Daily Market Analysis By FXOpen

[FXOpenTeam]

News Whirlwind Propels Nasdaq 100 to a Fresh All-Time High

According to the chart, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has climbed above the 26,260 mark for the first time in history. Market sentiment is being driven by an extraordinary combination of powerful news factors:

→ Meeting between US President Donald Trump and China’s leader Xi Jinping in Busan, South Korea. The talks lasted around one hour and forty minutes. Xi emphasised the importance of “steering the giant ship” of bilateral relations, while Trump described the meeting as “tremendous” and “fantastic”. However, few concrete details about a potential trade deal were revealed.

→ Federal Reserve rate cut. As expected, the Fed cut interest rates by 0.25% yesterday. Jerome Powell struck a cautious tone, using the metaphor of “driving through fog” to describe the lack of key inflation and labour market data due to the government shutdown. He also highlighted divisions within the committee, suggesting that another rate cut – possibly in December – remains uncertain.

→ Tech giant earnings reports. After the US stock market closed yesterday, Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META) released their quarterly results. A key theme across all three was massive capital expenditure on artificial intelligence. Investors are now questioning whether these heavy investments are beginning to pay off.

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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.

[FXOpenTeam]

Forex Traders Focus on Central Bank Decisions

As expected, the Federal Reserve yesterday cut the Federal Funds Rate from 4.25% to 4.00%, while Jerome Powell’s remarks reduced the likelihood of further rate cuts. Meanwhile, decisions by other key central banks are also influencing the currency markets, according to Forex Factory:

→ The Bank of Canada lowered its policy rate from 2.50% to 2.25%, in line with market expectations. Its official statement highlighted risks of slower GDP growth, “continued weakness in the economy”, and concerns over U.S. trade relations and tariffs.

→ The Bank of Japan (BoJ) kept interest rates unchanged but signalled readiness to raise borrowing costs if economic conditions allow. This has shifted traders’ focus towards a possible rate hike as early as December.

→ The European Central Bank (ECB) is expected to leave its key rate steady, with the decision due at 16:15 GMT+3 today.

→ Next week, both the Reserve Bank of Australia and the Bank of England are scheduled to announce their policy decisions.

Against this backdrop, attention is increasingly turning to the Dollar Index (DXY) chart today.

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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.

[FXOpenTeam]

Global Forex Trading Time Zones: How Trading Hours Shape Strategy

The forex market operates 24 hours a day, five days a week, linking major financial centres around the world. However, trading activity is not evenly distributed throughout the day—certain hours are marked by higher liquidity and volatility.

The market is divided into four sessions: Sydney, Tokyo, London, and New York. When these sessions overlap, trading volumes surge, creating rapid price movements. Understanding the timing of these sessions may help traders identify when the market is most active and which pairs are likely to move. This article breaks down the major global trading sessions and explores how their timing influences market liquidity and volatility.

The 24-Hour Cycle of Forex Market Time Zones
The forex market’s distinctive feature of being open 24 hours a day, five days a week, is a testament to its unparalleled accessibility, dynamics, and decentralised nature. Unlike traditional financial markets constrained by fixed trading hours, the forex market operates continuously, commencing in Asia on Monday and concluding in North America on Friday.

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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.

[FXOpenTeam]

Meta Platforms (META) shares plunge 11%

On Wednesday, Meta Platforms (META) released its quarterly report, which included several positive highlights:
→ revenue rose to $51.2 billion (forecast: $49.5 billion);
→ the size of the daily active audience increased to 3.54 billion people.

However, META’s share price fell below the psychological threshold of $700, hitting its lowest level in almost five months. This drop was triggered by two unpleasant surprises revealed in the report.

Tax write-offs
According to media reports, due to new US tax legislation (referred to as the “One Big Beautiful Bill Act”), the company recorded a one-off income tax expense of $15.93 billion.

Because of this write-off, earnings per share (EPS) came in at $1.05 (analysts had expected $6.72). However, the company clarified that excluding this one-off item, EPS would have been $7.25, which would have been a very strong result.

AI-related expenses
Another factor that may have alarmed shareholders is that Mark Zuckerberg’s company raised its capital expenditure forecast for 2025 to $70–72 billion. These funds will go towards building data centres and purchasing AI chips.

In essence, Meta Platforms is striving to take a leading position in the AI space and is prepared to spend tens of billions to achieve that goal. For shareholders, this means that even as revenue grows, net profit is being eroded by massive spending—and it remains unclear when these costs will pay off.

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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.

[FXOpenTeam]

EUR/USD Under Pressure

Today, the EUR/USD pair is trading around 1.1560, close to autumn lows. From this week’s high, the pair has fallen by roughly 0.85%, reflecting bearish pressure.

The main factors driving the decline are traders’ reactions to central bank signals:

→ Hawkish Fed rhetoric: On Wednesday, Jerome Powell indicated that further rate cuts are “by no means predetermined.” The Fed continues to see mixed signals from the labour market and inflation data, suggesting it will not rush into easing policy.

→ ECB keeps rates unchanged: Yesterday, the European Central Bank left rates steady. However, markets remain concerned about the slowing economic growth across the eurozone, meaning the ECB cannot afford to tighten policy amid weak activity.

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.

[FXOpenTeam]

Amazon (AMZN) Shares Reach $250 for the First Time

As the chart shows, Amazon (AMZN) shares rose to a record high on Friday, reaching the $250 mark for the first time. This came after the publication of a strong earnings report:
→ Revenue: $180.2 billion (up 13% year on year).
→ Earnings per share (EPS): actual = $1.95, forecast = $1.56 (a 25% beat).

Investor sentiment was further boosted by the following:
→ AWS (Amazon Web Services) revenue grew by 20% year on year, despite competition from Microsoft Azure and Google Cloud.
→ Amazon issued a confident outlook for the crucial holiday (fourth) quarter.

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.

[FXOpenTeam]

Market Analysis: AUD/USD Softens, NZD/USD Faces Fresh Selling Pressure

AUD/USD is consolidating gains near 0.6550. NZD/USD is trimming gains and struggling to stay above the 0.5700 pivot zone.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

• The Aussie Dollar started a downside correction from 0.6620 against the US Dollar.
• There was a break below a key bullish trend line with support at 0.6570 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD is declining from the 0.5800 resistance zone.
• There is a short-term declining channel forming with resistance near 0.5730 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 0.6480. The Aussie Dollar was able to clear 0.6550 to move into a positive zone against the US Dollar.

There was also a move above 0.6580 and the 50-hour simple moving average. Finally, the pair tested 0.6600. A high was formed near 0.6617 and the pair is now correcting gains. There was a move below 0.6600 and a key bullish trend line with support at 0.6570.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

[FXOpenTeam]

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 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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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. :smile41:

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.