USD/CHF is rising and might aim a move toward the 0.9060 resistance.
Important Takeaways for USD/CHF Analysis Today
· USD/CHF is gaining pace above the 0.9000 resistance zone.
· There is a key bearish trend line forming with resistance near 0.9020 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 from the 1.0830 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro struggled to clear the 1.0845 resistance against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.0800 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at...
The FTSE 100 index is rapidly declining on Wednesday morning amid news of another spike in inflation. The Core CPI (excluding energy, food and tobacco prices) reached 6.8%, the highest in over 30 years. Market participants are now almost certain that the Bank of England will raise interest rates at its next meeting.
The UK100 chart (a tool that reflects the...
While Coinbase is launching an advertising campaign in Washington to convey to government officials that cryptocurrencies are technologies that can move the country forward, Hong Kong has taken a step towards a regulated cryptocurrency market.
The Hong Kong Securities and Futures Commission (SFC) announced on May 23 that rules for retail investors to trade...
As the USD/JPY chart shows, the Japanese currency exchange rate exceeded 138.8 yen per dollar this morning – the last time such a yen rate against the US dollar was fixed was in November 2022.
The USD/JPY peak was helped by statements from the Fed on Monday, signaling that monetary policy could remain tight for a long time to bring inflation back to the 2%...
Exactly 13 years ago, programmer Laszlo Heinitz, for the first time in history, paid for a real product with bitcoins — two Papa John's mushroom pizzas with sausages, tomatoes and onions. The purchase cost him “only” 10k bitcoins (25 USD at the exchange rate at that time, almost $270 million at the current price of 1 bitcoin in US dollars).
Then cryptocurrencies...
It happened last week. Since the beginning of 2023, AMD's share price has risen by 66%. According to technical analysts at Bank of America, AMD's share price has a bullish outlook; interestingly, just 2 weeks ago, the bank downgraded the stock.
According to analysts polled by the WSJ, AMD's average target price for a share is USD 102.68, which is below current...
EUR/GBP is now consolidating losses below the 0.8700 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP started a fresh decline from the 0.8710 resistance zone.
· There is a major bearish trend line forming with resistance near 0.8700 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair...
GBP/USD is struggling to clear the 1.2500 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is trading in a bearish zone below 1.2500 against the US Dollar.
· There was a break above a key bearish trend line with resistance near 1.2445 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of...
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 price of natural gas in USD rose sharply on Thursday after the US Energy Information Administration (EIA) reported a slightly smaller-than-expected weekly increase in domestic natural gas inventories.
At the same time, an important breakdown of the contracting triangle pattern formed by 2 lines (shown in blue) has formed on the XNG/USD natural gas...
Similarly, NZD/USD is facing strong resistance near 0.6540.
Important Takeaways for NZD/USD Analysis
· NZD/USD also started a steady increase above the 0.5750 and 0.6000 levels.
· There is a key bearish trend line forming with resistance near 0.6365 on the weekly chart at FXOpen.
NZD/USD Technical Analysis
On the weekly chart of NZD/USD at FXOpen, the pair...
AUD/USD struggled to stay above 0.7000 and corrected lower.
Important Takeaways for AUD/USD Analysis
· The Aussie Dollar started a downside correction from the 0.7150 zone against the US Dollar.
· There is a crucial bearish trend line forming with resistance near 0.6900 on the weekly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the weekly chart...
On Friday, the Japanese stock market index Nikkei 225 once again updated the maximum of the year. During this week, the bulls have overcome:
→ the psychological level of USD 30k;
→ the 2022 high around 30,800.
The strong momentum in the Nikkei 225 market is driven by:
→ the weak yen;
→ a strong reporting season for Japanese companies;
→ the news about...
This is reported by CNBC with reference to the opinion of a hedge fund manager who believes that AI-related demand will serve as a growth driver.
→ According to Goldman Sachs analysts, AI can increase the profits of S&P 500 companies by 30% in the next 10 years.
→ NVIDIA raises its FY2024 processor sales forecast due to demand for AI.
→ Billionaire Stanley...
On Wednesday morning, the dollar index exceeded the high of April. The two following factors contributed to the strengthening of the USD:
→ Growing drama with public debt. Yesterday it became known that President Joe Biden and a senior Republican in Congress, Kevin McCarthy, are close to an agreement to raise the US national debt ceiling, but the decision has not...
Twitter owner Elon Musk said that Linda Yaccarino, who until recently headed advertising at NBCUniversal (her team earned about USD 100 billion), will become the new director of the social network.
Here are the points that Musk made in an interview with CNBC:
→ Twitter is a very advertising dependent business and Linda is incredibly strong at it. I will continue...
USD/JPY is showing positive signs but must clear 137.30 to start a fresh increase.
Important Takeaways for USD/JPY Analysis
· USD/JPY corrected lower from the 152.00 resistance and found support at 127.20.
· There is a connecting bullish trend line forming with support at 133.00 on the weekly chart at FXOpen.
USD/JPY Technical Analysis
On the weekly chart...
