Watch FXOpen's January 16 - 20 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.

  • The Davos dampener: Markets stagnant on WEF discussions
  • China stock market outlook
  • The probability of a reversal of the dollar index is growing
  • Crypto winter giving way to Crypto spring? Bitcoin suddenly wakes up


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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Commodities

Gold Price Hits Monthly High

The XAU/USD chart shows:
→ A notable peak in November near the $2716 level (indicated by the first arrow);
→ Yesterday, gold surpassed this peak, reaching a new one-month high.

Factors Supporting Bullish Sentiment

→ Yesterday’s US Consumer Price Index data

Shares

Tesla (TSLA) Shares Surge to a New All-Time High

The chart for Tesla (TSLA) shares reveals:
→ At the beginning of December, the price was around $350;
→ Yesterday, the trading session closed above $420, surpassing the previous all-time high near $410 set in 2021.

The primary driver of this bullish

Forex Analysis

Commodity Currencies Adjust Following US Inflation Data

The release of US inflation data has led to a downward pullback for the USD in pairs such as USD/CAD, NZD/USD, and AUD/USD. Currently, these pairs are trading near key levels, with rebounds from these points potentially

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