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The Hang Seng Index Has risen by Over 13% in 2 Weeks Analyzing the Hang Seng (HSI) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995. According to Reuters, Goldman Sachs representatives noted in a client note that hedge funds were actively buying Chinese stocks – the period from January 23 to 25 saw the largest capital inflow in 5 years. As of the beginning of May, price action suggests that hedge fund purchases are justifiable – with the Hang Seng 50 index rising by over 13% in the past two weeks. This was partly driven by: Economic stimulus from Beijing. The Hong Kong Monetary Authority's (HKMA) decision to keep the base rate unchanged at 5.75%. As reported by the South China Morning Post, HKMA's decisions correlate with the Federal Reserve's policy since 1983, reflecting the local currency's peg to the US dollar. TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Hold the VISION, Trust the PROCESS What a Mitigation Block Is, and How You Can Use It When Trading Forex Learn Forex Trading with FXOpen #learnforex #forextrading #fxopen Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

Rivian Stock Goes High as Q1 Report Anticipation Mounts Being a newcomer within a very long-established and somewhat traditional global industry is not easy. The automotive industry is a case in point. It has been over 139 years since Karl Benz managed to successfully produce the first motorised vehicle, and since then, huge global conglomerates have built economies of scale to compete against each other fiercely in every corner of the world whilst evolving gradually rather than taking a revolutionary position. Suddenly, in 2014, the now infamous Elon Musk came from outside the traditional manufacturing or automotive sectors and disrupted an age-old, highly polished, and well-established industry to the extent that even Mercedes Benz, the company that invented the car all those years ago, has begun making electric cars to compete with those introduced by Elon Musk's Tesla company. More recently, some even newer names have entered the electric vehicle arena, some of which listed their stock on public exchanges in North America with high-value listings despite little or no market share, having done so via controversial SPAC 'blank check' companies toward an audience which, for many, would have heard the names of such companies for the first time. One such firm is Rivian Automotive, which listed its stock on the NASDAQ exchange in November 2021 at a price of $78 per share. Since then, Rivian, whose main product is an electric pickup truck, has been incredibly volatile, trading at a lot less than $10 per share more recently, but had been fluctuating around $25 in December. As the New York trading session came to a close yesterday, Rivian stock was among the top risers on FXOpen's TickTrader platform, concluding the trading day at $10.31 per share according to FXOpen pricing. TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

The US Labour Market Is Slowing Down. How Could This Impact Major Currency Pair Pricing? A weak employment report in the US contributed to a sharp pullback in major currency pairs, but it hasn't led to a full change in major trends yet. For instance, nonfarm payroll figures showed that: The number of new jobs came in at 173K, compared to the forecast of 238K. Average monthly wages decreased by 0.2% against an expected 0.3% increase. Unemployment rose to 3.9% from 3.8%. Following the slowdown in job growth, investors will eagerly await inflation data. If the figures meet or exceed expert forecasts, expectations for a rate cut by the US regulator could increase. GBP/USD According to technical analysis of the GBP/USD pair using the "chaos" system, we are seeing a corrective pullback after the formation of a reversal bar on April 22. Attention should be paid to price behaviour around 1.2520-1.2500. If the price rebounds from this range, it could strengthen towards 1.2640-1.2600. A drop below support at the entwined alligator lines may lead to a retest of the recent low around 1.2300. Key events of the week include: Today at 11:30 (GMT +3:00), publication of data on business activity index in the UK construction sector for April. Thursday at 14:00 (GMT +3:00), Bank of England meeting and decision on the GBP base interest rate. TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with a bullish gap; → On the daily chart of UK100, today the RSI indicator is in overbought territory, unseen since the beginning of 2023. One of the significant drivers of bullish sentiments could be considered events on Thursday – at 14:00 GMT+3, news from the Bank of England is expected: market participants will learn about the decision on the interest rate, followed by a press conference. As Econoday writes: → A decision to cut interest rates is unlikely at Thursday's meeting, with autumn being seen as the most probable period for a 0.25-point rate cut from the current level of 5.25 points. → Members of the rate-setting committee are concerned that inflation is slowing down too slowly. However, the trend is in the right direction, and the Bank of England has already stated that the 2 percent target does not necessarily need to be reached before interest rates are lowered. Perhaps the anticipation of signals for monetary policy easing instils confidence in the bulls, but how sustainable can the current growth be? TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Japanese Yen Goes on Volatility Drive after US Economic Uncertainty Surfaces The Japanese yen has been notably volatile for a long time now, and today, that dynamic continues as the yen made some tremendous steps forward over the course of the Asia Pacific trading session. In today's Asia Pacific trading session, the USDJPY pair has become the second most volatile currency on FXOpen's TickTrader platform this morning. There have been some economic factors surrounding both the Japanese and United States economies that have surfaced during the course of the morning, including some very interesting reports and releases of data from the US government on economic circumstances surrounding the country. The USDJPY pair was trading at 157.74 on 1st May, according to FXOpen pricing, and began to decline from there, going down to 153.13 by Thursday, 2nd May, followed by a further dip to 151.85 on Friday, settling at 153.787 at 8.15 am UK time today (Monday, 6th May) having continued this level during the Asia Pacific session. TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

