This week could be the worst for stock markets in 3 months after a series of interest rate hikes by central banks, writes Bloomberg.
The UK and Switzerland raised the rate by 0.25%. While the US Fed has left rates unchanged for now, Jerome Powell said another rate hike or two may be needed in 2023. Higher-than-expected inflation in Japan has also fueled...
Crude oil price is also declining and remains at a risk of more losses below $69.00.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices are also moving lower below $71.20 and $70.20 levels.
· There was a break below a major bullish trend line with support near $70.85 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On...
Gold price is moving lower below the $1,928 support.
Important Takeaways for Gold Prices Analysis Today
· Gold price failed to clear the $1,965 resistance and start a fresh decline against the US Dollar.
· It is now following a key bearish trend line with resistance near $1,915 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the...
Are you looking for a way to take advantage of short-term market movements without the stress of day trading? Look no further than swing trading. In this article, we’ll dive deep into the world of swing trading, exploring how it differs from day trading, discussing its advantages and disadvantages, and taking a look at some of the most popular swing trading tools...
According to MarketWatch, Mark Stevens, an Nvidia board member, sold 118,602 NVDA shares in the Friday and Tuesday trading sessions, raising over USD 50 million.
Earlier it became known about the sale of shares of 2 more top managers of Nvidia:
→ Tench Coxe announced a USD 21 million share sale, having sold USD 38 million worth of shares earlier this month.
→...
Yesterday, the BTC price topped USD 30k for the first time since April. There may be several reasons, among them:
→ Powell's speech to lawmakers on Capitol Hill yesterday. The Fed chief said further rate hikes are a pretty good guess as to where the Fed is heading. The dollar index reacted to his hawkish statement with a fall. At the same time, it pushed up the...
USD/CHF is rising and might aim a move toward the 0.9055 resistance.
Important Takeaways for USD/CHF Analysis Today
· USD/CHF is recovering higher above the 0.8945 resistance zone.
· There is a key rising channel forming with support near 0.8970 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 decent increase above the 1.0860 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro gained pace after it broke the 1.0860 resistance against the US Dollar.
· There is a major bullish trend line forming with support near 1.0905 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of...
CPI (Consumer Price Index) was 8.7% in annual terms (8.4% — forecast, 8.7% last month).
Core CPI (excluding prices for food, energy, tobacco and alcohol) rose to 7.1% in annual terms (6.8% — forecast, 6.8% last month). This is the highest core inflation since 1992.
News of persistently high inflation may have an impact on the decision of the Bank of England on...
The price of bitcoin is rising to the highs of June after a sharp drop that happened due to SEC lawsuits against the Binance and Coinbase exchanges.
Fortunately for crypto investors, the situation did not go according to the worst-case scenario. The court did not freeze Binance.US funds, giving the regulator and exchanges the opportunity to find a compromise. But...
Cryptocurrencies are known for their volatility. While that may put some traders off, it creates many potentially lucrative scalping opportunities for those with significant experience and who can react quickly. In this article, we’ll explore five top crypto scalping strategies and help you learn how to scalp crypto effectively with a simple framework.
What...
This morning, the Japanese currency weakened to 142.25 yen per US dollar for the first time since November 2022.
This is a consequence of the difference in the monetary policies of the two countries. Last week, the Fed, although it paused in raising the rate, said that it could be raised before the end of the year. On the other hand, the Bank of Japan on Friday...
EUR/GBP declined and now trading below the 0.8565 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP started a fresh decline from the 0.8590 resistance zone.
· There is a major bearish trend line forming with resistance near 0.8540 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair...
GBP/USD rallied above the 1.2765 and 1.2800 resistance levels.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is trading in a bullish zone above 1.2700 against the US Dollar.
· There is a key bullish trend line forming with support near 1.2765 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of...
INTC shares have underperformed in the tech sector for years (due to equipment obsolescence and a lack of innovation as well), but last week was the best week since July 2009. The reason for the rise is related to the hype around AI.
According to rumors, the company has released a new processor that shows good results when training neural networks. And one...
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
Worries about a banking crisis and a recession amid high inflation seem to be a thing of the past. This week, the E-mini S&P 500 returned to its March 2022 levels, having recouped all the losses since the Fed's first rate hike.
According to UBS analysts, the current growth of indices in the stock market is associated with “inflation of greed”. That is, under the...
When non-traders think of trading, they often envision an indicator like the Ichimoku Cloud: a seemingly indecipherable mess of lines and colours. But in reality, the Ichimoku Cloud is logical, once you understand it, and quite an effective tool. In this article, we’ll take a look at what the Ichimoku Cloud is, its interpretation, and how you could use it as part...
