#stockmarket #stocks #MarketNews #marketanalysis
Coinbase (COIN) Shares Rise Following Stablecoin Legislation Approval
Shares in Coinbase Global (COIN) surged by 11% yesterday, making the company the top performer in the S&P 500 index (US SPX 500 mini on FXOpen).
The sharp rise was driven by news that the US Senate has approved the GENIUS stablecoin bill, which sets out a regulatory framework for the use of stablecoins — crypto assets whose value is pegged to another currency or financial instrument, such as the US dollar.
The bill (which still requires approval from the House of Representatives) would pave the way for banks, fintech companies, and other financial market participants to use stablecoins. This development acted as a strong bullish catalyst for COIN shares.
Technical Analysis of Coinbase (COIN) Share Price Chart
In our previous analysis of the COIN share price chart, we:
→ identified an ascending channel (shown in blue);
→ suggested that the COIN share price could rise towards the psychological level of $300.
That projection has played out — the price is now very close to the $300 mark. So, what comes next?
In a bold, optimistic scenario, buyers may hope for a continuation of the rally, with the share price pushing towards the upper boundary of the long-term ascending channel, especially following the recent news. In the medium term, the blue ascending channel may remain relevant, given the strong signal of improved cryptocurrency regulation in the US legislative framework.
However, we also note some vulnerability to a pullback, as:
→ the $300 level may act as significant resistance;
→ the price is approaching the upper boundary of the blue channel, which also shows resistance characteristics;
→ once the initial wave of positive sentiment fades, some investors may look to take profits, especially given the more than 20% rise in Coinbase (COIN) shares since the beginning of the month.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Coinbase (COIN) Shares Rise Following Stablecoin Legislation Approval
Shares in Coinbase Global (COIN) surged by 11% yesterday, making the company the top performer in the S&P 500 index (US SPX 500 mini on FXOpen).
The sharp rise was driven by news that the US Senate has approved the GENIUS stablecoin bill, which sets out a regulatory framework for the use of stablecoins — crypto assets whose value is pegged to another currency or financial instrument, such as the US dollar.
The bill (which still requires approval from the House of Representatives) would pave the way for banks, fintech companies, and other financial market participants to use stablecoins. This development acted as a strong bullish catalyst for COIN shares.
Technical Analysis of Coinbase (COIN) Share Price Chart
In our previous analysis of the COIN share price chart, we:
→ identified an ascending channel (shown in blue);
→ suggested that the COIN share price could rise towards the psychological level of $300.
That projection has played out — the price is now very close to the $300 mark. So, what comes next?
In a bold, optimistic scenario, buyers may hope for a continuation of the rally, with the share price pushing towards the upper boundary of the long-term ascending channel, especially following the recent news. In the medium term, the blue ascending channel may remain relevant, given the strong signal of improved cryptocurrency regulation in the US legislative framework.
However, we also note some vulnerability to a pullback, as:
→ the $300 level may act as significant resistance;
→ the price is approaching the upper boundary of the blue channel, which also shows resistance characteristics;
→ once the initial wave of positive sentiment fades, some investors may look to take profits, especially given the more than 20% rise in Coinbase (COIN) shares since the beginning of the month.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#XAGUSD #silver #commodoties #MarketNews #marketanalysis
Silver Price Retreats from 2012 Highs
As shown on the XAG/USD chart, the price of silver climbed above $37 per ounce yesterday — a level not seen since 2012. However, this morning, the price has dropped by approximately 2.5% from yesterday’s peak.
The bullish driver behind the rally has been fears that the US could become involved in a military conflict between Israel and Iran. Concerns in financial markets intensified after media reports stated that US officials are preparing for a potential strike on Iran.
Another factor influencing silver's price was the Federal Reserve’s decision to keep interest rates unchanged and maintain a cautious policy stance. Yesterday, Jerome Powell warned that President Trump’s tariffs could fuel inflation (a bullish signal for silver) and complicate the economic outlook.
Technical Analysis of the XAG/USD Chart
In our previous analysis of the XAG/USD chart, we identified an upward channel. This channel remains relevant, though its configuration has shifted.
The price of silver remains in the upper part of the channel (a sign of strong demand). However, two signals suggest a potential correction may develop:
→ A bearish divergence on the RSI indicator;
→ A sharp decline from the channel’s upper boundary (marked with a red arrow), breaking through the local line that divides the upper half of the channel into quarters.
Nevertheless, given the scale of geopolitical risks, there is a chance that the bears may struggle to significantly shift the trend — especially with markets nearing the weekend closure.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Silver Price Retreats from 2012 Highs
As shown on the XAG/USD chart, the price of silver climbed above $37 per ounce yesterday — a level not seen since 2012. However, this morning, the price has dropped by approximately 2.5% from yesterday’s peak.
The bullish driver behind the rally has been fears that the US could become involved in a military conflict between Israel and Iran. Concerns in financial markets intensified after media reports stated that US officials are preparing for a potential strike on Iran.
Another factor influencing silver's price was the Federal Reserve’s decision to keep interest rates unchanged and maintain a cautious policy stance. Yesterday, Jerome Powell warned that President Trump’s tariffs could fuel inflation (a bullish signal for silver) and complicate the economic outlook.
Technical Analysis of the XAG/USD Chart
In our previous analysis of the XAG/USD chart, we identified an upward channel. This channel remains relevant, though its configuration has shifted.
The price of silver remains in the upper part of the channel (a sign of strong demand). However, two signals suggest a potential correction may develop:
→ A bearish divergence on the RSI indicator;
→ A sharp decline from the channel’s upper boundary (marked with a red arrow), breaking through the local line that divides the upper half of the channel into quarters.
Nevertheless, given the scale of geopolitical risks, there is a chance that the bears may struggle to significantly shift the trend — especially with markets nearing the weekend closure.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#stockmarket #mastercard #visa #MarketNews
Mastercard (MA) and Visa (V) Shares Decline Due to Stablecoin Bill
Yesterday, we reported that the US Senate had passed the GENIUS stablecoin bill, which establishes a legal framework for regulating the stablecoin market. This development led to a sharp rise in the share price of cryptocurrency exchange Coinbase (COIN), while simultaneously putting pressure on Mastercard (MA) and Visa (V) shares.
According to media reports, market participants are concerned that stablecoins could pose serious competition to these companies, which earn revenue primarily from transaction fees. This serves as an example of how blockchain technology, with its low-cost features and high speed, could disrupt leaders in the traditional finance sector.
Technical Analysis of Mastercard (MA) Stock Chart
In May, MA shares formed an upward trend (shown in blue), but this was already broken by a strong downward move, accompanied by a wide bearish gap in the $575–$585 range.
Near the lower boundary of the channel, a contracting triangle pattern (shown in black) can be observed – this can be interpreted as a temporary balance between buyers and sellers. However, it didn’t last long: the widening spread of bearish candles (1 and 2) indicates growing selling pressure.
