Daily Market Analysis By FXOpen

[FXOpen Trader]

Stock Markets Rise Amid US–China Trade Deal Progress


As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) formed a bullish gap at Monday's market open and, as of this morning, is trading at its highest level since early March.

This is driven by the announcement from the Trump administration of progress in securing a trade deal with China, following weekend negotiations held in Switzerland. Treasury Secretary Scott Bessent described the two-day talks with Chinese officials in Geneva as "productive", adding that more detailed information would be shared on Monday.

As a reminder, the US imposed tariffs of 145% on Chinese goods, to which Beijing responded with a 125% levy on American imports.



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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.

[FXOpen Trader]

Tesla Shares (TSLA) Hit Two-Month High


During Friday's trading session, Tesla shares briefly rose above the $300 mark — the first time in over two months. Although the daily candle closed below this key psychological level, TSLA still outperformed the broader stock market.

This move was supported by:

→ Investor approval of Elon Musk's late-April pledge to spend less time on the Department of Government Efficiency (DOGE) and focus more on his role at the company.

→ A recent announcement from the Trump administration regarding a trade deal with the UK, alongside hints that more agreements may follow — potentially alluding to US-China negotiations.



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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.

[FXOpen Trader]

Market Insights with Gary Thomson: 12 - 16 May

Market Insights with Gary Thomson: US Inflation Rate, UK GDP Growth 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:
— US Inflation Rate
— UK GDP Growth 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.

[FXOpen Trader]

Learning from Experienced Traders


Trading education is a multistage process that requires immersion in information and a lot of reading. But that doesn't mean that it has to be boring. In our article on trader success stories, we've already shared some inspiring personal cases of experienced traders and discussed their character and behavioural traits. This FXOpen article covers several techniques used by successful traders that you may have never heard of.

Why Is Trading Education Important?

According to research conducted by SMB Capital, many traders fail due to cognitive biases and a lack of developmental focus. They found that there are only a few platforms for people seeking to improve their knowledge and skills in financial markets.

However, successful trading can be nurtured through structured development programmes such as mentoring and internal universities, as well as internship and training schemes. Leading financial organisations like Tiger Cub and Goldman Sachs cultivate talent and provide opportunities for traders to learn, train, and improve their skills.

One of the most important conclusions made by researchers is that it's best for an aspiring trader not to try to do this alone. Traders should try looking for training in organisations that actively promote talent development. Additionally, learning from traders who have been working in this field for longer is significantly accelerated by mentoring, coaching, and teamwork.

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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.

[FXOpen Trader]

Hang Seng Index Pulls Back as Trade Deal Optimism Fades


Yesterday, Hong Kong's Hang Seng Index (Hong Kong 50 on FXOpen) climbed above the 23,600 mark, supported by progress made during US–China tariff negotiations.

However, today the Hang Seng Index (HSI) has dropped towards the 23,100 level, which may be explained by fading optimism that dominated the market a day earlier.

According to Reuters, Christopher Hodge, Chief Economist at investment bank Natixis, stated that "these talks will yield nothing of long-term value. Ultimately, tariffs will still be significantly higher and will weigh on US economic growth."



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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.

[FXOpen Trader]

Amazon (AMZN) shares jump more than 7%


As shown in the Amazon (AMZN) share chart, the price surged by over 7% yesterday, breaking above the key psychological level of $200 and closing at its highest point since early March.

The sharp rise in demand was driven by reports of a trade truce between the US and China following talks in Geneva. According to Reuters, the US has decided to lower the "de minimis" threshold on goods from China. This move could help de-escalate a potentially damaging trade war between the world's two largest economies. For AMZN stock, this is a bullish signal, as Amazon sells a wide range of low-cost Chinese goods.



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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.

