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Daily Market Analysis By FXOpen in Fundamental_67f83ac065b44

Daily Market Analysis By FXOpen

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The Pound and Euro Reach New Yearly Highs
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Despite global economic instability and Donald Trump?s tariff policy, the EUR/USD and GBP/USD currency pairs are demonstrating upward momentum, reaching new yearly highs.

Today, market participants are focused on the European Central Bank meeting, where significant statements regarding monetary policy are expected. Yesterday, Federal Reserve Chair Jerome Powell highlighted the impact of the tariff policy on the US economy, which added volatility to the currency markets. These events could significantly influence the further movement of major currency pairs, setting a new trajectory for their quotes.

EUR/USD

Following sharp growth last week, EUR/USD has entered a sideways phase between 1.1480?1.1260. If the 1.1260?1.1240 levels continue to act as support, the pair may accumulate potential to resume its upward movement towards the 1.1700?1.1600 range. If 1.1240 is broken to the downside, the downward correction may intensify towards 1.1100?1.1000.

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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.
#1711 - April 17, 2025, 01:23:33 PM

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Ultra-Fast Scalping Strategies in Forex
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Scalping is a high-speed trading strategy that targets quick profits from small price movements. It's a method that appeals to those who want a hands-on, immediate trading experience. This article delves into three of the best 1-minute scalping strategies: Heikin-Ashi Pullback, RSI Extremes, and Stochastic Oscillator Quick Signal, explaining their nuances and applications in a trading environment.

What Is Scalping?

Scalping is a trading strategy focused on capturing small price movements in financial markets. Traders employing this tactic aim to gain several pips ? tiny increments in price ? from each trade, often executing dozens or even hundreds of trades in a single day. Due to the high frequency of trades, transaction costs and speed are significant considerations.

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Disclaimer: 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.
#1712 - April 18, 2025, 10:22:52 AM

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Stock Markets Consolidate Ahead of the Holidays
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A lull is expected on the financial markets today due to a shortened trading week related to the Easter holiday celebrations.

It is reasonable to assume that traders will get a ?breather? after a news-heavy April, which caused a volatile ?shakeout? in the stock markets.

US Stock Markets

On Wednesday, Federal Reserve Chair Jerome Powell was both cautious and somewhat aggressive in his forecasts regarding US monetary policy, stating that Trump?s tariffs could delay the achievement of inflation targets.

In response, US President Donald Trump accused Powell of ?playing politics?, hinting at his possible dismissal.

European Stock Markets

On Thursday, the ECB cut interest rates for the seventh time in the past 12 months, and European Central Bank President Christine Lagarde left the door open for further easing.

Analysts had expected a rate cut from 2.65% to 2.40%, so the financial markets reacted relatively calmly to the ECB?s decision.

Technical Analysis of the S&P 500 Chart (US SPX 500 mini on FXOpen)

On the charts of European and US stock indices today, a narrowing triangle pattern is forming, indicating a balance between supply and demand ? in other words, price is more efficiently factoring in all influencing elements.

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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.
#1713 - April 18, 2025, 11:02:02 AM

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#1714 - Today at 01:27:04 AM

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UnitedHealth (UNH) Share Price Plummets
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UnitedHealth shares crashed by nearly 23% yesterday after the healthcare giant reported weaker-than-expected Q1 2025 results:

→ Earnings per share: actual = $7.20, expected = $7.29
→ Revenue: actual = $109.5bn, expected = $111.5bn

Technical Analysis of UNH Share Chart

As far back as a year ago, we highlighted key support around the $450 level. Yesterday?s negative news caused this support to once again demonstrate its strength by holding back further decline ? but will it hold?

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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.
#1714 - April 18, 2025, 11:36:14 AM

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Market Analysis Techniques for Traders
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Navigating the financial markets demands a strong toolkit of analysis techniques. This comprehensive article introduces traders to key market analysis methods, ranging from fundamental and technical analysis to more specialised approaches like price action and quantitative methods.

You can pair your learning with FXOpen?s free TickTrader platform to gain the deepest understanding of these techniques. There, you will find the price charts, drawing tools, and indicators necessary for many of these market analysis methods.

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Disclaimer: 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.
#1715 - April 21, 2025, 06:38:39 AM

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Market Analysis: Gold Extends Record Run, WTI Crude Oil Rebound in Tandem
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Gold price started a fresh surge above the $3,250 resistance level. WTI Crude oil prices climbed higher above $60.00 and might extend gains.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

  • Gold price started a fresh surge and traded to a new record high at $3,384 against the US Dollar.
  • A key bullish trend line is forming with support at $3,322 on the hourly chart of gold at FXOpen.
  • WTI Crude oil prices started a recovery wave above the $60.00 and $61.50 resistance levels.
  • There was a break below a connecting bullish trend line with support at $63.00 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price formed a base near the $3,200 zone. The price started a steady increase above the $3,250 and $3,280 resistance levels.

There was a decent move above the 50-hour simple moving average and $3,350. The bulls pushed the price above the $3,380 resistance zone. A new record high was formed near $3,384 and the price is now consolidating gains.

