions and interact with applications.
Solana engineers quickly released a...
CAD Strengthened After Statements from the Head of the Bank of Canada
The head of the Bank of Canada, Tiff Macklem, stated yesterday that monetary policy needs more time to ease price pressures.
He noted that the main problem in suppressing inflation is housing costs. “Housing affordability is a significant problem in Canada—but not one that can be fixed by...
Stage analysis is a powerful technique in trading that segments market trends into distinct phases, each offering unique opportunities and challenges. Developed by Stan Weinstein, this method helps traders understand and anticipate market movements. This article delves into the four stages of this analysis, offering insights into how traders apply these concepts,...
AUD/USD Rate Rises after RBA Decision
This morning the Central Bank of Australia decided to keep the interest rate at the same level = 4.35%, as expected.
However, RBA management said that further rate hikes cannot be ruled out as inflation is still too high. This is a clear signal that policy easing is unlikely in the near future.
AUD/USD has rallied from its...
After Thursday's close, another corporate giant reported fourth-quarter 2023 activity.
Amazon's actual numbers exceeded analysts' expectations. And while actual revenue (= USD 169.96 billion) was close to forecasts (expected = USD 169.92 billion), the reported earnings per share were a surprise (actual = USD 1.00, expected = USD 0.795).
Bloomberg names the...
Trading with Support and Resistance Zones
Support and resistance are fundamental concepts in the world of trading. They help traders gain an overall market background when analysing an asset’s price action, build expectations about price movements based on historical data, and make informed trading decisions. In this article, we discuss these concepts and...
