S&P-500 Analysis: Good News is Bad News image Yesterday, S&P Global reported its Purchasing Managers' Index (PMI) values for the US, which exceeded expectations. According to ForexFactory: → Manufacturing PMI: actual = 50.9; expected = 50.0; ...

Daily Market Analysis By FXOpen

Market Analysis: Gold Price and Crude Oil Price Signal Bearish Acceleration image Gold price started a sharp decline from $2,450. Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone. Important Takeaways for ...

Daily Market Analysis By FXOpen

European Currencies Testing Key Levels: Contributing Factors image In recent trading sessions, a significant amount of crucial macroeconomic data has been released from the US, Europe, and the UK: Wednesday: Consumer Price Index (CPI) in the UK ...

Daily Market Analysis By FXOpen

USD to CAD Analytical Predictions in 2024, 2025 and Beyond image This comprehensive article delves into the intricacies of the USD to CAD exchange rate, exploring the factors that may influence its trajectory in 2024, 2025, and beyond. From ...

Daily Market Analysis By FXOpen

EUR/USD Price Forms Bullish Reversal Amid Key News image Last night, the FOMC meeting minutes were released. According to USNews, there were no major surprises. However, the confirmation of persistent inflation – along with hints that some ...

Daily Market Analysis By FXOpen

After Earnings Report, NVDA Stock Price Exceeds $1,000 image For the first time in history, Nvidia's stock price has reached a four-digit number, and its market capitalisation has surpassed $2.5 trillion, ranking third globally after Microsoft and ...

Daily Market Analysis By FXOpen

GBP/USD Rate Surges to Two-Month High After Inflation News image Today, the Consumer Price Index (CPI) figures for the UK were published. According to ForexFactory: → Annual CPI: actual = 2.3%; expected = 2.1%; previous = 3.2%. → Annual Core CPI: ...

Daily Market Analysis By FXOpen

Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles image GBP/USD is gaining pace above the 1.2640 resistance. EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis ...

Daily Market Analysis By FXOpen

Gold Price Reaches Historic High image According to confirmed information, Iranian President Ebrahim Raisi, considered a potential successor to the country's supreme leader, Ayatollah Ali Khamenei, died in a helicopter crash in a mountainous area ...

Daily Market Analysis By FXOpen

Tech Stocks Back in Vogue as Nasdaq 100 Rallies to Record High image The tech-heavy Nasdaq 100 index (US Tech 100 mini on FXOpen’s TickTrader platform) reached a new all-time high on Monday, closing the trading session at 18,684.2 according to ...

Daily Market Analysis By FXOpen

Commodity Currencies Retreat from Local Highs image Despite the cooling labour market in the US and declining inflation, the American currency continues to move towards new highs. For instance, the USD/JPY currency pair might update the current ...

Daily Market Analysis By FXOpen

Coinbase (COIN) Stock Price Holds at Key Support Level image On Thursday, stock market traders were concerned about the sharp drop in Coinbase shares, listed on the Nasdaq, which fell by 9%. This was triggered by rumours that the Chicago-based CME ...

Daily Market Analysis By FXOpen

Watch FXOpen's 13 - 17 May Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: S&P500, US Dollar, Gold Price, PEP Stocks image Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO ...

Daily Market Analysis By FXOpen

The Price of Silver Has Reached Its Highest Level in Over Three Years image As indicated by the XAG/USD chart today, the intraday price of silver reached $29.84 per ounce yesterday, while the previous yearly high on 12 April was $29.79. The last ...

Daily Market Analysis By FXOpen

The Share Price of Alibaba (BABA) Has Reached Its Yearly High image On 14 May, Alibaba released its first-quarter performance report: → Earnings per share: actual = $1.404, expected = $1.421; → Gross income: actual = $30.716 billion, expected = ...

Daily Market Analysis By FXOpen

Market Analysis: AUD/USD and NZD/USD Set Sights on Additional Upside image AUD/USD started a decent increase above the 0.6655 resistance. NZD/USD is also rising and could aim for a move above the 0.6140 resistance. Important Takeaways for AUD/USD ...

Daily Market Analysis By FXOpen

Bitcoin Price Hits a Month's High, Breaking Key Resistance image Yesterday's release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in ...

Daily Market Analysis By FXOpen

Dollar Adjusts After the Publication of Inflation Data in the US image Data on the Consumer Price Index (CPI) in the US, released yesterday, had a significant impact on the pricing of major currency pairs. According to the provided report: The ...

Daily Market Analysis By FXOpen

The US Dollar Is Weakening Following Inflation Data image Yesterday saw the release of key economic indicators for the US. According to ForexFactory: → Core Price Index (CPI) monthly: actual = 0.3%, expected = 0.4%, previous = 0.4%; → Core Price ...

Daily Market Analysis By FXOpen

The Stock Price of PepsiСo (PEP) Is Retracting from Its Yearly High image On April 23, the quarterly report of PepsiCo's performance for the first quarter was published, which was awaited anxiously. The issue stemmed from the fact that in December ...

Daily Market Analysis By FXOpen