Daily Market Analysis By FXOpen

[FXOpen Trader]

For the First Time In History, the Price of Silver Has Exceeded $115


The weakness of the US dollar amid the White House's ambiguous policy stance, along with other factors (including geopolitics and industrial demand for silver), has led to the XAG/USD quote rising above $115 this week.

Since the beginning of the year, the price of an ounce of silver has increased by more than 50%, continuing the steep upward trend that began back in 2025.

It seems the bull market in precious metals is unstoppable, but the chart is sending important signals that cast doubt on this view.



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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/CAD Falls Below the 2025 Low


Yesterday, financial markets were closely watching statements from central banks regarding interest rates, including the Federal Reserve and the Bank of Canada. According to Forex Factory:

→ The Federal Reserve kept the Federal Funds Rate at 3.75% by a majority vote. "The economy has once again surprised us with its strength," Powell said at the press conference. The Fed Chair also added that "our policy is in a good place".

→ The Bank of Canada left the Overnight Rate unchanged at 2.25%. In its official statement, significant attention was paid to the impact of uncertainty surrounding the trade agreement between Canada, the United States and Mexico (CUSMA).

Although there were no surprises and the central banks' decisions matched analysts' forecasts, the reaction of the USD/CAD pair was quite dynamic. After a spike in volatility, the exchange rate fell below the 2025 low. Moreover, on higher-timeframe charts, a bearish break of support is visible, with that support running through the lows of 2023–2025.



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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]

EUR/USD and GBP/USD continue to rise after the Fed meeting


The euro and the pound maintained their upward momentum after the Federal Reserve meeting, despite interest rates being left unchanged. At the start of the week, both pairs rose sharply: EUR/USD tested the area above the psychological 1.2000 level, while GBP/USD climbed towards 1.3870, after which a moderate correction followed as profits were taken.

However, after Jerome Powell's speech, demand for European currencies strengthened again, as the Fed Chair's rhetoric was perceived by the market as a signal in favour of future easing and the regulator maintaining a cautious stance, with no need to return to tightening.

An additional source of pressure on the dollar remains the geopolitical and trade backdrop. Statements by Donald Trump on tariff policy towards Europe have increased uncertainty around the outlook for external trade and added to market nervousness, periodically boosting volatility and supporting demand for alternatives to the dollar. Against this background, gains in the euro and the pound are being driven both by interest rate expectations and by a broader reassessment of risks related to tariffs and political rhetoric.



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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]

Meta Platforms (META) Shares Rise Above $700 After Earnings Release


Yesterday, Meta Platforms published its fourth-quarter 2025 earnings report, which made a strong impression. In after-hours trading, META shares surged by more than 10% at one point, reaching around $740.

Why META Shares Are Rising
The company not only met analysts' expectations but significantly exceeded them:

→ Earnings per share (EPS): actual $8.88 (expected $8.19–8.21), up 11% year-on-year.
→ Revenue: actual $59.9bn (forecast around $58.35bn).

In addition, the media highlighted several positive factors:

→ A strong outlook for 2026.
→ A high operating margin of around 41%, demonstrating strong business efficiency despite substantial spending.
→ Continued growth in advertising services: the company has integrated AI into ad delivery, with growth seen both in ad pricing (+6%) and the number of impressions (+18%).

A particularly important development was Mark Zuckerberg's statement that the Reality Labs division is expected to pass its peak loss this year. This reassured investors concerned about prolonged cash burn related to capital expenditure.



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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]

Microsoft (MSFT) Shares Post a Record Decline


On Wednesday, after the close of the regular trading session, Microsoft (MSFT) released its quarterly earnings report, which exceeded analysts' expectations:

→ Earnings per share: actual $4.14, forecast $3.90;
→ Gross revenue: actual $81.2bn, forecast $80.3bn;
→ Operating profit: up 21%.

Despite the strong results, MSFT shares suffered a dramatic sell-off of around 10% by the close of yesterday's trading. According to media reports, this was the largest one-day drop in Microsoft's share price on record, with the company losing roughly $360bn in market capitalisation.

Why MSFT Shares Collapsed

Market participants were most likely disappointed by the following factors:

→ A sharp rise in capital expenditure: capex surged by 66% to $37.5bn as Microsoft continued to invest heavily in data centres and AI infrastructure, while the timing of meaningful returns on these investments remains uncertain.

→ Slowing growth in the cloud computing segment.



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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: GBP/USD Retreats From Highs As EUR/GBP Enters Holding Pattern


GBP/USD is showing positive signs above 1.3580 and 1.3620. EUR/GBP declined and is now consolidating losses below 0.8700.

Important Takeaways for GBP/USD and EUR/GBP Analysis Today
- The British Pound rallied above 1.3700 and 1.3800 before there was a pullback.
- There is a connecting bearish trend line forming with resistance at 1.3760 on the hourly chart of GBP/USD at FXOpen.
- EUR/GBP is trading in a bearish zone below the 0.8690 pivot level.
- There is a key expanding triangle forming with resistance near 0.8680 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above 1.3500. The British Pound started a decent increase above 1.3650 against the US Dollar.

The bulls were able to push the pair above the 50-hour simple moving average and 1.3750. The pair even climbed above 1.3800 and traded as high as 1.3869. Recently, there was a pullback below 1.3760 and the 23.6% Fib retracement level of the upward move from the 1.3401 swing low to the 1.3869 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.

[FXOpen Trader]

Silver Prices Collapse as the Market Shifts Phase


According to media reports, the silver market has experienced its largest price drop since 1980.

