Market Analysis: NZD/USD Slips
NZD/USD is struggling and might decline below the 0.5980 level.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is consolidating above the 0.5980 support.
- There is a connecting bearish trend line forming with resistance at 0.6010 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the...
Market Analysis: AUD/USD Attempts Fresh Climb
AUD/USD is attempting a fresh increase from the 0.6485 support.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support at 0.6485 and recovered against the US Dollar.
- There is a key bearish trend line forming with resistance at 0.6535 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
Australian Dollar Strengthens Following RBA Decision
Today, the AUD/USD pair experienced a spike in volatility. According to ForexFactory, analysts had forecast that the Reserve Bank of Australia (RBA) would cut interest rates from 3.85% to 3.60%. However, the market was caught off guard as the central bank opted to keep rates unchanged.
The RBA stated the...
Tesla (TSLA) Leads Declines in the Equity Market
Yesterday, President Trump announced that letters had been sent to the United States’ trading partners regarding the imposition of new tariffs — for instance, a 25% tariff on goods from Japan and South Korea. This marks a return to “trade diplomacy” under the America First strategy. The tariffs are scheduled to...
Navigating the Complexities of Forex Swap Rates
Forex swap rates, pivotal in currency trading, reflect the cost of holding a position overnight. This article unpacks swaps, offering clarity on their calculation and impact. Even seasoned traders may be confused with the complexity of swaps. It’s vital to learn about how these costs relate to effective strategy...
Market Insights: RBA Cut in Focus, UK GDP Weakens, Canada Jobs, FOMC Clues, Tariff Deadline
From rate decisions to rising unemployment and tariff deadlines, this week’s macro landscape is shaped by evolving dynamics and shifting momentum. If you’re trading FX, commodities, or indices — this is a moment to pay close attention.
In this episode of Market Insights,...
Nasdaq 100: Bearish Signals Near the All-Time High
As the 4-hour chart of the Nasdaq 100 (US Tech 100 mini on FXOpen) shows, the index reached a new all-time high last week. However, the price action suggests that the current pace of growth may not last.
Last week’s strong labour market data triggered a significant bullish impulse. However, the upward momentum...
EUR/USD Analysis: US Dollar Strengthens at the Start of the Week
On 2 July, on the EUR/USD chart, we noted that the rally—during which the pair had gained more than 6% since mid-May—was under threat, citing several technical signals, including:
→ proximity of the price to the upper boundary of the ascending channel;
→ overbought conditions on the RSI...
Market Analysis: EUR/GBP Accelerates Higher
EUR/GBP is rising and might climb above the 0.8670 resistance.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is gaining pace and trading above the 0.8600 zone.
- There was a break above a contracting triangle with resistance at 0.8630 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On...
Market Analysis: GBP/USD Dips
GBP/USD failed to climb above 1.3800 and corrected some gains.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below the 1.3700 support against the US dollar.
- There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD...
Alibaba (BABA) Shares Fall to Lowest Level in 2.5 Months
Yesterday, Alibaba (BABA) shares dropped to their lowest level since late April. The decline followed the company’s announcement of a planned bond issuance totalling approximately $1.53 billion, with a maturity date set for 2032. The funds will be used to support the development of Alibaba's cloud...
S&P 500 Hit Record High Ahead of Holiday Break
Today, financial markets in the United States are closed in observance of Independence Day. Investor sentiment was likely buoyed by the latest rally in the S&P 500 index (US SPX 500 mini on FXOpen), which set a new all-time high yesterday, surpassing 6,280.
The bullish momentum has been driven by robust labour...
USD/CHF Slips Lower
USD/CHF declined and now struggling below the 0.8000 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF declined below the 0.8000 and 0.7950 support levels.
- There is a key bearish trend line forming with resistance near 0.7920 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of...
EUR/USD Rallies on Broad Dollar Weakness
EUR/USD started a fresh increase above the 1.1750 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a decent increase from the 1.1600 zone against the US Dollar.
- There is a connecting bullish trend line forming with support near 1.1770 on the hourly chart of EUR/USD at FXOpen.
EUR/USD...
Direct Access Trading Systems
Direct access trading systems (DATS) offer traders a direct line to financial markets. By bypassing traditional brokerage routes, DATS enable swift, precise trading, essential for strategies reliant on speed and accuracy. This FXOpen article delves into the workings, benefits, and considerations of DATS, providing valuable insights...
Renewed Feud Between Musk and Trump Drags Tesla (TSLA) Share Price Lower
The US Senate yesterday narrowly approved Trump’s so-called “big, beautiful budget bill.”
Elon Musk, who had previously criticised the bill for potentially adding $3.3 trillion to the national debt, warned that Republican lawmakers who supported it would face political consequences. In a...
EUR/USD Analysis: Rally May Be Under Threat
The euro has appreciated by approximately 15% against the US dollar this year, as confidence in the United States continues to wane. As ECB Chief Economist Philip Lane noted in an interview at CNBC: “There is a degree of reorientation by global investors towards the euro.”
At the same time, officials at the European...
USD/CHF Exchange Rate Falls to Multi-Year Low
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 dollar index has fallen to its lowest level in over three years,...
