Daily Market Analysis By FXOpen

[FXOpen Trader]

In September, the S&P 500 Index Reached a New All-Time High


September is a month that statistically has the worst reputation for the S&P 500 (US SPX 500 mini on FXOpen). However, in 2025 things may be different, as today the index hit a record high, rising above 6,520 points.

Bullish sentiment is being driven by:
→ expectations of an interest rate cut in September, which is believed will give the US economy a positive boost (and increase corporate profits);
→ yesterday's release of the ISM Services PMI (actual = 52.0, forecast = 50.9), which pointed to industrial growth;
→ strong corporate results – for example, Broadcom (AVGO) published a solid report yesterday.



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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 Over 4%


Amazon (AMZN) shares were among the top gainers in the equity markets yesterday, rising more than 4% and closing above $235 for the first time since February 2025.

The rally was fuelled by reports that Kuiper – Amazon's project aimed at providing internet access via a network of low-Earth orbit satellites – has signed a partnership agreement with JetBlue. From 2027, this will allow free Wi-Fi to be offered on board selected aircraft. As a result, Amazon's project is emerging as a new competitor to Elon Musk's Starlink.



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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: NZD/USD and AUD/USD Rally Attempts, Will Buyers Stay in Charge?


AUD/USD started a decent increase above 0.6580. NZD/USD is also rising and might aim for more gains above 0.5920.

Important Takeaways for AUD USD and NZD USD Analysis Today

• The Aussie Dollar started a decent increase above 0.6545 against the US Dollar.
  
• There was a break above a contracting triangle with resistance at 0.6530 on the hourly chart of AUD/USD at FXOpen.
  
• NZD/USD is consolidating gains above the 0.5880 pivot level.
  
• There was a break above a major bearish trend line with resistance at 0.5870 on the hourly chart of NZD/USD at FXOpen.
  

AUD/USD Technical Analysis


On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from 0.6500. The Aussie Dollar was able to clear 0.6520 to move into a positive zone against the US Dollar.

The bulls cleared a contracting triangle with resistance at 0.6530. There was a close above the 0.6550 resistance and the 50-hour simple moving average. Finally, the pair tested 0.6585. A high was formed near 0.6588 and the pair recently started a consolidation phase.

There was a move below the 23.6% Fib retracement level of the upward move from the 0.6501 swing low to the 0.6588 high. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6585.

An upside break above 0.6585 might send the pair further higher. The next stop is near 0.6640. Any more gains could clear the path for a move toward the 0.6700 handle.

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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]

Canadian Dollar Falls After Labour Market Data Release


On Friday, disappointing figures showed that in August the Canadian economy lost 65,500 jobs (the forecast had been for an increase of 10,000), while the unemployment rate rose to 7.1%. This is the highest level of unemployment since May 2016, excluding the pandemic period.

It is believed that:
→ the deterioration in the labour market (primarily in manufacturing) is a consequence of the trade war with the United States;
→ the fall in employment in Canada has increased the likelihood that the Bank of Canada will resume its monetary easing campaign.

As a result, the CAD weakened sharply against other currencies. However, the depreciation against the US dollar was less pronounced, as the USD itself is under pressure from various factors.



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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]

Nikkei 225 Rises Following Resignation of Prime Minister Shigeru Ishiba


As the chart shows, Japan's Nikkei 225 stock index (Japan 225 on FXOpen) today approached its historic peak (B) around the 43,900 level.

Bullish sentiment was driven by political news. According to Reuters, Prime Minister Shigeru Ishiba has stepped down. The leading candidate to replace him, Sanae Takaichi, is regarded as a supporter of stimulus measures and unprecedented monetary easing – a bullish factor for companies.



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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]

Learning Popular Reversal Signals: 10 Candlestick Patterns


Spotting market reversals early is one of the most valuable skills a trader can develop. Candlestick patterns may provide a clear visual representation of price dynamics, which may help identify shifts in sentiment before they fully unfold. When applied correctly, they can serve as important parts of trading strategies.

This article examines 10 candlestick reversal patterns that experienced traders rely on to navigate both bullish and bearish turning points.

What Are Reversal Candlestick Patterns?
Reversal candlesticks are important formations in technical analysis that signal a potential shift in the direction of an asset's price. These patterns are observed within candlestick charts, where each "candle" reflects the opening, closing, high, and low prices for a specific period. Reversal patterns suggest that the current trend, whether upward or downward, may be losing momentum, providing a signal for traders to enter or exit the market before the trend reverses.

Reversal candlestick patterns come in both bullish and bearish forms. A bullish reversal indicates the potential end of a downward trend and the beginning of an upward movement, while a bearish reversal suggests the end of an uptrend and the start of a downtrend. Some common reversal patterns include the hammer, shooting star, engulfing candles, and three black crows or three white soldiers.

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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]

What Is a Change of Character in the Smart Money Concept?


Mastering Smart Money Concept (SMC) trading hinges on recognising pivotal market shifts such as the Change of Character (CHoCH). This price action pattern serves as a signal of potential trend reversals, which may be used by traders to adjust positions and manage risk. In this article, we break down the CHoCH pattern, show how it differs from other structural shifts, and provide an example of how it might be applied on a real price chart.

Understanding Breaks of Structure
Understanding Breaks of Structure (BOS) is essential for traders before delving into concepts like Change of Character (CHoCH). A BOS in trading signifies a continuation within the current trend and is marked by a clear deviation from established swing points that indicate previous highs and lows.

In the context of an uptrend, a BOS is identified when the price exceeds a previous high without moving below the most recent higher low. This action confirms that the upward momentum is still strong and likely to continue as buyers push the market to new heights.

