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Alibaba published its second-quarter report on Friday morning. Although the company’s gross revenue came in below analysts’ forecasts ($34.6bn vs $35.1bn), BABA’s share price surged by around 13% (to its highest level since March) as the market reacted positively to: → Faster growth in cloud services revenue,
European currencies are holding near four-week highs at the start of the week. Following the volatile swings sparked by Jerome Powell’s remarks at the Jackson Hole symposium, the market has yet to form a clear scenario: the dollar corrected but then came under renewed pressure. As a result, EUR/
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
Gold price climbed again and traded above $3,350. Crude oil is showing bearish signs and might decline below $62.80. Important Takeaways for Gold and WTI Crude Oil Price Analysis Today * Gold price started a steady increase from $3,310 against the US Dollar. * A key bullish trend line
As the XBR/USD chart shows, this morning (27 August) Brent 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
The major dollar pairs, particularly USD/JPY and USD/CAD, remain in a zone of uncertainty. On Friday, the US currency came under pressure following the dovish rhetoric of Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, where he effectively opened the door to a potential rate cut
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
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’
Ethereum’s price fluctuations are showing strong bullish momentum, approaching the psychological threshold of $5,000: → since the beginning of August, ETH/USD has risen by approximately 25%; → since the start of summer – by more than 80%. Bullish Drivers in 2025 This year, market optimism is being shaped by: → the
AUD/USD is attempting a fresh increase from 0.6415. NZD/USD is also rising and could aim for a move above 0.5900 in the short term. Important Takeaways for AUD/USD and NZD/USD Analysis Today * The Aussie Dollar found support at 0.6415 and moved higher against
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 Insights, Gary Thomson unpacks the
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
As the chart indicates, the Nikkei 225 stock index (Japan 225 on FXOpen) has today risen to the 42,000 mark, which is just below its all-time high. Among the bullish drivers: → Corporate news. Strong quarterly results were reported by Sony Group and SoftBank. → Trade agreement developments. Positive news flow
According to the AAPL price chart, the stock rose to the $220 level yesterday – marking its highest point since early April. The rally was fuelled by several bullish factors: → Trade developments: President Trump announced an additional 25% tariff on goods from India, but notably excluded smartphones – a key point, as
Today, the USD/CAD exchange rate briefly exceeded the 1.3870 mark – the highest level seen this summer. In less than ten days, the US dollar has strengthened by over 2% against the Canadian dollar. Why Is USD/CAD Rising? Given that both the Federal Reserve and the Bank of
Yesterday, after the close of the regular trading session, Apple released its earnings report, which surpassed analysts’ expectations: → Earnings per share: actual = $1.57, forecast = $1.43; → Revenue: actual = $94.04 billion, forecast = $89.35 billion. As a result, AAPL shares surged in the post-market, rising from $207.57 to
EUR/USD extended losses and traded below the 1.1600 support. USD/CHF is rising and might aim for a move toward the 0.8120 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today * The Euro struggled to clear the 1.1800 resistance and declined against the US
European currencies have temporarily stabilised following a phase of downward correction, as markets await the release of key economic data. In the absence of new strong catalysts, the market has adopted a wait-and-see approach near critical support levels — 1.3400 for GBP/USD and 1.1600 for EUR/USD. Investors'
Today at 15:30 GMT+3, the US inflation report (Consumer Price Index, or CPI) is scheduled for release. According to ForexFactory, analysts expect the inflation rate to rise from 2.4% to 2.6%. The actual figures will provide market participants with grounds to debate not only the likelihood
As of today, the GBP/USD chart indicates that the British pound has declined by more than 2% against the US dollar since the beginning of July. Notably, the pace of the decline accelerated on Friday and continued into Monday. According to Reuters, the pound is under pressure due to
According to the chart of Coinbase Global (COIN), the share price of the cryptocurrency exchange has reached a historical all-time high (closing price). The bullish sentiment has been supported by the following factors: → Bitcoin price rally. Yesterday, we analysed the BTC/USD chart and anticipated that bulls might attempt to
Yesterday, the price of Bitcoin rose by over 2%, surpassing its June high. Several cryptocurrency platforms were quick to report that the BTC/USD pair had reached a new all-time high. Even if so, this morning’s slight pullback indicates a correction from yesterday’s peak. Among the factors fuelling
Yesterday, Nvidia’s (NVDA) share price surpassed $162 for the first time in history. As a result, the company’s market capitalisation briefly exceeded $4 trillion during intraday trading (according to CNBC), making Nvidia the first publicly listed company to reach this milestone. The rise in NVDA’s share price
AUD/USD is attempting a fresh increase from the 0.6485 support. NZD/USD is struggling and might decline below the 0.5980 level. Important Takeaways for AUD/USD and NZD/USD Analysis Today * The Aussie Dollar found support at 0.6485 and recovered against the US Dollar. * There is
The Japanese yen has come under pressure following reports of a potential reinstatement of trade tariffs by the United States. The USD/JPY and GBP/JPY currency pairs are exhibiting strong upward momentum as market participants assess the possible implications of Washington's escalating trade rhetoric for the Japanese currency. According
As the chart indicates, the EUR/JPY pair has risen above ¥172 per euro — a level last seen in July 2024. Since early June, the exchange rate has increased by approximately 5.6%. This upward movement is driven by a combination of factors, including: → Divergence in central bank policy: The
Yesterday, President Trump announced that letters had been sent to the United States’ trading partners regarding the imposition of new tariffs — for instance, a 25% tariff on goods from Japan and South Korea. This marks a return to “trade diplomacy” under the America First strategy. The tariffs are scheduled to
Today, the AUD/USD pair experienced a spike in volatility. According to ForexFactory, analysts had forecast that the Reserve Bank of Australia (RBA) would cut interest rates from 3.85% to 3.60%. However, the market was caught off guard as the central bank opted to keep rates unchanged. The
GBP/USD failed to climb above 1.3800 and corrected some gains. EUR/GBP is rising and might climb above the 0.8670 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today * The British Pound is showing bearish signs below the 1.3700 support against the US dollar.
On 2 July, on the EUR/USD chart, we noted that the rally—during which the pair had gained more than 6% since mid-May—was under threat, citing several technical signals, including: → proximity of the price to the upper boundary of the ascending channel; → overbought conditions on the RSI indicator;
As the 4-hour chart of the Nasdaq 100 (US Tech 100 mini on FXOpen) shows, the index reached a new all-time high last week. However, the price action suggests that the current pace of growth may not last. Last week’s strong labour market data triggered a significant bullish impulse.
Today, financial markets in the United States are closed in observance of Independence Day. Investor sentiment was likely buoyed by the latest rally in the S&P 500 index (US SPX 500 mini on FXOpen), which set a new all-time high yesterday, surpassing 6,280. The bullish momentum has been
After a volatile start to the week, the British pound has stabilised, with the GBP/USD and GBP/CAD pairs entering a consolidation phase. Investors are locking in profits following a recent bullish surge, as they await the release of key US labour market data, which could determine the direction
The US Senate yesterday narrowly approved Trump’s so-called “big, beautiful budget bill.” Elon Musk, who had previously criticised the bill for potentially adding $3.3 trillion to the national debt, warned that Republican lawmakers who supported it would face political consequences. In a post on X, Musk wrote: “Every