Daily Market Analysis By FXOpen

Market Analysis: GBP/USD Correction Deepens While USD/CAD Refuses to Break



GBP/USD started a fresh decline below 1.3450. USD/CAD is consolidating gains and might aim for a fresh increase above 1.3900.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound started another decline from 1.3500.
- There is a key bearish trend line forming with resistance at 1.3400 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD is showing positive signs above the 1.3880 support zone.
- There is a key bullish trend line forming with support at 1.3890 on the hourly chart at FXOpen.

GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above 1.3500. The British Pound started a fresh decline and traded below 1.3450 against the US Dollar, as discussed in the previous analysis.
The pair even traded below 1.3400 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3340 level. The recent swing low was formed at 1.3339, and the pair is now consolidating losses.



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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 Opens the Week With a Bearish Gap



Despite a public holiday in the US (Martin Luther King Jr Day), the US stock market is showing volatility this morning. As the S&P 500 index chart (US SPX 500 mini on FXOpen) indicates, trading on Monday opened with a sizeable bearish gap, driven by Donald Trump’s activity over the weekend.

According to media reports, the US president threatened to impose new tariffs on goods from eight European countries in order to force them to “fully and completely buy Greenland”. The proposed measures target Germany, the UK, France, Denmark, Norway, Sweden, the Netherlands and Finland. A 10% tariff is set to take effect on 1 February and would rise to 25% in June if no agreement is reached.

In response to the US threats, European leaders are considering suspending the ratification of last year’s trade agreement. Clearly, the market could not ignore such an escalation in international trade tensions.




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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.

Top 10 Currencies That Are Considered the Strongest in Asia in 2026


Asia is home to some of the world’s most powerful economies, and this strength is reflected in many Asian countries’ currencies. From oil-rich Gulf states to financial hubs like Singapore, the region hosts a diverse mix of currencies that stand out in global markets. These currencies highlight the economic environment, fiscal discipline, and the influence of natural resources.
In this article, we look at the top ten currencies considered the most valuable in Asia in 2026 and the reasons behind their resilience.

The List of Top 10 Currencies That Are Considered the Strongest in Asia in 2026
The currency rate of Asian countries offers insight into their economic health, showing how each nation’s money trades internationally. Stronger currencies typically reflect economic health, resource wealth, or advanced financial systems, while weaker ones may reveal structural challenges.

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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: Geopolitics, Inflation & Earnings to Watch



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:
— UK
— US
— Stocks to Watch
Gain insights to strengthen your trading knowledge.
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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.

The Price of Gold Rises Above $4,700 for the First Time


At the market open on Monday, 19 January, gold quotes (XAU/USD) formed a bullish gap and moved above the psychological level of $4,660, setting a new all-time high.
Today, 20 January, the market continues to show extremely bullish sentiment — for the first time ever, the price of gold has climbed to $4,720.

Why Is Gold Rising?
The main bullish driver is geopolitical tension. Following events in Venezuela, attention has shifted to the United States’ desire to acquire Greenland (through purchase or other means).
According to media reports:
→ Trump has threatened to impose tariffs on eight European countries that oppose his ambitions regarding Greenland. This further intensifies fears of a potential trade war between the US and Europe.
→ French President Emmanuel Macron has declined an invitation to join the Trump-proposed Gaza Peace Council and is also demonstrating opposition to Trump’s intentions concerning Greenland. In turn, German Chancellor Friedrich Merz stated that he is trying to persuade Macron to soften his response.




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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 (DXY) Falls More Than 0.9% Since the Start of the Week



News surrounding Greenland is the main driver of financial markets today. As a result, we are seeing the implementation of the “Sell America” strategy: the share prices of US companies are falling, and the dollar is losing value against other currencies.
The risks of trade wars, NATO fragmentation, and a potential recession are causing the USD to lose its status as a “safe haven”, with capital flowing into alternative assets (confirming today’s rise in the price of gold to $4,700).
As a result, the dollar index is showing accelerating downward momentum today, having fallen to the 98.500 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.

Order Blocks and Breaker Blocks of the Smart Money Concept



Price often reacts around specific zones where large participants have previously placed large orders. Two structures used to frame that behaviour are order blocks and breaker blocks. While they’re often mentioned together, they serve different analytical purposes, especially once market structure shifts.
Understanding the order block vs the breaker block distinction adds context to retracements, failed support or resistance, and continuation moves across timeframes. This article examines how each forms, how they’re applied, and how traders analyse them in markets.

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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.

10 Weakest European Currencies in 2026



While the euro may have been adopted by many European nations, plenty still use their own currencies. Some are strong, such as the British pound and Swiss franc, while others are much weaker.
This FXOpen article explores ten of the weakest currencies in Europe in 2026, ranking them and discussing reasons for their low valuations.

