Daily Market Analysis By FXOpen

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Market Analysis: AUD/USD and NZD/USD Struggle to Sustain Gains—What’s Next?

AUD/USD declined below the 0.6320 and 0.6300 support levels. NZD/USD is also moving lower and might extend losses below 0.5700.

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

• The Aussie Dollar started a fresh decline from well above the 0.6320 level against the US Dollar.
• There is a connecting bearish trend line forming with resistance at 0.6300 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD declined steadily from the 0.5760 resistance zone.
• There is a major bearish trend line forming with resistance at 0.5715 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 the 0.6330 zone. The Aussie Dollar started a fresh decline below the 0.6300 support against the US Dollar, as discussed in the previous analysis.

The pair even settled below 0.6280 and the 50-hour simple moving average. There was a clear move below 0.6270. A low was formed at 0.6269 and the pair is now consolidating losses.

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: 31 March - 4 April

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:

- RBA Interest Rate Decision
- US Nonfarm Payrolls and Unemployment Rate
- 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.

 

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What Are the Most Popular Momentum Indicators for Trading?

Want to master the art of momentum trading? Look no further. In this FXOpen article, we’ll explore how to use momentum indicators, the signals they generate, and five most popular momentum indicators for trading.

What Is a Momentum Indicator?

Momentum in technical analysis refers to the rate at which an asset's price accelerates or decelerates, helping traders identify potential trend continuations or reversals.

A momentum indicator is a tool used in technical analysis to measure the speed and strength of an asset’s price movements. By analysing changes in price over a specific period, these indicators provide insights into the underlying force driving market trends.

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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Brent Crude Oil Price Rises Above $71

Brent crude oil is trading above $71 per barrel today, marking its highest level since late February. As shown on the XBR/USD chart, the price surged by approximately 2.6% on the last day of March.

Why Has Oil Risen?
Bullish sentiment in the market is driven by the US President’s stance on Russia and Iran. According to Trading Economics:

➝ Trump has vowed to impose tariffs of 25–50% on buyers of Russian oil if he believes Moscow is obstructing his efforts to end the war in Ukraine. This could put pressure on key importers such as India and China.
➝ He has also threatened Iran with further tariffs and airstrikes until the country agrees to abandon its nuclear weapons programme.

The rise in Brent crude prices appears to reflect traders’ concerns over potential disruptions to global oil 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.

 

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Moderna (MRNA) Shares Plunge Nearly 9%

Moderna (MRNA) shares tumbled by approximately 8.9%, falling below $29—marking their lowest level since April 2020, when global markets were shaken by the COVID-19 pandemic.

Since the start of 2025, MRNA’s share price has declined by around 32%.

Why Did MRNA Shares Drop?
On Monday, MRNA led the decline among US biotech stocks following the resignation of Peter Marks, director of the FDA’s Center for Biologics Evaluation and Research. Marks had held this position for over a decade.

During Trump’s first term, Marks oversaw the rollout of COVID-19 vaccines and established guidelines for emerging treatments such as cell and gene therapy.

However, in Trump’s second term, Robert F. Kennedy Jr. now serves as Health Secretary. According to The Wall Street Journal, Marks criticised Kennedy’s stance on vaccines in his resignation letter, calling it “misinformation and lies.”

The pharmaceutical industry was already under pressure amid speculation that Trump’s tariff plans could extend to prescription drugs, which are typically exempt from such measures. Marks' departure has further intensified uncertainty regarding regulatory decisions under the new administration.

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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What Is Random Walk Theory and Its Implications in Trading?

Random walk theory argues that market prices move erratic, making it difficult to analyse past data for an advantage. It suggests that technical and fundamental analysis provide little to no edge, as prices instantly reflect all available information. While some traders embrace this idea, others challenge it. This article explores the theory, its implications, criticisms, and what it means for traders navigating financial markets.

What Is Random Walk Theory?

Random walk theory reflects the idea that financial markets move erratic, making it impossible to analyse past price data for an advantage. The theory argues that price changes are random and independent, meaning past movements don’t influence future direction. This challenges both technical and fundamental analysis, arguing traders who attempt to time the market are essentially guessing.

The concept was first introduced by Maurice Kendall in 1953, who found no meaningful patterns in stock prices. Later, Burton Malkiel popularised it in A Random Walk Down Wall Street (1973), arguing that a blindfolded monkey throwing darts at a stock list would perform as well as professional traders. The underlying principle is that markets are efficient, instantly reflecting all available information.

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 Analysis: GBP/USD Eyes Fresh Gains While USD/CAD Dips

GBP/USD started a fresh increase above the 1.2900 zone. USD/CAD declined and now consolidates below the 1.4350 level.

