Adobe (ADBE) Shares Drop Over 8%
On Thursday evening, Adobe Inc. (ADBE) reported its third-quarter financial results:
→ Earnings per share: actual = $4.65, expected = $4.53;
→ Revenue: actual = $5.40 billion, expected = $5.37 billion.
Despite beating analyst estimates, Adobe Inc.'s (ADBE) stock dropped by more than 9% due to a disappointing fourth-quarter...
Building a Trading Plan
When it comes to the dynamic world of finance, a well-developed plan is the cornerstone of effective trading. Although it may seem that building trading plans is useful only for traders with little experience, a plan empowers any trader to make informed decisions. This FXOpen article will delve into how to make a trading plan that aligns...
Weekly Market Wrap With Gary Thomson: S&P 500, AUD/USD, NZD/USD, USD/JPY Analysis, 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.
- S&P Rises Following Inflation Data Release
- Market...
Gold Price Hits New Record
As shown by the XAU/USD chart:
→ Gold has reached a new all-time high;
→ This morning, gold is trading around $2,567 per ounce.
Bullish sentiment is being driven by expectations of a Federal Reserve rate cut next week. According to MoneyControl, the International Monetary Fund stated on Thursday that it would be "appropriate" for the...
DAX 40 Reacts Positively to ECB's Rate Cut Decision
Yesterday, the European Central Bank’s Governing Council cut the refinancing rate, as expected, from 4.25% to 3.65%.
The ECB also stated that monetary policy would remain sufficiently restrictive "for as long as necessary" to ensure inflation returns to its medium-term target of 2%.
Financial markets...
Market Analysis: Crude Oil Price Recovers
Crude oil is recovering and might rise toward the $70.25 resistance zone.
Important Takeaways for Oil Prices Analysis Today
- Crude oil is recovering losses and trading above the $67.00 support.
- There was a break above a connecting bearish trend line with resistance near $67.00 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Rallies To New ATH
Gold price started a fresh surge above $2,550.
Important Takeaways for Gold Prices Analysis Today
- Gold price started a strong increase from the $2,500 zone against the US Dollar.
- A major bullish trend line is forming with support at $2,528 on the hourly chart of gold at FXOpen.
Gold Price Technical...
Nvidia (NVDA) Shares Surge Over 8%
According to the Nvidia (NVDA) stock chart, yesterday’s closing price was just below $117, compared to just over $108 the day before. The positive momentum was largely driven by the stock market’s reaction to inflation news, as mentioned earlier.
For Nvidia investors, this is a clear sign that the stock is regaining its...
S&P 500 Rises Following Inflation Data Release
Historically, September has been the worst month for the S&P 500 (US SPX 500 mini on FXOpen), and the start of the month reflected this trend, with the index dropping around 4.5% from 1 to 6 September, indicating bearish sentiment.
However, yesterday's event — the release of the Consumer Price Index (CPI) — may...
Exploring PAMM Accounts
Navigating the complex world of trading becomes easier with the right tools and options. PAMM accounts offer a unique opportunity for investors to leverage the skills of experienced traders. This article delves into the essentials of these accounts, discussing their mechanics, how to choose a PAMM manager, and what you need to know to get...
USD/JPY Analysis: Rate Drops to New Yearly Low
The USD/JPY chart shows the rate has fallen below its 5 August low.
This decline was influenced by comments from Bank of Japan representative Junko Nakagawa, who stated that the bank would continue raising interest rates if inflation keeps decreasing.
“Given that real interest rates are currently very low, we will...
Market Analysis: NZD/USD Trim Gains, Are Bears Back?
NZD/USD is also moving lower and might struggle to recover above 0.6200.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.6255 resistance zone.
- There is a key bearish trend line forming with resistance at 0.6155 on the hourly chart of NZD/USD at FXOpen.
NZD/USD...
Market Analysis: AUD/USD Trim Gains, Are Bears Back?
AUD/USD declined below the 0.6720 and 0.6700 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6700 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6660 on the hourly chart of...
Oracle Shares (ORCL) Surge Over 11% to Record High
As the chart shows, Oracle Corp. (ORCL) closed yesterday’s trading session above $155, and during the session, the stock even climbed above $160, marking an all-time high.
The bullish sentiment is driven by a strong quarterly earnings report:
→ Earnings per share were $1.39, surpassing the $1.33 expected by...
What Are Asset Classes? Definition and Meaning
In the realm of finance and investing, you may have come across the term "asset class". This article is designed to help you understand its definition, its meaning, and its significance in your investment journey.
Asset Class Definition
In a nutshell, an asset class refers to a grouping of investments that...
Analysis of GBP/USD Today: Bulls Face Challenges
UK labour market data was released today.
According to Dow Jones Newswires:
→ Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecast. ING analysts believe this supports the view that the Bank of England will cut interest rates more cautiously compared to the Federal...
Alphabet Inc. (GOOGL) Shares Drop to Almost Six-Month Low
Alphabet Inc. (GOOGL) shares closed below $150 yesterday, a level last seen in late March this year.
According to Barron’s, the stock is under pressure due to ongoing litigation with the US Department of Justice (DOJ), which:
→ claims Google holds a monopoly over software used for buying and selling...
Simple Portfolio Management Strategies
In financial market systems, where complexity often obscures the path to effective trading and investing, there can still be clarity and certainty based on the use of simple portfolio management strategies. In this FXOpen article, you will learn about portfolio meaning in investment and how to manage it.
Investment...
