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FXOpen Forex Blog | Forex trading, cryptocurrency trading - Cryptocurrency
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Bitcoin Price Forms a Potentially Strong Bullish Pattern | Market Pulse
Positive sentiment in the cryptocurrency market is currently being driven by: → The approval of a bill regulating the status of stablecoins; → Easing geopolitical tensions (a ceasefire in the Middle East and a trade agreement between China and the US); → Weakening US dollar, which increases the attractiveness of assets priced in
Euro Tests Multi-Year Highs Ahead of Key Macroeconomic Data | Market Pulse
Amid waning interest in the US dollar and growing expectations of dovish rhetoric from the Federal Reserve, the euro continues to strengthen, rapidly approaching multi-year highs. Both the EUR/USD and EUR/CAD pairs are showing steady growth ahead of the release of eurozone inflation data, which could confirm the
USD/CHF Exchange Rate Falls to Multi-Year Low | Market Pulse
According to the chart, the USD/CHF exchange rate has settled below the key psychological level of 0.8000. The rate hasn’t been this low since the financial crisis of 2008. On one hand, the drop in USD/CHF is driven by weakness in the US dollar. The US
Market Analysis: Gold Drop, Oil Slides — Traders Eye Macro Triggers | Market Pulse
Gold price started a fresh decline below $3,320. WTI Crude oil is down over 15% and remains at risk of more losses. Important Takeaways for Gold and WTI Crude Oil Price Analysis Today * Gold price climbed higher toward the $3,400 zone before there was a sharp decline against
XAU/USD Chart Analysis: Price Retreats to Monthly Low | Market Pulse
In mid-June 2025, demand for gold surged following reports of exchanged strikes between Israel and Iran, along with US bombings of Iran's nuclear facilities. As a so-called safe-haven asset, gold prices climbed towards $3,430. However, by the final day of June, the XAU/USD chart shows that gold had
S&P 500 Sets New All-Time High, Surges Above 6200 | Market Pulse
The S&P 500 index (US SPX 500 mini on FXOpen) started the week by reaching a fresh all-time high. As shown on the chart, the index hit 6,210 points earlier this morning. In addition to a reduced risk of US involvement in a large-scale war in the Middle
Nikkei 225 Index Rises Above 40,000 Points | Market Pulse
As the chart shows, the Nikkei 225 stock index (Japan 225 on FXOpen) has risen above the psychological level of 40,000 points — for the first time in five months. Bullish drivers include: → Reduced geopolitical risks. A ceasefire between Iran and Israel has boosted market sentiment, with stock indices rising
GBP/USD Hits June Low | Market Pulse
As the GBP/USD chart shows, the pair dropped sharply last night, falling below the 1.34170 level. This move marked the lowest point for the pound against the dollar since the beginning of June. One of the main drivers behind this decline is the strengthening of the US dollar,
Bank of Japan Leaves Interest Rate Unchanged | Market Pulse
This morning, the Bank of Japan (BOJ) released its interest rate decision, keeping the rate unchanged as widely expected. According to Forex Factory, the BOJ Policy Rate remains at 0.5%. BOJ Governor Kazuo Ueda noted the following: → Japan’s economy is recovering moderately. → The Bank will continue raising rates
Oracle (ORCL) shares surge 24% in a week, hitting an all-time high | Market Pulse
Last week, Oracle (ORCL) shares: → rose by approximately 24% — marking the strongest weekly gain since 2001; → broke through the psychological level of $200 per share; → reached an all-time high, with Friday’s session closing above $215. It is possible that a new record may be set this week. What’s
Tesla (TSLA) Shares Rebound After Sharp Drop | Market Pulse
When analysing the Tesla (TSLA) stock price chart six days ago, on the morning of 5 June, we: → highlighted Elon Musk’s critical comments regarding the spending bill promoted by the US President; → noted that a potential rift between Musk and Trump could have long-term implications, including for TSLA shares;
XBR/USD Chart Analysis: Brent Crude Reaches 1.5-Month High | Market Pulse
In our analysis of Brent crude oil six days ago, we identified a large contracting triangle and a local ascending channel. We also outlined a potential scenario involving a bullish breakout above the upper boundary of the triangle. Although this was not the base-case scenario, the XBR/USD chart now
FTSE 100 Surges Towards Record High | Market Pulse
Today saw the release of new data on the UK labour market. According to official statistics, the number of payrolled employees in the UK fell by 55,000 (0.2%) between March and April 2025. Over the broader period from February to April 2025, the number declined by 78,000
Apple (AAPL) Shares Consolidate Ahead of WWDC | Market Pulse
Today, 9 June, marks the start of Apple’s Worldwide Developers Conference (WWDC) — an event that traditionally attracts significant attention from investors and traders. It is fair to say that WWDC 2025 begins against a rather negative backdrop: → Since the start of 2025, AAPL stock price has fallen by 19%
Tesla (TSLA) Share Price Falls by 3.5% | Market Pulse
Yesterday, the share price of Tesla (TSLA) dropped by 3.5%, placing it among the five worst-performing stocks of the day in the S&P 500 index (US SPX 500 mini on FXOpen). Since the peak on 29 May, the decline now totals nearly 10%. Why Tesla (TSLA) Shares Are
USD/JPY Analysis: Bears Put Pressure on Key Support | Market Pulse
As shown on the USD/JPY chart, the pair is hovering near key support at ¥142.50 per US dollar. While demand was strong enough at the end of May to lift the exchange rate from this level to a peak around ¥146.00, USD/JPY has once again retreated
