Weekly Market Wrap With Gary Thomson: GBP/EUR, AAPL ALL-TIME HIGH, GOLD DROP

FXOpen

Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.

  • Market Analysis: Yield curve and stock market downside risks. Alarming signals?
  • GBP/EUR Analysis: GBP makes a sudden dip against EUR. Is a recession finally looming, or is it just a blip?
  • Market Analysis: AAPL share price hits all-time high. Will we see the company's capitalization reach USD 3 trillion?
  • Market Analysis: What made gold drop to 3-month low?

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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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Indices

The US Dollar Index (DXY) Turns Lower

Capital flows into gold amid rising geopolitical and broader market risks, together with Jerome Powell’s remarks about potential criminal prosecution, have not only driven XAU/USD to record highs (as discussed earlier today) but have also put pressure on

Forex Analysis

Market Analysis: AUD/USD and NZD/USD Pull Back, Caution Creeps In

AUD/USD failed to stay in a positive zone and declined below 0.6700. NZD/USD is also moving lower and might extend losses below 0.5700.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

· The Aussie Dollar

Commodities

Gold Price Breaks Above $4,600 for the First Time

At the opening of Monday’s session on 12 January, gold (XAU/USD) gapped higher and briefly moved above the psychological $4,600 level, setting a new all-time high.

Bullish drivers:

→ Geopolitical tensions. Following developments in Venezuela, market attention has

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