Daily Market Analysis By FXOpen

Market Insights with Gary Thomson: Geopolitics, Central Bank Meetings, and Corporate Earnings


In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson breaks down what moved the markets last week and unpacks the strategic implications of the most critical events driving global markets.

Key topics covered in this episode:
— What Happened in the Markets Last Week
— Central Bank Meetings
— Stocks to Watch

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.

Analytical Gold Price Predictions for 2026, 2027, and Beyond



Gold continues to attract attention as investors search for a so-called safe haven in an increasingly uncertain global environment. Rising geopolitical tensions, currency volatility, central bank reserve shifts, and questions about long-term economic resilience have all pushed gold back into focus.

With prices reaching repeated record highs in 2025, many are now looking beyond the immediate rally and asking what comes next. This article breaks down the factors shaping gold’s trajectory and examines analytical gold price forecasts for 2026 to 2030.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nasdaq 100 Advances Ahead of Tech Giants’ Earnings



As early as tomorrow, after the close of the main trading session, quarterly results will be released by Microsoft (MSFT), Meta Platforms (META) and Tesla (TSLA), with Apple (AAPL) scheduled to report on Thursday.
As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) climbed today to its highest level since early November, rising above 25,900. Since the start of the week, the index has gained around 1.8%. This appears to reflect a shift in market sentiment:
→ Geopolitical risks are fading. Market participants seem to have adapted to the news flow surrounding tariffs and Greenland. After the initial shock, current political rhetoric is increasingly viewed as a negotiating stance rather than a genuine threat to business.
→ Confidence in market leaders. Prices are factoring in expectations that tech giants will outline roadmaps showing how their record AI spending will begin to generate net profits as early as this year.




TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

The US Dollar Index (DXY) Falls to Its Lowest Level Since September



As the DXY chart shows, the US dollar index is trading today at its lowest level since September 2025. From this month’s peak, the decline has exceeded 2%.

Why Is the Dollar Weakening?
→ The Fed factor. The interest rate decision is due tomorrow. Markets are expecting dovish rhetoric from Jerome Powell to offset economic risks stemming from tariff wars. It cannot be ruled out that the Fed Chair may soften his stance under unprecedented pressure from the White House administration, including threats of criminal prosecution.
→ Loss of safe-haven status. The dollar is losing appeal as a defensive asset amid geopolitical tensions (the US–EU dispute over Greenland and strained relations with Canada). Capital is actively flowing out of fiat currencies into real assets, as confirmed by yesterday’s historic breakout in gold prices above $5,000.
That said, the technical picture offers some grounds for optimism among bulls.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Market Analysis: EUR/USD Rally Accelerates Past 1.20, USD/CHF Buckles


EUR/USD started a fresh surge above 1.1900 and 1.2000. USD/CHF declined further and is now struggling below 0.7750.

Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro started a major increase from 1.1700 against the US Dollar.
- There is a key bullish trend line forming with support near 1.1915 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF declined below the 0.7800 and 0.7750 support levels.
- There is a key bearish trend line forming with resistance near 0.7675 on the hourly chart at FXOpen.
EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1700 zone. The Euro cleared the 1.1850 barrier to move into a bullish zone against the US Dollar.
The bulls pushed the pair above the 50-hour simple moving average and 1.1950. Finally, the pair cleared 1.2000 and 1.2050. A high was formed near 1.2080 and the pair is now consolidating gains. There was a minor pullback to the 23.6% Fib retracement level of the upward wave from the 1.1669 swing low to the 1.2080 high.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

AUD/USD and USD/CAD Test Key Levels Ahead of Central Bank Decisions



Commodity currencies have moved up to key levels after extending their recent gains, maintaining upward momentum. However, the next phase of price action will largely depend on fundamental drivers. For now, there are no clear signs of a slowdown, but proximity to important levels is increasing the market’s sensitivity to news.
Decisions from the Federal Reserve and the Bank of Canada, along with accompanying guidance from policymakers, could either confirm the strength of the current move or trigger a correction after the recent strong advance. Overall, the market remains directional, but it is approaching a point where fundamental signals become decisive.




TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD Climbs Above 1.2000 After Trump’s Remarks



Expectations of lower Federal Reserve interest rates, recession risks, and the negative fallout from the US stance on Greenland have been among the factors acting as bearish drivers for the dollar in recent weeks.
Additional pressure came from signals that the US may be willing to sell dollars to help Japan strengthen the yen. Yesterday’s comments from Donald Trump then gave the market fresh momentum.
“The dollar is doing great,” Trump replied when asked by a reporter whether he thought it had fallen too sharply recently. Does this mean the president is comfortable with the national currency having lost around 9% during the first year of his term?
Trump’s words triggered a sharp weakening of the US dollar against other currencies. In particular, EUR/USD rose above the psychological 1.2000 level for the first time since 2021.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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



The weakness of the US dollar amid the White House’s ambiguous policy stance, along with other factors (including geopolitics and industrial demand for silver), has led to the XAG/USD quote rising above $115 this week.
Since the beginning of the year, the price of an ounce of silver has increased by more than 50%, continuing the steep upward trend that began back in 2025.
It seems the bull market in precious metals is unstoppable, but the chart is sending important signals that cast doubt on this view.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

USD/CAD Falls Below the 2025 Low


Yesterday, financial markets were closely watching statements from central banks regarding interest rates, including the Federal Reserve and the Bank of Canada. According to Forex Factory:
→ The Federal Reserve kept the Federal Funds Rate at 3.75% by a majority vote. “The economy has once again surprised us with its strength,” Powell said at the press conference. The Fed Chair also added that “our policy is in a good place”.
→ The Bank of Canada left the Overnight Rate unchanged at 2.25%. In its official statement, significant attention was paid to the impact of uncertainty surrounding the trade agreement between Canada, the United States and Mexico (CUSMA).
Although there were no surprises and the central banks’ decisions matched analysts’ forecasts, the reaction of the USD/CAD pair was quite dynamic. After a spike in volatility, the exchange rate fell below the 2025 low. Moreover, on higher-timeframe charts, a bearish break of support is visible, with that support running through the lows of 2023–2025.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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



The euro and the pound maintained their upward momentum after the Federal Reserve meeting, despite interest rates being left unchanged. At the start of the week, both pairs rose sharply: EUR/USD tested the area above the psychological 1.2000 level, while GBP/USD climbed towards 1.3870, after which a moderate correction followed as profits were taken.
However, after Jerome Powell’s speech, demand for European currencies strengthened again, as the Fed Chair’s rhetoric was perceived by the market as a signal in favour of future easing and the regulator maintaining a cautious stance, with no need to return to tightening.
An additional source of pressure on the dollar remains the geopolitical and trade backdrop. Statements by Donald Trump on tariff policy towards Europe have increased uncertainty around the outlook for external trade and added to market nervousness, periodically boosting volatility and supporting demand for alternatives to the dollar. Against this background, gains in the euro and the pound are being driven both by interest rate expectations and by a broader reassessment of risks related to tariffs and political rhetoric.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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


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

Why META Shares Are Rising
The company not only met analysts’ expectations but significantly exceeded them:
→ Earnings per share (EPS): actual $8.88 (expected $8.19–8.21), up 11% year-on-year.
→ Revenue: actual $59.9bn (forecast around $58.35bn).
In addition, the media highlighted several positive factors:
→ A strong outlook for 2026.
→ A high operating margin of around 41%, demonstrating strong business efficiency despite substantial spending.
→ Continued growth in advertising services: the company has integrated AI into ad delivery, with growth seen both in ad pricing (+6%) and the number of impressions (+18%).

