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Watch FXOpen's 20 - 24 November Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: NASDAQ’S NEW TOP, USD/CAD NEWS, WTI OIL, NVDA SHARES DECLINE Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks...

Gold Price Dips From $2K While Crude Oil Price Recovers Gold price surged toward the $2,000 zone before the bears appeared. Crude oil price is attempting a recovery wave above the $75.00 zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase...

European Shares Rise on Improving PMI Readings Yesterday, the values of the PMI index (it is characterized as a leading indicator of industrial production and services) for European countries were published: → in Germany: fact = 42.3; expected = 41.1; a month earlier = 40.7; → in France: fact...

USD/CAD, AUD/USD, EUR/USD Analysis: Commodity Currencies and Euro Poised to Resume Growth After the publication of the FOMC protocols on Tuesday, the dollar managed to partially regain its lost positions. Thus, in the dollar/yen pair one could observe a corrective pullback to figure 149, the...

USD/CAD Analysis: the Rate Approaching Important Support Bank of Canada Governor Tiff Macklem said yesterday that enough may have been done to curb inflation. As follows from his words, current policies can lead to inflation returning to the target of 2%. The announcement fueled market and...

The Price of WTI Oil Forming a Reversal Pattern In our analysis of the price of WTI oil dated November 8, we wrote that the price could recover to the level of USD 80 per barrel. After the price failed to reach the round level of USD 80 by only 36 cents (the median line of the descending...

NVDA Shares Decline after Strong Report The previous historical record and maximum for 2023 (USD 502.66 per share) was set on August 24 against the backdrop of the publication of the 2nd quarter report. This week, NVidia published its report for the Q3, and again the price set a record high...

EUR/USD, GBP/USD, and USD/JPY Analysis: US Dollar Falls to a Two-Month Low American dollar quotes continue their local correction, the US dollar index is trading at 103.400 against the backdrop of weak statistics on the real estate market: sales volumes on the secondary housing market in...

AUD/USD Analysis: Price at Important Resistance Block Yesterday's news from the FOMC is unlikely to have much impact on participants' views that the Fed's tightening cycle is over. According to published protocols: → The Fed will act cautiously; → all FOMC participants considered it...

Brent Crude Surges to $82.51 Amid OPEC+ Anticipation Brent crude oil reached $82.51 per barrel by 8:00 am UK time today, reflecting heightened anticipation ahead of the upcoming OPEC+ meeting scheduled for November 26. From the end of the last week, oil prices have exhibited a gradual upward...

EUR/USD Extends Rally While USD/CHF Dives EUR/USD started a steady increase above the 1.0830 resistance. USD/CHF declined and now struggling below the 0.8900 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro rallied after it broke the 1.0830 resistance against...

FTSE 100 Volatility Alongside BoE Interest Rate Commentary In a week marked by market undulations and anticipation of pivotal fiscal policy updates from the British government, the FTSE 100 opened on a cautious note. Ashtead Group, a prominent equipment rental firm, set a sombre tone for the...

Dollar Falling Amid Falling Inflation Market expectations that the Federal Reserve has completed its rate hike cycle are weighing on the US dollar. Cooler-than-expected US inflation data on Tuesday and Wednesday accelerated market expectations for how soon the Federal Reserve will cut rates...

Federal Reserve's 2024 Interest Rate Outlook: A Measured Descent Expected In the ever-watchful eyes of the financial world, the Federal Reserve's stance on interest rates in 2024 takes centre stage. While market expectations align with a gradual decrease in rates, the nuances in projections...

NIKKEI Analysis: High of 33 Years The Japanese stock market index, made up of shares of 225 companies, is showing high volatility today, attempting to break through the September high. Reuters wrote that the index had reached its highest level since 1990. The record is due to low rates from...

GBP/USD Regains Strength While USD/CAD Weakens GBP/USD started a fresh increase above the 1.2370 zone. USD/CAD is declining and trading below the 1.3730 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing a fresh increase above the 1.2500...

Watch FXOpen's 13 - 17 November Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: EUR/GBP’s NEW HIGH, US INFLATION, S&P500 FORECAST, BRENT CRUDE Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he...

AUD/USD and NZD/USD Dips Could Be Attractive AUD/USD is correcting gains from the 0.6540 zone. NZD/USD is also moving lower and might attempt a fresh increase from 0.5920. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6540...

BTC/USD Analysis: Bears Aggressively Defending 37,500 Level The cryptocurrency market continues to be dominated by expectations for SEC approval of Bitcoin ETFs. A decision is expected by January 10. Although expectations alone do not seem to be enough at the moment to overcome the resistance...

MSFT Analysis: New All-time High Yesterday, Microsoft's share price exceeded USD 375 for the first time ever. This happened against the backdrop of news about the company’s activities, which was favorably received by investors: → Microsoft introduced its own Maia 100 chip for cloud computing...