Daily Market Analysis By FXOpen

Posts: 2406 · #1726 - April 24, 2025, 12:05:17 PM

Algorithmic Trading Overview
Daily Market Analysis By FXOpen in Fundamental_5oX0omK

Algorithmic trading is an essential component in today's financial markets, automating trading to improve efficiency and profitability. This article explores the intricacies of algorithmic trading, from how it works to its benefits and drawbacks, providing a comprehensive overview for traders.

What Is Algorithmic Trading?

Algorithmic trading uses computer programs to carry out trades in financial markets. It offers a modern approach that combines quantitative analysis, programming, and market expertise. Essentially, it automates the trading process, allowing for pre-defined rules and conditions to trigger buying or selling actions. While the concept may sound complex, its core function is to improve trading efficiency and potentially enhance profitability. Moreover, its utility extends across various asset classes, from equities and commodities to forex and derivatives.

Both individual and institutional traders employ algorithmic trading to capitalise on market opportunities that may unfold too quickly for human traders to seize.

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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.

Posts: 2406 · #1727 - April 24, 2025, 12:12:04 PM

The US Dollar Retraces Amid Rumours of Potential Tariff Reductions for China
Daily Market Analysis By FXOpen in Fundamental_JaMvK3t

Recent US data points to improvement in the manufacturing sector: the Purchasing Managers? Index (PMI) reached 50.7, exceeding forecasts. However, both the composite index and the services PMI came in below expectations.

Particular attention is being drawn to discussions within the White House regarding a potential reduction in tariffs on Chinese imports ? a move that could significantly impact trade relations and support a strengthening of the US dollar.

Moreover, speculation regarding the resignation of Federal Reserve Chair Jerome Powell appears to have been exaggerated, which could also be perceived as a bullish signal for the USD. Together, these factors set the stage for an upward correction in currency pairs such as USD/JPY and USD/CAD.

USD/JPY
Having narrowly missed revisiting last year?s lows near 139.60, the USD/JPY pair reversed course and at one point yesterday traded above 143.00. On the daily timeframe, a bullish ?piercing pattern? is potentially forming. Technical analysis suggests there may be room for continued upward correction towards the 145.00?145.50 region. A resumption of the downward trend may only be considered upon a firm break below the 140.00 level.

Daily Market Analysis By FXOpen in Fundamental_DWKZSf0

Daily Market Analysis By FXOpen in Fundamental_DWKZSf0

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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.

Posts: 2406 · #1728 - April 24, 2025, 12:20:03 PM

IBM Share Price Falls Following Earnings Report
Daily Market Analysis By FXOpen in Fundamental_ZBvMONA

Yesterday, after the close of the main trading session, International Business Machines (IBM) released its Q1 earnings report, exceeding Wall Street analysts? expectations in several key areas. According to FactSet:

→ Earnings per share came in at $1.60 (forecast = $1.42), although this was below last year?s figure of $1.68.
→ Quarterly revenue reached $14.54 billion (forecast = $14.39 billion), marking a 1% increase year-on-year.

Initially, IBM shares rose on the news, but then dropped by approximately 6% during after-hours trading, according to Google Finance.

This suggests that today?s trading session may see IBM shares open below the $230 mark.

Market participants may have been disappointed by the following:

→ IBM?s mainframe business (large-scale computing systems designed for high-volume data processing) continued its decline, falling by 6% year-on-year.
→ Revenue from software and consulting divisions increased, but only by 3% compared to the same period last year.
→ The revenue forecast for Q2 stands at $6.6 billion ? a 3% decline relative to the same quarter in 2024.

Daily Market Analysis By FXOpen in Fundamental_Y8MRu5S

Daily Market Analysis By FXOpen in Fundamental_Y8MRu5S

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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.

#1729 - **Today** at 02:12:28 AM

Posts: 2406 · #1729 - April 24, 2025, 12:25:53 PM

USD/CHF Rebounds from Multi-Year Low
Daily Market Analysis By FXOpen in Fundamental_9IuxLgk

As the charts show, the USD/CHF exchange rate fell below 0.810 US dollars per franc earlier this week. The pair had not traded this low since the 2008 financial crisis. Demand for the Swiss franc as a safe-haven currency was driven by concerns over the escalation of the trade war between the United States and other major economies.

However, the USD/CHF pair has since rebounded and is currently trading above 0.825. This recovery was supported by yesterday?s statement from Finance Minister Bessent at the JPMorgan Private Investors Conference, where he expressed optimism about imminent de-escalation in trade tensions with China.

