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S&P 500 Analysis: Concerning Market Behaviour On Friday, data was released showing that inflation in the US slowed down in May. According to ForexFactory, the actual monthly Core PCE Price Index was 0.1%, which matched the forecasts (last month’s PCE was 0.3%). Reuters reports that: → Prices for recreational goods, as well as for vehicles, furniture, and durable household appliances, dropped significantly. → This news reinforced expectations that the Federal Reserve might begin to cut interest rates later this year. According to the CME FedWatch tool, market prices now indicate a 63% probability of a Fed rate cut in September, compared to a 55% probability a month ago. Monetary policy easing should be perceived as bullish news for the market, however… While the S&P 500 index (US SPX 500 mini on FXOpen) initially rose in the hours following the publication, it dropped to the week's lows by the end of trading. This bearish market behaviour amidst positive news of slowing inflation is concerning. Today, the price of the S&P 500 (US SPX 500 mini on FXOpen) shows that bulls are trying to recover from Friday's decline. They might be aiming to resume the upward trend that has been in place in 2024. How successful could this 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.

What Is a High and Tight Flag Pattern, and How Can You Trade It? The high and tight flag pattern is a formation in technical analysis, signalling a continuation of a strong bullish trend. Recognised by its sharp rise followed by brief consolidation, this formation is highly valued by traders. In this article, we delve into the specifics of the high and tight flag pattern, its characteristics, and how to trade it effectively. You have heard of the flag pattern. The high and tight flag pattern is its version. The high and tight flag pattern is a powerful and rare chart formation used in technical analysis. It signals a potential continuation of a strong upward trend and is favoured by traders for its reliability in bullish markets. TO VIEW THE FULL ARTICLE, 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. 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.

Watch FXOpen's 24 - 28 June Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: Nasdaq 100 Index, EU Currencies, USD/JPY, AMZN Shares 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. Nasdaq 100 Index Failed to Hold above 20,000 Points European Currencies Face a Crucial Test: What to Expect USD/JPY Rate Hits Highest Level since 1986 AMZN Shares Set a New All-Time High 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

Strong US Dollar Dominates Forex: For How Long? According to ICE data, the price of the US Dollar Index futures contract has reached its highest level since May 2 of this year. This strength is reflected in the exchange rates of major currencies against the US dollar: → The USD/JPY rate has reached a record high since 1986, which we reported yesterday. Today, 1 USD was worth more than 161 yen. → The NZD/USD rate has dropped to its lowest level since May 15. → The USD/CHF rate has risen to its highest level since June 3. Regarding the euro, the strength of the US dollar has pushed the EUR/USD rate down to significant support. 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.

Market Analysis: GBP/USD Turns Red While USD/CAD Rallies GBP/USD declined below the 1.2670 support zone. USD/CAD is rising and might aim for more gains above the 1.3735 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2700 resistance zone. There is a key bearish trend line forming with resistance at 1.2640 on the hourly chart of GBP/USD at FXOpen. USD/CAD is showing positive signs above the 1.3675 support zone. There is a major bullish trend line forming with support at 1.3705 on the hourly chart at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2700 zone. The British Pound traded below the 1.2670 support to move into further a bearish zone against the US Dollar. The pair even traded below 1.2640 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2625 level. A low was formed at 1.2621 and the pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.2670 swing high to the 1.2621 low. 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. a

FXOpen: GLOBAL Partnership Program Start your partnership with FXOpen broker! Our partnership program is designed for Forex market participants, IBs, Forex gurus, bloggers and vloggers, webmasters and site owners, investors, advertising platforms and everyone, who is interested in making money online. Affiliates and IBs from 100+ countries choose FXOpen as a partner. Forex Partnership program is a way of getting passive income. Earn up to 90% of FXOpen trading commission. Become a Partner FXOpen Affiliate #fxopen #fxopenglobal #fxopenaffiliate #fxopenpartner 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.

Trade on the Go with Our New TradingView Mobile Integration At FXOpen, we are always striving to provide you with the best tools and technology to help you achieve your trading goals. As part of this commitment, we have integrated with TradingView's powerful mobile app. Here’s what the integration means for you: Trade Anywhere, Anytime With TradingView's intuitive mobile app, you can now access your FXOpen trading account on the go. Whether you’re commuting, travelling, or simply away from your computer, you’ll have the power to trade at your fingertips. Advanced Charting and Analysis Tools TradingView is renowned for its advanced charting capabilities and robust analysis tools. Now, you can take advantage of these features directly from your mobile device, making it easier than ever to analyse markets and make informed trading decisions. VIEW FULL NEWS VISIT - FXOpen Company News... 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.

