Watch FXOpen's January 2 - 6 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.

  • What to expect in stock market in 2023
  • British pound crashes against USD
  • USD rally short-lived
  • Gold starts 2023 with strong growth

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

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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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Following yesterday’s FOMC interest rate decision and Jerome Powell’s press conference, the US Dollar Index (DXY) dropped sharply to point A.

On one hand, the 0.25% rate cut makes the dollar less attractive for capital preservation and

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The Pound and the Euro Surge After the Fed Rate Cut

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Nasdaq 100 Chart Analysis After the Fed Decision

The Nasdaq 100 index (US Tech 100 mini on FXOpen) showed sharp volatility yesterday following the interest rate announcement. The market action can be interpreted as follows:

→ First, the FOMC decision was released: as expected, the Federal Funds Rate was

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