Daily Market Analysis By FXOpen in Fundamental_3xQreDE

Daily Market Analysis By FXOpen in Fundamental_3xQreDE

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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.

Posts: 2406 · #1730 - April 25, 2025, 09:41:28 AM

Thriving in Volatile Market Conditions
Daily Market Analysis By FXOpen in Fundamental_3rCIW3P

Navigating financial markets often involves confronting periods of high volatility. For traders, the question invariably arises: what is the best way to deal with volatility? This article aims to provide a comprehensive overview of understanding market volatility, managing risks, choosing appropriate trading styles, and utilising key analytical tools to help traders survive and thrive in volatile conditions.

The Meaning of Market Volatility

Market volatility refers to the degree of variation in a financial instrument's price over a specific time frame. Simply put, it's the measure of how wildly or moderately the price of an asset, such as a stock, currency, or commodity, fluctuates.

Several factors contribute to market volatility. Macroeconomic indicators like inflation rates, unemployment data, and geopolitical events can send ripples through the market. Furthermore, company-specific news, such as earnings reports and mergers, can result in sharp price swings. Understanding volatility is essential for traders because it directly impacts the risk and reward profile of any trade.

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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.

Posts: 2406 · #1731 - April 25, 2025, 09:55:16 AM

Why Coinbase (COIN) Shares Are Rising
Daily Market Analysis By FXOpen in Fundamental_mqPokFK

As the Coinbase (COIN) stock chart shows, trading closed yesterday above the $200 mark ? for the first time since March.

Since the beginning of April, COIN's share price has risen by nearly 20%, while the S&P 500 index (US SPX 500 mini on FXOpen) has declined by approximately 2%.

Bullish Drivers Behind COIN?s Price Rise

According to media reports, several factors are contributing to the bullish momentum:

→ Yesterday?s announcement that Coinbase and PayPal are expanding their partnership in the areas of crypto payments and decentralised finance (DeFi). The collaboration aims to increase the adoption of the PYUSD stablecoin and integrate it into merchant settlements.

→ The anticipated adoption of US stablecoin legislation, designed to establish a regulatory framework for the use of stablecoins. This is being supported by the Trump administration?s progressive stance on cryptocurrencies, including the appointment of crypto-friendly officials, the creation of a strategic crypto reserve, and other pro-crypto initiatives.

Daily Market Analysis By FXOpen in Fundamental_RPrPqjN

Daily Market Analysis By FXOpen in Fundamental_RPrPqjN

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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.

Posts: 2406 · #1732 - April 25, 2025, 10:00:01 AM

USD/CAD Consolidates
Daily Market Analysis By FXOpen in Fundamental_eQWFOW3

In the second half of April, the USD/CAD chart has shown a decline in volatility following significant spikes observed since February.

The Canadian dollar has stabilised against the US dollar within the 1.390?1.380 range over the past week, as market participants assess what a fair USD/CAD rate might be, given the evolving news backdrop:

→ The US dollar gained upward momentum on hopes of easing trade tensions between the US and China, although the information remains conflicting ? Trump claims negotiations are ongoing, while Beijing denies this.

→ Oil prices ? a key Canadian export ? have recovered by more than 10% from their April lows, providing support for the Canadian dollar.

→ Economic data published this week suggests a cooling in the Canadian economy: employment is declining, and the pace of average wage growth has slowed to 5.4%.

→ Although an important political event ? the Canadian Parliamentary elections ? is set to take place this weekend, it appears to have had little impact on the USD/CAD exchange rate so far. Trade tariffs between the US and Canada likely remain the dominant concern.

Daily Market Analysis By FXOpen in Fundamental_Vxw3tW3

Daily Market Analysis By FXOpen in Fundamental_Vxw3tW3

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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.

Posts: 2406 · #1733 - April 28, 2025, 08:54:45 AM

What Is the Smart Money Concept?
Daily Market Analysis By FXOpen in Fundamental_Z2gDAvP

In forex trading, gaining insight into the behaviour of powerful market participants?such as banks, hedge funds, and other institutional investors?can offer a major edge to retail traders. Commonly referred to as "smart money," these players often drive the market?s biggest moves. In this FXOpen article, we explore the Smart Money Concept in detail, uncovering how institutional strategies shape price action and how retail traders can use this knowledge to refine their own trading approach.

Understanding the Smart Money Concept

The Smart Money Concept (SMC) centres on the principle that the movements of large institutional investors in financial markets can offer valuable clues to retail traders about future market trends.

