Microsoft (MSFT) Shares Drop Over 3% This Month
An overview of stock market charts since the beginning of the month reveals that while the Nasdaq 100 index (US Tech 100 mini on FXOpen) is in positive territory, Microsoft (MSFT) shares have underperformed significantly. The opening price on 1st October was $427.47, but by yesterday's close, it had fallen over...
Market Analysis: NZD/USD Take Hit, Turn Red
NZD/USD is also moving lower and might struggle to recover above 0.6225.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.6380 resistance zone.
- There is a key bearish trend line forming with resistance at 0.6145 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical...
Market Analysis: AUD/USD Take Hit, Turn Red
AUD/USD declined below the 0.6855 and 0.6830 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6900 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6755 on the hourly chart of...
Analysis of XAU/USD: Gold Price Drops to a Two-Week Low
The XAU/USD chart shows that yesterday, the price of gold fell below $2610, a level not seen since 20th September.
Bearish sentiment has been driven by the continued strengthening of the US dollar. According to Trading Economics:
→ This is due to market participants lowering expectations for an aggressive...
What Is a Global Macro Strategy, and How Do Traders Use It in Trading?
A global macro strategy is a comprehensive investment and trading approach that includes analysis of economic, political, and global trends to make decisions. This article delves into the core components, analytical tools, and practical applications of global macro strategy, providing a...
Hang Seng Index (HSI) Drops Nearly 10% Today
As shown on the Hang Seng Index chart (Hong Kong 50 on FXOpen), prices have fallen by almost 10% since trading began today, and the session is not over yet.
According to Reuters, bearish sentiment was driven by uncertain statements from Chinese officials regarding economic stimulus measures. This has raised doubts in...
XBR/USD Analysis: Brent Crude Price Fails to Hold Above $80
As shown on the XBR/USD chart, Brent crude oil prices surged by over 8.5% last week — marking the largest increase in 2024, driven by escalating tensions in the Middle East.
Although oil prices continued to climb earlier this week, a pullback occurred on Tuesday, causing Brent crude to drop below the...
What Is Confluence in Trading, and How Can You Use It?
Confluence in trading involves the strategic alignment of multiple signals to validate trade decisions. This method is supposed to enhance the reliability of trade signals and allows traders to filter out low-probability outcomes. This article delves into the key components of confluence trading, its...
Meta Platforms (META) Stock Price Nears $600 Milestone
As reported by Barron’s, October has historically been the second-best month for the information technology sector in the S&P 500. The sector typically gains an average of 2.7% in October, according to Dow Jones Market Data. The best month is November, with an average increase of 3.1%. This trend likely...
EUR/USD Analysis: The Exchange Rate Falls Below 1.100
As shown in today's EUR/USD chart, the euro has dropped below the 1.100 level against the US dollar. This decline is partly due to Friday's strong US jobs report, which revealed:
→ the largest job growth in six months,
→ a decrease in the unemployment rate,
→ solid wage growth.
These factors suggest a...
Oscillator Indicators for Experienced Traders (No RSI and MACD)
In the realm of technical trading, seasoned traders and beginners alike often turn to indicators to gauge market momentum and potential reversals. While many are familiar with popular tools like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), this article takes a...
Weekly Market Wrap With Gary Thomson: Brent Crude Oil, GBP/CAD, US Dollar, Lockheed Martin Stock
Welcome to the 100th edition of our Weekly Market Wrap video series!
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...
USD/JPY Analysis: Price Retreats from One-Month High
The USD/JPY chart shows that yesterday (3 October), the price slightly surpassed the 147.230 level, marking the highest point since 3 September.
This is significant as it indicates a new swing high, identified by the ZigZag indicator (in purple), which hasn’t been seen in months.
Bullish arguments for...
Boeing (BA) Shares Hover Near Two-Year Low
Despite the S&P 500 index (US SPX 500 mini on FXOpen) rising roughly 20% since the start of 2024, Boeing (BA) shares are currently around the psychological level of $150 – a low last seen in autumn 2022.
Several factors have driven bearish sentiment for Boeing in 2024:
→ Reputational setbacks due to technical issues,...
Market Analysis: EUR/GBP Consolidates Gains
EUR/GBP is rising and might climb above the 0.8435 resistance.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is gaining pace and trading above the 0.8400 zone.
- There was a break above a connecting bearish trend line with resistance at 0.8330 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis...
Market Analysis: GBP/USD Takes Hit
GBP/USD started a fresh decline from the 1.3425 resistance zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below the 1.3250 support.
- There is a key bearish trend line forming with resistance near 1.3170 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical...
Lockheed Martin (LMT) Stock Price Surpasses $600 for the First Time
As indicated by the Lockheed Martin (LMT) stock chart, after breaking through the psychological barrier of $600, the price has reached an all-time high. Remarkably, it took less than 2.5 months for the stock to climb from $500 to $600.
Demand for Lockheed Martin (LMT) shares is being driven by...
Creating a Balanced Investment Portfolio
In the vast realm of trading, where platforms like FXOpen play a pivotal role, strategy and skill stand paramount. As the age-old adage goes, 'Don't put all your eggs in one basket.' In the context of trading, this underscores the significance of diversification. Enter the concept of a balanced investment portfolio - an...
