Daily Market Analysis By FXOpen

AUD/USD & NZD/USD Aim Steady Increase


AUD/USD started a decent increase above the 0.6450 and 0.6500 levels. NZD/USD is also rising and might aim for more gains above 0.6080.

Important Takeaways for AUD USD and NZD USD Analysis Today

• The Aussie Dollar rebounded after forming a base above the 0.6400 level against the US Dollar.
• There is a connecting bullish trend line forming with support at 0.6510 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD is consolidating gains above the 0.6030 zone.
• There is a key bullish trend line forming with support at 0.6030 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis


On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6450 support. The Aussie Dollar was able to clear the 0.6500 resistance to move into a positive zone against the US Dollar.

There was a close above the 0.6500 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6535 zone. A high was formed near 0.6533 and the pair recently started a consolidation phase.

There was a move below the 0.6520 level. The pair dipped below the 23.6% Fib retracement level of the upward move from the 0.6489 swing low to the 0.6533 high.

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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 Flat Ahead of US Inflation Data


Major currency pairs ? particularly GBP/USD and USD/JPY ? are showing sideways movement following Friday?s mixed US labour market data. While non-farm payrolls rose to 139,000, above the forecast of 126,000, weaker industrial employment (?8,000) and a steady unemployment rate of 4.2% dampened market response. A 0.4% increase in average hourly earnings also failed to give the dollar a strong push, maintaining uncertainty over the Federal Reserve?s next steps.

Today, investors will focus on the release of US Consumer Price Index (CPI) data for May. Core CPI is forecast to rise by 2.5%. The report may significantly affect the short-term direction of the dollar and trigger increased volatility in major currency pairs.

Technical Analysis of USD/JPY

The USD/JPY pair is holding around 144.90, reflecting a neutral market sentiment ahead of a block of key US macroeconomic data. The lack of fresh catalysts from the Japanese economy is contributing to the pair?s consolidation near current levels.

Technical analysis of USD/JPY suggests potential growth towards the 146.20?145.40 zone, as a Stick Sandwich candlestick formation has appeared on the daily timeframe. A clear drop below 144.00 would invalidate the scenario of a bullish correction.

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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.

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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.

Intel (INTC) Shares Drop Over 6% in a Day


As shown on the Intel (INTC) chart, after Tuesday?s candle closed above $21, the price dropped sharply on Wednesday. INTC was the worst-performing stock of the day among the components of the S&P 500 index (US SPX 500 mini on FXOpen).

Why Did INTC Shares Fall?
The decline is linked to growing competitive pressure. According to media reports:

→ On one hand, AMD continues to rapidly expand its share of the server CPU market. A report by Mercury shows that the company already controls 40% of the segment and could match Intel as early as next year.
→ On the other hand, Nvidia is preparing to launch two accelerated processing units (APUs) for the consumer market, which will combine CPU and GPU capabilities in a single product.



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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.

European Currencies Hit Yearly Highs


European currencies, particularly EUR/USD and EUR/JPY, are showing strong gains amid a notable weakening of the US dollar. Pressure on the greenback intensified following the release of a series of disappointing macroeconomic indicators. In May, the core Consumer Price Index (CPI) rose by just 0.1% ? well below expectations ? while the headline CPI came in at 2.4% versus a forecast of 2.5%.

An additional factor was the slowdown in producer-level inflation (PPI): the monthly figure was 0.1% against the expected 0.3%, and the annual core PPI slowed to 2.7% compared to the projected 3.0%. These figures suggest a decline in inflationary pressure in the US and have fuelled speculation about a potential interest rate cut by the Federal Reserve.

In addition to the data, the dollar also reacted to growing geopolitical risks following trade-related comments by Donald Trump, who announced new tariffs targeting key US trade partners. Investors are concerned that such unilateral measures may lead to a slowdown in international trade and increased fiscal pressure.

EUR/USD

The EUR/USD pair has climbed above the 1.1600 mark, reaching a new high for the year from the previous low of 1.0570. This rally has been driven by a combination of factors: soft US inflation data, reduced expectations for Fed rate hikes, and a broader reassessment of dollar prospects. The euro?s resilience is also being supported by stabilising economic sentiment in the eurozone and a more cautious tone from the European Central Bank (ECB).

Technical analysis of EUR/USD points to a possible pullback towards recent highs in the 1.1500?1.1480 area. However, a continuation of the bullish momentum from current levels cannot be ruled out.

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.

S&P 500 Breaks Uptrend


Only yesterday we questioned the sustainability of the stock market?s upward trend amid alarming news from the Middle East and the evacuation of the US embassy in Iraq ? and today, the S&P 500 chart (US SPX 500 mini on FXOpen) shows a break below the lower boundary of the ascending trend channel.

According to media reports:
→ Steve Witkoff, US President Donald Trump?s special envoy to the Middle East, was expected to meet Iran?s Foreign Minister in Oman on Sunday.
→ Friday the 13th became the date when Israel launched strikes on Iran?s nuclear facilities, dramatically altering the outlook for a potential US-Iran nuclear agreement.
→ Secretary of State Marco Rubio stated that the US was not involved in the operation, while Israel?s state broadcaster reported that Washington had been informed ahead of the strikes.



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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.

XAU/USD Chart Analysis Following Israel-Iran Strikes


In 2025, the price of gold continues to form a long-term upward trend, highlighted by the black line. The red line previously acted as resistance, resulting in the formation of a contracting triangle on the XAU/USD chart ? a typical sign of market equilibrium.

However, this red line was breached (as indicated by the arrow) amid news of the exchange of strikes between Israel and Iran. In response, gold price movements have more clearly outlined the rising blue channel, which began to take shape in the second half of May.

Over the weekend, the strikes continued, and on Monday morning, trading opened with a modest bullish gap. This indicates that geopolitical risk concerns are helping to keep gold prices anchored above the red line.

What could happen to the price of gold next?



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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.

Oracle (ORCL) shares surge 24% in a week, hitting an all-time high


Last week, Oracle (ORCL) shares:
→ rose by approximately 24% ? marking the strongest weekly gain since 2001;
→ broke through the psychological level of $200 per share;
→ reached an all-time high, with Friday?s session closing above $215. It is possible that a new record may be set this week.

What?s driving Oracle (ORCL) shares higher?
The main catalyst was the quarterly earnings report released last week:

→ Earnings per share ($1.70) exceeded analysts? expectations ($1.64);
→ CEO Safra Catz projected revenue growth of 12?14% in upcoming quarters;
→ Company founder Larry Ellison highlighted ?astronomical? demand for data centres, as well as Oracle?s competitive edge in building and servicing them.

Notably, Oracle provides infrastructure services for both OpenAI and Meta Platforms.



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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.