Daily Market Analysis By FXOpen

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USD/JPY Climbs Towards a Key High

On 15 December, we highlighted that USD/JPY was sliding towards a key support area near the lower boundary of its ascending channel.

Since then (as shown by the arrow), the pair has reversed higher, gaining around 1.5% and moving close to an important high set last month.

Notably, the advance has occurred despite two bearish factors:
→ last Friday’s interest-rate increase to 0.75%, the highest level in 30 years;
→ the ongoing risk of currency intervention aimed at supporting the yen.

It appears that the rate hike had already been priced in, while traders focused on the relatively dovish tone of the Bank of Japan’s comments following the decision. At the same time, the threat of intervention is largely being viewed as rhetorical rather than imminent.

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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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10 Weakest European Currencies

While the euro may have been adopted by many European nations, plenty still use their own currencies. Some are strong, such as the British pound and Swiss franc, while others are much weaker.

This FXOpen article explores ten of the weakest currencies in Europe in 2025, ranking them and discussing reasons for their low valuations.

10 Weakest Currencies in Europe in 2025
There are several weak currencies in Europe, but they aren't all weak for the same reasons. Below, we’ll break down precisely why they’re so weak: economic struggles and mismanagement, geopolitical and political conflicts, and more.

The ten weakest currencies in Europe are:

Hungarian forint (HUF)
Icelandic króna (ISK)
Serbian dinar (RSD)
Albanian lek (ALL)
Macedonian denar (MKD)
Ukrainian hryvnia (UAH)
Czech koruna (CZK)
Moldovan leu (MDL)
Norwegian Krone (NOK)
Swedish Krona (SEK)

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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 Year Wrap 2025 with Gary Thomson: Key Highlights and Outlook for 2026

2025 was a year defined by policy shocks, geopolitical risk, and strong divergence across asset classes. From renewed trade wars to record-breaking equity and commodity moves, markets were repeatedly forced to reprice macro assumptions. Let’s recall the most critical events that had an impact across FX, equities, and commodities.

Key Highlights:

- FX Markets: Currency pairs were highly volatile throughout the year as persistent recession fears, weak and uneven macro data, contradictory monetary policy signals, and rising geopolitical tension triggered significant price swings.

- Equities: US equities experienced sharp volatility during the year. In April 2025, the implementation of broad tariffs triggered a large sell-off, marking the largest decline since the COVID crash of 2020. Despite this, equities recovered strongly. Expectations of easier monetary policy and resilient corporate earnings pushed major indices to record levels by year-end.

- Commodities: Precious metals were among the strongest performers of the year. Energy markets told a different story. Policy decisions and geopolitical dynamics played a central role across the markets.

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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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Oil Rises 1.7% Since the Start of the Week On Geopolitical Factors

As the XBR/USD chart shows, Brent crude trading opened this week near the $61.40 level, and by Tuesday morning the price was hovering around $61.50 (approximately +1.7%).

Oil prices are being pushed higher by geopolitical developments, including:
→ Pressure on Venezuela. President Trump stated that the United States could seize or sell oil from Venezuelan tankers that have been blocked.
→ Ukrainian attacks on ports and tankers linked to the transportation of Russian oil.

As a result, oil has gained around 5% from its seven-month low recorded on 16 December (point B), reflecting the risk premium that traders are building into the price of a barrel.

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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Nvidia (NVDA) Shares Rise On Potential Chip Shipments to China

According to Reuters sources, Nvidia has informed Chinese clients of plans to begin shipments of its H200 chips by mid-February 2026. This has been made possible by a recent change in US export policy, which allows the sale of advanced technologies provided a special 25% duty is paid.

NVDA shares reacted positively to the news, as the ability to legally sell high-performance chips — which are roughly six times more powerful than the previously approved, cut-down H20 versions — to major players such as Alibaba and ByteDance could significantly boost Nvidia’s revenues.

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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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Analytical Gold Price Predictions for 2026, 2027, and Beyond

Gold continues to attract attention as investors search for a so-called safe haven in an increasingly uncertain global environment. Rising geopolitical tensions, currency volatility, central bank reserve shifts, and questions about long-term economic resilience have all pushed gold back into focus.

With prices reaching repeated record highs in 2025, many are now looking beyond the immediate rally and asking what comes next. This article breaks down the factors shaping gold’s trajectory and examines analytical gold price forecasts for 2026 to 2030.

Gold Price History
Gold has been a cornerstone of economic systems and wealth preservation for millennia. Revered for its scarcity and intrinsic value, the precious metal has been used as a form of currency, a symbol of wealth, and a reserve asset across different civilisations. Its unique qualities, such as durability and resistance to corrosion, have made it a preferred choice for monetary systems until the modern era introduced fiat currencies.