What Did Buffett Say at the Shareholders' Meeting? Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99. Following the meeting, it was revealed that Berkshire Hathaway's cash reserves are at record levels and continuing to grow, reflecting the challenge of finding stocks for the value investing strategy that has defined billionaire Warren Buffett's success. Cash, cash equivalents, and short-term Treasury bills for Buffett's group totaled $189 billion at the end of March, up 13% from the end of 2023. "It is fair to assume that by the end of this quarter they will probably be around $200 billion," Buffett said. According to the legendary investor: Berkshire sold about 13% of its Apple shares; reduced its stake in Chevron by approximately 2%; Coca-Cola and American Express are "wonderful companies"; the Indian stock market may present "untapped opportunities"; "We only pick those areas that we like." TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Watch FXOpen's 29 April - 3 May Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: FTSE 100, US Dollar, USD/JPY, BTC/USD Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. London Calling! FTSE 100 Stocks Flying High Once Again; The Dollar Is Declining: The Outcome Of The Fed Meeting Disappointed Investors; USD/JPY Analysis: US Dollar Weakens After Statements From The Federal Reserve Chair; April Became The Worst Month For BTC/USD Since November 2022. Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions. FXOpen YouTube Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. #fxopen #fxopenyoutube #fxopenint #weeklyvideo

Veteran Trader and VESBOLT Founder Dr. Terry Tan Joins Championship Ranks with a PAMM account Hi there, A seasoned veteran in the world of trading, Dr. Terry Tan, founder of VESBOLT, an asset management group specializing in proprietary trading, has entered the championship arena. By registering a PAMM account in the championship, Tan extends an invitation for everyone willing to utilize their trading strategy. At VESBOLT, Dr Tan and his team collaborate with advanced financial players in the industry, leveraging their expertise, experience, and proprietary trading technologies to deliver maximum profits at minimal risk. With over 15 years of experience in offering private fund management servicesand more than two decades of expertise in financial quantitative analytics and trading, Dr Tan's leadership has propelled VESBOLT to the highest echelons of the industry. For Dr. Tan, trading is not just a profession but a primary source of income. Drawing upon his extensive background and expertise, Dr. Tan's journey in trading began 15 years ago, when he honed his skills through a combination of online and offline FX and Algos classes. His educational background, including a Doctor of Business Administration (DBA) majoring in Financial Management, further bolsters his credentials. As the 2024 season unfolds, we invite traders who are confident and eager for growth to join our community! Enroll in FTC 2024 #forextrading #tradingstrategy #forexcup Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

The Price of Silver (XAG/USD) is Falling for the Second Consecutive Week Following a surge in the price of silver close to the important psychological level of $30 per ounce on April 12, bearish momentum is now evident - concluding the week may mark the second consecutive week of decline for XAG/USD. The decline in demand for silver could be linked to the decrease in gold prices. Conversely, gold is losing its appeal due to: → easing geopolitical tensions in the Middle East; → gold's lack of yield, which is deemed unattractive in a high interest rate environment that may persist due to the Federal Reserve's policy - investors are given reason to favour low-risk bonds in their portfolios. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

