Resolve Posted December 10 Author Share Posted December 10 Weekend Trading: What and How to Trade on Weekends? Weekend trading allows traders to capitalise on markets outside regular hours. While stocks and forex generally take a break, cryptocurrencies remain active around the clock, providing opportunities for those interested in trading on Saturdays and Sundays. This article covers the essentials of weekend trading, including strategies, tools, and key risks. Understanding Weekend Trading For anyone wondering “Can you day trade on the weekends?”, the answer is yes. Weekend trading has seen rising interest in recent years, largely driven by the cryptocurrency market, which operates 24/7. While over the weekend, stock markets and forex trading are paused, crypto never takes a break, allowing traders to continue analysing and placing trades. This continuous market access appeals to a growing base of traders looking to make the most of the quiet period when there’s generally less news and fewer participants. However, while weekend trading provides extra opportunities, it also presents unique challenges, primarily because it lacks the usual activity and volume seen during weekdays. Weekend trading differs significantly from weekday trading, regarding market liquidity and price behaviour. Lower liquidity is a common factor in weekend markets, meaning fewer participants are actively trading. This can result in wider bid-ask spreads and greater price slippage, especially in volatile assets like cryptocurrencies. TO VIEW THE FULL ARTICLE, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors. Link to comment Share on other sites More sharing options...
Resolve Posted December 10 Author Share Posted December 10 Nvidia (NVDA) Stock Drops Amid Investigation in China On 21 November, our analysis of Nvidia (NVDA) stock price revealed: → The continuation of a long-term upward channel (illustrated in blue). → The significance of resistance at the psychological level of $150. Since then, NVDA’s stock price has failed to surpass the highlighted resistance level, despite stock indices reaching record highs, indicating Nvidia's relative underperformance compared to the broader market. It seems the AI-driven rally may be losing steam. Investor concerns were heightened yesterday by news that China has launched an antitrust investigation into Nvidia, suspecting the company of violating the country’s competition laws. In response, Nvidia stated that it complies with its obligations wherever it operates and is ready to cooperate with regulators. Following this announcement, NVDA’s stock price experienced a modest decline, further reinforcing a bearish outlook. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 10 Author Share Posted December 10 HSI Index Falls Amid Disappointing Chinese Economic Data On Tuesday, Hong Kong's HSI index (traded as Hong Kong 50 on FXOpen) declined, erasing gains from the previous session due to worsening market sentiment following the release of disappointing Chinese economic data for November. As reported by the media: → China's export growth slowed to 6.7% year-on-year, falling short of the forecasted 8.5%, according to a Reuters survey. This marks a significant deceleration compared to the 12.7% growth recorded in October. → Additionally, Chinese imports contracted, decreasing by 3.9% year-on-year in November, further deteriorating from the 2.3% decline seen in the previous month. These figures have heightened concerns about the state of China’s economy, with consumer demand remaining weak amid the potential for tariff increases under the Trump administration. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 11 Author Share Posted December 11 Master Short-term Trading in Stock, Forex, and Crypto Markets Short-term trading is a fast-paced approach that demands skill, strategy, and quick decision-making to capitalise on small price moves in financial markets like stocks, forex, and crypto. This article dives into advanced techniques, adaptive strategies, and psychological discipline needed to improve your trading edge. Choosing the Right Market and Asset for Short-Term Trading Short-term trading isn’t just about finding an opportunity; it’s about picking the right market and asset that aligns with your strategy, risk tolerance, and trading style. Different assets and markets move in unique ways, and understanding their traits can sharpen your trading decisions and improve your ability to identify favourable setups. Stocks When short-term trading stocks, movements often hinge on company-specific events like earnings reports, product launches, or even management changes. Ideal stocks for short-term trading typically include those in technology or high-growth sectors, which tend to show greater volatility and liquidity. However, specific stock trading hours limit opportunities (with after-hours trading often seeing lower volume), which can reduce flexibility compared to 24-hour markets like forex or crypto. TO VIEW THE FULL ARTICLE, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors. Link to comment Share on other sites More sharing options...
