Daily Market Analysis By FXOpen

S&P 500 Chart Analysis Ahead of the Busiest Week of Earnings Season



Despite the fact that President Trump’s earlier decision to impose tariffs (at higher rates than expected) shook the stock markets, the S&P 500 index (US SPX 500 mini on FXOpen) could still end April without significant losses (currently trading less than 2% below the month’s opening level) or even achieve a positive result.
According to media reports, around 180 S&P 500 companies are expected to release their quarterly earnings this week, including Apple (AAPL), Amazon (AMZN), Coca-Cola (KO), Eli Lilly (LLY), Meta (META), Microsoft (MSFT), and Chevron (CVX).

The share prices of these major companies — some of the largest by market capitalisation — could have a substantial impact on the S&P 500 index chart (US SPX 500 mini on FXOpen), given that their combined weight accounts for approximately a quarter of the index calculation.



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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.

An Important Bullish Pattern Forms on the NIO Share Price Chart



Today, the share price of NIO Inc. (NIO), a Chinese manufacturer of "smart" electric vehicles, is trading above $4 – a development that may be viewed as an optimistic scenario following the drop to $3 in the first half of April, marking the lowest level in nearly five years.

Why Has NIO’s Share Price Risen?
Bullish sentiment has been supported by news that the company: → increased vehicle deliveries by 40.1% compared to the same period last year; → is launching its premium ET9 model, expanding its range of offerings.
Additionally, news offering hope that high tariffs in international trade may not hinder the company's growth has also had a positive impact on NIO’s share price.




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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.

Four 1-Minute Strategies for Scalpers



Scalping is all about speed, precision, and quick decision-making. For traders who thrive in fast-paced environments, 1-minute strategies offer a way to engage with the market. But with such a short timeframe, trading requires a clear plan and sharp execution. In this article, we’ll explore four 1-minute scalping strategies and the tools and indicators that support them for navigating the high-intensity world of ultra-short-term trading.

Understanding 1-Minute Scalping
1-minute scalping is a fast-paced trading style focusing on taking advantage of small price movements within a minute timeframe. Traders using this approach rely on 1-minute charts to make quick, multiple trades throughout the trading session. The primary goal is to accumulate potential small gains that might add up to larger returns over time.

A scalp trading strategy requires a solid understanding of technical analysis and market conditions. Scalpers typically use indicators, price action patterns, and trend analysis to identify short-term market movements and potential entry and exit points. The rapid nature of 1-minute scalping demands precision and discipline, as even a slight delay can impact the trade outcome.

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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.

AUD/USD Consolidates Gains While NZD/USD Dips



AUD/USD is consolidating gains near the 0.6420 zone. NZD/USD is trimming gains and struggling to stay above the 0.5945 pivot zone.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

 

1. The Aussie Dollar started a downside correction from 0.6450 against the US Dollar.
2. There was a break above a key bearish trend line with resistance near 0.6400 on the hourly chart of AUD/USD at FXOpen.
3. NZD/USD is declining from the 0.6030 resistance zone.
4. There is a major bearish trend line forming with resistance near 0.5970 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 0.6345 support. The Aussie Dollar was able to clear the 0.6375 resistance to move into a positive zone against the US Dollar.

There was also a move above the 0.6400 resistance and the 50-hour simple moving average. There was also a break above a key bearish trend line with resistance near 0.6400. Finally, the pair tested the 0.6450 zone. A high was formed near 0.6450 and the pair is now correcting gains.
There was a move below the 0.6420 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6367 swing low to the 0.6449 high.
On the downside, initial support is near the 0.6400 level. It is close to the 61.8% Fib retracement level of the upward move from the 0.6367 swing low to the 0.6449 high. The next major support is near the 0.6360 level.

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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 Crude Oil



Learning how to trade crude oil requires a nuanced understanding of its fundamental aspects, instruments, and trading strategies. This comprehensive article offers insights into the critical elements that affect crude oil prices, the range of instruments available for trading, and specific strategies traders use in this market.

The Basics of Crude Oil
Crude oil, often referred to as "black gold," is a fossil fuel derived from the remains of ancient organic matter. It serves as a crucial raw material for various industries, including transportation, chemicals, and manufacturing.
Two primary types of crude oil traded on global markets are West Texas Intermediate (WTI) and Brent Crude. WTI is primarily sourced from the United States and is known for its high quality and low sulphur content. On the other hand, Brent Crude originates mainly from the North Sea and serves as an international pricing benchmark.

