Daily Market Analysis By FXOpen

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XAU/USD Analysis: Gold Prices Poised for a New Trend

Although today is a public holiday in the US (Martin Luther King Jr. Day), financial markets are unlikely to remain calm, as traders and investors will be closely watching the inaugural speech of Donald Trump, the 47th President-elect, scheduled for 20:00 GMT+3.

Trump's speech could impact gold prices in USD, particularly if it addresses:
→ Monetary policy: With current Federal Reserve rates trending lower, non-yielding assets like gold may become more attractive.
→ International trade: If Trump’s remarks on tariffs are particularly bold, gold’s status as a “safe haven” asset could boost its appeal.
→ The dollar's value: Policies aimed at strengthening the USD and reducing national debt may influence gold prices inversely.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Market Insights with Gary Thomson: CAD, GBP, and JPY Markets, Gold, and Corporate Earnings

In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!

In this episode:

- What does the latest employment data mean for the British pound and the Bank of England’s policy direction?
- Will December’s inflation data influence the Bank of Canada’s upcoming interest rate decision? Find out how this could impact the USD/CAD pair.
- Will the BOJ raise rates again? Discover the potential impacts on the USD/JPY pair.
- Geopolitical tensions and economic uncertainty are driving gold prices. Learn what to watch for in XAU/USD trading.
- Big names like Netflix, 3M, Procter & Gamble, and Johnson & Johnson are releasing their quarterly results. Check their expected performance and market implications.

Stay in the know and empower yourself with our short, yet power-packed video.



Watch it now and stay updated with FXOpen.

Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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How Can You Use a Spinning Top Candlestick Pattern in Trading?

The spinning top candle is a key tool in technical analysis, highlighting moments of market indecision. This article explores what spinning tops represent, how they differ from similar patterns, and how traders can interpret them to refine their strategies across various market conditions.

What Does a Spinning Top Candlestick Mean?

A spinning top is a candlestick pattern frequently used in technical analysis. It consists of one candle with a small body and long upper and lower shadows of approximately equal length. The candle’s body symbolises the discrepancy between the opening and closing prices during a specified time period, while the shadows indicate that volatility was high and neither bulls nor bears could take control of the market.

This pattern signifies market indecision, where neither buyers nor sellers have gained dominance. It suggests a state of equilibrium between supply and demand, with the price oscillating within a narrow range. The spinning top may indicate continued sideways movement, particularly if it appears within an established range. However, if it forms after a bullish or bearish trend, it could signal a potential price reversal. Traders always look for additional signals from confirming patterns or indicators to determine the possible market direction.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Nasdaq 100: Bearish Signals Amid Increased Volatility

As revealed by the technical analysis of the 4-hour Nasdaq 100 chart (US Tech 100 mini on FXOpen), the ATR indicator has been above 125 since the start of 2025, in contrast to late 2024 when it was mostly below this level. This reflects heightened volatility in the US stock market due to:

→ Trump’s inauguration: The president has already signed an executive order withdrawing the US from the World Health Organization. Market participants anticipate further decisions in the near future that could significantly impact the nation’s economy.

→ Earnings season: Companies are releasing reports, prompting analysts to revise forecasts. For instance, a Jefferies analyst downgraded Apple’s (AAPL) stock rating and lowered the price target from $211 to $200, citing potentially weak revenue figures. Apple’s quarterly report is due on 30 January.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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European Currencies Strengthen Following Donald Trump's Inauguration

The start of this trading week was marked by a sharp pullback in the US dollar. According to reports from The Wall Street Journal, the newly inaugurated US President, Donald Trump, does not intend to impose tariffs immediately after taking office. This news supported the EUR/USD pair in retesting the critical 1.0440 level, helped GBP/USD buyers push the price above 1.2300, and saw USD/JPY temporarily dip below 155.00.

GBP/USD
Technical analysis of the GBP/USD pair indicates the potential for a continued upward correction, as the daily timeframe still reflects the relevance of the "hammer" pattern from 13 January. If the price rises above the 1.2340–1.2300 range, further gains towards 1.2480–1.2400 are possible.

A resumption of the downward trend may occur if the price falls below yesterday's low of 1.2160. Upcoming macroeconomic indicators will play a crucial role in determining GBP/USD's direction. Key events to watch:

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Brent Oil Price Drops from 2025 High

If you follow FXOpen’s publications, you may recall how in 2024, we repeatedly analysed the XBR/USD chart and drew several key parallel lines. For example, in our publication at the end of November.

This is significant because the uppermost of the three lines drawn last year acted as resistance, where the current peak of 2025 was formed, as shown by the arrow.

Price fluctuations in the context of these three lines can be interpreted as follows:
→ The middle line suggests the zone where the fair value of a barrel is likely to be. This is supported by the fact that at the beginning of 2025, the price consolidated near the middle line around the $76 mark;
→ The rise to the upper line indicated an overbought market condition.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.