Daily Market Analysis By FXOpen

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XBR/USD Analysis: Price Near Resistance Zone

As seen on the XBR/USD chart, Brent crude oil prices are hovering near last week’s highs this morning as market participants assess various influencing factors, including:

→ New U.S. sanctions on Iran, which are limiting its export capacity and tightening global supply, particularly to China.
→ Ongoing negotiations between the U.S., Ukraine, and Russia in Saudi Arabia, which could potentially lead to increased Russian oil exports.
→ OPEC+ plans to raise oil production starting in April.

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

 

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S&P 500 Analysis: Markets Start the Week on a Positive Note

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

However, this morning, markets are showing signs of optimism following reassuring statements from officials over the weekend.

According to Reuters:
→ Trump announced plans to hold talks with Chinese President Xi Jinping, while the U.S. Trade Representative is set to meet his Chinese counterpart this week.
→ The European Union has taken a conciliatory stance, delaying its initial countermeasures against the U.S. until mid-April.

As a result, sentiment appears to have shifted towards optimism, with the S&P 500 index (US SPX 500 mini on FXOpen) trading approximately 4% above this month’s low.

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.

 

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Market Insights with Gary Thomson: 24 - 28 March

Market Insights with Gary Thomson: UK & US Inflation, US Durable Goods Orders, and Earnings Reports

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

In this episode, we discuss:

- UK Inflation Rate
- US Durable Goods Orders
- US PCE Price Index
- Corporate Earnings Statements

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






Watch 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.

 

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Leveraging Social Media for Market Research in Trading

It’s impossible to imagine modern trading or sound asset management without relying on news and current events in the world. The theory states that it is not safe to go without news in trading. Along with traditional information channels, such as government websites and reputable news publishers, social networks are becoming popular.

Using social media is one of the ways to conduct market research. The information posted is not considered unconditionally reliable; however, it’s possible to extract useful insights and information from closed communities, which a trader won’t find on Forbes, for example.

This FXOpen article explores how social media data helps traders understand market trends, assess sentiment, and follow news in real time. You’ll learn why social networks play an important role in making informed trading decisions.

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

 

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Forex Traders Focus on Trump’s Tariff News

As April 2 approaches—the date when Trump's international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue.

Yesterday, the U.S. president stated that:
→ Tariffs on cars would be introduced "soon" (but not all possible tariffs would be imposed);
→ Some countries might receive exemptions;
→ Nations purchasing oil from Venezuela could face 25% tariffs.

Following these remarks:
→ Oil prices rose;
→ U.S. stocks gained as Wall Street (according to Reuters) interpreted the comments as a sign of flexibility in trade negotiations.

Given this backdrop, the EUR/CAD chart is particularly interesting, as both Europe and Canada frequently feature in news related to the White House's trade policies.

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.

 

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ADX Trend-Based Strategies

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

Understanding the ADX Trend Indicator

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

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

 

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

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

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

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

EUR/USD Technical Analysis

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

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

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.

 

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European Currencies Correct to Key Support Levels

The appreciation of European currencies observed over the past two months has stalled after testing key medium-term levels. The single European currency, having fallen just short of 1.0000, formed a bearish engulfing pattern and retreated below 1.0800. GBP/USD buyers failed to hold the price above 1.3000, and last week the pair was trading below 1.2900.

Several important macroeconomic indicators are set to be released in the upcoming trading sessions, which may provide insight into whether the current trends will persist.

EUR/USD

A reversal pattern on the daily timeframe from 18 March interrupted the pair’s nearly uninterrupted upward movement from the 1.0360 level.

Technical analysis of EUR/USD suggests a potential decline towards 1.0700–1.0680 if the pair continues to trade below 1.0820–1.0800. A break above 1.0860 could resume the upward movement towards the key psychological resistance level of 1.1000.

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.

 

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UK Inflation Declines

Today, the latest UK Consumer Price Index (CPI) figures were released. According to ForexFactory:

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

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

 

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Boeing (BA) Share Price Rally Slows Near Key Resistance

The Boeing (BA) stock chart shows that since its March low, the price has surged by approximately 25%, significantly outperforming the S&P 500 index (US SPX 500 mini on FXOpen).

This rally was driven by the news that Boeing secured a contract to develop the next generation of fighter jets for the U.S. Navy, beating its main competitor, Lockheed Martin.

According to Business Insider, this success is tied to Boeing’s development of the F-47 fighter jet under the Next Generation Air Dominance (NGAD) programme, which will bring the company contracts worth around $20 billion.

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.

 

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Simple Portfolio Management Strategies

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

Investment Portfolio: Fundamentals

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

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

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

 

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Nvidia (NVDA) Share Price Continues Bearish Trend

Earlier this month, our analysis of NVDA's share price led us to:

→ Establish a downward channel (marked in red).

