Daily Market Analysis By FXOpen

Posts: 2404 · #1816 - May 30, 2025, 10:28:31 AM

XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300
Daily Market Analysis By FXOpen in Fundamental_gold

Throughout May, a turbulent news backdrop ? involving both international trade tariffs and armed conflicts ? led to the formation of a peak around $3,430 and a low near $3,130 on the XAU/USD chart. As of today, the price per ounce stands around $3,300 ? roughly the same level as at the beginning of the month.

This suggests that supply and demand forces are largely balanced, keeping the price contained between these extremes. The XAU/USD chart provides further confirmation, emphasising the significance of the $3,300 level.

Daily Market Analysis By FXOpen in Fundamental_gold

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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: 2404 · #1817 - May 30, 2025, 10:34:13 AM

Musk Steps Away from Politics: What Does It Mean for Tesla (TSLA) Stock?
Daily Market Analysis By FXOpen in Fundamental_tesla

Yesterday, it was announced that Elon Musk will be stepping down from the Trump administration as his term as head of DOGE?where he focused on reducing government spending?has come to an end.

This decision follows his statement at the economic forum in Qatar, where Musk said he plans to focus less on politics, as he feels he has already done enough in that realm.

What Does This Mean for Tesla (TSLA) Stock?
Musk?s move away from politics is likely a positive signal for investors. Here's why:
→ The company?s CEO can now devote more time to addressing issues such as declining vehicle sales in Europe;
→ Musk?s role at DOGE will no longer pose reputational risks for Tesla..

During yesterday?s main trading session, TSLA stock surged to $367?its highest level since mid-February.

Daily Market Analysis By FXOpen in Fundamental_tesla

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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: 2404 · #1818 - June 02, 2025, 09:57:53 AM

Market Analysis: Gold and WTI Crude Oil Prices Could Gain Bullish Pace
Daily Market Analysis By FXOpen in Fundamental_YRrk2421enE

Gold started a fresh increase above the $3,300 resistance level. WTI Crude Oil is gaining bullish momentum and might even test $62.75.

Important Takeaways for Gold and WTI Crude Oil Price Analysis Today

Gold price started a steady increase from the $3,250 zone against the US Dollar.
A connecting bearish trend line is forming with resistance at $3,318 on the hourly chart of gold at FXOpen.
WTI Crude Oil climbed above the $60.50 and $60.80 resistance levels.
There was a break above a key bearish trend line with resistance at $60.80 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis
Daily Market Analysis By FXOpen in Fundamental_wES3207bWo

On the hourly chart of Gold at FXOpen, the price found support near the $3,250 zone, formed a base, and started a fresh increase above the $3,280 level.

The bulls cleared the $3,300 zone and the 50-hour simple moving average. There was also a move above the 61.8% Fib retracement level of the downward move from the $3,331 swing high to the $3,271 low. The RSI is now above 50 and the price could aim for more gains.

Immediate resistance is near the 76.4% Fib retracement level of the downward move from the $3,331 swing high to the $3,271 low at $3,318. There is also a connecting bearish trend line forming with resistance at $3,318.

The next major resistance is near the $3,330 level. An upside break above the $3,330 resistance could send Gold price toward $3,382. Any more gains may perhaps set the pace for an increase toward the $3,400 level.

Initial support on the downside is near the $3,300 zone. If there is a downside break below the $3,300 support, the price might decline further.

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.

#1819 - **Today** at 02:22:51 AM

Posts: 2404 · #1819 - June 02, 2025, 10:04:54 AM

Broadcom (AVGO) Stock Price Rose by Approximately 25% in May
Daily Market Analysis By FXOpen in Fundamental_sNv3397fs

According to available data:
→ AVGO's closing price on 30th April was $192.42
→ The closing price on 30th May was $241.59

The 25% increase in Broadcom (AVGO) stock price made it one of the leaders in the market. For comparison, the S&P 500 index (US SPX 500 mini on FXOpen) rose just over 6%.