It’s possible that following a drop of over 9% from the June high, Mastercard (MA) shares might attract buyers betting on a short-term rebound. Nevertheless, in the longer term, developments related to the GENIUS bill could contribute to a continued downward trend.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Mastercard (MA) and Visa (V) Shares Decline Due to Stablecoin Bill
Yesterday, we reported that the US Senate had passed the GENIUS stablecoin bill, which establishes a legal framework for regulating the stablecoin market. This development led to a sharp rise in the share price of cryptocurrency exchange Coinbase (COIN), while simultaneously putting pressure on Mastercard (MA) and Visa (V) shares.
According to media reports, market participants are concerned that stablecoins could pose serious competition to these companies, which earn revenue primarily from transaction fees. This serves as an example of how blockchain technology, with its low-cost features and high speed, could disrupt leaders in the traditional finance sector.
Technical Analysis of Mastercard (MA) Stock Chart
In May, MA shares formed an upward trend (shown in blue), but this was already broken by a strong downward move, accompanied by a wide bearish gap in the $575–$585 range.
Near the lower boundary of the channel, a contracting triangle pattern (shown in black) can be observed – this can be interpreted as a temporary balance between buyers and sellers. However, it didn’t last long: the widening spread of bearish candles (1 and 2) indicates growing selling pressure.
It’s possible that following a drop of over 9% from the June high, Mastercard (MA) shares might attract buyers betting on a short-term rebound. Nevertheless, in the longer term, developments related to the GENIUS bill could contribute to a continued downward trend.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#oilprices #brentoil #oilindustry #MarketUpdates #MarketNews #commodities
XBR/USD Chart Analysis: Oil Price Falls After Trump’s Decision
As shown on the XBR/USD chart, the price of Brent crude oil has pulled back from yesterday’s 4.5-month high following a statement from the White House that President Donald Trump will make a decision within the next two weeks on whether the United States will take part in the Israel-Iran conflict.
According to Reuters, the US President is facing backlash from some members of his team over the prospect of launching a strike against Iran, which could drag the US into yet another prolonged war.
Technical Analysis of the XBR/USD Chart
From a technical standpoint, Brent crude oil price is developing within an upward channel (marked in blue), though several bearish signals are appearing on the chart:
→ a bearish gap that formed overnight;
→ a false bullish breakout (indicated by an arrow) above the $76.50 level, drawn from the 13 June high;
→ bearish divergence on the RSI indicator;
→ a break of the recent local ascending trendline (marked in orange).
Given the steep angle of the rising blue channel, it is reasonable to assume that bears may attempt to break through its lower boundary, which is currently acting as support. Whether this scenario materialises in the oil market will largely depend on developments in the Middle East.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
XBR/USD Chart Analysis: Oil Price Falls After Trump’s Decision
As shown on the XBR/USD chart, the price of Brent crude oil has pulled back from yesterday’s 4.5-month high following a statement from the White House that President Donald Trump will make a decision within the next two weeks on whether the United States will take part in the Israel-Iran conflict.
According to Reuters, the US President is facing backlash from some members of his team over the prospect of launching a strike against Iran, which could drag the US into yet another prolonged war.
Technical Analysis of the XBR/USD Chart
From a technical standpoint, Brent crude oil price is developing within an upward channel (marked in blue), though several bearish signals are appearing on the chart:
→ a bearish gap that formed overnight;
→ a false bullish breakout (indicated by an arrow) above the $76.50 level, drawn from the 13 June high;
→ bearish divergence on the RSI indicator;
→ a break of the recent local ascending trendline (marked in orange).
Given the steep angle of the rising blue channel, it is reasonable to assume that bears may attempt to break through its lower boundary, which is currently acting as support. Whether this scenario materialises in the oil market will largely depend on developments in the Middle East.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#MarketUpdate #FinanceNews #StockMarket #USInflation #FedPolicy #SP500 #Forex #EarningsSeason #GlobalEconomy
Market Insights with Gary Thomson: Canada Inflation, US Core Consumer Metrics, and Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode, we discuss:
🔸Inflation Rate in Canada
Canada’s inflation data on 24 June comes amid warnings from Governor Macklem about trade-related price pressures. April’s headline inflation fell, but core inflation stayed high. A hot May reading could further reduce chances of rate cuts and lift the loonie.
🔸US Durable Goods Orders
U.S. durable goods data, due 26 June, follows April’s sharp 6.3% drop after tariff impacts and fading demand. A rebound is expected—its strength could sway the dollar’s direction. Will a stronger rebound in durable goods orders boost the U.S. dollar?
🔸US PCE Price Index, Personal Income & Personal Spending
On 27 June, all eyes turn to the Fed’s favoured inflation gauge—the PCE Index—alongside U.S. personal income and spending data. Last month showed modest inflation but strong income growth, creating a mixed outlook. Surprises this time could spark market volatility. Will the latest PCE data shift expectations for Fed policy and rattle markets?
🔸Corporate Earnings Statements
This week’s diverse corporate earnings—from transport to tech and retail—offer a broad read on the U.S. economy. Key reports from FedEx, Micron, and Nike could drive sector-wide S&P 500 moves and heighten volatility.
Don’t miss out—gain insights to stay ahead in your trading journey.
https://cutt.ly/3rEEkgfE
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
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 Insights with Gary Thomson: Canada Inflation, US Core Consumer Metrics, and Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode, we discuss:
🔸Inflation Rate in Canada
Canada’s inflation data on 24 June comes amid warnings from Governor Macklem about trade-related price pressures. April’s headline inflation fell, but core inflation stayed high. A hot May reading could further reduce chances of rate cuts and lift the loonie.
🔸US Durable Goods Orders
U.S. durable goods data, due 26 June, follows April’s sharp 6.3% drop after tariff impacts and fading demand. A rebound is expected—its strength could sway the dollar’s direction. Will a stronger rebound in durable goods orders boost the U.S. dollar?
🔸US PCE Price Index, Personal Income & Personal Spending
On 27 June, all eyes turn to the Fed’s favoured inflation gauge—the PCE Index—alongside U.S. personal income and spending data. Last month showed modest inflation but strong income growth, creating a mixed outlook. Surprises this time could spark market volatility. Will the latest PCE data shift expectations for Fed policy and rattle markets?
🔸Corporate Earnings Statements
This week’s diverse corporate earnings—from transport to tech and retail—offer a broad read on the U.S. economy. Key reports from FedEx, Micron, and Nike could drive sector-wide S&P 500 moves and heighten volatility.
