Daily Market Analysis By FXOpen

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The Euro Stoxx 50 Index Reaches a Record High

As the charts show, the Euro Stoxx 50 price (Europe 50 on FXOpen) climbed above 6,055 points today, thereby setting a new all-time high.

Bullish sentiment is being supported by expectations of ECB interest rate cuts in 2026 and other fundamental factors, including:

→ News from China. Data released today have fuelled optimism about China’s economy, with Europe being one of its key trading partners.

→ Rising defence-sector stocks amid geopolitical tensions. For example, Rheinmetall shares have gained around 20% since the start of 2026.

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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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BTC encounters resistance while XRP finds support

XRP holding support suggests buyers are stepping in, which can provide
a base for potential upside if momentum continues.

 

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Market Remains Cautious: Euro and Pound Hover Near Support Ahead of Key Data Releases

European currencies remain under pressure and are trading close to key support levels amid cautious sentiment and anticipation of a dense slate of macroeconomic releases. After a sharp decline in previous sessions, the euro and the pound attempted a modest corrective rebound, but the recovery proved limited. The market has shifted into range-bound trading, reflecting a balance between short-covering and a reluctance to increase risk ahead of data yet to be released.

EUR/USD is consolidating after its recent downturn, responding to mixed expectations regarding the euro area economy. The latest figures have reinforced doubts about the sustainability of the recovery, while analysts continue to point to weak momentum in the region’s largest economies and a subdued inflation impulse. In this environment, market participants are in no hurry to return to euro buying, preferring to wait for fresh macro signals that could clarify the outlook for ECB policy.

GBP/USD also remains under pressure despite an attempt at a corrective rise following a sharp sell-off. Expectations for upcoming UK data remain muted: analysts forecast moderate GDP and industrial production growth, which does not provide a solid basis for sterling appreciation. An additional source of uncertainty is the US dollar backdrop. During the session, several US indicators are due, including export and import price data, manufacturing activity indices, as well as speeches by Federal Reserve officials.

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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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Natural Gas Prices Fall to a Near Five-Month Low

As the XNG/USD chart indicates, natural gas prices are trading very close today to the 2025 low formed in August.

The factors weighing on natural gas prices include:
→ Updated weather models, which are forecasting higher temperatures in the eastern US in late January (24–28), sharply reducing expected demand for gas used for heating.
→ Technical issues with power supply and pipelines at the Cheniere Corpus Christi and Freeport LNG terminals, which have reduced gas flows for export. This means gas that was destined for overseas markets is remaining on the domestic market, adding to inventories.
→ Supply–demand imbalance. US gas production is near record levels (110.7 billion cubic feet per day), while domestic consumption has fallen by 15.5% year-on-year.

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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Microsoft (MSFT) Shares Fall Below $460

As the Microsoft (MSFT) share chart shows:
→ yesterday’s candle closed below $460 — the lowest level since early June last year;
→ the decline from the all-time high near $550 has exceeded 16%.

Why MSFT Shares Are Falling
- The downward move may reflect a shift in market sentiment from AI-driven euphoria to a more sober reassessment of the actual returns on investment.
- Investors are locking in profits amid concerns that the company’s current infrastructure spending may not pay off in the near term.

Concerns have been reinforced by media reports of:
→ disappointing sales momentum for its AI products (Microsoft 365 Copilot);
→ intensifying competition, including from Google Gemini and Amazon AWS;
→ rising capital expenditure (forecast at more than $80bn per year).

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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US Delays Vote On Key Cryptocurrency Market Bill

Yesterday, the US Senate postponed a vote on a bill aimed at defining the structure of the cryptocurrency market. The delay followed the withdrawal of support by one of the industry’s leading players, the Coinbase exchange.

Coinbase CEO Brian Armstrong said the current version of the bill was “worse than having no legislation at all”. According to media reports:

→ the bill could have banned rewards for holding stablecoins (USDC), depriving Coinbase of a substantial share of its revenue;
→ the text was found to contain an effective ban on trading tokenised equities;
→ the bill imposed strict requirements on decentralised finance, undermining user privacy.

A market that had been expecting a regulatory “green light” has instead received another dose of uncertainty. As a result, COIN shares fell by more than 6% yesterday, opening with a bearish gap.

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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EUR/JPY Pulls Back From Record High

As the chart shows, the exchange rate rose above ¥185.00 per euro for the first time ever earlier this week. Today, however, a modest pullback is visible, with the Japanese yen strengthening against the euro.

