#MarketNews
ABNORMAL BALANCE IN ENERGY MARKETS
The cost of an oil futures on the NYMEX exchange at the beginning of the week is USD 82.48. Gas futures price on the same exchange at the same moment is USD 2.15. The ratio of oil to gas contracts is 38.36 (82.48 / 2.15). And on Friday, it was above 40 — the last time such a proportion was observed in May 2012.
For many years, the oil/gas ratio has not exceeded 25-30. But a mild winter in the US, which pushed down gas prices, plus the recent OPEC+ decision on oil production caps, have all pushed the ratio to an anomaly. But it looks like it may be back to more familiar levels as the daily natural gas price chart sends 2 bullish signals:
1 → false bearish breakdown of the low of the year;
2 → bullish gap at week open.
The last two long bullish candles indicate that demand is dominating. It is possible that the price may reach the psychological (3) level of USD 2.5 (which served as both support and resistance in March) and continue to grow — we recall that according to the forecast of the US Energy Information Administration, the gas price for 2023 should be USD 3.13 (almost +40% from current values).
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
ABNORMAL BALANCE IN ENERGY MARKETS
The cost of an oil futures on the NYMEX exchange at the beginning of the week is USD 82.48. Gas futures price on the same exchange at the same moment is USD 2.15. The ratio of oil to gas contracts is 38.36 (82.48 / 2.15). And on Friday, it was above 40 — the last time such a proportion was observed in May 2012.
For many years, the oil/gas ratio has not exceeded 25-30. But a mild winter in the US, which pushed down gas prices, plus the recent OPEC+ decision on oil production caps, have all pushed the ratio to an anomaly. But it looks like it may be back to more familiar levels as the daily natural gas price chart sends 2 bullish signals:
1 → false bearish breakdown of the low of the year;
2 → bullish gap at week open.
The last two long bullish candles indicate that demand is dominating. It is possible that the price may reach the psychological (3) level of USD 2.5 (which served as both support and resistance in March) and continue to grow — we recall that according to the forecast of the US Energy Information Administration, the gas price for 2023 should be USD 3.13 (almost +40% from current values).
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
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#MarketNews #stockmarket
EUROPEAN STOCKS AT HISTORIC HIGHS
Yesterday, the Europe 50 index was at a high of 4,416.8 points, which exceeds the highs of autumn 2021. Here are the factors that contribute to a more bullish dynamics of European stocks compared to US stocks:
→ the banking crisis affected European banks to a lesser extent than in the US;
→ the growth of the Chinese economy, in relations with which Europe has fewer restrictions than the United States (Macron's recent visit to China confirms this);
→ strong performance in selected sectors: luxury goods and aircraft manufacturing in France, automotive manufacturing in Germany.
On Friday morning, news releases about economic activity indices in Germany and France are expected — which can push the stock market to new heights, or, conversely, lead it into a correction. In the second scenario, the level of 4,320 may support the European stock market, as well as the median line of the rising channel (shown in blue).
To take advantage of trends in the stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
EUROPEAN STOCKS AT HISTORIC HIGHS
Yesterday, the Europe 50 index was at a high of 4,416.8 points, which exceeds the highs of autumn 2021. Here are the factors that contribute to a more bullish dynamics of European stocks compared to US stocks:
→ the banking crisis affected European banks to a lesser extent than in the US;
→ the growth of the Chinese economy, in relations with which Europe has fewer restrictions than the United States (Macron's recent visit to China confirms this);
→ strong performance in selected sectors: luxury goods and aircraft manufacturing in France, automotive manufacturing in Germany.
On Friday morning, news releases about economic activity indices in Germany and France are expected — which can push the stock market to new heights, or, conversely, lead it into a correction. In the second scenario, the level of 4,320 may support the European stock market, as well as the median line of the rising channel (shown in blue).
To take advantage of trends in the stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
#MarketNews #eurusd
Technical Analysis on April 19, 2023: EUR/USD Struggles Below 1.1000 While USD/JPY Aims Higher
🔸The Euro struggled to stay above 1.1000 and corrected lower.
🔸There is a key bearish trend line forming with resistance near 1.0990 on the hourly chart of EUR/USD at FXOpen.
🔸USD/JPY is showing a lot of bullish signs above the 133.85 support zone.
🔸There is a major bearish trend line forming with resistance near 134.30 on the hourly chart at FXOpen.
https://cutt.ly/X77IO7e
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies’ opinion only, it should not be construed as an offer, invitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Technical Analysis on April 19, 2023: EUR/USD Struggles Below 1.1000 While USD/JPY Aims Higher
🔸The Euro struggled to stay above 1.1000 and corrected lower.
🔸There is a key bearish trend line forming with resistance near 1.0990 on the hourly chart of EUR/USD at FXOpen.
🔸USD/JPY is showing a lot of bullish signs above the 133.85 support zone.
