How Exchange Rates Affect International Businesses
Exchange rates directly affect the cost of goods and services in international trade and can have a substantial impact on a company’s revenue and profit margins. Foreign exchange risk refers to the potential financial impact caused by fluctuations in the value of currencies. Companies with cross-border...
Coinbase (COIN) Stock Price Approaches a Record High
On 15 October, in our analysis of Coinbase (COIN) stock:
→ we established a long-term upward channel (shown in blue),
→ speculating that bulls were aiming to renew the trend from its lower boundary.
Then, on 30 October, Coinbase released its Q3 performance report to investors. Results fell short of...
GBP/USD Chart Analysis: Bears Apply Pressure to Key Support
According to ICE data, the U.S. Dollar Index futures have reached highs last seen in early July 2024. The dollar’s strength is attributed, in part, to anticipated economic stimulus measures outlined by the newly elected President Donald Trump during his campaign.
This has put pressure on other...
Market Analysis: WTI Crude Oil Eyes Upsides
Crude oil price is rising and it could climb further higher toward the $75.00 resistance.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices are moving higher above the $70.00 resistance zone.
- There is a key bullish trend line forming with support near $70.90 on the hourly chart...
Market Analysis: Gold Price Takes Hit
Gold price is declining below the $2,700 support zone.
Important Takeaways for Gold Price Analysis Today
- Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar.
- There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen.
Gold Price...
Who Benefits from a Weak Dollar?
As the global reserve currency, the performance of the US dollar (USD) against currencies from other countries is an important trading indicator. While a weak dollar might sound negative, there are financial assets that benefit when the US currency – also known as the greenback because of the colour of the banknotes – trades...
Fed Cuts Rate by 0.25%; Stocks Reach Highs
Yesterday, the Federal Reserve announced a unanimous decision to lower the interest rate from 4.75% to 4.50%, marking the second consecutive cut—a move in line with analyst expectations and forecasts.
“This move will support further progress in controlling inflation as we aim for a more neutral stance over time,” said...
Tesla (TSLA) Stock Surges Following Trump’s Election Win
According to the TSLA chart:
→ Tesla shares opened this week at $244.25.
→ By yesterday’s close, the stock had reached $296.52.
This reflects a gain of over 21% for the week, with the major boost occurring on 6 November, as news broke of Trump’s U.S. presidential victory—a candidate supported by Tesla’s...
Market Analysis: WTI Crude Oil Eyes Upsides
Crude oil price is rising and it could climb further higher toward the $75.00 resistance.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices are moving higher above the $70.00 resistance zone.
- There is a key bullish trend line forming with support near $70.90 on the hourly chart...
Market Analysis: Gold Price Takes Hit
Gold price is declining below the $2,700 support zone.
Important Takeaways for Gold Price Analysis Today
- Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar.
- There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen.
Gold Price...
5 Most Popular Momentum Indicators to Use in Trading in 2024
Want to master the art of momentum trading? Look no further. In this FXOpen article, we’ll explore how to use momentum indicators, the signals they generate, and five most popular momentum indicators for trading in 2024.
What Is a Momentum Indicator?
Momentum in technical analysis refers to the...
Trump’s Lead Boosts the Dollar
Early results in the U.S. presidential election indicate a lead for the Republican candidate.
A potential Trump victory is seen as favourable for the U.S. dollar, based on Donald Trump's plans to:
→ increase tariffs on key U.S. trading partners;
→ stimulate domestic business and support small-cap companies.
Additionally, the...
Quantitative Analysis in Forex Trading
Forex trading requires various methodologies to be employed to gain market insights and to allow participants to make informed decisions. One such crucial approach is quantitative analysis, a method that involves the use of mathematical models and statistical techniques to analyse financial assets. This article explores the...
How the U.S. Presidential Election May Impact the S&P 500 Index
Today, 5 November, the U.S. presidential election is underway, and it may serve as a significant driver of volatility for global stock markets.
According to EuroNews, heightened market fluctuations are expected throughout the voting period on 5 November, potentially mirroring reactions observed...
Apple Report Drives Bearish Sentiment for AAPL Stock
Apple, the largest U.S. market-cap company, released its Q3 earnings report on October 31:
→ Earnings per share (EPS): Actual = $0.97, Expected = $1.60
→ Gross revenue: Actual = $94.9 billion, Expected = $94.5 billion
The nearly 40% miss on EPS likely disappointed investors, contributing to bearish pressure....
The Canadian Dollar: What Every Forex Trader Needs To Know
Among the major currencies covering the largest part of forex trading volume is the Canadian dollar (CAD), colloquially known as the "Loonie" due to the image of a loon bird on the back of the C$1 coin. This article aims to provide a comprehensive understanding of the CAD, a brief overview of its...
XAU/USD Analysis: Gold Price Chart Displays Bearish Signals
Analysing the XAU/USD chart on October 18, we:
→ Established a long-term upward channel (indicated in blue);
→ Suggested that the target for bulls might be the upper red line, drawn parallel to the red corrective channel.
Since then:
→ The gold price rose to the upper red line and the top of the blue...
Market Analysis: NZD/USD Rebound Could Be Limited
NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is attempting a recovery wave above the 0.5960 resistance.
- There was a break above a major bearish trend line with resistance near...