The Organization of the Petroleum Exporting Countries (OPEC), which includes members like Saudi Arabia, Iran, and Venezuela, plays a pivotal role in determining global oil supply. By adjusting production levels, OPEC influences crude oil prices significantly. Additionally, other countries like Russia and the United States contribute to the world's oil supply, further affecting market dynamics.

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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.

Oil Prices: April Could Be the Worst Month in Three and a Half Years



As the XTI/USD chart shows:
→ at the beginning of April, WTI crude was trading above $71 per barrel;
→ this morning, on the last day of the month, the price has fallen below $60.
The overall decline may reach 16% — the worst monthly performance since November 2021.

Why Is Oil Falling?
The primary driver behind the sharp drop in oil prices earlier this month was the introduction of new US tariffs, particularly targeting China and the EU. This raised concerns that a potential global trade war could slow economic growth and, in turn, reduce global oil demand.
According to a Reuters poll, the tariffs imposed by Trump have made a global recession in 2025 a realistic risk.
In addition, growing attention is being paid to OPEC+ and its plans to increase oil production. The next meeting is scheduled for 5 May.



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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 Edge Higher Ahead of Key Macroeconomic Data



The EUR/USD and GBP/USD currency pairs are showing moderate gains amid a consolidation of market expectations ahead of the release of crucial macroeconomic indicators. Tomorrow, investor focus will shift to data on inflation, consumer spending trends, and manufacturing sector activity—figures that could significantly reshape expectations for monetary policy in the world's leading economies. Heightened speculative activity ahead of these releases is contributing to increased market volatility and may trigger a retest of local highs and lows in major currency pairs.

GBP/USD

At the start of the trading week, GBP/USD buyers managed to test the 2024 highs near 1.3440. A pullback from last year’s peak has resulted in the formation of a bearish “Harami” candlestick pattern on the daily chart. If the pair fails to hold above the 1.3370–1.3340 range, a downward correction may unfold towards the 1.3200–1.3100 zone. Conversely, a break above 1.3440 could reignite bullish momentum.

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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.

META Share Price Rises Cautiously Ahead of Earnings Report



As shown on the Meta Platforms (META) chart, the share price rose by approximately 1% yesterday. This movement was supported by the announcement of the launch of the Meta AI app—an artificial intelligence-based application that will function as a personal assistant on mobile phones (similar to Google Gemini).

In a different market environment, the news might have prompted a more positive reaction. However, traders currently appear to be exercising caution, as Meta Platforms (META) is due to report its quarterly results after the close of the main trading session today. According to media reports, expectations include:
→ Revenue in the range of $41.35–$41.5 billion, which implies a year-on-year increase of roughly 13–14%.
→ Earnings per share (EPS) between $5.22 and $5.29, indicating a 11–12% rise compared to the same period last year.

Key Factors in Meta’s Quarterly Report
The following areas are likely to have a significant impact on META's share price in the wake of the report:
→ Advertising business, Meta’s primary revenue stream (around 96%). There is a possibility that US tariff policies could prompt major Chinese advertisers—such as Temu—to reduce their advertising spend in the United States.
→ Investment in Artificial Intelligence (AI) and Augmented Reality. Market participants may revise their valuation of the stock downwards if there are lingering concerns over the long-term return on these investments.
→ Forward guidance on revenue and earnings for the next quarter and full year 2025. These forecasts will carry particular weight in an environment of elevated uncertainty linked to US trade policy.

Most Wall Street analysts maintain a “Buy” rating on Meta shares. However, some have lowered their price targets in April, noting that the stock has lost roughly a third of its value since its all-time high in February.




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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 Choose Stocks for Trading



What stocks do day traders trade? What stock types are more appropriate for swing traders? Selecting suitable stocks for trading requires an amalgamation of keen market understanding and thorough research. This process, while complex, is fundamental for traders aiming to navigate the ever-evolving financial markets with precision. Platforms like FXOpen provide traders with the tools and resources necessary to facilitate this selection, with instruments like TickTrader aiding in a more refined analysis. This article offers a structured approach to stock selection, encompassing various analytical techniques and considerations.

Understanding Your Trading Goals
Every trader has unique objectives shaping their strategies. While a young trader might aim for aggressive growth, those nearing retirement might focus on capital safety.

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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.

