Daily Market Analysis By FXOpen

META Share Price Rises Cautiously Ahead of Earnings Report


As shown on the Meta Platforms (META) chart, the share price rose by approximately 1% yesterday. This movement was supported by the announcement of the launch of the Meta AI app?an artificial intelligence-based application that will function as a personal assistant on mobile phones (similar to Google Gemini).

In a different market environment, the news might have prompted a more positive reaction. However, traders currently appear to be exercising caution, as Meta Platforms (META) is due to report its quarterly results after the close of the main trading session today. According to media reports, expectations include:

→ Revenue in the range of $41.35?$41.5 billion, which implies a year-on-year increase of roughly 13?14%.
→ Earnings per share (EPS) between $5.22 and $5.29, indicating a 11?12% rise compared to the same period last year.

Key Factors in Meta?s Quarterly Report

The following areas are likely to have a significant impact on META's share price in the wake of the report:

→ Advertising business, Meta?s primary revenue stream (around 96%). There is a possibility that US tariff policies could prompt major Chinese advertisers?such as Temu?to reduce their advertising spend in the United States.

→ Investment in Artificial Intelligence (AI) and Augmented Reality. Market participants may revise their valuation of the stock downwards if there are lingering concerns over the long-term return on these investments.

→ Forward guidance on revenue and earnings for the next quarter and full year 2025. These forecasts will carry particular weight in an environment of elevated uncertainty linked to US trade policy.

Most Wall Street analysts maintain a ?Buy? rating on Meta shares. However, some have lowered their price targets in April, noting that the stock has lost roughly a third of its value since its all-time high in February.



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GBP/USD Corrects Gains While USD/CAD Dips


GBP/USD started a downside correction from the 1.3450 zone. USD/CAD declined and now consolidates below the 1.3850 level.

Important Takeaways for GBP/USD and USD/CAD Analysis Today

• The British Pound rallied above 1.3200 and 1.3320 before the bears appeared.
• There is a key bearish trend line forming with resistance at 1.3375 on the hourly chart of GBP/USD at FXOpen.
• USD/CAD started a fresh decline after it failed to clear the 1.3900 resistance.
• There is a major bearish trend line forming with resistance at 1.3815 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 1.3200 level. The British Pound started a steady increase above the 1.3320 resistance zone against the US Dollar, as discussed in the previous analysis.

The pair even cleared 1.3400 before the bears appeared. A high was formed at 1.3443 before there was a downside correction. There was a move below the 1.3400 and 1.3350 levels.

A low was formed at 1.3301 and the pair is now consolidating losses. On the upside, the pair is facing resistance near the 1.3335 level and the 23.6% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 low.

The next key resistance near the 1.3375 level. There is also a key bearish trend line forming with resistance at 1.3375. The trend line is near the 50% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 low.

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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) Share Price Jumps Nearly 9% ? What?s Next?


As the chart shows, Microsoft (MSFT) shares surged sharply, forming a large bullish gap: while trading closed around $391 on 30 April, yesterday?s candlestick closed just below the $425 mark.

What Drove the Rally in Microsoft Shares?
Microsoft released its financial results for the first quarter of 2025, exceeding Wall Street expectations on both revenue (actual = $70.1 billion, 2.4% above forecasts) and earnings per share (actual = $3.46, 7.4% above forecasts).

Particular attention was drawn to the strong performance of Azure ? revenue from Azure and other cloud services soared by 33% year-on-year. A significant part of this growth was fuelled by robust demand for artificial intelligence services, which helps ease concerns about the return on large-scale infrastructure investments related to AI.

In addition, Microsoft issued an upbeat outlook for the next quarter, which ultimately triggered the sharp rise in its share price.



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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: Gold Dips Further and WTI Crude Oil Tumbles


Gold price started a fresh decline below $3,300. WTI Crude oil is down over 10% and remains at risk of more losses.

Important Takeaways for Gold and WTI Crude Oil Price Analysis Today

• Gold price climbed higher towards the $3,350 zone before there was a sharp decline against the US Dollar.
• A key bearish trend line is forming with resistance near $3,270 on the hourly chart of gold at FXOpen.
• WTI Crude oil prices extended downsides below the $60.00 support zone.
• A major bearish trend line is forming with resistance near $57.25 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis


On the hourly chart of Gold at FXOpen, the price climbed above the $3,250 resistance. The price even spiked above $3,300 before the bears appeared.

A high was formed near $3,352 before there was a fresh decline. There was a move below the $3,300 support level. The bears even pushed the price below the $3,250 support and the 50-hour simple moving average.

It tested the $3,200 zone. A low has formed near $3,203 and the price is now showing bearish signs. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low.

However, the bears are active below $3,270. Immediate resistance is near $3,270. There is also a key bearish trend line forming with resistance near $3,270.

The next major resistance is near the $3,295 zone and the 61.8% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low. The main resistance could be $3,352, above which the price could test the $3,400 resistance. The next major resistance is $3,500.

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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.

Buffett Steps Down, Berkshire Shares (BRK.B) Pull Back from Record High


Berkshire Hathaway has released its quarterly report, which came in slightly below analysts? expectations:
→ Earnings per share: actual = $4.46, forecast = $4.72
→ Revenue: actual = $90.8bn, forecast = $89.7bn

However, the bigger news was not the weaker results, but the decision of legendary 94-year-old Warren Buffett to step down as head of the company after nearly 60 years in charge. According to Reuters:
→ Vice Chairman Greg Abel will take over leadership;
→ Buffett will still influence decisions and has said he does ?not intend to sell a single share of Berkshire?.

In pre-market trading today, BRK.B shares are priced around $526, compared to Friday?s close above $541, which marked a historic high. The decline suggests a natural negative reaction by market participants to the news.



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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: 5 - 9 May

Market Insights with Gary Thomson: Fed and BoE Rate Decisions, Canada Jobs, Earnings Reports

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? BoE?s Interest Rate Decision
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? Corporate Earnings Statements

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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.

Apple Shares (AAPL) Drop Below $200


Late last week, Apple released a quarterly report that beat analysts? expectations:
→ Earnings per share: actual = $1.65, forecast = $1.63
→ Revenue: actual = $95.36bn, forecast = $94.5bn

However, today AAPL stock price is below the psychological $200 mark, over 7% lower than last week?s high (point E).

Why did AAPL shares fall?

According to media reports, investors were concerned about weaker-than-expected services revenue and disappointing sales in China. These factors have renewed fears that the ongoing US?China trade tensions could have a deeper impact on Apple going forward.

Bearish sentiment may also have been amplified by Warren Buffett?s decision to step down as head of Berkshire Hathaway ? as we noted yesterday ? since his company is one of Apple?s major shareholders.



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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.

Choosing the Right Timeframe for Day Trading


In the fast-moving realm of financial markets, comprehending and evaluating price fluctuations is imperative for achieving success in trading. Technical analysis centres on delving into historical market data, primarily focusing on price and volume, to anticipate future shifts. In the domain of technical analysis, the examination of timeframes assumes a pivotal role, furnishing traders with invaluable insights into market dynamics and the identification of trends. This article aims to delve into optimal time periods for intraday trading and illuminate the utilisation of multiple timeframes.

What Is a Day Trading Timeframe?

A timeframe denotes the trading duration symbolised by each candlestick or bar on a price chart. It signifies the length of time encompassed within a single data point, such as 1 minute, 5 minutes, 15 minutes, and so forth. Timeframes hold paramount importance for traders, as they present diverse vantage points of market movements and enable a meticulous analysis of price behaviour across varying levels of granularity.

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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.