🔸There is a major bearish trend line forming with resistance near 134.30 on the hourly chart at FXOpen.
https://cutt.ly/X77IO7e
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies’ opinion only, it should not be construed as an offer, invitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Market Pulse
Technical Analysis on April 19, 2023: EUR/USD Struggles Below 1.1000 While USD/JPY Aims Higher
EUR/USD started a downside correction from the 1.1075 resistance. USD/JPY is rising and might rally further above the 134.30 resistance. Important Takeaways for EUR/USD and USD/JPY· The Euro struggled to stay above 1.1000 and corrected lower. · There is a…
#MarketNews #stockmarket
TSLA STOCKS FALL DESPITE RISING EARNINGS
Yesterday, after the close of the main session on the stock exchange, Tesla reported for the Q1 of 2023:
→ revenue grew by 24% in annual terms;
→ but earnings narrowed as EBITDA margin declined from nearly 27% to 18.3% yoy and operating margin fell to 11%;
→ Elon Musk suggests that by the end of the year the company will be able to create a fully autonomous car.
Obviously, by lowering prices, Tesla aims to conquer the market by increasing production by 50% every year. The optimistic scenario is 2 million cars produced in 2023. But surely investors do not like the drop in profits, so TSLA shares fell about 6% in the additional trading session. So expect trading to open today at around USD 170/share (above USD 180 at the close yesterday).
Thus, the price failed to overcome the level (1) of the resistance at USD 210 (we pointed to it earlier). Probably, the scenario will develop with the closing of the gap (2), which can act as support.
To take advantage of the rise and fall of the world's most popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
TSLA STOCKS FALL DESPITE RISING EARNINGS
Yesterday, after the close of the main session on the stock exchange, Tesla reported for the Q1 of 2023:
→ revenue grew by 24% in annual terms;
→ but earnings narrowed as EBITDA margin declined from nearly 27% to 18.3% yoy and operating margin fell to 11%;
→ Elon Musk suggests that by the end of the year the company will be able to create a fully autonomous car.
Obviously, by lowering prices, Tesla aims to conquer the market by increasing production by 50% every year. The optimistic scenario is 2 million cars produced in 2023. But surely investors do not like the drop in profits, so TSLA shares fell about 6% in the additional trading session. So expect trading to open today at around USD 170/share (above USD 180 at the close yesterday).
Thus, the price failed to overcome the level (1) of the resistance at USD 210 (we pointed to it earlier). Probably, the scenario will develop with the closing of the gap (2), which can act as support.
To take advantage of the rise and fall of the world's most popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
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#MarketNews #inflation
Inflation in Japan Stabilizing
High inflation is not such a big problem for Japan as it is for, for instance, the US and the UK. Although the sharp jump in the Core CPI in Japan two months ago to 4.1% in annual terms caused alarm, the data published this morning (although it testified to an unusually high level of inflation for Japan) generally reduced the degree of alarm:
→ Core CPI (today): 3.1%: (expected 3.1%).
→ Core CPI (a month ago): 3.1%.
→ Core CPI (a year ago): 0.8%.
As a result of published data on inflation, the yen strengthened in the morning. The demand for the Japanese currency is also facilitated by the following facts:
→ the banking crisis has practically not affected the banks of Japan;
→ oil prices are adjusting after the decision to limit OPEC+ production (oil is an important import product to Japan);
→ disappointing first-quarter financials from some companies in the US. Foreign investors poured almost $12 billion into Japanese equities last week, their largest investment since at least January 2018, according to Reuters.
The daily chart shows that the USDJPY rate is forming a reversal (1) from the upper border of the descending channel A1-A2, as a result of which the price may again test the long-term trend line (2). More frequent attempts to touch this line may indicate that the bears' attempts to break through it are becoming more and more persistent.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Inflation in Japan Stabilizing
High inflation is not such a big problem for Japan as it is for, for instance, the US and the UK. Although the sharp jump in the Core CPI in Japan two months ago to 4.1% in annual terms caused alarm, the data published this morning (although it testified to an unusually high level of inflation for Japan) generally reduced the degree of alarm:
→ Core CPI (today): 3.1%: (expected 3.1%).
→ Core CPI (a month ago): 3.1%.
→ Core CPI (a year ago): 0.8%.
As a result of published data on inflation, the yen strengthened in the morning. The demand for the Japanese currency is also facilitated by the following facts:
→ the banking crisis has practically not affected the banks of Japan;
→ oil prices are adjusting after the decision to limit OPEC+ production (oil is an important import product to Japan);
→ disappointing first-quarter financials from some companies in the US. Foreign investors poured almost $12 billion into Japanese equities last week, their largest investment since at least January 2018, according to Reuters.
