TSLA Share Price Up About 13% Despite Disappointing Report
Yesterday, TSLA trading closed at USD 144.68 per share, after which Tesla reported its results for the 1st quarter:
→ earnings per share: actual = USD 0.45, forecast = USD 0.49;
→ gross income: actual = USD 21.45 billion, forecast = USD 22.2 billion.
However, in the post-market, TSLA's share price rose...
Market Analysis: Oil Price Regains Strength
Crude oil price is rising and it could climb further higher toward the $85.50 resistance.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices are moving higher above the $82.00 resistance zone.
There was a break above a connecting bearish trend line with resistance at $82.00 on the hourly chart...
Market Analysis: Gold Price Corrects Gains
Gold price rallied above $2,400 before correcting lower.
Important Takeaways for Gold Prices Analysis Today
Gold price rallied significantly above $2,400 and recently corrected lower against the US Dollar.
It cleared a key bearish trend line with resistance at $2,310 on the hourly chart of gold at FXOpen.
...
Countertrend Impulse Strategy
Countertrend trading is a well-respected way to trade. Combining it with the predictive power of impulse movements can help traders act on market reversals. This article delves into the components and practical application of this strategy, providing insights for any trader looking to enhance their trading skills.
Understanding...
The Price of Gold XAU/USD Shows Strongest Fall in Almost 2 Years
On Monday, the price of gold fell from USD 2,386 to USD 2,333 per ounce — this is the strongest drop in one day in almost 2 years, according to Bloomberg. On Tuesday morning in the Asian session, the price continued to decline, reaching USD 2,300 per ounce.
This happened against the backdrop...
Why Would Countries Devalue Their Currency?
Currency devaluation is a nuanced aspect of fiscal policy with profound implications globally. This article demystifies the strategic reasons and consequential effects when nations choose to devalue their currency. From influencing trade balances to adjusting economic strategies, understanding these dynamics is crucial...
Weekly Market Wrap With Gary Thomson: UK100, USD, GOLD, OIL
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.
UK100 Share Index Rises as UK Inflation Slows
The Dollar is Corrected after the Comments...
NFLX Stock Price Falls Despite Subscriber Growth
Yesterday, after the close of the main trading session on the stock market, Netflix reported to investors for the 1st quarter of 2024.
The report turned out better than expected:
→ earnings per share: actual = USD 5.28, forecast = USD 4.52;
→ gross income: actual = USD 9.40 billion, forecast = USD 9.27.
→ The...
Escalation Between Iran and Israel: How the Price of Brent Oil Reacts
On the night of Thursday into Friday, reports emerged that Israel had attacked Iran following Iran's attack on Israel over the weekend.
Let's remember that we wrote on Monday that after a 300 drone and missile attack on Israel over the weekend, the price of Brent oil did not rise. Perhaps...
Strategies for Trading Exotic Currency Pairs
Exotic currency pairs offer unique opportunities in forex trading, combining major currencies with those from emerging or smaller economies. While they may be less frequently traded than major or minor pairs, their higher volatility can lead to significant price swings. This article delves into exotic currency pairs...
Market Analysis: NZD/USD Turn Red
NZD/USD is also moving lower and might struggle to recover above 0.5950.
Important Takeaways for NZD/USD Analysis Today
NZD/USD declined steadily from the 0.6000 resistance zone.
There is a key bearish trend line forming with resistance at 0.5890 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis...
Market Analysis: AUD/USD Turn Red
AUD/USD declined below the 0.6500 and 0.6455 support levels.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar.
There is a connecting bearish trend line forming with resistance at 0.6410 on the hourly chart of AUD/USD at FXOpen.
...
Since the Start of the Week, Brent Oil Price Has Dropped over 4%
At the beginning of the week, March 15, we wrote that the price of Brent oil could form a correction from the resistance level of USD 91 per barrel. Since then, the price has decreased by more than 4% due to a number of factors:
→ easing concerns about the escalation of the conflict between Israel...
UK100 Share Index Rises as UK Inflation Slows
Yesterday, the UK Office for National Statistics (ONS) reported that the CPI stood at 3.2% in March. According to ForexFactory, analysts expected 3.1%, and a month ago the index was 3.4%.
Grant Fitzner, chief economist at the ONS, said: “Once again, food prices were the main reason for the fall, with prices rising...
UnitedHealth (UNH) Share Price Surges after Strong Report
UnitedHealth shares surged Tuesday, rising more than 5% after the health care giant delivered stronger-than-expected first-quarter 2024 results:
→ earnings per share: actual = USD 6.91, expected = USD 6.61, last quarter = USD 6.16;
→ gross income: actual = USD 94.4 billion, expected = USD 92.1...
USD/JPY Analysis: Prospect of a Breakout of the Level of 155 Yen per Dollar
The USD/JPY rate has consistently reached new highs since 1990, approaching the psychological level of 155 yen per US dollar. The Japanese currency has already fallen about 9% against the dollar this year.
This is supported by Jerome Powell, who suggested yesterday that US interest...
Market Analysis: USD/JPY Extend Rally
USD/JPY surged and broke the 154.00 resistance zone.
Important Takeaways for USD/JPY Analysis Today
USD/JPY climbed higher above the 153.40 and 154.25 levels.
There is a connecting bullish trend line forming with support at 154.25 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of...
Market Analysis: EUR/USD Nosedives
EUR/USD started another decline and traded below 1.0700.
Important Takeaways for EUR/USD Analysis Today
The Euro started a fresh decline below the 1.0695 support zone.
There was a break above a key bearish trend line with resistance at 1.0630 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On...