AAPL Share Price Soars after Record Buyback Announced Yesterday, after the end of the main trading session, Apple published its report on its activities for the 1st quarter: → Earnings per share: actual = $1.53; expected = $1.505; → Gross income: actual = $90.75; expected = $90.36. The better-than-expected report came as a relief to investors after reporting lower sales in five of the last six quarters. In addition, the following could give positive feedback to market participants: → Apple's forecast is that its iPad manufacturing and services business will grow at double-digit rates; → company investments in AI. “We think we're well positioned,” Chief Financial Officer Luca Maestri told Bloomberg Television's Emily Chang. CEO Tim Cook is expected to outline Apple's artificial intelligence strategy at its annual Worldwide Developers Conference in June. → Apple Inc.'s big plan to restore investor confidence. It consists of a record $110 billion share buyback and a 4% dividend increase. As a result, AAPL's price rose nearly 8% in post-market trading, exceeding $185 per share, although yesterday's close was around $173. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Market Analysis: AUD/USD and NZD/USD Attempt Another Recovery AUD/USD is eyeing a steady increase above the 0.6555 resistance. NZD/USD is also rising and could extend its increase above the 0.6000 resistance zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar is moving higher from the 0.6465 zone against the US Dollar. There is a connecting bullish trend line forming with support at 0.6555 on the hourly chart of AUD/USD at FXOpen. NZD/USD is showing positive signs above the 0.5925 support. There is a key bullish trend line forming with support at 0.5940 on the hourly chart of NZD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair formed a base above 0.6465. The Aussie Dollar started another recovery wave above the 0.6510 resistance against the US Dollar The bulls pushed the pair above the 0.6525 resistance zone. There was a close above the 0.6555 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6585 zone. A high is formed at 0.6585 and the pair is now consolidating above 23.6% Fib retracement level of the upward move from the 0.6465 swing low to the 0.6585 high. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6585. The first major resistance might be 0.6620. An upside break above the 0.6620 resistance might send the pair further higher. The next major resistance is near the 0.6665 level. Any more gains could clear the path for a move toward the 0.6720 resistance zone. If not, the pair might correct lower. Immediate support is near a connecting bullish trend line at 0.6555. The next support could be 0.6525 or the 50% Fib retracement level of the upward move from the 0.6465 swing low to the 0.6585 high. If there is a downside break below the 0.6525 support, the pair could extend its decline toward the 0.6510 zone. Any more losses might signal a move toward 0.6465. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

GBPUSD Technical Analysis – 02nd MAY, 2024 GBPUSD – Bearish Trend Reversal GBPUSD was unable to sustain its Bullish momentum this week and after touching a high of 1.2543 today, it started to decline towards the 1.2500 levels. We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA50 in the 2-hourly timeframe. The prices of Pound are back under the Pivot point in the 2-hourly timeframe. Some of the Technical indicators are giving a Sell signal at the current market levels of 1.2517. The Support of the channel is broken in the 15-minutes timeframe. GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average. Pound Bearish Reversal seen Below the 1.2543 mark. Short-term range appears to be Neutral. GBPUSD continues to remain Below the 1.2520 levels. Average true range ATR is indicating less market volatility. GBPUSD is now trading just above its Pivot levels of 1.2512 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic Support Levels of 1.2500 after which we can see downwards bearish pressure towards the 1.2488 which is a 14-3 Day Raw Stochastic at 70%. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 02nd MAY, 2024 EURUSD – Bearish Trend Reversal EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0727 started its bearish momentum below the 1.0700 levels. We can see the formation of a Bearish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 4-hourly timeframe. We can see that the price of Euro is back under the Pivot point in the Daily timeframe. Some of the Technical Indicators are also giving a Sell signal below the 1.0710 levels. Both the Support of the Channel and Triangle is broken in the 15-minutes timeframe. EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. Euro Bearish Reversal seen Below the 1.0727 mark. Short-term range appears to be Neutral. EURUSD continues to remain Below the 1.0720 levels. Average true range ATR is indicating less market volatility. The next Support is located at 1.0683 which is a 3-10-16 Day MACD Moving Average Stalls. EURUSD is now trading below its Pivot levels of 1.0702 and is moving into a Mild bearish channel. The price of EURUSD remains above its Classic support levels of 1.0685 and is moving towards its next target of 1.0683. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

