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Watch FXOpen's 4 - 8 December Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: AUD/JPY, RATE HIKES, S&P 500, WTI 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. AUD/JPY: Rate Falls to Important Support #AUDJPY Will rate hikes end when 2023 ends? #RateHikes S&P 500: Why Santa May Have Problems Rallying #SantaRally WTI oil price drops to lowest level since July #wtioil Stay in the know and empower yourself with our short, yet power-packed 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. FXOpen YouTube Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. #fxopen #fxopenyoutube #fxopenuk #fxopenint #weeklyvideo

NIKKEI Analysis: Japanese Stock Market Outlook In the first half of 2023, the Japanese stock market was dominated by bullish sentiment due to (still) negative interest rates — while the rest of the G7 countries raised their rates to combat inflation. The NIKKEI-225 index grew by 30% in the first half of the year. But then the balance of supply and demand was achieved, judging by the daily chart, where a range was formed (shown in blue), framing the index’s fluctuations in the second half of the year. Judging by the change in the slope of the bullish trend lines, demand was sufficient to maintain the price at the lower limit of the range, but not enough to go beyond the upper limit. The situation is fundamentally reversed. While interest rates in the US, Europe and elsewhere are thought to be near the top, there is growing talk in Japan that the central bank will begin raising them after years of being stuck in negative territory: → Bloomberg: The next meeting of the Bank of Japan will be held on December 19 – speculation is growing that the Bank will move away from negative interest rates as early as this month. → Reuters: 22 of 26 economists (85%) surveyed in November believe the Bank of Japan will abandon its negative interest rate policy by the end of next year. The winding down of ultra-loose monetary policy could have a negative impact on the growth of Japanese companies - accordingly, the growing bearish sentiment is reflected in the index quote. Since the end of November, the NIKKEI 225 has dropped almost 5%. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

AUD/JPY Analysis: Rate Falls to Important Support This morning, the AUD/JPY rate dropped below 95.2 yen per Australian dollar for the first time since late October. The weakening of the AUD was contributed by: → negative news regarding the Chinese economy. The Hang Seng Index set its 2023 low yesterday; → Australian GDP data published yesterday, which is growing at a weaker-than-expected pace. And the strengthening of the yen occurs against the backdrop of expectations of an increase in interest rates in Japan, which intensified according to the statement of the head of the Bank of Japan. Kazuo Ueda said yesterday the central bank has several options for targeting interest rates once it gets short-term borrowing costs out of negative territory. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

S&P 500 Analysis: Why Santa May Have Problems Rallying It is traditionally believed that the Santa Rally occurs at the end of December and the first days of January, but according to many opinions it is acceptable to think that it begins much earlier. At the beginning of December, the values of the S&P 500 index came close to the highs of the year in the area of 4,611, but have declined to date, forming a number of bearish signs: → the candle on November 29 has a long upper shadow — a sign of seller activity; → the same can be said about yesterday’s candle; → candles on December 1-4 form a bearish engulfing pattern; → all of the listed candles form a head-and-shoulders pattern (shown by the letters SHS). That is, the chart indicates activation of sellers near the yearly high — and this is a problem that can affect the so-called Santa Claus rally (the active channel, shown in blue, actualizes the theme associated with the rally). VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