Don’t miss out—gain insights to stay ahead in your trading journey.
https://cutt.ly/3rEEkgfE
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
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
Market Insights with Gary Thomson: Canada Inflation, US Core Consumer Metrics, and Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode…
In this episode…
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#forextrading #commodities #oilprices #MarketNews #marketanalysis
Oil Price Surges at Monday Open Amid US Strikes on Iran
As shown on the XBR/USD chart, the Brent crude oil price formed a bullish gap at the opening of financial markets this Monday, surpassing last week’s high.
Only three days ago, we drew attention to Donald Trump’s statement that a decision regarding US involvement in the Iran-Israel conflict would be made within two weeks – yet over the weekend, US aircraft dropped bombs on Iran’s nuclear facilities.
Now oil prices are likely to be affected by Iran’s potential move to block shipping traffic through the Strait of Hormuz. According to Reuters, analysts suggest that in such a scenario, the oil price could climb to $100.
Technical Analysis of the XBR/USD Chart
The ascending channel plotted last week remains valid.
The fact that the price is pulling back (as indicated by the arrow) from the high set at the market open suggests the market had already priced in a significant risk of US involvement in the Iran-Israel military conflict.
Key points:
→ Technical support in the near term may be provided by the area where the lower boundary of the blue channel intersects with the $76 level (which acted as resistance at the end of last week).
→ Ultimately, fundamental factors and official statements will play a decisive role in oil price movements. It’s worth noting that, following the strikes on its territory, Iran is threatening retaliation against the US.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Oil Price Surges at Monday Open Amid US Strikes on Iran
As shown on the XBR/USD chart, the Brent crude oil price formed a bullish gap at the opening of financial markets this Monday, surpassing last week’s high.
Only three days ago, we drew attention to Donald Trump’s statement that a decision regarding US involvement in the Iran-Israel conflict would be made within two weeks – yet over the weekend, US aircraft dropped bombs on Iran’s nuclear facilities.
Now oil prices are likely to be affected by Iran’s potential move to block shipping traffic through the Strait of Hormuz. According to Reuters, analysts suggest that in such a scenario, the oil price could climb to $100.
Technical Analysis of the XBR/USD Chart
The ascending channel plotted last week remains valid.
The fact that the price is pulling back (as indicated by the arrow) from the high set at the market open suggests the market had already priced in a significant risk of US involvement in the Iran-Israel military conflict.
Key points:
→ Technical support in the near term may be provided by the area where the lower boundary of the blue channel intersects with the $76 level (which acted as resistance at the end of last week).
→ Ultimately, fundamental factors and official statements will play a decisive role in oil price movements. It’s worth noting that, following the strikes on its territory, Iran is threatening retaliation against the US.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#stockmarket #stocktrading #sp500 #MarketNews #marketanalysis
Stock Markets Rebound Following Trump’s Ceasefire Announcement
Last night, U.S. President Donald Trump made a social media post announcing a ceasefire agreement between Iran and Israel. According to his own words, the ceasefire is set to last “forever.” This announcement triggered a sharp bullish impulse (indicated by the blue arrow) on the S&P 500 index chart (US SPX 500 mini on FXOpen), pushing the price to a new high above the 6074 level.
Just yesterday, traders feared that the United States could be drawn into yet another costly war following bomber strikes on Iran’s nuclear facilities. However, today the stock markets are recovering, signalling growing optimism and a waning of fears over a major escalation of the conflict.
Technical Analysis of the S&P 500 Chart
When analysing the S&P 500 index chart (US SPX 500 mini on FXOpen) seven days ago, we identified an ascending channel. The angle of the trend remains relevant, while the width of the channel has expanded due to the downward movement caused by tensions in the Middle East.
Notably:
→ the price marked the lower boundary of the channel as well as the internal lines (shown by black dots) dividing the channel into quarters;
→ the latest bullish impulse suggests that the upward trend is resuming after breaking out of the correction phase (indicated by red lines).
It is possible that in the near future, the S&P 500 index (US SPX 500 mini on FXOpen) could reach the median line of the channel. There, the price may consolidate, reflecting a balance between buyers and sellers—particularly if the peace in the Middle East proves to be lasting.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Stock Markets Rebound Following Trump’s Ceasefire Announcement
Last night, U.S. President Donald Trump made a social media post announcing a ceasefire agreement between Iran and Israel. According to his own words, the ceasefire is set to last “forever.” This announcement triggered a sharp bullish impulse (indicated by the blue arrow) on the S&P 500 index chart (US SPX 500 mini on FXOpen), pushing the price to a new high above the 6074 level.
Just yesterday, traders feared that the United States could be drawn into yet another costly war following bomber strikes on Iran’s nuclear facilities. However, today the stock markets are recovering, signalling growing optimism and a waning of fears over a major escalation of the conflict.
Technical Analysis of the S&P 500 Chart
When analysing the S&P 500 index chart (US SPX 500 mini on FXOpen) seven days ago, we identified an ascending channel. The angle of the trend remains relevant, while the width of the channel has expanded due to the downward movement caused by tensions in the Middle East.
Notably:
→ the price marked the lower boundary of the channel as well as the internal lines (shown by black dots) dividing the channel into quarters;
→ the latest bullish impulse suggests that the upward trend is resuming after breaking out of the correction phase (indicated by red lines).
It is possible that in the near future, the S&P 500 index (US SPX 500 mini on FXOpen) could reach the median line of the channel. There, the price may consolidate, reflecting a balance between buyers and sellers—particularly if the peace in the Middle East proves to be lasting.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#tsla #tesla #stocktrading #stocktrading
Launch of Robotaxi Service Boosts Tesla (TSLA) Share Price by Over 8%
As previously announced by Elon Musk, Tesla has launched its robotaxi service in Austin, Texas. The cost of a ride is $4.20.
The service is not yet fully operational. It is more of an extended testing phase, as access is currently by invitation only, and a Tesla employee may be present in the back seat.
Nevertheless, the market responded positively — Tesla (TSLA) shares rose by more than 8% (comparing the closing prices of daily candlesticks).
Technical Analysis of TSLA Share Price Chart
In our 11 June publication, we:
→ identified an ascending channel;
→ highlighted the May support level (marked with an arrow), suggesting it could act as resistance following a bearish breakout.
Since then:
→ the channel has remained relevant;
→ the aforementioned level acted as resistance but was broken by the bulls yesterday.
As a result, the TSLA share price has reached the median of the current ascending channel, where it may find equilibrium and form a consolidation zone once the initial positive reaction to the robotaxi launch subsides.
It is also worth noting the stock’s resilience following Elon Musk’s controversy with President Trump — the price has already risen more than 28% from the June low, indicating the potential for a scenario in which resistance at $365 is tested.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Launch of Robotaxi Service Boosts Tesla (TSLA) Share Price by Over 8%
As previously announced by Elon Musk, Tesla has launched its robotaxi service in Austin, Texas. The cost of a ride is $4.20.
The service is not yet fully operational. It is more of an extended testing phase, as access is currently by invitation only, and a Tesla employee may be present in the back seat.