Fundamentally, this move has been supported by a combination of factors, most notably news from Japan. According to media reports, Japan’s Finance Minister, Satsuki Katayama, said that Tokyo could carry out a joint currency market intervention with the United States to support the yen.

In addition, traders are positioning ahead of an important week, during which:
→ the Bank of Japan will announce its interest rate decision;
→ Japan’s parliament may be dissolved to pave the way for snap elections;
→ euro area PMI figures will be released.

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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USD/CAD Climbs to a Six-Week High

On Friday, USD/CAD rose above the 1.3920 level, marking its highest reading since 5 December.

The Canadian dollar is under pressure due to a combination of factors, including:

→ Market assessment of a trade agreement with China. The deal предусматривает sharp cuts in tariffs on electric vehicles and rapeseed. Both countries have also pledged to remove trade barriers and establish new strategic ties. This agreement has prompted a negative reaction from the United States.

→ Weakness in Canada’s labour market. The latest unemployment data for Canada were very soft, showing a rise to 6.8% in December.

→ Upcoming key events. Later today (at 16:30), Canada’s CPI data will be released, followed next week by the Bank of Canada’s interest rate decision.

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 Correction Deepens While USD/CAD Refuses to Break

GBP/USD started a fresh decline below 1.3450. USD/CAD is consolidating gains and might aim for a fresh increase above 1.3900.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound started another decline from 1.3500.
- There is a key bearish trend line forming with resistance at 1.3400 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD is showing positive signs above the 1.3880 support zone.
- There is a key bullish trend line forming with support at 1.3890 on the hourly chart at FXOpen.

GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above 1.3500. The British Pound started a fresh decline and traded below 1.3450 against the US Dollar, as discussed in the previous analysis.

The pair even traded below 1.3400 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3340 level. The recent swing low was formed at 1.3339, and the pair is now consolidating losses.

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 Opens the Week With a Bearish Gap

Despite a public holiday in the US (Martin Luther King Jr Day), the US stock market is showing volatility this morning. As the S&P 500 index chart (US SPX 500 mini on FXOpen) indicates, trading on Monday opened with a sizeable bearish gap, driven by Donald Trump’s activity over the weekend.

According to media reports, the US president threatened to impose new tariffs on goods from eight European countries in order to force them to “fully and completely buy Greenland”. The proposed measures target Germany, the UK, France, Denmark, Norway, Sweden, the Netherlands and Finland. A 10% tariff is set to take effect on 1 February and would rise to 25% in June if no agreement is reached.

In response to the US threats, European leaders are considering suspending the ratification of last year’s trade agreement. Clearly, the market could not ignore such an escalation in international trade 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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Top 10 Currencies That Are Considered the Strongest in Asia in 2026

Asia is home to some of the world’s most powerful economies, and this strength is reflected in many Asian countries’ currencies. From oil-rich Gulf states to financial hubs like Singapore, the region hosts a diverse mix of currencies that stand out in global markets. These currencies highlight the economic environment, fiscal discipline, and the influence of natural resources.

In this article, we look at the top ten currencies considered the most valuable in Asia in 2026 and the reasons behind their resilience.

The List of Top 10 Currencies That Are Considered the Strongest in Asia in 2026
The currency rate of Asian countries offers insight into their economic health, showing how each nation’s money trades internationally. Stronger currencies typically reflect economic health, resource wealth, or advanced financial systems, while weaker ones may reveal structural challenges.

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: Geopolitics, Inflation & Earnings to Watch

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:
— UK
— US
— Stocks to Watch

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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The Price of Gold Rises Above $4,700 for the First Time

At the market open on Monday, 19 January, gold quotes (XAU/USD) formed a bullish gap and moved above the psychological level of $4,660, setting a new all-time high.

Today, 20 January, the market continues to show extremely bullish sentiment — for the first time ever, the price of gold has climbed to $4,720.

Why Is Gold Rising?
The main bullish driver is geopolitical tension. Following events in Venezuela, attention has shifted to the United States’ desire to acquire Greenland (through purchase or other means).

According to media reports:

→ Trump has threatened to impose tariffs on eight European countries that oppose his ambitions regarding Greenland. This further intensifies fears of a potential trade war between the US and Europe.

→ French President Emmanuel Macron has declined an invitation to join the Trump-proposed Gaza Peace Council and is also demonstrating opposition to Trump’s intentions concerning Greenland. In turn, German Chancellor Friedrich Merz stated that he is trying to persuade Macron to soften his response.

