Watch FXOpen's December 12 - 16 Weekly Market Wrap Video

FXOpen

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

  • 00:17 - Sudden gold price hike attracts speculative attention
  • 01:44 - What the future holds for the Fed
  • 03:20 - EUR/USD gains bullish momentum while USD/CHF dips further
  • 04:35 - GBP makes remarkable gains as UK inflation slows, but it's still 10.7%

    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

Euro And Sterling Rally Slows After Strong US Data

At the start of the week, the euro and sterling posted solid gains amid dollar weakness and expectations of a more accommodative Federal Reserve policy path, testing local highs. However, the release of the January US employment report shifted market

Indices

Nikkei 225 Retreats From Record High

As the chart shows, the Nikkei 225 index (Japan 225 on FXOpen) reached a historic high near 58,500 points on Monday. Bullish sentiment was driven primarily by political developments.

According to media reports, the rally followed the decisive victory

Commodities

WTI Oil Price Climbs to a Monthly High

As the XTI/USD chart shows, the price per barrel moved above the 4 February peak yesterday, marking its highest level since the start of the month. The bullish sentiment has been driven by geopolitical uncertainty. According to media reports:

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