XAUUSD is an abbreviation, a symbol that indicates how many US dollars a trader may need to buy an ounce of gold. XAUUSD is used on trading platforms to buy gold digitally. But it is also possible to buy physical gold at banks or from reputable dealers.
XAG/USD represents the price of silver (XAG) quoted in US dollars (USD). It is a popular commodity pair in the financial markets, with silver valued both as a precious metal and an industrial asset. Silver prices are influenced by factors such as global industrial demand, especially from sectors like electronics and solar energy, as well as monetary policy,...
NVIDIA Corporation (NVDA) is a leading American technology company known for designing and manufacturing graphics processing units (GPUs), which are widely used in gaming, professional visualization, data centers, and artificial intelligence (AI). Founded in 1993, NVIDIA revolutionized the gaming industry with its GeForce line of GPUs and has since expanded into...
USD/CAD represents the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD), often referred to as the “Loonie” due to the loon bird featured on Canada’s one-dollar coin. This pair is heavily influenced by commodity prices, particularly crude oil, as Canada is a major oil exporter. When oil prices rise, the Canadian dollar typically strengthens,...
GBP/USD, often referred to as “Cable,” represents the exchange rate between the British Pound Sterling (GBP) and the US Dollar (USD). It’s one of the most actively traded currency pairs in the forex market due to the economic significance of both the UK and the US. The pair is influenced by factors such as interest rate decisions from the Bank of England and the...
BTC (Bitcoin) is the first and most widely recognized cryptocurrency, launched in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a decentralized blockchain network, enabling peer-to-peer transactions without the need for intermediaries like banks. Bitcoin is often seen as digital gold due to its limited supply of 21 million coins, making it...
The DXY (U.S. Dollar Index) measures the value of the U.S. dollar against a basket of six major foreign currencies: the euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF). It reflects the overall strength or weakness of the dollar in the global market. The euro has the largest weight, making...
XAU/USD represents the price of gold (XAU) quoted in US dollars (USD). It’s one of the most traded assets in the commodities market, often seen as a safe-haven investment during times of economic uncertainty or geopolitical tensions. Gold prices are influenced by factors such as US dollar strength, inflation rates, interest rate decisions by the Federal Reserve,...
The GBP/CHF currency pair represents the exchange rate between the British Pound Sterling (GBP) and the Swiss Franc (CHF). This pair is often influenced by economic indicators from both the UK and Switzerland, such as interest rate decisions, GDP growth, and political developments. The Swiss Franc is considered a safe-haven currency, often gaining strength during...
EUR/USD Overview EUR/USD is the most traded currency pair in the world, representing the Euro against the U.S. Dollar. Its price reflects the relative strength of the European and U.S. economies and is influenced by monetary policy, economic data, and geopolitical events. 1. Key Factors Affecting EUR/USD: • Monetary Policy: • European Central Bank (ECB) and...
WTI Crude Oil (West Texas Intermediate) Overview WTI Crude Oil is a benchmark for U.S. oil prices and is one of the most actively traded commodities worldwide. It plays a critical role in the global economy, and its price fluctuations are closely tied to supply-demand dynamics, geopolitical tensions, and macroeconomic factors. 1. Key Factors Affecting WTI Crude...
XAU/USD Overview XAU/USD represents the price of gold (XAU) quoted in U.S. dollars (USD). It’s one of the most traded commodities and is often viewed as a safe-haven asset during economic uncertainty. 1. Key Factors Affecting XAU/USD: • U.S. Dollar Strength: Gold typically moves inversely to the USD. A stronger dollar often means weaker gold prices and vice...
SPX500 Overview The SPX500 (S&P 500) represents the 500 largest publicly traded companies in the U.S., spanning multiple sectors like technology, healthcare, finance, and energy. It’s a key indicator of the overall U.S. economy. 1. Key Characteristics of SPX500: • Diverse Sectors: Unlike the tech-heavy NAS100, the SPX500 offers broader exposure to multiple...
1. Understand NAS100 The NASDAQ 100 (NAS100) is an index of the 100 largest non-financial companies listed on the NASDAQ exchange. It is heavily weighted in tech stocks like Apple, Microsoft, and Amazon. 2. Market Hours The NAS100 is most active during U.S. market hours: • Pre-market: 4:00 AM - 9:30 AM (EST) • Regular trading: 9:30 AM - 4:00 PM...
Gold (XAU/USD) is currently showing strength, approaching key resistance levels. If it breaks above these levels, it could continue its upward trend. However, if it faces rejection, a short-term pullback is possible. Support levels provide a safety net in case of declines, while fundamental factors like economic data and geopolitical tensions are influencing its...
The NASDAQ 100 is an index that consists of the 100 largest non-financial companies listed on the NASDAQ stock exchange. The weight each stock has in the index is determined by its market capitalisation, meaning the higher the market cap of a particular component, the higher its influence on the index.
DXY, or the U.S. Dollar Index, measures the value of the U.S. dollar against a basket of six major currencies: the euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF). It serves as a key indicator of the dollar’s strength in global markets. The index is influenced by factors such as Federal Reserve...
XAU/USD represents the price of gold (XAU) measured in U.S. dollars (USD). It is one of the most traded assets in the global financial markets, often seen as a safe-haven investment during economic uncertainty. Gold prices are influenced by factors such as inflation, interest rates (especially from the Federal Reserve), geopolitical risks, and market sentiment....