Resolve Posted December 11 Author Share Posted December 11 Market Analysis: EUR/USD Faces Resistance While USD/CHF Builds Momentum EUR/USD extended losses and traded below the 1.0550 support. USD/CHF is rising and might aim for a move toward the 0.8880 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at 1.0545 on the hourly chart of EUR/USD at FXOpen. USD/CHF is showing positive signs above the 0.8800 resistance zone. There was a break above a major bearish trend line with resistance at 0.8785 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0635 resistance. The Euro started a fresh decline below the 1.0550 support against the US Dollar, as mentioned in the previous analysis. The pair declined below the 1.0520 support and the 50-hour simple moving average. Finally, the pair tested the 1.0500 level. A low was formed at 1.0498 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 11 Author Share Posted December 11 Alphabet Inc. (GOOGL) Shares Rise Over 5% in a Single Day As the chart indicates, during yesterday’s trading session, shares of Alphabet Inc. (GOOGL), Google’s parent company, climbed to their highest level since July. This surge was driven by market participants' reaction to the company unveiling Willow, a quantum computing chip. According to Google, this chip can perform in less than five minutes computations that would take some of today’s fastest supercomputers 10 septillion years. “We see Willow as a significant step on our journey towards building a practical quantum computer with real-world applications in areas such as drug discovery, nuclear fusion, battery design, and more,” Google CEO Sundar Pichai stated on X (formerly Twitter) on Monday. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 11 Author Share Posted December 11 USD/CAD Exchange Rate at a 56-Month High As evidenced by the USD/CAD chart, yesterday the rate climbed above 1.4190 – a level not seen since April 2023, when the world was gripped by panic over the spread of the coronavirus. Today, the weakness of the Canadian dollar relative to the USD is being influenced by a rich fundamental backdrop. As reported by the media: → Formerly elected President Donald Trump has previously stated that he would impose a 25% tariff on all goods from Mexico and Canada as soon as he takes office on 20 January, joking that Canada should become the 51st state. Yesterday, Trump posted on social media that he looks forward to meeting with Canadian Prime Minister Trudeau again to "continue our in-depth discussions on tariffs and trade." → At 17:45 GMT+3 today, the Bank of Canada will announce its decision. It is expected to cut its interest rate by 50 basis points to 3.25% and likely signal that further rate cuts are possible in light of the sharp rise in unemployment levels. → At 16:30 GMT+3 today, the Consumer Price Index (CPI) data will be released. It is expected that US inflation will remain unchanged. As a result, heightened volatility is highly likely today, which could significantly affect the nature of the current upward trend. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 12 Author Share Posted December 12 Advanced Charting Techniques for Forex Trading In forex trading, understanding chart and candlestick patterns can help analyse the market direction and guide entries. These setups, formed by specific price action movements, offer traders vital clues about market trends and potential reversals. This article delves into several advanced formations, each signalling unique market sentiments and potential shifts in trend direction. Understanding Chart and Candlestick Patterns in Trading Understanding chart patterns and how to trade them is a key skill for forex traders. Chart patterns, which are formations created by the price movements on a chart, serve as visual indicators of market trends and potential reversals. VIEW FULL ARTICLE VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors. Link to comment Share on other sites More sharing options...
