Daily Market Analysis By FXOpen

Dollar Correction: Market Focus on US Inflation Data and Bank of Canada Meeting



The US dollar is trading with mixed dynamics. It is strengthening against commodity currencies, while suffering significant losses against the yen and European currencies. Today, US inflation data is expected, which could provide further clues on the future direction of major currency pairs.

USD/CAD

Investors and market participants have likely stopped paying attention to Donald Trump's threats of tariffs on Canadian goods. Initially, the tariffs were set to be introduced in February, then postponed to early March, and later to April. In response, the Canadian government announced counter-tariffs and a boycott of certain US goods. As a result of these conflicting developments, the USD/CAD pair remains within a medium-term trading range between 1.4500 and 1.4300.
Technical analysis of USD/CAD suggests a potential retest of the lower boundary at 1.4300, as a bearish "doji" pattern was formed yesterday.
If buyers manage to consolidate above 1.4500, the pair could continue its upward movement towards recent highs around 1.4730–1.4600.

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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.

Apple (AAPL) Share Price Drops Over 7% in Two Days



As previously reported, AAPL shares had their worst January since 2008, but the challenges for investors have continued. The Apple (AAPL) stock chart shows that:
Yesterday, the price dropped below $218 during trading—the lowest level since September last year.
Compared to Friday’s closing price, the decline over the first two days of this week amounted to approximately 7.7%.

Why Has AAPL Stock Fallen?
Yesterday, we noted that bearish sentiment was prevailing in the stock market, leading the Nasdaq 100 index into correction territory. Market conditions were further dampened by news that Apple had delayed the release of an AI-powered update for its digital assistant, Siri 2.0, increasing selling pressure.

What Could Happen 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.

NIO Share Price Soars by Approximately 17%




The stock chart of Chinese electric vehicle manufacturer NIO shows that its price has reached a new high for 2025, following a 10% surge yesterday.
In the process, the stock formed a wide bullish gap and successfully broke through the psychological $5 per share level.

Why Has NIO’s Share Price Risen?
The bullish sentiment is largely driven by anticipation of the company's upcoming earnings report. Last year, NIO achieved record-breaking monthly EV deliveries, reaching 31,000 units in December.
Investors are now eagerly awaiting further details about NIO’s two new mass-market brands, Onvo and Firefly. Onvo has already launched, while pre-orders for Firefly—a compact and intelligent EV priced at around $20,500—have begun.

Additionally, some investors may be shifting capital from TSLA shares (which have been experiencing a bearish trend, as reported yesterday) into NIO stock.



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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.

What You Should Know About the Japanese Yen



Among the plethora of currencies traded in the global market, the Japanese yen (JPY) holds a unique and significant position. In this article, we will delve into what forex traders need to know about the Japanese yen, from its historical significance to the factors affecting its price.

Understanding the Japanese Yen (JPY)
The Japanese yen, denoted as JPY, is the official currency of Japan. It is identified by its symbol ¥. The significance of the JPY in the forex market is derived from its reputation as a major reserve currency and its popularity in carry trades. The history of the JPY dates back to 1871 when the Meiji government, as part of its modernisation efforts, adopted the yen as the country's official currency to replace the previous system. In 1882, the Bank of Japan (BOJ) was established. Over the years, the JPY has maintained its status as one of the world's most traded currencies.

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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.

Nvidia (NVDA) Share Price Rises Over 6%



The NVDA stock chart shows that following yesterday’s trading session, the share price climbed over 6%, outperforming the Nasdaq 100 index (US Tech 100 mini on FXOpen), which gained just over 1%.
Despite this recovery from a six-month low, NVDA shares remain down 15% year-to-date.

Why Did Nvidia (NVDA) Shares Rise Yesterday?
Positive sentiment swept through the stock market after U.S. inflation data came in lower than expected. The Consumer Price Index (CPI) for the month stood at 0.2%, below analyst forecasts of 0.3% and the previous reading of 0.4%.
Investors may now be looking for opportunities following the March sell-off, triggered by Trump’s tariff policies and recession fears—and NVDA shares appear attractive in this context.
Barron’s suggests that NVDA stock may currently be undervalued, while MarketWatch cites BofA analyst Vivek Arya, who advises investors to focus on Nvidia’s gross profit margins as a key driver of significant share price growth.



