Daily Market Analysis By FXOpen

[FXOpen Trader]

Market Analysis: GBP/USD Attempts Recovery, USD/CAD Maintains Bullish Strength


GBP/USD is attempting a recovery wave from 1.3035. USD/CAD is showing positive signs and might aim for more gains above 1.4130.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound started a recovery wave above 1.3050 and 1.3080.
- There is a key bearish trend line forming with resistance near 1.3110 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD rallied above 1.4000 and 1.4050 before the bears appeared.
- There is a connecting bullish trend line forming with support at 1.4085 on the hourly chart at FXOpen.

GBP/USD Technical Analysis


On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from 1.3220 after a decent increase. The British pound fell below 1.3150, re-entering a short-term bearish zone against the US dollar.

The pair even traded below 1.3050 and the 50-hour simple moving average. Finally, the bulls appeared near 1.3035. A low was formed near 1.3037 and the pair is now attempting a short-term recovery wave.

There was a fresh upside above 1.3050 and the 23.6% Fib retracement level of the downward move from the 1.3215 swing high to the 1.3037 low. The pair is now showing positive signs above 1.3080. Immediate resistance is near a bearish trend line at 1.3110.

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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]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.



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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]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

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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]

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.



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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 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.



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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]

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.



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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]

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.



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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]

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.

[FXOpen Trader]

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.

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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.