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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.
- GBP/USD Hits Four-Month High Following GDP Growth News
- Market Analysis: EUR/USD Jumps, USD/JPY Bulls Seem Unstoppable
- XAU/USD Analysis: Gold Price Falls from Six-Week High
- Analysts Raise NVDA Forecasts, Stock Price Rises
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NIO Stock Price Surges by 14%
On 23 August, while analysing the chart of Chinese automaker NIO, we noted that:
→ For months, the price has been forming a downward channel (shown in red), driven by the company’s inability to turn a profit, with the $4.
Analysis of XAU/USD: Gold Price Holds Near Key Resistance
As shown on the XAU/USD chart today, the price of gold is:
→ above the psychological level of $2,500 per ounce;
→ near a key resistance marked by a red line labelled Support 2. This line has been preventing further
Market Analysis: GBP/USD Recovers While EUR/GBP Eyes Gains
GBP/USD is attempting a fresh increase from the 1.3090 zone. EUR/GBP is gaining pace and might extend its upward move above the 0.8440 zone.
Important Takeaways for GBP/USD and EUR/GBP Analysis Today
· The British