The daily chart shows that the USDJPY rate is forming a reversal (1) from the upper border of the descending channel A1-A2, as a result of which the price may again test the long-term trend line (2). More frequent attempts to touch this line may indicate that the bears' attempts to break through it are becoming more and more persistent.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
#MarketNews #bitcoin
The European Parliament Passes a Law on Cryptocurrencies
On Thursday, MEPs voted 529 to 29 with 14 abstentions to approve Markets in Crypto-assets (MiCA), a law that creates a regulatory framework for the circulation of cryptocurrencies. On the one hand, regulation can help the wider adoption of cryptocurrencies. On the other hand, how much can end users like it if the law allows
tracking transfers in cryptocurrencies and blocking suspicious transactions?
The real impact of the law will be judged later — whether it will control or protect users. In the meantime, their attention is more focused on the bearish dynamics of BTCUSD around the psychological level of USD 30k — we have been talking about this since last Wednesday.
The BTCUSD rate fell to the median line (1) of the ascending channel, which has been relevant since the beginning of the year, so the bitcoin quote can find support here. However, arguing about the position of the current price relative to the A-B triangle, which testified to the temporary balance of supply and demand, one can come to negative conclusions. After all, if we evaluate the rally on April 10-11 as an imbalance in favor of demand forces, then the latest price action indicates that the imbalance occurred in the wrong direction. And where the bulls did not succeed, the bears can.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
The European Parliament Passes a Law on Cryptocurrencies
On Thursday, MEPs voted 529 to 29 with 14 abstentions to approve Markets in Crypto-assets (MiCA), a law that creates a regulatory framework for the circulation of cryptocurrencies. On the one hand, regulation can help the wider adoption of cryptocurrencies. On the other hand, how much can end users like it if the law allows
tracking transfers in cryptocurrencies and blocking suspicious transactions?
The real impact of the law will be judged later — whether it will control or protect users. In the meantime, their attention is more focused on the bearish dynamics of BTCUSD around the psychological level of USD 30k — we have been talking about this since last Wednesday.
The BTCUSD rate fell to the median line (1) of the ascending channel, which has been relevant since the beginning of the year, so the bitcoin quote can find support here. However, arguing about the position of the current price relative to the A-B triangle, which testified to the temporary balance of supply and demand, one can come to negative conclusions. After all, if we evaluate the rally on April 10-11 as an imbalance in favor of demand forces, then the latest price action indicates that the imbalance occurred in the wrong direction. And where the bulls did not succeed, the bears can.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
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#MarketNews
Technical Analysis on April 21, 2023: AUD/USD and NZD/USD At Risk of More Losses
🔸The Aussie Dollar started a fresh decline below the 0.6740 support against the US Dollar.
🔸There is a key bullish trend line forming with support at 0.6715 on the hourly chart of AUD/USD at FXOpen.
🔸NZD/USD failed to clear the 0.6220 resistance zone and reacted to the downside.
🔸There is a major bearish trend line forming with resistance near 0.6180 on the hourly chart of NZD/USD at FXOpen.
https://cutt.ly/N5uc6E2
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
Technical Analysis on April 21, 2023: AUD/USD and NZD/USD At Risk of More Losses
🔸The Aussie Dollar started a fresh decline below the 0.6740 support against the US Dollar.
🔸There is a key bullish trend line forming with support at 0.6715 on the hourly chart of AUD/USD at FXOpen.
🔸NZD/USD failed to clear the 0.6220 resistance zone and reacted to the downside.
🔸There is a major bearish trend line forming with resistance near 0.6180 on the hourly chart of NZD/USD at FXOpen.
https://cutt.ly/N5uc6E2
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
Market Pulse
Technical Analysis on April 21, 2023: AUD/USD and NZD/USD At Risk of More Losses
AUD/USD started a fresh decline from the 0.6770 resistance zone. NZD/USD is also moving lower and might decline below the 0.6150 support. Important Takeaways for AUD/USD and NZD/USD· The Aussie Dollar started a fresh decline below the 0.6740 support against…
#MarketNews #stockmarket
Watch FXOpen's April 17 - 21 Weekly Market Wrap Video
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🔸Abnormal balance in energy markets
🔸FTSE 100 is back on track, but 8,000 points are still out of reach
🔸European stocks at historic highs
🔸NASDAQ hangs in the doldrums despite optimism around big tech earnings
https://youtu.be/IJHRNwx7HHI
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
Watch FXOpen's April 17 - 21 Weekly Market Wrap Video
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🔸Abnormal balance in energy markets
🔸FTSE 100 is back on track, but 8,000 points are still out of reach
🔸European stocks at historic highs
🔸NASDAQ hangs in the doldrums despite optimism around big tech earnings
https://youtu.be/IJHRNwx7HHI
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
YouTube
FXOpen Weekly Market Wrap With Gary Thomson: BALANCE IN ENERGY MARKETS, FTSE 100, EUROPEAN STOCKS
Watch FXOpen's April 17 - 21 Weekly Market Wrap Video
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
- Abnormal balance in energy markets
- FTSE 100 is back on track, but 8,000 points…
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
- Abnormal balance in energy markets
- FTSE 100 is back on track, but 8,000 points…
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#MarketNews
Market Analysis: GBP/USD Eyes Bullish Breakout While EUR/GBP Consolidates
🔸The British Pound is slowly moving higher from the 1.2365 support against the US Dollar.
