Daily Market Analysis By FXOpen

The US Dollar Rose Sharply after Inflation Data. When Is Correction Possible?



For the second time this year, the US consumer price index turned out to be higher than experts predicted. Thus, in February the figure increased from 3.1% to 3.2%. In March, the consumer price index, exceeding the expectations of economists surveyed by Bloomberg, was at 3.5%. The continued rise in inflation, coupled with a strong labor market, contributed to:
Fed representatives are extremely cautious regarding the future direction of monetary policy;
market participants are lowering expectations of how many quarters of a percent the rate could be cut this year.
As a result of the current situation, European currencies returned to recent lows, and the USD/JPY pair updated its 2022 high.
USD/JPY



US dollar buyers in the USD/JPY pair managed to move above the important support level of 152.00. The price on the USD/JPY chart rose to 153.20, but further pricing of the pair will depend on the actions of the Japanese regulator. Bank of Japan officials have repeatedly stated that near 152.00 they may resort to foreign exchange interventions to support the national currency. With the intervention of the central bank, the pair may correct to the nearest support levels at 152.00-150.00. At the same time, we cannot exclude continued exponential growth in the direction of 155.00-154.00.
Important for USD/JPY pricing will be today's news on the US producer price index for March and weekly data on the number of initial applications for unemployment benefits.

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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.

Inflation Data Sharply Strengthens the US Dollar



Data on consumer prices and core inflation published yesterday exceeded expectations. According to ForexFactory:
→ Core CPI in monthly terms: actual = 0.4%, expected = 0.3%, a month ago = 0.4%;
→ CPI in annual terms: actual = 3.5%, forecast was = 3.4%, previous value = 3.2% with a target value of 2%.
As a result of the publication of news, market participants' expectations that the Federal Reserve will leave rates unchanged in June have sharply increased. According to the CME FedWatch Tool, before the publication of news about inflation, the probability of this was = 42.6% (that is, the majority believed that there would be a rate cut), then after the publication the probability = 83.0%. This is a dramatic change in sentiment.
Speaking to Bloomberg, former US Treasury Secretary Larry Summers said cutting rates in June would be a dangerous and egregious mistake, adding: "You have to take seriously the possibility that the next rate move will be upwards rather than downward." .
The reaction of financial markets was the strengthening of the US dollar in the context of tight monetary policy, the effect of which will last longer:
→ USD has risen in price in currency pairs — for example, USD/CHF has risen to its maximum in six months;
→ Bitcoin fell in price, but this morning the main cryptocurrency has already recovered from yesterday’s fall;
→ gold tested support at 2,320.



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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.

USD/JPY Rises to Highest Since 1990



This morning the USD/JPY rate is around 153.20 yen per US dollar, which was facilitated by a sharp strengthening of the dollar against the backdrop of news about inflation in the United States. Thus, the yen weakened to levels last seen in mid-1990.
At the same time, an important event occurred — a bullish breakdown of the level of 152 yen per US dollar. This level is special due to the fact that in 2022, the weakening of the exchange rate to 152 yen per US dollar forced the Bank of Japan and the Ministry of Finance to intervene three times, as Reuters writes, to support the yen.
In 2023, it also acted as a barrier to growth. It also held back the market during March 2024 and early April.
But yesterday the level of 152 yen per US dollar did not survive.



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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.

Market Analysis: Gold Price Hits New High While Crude Oil Price Consolidates



Gold price surged toward the $2,400 zone and traded to a new all-time high. Crude oil is attempting a fresh increase above the $85.00 zone.
Important Takeaways for Gold and Oil Prices Analysis Today

 

1. Gold price started a strong increase above the $2,350 zone against the US Dollar.
2. It broke a key bearish trend line with resistance at $2,345 on the hourly chart of gold at FXOpen.
3. Crude oil is consolidating above the $84.00 support.
4. There is a connecting bearish trend line forming with resistance near $85.60 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 the $2,300 zone. The price remained in a bullish zone and started a strong increase above $2,320.
It broke a key bearish trend line with resistance at $2,345. The bulls even pushed the price above the $2,350 level and the 50-hour simple moving average. Finally, it traded to a new all-time high at $2,395.
The price is now consolidating gains near the $2,385 zone and the RSI corrected from 80. Initial support on the downside is near the 23.6% Fib retracement level of the upward move from the $2,319 swing low to the $2,395 high at $2,378.
The first major support is near the $2,350 zone and the 50-hour simple moving average. It is close to the 61.8% Fib retracement level of the upward move from the $2,319 swing low to the $2,395 high.

