Daily Market Analysis By FXOpen

[Resolve]

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.

 

[Resolve]

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.

 

[Resolve]

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.

 

[Resolve]

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.

 

[Resolve]

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.

 

[Resolve]

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.

 

[Resolve]

Martingale and Anti-Martingale Position Size Trading Strategies

Martingale and Anti-Martingale trading strategies are contrasting approaches to risk management. While one doubles down on potential losses to recover with a single effective trade, the other scales up on potentially effective trades and reduces positions when suffering losses. Both have their strengths and challenges, making them intriguing options for traders.

In this article, we’ll break down how each strategy works, so you can decide which or none suits your trading style.

What Is Martingale Trading?
The Martingale trading strategy originated in the casino industry in the 18th century. In the 20th century, French mathematician Paul Pierre Levy introduced it into probability theory. Later, it was adapted for trading.

At its core, the strategy involves doubling the size of a trade after every loss. The idea is simple: one eventual effective trade will offset previous losses and generate a net return.

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.

 

[Resolve]

Market Analysis: EUR/USD Starts Increase While USD/JPY Corrects Gains

EUR/USD started a decent upward move above the 1.0350 resistance. USD/JPY is correcting gains and now consolidates below 156.00.

Important Takeaways for EUR/USD and USD/JPY Analysis Today
· The Euro found support and started a recovery wave above the 1.0360 resistance zone.

· There is a key bullish trend line forming with support near 1.0395 on the hourly chart of EUR/USD at FXOpen.

· USD/JPY is trading in a bearish zone below the 157.00 and 156.60 levels.

· There is a connecting bearish trend line forming with resistance near 155.90 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.0265 zone. The Euro climbed above the 1.0310 resistance zone against the US Dollar.

The pair even settled above the 1.0350 resistance and the 50-hour simple moving average. Finally, it tested the 1.0435 resistance. A high is formed near 1.0434 and the pair is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the 1.0266 swing low to the 1.0434 high.

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.

 

[Resolve]

Oracle Stock (ORCL) Surges Amid Trump’s Initiative

Stargate – an initiative unveiled by Donald Trump on his second day as president – represents a collaborative project between OpenAI, SoftBank, and Oracle to advance artificial intelligence infrastructure in the United States. The project’s partners also include Microsoft, MGX, Arm, and NVIDIA.

The initiative involves an initial $100 billion investment to construct a data centre in Texas, with total funding potentially increasing to $500 billion over four years. Additionally, President Trump has revoked an executive order from his predecessor, Joe Biden, issued in 2023, which aimed to mitigate risks associated with AI development.

Financial markets responded with a rally in tech stocks, with Oracle’s stock (ORCL) gaining over 7% in a single day.

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.

 

[Resolve]

Chinese Stocks Decline Amid Tariff Threats

According to Bloomberg, President Donald Trump raised the possibility of imposing tariffs on China during his second day in office.

“We’re considering a 10% tariff on China,” Trump announced during a White House event on Tuesday, indicating February 1 as a potential start date.

During his election campaign, Trump had mentioned tariffs as high as 60%, and the prospect of transitioning from campaign rhetoric to real action is driving bearish sentiment.

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.

 

[Resolve]

High-Frequency Trading (HFT) in Forex and Stocks

High-Frequency Trading (HFT) has garnered significant attention due to its transformative impact on markets, reshaping the way they operate, influencing liquidity, price discovery, and overall efficiency. In this FXOpen article, we focus on high frequency forex and stock trading, its definition and its specific applications, pointing out the opportunities and challenges that this trading method presents.

High-Frequency Trading: An In-Depth Analysis

High-frequency trading represents a dynamic and swiftly evolving facet of the financial world. Understanding the basic HFT concept can help traders develop and employ advanced trading strategies.