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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.
#1716 - April 21, 2025, 07:17:33 AM

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Coca-Cola Company (KO) Shares Trade Near All-Time High
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Stock market charts indicate that from the start of last week?s trading through to its close:

→ The S&P 500 Index (US SPX 500 mini on FXOpen) declined by approximately 3%;
→ Pepsico (PEP) shares dropped by more than 1%;
→ Coca-Cola Company (KO) shares rose by around 2.4%.

Why Aren?t Coca-Cola Shares Falling?

The relatively strong performance of Coca-Cola (KO) shares compared to the broader market and its main competitor may be attributed to the fact that Coca-Cola operates a concentrate production facility in Atlanta, USA. In contrast, Pepsico?s equivalent production is based in Ireland. This gives Coca-Cola a potential advantage under the tariff policies pursued by the Trump administration.

Incidentally, according to media reports, Diet Coke is the favourite drink of the US President.

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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.
#1717 - April 21, 2025, 09:53:54 AM

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Unveiling Market Sentiment in Trading
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Understanding the market's pulse can offer traders a significant edge. The market is driven by human psychology, and by grasping the prevailing mood, traders can position themselves more effectively.

This article will delve into various methods and indicators that offer insights into market sentiment analysis trading, from media scanning and expert opinions to economic and market-specific indicators.

What Is Market Sentiment?

Market sentiment refers to the prevailing mood or emotional tone that traders and investors exhibit toward a specific financial asset or the market as a whole. It serves as a qualitative measure that captures collective attitudes toward market conditions ? optimistic, pessimistic, or neutral.

This sentiment is often influenced by various factors such as economic indicators, news, and trader psychology. Understanding market sentiment is crucial because it can help anticipate market trends, offering insights that purely quantitative indicators sometimes overlook.

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Disclaimer: 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.
#1718 - April 22, 2025, 08:30:45 AM

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USD/JPY Analysis: Exchange Rate Falls Below 140 Yen per Dollar Today
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As shown on the USD/JPY chart today, the exchange rate between the US dollar and Japanese yen has fallen below 140 yen per dollar ? marking the first time this has occurred in 2025. Since the beginning of the year, the rate has dropped by approximately 11%.

Among the main driving factors is the White House's tariff policy, which has triggered a sell-off in US government bonds and a weakening of the dollar. One of the more recent developments includes the release of the Consumer Price Index report by the Bank of Japan, which revealed that the CPI remained steady at 2.2%, despite analysts (according to ForexFactory) forecasting a rise to 2.4%.

It?s possible that, due to the lack of inflationary pressure in Japan, the yen is in a relatively stronger position compared to the US currency, where concerns persist that trade wars and Trump?s push for lower interest rates may lead to a spike in inflation and a devaluation of the dollar.

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#1719 - April 22, 2025, 08:38:34 AM

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Tesla Shares (TSLA) Drop Nearly 6% Ahead of Quarterly Report
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On Monday, Tesla?s share price fell by almost 6%, dipping below $230 and hovering near its yearly low. Since the beginning of 2025, Tesla shares have lost approximately 44% in value, marking their worst quarter since 2022.

Why Is TSLA Falling?

There is no shortage of investor concerns, including (as reported by various media outlets):

→ Elon Musk?s involvement with the Trump administration, which is said to be distracting him from focusing on Tesla, particularly as signs emerge of slowing progress in the development of robotaxis and autonomous driving technology.

→ A decline in demand ? both for the Cybertruck model specifically and the product line in general ? especially amid protests and boycotts across the US and Europe. Tesla previously reported 336,681 vehicle deliveries in Q1, down 13% compared to the same period last year.

→ Increased competition from Chinese carmakers, uncertainty around international trade tariffs, and other contributing factors.

According to The Wall Street Journal, analysts at Barclays and Oppenheimer have voiced concerns about ?brand dilution? and weakness in China, while Dan Ives of Wedbush is hopeful for an ?inspirational vision? from Elon Musk.

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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.
#1720 - April 22, 2025, 10:14:47 AM

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#1721 - Today at 01:27:04 AM

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Creating a Balanced Investment Portfolio
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In the vast realm of trading, where platforms like FXOpen play a pivotal role, strategy and skill stand paramount. As the age-old adage goes, 'Don't put all your eggs in one basket.' In the context of trading, this underscores the significance of diversification. Enter the concept of a balanced investment portfolio - an excellent balanced portfolio example, which emerges as an oasis of hope amidst the unpredictable dunes of market volatility.

Understanding the Importance of a Balanced Investment Portfolio

To achieve a balanced investment portfolio, it's crucial to consider the balance of individual components, especially forex, CFDs, stocks, and bonds. For example, a stock portfolio balance refers to the proportion of stocks in relation to other investment types. This balance is pivotal, as stocks often carry higher risks but also higher potential rewards. By understanding their own risk tolerance and learning how to balance portfolio assets effectively, traders can determine the ideal portfolio balance that meets their specific objectives.

