Market Analysis: USD/JPY Corrects Gains
USD/JPY is correcting gains from 153.20 and might decline further below 151.00.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY rallied significantly before the bears appeared near 153.20.
- There is a major bearish trend line forming with resistance near 151.55 on the hourly chart.
USD/JPY Technical...
Market Analysis: EUR/USD Attempts Recovery
EUR/USD is recovering losses from 1.1540.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to stay in a positive zone and declined below 1.1650 before finding support.
- There was a break above a connecting bearish trend line with resistance at 1.1590 on the hourly chart of EUR/USD.
EUR/USD...
Broadcom (AVGO) Shares Surge Nearly 10% on OpenAI Partnership News
Last month, news of a partnership with OpenAI served as a powerful bullish catalyst for NVIDIA (NVDA) shares. In October, a similar effect can be seen on the Broadcom (AVGO) chart.
According to media reports, the two companies have been collaborating for 18 months but are now making their...
Silver Price Reaches Record High
The previous peak was set in 1980, but this week the price of silver rose above $53 for the first time ever, as shown on the XAG/USD chart.
Bullish sentiment has been driven by political factors, sustained demand from central banks, and the metal’s growing use in modern industries such as renewable energy.
Meanwhile, media...
Market Analysis: EUR/GBP Holds Support
EUR/GBP started a decent increase and might aim for more gains above 0.8710.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is gaining pace and trading above the 0.8700 handle.
- There is a connecting bullish trend line forming with support at 0.8695 on the hourly chart.
EUR/GBP Technical Analysis
On the...
Market Analysis: GBP/USD Dips Again
GBP/USD failed to climb above 1.3500 and corrected some gains.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below the 1.3400 support.
- There is a key bearish trend line forming with resistance near 1.3370 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
On the...
XTI/USD Chart Analysis: Oil Price Falls Below $60
Friday’s comments from President Trump about the potential introduction of 100% tariffs on trade with China pushed WTI crude oil below the $60 level for the first time in four months. The bearish sentiment stemmed from fears of a global economic slowdown amid escalating trade tensions between the world’s two...
Trump’s Decision Shakes Global Financial Markets
On Friday, 10 October, President Trump made an unexpected statement about the possible introduction of 100% tariffs on Chinese goods, triggering sharp price swings across global markets:
→ Stock markets: The S&P 500 index tumbled by more than 3%, hitting its lowest level in over a month.
→ Currency markets: The...
PepsiCo (PEP) Shares Jump Over 4% After Earnings Report — What’s Next?
Yesterday, PepsiCo Inc. (PEP) released its quarterly earnings report, which significantly exceeded expectations:
→ Earnings per share ($2.29) beat estimates of $2.26.
→ Gross revenue ($23.94 billion) also came in above forecasts of $23.94 billion.
According to The Wall Street Journal,...
EUR/USD Falls to Two-Month Low
As shown on the EUR/USD chart today, the euro has dropped below 1.1550 against the US dollar — its lowest level since early August. The main driver of pressure on the single currency remains the political crisis in France:
President Emmanuel Macron is currently seeking a candidate for the position of prime minister. The situation...
Dollar Index (DXY) Rises to Highest Level in Over Two Months
The chart shows the Dollar Index (DXY) trading above the 99-point level today — its highest since early August. The dollar’s strength is supported by the weakening of other currencies:
→ The yen is weakening amid expectations of looser monetary policy. Conservative Sanae Takaichi could become the...
NZD/USD Rate Drops Sharply After Central Bank Decision
This morning, the Reserve Bank of New Zealand (RBNZ) cut its key interest rate. According to Forex Factory, the Official Cash Rate was reduced by 50 basis points from 3.0% to 2.5%, while most analysts had expected a smaller cut to 2.75%.
Moreover, the RBNZ signalled the prospect of further easing following...
Market Analysis: WTI Crude Oil Struggles
Crude oil is recovering and might rise toward the $63.20 resistance zone.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil is recovering losses and trading above $61.20.
- There is a short-term rising channel in place with support at $61.20 on the hourly chart of XTI/USD.
WTI Crude Oil...
Market Analysis: Gold Rockets Beyond $4,000
Gold price started a fresh surge above $4,000 and traded to a new all-time high.
Important Takeaways for Gold Price Analysis Today
- Gold price rallied to a new all-time high and traded above $4,000 against the US Dollar.
- A key bullish trend line is forming with support at $4,000 on the hourly chart of gold.
...
AMD Shares Surge After Partnership Announcement with OpenAI
According to media reports:
→ The deal involves AMD supplying processors of various generations to support the deployment of artificial intelligence infrastructure with a total capacity of 6 gigawatts.
→ The partnership is expected to generate billions in revenue for AMD starting in 2026.
→ Barclays...
USD/JPY Analysis: Yen Weakens to Two-Month Low
As the USD/JPY chart shows, the Japanese yen has weakened sharply at the start of this week. Trading opened with a bullish gap, and today the exchange rate has risen to ¥150.65 per US dollar.
The yen’s decline followed the recent election, during which Japan’s ruling Liberal Democratic Party elected Sanae Takaichi...
Market Insights with Gary Thomson: FOMC Minutes & Powell’s Speech, Canada Jobs, RBNZ Rate Decision
In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for expert insights into financial markets to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson...
Gold Price Reaches Record High
As shown in the charts, XAU/USD quotations have reached historic peaks today. According to media reports, gold is behaving as a safe haven amid growing uncertainty, which is intensifying as the U.S. government shutdown continues. Meanwhile:
→ Gold prices may rise above $3,950 in the coming days, approaching the psychological level...
