Daily Market Analysis By FXOpen

Silver: Structural Deficit Amid Declining Demand



Fundamental Background
The structural deficit in the silver market has now persisted for a sixth consecutive year. According to forecasts by the Silver Institute, the gap between supply and demand in 2026 is expected to reach 67 million ounces, forcing the market to rely on accumulated reserves. However, the demand picture remains uneven.
Industrial consumption continues to decline, primarily due to the photovoltaic sector, where solar panel manufacturers are actively reducing the amount of silver used per cell in response to elevated prices. Against this backdrop, investment demand remains resilient: global ETP holdings have reached approximately 1.31 billion ounces, while silver lease rates in London have climbed to record highs amid a growing physical shortage.



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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.

Weekly Market Insights with Gary Thomson: US Inflation, UK GDP, and US-China Meeting


In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the most critical events driving global markets.
Key topics covered in this episode:
- US Inflation Rate
- UK GDP Data
- US-China Meeting
To summarise, the market outlook remains driven by a combination of macroeconomic data and geopolitical developments, with no clear dominant trend yet established.
In this environment, traders closely monitor incoming data, being flexible and getting ready for short-term volatility.

Gain insights to strengthen your trading knowledge.

Watch it now and stay updated with 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.

Market Analysis: GBP/USD Trades Sideways, USD/CAD Rally Still Looks Strong


GBP/USD is attempting a consolidation phase above 1.33500. USD/CAD is showing positive signs and might aim for more gains above 1.3725.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound started a recovery wave above 1.3515 and 1.3550.
- There is a key bearish trend line forming with resistance near 1.3620 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD rallied above 1.3650 and 1.3680 before the bears appeared.
- There was a break above a bearish trend line with resistance at 1.3695 on the hourly chart at FXOpen.

GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from 1.3635 after a decent increase. The British Pound traded below 1.3600 to again move into a short-term bearish zone against the US Dollar.
The pair even traded below 1.3580 and the 50-hour simple moving average. Finally, the bulls appeared near 1.3550. A low was formed near 1.3547, and the pair is now attempting a short-term recovery wave.


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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.

Dollar Gains After CPI: USD/JPY and USD/CAD Test Resistance


The US dollar strengthened following the release of stronger-than-expected inflation data, which reinforced expectations that the Federal Reserve will maintain a restrictive monetary policy stance. US consumer prices rose to their highest levels since May 2023, renewing concerns over persistent inflationary pressure. This pushed Treasury yields higher and supported demand for the dollar. Additional support came from renewed speculation among some market participants that the Fed could still consider further tightening.

Despite the stronger dollar, the continuation of the upward move remains uncertain. Following the sharp rally, both USD/JPY and USD/CAD tested important resistance levels, but the market has so far failed to secure a sustained break above them. This suggests that investors remain cautious and that the latest bullish impulse has yet to be fully confirmed.


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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: EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move


EUR/USD declined from 1.1800 and traded below 1.1750. USD/JPY is rising and might gain pace above 158.00 and 158.80.

Important Takeaways for EUR/USD and USD/JPY Analysis Today
- The Euro started a fresh decline after a decent move to 1.1800.
- There was a break below a key bullish trend line with support at 1.1765 on the hourly chart of EUR/USD at FXOpen.
- USD/JPY climbed higher above the 156.40 and 157.10 levels.
- There is a major bullish trend line forming with support at 157.40 on the hourly chart at FXOpen.

EUR/USD Technical Analysis


On the hourly chart of EUR/USD at FXOpen, the pair climbed above the 1.1780 resistance zone before the bears appeared, as discussed in the previous analysis. The Euro started a fresh decline and traded below 1.1765 against the US Dollar.

There was a break below a key bullish trend line with support at 1.1765. The pair declined below 1.1750 and tested 1.1720. A low was formed near 1.1721 and the pair 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.

EUR/USD and GBP/USD Return to Ranges Ahead of Key Data


European currencies have moved into a corrective phase following recent gains, while market participants focus on upcoming macroeconomic data from the UK, the eurozone and the United States. After a strong upward move, both currencies returned to their previous trading ranges, signalling a shift towards consolidation ahead of important economic releases. Additional pressure on the euro and pound is coming from partial profit-taking after the earlier weakening of the US dollar.

Investors will assess data on UK GDP, industrial production and business activity across European economies. These figures may influence expectations regarding future actions by the Bank of England and the European Central Bank. At the same time, markets continue to monitor US statistics, including retail sales and jobless claims, which could affect expectations surrounding future Federal Reserve policy.


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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: Weak Earnings and Record Trading Volume After Results


Fundamental Background
On 13 May, Alibaba Group released its financial results for the fourth quarter of fiscal year 2026. Revenue reached RMB 243.38 billion ($35.28 billion), up 3% compared with the same period a year earlier. The company reported an operating loss of RMB 848 million ($123 million), compared with an operating profit of RMB 28.46 billion in the corresponding quarter last year. The decline was driven by heavy investment in AI infrastructure and subsidies for the Taobao Instant Commerce rapid-delivery service. Non-GAAP net profit fell by 100% to RMB 86 million ($12 million).