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

• The British Pound is eyeing more gains above the 1.2970 resistance.
• There is a key bearish trend line forming with resistance at 1.2935 on the hourly chart of GBP/USD at FXOpen.
• USD/CAD started a fresh decline after it failed to clear the 1.4415 resistance.
• There was a break below a major bullish trend line with support at 1.4310 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 1.2870 level. The British Pound started a steady increase above the 1.2900 resistance zone against the US Dollar, as discussed in the previous analysis.

The pair surpassed the 50% Fib retracement level of the downward move from the 1.2972 swing high to the 1.2879 low. The pair is now consolidating near the 1.2925 zone and the 1.2420 level and the 50-hour simple moving average.

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 Braces for Increased Volatility Ahead of New Tariffs

Amid global economic uncertainty and anticipation of new tariffs, major currency pairs continue to test key levels. In recent weeks, market participants have been exercising caution, awaiting potential changes in trade policy that could significantly impact exchange rates. The introduction of new tariffs by the Trump administration could also put pressure on European currencies, adding another layer of uncertainty and volatility to the market. In the coming days, investors will focus on which tariffs will take effect from April and how this might influence the trajectory of leading currency pairs.

EUR/USD

The euro, after rebounding from 1.0950, tested key support at 1.0730 and is currently trading within a narrow range of 1.0850–1.0750. Technical analysis of EUR/USD suggests a possible continuation of the downward trend, as a series of bearish reversal patterns has formed on the daily chart.

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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Gold Prices Hover Near Record Highs Ahead of Trump’s Tariff Announcement

As shown on the XAU/USD chart today, gold prices are fluctuating near their all-time high, set when the price of an ounce surpassed $3,140 for the first time in history.

Gold has risen by approximately 19% in the first three months of 2025.

Why Is Gold Rising?
On 2 April, traders' sentiment is driving gold prices higher in anticipation of US President Trump’s tariff announcements, expected later this evening.

This event enhances gold’s appeal as a safe-haven asset, as concerns grow that Trump’s aggressive trade policies could slow global economic growth and fuel inflation.

Additionally, media reports highlight strong demand for gold from central banks, while exchange-traded funds linked to the precious metal are seeing capital inflows from investors concerned about geopolitical uncertainty.

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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Johnson & Johnson (JNJ) Shares Drop Over 7%

As the chart shows, Johnson & Johnson (JNJ) shares declined by approximately 7.6%, reaching their lowest level since late February. This marked one of the worst performances in the stock market yesterday.

Why Did JNJ Shares Fall?
Two major bearish factors contributed to the decline:

A Texas judge rejected Johnson & Johnson's third attempt to settle lawsuits related to allegations that its baby powder and other talc-based products harmed consumers.
On Tuesday, Johnson & Johnson announced that its upcoming acquisition of Intra-Cellular Therapies is expected to dilute adjusted earnings per share by approximately $0.25 for the full year 2025. Investors appear to have reacted negatively to this outlook, despite the company’s expectation that the deal will generate around $700 million in additional sales.

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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Analytical Tesla Stock Predictions for 2025 – 2030 and Beyond

Tesla has been at the forefront of the electric vehicle revolution, capturing the imagination of investors and the general public alike since the launch of the Roadster in 2008. From the debut of the Model S to the unveiling of the Cybertruck, Tesla has redefined what’s possible in the automotive world. But what’s next for this pioneering company? In this article, we delve into Tesla’s recent stock performance, assess its outlook for 2025, and offer detailed analytical forecasts through to 2030 and beyond.

Tesla: How It Started

Tesla was founded in 2003 by engineers Martin Eberhard and Marc Tarpenning, with the vision of creating electric vehicles that could rival traditional combustion-engine cars in performance and style. Elon Musk joined Tesla shortly after as a chief executive officer, leading a series of investments that would shape the company’s future.

Tesla’s first car, the Roadster, launched in 2008 and set the stage for what the brand would become—an innovator in high-performance electric vehicles. The Roadster could travel over 200 miles on a single charge, shattering public scepticism about EV capabilities and proving that electric cars could be fast, efficient, and practical.

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 Analysis: Gold and WTI Crude Oil Crash As Trade War Escalates

Gold price started a fresh decline below $3,050. WTI Crude oil is down over 10% and remains at risk of more losses.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

• Gold price climbed higher toward the $3,150 zone before there was a sharp decline against the US Dollar.
• A key bearish trend line is forming with resistance near $3,068 on the hourly chart of gold at FXOpen.
• WTI Crude oil prices extended downsides below the $65.00 support zone.
• A major bearish trend line is forming with resistance near $60.70 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 $3,050 resistance. The price even spiked above $3,150 before the bears appeared.

