XAU/USD Analysis: Gold Prices Poised for a New Trend
Although today is a public holiday in the US (Martin Luther King Jr. Day), financial markets are unlikely to remain calm, as traders and investors will be closely watching the inaugural speech of Donald Trump, the 47th President-elect, scheduled for 20:00 GMT+3.
Trump's speech could impact gold prices in USD,...
What Is the January Effect on Stock Markets and What Traders Do?
The January effect has long fascinated traders, highlighting a seasonal pattern where stock prices, especially smaller ones, tend to rise at the start of the year. But what drives this phenomenon, and how do traders respond? This article dives into the factors behind the January effect, its...
Market Analysis: USD/CAD Powers Higher
USD/CAD is rising and might aim for more gains above the 1.4500 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.4400 support zone.
- There is a key bullish trend line forming with support at 1.4420 on the hourly chart at FXOpen.
USD/CAD Technical Analysis...
Market Analysis: GBP/USD Under Pressure
GBP/USD started a fresh decline below the 1.2320 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started another decline from the 1.2320 resistance zone.
- There is a short-term bearish trend line forming with resistance at 1.2205 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical...
FTSE 100 Index May Reach 8500
As shown on the chart of the UK stock index FTSE 100 (UK 100 on FXOpen):
→ It has risen by over 3% in three days;
→ It is near the record high set in May last year and may reach the psychological level of 8500 points.
Bullish sentiment has been supported by yesterday's news of GDP recovery – according to media reports, the economy...
USD/JPY Hits One-Month Low
The USD/JPY pair fell to its lowest level in a month during today’s Asian session, dropping below 155.5 yen per US dollar for the first time since 19th December.
As Reuters reports:
→ The yen’s strengthening was driven by hawkish comments from Bank of Japan (BOJ) Governor Kazuo Ueda, which prompted markets to bet on a potential...
S&P 500 Index Rises to Psychological Level
The US stock market experienced an upswing following the release of inflation data yesterday. According to ForexFactory:
→ The annual Consumer Price Index (CPI) matched expectations at 2.9%.
→ The monthly Core CPI came in at 0.2%, below analysts' forecast of 0.3%.
Market participants interpreted this as a positive...
What Is a Pin Bar Candle, and How Can You Use It in Trading?
Understanding candlestick patterns is key for traders aiming to analyse market movements. One particularly insightful pattern is the pin bar candle, which can reveal crucial information about market sentiment and potential price reversals. In this article, we'll explore what this candle is and how...
Morgan Stanley (MS) Shares Display Strength Ahead of Earnings Release
The stock market is eagerly awaiting the start of the quarterly earnings season. Traditionally, it kicks off with reports from major players in the financial sector, including Morgan Stanley (MS). The bank's earnings report is scheduled for tomorrow, Thursday, before the opening of the main...
Market Analysis: WTI Crude Oil Price Regains Momentum
WTI Crude oil prices climbed higher above $77.00 and might extend gains.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices extended gains above the $74.40 and $76.50 resistance levels.
- There is a short-term declining channel forming with support at $76.00 on the hourly...
Market Analysis: Gold Price Regains Momentum
Gold price started a fresh increase above the $2,665 resistance level.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from the $2,630 zone against the US Dollar.
- It cleared a key bearish trend line with resistance at $2,670 on the hourly chart of gold at FXOpen.
...
GBP/USD Analysis: Bulls Find Renewed Hope
This morning, UK inflation data was released, as reported by ForexFactory:
Consumer Price Index (CPI): actual = 2.5%, expected = 2.6%, previous = 2.6%;
Core CPI: actual = 3.2%, expected = 3.4%, previous = 3.5%.
The foreign exchange market reacted with a surge in volatility as UK inflation showed a decline.
At the same...
Master Short-term Trading in Stock, Forex, and Crypto Markets
Short-term trading is a fast-paced approach that demands skill, strategy, and quick decision-making to capitalise on small price moves in financial markets like stocks, forex, and crypto. This article dives into advanced techniques, adaptive strategies, and psychological discipline needed to improve...
Tesla (TSLA) Stock Price Rises Above $400
According to the Tesla (TSLA) chart, the stock price increased by 2% on Monday, closing above the key psychological level of $400.
Bullish sentiment was driven by Morgan Stanley analysts raising their target price for Tesla (TSLA) from $400 to $430, citing the company's "highly promising" progress in autonomous vehicle...
Brent Oil Price Retreats from a 3-Month High
On January 6, while analysing the XBR/USD chart, we:
→ constructed an upward structure using blue trend lines;
→ highlighted the potential for a pullback after the formation of peaks A and B around the $76.20 level.
What happened next?
As shown on the XBR/USD chart, Brent oil prices retreated on January 8 to the...
Price Action Trading: Key Concepts
Price action is a popular trading method where traders analyse raw price movements on a chart, without relying on technical indicators. Traders identify patterns, trends, and key levels that help them understand market behaviour. This article explores what price action is, the key concepts, and how to get started with a price...
Market Insights with Gary Thomson: UK & US Inflation, UK GDP Growth, Corporate Earnings Statements
We’re excited to launch our new forward-looking ‘Market Insights’ series! Hosted by FXOpen’s UK COO, Gary Thomson, this series provides a fresh perspective on global markets, highlighting upcoming economic data, geopolitical events, and central bank...
Apple (AAPL) Stock Price Drops Below $240
The last time Apple (AAPL) stock traded below the $240 mark was in late November last year.
Bearish sentiment is being driven by negative news surrounding the company:
→ CNBC reports analysts' views that the excessively thin design of the new iPhone SE 4 models will complicate sales in China. The analysts also note a...