[FXOpen Trader]

Difference Between the Exponential Moving Average and the Simple Moving Average


In the dynamic world of trading, where precision and insight are paramount, traders wield an extensive toolkit to navigate the ever-evolving financial landscape. Technical analysis emerges as a pivotal resource in this arsenal, enabling traders to dissect historical price data, identify chart patterns, and grasp the prevailing market direction. This FXOpen article aims to explore the simple moving average vs the exponential moving average, offering valuable insights into how these two distinct indicators can be employed to decipher and anticipate market trends.

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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.

[FXOpen Trader]

Market Analysis: GBP/USD Edges Higher as EUR/GBP Loses Ground


GBP/USD is attempting a fresh increase above the 1.3270 resistance. EUR/GBP declined steadily below the 0.8460 and 0.8440 support levels.

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

• The British Pound is attempting a fresh increase above 1.3250.
  
• There was a break above a key bearish trend line with resistance at 1.3270 on the hourly chart of GBP/USD at FXOpen.
  
• EUR/GBP is trading in a bearish zone below the 0.8460 pivot level.
  
• There was a break above a connecting bearish trend line with resistance near 0.8410 on the hourly chart at FXOpen.
  

GBP/USD Technical Analysis


On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3440 resistance. As mentioned in the previous analysis, the British Pound traded below the 1.3200 support against the US Dollar.

Finally, the pair tested the 1.3140 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.3215.

There was a break above a key bearish trend line with resistance at 1.3270. The pair surpassed the 50% Fib retracement level of the downward move from the 1.3402 swing high to the 1.3139 low. It is now showing positive signs above 1.3300.

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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.

[FXOpen Trader]

Yen and Euro Test Local Lows


Amid easing inflation in the US and softer rhetoric surrounding trade relations with China, the US dollar has strengthened against major currencies, including the yen and the euro. Inflation data released yesterday came in below analysts' expectations, which would typically put downward pressure on the dollar. However, the market responded differently this time: the decline in inflation was interpreted as a sign of economic resilience, reducing the urgency for the Federal Reserve to cut interest rates. Additional support for the dollar came from news that the Trump administration had reached an agreement with China to temporarily delay the introduction of new trade tariffs.

EUR/USD


Earlier this week, sellers in the EUR/USD pair managed to extend the downward correction, testing key support around the 1.1100 level. EUR/USD technical analysis suggests a potential return of upward momentum, as a bullish harami candlestick pattern has formed on the daily EUR/USD chart. If the price falls below 1.1070, the pair may test the 1.1000–1.0950 range.

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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.

[FXOpen Trader]

S&P 500 Index May Lose Upward Momentum


Yesterday's inflation data release held no major surprises, as the actual Consumer Price Index (CPI) figures came in close to analysts' forecasts.

According to Forex Factory:
→ Annual CPI: actual = 2.3%, forecast = 2.4%, previous = 2.4%;
→ Monthly Core CPI: actual = 0.2%, forecast = 0.3%, previous = 0.1%.

Overall, stock indices rose yesterday, but according to media reports, this momentum may begin to slow in the near future:
→ UBS analysts downgraded their rating on US equities from "attractive" to "neutral" following the recovery from early April lows;
→ Goldman Sachs analysts believe that the US stock market rally could stall at current levels. In their view, the S&P 500 (US SPX 500 mini on FXOpen) is likely to reach 5900 over the next three months.



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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.

[FXOpen Trader]

Nvidia (NVDA) Share Price Jumps Over 5%


Nvidia (NVDA) shares surged to the $130 mark yesterday – a level not seen since late February 2025. This strong rise, marked by a wide bullish candlestick, helped Nvidia reclaim its status as a company valued at over $3 trillion.

Why Nvidia (NVDA) Shares Are Rising
The bullish sentiment has been driven by several factors, including:

→ Price increases on products: Nvidia has raised prices on its graphics cards and data centre chips. The GeForce RTX 5090 has risen by more than 10%, while the RTX 50 series is up by 5–10%.

→ News of a major contract: The company will supply chips to an AI start-up backed by Saudi Arabia. In addition, media reports suggest that the US government is considering a deal allowing the UAE to purchase up to 500,000 Nvidia chips annually until 2027.