The only notably positive segment was cloud computing: revenue from external clients increased by 40%, while AI-related product revenue posted strong growth for the eleventh consecutive quarter, according to the company’s press release.


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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: Sterling Under Pressure Despite Strong GDP Data


Fundamental Background
UK GDP grew by 0.6% in the first quarter of 2026, notably above the revised 0.2% reading recorded in the fourth quarter of 2025. The main contribution came from the services sector, which expanded by 0.8%. Nevertheless, strong macroeconomic data failed to support sterling: CPI inflation accelerated to 3.3% year-on-year in March, up from 3.0% in February, mainly due to higher motor fuel prices linked to the Middle East conflict.

At its meeting on 30 April, the Bank of England kept the base rate unchanged at 3.75% in an 8–1 vote, while several MPC members signalled the possibility of further tightening should inflationary pressure persist. According to the International Monetary Fund, UK GDP growth in 2026 is expected to reach only 0.8%, representing the largest downgrade among G7 economies.


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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.

Fed vs ECB vs BOJ — Key Considerations for H2 2026


At the start of 2026, markets expected Fed cuts, BOJ hikes, and an ECB pause.
But rising inflation, higher energy prices, resilient US growth, and shifting central bank rhetoric are forcing traders to rethink the entire macro outlook for H2 2026.

- Fed rate hike expectations are rising again
- The ECB is turning more hawkish amid energy-driven inflation risks
- The BOJ remains an important factor to monitor for FX markets and carry trades

Policy divergence between major central banks could become a closely watched factor for FX markets in the second half of the year.

Watch it now and stay updated with 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.

Market Analysis: Gold Slips As WTI Crude Oil Rally Gains Fresh Momentum


Gold price extended losses below $4,650 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $105.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price failed to clear $4,800 and declined steadily against the US Dollar.
- There is a key bearish trend line forming with resistance at $4,625 on the hourly chart of gold at FXOpen.
- WTI Crude oil prices are moving higher above the $100.00 pivot zone.
- There is a connecting bullish trend line forming with support at $101.80 on the hourly chart of XTI/USD at FXOpen.
Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price failed to settle above $4,800 and reacted to the downside, as discussed in the previous analysis. The price traded below $4,750 and $4,700 to enter a short-term bearish zone.
There was a sharp drop below $4,650. The price settled below the 50-hour simple moving average, and RSI dipped below 30. Finally, it tested the $4,480 zone. A low was formed at $4,480, and the price is now correcting some losses.

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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.

WTI: Falling Production and Deadlock in Negotiations


Fundamental Background
As a result of the military conflict between the United States and Iran, the combined volume of halted oil production in Iraq, Saudi Arabia, Kuwait, the UAE, Qatar and Bahrain reached 10.5 million barrels per day in April, triggering record declines in global oil inventories. The U.S. Energy Information Administration forecasts a drop in global inventories of 8.5 million barrels per day in the second quarter of 2026 before supplies through the strait begin to recover.
An additional structural factor came from the UAE’s withdrawal from OPEC, which took effect on 1 May 2026 and reduced the cartel’s available spare production capacity. On the diplomatic front, negotiations continue without clear progress: according to available reports, Iran is prepared to accept a long-term nuclear freeze, but not the full dismantling of its nuclear programme, while both sides continue discussing conditions through intermediaries.


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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.

Scalping Indicators in Forex and CFD Trading


Scalping indicators are technical tools that signal entries and exits in forex and CFD markets. They are typically applied on 1-minute to 5-minute charts during very short-term trades. These forex scalping indicators process price, momentum, and volatility data into structured readings. They suit conditions defined by tight spreads, fast execution, and small price fluctuations.

Scalpers execute many trades over minutes or seconds, aiming to capture minor price moves in active markets. Technical indicators offer the structured signals needed to support these fast decisions. This article covers the main indicators for scalping and their application to intraday trading.

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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.

Imbalance Trading in Forex and CFDs


An imbalance in trading is a price zone where supply or demand heavily outweighs the opposite side, causing a sharp directional move with little trading in between. These zones sit at the heart of Smart Money Concept analysis. They shape how traders read momentum, structure, and entry points across forex and CFDs.
This article covers what drives imbalance in forex and CFDs and how it shows up on a chart. It walks through how an imbalance trading strategy may be built around price action, the link between an order flow imbalance and liquidity, and the difference between imbalance zones, fair value gaps, and order blocks.

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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 and NZD/USD Fresh Decline Signals More Weakness Ahead



AUD/USD failed to stay in a positive zone and declined below 0.7150. NZD/USD is also moving lower and might extend losses below 0.5800.

