The Dollar Continues to Strengthen since the Beginning of the Year
The dollar index is hovering at a one-month high against a basket of currencies as remarks from Federal Reserve Chairman Christopher Waller dampened expectations of a March rate cut.
He said that while the U.S. is "within striking distance" of the Fed's 2% inflation target, the Fed should not...
Trading in the financial markets requires a blend of intuition, analysis, and well-tested strategies. This article delves into three of the top trading strategies that offer valuable insights to traders of all experience levels. We’ll break down their specific components, entries and exits and explain why they work for stock market trading and trading in other...
Microsoft Becomes the Most Expensive Company in the World, Surpassing Apple
According to the results of trading shares of AAPL and MSFT yesterday, the market capitalization is:
→ Apple: USD 2.875 trillion.
→ Microsoft: USD 2.887 trillion.
This is facilitated by:
→ positive expectations of investors in shares of MSFT, connected with the leading positions of the...
On January 11, the highly publicized Bitcoin ETF began trading after it was officially approved by the SEC. On this day, the price of Bitcoin exceeded USD 48,800, as shown by the chart. Bloomberg writes that new US spot funds achieved net inflows of USD 819 million in the first two days of trading.
However, from the high on January 11, a dizzying fall began, and...
In forex trading, currency correlation and diversification strategies are vital tools for managing risk and optimising returns. This article explores the nuances of these techniques, providing traders with insights to navigate the forex market effectively using currency correlation.
Understanding Forex Correlation and Diversification
In forex trading,...
US CPI data published yesterday did not meet expectations. Analysts predicted 3.2%, but in fact it turned out = 3.4% (value a month ago = 3.1%). This hardly means a reversal of the large-scale trend toward weakening inflation (a year ago CPI = 6.5%), but to some extent investors have become wary. According to FedWatch, expectations for a rate cut by the Federal...
NZD/USD is also rising and could extend its increase above the 0.6255 resistance zone.
Important Takeaways for NZD USD Analysis Today
NZD/USD is showing positive signs above the 0.6220 support.
There is a major bearish trend line forming with resistance near 0.6255 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly...
AUD/USD is moving higher and might rally if it clears 0.6725.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar started a fresh increase above the 0.6680 and 0.6695 levels against the US Dollar.
There is a key bearish trend line forming with resistance near 0.6715 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On...
Currency carry trades offer a unique opportunity in the financial markets, leveraging differences in interest rates across countries. This strategy, while potentially lucrative, also involves the increased risks, requiring precise navigation of currency pairs, interest differentials, and market trends. In this article, we break down its nuances, offering tailored...
As the chart shows, this morning the Nikkei 225 price exceeded 35,700, its highest level in decades.
The Nikkei 225 index reached its all-time high on December 30, 1989, at 38,957.44 points. This was against the backdrop of Japan's economic boom, which began in the 1980s and continued until the early 1990s.
Nikkei 225 growth is supported by lower inflation:
→ in...
Bringing together the two distinct worlds of penny stocks and forex trading requires a comprehensive understanding of the unique characteristics of each of these investment opportunities. The article discusses how the speculative nature of penny stocks compares to foreign exchange trading, helping traders gain a better understanding of the opportunities and...
Inflation in Australia Continues To Decline. AUD/USD Tests Important Support
Data today from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) rose 4.3% year-on-year in November, the slowest pace since January 2022. Value a month earlier = 4.9%. Market forecasts = 4.4%.
This strengthened market expectations that...
USD/CHF is rising and might aim a move toward the 0.8620 resistance.
Important Takeaways for USD/CHF Analysis Today
USD/CHF is gaining pace above the 0.8500 resistance zone.
There is a key bearish trend line forming with resistance near 0.8530 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair...
EUR/USD started a fresh decline below the 1.0980 support.
Important Takeaways for EUR/USD Analysis Today
The Euro struggled to clear the 1.1000 resistance and declined against the US Dollar.
There is a major bearish trend line forming with resistance near 1.0945 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart...
The Swiss National Bank Suffered Losses of 3 Billion Francs in 2023
The Swiss National Bank (SNB) reported an annual loss of 3 billion Swiss francs (USD 3.54 billion) in 2023 and said it would not make payments to Switzerland's central or local government or pay dividends to investors.
The loss is believed to have occurred as a result of interest rate hikes...
This week the reporting season begins — company results for the 4th quarter will certainly become one of the most important drivers of stock index prices, along with the publication of news about inflation, the labor market, and statements from the Federal Reserve.
Large banks will traditionally be among the first to report: JP Morgan, Bank of America, Wells...
In the complex world of forex trading, a myriad of factors contribute to the ever-shifting landscape of exchange rates. Among these, geopolitical risks stand out as potent catalysts capable of triggering significant fluctuations in currency values. This article delves into the intricate relationship between geopolitical events and forex markets, exploring how...
