Daily Market Analysis By FXOpen

Understanding Volume Oscillator and Its Role in Technical Analysis



Navigating the complex terrain of trading requires a grasp of various technical analysis tools. One such tool is the Volume Oscillator, a potent indicator that offers insight into market trends and their strength. This article provides a comprehensive look at this tool, its interpretation, principles, and limitations.

What Is the Volume Oscillator?
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European Currencies Hit Yearly Highs


European currencies, particularly EUR/USD and EUR/JPY, are showing strong gains amid a notable weakening of the US dollar. Pressure on the greenback intensified following the release of a series of disappointing macroeconomic indicators. In May, the core Consumer Price Index (CPI) rose by just 0.1% — well below expectations — while the headline CPI came in at 2.4% versus a forecast of 2.5%.
An additional factor was the slowdown in producer-level inflation (PPI): the monthly figure was 0.1% against the expected 0.3%, and the annual core PPI slowed to 2.7% compared to the projected 3.0%. These figures suggest a decline in inflationary pressure in the US and have fuelled speculation about a potential interest rate cut by the Federal Reserve.

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

EUR/USD

The EUR/USD pair has climbed above the 1.1600 mark, reaching a new high for the year from the previous low of 1.0570. This rally has been driven by a combination of factors: soft US inflation data, reduced expectations for Fed rate hikes, and a broader reassessment of dollar prospects. The euro’s resilience is also being supported by stabilising economic sentiment in the eurozone and a more cautious tone from the European Central Bank (ECB).
Technical analysis of EUR/USD points to a possible pullback towards recent highs in the 1.1500–1.1480 area. However, a continuation of the bullish momentum from current levels cannot be ruled out.

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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.

Israel Strikes Iran. Oil and Gold Prices Surge


According to media reports, Israel launched a large-scale overnight strike on Iranian territory, targeting dozens of military and strategic facilities linked to the country’s nuclear programme and missile capabilities. Israeli officials justified the action by citing an existential threat from Tehran, which, according to their intelligence, is accelerating its development of nuclear weapons and expanding its arsenal of ballistic missiles.
In response, Iran has vowed severe retaliation, stating that the United States and Israel will “pay a heavy price” for the attack. US President Donald Trump has urgently convened a meeting to assess the situation.

Commodities Market Reaction
In the wake of these developments, gold — the primary safe-haven asset — surged sharply. The XAU/USD price broke above its May high, rising past $3,440. However, the all-time high near $3,498 remains intact for now.
Oil prices also spiked due to fears of supply disruption. The military conflict threatens shipping through the Strait of Hormuz, a crucial chokepoint through which one-fifth of the world’s oil supply passes. Traders quickly priced in the risk of war, anticipating a supply shortage driven by large-scale instability in the Middle East.


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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 Breaks Uptrend



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

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



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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

A Comprehensive Guide on the Cup and Handle Pattern Trading



Learning about a cup and handle pattern is important for traders and investors who want to make informed decisions when trading in the financial markets. In technical analysis, the cup and handle is one of the reliable indicators of a continuation of a bullish trend. By understanding it, traders can confirm the trend of an asset and identify potential buying opportunities.
Additionally, by knowing how to trade this setup, traders may minimise their risks and protect their capital. Therefore, in this FXOpen guide, we will look at how it works, how to determine it, and how we can trade with it.

What Is a Cup and Handle Pattern?
The formation was recognised by William J. O'Neil in his 1988 book, "How to Make Money in Stocks." He added technical requirements and a detailed description of its unique teacup appearance through a series of articles published in the “Investor's Business Daily” newspaper.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

XAU/USD Chart Analysis Following Israel-Iran Strikes


In 2025, the price of gold continues to form a long-term upward trend, highlighted by the black line. The red line previously acted as resistance, resulting in the formation of a contracting triangle on the XAU/USD chart – a typical sign of market equilibrium.
However, this red line was breached (as indicated by the arrow) amid news of the exchange of strikes between Israel and Iran. In response, gold price movements have more clearly outlined the rising blue channel, which began to take shape in the second half of May.
Over the weekend, the strikes continued, and on Monday morning, trading opened with a modest bullish gap. This indicates that geopolitical risk concerns are helping to keep gold prices anchored above the red line.