EUR/USD, GBP/USD, USD/JPY Analysis: Dollar Stable Despite Weak Employment Data Yesterday, statistics from the United States on the dynamics of open vacancies from JOLTS were published. In October, their number decreased by 617.0k to 8.733 million, which turned out to be the lowest result since the beginning of 2021, while analysts expected a reduction from 9.35 million to 9.30 million. Further cooling of the American labour market, along with the weakening of inflation risks, serves as a factor in favour of the expected completion of the cycle of tightening monetary policy by the US Federal Reserve. Some experts suggest that interest rate reductions will begin as early as March 2024. November data on business activity in the services sector provided support to the American currency: the index from the Institute for Supply Management (ISM) rose from 51.8 points to 52.7 points, which turned out to be better than forecasts of 52.0 points. The US dollar index remains at 103.400. On Friday, final labour market statistics for November will be published: analysts suggest that the number of new jobs created outside the agricultural sector will increase from 150.0k to 185.0k, unemployment will remain at 3.9%, and the average hourly wages will increase from 0.2% to 0.3% in monthly terms. EUR/USD According to the EUR/USD technical analysis, the pair shows mixed dynamics, consolidating near the 1.0800 mark and new local lows from November 14, updated the day before. Immediate resistance can be seen at 1.0836, a break higher could trigger a move towards 1.0878. On the downside, immediate support is seen at 1.0800, a break below could take the pair towards 1.0731. European statistics on business activity turned out to be positive: the indicator in the non-manufacturing sector increased from 47.8 points to 48.7 points, exceeding expectations at 48.2 points, and the composite index - from 46.5 points to 47.6 points with a forecast of 47.1 points. The German services business activity index rose from 48.2 points to 49.6 points, and the composite index from 45.9 points to 47.8 points. Indicators remained stagnant, confirming that the eurozone economy is approaching recession, despite some recovery in consumption during the Christmas holidays. The focus of investors today will be on October statistics from the eurozone on the dynamics of retail sales: in monthly terms, the indicator is expected to grow by 0.2% after a decrease of 0.3% a month earlier, and in annual terms - a decrease of 1.1% after -2,9%. The downward channel is maintained. Now, the price is in the middle of the channel and may continue to decline. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

Will rate hikes end when 2023 ends? Finally, after a seemingly endless period of interest rate increases by the US Federal Reserve over the past few years, there is some degree of inkling that the rate rises may come to an end at the end of this year. This morning, some mainstream media speculation has surfaced, considering that Federal Reserve officials are finally looking at making no further interest rate increases in 2024. Currently, this is pure speculation based on some recent sentiment from the central bankers, and there has been some mention of a potential cessation in increasing interest rates in the last quarter of this year, which did not come to fruition. Instead, the current monetary policy continued, despite inflation now being very much under control and nowhere near the double-digit figures of two years ago, which caused the Federal Reserve (and other central banks in Western markets) to increase interest rates. Therefore, the currency markets have responded accordingly. Rather than a sudden rise in the value of the US dollar, the British pound has been forging ahead. In the period between November 9 and December 1, the British pound surged against the US dollar, going from 1.2290 to 1.27. Such gains are relatively rare among major currencies, and quite often, just a 1-cent difference is considered a notable movement. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer:This article 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.

WTI Oil Price Drops to Lowest Level Since July As the chart shows, the price of a barrel of US crude oil dropped below 72.10 per barrel yesterday for the first time since July 2023. Fundamentally, this happened against the backdrop of: → Statistics showing that US oil exports are increasing. Volume is approaching a record 6 million barrels per day, with flows to Europe and Asia showing steady growth. → Previously announced measures to reduce oil production by OPEC+. However, either the price has already taken these statements into account in advance, or market participants are not confident that the reduction in OPEC+ supplies will be fully implemented — one way or another, so far the OPEC+ countries have not achieved the desired increase in oil prices. Perhaps, in order to discuss the oil market, Russian President Putin is flying to the UAE and Saudi Arabia today. And Deputy Prime Minister Alexander Novak said OPEC+ is ready to deepen oil production cuts in the first quarter of 2024 to eliminate “speculation and volatility” if existing production reduction measures are not enough. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