Nevertheless, the market responded positively — Tesla (TSLA) shares rose by more than 8% (comparing the closing prices of daily candlesticks).
Technical Analysis of TSLA Share Price Chart
In our 11 June publication, we:
→ identified an ascending channel;
→ highlighted the May support level (marked with an arrow), suggesting it could act as resistance following a bearish breakout.
Since then:
→ the channel has remained relevant;
→ the aforementioned level acted as resistance but was broken by the bulls yesterday.
As a result, the TSLA share price has reached the median of the current ascending channel, where it may find equilibrium and form a consolidation zone once the initial positive reaction to the robotaxi launch subsides.
It is also worth noting the stock’s resilience following Elon Musk’s controversy with President Trump — the price has already risen more than 28% from the June low, indicating the potential for a scenario in which resistance at $365 is tested.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
👍2
#stockmarket #stocktrading #MarketNews #marketanalysis
Coinbase (COIN) Shares Hit Year-to-Date High
As we reported six days ago, shares of Coinbase Global (COIN) received a strong bullish boost after the US Senate approved the GENIUS bill, which sets out regulations for the use of stablecoins.
As the Coinbase Global (COIN) stock chart shows, the rally is ongoing. Yesterday, the price surged by over 12%, once again becoming the top performer in the S&P 500 index (US SPX 500 mini on FXOpen).
Bullish sentiment is being fuelled by news that:
→ Two funds managed by Cathie Wood’s Ark Invest acquired around 4,200 Coinbase shares;
→ Analysts at Benchmark raised their target price for Coinbase Global (COIN) from $301 to $421.
Could the COIN share price continue to rise?
Technical Analysis of the Coinbase (COIN) Stock Chart
From a broader perspective, the COIN share price has formed an ascending channel over the past year (marked in grey), and only once — in reaction to news about Trump tariffs — did the price briefly fall outside of this channel.
Based on this, it is reasonable to assume that the developing intermediate rally (highlighted in blue) could reach the upper boundary of the grey channel. However, the psychological level of $350 — near the 2024 peak — appears to be a significant resistance point on this path.
It is possible that we will soon see this level act as resistance on the COIN stock chart, leading to the formation of a correction — which would seem appropriate after a nearly 40% price increase since the start of the month.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Coinbase (COIN) Shares Hit Year-to-Date High
As we reported six days ago, shares of Coinbase Global (COIN) received a strong bullish boost after the US Senate approved the GENIUS bill, which sets out regulations for the use of stablecoins.
As the Coinbase Global (COIN) stock chart shows, the rally is ongoing. Yesterday, the price surged by over 12%, once again becoming the top performer in the S&P 500 index (US SPX 500 mini on FXOpen).
Bullish sentiment is being fuelled by news that:
→ Two funds managed by Cathie Wood’s Ark Invest acquired around 4,200 Coinbase shares;
→ Analysts at Benchmark raised their target price for Coinbase Global (COIN) from $301 to $421.
Could the COIN share price continue to rise?
Technical Analysis of the Coinbase (COIN) Stock Chart
From a broader perspective, the COIN share price has formed an ascending channel over the past year (marked in grey), and only once — in reaction to news about Trump tariffs — did the price briefly fall outside of this channel.
Based on this, it is reasonable to assume that the developing intermediate rally (highlighted in blue) could reach the upper boundary of the grey channel. However, the psychological level of $350 — near the 2024 peak — appears to be a significant resistance point on this path.
It is possible that we will soon see this level act as resistance on the COIN stock chart, leading to the formation of a correction — which would seem appropriate after a nearly 40% price increase since the start of the month.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
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This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#oilprices #oilindustry #commodities #MarketNews
Oil Price Falls Below Pre-Escalation Levels of Middle East Conflict
According to the XBR/USD chart:
→ Prior to Israel’s airstrikes on Iran on 13 June, the price of Brent crude was hovering around the $69.00 mark;
→ Following US bombings in Iran, the price spiked at the Monday market open, reaching a high of approximately $77.77 (as we reported on 23 June).
However, after President Trump announced a ceasefire between Iran and Israel — later confirmed by statements from both sides — oil prices dropped sharply. This morning, Brent is trading around $68, which is even lower than the level seen before the initial strikes.
Media outlets report that analysts broadly agree that fears have eased, even if the ceasefire appears fragile. Market participants seem to view the likelihood of the conflict escalating into a full-scale ground war — involving US troops and the closure of the Strait of Hormuz — as low. Shipping through the strait is reportedly returning to normal.
Technical Analysis of the XBR/USD Chart
Interestingly, the $69 level — from which prices surged on 13 June — acted as resistance yesterday (as indicated by the arrow on the chart).
It can be assumed that the longer the ceasefire holds, the less relevant the fears that have served as bullish drivers. In that case, Brent crude prices may continue fluctuating within a downward channel, outlined in red, with the possibility of a short-term rise toward its upper boundary.
Nevertheless, the key drivers for oil prices will remain the fundamental backdrop and official statements regarding the situation in the Middle East and other geopolitical factors.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Oil Price Falls Below Pre-Escalation Levels of Middle East Conflict
According to the XBR/USD chart:
→ Prior to Israel’s airstrikes on Iran on 13 June, the price of Brent crude was hovering around the $69.00 mark;
→ Following US bombings in Iran, the price spiked at the Monday market open, reaching a high of approximately $77.77 (as we reported on 23 June).
However, after President Trump announced a ceasefire between Iran and Israel — later confirmed by statements from both sides — oil prices dropped sharply. This morning, Brent is trading around $68, which is even lower than the level seen before the initial strikes.
Media outlets report that analysts broadly agree that fears have eased, even if the ceasefire appears fragile. Market participants seem to view the likelihood of the conflict escalating into a full-scale ground war — involving US troops and the closure of the Strait of Hormuz — as low. Shipping through the strait is reportedly returning to normal.
Technical Analysis of the XBR/USD Chart
Interestingly, the $69 level — from which prices surged on 13 June — acted as resistance yesterday (as indicated by the arrow on the chart).
It can be assumed that the longer the ceasefire holds, the less relevant the fears that have served as bullish drivers. In that case, Brent crude prices may continue fluctuating within a downward channel, outlined in red, with the possibility of a short-term rise toward its upper boundary.
Nevertheless, the key drivers for oil prices will remain the fundamental backdrop and official statements regarding the situation in the Middle East and other geopolitical factors.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#stockmarket #stocktrading #MarketUpdates #MarketNews #NASDAQ
Nasdaq 100: A New All-Time High
As shown on the Nasdaq 100 chart (US Tech 100 mini on FXOpen), the value of the technology stock index has risen above its February peak, setting a new historical high.
Bullish sentiment may be supported by:
→ Easing concerns over potential US involvement in a Middle East war, as the ceasefire between Israel and Iran remains in effect.
