Daily Market Analysis By FXOpen

[FXOpen Trader]

Gold Price Balanced Amid Heightened Uncertainty


As the XAU/USD chart shows, last week gold prices fell sharply, interrupting the previous upward trend. This decline was driven by two main factors:

→ End of the US government shutdown. This is believed to have reduced short-term economic risks and lessened demand for gold as a "safe-haven" asset.

→ Hawkish statements from Federal Reserve officials, which lowered market expectations for rate cuts. This pushed up US Treasury yields, traditionally putting downward pressure on non-yielding assets like gold.

This week, the market is awaiting a wave of delayed US economic reports that were postponed during the shutdown, including:

→ Labour market data (Non-Farm Payrolls)
→ Inflation data (CPI)

These releases are expected to give traders greater clarity on the future trajectory of Fed interest rates.



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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.

[FXOpen Trader]

Is There a More Expensive Currency Than the US Dollar?


The US dollar is considered the most traded and one of the best-known currencies in the world. However, not many know that it has serious competitors in terms of value. While it's a well-known fact that the euro is more valuable than the dollar, is it the only currency that costs more than the USD?

Actually, there are other currencies that are worth more than the US dollar. In this FXOpen article, we will look at the dollar's main competitors.

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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.

[FXOpen Trader]

Market Insights with Gary Thomson: Fed Rate Cut Chances, UK Markets, NVIDIA Earnings

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:
— FOMC Meeting Minutes
— UK Inflation Rate
— UK Retail Sales
— Corporate Earnings Reports

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.

[FXOpen Trader]

Nasdaq 100 Under Pressure


As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) fell today (point 3) to its lowest level in a month, making it the weakest performer among the major US indices. The sell-off in the technology sector has been driven by a double blow:

→ A reassessment of expectations for the Federal Reserve's next rate move. According to market observers, the probability of a Fed rate cut on 10 December continues to decline and now stands at 43%, compared with 62% a week earlier.

→ Growing scepticism about the valuations of companies linked to artificial intelligence. A Bank of America fund managers' survey revealed heavy overcrowding in tech: 54% cited "long Magnificent 7" as the most crowded trade, while 45% viewed an AI bubble as the biggest tail risk.



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.

[FXOpen Trader]

The Pound–Dollar Relationship: Could GBP Be Stronger Than USD?


How strong is the pound compared to the US dollar? To answer this question, traders and analysts look at the GBP/USD exchange rate, a key indicator of the economic relationship between the two countries. However, there is much more than just the exchange rate. Nominal value, relative strength, purchasing power parity... What do they mean when comparing two major currencies? In this article, we will consider economic metrics, monetary policy effects, and geopolitical events that shape the British pound-US dollar relationships.

A Brief History of the GBP/USD Pair
The British pound sterling has long been one of the most significant currencies globally. As the currency of one of the world's earliest industrialised nations, its value and influence were deeply intertwined with the UK's position as a global economic leader. The pound's status as a trusted store of value was solidified during the height of the British Empire, as it facilitated international trade and finance across the empire's vast reach.

By the 19th century, the pound sterling was backed by the gold standard. This system ensured that each pound in circulation was supported by a fixed amount of gold, offering stability and trust. However, geopolitical shifts, wars, and the rise of competing economies, particularly the United States, began to challenge the pound's dominance as the 20th century progressed.

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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.

[FXOpen Trader]

Market Analysis: Gold Price Slides While WTI Crude Oil Extends Recovery


Gold price extended losses below $4,100 before the bulls appeared. Crude oil price is rising and it could climb further higher toward $62.00.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price failed to clear $4,250 and corrected lower against the US Dollar.
- There was a break above a key bearish trend line with resistance at $4,050 on the hourly chart of gold at FXOpen.
- WTI Crude oil prices are moving higher above the $60.00 resistance zone.
- There is a key bullish trend line forming with support near $59.80 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price was able to climb above $4,200. The price even broke $4,220 before the bears appeared. The price traded toward $4,245 before there was a fresh decline.

There was a move below $4,200 and $4,100. The price settled below the 50-hour simple moving average, and RSI dipped below 40. Finally, it tested the $4,000 handle. A low was formed at $3,997 and the price is now attempting to recover.

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.

[FXOpen Trader]

USD/CAD Falls to November Low


The Canadian dollar has strengthened, influenced by several factors — the most important of which is arguably the easing of domestic political tensions.

According to media reports, Canada's draft budget has passed its first round of voting. Although several stages of review remain, the result suggests that there are enough votes for the budget to be approved in the end.

Had the draft budget failed to pass, it would almost certainly have resulted in the resignation of Prime Minister Mark Carney and the calling of new parliamentary elections less than a year after the previous ones.

With the risk of political turmoil receding, the Canadian dollar effectively "breathed a sigh of relief", appreciating against other currencies.



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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.

[FXOpen Trader]

European Currencies Decline Ahead of Inflation Data


The GBP/USD and EUR/USD pairs remain under pressure, showing moderate declines as markets await fresh macroeconomic data. After a brief upward correction, neither the euro nor the pound managed to hold above key resistance levels, prompting a renewed shift towards the US dollar. The current movement forms part of a broader downtrend that has persisted for three consecutive weeks, and the next phase will depend on the data released over the coming trading sessions.

Investors are focused on inflation figures from the eurozone and the United Kingdom, which will serve as crucial indicators for assessing the future monetary policy stance of the ECB and the Bank of England. Another factor contributing to uncertainty is the resumption of US macroeconomic data releases following the recent end of the longest government shutdown in US history. Markets are awaiting updated employment and inflation reports, which may influence expectations regarding the Federal Reserve's December decision. Until these reports are published, the US dollar remains stable, adding further pressure on European currencies.



