Market Insights with Gary Thomson: BoC & ECB Rates, Canada and US Job Data & Earnings Reports
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 discuss:
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EUR/USD Rises to 4-Week High
As shown on the EUR/USD chart today, the euro rose to a 4-week high against the US dollar this morning.
The euro's strength relative to the US dollar is supported by traders’ expectations ahead of the ECB's interest rate decision, scheduled for Thursday at 15:15 GMT+3.
This upcoming event is notable not only because the ECB is...
Market Analysis: WTI Crude Oil Price Could Gain Bullish Pace
WTI Crude Oil is gaining bullish momentum and might even test $62.75.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude Oil climbed above the $60.50 and $60.80 resistance levels.
- There was a break above a key bearish trend line with resistance at $60.80 on the hourly chart...
Market Analysis: Gold Price Could Gain Bullish Pace
Gold started a fresh increase above the $3,300 resistance level.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from the $3,250 zone against the US Dollar.
- A connecting bearish trend line is forming with resistance at $3,318 on the hourly chart of gold at...
Broadcom (AVGO) Stock Price Rose by Approximately 25% in May
According to available data:
→ AVGO's closing price on 30th April was $192.42
→ The closing price on 30th May was $241.59
The 25% increase in Broadcom (AVGO) stock price made it one of the leaders in the market. For comparison, the S&P 500 index (US SPX 500 mini on FXOpen) rose just over 6%.
Why is...
Musk Steps Away from Politics: What Does It Mean for Tesla (TSLA) Stock?
Yesterday, it was announced that Elon Musk will be stepping down from the Trump administration as his term as head of DOGE—where he focused on reducing government spending—has come to an end.
This decision follows his statement at the economic forum in Qatar, where Musk said he plans to...
XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300
Throughout May, a turbulent news backdrop — involving both international trade tariffs and armed conflicts — led to the formation of a peak around $3,430 and a low near $3,130 on the XAU/USD chart. As of today, the price per ounce stands around $3,300 — roughly the same level as at the beginning of the...
Nvidia (NVDA) Stock Price Rises Over 4% Following Earnings Report
Yesterday, after the main trading session, Nvidia released its quarterly earnings report, which exceeded analysts' expectations:
→ Earnings per share: actual = $0.81, forecast = $0.73
→ Revenue: actual = $44 billion, forecast = $43.3 billion
Additionally, according to media reports, Nvidia issued...
US Federal Court Rules Trump Tariffs Unconstitutional
According to media reports, the US Court of International Trade has:
- declared the tariffs imposed by President Donald Trump illegal;
- ruled that the President exceeded his authority;
- blocked the tariffs, emphasising that under the US Constitution, only Congress has the power to impose tariffs.
The...
What Is Naked Forex Trading, and How Do Traders Use It?
Traders rely on various tools and techniques to trade the forex market. Naked forex trading is one of the oldest and most popular trading approaches among currency traders. This article delves into the details of naked trading, providing insights into its implementation and distinguishing features that set...
GBP/USD Analysis: Price Searching for Support
In the second half of May, the British pound showed notable strength: from its 12 May low, GBP/USD climbed to a peak on 26 May — marking its highest level in over three years.
Demand for the pound has been driven by several factors:
→ A surge in inflation. CPI data released last Wednesday came in above...
DELL Stock Price Analysis Ahead of Earnings Release
In addition to Nvidia’s (NVDA) quarterly report, this week financial market participants are also closely watching Dell Technologies’ (DELL) earnings release, scheduled for Thursday, 29 May, after the close of the trading session.
According to analysts cited by the media:
→ the company’s revenue is expected to...
Forex Trading Time Zones: Market Hours and Overlaps
In the world of forex trading, understanding the dynamics of different time zones is paramount. This article delves into the intricate web of currency trading time zones, exploring the 24-hour cycle, major trading hours, and the nuanced opportunities each presents.
The 24-Hour Cycle of Forex Market Time Zones...
Market Analysis: NZD/USD Faces Pressure, Dips Again
NZD/USD is also moving lower and might extend losses below 0.5935.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.6000 resistance zone.
- There is a major bearish trend line forming with resistance at 0.5960 on the hourly chart of NZD/USD at FXOpen.
NZD/USD...
Market Analysis: AUD/USD Faces Pressure, Dips Again
AUD/USD declined below the 0.6500 and 0.6460 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 0.6460 on the hourly chart of...
Analysing the Volatility Spike on the USD/JPY Chart
The USD/JPY chart offers plenty of noteworthy insights for analysis:
→ A one-month low was recorded today (marked by the arrow);
→ This was followed by a sharp upward reversal, with a series of large bullish candlesticks forming on the intraday chart.
Why Is USD/JPY Moving Sharply Today?
The primary driver...
What’s Happening with Nvidia (NVDA) Ahead of Earnings?
After an extended weekend due to Veterans Day in the US (observed on Monday), financial markets are returning to active trading. The highlight of the week will be Nvidia’s (NVDA) earnings report, scheduled for Wednesday after the close of the main trading session.
What You Need to Know Ahead of Nvidia’s...
What Is Stock Tape Reading, and How Do Traders Use It?
Tape reading is a real-time market analysis method used to track buying and selling pressure. Unlike technical indicators, which rely on historical data, tape reading focuses on executed trades, order flow, and liquidity shifts. Traders use it to assess momentum, identify institutional activity, and refine...
