GBP/USD Analysis: Pair Recovers from 7-Month Low
The GBP/USD pair dropped below the psychological level of 1.25 today, a level last seen in early May. Over the past two days, the pair has declined by more than 1.5%, driven by central bank decisions.
On one hand, the US dollar strengthened after the Federal Reserve chair's comments on Wednesday, hinting at...
Micron Technology (MU) Stock Drops 16%
On Wednesday, Micron Technology released its quarterly earnings report after the main trading session closed. The results aligned closely with analysts' expectations: earnings per share came in at $1.79, slightly above the forecast of $1.76, while revenue met projections at $8.71 billion.
Despite meeting estimates, the...
1-Minute Scalping Trading Strategies With Examples
Scalping is a popular trading style capitalising on rapid, small price movements within minutes. 1-minute scalping strategies are often used by traders but require precise execution and solid understanding of technical indicators. This article explores four 1-min scalping strategies, detailing the indicators...
USD/JPY Rises to a Nearly 5-Month High
According to the USD/JPY chart today, the US dollar has climbed to 157 yen. This movement was driven by monetary policies of both countries' central banks.
The Federal Reserve took a hawkish stance, with Chair Jerome Powell suggesting the possibility of fewer rate cuts in 2025 than earlier expected.
On the other side, the...
Nasdaq 100 Index Plummets After Fed Decision
On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we:
→ Drew a blue upward channel relevant for 2024;
→ Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone;
→ Suggested that bulls might face difficulties in pushing the...
Forex Traders Await the Fed's Decision
The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%.
Analysts at Apollo Global Management, in their Economic...
Amazon (AMZN) Stock Price Surpassed $230 for the First Time
On 12th November, while analysing Amazon (AMZN) stock chart, we:
→ drew two ascending channels (a long-term one marked in blue and a steeper one represented by black lines);
→ anticipated a test of the $200 level as part of a correction.
According to the AMZN chart, since then:
→ the price corrected...
What Is ICT Turtle Soup, and How Can You Use It in Trading?
The ICT Turtle Soup pattern is a strategic trading approach designed to exploit false breakouts in financial markets. By understanding and leveraging liquidity grabs, traders can identify potential reversals and enter trades with relative precision. This article delves into the components of the ICT...
Market Analysis: NZD/USD Sink Further, Losses Mount
NZD/USD is also moving lower and might extend losses below 0.57350.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.5790 resistance zone.
- There is a short-term bearish trend line forming with resistance at 0.5750 on the hourly chart of NZD/USD at FXOpen.
NZD/USD...
Market Analysis: AUD/USD Sink Further, Losses Mount
AUD/USD declined below the 0.6400 and 0.6375 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6400 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6340 on the hourly chart...
Nvidia (NVDA) Stock Price Falls to a Two-Month Low
While the Nasdaq 100 index (US Tech 100 mini on FXOpen) climbed to an all-time high, Nvidia's (NVDA) stock price dropped below $131 during yesterday's trading session for the first time since mid-October. This bearish behaviour suggests a weakening of Nvidia's leading position. What is the reason?
A key driver...
Nasdaq 100 Reaches Record High
On 29th October, analysing the Nasdaq 100 (US Tech 100 mini on FXOpen) chart, we:
→ Drew a blue upward channel relevant for 2024.
→ Noted that the price was in a consolidation phase (indicated by narrowing purple lines) at the channel's median, suggesting a potential balance of supply and demand forces.
→ Warned that earnings...
How to Build a Forex Trading Indicator
In the dynamic world of financial trading, understanding how to build a trading indicator is a valuable skill. This article is designed to navigate you through the essential steps of creating your own trading indicators, offering a blend of technical and practical insights to potentially enhance your market analysis and...
Broadcom Inc. (AVGO) Stock Price Soars Nearly 20%
The chart shows that at the end of last week, Broadcom Inc. (AVGO) stock price surged nearly 20%, breaking the psychological barrier of $200 per share and pushing the company’s market capitalisation to $1 trillion.
Last week, the company released its quarterly earnings report. The actual figures were close to...
Market Year Wrap 2024: Key Highlights and Outlook for 2025
The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic...
Why Is the Mexican Peso So Liquid?
The Mexican peso, a dynamic player in the global forex market, embodies a unique blend of historical resilience and modern financial attractiveness. As we delve into the reasons behind its impressive liquidity, this article offers valuable insights for traders and investors eager to understand the intricacies and opportunities...
Market Analysis: USD/CAD Builds on Gains
USD/CAD is rising and might aim for more gains above the 1.4245 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.4200 support zone.
- There is a contracting triangle forming with resistance at 1.4245 on the hourly chart at FXOpen.
USD/CAD Technical Analysis...
Market Analysis: GBP/USD Faces Trouble
GBP/USD started a fresh decline below the 1.2720 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started another decline from the 1.2800 resistance zone.
- There is a short-term declining channel forming with resistance at 1.2650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical...
