Daily Market Analysis By FXOpen

Yen Under Pressure: Threat of New Tariffs from the US


The Japanese yen has come under pressure following reports of a potential reinstatement of trade tariffs by the United States. The USD/JPY and GBP/JPY currency pairs are exhibiting strong upward momentum as market participants assess the possible implications of Washington's escalating trade rhetoric for the Japanese currency.

According to reports on Truth Social, Donald Trump has sent official letters to the leaders of Japan, South Korea, Malaysia, and several other countries, signalling the possible introduction of new tariffs from 1 August. In a letter to Japanese Prime Minister Shigeru Ishiba, Trump stated: ?Please understand that these tariffs are necessary to correct the many years of Japan?s tariff, and non‑tariff, and trade barriers, causing unsustainable trade deficits against the United States.?

Such statements have heightened investor concerns over a renewed round of trade wars, which has negatively impacted demand for the yen.

Today, market participants remain focused on the release of the FOMC minutes and US consumer confidence data. These events may provide further impetus for the US dollar; however, geopolitical factors remain in focus.

USD/JPY

The USD/JPY pair has risen to 147.00, following the confirmation of a bullish harami pattern on the daily timeframe dated 2 July. If current conditions persist, the yen may continue to weaken, particularly if Tokyo does not adopt a firm retaliatory stance. Technical analysis of USD/JPY indicates the potential for a test of key resistance at 148.00?148.60. A downward correction may occur if the pair falls and consolidates below 146.00.

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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.

Intel (INTC) Share Price Hits 3-Month High Without Clear Catalyst


Intel Corporation (INTC) stocks rose by over 7% yesterday, making them one of the top performers in the S&P 500 index (US SPX 500 mini on FXOpen). As a result, the stock price reached its highest level in three months.

What?s notable is the apparent lack of clear drivers behind the rally. According to Barron?s, the increase in INTC shares could have been triggered by a rating upgrade from Wall Street analysts or a corporate announcement ? yet no such developments have occurred. "Nothing new or fundamental," says Mizuho managing director and technology specialist Jordan Klein.

At the same time, from a technical analysis perspective, the INTC price chart is showing significant developments. Examining these price movements may provide clues as to what?s fuelling the recent rise.



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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.

Opportunities and Challenges of Emerging Market Trading


Title: Opportunities and Challenges of Emerging Markets | FXOpen

Description: Growth potential comes with high uncertainty when investing in emerging markets. Thoughtful trading accounts for both emerging market risks and rewards.

Emerging markets are typically found in developing regions and are characterised by rapid economic growth, high productivity levels, expanding populations, and increasing industrialisation. Their higher volatility compared to established markets presents both opportunities and risks for traders, while the less mature financial infrastructures and regulatory frameworks lead to increased uncertainty. In this article, we discuss the opportunities and challenges that these types of markets offer.

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Disclaimer: 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.

Euro in Focus - Markets on Alert


The euro is holding firm after a notable rally in recent weeks. Both the EUR/USD and EUR/JPY currency pairs are showing signs of consolidation, as markets cautiously assess the outlook against the backdrop of a packed economic calendar. Traders remain in wait-and-see mode ? a stance that could serve as a platform for either a renewed upward impulse or a potential correction, should upcoming data disappoint expectations.

Investors are closely monitoring a series of key macroeconomic indicators set for release in the coming hours, including Germany?s consumer price index, Italy?s industrial production figures, and the PCSI consumer sentiment index across major eurozone economies. These reports will help gauge whether the euro's current strength is justified, and how consumers and businesses are responding to a strong currency.

Meanwhile, European Central Bank (ECB) policy remains in the spotlight. In June, the ECB cut interest rates amid a strengthening euro and easing inflationary pressures. The market will now scrutinise the rhetoric of ECB officials to assess their concerns about further euro appreciation and its implications for exports and inflation targets. Remarks from Luis de Guindos, who recently warned against ?excessive appreciation?, underscore how sensitive monetary policy has become to current exchange rate levels.



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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.

Coinbase (COIN) Shares Reach All-Time High


According to the chart of Coinbase Global (COIN), the share price of the cryptocurrency exchange has reached a historical all-time high (closing price).

The bullish sentiment has been supported by the following factors:
→ Bitcoin price rally. Yesterday, we analysed the BTC/USD chart and anticipated that bulls might attempt to set a new record. Following the publication, Bitcoin made a strong upward move, breaking above the $118,000 level.

→ Passage of the GENIUS bill in the US, which establishes a regulatory framework for the use of stablecoins.

Can COIN stock continue to climb?



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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: Gold and WTI Crude Oil Climb Higher Amid Market Optimism


Gold price started a fresh increase above the $3,350 resistance level. WTI Crude Oil price climbed higher above $66.50 and might extend gains.

Important Takeaways for Gold and WTI Crude Oil Price Analysis Today

• The gold price started a fresh surge and traded above $3,330.
• A key bullish trend line is forming with support at $3,350 on the hourly chart of gold at FXOpen.
• WTI Crude Oil price started a decent increase above the $66.60 resistance levels.
• There was a break above a connecting bearish trend line with resistance at $67.15 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis


On the hourly chart of Gold at FXOpen, the price formed a base near the $3,280 zone. The price started a steady increase above the $3,330 and $3,350 resistance levels.

There was a decent move above the 50-hour simple moving average and $3,360. The bulls pushed the price above the $3,365 resistance zone. A high was formed near $3,373 and the price is now consolidating.

On the downside, immediate support is near the $3,350 level and the 23.6% Fib retracement level of the upward move from the $3,282 swing low to the $3,373 high.

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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 the Evening Star Candlestick Pattern, and How Can You Use It in Trading?


Candlestick patterns offer traders a way to read price action and spot potential changes in momentum. One notable pattern is the evening star, a three-candle formation that signals the start of a possible downtrend. This article breaks down what the evening star looks like, how it works, and how traders typically use it.

What Is the Evening Star Candlestick Pattern?

The evening star is a three-candle pattern that traders watch for after a strong upward move. It?s considered a bearish reversal pattern, signalling that bullish momentum is fading. The setup consists of three candles:

• The first candle is a large bullish candle?it shows a clear upward direction.
• The second is much smaller. This middle candle?the star?reflects hesitation. Buyers and sellers are more balanced, and the market?s pace slows.
• The third candle acts as confirmation. It?s a solid bearish candle that closes deep into the body of the first.

The middle candle also often gaps up from the first, especially in stocks or indices, but gaps aren?t essential. What matters is the sequence: strength, indecision, reversal. The further the final candle closes into the body of the first, the stronger the pattern is considered.

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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.

How Do Traders Use the Pivot Points Indicator?


Pivot points are a popular technical analysis tool for spotting areas where the price is expected to react, i.e. pause or reverse. Calculated using the previous day?s high, low, and close, they?re projected onto the current session to highlight potential support and resistance levels, especially useful for intraday traders.

Alongside stock charts, pivot point levels can be used in a wide variety of markets, including forex, commodities, and cryptocurrencies*. As a versatile indicator, pivot points also come in many different types. This article breaks down the definition of pivot points, the variations traders use, and how they can fit into a broader trading strategy.

A Deeper Look at Pivot Points
A common question in technical analysis is, ?What is a pivot point?? Pivot points trading, or pivot point theory, is a popular technical analysis concept used in a range of financial asset classes, including stocks, currencies, cryptocurrencies*, and commodities. The indicator assists traders in gauging overall market trends and determining possible support and resistance barriers.

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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.