These institutional investors, often referred to as ?smart money,? include banks, hedge funds, and investment firms, wielding significant capital power to influence market directions. The core of SMC lies in the belief that by observing and understanding the trading behaviours and patterns of these entities, retail traders can align their trading strategies to potentially tap into more favourable results.

In essence, SMC is not merely about following the ?money? but understanding the strategic placements and movements of these large volumes of capital. Institutional investors typically conduct extensive research and possess a deep understanding of the market dynamics before making substantial trades.

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.

Posts: 2406 · #1734 - April 28, 2025, 09:23:15 AM

S&P 500 Chart Analysis Ahead of the Busiest Week of Earnings Season
Daily Market Analysis By FXOpen in Fundamental_lYbPKSp

Despite the fact that President Trump?s earlier decision to impose tariffs (at higher rates than expected) shook the stock markets, the S&P 500 index (US SPX 500 mini on FXOpen) could still end April without significant losses (currently trading less than 2% below the month?s opening level) or even achieve a positive result.

According to media reports, around 180 S&P 500 companies are expected to release their quarterly earnings this week, including Apple (AAPL), Amazon (AMZN), Coca-Cola (KO), Eli Lilly (LLY), Meta (META), Microsoft (MSFT), and Chevron (CVX).

The share prices of these major companies ? some of the largest by market capitalisation ? could have a substantial impact on the S&P 500 index chart (US SPX 500 mini on FXOpen), given that their combined weight accounts for approximately a quarter of the index calculation.

Daily Market Analysis By FXOpen in Fundamental_BoExDyi

Daily Market Analysis By FXOpen in Fundamental_BoExDyi

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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.

Posts: 2406 · #1735 - April 28, 2025, 09:43:07 AM

An Important Bullish Pattern Forms on the NIO Share Price Chart
Daily Market Analysis By FXOpen in Fundamental_iL04qSy

Today, the share price of NIO Inc. (NIO), a Chinese manufacturer of "smart" electric vehicles, is trading above $4 ? a development that may be viewed as an optimistic scenario following the drop to $3 in the first half of April, marking the lowest level in nearly five years.

Why Has NIO?s Share Price Risen?

Bullish sentiment has been supported by news that the company: → increased vehicle deliveries by 40.1% compared to the same period last year; → is launching its premium ET9 model, expanding its range of offerings.

Additionally, news offering hope that high tariffs in international trade may not hinder the company's growth has also had a positive impact on NIO?s share price.

Daily Market Analysis By FXOpen in Fundamental_3tSJjkV

Daily Market Analysis By FXOpen in Fundamental_3tSJjkV

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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.

#1736 - **Today** at 02:12:28 AM

Posts: 2406 · #1736 - April 29, 2025, 09:16:55 AM

Four 1-Minute Strategies for Scalpers
Daily Market Analysis By FXOpen in Fundamental_eeIZGnA

Scalping is all about speed, precision, and quick decision-making. For traders who thrive in fast-paced environments, 1-minute strategies offer a way to engage with the market. But with such a short timeframe, trading requires a clear plan and sharp execution. In this article, we?ll explore four 1-minute scalping strategies and the tools and indicators that support them for navigating the high-intensity world of ultra-short-term trading.

Understanding 1-Minute Scalping

1-minute scalping is a fast-paced trading style focusing on taking advantage of small price movements within a minute timeframe. Traders using this approach rely on 1-minute charts to make quick, multiple trades throughout the trading session. The primary goal is to accumulate potential small gains that might add up to larger returns over time.

A scalp trading strategy requires a solid understanding of technical analysis and market conditions. Scalpers typically use indicators, price action patterns, and trend analysis to identify short-term market movements and potential entry and exit points. The rapid nature of 1-minute scalping demands precision and discipline, as even a slight delay can impact the trade outcome.

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.

Posts: 2406 · #1737 - April 29, 2025, 09:22:04 AM

AUD/USD Consolidates Gains While NZD/USD Dips
Daily Market Analysis By FXOpen in Fundamental_96fVwmB

AUD/USD is consolidating gains near the 0.6420 zone. NZD/USD is trimming gains and struggling to stay above the 0.5945 pivot zone.

