The Senate, as expected, approved a bill on the ceiling of the US national debt, now it will go to President Biden's signature. The decision will set the course for federal spending for the next two years and suspend the debt ceiling until January 1, 2025, by which time a new episode of the US default drama series can be expected. Bloomberg estimates that US federal debt is on track to grow from 97% of GDP in 2022 to over 130% of GDP by 2033. According to Reuters, BlackRock CEO Larry Fink believes that the protracted debate over the national debt ceiling has threatened the status of the dolla ..read more

Since the beginning of yesterday's trading session, the AUD/USD rate has increased by 1.7%. This is due to the difference in the monetary policies of the Fed and the RBA. On the one hand, Philadelphia Fed President Patrick Harker said on Thursday that it was time to at least press the stop button for one meeting and see how it goes, referring to the June 13-14 meeting and the pause in a series of Fed’s interest rate hikes. On the other hand, Australia raised the minimum wage by 5.75% from July 1, a decision that will affect the wages of 2 million people. This is an argument in favor of the fa ..read more

AUD/USD is moving higher and might climb further higher above 0.6615. NZD/USD is also rising and might surge toward the 0.6145 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today · The Aussie Dollar started a fresh increase above the 0.6520 and 0.6550 levels against the US Dollar. · There was a break above a major bearish trend line with resistance near 0.6520 on the hourly chart of AUD/USD at FXOpen. · NZD/USD is gaining bullish momentum above the 0.6060 support. · There was a break above a key bearish trend line with resistance near 0.6020 on the hourly chart of NZD ..read more

Swing trading is a style employed by many traders looking to combine the intensity of day trading with the strategic planning of long-term investing. In this article, we’ll be taking an in-depth look at four of the best strategies for swing trading, offering information on entry criteria, stop-loss placements, and taking profits. What Is Swing Trading? Swing trading is a style of trading that aims to profit from market movements over the course of a few days to several weeks. Unlike day trading, where positions are almost always opened and closed within the same day, swing traders hold positi ..read more

During the first 3 days of this week, the price of EURO STOXX 50 (SX5E) has fallen by more than 3%. This was facilitated by: → lower oil prices on the eve of the OPEC+ meeting scheduled for June 4. The Saudi oil minister urged market speculators to "be careful”; → uncertainty about the US debt ceiling. While a deal has been tentatively reached, it has yet to be officially approved by the Senate. There are only a few hours left; → reduced shares of European companies producing luxury goods due to falling demand; → disappointing data from China (we wrote about it yesterday), with which Europe i ..read more

Volatility refers to the frequency and amplitude of price fluctuations. It is an important indicator of changes in exchange rates, so traders and investors use it to assess risk. If, in a set time, the price changes dramatically and with large spreads, the volatility is high. The degree of volatility shows the state of the market at different points in time. If there is a significant rise in interest from bulls or bears, volatility rises. Such interest leads to increased risks and more trading opportunities. In this article, we will discuss the highly volatile currency pairs you may encounter ..read more

As the global reserve currency, the performance of the US dollar (USD) against currencies from other countries is an important trading indicator. While a weak dollar might sound negative, there are financial assets that benefit when the US currency – also known as the greenback because of the colour of the banknotes – trades lower relative to other currencies. Who benefits from a weak dollar? In this FXOpen article, we look at the definition of a strong dollar vs a weak dollar and how you can use a weak dollar in your favour. What Is a Strong vs a Weak US Dollar? The foreign exchange (FX) mar ..read more

Amazon stock is on a roll and is currently trading at its highest point in six months. In fact, whilst a six-month high might seem enough of a reason to rejoice, Amazon’s absolute growth is even more remarkable when looked at from a percentage perspective. Amazon stock has grown in value by a remarkable 43% since the beginning of this year, which outstrips its big-cap rivals by a huge margin. Indeed, the average growth during the same period of similar-sized firms whose stocks are listed on the S&P 500 index has been approximately 10%. It could be fair to say that much of the rising value ..read more

Position trading is a time-tested approach to the financial markets, allowing traders to profit from long-term trends. In this article, we’ll explore the top four strategies for positional trading, discuss the features of successful position traders, and briefly examine three essential indicators that can help with your position trading journey. What Is Position Trading? Position trading is a type of trading where a trader holds onto their positions for an extended period, typically ranging from weeks to months or even years. In contrast to day traders, who attempt to profit from intraday pri ..read more

The morning star candlestick is a popular price action setup that technical analysts and traders use to identify potential trading opportunities. It indicates a reversal from a bearish to a bullish trend and is a valuable addition to any trader's toolkit. In this article, we will cover all the technical aspects of the morning star candlestick pattern, including how to trade it effectively, and we will describe strategies for managing the associated risks. What Is the Morning Star Candlestick Pattern? The morning star in technical analysis is a reversal formation that appears at the end of a d ..read more