Resolve Posted December 12 Author Share Posted December 12 Commodity Currencies Adjust Following US Inflation Data The release of US inflation data has led to a downward pullback for the USD in pairs such as USD/CAD, NZD/USD, and AUD/USD. Currently, these pairs are trading near key levels, with rebounds from these points potentially driving increased volatility and shifts in medium-term trends. AUD/USD This week, the AUD/USD pair hit new yearly lows near 0.6350. The price stopped just short of 0.6320 before correcting to 0.6400. If the upward correction continues, the pair may test resistance at 0.6470–0.6450. Price action around these levels could provide further direction for the pair. A break and hold above 0.6500 may pave the way for gains toward 0.6620–0.6570. Conversely, a rebound from 0.6470–0.6450 could trigger a new bearish impulse, possibly leading to fresh lows. Key events likely to influence AUD/USD pricing: → Today at 16:30 (GMT+3): Weekly US Initial Jobless Claims data release. → Today at 16:30 (GMT+3): US Producer Price Index (PPI) publication. → Tomorrow at 05:00 (GMT+3): Release of the Thomson Reuters/Ipsos Primary Consumer Sentiment Index (PCSI) for Australia in December. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 12 Author Share Posted December 12 Tesla (TSLA) Shares Surge to a New All-Time High The chart for Tesla (TSLA) shares reveals: → At the beginning of December, the price was around $350; → Yesterday, the trading session closed above $420, surpassing the previous all-time high near $410 set in 2021. The primary driver of this bullish sentiment appears to be the partnership between Elon Musk and Donald Trump. Since the 5 November election, Tesla shares have broken through a key resistance level near $265, rising approximately 69% and adding around $555 billion to the company’s market value. Additional positive factors include: → Investor expectations that Tesla’s planned affordable new model could become a bestseller in 2025; → The company’s plans to launch self-driving taxis and other innovations. Can the Bullish Momentum Persist? According to Barron’s, Tesla shares might be overvalued from a fundamental perspective. Currently, TSLA trades at roughly 125 times the expected earnings for 2025, a ratio reminiscent of the previous peak when the stock dropped by about 50% in 2022. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 12 Author Share Posted December 12 Gold Price Hits Monthly High The XAU/USD chart shows: → A notable peak in November near the $2716 level (indicated by the first arrow); → Yesterday, gold surpassed this peak, reaching a new one-month high. Factors Supporting Bullish Sentiment → Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a Federal Reserve interest rate cut in December, enhancing the appeal of non-yielding assets like gold. → Geopolitical tensions in Eastern Europe and the Middle East, along with uncertainty surrounding the policy direction and tariff plans of newly elected US President Donald Trump, are contributing to gold’s safe-haven appeal. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 13 Author Share Posted December 13 Quantitative Trading Models in Forex: A Deep Dive Quantitative trading in forex harnesses advanced algorithms and statistical models to decode market dynamics, offering traders a sophisticated approach to currency trading. This article delves into the various quantitative trading models, their implementation, and their challenges, providing insights for traders looking to navigate the forex market with a data-driven approach. Understanding Quantitative Trading in Forex Quantitative trading, also known as quant trading, in the forex market involves using sophisticated quantitative trading systems that leverage complex mathematical and statistical methods to analyse market data and execute trades. These systems are designed to identify patterns, trends, and potential opportunities in currency movements that might be invisible to the naked eye. At the heart of these systems are quantitative trading strategies and models, which are algorithmic procedures developed to determine market behaviour and make informed decisions. These strategies incorporate a variety of approaches, from historical data analysis to predictive modelling, which should ensure a comprehensive assessment of market dynamics. Notably, in quantitative trading, Python and similar data-oriented programming languages are often used to build models. VIEW FULL ARTICLE VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors. Link to comment Share on other sites More sharing options...
