Daily Market Analysis By FXOpen

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The US Dollar Index Hovers Near Key Resistance

As the chart of the US Dollar Index (DXY) shows, today the value is sitting near an important resistance level around 100.20 points. We highlighted this level earlier — including in our analytical post from 10 November.

Fluctuations in the USD against other currencies are forming a configuration of two channels:

→ A blue bullish trajectory that began back in September. However, this resistance level appears to be a significant obstacle. Last week, the bulls attempted to push the DXY to a six-month high, but they failed to hold those gains.

→ A red alternative bearish trajectory, which may become more pronounced and relevant if the bears seize the initiative once it becomes clear that the bulls are running out of steam.

At the start of the week, the index is also moving within a narrowing triangle — the breakout direction may indicate the key trend into the year-end.

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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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Analysis of the Nvidia (NVDA) Share Chart

Last week, we published a post titled “Ahead of Nvidia’s (NVDA) Earnings: How the Price Could Move”, in which we:

→ Drew an ascending channel (shown in blue);
→ Suggested that market participants’ overly high expectations would likely not be met when earnings were released, leading to a decline in NVDA’s price towards the lower boundary of the ascending channel, where support lies at $165.

In reality, the earnings report turned out to be very strong:
→ Gross revenue: actual = $57bn, forecast = ~$54.9bn.
→ Earnings per share (EPS): actual = $1.30, forecast = $1.26 (previous quarter = $1.05).

The surge in price with a bullish gap towards point A reflected the initial reaction to the strong figures, but the share price then began to fall (reaching a two-month low), thereby confirming our expectations.

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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: US Inflation Surprises, Too Dovish RBNZ, and Struggling Canada

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

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the week’s most critical events driving global markets.

Key topics covered in this episode:
— US Producer Price Index
— RBNZ Interest Rate Decision
— Canada GDP Growth Rate
— US PCE Price Index

Gain insights to strengthen your trading knowledge.




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 video 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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Commodity Currencies Steady Ahead of US Inflation data and RBNZ Decision

Commodity-linked currencies have moved into a stabilisation phase after a prolonged decline. Last week, pressure on the AUD and NZD eased slightly, and the pace of the downturn slowed. AUD/USD and NZD/USD are consolidating near major support levels — their yearly lows — where the market is weighing the chances of a short-term rebound against the potential for renewed downside if incoming data disappoints. Investors are cautious ahead of tomorrow’s Reserve Bank of New Zealand meeting and today’s US inflation release, both of which are likely to set the tone for further movement.

Market sentiment remains mixed. On the one hand, risk appetite is supported by reports of progress in US–China trade consultations, although persistent tariff risks continue to limit demand for high-yielding assets. On the other hand, soft US business activity figures and weak industrial data are fuelling expectations that upcoming inflation reports may confirm slowing price pressures. This makes the market particularly sensitive to today’s releases, which may include additional surprises given the impact of the recent shutdown.

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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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Alphabet (GOOGL) Shares Close Above $300 for the First Time

Charts show that Alphabet (GOOGL) shares have reached a record high, closing around $318. In doing so:
→ the price has surpassed the psychological $300 mark;
→ the stock has gained roughly 70% since the start of the year;
→ Larry Page has become the world’s second-richest person, after Elon Musk.

Why Have Alphabet Shares Risen?
The surge is explained by several factors, the most significant being news of strong performance in tests of the AI model Gemini, upgraded to version 3.0. In many benchmarks, it outperformed ChatGPT.

The rise in GOOGL’s share price seems to signal a shift in leadership in the “best AI” race — which could translate into higher sales of paid Gemini versions and increased revenue for Alphabet, which already exceeds analyst expectations, as confirmed by the report released in late October.

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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XAU/USD Chart Analysis: Market Volatility Eases (Again)

As the daily XAU/USD chart shows today, the ADX indicator is trending downwards following the extremely turbulent swings in October. This suggests:
→ gold price volatility is decreasing;
→ the market is finding balance around the psychological $4,000 level;
→ it recalls mid-July, when we noted a period of reduced volatility.

