Daily Market Analysis By FXOpen

Market Remains Cautious: Euro and Pound Hover Near Support Ahead of Key Data Releases


European currencies remain under pressure and are trading close to key support levels amid cautious sentiment and anticipation of a dense slate of macroeconomic releases. After a sharp decline in previous sessions, the euro and the pound attempted a modest corrective rebound, but the recovery proved limited. The market has shifted into range-bound trading, reflecting a balance between short-covering and a reluctance to increase risk ahead of data yet to be released.

EUR/USD is consolidating after its recent downturn, responding to mixed expectations regarding the euro area economy. The latest figures have reinforced doubts about the sustainability of the recovery, while analysts continue to point to weak momentum in the region?s largest economies and a subdued inflation impulse. In this environment, market participants are in no hurry to return to euro buying, preferring to wait for fresh macro signals that could clarify the outlook for ECB policy.

GBP/USD also remains under pressure despite an attempt at a corrective rise following a sharp sell-off. Expectations for upcoming UK data remain muted: analysts forecast moderate GDP and industrial production growth, which does not provide a solid basis for sterling appreciation. An additional source of uncertainty is the US dollar backdrop. During the session, several US indicators are due, including export and import price data, manufacturing activity indices, as well as speeches by Federal Reserve officials.



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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.

Microsoft (MSFT) Shares Fall Below $460


As the Microsoft (MSFT) share chart shows:
→ yesterdays candle closed below $460 ? the lowest level since early June last year;
→ the decline from the all-time high near $550 has exceeded 16%.

Why MSFT Shares Are Falling
- The downward move may reflect a shift in market sentiment from AI-driven euphoria to a more sober reassessment of the actual returns on investment.
- Investors are locking in profits amid concerns that the company?s current infrastructure spending may not pay off in the near term.

Concerns have been reinforced by media reports of:
→ disappointing sales momentum for its AI products (Microsoft 365 Copilot);
→ intensifying competition, including from Google Gemini and Amazon AWS;
→ rising capital expenditure (forecast at more than $80bn per year).



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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.

EUR/JPY Pulls Back From Record High


As the chart shows, the exchange rate rose above ?185.00 per euro for the first time ever earlier this week. Today, however, a modest pullback is visible, with the Japanese yen strengthening against the euro.

Fundamentally, this move has been supported by a combination of factors, most notably news from Japan. According to media reports, Japan?s Finance Minister, Satsuki Katayama, said that Tokyo could carry out a joint currency market intervention with the United States to support the yen.

In addition, traders are positioning ahead of an important week, during which:
→ the Bank of Japan will announce its interest rate decision;
→ Japan?s parliament may be dissolved to pave the way for snap elections;
→ euro area PMI figures will be released.



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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 Correction Deepens While USD/CAD Refuses to Break


GBP/USD started a fresh decline below 1.3450. USD/CAD is consolidating gains and might aim for a fresh increase above 1.3900.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound started another decline from 1.3500.
- There is a key bearish trend line forming with resistance at 1.3400 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD is showing positive signs above the 1.3880 support zone.
- There is a key bullish trend line forming with support at 1.3890 on the hourly chart at FXOpen.

GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above 1.3500. The British Pound started a fresh decline and traded below 1.3450 against the US Dollar, as discussed in the previous analysis.

The pair even traded below 1.3400 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3340 level. The recent swing low was formed at 1.3339, and the pair is now consolidating losses.



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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.

Top 10 Currencies That Are Considered the Strongest in Asia in 2026


Asia is home to some of the world?s most powerful economies, and this strength is reflected in many Asian countries? currencies. From oil-rich Gulf states to financial hubs like Singapore, the region hosts a diverse mix of currencies that stand out in global markets. These currencies highlight the economic environment, fiscal discipline, and the influence of natural resources.

In this article, we look at the top ten currencies considered the most valuable in Asia in 2026 and the reasons behind their resilience.

The List of Top 10 Currencies That Are Considered the Strongest in Asia in 2026
The currency rate of Asian countries offers insight into their economic health, showing how each nation?s money trades internationally. Stronger currencies typically reflect economic health, resource wealth, or advanced financial systems, while weaker ones may reveal structural challenges.

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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 Price of Gold Rises Above $4,700 for the First Time


At the market open on Monday, 19 January, gold quotes (XAU/USD) formed a bullish gap and moved above the psychological level of $4,660, setting a new all-time high.

Today, 20 January, the market continues to show extremely bullish sentiment ? for the first time ever, the price of gold has climbed to $4,720.

Why Is Gold Rising?
The main bullish driver is geopolitical tension. Following events in Venezuela, attention has shifted to the United States? desire to acquire Greenland (through purchase or other means).

According to media reports:

→ Trump has threatened to impose tariffs on eight European countries that oppose his ambitions regarding Greenland. This further intensifies fears of a potential trade war between the US and Europe.

→ French President Emmanuel Macron has declined an invitation to join the Trump-proposed Gaza Peace Council and is also demonstrating opposition to Trump?s intentions concerning Greenland. In turn, German Chancellor Friedrich Merz stated that he is trying to persuade Macron to soften his response.



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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.

Order Blocks and Breaker Blocks of the Smart Money Concept


Price often reacts around specific zones where large participants have previously placed large orders. Two structures used to frame that behaviour are order blocks and breaker blocks. While they?re often mentioned together, they serve different analytical purposes, especially once market structure shifts.

Understanding the order block vs the breaker block distinction adds context to retracements, failed support or resistance, and continuation moves across timeframes. This article examines how each forms, how they?re applied, and how traders analyse them in markets.

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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.