Microsoft (MSFT) Shares Drop Over 3% This Month

Crypto

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 […]

Commodity Currencies Test New Lows Ahead of FOMC Minutes

Crypto

A strong US labour market report, released last week, has contributed to the decline in European and commodity currencies. The USD/CAD pair managed to strengthen above 1.3600, the AUD/USD pair tested 0.6720 as support, and the NZD/USD pair dropped below the 0.6100 mark. The increase in average wages (0.4% vs. expected 0.3%) and the rise […]

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

Crypto

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 […]

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

Crypto

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.→ […

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