Resolve Posted December 13 Author Share Posted December 13 Euro Drops After ECB Rate Cut, Pound Consolidates Near 1.2600 EUR/USD Euro buyers were unable to overcome resistance at 1.0620–1.0600. Following a sharp decline in November, the pair attempted a recovery and made several attempts to hold above 1.0600, but so far, all efforts have failed. Yesterday, the European Central Bank (ECB) meeting delivered a widely anticipated 25-basis-point cut to the base rate, lowering it from 3.25% to 3.00%. In response, EUR/USD saw a sharp decline, breaking below key support at 1.0500. Technical analysis of EUR/USD suggests the possibility of a further bearish impulse if the price breaks the recent low near 1.0340. The downward scenario would be invalidated if the pair manages to secure a strong close above 1.0620. Key events for EUR/USD pricing today: → 10:00 (GMT+3): German trade balance data. → 11:00 (GMT+3): Harmonised Consumer Price Index (HICP) for Spain. → 13:00 (GMT+3): Eurozone industrial production data for December. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 13 Author Share Posted December 13 Adobe (ADBE) Shares Plunge Over 13% On Wednesday evening, Adobe Inc. (ADBE) released its quarterly financial results: → Earnings per share: Actual = $4.81, Expected = $4.66; → Revenue: Actual = $5.61 billion, Expected = $5.54 billion. Despite exceeding analyst expectations and showing growth compared to the previous quarter, Adobe’s stock opened Thursday with a bearish gap and continued to decline throughout the session, closing more than 13% lower than Wednesday’s close. The sell-off was driven by Adobe’s disappointing 2025 forecast, projecting slower-than-expected revenue and earnings per share growth. According to Yahoo Finance, this stems from increasing competition (from Google, OpenAI, and others) and concerns over monetising AI tools, which have already contributed to a 20% drop in Adobe’s stock this year. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 13 Author Share Posted December 13 GBP/USD Declines Following UK GDP Data Release Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a more rapid interest rate cut by the Bank of England in 2025; → Undermine the target announced last week by Prime Minister Keir Starmer to make the UK the fastest-growing economy among G7 nations. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Resolve Posted December 13 Author Share Posted December 13 Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Outlook Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Outlook 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 2025. Inflation and Interest Rates Forex Market Trends Commodity Markets Stock Market Highlights 2025 Outlook Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions. FXOpen YouTube #marketwrap #marketanalysis #forexmarketanalysis #stockmarketanalysis Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors. #fxopen #fxopenyoutube #fxopenint #weeklyvideo Link to comment Share on other sites More sharing options...
Resolve Posted Monday at 07:34 AM Author Share Posted Monday at 07:34 AM Trading Forex vs Stock CFDs: Differences and Advantages Forex and stock markets are two of the most popular options for traders, each offering unique opportunities and challenges. While forex focuses on trading global currency pairs, stocks involve buying and selling shares of companies. Understanding their differences—from market size and liquidity to trading costs and risk—can help traders choose the market that best suits their strategy. Let’s break down the key differences between forex and stocks. What Is Forex Trading vs Stock Trading? Let us start with some general information that you may already know. The forex market revolves around trading currency pairs, such as EUR/USD, and operates globally, making it the largest financial market with a daily turnover exceeding $7.5 trillion (April 2022). It’s decentralised, meaning transactions occur directly between participants across time zones, with no single central exchange. In contrast, the stock market involves buying and selling shares of publicly listed companies, like Tesla or Nvidia, through centralised exchanges such as the NYSE or LSE. Trading hours are fixed and tied to each exchange’s location, creating more defined trading windows. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors. Link to comment Share on other sites More sharing options...
Resolve Posted Monday at 07:45 AM Author Share Posted Monday at 07:45 AM Market Analysis: GBP/USD Faces Trouble, USD/CAD Builds on Gains GBP/USD started a fresh decline below the 1.2720 zone. USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started another decline from the 1.2800 resistance zone. There is a short-term declining channel forming with resistance at 1.2650 on the hourly chart of GBP/USD at FXOpen. USD/CAD is showing positive signs above the 1.4200 support zone. There is a contracting triangle forming with resistance at 1.4245 on the hourly chart at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.2840 resistance zone. The British Pound started a fresh decline and traded below the 1.2750 support zone against the US Dollar, as discussed in the previous analysis. The pair even traded below 1.2650 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2610 level. A low was formed at 1.2608 and the pair is now consolidating losses. Immediate resistance on the upside is near a short-term declining channel at 1.2650. It is close to the 23.6% Fib retracement level of the downward move from the 1.2787 swing high to the 1.2608 low. The first major resistance is near the 1.2674 zone. The main hurdle sits at 1.2720 and the 61.8% Fib retracement level of the downward move from the 1.2787 swing high to the 1.2608 low. A close above the 1.2720 resistance might spark a steady upward move. The next major resistance is near the 1.2785 zone. Any more gains could lead the pair toward the 1.2850 resistance in the near term. Initial support on the GBP/USD chart sits at 1.2610. The next major support sits at 1.2585, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2520. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