If there is a downside break below the $2,350 support, the price might decline further. In the stated case, the price might drop toward the $2,325 support.
Immediate resistance is near the $2,395 level. The next major resistance is near the $2,400 level. An upside break above the $2,400 resistance could send Gold price toward $2,420. Any more gains may perhaps set the pace for an increase toward the $2,440 level.

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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.

Analysis: EUR/USD Close to Year’s Low after ECB Decision



As predicted by analysts, the European Central Bank did not change the interest rate yesterday, keeping it at = 4.50%. This morning the EUR/USD rate is near the psychological level of 1.0700, which approximately corresponds to the 2024 low.
The key driver of the euro's decline is the prospect that the ECB will take the path of easing monetary policy earlier than the Fed:
→ ECB President Christine Lagarde said yesterday that the decision “depends on the data, not on the Fed.”
→ As reported by Reuters, Max Stainton, senior global macro strategist at Fidelity International, believes that “the ECB will be the first central bank to start cutting rates this year.”



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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.

S&P 500 Price Consolidates ahead of Earnings Season



On April 4, we wrote that the S&P 500 is showing signs of weakness around the 5,250 level. How is the situation on the stock market developing by today, which is the start of the reporting season for the first quarter?
The S&P 500 fell sharply on Wednesday amid higher-than-expected inflation data.
But the S&P 500 rose yesterday after data showed producer prices rose only slightly in March.
According to Forexfactory:
→ Producer Price Index (PPI) in monthly terms: actual = 0.2%, forecast = 0.3%, a month ago = 0.6%;
→ Core PPI in monthly terms: actual = 0.2%, forecast = 0.2%, a month ago = 0.3%.



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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.

Watch FXOpen's 8 - 12 April Weekly Market Wrap Video


Weekly Market Wrap With Gary Thomson: FTSE, NZD/USD, USD, USD/JPY

Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.

1. FTSE 100's Holy Grail of 8,000 Continues to Be a Pipe Dream
2. NZD/USD Rate Increases after the Decision of the Reserve Bank of New Zealand
3. Inflation Data Sharply Strengthens the US Dollar
4. USD/JPY Rises to Highest Since 1990

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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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Brent Oil Price Did Not Rise Despite Iran's Attack on Israel



As you know, Iran launched a missile attack on Israel over the weekend. This could greatly increase the price of Brent oil, given that Iran is one of the top 10 oil producing countries, and the fact of the strike could provoke further escalation in the region.
However, at the beginning of the trading week, the price of Brent oil is below the levels at which they were at the end of last week. How so?
It is acceptable to assume the impact that the price reflects market risks and the expectations of its participants:
→ As the media wrote last week, the blow was expected after Israel’s attack on the Iranian mission.
→ The risk of escalation is not as high as it could be. According to the Washington Post, Biden advises Netanyahu to “slow down” after the Iranian attack. Administration officials said the United States would not join in any response to Tehran's attack and suggested Israel avoid escalation.
How might the situation develop further on the oil market?
From the point of view of technical analysis of the price of Brent oil, as we wrote on April 4, the upper limit of the blue channel is around USD 92 per barrel of Brent.



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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

Hong Kong Stocks Become Top Risers After Wild Ride Subsides



Hong Kong enjoyed a sterling reputation for an entire century as a highly polished, utterly stable mantlepiece upon which global corporations could comfortably sit and where an international talent base could reside in fabulous surroundings and approach European, American, African and Asian markets with aplomb.
Its financial markets economy has been recognized as one of the most developed in the world to the extent that despite its tiny size, it has its own reserve currency, which is a bastion of fiscal might on the world stage.
These days, however, things are somewhat different as the independent nature of Hong Kong is now a fading memory, and its return to governance under the auspices of mainland China is now widely accepted.
Having conceded its position as the world's meeting place to other global cities such as Singapore and Dubai, Hong Kong has gone through a sea change over recent years, which is reflected in its stock market performance.
At the beginning of 2024, it had become clear that several decades of wealth generation among Hong Kong-based businesses had been eroded since the realm of power was handed back to China, with the stock market being valued at a lower point than when Hong Kong's British era ended in 1997 at the expiry of the lease at which point Hong Kong became a Special Administrative Region of China.
That is quite some depreciation. Since the beginning of this year, however, swathes of volatility have been clearly apparent in Hong Kong's Hang Seng 50 Index.
Going back over the years, performance has been incredibly volatile, to say the least. Back in 2022, the variations were simply incredible. On January 6 that year, the Hang Seng 50 index was at 21869.8 points according to FXOpen pricing. However, this plunged dramatically to 14,849 just four days later on January 10.
A similar situation took place at the beginning of last year; however, by January 2024, stock prices in Hong Kong were not only at a very low point but also stagnant.