Definition

At its essence, high-frequency trading is characterised by the swift execution of a substantial number of orders within exceptionally brief time intervals, often measured in milliseconds or microseconds. Traders engaged in HFT within the market leverage robust algorithms and state-of-the-art technology to scrutinise extensive sets of market data, facilitating swift and informed trading decisions. At the heart of HFT is its ability to harness even the slightest price differentials, allowing traders to take advantage of market inefficiencies that may elude traditional counterparts.

VIEW 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.

 

[Resolve]

Dollar Range Trading Awaits Trump's Directives

Following Donald Trump's inauguration, the dollar lost part of this month’s gains on Monday and adjusted to significant support levels. However, there is no clear development of a full-scale downward correction as yet. Most currency pairs remain within their previous sideways corridors, awaiting new directives from the newly inaugurated president.

USD/JPY
The USD/JPY currency pair has once again tested the important range of 155.00–154.80. The inability of sellers to hold the price below 155.00 for two weeks could lead to another test of recent highs in the 157.00–157.80 zone.

Technical analysis of USD/JPY indicates a sideways movement of the pair. At present, the price is at the upper boundary of a five-day corridor. If it rebounds from the 156.70 level, a decline towards the 155.20–155.00 marks is possible.

A consolidation above 157.00 could result in an update of the year’s maximum at 158.90.

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.

 

[Resolve]

Netflix (NFLX) Shares Surge After Earnings Report

After the close of the main trading session on the stock market on Tuesday, Netflix released its Q4 2024 results. The report was exceptionally strong:

→ Analysts expected the company to add 9.18 million paid subscribers during the quarter, but the actual figure reached 18.91 million, which is 15.9% more than in the same quarter last year.
→ Total subscribers reached 300 million.
→ Earnings per share amounted to $4.27 (expected: $4.20).
→ Gross revenue: actual = $10.25 billion, expected = $10.11 billion.

The company’s success was supported by products such as Squid Game, Bridgerton, and Nobody Wants This. During the quarter, 55% of customers chose ad-supported plans, and subscriptions to this plan grew by 30%. Netflix executive Gregory Peters believes that advertising revenue could double between 2024 and 2025.

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.

 

[Resolve]

Germany’s DAX 40 Stock Index Hits Record High

The country’s Finance Minister, Jörg Kukies, stated in an interview with CNBC that it is crucial for Germany to enter a period of economic growth, adding that structural deficiencies need to be addressed.

“We have just received another downward revision of growth forecasts from the IMF,” he said at the World Economic Forum in Davos. The International Monetary Fund (IMF) now projects Germany’s GDP growth at 0.3% in 2025 and 1.1% in 2026, according to the January update of its World Economic Outlook. This marks a sharp decline from the October forecast of 0.8% growth in 2025.

Germany’s annual gross domestic product contracted in both 2023 and 2024. Quarterly GDP figures were also modest, although the economy has so far avoided a technical recession.

Kukies also remarked that domestic German companies are “under stress” but continue to perform “very well” on the global market, seemingly referencing the rise of the DAX 40 stock index (Germany 40 mini on FXOpen). Indeed, yesterday the index surpassed the 21,300-point level for the first time in history.

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.

 

[Resolve]

Advanced Order Types in ECN Trading

Electronic Communication Networks (ECN) have transformed the landscape of financial trading, offering direct market access and enhanced transparency. Central to ECN trading is the use of various order types, each tailored to specific strategies and risk management approaches. This article delves into advanced order types, providing traders with essential knowledge for navigating this dynamic trading environment.

Understanding ECN Trading

Electronic Communication Network (ECN) trading represents a pivotal development in financial markets, offering a pathway for traders to connect directly with each other without requiring intermediaries. This system functions through an electronic network that efficiently matches buy and sell trades, contributing to greater transparency and tighter spreads in the market.

In an ECN environment, traders can see the best available bid and ask prices, along with the market depth, which includes potential entries from various market participants. This visibility into the market's order book enables more informed decision-making as traders gain insights into potential market movements and liquidity.

A key advantage of ECNs is the anonymity they provide, enabling traders to execute transactions without exposing their strategy. This feature is particularly effective for large-volume traders who wish to avoid market impact.

