How Black Friday Could Impact the Stock Market in 2024
Black Friday, one of the most anticipated and significant days in retail, falls on the Friday following Thanksgiving in the United States. This day is considered an early indicator of the success of the Christmas shopping season and can serve as a trigger for the so-called "Santa Claus rally" – a period of...
Kill Zone Trading in Forex
Kill Zones represent key periods when market volatility and trading volume surge. This article delves into the concept of Kill Zones, their strategic importance, and practical insights on how traders can leverage these windows for effective trading.
Understanding Kill Zones
Why do ICT Kill Zones matter? A Kill Zone in forex trading...
EUR/USD Breaks 2023 Low
Today’s PMI figures were released and came in worse than analysts’ expectations. The Flash Manufacturing PMI and Flash Services PMI for both Germany and France fell below the 50.0 threshold, indicating that Europe’s economy is slowing down.
This weakened the euro further and exacerbated the situation on the EUR/USD chart, which has been...
Alphabet Inc. (GOOGL) Shares Drop Over 4.5% in a Single Day
As the chart shows, during yesterday’s trading session, the stock price of Alphabet Inc. (GOOGL), the parent company of Google, declined by more than 4.5%. The drop was driven by regulatory pressure on the company concerning its Chrome browser, which may face a forced sale or breakup.
The US Department...
Analysis of XAU/USD: Gold Price Rises by 5% in a Week
As shown in the XAU/USD chart, last Thursday, the price of gold dropped below $2,540. Today, however, the precious metal has surged above $2,660 per ounce.
The more than 5% weekly increase was driven by a new wave of international tensions, particularly the escalation surrounding the approval for Ukraine to...
Nvidia (NVDA) Stock Drops Following Earnings Report
On 13 November, we analysed Nvidia’s (NVDA) price chart and noted:
→ The continuation of a long-term upward channel (highlighted in blue).
→ A consolidation below the psychological $150 level, forming a narrowing triangle along the Quater Line, which divides the lower half of the channel.
On 20 November,...
How To Trade Natural Gas: Tools and Approaches
Natural gas trading presents unique opportunities due to its critical role in the global energy market and its inherent volatility. This article delves into the various strategies and tools traders can use to navigate natural gas CFDs, from fundamental and technical analysis to understanding market dynamics.
...
Morgan Stanley: Trump’s Tariff Plans Could Lower Stock Indices
As reported by CNBC, Morgan Stanley analysts have evaluated the potential impact of tariff plans proposed by Donald Trump during his presidential campaign on the U.S. economy and stock market.
Key initiatives from the president-elect include:
→ Introducing a general tariff of 10% to 20% on all...
Market Analysis: NZD/USD Recovers - More Gains Ahead?
NZD/USD is also correcting losses and might recover if there is a clear move above the 0.5950 resistance.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is attempting a recovery wave above the 0.5880 resistance.
- There was a break above a major bearish trend line with resistance near 0.5860...
Market Analysis: AUD/USD Recovers - More Gains Ahead?
AUD/USD is attempting a recovery wave from 0.6440.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support near 0.6440 and is now recovering against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6480 on the hourly chart of AUD/USD at...
Shopify (SHOP) Shares Retreat After Sharp Surge
On 12 November, Shopify released its Q3 earnings report, which exceeded analysts' expectations:
- Earnings per share: actual = $0.36, forecast = $0.27;
- Gross revenue: actual = $2.23 billion, forecast = $2.15 billion.
The company also provided strong earnings guidance for Q4. According to Zacks analysts, Q4...
The Evolution of Forex Trading Platforms and the Market
Forex trading has come a long way since its early days. From manual cash exchange and institutional trading to simple, user-friendly online platforms available for everyone. This FXOpen article explores how technology has transformed forex trading and how AI-based algorithms are used to analyse market data...
Meta Platforms (META) Shares Dip Below $550
On 7 October, we analysed the Meta Platforms (META) price chart and highlighted:
→ The formation of a long-term upward channel (marked in blue).
→ The key drivers supporting bullish sentiment.
We also emphasised the psychological significance of the $600 level.
Since then, the price has approached this level four...
Forex Correlation and Diversification Strategies
In forex trading, currency correlation and diversification strategies are vital tools for managing risk and optimising returns. This article explores the nuances of these techniques, providing traders with insights to navigate the forex market effectively using currency correlation.
Understanding Forex...
Natural Gas Prices Reach Yearly Highs
According to the XNG/USD chart, natural gas prices have risen by approximately 13% since early November and this week hit a new 2024 high.
Factors Driving Bullish Sentiment (as reported by Reuters):
→ A sharp increase in global gas prices.
→ Forecasts of colder weather and higher heating demand in the United States.
Will...
Walt Disney Company (DIS) Shares Surge Over 11%
On 14 November, Walt Disney Company (DIS) released an investor report that exceeded analysts' expectations:
→ Earnings per share: Actual = $1.14; Expected = $1.10; Year-on-year growth = +39%.
→ Revenue: Actual = $22.57 billion; Expected = $22.42 billion.
The stock market responded positively, with DIS shares...
Market Analysis: USD/CAD Regains Strength
USD/CAD is rising and might aim for more gains above the 1.4100 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.4000 support zone.
- There is a connecting bullish trend line forming with support at 1.4040 on the hourly chart at FXOpen.
USD/CAD Technical...
Market Analysis: GBP/USD Nosedives
GBP/USD started a fresh decline below the 1.2750 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started a major decline from the 1.3000 resistance zone.
- There is a key bearish trend line forming with resistance at 1.2650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On...
