Daily Market Analysis By FXOpen

Yen and Euro Strengthen After Fed Meeting



At yesterday’s Fed meeting, contrary to expert expectations, officials left the benchmark interest rate unchanged at 4.50%. The Fed Chair highlighted a high degree of uncertainty in the current state of the US economy due to changes in tariff policy introduced by Donald Trump’s administration. Jerome Powell also noted rising inflation and a possible economic slowdown, stating that officials need more clarity before adjusting monetary policy.
These statements from the Fed contributed to a broad decline in the US dollar.

EUR/USD



The euro weakened throughout the day yesterday, retreating from its recent highs near 1.0950. After the Fed’s decision, the pair rebounded from 1.0860 and briefly traded above 1.0900.
Technical analysis of EUR/USD suggests the possible start of a downward correction, as a "bearish engulfing" pattern has formed on the daily timeframe. If sellers manage to hold the pair below 1.0860, a retest of the key 1.0800 support level is likely. Conversely, if yesterday’s high is broken, the pair could continue its upward movement towards the psychological level of 1.1000.

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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.

Alibaba (BABA) Share Price Declines from 40-Month High



As shown in the Alibaba (BABA) share chart, the price reached a 40-month high this week, surpassing $145 per share.
Bullish sentiment is being fuelled by news related to AI prospects in China. According to media reports:
→ China’s AI spending is increasing through investments from state-owned enterprises, private companies, and local authorities, aiming to keep pace with the US $500 billion Star Gate project.
→ Alibaba plans to invest $52 billion over three years in artificial intelligence and cloud computing.



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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.

USD/JPY Analysis: Dollar Weakens After Fed Decision



Yesterday, the Federal Reserve announced its interest rate decision, which, as expected, remained unchanged. Fed Chair Jerome Powell emphasised that there is no rush to cut rates amid uncertainty surrounding US inflation and the tariff policies implemented by the Trump administration.
This key announcement triggered volatility in financial markets, notably:
→ US stock indices rose;
→ the US dollar weakened, which was evident in currency (and cryptocurrency) charts involving USD pairs.
The most significant movement occurred in the USD/JPY chart, as the Bank of Japan was also active yesterday. While it also left interest rates unchanged, it acknowledged growing uncertainty around Japan’s economy and added a new reference to the "changing trade environment."



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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 Bond Spreads Can Help You Trade Forex



In the intricate world of forex trading, bond spreads offer valuable insights into currency movements. By examining the yield differences between bonds, traders can gauge economic health and investor confidence. This article delves into the nuanced relationship between bond spreads and forex, providing practical examples and ways to utilise this information in forex trading.

Bond Spreads Explained
Bond spreads, a term familiar in the world of finance, refers to the difference in yield between two bonds. They provide insight into various economic and market conditions. Government bond spreads are the most important, as they compare the yield of a country's government bonds to a benchmark bond, often seen as a risk-free standard, like US Treasuries. Note that there are other kinds of bond spreads, like high-yield corporate bond spreads, but they’re mostly unrelated as a forex indicator.

To grasp the concept, imagine two countries – Country A and Country B. Country A's government bonds might yield 2%, while Country B's yield 4%. The spread here is 2% (4% - 2%). Such a difference can signal investors' perceptions of risk between these two economies. A wider spread often suggests a higher perceived risk or instability in the country with a greater yield.

Bond spreads today are a dynamic indicator, constantly influenced by economic policies, geopolitical events, and market sentiment. They are essential in gauging economic health and investor confidence.

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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.

GBP/USD Analysis: Pair Fails to Hold Above Psychological Level



As shown in today’s GBP/USD chart, the pair failed to maintain its position above the psychological level of 1.3000 USD per pound, where it had reached its highest point since early 2025. The decline followed recent central bank decisions and statements, with both the Bank of England and the Federal Reserve keeping interest rates unchanged.
On one side, the Bank of England:
→ Warned of inflation risks, partly driven by external factors such as US trade tariffs.
→ Indicated a potential rate cut in the coming months.
On the other hand, the US dollar strengthened on Thursday after the Federal Reserve signalled reluctance to rush further rate cuts this year, despite uncertainties surrounding US tariffs.
These statements highlighted the challenges market participants face in assessing the risks posed by tariffs on global trade.



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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.

Adobe (ADBE) Shares Plunge, Holding Near 22-Month Lows



Last week, Adobe Inc. (ADBE) reported its quarterly financial results:
→ Earnings per share: Actual = $5.08, Expected = $4.97
→ Gross revenue: Actual = $5.71 billion, Expected = $5.66 billion
Additionally, according to CNBC, the design software giant announced plans to double its AI revenue by the end of the financial year. However, despite these positive figures, Adobe Inc. (ADBE) shares plummeted by approximately 13%, returning to price levels last seen in May 2023.
This decline may reflect investor concerns over Adobe’s AI monetisation strategy and the potential loss of its competitive edge in generative AI.