USD/CAD Holds Near 2025 Low | Market Pulse
As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial. These fluctuations reflect market participants’ cautious sentiment ahead of key announcements scheduled for today,
Major Currency Pairs Consolidate Ahead of Key Economic Data Releases | Market Pulse
The GBP/USD and USD/CAD currency pairs are showing sideways movement as markets await the release of critical macroeconomic statistics. Traders are taking a wait-and-see approach, assessing upcoming data from the US, UK, and Canada. A significant amount of attention is focused on US data. Today, ADP employment figures
XBR/USD Chart Analysis: Oil Price Rises to Key Resistance | Market Pulse
Yesterday, the price of Brent crude climbed above $65.60 — the highest level in over a week. According to media reports, several bullish factors are driving this move: → Stalled negotiations between the US and Iran over abandoning Iran’s nuclear programme in exchange for lifting oil export sanctions; → Wildfires in
EUR/USD Rises to 4-Week High | Market Pulse
As shown on the EUR/USD chart today, the euro rose to a 4-week high against the US dollar this morning. The euro's strength relative to the US dollar is supported by traders’ expectations ahead of the ECB's interest rate decision, scheduled for Thursday at 15:15 GMT+3. This
Musk Steps Away from Politics: What Does It Mean for Tesla (TSLA) Stock? | Market Pulse
Yesterday, it was announced that Elon Musk will be stepping down from the Trump administration as his term as head of DOGE—where he focused on reducing government spending—has come to an end. This decision follows his statement at the economic forum in Qatar, where Musk said he plans
GBP/USD Analysis: Price Searching for Support | Market Pulse
In the second half of May, the British pound showed notable strength: from its 12 May low, GBP/USD climbed to a peak on 26 May — marking its highest level in over three years. Demand for the pound has been driven by several factors: → A surge in inflation. CPI data
DELL Stock Price Analysis Ahead of Earnings Release | Market Pulse
In addition to Nvidia’s (NVDA) quarterly report, this week financial market participants are also closely watching Dell Technologies’ (DELL) earnings release, scheduled for Thursday, 29 May, after the close of the trading session. According to analysts cited by the media: → the company’s revenue is expected to come in
Commodity Currencies Retreat from Highs Ahead of Fed Minutes Release | Market Pulse
The AUD/USD and NZD/USD currency pairs are experiencing a corrective pullback after reaching medium-term highs earlier this week. This movement comes amid a broader reassessment of risk in anticipation of the release of the minutes from the latest Federal Reserve meeting. Investors and market participants are trimming positions
What’s Happening with Nvidia (NVDA) Ahead of Earnings? | Market Pulse
After an extended weekend due to Veterans Day in the US (observed on Monday), financial markets are returning to active trading. The highlight of the week will be Nvidia’s (NVDA) earnings report, scheduled for Wednesday after the close of the main trading session. What You Need to Know Ahead
Analysing the Volatility Spike on the USD/JPY Chart | Market Pulse
The USD/JPY chart offers plenty of noteworthy insights for analysis: → A one-month low was recorded today (marked by the arrow); → This was followed by a sharp upward reversal, with a series of large bullish candlesticks forming on the intraday chart. Why Is USD/JPY Moving Sharply Today? The primary
DAX Stock Index Rises Over 20% Year-to-Date | Market Pulse
The German DAX 40 index (Germany 40 mini on FXOpen) is showing significantly stronger performance than other major global stock indices as of the end of May. For comparison, since the beginning of 2025: → The tech-heavy Nasdaq 100 has remained largely flat; → The S&P 500 is down by 1%
USD/CAD Rate Drops Towards Yearly Lows | Market Pulse
The USD/CAD chart is currently showing clear signs of a bearish trend, characterised by a sequence of lower highs and lower lows (A→B→C→D→E→F→G). This week’s decline suggests the downward structure may continue to develop, putting the current yearly low around the 1.
Palantir Technologies (PLTR) Shares Pull Back from Another High | Market Pulse
Shares in Palantir Technologies (PLTR), a company specialising in big data analytics software, have seen phenomenal growth in 2024, surging by approximately 340%, making it the top performer in the S&P 500 (US SPX 500 mini on FXOpen). This exceptional performance was driven by booming demand for artificial intelligence
Apple (AAPL) share price slips towards psychological $200 level | Market Pulse
Yesterday, Apple shares (AAPL) fell by 2.5%, edging closer to the key psychological threshold of $200. Moreover, the stock is underperforming the broader market, which reached new highs earlier this week — a move AAPL has yet to replicate. Why is AAPL’s stock price declining? According to media reports,
The US Dollar May Revisit Year-to-Date Lows | Market Pulse
Currency pairs such as USD/CAD and USD/JPY continue to trend lower, approaching their year-to-date lows. The decline in the dollar is largely driven by growing investor concerns over the fiscal sustainability of the United States and uncertainty surrounding trade relations with key partners. Last week, Moody’s downgraded
Bitcoin Hits All-Time High, Surges Above $110K | Market Pulse
As shown on the BTC/USD chart, the Bitcoin price has broken above the $110K mark, setting a new all-time high around $111,800. This move highlights the strength of the leading cryptocurrency, which has surged nearly 50% in just over one and a half months, rising from a low