🔸There is a key bearish trend line forming with resistance near 1.2440 on the hourly chart of GBP/USD at FXOpen.
🔸EUR/GBP started a downside correction from the 0.8860 resistance zone.
🔸There is a major bullish trend line forming with support near 0.8825 on the hourly chart at FXOpen.
https://cutt.ly/R5hQUPd
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
Market Analysis: GBP/USD Eyes Bullish Breakout While EUR/GBP Consolidates
🔸The British Pound is slowly moving higher from the 1.2365 support against the US Dollar.
🔸There is a key bearish trend line forming with resistance near 1.2440 on the hourly chart of GBP/USD at FXOpen.
🔸EUR/GBP started a downside correction from the 0.8860 resistance zone.
🔸There is a major bullish trend line forming with support near 0.8825 on the hourly chart at FXOpen.
https://cutt.ly/R5hQUPd
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
Market Pulse
Market Analysis: GBP/USD Eyes Bullish Breakout While EUR/GBP Consolidates Losses
GBP/USD is eyeing a key upside break above the 1.2470 resistance zone. EUR/GBP is now consolidating losses above the 0.8825 support. Important Takeaways for GBP/USD and EUR/GBP· The British Pound is slowly moving higher from the 1.2365 support against the…
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#stockmarket #MarketNews
A Hot Week of the Reporting Season Is Coming
More than a third of the companies whose shares are included in the S&P 500 index will report their earnings this week.
Bank of America analysts note that of the companies that have already released their first-quarter earnings, 27 have raised their earnings-per-share expectations — the best start to the season since 2012.
However, despite a promising start to the reporting season, the S&P 500 was down last week (and has also been bearish since Monday morning). According to Business Insider, this could be due to several factors:
→ reports look positive because forecasts were initially lower;
→ the impact of the banking crisis is not yet fully reflected in the results of companies;
→ the growing risk of default on federal debt is factored into the stock market valuation. The cost of CDS (insurance against default) updates multi-month highs.
Also, from the technical side, note the restraining influence of the resistance line (1) 4,170, which we have pointed out several times. If the reports this week turn out to be disappointing, this may lead to a bearish breakdown of the median line of the current channel (shown in blue), which will open up the prospect of another descent to its lower border (2).
To take advantage of fluctuations in the value of assets in the world stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, invitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
A Hot Week of the Reporting Season Is Coming
More than a third of the companies whose shares are included in the S&P 500 index will report their earnings this week.
Bank of America analysts note that of the companies that have already released their first-quarter earnings, 27 have raised their earnings-per-share expectations — the best start to the season since 2012.
However, despite a promising start to the reporting season, the S&P 500 was down last week (and has also been bearish since Monday morning). According to Business Insider, this could be due to several factors:
→ reports look positive because forecasts were initially lower;
→ the impact of the banking crisis is not yet fully reflected in the results of companies;
→ the growing risk of default on federal debt is factored into the stock market valuation. The cost of CDS (insurance against default) updates multi-month highs.
Also, from the technical side, note the restraining influence of the resistance line (1) 4,170, which we have pointed out several times. If the reports this week turn out to be disappointing, this may lead to a bearish breakdown of the median line of the current channel (shown in blue), which will open up the prospect of another descent to its lower border (2).
To take advantage of fluctuations in the value of assets in the world stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, invitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
🔥1
#MarketNews #bitcoin
Is Bitcoin a Reserve Currency?
According to the IMF, at the end of 2022, the share of USD in the reserves of national banks of different countries was 58%; to compare, in 1999, its share was over 70%. At the same time, more and more countries are calling for abandoning the dollar in trade.
Bloomberg writes that USD value is under pressure because of:
→ tough Fed policy;
→ banking crisis in the US;
→ strengthening of the yen and yuan.
At the same time, Arthur Hayes, co-founder of the BitMEX exchange, has opined that bitcoin can become a reserve currency — in his opinion, the exchange rate of the main cryptocurrency against the US dollar can reach 1 million.
The bold predictions of crypto enthusiasts are becoming more fantastic as the BTCUSD chart forms a bearish pattern — a false bullish breakout of a long-term downward channel. Orange marks indicate price action, which confirms the validity of the channel: if the price continues to move within it, the scenario of a decline to the USD 20k level will become more realistic.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, invitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
Is Bitcoin a Reserve Currency?
According to the IMF, at the end of 2022, the share of USD in the reserves of national banks of different countries was 58%; to compare, in 1999, its share was over 70%. At the same time, more and more countries are calling for abandoning the dollar in trade.
Bloomberg writes that USD value is under pressure because of:
→ tough Fed policy;
→ banking crisis in the US;
→ strengthening of the yen and yuan.
