Watch FXOpen's January 23 - 27 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.

  • Monday morning blues as EY forecast worse UK recession than expected
  • Natural gas fell by 50% in 1 month
  • Big Tech woes lead to layoffs, resulting in stock surge
  • TSLA. Report reassures investors


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

GBP/JPY Falls to a Year-to-Date Low

As the GBP/JPY chart shows, the pound has dropped below the 12 February low against the Japanese yen, marking its weakest level since the beginning of 2026. The pair last traded beneath the 207.500 mark in mid-December 2025.

Commodities

Gold Price Falls to a 10-Day Low

As today’s XAU/USD chart shows, the price of gold has dropped below the lows of 12 February, marking its weakest level in ten days. According to media reports, several factors are weighing on bullion:

→ Easing geopolitical tensions. Safe-haven

Relative Strength Index (RSI): Trading Strategies, Settings, and Market Applications
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Relative Strength Index (RSI): Trading Strategies, Settings, and Market Applications

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.