After a turbulent week filled with macroeconomic news and decisions of the central bank of the leading economies, on Monday morning futures for the E-mini S&P 500 index look bullish, being near the highs of the year.
The following factors contribute to the positive in the market:
→ Friday's data indicating a slowdown in inflation. The Core PCE Price index was...
EUR/GBP is consolidating and remains at risk of more downsides below 0.8545.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP declined below the 0.8600 and 0.8580 support levels.
There is a key breakout pattern forming with support near 0.8560 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen,...
GBP/USD is attempting a fresh increase from the 1.2770 region.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a steady increase above the 1.2805 resistance.
There is a short-term contracting triangle forming with resistance near 1.2860 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly...
It happened at yesterday's postmarket. At the same time, at the peak, the price of INTC stock reached a maximum of 2023. Here are the key points voiced by Intel CEO Pat Gelsinger:
→ Sales of server chips will only recover in Q4.
→ The company is prepared to take advantage of all the opportunities that open up with the development of AI.
→ The company is focused...
Relative Strength vs Relative Strength Index: What Are the Differences?
While the Relative Strength and Relative Strength Index indicators might share similar names, it’s important to know the difference between the two. In this article, we’ll discuss their unique characteristics, offer insights into their differences, and help determine which one is best for...
The interest rate in Japan has remained unchanged since 2016 at -0.1%. Thus, the leadership of the Bank of Japan, unlike its counterparts, is pursuing a stable ultra-soft policy. This morning, the expected decision to keep the interest rate was published, but the attention of traders was attracted by the intention of the Bank of Japan to offer the market 10-year...
NZD/USD also declined towards 0.6150, and it remains at risk of more losses.
Important Takeaways for NZD/USD Analysis Today
NZD/USD declined heavily from the 0.6260 resistance zone.
There was a break below a major bullish trend line with support near 0.6200 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of...
AUD/USD declined below the 0.6760 and 0.6720 support levels.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar started a fresh decline from well above the 0.6800 level against the US Dollar.
There was a break below a key bullish trend line with support near 0.6750 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On...
The social media giant's second-quarter results encouraged investors as ad revenue surged, the company is embracing AI, monetization of Instagram and Reels.
→ Facebook now has 2.06 billion daily active users, up 5% from a year ago. And taking into account Instagram and other applications — 3.07 billion, which is 7% more.
→ At the same time, the number of...
After the 11th increase, the interest rate reached 5.5%.
At the same time, the US dollar weakened because:
→ market participants may consider this to be the last hike in the cycle (although Powell admitted the possibility of a rate hike in September);
→ the Fed is no longer considering a recession scenario, which has reduced the relevance of cash as a defensive...
The inverted hammer candlestick pattern is a one-candlestick formation that can signal a potential reversal from a downtrend to an uptrend in the market. Traders and technical analysts often look for this pattern to identify potential buying opportunities in financial markets. In this article, delve into the meaning of inverted hammer candlestick and explore...
Google Report Gives Positive Momentum to S&P 500 Price Ahead of Fed Decision
Yesterday, after the close of the main trading session, the reports of Microsoft and Google, one of the leaders of the AI-related boom, were published.
MSFT's share price fell more than 3% post-market as, despite Microsoft's Q2 performance for 2023 exceeding analysts' expectations, the...
USD/JPY climbed higher above 141.00, but it might now correct gains in the near term.
Important Takeaways for USD/JPY Analysis Today
USD/JPY climbed higher above the 140.00 and 141.35 levels.
There is a key bearish trend line forming with resistance near 141.35 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY...
EUR/USD started a fresh decline below 1.1145.
Important Takeaways for EUR/USD Analysis Today
The Euro declined below the 1.1145 and 1.1095 support levels.
There is a major bearish trend line forming with resistance near 1.1095 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair...
Since the beginning of the month, the price of Brent crude oil has risen by about 10% — this July could be the best month since June 2022. Yesterday, the price of Brent exceeded USD 82, for the first time since April.
Among the drivers of oil price growth may be:
→ production cuts by Saudi Arabia;
→ restriction of export from the Russian Federation;
→...
Yesterday, the price of BTC/USD fell below the level of 29,700, a support that has been in place for about a month.
What are the reasons for the decline? CNBC writes about:
→ strengthening of the USD on the eve of the Fed's meeting on the interest rate, which puts pressure on the price of bitcoin, denominated in US dollars;
→ an article in the WSJ raising...
The bearish harami is a two-candlestick pattern that highlights that the market is in for a possible reversal from an uptrend to a downtrend. It may benefit traders and technical analysts seeking to spot selling opportunities. This article will outline how to recognise this formation with various bearish harami examples on a price chart and then interpret its...
USD/CAD is rising and might gain pace above the 1.3230 resistance zone.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is rising steadily from the 1.3120 support zone.
There was a break above a major bearish trend line with resistance near 1.3200 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at...