Notably, it is difficult to identify a single powerful fundamental catalyst that could clearly explain the move from the 29 January high near $120 to today's low around $72 (approximately −40%). The geopolitical backdrop remains tense, with risks related to Iran, Greenland, Ukraine and other regions still very much in play.



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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]

Nasdaq 100 Opens Lower Following Big Tech Earnings


Last week saw the release of quarterly earnings from Microsoft (MSFT), Meta Platforms (META), Tesla (TSLA) and Apple (AAPL). At the opening of Monday's session — today, 2 February — the Nasdaq 100 index (US Tech 100 mini on FXOpen) opened with a bearish gap, sliding towards the 25,100 level.

Why Is the Nasdaq 100 Falling?
While many of the Big Tech earnings reports were strong, the broader market reaction suggests that:

→ investors have become increasingly sceptical about massive capital expenditure (capex) on artificial intelligence, as seen in Microsoft's case;
→ even solid results, such as those delivered by Apple, are no longer triggering rallies.

It appears that market participants are placing greater emphasis on uncertainties related to:

→ the new Fed Chair;
→ the risk of another US government shutdown;
→ rising geopolitical tensions (with Greenland, Iran and Ukraine potentially joined by Cuba).



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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]

5 Popular Trading Strategies in 2026


Trading strategies provide a structured approach to participating in financial markets. They may help traders organise their decision-making process by using technical indicators, market patterns, and predefined rules. This article reviews five commonly used trading strategies and outlines how traders may apply them when developing their own approach to trading.

Understanding Different Types of Trading Strategies
Trading strategies provide a structured approach for varying trading styles, which may help traders make decisions based on specific criteria and market conditions, rather than on intuition and guesswork.

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]

Market Insights with Gary Thomson: Gold Outlook, Central Banks, US NFP Data, and Corporate 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 breaks down what moved the markets last week and unpacks the strategic implications of the most critical events driving global markets.

Key topics covered in this episode:
- What Happened in the Markets Last Week
- Central Bank Meetings
- Nonfarm Payrolls and Unemployment Rate
- 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.

[FXOpen Trader]

How Does the Framing Effect Affect Investing and Trading?


You may have never thought that the same information may lead to different trading decisions. Small changes in a news headline, the context of an event, and the way it's presented can make you feel a certain way, but may not always reflect the true meaning of what's happening. This is called the framing effect. This cognitive bias is used not only in trading but in other spheres, where newswriters, marketers, politicians seek to present information in a more favorable light.

In this article, we will discuss what the framing effect is, where it comes from, how it appears in financial markets, and how traders may spot it and deal with its influence.

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]

AUD/USD Rises Following RBA Decision


As the AUD/USD chart shows, the Australian dollar is holding above the psychological 0.700 level today after a bullish impulse triggered by the market's reaction to the Reserve Bank of Australia's (RBA) decision to raise the Cash Rate from 3.60% to 3.85%.

According to RBA Governor Michele Bullock, inflation (3.8%) remains too high, and the Bank "cannot allow it to get out of control again". At the same time, the possibility of another rate hike in May has been left open.

The prospect of a tighter monetary policy stance should support the Australian dollar. However, the key question is whether AUD/USD can extend its advance and break above the important A peak from 29 January — the pair's highest level since February 2023.



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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]

Gold Prices Recover After a Catastrophic Sell-Off


Yesterday, while analysing the silver price chart, we described a fundamental shift in supply and demand dynamics that likely became the key driver behind the sharp decline in prices.

This same reasoning can likely be applied to the gold market, which experienced a synchronous and dramatic sell-off. From the A peak on 29 January near $5,570, the gold price (XAU/USD) collapsed to the B low on 2 February below $4,420 — a drop of around 20%:

→ "Smart money" locked in profits on long positions and switched to selling at market;
→ retail speculators were forced to close long positions at a loss, while the liquidation of previously leveraged trades accelerated the cascading decline.

On 26 January, when analysing gold price movements, we:
→ highlighted that the market was extremely overbought;
→ noted, however, that abandoning bullish expectations prematurely would be inappropriate without a major catalyst.

It now appears that the A→B collapse may have been precisely such an event.



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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]

What Factors Make the Stock Market Go Up and Down?


Stock prices change every second, so it may seem like there is no specific reason for their movements. However, every change has a reason. Understanding the factors affecting stock prices gives context. Long-term and short-term factors determine how the price moves in different timeframes. News, company reports, and broader economic and geopolitical shifts — all influence price fluctuations in different ways.

In this article, we'll discuss what causes stocks to go up and down and why markets react the way they do.

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]

Market Analysis: Gold and WTI Crude Oil Set Sights On Another Leg Higher


Gold prices started a fresh increase from $4,400 and moved above $5,000. WTI Crude oil prices are gaining bullish momentum and might even test $65.00.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold prices started another increase from $4,400 after a sharp decline.
- A connecting bullish trend line is forming with support at $5,000 on the hourly chart of gold at FXOpen.
- WTI Crude climbed above the $61.50 and $62.00 levels.
- There is a key bearish trend line forming with resistance at $64.65 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price found support near $4,400 after a massive selloff. The price formed a base and started a fresh increase above $4,800.

The bulls cleared the $5,000 barrier and the 50-hour simple moving average. There was also a move above the 50% Fib retracement level of the downward move from the $5,595 swing high to the $4,402 low. The RSI is now above 50, and the price could aim for more gains.

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.