What could happen to the price of gold next?


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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Gold and WTI Crude Oil Regain Bullish Momentum


Gold price started a fresh surge above the $3,375 resistance level. WTI Crude oil prices climbed higher above $70.00 and might extend gains.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

 

1. Gold price started a fresh surge and traded above $3,420 against the US Dollar.
2. A key bullish trend line is forming with support at $3,415 on the hourly chart of gold at FXOpen.
3. WTI Crude oil prices started a decent increase above the $65.00 and $68.50 resistance levels.
4. There is a major bullish trend line forming with support at $71.50 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price formed a base near the $3,300 zone. The price started a steady increase above the $3,350 and $3,375 resistance levels.
There was a decent move above the 50-hour simple moving average and $3,400. The bulls pushed the price above the $3,420 resistance zone. A high was formed near $3,450 and the price is now consolidating gains.
On the downside, immediate support is near the $3,415 level and the 23.6% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high.
Besides, there is a key bullish trend line forming with support at $3,415. The next major support sits at $3,375 and the 50% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high.

A downside break below the $3,375 support might send the price toward the $3,335 support. Any more losses might send the price toward the $3,300 support zone.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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


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

What’s driving Oracle (ORCL) shares higher?
The main catalyst was the quarterly earnings report released last week:
→ Earnings per share ($1.70) exceeded analysts’ expectations ($1.64);
→ CEO Safra Catz projected revenue growth of 12–14% in upcoming quarters;
→ Company founder Larry Ellison highlighted “astronomical” demand for data centres, as well as Oracle’s competitive edge in building and servicing them.
Notably, Oracle provides infrastructure services for both OpenAI and Meta Platforms.


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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

How to Trade a Pennant Pattern



As a trader, you're always searching for new ways to stay ahead in the market. One such tool is the pennant pattern, a popular technical analysis formation that can help you identify potential bullish or bearish trends in price. The pennant is a crucial aspect in a trader's toolkit, regardless of their level of experience.
By learning pennants, you will get an additional trading tool that will help you make informed trading decisions. In this FXOpen guide, we will discuss how to spot it and apply it in your trading.

What Are Pennant Chart Patterns?
A pennant is a continuation pattern that forms during a brief pause in the current trend. They are typically seen as a smaller version of a symmetrical triangle and have features of flags with a flagpole being commonly used to determine take-profit targets. This formation can be either bullish or bearish, depending on the direction of the overall trend. A bullish pennant pattern occurs during an uptrend and signals a continuation of a bullish trend, while a bearish pennant pattern signals a continuation of a bearish trend.

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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 Financial Markets Are Reacting to the Escalation in the Middle East


The exchange of strikes between Iran and Israel continues. However, judging by the behaviour of various assets, market participants do not appear to expect further escalation:
→ Oil prices are falling. Monday’s candlestick on the XBR/USD chart closed significantly below the opening level.
→ Safe-haven assets are also retreating: the Swiss franc weakened during Monday’s U.S. session, while a bearish candle formed on the daily XAU/USD chart.
Equity markets, too, have largely held their ground.

The S&P 500 index (US SPX 500 mini on FXOpen) climbed on Monday (A→B) following reports of potential talks between Iran and the U.S. However, it pulled back (B→C) after the U.S. President urged citizens to evacuate Tehran.


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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.

Bank of Japan Leaves Interest Rate Unchanged


This morning, the Bank of Japan (BOJ) released its interest rate decision, keeping the rate unchanged as widely expected. According to Forex Factory, the BOJ Policy Rate remains at 0.5%.
BOJ Governor Kazuo Ueda noted the following:
→ Japan’s economy is recovering moderately.
→ The Bank will continue raising rates if economic and inflationary conditions improve.
→ The situation surrounding trade tariffs remains highly uncertain.
The fact that the decision was anticipated by markets is reflected in price action on the charts.



