Daily Market Analysis By FXOpen

[FXOpen Trader]

Spotting Market Momentum: 5 Popular Momentum Indicators


Momentum indicators are important tools for traders seeking to evaluate the strength and speed of price movements. These technical analysis instruments are used by traders to identify potential entry and exit points, confirm market signals, and filter market noise. In this article, we review five momentum indicators that remain widely used by traders to support them in their  decision-making in volatile markets.

What Is a Momentum Indicator?
Momentum in technical analysis refers to the rate at which an asset's price accelerates or decelerates. Understanding momentum may assist traders in identifying potential trend continuations or reversals.

A momentum indicator is a technical analysis tool that measures how quickly and strongly an asset's price is moving. Instead of showing the direction of the trend, it highlights the strength behind price movements. By comparing price changes over a set period, momentum indicators can help traders see if a market is gaining or losing strength. This information is often used to spot potential overbought or oversold conditions and to identify possible entry or exit points.

A stock momentum indicator like the Relative Strength Index (RSI), for instance, may indicate that stocks are currently bought or sold too heavily and their price is due for a reversal.

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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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Market Analysis: EUR/USD Rallies While USD/JPY Shows Weakness


EUR/USD started a decent upward move above 1.1770. USD/JPY declined below 147.00 and is currently consolidating losses.

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

• The Euro found support and started a recovery wave above the 1.1770 resistance zone.
  
• There is a connecting bullish trend line forming with support at 1.1825 on the hourly chart of EUR/USD at FXOpen.
  
• USD/JPY is trading in a bearish zone below 147.00.
  
• There is a short-term bearish trend line forming with resistance at 146.65 on the hourly chart at FXOpen.
  

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from 1.1660. The pair even settled above 1.1800 and the 50-hour simple moving average. Finally, it tested the 1.1880 resistance. A high is formed near 1.1878 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 1.1660 swing low to the 1.1878 high.

Immediate support is near a connecting bullish trend at 1.1825. The next area of interest could be 1.1795 and the 50-hour simple moving average.

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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 the Fed's Decision: Euro and Franc at Yearly Highs


European currencies continued their rally this week, setting fresh yearly highs: the euro and the Swiss franc consolidated at new levels, supported by a weaker US dollar and expectations of a Federal Reserve rate cut. The key question remains whether this rise will develop into a new bullish impulse or give way to a correction.

Today, the Federal Reserve is set to deliver its crucial interest rate decision. The market is almost certain of a 25-basis-point cut, driven by signs of a cooling labour market. The decision comes against a backdrop of unprecedented political pressure and ongoing legal proceedings, raising concerns about the Fed's independence and the composition of its board.

Investors will focus closely on Jerome Powell's comments and the updated macroeconomic projections, which are expected to provide guidance for the remaining meetings this year. The central intrigue is the size of the rate reduction the Fed will signal.  A dovish Fed stance could support further gains for the euro and the franc against the dollar, while a cautious tone would heighten the risk of a pullback. However, the further trajectory of EUR/USD and USD/CHF will depend not only on Powell's rhetoric but also on incoming data from the US, the eurozone, and Switzerland.

EUR/USD


The EUR/USD pair yesterday broke out of the 1.1570–1.1760 range, where it had been trading for several weeks. A new yearly high was recorded at 1.1830. Technical analysis suggests the potential for further upside towards 1.1900–1.2000, provided that 1.1830 holds as a support level. However, if the daily candle closes below 1.1830 in the coming days, a downward correction may follow.

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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 Holds Near Record High Ahead of Fed Announcement


At 21:00 GMT+3 today, the Federal Reserve will announce its interest rate decision, followed by Jerome Powell's press conference. The rate is widely expected to be cut from 4.25%–4.50% to 4.00%–4.25%.

This will conclude a prolonged intrigue fuelled by President Trump:
→ his constant criticism of Powell for pursuing an "overly tight" policy;
→ the decision to dismiss Federal Reserve Board member Lisa Cook, which markets perceived as direct pressure on the regulator's independence.

