Daily Market Analysis By FXOpen

[Resolve]

Market Analysis: GBP/USD Takes Hit While EUR/GBP Consolidates Gains

GBP/USD started a fresh decline from the 1.3425 resistance zone. EUR/GBP is rising and might climb above the 0.8435 resistance.

Important Takeaways for GBP/USD and EUR/GBP Analysis Today

• The British Pound is showing bearish signs below the 1.3250 support.
• There is a key bearish trend line forming with resistance near 1.3170 on the hourly chart of GBP/USD at FXOpen.
• EUR/GBP is gaining pace and trading above the 0.8400 zone.
• There was a break above a connecting bearish trend line with resistance at 0.8330 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3400 pivot level. As a result, the British Pound started a fresh decline below 1.3320 against the US Dollar.

There was a clear move below 1.3250 and the 50-hour simple moving average. The bears pushed the pair below 1.3150. Finally, there was a spike below the 1.3120 support zone. A low was formed near 1.3092 and the pair is now consolidating losses.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

Boeing (BA) Shares Hover Near Two-Year Low

Despite the S&P 500 index (US SPX 500 mini on FXOpen) rising roughly 20% since the start of 2024, Boeing (BA) shares are currently around the psychological level of $150 – a low last seen in autumn 2022.

Several factors have driven bearish sentiment for Boeing in 2024:

→ Reputational setbacks due to technical issues, including helium leaks and engine malfunctions on the Starliner spacecraft intended for astronaut transport to the ISS.

→ Boeing has struggled to meet its aircraft delivery targets, and it reported significant financial losses in Q2 2024, with earnings per share nearly halving forecasted estimates, further impacting investor confidence.

→ Fines from the U.S. Department of Justice, worker strikes, and other operational challenges have compounded issues.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

USD/JPY Analysis: Price Retreats from One-Month High

The USD/JPY chart shows that yesterday (3 October), the price slightly surpassed the 147.230 level, marking the highest point since 3 September.

This is significant as it indicates a new swing high, identified by the ZigZag indicator (in purple), which hasn’t been seen in months.

Bullish arguments for the USD/JPY chart today:

→ The price is within an ascending channel (shown in blue), illustrating an upward trajectory for the US dollar. This follows a period where the yen gained strength, pushing the exchange rate below the psychological threshold of 140 yen per dollar.

→ After the price broke above the upper boundary of the blue channel (signifying overbought conditions), a correction (such as to the channel's median) appears appropriate.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

Watch FXOpen's Sept 30 - Oct 4 Weekly Market Wrap Video

Weekly Market Wrap With Gary Thomson: Brent Crude Oil, GBP/CAD, US Dollar, Lockheed Martin Stock

Welcome to the 100th edition of our Weekly Market Wrap video series!
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 down the most significant news reports and shares his expert insights.

• XBR/USD Analysis: Brent Oil Price Soars After Attack on Israel
• Analysis of GBP/CAD: Price Falls Below 1.800 Level
• Dollar Strengthens Ahead of Employment Data Release
• Lockheed Martin (LMT) Stock Price Surpasses $600 for the First Time

Stay in the know and empower yourself with our short, yet power-packed video.

Watch it now and stay updated with FXOpen.

Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.



FXOpen YouTube

#marketwrap #marketanalysis #forexmarketanalysis #stockmarketanalysis

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

#fxopen #fxopenyoutube #fxopenint #weeklyvideo

 

[Resolve]

What Is an ABCD Pattern, and How Can You Use It in Trading?

Are you looking to improve your trading strategy and technical analysis skills? The ABCD trading pattern may be just what you need. This tool may help you identify potential market reversals and decide when to enter a trade. Keep reading to learn more about the ABCD pattern and how to apply it to your trading strategy.

What Is an ABCD Pattern?

The ABCD pattern is one of the basic harmonic patterns. It gives traders an idea of where the market might reverse. Therefore, when combined with other forms of technical analysis, it may be a great addition to your trading arsenal.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

 

[Resolve]

EUR/USD Analysis: The Exchange Rate Falls Below 1.100

As shown in today's EUR/USD chart, the euro has dropped below the 1.100 level against the US dollar. This decline is partly due to Friday's strong US jobs report, which revealed:
→ the largest job growth in six months,
→ a decrease in the unemployment rate,
→ solid wage growth.

These factors suggest a resilient US economy and increase the likelihood of a "soft landing" following the inflation surge.

TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

Meta Platforms (META) Stock Price Nears $600 Milestone

As reported by Barron’s, October has historically been the second-best month for the information technology sector in the S&P 500. The sector typically gains an average of 2.7% in October, according to Dow Jones Market Data. The best month is November, with an average increase of 3.1%. This trend likely follows the statistically weakest month—September. Meta Platforms (META)’s strong performance supports these historical patterns.

In our analysis of Meta Platforms’ stock chart on 25th September, we noted that the price was forming an ascending channel (shown in blue). Before breaking a key resistance level at $540, the price formed a bullish “inverted cup and handle” pattern, which coincided with another bullish pattern—the “inverted head and shoulders.”

Since then, Meta Platforms’ stock has maintained its upward trend, reaching new all-time highs. The price has surpassed $595 and is now nearing the psychological $600 mark.

Several factors have contributed to the bullish sentiment:

→ The upcoming earnings season. Meta Platforms is set to release its Q3 results on 30th September.

→ Excitement surrounding new developments at Meta Platforms Inc., including the augmented reality device Orion and the AI-powered tool Movie Gen, which generates videos based on text prompts.

→ A strong stock market rally, driven by better-than-expected September jobs data. Non-farm payrolls increased by 254,000 last month, surpassing the consensus estimate of 150,000 from a Bloomberg survey. The unemployment rate fell to 4.1% from 4.2% in August, contrary to analysts' expectations of no change.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

 

[Resolve]

Analytical British Pound to Australian Dollar Predictions for 2024, 2025 and Beyond

The British pound to Australian dollar (GBP/AUD) exchange rate, influenced by economic factors in the UK and Australia, is a key focus for traders. This article provides an in-depth analysis of recent trends and analytical British pound to AUD forecasts for 2024, 2025, and beyond, examining factors like monetary policy, inflation, and global trade.

Recent GBP/AUD History

The British pound (GBP) to Australian dollar (AUD) exchange rate has experienced significant fluctuations since 2019, driven by economic factors and global events.

In 2019, the GBP/AUD exchange rate remained relatively stable in a general upward trend, opening around 1.78 and closing at 1.88. While Brexit uncertainty hit the pound, progress in late 2019 helped boost optimism. Meanwhile, the Australian dollar reflected the nation’s relatively strong economic performance.

In early 2020, the COVID-19 pandemic triggered extreme volatility in global markets. The rate jumped to a high of 2.08 in March as investors dumped AUD. The Bank of England (BoE) rushed to cut interest rates amid a deep economic contraction. However, a sell-off started soon and the pair fell to 1.80 by July. Likewise, a recovery in commodities in the latter half of 2020 helped buoy the Australian dollar, with the pair ending the year at 1.77.

In 2021, the GBP/AUD rate hovered between 1.74 and 1.91. The UK’s faster vaccination rollout and stronger economic recovery pushed the pound higher in the first half of the year. By August, the exchange rate hit a peak of 1.91, supported by the UK’s reopening after lockdowns. In contrast, Australia’s slow vaccine rollout and periodic lockdowns weakened the AUD.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

AUDUSD Technical Analysis – 07th OCT, 2024
AUDUSD – Bearish Trend Reversal Pattern

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6809 the prices started to decline against the United States Dollar today in the US Trading session.
We have seen Bearish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
The prices are ranging Near horizontal resistance in the 15-minutes timeframe.
We have seen Bearish trend reversal: adaptative moving average 20 in the daily timeframe.
The Momentum indicator is back under zero in the daily timeframe.

The prices of AUDUSD are ranging Near horizontal resistance in the weekly timeframe.
The prices of AUDUSD are Near resistance of triangle in the monthly timeframe.
We have seen Bearish opening of the markets this week.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6809 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6780 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6778 which is a 14-3 Day Raw Stochastic at 20%.
AUDUSD is now trading near to its Pivot levels of 0.6786 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6771 and is moving towards its next target of 0.6763 at which the Price Crosses 40 Day Moving Average.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[Resolve]

EURUSD Technical Analysis – 07th OCT, 2024
EURUSD – Near Horizontal Resistance

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0976 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance in the 15-minutes timeframe.
We have seen Bearish price crossover with adaptative moving average 50 in the 30-minutes timeframe.
We have also detected Bearish price crossover with adaptative moving average 20 in the 1-hourly timeframe.
We can also see the formation of Bearish Harami pattern in the 2-hourly timeframe.
The Support of channel is broken in the daily timeframe.