April Became the Worst Month for BTC/USD Since November 2022 In November 2022, the BTC/USD price dropped by 16.20%. The main driver of this decline was the crash of the FTX exchange. In April 2024, the price of Bitcoin decreased by 14.77%. Paradoxically, the main news event could be considered the halving, which occurs every 4 years and is considered a bullish factor as it signifies a reduction in supply from miners. So why did the BTC/USD price decrease by the end of April? Presumably, expectations from the halving could have been excessively optimistic, and after the event occurred, the price declined as emotions subsided – an example of "buy the rumour, sell the fact" situation. It's worth noting that in the Bitcoin Cash network (a fork of the Bitcoin blockchain from August 2017), the halving took place on April 4, and the BCH/USD price decreased after that day – which could have been a concerning signal. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

USD/JPY Analysis: US Dollar Weakens After Statements from the Federal Reserve Chair Last night, the Federal Reserve's decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference, the Fed Chair almost ruled out a rate hike as the next step, emphasizing the monetary policy's independence from the upcoming presidential elections. Additionally, he stated that: Concerns regarding stagflation are exaggerated; The Fed intends to lower rates smoothly and gradually; The duration of maintaining high rates is increasing indefinitely. The market's reaction to the Fed's news was a weakening of the dollar – apparently, concerns about another rate hike as the next step have diminished. The dollar weakened significantly against the yen – the USD/JPY rate dropped from 157.50 to 153.10 yen per dollar yesterday evening (approximately -2.7%) in less than an hour, although the rate later recovered. The reason lies in the context, specifically the yen's strong strengthening on Monday, when the rate exceeded 160 yen per dollar, as we wrote on the morning of April 29. Perhaps there was another intervention yesterday? However, official sources refuse to comment. Tokyo may be adhering to a tactic of keeping investors in the dark about its currency intervention strategy. Although, as reported by the Japan Times, fluctuations of 5 yen per dollar indicate interventions. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

The Dollar is Declining: the Outcome of the Fed Meeting Disappointed Investors The outcome of the two-day meeting of the American regulator was that officials left the base interest rate unchanged in the range of 5.25-5.5%. Also, from the published statement, it follows that the Fed is ready to adjust the direction of current monetary policy in the event of risks that could hinder the achievement of the regulator's key objectives. Judging by the movement of major currency pairs after the rate decision announcement, market participants are hoping for a prompt change in the Fed's monetary policy. For example, the GBP/USD pair held above significant resistance at 1.2500, and the movement of USD/JPY hints at the possibility of hidden intervention by the Bank of Japan. GBP/USD Technical analysis of the GBP/USD pair indicates the possibility of an upward correction towards 1.2700-1.2620, as a "bullish engulfing" pattern has formed on the weekly timeframe. Breaking below recent lows at 1.2300 would invalidate this pattern, potentially leading to a resumption of downward movement towards the range of 1.2100-1.2070. Factors that could influence the pricing of the pair include: Data on the UK's Composite Purchasing Managers' Index (PMI) for April, scheduled for release tomorrow at 11:30 (GMT +3:00) US Employment Report, scheduled for release tomorrow at 15:30 (GMT +3:00) TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD Dives While USD/CHF Extends Rally EUR/USD started a fresh decline below the 1.0695 support. USD/CHF is rising and might aim a move toward the 0.9250 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0750 resistance and declined against the US Dollar. There was a break below a key bullish trend line with support at 1.0695 on the hourly chart of EUR/USD at FXOpen. USD/CHF is showing positive signs above the 0.9185 resistance zone. There was a break above a major bearish trend line with resistance at 0.9130 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0750 resistance. The Euro started a fresh decline below the 1.0700 support against the US Dollar, as mentioned in the previous analysis. There was a break below a key bullish trend line with support at 1.0695. Besides, the pair declined below the 50-hour simple moving average and 1.0675. The pair traded as low as 1.0654 and is currently correcting losses. The pair is showing bearish signs, and the upsides might remain capped. Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 1.0735 swing high to the 1.0654 low at 1.0675. The next major resistance is near the 1.0695 zone or the 50-hour simple moving average. It is close to the 50% Fib retracement level of the downward move from the 1.0735 swing high to the 1.0654 low. An upside break above the 1.0695 level might send the pair toward the 1.0735 resistance. Any more gains might open the doors for a move toward the 1.0750 level. On the downside, immediate support on the EUR/USD chart is seen near 1.0650. The next major support is near the 1.0630 level. A downside break below the 1.0630 support could send the pair toward the 1.0580 level. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