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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.

Achieving Hands-Free Trading with Forex Automation Software



One tool gaining prominence in the world of finance recently is trading automation software, which represents a groundbreaking technological solution that can be tailored for the fast-paced world of foreign exchange trading. This article explores the use of forex automation software and describes how it can optimise a trader’s experience.

What Is Automated Forex Trading Software?
Designed to streamline and automate trading processes, auto trading programs can execute buy or sell orders on behalf of traders based on a set of predefined criteria. When trading manually, traders execute trades based on their own analysis of market trends and conditions. This process is time-consuming, subject to emotional biases, and limited to the trader's skills and knowledge. In contrast, automation software operates tirelessly, executing trades at any time, and is devoid of emotional responses, providing a systematic and disciplined approach to trading.

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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.

Market Analysis: Gold Prices Break Record But WTI Crude Oil Face Hurdles



Gold price rallied further and traded to a new all-time high. Crude oil is attempting a recovery wave but upsides could be limited.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

 

1. Gold price started a steady increase above the $3,000 zone against the US Dollar.
2. A connecting bearish trend line is forming with resistance at $3,028 on the hourly chart of gold at FXOpen.
3. WTI Crude oil prices started a recovery wave from the $66.00 support zone.
4. There is a key bullish trend line forming with support at $67.50 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price found support near the $2,950 zone. The price remained in a bullish zone and started a strong increase above $2,980.
There was a decent move above the 50-hour simple moving average and $3,000. The bulls pushed the price above the $3,015 and $3,030 resistance levels. Finally, the price climbed as high as $3,057 before there was a pullback.

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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.

XBR/USD Analysis: Price Near Resistance Zone



As seen on the XBR/USD chart, Brent crude oil prices are hovering near last week’s highs this morning as market participants assess various influencing factors, including:
→ New U.S. sanctions on Iran, which are limiting its export capacity and tightening global supply, particularly to China.
→ Ongoing negotiations between the U.S., Ukraine, and Russia in Saudi Arabia, which could potentially lead to increased Russian oil exports.
→ OPEC+ plans to raise oil production starting in April.



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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: Markets Start the Week on a Positive Note



A week ago, while analysing the S&P 500 index chart (US SPX 500 mini on FXOpen), we noted that the market had officially entered a correction phase, as the price had declined more than 10% from its February 19 peak. This drop was driven by mounting uncertainty over the potential economic damage caused by the Trump administration’s tariff policies in international trade.

However, this morning, markets are showing signs of optimism following reassuring statements from officials over the weekend.
According to Reuters:
→ Trump announced plans to hold talks with Chinese President Xi Jinping, while the U.S. Trade Representative is set to meet his Chinese counterpart this week.
→ The European Union has taken a conciliatory stance, delaying its initial countermeasures against the U.S. until mid-April.
As a result, sentiment appears to have shifted towards optimism, with the S&P 500 index (US SPX 500 mini on FXOpen) trading approximately 4% above this month’s 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.

Market Insights with Gary Thomson: 24 - 28 March



Market Insights with Gary Thomson: UK & US Inflation, US Durable Goods Orders, and 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:
- UK Inflation Rate
- US Durable Goods Orders
- US PCE Price Index
- Corporate Earnings Statements
Don’t miss out—gain insights to stay ahead in your trading journey.

Watch YOUTUBE VIDEO

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.

Leveraging Social Media for Market Research in Trading



It’s impossible to imagine modern trading or sound asset management without relying on news and current events in the world. The theory states that it is not safe to go without news in trading. Along with traditional information channels, such as government websites and reputable news publishers, social networks are becoming popular.
Using social media is one of the ways to conduct market research. The information posted is not considered unconditionally reliable; however, it’s possible to extract useful insights and information from closed communities, which a trader won’t find on Forbes, for example.
This FXOpen article explores how social media data helps traders understand market trends, assess sentiment, and follow news in real time. You’ll learn why social networks play an important role in making informed trading decisions.

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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.

Forex Traders Focus on Trump’s Tariff News



As April 2 approaches—the date when Trump's international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue.
Yesterday, the U.S. president stated that:
→ Tariffs on cars would be introduced "soon" (but not all possible tariffs would be imposed);
→ Some countries might receive exemptions;
→ Nations purchasing oil from Venezuela could face 25% tariffs.
Following these remarks:
→ Oil prices rose;
→ U.S. stocks gained as Wall Street (according to Reuters) interpreted the comments as a sign of flexibility in trade negotiations.
Given this backdrop, the EUR/CAD chart is particularly interesting, as both Europe and Canada frequently feature in news related to the White House's trade 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.