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.

[FXOpen Trader]

Amazon (AMZN) Shares Plunge


As the chart shows, Amazon (AMZN) shares fell to around $222 yesterday, despite trading above $255 at the start of the month.

The price drop is the result of several factors, including:

→ A rating downgrade from Rothschild & Co. Redburn (to "Neutral"). Analysts doubt that Amazon's massive investments in artificial intelligence will pay off as quickly as its earlier spending on cloud technologies once did.

→ Pressure from the Federal Trade Commission (FTC). A court hearing on accusations that Amazon engaged in anti-competitive practices and overcharged US households (by more than $1bn) has been officially scheduled for February 2027.



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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.

[FXOpen Trader]

Analytical Nvidia (NVDA) Stock Projections for 2025-2040


The AI boom, skyrocketing stock markets, and rumours of an AI bubble are all around us. NVIDIA (NVDA) is playing a key role in these. The company is a cornerstone of the global technology sector, AI, data center infrastructure, and high-performance computing. Market analysts are divided between those who believe the AI infrastructure is overvalued and those who see current valuations as justified. Based on this, sources provide different forecasts for NVDA's share price.

In this article, we explore the key drivers and risk factors that could impact the future performance of Nvidia stock, and examine analytical forecasts for NVDA stock from 2025 to 2040.

NVIDIA's Price History
NVIDIA's stock price has undergone an extraordinary transformation since its early days, moving from a graphics pioneer to a tech powerhouse. Understanding its price history offers valuable insight into the key milestones that have shaped NVIDIA's rise in the market, from its early challenges to its recent dominance in AI and data centres. Let's look at how NVIDIA's stock has evolved over the years.

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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.

[FXOpen Trader]

Trading Techniques of the Inside Bar Pattern


Candlestick patterns provide a wide range of signals — from continuation and reversal to market hesitation. The two-candle inside bar pattern suggests a period of consolidation or indecision in the market. Traders and analysts use this setup as part of a comprehensive strategy. In this article, we will break down the basics of the inside bar pattern, examine examples of this formation on real-market price charts, and discuss how to interpret its signals for trading purposes.

What Is an Inside Bar Candle Pattern?
An inside bar is a two-candlestick formation that appears on a price chart when a candlestick's high and low range is contained within the high and low range of the preceding candle. In other words, the entire price action of one candle is confined within the previous candlestick's price range.

The setup signifies a period of consolidation or indecision in the market; however, it doesn't identify a trend reversal. The price may continue moving in the prevailing trend or turn around. Also, the pattern may appear in both an uptrend and a downtrend. It indicates that the current candle's trading range is narrower than that of the previous candlestick. This contraction in price volatility suggests a temporary equilibrium between buyers and sellers.

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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.

[FXOpen Trader]

Tech Stocks Rally After Nvidia's Earnings Report


As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) is displaying positive momentum today. A strong catalyst for growth arrived with the release of Nvidia's quarterly report, which exceeded Wall Street's optimistic expectations.

Nvidia reported quarterly revenue of $57bn (vs. the expected $54.9bn), and earnings per share of $1.30 (forecast: $1.26). Meanwhile, CEO Jensen Huang stated that demand for the new Blackwell chips is "off the charts".

Nvidia's strong report revived "risk appetite" in the tech sector and eased concerns about a potential AI bubble.



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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.

[FXOpen Trader]

USD/JPY Rises Above 157.00 for the First Time Since January


According to media reports, the Japanese government is in the final stages of preparing an economic stimulus package worth 21.3 trillion yen (USD 135.38 billion) to help households cope with persistent inflation. This could become the largest stimulus since the COVID pandemic.

The Cabinet plans to approve the package on Friday, and the supplementary budget to fund it on 28 November, aiming to secure parliamentary approval before the end of the year.

This decision has led to a significant weakening of the national currency.



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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.

[FXOpen Trader]

USD Rises: Fed Minutes Boost Demand for the Dollar, Focus Shifts to Labour-Market Reports


The dollar strengthened across the board following the publication of the minutes from the latest Federal Reserve meeting. The document confirmed the regulator's readiness to cut rates further, but without clear timing and with an emphasis on future decisions depending on incoming data. For some market participants, this sounded less "dovish" than expected, prompting increased demand for the dollar, while Treasury yields held near local highs.

Another source of uncertainty remains the impact of the prolonged US government shutdown. Due to the suspension of statistical agencies, some key releases on employment and inflation were not published on schedule, meaning that the upcoming batch of labour-market data may bring surprises. Today, investors are focused on private-sector employment reports, jobless-claims data, and related indicators, which will help shape expectations ahead of the Fed's next decisions.



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.

[FXOpen Trader]

HSI Index Falls to November Low


Today, the Hong Kong stock index HSI (Hong Kong 50 on FXOpen) is showing downward momentum, dropping below 25,200 for the first time since mid-October.

Factors adding to selling pressure include (according to media reports):

→ Tech sector slump: Hong Kong is following the US, where investors have started offloading tech giants' shares amid fears of an AI "bubble." Market participants worry that current company valuations are overinflated. Even Nvidia's strong report released this week only provided a short-term boost.

→ Geopolitics: In addition to strained trade relations between China and the US, tensions with Japan have added to uncertainty.

→ China's economic data: Indicators continue to raise concerns despite government stimulus measures.



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.