Otasowie24 Posted Monday at 10:08 AM Share Posted Monday at 10:08 AM On 12/9/2020 at 7:15 AM, Resolve said: EUR/USD Is Showing Bullish Signs, USD/JPY Could Resume Decline EUR/USD gained bullish momentum above the 1.2000 and 1.2080 resistance levels. USD/JPY is currently recovering, but it might decline again if it fails to clear 104.30. Important Takeaways for EUR/USD and USD/JPY The Euro started a strong upward move above the 1.2000 and 1.2100 levels. There is a major contracting triangle forming with resistance near 1.2120 on the hourly chart of EUR/USD. USD/JPY is correcting higher and trading above the 104.00 support level. There is a major bullish trend line forming with support near 104.10 on the hourly chart. EUR/USD Technical Analysis This past week, the Euro started a strong upward move above the 1.2000 resistance against the US Dollar. The EUR/USD pair broke many hurdles near 1.2050 and 1.2080 to move into a positive zone. The pair even broke the 1.2150 resistance and settled above the 50 hourly simple moving average. It traded as high as 1.2177 on FXOpen before starting a downside correction. There was a break below the 1.2100 level, but the pair remained well bid near the 1.2080 zone. The recent low was formed near 1.2095 and the pair is currently rising. There was a break above the 1.2110 resistance levels. The pair also climbed above the 23.6% Fib retracement level of the recent decline from the 1.2166 high to 1.2095 low. There is a major contracting triangle forming with resistance near 1.2120 on the hourly chart of EUR/USD. The pair is currently attempting upside above 1.2120. The next key resistance is near the 1.2130 level. It is close to the 50% Fib retracement level of the recent decline from the 1.2166 high to 1.2095 low. A clear break above 1.2125 and 1.2130 could open the doors for more gains. The next major resistance is near the 1.2170 and 1.2180 levels. Conversely, the pair could start a fresh decline below the 1.2100 support. The main support is near the 1.2080 zone, below which the EUR/USD pair could slide towards the 1.2025 and 1.2000 support levels in the near term. USD/JPY Technical Analysis The US Dollar faced a strong resistance near the 104.30 and it started a fresh decline against the Japanese Yen. The USD/JPY pair broke the 104.00 support level, but dips were limited. A low was formed near 103.92 and the pair started a decent recovery wave. There was a break above the 104.05 and 104.10 levels. The pair climbed above the 50% Fib retracement level of the downward move from the 104.31 high to 103.92 low. The pair is now trading above the 104.10 level and the 50 hourly simple moving average. An initial resistance is near the 104.16 level. It is close to the 61.8% Fib retracement level of the downward move from the 104.31 high to 103.92 low. The first major resistance is near the 104.30 level. A clear break above the 104.30 zone is needed to start a steady rise towards the 104.55 and 104.80 levels. On the downside, the 104.00 level is a strong support. There is also a major bullish trend line forming with support near 104.10 on the hourly chart. If there is a downside break below the trend line support, the pair could dive towards the 103.80 level. Any further losses may lead the USD/JPY pair towards the 103.50 support zone. The next major support is near the 103.00 level. FXOpen Blog There are many important news on EUR this week. I am expecting a volatile EUR Link to comment Share on other sites More sharing options...
Resolve Posted Monday at 11:20 AM Author Share Posted Monday at 11:20 AM Market Year Wrap 2024: Key Highlights and Outlook for 2025 The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic environment where some markets flourished while others struggled under significant pressure. From central bank interventions to geopolitical developments and technological advancements, every corner of the financial world experienced notable activity. In this article, we will take a detailed look at the major trends and events shaping the global economy in 2024 and provide insights into what lies ahead in 2025. Inflation and Interest Rates: A Balancing Act In 2024, inflation showed signs of moderation globally. In the United States, it stabilised around 2.7%, marking a notable shift that bolstered market confidence and set a cautiously optimistic tone for the broader economy. Throughout the year, rate cuts dominated monetary policy discussions. Following the unprecedented rate hikes implemented in response to the COVID-19 pandemic, major central banks began scaling back rates. However, they had to walk a tightrope between a complex landscape of lower but still stubborn inflation and resilient labour markets and the necessity for monetary easing. The magnitude and pace of these cuts varied significantly, reflecting differences in economic conditions across regions and creating complex relationships in the forex market. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Link to comment Share on other sites More sharing options...
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