Market Analysis: AUD/USD Could Recover In Short-Term
AUD/USD is attempting a recovery wave from 0.6660.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support near 0.6660 and is now recovering against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6690 on the hourly chart of AUD/USD at...
How to Trade with the Ultimate Oscillator
While there are many indicators out there, few incorporate multiple timeframes. The Ultimate Oscillator, with its multi-timeframe approach, is an effective tool for spotting divergences. In this article, we will break down how this indicator works, what signals it produces, and how it compares to other well-known...
Weekly Market Wrap With Gary Thomson: GBP, EUR, Natural Gas and NVIDIA (NVDA) 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.
— Pound Falls After Inflation Report
— Euro Tests Key Support Levels...
Taiwan Semiconductor (TSM) Shares Rise by Nearly 10%
Taiwan Semiconductor Manufacturing Company Limited (TSM) posted quarterly results that exceeded analyst expectations, driven by strong demand for AI-related chips:
→ Earnings per share: Actual = $1.95, Expected = $1.79;
→ Revenue: Actual = $23.6 billion, Expected = $23.3 billion.
According to the Wall Street...
XAU/USD Analysis: Gold Price Surpasses $2700 for the First Time
The XAU/USD chart shows that gold has reached a historic high, surpassing the psychological level of $2700.
According to Yahoo Finance:
→ Bullish momentum is being driven by central banks increasing their gold reserves;
→ Goldman Sachs analysts have raised their gold price target from $2700 to...
Market Analysis: USD/CAD Remains in Uptrend
USD/CAD is rising and might aim for more gains above the 1.3820 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.3745 support zone.
- There was a break above a major bearish trend line with resistance at 1.3765 on the hourly chart at FXOpen.
USD/CAD...
Market Analysis: GBP/USD Takes Hit
GBP/USD started a fresh decline below the 1.3200 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started a major decline from the 1.3400 resistance zone.
- There was a break above a key bearish trend line forming with resistance at 1.3000 on the hourly chart of GBP/USD at FXOpen.
GBP/USD...
Morgan Stanley (MS) Shares Rise 6.45%, Setting Historic High
Morgan Stanley (MS) reported its third-quarter results:
→ Earnings per share: actual = $1.88, forecast = $1.59
→ Gross revenue: actual = $15.38 billion, forecast = $14.35 billion
According to Barron’s, Morgan Stanley’s profit increased by 32% compared to last year, driven by heightened activity in...
What Is the S&P 500 Index and How to Trade It via CFDs?
The S&P 500 index is a cornerstone of the financial world, providing a snapshot of the US stock market by tracking 500 of the largest companies. This FXOpen article delves into the essence of the S&P 500, its operational mechanics, and how traders can navigate its movements through CFDs.
What Is the S&P...
Nvidia (NVDA) Shares Fall Over 4%, Missing a Record High
On 12 September, when analysing Nvidia’s (NVDA) stock chart, we drew an upward channel (shown in blue) and noted several resistance levels, including:
→ a downward trendline (shown in red);
→ a psychological level at $130.
As Nvidia’s (NVDA) stock chart shows, the bulls managed to overcome this resistance...
Pound Falls After Inflation Report
The Consumer Price Index (CPI) report for the UK was released today, showing that inflation is decreasing at a faster rate than analysts had predicted. According to data from ForexFactory:
→ Yearly CPI: actual = 1.7%, forecast = 1.9%, previous = 2.2%;
→ Yearly Core CPI: actual = 3.2%, forecast = 3.4%, previous = 3.6%.
The...
Using Big Data Analytics in Forex Trading
Recent years have seen explosive growth in the amount of data in circulation, and the financial industry is no exception. The use of big data analytics in forex trading has become increasingly popular as traders and institutions look to gain a competitive edge through the analysis of vast data sets.
The forex market is...
Coinbase (COIN) Shares Rise by Approximately 18% in Two Days
According to the chart, while trading in cryptocurrency exchange Coinbase (COIN) shares opened around $166 on Friday, yesterday's session closed above $196, marking a price increase of around 18% in just two days.
Factors contributing to the sharp rise in Coinbase (COIN) shares include:
→ Bullish...
Natural Gas Price Drops Over 8% Since the Start of the Month
On 26 September, when analysing the XNG/USD natural gas price chart, we noted that:
→ Bulls might be "gathering strength" for a potential attempt to break the psychological level of 3.00.
→ If successful, this would pave the way towards the yearly high around 3.20.
Since then, the price of natural...
Global Currency Trade: In-Depth Analysis
Global currency trade, a cornerstone of the modern financial landscape, orchestrates the ebb and flow of money across international borders. It's not just a market but a complex network where varied currencies, pivotal in shaping economies, are exchanged. This article delves into the intricacies of this dynamic world,...
JPMorgan (JPM) Shares Rise Over 4% Following Earnings Report
On Friday, before the market opened, JPMorgan (JPM) released its Q3 earnings, which exceeded expectations:
→ Earnings per share: Expected = $3.99, Actual = $4.97
→ Revenue: Expected = $41.4 billion, Actual = $43.4 billion
CEO Jamie Dimon praised the strong results but issued several cautionary...
How to Trade Crude Oil: Trading Strategies
Learning how to trade crude oil requires a nuanced understanding of its fundamental aspects, instruments, and trading strategies. This comprehensive article offers insights into the critical elements that affect crude oil prices, the range of instruments available for trading, and specific strategies traders use in this...
S&P 500 Reaches Another Record High
As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the leading US stock index set its 45th record of the year, closing above 5800 on Friday. This marks the fifth consecutive week of growth, with the index up more than 22% since the start of the year.
According to Reuters, the bullish market sentiment is driven by the...