A high was formed near $3,167 before there was a fresh decline. There was a move below the $3,100 support level. The bears even pushed the price below the $3,000 support and the 50-hour simple moving average.

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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Nasdaq 100 drops to its lowest level since January 2024

According to the chart of the Nasdaq 100 (US Tech 100 mini on FXOpen), the index opened this week around the 16,500 mark – a price level last seen in early 2024.

This suggests that the sharp sell-off in equities seen last Thursday and Friday may well continue today.

Stock indices respond to Trump’s tariffs
Treasury Secretary Scott Bessent said on NBC News’ Meet the Press that there is “no reason” to expect a recession.

However, equity charts reflect market sentiment described by CNN Business’s Fear & Greed Index as “extreme fear”. This wave of negativity followed President Trump’s announcement on 2 April of harsher-than-expected international trade tariffs. In response, China and other nations announced retaliatory measures.

As a result, the Nasdaq 100 (US Tech 100 mini on FXOpen) now trades roughly 25% below its 2025 peak – officially entering bear market territory.

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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NZD/USD Analysis: Exchange Rate Nears 2025 Low

Less than a month ago, we analysed the NZD/USD chart and:
→ highlighted the key resistance level at 0.5800;
→ outlined a potential scenario involving a decline from that zone.

Now, the NZD/USD pair is trading close to its lowest level of 2025, recorded on 3 February near 0.5525. The latest surge in volatility appears to be driven by President Trump’s widely discussed decision to impose substantial tariffs on trade with multiple countries.

For context, the Australian dollar has fallen to a five-year low amid concerns that retaliatory trade measures could trigger a global recession. The New Zealand dollar, however, has remained somewhat more stable — possibly because traders are anticipating Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting, where the central bank may signal efforts to stabilise the currency. According to Forex Factory, a rate cut from 3.75% to 3.50% is expected.

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: April 7 - 11

Market Insights with Gary Thomson: FOMC Minutes, US Inflation Rate, US PPI, 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:

- FOMC Meeting Minutes
- US Inflation Rate
- US Producer 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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Analytical NVIDIA Stock Price Predictions for 2025-2030 and Beyond

NVIDIA has become a dominant force in technology, driving innovation in AI, data centres, and next-generation computing. Its stock has seen substantial growth, becoming a key player for investors to watch closely.

This article breaks down NVIDIA’s stock forecasts for 2025, 2026, and beyond, exploring its financial performance, market potential, and future opportunities in areas like autonomous vehicles and the Internet of Things (IoT). Discover what could shape NVIDIA’s future and its stock's potential trajectory.

NVIDIA’s Price History

NVIDIA’s stock price has undergone an extraordinary transformation since its early days, moving from a graphics pioneer to a tech powerhouse. Understanding its price history offers valuable insight into the key milestones that have shaped NVIDIA's rise in the market, from its early challenges to its recent dominance in AI and data centres. Let’s look at how NVIDIA’s stock has evolved over the years.

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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Hang Seng Index Plunges by Around 13%

Hong Kong’s Hang Seng Index (Hong Kong 50 on FXOpen) tumbled by over 13% as trading resumed after the weekend with a sharp bearish gap.

According to media reports, this marked the biggest single-day drop since the 1997 Asian financial crisis.

Hang Seng Index Chart
In our analysis of the upward trend on the Hang Seng (Hong Kong 50 on FXOpen) chart a month ago, we noted that:
→ investor enthusiasm around artificial intelligence was still fuelling the rally;
→ however, the price appeared vulnerable to a correction.

We also highlighted that the outlook would largely depend on the fundamental backdrop, particularly the tariff standoff between China and the United States.

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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Nike (NKE) Share Price Falls to Lowest Level Since 2017

The chart for Nike (NKE) shows that the share price has dropped to around $55 – levels last seen in November 2017.

Since the start of 2025, the stock has declined by approximately 27%.

Why Has Nike’s Share Price Dropped?

As noted in our analysis from September 2024, Nike shares had been trending downward for several months due to intense competition. However, President Trump’s tariffs have become the dominant bearish factor.

This is largely because Nike relies heavily on manufacturing operations in Asia – many of which have been directly affected by the newly imposed tariffs.

What’s Next?
According to the Wall Street Journal, manufacturers are taking a wait-and-see approach. They’re reluctant to shift production out of Asia, which could mean higher prices for American consumers. A full return to U.S. production is unlikely due to:

→ a shortage of skilled workers and suppliers;
→ significantly higher wages in the U.S. compared to Asia;
→ relocating production from Asia is a complex business migration, not just a factory move – a process many companies might not be prepared for.

Some firms are reducing their margins or optimising logistics, but most are hoping to weather the storm or delay major changes.

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.