Daily Market Analysis By FXOpen

XAG/USD Analysis: Price Stabilises Below the Psychological Level


October proved exceptionally volatile for the silver market — the price broke past a historical record, climbing above $50. However, after widespread profit-taking, the market reversed downward.
XAG/USD is currently influenced by several factors:
→ prospects for Federal Reserve policy;
→ the easing of trade tensions between the United States and China;
→ the potential government shutdown and related news.
As indicated by the ATR indicator, volatility is declining — suggesting that supply and demand forces may be finding a balance.


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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.

Trading with Engulfing Patterns: Structure and Techniques


Engulfing patterns are among the most recognisable candlestick formations in trading, often signalling a potential shift in market momentum. Whether you trade forex, stocks, or commodities, these patterns can offer valuable clues about changing sentiment between buyers and sellers. This FXOpen article explains what engulfing patterns are, how they form, and how traders may use them to identify potential reversals and build their trading strategies.

What Is an Engulfing Pattern?
The engulfing pattern is a two-candle reversal formation. It emerges when a candle on the price chart wholly "engulfs" its preceding candle. The first candle's small body suggests a weakening trend, while the larger second candle indicates a market sentiment shift. Whether it's bullish or bearish depends on its position relative to the current market trend.

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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 Insights with Gary Thomson: 3 - 7 November


Market Insights with Gary Thomson: BoE Interest Rate Decision, Canada Jobs Data & Earnings Reports
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:
— BoE Interest Rate Decision
— Canada’s Unemployment Rate
— Corporate Earnings Reports
Gain insights to strengthen your trading knowledge.

Watch YOUTUBE VIDEO

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.

Hanging Man vs Hammer: What Is the Difference?


Candlestick patterns reveal how buyers and sellers interact within a single session, often hinting at potential turning points. The hammer and hanging man patterns look identical but tell completely different stories depending on where they appear. This article explains the difference between hammer and hanging man candlesticks, their structure, and how they’re traded.

The Hammer Pattern Explained
A hammer is one of the visual signs that selling pressure is weakening. It forms after a decline and has a small real body near the top of the candle, a long lower shadow, and little to no upper wick. The long shadow shows that sellers drove the price down during the session, but buyers managed to push it back up before the close—a sign that downside momentum may be fading.

For the pattern to count as a hammer, the lower shadow is usually at least twice the height of the body. The candle can be any colour, but a green or bullish hammer often reflects stronger buying interest by the end of the session.

Some traders mistakenly refer to a hammer forming mid-trend as a reversal candlestick, but that’s inaccurate. The hammer only signals potential reversal when it appears after a clear decline.

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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.

Nasdaq 100 Analysis: Early November Movements Raise Concerns


As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) gained around 6% in October, supported by several key factors:
→ The meeting between US President Donald Trump and Chinese leader Xi Jinping, which helped ease tensions in trade relations between the world’s two largest economies.
→ A 0.25% rate cut by the Federal Reserve.
→ Positive earnings from major tech companies, including a strong report from Alphabet (GOOGL).
However, the market’s behaviour in early November is cause for concern — on the morning of 4 November, the stock index fell to its lowest level in a week. Bearish sentiment is being fuelled by:
→ uncertainty over the timing of the end of the government shutdown;
→ a weaker-than-expected ISM Manufacturing PMI report, which may reflect the impact of Trump’s tariffs on US industry.


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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.

AMD Shares Rise Above $250 Ahead of Earnings Report


Today, 4 November, after the close of the main trading session, Advanced Micro Devices (AMD) is set to release its quarterly earnings report and outline its plans for the near future. Market participants remain optimistic, as several key bullish developments last month strengthened confidence in AMD’s role in the AI infrastructure race:
→ AMD shares surged in early October following news of a multibillion-dollar deal with OpenAI.
→ Oracle Cloud chose AMD’s graphics processing units (GPUs) for its new AI supercomputers.
→ IBM announced a breakthrough in quantum computing made possible through the use of AMD chips.
Buoyed by this wave of positive news and high expectations, AMD’s share price climbed above the psychological $250 mark (+61% since early October), reaching a record 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.

What Is the Morning Doji Star Candlestick Pattern, and How May Traders Apply It?


When it comes to forex, commodity, and stock patterns, the morning doji star is among the most well-known. It stands out as a signal that bearish momentum may be weakening and buyers could be stepping in. Formed of three candles, it often appears near the end of a downtrend and can mark the start of a potential recovery. This article explains how it works and how traders may apply it.

What Is a Morning Doji Star?
The morning doji star is a reversal candlestick pattern.The formation indicates a shift in market sentiment, with buyers gaining control. It consists of three candles and is considered an alert of a potential trend reversal from bearish to bullish.

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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.