At the same time, Arthur Hayes, co-founder of the BitMEX exchange, has opined that bitcoin can become a reserve currency — in his opinion, the exchange rate of the main cryptocurrency against the US dollar can reach 1 million.
The bold predictions of crypto enthusiasts are becoming more fantastic as the BTCUSD chart forms a bearish pattern — a false bullish breakout of a long-term downward channel. Orange marks indicate price action, which confirms the validity of the channel: if the price continues to move within it, the scenario of a decline to the USD 20k level will become more realistic.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, invitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
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#MarketNews #stockmarket
MSFT Shares Rise by More Than 9%
During the additional trading session, the price of MSFT reached USD 300 per share, the highest since April 2022. This happened against the backdrop of a strong report from the company:
→ Microsoft's total revenue rose 7% to USD 52.9 billion (+7% yoy), beating forecasts at USD 51 billion.
→ Net income increased by 9% to USD 18.3 billion (+10% yoy) compared to forecasts at USD 16.6 billion.
Note the strong growth in revenue of the cloud division to USD 28.5 billion (+22% yoy), which eases fears of a slowdown in demand after the boom in digital services during the Covid-19 pandemic. According to the CEO of Microsoft,
major customers around the world continue to move key workloads to the company's cloud, and Microsoft will continue to invest in cloud infrastructure and especially AI-related spending. The CFO says the current quarter is expected to see "healthy revenue growth" and "disciplined" spending.
In a Wall Street Journal poll of 45 analysts, only one recommends selling MSFT stock. However, buying immediately after the market opens may turn into a hasty decision, since it is possible that the price will consolidate near the psychological mark of USD 300 (2) and the upper limit (1) of the ascending channel, after which a correction may occur in the middle of the current channel.
To take advantage of the rise and fall of the shares of the world's most popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
MSFT Shares Rise by More Than 9%
During the additional trading session, the price of MSFT reached USD 300 per share, the highest since April 2022. This happened against the backdrop of a strong report from the company:
→ Microsoft's total revenue rose 7% to USD 52.9 billion (+7% yoy), beating forecasts at USD 51 billion.
→ Net income increased by 9% to USD 18.3 billion (+10% yoy) compared to forecasts at USD 16.6 billion.
Note the strong growth in revenue of the cloud division to USD 28.5 billion (+22% yoy), which eases fears of a slowdown in demand after the boom in digital services during the Covid-19 pandemic. According to the CEO of Microsoft,
major customers around the world continue to move key workloads to the company's cloud, and Microsoft will continue to invest in cloud infrastructure and especially AI-related spending. The CFO says the current quarter is expected to see "healthy revenue growth" and "disciplined" spending.
In a Wall Street Journal poll of 45 analysts, only one recommends selling MSFT stock. However, buying immediately after the market opens may turn into a hasty decision, since it is possible that the price will consolidate near the psychological mark of USD 300 (2) and the upper limit (1) of the ascending channel, after which a correction may occur in the middle of the current channel.
To take advantage of the rise and fall of the shares of the world's most popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
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#MarketNews #tradingtips
Market Analysis: EUR/USD Corrects Gains While USD/CHF Signals Upside Break
🔸The Euro started a fresh decline from the 1.1070 resistance against the US Dollar.
🔸There is a key bullish trend line forming with support near 1.0970 on the hourly chart of EUR/USD at FXOpen.
🔸USD/CHF started a fresh increase above the 0.8900 resistance zone.
🔸There was a break above a major bearish trend line with resistance near 0.8895 on the hourly chart at FXOpen.
https://cutt.ly/i5bMvUL
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
Market Analysis: EUR/USD Corrects Gains While USD/CHF Signals Upside Break
🔸The Euro started a fresh decline from the 1.1070 resistance against the US Dollar.
🔸There is a key bullish trend line forming with support near 1.0970 on the hourly chart of EUR/USD at FXOpen.
🔸USD/CHF started a fresh increase above the 0.8900 resistance zone.
🔸There was a break above a major bearish trend line with resistance near 0.8895 on the hourly chart at FXOpen.
https://cutt.ly/i5bMvUL
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice
Market Pulse
Market Analysis: EUR/USD Corrects Gains While USD/CHF Signals Upside Break
EUR/USD started a downside correction from the 1.1070 resistance. USD/CHF is rising and might aim for more gains above the 0.8930 resistance. Important Takeaways for EUR/USD and USD/CHF· The Euro started a fresh decline from the 1.1070 resistance against…
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#MarketNews #tradingtips
AUDUSD: Breakout of Important Support
Yesterday's report showed that inflation in Australia in the first quarter of 2023 fell from a 33-year high. The consumer price index rose only by 1.4% in annual terms, although analysts had expected +1.9%.
Now market participants are focusing on the meeting of the Reserve Bank of Australia on May 2; it is expected that it will resume raising rates and thereby complete the pause made after a series of 10 increases.
