In the world of forex trading, understanding the nuanced tools at your disposal can significantly enhance decision-making processes. One such sophisticated tool is the Anchored Volume-Weighted Average Price (Anchored VWAP), which refines the standard VWAP by allowing traders to set a specific starting point. This article delves into the functionality of AVWAP, illustrating how it can be strategically used in forex trading to provide a clearer view of market dynamics. Understanding VWAP The Volume-Weighted Average Price (VWAP) is an essential indicator in the toolkit of traders and investors ..read more

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," Finance Minister Shunichi Suzuki told parliament on Thursday as an opposition lawmaker called on him to intervene in the foreign exchange market. Chief Cabinet Secretary Yoshimasa Hayashi confirmed that the Japanese authorities are ready to take action as necessary: "It is important that exchange rat ..read more

In recent trading sessions, the dollar has been trading quite differently to leading currencies. Thus, the yen is reaching historical lows, European currencies have managed to correct, and the Australian and Canadian dollars are testing strategic supports. USD/JPY The absence of currency interventions from the Bank of Japan and strong macroeconomic data from the United States are pushing the USD/JPY pair to new levels, above which the price has not risen since 1990. However, in the coming trading sessions the situation may change dramatically: Today at 15.30 (GMT +3:00) US GDP data for the f ..read more

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 investment and banking leviathan. Hong Kong's stature as the 'New York of the East' alluded to the investment banking sector, global institutional trading venues and currency clearing capacity, which stood it out as a gateway to the world for Chinese companies as well as a gateway to the Eastern markets for European ..read more

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 tight monetary policy may continue beyond expectations - which is why the Australian dollar has jumped higher relative to other currencies. Thus, from the minimum of the year against the US dollar, recorded on April 19, the Ausssie rose in price by more than 2%. Technical ana ..read more

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 approximately 13% thanks to Elon Musk's plans and statements: → We faced numerous challenges in Q1, including the conflict in the Red Sea and the arson attack at the Gigafactory in Berlin. We think the second quarter will be much better. → EV adoption rates around the world are under pressure ..read more

Gold price rallied above $2,400 before correcting lower. Crude oil price is rising and it could climb further higher toward the $85.50 resistance. Important Takeaways for Gold and Oil Prices Analysis Today · Gold price rallied significantly above $2,400 and recently corrected lower against the US Dollar. · It cleared a key bearish trend line with resistance at $2,310 on the hourly chart of gold at FXOpen. · 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 of XTI/USD at F ..read more

For a number of years now, there has been a lot of discourse over the current situation and the future of the German domestic economy. From both inside Germany and globally, analysts, government officials, and corporate leaders have demonstrated a pessimistic position and, perhaps more interestingly, have done so for a number of years. Germany is the European Union's largest economy and is also the most populous nation in the European Union, and traditionally, it has been a linchpin within mainland Europe due to its strong manufacturing industries, which export renowned products globally. In ..read more

GBP/USD At the end of last week, the British currency fell sharply, testing a significant support level at 1.2300. The resumption of the downward trend for the pair became possible after some statements by British officials: On Wednesday, Bank of England Governor Andrew Bailey said he expects a strong decline in inflation from next month. Dave Ramsden, Deputy Chairman of Markets and Banking, was also quite optimistic, noting that the recently published UK core CPI data was nothing more than a “glitch” in the deflationary process, and risks to sustainability and domestic inflationary pressure ..read more

On Monday, the price of gold fell from USD 2,386 to USD 2,333 per ounce — this is the strongest drop in one day in almost 2 years, according to Bloomberg. On Tuesday morning in the Asian session, the price continued to decline, reaching USD 2,300 per ounce. This happened against the backdrop of: → easing tensions in the Middle East. According to Tehran's official statement, Israel received "the necessary response at this stage." → signs that the Federal Reserve will keep rates high for longer. One of the reasons for the intensification of sales can also be considered the desire to take profit ..read more