The Dollar Is Losing Some of Its Gains While Awaiting a Verdict from the Fed The American currency continues to trade in different directions relative to leading currencies. Thus, the yen paired with theUS dollar fell in price to a 34-year low, and in pairs with European and commodity currencies we are seeing a corrective pullback in USD. Whether the main trends will continue, or whether it is worth preparing for a deeper corrective rollback, will be determined by the coming trading sessions: Today at 12.00 (GMT +3:00) inflation data in the eurozone for April will be published Today at 17.00 (GMT +3:00) the US consumer confidence index from CB will be released Tomorrow at 21.00 (GMT +3:00) a meeting of the Federal Reserve is scheduled, at which the base interest rate on the dollar and the regulator’s further plans for monetary policy will be announced EUR/USD The single European currency has been holding above the key range of 1.0700-1.0600 for the third week. Technical analysis for EUR/USD indicates the possibility of working out a piercing line combination on the weekly timeframe, which could lead to a test of 1.0900-1.0840. A price move below 1.0600 may contribute to updating last year’s low at 1.0450. In addition to the already mentioned news, today at 13.00 (GMT +3:00) it is worth paying attention to the speech of the Vice President of the German Federal Bank Claudia Maria Buch. TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Trade HK Share CFDs Commission Free on TickTrader FXOpen is pleased to announce a significant expansion of our share CFDs. Traders can now access a diverse range of Hong Kong share CFDs on our TickTrader trading platform, with tight spreads and leverage of 1:5. Additionally, for a limited time, these HK share CFDs can be traded completely commission-free*. Some notable Hong Kong shares now available for trading include: Tencent HK: Leading digital innovation in entertainment and internet services.Alibaba HK: A globally recognised e-commerce powerhouse serving businesses and consumers alike.Meituan HK: Redefining convenience standards in online marketplace and delivery services.Xiaomi HK: Innovating in the realm of cutting-edge smartphones and smart devices.JD.com HK: Offering an extensive array of products and services as a prominent e-commerce player.BYD HK: Spearheading sustainable mobility solutions in the electric vehicle industry.Baidu HK: A driving force in internet search services and artificial intelligence.NetEase HK: Enhancing online experiences through innovation in internet technology.China Mobile HK: Providing pioneering telecommunications services to a vast clientele.China Petroleum HK: Fueling growth through strategic investments in energy operations Hong Kong's prominence as the "New York of the East" underscores its crucial role in global finance, serving as a gateway between Eastern and Western markets. The city's stock markets, reflecting a blend of local and mainland Chinese corporations, may offer unique opportunities amidst the evolving landscape of full Chinese governance. Don't miss out on the chance to trade HK Shares commission-free on the TickTrader platform. Trade Now *Terms and conditions apply. Promotion applies to retail clients only.The commission free period runs from 17th April until 31st May 2024.Commission free trading applies only to HK share CFDs.Commission will be charged at the standard rate and then refunded to the client account after 31st May 2024.The commission free offer will apply to all positions closed before midnight on 31st May 2024 (GMT). #fxopen #ticktrader #fxopencfd Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

