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. Nasdaq Composite: Worst Session since Late 2022 Market Analysis: EUR/USD Trims ..read more

As indicated by the 4-hour AUD/USD chart today: → the rate fell below 0.652, a level last seen on May 2; → the RSI indicator dropped below 15, a level last seen during the panic over the spread of COVID-19 in spring 2020. The weakening of the Australian ..read more

As shown in the AMZN chart, the stock price dropped below: → the psychological level of $180; → the mid-June interim low. The last time AMZN traded below $180 was in early June. Thus, AMZN has faced sell-offs, similar to other tech stocks whose charts we've published this ..read more

On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153. According to Reuters, this could be attributed to effective intervention by the Bank of Japan. While intervention was anticipated when the yen weakened to extreme levels not seen since 1983, Tokyo authorities ..read more

As indicated by the Nasdaq Composite chart (US Tech 100 mini on FXOpen), yesterday's decline was -2.62% in a single session. Thus, tech stocks experienced the sharpest drop since late 2022, with around 75% of companies in the Nasdaq Composite index closing in the red. Alphabet (GOOG ..read more

In the realm of technical trading, seasoned traders and beginners alike often turn to indicators to gauge market momentum and potential reversals. While many are familiar with popular tools like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), this article takes a different route. Here, we delve into other oscillators—each with its own unique features, significance in trading strategies, and methods for interpreting signals. Once you understand these instruments, you can open an FXOpen account to try them out on the live markets, trading with tight spreads from ..read more

Yesterday, Alphabet released its Q2 report: → Earnings per share: actual = $1.89, forecast = $1.847; → Gross revenue: actual = $84.742 billion, forecast = $84.208 billion. The actual figures exceeded analysts' expectations. However, today in pre-market trading, GOOGL's price fluctuates around $178.60 per share, down from $183.60 at yesterday's close. Investors might be disappointed by YouTube's ad sales growth falling short of expectations ($8.7 billion versus the projected $8.9 billion). It appears that GOOGL shares will join other tech companies whose stocks are losing ground in the stock m ..read more

On 8th July, we noted that oil prices were forming a large narrowing triangle, originating from 2022-2023, with its upper boundary being a significant resistance point. As shown on the Brent oil price chart (XBR/USD), bulls have since failed to overcome the upper boundary resistance around $87. Subsequently, the price: → turned downwards, breaking the blue upward trend line; → eventually breached the support level at $84, which we highlighted on 8th July; → Formed a descending channel (indicated in red). Bearish sentiment is driven by: → news of increased oil inventories; → reduced tensions i ..read more

The USD/CAD pair has been strengthening for the third consecutive week and is currently approaching the upper boundary of the three-month range of 1.3850-1.3600. The strength of the pair's buyers is quite significant, which could lead to a consolidation above 1.3850 and a continued rise towards the psychological level of 1.4000. However, the news background for the upcoming trading sessions is so saturated that it could lead to either a strengthening of the current trends or the formation of reversal patterns: today at 16:45 (GMT+3) the release of the US Services PMI for July; today at 16:45 ..read more

EUR/USD started a fresh decline below the 1.0900 support. USD/CHF is rising and might aim a move toward the 0.9000 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0950 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at 1.0870 on the hourly chart of EUR/USD at FXOpen. USD/CHF is showing positive signs above the 0.8900 resistance zone. There is a major bullish trend line forming with support at 0.8910 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart o ..read more