The prices of EURUSD are ranging Near resistance of triangle in the weekly timeframe.
We can see that the prices are Near a new LOW record (1 year) in the weekly timeframe.
We have also seen a Bearish opening of the markets this week.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0976 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0970 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0951 which is a 1-Month Low.
EURUSD is now trading near to its Pivot levels of 1.0965 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0948 and is moving towards its next target of 1.0944 which is a 38.2% Retracement From 13 Week Low.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[Resolve]

GBPUSD Technical Analysis – 07th OCT, 2024
GBPUSD – Moving Average Bearish Crossovers

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3133 the prices started to decline against the United States Dollar today in the US Trading session.
We have seen Moving Average bearish crossovers: AMA20 & AMA50 in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
We can detect Bearish price crossover with adaptative moving average 50 in the daily timeframe.
The SuperTrend indicator bearish reversal is visible in the daily timeframe.

We can also see the CCI indicator is oversold: under -100 in the 1-hourly timeframe.
We have seen Bearish opening of the markets this week.
Now we can see that some of the technical indicators are giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave into the markets.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3133 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3080 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3077 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3046 and is now moving towards its next target of 1.3071 which is a Pivot Point 1st Support Point.
We are also looking for the breach of the levels of 1.3049 which is a 50% Retracement From 13 Week High/Low.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[Resolve]

NZDUSD Technical Analysis – 07th OCT, 2024
NZDUSD – Near Horizontal Resistance

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6172 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance in the 15-minutes timeframe.
The Support of channel is broken in the daily timeframe.
We have detected Bearish trend reversal: adaptative moving average 50 in the daily timeframe.
Also, the Bearish trend reversal: adaptative moving average 50 can be seen in the daily timeframe.

We can also detect the formation of Three black crows in the daily timeframe.
We can see Bearish trend reversal: adaptative moving average 100 in the weekly timeframe.
The prices of NZDUSD are ranging Near a new LOW record (1st January) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6172 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6140 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6137 at which the Price Crosses 18 Day Moving Average Stalls.
NZDUSD is now trading below its Pivot levels of 0.6147 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6134 and is now moving towards its next target of 0.6129 which is a Pivot Point 1st Support Point.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[Resolve]

What Is an Exponential Moving Average (EMA) in Trading?

One of the most used technical indicators in trading is the moving average (MA). An MA is a dynamic indicator that traders use to identify price trends and potential trading opportunities in the financial markets. One type of moving average is the EMA. What does the EMA stand for? The acronym refers to an exponential moving average.

In this FXOpen article, we'll explore how it differs from a standard moving average, how to calculate the exponential moving average, and how you can use it in trading.

What Is an EMA in Trading?

So, what does EMA mean? An EMA (exponential moving average) is a moving average that gives more weight to recent market data, making it more responsive to price changes than a simple moving average (SMA). Like other MAs, it’s used by traders to identify trends and potential trading opportunities in various financial markets, including forex, stocks, and cryptocurrencies*.

The EMA smooths out fluctuations by calculating the average price over a specific period, but it applies a multiplier that places greater emphasis on recent data. This makes it particularly useful for detecting short-term trends and reacting quickly to sudden market movements. Traders often use different timeframes for EMAs, such as 10, 50, or 200 periods, depending on their trading strategy and the asset they are analysing.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

 

[Resolve]

XBR/USD Analysis: Brent Crude Price Fails to Hold Above $80

As shown on the XBR/USD chart, Brent crude oil prices surged by over 8.5% last week — marking the largest increase in 2024, driven by escalating tensions in the Middle East.

Although oil prices continued to climb earlier this week, a pullback occurred on Tuesday, causing Brent crude to drop below the $80 level. It appears that market participants expect U.S. authorities to prevent the conflict from worsening ahead of the presidential elections, prompting them to lock in profits from previous long positions based on the technical outlook.

XBR/USD Technical Analysis

Today's analysis of the XBR/USD chart shows that Brent crude is moving within an upward channel (shown in blue) that began in the first half of September.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

Hang Seng Index (HSI) Drops Nearly 10% Today

As shown on the Hang Seng Index chart (Hong Kong 50 on FXOpen), prices have fallen by almost 10% since trading began today, and the session is not over yet.

