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...
Google Share Price Rose Post-market to a New All-time Record
Yesterday, after the close of the main trading session, a report on activities for the 1st quarter of Alphabet Inc. (Google's parent company) was published. The report was strong, exceeding investors' expectations.
→ Quarterly EPS = USD 1.89 (expected = USD 1.51), which represents a 15% increase...
S&P 500 Rebounds after Negative GDP News
Data released yesterday showed US GDP growth slowed to 1.6% in the first quarter of the year. According to ForexFactory: forecast = 2.2%, past value = 2.4%.
Reaction to the news sent the S&P 500 mini stock index (US SPX 500 mini on FXOpen) sharply lower as market participants may fear a period of stagflation — a period...
USD/CAD Daily Chart Outlook
USD/CAD is consolidating and might aim for a move above the 1.3760 resistance zone.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3660 support zone.
There is a major bullish trend line forming with support at 1.3620 on the daily chart at FXOpen.
USD/CAD Technical Analysis
On...
GBP/USD Daily Chart Outlook
GBP/USD is attempting a recovery wave from 1.2300.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a recovery wave above the 1.2400 resistance.
There is a key bearish trend line forming with resistance near 1.2520 on the daily chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the daily...
How Does Recession Affect Financial Markets?
Recessions, marked by widespread economic decline, profoundly impact financial markets. Understanding how different markets – stock, forex, commodity, and bond – respond to these downturns is crucial for traders and investors. This article delves into the varied effects of recessions, highlighting strategies for...
USD/JPY Analysis: The Rate Exceeds The Level of 155 Yen Per USD
Today, the price of USD/JPY once again renewed its 34-year high, exceeding the level of 155 yen per dollar, which put pressure on the current authorities.
According to Reuters, officials are trying to maintain calm in the market.
"We will closely monitor market movements and respond accordingly,"...
META Share Price Collapses after Publication of Quarterly Report
Just yesterday, META's stock price closed at USD 493.50, up approximately 40% since the start of 2024 and up nearly 300% since the start of 2023.
However, following the release of Meta's quarterly report, its shares plummeted to USD 400 in post-market trading, representing a decline of more than...
USD/JPY Analysis: The Rate Exceeds The Level of 155 Yen Per US Dollar
Today, the price of USD/JPY once again renewed its 34-year high, exceeding the level of 155 yen per dollar, which put pressure on the current authorities.
According to Reuters, officials are trying to maintain calm in the market.
"We will closely monitor market movements and respond...
AUD/USD Rises Sharply on Inflation News
The Consumer Price Index for Australia was released this morning. According to ForexFactory:
→ CPI in quarterly terms: actual = 1.0%, expected = 0.8%, previous value = 0.6%;
→ CPI in annual terms: actual = 3.5%, expected = 3.4%, previous value = 3.4%.
Rising inflation figures suggest that the Reserve Bank of Australia's...
TSLA Share Price Up About 13% Despite Disappointing Report
Yesterday, TSLA trading closed at USD 144.68 per share, after which Tesla reported its results for the 1st quarter:
→ earnings per share: actual = USD 0.45, forecast = USD 0.49;
→ gross income: actual = USD 21.45 billion, forecast = USD 22.2 billion.
However, in the post-market, TSLA's share price rose...
Market Analysis: Oil Price Regains Strength
Crude oil price is rising and it could climb further higher toward the $85.50 resistance.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices are moving higher above the $82.00 resistance zone.
There was a break above a connecting bearish trend line with resistance at $82.00 on the hourly chart...