What Is a Break of Structure and How Can You Trade It? In the ever-evolving world of Smart Money Concept (SMC) trading, a nuanced understanding of market dynamics is indispensable. This article explores the concept of Break of Structure (BOS), how to identify it, and its implications for trading strategies, setting traders on a path to more informed decision-making and strategic market navigation. Strong and Weak Swing Points In Smart Money Concept trading, understanding the basics of market structure is crucial, particularly when discerning between strong and weak swing points. These points are pivotal in analysing the current trend and play a significant role in identifying potential breaks in structure. A strong swing point, whether it be a high in a downtrend or a low in an uptrend, is considered to be likely to hold if the price revisits the area. A bullish trend, for example, is denoted by a series of higher highs and higher lows. For the trend to stay intact, the last higher low shouldn’t be traded through. Conversely, a weak swing point is seen as vulnerable and more likely to be breached. In an uptrend, a peak or area of resistance is expected to be traded through, continuing the trend. TO VIEW THE FULL ARTICLE, 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. 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.

Is It Possible to Trade a Short Squeeze? Understanding the dynamics of a short squeeze is essential for traders navigating the volatile terrains of financial markets. This phenomenon, where a sharp increase in an asset's price forces short sellers to cover their positions, can lead to dramatic market movements. In this article from FXOpen, we explore what triggers a short squeeze, how to identify potential candidates, and approaches for trading them effectively. What Is a Short Squeeze? A short squeeze occurs when a swift increase in an asset's price leads to significant losses for those who have traded against that asset by short selling. While short-selling stocks involves borrowing shares to sell them, aiming to buy them back at a lower price, it's important to note that in the context of CFDs (Contracts for Difference), traders are engaging in agreements to exchange the difference in the price of an asset from when the position is opened to when it is closed, without the need to physically borrow or deliver the actual securities. If the price rises instead of falling, short sellers are compelled to buy back the shares at a higher price to close their positions and prevent further losses. This rush to buy back shares adds further upward pressure on the asset's price. TO VIEW THE FULL ARTICLE, 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. 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.

USD/JPY Rate Hits Highest Level Since 1986 As shown in the USD/JPY chart, today the rate is around 160.58 yen per US dollar. Bloomberg reports the words of Japan’s Finance Minister Shunichi Suzuki: → It is desirable for the exchange rate to move in a stable manner. → Sudden, one-sided moves are not desirable. → We will analyze the background to this move with a high sense of urgency, and take necessary action as needed. Such rhetoric from officials seems not to have deterred the bulls, who are keeping the rate above the April high (when the Bank of Japan intervened in the market to support the weakened yen, resulting in a 4.75% decline over 5 days). In our analysis from 24 June, we noted that: → the price is moving within a large upward channel (shown in blue), → and the local rise (framed by orange lines) could push the price to the boundaries of the blue channel. 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.

European Currencies Face a Crucial Test: What to Expect The end of June and the beginning of July are packed with significant economic and political events for the pound and the euro. A few weeks ago, Emmanuel Macron dissolved the parliament and announced snap parliamentary elections. He took this step after the far-right National Rally led by Marine Le Pen secured first place in the European Parliament elections. Many experts believe that if the far-right gains a majority in the parliament, it could lead to a serious political crisis in the EU, consequently exerting bearish pressure on EUR/USD. EUR/USD According to the technical analysis of the EUR/USD pair, if the price falls below 1.0660, the pair may continue its downward trend towards 1.0600-1.0400. A resumption of the upward trend is possible with a confident consolidation above 1.0740-1.0700. In the upcoming trading sessions, the following events should be noted: - Today at 12:00 (GMT +3:00) expected consumer inflation in the Eurozone; - Today at 13:00 (GMT +3:00) special EU summit of heads of state; - Today at 15:30 (GMT +3:00) US GDP. 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.

AMZN Shares Set a New All-Time High As shown in the AMZN chart, yesterday the share price confidently surpassed the psychological level of $190, closing above $193.41, which is a new all-time high. Specifically: → the growth was approximately +3.9% for the day, with the closing candle at the upper part (a sign of strong demand); → Amazon's market capitalisation exceeded $2 trillion. According to Benzinga, the rise in AMZN's price was driven by: → the news that BofA Securities analyst Justin Post maintained a "Buy" recommendation and raised the target price from $210 to $220, citing the potential for improved efficiency through better logistics. → the information that Amazon is preparing to launch a discount section similar to Temu, which will offer direct delivery from China. 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 Nikkei Index Has Risen to a 2-Month High As we wrote on June 17th, analyzing the Nikkei 225 chart (Japan 225 on FXOpen): → the price formed a consolidation pattern (in the shape of a narrowing triangle); → the price formed a bullish reversal from the 38,000 points level (indicated by an arrow), suggesting potential growth and trend establishment upon pattern breakout. Since then, the price has broken out of the consolidation triangle and today exceeded the 39,800 level - marking the highest point since mid-April. 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.

