AUD/USD is correcting gains from the 0.6540 zone.
Important Takeaways for AUD USD Analysis Today
· The Aussie Dollar started a downside correction from 0.6540 against the US Dollar.
· There is a key declining channel forming with resistance at 0.6480 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at...
Understanding the influence of geopolitical events on trading is crucial for success, especially in the volatile forex market. This article delves into the types of geopolitical events that affect financial markets and provides key insights into risk management and strategic trading during such times.
Understanding Geopolitical Events
Geopolitical events refer...
The cryptocurrency market continues to be dominated by expectations for SEC approval of Bitcoin ETFs. A decision is expected by January 10. Although expectations alone do not seem to be enough at the moment to overcome the resistance level of 37,500, which became obvious this week.
The BTC/USD chart today shows that the bulls attacked the level 4 times.
At...
Yesterday, Microsoft's share price exceeded USD 375 for the first time ever. This happened against the backdrop of news about the company’s activities, which was favorably received by investors:
→ Microsoft introduced its own Maia 100 chip for cloud computing and AI programs that create content. The company is also testing Maia 100 for Bing and Office.
→ The...
According to statistics since 1971, when the Nasdaq Index was created, the index price has been within the bullish trend approximately 75% of the days and 25% of the days within the bearish trend. But what’s interesting is that if you take the 100 largest bullish candles during this time, then 80% of them will occur during those periods when the market was in a...
This morning on Forex one euro was given 164.25 yen - the last time this happened was back in 2008, at the height of the financial crisis. The growth of EUR/JPY since the beginning of 2023 is already about 17%.
How far can the rate rise?
From a fundamental point of view, the growth of the exchange rate is due to the difference in the policies of the ECB and the...
Since the beginning of November, the price of Brent oil has decreased by more than 5%. This is due, among other things, to easing concerns about the escalation of the military conflict in the Middle East. According to the latest news:
→ Reuters: Iran does not plan to fight with Israel on the side of Hamas;
→ the UN Security Council adopted a resolution regarding...
According to data published yesterday, the actual CPI value was = 3.2%, expected = 3.3%, previous value = 3.7%. The Core CPI value also dropped from the previous value = 0.2% to the current value = 0.1%.
Thus, inflation in the United States is confidently approaching the target of 2%, which minimises the likelihood of further tightening of monetary policy.
The...
Navigating the volatile world of trading requires sharp instincts and well-strategised techniques. Breakouts and pullbacks are key concepts in trading, and understanding these principles can enhance trading outcomes. This article delves into four strategies, offering practical entry and exit criteria, and provides valuable insights for trading range breakouts and...
USD/JPY is declining and showing bearish signs below the 151.00 level.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY is trading in a bearish zone below the 151.00 and 150.70 levels.
· There was a break below a major bullish trend line with support at 151.65 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY...
EUR/USD started a fresh increase above the 1.0775 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro is rising and trading well above the 1.0835 resistance zone.
· There is a key bullish trend line forming with support near 1.0775 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at...
According to them:
→ the price of the S&P 500 index will reach 4,500 at the end of the year (previous forecast = 4,200);
→ the dollar will continue to remain strong.
According to Goldman Sachs analysts, published yesterday, the price of the S&P 500 index will fluctuate around current levels, forming a consolidation zone.
That is, a decline in the S&P 500 is...
BTC/USD Analysis: JP Morgan Analysts Warn of a Possible Correction
Last week, the BTC/USD rate rose to the level of USD 38k per coin on the excitement associated with the expected launch of a spot Bitcoin ETF.
However, as the week begins, bitcoin price performance shows signs that the hype appears to be waning:
→ the speed with which the price dropped from...
In the fall of 2023, bullish sentiment developed in the EUR/GBP market: since September 1, the rate has risen by more than 2%, price dynamics have formed an ascending channel (shown in blue). Moreover, on Friday, the price reached its highest in approximately 6 months.
Growth drivers, among other things, are news related to the policies of the Bank of England and...
EUR/GBP is rising and might climb above the 0.8755 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is gaining pace and trading above the 0.8720 zone.
· There is a major rising channel forming with support near 0.8735 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a...
GBP/USD started a fresh decline from the 1.2430 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is showing bearish signs below the 1.2310 support.
· There is a key bearish trend line forming with resistance near 1.2245 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at...
Navigating financial markets often involves confronting periods of high volatility. For traders, the question invariably arises: what is the best way to deal with volatility? This article aims to provide a comprehensive overview of understanding market volatility, managing risks, choosing appropriate trading styles, and utilising key analytical tools to help...
Less than a month ago, US officials tightened rules on sales of high-end artificial intelligence chips to China. And yesterday, from the SemiAnalysis newsletter, it became known that Nvidia has developed new chips called HGX H20, L20 PCIe and L2 PCIe, which are not subject, in whole or in part, to existing export restrictions to China.
The news about the new...