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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

XAU/USD Gold Price Reaches an Important Resistance Zone



The XAU/USD gold chart today indicates that the historical record price of the metal is above USD 2,400 per ounce.
In addition to fears of a new round of inflation due to rising commodity prices, geopolitical tensions are seen as the most important reason for the growth. At the moment, there are both active military conflicts on the planet (Ukraine, Israel-Iran), and there is a threat of creating new ones (Taiwan, for example). The US national debt and upcoming elections may also act as a destabilizing factor.
Therefore, gold acts as a traditional safe-haven asset. According to Goldman Sachs analysts, gold is in an “unshakable bull market”, so they raised their gold price forecast from USD 2,300 to USD 2,700.




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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

Market Analysis: EUR/USD Nosedives While USD/JPY Extend Rally



EUR/USD started another decline and traded below 1.0700. USD/JPY surged and broke the 154.00 resistance zone.
Important Takeaways for EUR/USD and USD/JPY Analysis Today

1. The Euro started a fresh decline below the 1.0695 support zone.
2. There was a break above a key bearish trend line with resistance at 1.0630 on the hourly chart of EUR/USD at FXOpen.
3. USD/JPY climbed higher above the 153.40 and 154.25 levels.
4. There is a connecting bullish trend line forming with support at 154.25 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.0870 resistance zone. The Euro started a fresh decline and traded below the 1.0755 support zone against the US Dollar, as mentioned in the previous analysis.
The pair even declined below 1.0695 and tested the 1.0600 zone. A low was formed near 1.0601 and the pair is now correcting losses. There was a break above a key bearish trend line with resistance at 1.0630.
On the upside, the pair is now facing resistance near the 23.6% Fib retracement level of the recent decline from the 1.0755 swing high to the 1.0601 low at 1.0635. The next key resistance is near the 1.0665 level.
The main resistance is 1.0695 or the 61.8% Fib retracement level of the recent decline from the 1.0755 swing high to the 1.0601 low. A clear move above the 1.0695 level could send the pair toward the 1.0755 resistance.
An upside break above 1.0755 could set the pace for another increase. In the stated case, the pair might rise toward 1.0870. If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0600.
The next key support is at 1.0580. If there is a downside break below 1.0580, the pair could drop toward 1.0565. The next support is near 1.0550, below which the pair could start a major decline.

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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

USD/JPY Analysis: Prospect of a Breakout of the Level of 155 Yen per Dollar



The USD/JPY rate has consistently reached new highs since 1990, approaching the psychological level of 155 yen per US dollar. The Japanese currency has already fallen about 9% against the dollar this year.
This is supported by Jerome Powell, who suggested yesterday that US interest rates are likely to remain high for longer. He refused to give any guidance on when interest rates might be cut, greatly dimming investors' hopes for significant easing this year.
Market participants now expect a 40 basis point rate cut in 2024, significantly lower than the 160 basis point easing they were counting on at the start of the year, according to FedWatch.

At the same time, traders are focused on whether Japanese monetary authorities will intervene to support the currency as it deteriorates rapidly. Officials have stepped up warnings of possible intervention, although analysts also say fighting the dollar's strong bullish trend will be difficult and costly. Japanese Finance Minister Shunichi Suzuki said on Tuesday he was closely monitoring the yen's exchange rate against the US dollar today and would take "strengthened response measures if necessary."
“Today, intervention can only help slow or contain the pace of depreciation, but cannot reverse the trend,” Kenneth Broux, head of exchange rate research at Societe Generale, told Reuters. Japan last intervened in the foreign exchange market in 2022, spending an estimated USD 60 billion to defend the yen.