Market Analysis: EUR/USD Struggles To Recover While USD/CHF Rallies EUR/USD is attempting a recovery wave from the 1.0675 zone. USD/CHF climbed higher above 0.8900 and might extend gains in the near term. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro declined toward 1.0675 before it started a recovery wave against the US Dollar. There is a key bullish trend line forming with support at 1.0710 on the hourly chart of EUR/USD at FXOpen. USD/CHF climbed higher above the 0.8900 and 0.8935 resistance levels. There is a connecting bullish trend line forming with support at 0.8930 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair extended the decline below the 1.0720 support zone. The Euro even declined below 1.0700 before the bulls appeared against the US Dollar, as mentioned in the previous analysis. The pair tested the 1.0675 zone and recently started a recovery wave. There was a move above the 1.0710 resistance zone, but the bears were active near 1.0745. As a result, there was another pullback to 1.0690 and the pair is now consolidating below the 50-hour simple moving average. 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.

AUD/USD Surges on Inflation News in Australia This morning, the Consumer Price Index (CPI) figures for Australia were released – according to ForexFactory, the annual CPI stood at 4.0% (expected = 3.8%, previous = 3.6%). As Bloomberg reports: → Rent was the main driver of inflation due to a housing shortage. → The spike in inflation increases the risk of an RBA rate hike (a decision might be announced on 5th August). → Following the release of the high CPI figures, the AUD/USD exchange rate surged by 0.6%. Moreover, the news from Australia could be a harbinger of a new wave of inflation that may manifest in other countries as well. 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.

Analytical META Stock Predictions for 2024, 2025-2030, and Beyond Meta Platforms, Inc., formerly known as Facebook, is a leading technology company renowned for its social media and virtual reality innovations. This article provides a detailed analysis of Meta's stock performance, future analytical projections for 2024 to 2030, and the factors potentially influencing its future valuation. Meta Price History Meta Platforms, Inc., originally launched as Facebook in 2004 by Mark Zuckerberg and his college roommates, quickly grew from a college networking site to a global social media giant. In 2008, Facebook reached 100 million users, and in 2012, it had over a billion. This rapid growth set the stage for its initial public offering (IPO). 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. 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.

USD/CAD Rate Reaches Significant Support Level On June 12, we wrote about bearish signs observed on the USD/CAD chart, pointing to the prospect of USD weakening. Since then, the USD/CAD rate has decreased by approximately 0.75% and has reached an important support level, specifically the lower boundary of the descending triangle (with the median around 1.36700), which indicates a long-term balance of supply and demand among market participants. The fact that today the USD/CAD rate is rising from yesterday's minimum on June 4 at the level of 1.36408 confirms the importance of the support formed by the lower boundary of the triangle. 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.

Nasdaq 100 Index Failed to Hold Above 20,000 Points On 18th June, we reported that the Nasdaq 100 (US Tech 100 mini on FXOpen) market had recorded a historic high by surpassing the psychological level of 20,000. At that time, we pointed to the upper line of the ascending channel (shown in green), which has been in place since 19th April, as a potential resistance level. About a week has passed, and the Nasdaq 100 (US Tech 100 mini on FXOpen) chart indicates that the price failed to hold above the psychological level and turned downwards from the upper green line. One of the drivers of the decline was NVDA shares, which fell by approximately 15% over three trading sessions. Meanwhile, Bloomberg quotes Buff Dormeier, Chief Technical Analyst at Kingsview Partners, stating that Nvidia’s share price decline occurred following potentially bullish news: → a stock split, making the shares more accessible to a wider range of retail investors; → attaining the status of the company with the largest market capitalisation (a status now lost); → strong fundamental data related to the company's leadership in the AI-related industry. By some estimates, the company controls about 80% of the chip market needed for AI model development. Bearish behaviour of NVDA’s price amidst bullish news is a bearish sign. 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.

