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GBP/USD Analysis: Pair Recovers from 7-Month Low
The GBP/USD pair dropped below the psychological level of 1.25 today, a level last seen in early May. Over the past two days, the pair has declined by more than 1.5%, driven by central bank decisions.
On one hand, the US dollar strengthened after the Federal Reserve chair's comments on Wednesday, hinting at...
Micron Technology (MU) Stock Drops 16%
On Wednesday, Micron Technology released its quarterly earnings report after the main trading session closed. The results aligned closely with analysts' expectations: earnings per share came in at $1.79, slightly above the forecast of $1.76, while revenue met projections at $8.71 billion.
Despite meeting estimates, the...
1-Minute Scalping Trading Strategies With Examples
Scalping is a popular trading style capitalising on rapid, small price movements within minutes. 1-minute scalping strategies are often used by traders but require precise execution and solid understanding of technical indicators. This article explores four 1-min scalping strategies, detailing the indicators...
USD/JPY Rises to a Nearly 5-Month High
According to the USD/JPY chart today, the US dollar has climbed to 157 yen. This movement was driven by monetary policies of both countries' central banks.
The Federal Reserve took a hawkish stance, with Chair Jerome Powell suggesting the possibility of fewer rate cuts in 2025 than earlier expected.
On the other side, the...
Nasdaq 100 Index Plummets After Fed Decision
On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we:
→ Drew a blue upward channel relevant for 2024;
→ Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone;
→ Suggested that bulls might face difficulties in pushing the...
Forex Traders Await the Fed's Decision
The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%.
Analysts at Apollo Global Management, in their Economic...