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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

UK100 Share Index Rises as UK Inflation Slows



Yesterday, the UK Office for National Statistics (ONS) reported that the CPI stood at 3.2% in March. According to ForexFactory, analysts expected 3.1%, and a month ago the index was 3.4%.
Grant Fitzner, chief economist at the ONS, said: “Once again, food prices were the main reason for the fall, with prices rising by less than we saw a year ago. Similarly to last month, we saw a partial offset from rising fuel prices.”
Thus, actual inflation in the UK fell to its lowest level in two and a half years. According to Yahoo Finance, this weakening of inflation could influence the Bank of England to start cutting interest rates from the current level of 5.25% in June.
In anticipation of an easing of monetary policy, the values of the UK stock index UK100 increased yesterday. Today it is above the 7,900 level.



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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

The Dollar is Corrected after the Comments of the Head of the Federal Reserve


Good data on the labour market in the United States and the continuous rise in inflation for several months are helping to reduce experts’ expectations about a change in the vector of monetary policy in the United States. Recent comments from the head of the Federal Reserve confirm the fears of market participants. At a speech at the Wilson Center in Washington on Tuesday, Jerome Powell said: "More confidence will be needed that inflation is moving sustainably toward 2 percent before it is appropriate to ease policy." Such statements undoubtedly should have supported the US currency, but judging by the movement of the major currency pairs, dollar buyers simply need a little respite.
GBP/USD


At the beginning of the current five-day trading period, quite diverse statistics came from the UK:

1. In February, the unemployment rate increased to 4.2% against the forecast of 4.0%
2. The level of average wages rose to 5.6% versus 5.5%
3. The level of average wages rose to 5.6% versus 5.5%

Such indicators allowed pound buyers to find and test support at 1.2400.
According to technical analysis for GBP/USD (Japanese candlesticks) on the daily timeframe, we have a bullish engulfing combination. If the price fixes above 1.2480, a corrective pullback for the pair may extend to 1.2540-1.2520. A refresh of the recent low could lead to the start of a new downward impulse in the direction of 1.2330-1.2280.
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Since the Start of the Week, Brent Oil Price Has Dropped over 4%



At the beginning of the week, March 15, we wrote that the price of Brent oil could form a correction from the resistance level of USD 91 per barrel. Since then, the price has decreased by more than 4% due to a number of factors:
→ easing concerns about the escalation of the conflict between Israel and Iran. Iran is the third-largest producer in the Organization of Petroleum Exporting Countries, according to Reuters, and easing its conflict with Israel reduces the likelihood of supply disruptions in the Middle East.
→ reduction in oil consumption. JP Morgan analysts noted this week that global oil consumption in April stood at 101 million barrels per day, 200,000 barrels below forecast.
→ growth in oil reserves in the USA. Crude oil inventories rose 2.7 million barrels last week, the EIA reported.



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Disclaimer:This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the FXOpen INT, nor is it to be considered financial advice.

Market Analysis: AUD/USD and NZD/USD Turn Red



AUD/USD declined below the 0.6500 and 0.6455 support levels. NZD/USD is also moving lower and might struggle to recover above 0.5950.
Important Takeaways for AUD/USD and NZD/USD Analysis Today

 

1. The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar.
2. There is a connecting bearish trend line forming with resistance at 0.6410 on the hourly chart of AUD/USD at FXOpen.
3. NZD/USD declined steadily from the 0.6000 resistance zone.
4. There is a key bearish trend line forming with resistance at 0.5890 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6540 zone. The Aussie Dollar started a fresh decline below the 0.6500 support against the US Dollar.
The pair even settled below 0.6455 and the 50-hour simple moving average. There was a clear move below 0.6400. A low was formed at 0.6362 and the pair is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the 0.6456 swing high to the 0.6362 low.
On the upside, an immediate resistance is near the 0.6410 level. There is also a connecting bearish trend line forming with resistance at 0.6410 and the 50% Fib retracement level of the downward move from the 0.6456 swing high to the 0.6362 low.
The next major resistance is near 0.6455, above which the price could rise toward 0.6540. Any more gains might send the pair toward 0.6600. A close above the 0.6600 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6680.
On the downside, initial support is near the 0.6360 zone. The next support sits at 0.6340. If there is a downside break below 0.6340, the pair could extend its decline. The next support could be 0.6300. Any more losses might send the pair toward the 0.6265 support.

