Daily Market Analysis By FXOpen

Markets Await Signals from the Fed


Major currency pairs are showing muted movements as investors await the outcome of today?s Federal Reserve meeting, scheduled for this evening. Market participants are adopting a cautious stance, locking in positions and waiting for the tone of Fed Chair Jerome Powell?s remarks.

Investors are hoping for clearer guidance on the future path of interest rates. Despite inflation remaining above target, signs of slowing economic growth in the US and a cooling labour market are fuelling speculation that a shift in monetary policy could occur in the second half of the year. Markets have already partially priced in a rate cut for September, and any hints from Powell in this direction may put pressure on the dollar and reignite bearish momentum.

EUR/USD has stabilised around 1.1370, showing limited fluctuations ahead of the Fed announcement. GBP/USD is holding above the 1.33400 level, remaining within a narrow range. The pound is consolidating after a volatile start to the week, with future direction likely to be determined by the Fed?s decisions. Today's statement and Powell's press conference may set the tone for currency markets in the weeks ahead. Any indications of a policy shift could trigger higher volatility and increased risk appetite.



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Exploring Different Order Types and Their Uses


In forex, commodities, and stock trading, order types dictate how trades are executed. Mastering these is like learning a new language; it?s essential for navigating the complex world of financial markets. Dive into this article to decode the tools traders rely on daily.

List of Order Types

Understanding order types is a foundational skill. Think of them as the various tools in a trader's toolbox, each serving a unique purpose. Although you are already familiar with order types, you may not know all of them. Here are 18 of the most well-known types of orders in the stock market and beyond.

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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.

Dollar Strengthens Following Fed Verdict


The USD/JPY and USD/CAD currency pairs are showing moderate gains following yesterday?s meeting of the US Federal Reserve. As expected, the American central bank kept its key interest rate unchanged. However, the tone of the accompanying statement and Jerome Powell?s comments were perceived by the market as less dovish than anticipated. Fed officials reaffirmed their willingness to maintain current rates for a longer period until there is clear evidence of easing inflationary pressure. The Fed Chair also noted that recent macroeconomic data does not provide sufficient grounds to begin a rate-cutting cycle in the coming months. These signals supported the US dollar and contributed to corrective moves in major currency pairs.

The USD/JPY pair has strengthened towards the 144.00 mark, reflecting the dollar?s overall resilience amid rising US bond yields. However, market participants remain cautious due to the potential for intervention by Japanese monetary authorities should the yen weaken further. The USD/CAD pair is trading above 1.38, still influenced by moderately weak oil prices and steady demand for the dollar.



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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/USD Trims Gains While USD/CHF Regains Strength


EUR/USD extended losses and traded below the 1.1250 support. USD/CHF is rising and might aim for a move toward the 0.8400 resistance.

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

• The Euro struggled to clear the 1.1380 resistance and declined against the US Dollar.
• There is a key bearish trend line forming with resistance at 1.1240 on the hourly chart of EUR/USD at FXOpen.
• USD/CHF is showing positive signs above the 0.8265 resistance zone.
• There is a connecting bullish trend line forming with support at 0.8300 on the hourly chart at FXOpen.

EUR/USD Technical Analysis


On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.1380 resistance. The Euro started a fresh decline below the 1.1300 support against the US Dollar.

The pair declined below the 1.1250 support and the 50-hour simple moving average. Finally, the pair tested the 1.1200 level. A low was formed at 1.1196 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped.

There was a minor increase toward the 23.6% Fib retracement level of the downward move from the 1.1381 swing high to the 1.1196 low. Immediate resistance on the upside is near the 1.1240 level.

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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: AUD/USD and NZD/USD Ready to Climb Again


AUD/USD is attempting a fresh increase from the 0.6370 support. NZD/USD is also rising and could aim for a move above the 0.5945 resistance.

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

• The Aussie Dollar found support at 0.6370 and recovered higher against the US Dollar.
• There was a break above a key bearish trend line with resistance at 0.6410 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD is consolidating above the 0.5915 support.
• There was a break above a connecting bearish trend line with resistance at 0.5910 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis


On the hourly chart of AUD/USD at FXOpen, the pair formed a base above 0.6420. The Aussie Dollar started a decent increase above the 0.6450 resistance against the US Dollar, as mentioned in the previous analysis.

The pair even cleared 0.6500 before there was a minor pullback. The recent low was formed at 0.6370 and the pair is again rising. The bulls pushed the pair above the 23.6% Fib retracement level of the downward move from the 0.6514 swing high to the 0.6370 low.

Besides, there was a break above a key bearish trend line with resistance at 0.6410. The pair is now consolidating above the 50-hour simple moving average. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near the 0.6440 zone.

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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 Shares (TSLA) Hit Two-Month High


During Friday?s trading session, Tesla shares briefly rose above the $300 mark ? the first time in over two months. Although the daily candle closed below this key psychological level, TSLA still outperformed the broader stock market.

This move was supported by:

→ Investor approval of Elon Musk?s late-April pledge to spend less time on the Department of Government Efficiency (DOGE) and focus more on his role at the company.

→ A recent announcement from the Trump administration regarding a trade deal with the UK, alongside hints that more agreements may follow ? potentially alluding to US-China negotiations.



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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.

Learning from Experienced Traders


Trading education is a multistage process that requires immersion in information and a lot of reading. But that doesn?t mean that it has to be boring. In our article on trader success stories, we?ve already shared some inspiring personal cases of experienced traders and discussed their character and behavioural traits. This FXOpen article covers several techniques used by successful traders that you may have never heard of.

Why Is Trading Education Important?

According to research conducted by SMB Capital, many traders fail due to cognitive biases and a lack of developmental focus. They found that there are only a few platforms for people seeking to improve their knowledge and skills in financial markets.

However, successful trading can be nurtured through structured development programmes such as mentoring and internal universities, as well as internship and training schemes. Leading financial organisations like Tiger Cub and Goldman Sachs cultivate talent and provide opportunities for traders to learn, train, and improve their skills.

One of the most important conclusions made by researchers is that it?s best for an aspiring trader not to try to do this alone. Traders should try looking for training in organisations that actively promote talent development. Additionally, learning from traders who have been working in this field for longer is significantly accelerated by mentoring, coaching, and teamwork.

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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.