Turtle Trading: System, Rules, and Strategy
In the 1980s, the Turtle Trading system was born from a debate about whether trading skills were innate or could be taught. Richard Dennis and William Eckhardt decided to train novices in their trend-following trading strategies, thus giving rise to the Turtle Trading system. This article explores the Turtle system,...
TSLA Shares Revive After Shareholder Meeting
Last week, Tesla held a shareholder meeting where the main events included:
→ Shareholders approving Elon Musk’s $56 billion compensation package in TSLA stock options;
→ Relocating the company’s legal headquarters to Texas;
→ Elon Musk’s statements on robotics, asserting that Optimus robots could make Tesla a $25...
Nasdaq 100 Index Reaches 20,000 Points for the First Time
On 30 May, we noted some uncertainty in the price behaviour of the Nasdaq 100 (US Tech 100 mini on FXOpen) near the resistance level of 18,840, as shown by arrow #1.
Following this, the price declined and tested the former resistance at 18,250 (indicated by arrow #2) – the long lower shadow on the candle...
Adobe's Stock Surges Approximately 15% After Report Publication
On June 5th in the article "Is ADBE Stock Undervalued?", we highlighted several bullish signs, suggesting that the report published on June 13th could be a driver for a resumption of the uptrend.
Adobe's report released on June 13th proved to be strong:
→ Earnings per share: Actual = $4.48,...
Nikkei Index Falls Below 38,000 Points This Month for First Time
According to today's Nikkei 225 (Japan 225 on FXOpen) chart, the index quote dropped below 38,000 points at Monday's low, followed by a recovery (shown by an arrow).
One of the drivers of the decline was the automotive sector, whose shares led during the downturn. In particular, according to...
Compound Trading Strategy: Definition and Use
Compounding is a powerful strategy that includes reinvesting returns from trades to achieve exponential growth over time. According to theory, by consistently reinvesting returns, traders can potentially increase their capital base.
This article explores the mechanics, benefits, risks, and practical steps to...
Weekly Market Wrap With Gary Thomson: S&P 500 Index, US Dollar, FTSE 100 Index, Gold Price
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.
- S&P 500 Index Hits Record after Major News
- Dollar Falls...
European Stock Indices Decline Amid Political Uncertainty
Today, the Eurostoxx 50 index (Europe 50 on FXOpen) has dropped below the early May minimum, reflecting escalating market concerns over the upcoming French elections, as reported by Reuters. Finance Minister Bruno Le Maire's acknowledgment that the current political crisis could evolve into a financial...
NZD/USD Exchange Rate Falls from Nearly 5-Month High
The NZD/USD exchange rate has dropped from its highest level in nearly five months. On Wednesday, following the release of US inflation data, the NZD/USD rate exceeded 0.6220 for the first time since 15 January 2024.
However, today the rate has fallen approximately 1.3% from Friday’s peak, suggesting that the...
Market Analysis: EUR/GBP Poised For More Losses
EUR/GBP is declining and trading below the 0.8410 support level.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is declining and showing bearish signs below 0.8460.
- There is a major declining channel forming with support at 0.8410 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On...
Market Analysis: GBP/USD Poised For More Losses
GBP/USD failed to climb above 1.2860 and trimmed all gains.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below 1.2800.
- There is a key bearish trend line forming with resistance near 1.2765 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
...
Forex Market Liquidity: Analysis and Implications for Traders
The foreign exchange market is renowned for its dynamic and fast-paced nature. As traders navigate this landscape, understanding the concept of liquidity becomes crucial. In this article, we analyse its components, explore factors that influence it, measure and analyse its impact, discuss potential...
S&P 500 Index Hits Record After Major News
Yesterday, significant news regarding US inflation was released. According to ForexFactory:
→ Year-on-year Consumer Price Index (CPI): actual = 3.3%, forecast = 3.4%, previous = 3.4%;
→ Month-on-month CPI: actual = 0.0%, forecast = 0.1%, previous = 0.3%;
→ Month-on-month Core CPI (excluding food and energy): actual =...
USD/CAD Retracts from Nearly 2-Month High
Yesterday, the USD/CAD exchange rate climbed above 1.3785 for the first time since mid-April.
However, today's USD/CAD chart shows that it failed to consolidate at this peak and has dropped to a weekly low.
These fluctuations might be interpreted as traders positioning themselves ahead of today's critical events....
FTSE 100 Index Declines After Labour Market News
The British stock index FTSE 100 (UK 100 on FXOpen) dropped nearly 1% yesterday due to the release of economic data indicating a rise in unemployment.
According to ForexFactory:
→ The Claimant Count Change (number of unemployment benefit claims) was 50,000 (expected = 10.2k, previous month = 8.4k). This is the...
Market Analysis: USD/JPY Continues To Rise
USD/JPY is rising and might take out the 157.40 resistance.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY climbed higher above the 155.25 and 156.25 levels.
- There is a connecting bullish trend line forming with support at 156.85 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly...
Market Analysis: EUR/USD Dives
EUR/USD gained bearish momentum below the 1.0810 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline below the 1.0810 support zone.
- There is a connecting bearish trend line forming with resistance at 1.0760 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the...
How Do Dovish and Hawkish Monetary Policies Affect Markets?
In the intricate dance of global finance, central banks play a leading role, their policies echoing through markets and economies. The terms "dovish" and "hawkish" encapsulate their strategies towards interest rates and money supply, each with profound implications for currency values and investor...