In anticipation of the outcome, traders are showing optimism. The S&P 500 index (US SPX 500 mini on FXOpen) reached a new all-time high yesterday, climbing above 6,640 points. This morning the price pulled back slightly, which can be interpreted as a short-term correction ahead of a key event. Effectively, the market has already priced in the expected policy easing, viewing it as a catalyst for further 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]

Double Blow for the USD/CAD Market


Today, the USD/CAD market faces a "double blow" from central banks:
→ At 16:45 GMT+3, the Bank of Canada will announce its decision. The rate is expected to be cut from 2.75% to 2.50%.
→ At 21:00 GMT+3, the Federal Reserve will follow with its own rate announcement.

Both events will be accompanied by statements from the central bank chairmen on future outlooks, and the USD/CAD market is likely to experience heightened volatility today.



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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]

Scalping Tools: Indicators for Short-Term Trading


Scalping is a trading style based on frequent transactions within short timeframes, often lasting only a few seconds or minutes. The objective is to capture small fluctuations in price that occur during active market conditions. To manage such rapid decision-making, traders look for tools that can help them catch minor price changes. Technical indicators are among them. They can provide structured signals for entry and exit points. This article outlines the indicators frequently used in scalping and describes how they are applied in intraday trading.

Understanding Scalping Indicators
As you may know, scalping is a trading strategy where traders aim to take advantage of small price movements by executing numerous trades within short timeframes, often closing trades within a few minutes. This approach requires swift decision-making and precise timing.

Technical indicators may be important tools in this context, as they provide real-time data and insights into market trends, momentum, and volatility. Using these indicators, traders can identify optimal entry and exit points, potentially enhancing their ability to navigate the rapid pace of the market.

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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 Dollar and the Pound Shift Course As Markets Assess Central Bank Decisions


The US dollar fell sharply on Wednesday following the Federal Reserve's decision to cut rates by 0.25%. However, by the end of the session it had regained part of its losses, reflecting ongoing uncertainty over the regulator's next moves. The pound, meanwhile, after an initial rise on the back of the weaker dollar, turned lower ahead of today's Bank of England meeting, which could bring fresh volatility to the GBP/USD pair. The Bank of Canada meeting also added to the overall market mood, with the regulator signalling a cautious stance on future policy.

During today's trading, the market's attention is focused on fresh US releases: labour market data, initial jobless claims, as well as the Philadelphia Fed's business activity index and capital expenditure figures. These numbers could either support a corrective rebound in the dollar or renew pressure if they confirm an economic slowdown. For the pound, the key drivers will be the outcome of the Bank of England's voting and accompanying statements, with uncertainty still surrounding how far the regulator is willing to go in easing policy.

USD/CAD


Yesterday, the price tested 1.3730 and bounced sharply from that level, forming a bullish piercing line pattern. Technical analysis of USD/CAD suggests a potential continuation of the rise towards 1.3800–1.3820, in line with confirmation of the mentioned pattern. Should negative US data emerge, the pair may fall back towards 1.3730–1.3760.

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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 Falls After Fed Decision


Yesterday, as expected, the Fed lowered its rate from 4.25%–4.50% to 4%–4.25%. Although rate cuts are generally seen as supportive for gold, the XAU/USD chart shows bearish price dynamics: after a short-term spike above $3700 (a new all-time high), gold retreated sharply, forming a long bearish candlestick (marked with a red arrow).

This may be explained by the fact that expectations of a rate cut had already been priced in, while at the press conference the Fed Chair struck a less "dovish" tone than the market had hoped for. While Jerome Powell did voice concerns about the labour market, he gave no clear signal of readiness for aggressive or rapid further cuts.



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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]

Nasdaq 100 Analysis: Index Hits All-Time High


As the chart shows, today the Nasdaq 100 index (US Tech 100 mini on FXOpen) has, for the first time in history, climbed above the 24,500 level.

According to media reports, bullish sentiment was driven by the long-awaited Fed decision to cut interest rates for the first time in 2025.

Although the Fed also indicated it would remain cautious about further cuts, the easing acted as a bullish catalyst for the entire stock market – European equities also advanced today, with technology companies leading the way.



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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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How the Opening Range Breakout (ORB) Strategy Works in Trading


The first minutes after a market opens are often marked by heightened volatility, rapid price movements, and a surge in trading activity. This period reflects the reaction to overnight news, global events, and the positioning of market participants at the start of the session. These opening moves may provide a framework that can shape trading for the rest of the day.