According to Reuters, bearish sentiment was driven by uncertain statements from Chinese officials regarding economic stimulus measures. This has raised doubts in the stock market about Beijing's ability to steer the world’s second-largest economy out of its most severe downturn since the global pandemic, aiming to achieve 5% growth.

Additionally, the decline may have been accelerated by a cascade of long position closures, which were opened in mid-September when the Hang Seng Index (Hong Kong 50 on FXOpen) was in an upward trend.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

The Quasimodo Pattern: Meaning and Trading Rules

The Quasimodo (QM) pattern is no more difficult than the Head and Shoulders. Still, only a few traders know about it, and some even confuse one with the other. However, this is not a reason to avoid this tool in your forex trading strategy. Read the FXOpen article to discover the definition of the Quasimodo pattern and learn how to apply it to a price chart to build your own trading strategy.

What Is QM in Forex?

The Quasimodo is a reversal chart pattern forming at the end of a solid trend. It can be spotted on any timeframe of any asset. It means you can find a Quasimodo on forex, stock, and commodity charts.
Bearish Quasimodo

A bearish QM occurs at the end of an uptrend and signals the formation of a new downtrend. It consists of three peaks (a head in the middle and two shoulders at the sides) and two troughs. The second peak (head) is the highest, and the second trough is the lowest.

TO VIEW THE FULL ARTICLE, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

 

[Resolve]

Analysis of XAU/USD: Gold Price Drops to a Two-Week Low

The XAU/USD chart shows that yesterday, the price of gold fell below $2610, a level not seen since 20th September.

Bearish sentiment has been driven by the continued strengthening of the US dollar. According to Trading Economics:

→ This is due to market participants lowering expectations for an aggressive rate cut by the Federal Reserve.
→ Currently, there is an 89% probability that the Fed will decide on a 25 basis point rate cut in November.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

Market Analysis: AUD/USD and NZD/USD Take Hit, Turn Red

AUD/USD declined below the 0.6855 and 0.6830 support levels. NZD/USD is also moving lower and might struggle to recover above 0.6225.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

• The Aussie Dollar started a fresh decline from well above the 0.6900 level against the US Dollar.
• There is a connecting bearish trend line forming with resistance at 0.6755 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD declined steadily from the 0.6380 resistance zone.
• There is a key bearish trend line forming with resistance at 0.6145 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6950 zone. The Aussie Dollar started a fresh decline below the 0.6855 support against the US Dollar.

The pair even settled below 0.6800 and the 50-hour simple moving average. There was a clear move below 0.6750. A low was formed at 0.6715 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6755 level.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

Microsoft (MSFT) Shares Drop Over 3% This Month

An overview of stock market charts since the beginning of the month reveals that while the Nasdaq 100 index (US Tech 100 mini on FXOpen) is in positive territory, Microsoft (MSFT) shares have underperformed significantly. The opening price on 1st October was $427.47, but by yesterday's close, it had fallen over 3%.

One of the key drivers behind this bearish sentiment is analysis from Oppenheimer, suggesting that Microsoft's financial performance may be negatively impacted by losses related to OpenAI. Additionally, Oppenheimer downgraded Microsoft's stock rating, a concerning sign ahead of the upcoming third-quarter earnings season.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

[Resolve]

Analytical Silver Price Forecasts for 2024 and the Following 4 Years: How High Can Silver Go?

Silver has captivated humanity for centuries, not just as a precious metal but also as a mirror to the economic and geopolitical climates shaping its value. In this FXOpen article, we will delve into silver's price history and explore analytical predictions over the next five years, exploring potential new chapters driven by technological advancements and shifting global market dynamics.

Silver’s Price History

Silver's price history is marked by dramatic fluctuations, reflecting the interplay of market forces, geopolitical events, and investor behaviour. Interested readers can head over to FXOpen’s free TickTrader platform to explore silver price trends using our interactive XAG/USD charts.

Silver Thursday (1980)

One of the most significant periods was in the late 1970s and early 1980s, notably during the Silver Thursday event of 1980. After the precious metal began climbing in the latter half of the 1970s, an attempt by the Hunt brothers to corner the market in January 1980 led to silver prices reaching an all-time high of $49.45 per troy ounce—from the 1979’s high of $28— before crashing to a low of $4.90 at the end of 1982.

TO VIEW THE FULL ARTICLE, VISIT THE FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.