Dollar Declines: How Deep Could the Correction Be? By the end of last week, the American currency traded rather mixed: - The USD/JPY currency pair strengthened by more than 200 pips and almost tested the significant resistance level at 160.00. - The USD/CAD pair failed to break out of the medium-term flat corridor of 1.3740-1.3620. - Sellers of the pound in the GBP/USD pair tried to push through the support at 1.2620-1.2600 but were unsuccessful. However, despite recent successes, the upward momentum of dollar bulls began to slow down yesterday. In some directions, we observe a slowdown in the growth of the USD, and in some, reversal patterns have already formed. 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.

TickTrader and FXOpen: Why Trade With Us? Pursue limitless trading opportunities across multiple markets with just a single log-in. TickTrader combines five of the most popular financial asset classes — Forex, stocks, commodities, indices, and cryptocurrencies — into one individual trading account. TickTrader trading platform represents an ultimate all-in-one solution for the most demanding traders. Experience high level customisation, true depth of market and quality liquidity, ensuring flawless trade execution. Each tool included in the platform is designed and honed by a developer who understands market requirements in terms of customer demand, performance, and security. TickTrader Key Features Trade multiple markets on one single platform Segregated funds for your protection Fully customizable trading experience Advanced order types API integrations Level 2 pricing Additionally: One/double click trading mode Trading alert system Your choice of a net or gross account Detailed charting system 1200+ Technical Analysis Tools Open a TickTrader Account Learn More #fxopen #ticktrader #ticktraderweb #ticktradermobile #ticktraderdesktop #ticktraderios #fxopenticktrade #ultrafasttrading Disclaimer: This publication represents the News 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.

What Is a Petrodollar and How Does It Affect the Global Economy? The concept of petrodollars is an insightful topic to study. The petrodollar isn’t a specific currency but a financial system that reflects economic and political forces that have shaped international relations for decades. This concept is critical to understanding global trade dynamics and geopolitical strategies. Petrodollar: Definition and Origins A petrodollar refers to the US dollars earned by oil-exporting countries through the sale of oil to other nations. The term gained fame in the 1970s, a period marked by significant changes in the global economic landscape, particularly concerning energy resources and currency stability. TO VIEW THE FULL ARTICLE, 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. 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.

USD/JPY Analysis: Rate Rises Above 159.9 Yen per Dollar The yen was last this weak against the US dollar in late April, leading to currency interventions as the Bank of Japan deemed a rate above the psychological mark of 160 yen per USD unacceptable. The current weakness of the yen has triggered the usual warnings from Japanese officials against "excessive" volatility, which can be interpreted as a sign of a new wave of interventions. It is noteworthy that following the intervention in late April (when the yen strengthened by 4.5% by the first days of May), it took the market less than two months to negate almost the entire effect of the Bank of Japan's actions. This indicates a strong upward trend (shown in blue), driven by the interest rate differential between Japan and the US. According to Reuters: → The 160.00 level is seen as a red line for the Japanese, considering that yen weakness increases imported inflation and pressures the Bank of Japan (BoJ) to further unwind its ultra-loose policy. → The minutes from the latest central bank meeting confirmed extensive discussions about reducing bond purchases and raising rates. 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.

S&P 500 Falls from Record High in Anticipation of Key News On Friday, at 15:30 GMT+3, the Core PCE Price Index values will be released – an economic indicator to which the Federal Reserve pays special attention when assessing inflation levels in the US. This event is likely to cause a surge of news in the financial markets, and its anticipation will influence sentiments throughout the week. On Monday morning, the S&P 500 Index (US SPX 500 mini on FXOpen) fell to 5465 points after a historical record above 5500 points was set on June 20th. The decline was contributed by Friday’s report from the National Association of Realtors, which showed a drop in existing home sales in May compared to the previous month. 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.

Watch FXOpen's 17 - 21 June Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: Nasdaq 100 Index, GBP, SNB Interest rate, Brent Crude Oil 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. Nasdaq 100 Index Reaches 20,000 points for the First Time GBP Awaits Bank of England Verdict: Volatility Ahead? SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25% Brent Crude Oil Price Hits Highest Since 1 May 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

3 Line Strike Pattern: What It Means and How to Use It in Trading Candlestick patterns are crucial tools for traders, offering valuable insights into market sentiment and potential price movements. Among these patterns, the Three Line Strike setup is particularly sought after by traders in forex, stock, commodity, and index markets. This article explores the intricacies of the Three Line Strike, explaining how to identify it on charts, highlighting its unique characteristics, and discussing how to incorporate it into trading strategies. Three Line Strike Pattern: An Overview The Three Line Strike is a candlestick pattern used in technical analysis to trade trend continuations. However, it often appears ahead of trend reversals. The pattern consists of four candlesticks and can be found in up- and downtrends. TO VIEW THE FULL ARTICLE, 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. 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.