Reacting to the news, the Australian dollar broke through the low of April, while the daily AUDUSD chart shows that the market as a whole looks weak, because:
→ important support (1), which has been in effect since autumn 2022, has been breached;
→ rebounds from this line were weak, the price did not reach the median line (2);
→ MA (200) points down.
The bears may make even more progress today, as at 15:30 (GMT+3) the US GDP and unemployment news will be published, which may strengthen the USD.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
AUDUSD: Breakout of Important Support
Yesterday's report showed that inflation in Australia in the first quarter of 2023 fell from a 33-year high. The consumer price index rose only by 1.4% in annual terms, although analysts had expected +1.9%.
Now market participants are focusing on the meeting of the Reserve Bank of Australia on May 2; it is expected that it will resume raising rates and thereby complete the pause made after a series of 10 increases.
Reacting to the news, the Australian dollar broke through the low of April, while the daily AUDUSD chart shows that the market as a whole looks weak, because:
→ important support (1), which has been in effect since autumn 2022, has been breached;
→ rebounds from this line were weak, the price did not reach the median line (2);
→ MA (200) points down.
The bears may make even more progress today, as at 15:30 (GMT+3) the US GDP and unemployment news will be published, which may strengthen the USD.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
🔥1
#MarketNews #stockmarket
META SHARES SOAR 11% AFTER STRONG REPORT
Yesterday, after the close of the main session on the stock exchange, a report on the activities of the social giant META (Facebook) was published, which turned out to be stronger than Wall Street's expectations.
→ Revenue reached USD 28.7 billion (+2.6% yoy), a historic record.
→ A new record in the range of USD 29.5-32.0 billion is predicted for the second quarter
→ Earnings per share was USD 2.20 (expected USD 2.01).
→ The share of daily active network users increased by 4% year-on-year.
AI-driven improvements could lead to more sustainable multi-year revenue growth, according to Morgan Stanley analysts.
Investors also assessed the measures being taken to reduce the staff by 10,000, and during the additional trading session, the price of META shares exceeded USD 233 per share — it is in the region of this level that we should expect the opening of the main session today.
The chart shows that the price of META is rising towards two important resistance levels:
1→ USD 245 level, it had an impact on the price earlier;
2→ 50% level of decline from historical highs to November 2022 low.
Therefore, when estimating a long entry for META shares based on strong fundamental data, it makes sense to wait for a more attractive moment from the point of view of technical analysis.
To take advantage of the rise and fall of the shares of the world's most popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
META SHARES SOAR 11% AFTER STRONG REPORT
Yesterday, after the close of the main session on the stock exchange, a report on the activities of the social giant META (Facebook) was published, which turned out to be stronger than Wall Street's expectations.
→ Revenue reached USD 28.7 billion (+2.6% yoy), a historic record.
→ A new record in the range of USD 29.5-32.0 billion is predicted for the second quarter
→ Earnings per share was USD 2.20 (expected USD 2.01).
→ The share of daily active network users increased by 4% year-on-year.
AI-driven improvements could lead to more sustainable multi-year revenue growth, according to Morgan Stanley analysts.
Investors also assessed the measures being taken to reduce the staff by 10,000, and during the additional trading session, the price of META shares exceeded USD 233 per share — it is in the region of this level that we should expect the opening of the main session today.
The chart shows that the price of META is rising towards two important resistance levels:
1→ USD 245 level, it had an impact on the price earlier;
2→ 50% level of decline from historical highs to November 2022 low.
Therefore, when estimating a long entry for META shares based on strong fundamental data, it makes sense to wait for a more attractive moment from the point of view of technical analysis.
To take advantage of the rise and fall of the shares of the world's most popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
👍1
#MarketNews #bitcoin
Bitcoin Bulls Battle for the USD 30k Psychological Level
The last few days have been volatile for cryptocurrency traders. The BTCUSD rate fell to the USD 27k support line and rose to USD 30k.
Bullish sentiment was fueled by new fears in the banking sector: First Republic Bank’s Q1 report showed a significant outflow of deposits, although earlier USD 30 billion was poured into the bank to calm depositors. WSJ writes about the lack of a simple solution. Stocks plummeted more than 50%, eroding confidence in the banking sector but boosting confidence in cryptocurrencies.
The bearish mood was driven by:
→ the news about the requirements of the US Internal Revenue Service (IRS) to the Kraken cryptocurrency exchange to issue the data of its users to the court. The Kraken exchange refused to comply with the requirements, believing that the IRS had gone beyond what was permitted.
→ the Bitrue Incident: A technical glitch caused the XRP price to drop to zero, resulting in the liquidation of its clients' positions.
Looking at the BTCUSD chart, it can be noted that the psychological level of USD 30k looks like a serious resistance. But with support from the USD 27k level (1) and the median line of the rising channel (2), the bulls may try to take a new assault.
