News from France Weighs on European Financial Markets
According to Reuters, France’s new Prime Minister, Sébastien Lecornu, unexpectedly resigned on Monday just hours after appointing his new cabinet.
This news has underscored the deepening political crisis in France and placed significant pressure on European financial markets – this morning:
→ The euro is...
Market Analysis: NZD/USD Holds Firm, More Upside Moves On The Way?
NZD/USD is also rising and might aim for more gains above 0.5840.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is consolidating gains above the 0.5800 pivot level.
- There is a major bullish trend line forming with support at 0.5815 on the hourly chart of NZD/USD.
NZD/USD...
Market Analysis: AUD/USD Holds Firm, More Upside Moves On The Way?
AUD/USD started a fresh increase above 0.6550 and 0.6575.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar started a decent increase above 0.6575 against the US Dollar.
- There is a key declining channel forming with resistance at 0.6615 on the hourly chart of AUD/USD.
...
The S&P 500 index remains positive against all odds
We noted on 29 September that, amid the US shutdown, sentiment in the S&P 500 index market remained positive, and highlighted factors supporting further growth.
Today, the S&P 500 index reached a fresh all‑time high: on Friday morning the price rose above 6 740 points. This confirms the continued optimism...
Hang Seng Index Hits 4-Year High
As the chart shows, Hong Kong’s Hang Seng Index climbed above the 27,300 mark today – for the first time since summer 2021. The bullish momentum has been supported in part by corporate news. According to media reports:
→ Shares of Chinese EV maker NIO Inc. rose by around 5% following news that vehicle deliveries had increased by...
Natural Gas Price Hits 2.5-Month High
As the XNG/USD chart shows today, natural gas prices have risen above $3.600/MMBtu for the first time since mid-July.
According to media reports, the rise in gas prices has been driven by:
→ Weather models forecasting colder conditions, suggesting the heating season may begin earlier than expected;
→ An EBW Analytics Group...
Market Analysis: USD/CHF Corrects Lower
USD/CHF declined from 0.8000 and is now struggling to stay above 0.7945.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF declined below the 0.7985 and 0.7965 support levels.
- There is a major bearish trend line forming with resistance near 0.7965 on the hourly chart.
USD/CHF Technical Analysis
On the...
Market Analysis: EUR/USD Aims Fresh Increase
EUR/USD started a fresh increase above 1.1700.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a decent upward move from 1.1650 against the US Dollar.
- There was a break above a key bearish trend line with resistance at 1.1700 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
On...
Silver Price: October Kicks Off with a 14-Year High
As the XAG/USD chart shows, today silver prices climbed above the $47.50 per ounce mark for the first time since 2011. Since the beginning of the month, silver has appreciated by approximately 15%.
Why is silver rising?
According to media reports, demand for so-called safe-haven assets has intensified amid...
Pfizer Inc. (PFE) and Other Pharmaceutical Stocks Rise Following Trump’s Decision
According to media reports, US President Donald Trump launched a website allowing Americans to purchase medicines directly. He announced that Pfizer would offer some of its drugs on this platform and introduce new medicines to the US market at reduced prices. Trump added that his...
Gold Prices Plunge from Historic Peak
As shown by the XAU/USD chart, yesterday gold prices reached a new all-time high, surpassing the $3,870 level for the first time. This rise was supported by concerns over the high likelihood of a US government shutdown.
According to media reports:
→ Vice President J.D. Vance stated that the US is heading towards a...
Analysis of MU Shares Following Earnings Report
Memory chip manufacturer Micron Technology (MU) published a positive financial report for Q4 of fiscal year 2025 on 23 September:
→ Q4 Revenue: Actual = $11.32 billion, up 46% compared with the same period last year.
→ Adjusted Earnings Per Share (EPS): Actual = $3.03 (analysts’ expectations = $2.87).
The main...
USD/CAD Maintains Bullish Consolidation
USD/CAD is showing positive signs and might aim for more gains above 1.3960.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD rallied above 1.3880 and 1.3920 before the bears appeared.
- There is a connecting bullish trend line forming with support at 1.3915 on the hourly chart.
USD/CAD Technical Analysis
...
GBP/USD Bounces Back
GBP/USD is attempting a recovery wave from 1.3325.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started a recovery wave above 1.3370 and 1.3400.
- There was a break above a key bearish trend line with resistance near 1.3390 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
On the hourly chart of...
Tesla (TSLA) Share Price Rises Ahead of Earnings Report
On 16 September, we noted signs of a strong market for Tesla (TSLA) shares, including:
→ The price remaining above the psychological level of $400;
→ Reaching the highest levels since late January.
We also identified an ascending channel and suggested that the long-term outlook remained optimistic,...
The S&P 500 Index Remains Positive Against the Odds
Today, the S&P 500 Index is trading close to a new all-time high, having opened Monday above 6,675 points. This reflects continued optimism among market participants despite factors such as:
→ The risk of a U.S. government shutdown on 1 October.
Today, President Trump will meet with Democratic and Republican...
Apple Shares (AAPL) Close to Reaching Record High
On 10 September, we noted that following the launch of new products — including the iPhone 17 — AAPL shares had fallen by approximately 1.5%, as analysts considered the model lacked the breakthrough appeal necessary to drive further growth.
However, two weeks on, media reports point to strong demand for the new...
EUR/USD Falls Ahead of PCE Index Release
A week ago, we wrote about significant changes in the dollar index – the DXY chart was signalling bullish trends. This week has confirmed those assumptions, which is also reflected in EUR/USD: this morning, the pair fell below 1.1660, marking a three-week low.
Trader sentiment is being influenced by:
→ News regarding...