→ Media reports suggesting that Donald Trump is considering replacing Federal Reserve Chair Jerome Powell by September or October, in an effort to influence a rate cut that could accelerate economic growth (though this also raises the risk of a new inflationary wave).
Technical Analysis of the Nasdaq 100 Chart
Price fluctuations in May and June have formed an ascending channel (highlighted in blue), with the following observations:
→ The decline (marked by red lines) appears to be an interim correction forming a bullish flag pattern;
→ The 22K level, which acted as resistance mid-month, was breached by a strong bullish impulse (indicated by the arrow) from the week's low.
This leaves the market vulnerable to a potential correction, which seems possible given:
→ Proximity to the upper boundary of the ascending channel;
→ Overbought conditions indicated by the RSI.
If the market corrects, a retest of the 22K level may happen.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Nasdaq 100: A New All-Time High
As shown on the Nasdaq 100 chart (US Tech 100 mini on FXOpen), the value of the technology stock index has risen above its February peak, setting a new historical high.
Bullish sentiment may be supported by:
→ Easing concerns over potential US involvement in a Middle East war, as the ceasefire between Israel and Iran remains in effect.
→ Media reports suggesting that Donald Trump is considering replacing Federal Reserve Chair Jerome Powell by September or October, in an effort to influence a rate cut that could accelerate economic growth (though this also raises the risk of a new inflationary wave).
Technical Analysis of the Nasdaq 100 Chart
Price fluctuations in May and June have formed an ascending channel (highlighted in blue), with the following observations:
→ The decline (marked by red lines) appears to be an interim correction forming a bullish flag pattern;
→ The 22K level, which acted as resistance mid-month, was breached by a strong bullish impulse (indicated by the arrow) from the week's low.
This leaves the market vulnerable to a potential correction, which seems possible given:
→ Proximity to the upper boundary of the ascending channel;
→ Overbought conditions indicated by the RSI.
If the market corrects, a retest of the 22K level may happen.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#nvidia #NVDA #stockmarket #stocktrading #MarketNews
Nvidia (NVDA) Share Price Soars to Record High
Yesterday, Nvidia’s (NVDA) share price surged by over 4%, with the following key developments:
→ It broke through the psychological $150 per share level;
→ It reached a new all-time high;
→ It also contributed to the Nasdaq 100 index hitting a record peak, as we reported earlier this morning.
As a result, Nvidia has reclaimed its status as the world’s most valuable company. Demand for its shares is being fuelled by the CEO’s optimism.
“We have many growth opportunities across our company, with AI and robotics the two largest, representing a multitrillion-dollar growth opportunity,” said Jensen Huang at Nvidia’s annual investor conference.
Technical Analysis of the NVDA Chart
The last three candlesticks reflect strong demand, as:
→ There are bullish gaps between the candles;
→ Lower wicks are either absent or minimal;
→ Candles are closing near their highs with progressively widening spreads.
This suggests strong momentum as the price confidently breaks through the key $150 resistance level. It is reasonable to assume that the current imbalance in favour of buyers around the $146–150 area (highlighted in purple) may form a support zone in the event of a pullback — for instance, within the existing upward channel (shown in blue).
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Nvidia (NVDA) Share Price Soars to Record High
Yesterday, Nvidia’s (NVDA) share price surged by over 4%, with the following key developments:
→ It broke through the psychological $150 per share level;
→ It reached a new all-time high;
→ It also contributed to the Nasdaq 100 index hitting a record peak, as we reported earlier this morning.
As a result, Nvidia has reclaimed its status as the world’s most valuable company. Demand for its shares is being fuelled by the CEO’s optimism.
“We have many growth opportunities across our company, with AI and robotics the two largest, representing a multitrillion-dollar growth opportunity,” said Jensen Huang at Nvidia’s annual investor conference.
Technical Analysis of the NVDA Chart
The last three candlesticks reflect strong demand, as:
→ There are bullish gaps between the candles;
→ Lower wicks are either absent or minimal;
→ Candles are closing near their highs with progressively widening spreads.
This suggests strong momentum as the price confidently breaks through the key $150 resistance level. It is reasonable to assume that the current imbalance in favour of buyers around the $146–150 area (highlighted in purple) may form a support zone in the event of a pullback — for instance, within the existing upward channel (shown in blue).
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#EURUSD #forextrading #tradingtips #marketanalysis
EUR/USD Pair Hits Yearly High
Yesterday, the EUR/USD exchange rate rose above the 1.1700 level for the first time this year. The last time one euro was worth more than 1.70 US dollars was in autumn 2019.
The main driver behind the euro’s rise is the weakening dollar, largely due to decisions made by the Trump administration. This week alone, the EUR/USD pair has gained more than 2%, partly as a result of escalating tensions between the US President and the Chair of the Federal Reserve.
According to Reuters, Trump called Powell “terrible” and said he had three or four candidates in mind for the top job at the Fed. It was also reported that Trump had considered selecting and announcing a replacement for Powell by September or October (his current term officially runs until May 2026).
Technical Analysis of the EUR/USD Chart
Price movements are forming an upward channel (highlighted in blue), with the following observations:
→ Midweek, the price consolidated around the channel’s median line (as indicated by arrow 1);
→ It then broke through the 1.6300 level with strong bullish momentum (shown by arrow 2), a level that had acted as resistance earlier in the month;
→ The long upper wicks on the candles forming yesterday’s highs (circled) suggest increased selling pressure near the upper boundary of the channel.
Given this, we could assume that in the short term, the price might form a new consolidation zone around the median line above the 1.6300 level. Significant fundamental catalysts would be required to break the developing upward trend.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
EUR/USD Pair Hits Yearly High
Yesterday, the EUR/USD exchange rate rose above the 1.1700 level for the first time this year. The last time one euro was worth more than 1.70 US dollars was in autumn 2019.
The main driver behind the euro’s rise is the weakening dollar, largely due to decisions made by the Trump administration. This week alone, the EUR/USD pair has gained more than 2%, partly as a result of escalating tensions between the US President and the Chair of the Federal Reserve.
According to Reuters, Trump called Powell “terrible” and said he had three or four candidates in mind for the top job at the Fed. It was also reported that Trump had considered selecting and announcing a replacement for Powell by September or October (his current term officially runs until May 2026).
Technical Analysis of the EUR/USD Chart
Price movements are forming an upward channel (highlighted in blue), with the following observations:
→ Midweek, the price consolidated around the channel’s median line (as indicated by arrow 1);
→ It then broke through the 1.6300 level with strong bullish momentum (shown by arrow 2), a level that had acted as resistance earlier in the month;
→ The long upper wicks on the candles forming yesterday’s highs (circled) suggest increased selling pressure near the upper boundary of the channel.