10 Weakest Currencies in Europe in 2026
There are several weak currencies in Europe, but they aren't all weak for the same reasons. Below, we’ll break down precisely why they’re so weak: economic struggles and mismanagement, geopolitical and political conflicts, and more.

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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 Explodes to New Highs, WTI Crude Searches for Support



Gold price started a fresh surge above $4,800 and traded to a new all-time high. Crude oil is recovering and might rise toward $61.20.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

- Gold price rallied to a new all-time high and traded above $4,845 against the US Dollar.
- A key bullish trend line is forming with support at $4,775 on the hourly chart of gold at FXOpen.
- WTI Crude oil is recovering losses and trading above $59.00.
- There is a rising channel forming with support at $59.40 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 $4,535. The price remained in a bullish zone and started a fresh increase above $4,600.
The bulls pushed the price above $4,800 and the 50-hour simple moving average. Finally, it traded to a new all-time high at $4,849. The price is still showing bullish signs above $4,800, and the RSI is above 80.

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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 Under Pressure: Tariffs and Geopolitical Risks Shift Market Sentiment



The US dollar continues to weaken after a period of short-term consolidation, amid rising tariff uncertainty and increasing geopolitical tensions. Statements by Donald Trump regarding the possible introduction of new tariffs against Europe have heightened market concerns about the consequences for global trade and economic growth, undermining support for the dollar as a defensive currency.
Additional caution is being driven by expectations of a heavy slate of US macroeconomic releases, including housing market data, inflation indicators, business activity figures, as well as speeches by Federal Reserve officials. In this environment, market participants prefer to reduce dollar exposure and act more selectively, awaiting new signals that could clarify the future path of monetary policy.



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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.

Netflix (NFLX) Shares Fall Despite Strong Earnings Report



Yesterday, Netflix (NFLX) released its quarterly results, which, albeit only slightly, exceeded Wall Street analysts’ expectations — both in terms of earnings per share (EPS) and gross revenue. Despite this, NFLX shares fell in after-hours trading to around the $82.50 level.

Why Did NFLX Shares Fall?
Bearish sentiment is being driven by the following factors (according to media reports):
→ Cautious guidance from management. Netflix expects revenue growth to slow to 11–13%, compared with 15–16% in 2025.
→ Subscriber growth dynamics. While total subscriber numbers increased to a record level of around 325 million, the pace of growth is slowing. By comparison, the company added roughly 23 million new users in 2025, versus 41 million in 2024.

→ M&A considerations. As we noted on 8 December, Netflix’s share price could be significantly affected by a potential acquisition of Warner Bros. Discovery. Such a large-scale deal carries risks related to increased debt and adds to uncertainty.




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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 Are Supply and Demand Trading Zones?



Supply and demand zones are a way of looking at price that focuses on where momentum started, not where it paused. Traders use these zones to frame structure, reactions, and context across different market conditions. Rather than treating levels as static lines, the approach looks at behaviour and participation around key areas.
This article examines how supply and demand zones are identified, how common patterns form, and how they are applied in trading analysis.

Key Takeaways
- Supply and demand zones are price areas where strong buying or selling previously drove decisive moves, often linked to liquidity shifts and institutional positioning rather than repeated price reactions.
- Four core patterns appear around these zones: Rally-Base-Rally, Drop-Base-Drop, Rally-Base-Drop, and Drop-Base-Rally, each reflecting continuation or reversal behaviour.
- Continuation strategies focus on breakouts from a base following strong momentum away from a zone through Rally-Base-Rally or Drop-Base-Drop patterns.
- Reversal strategies analyse price returning into a zone and reacting through Rally-Base-Drop or Drop-Base-Rally structures.

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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.

European Currencies Move Sideways Ahead of Key US Data



The euro and the pound have entered a consolidation phase after rising earlier in the week, reflecting a cautious market stance ahead of the release of a key set of US macroeconomic data. Trading activity has noticeably declined, as investors prefer not to increase positions before the publication of US GDP and personal spending figures, which could have a significant impact on expectations regarding future Federal Reserve policy.

Geopolitical developments are providing an additional backdrop, alongside discussions at the Davos summit, where the focus is on global economic prospects, trade tariffs and policy coordination among leading economies — factors that are further reinforcing caution in the foreign exchange market.



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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.

Intel (INTC) Shares Surge Ahead of Earnings Release



Yesterday, Intel (INTC) shares jumped by 11% in a single session, climbing above $54.00 — a level last seen in early 2022.
The sharp rally reflects several factors:
→ the psychological impact of breaking above the $50 threshold;
→ a short squeeze effect;
→ prevailing bullish sentiment ahead of Intel’s earnings report, due to be released after the close of the main trading session today.

Optimism is being driven by:
→ Analyst commentary (notably from HSBC), suggesting that the evolution of AI from simple chatbots to autonomous agents requires massive CPU capacity, not just GPUs. This implies a potential shift in demand away from Nvidia’s products towards Intel’s server chips.
→ Successful implementation of the 18A process technology and strong prospects for Panther Lake processors. Market participants may be expecting Intel to unveil ambitious plans for 2026, signalling the company’s emergence from its recent difficulties.



