Daily Market Analysis By FXOpen

Gold Price Surpasses $3,200 for the First Time in History



According to the XAU/USD chart today, the price of an ounce of gold is fluctuating above the $3,200 level on global exchanges — a level never reached before.
Since the beginning of 2025, gold has gained approximately 22%.

Why Is Gold Rising Today?
Today’s bullish momentum in the gold market is driven by two key factors.
First, inflation data. Figures released yesterday for the CPI (Consumer Price Index) revealed a slowdown in inflation in the United States. This suggests a greater likelihood of monetary policy easing by the Federal Reserve. According to Reuters, gold prices now reflect expectations of three interest rate cuts by the end of 2025 — and lower rates typically support a stronger XAU/USD.

Second, fears of a global recession. Although US President Donald Trump has introduced a 90-day delay on the implementation of international trade tariffs, this does not apply to China, where tariffs have been increased to a striking 145%. Traders fear that Beijing could retaliate by raising tariffs on US goods beyond the current 84%.



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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 Hits Highest Level in Over Three Years



This morning, the euro surged above the 1.3000 mark against the US dollar for the first time since February 2022.
Throughout this week, the EUR/USD pair has broken through the highs of both 2023 and 2024.

Why Is EUR/USD Rising?
Amid the whirlwind of news surrounding the imposition and suspension of tariffs in US–EU trade, one dominant factor stands out — the sell-off of US bonds.
According to Reuters, long-term US Treasury bonds are being heavily sold this week. The yield on 10-year notes has jumped from 3.9% to around 4.4%, marking the steepest increase in yields since 2001. This may reflect a reaction by foreign holders of US debt to sanctions imposed by the White House, combined with growing uncertainty about the US economy — especially as recession fears gain more media attention.

As a result, the US dollar is showing weakness against a range of currencies, including the Japanese yen, Swiss franc, and the euro.




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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.

Is There the Best Moving Average (MA) For Swing Trading?



In swing trading, moving averages are widely used to analyse market trends and identify potential turning points. In this article, we’ll dive into the most commonly used MAs, their unique characteristics, and how they can be applied in swing trading strategies.

What Are Moving Averages?
You definitely know what moving averages are. However, we need to start our article with a brief introduction to this market analysis tool.
A moving average (MA) is a fundamental tool in technical analysis that helps traders understand the direction of a market trend by smoothing out price fluctuations, often touted among the best indicators for swing trading. Instead of focusing on the volatile ups and downs, MAs calculate an average of prices over a specific period, such as 20, 50, or 200 periods. This gives traders a clearer picture of the overall trend by filtering out short-term volatility.

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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 & NZD/USD Gain Pace, Bulls Are Back?



AUD/USD started a decent increase above the 0.6150 and 0.6200 levels. NZD/USD is also rising and might aim for more gains above 0.5850.

Important Takeaways for AUD USD and NZD USD Analysis Today

 

1. The Aussie Dollar rebounded after forming a base above the 0.6000 level against the US Dollar.
2. There is a connecting bullish trend line forming with support at 0.6260 on the hourly chart of AUD/USD at FXOpen.
3. NZD/USD is consolidating gains above the 0.5765 zone.
4. There is a key bullish trend line forming with support at 0.5825 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 0.5940 support. The Aussie Dollar was able to clear the 0.6065 resistance to move into a positive zone against the US Dollar.
There was a close above the 0.6200 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6315 zone. A high was formed near 0.6314 and the pair recently started a consolidation phase.

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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.

Trump Exempts Electronics from Tariffs; Nasdaq 100 Opens with Bullish Gap



Despite the weekend, the news flow remained intense amid the escalating trade war. According to media reports:
→ Certain tech products, including those made by Apple, have been exempted from Trump’s tariffs.
→ Trump announced he would make a significant statement regarding semiconductor tariffs on Monday, 14 April.