Given this, we could assume that in the short term, the price might form a new consolidation zone around the median line above the 1.6300 level. Significant fundamental catalysts would be required to break the developing upward trend.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#stockmarket #stocktrading # nikkei225 #MarketNews
Nikkei 225 Index Rises Above 40,000 Points
As the chart shows, the Nikkei 225 stock index (Japan 225 on FXOpen) has risen above the psychological level of 40,000 points — for the first time in five months.
Bullish drivers include:
→ Reduced geopolitical risks. A ceasefire between Iran and Israel has boosted market sentiment, with stock indices rising both on Wall Street (yesterday the Nasdaq 100 hit a new all-time high) and in Japan.
→ Easing fears of a prolonged trade war. White House Press Secretary Karoline Leavitt noted that the timeline for implementing tariffs is flexible and could be extended.
→ Economic news. Recent data shows that inflation in Japan has slowed for the first time in four months: the core consumer price index fell to 3.1% from 3.6% in May.
Technical Analysis of the Nikkei 225 Chart
Price movements are forming an upward channel (highlighted in blue), but the market appears vulnerable to a pullback, as suggested by:
→ proximity to the upper boundary of the channel;
→ overbought conditions indicated by the RSI.
If a pullback develops, it will provide yet another example of how the price failed to hold above the psychological level of 40,000 — something we've seen repeatedly since October 2024, and we've been pointing out this pattern for quite some time.
Therefore, we might witness another false breakout above the 40K level on the Nikkei 225 (Japan 225 on FXOpen), followed by a retreat deeper into the blue channel — potentially towards its median line.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
Nikkei 225 Index Rises Above 40,000 Points
As the chart shows, the Nikkei 225 stock index (Japan 225 on FXOpen) has risen above the psychological level of 40,000 points — for the first time in five months.
Bullish drivers include:
→ Reduced geopolitical risks. A ceasefire between Iran and Israel has boosted market sentiment, with stock indices rising both on Wall Street (yesterday the Nasdaq 100 hit a new all-time high) and in Japan.
→ Easing fears of a prolonged trade war. White House Press Secretary Karoline Leavitt noted that the timeline for implementing tariffs is flexible and could be extended.
→ Economic news. Recent data shows that inflation in Japan has slowed for the first time in four months: the core consumer price index fell to 3.1% from 3.6% in May.
Technical Analysis of the Nikkei 225 Chart
Price movements are forming an upward channel (highlighted in blue), but the market appears vulnerable to a pullback, as suggested by:
→ proximity to the upper boundary of the channel;
→ overbought conditions indicated by the RSI.
If a pullback develops, it will provide yet another example of how the price failed to hold above the psychological level of 40,000 — something we've seen repeatedly since October 2024, and we've been pointing out this pattern for quite some time.
Therefore, we might witness another false breakout above the 40K level on the Nikkei 225 (Japan 225 on FXOpen), followed by a retreat deeper into the blue channel — potentially towards its median line.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#XAUUSD #goldprice #commodities #MarketNews #marketanalysis
XAU/USD Chart Analysis: Price Retreats to Monthly Low
In mid-June 2025, demand for gold surged following reports of exchanged strikes between Israel and Iran, along with US bombings of Iran's nuclear facilities. As a so-called safe-haven asset, gold prices climbed towards $3,430.
However, by the final day of June, the XAU/USD chart shows that gold had retreated to around $3,250, marking the lowest level in a month.
Why Is the Gold Price Falling?
On one hand, this reflects easing tensions in the Middle East, as a ceasefire—albeit fragile—between Israel and Iran remains in place.
On the other hand, the risk of trade wars is also diminishing. According to media reports:
→ President Donald Trump announced last week that the United States had signed a trade agreement with China and hinted that a “very major” deal with India would follow soon.
→ The US is also close to concluding agreements with Mexico and Vietnam, while negotiations with Japan and many other countries are ongoing.
Technical Analysis of the XAU/USD Chart
Looking at the broader picture, it is worth noting that gold prices in 2025 continue to move within a long-term upward channel (shown in blue), with the following key observations:
→ The channel’s median line acted as resistance (indicated by arrow 1);
→ The line dividing the lower half of the channel in half also showed signs of resistance (indicated by arrow 2).
Now, gold is trading near the lower boundary of the channel – a key support level within the multi-month uptrend. Demand may begin to strengthen here, with long lower wicks on candles on the lower timeframes supporting this view.
A rebound from the lower boundary is possible in early July, but how strong might it be? Note that bears have taken control of the $3,345 level (which has now flipped from support to resistance), and there are signs of a triple top pattern (A-B-C) forming near the $3,430 resistance. This raises the risk of a bearish breakout from the ascending channel.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
XAU/USD Chart Analysis: Price Retreats to Monthly Low
In mid-June 2025, demand for gold surged following reports of exchanged strikes between Israel and Iran, along with US bombings of Iran's nuclear facilities. As a so-called safe-haven asset, gold prices climbed towards $3,430.
However, by the final day of June, the XAU/USD chart shows that gold had retreated to around $3,250, marking the lowest level in a month.
Why Is the Gold Price Falling?
On one hand, this reflects easing tensions in the Middle East, as a ceasefire—albeit fragile—between Israel and Iran remains in place.
On the other hand, the risk of trade wars is also diminishing. According to media reports:
→ President Donald Trump announced last week that the United States had signed a trade agreement with China and hinted that a “very major” deal with India would follow soon.
→ The US is also close to concluding agreements with Mexico and Vietnam, while negotiations with Japan and many other countries are ongoing.
Technical Analysis of the XAU/USD Chart
Looking at the broader picture, it is worth noting that gold prices in 2025 continue to move within a long-term upward channel (shown in blue), with the following key observations:
→ The channel’s median line acted as resistance (indicated by arrow 1);
→ The line dividing the lower half of the channel in half also showed signs of resistance (indicated by arrow 2).
Now, gold is trading near the lower boundary of the channel – a key support level within the multi-month uptrend. Demand may begin to strengthen here, with long lower wicks on candles on the lower timeframes supporting this view.
A rebound from the lower boundary is possible in early July, but how strong might it be? Note that bears have taken control of the $3,345 level (which has now flipped from support to resistance), and there are signs of a triple top pattern (A-B-C) forming near the $3,430 resistance. This raises the risk of a bearish breakout from the ascending channel.
Start trading commodities with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#sp500 #stocktrading #stockmarket #MarketNews
S&P 500 Sets New All-Time High, Surges Above 6200
The S&P 500 index (US SPX 500 mini on FXOpen) started the week by reaching a fresh all-time high. As shown on the chart, the index hit 6,210 points earlier this morning.
In addition to a reduced risk of US involvement in a large-scale war in the Middle East, market optimism has been fuelled by:
→ Tariff-related news. Last week, the US President announced the signing of a trade deal with China, while Treasury Secretary Scott Bessent expressed hope that the US would conclude trade negotiations with over a dozen countries by early September.