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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]

Analytical Euro to US Dollar Forecast for 2025 and 2026


EUR/USD has undergone a remarkable turnaround recently, rebounding from multi-year lows in early 2025 to levels above 1.17 in 2025 as shifting Fed policy expectations and a steadier Eurozone outlook reshape market sentiment. With analytical euro to dollar predictions pointing to moderate gains into 2026, here's what to know about the key economic triggers that could define the next stage of the pair's trajectory.

Historical Context and Recent Trends (2020–2025)
From 2019 to the present, the EUR/USD currency pair has navigated through turbulent economic waters, influenced by a series of global events and differing monetary policies between Europe and the United States.

Initially, the euro experienced a gradual depreciation against the dollar, moving from around 1.14 at 2019's open to close the year at 1.12. This was largely due to the European Central Bank's (ECB) continuation of its quantitative easing program, coupled with its persistently low interest rate of 0%.

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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]

US Dollar Index (DXY) Drops to 7-Week Low Ahead of Key Inflation Data


As the US Dollar Index (DXY) chart shows, the value of the USD against a basket of other currencies has fallen below 97.30 – its lowest level since late July.

The reasons lie in market sentiment ahead of major data releases:
→ On Wednesday at 15:30 GMT+3, Producer Price Index (PPI) figures will be published; a month ago they came in extremely high.
→ On Thursday at 15:30 GMT+3, Consumer Price Index (CPI) figures are due.

These releases are particularly significant as next week the Federal Reserve is set to announce its decision on interest rates – a 25-basis-point cut is widely expected.



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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]

XAU/USD Analysis: 3 Reasons Why Gold's Rally Might Pause


Today's XAU/USD chart shows that gold continues to set records in September. The price has risen above $3,650 per ounce for the first time in history – one of the main drivers being expectations of a Federal Reserve rate cut on Wednesday, 17 September.

Easier monetary policy is generally seen as boosting gold's appeal – this has pushed XAU/USD nearly 6% higher since the start of September. However, the chart highlights three reasons why further upside may be limited.



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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]

Analysing Supply and Demand Trading Structures


A clear understanding of supply and demand zones allows traders to analyse market structure, anticipate possible price reactions, and study trend development. These zones represent areas where buying or selling pressure has historically influenced price movement, offering valuable context for evaluating future market scenarios. By observing how price interacts with these levels, traders may distinguish between strong and weak signals within different market conditions. This article outlines four primary supply and demand patterns, examining their characteristics and methods of application within trading strategies.

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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 Market Awaits ECB Signals: The Euro Loses Some Ground


European currency is consolidating and retreating slightly from local highs ahead of the ECB meeting. Friday's weak US labour market data gave the euro a boost, but at the start of the week the market remained undecided on how to interpret the signals: after an attempt to strengthen, a correction followed, and traders returned to a wait-and-see approach. In the coming sessions, attention will be focused on the ECB's decisions, updated macroeconomic forecasts, and comments from the ECB President, as well as on US releases that could influence expectations for the Fed (mortgage data and producer price indicators). In this environment of uncertainty, trading remains range-bound: a break above Friday's highs in the euro would require confirmation from ECB rhetoric and weak US data; in the absence of such signals, the base case remains further consolidation with the risk of a deeper correction towards support levels.

EUR/USD


The pair has pulled back from recent highs and is holding near short-term support, reflecting caution ahead of the European regulator's rhetoric. Technical analysis of EUR/USD suggests a possible decline towards 1.1600–1.1630, as a bearish engulfing pattern has formed on the daily timeframe. If the price returns above 1.1740, a retest of Friday's highs near 1.1800 is possible.

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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: Gold Rockets to New High While WTI Crude Oil Struggles


Gold price rallied to a new all-time high above $3,670. Crude oil is showing bearish signs and might decline below $62.25.

Important Takeaways for Gold and WTI Crude Oil Price Analysis Today

• Gold price started a major increase from $3,500 against the US Dollar.
  
• A key bullish trend line is forming with support at $3,635 on the hourly chart of gold at FXOpen.
  
• Crude oil price failed to clear the $65.60 region and started a fresh decline.
  
• There is a short-term bullish trend line forming with support at $62.25 on the hourly chart of XTI/USD at FXOpen.
  

Gold Price Technical Analysis


On the hourly chart of Gold at FXOpen, the price formed a base above $3,500. The price remained in a bullish zone and started a strong increase above $3,550.

There was a decent move above the 50-hour simple moving average and $3,620. The bulls pushed the price above the $3,640 and $3,650 resistance levels. Finally, the price climbed to a new all-time high at $3,674 before there was a pullback.

The price dipped below the 23.6% Fib retracement level of the upward move from the $3,511 swing low to the $3,674 high, and the RSI declined below 50. Initial support on the downside is near $3,635 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.

[FXOpen Trader]

Apple Shares (AAPL) Fall After iPhone 17 Launch


Yesterday, Apple unveiled its new products, including the iPhone 17. The new model features a sleeker form factor, an improved display and battery, and a new processor. However, analysts believe the model lacks the breakthrough impact needed to drive the stock higher.

The charts confirm this: while the main stock indices rose yesterday, AAPL shares fell by around 1.5%.



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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]

Oil Prices Rise on Geopolitical Factors


As the XBR/USD chart shows, Brent crude opened this week's trading around $65.70, but today the price is near $66.80 (around +1.7%).

Oil is being pushed higher by geopolitical factors, including:
→ Israel's strike on Hamas leadership in Qatar;
→ Trump's calls for Europe to impose tariffs on buyers of Russian oil.

It is also worth noting that over the weekend an OPEC+ meeting took place. Although the decision was made to increase production, the volumes were smaller than analysts had 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.