DOGE Price Increases by 170% in Less Than 2 Months
On February 1, 2024, the DOGE/USD rate was = 0.0783. On the last Friday of March, it rose to 0.2150. The rising price means Dogecoin is now the eighth-largest cryptocurrency in the world by market capitalization, overtaking Cardano (ADA) and...
Market Analysis: Gold Price and Crude Oil Price Gain Bullish Momentum
Gold price started a steady increase above the $2,200 resistance level. Crude oil prices are gaining bullish momentum and might rise toward $85.00.
Important Takeaways for Gold and Oil Prices Analysis Today
Gold price...
Commodities and European currencies Test Key Supports
On the eve of the Easter holidays, the main currency pairs have slightly slowed down the development of the main trends and are consolidating near key ranges, the breakdown of which could provoke a change in the vectors of medium-term...
Stock Market Analysis: NVDA Losing Leadership?
Since the start of the week, the S&P-500 Index (US500) is up about 0.58% while NVDA's share price is down about 3.8%. This is a worrying sign for Nvidia stock investors — could it be a sign that NVDA is no longer the market leader?
Dubravko...
EUR/USD Analysis: The Price Today Has Set Its Minimum Since the Beginning of March
As the EUR/USD chart shows at the start of the European session today, the exchange rate has dropped below EUR 1.08 per US dollar.
Tuesday's news contributed to this. According to Nasdaq.com, on March 26, 2024...
NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels
On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by:
→ Weak yen supporting exporters. It increases the value of...
Market Analysis: GBP/USD Dives While USD/CAD Gains Bullish Pace
GBP/USD declined below the 1.2665 support zone. USD/CAD is rising and might aim for more gains above the 1.3610 resistance.
Important Takeaways for GBP/USD and USD/CAD Analysis Today
The British Pound started a fresh decline...
The US Currency Corrects after Recent Growth
The incoming fundamental data of the past five-day period contributed to the strengthening of the American currency in almost all major pairs. Thus, the pound/US dollar currency pair lost more than 200 pp over several trading sessions, the euro/US...
The Spacs Are Back! NASDAQ on A High as Trump's Social Media Co Goes Public
It seems as though the sensationalism that surrounded the controversial SPAC listings, which suddenly found their way onto the technology-friendly NASDAQ exchange in 2021, was a long time ago.
Back at the beginning of...
USD/JPY Price Analysis: Consolidation ahead of US News
This morning, news about inflation in Japan was published. It did not bring any surprises — inflation in Japan is gradually weakening as expected. Core CPI in annual terms: actual = 2.3%, forecast = 2.5%, a month ago = 2.6%, a year ago =...
Big in Japan: Several Years of Failed Stimulus Ends, But Stocks Go Up!
Japan's notoriously conservative approach to business practices combined with a world renowned reputation for engineering excellence has been a winning combination for the island nation for over 60 years.
A relatively...
Bitcoin Price Recovered over the Weekend, But Market Anxiety Remains
From the point of view of technical analysis of BTC/USD, on Friday evening the price of Bitcoin was near the lower boundary of the ascending channel (shown in blue). This was alarming as it indicated that the market action...
Watch FXOpen's 18 - 22 March Weekly Market Wrap Video
Weekly Market Wrap With Gary Thomson: S&P500, USD, SNB, TSLA
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...
GBP/USD Price Falls to 1.26 after Bank of England Decision
Yesterday, the GBP/USD market experienced a day of intense volatility due to a number of news items. According to Trading Economics:
→ UK retail sales were flat last month after a strong rise of 3.6% in January, contrasting with...
AAPL Share Price Falls More Than 4% after Antitrust Lawsuit
Yesterday, the Department of Justice filed an antitrust lawsuit against Apple, alleging that the company has established a monopoly with the iPhone, which has harmed consumers, developers and competitors.
“Each step in Apple's course...