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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.

Euro and Pound Strengthen to Strategic Levels



The chaos brought by Donald Trump to the US economy, introducing tariffs on China, Canada, and Mexico, has contributed to the strengthening of the euro, pound, and Swiss franc. The situation remained unchanged even after the release of US inflation data yesterday. According to the published figures, the core consumer price index declined more than analysts had forecast (2.8% versus 2.9%). In the long run, this may lead to an earlier Fed rate cut and a continued downward movement in the dollar.

EUR/USD
The euro has been strengthening for more than two consecutive weeks and is currently trading near last year’s October highs at 1.0950–1.0920. With the right news impulse, the price may break yesterday’s highs and test the psychological resistance level at 1.1000.
Yesterday, a “bearish harami” pattern formed on the daily timeframe. If confirmed, EUR/USD may start a downward correction towards 1.0830–1.0760.



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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.

Williams Alligator Strategies



The Bill Williams Alligator indicator has become a mainstay in many traders’ toolkits. Utilising three moving averages to create the Alligator’s jaws, teeth, and lips, it provides deep insight into trends and potential reversals. This article breaks down the Alligator, offering three comprehensive strategies to leverage it effectively.

Understanding the Bill Williams Alligator
The Alligator, a Bill Williams indicator, is a powerful tool in financial trading, offering insights into market trends and potential turning points. Conceptualised by renowned trader Bill Williams, the Alligator is grounded in the notion that markets move in a rhythmic pattern, akin to the predatory behaviour of an alligator.
This indicator employs three smoothed moving averages, each named after parts of an alligator: the 'Jaw' (13-period), 'Teeth' (8-period), and 'Lips' (5-period). These moving averages are displaced into the future, adding a dynamic and predictive element to the analysis.

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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.

Gold Price Nears $3,000 for the First Time in History



As shown in the XAU/USD chart today, gold is at a record high, just $5 away from the key psychological level of $3,000. Moreover, on the futures market, COMEX data indicates that gold futures have already surpassed this barrier.
Bullish sentiment is driven by:
→ Low US inflation data (released on Wednesday), which boosted gold prices due to growing expectations of a more dovish Federal Reserve policy.
→ Uncertainty surrounding Trump’s tariffs, escalating global trade tensions. According to the latest reports, the US president has warned of a 200% tariff on European wine and other alcoholic beverages after the EU imposed a 50% tariff on American whiskey.



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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.

Intel (INTC) Shares Surge by Approximately 14%



As shown in the Intel (INTC) stock chart:
→ Trading opened yesterday with a strong bullish gap.
→ By the end of the session, shares had risen by approximately 14% compared to the previous day's closing price.
According to Dow Jones Market Data, INTC shares recorded their largest percentage gain since 13 March 2020, making them the top-performing stock in the S&P 500 index (US SPX 500 mini on FXOpen) on Thursday.

Why Did Intel (INTC) Shares Rise?
The surge followed the company's announcement of a new CEO appointment. Lip-Bu Tan, a former board member, has been named the new Chief Executive Officer, set to assume the role on 18 March. Investors reacted positively to the decision, as Tan previously achieved significant success as CEO of Cadence Design Systems.
As the Wall Street Journal put it:
"Lip-Bu Tan is Intel’s best hope for a turnaround—if Intel can be fixed at all."



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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.

What Is Dollar-Cost Averaging (DCA) in Investing and Trading?



Dollar-cost averaging (DCA) is a popular strategy used by investors and traders to manage market fluctuations and build positions over time. Instead of trying to time the market, DCA focuses on consistent, regular investments regardless of price movements. This article answers “What is DCA?”, its advantages and limitations, and how it can be applied in both investing and trading.

What Is Dollar-Cost Averaging (DCA)?
So what is DCA investing? Dollar-cost averaging (DCA) is a strategy that involves consistently investing a fixed sum at regular intervals, regardless of the asset’s current price. This approach helps distribute the cost of purchases over time, potentially reducing the impact of short-term price fluctuations. Instead of trying to time the market perfectly—a challenging task even for experienced traders—a dollar-cost averaging strategy focuses on regular contributions to average the cost of assets.

