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FXOpen Forex Blog | Forex trading, cryptocurrency trading - Cryptocurrency
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Tesla (TSLA) Stock Underperforms the Broader Market | Market Pulse
Analysing Tesla (TSLA) stock chart on 12th December, we: → Identified an ascending channel, with the November price consolidation around $350 (marked by a thick blue line) potentially indicating the median line of the long-term ascending channel (highlighted in blue). → Mentioned that TSLA stock price could move toward the upper boundary
GBP/USD Analysis: Pair Recovers from 7-Month Low | Market Pulse
The GBP/USD pair dropped below the psychological level of 1.25 today, a level last seen in early May. Over the past two days, the pair has declined by more than 1.5%, driven by central bank decisions. On one hand, the US dollar strengthened after the Federal Reserve
Micron Technology (MU) Stock Drops 16% | Market Pulse
On Wednesday, Micron Technology released its quarterly earnings report after the main trading session closed. The results aligned closely with analysts' expectations: earnings per share came in at $1.79, slightly above the forecast of $1.76, while revenue met projections at $8.71 billion. Despite meeting estimates, the chipmaker
USD/JPY Rises to a Nearly 5-Month High | Market Pulse
According to the USD/JPY chart today, the US dollar has climbed to 157 yen. This movement was driven by monetary policies of both countries' central banks. The Federal Reserve took a hawkish stance, with Chair Jerome Powell suggesting the possibility of fewer rate cuts in 2025 than earlier expected.
Amazon (AMZN) Stock Price Surpassed $230 for the First Time | Market Pulse
On 12th November, while analysing Amazon (AMZN) stock chart, we: → drew two ascending channels (a long-term one marked in blue and a steeper one represented by black lines); → anticipated a test of the $200 level as part of a correction. According to the AMZN chart, since then: → the price corrected
Forex Traders Await the Fed's Decision | Market Pulse
The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.
European Currencies Consolidate Near Key Extremes of the Year | Market Pulse
There are only two full trading weeks left until the end of the year and just over a month until the inauguration of the 47th President of the United States. At the moment, the market is seeing flat trading in most currency pairs. However, since many macroeconomic news releases are
Nvidia (NVDA) Stock Price Falls to a Two-Month Low | Market Pulse
While the Nasdaq 100 index (US Tech 100 mini on FXOpen) climbed to an all-time high, Nvidia's (NVDA) stock price dropped below $131 during yesterday's trading session for the first time since mid-October. This bearish behaviour suggests a weakening of Nvidia's leading position. What is the reason? A key driver
Nasdaq 100 Reaches Record High | Market Pulse
On 29th October, analysing the Nasdaq 100 (US Tech 100 mini on FXOpen) chart, we: → Drew a blue upward channel relevant for 2024. → Noted that the price was in a consolidation phase (indicated by narrowing purple lines) at the channel's median, suggesting a potential balance of supply and demand forces.
Bitcoin Hits a Record High, Surging Above $106,000 | Market Pulse
Analysing Bitcoin price on 6th December, we: → noted that more likely Trump’s victory in the presidential election and his plans to create a strategic reserve dedicated to Bitcoin were the primary drivers of BTC/USD’s growth in November. → Identified two ascending channels (highlighted in blue and orange) that
Broadcom Inc. (AVGO) Stock Soars Nearly 20% | Market Pulse
The chart shows that at the end of last week, Broadcom Inc. (AVGO) stock price surged nearly 20%, breaking the psychological barrier of $200 per share and pushing the company’s market capitalisation to $1 trillion. Last week, the company released its quarterly earnings report. The actual figures were close
Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Outlook | Market Pulse
As we approach the close of 2024, it’s time to reflect on results and think of potential opportunities for the year ahead. Join Gary Thomson, the COO of FXOpen UK, as he sums up the key market trends that shaped 2024 and provides insights on what to expect in
Weekly Market Wrap With Gary Thomson: DAX 40, Yen, Natural Gas, Apple stocks | Market Pulse
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: * DAX 40 Index Closes Above 20,000 for the First Time * Yen Strengthens on