In the 20th century, gold retained its prominence through the establishment of the gold standard, where currencies were directly linked to gold reserves. Although this system was eventually abandoned, gold has continued to play a significant role as a store of value and a hedge against economic uncertainties, maintaining its relevance in global markets.

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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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Silver Price Hits a Record High Near $72

On 12 December, we noted that silver had climbed above $60. It took the market less than two weeks to advance further and clear the next psychological milestone at $70.

Today, XAG/USD reached $72, extending the sharp rally that began in the autumn. Gold prices have also been showing strong momentum.

The surge in precious metals has been driven by:
→ robust ETF buying from retail investors;
→ rising geopolitical tensions (media reports suggest the US has deployed additional military forces close to Venezuela);
→ reduced liquidity during the holiday period. Thin trading conditions often leave markets exposed to abrupt price swings.

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: EUR/USD Pushes Up, USD/CHF Slips Further Under Pressure

EUR/USD started a fresh increase above 1.1750 and 1.1780. USD/CHF declined further and is now struggling below 0.7900.

Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro started a decent increase from 1.1700 against the US Dollar.
- There is a key bullish trend line forming with support near 1.1780 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF declined below the 0.7920 and 0.7900 support levels.
- There is a key bearish trend line forming with resistance near 0.7905 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 1.1700 zone. The Euro cleared the 1.1750 barrier to move into a bullish zone against the US Dollar.

The bulls pushed the pair above the 50-hour simple moving average and 1.1780. Finally, the pair tested 1.1800. A high was formed near 1.1808 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward wave from the 1.1703 swing low to the 1.1808 high.

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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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USD/CHF Falls to a Three-Month Low

As shown on today’s USD/CHF chart, the US dollar has dropped against the Swiss franc to its lowest level in three months.

In December, the pair has declined by around 1.9%. This move reflects not only US dollar weakness—driven by expectations of further Federal Reserve rate cuts in 2026—but also the strength of the franc, whose appeal has been reinforced by recent news:

→ In December, the Swiss National Bank left its key interest rate unchanged at zero and commented that the reduction in US tariffs on Swiss goods has improved Switzerland’s economic outlook.

→ Rising geopolitical tensions, including developments near the Venezuelan coast.

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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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Top 10 Weakest Currencies in the World

There are around 180 currencies in circulation around the world today. Some are strong, stronger than even the global benchmark, the US dollar. Others are exceptionally weak - so weak that even tens of thousands of units of the currency may not be enough to buy a single US dollar.

Economic crises, political and military instability, and persistent structural issues dent the value of these currencies and make them the cheapest currencies in the world. In this list, we’ll look at ten of the most worthless currencies in 2025, exploring what exactly has made them so weak.

Top 10 Weakest Currencies in the World 2025
So what is the weakest currency in the world? It’s the Lebanese pound, a currency that’s rapidly risen up the ranks over the past few years to become the world’s least valuable currency by quite a stretch. But while Lebanon’s issues are relatively unique, there are some commonalities between it and the rest on this list. As we’ll see, each currency has its own story, but the underlying pressures driving them are remarkably similar.

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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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Framing Effect in Investing and Trading

The framing effect shapes trading and investing decisions in ways that often go unnoticed. Small changes in wording, context, or presentation steer how market information is interpreted, influencing reactions even when the underlying data stays the same. In this article, we will discuss what the framing effect is, where it comes from, the main forms it takes in financial markets, and how traders may identify and deal with its influence.

Key Takeaways for Traders and Investors
The framing effect shifts trading behaviour by changing how identical data is presented, influencing reactions before deeper analysis starts.
Headlines, performance metrics, and reference levels often shape market tone through selective framing.
Gain-loss framing, time-horizon framing, and reference-point framing steer attention toward specific narratives.
Reframing data, checking raw figures, and comparing multiple horizons potentially reduce framing-driven bias.

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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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AUD/USD Rises to a Yearly High

As the AUD/USD chart indicates, the pair updated its yearly highs today, reaching levels above 0.6710. Since the beginning of December, it has risen by approximately 2.45%.

Key bullish drivers include:

→ Central bank policy divergence. While the Federal Reserve is cutting interest rates, the Reserve Bank of Australia is seriously discussing the possibility of rate hikes in 2026 (as reflected in the minutes of the latest RBA meeting).

→ Record-high gold prices. As the Australian dollar is a commodity currency, it shows a strong correlation with prices of key export commodities.

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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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Gold Price Breaks Above $4,500 for the First Time

Just four days ago, we reported on the record breakout above the $4,400 level. The bullish gold market is now providing a new reason for analysis. As the XAU/USD chart shows, the gold price has risen above $4,530 today, marking a new all-time high.

