Daily Market Analysis By FXOpen

XBR/USD Chart Analysis: Price Rebounds from a Seven-Week Low


On 1 December, we outlined a descending channel on the XBR/USD chart and noted that the bearish trend was driven by fading geopolitical risks. Indeed, hopes for an end to the war in Ukraine?along with the possibility of sanctions on Russia being eased?acted as a bearish catalyst.

In addition, the International Energy Agency reaffirmed its forecast for a record supply surplus and highlighted that global inventories have reached a four-year high.

Under the influence of these and other factors, such as signs of a slowdown in the Chinese economy, Brent crude fell to a seven-week low at point A. However, today the XBR/USD chart shows a bullish reversal, again triggered by geopolitics, according to media reports:

→ The United States has intercepted a sanctioned Venezuelan tanker, which Caracas described as an ?act of piracy?.
→ Ukraine has struck another vessel from the ?shadow fleet? linked to Russia?s oil trade.



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USD/JPY Slides Towards Key Support


A Bank of Japan monetary policy meeting is due this week, and expectations around the decision are supporting the yen today. Traders increasingly believe that the central bank may raise its policy rate by 25 basis points to 0.75%.

Moreover, according to Trading Economics, analysts expect the interest rate to reach 1% by July 2026. Senior officials in Prime Minister Sanae Takaichi?s cabinet are also unlikely to oppose tighter policy, as an excessively weak yen could drive up import costs and fuel inflation.



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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.

S&P 500 Index: Chart Analysis After Friday?s Sell-Off


Trading on 12 December was overshadowed by a sharp decline in the S&P 500 (US SPX 500 mini on FXOpen), with the session low approaching December?s previous trough.

Among the key fundamental drivers behind Friday?s drop was the market reaction to Broadcom?s quarterly report. Shares (AVGO) plunged more than 10%, possibly as investors aggressively took profits in tech stocks, concerned that the AI hype may be overheated.

A review of the 4-hour chart of the S&P 500 (US SPX 500 mini on FXOpen) suggests that Friday?s negative sentiment may have begun to ease, as the index is now recovering. Overall, this presents an interesting picture from a price-action perspective.



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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.

Market Insights with Gary Thomson: UK Jobs, US NFP & CPI, and BoJ Rate Call You Cant Ignore

In this video, well explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Lets dive in!

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the week?s most critical events driving global markets.

Key topics covered in this episode:

- UK Unemployment Rate
- US Nonfarm Payrolls and Unemployment Rate
- US Inflation Rate
- BoJ Interest Rate Decision

Gain insights to strengthen your trading knowledge.




Watch it now and stay updated with FXOpen.

Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

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.

EUR/NZD Pulls Back From Its December High


Today the EUR/NZD rate touched the 2.4000 level - the highest reading since late November - but then saw a fairly sharp pullback. Fundamentally, the heightened volatility is driven by a combination of factors.

The euro (EUR) is showing strength because:
→ industrial production in the euro area unexpectedly rose by 0.8% (above forecasts), easing recession fears;
→ the market expects a more measured tone from the European Central Bank amid stabilising data. The meeting will take place on Thursday, 18 December.

On the other hand, the New Zealand dollar (NZD) has come under pressure:
→ a report published on 9 December by the New Zealand Treasury (the Half Year Economic and Fiscal Update) delivered a gloomy outlook: the economic recovery is stalling, and unemployment could rise to 5.5%;
→ prices for dairy products (the country?s main export) are falling, undermining the resilience of the ?kiwi?.

That said, the EUR/NZD chart suggests that the scope for further upside may be limited.



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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.

Market Analysis: GBP/USD Back In Demand as USD/CAD Slides Further


GBP/USD started a fresh increase above 1.3350 and 1.3400. USD/CAD declined and is now consolidating losses below 1.3800.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound is eyeing more gains above 1.3430.
- There is a key bullish trend line forming with support at 1.3390 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD started a fresh decline after it failed to stay above 1.3800.
- There is a connecting bearish trend line with resistance at 1.3780 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3300 level. The British Pound started a steady increase above 1.3350 against the US Dollar, as discussed in the previous analysis.

The pair gained strength above 1.3380 and the 50-hour simple moving average. It even cleared the 1.3400 handle and tested 1.3450. It is now consolidating gains below 1.3430. There was a minor pullback below the 50% Fib retracement level of the upward move from the 1.3354 swing low to the 1.3456 high, and the RSI dipped below 50.

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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.

Tesla (TSLA) Shares Close at a Record High


On Tuesday, 16 December 2025, Tesla shares closed at a new all-time high, breaking above the $488 level.

As a result, TSLA:
→ surpassed its December 2024 peak;
→ is up by roughly 125% from this year?s lows;
→ made Elon Musk the first person in the world whose net worth has exceeded $600 billion.

Why are TSLA Shares Rising?
Elon Musk has officially confirmed that Tesla has begun testing driverless robotaxis in Austin, Texas, without safety monitors in the vehicle. This marks an important step towards the large-scale deployment of the Robotaxi concept.

Despite a decline in electric vehicle sales in November (following the removal of tax incentives by the new US administration), TSLA shares continue to rise as market participants are pricing in Tesla?s potential dominance in artificial intelligence and autonomous transport ? a development that could unlock fundamentally new revenue streams for the company.

Supporting this outlook, several investment banks have raised their price targets for TSLA. For instance, Mizuho analysts lifted their target to $530.



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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.

Sterling Consolidates Ahead of the Bank of England Decision


Sterling is consolidating as markets await the Bank of England?s interest rate decision, while investors? attention is gradually turning to tomorrow?s meeting of the Bank of Japan. The UK currency is moving cautiously, as markets have largely priced in a 25-basis-point cut in the Bank Rate to 3.75% at today?s meeting. Expectations of easing strengthened after UK inflation unexpectedly slowed to 3.2% in November ? the lowest level in recent months and below analysts? forecasts.

Market pricing implies an almost 100% probability of a rate cut, with some participants also factoring in the possibility of further adjustments in 2026 if inflation and labour-market data continue to weaken.

GBP/USD is fluctuating within a narrow range ahead of the announcement, reflecting a balance between pressure on the pound from expected monetary easing and broader market caution before the BoE decision. Consolidation is also evident in GBP/JPY, although the pair remains above key levels around 208.00. Traders are staying cautious ahead of tomorrow?s Bank of Japan meeting, where most forecasts point to a potential 25-basis-point rate hike to 0.75% ? a move that would mark a significant shift in Japanese policy.

Such expectations are supported by recent economist surveys and signs of firmer business sentiment and inflation pressures. A BoJ hike would add further pressure on sterling versus the yen, as higher Japanese yields make the currency more attractive.



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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.