On Friday, silver was trading at USD 23.5 per ounce, but on Monday morning it dropped below USD 21.7 – a difference of 7.5%.
Fundamental influencing factors are not clearly identified, but it can be assumed that the sharp drop was facilitated by:
→ the fact that a shutdown of US government agencies was avoided, since the authorities reached a budget agreement –...
Understanding volume and volume indicators is crucial for anyone looking to understand the financial markets. This article offers traders insights into the five of the best volume indicators, allowing them to gauge market trends, momentum, and potential reversals.
Understanding Volume and Volume Indicators in Trading
In trading, volume refers to the quantity...
EUR/GBP is rising and might climb above the 0.8675 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is rising and trading above the 0.8660 zone.
· There is a major bearish trend line forming with resistance near 0.8675 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 is struggling below the 1.2235 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is showing bearish signs below 1.2235 and 1.2270.
· There is a key bullish trend line forming with support near 1.2160 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the...
September is likely to be the second month in a row that the Dow Jones (US 30) stock market index declined. The last time this happened was... also in September, a year ago.
Important economic data was published yesterday:
→ According to a revised report released by the Bureau of Economic Analysis, US real GDP increased 2.1% year over year in the second quarter....
The decline in the price of the asset considered a safe haven was facilitated by rising bond yields, which are becoming more attractive for investment in a high-interest environment. According to top Federal Reserve officials, new increases are possible to achieve inflation targets.
At yesterday's low, the price fell below 1,860 per ounce for the first time since...
Crude oil price is now correcting gains and trading below the $92.00 support.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices are now correcting lower below the $92.00 zone.
· There was a break below a key bullish trend line with support near $92.50 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly...
Gold price is moving lower below the $1,885 support.
Important Takeaways for Gold Prices Analysis Today
· Gold price failed to clear the 1,915 resistance and moved lower against the US Dollar.
· A major bearish trend line is forming with resistance near $1,865 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold...
The Chop Zone indicator serves as an intuitive tool for traders. Using a distinct colour-coded system, it provides instant insights into market momentum, offering an at-a-glance view of trends and reversals. This article delves into its intricacies and how to take advantage of its signals.
What Is a Chop Zone in Trading?
So what is a Chop Zone indicator? A...
Investors in the US stock market have serious reasons to worry:
→ The likelihood of a shutdown of government agencies is becoming more and more real. It could happen as early as next week if a budget agreement is not reached (A new fiscal year begins on October 1 in the United States).
→ The prospect of a high policy rate that could last longer than expected is...
Yesterday, the head of the SEC regulator, Gary Gensler, answered questions for 4 hours before the Financial Services Committee of the US House of Representatives, which, among other things, related to cryptocurrencies.
What has become known:
→ on the eve of the hearing, Gary Gensler was sent a letter from four members of the US Congress demanding approval of...
As the chart shows, the day before yesterday, a barrel of WTI cost USD 87.87, but this morning, the price exceeded the level of USD 93. That is, the growth was more than 6% in just 2 days.
The main driver of such growth remains the voluntary reduction in oil production by OPEC+ countries. Added to this was the market's reaction to yesterday's news about the...
Chart patterns play a vital role in predicting future market trends. Among numerous chart formations used by traders, the Adam and Eve chart pattern holds a unique position, particularly for short-term bullish reversals. This article will dissect the nuances of this setup and provide a blueprint on how to capitalise on its signals effectively.
How to Identify...
After the Fed signaled last week that rates may be higher for longer than expected, the US stock market has received a strong bearish boost. And among the most vulnerable assets were technology stocks (considered risky). The NASDAQ index has already fallen by about 6% since last Wednesday (when the FOMC meeting took place). And the negative backdrop from the Fed...
USD/CHF is rising and might aim a move toward the 0.9220 resistance.
Important Takeaways for USD/CHF Analysis Today
· USD/CHF is gaining pace above the 0.9135 resistance zone.
· There is a key bullish trend line forming with support near 0.9150 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 1.0615 support.
Important Takeaways for EUR/USD Analysis Today
· The Euro struggled to clear the 1.0670 resistance and declined against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.0585 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart...
In trading, Williams’ indicators stand out for their distinct approach to market analysis. Employed in many successful traders’ strategies, they can provide unique insights that help traders navigate the market with confidence. This article explores two key Williams’ strategies and provides insights into their applications, benefits, and potential challenges in...
