USD/CAD Exchange Rate Stabilises
As we reported on 3 February, the decision by the US president to impose 25% tariffs on goods imported from Canada sent the USD/CAD rate soaring to a 22-year high.
However, after a round of negotiations between Donald Trump and Justin Trudeau, the tariff implementation was postponed by a month, which was reflected in the USD/CAD...
UPS Share Price Plunges to a 4.5-Year Low
Last week, United Parcel Service (UPS)—one of the world's largest parcel delivery, supply chain management, and courier service companies—released its quarterly report.
→ Earnings per share: Actual = $2.75, Expected = $2.53
→ Total revenue: Actual = $25.4 billion, Expected = $25.3 billion
Despite EPS exceeding...
Understanding Fibonacci Extensions
Have you ever noticed that market movements often occur in repeatable patterns? Well, that’s where Fibonacci extensions come into play. Join us in this article as we dive into the world of Fibonacci extensions and discover how they can be a strong addition to your trading arsenal.
A Primer on Fibonacci Ratios
Fibonacci...
PepsiCo (PEP) Shares Drop 4.5% After Earnings Report
Yesterday, PepsiCo Inc. (PEP) released its investor report, which delivered mixed results.
Positive highlights:
→ Earnings per share ($1.96) exceeded expectations ($1.94).
→ Gatorade strengthened its market position.
→ Mountain Dew Baja Blast generated $1 billion in annual revenue.
→ International revenue...
Market Analysis: USD/CHF Takes Hit
USD/CHF declined and now struggling below the 0.9120 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF declined below the 0.9160 and 0.9120 support levels.
- There was a break below a major bullish trend line with support
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair...
Market Analysis: EUR/USD Recovers
EUR/USD started a fresh increase above the 1.0310 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a decent recovery wave from the 1.0210 zone against the US Dollar.
- There was a break above a connecting bearish trend line with resistance at 1.0340 on the hourly chart of EUR/USD at FXOpen.
...
NZD/USD Analysis: Recovery from 27-Month Low
This morning, New Zealand’s labour market data was released, showing unfavourable results. The unemployment rate rose to 5.1% in Q4, the highest since Q3 2020, signalling economic slowdown and reinforcing expectations of a rate cut by the Reserve Bank of New Zealand at its meeting in late February.
However, the weak...
Three Outside Up and Down Candlestick Patterns: How to Identify and Trade Them
The three outside up and three outside down candlestick patterns offer traders a powerful way to analyse potential market reversals. Formed by 3 consecutive candlesticks they can signal key shifts in market sentiment, providing valuable insights into future price movements. In this...
USD/CNH Chart Sees Spike in Volatility Due to Tariffs
In response to the Trump administration's 10% tariff on Chinese goods, Beijing vowed to challenge the decision at the World Trade Organization.
Moreover, Chinese authorities have:
→ imposed retaliatory tariffs of 15% on US coal and liquefied gas, and 10% tariffs on oil and agricultural machinery;
→ launched...
AAPL Shares Drop Amid Trump’s Tariffs Despite Strong Earnings
Last week, Apple (AAPL) reported quarterly earnings that exceeded analyst expectations:
→ Earnings per share: $2.40 (expected: $2.35)
→ Revenue: $124.3 billion (expected: $124.2 billion)
Zacks analysts called the results “favourable,” yet Apple’s stock movement tells a different story:
→ On 31...
Mastering EUR/USD Trading
EUR/USD is the most traded forex pair, offering unparalleled liquidity and potential opportunities for traders of all levels. The exchange rate between the euro and the US dollar reflects the economic relationship between the two global powerhouses. In this article, we’ll explore what makes the EUR/USD pair so popular, the factors...
Market Insights with Gary Thomson: BoE Interest Rates, US & Canada Job Data, Corporate Earnings
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode:
- BoE...
Trump’s Tariffs Push Gold Price Down from Record High
As shown on the XAU/USD chart, gold prices surpassed $2,800 per ounce for the first time in history on 31 January. However, by 3 February, we have seen a pullback from this record high.
Today’s bearish sentiment in gold is driven by the strengthening US dollar, a reaction from currency markets to the tariffs...
Trump’s Tariffs Push USD/CAD to a 22-Year High
As promised during his election campaign, US President Donald Trump introduced tariffs just two weeks after his inauguration:
→ 25% on goods from Canada and Mexico, prompting both countries to vow retaliatory measures.
→ 10% on Chinese goods, with China announcing plans to challenge the decision at the World Trade...
Market Analysis: EUR/GBP Falls Into The Red
EUR/GBP is declining and trading below the 0.8400 support level.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is declining and showing bearish signs below 0.8400.
- There is a key bearish trend line forming with resistance at 0.8370 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the...
Market Analysis: GBP/USD Falls Into The Red
GBP/USD failed to climb above 1.2500 and trimmed all gains.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below 1.2400.
- There is a short-term declining channel forming with resistance near 1.2280 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis...
Tesla (TSLA) Stock Rises Despite Disappointing Earnings Report
Following the close of the main trading session on 29 January, Tesla (TSLA) released an earnings report that fell short of analysts' expectations. The company reported:
→ Earnings per share (EPS) of $0.66, below the expected $0.74.
→ Revenue of $25.7 billion, missing the forecasted $27.3...
Microsoft (MSFT) Shares Drop Over 6% After Earnings Report
According to the Microsoft (MSFT) stock chart:
→ The candle on 29 January closed around $441 before the company released its Q4 2024 earnings report.
→ As a result, the 30 January session opened with a significant bearish gap and closed lower at around $415, marking a total decline of over 6%, despite...