GBP/USD Corrects Gains While USD/CAD Dips



GBP/USD started a downside correction from the 1.3450 zone. USD/CAD declined and now consolidates below the 1.3850 level.
Important Takeaways for GBP/USD and USD/CAD Analysis Today

 

1. The British Pound rallied above 1.3200 and 1.3320 before the bears appeared.
2. There is a key bearish trend line forming with resistance at 1.3375 on the hourly chart of GBP/USD at FXOpen.
3. USD/CAD started a fresh decline after it failed to clear the 1.3900 resistance.
4. There is a major bearish trend line forming with resistance at 1.3815 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3200 level. The British Pound started a steady increase above the 1.3320 resistance zone against the US Dollar, as discussed in the previous analysis.
The pair even cleared 1.3400 before the bears appeared. A high was formed at 1.3443 before there was a downside correction. There was a move below the 1.3400 and 1.3350 levels.

A low was formed at 1.3301 and the pair is now consolidating losses. On the upside, the pair is facing resistance near the 1.3335 level and the 23.6% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 low.
The next key resistance near the 1.3375 level. There is also a key bearish trend line forming with resistance at 1.3375. The trend line is near the 50% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 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.

Finding Reliable Trading Resources



In trading, the importance of reliable resources cannot be overemphasised. The decisions you make as a trader are only as good as the information and tools at your disposal. While the potential for financial gain is very attractive, the risks associated with unreliable sources can also be very great. This FXOpen article looks at different types of information sources and explains the methods of identifying reliable ones.

The Importance of Reliable Trading Resources
Consider the infamous case of the GameStop (GME) stock frenzy in early 2021. Online communities on platforms such as Reddit triggered a short squeeze, causing the price to skyrocket. Many retail traders rushed to buy GME shares, but their investments plummeted when the bubble burst. This incident highlights how important it is to distinguish reliable trading sources from unreliable ones.

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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.

Microsoft (MSFT) Share Price Jumps Nearly 9% – What’s Next?



As the chart shows, Microsoft (MSFT) shares surged sharply, forming a large bullish gap: while trading closed around $391 on 30 April, yesterday’s candlestick closed just below the $425 mark.

What Drove the Rally in Microsoft Shares?
Microsoft released its financial results for the first quarter of 2025, exceeding Wall Street expectations on both revenue (actual = $70.1 billion, 2.4% above forecasts) and earnings per share (actual = $3.46, 7.4% above forecasts).
Particular attention was drawn to the strong performance of Azure – revenue from Azure and other cloud services soared by 33% year-on-year. A significant part of this growth was fuelled by robust demand for artificial intelligence services, which helps ease concerns about the return on large-scale infrastructure investments related to AI.
In addition, Microsoft issued an upbeat outlook for the next quarter, which ultimately triggered the sharp rise in its share price.



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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 Dollar Strengthens Ahead of Employment Data



The USD/JPY and USD/CAD currency pairs are showing an upward trend, supported by the strengthening US dollar, which is backed by a number of factors. At yesterday's meeting, the Bank of Japan kept the key interest rate unchanged, disappointing "yen bulls" who had hoped for signals of a possible tightening of monetary policy. This decision by the Japanese regulator contributed to the weakening of the yen, causing the USD/JPY pair to update local highs, approaching key resistance levels.

The USD/CAD pair continues to trade near local lows, holding above support around 1.3780, indicating stabilisation in demand for the dollar. An additional factor is the weak performance of oil prices, which remain in a sideways range, limiting the potential for strengthening the Canadian dollar.

Today, investors' attention is focused on the publication of the Non-Farm Payrolls report — a key employment indicator in the US. The consensus forecast expects job growth in April to be between 135,000 and 145,000, which is significantly lower than the March figure of 228,000. The unemployment rate is expected to remain at 4.2%, while the average hourly earnings growth is forecast to be 0.3% month-on-month. However, deviations from the forecast should be taken into account.
Stronger-than-expected data could bolster the US dollar, as it would reduce the likelihood of an imminent rate cut by the Federal Reserve.



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.

Market Analysis: Gold Dips Further and WTI Crude Oil Tumbles



Gold price started a fresh decline below $3,300. WTI Crude oil is down over 10% and remains at risk of more losses.
Important Takeaways for Gold and WTI Crude Oil Price Analysis Today

 

1. Gold price climbed higher towards the $3,350 zone before there was a sharp decline against the US Dollar.
2. A key bearish trend line is forming with resistance near $3,270 on the hourly chart of gold at FXOpen.
3. WTI Crude oil prices extended downsides below the $60.00 support zone.
4. A major bearish trend line is forming with resistance near $57.25 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price climbed above the $3,250 resistance. The price even spiked above $3,300 before the bears appeared.
A high was formed near $3,352 before there was a fresh decline. There was a move below the $3,300 support level. The bears even pushed the price below the $3,250 support and the 50-hour simple moving average.