To take advantage of the rise and fall of cryptocurrencies without worrying about the safety of your data and funds, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
Bitcoin Bulls Battle for the USD 30k Psychological Level
The last few days have been volatile for cryptocurrency traders. The BTCUSD rate fell to the USD 27k support line and rose to USD 30k.
Bullish sentiment was fueled by new fears in the banking sector: First Republic Bank’s Q1 report showed a significant outflow of deposits, although earlier USD 30 billion was poured into the bank to calm depositors. WSJ writes about the lack of a simple solution. Stocks plummeted more than 50%, eroding confidence in the banking sector but boosting confidence in cryptocurrencies.
The bearish mood was driven by:
→ the news about the requirements of the US Internal Revenue Service (IRS) to the Kraken cryptocurrency exchange to issue the data of its users to the court. The Kraken exchange refused to comply with the requirements, believing that the IRS had gone beyond what was permitted.
→ the Bitrue Incident: A technical glitch caused the XRP price to drop to zero, resulting in the liquidation of its clients' positions.
Looking at the BTCUSD chart, it can be noted that the psychological level of USD 30k looks like a serious resistance. But with support from the USD 27k level (1) and the median line of the rising channel (2), the bulls may try to take a new assault.
To take advantage of the rise and fall of cryptocurrencies without worrying about the safety of your data and funds, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
#MarketNews #tradingtips
EURJPY Climbs to Its Highest in Over 8 Years
On Friday morning, the EURJPY rose above 149 yen per euro on news from Japan. There, unemployment rose to 2.8% (expected 2.5%, last month 2.6%, a year ago 2.6%), it was higher only in the summer of 2021 (2.9%).
Market participants also followed the meeting of the Bank of Japan, which is now managed by Kazuo Ueda. As expected, the Bank of Japan said it would maintain ultra-low interest rates. However, at the same time it became known that the bank will conduct a "broad review of monetary policy."
It is possible that this revision will lay the groundwork for Kazuo Ueda's phasing out of the massive stimulus program pursued by his predecessor.
Perhaps the level of 148 yen per euro (1), which previously served as resistance, will now become a support for the bulls to try to break through the psychological mark of 150 yen per euro. In 2014, this mark turned out to be unattainable for them.
To take advantage of the rise and fall of currencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
EURJPY Climbs to Its Highest in Over 8 Years
On Friday morning, the EURJPY rose above 149 yen per euro on news from Japan. There, unemployment rose to 2.8% (expected 2.5%, last month 2.6%, a year ago 2.6%), it was higher only in the summer of 2021 (2.9%).
Market participants also followed the meeting of the Bank of Japan, which is now managed by Kazuo Ueda. As expected, the Bank of Japan said it would maintain ultra-low interest rates. However, at the same time it became known that the bank will conduct a "broad review of monetary policy."
It is possible that this revision will lay the groundwork for Kazuo Ueda's phasing out of the massive stimulus program pursued by his predecessor.
Perhaps the level of 148 yen per euro (1), which previously served as resistance, will now become a support for the bulls to try to break through the psychological mark of 150 yen per euro. In 2014, this mark turned out to be unattainable for them.
To take advantage of the rise and fall of currencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
#MarketNews
On FXOpen Market News, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports. You can also find text versions of the news reports at our Internet resources.
🔸MSFT shares rise by more than 9%
🔸AUDUSD: breakout of important support
🔸NVIDIA analysis: Stock hits one-month low
🔸META shares soar 11% after strong report
Watch our short and informative video, and stay updated with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
https://www.youtube.com/watch?v=LJa69Qrj8AY
On FXOpen Market News, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports. You can also find text versions of the news reports at our Internet resources.
🔸MSFT shares rise by more than 9%
🔸AUDUSD: breakout of important support
🔸NVIDIA analysis: Stock hits one-month low
🔸META shares soar 11% after strong report
Watch our short and informative video, and stay updated with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
https://www.youtube.com/watch?v=LJa69Qrj8AY
YouTube
FXOpen Weekly Market Wrap With Gary Thomson: MSFT SHARES, AUDUSD, NVIDIA STOCK, META SHARES
Watch FXOpen's April 24 - 28 Weekly Market Wrap Video
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
00:15 - AUDUSD: breakout of important support
02:20 - MSFT shares rise by more…
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
00:15 - AUDUSD: breakout of important support
02:20 - MSFT shares rise by more…
#MarketNews
UNEXPECTED INTEREST RATE HIKE IN AUSTRALIA STRENGTHENS AUD
According to Reuters, market participants were waiting for a pause in a series of interest rate hikes, as the data showed a slowdown in inflation. However, the Reserve Bank of Australia on Tuesday raised the rate by 25 basis points.
"Inflation in Australia has passed its peak, but at 7 percent is still too high and it will be some time yet before it is back in the target range," said governor Philip Lowe.