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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.

US Dollar Strengthens After Trump’s Statements on Greenland



During his visit to the World Economic Forum in Davos, Donald Trump softened his stance on claims over Greenland. According to media reports, the US President pledged not to use military force against NATO allies and also withdrew threats to impose tariffs on goods from several European countries. This eased geopolitical tensions, leading not only to a recovery in US equities but also to a strengthening of the US dollar.

The USD/JPY chart, for example, shows the US dollar gaining ground against the yen (marked by the orange arrow), which is under pressure ahead of the Bank of Japan’s interest rate decision scheduled for tomorrow.



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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.

Natural Gas Prices Surge as Cold Weather Approaches


According to AccuWeather, a powerful Arctic cold front is expected to sweep across the United States, reaching as far south as the southern states and bringing lower temperatures to more than 150 million people across 24 states.
On Thursday, Texas Governor Abbott declared a state of emergency in more than half of the state’s counties ahead of the cold snap. It is worth noting that Texas is home to key natural gas production facilities, while its infrastructure is less adapted to prolonged cold weather.
As a result, market sentiment is being shaped both by expectations of higher natural gas demand for heating and by the risk of technical disruptions to production.
Consequently, the XNG/USD chart shows a sharp rise in natural gas prices, with the move from last week’s low to the recent high amounting to nearly 40%.



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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.

Tesla (TSLA) Shares Jump After Musk’s Davos Remarks



This year’s Davos Forum has drawn attention not only because of developments around Greenland and Donald Trump’s proposed Peace Council, but also due to the appearance of Elon Musk, who has previously criticised the event. The world’s richest man made bold statements regarding Tesla’s Optimus humanoid robots, which became a key talking point.

According to Musk’s vision:
→ Tesla plans to begin selling Optimus robots to the general public by the end of 2027, with an estimated price of $20,000–$30,000, making them cheaper than a car.
→ In the long term, Optimus robots could account for up to 80% of Tesla’s total company value, while the robotics market — where robots may eventually outnumber humans — could generate trillions of dollars in market capitalisation.

These comments acted as strong bullish catalysts, and Tesla (TSLA) shares rose by more than 4% yesterday.




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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: AUD/USD And NZD/USD Advance As Risk Appetite Accelerates



AUD/USD started a fresh increase above 0.6850 and 0.6880. NZD/USD is also rising and might aim for more gains above 0.6000.

Important Takeaways for AUD USD and NZD USD Analysis Today
- The Aussie Dollar started a decent increase above 0.6850 against the US Dollar.
- There is a short-term bullish trend line forming with support at 0.6880 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD is consolidating gains above the 0.5950 pivot zone.
- There is a key bullish trend line forming with support at 0.5935 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 0.6725. The Aussie Dollar was able to clear 0.6800 to move into a positive zone against the US Dollar.

There was a close above 0.6880 and the 50-hour simple moving average. Finally, the pair tested 0.6930. A high was formed near 0.6930 and the pair recently started a consolidation phase. There was a minor decline below 0.6920.

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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 Breaks Above $5,000 for the First Time


At the market open on Monday, 26 January, gold prices (XAU/USD) formed a bullish gap and moved above the psychological $5,000 level. The rally then continued, with prices climbing close to $5,100.
Strong bullish momentum across precious metals markets has pushed gold up by around 18% since the start of the year, while silver has surged by approximately 50%.
Why Is Gold Rising?
The bullish tone is being driven by a combination of a weaker US dollar and heightened demand for safe-haven assets, shaped by the current environment:
→ The “Greenland issue”: renewed attempts by the Trump administration to acquire Greenland have escalated into a standoff with the EU, bringing the risk of a trade war.
→ Growing concerns about political pressure on the Federal Reserve and the stability of US monetary policy, given the US President’s intention to push for lower interest rates.
→ Central bank demand, harsh rhetoric from the White House towards Canada following its agreement with China, and ongoing tensions surrounding Iran.
All of this is fuelling an unstoppable bullish market. Under such conditions, is a decline in gold prices even possible?


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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.

Japanese Yen Strengthens Sharply Amid Intervention Expectations



As the USD/JPY chart shows, the exchange rate fell sharply, reaching its lowest level since early November 2025.
The sudden strengthening of the yen has been driven both by expectations ahead of the upcoming Bank of Japan meeting and by growing speculation about a possible currency intervention, which could be carried out jointly by the Japanese authorities and the US Federal Reserve.
According to media reports:
→ on Friday, the New York Fed took specific actions that were interpreted as potential precursors to an actual intervention, providing the first bearish impulse;
→ on Sunday, Japanese Prime Minister Sanae Takaichi stated that the government would take “necessary steps” against speculative market movements — reinforcing the initial momentum at the market open on Monday.



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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.