Stock Indices React to Trump’s Tariff Moves
These announcements were taken positively by the markets. As shown on the chart of the Nasdaq 100 index (US Tech 100 mini on FXOpen), the new week opened with a bullish gap exceeding 1.5% – a stronger performance than the S&P 500 (US SPX 500 mini on FXOpen), which also saw a bullish gap.
This may suggest that market participants are cautiously optimistic that the sweeping tariff measures might be eased through exemptions, delays, or negotiation concessions. Nevertheless, the CNN Business Fear & Greed Index remains in "extreme fear" territory, despite inching higher compared to last week.
As of this morning, the Nasdaq 100 (US Tech 100 mini on FXOpen) has recovered approximately 15% from its 2025 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: April 14 - 18


Market Insights with Gary Thomson: UK & Canada Inflation, BOC & ECB Rates, Corporate Earnings
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’s Unemployment and Inflation Rates
- Inflation Rate in Canada & BOC Interest Rate Decision
- ECB Interest Rate Decision
- 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.

5 of the Most Popular Momentum Indicators for Trading



Ready to sharpen your momentum trading skills? In this FXOpen article, we’ll break down how momentum indicators work and the signals they provide, and introduce five of the most widely used momentum tools.

What Is a Momentum Indicator?
Momentum in technical analysis refers to the rate at which an asset's price accelerates or decelerates, helping traders identify potential trend continuations or reversals.
A momentum indicator is a tool used in technical analysis to measure the speed and strength of an asset’s price movements. By analysing changes in price over a specific period, these indicators provide insights into the underlying force driving market trends.

Momentum indicators do not focus on the direction of the price movement itself, but rather the strength behind it. Traders use these tools to gauge whether the market is overbought, oversold, or losing momentum, which helps determine entry or exit points. A stock momentum indicator like the Relative Strength Index (RSI), for instance, may indicate that stocks are currently bought or sold too heavily and their price is due for a reversal.

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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.

Brent Crude Price Consolidates



When analysing the Brent crude oil price chart six days ago, we:
→ identified a downward channel marked in red;
→ noted that the median line was acting as resistance;
→ suggested the price could find support at the lower boundary of the channel, reinforced by the psychological $60 per barrel level.

As shown on the XBR/USD chart, since then:
→ the price has indeed rebounded from the lower boundary (as indicated by the arrow), rising from its lowest level in nearly four years;
→ the median line has reaffirmed its role as resistance (highlighted by the marker).



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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.

Walmart (WMT) shares reach highest level since early March



As shown on the chart of Walmart (WMT) shares, trading closed yesterday above the $94 mark – a level not seen since the beginning of March. This means that since the start of 2025, Walmart’s share price has risen by approximately 5.5%.
This positive trend stands in stark contrast to the S&P 500 index (US SPX 500 mini on FXOpen), which has declined by more than 8% over the same period.

Why are Walmart (WMT) shares outperforming the index?
Apparently, from the market’s point of view, this is due to the fact that Walmart’s supermarkets are a source of essential goods for Americans, giving the company an advantage in a scenario where the US economy may slide into recession.
According to Mizuho Bank analyst David Bellinger, Walmart is a sensible choice for investors trying to stay afloat in a volatile market. He forecasts that WMT’s share price could rise to $105 – around 15% higher than its current level.
Bellinger notes that Walmart continues to attract price-conscious shoppers and has made significant progress in e-commerce, helping the company remain resilient even amid the prospect of economic slowdown.




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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.

Risk Management in Day Trading



Risk management in trading, especially in day trading, is a vital tool for traders as it helps them navigate unpredictable financial landscapes. Day trading, a strategy that involves buying and selling financial assets within the same day, offers the allure of quick gains. However, it comes with heightened risks due to its fast-paced and speculative nature.

In this FXOpen article, we'll explore the risks associated with day trading and provide key points of risk management in trading futures, stocks, currencies, and other financial instruments.

Key Steps for Risk Management in Day Trading
Below you will find the key steps traders may consider before building risk management strategies for day 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.

The Dollar Adjusted Amid a Pause in Tariff Policy



Against the backdrop of global economic uncertainty, trade wars, and anticipation of key decisions by central banks, major currency pairs continue to show sensitivity to macroeconomic developments.
Today, market participants are focused on the Bank of Canada meeting, where a decision on the base interest rate will be announced. This event may significantly impact the pricing of USD/CAD. Simultaneously, changes in the monetary policy of the ECB and the Bank of Japan also remain in the spotlight for investors, which could lead to a rebalancing of positions in EUR/USD and USD/JPY pairs.
In the coming days, markets will closely monitor central bank statements, which may set a new direction for major currency pairs.

