News & Analysis
EUR/USD Breaks 2023 Low
Today’s PMI figures were released and came in worse than analysts’ expectations. The Flash Manufacturing PMI and Flash Services PMI for both Germany and France fell below the 50.0 threshold, indicating that Europe’s economy is slowing down. This weakened the...
Alphabet Inc. (GOOGL) Shares Drop Over 4.5% in a Single Day
As the chart shows, during yesterday’s trading session, the stock price of Alphabet Inc. (GOOGL), the parent company of Google, declined by more than 4.5%. The drop was driven by regulatory pressure on the company concerning its Chrome browser, which...
Dollar Resumes Gains Amid Weak Rivals and Fresh Economic Data
After a brief correction, the US dollar is back on an upward trajectory. The GBP/USD pair has fallen to 1.2600, USD/CAD has bounced from 1.3940 and is heading towards 1.4000, while EUR/USD is approaching 2023 lows. USD/CAD At the start...
Analysis of XAU/USD: Gold Price Rises by 5% in a Week
As shown in the XAU/USD chart, last Thursday, the price of gold dropped below $2,540. Today, however, the precious metal has surged above $2,660 per ounce. The more than 5% weekly increase was driven by a new wave of international...
Nvidia (NVDA) Stock Drops Following Earnings Report
On 13 November, we analysed Nvidia’s (NVDA) price chart and noted: → The continuation of a long-term upward channel (highlighted in blue). → A consolidation below the psychological $150 level, forming a narrowing triangle along the Quater Line, which divides...
Analytical AVAX Price Forecasts for 2024, 2025-2030, and Beyond
Avalanche (AVAX) has emerged as a strong layer-1 blockchain with unique capabilities in scalability, speed, and DeFi applications. This article explores AVAX’s potential price movements from 2024 through 2030 and beyond, providing a detailed outlook based on market developments,...
European Currencies' Decline Slows Near Key Levels
As anticipated, investor concerns over escalating trade tensions between the U.S. and Europe, following Donald Trump’s U.S. election victory, have driven the euro and pound toward critical support levels. GBP/USD Last week, GBP/USD sellers pushed the pair down to the...
Morgan Stanley: Trump’s Tariff Plans Could Lower Stock Indices
As reported by CNBC, Morgan Stanley analysts have evaluated the potential impact of tariff plans proposed by Donald Trump during his presidential campaign on the U.S. economy and stock market. Key initiatives from the president-elect include: → Introducing a general...
Market Analysis: AUD/USD and NZD/USD Recover - More Gains Ahead?
AUD/USD is attempting a recovery wave from 0.6440. NZD/USD is also correcting losses and might recover if there is a clear move above the 0.5950 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today · The Aussie Dollar found support...
What Indicators Do Traders Use for Scalping?
Scalping is a fast-paced trading style where traders aim to take advantage of small price movements within short timeframes. Such traders often rely on technical indicators to make quick decisions. This article explores some of the most popular scalping indicators,...