The Dollar Index Near a Key High



As shown on the Dollar Index (DXY) chart, the strength of the US currency is currently hovering near an important high reached in August. Market sentiment is being influenced by:
→ the ongoing government shutdown, which has already become the longest in history;
→ traders’ assessment of last week’s developments, including the Fed’s interest rate cut, the meeting between the US and Chinese presidents in South Korea, and quarterly earnings reports from major corporations.
Adding to the turbulence is the political factor: according to media reports, Democrats have achieved victories in several local elections. Notably, Zohran Mamdani – a Muslim candidate from the Democratic Party – has been elected Mayor of New York for the first time.



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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. :smile41:

Nikkei 225 Plunges from Record High


As the chart shows, the Nikkei 225 stock index (Japan 225 on FXOpen) formed a historic peak around 52,500 points only yesterday — but today it has fallen sharply, with losses at the session low reaching approximately 7%.
Bearish sentiment was fuelled in part by a slump in shares of Japanese investment giant SoftBank, which dropped by around 14%. The company’s heavy exposure to sectors linked to artificial intelligence and cryptocurrencies, both currently under pressure, has raised investor concerns.
The decline in the Nikkei 225 appears to be an extension of the sell-off in US technology stocks recorded yesterday, driven by a stronger dollar and growing fears of an AI-fuelled 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.

Euro at the Lower End of the Range, Pound Under Pressure Ahead of the Bank of England Meeting



European currencies remain under pressure for the third consecutive week: the euro is consolidating near the lower boundary of its range, while the pound continues to decline ahead of tomorrow’s Bank of England meeting. The pressure on both pairs persists amid growing uncertainty across global markets. An additional factor is the risk of the ongoing US government shutdown, which could delay the release of key data and influence assessments of the Federal Reserve’s monetary outlook.
Investors are maintaining a cautious stance: the Bank of England meeting, scheduled for tomorrow, could set the tone for the pound in the coming weeks. The market is divided in its expectations – some participants anticipate that the regulator will keep rates unchanged but adopt a softer tone in its comments, while others expect hints of a possible rate cut later in the year. Any signs of dovish rhetoric could further weigh on the pound, particularly in light of weak domestic data and growing evidence of economic cooling.



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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.

Liquidity Grabs: Identification and Trading Strategies



Have you ever seen prices suddenly spike beyond a key level, only to sharply reverse? That may have been a liquidity grab, one of the major components of Smart Money trading. Understanding this concept may help traders anticipate where price may go next. In this article, we explore what liquidity grabs are, how to detect them, and how they may fit into a trading strategy.

Understanding Liquidity in Trading
Liquidity is about the ability to buy or sell an asset without causing a sharp price movement. High liquidity is characterised by a dense presence of buyers and sellers, resulting in tight spreads—the small difference between ask and bid prices—and potentially smoother price movements. Conversely, low liquidity involves fewer participants and wider spreads, leading to potentially abrupt price changes even with small trades.
The level of liquidity can vary dramatically depending on several factors, including the time of day, prevailing market events, and specific price levels. For example, major currency pairs like EUR/USD experience higher liquidity during overlapping trading hours between New York and London markets, facilitating smoother transactions.

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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.

Dollar Steadies Near Highs as Markets Await Fresh Signals



The US dollar is consolidating after reaching new local highs, holding near key technical levels amid mixed macroeconomic data. The Dollar Index remains close to the upper boundary of its recent range, reflecting a balance between weak domestic indicators and steady demand for safe-haven assets as uncertainty surrounding the US government shutdown persists.
Data released on Wednesday by ADP showed employment growth of just 42K, signalling a cooling labour market and potential slowdown in private-sector activity. The ISM business activity indices for the services and manufacturing sectors displayed mixed trends, reinforcing concerns about the pace of the economic recovery.



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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.

Gold Price Surges Above $4,000


As the chart shows, XAU/USD climbed above the $4,000 mark today, a move likely driven by:
→ Weakness in the US dollar index – or a pullback from the resistance level discussed in yesterday’s DXY analysis.
→ Concerns over the ongoing US government shutdown – according to media reports, one consequence has been that American airlines began limiting ticket sales in November.


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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.

Palantir Technologies (PLTR) Shares Fall Despite Strong Earnings


Palantir Technologies (PLTR), a company specialising in big data analytics software, released a strong quarterly report this week:
→ Earnings per share: actual = $0.21, expected = $0.17
→ Revenue: actual = $1.181 billion (up 63% year-on-year), forecast = $1.09 billion
Palantir thus reaffirmed its status as a leader in the field of artificial intelligence. Yet, despite the impressive results, PLTR shares fell following the release. Why?
It is likely that much of the optimism had already been priced in during the company’s 150% rally earlier this year. In other words, the drop in PLTR’s share price appears to have been driven purely by market sentiment and overly high expectations, rather than any weakness in the company’s fundamentals.