The fundamental backdrop supporting demand for the metal is driven by expectations of monetary policy easing by the Federal Reserve in 2026, a weaker US dollar, and rising geopolitical tensions.

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: AUD/USD Strengthens, NZD/USD Corrects

AUD/USD started a fresh increase above 0.6700. NZD/USD is also rising and might aim for more gains above 0.5850.

Important Takeaways for AUD/USD and NZD/USD Analysis Today
- The Aussie Dollar started an increase above 0.6650 against the US Dollar.
- There is a short-term bullish trend line forming with support at 0.6695 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD is consolidating gains above the 0.5800 handle.
- There is a key bullish flag pattern forming with resistance at 0.5840 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 0.6600. The Aussie Dollar was able to clear 0.6650 to move into a positive zone against the US Dollar.

There was a close above 0.6580 and the 50-hour simple moving average. Finally, the pair tested 0.6725. A high was formed near 0.6724 and the pair recently started a short-term downside correction. There was a minor decline below 0.6700.

On the downside, initial support is near a short-term bullish trend line at 0.6695 and the 50-hour simple moving average. The next area of interest could be 0.6665 and the 50% Fib retracement level of the upward move from the 0.6604 swing low to the 0.6724 high.

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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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Silver Price Surpasses $80 for the First Time. Why Could This Be a Bearish Sign?

As the XAG/USD chart shows, earlier this morning the price of one ounce of silver reached above $83 for the first time. However, this move was followed by an abnormally sharp reversal to the downside.

Why Did the Silver Price Fall?
On 24 December, we not only outlined the fundamental backdrop but also highlighted that the market was vulnerable to sharp price movements due to reduced liquidity during the holiday period.

Now, as the ATR indicator has surged sharply higher—confirming our assumption—it is worth examining the key chart details that point to emerging bearish signals.

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 S&P 500 Index Trades Near Its All-Time High

As indicated by the S&P 500 index chart (US SPX 500 mini on FXOpen):

→ After breaking above the resistance line (shown in red) in the third week of December, the equity market formed an upward trend, consistent with the typical characteristics of the Santa Claus Rally.

→ At the opening of trading in the final week of the year, the market is showing downward momentum. The index has slipped towards the 6,920 area, reflecting the sentiment of remaining market participants ahead of key news releases: the FOMC meeting minutes on 30 December and US labour market data on 31 December.

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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10 Reversal Candlestick Patterns: Structure and Signals

There are many ways to spot a trend reversal, including momentum indicators, trend-following tools, and chart and candlestick patterns. Candle patterns, in particular, have been widely used by traders for decades due to their clear structure and well-defined signals, which have been tested and applied across various financial markets.

Depending on the data source, the total number of candlestick patterns ranges from 30 to more than 100, when niche formations are included. Since it may be challenging to remember and recognise all of them, we have selected 10 of the most popular reversal candlestick patterns that traders with any level of experience can implement in their trading strategies.

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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Liquidity Sweep in Trading: Basics, Components, and Application

Liquidity is one of the cornerstones of trading. There are many concepts around liquidity, such as liquidity zones, liquidity grabs, and liquidity sweeps. Being a part of the Smart Money Concept (SMC) framework, liquidity sweeps allow retail traders to track the footprint of institutional traders and analyse potential price movements.

In this article, we discuss the liquidity sweep concept and its components, analyse how market participants use it in trading, and consider real-market examples.

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 US Dollar Consolidates in a Thin Market

The US dollar has entered a consolidation phase following last week’s sharp decline. The pace of dollar weakness has slowed noticeably, while trading activity remains subdued amid the holiday period and limited market participation. Against the backdrop of low liquidity, the market is showing caution: new positions are being opened reluctantly, and price action in major currency pairs is increasingly driven by short-term flows and local impulses rather than by sustainable fundamental trends.

The fundamental backdrop remains mixed. On the one hand, the current week is relatively light in terms of major news, which in itself supports range-bound trading. On the other hand, today and tomorrow a series of US macroeconomic releases is due, including data on the housing market, business activity and retail sales, as well as reports from the energy sector. These releases may temporarily increase intraday volatility; however, in conditions of low liquidity, market reactions could be fragmented and not always consistent.

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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Tesla (TSLA) Shares Fail to Hold at an All-Time High

Yesterday, Tesla (TSLA) shares declined by more than 3%, with the following developments observed:
→ the session opened with a bearish gap;
→ the price fell nearly 8% from the all-time high recorded on 22 December;
→ the psychological $500 level has yet to be overcome.

The fundamental trigger for the decline was news that Tesla’s South Korean battery supplier has significantly reduced the value of its contract. The market may have interpreted this as a signal of potential weakness in future vehicle sales.

In addition, the rally in TSLA shares since the beginning of December may have encouraged long-position holders to take profit.

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.