Market analysis from FXOpen
Market Insights with Gary Thomson: US Inflation Rate and Producer Price Index, BoC Interest Rate 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, we...
Broadcom Inc. (AVGO) Stock Surges Over 8% As shown on the chart, Broadcom Inc. (AVGO) shares soared by more than 8% in Friday’s trading session. The bullish momentum is driven by strong quarterly results released last week and an optimistic outlook highlighting sustained demand in the artificial intelligence sector: → Earnings per share: $1.60 (Analyst...
XNG/USD Analysis: Natural Gas Price Hits Over Two-Year High On 27 January, while analysing the natural gas chart, we noted that price fluctuations: → Were forming an ascending channel. → Identified $3.700 as a key resistance level. As shown on the XNG/USD chart, bears had control in late January but failed to maintain their grip. Since then: → Natural gas...
Market Analysis: NZD/USD Could Continue Higher NZD/USD is showing positive signs and might attempt a fresh increase above 0.5720. Important Takeaways for NZD USD Analysis Today - NZD/USD is holding gains above the 0.5695 support zone. - There was a break below a major bullish trend line with support at 0.5720 on the hourly chart of NZD/USD at FXOpen. ...
Market Analysis: AUD/USD Could Continue Higher AUD/USD is correcting gains from the 0.6365 zone. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar started a downside correction from 0.6365 against the US Dollar. - There is a key bullish trend line forming with support at 0.6300 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical...
Hang Seng Index Reaches Three-Year High A month ago, while analysing the uptrend in the Hang Seng index (Hong Kong 50 on FXOpen), we noted that: → Positive sentiment was driven by the success of the DeepSeek startup, boosting Chinese tech stocks and mobile operators. → Price movements formed a bullish structure based on Fibonacci proportions. → Analysts...
Netflix (NFLX) Shares Among the Biggest Losers in the US Stock Market According to market charts: → Netflix (NFLX) shares fell by approximately 8.5% during yesterday’s trading session, indicating that bulls failed to sustain the price above the psychological $1,000 per share level. → The S&P 500 index (US SPX 500 mini on FXOpen) hit a new low for 2025, closing...
What Is a Spot Rate and How It Is Used in Trading? Spot rates are a cornerstone of trading, reflecting the real-time price for immediate settlement of assets like currencies and commodities. They provide traders with crucial insights into market conditions and influence strategies across various domains. This article explores what spot rates are, how they work,...
Gold Prices Rise Amid Recession Fears As the XAU/USD chart indicates, gold prices have risen in the early days of March. Bullish sentiment is being driven by: → Investor positioning ahead of key US labour market data – the Non-Farm Employment Change report (due Friday at 16:30 GMT+3), which could provide insights into the Federal Reserve’s interest rate...
Ford (F) Stock Price Rises Following Trump's Decision The White House announced on Wednesday that automakers will receive a one-month exemption from tariffs on imports from Mexico and Canada for vehicles that comply with the free trade agreement between these two countries and the United States. White House Press Secretary Karoline Leavitt stated that this move...
What Is Market Capitulation, and How Can You Trade It? Market capitulation occurs when investors collectively surrender to market fears, leading to a sharp decline in asset prices. This article delves into the mechanics of capitulation, how to identify it, and ways to trade effectively during these tumultuous times. Understanding Market Capitulation Market...
Bank of America (BAC) Shares Drop Over 6% On 18 February, we reported that Warren Buffett was selling bank stocks, including Bank of America (BAC) and Citigroup (C). This proved to be a sharp decision, as yesterday: → Bank of America (BAC) shares fell by 6.34% → Citigroup (C) shares fell by 6.25% As a result, BAC stock hit its lowest level of 2025. Why Did...
Trump’s Tariffs on Canada: USD/CAD Remains Volatile We are witnessing a surge in market volatility (as reflected by the upward trend of the ATR indicator), influenced by the following factors, according to Reuters: → Trump’s Tariffs. On Tuesday, new 25% import duties on Mexico and Canada came into effect, while tariffs on Chinese goods were doubled to 20%. →...
Market Analysis: USD/CHF Dips Further USD/CHF declined and now struggling below the 0.8950 resistance. Important Takeaways for USD/CHF Analysis Today - USD/CHF declined below the 0.8975 and 0.8950 support levels. - There is a short-term contracting triangle forming with resistance near 0.8910 on the hourly chart at FXOpen. USD/CHF Technical Analysis On...
Market Analysis: EUR/USD Rallies EUR/USD started a fresh increase above the 1.0550 resistance. Important Takeaways for EUR/USD Analysis Today - The Euro started a decent recovery wave from the 1.0360 zone against the US Dollar. - There is a connecting bullish trend line forming with support near 1.0570 on the hourly chart of EUR/USD at FXOpen. EUR/USD...
US Nonfarm Payroll Report: Market Insights Navigating the complex waves of the financial markets requires an astute understanding of various economic indicators. Among them, the nonfarm payroll report stands out as a pivotal monthly metric that can significantly sway financial markets. This article demystifies the intricacies of this influential report, walking...
Brent Crude Price Breaks Key Support Level Today, Brent crude is sliding towards the psychological $70 per barrel mark, with the XBR/USD chart showing a break below a key support level (marked in blue) that had been holding since autumn last year. Why Is Brent Crude Falling? The bearish sentiment in the market is driven by OPEC+’s decision to increase oil...
Nvidia (NVDA) Stock Hits New Yearly Low The NVDA stock chart shows that during yesterday’s trading session, the price dropped to $112.16, marking: → A new low for 2025, surpassing the previous bottom set on 3 February. → The lowest price in nearly five months. Why Is Nvidia (NVDA) Stock Falling? Bearish sentiment may be driven by: → A Wall Street Journal...