How to Use Stock Volume in CFD Trading
Volume is one of the fundamental aspects of all markets. If you're wondering, "What does volume mean in the stock market?," you're about to discover how this critical measure of shares traded can unlock deeper insights into market trends and investor behaviour. We delve into how to use stock volume to improve your trading,...
Brent Crude Oil Analysis: Bulls Hold the Line at Key Support
The XBR/USD chart reveals that Brent crude oil is trading near its lowest levels of the year.
Several factors are pressuring oil prices:
→ China's uncertain demand outlook: As the world's largest crude oil importer, any signs of weakening demand weigh heavily on the market.
→ A strengthening US...
Netflix (NFLX) Stock Hits Another All-Time High
The daily chart for Netflix (NFLX) shows that its price has risen by more than 10% since the start of November, setting a series of new all-time highs. Today, Netflix's stock price is trading above $830.
The bullish momentum is attributed to several factors, including stronger-than-expected Q3 earnings:
→ Earnings...
Alibaba (BABA) Shares Drop Ahead of Earnings Report
Tomorrow, on 15 November, Alibaba (BABA) will release its third-quarter 2024 earnings report. Analysts forecast a drop in earnings per share to $2.11 from $2.26 in the previous quarter.
Ahead of the report, Alibaba's share price has shown a downward trend, with a decline of over 20% from its October high. This...
S&P 500 Index Stabilises Near Resistance Block
The ATR indicator on the S&P 500’s 4-hour chart (US SPX 500 mini on FXOpen) currently shows a reduction in price volatility.
This drop in volatility can likely be attributed to:
→ The market having fully absorbed the impact of Trump’s recent presidential win;
→ No unexpected news from yesterday’s CPI report, which...
Using Derivatives for Hedging Risks on Forex
In the dynamic world of forex trading, understanding how to protect one's position is paramount. This article delves into the strategic use of derivatives, specifically CFDs, to hedge against potential adverse currency movements, offering traders a safety net in the volatile forex environment.
The Concept of Hedging...
Nvidia (NVDA) Shares Consolidating Below $150
On October 22, while analysing Nvidia (NVDA) stock charts, we noted:
→ The stock had reached the $140 level;
→ A long-term ascending channel (shown in blue) was mapped;
→ Potential for price growth along the Quarter Line was suggested, dividing the lower half of the channel.
Bullish sentiment remains around...
XAU/USD Analysis: Gold Price Drops to $2,600 per Ounce
On November 4, when gold was trading around $2,750, we observed bearish signals on the XAU/USD chart.
Since then, the price has declined to the $2,600 level, briefly dipping below it — the lowest price since mid-September.
According to Trading Economics, investors may be losing interest in gold for several...
Application of Quantum Analysis in Forex
Quantum mechanics, once the realm of advanced physics, is making waves in the forex trading world. As technology evolves, the principles of quantum analysis are set to revolutionise trading strategies, offering profound insights into market movements. Dive in to learn about quantum AI, quantum analysis, and the challenges...
Amazon Stock (AMZN) Holds Above $200
On Thursday, October 31, Amazon released its Q3 earnings report:
→ Earnings per share: actual = $1.43, forecast = $1.14;
→ Gross sales: actual = $158.8 billion, forecast = $157.2 billion.
The report exceeded analyst expectations, with additional optimism driven by Trump’s victory and a Fed rate cut, pushing Amazon’s stock...
Market Analysis: USD/CHF Turns Green
USD/CHF is rising and might aim a move toward the 0.8850 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF is showing positive signs above the 0.8745 pivot zone.
- There was a break above a short-term bullish continuation pattern with resistance at 0.8770 on the hourly chart at FXOpen.
USD/CHF...
Market Analysis: EUR/USD Dips Further
EUR/USD extended losses and traded below the 1.0775 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.0935 resistance and declined against the US Dollar.
- There is a key bearish trend line forming with resistance at 1.0680 on the hourly chart of EUR/USD at FXOpen.
EUR/USD...
How Exchange Rates Affect International Businesses
Exchange rates directly affect the cost of goods and services in international trade and can have a substantial impact on a company’s revenue and profit margins. Foreign exchange risk refers to the potential financial impact caused by fluctuations in the value of currencies. Companies with cross-border...
Coinbase (COIN) Stock Price Approaches a Record High
On 15 October, in our analysis of Coinbase (COIN) stock:
→ we established a long-term upward channel (shown in blue),
→ speculating that bulls were aiming to renew the trend from its lower boundary.
Then, on 30 October, Coinbase released its Q3 performance report to investors. Results fell short of...
GBP/USD Chart Analysis: Bears Apply Pressure to Key Support
According to ICE data, the U.S. Dollar Index futures have reached highs last seen in early July 2024. The dollar’s strength is attributed, in part, to anticipated economic stimulus measures outlined by the newly elected President Donald Trump during his campaign.
This has put pressure on other...
Market Analysis: WTI Crude Oil Eyes Upsides
Crude oil price is rising and it could climb further higher toward the $75.00 resistance.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices are moving higher above the $70.00 resistance zone.
- There is a key bullish trend line forming with support near $70.90 on the hourly chart...
Market Analysis: Gold Price Takes Hit
Gold price is declining below the $2,700 support zone.
Important Takeaways for Gold Price Analysis Today
- Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar.
- There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen.
Gold Price...
Who Benefits from a Weak Dollar?
As the global reserve currency, the performance of the US dollar (USD) against currencies from other countries is an important trading indicator. While a weak dollar might sound negative, there are financial assets that benefit when the US currency – also known as the greenback because of the colour of the banknotes – trades...