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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 Are Market Cycles And How Can You Use Them?



Market cycles are a cornerstone of financial trading, shaping the opportunities and risks faced by traders across various markets. This article delves into the key phases of market cycles, how they manifest in different trading arenas, and how traders can capitalise on these predictable patterns for trading success.

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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 Faces Rejection, USD/JPY Recovers Above 145.00


EUR/USD declined from the 1.1640 resistance and traded below 1.1550. USD/JPY is rising and might gain pace above the 145.50 resistance.

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

 

1. The Euro started a fresh decline after a strong surge above the 1.1600 zone.
2. There is a connecting bearish trend line forming with resistance at 1.1545 on the hourly chart of EUR/USD at FXOpen.
3. USD/JPY climbed higher above the 144.00 and 145.00 levels.
4. There is a key bullish trend line forming with support at 144.80 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair rallied above the 1.1600 resistance zone before the bears appeared, as discussed in the previous analysis. The Euro started a fresh decline and traded below the 1.1550 support zone against the US Dollar.
The pair declined below 1.1520 and tested the 1.1475 zone. A low was formed near 1.1475 and the pair started a consolidation phase. There was a minor recovery wave above the 1.1495 level.

The pair tested the 23.6% Fib retracement level of the downward move from the 1.1614 swing high to the 1.1475 low. EUR/USD is now trading below 1.1550 and the 50-hour simple moving average. On the upside, the pair is now facing resistance near the 1.1505 level.
The next key resistance is at 1.1545 and the 50% Fib retracement level of the downward move from the 1.1614 swing high to the 1.1475 low. There is also a connecting bearish trend line forming with resistance at 1.1545.

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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.

Natural Gas Prices on the Rise


As shown on the XNG/USD chart today, natural gas prices are trading around $3.960 per MMBtu — the highest level in over a month. This week’s series of bullish candles confirms strong demand.

Natural gas is becoming more expensive due to concerns over the military conflict between Iran and Israel. According to media reports:
→ Israel has attacked Iran’s South Pars gas field, and Donald Trump has called for the evacuation of Tehran.
→ Market participants fear that a blockade of the Strait of Hormuz could disrupt oil and natural gas supply chains.
In addition, forecasts of extreme heat in the US and increased demand for gas-powered air conditioning are also pushing prices higher.


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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.

Investors Flock to the US Dollar Amid Escalating Geopolitical Tensions


The currency pairs USD/JPY and USD/CAD are showing significant gains amid the intensifying conflict between Israel and Iran, which has pushed oil prices higher. Investor fears have driven demand for the US dollar – a so-called safe-haven asset. Statements by Donald Trump regarding the start of Iran’s “unconditional capitulation” and the US’s readiness to completely put an end to its nuclear programme have further fuelled concerns over an escalation of the conflict, thereby increasing demand for the US dollar.

Today, investor attention will be focused on the Federal Reserve meeting, which may offer signals regarding the future path of monetary policy. In addition, market participants will be closely watching upcoming US employment data, as it could influence expectations around bond yields and the trajectory of dollar pairs.
USD/JPY

The USD/JPY pair has risen to the 145.20 level, reflecting a tilt towards the dollar and a weakening yen amid geopolitical risks and rising US Treasury yields. Technical analysis of USD/JPY suggests a possible breakout above the three-week resistance at 145.60. A piercing line candlestick pattern has formed on the daily chart; if the pattern works, it could lead to a retest of the key resistance level at 146.30. At the same time, a rebound from current levels and a return to the medium-term sideways channel of 142.70–144.40 cannot be ruled out.