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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Dollar Index (DXY) Falls More Than 0.9% Since the Start of the Week

News surrounding Greenland is the main driver of financial markets today. As a result, we are seeing the implementation of the “Sell America” strategy: the share prices of US companies are falling, and the dollar is losing value against other currencies.

The risks of trade wars, NATO fragmentation, and a potential recession are causing the USD to lose its status as a “safe haven”, with capital flowing into alternative assets (confirming today’s rise in the price of gold to $4,700).

As a result, the dollar index is showing accelerating downward momentum today, having fallen to the 98.500 level.

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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Order Blocks and Breaker Blocks of the Smart Money Concept

Price often reacts around specific zones where large participants have previously placed large orders. Two structures used to frame that behaviour are order blocks and breaker blocks. While they’re often mentioned together, they serve different analytical purposes, especially once market structure shifts.

Understanding the order block vs the breaker block distinction adds context to retracements, failed support or resistance, and continuation moves across timeframes. This article examines how each forms, how they’re applied, and how traders analyse them in markets.

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 Weakest European Currencies in 2026

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 2026, ranking them and discussing reasons for their low valuations.

10 Weakest Currencies in Europe in 2026
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.

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: Gold Explodes to New Highs, WTI Crude Searches for Support

Gold price started a fresh surge above $4,800 and traded to a new all-time high. Crude oil is recovering and might rise toward $61.20.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price rallied to a new all-time high and traded above $4,845 against the US Dollar.
- A key bullish trend line is forming with support at $4,775 on the hourly chart of gold at FXOpen.
- WTI Crude oil is recovering losses and trading above $59.00.
- There is a rising channel forming with support at $59.40 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price formed support near $4,535. The price remained in a bullish zone and started a fresh increase above $4,600.

The bulls pushed the price above $4,800 and the 50-hour simple moving average. Finally, it traded to a new all-time high at $4,849. The price is still showing bullish signs above $4,800, and the RSI is above 80.

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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Dollar Under Pressure: Tariffs and Geopolitical Risks Shift Market Sentiment

The US dollar continues to weaken after a period of short-term consolidation, amid rising tariff uncertainty and increasing geopolitical tensions. Statements by Donald Trump regarding the possible introduction of new tariffs against Europe have heightened market concerns about the consequences for global trade and economic growth, undermining support for the dollar as a defensive currency.

Additional caution is being driven by expectations of a heavy slate of US macroeconomic releases, including housing market data, inflation indicators, business activity figures, as well as speeches by Federal Reserve officials. In this environment, market participants prefer to reduce dollar exposure and act more selectively, awaiting new signals that could clarify the future path of monetary policy.

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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Netflix (NFLX) Shares Fall Despite Strong Earnings Report

Yesterday, Netflix (NFLX) released its quarterly results, which, albeit only slightly, exceeded Wall Street analysts’ expectations — both in terms of earnings per share (EPS) and gross revenue. Despite this, NFLX shares fell in after-hours trading to around the $82.50 level.

Why Did NFLX Shares Fall?
Bearish sentiment is being driven by the following factors (according to media reports):

→ Cautious guidance from management. Netflix expects revenue growth to slow to 11–13%, compared with 15–16% in 2025.

→ Subscriber growth dynamics. While total subscriber numbers increased to a record level of around 325 million, the pace of growth is slowing. By comparison, the company added roughly 23 million new users in 2025, versus 41 million in 2024.

→ M&A considerations. As we noted on 8 December, Netflix’s share price could be significantly affected by a potential acquisition of Warner Bros. Discovery. Such a large-scale deal carries risks related to increased debt and adds to uncertainty.

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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What Are Supply and Demand Trading Zones?

Supply and demand zones are a way of looking at price that focuses on where momentum started, not where it paused. Traders use these zones to frame structure, reactions, and context across different market conditions. Rather than treating levels as static lines, the approach looks at behaviour and participation around key areas.

This article examines how supply and demand zones are identified, how common patterns form, and how they are applied in trading analysis.

Key Takeaways
- Supply and demand zones are price areas where strong buying or selling previously drove decisive moves, often linked to liquidity shifts and institutional positioning rather than repeated price reactions.
- Four core patterns appear around these zones: Rally-Base-Rally, Drop-Base-Drop, Rally-Base-Drop, and Drop-Base-Rally, each reflecting continuation or reversal behaviour.
- Continuation strategies focus on breakouts from a base following strong momentum away from a zone through Rally-Base-Rally or Drop-Base-Drop patterns.
- Reversal strategies analyse price returning into a zone and reacting through Rally-Base-Drop or Drop-Base-Rally structures.

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.