ADX Trend-Based Strategies



The Average Directional Index is a highly-respected tool in many traders’ arsenals, capable of measuring the strength of market trends. This article delves into two ADX-based strategies, exploring how to combine this tool with other popular indicators like RSI and EMA for a well-rounded trading system.

Understanding the ADX Trend Indicator
The Average Directional Index (ADX) is a trend strength indicator commonly used in technical analysis. It helps traders identify the strength of market trends, thereby serving as a key component in crafting an effective trend trading strategy.

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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.

Market Analysis: EUR/USD Retreats, USD/JPY Eyes Fresh Surge



EUR/USD declined from the 1.0950 resistance and traded below 1.0850. USD/JPY is rising and might gain pace above the 151.00 resistance.

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

1. The Euro started a fresh decline below the 1.0850 support zone.
2. There is a key bearish trend line forming with resistance at 1.0820 on the hourly chart of EUR/USD at FXOpen.
3. USD/JPY climbed higher above the 149.55 and 150.00 levels.
4. There is a connecting bullish trend line forming with support at 150.30 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.0950 resistance zone. The Euro started a fresh decline and traded below the 1.0850 support zone against the US Dollar.

The pair declined below 1.0820 and tested the 1.0775 zone. A low was formed near 1.0776 and the pair started a consolidation phase. There was a minor recovery wave above the 1.0800 level. The pair tested the 23.6% Fib retracement level of the downward move from the 1.0954 swing high to the 1.0776 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.

European Currencies Correct to Key Support Levels



The appreciation of European currencies observed over the past two months has stalled after testing key medium-term levels. The single European currency, having fallen just short of 1.0000, formed a bearish engulfing pattern and retreated below 1.0800. GBP/USD buyers failed to hold the price above 1.3000, and last week the pair was trading below 1.2900.
Several important macroeconomic indicators are set to be released in the upcoming trading sessions, which may provide insight into whether the current trends will persist.

EUR/USD



A reversal pattern on the daily timeframe from 18 March interrupted the pair’s nearly uninterrupted upward movement from the 1.0360 level.
Technical analysis of EUR/USD suggests a potential decline towards 1.0700–1.0680 if the pair continues to trade below 1.0820–1.0800. A break above 1.0860 could resume the upward movement towards the key psychological resistance level of 1.1000.

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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.

UK Inflation Declines



Today, the latest UK Consumer Price Index (CPI) figures were released. According to ForexFactory:
The actual annual CPI came in at 2.8%,
Analysts had expected it to remain at the previous level of 3.0%.
As a result, the British pound weakened, and a slight spike in volatility was observed on the FTSE 100 stock index chart (UK 100 on FXOpen)




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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.

Boeing (BA) Share Price Rally Slows Near Key Resistance



The Boeing (BA) stock chart shows that since its March low, the price has surged by approximately 25%, significantly outperforming the S&P 500 index (US SPX 500 mini on FXOpen).
This rally was driven by the news that Boeing secured a contract to develop the next generation of fighter jets for the U.S. Navy, beating its main competitor, Lockheed Martin.
According to Business Insider, this success is tied to Boeing’s development of the F-47 fighter jet under the Next Generation Air Dominance (NGAD) programme, which will bring the company contracts worth around $20 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.

Simple Portfolio Management Strategies



In financial market systems, where complexity often obscures the path to effective trading and investing, there can still be clarity and certainty based on the use of simple portfolio management strategies. In this FXOpen article, you will learn about portfolio meaning in investment and how to manage it.

Investment Portfolio: Fundamentals
When talking about portfolio management, the investment portfolio definition often comes to mind. However, portfolio management can be an effective technique not only for investors but also for medium- and long-term traders.

The traditional definition states that an investment portfolio is a carefully selected collection of assets, such as stocks, bonds, indices, commodities, real estate and more, owned by an individual. This collection is not just a random assortment — it is selected strategically with the aim of achieving specific financial goals while managing risks.

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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.

Nvidia (NVDA) Share Price Continues Bearish Trend



Earlier this month, our analysis of NVDA's share price led us to:
→ Establish a downward channel (marked in red).
→ Suggest that the lower boundary could act as support, which was confirmed (circled).
On 13 March, we anticipated the median line of this channel might serve as resistance, and yesterday’s ~5% drop in NVDA’s share price (marked by a red arrow) aligns with this scenario.
As a result, NVDA’s price has declined by approximately 17% since the start of 2025, despite being a market leader in 2024.

Why Did Nvidia (NVDA) Shares Drop Yesterday?
Market sentiment turned negative amid concerns that the Trump administration may soon impose previously delayed international trade tariffs.
Additionally, the Financial Times reported that Chinese regulators are encouraging firms to adopt data centre chips that meet stringent environmental standards. This raises concerns that Nvidia’s H20 chip, despite complying with U.S. export controls, may not meet China’s environmental regulations. Investors seemingly viewed this as a bearish signal for Nvidia’s future sales in China.




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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.