FTSE 100 Surges Towards Record High
Today saw the release of new data on the UK labour market.
According to official statistics, the number of payrolled employees in the UK fell by 55,000 (0.2%) between March and April 2025. Over the broader period from February to April 2025, the number declined by 78,000 (0.3%).
In response to the drop in employment, the...
XBR/USD Chart Analysis: Brent Crude Reaches 1.5-Month High
In our analysis of Brent crude oil six days ago, we identified a large contracting triangle and a local ascending channel. We also outlined a potential scenario involving a bullish breakout above the upper boundary of the triangle.
Although this was not the base-case scenario, the XBR/USD chart now...
Market Insights with Gary Thomson: UK Unemployment & GDP, US Inflation & PPI, 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...
Apple (AAPL) Shares Consolidate Ahead of WWDC
Today, 9 June, marks the start of Apple’s Worldwide Developers Conference (WWDC) — an event that traditionally attracts significant attention from investors and traders.
It is fair to say that WWDC 2025 begins against a rather negative backdrop:
→ Since the start of 2025, AAPL stock price has fallen by 19%, and...
EURGBP Hits Support
EUR/GBP declined steadily below the 0.8440 and 0.8430 support levels.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a bearish zone below the 0.8450 pivot level.
- There is a connecting bullish trend line forming with support at 0.8415 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly...
GBPUSD Edges Higher
GBP/USD is attempting a fresh increase above the 1.3500 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.3515.
- There was a break above a key bearish trend line with resistance at 1.3535 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the...
Dow Jones Index Rises Towards Key Resistance
On Friday, the Dow Jones Industrial Average (Wall Street 30 mini on FXOpen) climbed above the 42,950 level — a high not seen since early March.
The index has gained around 1.6% since the beginning of June.
Why Is the Dow Jones Rising?
→ Friday’s US jobs report helped ease concerns about the country’s economic...
ECB Cuts Rates. EUR/USD Spikes to 1.5-Month High
Yesterday, as widely expected, the European Central Bank (ECB) cut interest rates for the eighth time since May 2024. According to ForexFactory, the main refinancing rate was lowered from 2.40% to 2.15% (having stood at 4.50% in May 2024).
According to Reuters:
→ ECB President Christine Lagarde stated that...
What Is the Hanging Man Candlestick Pattern, and How Can You Trade It?
In the world of technical analysis, candlestick patterns play a vital role in helping traders decipher market trends and potential reversals. Among the many setups, the hanging man holds particular significance. This distinctive formation captures traders' attention as it often serves as a...
USD/JPY Analysis: Bears Put Pressure on Key Support
As shown on the USD/JPY chart, the pair is hovering near key support at ¥142.50 per US dollar.
While demand was strong enough at the end of May to lift the exchange rate from this level to a peak around ¥146.00, USD/JPY has once again retreated to the ¥142.50 area.
Why has USD/JPY declined?
On one hand,...
Tesla (TSLA) Share Price Falls by 3.5%
Yesterday, the share price of Tesla (TSLA) dropped by 3.5%, placing it among the five worst-performing stocks of the day in the S&P 500 index (US SPX 500 mini on FXOpen). Since the peak on 29 May, the decline now totals nearly 10%.
Why Tesla (TSLA) Shares Are Falling
Among the bearish factors are:
→ A drop in car sales...
USD/CAD Holds Near 2025 Low
As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial.
These fluctuations reflect market participants’ cautious sentiment ahead of key announcements scheduled for today, 4th June:
→ At 15:15 (GMT+3),...
XBR/USD Chart Analysis: Oil Price Rises to Key Resistance
Yesterday, the price of Brent crude climbed above $65.60 — the highest level in over a week.
According to media reports, several bullish factors are driving this move:
→ Stalled negotiations between the US and Iran over abandoning Iran’s nuclear programme in exchange for lifting oil export sanctions;
→...
Market Analysis: USD/CHF Targets Upside Break
USD/CHF is rising and might aim for a move towards the 0.8250 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF is showing positive signs above the 0.8200 resistance zone.
- There was a break above a connecting bearish trend line with resistance at 0.8180 on the hourly chart at FXOpen.
...
Market Analysis: EUR/USD Trims Gains
EUR/USD started a downside correction from the 1.1450 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.1450 resistance and declined against the US Dollar.
- There was a break below a key bullish trend line with support at 1.1395 on the hourly chart of EUR/USD at FXOpen.
...
Meta Platforms (META) Shares Surge Over 3% in a Day
Shares of American tech giant Meta Platforms (META) rose approximately 3.6% yesterday, continuing their upward trend after gaining about 18% in May.
Why Is META Stock Rising?
Reports emerged yesterday that the company plans to fully automate the ad creation process using artificial intelligence.
According...
Silver Price Hits Year-to-Date High
As shown on the XAG/USD chart, silver prices rose on Monday, surpassing the previous high of the year, which was set on 28th March at around $33.50 per ounce.
Why Is Silver Rising?
A bullish driver came from statements made by the White House. According to media reports:
→ US President Donald Trump announced on Friday...
Currency Risks in International Stock Investment
In the realm of international stock investment, understanding and managing currency risks is pivotal. This risk can substantially influence the returns on global investments, making it essential for investors to grasp its nuances and develop strategies to mitigate its impact. Today, we’ll delve into different...