USD/CAD
Last week, dollar sellers in the USD/CAD pair managed to break through key support at 1.4000. The pair fell sharply, losing around 200 pips. Technical analysis of USD/CAD indicates a potential upward correction towards recently broken levels, as a “piercing candle” pattern has formed on the daily time frame. If the price drops below 1.3900, a retest of this year’s low at 1.3830 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.

Netflix (NFLX) Share Price Jumps Nearly 5%



According to the charts, Netflix (NFLX) shares rose to their highest level since early April, while the S&P 500 index (US SPX 500 mini on FXOpen) declined by approximately 0.2% yesterday.
Since the beginning of 2025, NFLX’s share price has increased by more than 8%, showing resilience in a volatile stock market that remains sensitive to the escalation of the global trade war.

Why Is Netflix (NFLX) Gaining in Value?
The strong performance may be attributed to three key factors:
Jason Helfstein, an analyst at financial holding company Oppenheimer, believes the company likely faces “limited” risks. Netflix does not sell tradeable goods subject to tariffs and could even benefit from a potential economic downturn if consumers opt to stay home more often.

According to The Wall Street Journal, Netflix has set a target of reaching a market capitalisation of $1 trillion and doubling its revenue to $39 billion by 2030.
Positive sentiment ahead of the earnings report – yes, Netflix is one of the first to release its quarterly results.



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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.

Inflation in the UK Has Fallen



According to Forex Factory, the Consumer Price Index (CPI) reading came in below expectations: while analysts had forecast a decline to 2.7% year-on-year from the previous 2.8%, the actual CPI figure was 2.6%.
Following the release of this news, the GBP/USD exchange rate rose to 1.3280 – the highest level in seven months.
On the one hand, falling inflation is a sign of a healthy economy and a relief for the Bank of England, especially considering that CPI stood in double digits just two years ago. As a result, analysts may now predict that interest rates could be cut at the meeting scheduled for 8 May.
On the other hand, demand for the dollar remains volatile due to Trump’s tariff policies, fears of a US recession, and a wave of bond sell-offs.



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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: GBP/USD Rockets Higher While EUR/GBP Slips



GBP/USD is gaining pace above the 1.3220 resistance. EUR/GBP declined and is now consolidating losses above the 0.8500 region.

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

1. The British Pound is attempting a fresh increase above 1.3220.
2. There is a key bullish trend line forming with support near 1.3245 on the hourly chart of GBP/USD at FXOpen.
3. EUR/GBP is trading in a bearish zone below the 0.8630 pivot level.
4. There is a connecting bearish trend line forming with resistance near 0.8570 on the hourly chart at FXOpen.

GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above the 1.2850 level. The British Pound started a decent increase above the 1.3000 zone against the US Dollar.

The bulls were able to push the pair above the 50-hour simple moving average and 1.3150. The pair even climbed above 1.3200 and traded as high as 1.3263. It is now consolidating gains and trading well above the 23.6% Fib retracement level of the upward move from the 1.3030 swing low to the 1.3263 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.

How to Trade with Hybrid Strategies



In today's intricate financial landscape, traders have an array of strategies at their disposal. This article delves into the core methods—technical, fundamental, and algorithmic/quantitative analysis—and introduces the concept of hybrid strategies. Learn how combining these techniques can offer a balanced approach to trading, enhancing decision-making and risk mitigation.

Creating Hybrid Trading Strategies
In the world of trading, there are primarily two schools of thought: fundamental analysis (FA) and technical analysis (TA). Fundamental analysis delves deep into economic indicators such as GDP, inflation rates, and earnings reports, aiming to assess an asset's intrinsic value.

On the other hand, technical analysis focuses on studying past price movements and trading volumes, often through charts, to predict future activity. You can find all the charts and tools necessary for technical trading strategies over in FXOpen’s free TickTrader platform.
While both approaches have their merits, a growing number of traders are blending these methodologies to create what are known as hybrid strategies.

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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.