Events that could influence the USD/JPY pair:
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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 Hits June Low


As the GBP/USD chart shows, the pair dropped sharply last night, falling below the 1.34170 level. This move marked the lowest point for the pound against the dollar since the beginning of June.
One of the main drivers behind this decline is the strengthening of the US dollar, which is attracting market participants amid heightened geopolitical tensions and a potential escalation of military conflict between Iran and Israel, involving US armed forces. According to the latest reports, Donald Trump has warned Tehran that US patience is wearing thin.

Today, however, the pound has seen a slight rebound, supported by the release of the UK Consumer Price Index (CPI). While the data confirmed that inflation is easing, the pace of decline is slower than expected. This may reduce the likelihood of interest rate cuts by the Bank of England – which in turn has boosted the pound’s value.
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.

How to Trade Crude Oil: Different Financial Instruments


Crude oil is a dynamic and complex market, offering traders various instruments for participation. With opportunities for both short-term and long-term investment, it presents multiple avenues for exciting trading. This article delves into the different financial instruments available for crude oil trading profit, from CFDs to ETFs and everything in between.

Why Trade Crude Oil?
Crude oil, particularly its major benchmarks Brent Crude and West Texas Intermediate (WTI), is a highly traded commodity known for its significant liquidity and price volatility. These attributes make it attractive for traders looking to capitalise on price movements in either direction.
These markets operate nearly around the clock, accommodating traders across time zones. The best time to trade crude oil is usually during the overlap of the New York and London market hours, where liquidity is at its highest, facilitating more efficient trades.

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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 and CHF Extend Decline Following Fed Meeting, Market Focus Shifts to Bank of England and Swiss National Bank Decisions



The British pound and the Swiss franc remain under pressure against the US dollar following the Federal Reserve’s latest meeting, where the regulator left its key interest rate unchanged and signalled no rush to shift the course of monetary policy.
Despite easing inflation, the Fed has maintained a relatively hawkish stance, citing the need for convincing evidence of sustained disinflation. Combined with escalating global geopolitical tensions, this has supported the US dollar and contributed to its strength.

Against this backdrop, market participants have turned their attention to today’s decisions by the Swiss National Bank (SNB) and the Bank of England (BoE). According to the consensus forecast, the SNB may lower its rate by 25 basis points to 0.00%, which could exert downward pressure on the Swiss franc.
Meanwhile, divisions persist within the BoE: while some members of the committee may vote in favour of policy easing, the majority are likely to support holding the rate steady. The outcome of the vote will be a key driver for the short- and medium-term trajectory of the pound.
In the coming sessions, markets are expected to closely monitor signals from the regulators and the performance of the dollar. Should the external backdrop remain unchanged—and if a rate cut in Switzerland is confirmed alongside a more dovish stance from the BoE—pressure on local currencies could intensify.




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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.

Coinbase (COIN) Shares Rise Following Stablecoin Legislation Approval


Shares in Coinbase Global (COIN) surged by 11% yesterday, making the company the top performer in the S&P 500 index (US SPX 500 mini on FXOpen).
The sharp rise was driven by news that the US Senate has approved the GENIUS stablecoin bill, which sets out a regulatory framework for the use of stablecoins — crypto assets whose value is pegged to another currency or financial instrument, such as the US dollar.

The bill (which still requires approval from the House of Representatives) would pave the way for banks, fintech companies, and other financial market participants to use stablecoins. This development acted as a strong bullish catalyst for COIN 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.

Silver Price Retreats from 2012 Highs



As shown on the XAG/USD chart, the price of silver climbed above $37 per ounce yesterday — a level not seen since 2012. However, this morning, the price has dropped by approximately 2.5% from yesterday’s peak.
The bullish driver behind the rally has been fears that the US could become involved in a military conflict between Israel and Iran. Concerns in financial markets intensified after media reports stated that US officials are preparing for a potential strike on Iran.

Another factor influencing silver's price was the Federal Reserve’s decision to keep interest rates unchanged and maintain a cautious policy stance. Yesterday, Jerome Powell warned that President Trump’s tariffs could fuel inflation (a bullish signal for silver) and complicate the economic outlook.



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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.