The price of the E-mini S&P 500 is at its highs since the beginning of the year, showing the optimism of market participants ahead of the publication of the US consumer price index (CPI) on Tuesday, 15:30 GMT + 3, and producer price index (PPI) data, which will be published in Wednesday, 15:30 GMT+3.
The rise of the E-mini S&P 500 today to some extent reflects...
USD/CAD is struggling and might decline further below the 1.3310 support.
Important Takeaways for USD/CAD Analysis Today
· USD/CAD is correcting losses from the 1.3310 support zone.
· There is a major bearish trend line forming with resistance near 1.3350 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the...
GBP/USD is showing positive signs above the 1.2540 resistance.
Important Takeaways for GBP/USD Analysis Today
· The British Pound started a strong increase above the 1.2440 resistance zone.
· There is a key bullish trend line forming with support near 1.2540 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD...
The following events may affect the GBP/USD rate:
→ Tue: 09:00 (GMT+3) – Claimant Count Change (UK labor market indicator)
→ Tue: 15:30 (GMT+3) - Consumer Price Index (indicator of inflation in the US)
→ Tue: 17:00 (GMT+3) – Speech by the Governor of the Bank of England
→ Wed: 09:00 (GMT+3) - UK GDP
→ Wed: 15:30 (GMT+3) – Producer Price Index (US inflation...
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.
The Donchian Channel indicator is a powerful tool that’s been employed by traders around the globe for decades. What does it stand for, and how do traders use it? In this guide, we’ll break down the components of Donchian Channels, how to interpret them, and offer a sample strategy that you can get started with right away.
What Is the Donchian Channel...
This week, the financial regulator SEC launched an attack on the cryptocurrency industry, suing the Binance and Coinbase exchanges, while classifying a number of popular coins as securities. As a result, since the beginning of June:
→ the price of bitcoin decreased by approximately 2.2%;
→ the price of Ethereum decreased by approximately 1.8%;
→ the price of BNB,...
EUR/GBP broke a crucial support at 0.8720 and might continue to move lower.
Important Takeaways for EUR/GBP Analysis
· EUR/GBP started a major decline from the 0.9000 resistance zone.
· It traded below a major bullish trend line with support near 0.8720 on the weekly chart at FXOpen.
EUR/GBP Technical Analysis
On the weekly chart of EUR/GBP at FXOpen, the...
AUD/NZD is facing major resistance near the 1.0985 zone.
Important Takeaways for AUD/NZD Analysis
· The Aussie Dollar started a recovery wave from the 1.0600 support against the New Zealand Dollar.
· There is a key bullish trend line forming with support near 1.0600 on the weekly chart of AUD/NZD at FXOpen.
However, the bears were active near the 50% Fib...
On Tuesday, Australia's central bank raised interest rates from 3.85% to 4.10%. This is the highest value in 11 years. We wrote about the likelihood of this event in a post dated June 2. Speaking on June 7, bank governor Philip Lowe said: “We have been prepared to be patient but our patience has a limit, and the risks are starting to test these limits,” warning...
The cryptocurrency market is shaken by claims from the SEC. The lawsuits by the US financial regulator against the world's largest cryptocurrency exchange Binance and its head Changpeng Zhao have added to the lawsuits against the Coinbase exchange, whose shares are traded on Nasdaq. In response, Coinbase representatives said that the exchange has no plans to ban...
E-mini S&P 500 futures are near 2023 highs. At the same time, the daily chart of the E-mini S&P 500 shows that the current price of the futures has consolidated above a series of lower peaks 1→2→3→4, which is a bullish sign.
However, WSJ analysts draw attention to an important detail — too much dependence of the growth of the index on the strong behavior of a...
USD/CHF could gain pace if it clears the 0.9290 resistance zone.
Important Takeaways for USD/CHF Analysis
· USD/CHF found support near 0.8820 and recently started an upside correction.
· There is a crucial bearish trend line forming with resistance near 0.9200 on the weekly chart at FXOpen.
USD/CHF Technical Analysis
On the weekly chart of USD/CHF, the pair...
EUR/CHF is struggling to clear the 0.9960 resistance zone.
Important Takeaways for EUR/CHF Analysis
· The Euro is facing strong resistance near 0.9960 against the Swiss Franc.
· There is a key bearish trend line forming with resistance near 0.9850 on the weekly chart of EUR/CHF at FXOpen.
EUR/CHF Technical Analysis
On the weekly chart of EUR/CHF at FXOpen,...
Looking for a way to determine market trends and momentum? Keltner Channels may be the tool you’re looking for. This volatility-based indicator can help you get a clearer picture of the market and identify potential trading opportunities. In this article, we’ll take a closer look at Keltner Channels, how they work, and how you can use Keltner Channels in...
It happened yesterday, a few hours before the start of the WWDC 2023 conference, which presented Apple's Vision Pro VR headset, as well as a number of other products from the company.
This is a new category in the company's lineup. Apple Vision Pro overlays virtual objects on top of real space, which is filmed by multiple cameras. Management is carried out by...
On June 6, it became known that the SEC filed a lawsuit against the largest cryptocurrency exchange Binance, collapsing the price of bitcoin and other cryptocurrencies.
Here is the essence of claims:
→ improper handling of customer funds,
→ misleading investors and regulators,
→ violation of the law on activities with "unregistered securities” — the stablecoins...
Harmonic patterns are known for their ability to provide effective trade setups. The Three Drives pattern is no different, and in this FXOpen article, we’ll delve into what this pattern is, how to identify it, and explore some of the best strategies for trading it.
Introduction to the Three Drives
The Three Drives pattern, sometimes referred to as the 3 Drives...