At that time, we:
→ drew an ascending channel;
→ observed that supply and demand were balancing each other, effectively reflecting all factors influencing the price.

Looking back, it can be noted that the market was in a consolidation phase (A) before the rally resumed (B) with renewed strength, as the price broke through the R1 resistance of the consolidation pattern.

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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 Ahead of the Holidays

As the chart shows, the Nasdaq 100 (US Tech 100 mini on FXOpen) has rebounded from its roughly 2.5-month low recorded on 21 November. At that point, bearish sentiment was driven by fears of an “AI bubble”, expectations of higher interest rates, and other news-related pressures.

The recovery from that level was strong — in less than a week the index gained around 5.3%, signalling robust demand. This not only offsets last week’s concerns but also injects optimism into the near-term outlook.

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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 Analysis: EUR/USD Rebounds Cautiously, USD/CHF Coils for Next Move

EUR/USD is attempting a recovery wave from the 1.1500 zone. USD/CHF climbed higher above 0.8050 and might correct some gains.

Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro declined toward 1.1500 before it started a recovery wave against the US Dollar.
- There was a break above a major bearish trend line with resistance at 1.1530 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF climbed higher above 0.8050 and 0.8080 before it faced hurdles.
- There was a break below a bullish trend line with support at 0.8085 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair extended the decline below 1.1550. The Euro even declined below 1.1520 before the bulls appeared against the US Dollar.

The pair tested 1.1490 and recently started a recovery wave. There was a move above 1.1520 and 1.1550. The pair climbed above the 50% Fib retracement level of the downward move from the 1.1653 swing high to the 1.1491 low.

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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AMD Shares Fall Despite Strong News

It emerged this week that the US government, together with Advanced Micro Devices (AMD), has launched the “Mission Genesis” initiative aimed at boosting national computing power through advanced supercomputing. The project is expected not only to significantly expand federal computational capacity but also to increase AMD’s revenue.

Nevertheless, AMD was among yesterday’s weakest performers. Market sentiment has been dampened by concerns over intensifying competition from Google. According to media reports:

→ Google’s TPU (Tensor Processing Unit) chips show strong potential for AI training.
→ Meta Platforms is already in talks to invest billions in Google’s chips for use in its data centres from 2027.

A decline of around 20% in AMD’s share price since the start of the month is worrying, yet the chart analysis offers some encouragement for the bulls.

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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Is the Silver Price Preparing to Challenge Its Record High?

The United States is celebrating Thanksgiving, meaning trading activity across financial markets will be lower than usual today (and to some extent tomorrow). Yesterday, we noted a decline in volatility in the gold market.

Against this backdrop, the silver market is drawing attention – and may not allow traders to relax. As the XAG/USD chart shows, silver has risen by more than 7% since the start of the week.

It is reasonable to assume that the holiday-induced drop in liquidity has opened the door to broader price movements. It is not impossible that we may soon see an attempt to break the all-time high (around $54.45 per ounce), which as of this morning lies roughly 1% away.

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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Eli Lilly (LLY) Shares Have Surged by Around 30% in November

The price action of Eli Lilly and Company (LLY), the world’s largest pharmaceutical firm, reflects exceptionally strong demand:
→ since the start of the month, LLY shares have risen by roughly 30%;
→ in late November, the company’s market capitalisation exceeded $1 trillion, making Eli Lilly the first pharmaceutical firm in history to reach this level.

Why are Eli Lilly (LLY) Shares Rising?
A key driver has been the strong earnings report published on 30 October.
→ Earnings per share came in far above expectations ($7.02 versus $5.69).
→ Sales of diabetes treatment Mounjaro and obesity drug Zepbound surpassed $10 billion for the quarter.
→ On the back of this success, management raised its revenue outlook, and market participants now expect an even stronger fourth quarter.

At the same time, the chart is signalling that the extraordinary rally may be running out of steam.

