US Dollar Index (DXY) in Balance Ahead of Key Events
In our previous analysis of the US Dollar Index (DXY), we:
→ outlined a descending channel (red) based on a sequence of lower highs and lows;
→ anticipated a move towards the median line of this channel.
As of 18 August, the DXY is trading around the median of the channel and is forming a contracting triangle...
Market Analysis: EUR/GBP Attempts to Find Support
EUR/GBP declined and is now consolidating losses above 0.8600.
Important Takeaways for EUR/GBP Analysis Today
- The British Pound is attempting a fresh increase above 1.3500.
- There is a key bullish trend line forming with support near 1.3550 on the hourly chart of GBP/USD.
EUR/GBP Technical Analysis
...
Market Analysis: GBP/USD Pushes Higher
GBP/USD is showing strength above 1.3450 and 1.3500.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.3500.
- There is a key bullish trend line forming with support near 1.3550 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
On the hourly chart...
Intel (INTC) Stock Price Rises 7% Amid White House Rumours
Intel (INTC) stock price surged more than 7% yesterday, making it the top performer in the S&P 500 index. The rally came on the back of a report in Barron’s stating that the US government is in talks to acquire a stake in Intel:
→ Intel declined to comment on Barron's report.
→ White House spokesperson...
EUR/USD Shows Optimism Ahead of Trump–Putin Meeting
The meeting between the Presidents of the United States and the Russian Federation, scheduled for today in Alaska, is a major geopolitical event with the potential to exert a significant influence on financial markets.
Expectations are mounting that the talks could lead to a cessation of hostilities in Ukraine...
Hang Seng Index Pulls Back from 2025 High
Yesterday, the Hong Kong Hang Seng Index (Hong Kong 50 on FXOpen) climbed above 25,745 points, setting a new 2025 high — and marking its highest level since autumn 2021.
August’s bullish sentiment was fuelled by the following drivers:
→ China and the US agreed to continue tariff negotiations in mutual trade through to...
Australian Dollar Retreats from August Highs
This week, forex traders’ attention is firmly on the AUD/USD market following key news releases from Australia:
→ Tuesday: Interest rate decision. According to ForexFactory, analysts’ forecasts were confirmed as the Reserve Bank of Australia (RBA) cut the cash rate from 3.85% to 3.60%.
→ Today: Labour market...
What Is the Evening Star Candlestick Pattern?
Candlestick patterns offer traders a way to read price action and spot potential changes in momentum. One notable pattern is the evening star, a three-candle formation that signals the start of a possible downtrend. This article breaks down what the evening star looks like, how it works, and how traders typically use...
Nvidia (NVDA) Share Price Growth Slows
Equity markets are on the rise:
→ The S&P 500 index (US SPX 500 mini on FXOpen) has reached a new all-time high;
→ The Nikkei 225 (Japan 225 on FXOpen) hit a fresh record high yesterday;
→ Gains are also seen across other assets — for example, Ethereum has climbed to its highest level since November 2021.
The CNN Fear &...
S&P 500 Index Reaches New All-Time High
The S&P 500 index set a new all-time high, climbing above the 6,460 mark. The rally in equities is a direct result of yesterday’s CPI report.
According to Forex Factory, the annual CPI remained at 2.7%, whereas analysts had forecast an increase to 2.8%. Moderate inflation readings provide stronger grounds for a Federal...
Market Analysis: WTI Crude Oil Struggles In Red
WTI Crude oil is also down and remains at risk of more losses below $62.00.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices extended losses below the $65.00 support zone.
- A major bearish trend line is formed with resistance at $63.05 on the hourly chart of XTI/USD.
WTI...
Market Analysis: Gold Pulls Back
Gold price started a fresh decline below $3,380.
Important Takeaways for Gold Price Analysis Today
- Gold price climbed higher toward the $3,410 zone before there was a sharp decline against the US Dollar.
- A key bearish trend line is forming with resistance near $3,355 on the hourly chart of gold.
Gold Price Technical...
Tesla (TSLA) Shares Break Above July High
As the chart indicates, Tesla (TSLA) stock is demonstrating a pronounced upward trend. Specifically, its price:
→ has risen for four consecutive days;
→ has moved above its July high;
→ has gained over 10% since the start of August.
Why Is TSLA Rising?
Among other factors, TSLA’s share price is being driven by:
→...
Nikkei 225 Index Sets All-Time Record
As the chart shows, the Nikkei 225 stock index (Japan 225 on FXOpen) rose today to the 43,000-point level, thereby:
→ surpassing its 2024 peak;
→ setting a new all-time high.
Bullish sentiment has been driven by strong quarterly earnings reports from Japanese companies and expectations regarding the Bank of Japan’s...
Economic Factors That Affect the Forex Market
The foreign exchange market is influenced by a wide range of economic factors which have a significant impact on currency exchange rates. Knowing about these factors is crucial for anyone looking to trade in the forex market, as they can help analyse price movements.
This article explores some key factors that may...
Market Insights with Gary Thomson: RBA Rate, US Inflation, UK Jobs & GDP, Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode of Market...
Gold Price Declines Amid Easing Geopolitical Tensions
It has been announced that a meeting between the Presidents of the United States and Russia will take place this week. Donald Trump and Vladimir Putin are expected to meet in Alaska. This will mark the first face-to-face talks between the leaders of the two major powers since 2021, when Putin met with Biden...
Market Analysis: NZD/USD Much Higher—Uptrend Shows Strength
NZD/USD is also rising and might aim for more gains above 0.5970.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is consolidating gains above the 0.5940 zone.
- There is a short-term declining channel forming with resistance at 0.5960 on the hourly chart of NZD/USD.
NZD/USD Technical...
