Weekly Market Wrap With Gary Thomson: Nasdaq 100 Index, EU Currencies, USD/JPY, AMZN Shares

FXOpen

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.

  • Nasdaq 100 Index Failed to Hold above 20,000 Points
  • European Currencies Face a Crucial Test: What to Expect
  • USD/JPY Rate Hits Highest Level since 1986
  • AMZN Shares Set a New All-Time High

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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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Indices

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On 24 October, we noted that the DAX 40 stock index (Germany 40 mini on FXOpen) was losing bullish momentum and could break downward from the Bearish Rising Wedge pattern (marked with black lines).

Since then, as indicated by the

Shares

Apple (AAPL) Stock Hits Record High

The Apple (AAPL) stock chart reveals:
→ Yesterday’s closing price exceeded $242 for the first time in history.
→ The stock has risen nearly 30% since the start of 2024.
→ Over the past 30 days, it has gained approximately 9%.

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Forex Analysis

Yen Strengthens on Rate Hike Expectations; Euro Tests Recent Lows

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Over the past week, the USD/JPY pair dropped by approximately 500 pips. As anticipated, sellers tested the critical 150.00–149.00 range. This level may serve as the starting point for an upward corrective rebound.

The

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