Watch FXOpen's May 1 - 5 Weekly Market Wrap Video

FXOpen

In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.

  • Unexpected interest rate hike in Australia strengthens AUD
  • Market reaction to the Fed's decision
  • Crude oil is at lowest point in over a month as US economy teeters and supply changes
  • The Netflix chill – shares hit one-month low over past few days


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‌Watch our short and informative video, and stay updated with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. 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.

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Commodities

Natural Gas Prices Fell in Late December

On 4 December, while analysing the XNG/USD chart, we highlighted the rally in natural gas prices towards a three-year high and noted that the price had entered a resistance zone formed by:

→ the upper boundary of a broad descending

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Commodities

Gold Price Analysis: Price Retreats From Record Highs

As the XAU/USD chart shows, gold rallied yesterday to near its October all-time high around the 4,380 level, before pulling back (as indicated by the arrow).

The surge in volatility was driven by a combination of factors:

→ Expectations

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