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FXOpen Forex Blog - FX Trading Tips by the Broker - Economy
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European Currencies Correct in Anticipation of a Pre-Holiday Rally | Market Pulse
Despite the Federal Reserve's hawkish stance and the upcoming inauguration of Donald Trump, who has frequently discussed the possibility of new trade tariffs, EUR/USD and GBP/USD managed to find medium-term support last week. Both pairs are now attempting to recover toward recent highs. GBP/USD Last week, GBP/
AMD Stock Price Rebounds from Yearly Low. 2025 Forecast | Market Pulse
As the chart indicates, Advanced Micro Devices (AMD) reached its yearly low on 20th December, dropping below $120. However, on Monday, AMD emerged as one of the top-performing stocks in the market. The trading session opened with a bullish gap, and by the close, the stock had gained approximately 4.
NZD/USD Stabilises Ahead of the Holidays | Market Pulse
Forex trading is slowing down as the holidays approach, offering a pause after significant movements driven by various news events, including central bank decisions. Notably, NZD/USD reached its lowest level since October 2022 at the end of last week. The decline in NZD/USD has been influenced by two
Market Analysis: Gold Price and Crude Oil Price Face Hurdles | Market Pulse
Gold price started a fresh decline below $2,665. Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Gold and Oil Prices Analysis Today * Gold price climbed higher toward the $2,665 zone before there was a sharp decline against
XAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025 | Market Pulse
With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025. The XAU/USD chart reveals that gold prices have been moving within
Nasdaq 100 Index Plummets After Fed Decision | Market Pulse
On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we: → Drew a blue upward channel relevant for 2024; → Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone; → Suggested that bulls might face difficulties
The US Dollar Hits New Highs After the Fed Meeting | Market Pulse
Yesterday the Federal Reserve cut the interest rate by 0.25% from 4.50%-4.75% to 4.25%-4.50%, as previously forecast. Despite this decision by the regulator, the US currency strengthened, and some currency pairs are nearing multi-year highs. For instance, the USD/CAD pair is trading
Market Analysis: AUD/USD and NZD/USD Sink Further, Losses Mount | Market Pulse
AUD/USD declined below the 0.6400 and 0.6375 support levels. NZD/USD is also moving lower and might extend losses below 0.57350. Important Takeaways for AUD/USD and NZD/USD Analysis Today * The Aussie Dollar started a fresh decline from well above the 0.6400 level against
Market Year Wrap 2024: Key Highlights and Outlook for 2025 | Market Pulse
The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic environment where some markets flourished while others
Market Analysis: GBP/USD Faces Trouble, USD/CAD Builds on Gains | Market Pulse
GBP/USD started a fresh decline below the 1.2720 zone. USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today * The British Pound started another decline from the 1.2800 resistance zone. * There is
Shopify (SHOP) Shares Retreat After Sharp Surge | Market Pulse
On 12 November, Shopify released its Q3 earnings report, which exceeded analysts' expectations: * Earnings per share: actual = $0.36, forecast = $0.27; * Gross revenue: actual = $2.23 billion, forecast = $2.15 billion. The company also provided strong earnings guidance for Q4. According to Zacks analysts, Q4 earnings per share could