Gold Price Retreats From Highs and Crude Oil Price Dives Gold price is correcting gains below the $2,050 support. Crude oil prices declined steadily below the $75.90 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price rallied to new highs above $2,120 before it corrected lower against the US Dollar. A key bearish trend line is forming with resistance near $2,025 on the hourly chart of gold at FXOpen. Crude oil prices extended downsides below the $75 support zone. A major bearish trend line is forming with resistance near $73.35 on the hourly chart of XTI/USD at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price rallied heavily above the $2,000 resistance. The price even traded to a new high at $2,135 before there was a downside correction. There was a move below the $2,072 support level. The bears even pushed the price below the $2,050 support and the 50-hour simple moving average. It tested the $2,010 zone. A low is formed near $2,009.78 and the price is now attempting a fresh increase. It is now facing resistance near a key bearish trend line at $2,025. The next major resistance is near the 23.6% Fib retracement level of the downward move from the $2,135 swing high to the $2,009 low at $2,040. The main resistance could be $2,050, above which the price could test the $2,072 resistance. The next major resistance is $2,135. An upside break above the $2,135 resistance could send Gold price toward $2,220. Any more gains may perhaps set the pace for an increase toward the $2,350 level. Initial support on the downside is near the $2,010 level. The first major support is near the $2,000 level. If there is a downside break below the $2,000 support, the price might decline further. In the stated case, the price might drop toward the $1,965 support. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

USD/JPY, USD/CAD, and EUR/USD Analysis: The US Dollar Corrected in Anticipation of PMI Data Release In the first trading hours of the current five-day period, the American currency made a number of attempts to regain the positions lost last week and begin an upward correction. Thus, the USD/JPY pair found support just above 146.00 and tested resistance at 147.50, USD/CAD buyers defended support at 1.3500, and the EUR/USD pair dropped to the important level of 1.0800 yesterday. Whether there will be a continuation of yesterday's movements can be understood after the release of the incoming fundamentals of the current five-day period. USD/JPY Growing expectations among market participants regarding a reduction in the Fed's base interest rate next year is pushing the USD/JPY pair to new lows. If data on inflation and the labour market in the US disappoint officials, the timing of changes in monetary policy could change dramatically, which in turn could return the USD/JPY pair above 150.00. Today at 17:45 GMT+3, we are waiting for the publication of data on the business activity index (PMI) in the US services sector for November. A little later, at 18:00 GMT+3, indicators on the number of open vacancies on the US labour market for October and the Purchasing Managers' Index for the non-manufacturing sector from ISM will be released. Tomorrow we are waiting for a preliminary report on employment in the US from ADR. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

S&P500: The end of a significant rally? Opinions vary across the financial markets this morning as the S&P 500 index, a prestigious benchmark tracking the performance of 500 major US companies, takes centre stage in recent market discussions. Just days ago, on the first trading day of December, the S&P 500 soared to its highest point in over a year, capping off at 4,594.63 points. This upward momentum persisted until yesterday morning when the US market concluded its session, witnessing a sudden tapering of the rally. While not indicative of a crash, the decline in the S&P 500's value has piqued the interest of financial analysts. The significance lies in whether this marks a temporary blip in the midst of a more extended upward trajectory or signals the conclusion of a sustained period of growth since its all-time high in 2022. What adds intrigue to this scenario is the S&P 500's five-week upward trend, raising questions about the potential impact on the longer-term direction of the index. A critical point of comparison emerges when assessing these traditional 'bricks and mortar' stocks against the dynamic tech stocks listed on NASDAQ. The blue-chip Dow has recorded a modest 9% gain for the year, in stark contrast to the tech-heavy Nasdaq Composite's impressive 35% climb in 2023. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

Market Analysis: Gold Falls from Record High by $100 in 1 Day The record high of about USD 2,130 an ounce was set just after the weekend in low-liquid Asian markets. By the nature of the movement, it looked more like a cascading triggering of sellers’ stop losses, rather than finding a stable balance between supply and demand, since after the candle with a long upper tail, the quote began to fall. During the European session it fell to 2,060, and during the American session it fell to 2,030. So in less than a day, the price of gold fell about USD 100, making Monday's close further from the record top than Friday's close — essentially similar to a change in market sentiment, in which a bearish engulfing pattern is formed. From a fundamental point of view, the gold market is influenced by: → Jerome Powell's words that expectations of a rate cut may be “premature”; → positioning traders at the beginning of the working week. Important news on the US labor market is expected on Friday. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