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



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Microsoft (MSFT) Shares Post a Record Decline


On Wednesday, after the close of the regular trading session, Microsoft (MSFT) released its quarterly earnings report, which exceeded analysts’ expectations:
→ Earnings per share: actual $4.14, forecast $3.90;
→ Gross revenue: actual $81.2bn, forecast $80.3bn;
→ Operating profit: up 21%.
Despite the strong results, MSFT shares suffered a dramatic sell-off of around 10% by the close of yesterday’s trading. According to media reports, this was the largest one-day drop in Microsoft’s share price on record, with the company losing roughly $360bn in market capitalisation.

Why MSFT Shares Collapsed
Market participants were most likely disappointed by the following factors:
→ A sharp rise in capital expenditure: capex surged by 66% to $37.5bn as Microsoft continued to invest heavily in data centres and AI infrastructure, while the timing of meaningful returns on these investments remains uncertain.
→ Slowing growth in the cloud computing segment.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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


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

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

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above 1.3500. The British Pound started a decent increase above 1.3650 against the US Dollar.
The bulls were able to push the pair above the 50-hour simple moving average and 1.3750. The pair even climbed above 1.3800 and traded as high as 1.3869. Recently, there was a pullback below 1.3760 and the 23.6% Fib retracement level of the upward move from the 1.3401 swing low to the 1.3869 high.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Silver Prices Collapse as the Market Shifts Phase


According to media reports, the silver market has experienced its largest price drop since 1980.
Notably, it is difficult to identify a single powerful fundamental catalyst that could clearly explain the move from the 29 January high near $120 to today’s low around $72 (approximately −40%). The geopolitical backdrop remains tense, with risks related to Iran, Greenland, Ukraine and other regions still very much in play.


TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nasdaq 100 Opens Lower Following Big Tech Earnings


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

Why Is the Nasdaq 100 Falling?
While many of the Big Tech earnings reports were strong, the broader market reaction suggests that:
→ investors have become increasingly sceptical about massive capital expenditure (capex) on artificial intelligence, as seen in Microsoft’s case;
→ even solid results, such as those delivered by Apple, are no longer triggering rallies.

It appears that market participants are placing greater emphasis on uncertainties related to:
→ the new Fed Chair;
→ the risk of another US government shutdown;
→ rising geopolitical tensions (with Greenland, Iran and Ukraine potentially joined by Cuba).


TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

5 Popular Trading Strategies in 2026



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

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

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Market Insights with Gary Thomson: Gold Outlook, Central Banks, US NFP Data, and Corporate Earnings



In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson breaks down what moved the markets last week and unpacks the strategic implications of the most critical events driving global markets.

Key topics covered in this episode:
- What Happened in the Markets Last Week
- Central Bank Meetings
- Nonfarm Payrolls and Unemployment Rate
- Stocks to Watch
Gain insights to strengthen your trading knowledge.

Watch 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.

How Does the Framing Effect Affect Investing and Trading?


You may have never thought that the same information may lead to different trading decisions. Small changes in a news headline, the context of an event, and the way it's presented can make you feel a certain way, but may not always reflect the true meaning of what's happening. This is called the framing effect. This cognitive bias is used not only in trading but in other spheres, where newswriters, marketers, politicians seek to present information in a more favorable light.
In this article, we will discuss what the framing effect is, where it comes from, how it appears in financial markets, and how traders may spot it and deal with its influence.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

AUD/USD Rises Following RBA Decision


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

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

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


TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Gold Prices Recover After a Catastrophic Sell-Off


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

This same reasoning can likely be applied to the gold market, which experienced a synchronous and dramatic sell-off. From the A peak on 29 January near $5,570, the gold price (XAU/USD) collapsed to the B low on 2 February below $4,420 — a drop of around 20%:
→ “Smart money” locked in profits on long positions and switched to selling at market;
→ retail speculators were forced to close long positions at a loss, while the liquidation of previously leveraged trades accelerated the cascading decline.

On 26 January, when analysing gold price movements, we:
→ highlighted that the market was extremely overbought;
→ noted, however, that abandoning bullish expectations prematurely would be inappropriate without a major catalyst.
It now appears that the A→B collapse may have been precisely such an event.


TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.