Watch FXOpen's November 14 - 18 Weekly Market Wrap Video

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In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.

  • US may avoid recession whereas Europe may plunge deeper
  • EUR/USD rallies while USD/JPY takes a major hit
  • GBPUSD reaches 1.20, what's next?
  • Inflation in the UK hits high at 11.1% as US inflation goes down.

Watch our short and informative video, and stay updated with FXOpen.

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.

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Forex Analysis

EUR/JPY Pulls Back From Record High

As the chart shows, the exchange rate rose above ¥185.00 per euro for the first time ever earlier this week. Today, however, a modest pullback is visible, with the Japanese yen strengthening against the euro.

Fundamentally, this move has

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US Delays Vote On Key Cryptocurrency Market Bill

Yesterday, the US Senate postponed a vote on a bill aimed at defining the structure of the cryptocurrency market. The delay followed the withdrawal of support by one of the industry’s leading players, the Coinbase exchange.

Coinbase CEO Brian

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Microsoft (MSFT) Shares Fall Below $460

As the Microsoft (MSFT) share chart shows:
→ yesterday’s candle closed below $460 — the lowest level since early June last year;
→ the decline from the all-time high near $550 has exceeded 16%.

Why MSFT Shares Are Falling

The downward move

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