→ Strong corporate performance. On Friday, Nike (NKE) shares led the stock market, rising by more than 15% following an earnings report that exceeded analysts’ expectations. This could be boosting investor sentiment ahead of the upcoming earnings season.
Technical Analysis of the S&P 500 Chart
Evaluating the 4-hour chart of the S&P 500 index (US SPX 500 mini on FXOpen) in the context of June’s price movements reveals key reference points (marked on the chart) that outline an ascending channel. A consolidation zone, marked with an arrow, highlights a temporary equilibrium between supply and demand—after which buyers gained the upper hand, pushing the price upward.
It is possible that the ongoing bullish momentum could carry the price toward the upper boundary of the channel. However, attention should be paid to the RSI indicator, which suggests the market is heavily overbought; in fact, Friday’s reading marked the highest level of the year. In such conditions, a price correction cannot be ruled out—potentially back toward the local ascending trendline (shown in orange).
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
S&P 500 Sets New All-Time High, Surges Above 6200
The S&P 500 index (US SPX 500 mini on FXOpen) started the week by reaching a fresh all-time high. As shown on the chart, the index hit 6,210 points earlier this morning.
In addition to a reduced risk of US involvement in a large-scale war in the Middle East, market optimism has been fuelled by:
→ Tariff-related news. Last week, the US President announced the signing of a trade deal with China, while Treasury Secretary Scott Bessent expressed hope that the US would conclude trade negotiations with over a dozen countries by early September.
→ Strong corporate performance. On Friday, Nike (NKE) shares led the stock market, rising by more than 15% following an earnings report that exceeded analysts’ expectations. This could be boosting investor sentiment ahead of the upcoming earnings season.
Technical Analysis of the S&P 500 Chart
Evaluating the 4-hour chart of the S&P 500 index (US SPX 500 mini on FXOpen) in the context of June’s price movements reveals key reference points (marked on the chart) that outline an ascending channel. A consolidation zone, marked with an arrow, highlights a temporary equilibrium between supply and demand—after which buyers gained the upper hand, pushing the price upward.
It is possible that the ongoing bullish momentum could carry the price toward the upper boundary of the channel. However, attention should be paid to the RSI indicator, which suggests the market is heavily overbought; in fact, Friday’s reading marked the highest level of the year. In such conditions, a price correction cannot be ruled out—potentially back toward the local ascending trendline (shown in orange).
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#Inflation #InterestRates #FederalReserve #NonfarmPayrolls #ECB #USDollar #Macroeconomics #JobsReport #GlobalMarkets
Market Insights with Gary Thomson: Eurozone Inflation, US Jobs, ISM PMIs, ECB Forum Updates
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode, we discuss:
🔸Euro Area Inflation Rate YoY Flash
Eurozone inflation cooled in May, falling below the ECB’s 2% target for the first time since 2024, prompting a rate cut. Markets await the June flash report on 1 July to see if the trend holds, with core inflation and geopolitical risks in focus. Will the upcoming data confirm continued disinflation, or could a surprise reading unsettle markets again?
🔸US Nonfarm Payrolls and Unemployment Rate
The U.S. June Nonfarm Payrolls and unemployment rate are due on 3 July. May’s report showed modest job gains and a steady 4.2% unemployment rate, supporting the dollar and easing pressure on the Fed. Markets will watch closely as Trump continues to push for rate cuts. Will June’s data strengthen the dollar or fuel demands for more easing?
🔸US ISM Manufacturing and Services PMI
The U.S. ISM Manufacturing and Services PMIs will be released on 1 and 3 July. May’s reports showed deeper contractions in both sectors and persistent price pressures, highlighting economic uncertainty under Trump’s trade policies. Will June’s PMIs show signs of stabilisation or signal further weakness ahead?
🔸ECB Forum on Central Banking
The ECB Forum runs from 30 June to 2 July, with Powell, Lagarde, and Bailey likely to weigh in on inflation and rates.
Note: U.S. markets may see thin trading ahead of the 4 July holiday, raising volatility risks.
Don’t miss out—gain insights to stay ahead in your trading journey.
https://cutt.ly/zrTyVOfS
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
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 Insights with Gary Thomson: Eurozone Inflation, US Jobs, ISM PMIs, ECB Forum Updates
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode, we discuss:
🔸Euro Area Inflation Rate YoY Flash
Eurozone inflation cooled in May, falling below the ECB’s 2% target for the first time since 2024, prompting a rate cut. Markets await the June flash report on 1 July to see if the trend holds, with core inflation and geopolitical risks in focus. Will the upcoming data confirm continued disinflation, or could a surprise reading unsettle markets again?
🔸US Nonfarm Payrolls and Unemployment Rate
The U.S. June Nonfarm Payrolls and unemployment rate are due on 3 July. May’s report showed modest job gains and a steady 4.2% unemployment rate, supporting the dollar and easing pressure on the Fed. Markets will watch closely as Trump continues to push for rate cuts. Will June’s data strengthen the dollar or fuel demands for more easing?
🔸US ISM Manufacturing and Services PMI
The U.S. ISM Manufacturing and Services PMIs will be released on 1 and 3 July. May’s reports showed deeper contractions in both sectors and persistent price pressures, highlighting economic uncertainty under Trump’s trade policies. Will June’s PMIs show signs of stabilisation or signal further weakness ahead?
🔸ECB Forum on Central Banking
The ECB Forum runs from 30 June to 2 July, with Powell, Lagarde, and Bailey likely to weigh in on inflation and rates.
Note: U.S. markets may see thin trading ahead of the 4 July holiday, raising volatility risks.
Don’t miss out—gain insights to stay ahead in your trading journey.
https://cutt.ly/zrTyVOfS
To take advantage of price fluctuations in the foreign exchange markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
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Market Insights with Gary Thomson: Eurozone Inflation, US Jobs, ISM PMIs, ECB Forum Updates
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode…
In this episode…
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#usdchf #forextrading #tradingtips #forexmarket #MarketNews
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, largely due to the conflicting trade policies pursued by the Trump administration. On the other hand, geopolitical instability has increased the appeal of the Swiss franc as a so-called safe-haven asset.
Technical Analysis of the USD/CHF Chart
Since mid-May, price fluctuations have formed a downward channel (marked in red), and by the end of June the rate had stabilised around the psychological threshold of 0.8000 (indicated by an arrow) — right at the median of the channel.
However, this balance between supply and demand proved temporary, tipping in favour of sellers. As a result, we now see a decline in USD/CHF along a steep trajectory (marked in black), potentially targeting the lower boundary of the red channel — which suggests a possible move down to 0.7800 USD per franc. Along this path, support may come from the 1.618 Fibonacci extension level (0.7875); note how the 0.8055 level previously acted as support (marked with a blue arrow).