It tested the $3,200 zone. A low has formed near $3,203 and the price is now showing bearish signs. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low.

However, the bears are active below $3,270. Immediate resistance is near $3,270. There is also a key bearish trend line forming with resistance near $3,270.
The next major resistance is near the $3,295 zone and the 61.8% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low. The main resistance could be $3,352, above which the price could test the $3,400 resistance. The next major resistance is $3,500.

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.

Brent Crude Opens with a Bearish Gap



As shown on the XBR/USD chart, Brent crude oil opened this Monday morning around $59.00, forming a bearish gap relative to Friday’s closing price of approximately $61.40.
The current Brent crude oil price is near the yearly low reached about a month ago, following the announcement of Trump’s tariffs, which turned out to be significantly higher than expected.

Why Is Oil Falling?
As we noted on 30 April, market participants are closely watching news related to OPEC+. Over the weekend, during an online meeting (according to media reports), the following developments occurred:
→ It was stated that the current oil market is fundamentally healthy;
→ A decision was made to accelerate the pace of oil production increases.
According to the plan, output will rise by 411,000 barrels per day — with some believing this move is partly due to certain OPEC+ countries previously failing to adhere to production quotas.



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.

Buffett Steps Down, Berkshire Shares (BRK.B) Pull Back from Record High



Berkshire Hathaway has released its quarterly report, which came in slightly below analysts’ expectations:
→ Earnings per share: actual = $4.46, forecast = $4.72
→ Revenue: actual = $90.8bn, forecast = $89.7bn

However, the bigger news was not the weaker results, but the decision of legendary 94-year-old Warren Buffett to step down as head of the company after nearly 60 years in charge. According to Reuters:
→ Vice Chairman Greg Abel will take over leadership;
→ Buffett will still influence decisions and has said he does “not intend to sell a single share of Berkshire”.
In pre-market trading today, BRK.B shares are priced around $526, compared to Friday’s close above $541, which marked a historic high. The decline suggests a natural negative reaction by market participants to the news.



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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 Leverage May Impact Your Trading



Leverage trading has become the standard for many modern traders. But with its potential rewards come inherent risks. This article delves into the intricacies of leverage trading, helping traders with any level of experience understand its pros, cons, and best practices.

What Is Leverage Trading?
You definitely know what leverage trading is. But let us remind you of its fundamentals. Leverage trading is a financial practice that allows traders to amplify their exposure to the market without increasing their capital investment. Essentially, it involves borrowing funds to magnify potential returns on an investment.
A brokerage or financial institution provides this additional capital, enabling traders to take on larger positions than they could with their own funds alone. In this way, leverage enhances the potential for higher profits. However, it's crucial to remember that while profits can be magnified, so can losses.

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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 Insights with Gary Thomson: 5 - 9 May


Market Insights with Gary Thomson: Fed and BoE Rate Decisions, Canada Jobs, 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:
— Fed’s Interest Rate Decision
— BoE’s Interest Rate Decision
— Unemployment Rate in Canada
— Corporate Earnings Statements

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

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.

Trading with Moving Average Crossovers



Trading indicators and technical analysis are essential components of the financial markets, utilised by traders and investors to analyse price movements, identify trends, and make informed trading decisions. The moving average is an indicator that is used by many traders. This article will cover the best moving averages for day trading, swing trading, and scalping and discuss the crossover 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.

Apple Shares (AAPL) Drop Below $200



Late last week, Apple released a quarterly report that beat analysts’ expectations:
→ Earnings per share: actual = $1.65, forecast = $1.63
→ Revenue: actual = $95.36bn, forecast = $94.5bn
However, today AAPL stock price is below the psychological $200 mark, over 7% lower than last week’s high (point E).

Why did AAPL shares fall?
According to media reports, investors were concerned about weaker-than-expected services revenue and disappointing sales in China. These factors have renewed fears that the ongoing US–China trade tensions could have a deeper impact on Apple going forward.
Bearish sentiment may also have been amplified by Warren Buffett’s decision to step down as head of Berkshire Hathaway — as we noted yesterday — since his company is one of Apple’s major shareholders.




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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.