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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The USD/JPY Currency Pair Has Stabilised Around the 156.300 Level

The ATR indicator is sitting near its lowest readings and is trending downward. This may reflect not only reduced trading activity over the Thanksgiving period in the US, but also uncertainty among currency traders who are weighing the many factors influencing USD/JPY at the moment.

On one hand, the US dollar is being pressured by expectations of a Federal Reserve rate cut, with Fed officials delivering notably dovish comments this week.

On the other hand, the yen’s valuation is being shaped by:
→ the economic stimulus package from Prime Minister Sanae Takaichi;
→ expectations of Bank of Japan intervention to support the weakening yen;
→ geopolitical tensions between China and Japan.

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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The Canadian Dollar Strengthened Sharply After Unexpected GDP Data

Statistics Canada reported on Friday that real GDP grew by 2.6% year-on-year in the third quarter of 2025, which means:
→ a significant beat compared with analysts’ expectations of just 0.5% year-on-year growth;
→ Canada avoided a technical recession (two consecutive quarters of contraction) following a 1.8% decline in the previous quarter.

The release triggered a strong rally in the Canadian dollar, as markets may have concluded that the Bank of Canada has less need to support the economy with additional liquidity, making the loonie more attractive to hold.

On the other hand, the unexpected GDP rise may partly be a statistical artefact linked to calculation methodology and the impact of tariffs introduced into global trade by the Trump administration. It is possible that GDP grew due to falling imports — meaning that even with strong headline numbers, the underlying economy may remain fragile.

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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 Analysis: AUD/USD and NZD/USD Extend Uptrend as Market Sentiment Turns Bullish

AUD/USD started a fresh increase above 0.6500 and 0.6520. NZD/USD is also rising and might aim for more gains above 0.5750.

Important Takeaways for AUD USD and NZD USD Analysis Today
- The Aussie Dollar started a decent increase above 0.6500 against the US Dollar.
- There is a short-term contracting triangle forming with support at 0.6540 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD is consolidating gains above the 0.5700 handle.
- There is a major bullish trend line forming with support at 0.5730 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 0.6420. The Aussie Dollar was able to clear 0.6500 to move into a positive zone against the US Dollar.

There was a close above 0.6520 and the 50-hour simple moving average. Finally, the pair tested 0.6560. A high was formed near 0.6559 and the pair recently started a short-term downside correction. There was a minor decline below 0.6550.

On the downside, initial support is near a short-term contracting triangle at 0.6540 and the 50-hour simple moving average. The next area of interest could be 0.6520. If there is a downside break below 0.6520, the pair could extend its decline toward the 0.6490 zone and the 50% Fib retracement level of the upward move from the 0.6421 swing low to the 0.6559 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.

 

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XBR/USD Chart Analysis: Geopolitics Are Once Again Driving Brent Crude Prices

On 21 November, we outlined a descending channel on the XBR/USD chart and noted that the bearish trend had been fuelled by easing geopolitical risks and hopes for an end to the war in Ukraine.

Ten days later, Brent crude is now trading above its late-November highs — once again driven by geopolitical developments.

Why is Oil Rising?
US President Donald Trump stated that the airspace over and around Venezuela “should be considered completely closed”. This immediately led to flight cancellations, created a de facto blockade, and raised the threat of military action in an oil-rich region. This risk premium is being priced into the current rally.

In addition, OPEC+ members have confirmed they will postpone the production increases planned for early 2026 — setting the stage for a potential supply deficit, especially if Venezuelan exports are disrupted.

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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Santa Rally or Santa Crash? What History Says About December Volatility?

Every year, traders wait for the “Santa Rally” — the seasonal jump in stocks during the last week of December and the first two trading days of January. But history shows that December isn’t always a calm or bullish month. While the S&P 500 has posted a Santa Rally in about 70% of the past 25 years, several Decembers have still ended in the red, including notable declines in 2002, 2018, and 2022.