Chipmaker Stocks Declines



According to the charts, semiconductor stocks underperformed the broader equity market yesterday. While the S&P 500 index (US SPX 500 mini on FXOpen) fell by around 2.2%, the drop was far steeper across the chip sector:
→ The bullish semiconductor ETF (SOXL) declined by 15%;
→ Nvidia (NVDA) shares fell by 6.9%;
→ Advanced Micro Devices (AMD) dropped by 7.3%.
In other words, chipmaker stocks dragged down the broader market, raising concerns ahead of the upcoming earnings season.
Why Are Chip Stocks Falling?
The decline stems from corporate assessments of how the escalating global trade war and new tariffs could impact future performance.

According to media reports:
→ AMD expects to face tariffs of up to $800 million on exports to China;
→ For Nvidia, similar levies could exceed $5 billion.
Technical Analysis – Nvidia (NVDA)
The price continues to fluctuate within a downward channel, previously identified in our analysis:



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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 $3,300 for the First Time in History



Just six days ago, we highlighted the historic breakthrough of the $3,200 level for the first time. Now, as the XAU/USD chart shows today, the price of an ounce of gold on global exchanges is fluctuating above $3,300.
Bullish sentiment is being driven by a weakening US dollar and rising trade tensions between the United States and China, which are boosting gold’s appeal as a safe-haven asset. In response to these developments, Goldman Sachs analysts have raised their year-end 2025 forecast to $3,700.
However, technical analysis is beginning to flash some bearish signals.

Technical Analysis of XAU/USD
Using the latest data, we have drawn an ascending channel on the hourly chart that more accurately reflects price action since 8 April. Initially, the price moved within a narrow range, but after breaking the S-line, it found support (indicated by an arrow) at the lower boundary of the channel.



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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 Pound and Euro Reach New Yearly Highs



Despite global economic instability and Donald Trump’s tariff policy, the EUR/USD and GBP/USD currency pairs are demonstrating upward momentum, reaching new yearly highs.
Today, market participants are focused on the European Central Bank meeting, where significant statements regarding monetary policy are expected. Yesterday, Federal Reserve Chair Jerome Powell highlighted the impact of the tariff policy on the US economy, which added volatility to the currency markets. These events could significantly influence the further movement of major currency pairs, setting a new trajectory for their quotes.

EUR/USD
Following sharp growth last week, EUR/USD has entered a sideways phase between 1.1480–1.1260. If the 1.1260–1.1240 levels continue to act as support, the pair may accumulate potential to resume its upward movement towards the 1.1700–1.1600 range. If 1.1240 is broken to the downside, the downward correction may intensify towards 1.1100–1.1000.




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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.

Ultra-Fast Scalping Strategies in Forex



Scalping is a high-speed trading strategy that targets quick profits from small price movements. It's a method that appeals to those who want a hands-on, immediate trading experience. This article delves into three of the best 1-minute scalping strategies: Heikin-Ashi Pullback, RSI Extremes, and Stochastic Oscillator Quick Signal, explaining their nuances and applications in a trading environment.

What Is Scalping?
Scalping is a trading strategy focused on capturing small price movements in financial markets. Traders employing this tactic aim to gain several pips – tiny increments in price – from each trade, often executing dozens or even hundreds of trades in a single day. Due to the high frequency of trades, transaction costs and speed are significant considerations.

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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.

Stock Markets Consolidate Ahead of the Holidays



A lull is expected on the financial markets today due to a shortened trading week related to the Easter holiday celebrations.
It is reasonable to assume that traders will get a “breather” after a news-heavy April, which caused a volatile “shakeout” in the stock markets.

US Stock Markets
On Wednesday, Federal Reserve Chair Jerome Powell was both cautious and somewhat aggressive in his forecasts regarding US monetary policy, stating that Trump’s tariffs could delay the achievement of inflation targets.
In response, US President Donald Trump accused Powell of “playing politics”, hinting at his possible dismissal.

European Stock Markets
On Thursday, the ECB cut interest rates for the seventh time in the past 12 months, and European Central Bank President Christine Lagarde left the door open for further easing.
Analysts had expected a rate cut from 2.65% to 2.40%, so the financial markets reacted relatively calmly to the ECB’s decision.

Technical Analysis of the S&P 500 Chart (US SPX 500 mini on FXOpen)

On the charts of European and US stock indices today, a narrowing triangle pattern is forming, indicating a balance between supply and demand — in other words, price is more efficiently factoring in all influencing elements.



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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.