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Disclaimer: 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.
#1721 - April 23, 2025, 08:22:59 AM

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Market Analysis: EUR/USD Dips From Highs, USD/JPY Eyes Fresh Increase
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EUR/USD declined from the 1.1570 resistance and traded below 1.1470. USD/JPY is rising and might gain pace above the 142.45 resistance.

Important Takeaways for EUR/USD and USD/JPY Analysis Today

  • The Euro started a fresh decline after a strong surge above the 1.1500 zone.
  • There was a break below a key bullish trend line with support at 1.1440 on the hourly chart of EUR/USD at FXOpen.
  • USD/JPY climbed higher above the 141.00 and 141.65 levels.
  • There was a break above a connecting bearish trend line with resistance at 141.20 on the hourly chart at FXOpen.

EUR/USD Technical Analysis
Daily Market Analysis By FXOpen in Fundamental_K6gaWUf

On the hourly chart of EUR/USD at FXOpen, the pair rallied above the 1.1500 resistance zone before the bears appeared. The Euro started a fresh decline and traded below the 1.1500 support zone against the US Dollar.

There was a break below a key bullish trend line with support at 1.1440. The pair declined below 1.1410 and tested the 1.1310 zone. A low was formed near 1.1308 and the pair started a consolidation phase. There was a minor recovery wave above the 1.1370 level.

The pair climbed above the 23.6% Fib retracement level of the downward move from the 1.1573 swing high to the 1.1308 low. EUR/USD is now trading below 1.1440 and the 50-hour simple moving average.

On the upside, the pair is now facing resistance near the 1.1410 level. The next key resistance is at 1.1440 and the 50% Fib retracement level of the downward move from the 1.1573 swing high to the 1.1308 low.

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#1722 - April 23, 2025, 08:28:29 AM

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Market Volatility Continues to Rise
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Amid global economic instability and escalating tariff tensions, the EUR/USD and GBP/USD currency pairs are showing strong growth. Following statements by Donald Trump regarding the potential dismissal of Federal Reserve Chair Jerome Powell, pressure on the US dollar is intensifying. This is creating favourable conditions for the strengthening of the euro, the Japanese yen, and the British pound.

President Trump has repeatedly criticised Jerome Powell?s approach to monetary policy, accusing him of excessive caution and a lack of flexibility in cutting interest rates. According to the White House administration, the Fed?s current stance hinders economic growth and weakens the dollar?s position in global markets. These remarks are causing concern among investors and increasing volatility in currency markets, supporting the rise of other currencies against the dollar.

GBP/USD
Daily Market Analysis By FXOpen in Fundamental_NJWHuxH
At the start of the week, GBP/USD buyers managed to push the pair to new yearly highs, testing the key resistance level at 1.3400. The price briefly traded above 1.3400, but a sharp pullback from 1.3420 allowed sellers to form a bearish ?dark cloud cover? pattern. Technical analysis of GBP/USD suggests a potential downward correction following the recent rapid rise. Should the pair consolidate below 1.3200, the decline could extend towards the 1.3160?1.3100 range.

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#1723 - April 23, 2025, 08:34:05 AM

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Alphabet (GOOGL) Shares Hover Near Psychological Level Ahead of Earnings Report
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On 31 March, we noted that bearish sentiment could push Alphabet?s (GOOGL) share price towards the psychological level of $150. As the current price chart suggests, GOOGL is now trading close to that very level.

Moreover, the price is approximately equidistant from the recent highs and lows (marked A and B), which may be interpreted as a sign of balanced supply and demand ? and a wait-and-see stance from market participants ahead of Alphabet?s Q1 earnings release (scheduled for tomorrow, 24 April).

Awaiting the GOOGL Earnings Report

With the Nasdaq 100 index (US Tech 100 mini on FXOpen) having fallen by around 13.5% since the beginning of the year, investors are approaching tech earnings with caution. According to Barron?s, three key themes are expected to dominate the narrative:

→ management forecasts amid continued uncertainty around the White House?s tariff policy;
→ plans for major capital investment in AI-related infrastructure;
→ signs of softening consumer demand.

Given the current climate of uncertainty, Alphabet?s earnings report could prove particularly influential ? serving as a benchmark for shaping market expectations ahead of other major tech company reports.

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#1724 - April 23, 2025, 10:42:06 AM

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Gold Price Plunges After Climbing to $3,500 for the First Time
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As the XAU/USD chart shows:
→ Yesterday, the spot gold price stopped just a few cents short of the key psychological level of $3,500 (and even exceeded it on the futures market);
→ But this morning, an ounce is trading around $3,300, having dropped aggressively by more than 5%.

Why Did Gold Suddenly Drop?

The sharp decline followed a shift in rhetoric from President Trump. According to Reuters:
→ The US President backed away from threats to dismiss Federal Reserve Chair Jerome Powell;
→ He also signalled a more moderate stance on tariffs against China.

Market participants interpreted this as a reason to take profits on long positions, as the softened tone from the White House reduced demand for safe-haven assets. As a result, gold collapsed from its historic high, while the US dollar index rebounded from multi-month lows.

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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.
#1725 - April 23, 2025, 11:08:02 AM

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