Daily Market Analysis By FXOpen

Market Analysis: EUR/USD Holds Weak, USD/CHF Retreats From Highs


EUR/USD started a downside correction from 1.1665. USD/CHF failed to clear 0.8000 and recently started a downside correction.

Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro seems to be facing strong resistance at 1.1665 against the US Dollar.
- There is a bullish trend line forming with support at 1.1635 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF is correcting gains below 0.7960 and 0.7950.
- There is a declining channel or a bullish flag pattern forming with resistance at 0.7950 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair gained pace for a move above 1.1635. The Euro tested 1.1665 and recently corrected gains against the US Dollar.

The pair dipped below 1.1645, the 50-hour simple moving average, and the 23.6% Fib retracement level of the upward move from the 1.1576 swing low to the 1.1668 high. The pair is now testing a bullish trend line forming with support at 1.1635.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

Nvidia (NVDA) Shares Surpass $200 for the First Time


Yesterday, Nvidia?s (NVDA) share price climbed above the psychological threshold of $200 for the first time, pushing the company?s market capitalisation close to $5 trillion.

Why Are NVDA Shares Rising Today?
Several bullish factors are driving Nvidia?s share price higher:

→ Massive order backlog: The company reported pre-orders for its AI processors totalling an astonishing $500 billion.

→ Strategic partnership with the US government: CEO Jensen Huang announced plans to build seven AI supercomputers for the US Department of Energy.

→ Expansion into telecoms: Nvidia has invested $1 billion in Nokia, acquiring a 2.9% stake in the Finnish company to jointly develop AI-RAN and 6G technologies.



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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

The Pound and Euro Fall as Dovish Fed Tone Fails to Weaken the Dollar


European currencies came under pressure after the latest Federal Reserve meeting. Despite a 0.25% rate cut, the US dollar held firm, as Fed Chair Jerome Powell?s comments stopped short of signalling the start of a sustained easing cycle. Markets had seemingly expected stronger hints of further cuts; however, Powell emphasised that future decisions would depend on incoming data and the broader economic outlook.

Investor disappointment deepened after the Fed acknowledged uncertainty in assessing inflation prospects and the effects of the partial US government shutdown on data collection. This prompted traders to adjust expectations: while the probability of another rate cut in December now stands at nearly 95%, there is little consensus on the pace of future policy easing.

Against this backdrop, both the euro and pound slipped against the dollar, reflecting stronger US assets and rising Treasury yields. The single currency also remains under pressure ahead of the upcoming European Central Bank meeting, where markets are hoping for clearer guidance on the future direction of monetary policy.

Investors remain cautious before the release of key eurozone data on inflation, GDP, and business activity. Until then, EUR/USD remains under pressure, while GBP/USD is hovering near local lows.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

Forex Traders Focus on Central Bank Decisions


As expected, the Federal Reserve yesterday cut the Federal Funds Rate from 4.25% to 4.00%, while Jerome Powell?s remarks reduced the likelihood of further rate cuts. Meanwhile, decisions by other key central banks are also influencing the currency markets, according to Forex Factory:

→ The Bank of Canada lowered its policy rate from 2.50% to 2.25%, in line with market expectations. Its official statement highlighted risks of slower GDP growth, ?continued weakness in the economy?, and concerns over U.S. trade relations and tariffs.

→ The Bank of Japan (BoJ) kept interest rates unchanged but signalled readiness to raise borrowing costs if economic conditions allow. This has shifted traders? focus towards a possible rate hike as early as December.

→ The European Central Bank (ECB) is expected to leave its key rate steady, with the decision due at 16:15 GMT+3 today.

→ Next week, both the Reserve Bank of Australia and the Bank of England are scheduled to announce their policy decisions.

Against this backdrop, attention is increasingly turning to the Dollar Index (DXY) chart today.



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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

Meta Platforms (META) shares plunge 11%


On Wednesday, Meta Platforms (META) released its quarterly report, which included several positive highlights:
→ revenue rose to $51.2 billion (forecast: $49.5 billion);
→ the size of the daily active audience increased to 3.54 billion people.

However, META?s share price fell below the psychological threshold of $700, hitting its lowest level in almost five months. This drop was triggered by two unpleasant surprises revealed in the report.

Tax write-offs
According to media reports, due to new US tax legislation (referred to as the ?One Big Beautiful Bill Act?), the company recorded a one-off income tax expense of $15.93 billion.

Because of this write-off, earnings per share (EPS) came in at $1.05 (analysts had expected $6.72). However, the company clarified that excluding this one-off item, EPS would have been $7.25, which would have been a very strong result.

AI-related expenses
Another factor that may have alarmed shareholders is that Mark Zuckerberg?s company raised its capital expenditure forecast for 2025 to $70?72 billion. These funds will go towards building data centres and purchasing AI chips.

In essence, Meta Platforms is striving to take a leading position in the AI space and is prepared to spend tens of billions to achieve that goal. For shareholders, this means that even as revenue grows, net profit is being eroded by massive spending?and it remains unclear when these costs will pay off.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

Amazon (AMZN) Shares Reach $250 for the First Time


As the chart shows, Amazon (AMZN) shares rose to a record high on Friday, reaching the $250 mark for the first time. This came after the publication of a strong earnings report:
→ Revenue: $180.2 billion (up 13% year on year).
→ Earnings per share (EPS): actual = $1.95, forecast = $1.56 (a 25% beat).

Investor sentiment was further boosted by the following:
→ AWS (Amazon Web Services) revenue grew by 20% year on year, despite competition from Microsoft Azure and Google Cloud.
→ Amazon issued a confident outlook for the crucial holiday (fourth) quarter.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

XAG/USD Analysis: Price Stabilises Below the Psychological Level


October proved exceptionally volatile for the silver market ? the price broke past a historical record, climbing above $50. However, after widespread profit-taking, the market reversed downward.

XAG/USD is currently influenced by several factors:
→ prospects for Federal Reserve policy;
→ the easing of trade tensions between the United States and China;
→ the potential government shutdown and related news.

As indicated by the ATR indicator, volatility is declining ? suggesting that supply and demand forces may be finding a balance.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Disclaimer: This video 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.