What Are Commodity Currencies and How Do They Correlate?
Commodity currencies are those tied to the value of a country’s key exports, such as oil, metals, or agricultural goods. Their movements are influenced by shifts in global demand, supply disruptions, and economic policies. In this article, we will explore how commodity prices impact commodity-linked...
Market Insights with Gary Thomson: UK Retail Sales, Canada Jobs, US NFP, and OPEC+ Meeting
In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for expert insights into forex and commodities to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson unpacks...
Nvidia (NVDA) Shows Bearish Signs After Earnings Release
On Wednesday, Nvidia published a fairly strong quarterly report:
→ Revenue for the second quarter came in at $46.74 billion (record), up 56% compared with the same period last year;
→ Adjusted earnings per share (EPS) were $1.05, a 54% year-on-year increase and above analysts’ expectations of...
Market Analysis: USD/CAD Faces Fresh Decline
USD/CAD declined and is now consolidating losses below 1.3800.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD started a fresh decline after it failed to stay above 1.3900.
- There is a connecting bearish trend line with resistance at 1.3755 on the hourly chart.
USD/CAD Technical Analysis
On the...
Market Analysis: GBP/USD Bulls in Control
GBP/USD started a fresh increase above 1.3500.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is eyeing more gains above 1.3500.
- There is a key bearish trend line forming with resistance at 1.3530 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD,...
Alphabet (GOOGL) Shares Set an All-Time High
As the chart of Alphabet (GOOGL) shares shows, the price in August exceeded the February high. For the first time in history, the close price moved above $210.
The positive market sentiment is being driven by the development of AI technologies, as well as Alphabet’s (GOOGL) ambition to maintain a leading position in...
NZD/USD Rises by ~1.4% in 2 Days
As the NZD/USD chart shows, the New Zealand dollar was trading around 0.5820 against the US dollar on Wednesday, but today it has climbed above 0.5895 – an impressive gain of approximately 1.4% in just two days.
The rise in NZD/USD is being driven both by the general weakening of the US dollar ahead of the Federal Reserve’s...
S&P 500 Index Reaches Another All-Time High
On 13 August, we wrote about the S&P 500 reaching an all-time high following the release of the CPI report. At that time, we suggested that the price might move towards the upper boundary of the ascending channel (highlighted in blue on the chart).
Since then:
→ the price has set a new record, forming peak 0 near the...
EUR/USD Recovers from 20-Day Low
The EUR/USD pair today is moving under the influence of several factors:
- Donald Trump’s decision to dismiss Lisa Cook, a member of the Federal Reserve Board of Governors, raising concerns over the Fed’s independence;
- expectations of a Fed rate cut in September;
- anticipation of US GDP and jobless claims data (due today at...
What Is Symmetrical Distribution, and How Do Traders Use It?
Symmetrical distribution is a key concept in market analysis, helping traders assess price behaviour and volatility. When price movements are evenly distributed around a central point, it can provide insights into potential market trends. This article explores what symmetrical distribution is, how it...
XTI/USD Chart Analysis: Oil Price Falls 2.8% from This Week’s High
As the XTI/USD chart shows, this morning (27 August) WTI crude oil is trading around the $63 level, although on Monday it climbed above $64.70. This means the price has retreated by approximately 2.8% from this week’s high.
The bearish momentum may be linked to the market’s reassessment of...
Boeing (BA) Share Price Could Reach 2025 Highs
As the Boeing (BA) stock chart indicates, the price rose by 3.5% yesterday, while the S&P 500 index (US SPX 500 mini on FXOpen) gained only 0.4%. Boeing’s stronger performance reflects optimism driven by news (and market rumours) reported in the media suggesting that:
→ Korean Air has purchased more than 100...
Market Analysis: WTI Crude Oil Faces Hurdles
Crude oil is showing bearish signs and might decline below $62.80.
Important Takeaways for WTI Crude Oil Price Analysis Today
- Crude oil prices failed to clear the $65.00 region and started a fresh decline.
- There was a break below a major bullish trend line with support at $64.00 on the hourly chart of...
Market Analysis: Gold Prices Climbs Again
Gold price climbed again and traded above $3,350.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from $3,310 against the US Dollar.
- A key bullish trend line is forming with support at $3,378 on the hourly chart of gold.
Gold Price Technical Analysis
On the hourly...
Nvidia (NVDA) Upcoming Earnings Report
Tomorrow after hours, Nvidia will release its quarterly report, attracting heightened attention given its position as:
→ the world’s largest company (market capitalisation of around $4.39 trillion);
→ a leader in the development of AI-related industries;
→ strong stock price performance — approximately +33% year-to-date,...
EUR/USD Exchange Rate Shows Increased Volatility
Powell’s speech on Friday had a distinctly dovish tone. Expectations of an interest rate cut strengthened, which led to a sharp weakening of the dollar — on the EUR/USD chart, a bullish impulse A→B was formed.
On Monday, as often happens after an initial emotional reaction to major news, the price corrected as...
What Is a Pyramiding Strategy, and How Does It Work in Trading?
Pyramiding is a trading strategy where traders gradually increase their position size as the market moves in their favour. Instead of committing full capital upfront, they add to winning positions at key levels. This article explains how pyramiding works, common strategies, potential risks, and key...
Australian Dollar Surges Sharply
As illustrated by the AUD/USD chart, while the pair was trading near a two-month low at the start of Friday, today it has jumped by more than 1.1%.
The primary driver behind this rally is the weakening US dollar, which reflects the market’s reaction to Jerome Powell’s comments at the Jackson Hole Symposium. He stated that the...
