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

Pound and Euro Decline Ahead of Key Macroeconomic Data

The US labour market data released on Friday caused sharp fluctuations in major currency pairs. Following the release of average wage and employment data from the US:

  • EUR/USD rose to 1.1140 before sharply dropping to 1.1070.
  • GBP/
Forex Analysis

Analysis of GBP/USD Today: Bulls Face Challenges

UK labour market data was released today.

According to Dow Jones Newswires:

→ Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecast. ING analysts believe this supports the view that the Bank of England will cut interest

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Alphabet Inc. (GOOGL) Shares Drop to Almost Six-Month Low

Alphabet Inc. (GOOGL) shares closed below $150 yesterday, a level last seen in late March this year.

According to Barron’s, the stock is under pressure due to ongoing litigation with the US Department of Justice (DOJ), which:

→ claims Google

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