Important Takeaways for AUD/USD and NZD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above 0.7200 against the US Dollar.
- There is a bearish trend line forming with resistance at 0.7120 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD declined steadily from 0.5965 and traded below 0.5880.
- There is a key bearish trend line forming with resistance at 0.5855 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear 0.7220. The Aussie Dollar started a fresh decline below 0.7150 against the US Dollar.
The pair even settled below 0.7120 and the 50-hour simple moving average. There was a clear move below 0.7100. A low was formed at 0.7081, and the pair is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the 0.7184 swing high to the 0.7081 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.

Commodity Currencies Retreat Ahead of the Release of the FOMC Minutes


AUD/USD is pulling back from local highs, while USD/CAD continues to recover amid a stronger US dollar and ahead of the release of the Federal Reserve minutes. Following an extended rally, commodity-linked currencies have entered a corrective phase, although the current move still appears more like profit-taking and a test of key technical levels than a full trend reversal. Market participants remain cautious ahead of the publication of the FOMC minutes, which could reshape expectations regarding the future path of US interest rates.

Additional investor attention will focus on tomorrow’s batch of Australian economic data, including labour market figures and inflation expectations. These indicators may influence expectations surrounding the Reserve Bank of Australia’s next policy steps. At the same time, the US dollar continues to draw support from rising Treasury yields and a broader decline in risk appetite ahead of key Fed-related releases.



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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: Beijing Optimism Overshadowed by Debt Risks


Fundamental Background
On 14–15 May, a high-level US–China summit took place in Beijing, where both sides discussed the potential easing of trade tensions and certain mutual concessions. Against a backdrop of positive expectations, the S&P 500 closed above 7,500 points for the first time, while the Dow Jones returned to the psychologically significant 50,000 mark.

At the same time, markets continue to feel pressure from US debt-related risks: the country’s credit rating remains below the highest tier, while the growing federal budget deficit and accumulated debt burden are increasing investors’ sensitivity to fiscal risks. The combination of trade optimism and budgetary vulnerabilities is creating a mixed and more volatile fundamental backdrop for the S&P 500.


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

Euro and Sterling Strengthen After Volatile Support Tests


EUR/USD and GBP/USD have moved into recovery mode following a sharp test of key support levels, although the market remains cautious ahead of the release of important macroeconomic data from the US, the eurozone and the UK. Earlier this week, the European currencies came under pressure: GBP/USD fell towards the 1.3300 area, while EUR/USD tested support at 1.1600. However, the successful defence of these levels triggered active profit-taking on the US dollar and a subsequent corrective rebound in the European currencies.

In the coming trading sessions, investors’ attention will focus on the publication of PMI business activity indices in the eurozone, the UK and the US, as well as US housing market data and jobless claims statistics. The market is assessing signs of a further slowdown in the US economy following recent indications of weakening business activity, which is partly limiting the potential for further dollar appreciation.


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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.

Overbought vs Oversold Stocks Explained


An overbought stock has risen sharply and may sit above its underlying value, while an oversold stock has fallen sharply and may sit below it. In technical analysis, these conditions are used to identify markets that may be approaching a pause, slowdown, or potential price reversal.

The oversold stock meaning refers to a market condition where selling pressure has pushed a stock’s price lower than its recent trading range or momentum may justify. Overbought conditions reflect the opposite scenario, where strong buying activity has driven prices rapidly higher.

To identify these market conditions, traders often use technical indicators such as the Relative Strength Index (RSI), Stochastic Oscillator, and MACD. This article explains what overbought and oversold stocks and stock CFDs are, how these indicators work, and the limitations traders should consider when interpreting their signals.

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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.

Australian Dollar Loses Momentum After May Peaks


Fundamental Background
The RBA’s third consecutive interest rate increase to 4.35% reflects the regulator’s concern over rising inflation: the conflict in the Middle East is increasing energy costs and putting upward pressure on prices. Annual consumer inflation stood at 4.6% in March. Analysts at CBA believe this rate hike should be sufficient, with the base-case scenario pointing to rates remaining unchanged until the end of 2026, provided neither the federal budget nor second-quarter inflation data deliver major surprises.

At the same time, the Australian dollar failed to hold near its May highs, as rising demand for safe-haven assets amid global uncertainty weighed on risk-sensitive currencies.


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

4 Popular 1-Minute Scalping Strategies (VWAP, MACD, RSI, ALMA & More)



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In this video, we break down 4 popular 1-minute scalping strategies designed for fast-paced trading conditions and short-term momentum trades.
If you trade the 1-minute timeframe, you already know that price action is often driven by rapid movements, volatility spikes, and quick reversals. That’s why professional traders prefer a structured approach using proven trading indicators.

We cover four widely used scalping strategies:
1. VWAP + MACD Trend Strategy
2. Keltner Channels + RSI Breakout Strategy
3. ALMA + Stochastic Reversal Strategy
4. RSI + Bollinger Bands Mean Reversion Strategy

These strategies are not edges on their own — they are frameworks. The difference comes down to how consistently they are executed when the market speeds up.

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.