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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

Escalation Between Iran and Israel: How the Price of Brent Oil Reacts



On the night of Thursday into Friday, reports emerged that Israel had attacked Iran following Iran's attack on Israel over the weekend.
Let's remember that we wrote on Monday that after a 300 drone and missile attack on Israel over the weekend, the price of Brent oil did not rise. Perhaps this happened because Iran's attack was then expected after the attack on its diplomatic mission, and warnings were published in the media.
And the initial reaction of financial markets to the escalation tonight looked more dramatic - there was a jump in prices for protective assets:
→ gold rose in price to USD 2,410 and above;
→ the Swiss franc and the Japanese yen have risen in price;
→ oil and US Treasury bonds rose in price.
There was also a sale of risky assets — Bitcoin, for example, fell below the USD 60k level. Moh Siong Sim, currency strategist at the Bank of Singapore, told Reuters: "It's pretty obvious the market is nervous. I think markets are at this stage in a flight-to-safety mode.”
As the morning approached, new information began to appear in Europe:
→ An Iranian official told Reuters that there was no missile attack;
→ CNN writes that Iranian air defenses intercepted three drones, and the United States did not approve of the Israeli attack;
→ According to the IAEA, there was no damage to Iran’s nuclear facilities after the Israeli strike.
→ According to ABC News, air traffic has resumed in Iran.
As a result, prices moved towards the closing levels of yesterday's trading — V-like patterns formed on the charts of the mentioned instruments.
The oil market can be considered the most susceptible to the influence of nightly news, since Iran is one of the top 10 countries in oil production.



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Disclaimer:This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the FXOpen INT, nor is it to be considered financial advice.

NFLX Stock Price Falls Despite Subscriber Growth



Yesterday, after the close of the main trading session on the stock market, Netflix reported to investors for the 1st quarter of 2024.
The report turned out better than expected:
→ earnings per share: actual = USD 5.28, forecast = USD 4.52;
→ gross income: actual = USD 9.40 billion, forecast = USD 9.27.
→ The number of subscribers increased by 9.3 million (expected +4.8 million).
However, NFLX's pre-market share price today is hovering around USD 580, about 6% below yesterday's closing price.
Negativity manifested itself in:
→ disappointing forecasts for the 2nd quarter;
→ investors also did not like the decision to stop providing quarterly reports on changes in the number of subscribers next year.
If NFLX stock opens today around the USD 580 level, then it would indicate that the market has moved down to the lower boundary of the parallel channel (shown in blue).



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Commodity Currencies at Strategic Levels. What Can Affect a Breakdown Downwards?



The decline in investor expectations regarding a change in the vector of the Fed's monetary policy contributes to the fall of not only European, but also commodity currencies. So, in recent weeks:

1. AUD/USD has lost more than 200 points and is testing the extremes of 2023 near 0.6400
2. USD/CAD is trading at three-year highs and has managed to strengthen by 300 points

What may affect the pricing of the main currency pairs on the market in the coming trading sessions:

1. Speech by the President of the Federal Reserve Bank of Chicago, Austan Goolsbee (today at 17.30 GMT+3.00)
2. Publication on the number of active drilling rigs from Baker Hughes (today at 20.00 GMT+3.00)
3. Announcement on the base lending rate from the People's Bank of China (Monday at 4.15 GMT+3.00)

USD/CAD

The USD/CAD currency pair has come close to the important range of 1.3970-1.3800, above which the price has not risen since 2020.
Technical analysis of USD/CAD indicates the possibility of a downward correction in the short term, since a dark clouds combination has been formed on the daily timeframe, the development of which could lead to a breakdown of yesterday’s low at 1.3740 and a further test of 1.3650-1.3620. If the upward movement resumes, the price may break through the recent high at 1.3840 and continue to rise in the direction of 1.3970-1.3880.

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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.

Watch FXOpen's 15 - 19 April Weekly Market Wrap Video
Weekly Market Wrap With Gary Thomson: UK100, USD, GOLD, OIL


Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.

 

1. UK100 Share Index Rises as UK Inflation Slows
2. The Dollar is Corrected after the Comments of the Head of the Federal Reserve
3. XAU/USD Gold Price Reaches an Important Resistance Zone
4. Since the Beginning of the Week, the Price of Brent Oil Has Fallen by More than 4%

Stay in the know and empower yourself with our short, yet power-packed video.
Watch it now and stay updated with FXOpen.

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Watch YOUTUBE VIDEO

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Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.
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