All of this could positively impact Nvidia's revenue, encouraging investors to buy NVDA 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.

[FXOpen Trader]

Portfolio Diversification Techniques


When trading, you may encounter multiple risks. An asset may suddenly change its price trajectory as its value may be affected by external or internal factors. But if you look more globally, not at each asset individually, but at the portfolio as a whole, you can implement diversification strategies. Different assets react differently to changes in economic conditions, market sentiment, and political issues. With proper management, diversification techniques will help balance your portfolio.

In this FXOpen article, learn how to diversify your portfolio and how doing so can change your trading path, allowing you to control your risk across a variety of assets.

What Does It Mean to Diversify Your Portfolio?

Portfolio diversification means allocating investments across different assets to create a solid defence against market turbulence. Diversification is not just about not putting all your eggs in one basket; it's about making informed decisions and creating a balanced set of assets that define your future trades. It's also about maintaining balance, changing the composition of your portfolio depending on market conditions, and being attentive to each asset class.

Why Is It Important to Diversify Your Portfolio?
Think of diversification as your defence against the unpredictability of markets. It's your secret weapon for levelling the playing field. You embrace the power of risk mitigation when one losing trade won't hurt your entire portfolio. This makes your trading more predictable.

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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.

[FXOpen Trader]

Gold Price Drops to Lowest Level in Over a Month


As shown on the XAU/USD chart, the price of gold fell below $3,130 this morning – its lowest level since 10 April.

Since its peak in May, gold has lost more than 8% in value per ounce.

Why Is Gold Falling?
Bearish sentiment in the gold market may be fuelled by easing geopolitical tensions. According to media reports:

→ China and the US have already reported progress in reaching a trade agreement, while details of potential deals with India, Japan, and South Korea are currently being developed.

→ Iran is reportedly willing to sign a nuclear deal in exchange for the lifting of sanctions. In addition, Donald Trump may lift sanctions on Syria during his visit to the Middle East.

→ The situation between India and Pakistan has stabilised, and today, talks between Russia and Ukraine are expected to take place in Istanbul, with a potential ceasefire on the agenda.

These developments could be seen as reducing the appeal of gold as a safe-haven asset.



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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.

[FXOpen Trader]

Coinbase (COIN) Shares to Be Added to the S&P 500


According to media reports, shares of the cryptocurrency exchange Coinbase Global (COIN) are scheduled to be added to the S&P 500 index (US SPX 500 mini on FXOpen) on 19 May, replacing Discover Financial Services (DFS), which is in the final stages of being acquired by Capital One Financial (COF). The deal, having received all necessary approvals from regulators and shareholders of both companies, is expected to be completed on 18 May 2025.

As a result, Coinbase Global will become the first cryptocurrency-related company to be included in the S&P 500 index — a development that sent COIN shares surging to their highest level since late February. Inclusion in the S&P 500 is considered a bullish catalyst, as it suggests increased demand for the stock from index funds and signals improved prospects. Analysts have taken note; Rosenblatt Securities raised their price target for Coinbase Global Inc. (COIN) from $260 to $300.



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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.

[FXOpen Trader]

The Pound Trades Sideways Ahead of Key Macroeconomic Data Releases


Currency pairs GBP/USD and EUR/GBP continue to exhibit moderate volatility, consolidating within narrow ranges as markets await the release of GDP figures from both the UK and the eurozone. Market participants remain cautious, awaiting key economic indicators that could set the direction for these currency pairs.

Additional attention is focused on today's US trading session, which will feature a speech by Federal Reserve Chair Jerome Powell, along with the release of US retail sales data and the Producer Price Index (PPI). Against a backdrop of persistent disinflation and rising geopolitical uncertainty, investors will be closely analysing Powell's comments for any signals regarding the timing of future interest rate changes.

Any clear assessment of the US economy or a dovish shift in tone could have a significant impact on the dollar's trajectory — and by extension, influence the GBP/USD pair. Until then, the market is expected to remain in wait-and-see mode, with sideways movement likely to dominate.



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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.