Watch FXOpen's December 5 - 9 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.

  • Brent Crude Oil is on the up as G7 price cap deals blow
  • UK's recession bites again as pound dives to 1.22 against US Dollar
  • The Pentagon signs a $9 billion contract
  • S&P500 closes lower for fourth day as recession fears bite
  • 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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Indices

The US Dollar Index (DXY) Rebounds from a Two-Month Low

A week ago, we:
→ updated a system of two trend channels;
→ identified signs of selling pressure dominance;
→ outlined a scenario in which price could slide towards the lower boundary of the blue channel, potentially acting as key support.

As the

Shares

Tesla (TSLA) Shares Close at a Record High

On Tuesday, 16 December 2025, Tesla shares closed at a new all-time high, breaking above the $488 level.

As a result, TSLA:
→ surpassed its December 2024 peak;
→ is up by roughly 125% from this year’s lows;
→ made Elon Musk

Forex Analysis

USD/JPY and USD/CAD Under Pressure After Weak US Labour Market Data

The US jobs report for November, released yesterday, reinforced the downward momentum in the dollar. The Department of Labor reported that non-farm payrolls rose by just 64,000, only slightly above analysts’ expectations and signalling a fragile recovery in the

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