Seasonality matters, but macro conditions often dominate. A firm Federal Reserve stance, year-end tax-loss selling, and thin holiday liquidity can all turn December into a more volatile period.

So what could this December bring — a Santa Rally or a Santa Crash? The market may offer gifts, but history reminds us that risk management is the one thing traders can rely on.

Watch on YOUTUBE

#financialmarkets #financenews #financeshorts #S&P500 #stockmarket #santarally

 

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Euro and Pound Rally Slows: Focus Turns to EU and UK Data

European currencies opened the week under pressure after last week’s upward momentum failed to extend further. EUR/USD and GBP/USD had been strengthening for several consecutive days, supported by soft US inflation data, which reduced expectations of a more aggressive Federal Reserve stance. However, both pairs encountered significant resistance zones and were unable to break through them, prompting profit-taking and a move lower.

Market attention is now firmly on upcoming macroeconomic releases from Europe and the UK. For the euro, key indicators will include business activity data, German consumer inflation figures, and industry sentiment surveys. Persistently weak inflation or further deterioration in economic indicators could place additional short-term pressure on the single currency.

The pound also remains sensitive to the data due out this week, with traders watching UK PMIs and retail sales reports. Despite last week’s corrective rebound, GBP/USD failed to establish itself above key resistance levels, signalling investor caution ahead of major publications.

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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S&P 500 Index: Early December Chart Analysis

December is traditionally a favourable month for the S&P 500 (US SPX 500 mini on FXOpen):
→ Since the 1950s, December has ended higher in over 70% of years.
→ Average monthly gain is around +1.0%.

Will the index rise in 2025? Much depends on the Federal Reserve meeting on 10 December, as well as other factors, including geopolitical developments. Interest is also piqued by an upcoming statement from Trump at the White House (today, 22:00 GMT+3), though the topic remains undisclosed.

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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Strategy (MSTR) Shows Signs of Hope After Dramatic Drop

The share price of Strategy Incorporated (MSTR), led by Michael Saylor, a well-known Bitcoin advocate, has plunged catastrophically, losing over 65% from its July highs.

While Bitcoin itself has declined by only around 30–35% from its autumn peaks, MSTR shares fell roughly twice as much. This may be linked to Saylor’s strategy of heavily buying Bitcoin on borrowed funds – a tactic that amplified gains when crypto prices rose but intensified losses as BTC/USD fell, placing extra pressure on the company’s market capitalisation and creating risks for MSTR shareholders.

Reports indicate that major funds, including BlackRock, Vanguard, and Fidelity, sold significant holdings of MSTR shares in Q3, and JPMorgan has warned that MSTR could be removed from the Nasdaq 100.

Yesterday, the price dropped to its lowest level since last autumn. However, the chart offers tentative hope for bulls. The candle is notable because, although the price fell below $160, it closed above $170, showing that the decline did not fully continue.

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 Analysis: GBP/USD Maintains Upward Bias, EUR/GBP Gains Strength

GBP/USD is showing bullish signs above the 1.3180 zone. EUR/GBP is gaining pace and might extend its upward move above 0.8800.

Important Takeaways for GBP/USD and EUR/GBP Analysis Today
- The British Pound is gaining pace above 1.3200 against the US Dollar.
- There is a declining channel forming with support at 1.3180 on the hourly chart of GBP/USD at FXOpen.
- EUR/GBP started a fresh increase above 0.8765 and 0.8775.
- There is a major bearish trend line forming with resistance at 0.8800 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair remained in a positive zone above 1.3080. The British Pound formed a base and started a fresh increase against the US Dollar, as mentioned in the previous analysis.

The pair gained pace for a move above 1.3130 and 1.3180. The pair even settled above 1.3200 and the 50-hour simple moving average. A high was formed at 1.3275 before there was a downside correction.

The pair dipped below the 23.6% Fib retracement level of the upward move from the 1.3038 swing low to the 1.3275 high. However, the bulls are active above 1.3180. There is also a declining channel forming with support at 1.3180.

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.