Why is the AVGO stock price rising?
Among the bullish factors contributing to the growth of Broadcom (AVGO) stocks in May were:

→ Growing demand for AI infrastructure. This stimulates demand for Broadcom?s products?such as high-performance networking chips, which are critical for building and scaling data centres for AI.

→ Positive news related to the successful integration of the previously acquired company VMware into Broadcom's business.

→ Optimism ahead of Broadcom?s quarterly earnings report, scheduled for 5th June.

Daily Market Analysis By FXOpen in Fundamental_usYS3342VwY

Daily Market Analysis By FXOpen in Fundamental_usYS3342VwY

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: 2404 · #1820 - June 02, 2025, 10:42:41 AM

EUR/USD Rises to 4-Week High
Daily Market Analysis By FXOpen in Fundamental_4598lo

As shown on the EUR/USD chart today, the euro rose to a 4-week high against the US dollar this morning.

The euro's strength relative to the US dollar is supported by traders? expectations ahead of the ECB's interest rate decision, scheduled for Thursday at 15:15 GMT+3.

This upcoming event is notable not only because the ECB is expected to cut rates from 2.40% to 2.15% (for the seventh consecutive time), but also due to the broader context shaped by ECB President Christine Lagarde?s recent remarks on the euro?s status as a reserve currency.

At the same time, the US dollar is weakening amid growing trade concerns?on Friday, the US President Donald Trump announced plans to double tariffs on steel and aluminum to 50%. He also accused China of breaching the recent trade truce.

Daily Market Analysis By FXOpen in Fundamental_VDW3917PU

Daily Market Analysis By FXOpen in Fundamental_VDW3917PU

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: 2404 · #1821 - June 02, 2025, 01:41:38 PM

What Role Do AI and ChatGPT Play in Stock Trading?
Daily Market Analysis By FXOpen in Fundamental_KFgz2088go

Making decisions in the stock market requires more than just traditional analysis?it demands intelligent tools that can process vast amounts of data and adapt to ever-changing conditions. That?s where artificial intelligence (AI) and advanced language models like ChatGPT come in.

Artificial intelligence trading software and AI-automated trading systems are rapidly transforming how market participants approach stock trading. From analysing sentiment and generating trade ideas to automating research and executing trades, artificial intelligence in stock trading is believed to help traders react swiftly and strategically in dynamic market environments. In this article, we?ll explore the growing role of AI-powered tools in the stock market.

How Does Trading with AI Work?
Using AI for trading stocks is a relatively new practice. AI analyses markets with accuracy and efficiency and may help traders learn about stocks and build a trading strategy. Here?s a breakdown of how to use AI in trading.

The first stage needed for an AI model to function properly is robust data collection and preprocessing. This stage is akin to gathering raw materials to create a final product.

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: 2404 · #1822 - June 02, 2025, 01:47:26 PM

Market Insights with Gary Thomson: 2 - 6 June

Market Insights with Gary Thomson: BoC & ECB Rates, Canada and US Job Data & Earnings Reports

In this video, we?ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let?s dive in!

In this episode, we discuss:
? BoC?s Interest Rate Decision
? ECB?s Interest Rate Decision
? Unemployment Rate in Canada
? NFP and Unemployment Rate in the US
? Corporate Earnings Statements

Don?t miss out?gain insights to stay ahead in your trading journey.

Daily Market Analysis By FXOpen in Fundamental_SBv4681Myw

Watch it now and stay updated with FXOpen.

Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

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.

Posts: 2404 · #1823 - June 03, 2025, 07:49:33 AM

What Are Order Blocks and Breaker Blocks in Trading?
Daily Market Analysis By FXOpen in Fundamental_cEeC1744rY

Order blocks and breaker blocks are key price action concepts that reflect how institutional participants place and manage their trades. While often overlooked by retail traders, these structures can offer valuable insights into market intent and potential turning points.