As a result, the Australian dollar jumped by about 1% against major currencies. It's a tumultuous start to the week after May 1, which was a public holiday for the financial industry in many countries. Note that news from the Reserve Bank of New Zealand, as well as from the Fed, is expected tomorrow.
Meanwhile, the daily chart of AUDUSD shows a promising bullish pattern — a false bearish breakdown (1) of the lower border of the rising channel. In the most favorable scenario for the bulls, the rate may continue to rise towards a (3) year high, however (2) resistance at 0.678 is on the way — it will help to reveal how strong the demand in the AUDUSD market is really strong.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
UNEXPECTED INTEREST RATE HIKE IN AUSTRALIA STRENGTHENS AUD
According to Reuters, market participants were waiting for a pause in a series of interest rate hikes, as the data showed a slowdown in inflation. However, the Reserve Bank of Australia on Tuesday raised the rate by 25 basis points.
"Inflation in Australia has passed its peak, but at 7 percent is still too high and it will be some time yet before it is back in the target range," said governor Philip Lowe.
As a result, the Australian dollar jumped by about 1% against major currencies. It's a tumultuous start to the week after May 1, which was a public holiday for the financial industry in many countries. Note that news from the Reserve Bank of New Zealand, as well as from the Fed, is expected tomorrow.
Meanwhile, the daily chart of AUDUSD shows a promising bullish pattern — a false bearish breakdown (1) of the lower border of the rising channel. In the most favorable scenario for the bulls, the rate may continue to rise towards a (3) year high, however (2) resistance at 0.678 is on the way — it will help to reveal how strong the demand in the AUDUSD market is really strong.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
#MarketNews #stockmarket
S&P 500: WORRISOME DYNAMICS AHEAD OF FED DECISION
On the first of May, the US stock market turned out to be optimistic: the S&P 500 index exceeded the April maximum and approached the February maximum. The growth of the weekend was facilitated by the resolution of the crisis with the First Republic bank, which was bought by JPMorgan. According to former Treasury Secretary Larry Summers, most of the problems in the banking sector are over.
The opinion of Fundstrat analysts added to the positive. They indicated that the S&P 500 is up 9% YTD, has been in an uptrend for the past 7 months and has posted 2 quarters of growth in a row. This has never happened in a bear market, and according to the statistics, it is over. Analysts expect the index to return to highs at 4,750 by early 2024.
However… Yesterday, May 2, weak Job Openings data was published (actual – 9.59 million open vacancies, forecast – 9.74M, a month ago – 9.97M, a year ago – 11.5M). The sharp decline in supply in the US labor market led to a fall in stock prices and a rise in gold prices — presumably, investors preferred safer gold over stocks, as their fears of a recession intensified again against the backdrop of a weak labor market.
At the same time, the chart shows that the key resistance at 4170 continues to be relevant (as we wrote earlier, this level originates as early as 2022).
As a reminder, today we expect:
→ US release Fed interest rate decision at 21:00 (GMT+3)
→ Press conference US Federal Open Market Committee (FOMC) at 21:30 (GMT+3)
Get ready for bursts of volatility. Perhaps yesterday's bearish dynamics will intensify, and there will be no trace of the May Day positive.
To take advantage of trends in the US stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
S&P 500: WORRISOME DYNAMICS AHEAD OF FED DECISION
On the first of May, the US stock market turned out to be optimistic: the S&P 500 index exceeded the April maximum and approached the February maximum. The growth of the weekend was facilitated by the resolution of the crisis with the First Republic bank, which was bought by JPMorgan. According to former Treasury Secretary Larry Summers, most of the problems in the banking sector are over.
The opinion of Fundstrat analysts added to the positive. They indicated that the S&P 500 is up 9% YTD, has been in an uptrend for the past 7 months and has posted 2 quarters of growth in a row. This has never happened in a bear market, and according to the statistics, it is over. Analysts expect the index to return to highs at 4,750 by early 2024.
However… Yesterday, May 2, weak Job Openings data was published (actual – 9.59 million open vacancies, forecast – 9.74M, a month ago – 9.97M, a year ago – 11.5M). The sharp decline in supply in the US labor market led to a fall in stock prices and a rise in gold prices — presumably, investors preferred safer gold over stocks, as their fears of a recession intensified again against the backdrop of a weak labor market.
At the same time, the chart shows that the key resistance at 4170 continues to be relevant (as we wrote earlier, this level originates as early as 2022).
As a reminder, today we expect:
→ US release Fed interest rate decision at 21:00 (GMT+3)
→ Press conference US Federal Open Market Committee (FOMC) at 21:30 (GMT+3)
Get ready for bursts of volatility. Perhaps yesterday's bearish dynamics will intensify, and there will be no trace of the May Day positive.
To take advantage of trends in the US stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This article represents FXOpen Companies’ opinion only, it should not be construed as an offer, solicitation, or recommendation with respect to FXOpen Companies’ products and services or as financial advice.