5 Stocks To Consider in December 2023 As we approach the curtain call for 2023, it's time to reflect on a year filled with market-shaping events. From the resurrection of tech stocks to the fall of financial institutions, the capital markets sector has been anything but dull. Against a backdrop of geopolitical shifts and the paradox of rising interest rates amid reduced inflation, investors and traders are closing the year with a multitude of perspectives. In the heart of December, the spotlight is on tech stocks, particularly those powerhouse companies headquartered in Silicon Valley. Here are the top five movers in the global stock markets as the last month of the year gets underway, each with its own narrative and potential. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

Market Analysis: Bitcoin Surpasses $40,000 Per Coin December begins extremely optimistically for the cryptocurrency market, resembling: → December 2020, when bitcoin grew by 46.9%; → December 2017, when bitcoin grew by 38.9%; → December 2016, when bitcoin grew by 30.8%. If there are psychological patterns in the increase in demand on the eve of the holidays, then perhaps they come into force, since on the morning of December 4, the price of Bitcoin exceeded the psychological barrier of 40k and reached 41,700 per coin — for the first time since April 2022. Fundamentally, demand is based on expectations of the approval of several Bitcoin ETFs. The fear and greed index reached a value of 74, indicating growing greed. Another driver is expectations of Fed rate cuts, which leads to more affordable loans and, accordingly, increased demand for risky assets. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

EUR/USD, GBP/USD, USD/JPY Analysis: US Dollar Weakens after Fed Chairman's Comments Today, investors are assessing the speech of US Federal Reserve Chairman Jerome Powell, who indicated that the interest rate is currently at a restrictive level, but the regulator allows for the possibility of another increase if necessary. The manufacturing business activity index from S&P Global in the US remained at 49.4 points, which coincided with analysts' forecasts, and the same indicator from the Institute for Supply Management (ISM) remained at 46.7 points, contrary to forecasts for growth to 47.6 points. The manufacturing index of gradual acceleration of inflation from the ISM in November sharply increased from 45.1 points to 49.9 points, while experts expected 46.2 points. In the US today, statistics on the volume of manufacturing orders will be presented: in October, the figure may lose 2.5% after growing by 2.8% in the previous month. EUR/USD The EUR/USD pair is showing a moderate decline. According to the EUR/USD technical analysis, the euro is testing the 1.0870 level for a breakdown downwards, but activity on the market remains restrained. Investors today are watching publications from Germany, where exports in October adjusted from -2.5% to 0.2%, and imports from -1.9% to -1.2%, while the trade surplus widened from 16.7 billion euros to 17.0 billion euros, signaling the recovery of the national economy, despite the long-term hawkish course of the ECB. In addition, representatives of the European regulator, as well as its head Christine Lagarde, are expected to speak during the day. Officials may refine their plans for the monetary policy outlook given that inflation continues to show fairly consistent signs of decline. Immediate resistance can be seen at 1.0892, a break higher could trigger a rise towards 1.0977. On the downside, immediate support is seen at 1.0822, a break below could take the pair towards 1.0758. Based on last week's lows, a new downward channel has formed. Now, the price is in the middle of the channel and may continue to decline after approaching the upper border of the channel. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article 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.

Watch FXOpen's 27 November - 1 December Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: EUROPEAN CURRENCIES, US GDP NEWS, OPEC+, NATURAL GAS PRICES 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. European Currencies at Strategic Levels #EUROCurrencies Stock Market Reaction to US GDP News #USGDP Today OPEC+ May Announce New Oil Production Cuts #OPEC Natural Gas Prices Fall to More than 2-month Lows #NaturalGas Stay in the know and empower yourself with our short, yet power-packed 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. FXOpen YouTube Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. #fxopen #fxopenyoutube #fxopenuk #fxopenint #weeklyvideo