This article explains what order blocks and breaker blocks are, how they differ, and how traders can use them in market analysis. With a practical approach and clear examples, you'll learn how to identify these patterns on the chart and integrate them into your trading strategy.

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: 2404 · #1824 - June 03, 2025, 09:07:27 AM

Silver Price Hits Year-to-Date High
Daily Market Analysis By FXOpen in Fundamental_AZMU3812FtM

As shown on the XAG/USD chart, silver prices rose on Monday, surpassing the previous high of the year, which was set on 28th March at around $33.50 per ounce.

Why Is Silver Rising?
A bullish driver came from statements made by the White House. According to media reports:

→ US President Donald Trump announced on Friday evening plans to double tariffs on steel and aluminium imports to 50%, starting 4th June. This intervention in the global metals market may have also impacted silver prices, given silver?s significant industrial value.

→ Trump's claims that China violated the trade agreement reached in Geneva last month further cast doubt on the prospects of a phone call between Trump and Chinese President Xi Jinping.

Daily Market Analysis By FXOpen in Fundamental_ogaE4689CM

Daily Market Analysis By FXOpen in Fundamental_ogaE4689CM

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: 2404 · #1825 - June 03, 2025, 11:14:09 AM

Meta Platforms (META) Shares Surge Over 3% in a Day
Daily Market Analysis By FXOpen in Fundamental_Wwdc2589jYo

Shares of American tech giant Meta Platforms (META) rose approximately 3.6% yesterday, continuing their upward trend after gaining about 18% in May.

Why Is META Stock Rising?
Reports emerged yesterday that the company plans to fully automate the ad creation process using artificial intelligence.

According to the Wall Street Journal, Meta Platforms (META) is developing a system that will allow ads to be fully created and targeted using artificial intelligence tools by the end of next year.

How Could AI-Based Social Media Advertising Work?
A brand provides a product image and budget, and Meta?s AI then:

→ generates ads that include images, videos, and text;
→ identifies the target audience across Instagram and Facebook (with a combined audience of over 3 billion users);
→ enables advertisers to personalise ads so that users see different versions of the same ad in real-time, based on factors like geolocation.

Daily Market Analysis By FXOpen in Fundamental_uSmN7212f

Daily Market Analysis By FXOpen in Fundamental_uSmN7212f

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.

#1826 - **Today** at 02:22:51 AM

Posts: 2404 · #1826 - June 04, 2025, 10:48:37 AM

Analytical Projections on UK Interest Rates for 2025 and 2026
Daily Market Analysis By FXOpen in Fundamental_KUdw6222j

As the UK navigates a complex economic landscape marked by trade tensions, evolving monetary policy, and persistent inflationary pressures, the trajectory of interest rates remains a focal point. In 2025 and looking ahead to 2026, forecasts on UK interest rates diverge amid uncertainty surrounding global trade dynamics, domestic growth prospects, and the Bank of England?s policy response. This article delves into expert projections, weighing economic indicators and institutional forecasts to provide an outlook on where UK interest rates may be headed over the next two years.

UK Interest Rate Environment
The UK's interest rate landscape has undergone significant transformations over the past few years. From the end of 2021 to the middle of 2023, the Bank of England (BoE) raised interest rates from the historic low of 0.1% to 5.25%?the highest in UK interest rates history since 2008. The decision to elevate interest rates from near-zero levels was primarily driven by the need to counteract rising inflation, which has emerged as a considerable threat to the UK's economic stability.

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: 2404 · #1827 - June 04, 2025, 10:56:01 AM

Market Analysis: EUR/USD Trims Gains as USD/CHF Targets Upside Break
Daily Market Analysis By FXOpen in Fundamental_cK6431Es

EUR/USD started a downside correction from the 1.1450 resistance. USD/CHF is rising and might aim for a move towards the 0.8250 resistance.

