Market Analysis: Oil Price Dips Further
Crude oil is showing bearish signs and might decline below $66.80.
Important Takeaways for Oil Price Analysis Today
- Crude oil prices failed to clear the $72.20 region and started a fresh decline.
- There is a connecting bearish trend line forming with resistance at $68.10 on the hourly chart of XTI/USD at FXOpen.
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Market Analysis: Gold Price Sets New High
Gold price rallied further and traded to a new high above $2,680.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from the $2,545 zone against the US Dollar.
- A key bullish trend line is forming with support near $2,665 on the hourly chart of gold at FXOpen.
Gold Price...
Natural Gas Price Hits 3-Month High
According to today's XNG/USD chart, the price of natural gas:
→ has risen by approximately 30% since the beginning of September;
→ is currently around the 2.95 level – the last time the price was at this level was at the end of June this year.
Bullish sentiment is supported by:
→ forecasts of a warmer autumn, which is...
Shares of Chinese Companies Surge
As evidenced by today’s Hang Seng chart (Hong Kong 50 on FXOpen), this stock index has risen to a yearly high.
Bullish sentiment in the market is bolstered by promises from China's top leadership, including President Xi Jinping, to achieve the growth target for 2024 and to halt the decline in the real estate market.
Bloomberg...
Institutional and Retail Traders: Where the Difference Lies
There are many players in the financial markets who can cause changes in trend direction, but let’s focus on institutional and retail traders. This FXOpen article compares retail vs institutional trading. You’ll learn about the characteristics of these types of traders, how they affect the markets, as...
Meta Platforms (META) Stock Price Holds Near All-Time High
As shown on the Meta Platforms (META) stock chart, the price remains around the $560 level, less than 2% away from the all-time high of over $570, reached on 23 September.
A significant gain of approximately 3.80% in one day was achieved on 19 September, driven by increased demand for shares following...
Analysis of NZD/USD: Exchange Rate Hits Yearly High Today
According to the NZD/USD chart, the exchange rate has reached 0.635 New Zealand dollars per US dollar today, its highest level since December 2023.
As reported by Trading Economics:
→ On one hand, the "kiwi" strengthened due to China's announcement of an economic stimulus package, as China is New...
Market Analysis: NZD/USD Follows Suit
NZD/USD might aim for more gains above 0.6300.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is consolidating gains from the 0.6350 zone.
- There is a major bullish trend line forming with support at 0.6280 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD...
Market Analysis: AUD/USD Rallies Toward 0.7000
AUD/USD surged above the 0.6800 and 0.6850 levels.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar rallied after forming a base above the 0.6750 level against the US Dollar.
- There is a key bullish trend line forming with support at 0.6860 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
How to Trade with the Island Reversal Pattern
Price action analysis serves as a pivotal methodology in financial markets, offering a means to assess and determine the future price movements of various assets, including stocks, currencies, and commodities. Among the many tools employed within this method, the Island Reversal pattern stands out as a significant...
The Price of Gold Continues to Hit Record Highs
As shown by today's XAU/USD chart, the price of an ounce of gold is around $2,628, marking a new all-time high for three consecutive trading days: 20th, 23rd, and 24th September.
The bullish sentiment in the gold market is driven by:
→ the reaction to Wednesday’s decision by the Federal Reserve to cut interest...
EUR/GBP Exchange Rate Hits 29-Month Low
According to today’s daily chart of EUR/GBP:
→ The rate is around £0.832 per euro – the lowest since April 2022.
→ The RSI indicator has dropped into oversold territory.
Yesterday, the EUR/GBP rate fell by 0.71%, driven by bearish sentiment following the release of PMI indices, which indicated a slowdown in the Eurozone...
Comparison of Money Market vs Capital Market
Navigating the financial world requires a clear understanding of its various facets, especially when comparing the money market vs the capital market. These two pivotal markets serve distinct roles in the economy, catering to different investment horizons and risk profiles. This article aims to demystify these...
The Price of Nike (NKE) Shares Surged by More Than 6%
Investors in Nike (NKE) can hardly call 2024 a successful year:
→ while the S&P 500 index (US SPX 500 mini on FXOpen) has risen by over 20% since the beginning of the year and is hovering near historic highs,
→ the price of NKE shares has dropped by about 20% in 2024 and is now more than twice as low as its...
Smart Money Concept and How To Use It in Trading
In the world of forex trading, understanding the movements and strategies of the market's most influential players like banks and hedge funds—termed "smart money"—can provide retail traders with a significant advantage. This FXOpen article offers a deep dive into the Smart Money Concept, discussing how...
USD/ZAR: New Trading Opportunities at FXOpen
FXOpen traders can now incorporate the USD/ZAR currency pair into their strategies. If you want to diversify your portfolio and deal with market volatility, open an account now and enjoy USD/ZAR trading.
As shown by the USD/ZAR chart, on 19th September the price fell below the 17.400 level for the first time since...
Weekly Market Wrap With Gary Thomson: S&P 500, Fed Cuts Interest Rates, US Dollar, S&P/ASX 200 Index
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- S&P 500 Sets Record Ahead of Fed Decision
- Fed Cuts...
The Price of Tesla (TSLA) Shares Has Risen by More Than 7%
As the Tesla (TSLA) stock chart shows today, the price increased by more than 7% during yesterday's trading, surpassing the $240 mark.
The bullish sentiment was supported by the following factors:
→ The Federal Reserve's decision to cut interest rates by 0.5%;
→ Data tracked by Citi analyst Jeff Chung....
