Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Outlook
As we approach the close of 2024, it’s time to reflect on results and think of potential opportunities for the year ahead. Join Gary Thomson, the COO of FXOpen UK, as he sums up the key market trends that shaped 2024 and provides insights on what to expect in 2025.
- Inflation and Interest...
GBP/USD Declines Following UK GDP Data Release
Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month):
→ Actual = -0.1%;
→ Forecast = +0.1%;
→ Previous = -0.1%.
The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures:
→ Could...
Adobe (ADBE) Shares Plunge Over 13%
On Wednesday evening, Adobe Inc. (ADBE) released its quarterly financial results:
→ Earnings per share: Actual = $4.81, Expected = $4.66;
→ Revenue: Actual = $5.61 billion, Expected = $5.54 billion.
Despite exceeding analyst expectations and showing growth compared to the previous quarter, Adobe’s stock opened Thursday with a...
Gold Price Hits Monthly High
The XAU/USD chart shows:
→ A notable peak in November near the $2716 level (indicated by the first arrow);
→ Yesterday, gold surpassed this peak, reaching a new one-month high.
Factors Supporting Bullish Sentiment
→ Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a...
Tesla (TSLA) Shares Surge to a New All-Time High
The chart for Tesla (TSLA) shares reveals:
→ At the beginning of December, the price was around $350;
→ Yesterday, the trading session closed above $420, surpassing the previous all-time high near $410 set in 2021.
The primary driver of this bullish sentiment appears to be the partnership between Elon Musk and...
What Is Quantitative Tightening and How Does It Work in Financial Markets?
Quantitative tightening (QT) is a critical tool central banks use to control inflation by reducing the money supply. In this article, we’ll break down how QT works, its impact on financial markets, and how it influences the broader economy. Read on to learn more about the effects of QT...
Alphabet Inc. (GOOGL) Shares Rise Over 5% in a Single Day
As the chart indicates, during yesterday’s trading session, shares of Alphabet Inc. (GOOGL), Google’s parent company, climbed to their highest level since July. This surge was driven by market participants' reaction to the company unveiling Willow, a quantum computing chip. According to Google, this chip...
USD/CAD Exchange Rate at a 56-Month High
As evidenced by the USD/CAD chart, yesterday the rate climbed above 1.4190 – a level not seen since April 2023, when the world was gripped by panic over the spread of the coronavirus.
Today, the weakness of the Canadian dollar relative to the USD is being influenced by a rich fundamental backdrop. As reported by the...
Market Analysis: USD/CHF Builds Momentum
USD/CHF is rising and might aim for a move toward the 0.8880 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF is showing positive signs above the 0.8800 resistance zone.
- There was a break above a major bearish trend line with resistance at 0.8785 on the hourly chart at FXOpen.
USD/CHF...
Market Analysis: EUR/USD Faces Resistance
EUR/USD extended losses and traded below the 1.0550 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar.
- There is a key bearish trend line forming with resistance at 1.0545 on the hourly chart of EUR/USD at FXOpen.
...
How Can You Use a Break and Retest Strategy in Trading?
Trading strategies help traders navigate the financial markets with greater confidence. One such approach is the break and retest strategy, which focuses on key support and resistance levels. This article explores the break and retest strategy in detail, providing insights and practical examples to help...
HSI Index Falls Amid Disappointing Chinese Economic Data
On Tuesday, Hong Kong's HSI index (traded as Hong Kong 50 on FXOpen) declined, erasing gains from the previous session due to worsening market sentiment following the release of disappointing Chinese economic data for November. As reported by the media:
→ China's export growth slowed to 6.7% year-on-year,...
Nvidia (NVDA) Stock Drops Amid Investigation in China
On 21 November, our analysis of Nvidia (NVDA) stock price revealed:
→ The continuation of a long-term upward channel (illustrated in blue).
→ The significance of resistance at the psychological level of $150.
Since then, NVDA’s stock price has failed to surpass the highlighted resistance level, despite stock...
What Are Leading Trading Indicators, and How Can You Use Them in Trading?
Leading indicators are essential tools for traders aiming to analyse market movements. This article explains what leading indicators are, how they work, and their practical application across different asset classes. Read on to discover how tools like RSI, Stochastic Oscillator, On-balance...
AUD/USD at a Critical Support Level
The AUD/USD chart reveals that since late October, the pair has been in a downtrend. This is largely driven by monetary policy differences: while the Federal Reserve has begun cutting interest rates, the Reserve Bank of Australia (RBA) has yet to initiate rate reductions.
Tomorrow, the RBA will announce its decision on...
Microsoft (MSFT) Stock Hits a 4.5-Month High
On 31 October, our analysis of Microsoft (MSFT) stock highlighted:
→ The price is forming a long-term upward channel, illustrated in blue.
→ The channel’s lower boundary serves as a significant support level.
On Friday, MSFT stock climbed to $445, its highest level since mid-July, buoyed by news that OpenAI may grant...
What Are Lagging Indicators, and How Can You Use Them in Trading?
Lagging indicators are fundamental tools in technical analysis, helping traders confirm trends and assess market momentum using historical price data. This article explores what lagging indicators are, the types available, and how traders use them in their strategies. We’ll also discuss their...
Market Analysis: WTI Crude Oil Faces Continued Struggles
Crude oil is showing bearish signs and might decline below $66.80.
Important Takeaways for Oil Price Analysis Today
- Crude oil prices failed to clear the $70.00 region and started a fresh decline.
- There is a connecting bearish trend line forming with resistance at $67.50 on the hourly chart of...