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

The Euro struggled to clear the 1.1450 resistance and declined against the US Dollar.
There was a break below a key bullish trend line with support at 1.1395 on the hourly chart of EUR/USD at FXOpen.
USD/CHF is showing positive signs above the 0.8200 resistance zone.
There was a break above a connecting bearish trend line with resistance at 0.8180 on the hourly chart at FXOpen.

EUR/USD Technical Analysis
Daily Market Analysis By FXOpen in Fundamental_loe9941Y

On the hourly chart of EUR/USD at FXOpen, the pair gained pace for a move above the 1.1300 zone, as mentioned in the previous analysis. The Euro tested the 1.1450 resistance and recently corrected gains against the US Dollar.

The pair dipped below 1.1400. There was a break below a key bullish trend line with support at 1.1395. It even traded below the 23.6% Fib retracement level of the upward move from the 1.1209 swing low to the 1.1454 high.

The pair is showing some bearish signs, and upside potential might remain limited. Immediate resistance is near the 50-hour simple moving average at 1.1395.

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: 2404 · #1828 - June 04, 2025, 10:58:43 AM

Major Currency Pairs Consolidate Ahead of Key Economic Data Releases
Daily Market Analysis By FXOpen in Fundamental_Rsa8804L

The GBP/USD and USD/CAD currency pairs are showing sideways movement as markets await the release of critical macroeconomic statistics. Traders are taking a wait-and-see approach, assessing upcoming data from the US, UK, and Canada.

A significant amount of attention is focused on US data. Today, ADP employment figures are expected ? analysts forecast a gain of 111K compared to 62K last month. A positive outlook is also expected for the ISM Services PMI at 52.3 versus April?s 50.8. Market sentiment in the upcoming sessions will remain sensitive to incoming data and statements from Federal Reserve officials, which could shape short-term trends for the US dollar.

GBP/USD
Daily Market Analysis By FXOpen in Fundamental_hvNb7456kQQ

Daily Market Analysis By FXOpen in Fundamental_hvNb7456kQQ

The GBP/USD pair has stabilised in the 1.3500?1.3550 range at the start of the week. Technical analysis suggests a potential retest of May highs around 1.3600, as a number of bullish patterns have formed on the daily timeframe. A more serious downward correction may develop if the price confidently breaks below the 1.3420?1.3440 support zone.

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: 2404 · #1829 - June 04, 2025, 11:04:46 AM

USD/CAD Holds Near 2025 Low
Daily Market Analysis By FXOpen in Fundamental_Tm7345Y

As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial.

These fluctuations reflect market participants? cautious sentiment ahead of key announcements scheduled for today, 4th June:

→ At 15:15 (GMT+3), the ADP Employment Change figures will be released, offering insight into the US employment situation. Traders are concerned as the previous reading was only +61K ? a sharp contrast to the consistent triple-digit increases seen throughout 2024.

→ At 16:45 (GMT+3), the Bank of Canada will announce its interest rate decision. According to ForexFactory, analysts expect the overnight rate to remain unchanged at 2.75%, though surprises cannot be ruled out.

Daily Market Analysis By FXOpen in Fundamental_sRd6000Qds

Daily Market Analysis By FXOpen in Fundamental_sRd6000Qds

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: 2404 · #1830 - June 04, 2025, 11:24:22 AM

XBR/USD Chart Analysis: Oil Price Rises to Key Resistance
Daily Market Analysis By FXOpen in Fundamental_bm6887Lws

Yesterday, the price of Brent crude climbed above $65.60 ? the highest level in over a week.

According to media reports, several bullish factors are driving this move:
→ Stalled negotiations between the US and Iran over abandoning Iran?s nuclear programme in exchange for lifting oil export sanctions;
→ Wildfires in Canada, which have significantly reduced oil output;
→ Market reaction to the OPEC+ meeting held over the weekend;
→ A weakening US dollar.

Daily Market Analysis By FXOpen in Fundamental_eGeP6549YFo

Daily Market Analysis By FXOpen in Fundamental_eGeP6549YFo

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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