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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: 17 - 21 March


Market Insights with Gary Thomson: Canada’s Inflation, Fed and BoE Interest Rates, 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:
— Canada’s Inflation Rate
— Fed Interest Rate Decision
— BoE Interest Rate Decision
— Corporate Earnings Reports

Don’t miss out—gain insights to stay ahead in your trading journey.

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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 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.

Spotify (SPOT) Shares Rise by Nearly 7%



According to the stock chart of music streaming giant Spotify (SPOT), the share price:
→ Increased by almost 7% by the end of trading on Friday.
→ Has surged approximately 28% since the start of 2025—one of the strongest performances in the stock market.
→ Has nearly doubled over the past 12 months.

Why Is Spotify (SPOT) Stock Rising?
As we noted late last year, investors have responded enthusiastically to the launch of the “Premium” plan, which offers higher-quality, ad-free music streaming and is expected to boost the company’s revenue.
Additionally, on Friday, Spotify announced that it had paid out around $10 billion in royalties to artists during 2024. By comparison, in 2014, this figure was “just” $1 billion.



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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.

S&P 500 Analysis: How Long Could the Stock Market Correction Last?



Six days ago, we noted that the Nasdaq 100 had entered a correction phase. Now, the S&P 500 (US SPX 500 mini on FXOpen) has followed suit, closing more than 10% below its 19 February peak on Thursday, officially confirming a correction.

Statistically, according to research by Yardeni Research:
→ Market corrections occur quite frequently—since 1929, the S&P 500 has experienced 56 corrections.
→ Only 22 of those corrections turned into bear markets, defined as a drop of 20% or more from recent record highs.
S&P 500 Analysis: How Long Could This Correction Last?
On one hand, Friday’s market rebound suggests that buyers are stepping in.

On the other hand:
→ US Treasury Secretary Scott Bessent stated on Sunday that there are "no guarantees" the world's largest economy will avoid a recession. This came just a week after US President Donald Trump refused to rule out such a scenario.
→ The current correction has lasted 22 days so far, whereas historically, the average correction lasts 115 days and results in a 13.8% decline from the peak.


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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.

NZD/USD Analysis: Exchange Rate at 2025 High




As shown on the NZD/USD chart today, the exchange rate is around 0.58250—the highest level for the Kiwi against the US dollar since December 2024.
NZD strength is supported by optimism about China's economy, a key trading partner for New Zealand. The Hang Seng Index (Hong Kong 50 on FXOpen) is near three-year highs, driven by:
→ Optimism surrounding AI development in China, including models from DeepSeek and Alibaba.
→ Government stimulus measures boosting the Chinese economy.
Meanwhile, traders are assessing the USD's outlook in light of the Trump administration's trade tariff policies.



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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.

BRK.B Share Price Reaches All-Time High



As shown on the chart, the Class B shares of Berkshire Hathaway (BRK.B) have surpassed $520 for the first time in history. Notably, US stock indices remain below their record highs, further highlighting Warren Buffett’s investment acumen.

In late December, we noted that:
→ Berkshire Hathaway (BRK.B) had significantly reduced its position in Apple (AAPL) and refrained from making new purchases.
→ This suggested that Warren Buffett believed US stocks were overvalued and that a market correction was likely.
Once again, Buffett has been proven right. The Telegraph reports that the legendary investor correctly anticipated that Donald Trump would send Wall Street tumbling.
Additionally, Berkshire Hathaway’s latest earnings report, released yesterday, revealed that the company has been investing in the Japanese stock market—likely contributing to the optimism surrounding BRK.B shares.



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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.

The Weakest Currencies in Europe



Europe is home to some of the world’s strongest currencies, such as the euro, the British pound, and the Swiss franc. While many European currencies are stable and robust, some find themselves facing economic challenges that lead to them being the weakest in the region.
These currencies are weak for various reasons, including high levels of informal economic activity, dependence on remittances and exports, and political instability. This FXOpen article focuses on the six weakest currencies in Europe.