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

The Aussie Dollar started a downside correction from 0.6450 against the US Dollar.
There was a break above a key bearish trend line with resistance near 0.6400 on the hourly chart of AUD/USD at FXOpen.
NZD/USD is declining from the 0.6030 resistance zone.
There is a major bearish trend line forming with resistance near 0.5970 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis
Daily Market Analysis By FXOpen in Fundamental_872cJ1j

On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6345 support. The Aussie Dollar was able to clear the 0.6375 resistance to move into a positive zone against the US Dollar.

There was also a move above the 0.6400 resistance and the 50-hour simple moving average. There was also a break above a key bearish trend line with resistance near 0.6400. Finally, the pair tested the 0.6450 zone. A high was formed near 0.6450 and the pair is now correcting gains.

There was a move below the 0.6420 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6367 swing low to the 0.6449 high.

On the downside, initial support is near the 0.6400 level. It is close to the 61.8% Fib retracement level of the upward move from the 0.6367 swing low to the 0.6449 high. The next major support is near the 0.6360 level.

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.

Posts: 2406 · #1738 - April 30, 2025, 09:14:20 AM

How to Trade Crude Oil
Daily Market Analysis By FXOpen in Fundamental_nbrCgsU

Learning how to trade crude oil requires a nuanced understanding of its fundamental aspects, instruments, and trading strategies. This comprehensive article offers insights into the critical elements that affect crude oil prices, the range of instruments available for trading, and specific strategies traders use in this market.

The Basics of Crude Oil
Crude oil, often referred to as "black gold," is a fossil fuel derived from the remains of ancient organic matter. It serves as a crucial raw material for various industries, including transportation, chemicals, and manufacturing.

Two primary types of crude oil traded on global markets are West Texas Intermediate (WTI) and Brent Crude. WTI is primarily sourced from the United States and is known for its high quality and low sulphur content. On the other hand, Brent Crude originates mainly from the North Sea and serves as an international pricing benchmark.

The Organization of the Petroleum Exporting Countries (OPEC), which includes members like Saudi Arabia, Iran, and Venezuela, plays a pivotal role in determining global oil supply. By adjusting production levels, OPEC influences crude oil prices significantly. Additionally, other countries like Russia and the United States contribute to the world's oil supply, further affecting market dynamics.

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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.

Posts: 2406 · #1739 - April 30, 2025, 09:54:09 AM

Oil Prices: April Could Be the Worst Month in Three and a Half Years
Daily Market Analysis By FXOpen in Fundamental_uPcsA7B

As the XTI/USD chart shows:
→ at the beginning of April, WTI crude was trading above $71 per barrel;
→ this morning, on the last day of the month, the price has fallen below $60.

The overall decline may reach 16% ? the worst monthly performance since November 2021.

Why Is Oil Falling?

The primary driver behind the sharp drop in oil prices earlier this month was the introduction of new US tariffs, particularly targeting China and the EU. This raised concerns that a potential global trade war could slow economic growth and, in turn, reduce global oil demand.

According to a Reuters poll, the tariffs imposed by Trump have made a global recession in 2025 a realistic risk.
In addition, growing attention is being paid to OPEC+ and its plans to increase oil production. The next meeting is scheduled for 5 May.

Daily Market Analysis By FXOpen in Fundamental_uFAWLdw

Daily Market Analysis By FXOpen in Fundamental_uFAWLdw

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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.

Posts: 2406 · #1740 - April 30, 2025, 10:23:53 AM

The Pound and Euro Edge Higher Ahead of Key Macroeconomic Data
Daily Market Analysis By FXOpen in Fundamental_nQbwdFx

The EUR/USD and GBP/USD currency pairs are showing moderate gains amid a consolidation of market expectations ahead of the release of crucial macroeconomic indicators. Tomorrow, investor focus will shift to data on inflation, consumer spending trends, and manufacturing sector activity?figures that could significantly reshape expectations for monetary policy in the world's leading economies. Heightened speculative activity ahead of these releases is contributing to increased market volatility and may trigger a retest of local highs and lows in major currency pairs.

GBP/USD
Daily Market Analysis By FXOpen in Fundamental_DJ672Hg

Daily Market Analysis By FXOpen in Fundamental_DJ672Hg

At the start of the trading week, GBP/USD buyers managed to test the 2024 highs near 1.3440. A pullback from last year?s peak has resulted in the formation of a bearish ?Harami? candlestick pattern on the daily chart. If the pair fails to hold above the 1.3370?1.3340 range, a downward correction may unfold towards the 1.3200?1.3100 zone. Conversely, a break above 1.3440 could reignite bullish momentum.

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.

Daily Market Analysis By FXOpen

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