The RSI indicator confirms strong selling pressure — but will the bearish trend continue?
Much will depend on the broader fundamental context. As reported by the Wall Street Journal, the sharp strengthening of the franc against the dollar is causing growing concern at the Swiss National Bank (SNB), as an overly strong franc harms Swiss exporters. This suggests that the current market sentiment could shift dramatically if the SNB issues any relevant statements.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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, largely due to the conflicting trade policies pursued by the Trump administration. On the other hand, geopolitical instability has increased the appeal of the Swiss franc as a so-called safe-haven asset.
Technical Analysis of the USD/CHF Chart
Since mid-May, price fluctuations have formed a downward channel (marked in red), and by the end of June the rate had stabilised around the psychological threshold of 0.8000 (indicated by an arrow) — right at the median of the channel.
However, this balance between supply and demand proved temporary, tipping in favour of sellers. As a result, we now see a decline in USD/CHF along a steep trajectory (marked in black), potentially targeting the lower boundary of the red channel — which suggests a possible move down to 0.7800 USD per franc. Along this path, support may come from the 1.618 Fibonacci extension level (0.7875); note how the 0.8055 level previously acted as support (marked with a blue arrow).
The RSI indicator confirms strong selling pressure — but will the bearish trend continue?
Much will depend on the broader fundamental context. As reported by the Wall Street Journal, the sharp strengthening of the franc against the dollar is causing growing concern at the Swiss National Bank (SNB), as an overly strong franc harms Swiss exporters. This suggests that the current market sentiment could shift dramatically if the SNB issues any relevant statements.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#stockmarket #tsla #tesla #ElonMusk #Trump #MarketNews
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 post on X, Musk wrote:
“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth.”
He also reiterated his intention to establish a third political force under the name “America Party.”
In response, President Trump issued sharp threats:
→ to apply federal pressure on Musk’s companies by revisiting existing subsidies and government contracts (estimated by The Washington Post at $38 billion);
→ to deport Musk back to South Africa.
The market responded immediately to this renewed escalation in the Trump–Musk conflict. Tesla (TSLA) shares fell by over 5% yesterday, forming a significant bearish gap.
Technical Analysis of TSLA Stock Chart
Eight days ago, we analysed the TSLA price chart, continuing to observe price action within the context of an ascending channel (indicated in blue). At that point:
→ In mid-June, when the initial Musk–Trump tensions surfaced, TSLA managed to hold within the channel. However, as of yesterday, the price broke below the lower boundary, casting doubt on the sustainability of the uptrend that had been in place since March–April;
→ The price breached the lower channel limit near the $315 level — a zone that previously acted as support. This suggests that $315 may now serve as a resistance level.
As a result, optimism related to the late-June launch of Tesla’s robotaxi initiative has been eclipsed by concerns that the Musk–Trump confrontation may have broader implications.
If the former allies refrain from further escalation, TSLA may consolidate into a broadening contracting triangle (its upper boundary marked in red) in the near term, ahead of Tesla’s Q2 earnings release scheduled for 29 July.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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 post on X, Musk wrote:
“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth.”
He also reiterated his intention to establish a third political force under the name “America Party.”
In response, President Trump issued sharp threats:
→ to apply federal pressure on Musk’s companies by revisiting existing subsidies and government contracts (estimated by The Washington Post at $38 billion);
→ to deport Musk back to South Africa.
The market responded immediately to this renewed escalation in the Trump–Musk conflict. Tesla (TSLA) shares fell by over 5% yesterday, forming a significant bearish gap.
Technical Analysis of TSLA Stock Chart
Eight days ago, we analysed the TSLA price chart, continuing to observe price action within the context of an ascending channel (indicated in blue). At that point:
→ In mid-June, when the initial Musk–Trump tensions surfaced, TSLA managed to hold within the channel. However, as of yesterday, the price broke below the lower boundary, casting doubt on the sustainability of the uptrend that had been in place since March–April;
→ The price breached the lower channel limit near the $315 level — a zone that previously acted as support. This suggests that $315 may now serve as a resistance level.
As a result, optimism related to the late-June launch of Tesla’s robotaxi initiative has been eclipsed by concerns that the Musk–Trump confrontation may have broader implications.
If the former allies refrain from further escalation, TSLA may consolidate into a broadening contracting triangle (its upper boundary marked in red) in the near term, ahead of Tesla’s Q2 earnings release scheduled for 29 July.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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#EURUSD #forexmarket #tradingforex #MarketNews #marketanalysis
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 Central Bank have expressed concern that the rapid strengthening of the euro could undermine efforts to stabilise inflation at 2%. They warn that a move above $1.20 may pose risks for inflation and the competitiveness of export-oriented firms — an issue raised during the ECB’s ongoing ECB Forum on Central Banking in Portugal.
Could EUR/USD Reach the $1.20 Level?
From a technical analysis perspective, EUR/USD is showing bearish signals:
→ If the early April rally (coinciding with Trump’s announcement of new tariffs) is taken as the initial impulse wave A→B, and the May low is interpreted as the end of the B→C corrective move, then, according to Fibonacci Extensions, the pair has now risen to a key resistance zone around 1.1850 (as indicated by the arrow on the chart).
→ In addition, the RSI indicator signals strong overbought conditions, while the price is hovering near the upper boundary of the ascending channel — a level that typically acts as resistance.
Given these factors, we could assume that EUR/USD may be in a vulnerable position, potentially facing a short-term correction — possibly towards the lower boundary of the channel, reinforced by support at the 1.1620 level. However, this does not negate the longer-term bullish outlook for the euro amid prevailing fundamental conditions.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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 Central Bank have expressed concern that the rapid strengthening of the euro could undermine efforts to stabilise inflation at 2%. They warn that a move above $1.20 may pose risks for inflation and the competitiveness of export-oriented firms — an issue raised during the ECB’s ongoing ECB Forum on Central Banking in Portugal.
Could EUR/USD Reach the $1.20 Level?
From a technical analysis perspective, EUR/USD is showing bearish signals:
→ If the early April rally (coinciding with Trump’s announcement of new tariffs) is taken as the initial impulse wave A→B, and the May low is interpreted as the end of the B→C corrective move, then, according to Fibonacci Extensions, the pair has now risen to a key resistance zone around 1.1850 (as indicated by the arrow on the chart).
→ In addition, the RSI indicator signals strong overbought conditions, while the price is hovering near the upper boundary of the ascending channel — a level that typically acts as resistance.
Given these factors, we could assume that EUR/USD may be in a vulnerable position, potentially facing a short-term correction — possibly towards the lower boundary of the channel, reinforced by support at the 1.1620 level. However, this does not negate the longer-term bullish outlook for the euro amid prevailing fundamental conditions.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This article represents the opinion of the Companies operating under the FXOpen brand only. 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.
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