6 Weakest Currencies in Europe
You will find a list of European currencies ranging from strongest to weakest. Even though the Great British Pound is one of the leading currencies in the region, we decided not to put the weakest currency against GBP. The article compares the values of the European legal tenders to the US dollar. The USD remains a typical benchmark for currency valuation.

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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.

The Fed May Cut Rates: The Dollar Trades Near Recent Lows



The upcoming trading sessions are packed with key events, potentially triggering heightened volatility in major currency pairs. This morning, the Bank of Japan held its meeting, the Federal Reserve will announce its decision this evening, and tomorrow, the Swiss National Bank and the Bank of England are scheduled to meet. This mix of news could either reinforce current trends or lead to sharp reversals.

USD/CAD



As expected, the USD/CAD pair tested the lower boundary of the medium-term range at 1.4470–1.4260. It has yet to break below, as a rebound from 1.4260 allowed buyers to form a bullish “harami” pattern. If 1.4300 remains a support level, the price could strengthen towards 1.4470–1.4400. However, if sellers push the pair below 1.4300–1.4260, a retest of 1.4160–1.4100 is possible.

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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.

Gold Price Surpasses $3,000 per Ounce for the First Time in History



Just five days ago, we noted that gold was approaching the $3,000 level and suggested that a breakout could occur this month.
Yesterday, as shown on the XAU/USD chart, the spot price of gold rose above the psychological $3,000 mark for the first time ever. The new all-time high now stands at around $3,045.

Why Is Gold Rising?
Bullish sentiment is being driven by traders positioning themselves ahead of a key event—the Federal Reserve’s interest rate decision, set to be announced today. According to ForexFactory, analysts expect rates to remain unchanged at 4.5%, but surprises cannot be ruled out.
Additionally, gold is becoming more attractive as a safe-haven asset. As reported by Reuters:
→ Tensions in the Middle East are escalating—Israel warns of further casualties, as airstrikes in Gaza have already resulted in over 400 deaths.
→ Gold is gaining amid uncertainty over US tariffs.



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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 (TSLA) Shares Among the Biggest Losers Again



As the chart shows, Tesla (TSLA) shares opened yesterday’s trading session with a bearish gap and closed more than 5% lower than the previous day’s close. Meanwhile, the S&P 500 index (US SPX 500 mini on FXOpen) also declined, but by only around 1%.

Why Tesla (TSLA) Shares Fell
The recent two-day decline may be part of a broader downtrend. As we noted earlier in March, one of the key bearish factors could be Elon Musk’s political involvement in the Trump administration. For investors, this may imply that:
→ A significant number of potential Tesla customers may be put off by Musk’s political stance, slowing sales.
→ The CEO may not be paying enough attention to the company at a time of intense competition. Notably, Chinese EV manufacturer BYD Co. (CN:002594) has announced the launch of its Super e-Platform, which can charge a vehicle with a 400-kilometre range in just five minutes.
This sentiment is reflected in analysts’ decisions, as they continue to lower their target prices for TSLA shares, further fuelling negative sentiment.

TSLA Price Forecast
According to MarketWatch, RBC Capital Markets has cut Tesla’s target price from $440 to $320 due to a worsening outlook for the company’s robotaxi programme and autonomous driving software.
However, RBC analyst Tom Narayan maintained a “Buy” rating on Tesla (TSLA) shares, stating that concerns over a sharp sales drop in Europe and China are “overblown.”



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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.

How to Trade a High Wave Pattern



In the dynamic world of trading, the high wave candlestick pattern emerges as a potent instrument, offering valuable insights to traders as they navigate the intricate terrain of financial markets. As we venture into the setup, this exploration will illuminate its fundamental principles, strategies, and tools that empower traders and investors to decode the intricate language of the financial market.

What Is a High Wave Candlestick Pattern?
The high wave candle pattern is a technical analysis formation traders usually use to identify potential trend reversals in highly fluctuating markets. Still, there might be conditions in which you find this formation during a solid trend, signalling a trend continuation.

It is characterised by a candlestick with a small body and long upper and lower wicks, suggesting indecision and rapid price fluctuations. It often materialises at critical support and resistance levels, making it a vital indicator for potential trend reversals. The candle may have any colour.

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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.