UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News
On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism.
The FTSE index (UK100) today surpassed the 8300 mark. Additionally:
→ The opening occurred with a bullish gap;
→ On the daily chart of UK100, today the RSI indicator is...
What Did Buffett Say at the Shareholders' Meeting?
Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99.
Following the meeting, it was revealed that Berkshire Hathaway's cash reserves are at record levels and continuing...
How to Use Liquidity Zones and Liquidity Voids in Trading
Navigating the forex market demands a keen understanding of liquidity dynamics. This article delves into the critical concepts of liquidity zones and voids, offering traders insights into identifying areas of high trading activity and potential price gaps.
Understanding Liquidity in Trading
In trading,...
Weekly Market Wrap With Gary Thomson: FTSE 100, US Dollar, USD/JPY, BTC/USD
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
London Calling! FTSE 100 Stocks Flying High Once Again;
The Dollar Is...
The Price of Silver (XAG/USD) is Falling for the Second Consecutive Week
Following a surge in the price of silver close to the important psychological level of $30 per ounce on April 12, bearish momentum is now evident - concluding the week may mark the second consecutive week of decline for XAG/USD.
The decline in demand for silver could be linked to the...
AAPL Share Price Soars after Record Buyback Announced
Yesterday, after the end of the main trading session, Apple published its report on its activities for the 1st quarter:
→ Earnings per share: actual = $1.53; expected = $1.505;
→ Gross income: actual = $90.75; expected = $90.36.
The better-than-expected report came as a relief to investors after reporting...
Market Analysis: NZD/USD Attempt Another Recovery
NZD/USD is also rising and could extend its increase above the 0.6000 resistance zone.
Important Takeaways for NZD/USD Analysis Today
NZD/USD is showing positive signs above the 0.5925 support.
There is a key bullish trend line forming with support at 0.5940 on the hourly chart of NZD/USD at FXOpen.
...
Market Analysis: AUD/USD Attempt Another Recovery
AUD/USD is eyeing a steady increase above the 0.6555 resistance.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar is moving higher from the 0.6465 zone against the US Dollar.
There is a connecting bullish trend line forming with support at 0.6555 on the hourly chart of AUD/USD at FXOpen.
...
What Is a Fib Spiral in Trading?
In trading, the Fibonacci sequence, notable for its mathematical and artistic significance, is adapted into tools like the Fibonacci retracement and spiral. These tools provide traders with a unique perspective on market trends and potential reversal points, using ratios derived from the sequence to analyse price charts. This...
Look East! An Exciting Insight into FXOpen's New Hong Kong-listed Stock CFDs
Hong Kong has built up a gilt-edged reputation as one of the world's most reputable financial market centres. The city of Hong Kong enjoyed a unique position for many years. It is situated in the Asia Pacific region, very close to Shenzhen in mainland China, whilst being a global...
April Became the Worst Month for BTC/USD Since November 2022
In November 2022, the BTC/USD price dropped by 16.20%. The main driver of this decline was the crash of the FTX exchange.
In April 2024, the price of Bitcoin decreased by 14.77%. Paradoxically, the main news event could be considered the halving, which occurs every 4 years and is considered a bullish...
USD/JPY Analysis: US Dollar Weakens After Statements from the Federal Reserve Chair
Last night, the Federal Reserve's decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants.
According to CNBC, during the conference, the Fed Chair...
Market Analysis: USD/CHF Extends Rally
USD/CHF is rising and might aim a move toward the 0.9250 resistance.
Important Takeaways for USD/CHF Analysis Today
USD/CHF is showing positive signs above the 0.9185 resistance zone.
There was a break above a major bearish trend line with resistance at 0.9130 on the hourly chart at FXOpen.
USD/CHF Technical...
Market Analysis: EUR/USD Dives
EUR/USD started a fresh decline below the 1.0695 support.
Important Takeaways for EUR/USD Analysis Today
The Euro struggled to clear the 1.0750 resistance and declined against the US Dollar.
There was a break below a key bullish trend line with support at 1.0695 on the hourly chart of EUR/USD at FXOpen.
EUR/USD...
5 Stocks To Consider For May 2024
Time flies, especially when things are running smoothly, and this year so far has been a period free of dramatic events across the capital markets.
Suddenly, we are almost halfway through 2024, and the forthcoming month takes us up to that point. During the first part of 2024, scepticism and trepidation gave way to hope and...
CRON Stock Price Forms a Bullish Pattern ahead of the Report
The Cannabis Stocks market has experienced a significant decline since its peak in the spring of 2019. The share of the Canadian company Cronos (CRON) then formed a high above USD 24, and trading yesterday closed at USD 2.55.
However, even after the CRON share price fell 10 times, there are still...
USD/JPY: Rate Falls Rapidly after Exceeding Psychological Mark of 160 Yen Per Dollar
Despite the fact that today is a holiday in Japan, the foreign exchange market is experiencing extreme volatility — wide candles are forming on the USD/JPY chart, and the rate briefly exceeded the psychological level of 160 yen per dollar, reaching a new high in 34 years.
The...
What Are Cyclical Stocks?
Cyclical stocks are well known for ebbing and flowing with the rhythm of the economy. These stocks, a reflection of economic trends, demand a keen understanding of how various sectors react to changing economic conditions. This article delves into the world of cyclical stocks, offering insights into their nature, impact, and strategies...