ECN brokers, like FXOpen, tend to offer lower costs compared to traditional market makers, as they typically charge a fixed commission per transaction rather than relying on the bid-ask spread. Such a cost structure can be advantageous for active traders and those employing high-frequency trading strategies.

VIEW 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.

 

[Resolve]

Bank of Japan Raises Rates, Yen Strengthens

The Bank of Japan (BOJ) has raised short-term interest rates to 0.5%, the highest level in 17 years. While this move was anticipated, the currency market responded with a significant strengthening of the yen, with USD/JPY falling by approximately 0.6%.

At a press conference, BOJ Governor Ueda stated that there is no predetermined course for future rate adjustments. Meanwhile, media reports cite analysts’ opinions suggesting that the rate could be raised again before the end of 2025.

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.

 

[Resolve]

S&P 500 Index Sets Record High

As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the stock index:
→ has increased by approximately 3.5% since the start of the year;
→ surpassed its previous all-time highs set in December.

Market participants’ optimism was driven by:
→ a strong start to earnings season and expectations of robust reports from major tech companies;
→ statements made by Donald Trump at the Davos forum, where the US president urged Saudi Arabia to lower oil prices and expressed the view that interest rates should be reduced. Overall, such measures are expected to foster economic growth.

Reuters quoted Lindsay Bell, Chief Strategist at 248 Ventures: buyers "like the idea of interest rates coming down, of oil prices coming down. All in all, the market is optimistic the more they hear about Trump policies. We're just seeing a reflection of that optimism."

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.

 

[Resolve]

What Are Financial Derivatives and How to Trade Them?

Financial derivatives are powerful instruments used by traders to speculate on market movements or manage risk. From futures to CFDs, derivatives offer potential opportunities across global markets. This article examines “What is a derivative in finance?”, delving into the main types of derivatives, how they function, and key considerations for traders.

What Are Derivatives?
A financial derivative is a contract with its value tied to the performance of an underlying asset. These assets can include stocks, commodities, currencies, ETFs, or market indices. Instead of buying the asset itself, traders and investors use derivatives to speculate on price movements or manage financial risk.

Fundamentally, derivatives are contracts made between two parties. They allow one side to take advantage of changes in the asset's price, whether it rises or falls. For example, a futures contract locks in a price for buying or selling an asset on a specific date, while a contract for difference (CFD) helps traders speculate on the price of an asset without owning it.

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.

 

[Resolve]

Market Analysis: AUD/USD and NZD/USD Bounce Back: Are Further Gains Ahead?

AUD/USD started a decent increase above the 0.6200 and 0.6250 levels. NZD/USD is also rising and might aim for more gains above 0.5685.

Important Takeaways for AUD USD and NZD USD Analysis Today
· The Aussie Dollar rallied after forming a base above the 0.6165 level against the US Dollar.

· There is a key bullish trend line forming with support at 0.6290 on the hourly chart of AUD/USD at FXOpen.

· NZD/USD is consolidating gains from the 0.5650 zone.

· There is a major bullish trend line forming with support at 0.5685 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6165 support. The Aussie Dollar was able to clear the 0.6200 resistance to move into a positive zone against the US Dollar.

There was a close above the 0.6250 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6330 zone. A high was formed near 0.6330 and the pair recently saw a minor pullback.

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.

 

[Resolve]

XNG/USD Analysis: Bears Pressure Key Support

On 5 December, while analysing the natural gas chart, we noted that price movements:
→ were forming an ascending channel (shown in blue);
→ support from the lower boundary of the channel (reinforced by the psychological level of 3.000) was already evident in a nascent price reversal (indicated by an arrow).

As the XNG/USD chart illustrates, since that time (marked by a blue arrow), the price indeed rose, using the support from the lower boundary of the channel to reach its upper boundary on 30 December.

However, we now see supply forces displaying aggression – whenever the natural gas price climbs above 3.700, bears quickly intervene (marked by red arrows), pushing the price back down.

What could happen next?

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.