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...
As it became known, BlackRock has filed an application with the SEC for an ETF based on spot Ethereum. Information about the iShares Ethereum Trust appeared on the Nasdaq website.
If such an expression is acceptable, the price of the second cryptocurrency has gone in pursuit of bitcoin, which is rewriting the highs of the year amid expectations associated with...
In the forex market, pivot points have long been a staple in the toolkit of forex traders, serving as key indicators into market sentiment and potential price action. Rooted in simple mathematics, they offer actionable insights into support and resistance levels. This article delves into the utility of pivot points in various strategies, including intraday, swing,...
Crude oil prices declined heavily below the $80.00 support and moved into a bearish zone.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices dived toward the $75 zone before the bulls appeared.
· A key bearish trend line is forming with resistance near $76.90 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the...
Gold price is correcting gains below the $1,980 support.
Important Takeaways for Gold Prices Analysis Today
· Gold price failed to settle above the $2,000 region and moved lower against the US Dollar.
· It broke a major bearish trend line with resistance near $1,958 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart...
The bitcoin rate exceeded USD 36,500 per coin for the first time in 2023.
This is fueled by pending approval of Bitcoin ETF applications pending before the SEC. According to the latest information, SEC representatives are in contact with the Grayscale fund, one of those who submitted applications. This increased confidence that applications would be approved....
For the first time since 2008, the rate exceeded the level of 161 yen per euro.
The strength of the euro and the weakness of the yen are contributed to by different policies of central banks.
The European Central Bank's chief economist said on Wednesday that he had not seen enough progress in curbing inflation. This may mean a continuation of the ECB's tight...
This happened for the first time since mid-October, when gold was rapidly rising in price on fears related to the escalation of the military conflict in the Middle East.
At the same time, the psychological level of USD 2,000 per ounce demonstrated its importance.
Notice the volatility spikes around it — the bulls were active in the attacks, noticeable on the...
As the chart shows, the price of WTI oil has dropped below USD 77.50 – the last time prices were this high was in mid-July.
The decline in oil prices was contributed to by:
→ first, easing concerns about the escalation of the military conflict in the Middle East and interruptions in the supply of oil produced in the region;
→ secondly, the data from Beijing....
Order flow analysis is a specialised technique that provides traders with an in-depth look at real-time market activities. This article explores its core elements and contrasts them with other forms of analysis, like technical analysis, aiming to offer actionable insights for traders interested in leveraging this data-centric approach.
What Is Order Flow...
USD/CHF declined and now struggling below the 0.9010 resistance.
Important Takeaways for USD/CHF Analysis Today
· USD/CHF declined below the 0.9030 and 0.9010 support levels.
· There is a connecting bearish trend line forming with resistance near 0.9010 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the...
EUR/USD started a recovery wave above the 1.0700 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro gained pace after it broke the 1.0635 resistance against the US Dollar.
· There is a major bullish trend line forming with support near 1.0685 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of...
USD/CAD is recovering and might aim for a move toward the 1.3795 resistance.
Important Takeaways for USD/CAD Analysis Today
· USD/CAD declined toward the 1.3635 zone before the bulls took a stand.
· It broke a major bearish trend line with resistance near 1.3660 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at...
GBP/USD started a decent increase above the 1.2225 resistance.
Important Takeaways for GBP/USD Analysis Today
· The British Pound climbed above the 1.2225 and 1.2315 resistance levels.
· There is a connecting bullish trend line forming with support near 1.2315 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of...
According to Friday's data, in the US:
→ the unemployment rate rose to 3.9% (expected = 3.8%). The last time the level was this high was in February 2022.
→ the number of workers employed in the non-agricultural sector increased over the month by only 150k (+178k expected). The last time the figure was below 150k was in February 2021.
Published negative data...
What stocks do day traders trade? What stock types are more appropriate for swing traders? Selecting suitable stocks for trading requires an amalgamation of keen market understanding and thorough research. This process, while complex, is fundamental for traders aiming to navigate the ever-evolving financial markets with precision. Platforms like FXOpen provide...
AAPL shares rose approximately 1.2% during the session yesterday in anticipation of a strong Q3 report. It actually turned out better than predicted:
→ earnings per share: actual = USD 1.46; forecast = USD 1.39;
→ gross income: actual = USD 89.49 billion; forecast = USD 89.34 billion.
However, as a result, the price of AAPL shares decreased; in the pre-market on...
Market cycles are a cornerstone of financial trading, shaping the opportunities and risks faced by traders across various markets. This article delves into the key phases of market cycles, how they manifest in different trading arenas, and how traders can capitalise on these predictable patterns for trading success.
The Four Phases of Market Cycles
Market...