5 Stocks To Consider For May 2024 Time flies, especially when things are running smoothly, and this year so far has been a period free of dramatic events across the capital markets. Suddenly, we are almost halfway through 2024, and the forthcoming month takes us up to that point. During the first part of 2024, scepticism and trepidation gave way to hope and optimism as analysts cast their theories that central banks across the Western world may look toward reducing interest rates a few times. This turned out to have been an incorrect prediction, and rates remain unchanged, meaning companies still need that extra cash flow to grow or show greater revenues, which is currently being used to service monthly commitments at high interest rates. It has not impeded progress, however. Some of the world's most prestigious indices have been performing outstandingly, giving rise to the notion that large corporations are, in many cases, in good fiscal order. Talk of recession has faded into the background as the FTSE 100 in London (UK 100 on FXOpen) ended April with a massive rally, and across the Atlantic, the S&P500 (US SPX 500 Mini on FXOpen) and NASDAQ (US Tech 100 mini on FXOpen) ended the month in a strong position. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

CRON Stock Price Forms a Bullish Pattern ahead of the Report The Cannabis Stocks market has experienced a significant decline since its peak in the spring of 2019. The share of the Canadian company Cronos (CRON) then formed a high above USD 24, and trading yesterday closed at USD 2.55. However, even after the CRON share price fell 10 times, there are still reasons for optimism: → Cronos recently announced its first entry into the edible chocolate category with the introduction of Chocolate Fusions. Cronos' newest edible innovation was developed by an expert team of culinary experts, nutritional scientists and leaders in cannabis product development. → InvestorPlace named CRON to its list of top Cannabis Stocks to Consider Buying in Spring 2024. The argument is a reminder that Altria invested USD 1.8 billion in Cronos. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

London Calling! FTSE 100 Stocks Flying High Once Again Back in 2021, which when looking at a physical calendar does not seem such a long time ago yet feels an epoch ago when considering the changes in global economies and the capital markets since then, the FTSE 100 index was making headlines full of superlatives and enthusiasm as it pushed its way through the 7,000 point mark for the first time ever. As that happened, investors and analysts alike were experiencing something of a sensory overload with so many exciting dynamics having taken place around the same time, including the notorious meme stock frenzy led by Reddit board groups, which dramatically affected the prices of certain entertainment stocks in the US and a deluge of relatively unheard of firms suddenly listing their stock on the NASDAQ exchange for multi-billion dollar valuations via SPAC entities. Alongside these headline grabbers was London's FTSE 100 rallying like never before, which was an interesting backdrop because London listed firms are often traditional, long-established bricks-and-mortar entities with decades of institutional stability behind them as opposed to the disruptors of the NASDAQ, and not susceptible to volatility caused by the self-styled market makers of the Reddit boards. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

USD/JPY: Rate Falls Rapidly after Exceeding Psychological Mark of 160 Yen Per Dollar Despite the fact that today is a holiday in Japan, the foreign exchange market is experiencing extreme volatility — wide candles are forming on the USD/JPY chart, and the rate briefly exceeded the psychological level of 160 yen per dollar, reaching a new high in 34 years. The weakening of the yen in the first hours of trading occurred against the background of the fact that: → On Friday, the Bank of Japan decided to leave interest rates at the same level = 0.1%. → At the same time, market participants did not hear clear signals from the Bank of Japan that the weakening yen would be supported. → On Wednesday, May 1, the Fed will announce its decision on the interest rate. It is also expected to remain unchanged at 5.5%, highlighting the difference in monetary policy between Japan and the United States. However, shortly after the yen surpassed the psychological level of 160.00, USD/JPY fell sharply to 155.50 and below — traders, according to Reuters, saw signs of intervention from Japanese financial authorities after a 13% increase since the beginning of the year. Let us recall that Tokyo previously intervened in the foreign exchange market in September and October 2022, when the US dollar exchange rate was about 146.00 and 152.00 yen, respectively. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

If My Mind Can Conceive It, If My Heart Can Believe It, Then I Can Achieve It! Machine Learning Algorithms for Forex Market Analysis Find Out More and Get Answers from Experienced Forex Traders and Members of the FXOpen Forum. Learn Forex Trading with FXOpen Forum #fxopenforum #forextrading #fxopen Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.