Recent content by FXOpen Trader

  1. FXOpen Trader

    Daily Market Analysis By FXOpen

    NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by: → Weak yen supporting exporters. It increases the value of...
  2. FXOpen Trader

    Daily Market Analysis By FXOpen

    Market Analysis: GBP/USD Dives While USD/CAD Gains Bullish Pace GBP/USD declined below the 1.2665 support zone. USD/CAD is rising and might aim for more gains above the 1.3610 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline...
  3. FXOpen Trader

    Daily Market Analysis By FXOpen

    The US Currency Corrects after Recent Growth The incoming fundamental data of the past five-day period contributed to the strengthening of the American currency in almost all major pairs. Thus, the pound/US dollar currency pair lost more than 200 pp over several trading sessions, the euro/US...
  4. FXOpen Trader

    Daily Market Analysis By FXOpen

    The Spacs Are Back! NASDAQ on A High as Trump's Social Media Co Goes Public It seems as though the sensationalism that surrounded the controversial SPAC listings, which suddenly found their way onto the technology-friendly NASDAQ exchange in 2021, was a long time ago. Back at the beginning of...
  5. FXOpen Trader

    Daily Market Analysis By FXOpen

    USD/JPY Price Analysis: Consolidation ahead of US News This morning, news about inflation in Japan was published. It did not bring any surprises — inflation in Japan is gradually weakening as expected. Core CPI in annual terms: actual = 2.3%, forecast = 2.5%, a month ago = 2.6%, a year ago =...
  6. FXOpen Trader

    Daily Market Analytics - Forex

    GBPUSD Technical Analysis – 25th MAR, 2024 GBPUSD – Bullish Engulfing Lines GBPUSD opened this week on a bearish note from its decline last week and touched a low of 1.2594 after which we can see a continuous upsurge in its levels. We can see the formation of Bullish Engulfing lines in the...
  7. FXOpen Trader

    Daily Market Analytics - Forex

    EURUSD Technical Analysis – 25th MAR, 2024 EURUSD – Bullish Harami Pattern EURUSD started this week on a bearish note touching a low of 1.0801 today in the early Asian trading session, after which we can see that the prices have entered in a consolidation phase. We can see the start of a...
  8. FXOpen Trader

    Daily Market Analysis By FXOpen

    Big in Japan: Several Years of Failed Stimulus Ends, But Stocks Go Up! Japan's notoriously conservative approach to business practices combined with a world renowned reputation for engineering excellence has been a winning combination for the island nation for over 60 years. A relatively...
  9. FXOpen Trader

    Daily Market Analysis By FXOpen

    Bitcoin Price Recovered over the Weekend, But Market Anxiety Remains From the point of view of technical analysis of BTC/USD, on Friday evening the price of Bitcoin was near the lower boundary of the ascending channel (shown in blue). This was alarming as it indicated that the market action...
  10. FXOpen Trader

    Daily Market Analysis By FXOpen

    Watch FXOpen's 18 - 22 March Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: S&P500, USD, SNB, TSLA 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...
  11. FXOpen Trader

    Daily Market Analysis By FXOpen

    GBP/USD Price Falls to 1.26 after Bank of England Decision Yesterday, the GBP/USD market experienced a day of intense volatility due to a number of news items. According to Trading Economics: → UK retail sales were flat last month after a strong rise of 3.6% in January, contrasting with...
  12. FXOpen Trader

    Daily Market Analysis By FXOpen

    AAPL Share Price Falls More Than 4% after Antitrust Lawsuit Yesterday, the Department of Justice filed an antitrust lawsuit against Apple, alleging that the company has established a monopoly with the iPhone, which has harmed consumers, developers and competitors. "Each step in Apple's course...
  13. FXOpen Trader

    Daily Market Analysis By FXOpen

    Market Analysis: AUD/USD and NZD/USD Signal More Losses AUD/USD declined below the 0.6575 and 0.6550 support levels. NZD/USD is also moving lower and might trade below the 0.6000 zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from...
  14. FXOpen Trader

    Daily Market Analysis By FXOpen

    The Yen and European Currencies Strengthen after the Fed Meeting Yesterday's meeting of the US Federal Reserve disappointed dollar buyers. The rate remained at the same level as expected (5.25–5.50%). However, according to the updated FOMC forecast, it will be reduced three times this year by...
  15. FXOpen Trader

    Daily Market Analysis By FXOpen

    USD/CHF Analysis: SNB Decision Breaks Multi-month Trend According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus...
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