→ Suggest that the lower boundary could act as support, which was confirmed (circled).

On 13 March, we anticipated the median line of this channel might serve as resistance, and yesterday’s ~5% drop in NVDA’s share price (marked by a red arrow) aligns with this scenario.

As a result, NVDA’s price has declined by approximately 17% since the start of 2025, despite being a market leader in 2024.

Why Did Nvidia (NVDA) Shares Drop Yesterday?
Market sentiment turned negative amid concerns that the Trump administration may soon impose previously delayed international trade tariffs.

Additionally, the Financial Times reported that Chinese regulators are encouraging firms to adopt data centre chips that meet stringent environmental standards. This raises concerns that Nvidia’s H20 chip, despite complying with U.S. export controls, may not meet China’s environmental regulations. Investors seemingly viewed this as a bearish signal for Nvidia’s future sales in China.

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.

 

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XNG/USD Analysis: Natural Gas Price Drops to March Low

On 27 January, our analysis of the natural gas chart highlighted the formation of an ascending channel. Later, on 10 March, we noted that the sharp price increase had created technical conditions for a correction.

Since then, as indicated by the arrow on the XNG/USD chart, natural gas prices have declined by approximately 19%.

Why Is the Price of Natural Gas Falling?
Unseasonably Warm Weather: Atmospheric G2 reported on Wednesday that forecasts now indicate significant warming across the eastern half of the U.S. from 31 March to 4 April. This could reduce demand for natural gas used in heating.
Rising Inventories: According to the EIA’s forecast, weekly natural gas storage levels are expected to increase by +33 billion cubic feet over the past week.

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.

 

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Announcement of New Tariffs Boosts the US Dollar

Yesterday, it was revealed that Donald Trump plans to introduce new 25% tariffs on cars not manufactured in the United States. This duty will be added to existing tariffs and is set to take effect on 2 April. The White House believes that these measures will support the US economy and, in the long term, create new jobs.

At the same time, critics warn that the new tariffs could trigger inflation and lead to a recession. Currently, markets are responding to the news with a strengthening of the US dollar.

USD/JPY

Following the formation of a bullish engulfing pattern on 11 March, USD/JPY buyers have managed to hold above the key resistance level of 150.00.

Technical analysis suggests that if the pair continues trading above 149.30–149.00, further growth towards the 152.00–151.20 range is possible. A break below 149.00 could trigger a new downward move, potentially leading to a retest of the March lows at 146.60.

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.

 

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How to Perform Order Flow Analysis in Forex

In trading, understanding the mechanics behind market movements is crucial. This article delves into the concept of order flow analysis, focusing on its unique challenges in the decentralised forex market, and offers alternative strategies rooted in supply and demand dynamics.

Order Flow Analysis and Its Limitations in Forex

Order flow analysis serves as a powerful lens through which traders examine the buying and selling activity in a market. In conventional markets like stocks or commodities, it involves scrutinising various data points sourced from a centralised exchange, such as bid-ask spreads, volume, and types of orders, to gauge the market’s direction.

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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.

 

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Gold Price Hits Record High

On 19 March, we reported that gold had surpassed $3,000 per ounce for the first time in history and suggested this psychological level could be tested.

As shown on the XAU/USD chart, the price briefly dipped below $3,000 but quickly rebounded. According to the Smart Money Concept methodology, this may have been a liquidity sweep triggered by stop-loss orders placed below the key level. Regardless, the test occurred (as indicated by the arrow), and the bulls resumed the rally. The new all-time high is now around $3,080 and could be broken again today.

Why Is Gold Rising?
➝ Uncertainty over Trump’s tariff plans
➝ Expectations of lower interest rates

Gold is traditionally seen as a hedge against economic and political uncertainty and tends to perform well in a low-rate environment. Analysts at Goldman Sachs have raised their year-end 2025 gold price forecast to $3,300.

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.

 

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Ford (F) Share Price Drops Following Trump's Tariffs

President Trump has fulfilled his promise to impose tariffs on foreign car manufacturers, introducing a 25% tariff on all cars and light trucks not made in the United States, as well as on "certain auto parts."

As reported by Yahoo Finance: "This will continue to drive growth like you've never seen before," Trump stated from the White House on Wednesday while signing the tariff order. The 25% tariffs are set to take effect on 2 April, adding to existing duties. The White House announced that $100 billion in annual tariffs would be collected.

Why Have Ford (F) Shares Fallen?
Trump’s decision has led to a sharp drop in car manufacturers’ share prices, particularly in Europe. However, shares of American automakers have also declined. Ford (F) shares, according to the price chart, fell by approximately 4% yesterday.

This decline is due to the fact that Ford (as well as GM and Stellantis) has manufacturing facilities in Canada, Mexico, and China, which now means higher costs due to the impact of tariffs on supply chains.

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.