In this article, we examine the Opening Range Breakout strategy, a widely used approach that focuses on this critical window of market activity and its potential implications for intraday trading.

Overview of the Opening Range Breakout Trading Strategy

The ORB, or the Opening Range Breakout, is a time-tested trading strategy that centres around identifying the price range established in the initial minutes of a market session. The strategy typically focuses on the price range formed within the first 5, 15, or 30 minutes after the market opens. Traders mark the highest and lowest points reached during this period as key levels. While some rely solely on this range, others also incorporate the prior day's closing price for additional context. Traders keen on trading the open range breakout pay close attention to these high and low levels, as a breakout or breakdown from these levels can indicate a strong trend.

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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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Meta Platforms (META) Shares Hold Steady After Mishap


An awkward moment occurred at the Meta Connect 2025 product presentation, where Mark Zuckerberg showcased innovations but ran into technical glitches:
→ The AI assistant built into the Ray-Ban Display smart glasses froze;
→ The neural bracelet, designed to control the interface with gestures, failed to answer a video call.

News of the mishap quickly spread across social media, with the blame for the issues pinned on Wi-Fi. Despite the reputational blow, META shares showed resilience. This suggests that investors are focusing on deeper, fundamental factors, including the potential of augmented reality and the social media giant's drive for greater efficiency.



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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 Was Important for the US Dollar Index (DXY) This Week


The long-awaited event — the Fed's first rate cut of 2025 — has taken place. What is particularly important to note is the price action on the US Dollar Index (DXY) chart.

The value of the USD against a basket of other currencies made a two-step move, forming a pin-bar candle with a long lower shadow:

→ Arrow 1: When the Fed actually announced the easing, the dollar weakened as expected on this "dovish news."
→ Arrow 2: But at the subsequent press conference, Fed Chair Jerome Powell delivered a series of "hawkish" remarks that shifted the market mood and drove the dollar higher. He stressed that this cut does not mark the beginning of "a series of continuous rate reductions," and that further decisions will be taken "based on incoming economic data."

Powell also stated plainly that the option of a more aggressive 50-basis-point cut had not gained sufficient support among FOMC members. Therefore, the "down-then-up" move highlights a sharp change in trader sentiment within a short timeframe, as expectations failed to materialise.



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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: AUD/USD and NZD/USD Trims Gains, Will Bears Take Full Control


AUD/USD failed to stay in a positive zone and declined below 0.6650. NZD/USD is also moving lower and might extend losses below 0.5845.

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

• The Aussie Dollar started a fresh decline from well above 0.6680 against the US Dollar.
  
• There is a connecting bearish trend line forming with resistance at 0.6610 on the hourly chart of AUD/USD at FXOpen.
  
• NZD/USD declined steadily from 0.6000 and traded below 0.5900.
  
• There was a break above a connecting bearish trend line with resistance at 0.5860 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 0.6700. The Aussie Dollar started a fresh decline below 0.6650 against the US Dollar.

The pair even settled below 0.6620 and the 50-hour simple moving average. There was a clear move below 0.6600. A low was formed at 0.6581 and the pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 0.6706 swing high to the 0.6581 low.

On the upside, immediate resistance is near a connecting bearish trend line at 0.6610 and the 50-hour simple moving average. The next major hurdle for the bulls could be near 0.6645 and the 50% Fib retracement.

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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]

Silver Price Hits 14-Year High


As shown on the XAG/USD chart, today the price of silver has climbed above $43.60 per ounce for the first time since 2011.

This may reflect expectations that the recent Federal Reserve interest rate cut will provide a boost to the global economy, where demand for silver is strengthening due to the growth of sectors such as solar energy, electric vehicles, and electronics. In addition, XAG/USD gains further support from gold, which today set a new record high above $3,720.



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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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Market Insights with Gary Thomson: US Durable Goods, GDP Final, PCE, Personal Income & Spending

In this video, we'll explore the key economic events and market trends, shaping the financial landscape. Get ready for expert 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 week's most critical events driving global markets.

👉 Key topics covered in this episode:
00:16 — US Durable Goods Orders
01:09 — US GDP Growth Rate QoQ Final
01:54 — US PCE Price Index, Personal Income & Personal Spending
03:00 — Trade Tensions

Gain insights to strengthen your trading knowledge.




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.