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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.

Understanding Candlestick Wicks: Basics and Techniques



Candlestick wicks often contain critical information about buying and selling pressure that body patterns alone may not reveal. By analysing wick length and position, traders can understand price rejection, momentum shifts, and liquidity zones. In this article, we explain the meaning of candlestick wicks and outline several strategies traders may use.

Understanding Candle Wicks
You likely know this already, but to recap: candle wicks, or shadows, are the thin lines above and below a candlestick’s body that indicate how far the price moved during a specific period. Candle wicks, extending beyond the body of the candlestick, offer a deeper insight into market dynamics than open and close price levels. Their lengths and positions relative to the candle body unveil the tug-of-war between buyers and sellers within a given timeframe.
A long wick candle to the upside suggests that buyers pushed the price higher, but sellers eventually overcame, driving the price down from its peak. Conversely, a lengthy lower wick indicates sellers initially dominated, with buyers making a strong comeback.

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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.

Gold Stays Flat as WTI Crude Faces Hurdles


Gold price corrected gains, traded below $4,000, and started a consolidation. Crude oil is showing bearish signs and might decline below $58.80.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price started a downside correction below $4,100 and $4,000 against the US Dollar.
- A key bullish trend line is forming with support at $3,985 on the hourly chart of gold at FXOpen.
- Crude oil prices failed to clear the $61.20 region and started a fresh decline.
- There is a bearish trend line forming with resistance at $60.00 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis


On the hourly chart of Gold at FXOpen, the price formed a base above $3,915. The price remained in a bullish zone and started an upward move within a range above $3,930.
There was a decent move above the 50-hour simple moving average and $3,975. The bulls pushed the price above the $4,000 and $4,010 resistance levels. A high was formed at $4,019 before the price saw a pullback.
The price dipped below the 23.6% Fib retracement level of the upward move from the $3,928 swing low to the $4,019 high, and the RSI declined below 50. Initial support on the downside is near $3,985, a bullish trend line, and the 50-hour simple moving average.

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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: GBP/USD Bounces Back As EUR/GBP Awaits Catalyst


GBP/USD is attempting a recovery wave above 1.3100. EUR/GBP is consolidating and might aim for a fresh increase above 0.8800.

Important Takeaways for GBP/USD and EUR/GBP Analysis Today
- The British Pound is attempting a fresh increase above 1.3120.
- There was a break above a bearish trend line with resistance at 1.3070 on the hourly chart of GBP/USD at FXOpen.
- EUR/GBP is trading in a positive zone above the 0.8750 pivot level.
- There is a short-term declining channel forming with resistance near 0.8805 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear 1.3370. As mentioned in the previous analysis, the British Pound even traded below 1.3250 against the US Dollar.
Finally, the pair tested the 1.3000 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.3080. The pair even climbed above a bearish trend line with resistance at 1.3070.

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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.

Nasdaq 100 Rebounds as Traders Anticipate End of the US Shutdown



As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has started the week on a positive note amid growing expectations that the longest government shutdown in US history may soon come to an end.
According to Reuters, a bill has been introduced in the Senate proposing amendments to extend government funding until 30 January. The news acted as a bullish catalyst for equity markets. Still, the question remains – is the risk truly behind us?



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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.

Dollar Index Pulls Back from a Key High


As the Dollar Index (DXY) chart shows, the index is currently trading below its 5 November high, which formed after a false bullish breakout (marked by an arrow) above the 1 August peak — a scenario previously outlined in the post “The Dollar Index Near a Key High.”
According to Trading Economics, trader sentiment at the start of the week is being shaped by expectations of comments from ECB and Federal Reserve officials regarding the outlook for monetary policy.
A statement has already come from Reserve Bank of Australia Deputy Governor Andrew Hauser, who noted that financial conditions in the country are now close to a neutral rate — one that neither stimulates nor restrains economic growth. The Australian dollar strengthened following his remarks.


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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.

What the Break and Retest Strategy Is and How It Works


Traders widely use strategies as structured approaches to entering and exiting the market. One of the most popular methods is the break and retest strategy, based on support and resistance levels. In this article, we explain the core principles of the strategy, how it works, and provide practical examples.

Understanding the Break and Retest Strategy
The break and retest strategy revolves around identifying key support and resistance levels on a price chart. When the price breaks through a support or resistance level, it signals a potential shift in market sentiment. For example, if a stock breaks above a resistance level, it suggests increasing buying interest. Traders then watch for the price to return to this newly broken level—known as a retest in trading. During the retest, the former resistance now acts as support, providing a potentially more attractive entry point for traders looking to join the trend.

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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.