Daily Market Analysis By FXOpen

[FXOpen Trader]

Alphabet (GOOGL) Stock Hits 2025 Low


As seen on the Alphabet (GOOGL) stock chart, the price has dropped close to $156—a level not seen since September 2024.

Since the start of 2025, the stock has fallen by more than 18%.

Why Is GOOGL Falling?

As mentioned earlier today, overall market sentiment remains bearish due to the White House’s tariff policies.

For Alphabet (GOOGL), the situation has worsened today due to the following developments (as reported by the media):
➝ Google has admitted liability and agreed to pay $100 million in cash to settle a US class-action lawsuit accusing the company of overcharging advertisers, according to Reuters. Alphabet shares dropped 4.4%.
➝ Google’s division was found guilty of anti-competitive behaviour in India related to its app store billing system.




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: 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.

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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: 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.

[FXOpen Trader]

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.

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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]

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.



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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]

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.



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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 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.

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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 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.

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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 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.

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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 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.



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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]

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.



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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]

Currency Risks in International Stock Investment


In the realm of international stock investment, understanding and managing currency risks is pivotal. This risk can substantially influence the returns on global investments, making it essential for investors to grasp its nuances and develop strategies to mitigate its impact. Today, we’ll delve into different types of currency risks, factors influencing these risks, and effective ways to manage them.

Understanding Currency Risks

Currency risks, sometimes known as foreign currency exchange risks, are inherent in international stock investment. This currency exposure risk arises when the value of a foreign currency fluctuates, affecting the position’s value when converted back to the domestic currency.

To use an example of currency risk, consider an American investor who buys stocks in a European company. If the euro weakens against the US dollar, the value of these stocks in USD decreases, even if the stock's price in euros remains unchanged.

It's crucial for investors to understand these risks, as they can significantly impact the returns on global investments. Effectively managing this exposure may help in protecting and potentially enhancing returns in a globally connected market.

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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.

[FXOpen Trader]

Interest in the Dollar Declines Amid Trump's Escalating Trade Wars


The tariffs introduced by Trump yesterday on imports from various countries—20% on the EU, 34% on China, and 46% on Vietnam—have heightened uncertainty in the currency markets. As expected, these measures have contributed to increased volatility in major currency pairs. The actions of the White House administration have led to losses for the dollar, causing concern among investors. The tariffs also affect countries such as Taiwan (32%), Japan (24%), and South Korea (25%), which could significantly impact exchange rates. Amid global economic instability, market participants are focused on how these changes will affect the world economy.

USD/JPY
Yesterday, before Donald Trump's speech, the USD/JPY currency pair was trading near 150.00. Better-than-expected preliminary labour market data and a rise in US industrial orders for February (0.6% versus the forecast of 0.5%) contributed to a slight strengthening of USD/JPY. However, the US President’s announcement of trade tariffs led to sharp market fluctuations and a loss of more than 150 pips for USD/JPY within just a few hours. At present, the pair is trading below 148.00. A technical analysis of USD/JPY suggests a possible test of this year's March lows in the 147.20–146.70 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 Hits 2025 Low Following Trump's Tariff Announcement


As shown on the S&P 500 Index (US SPX 500 mini on FXOpen) chart, the benchmark US stock index dropped below 5,450 points for the first time in 2025. This decline reflects the US stock market’s reaction to the tariffs imposed by the White House on international trade.

According to Reuters:

→ President Donald Trump announced a 10% tariff on most goods imported into the United States, with Asian countries being hit the hardest.

→ This move escalates the global trade war. "The consequences will be devastating for millions of people worldwide," said European Commission President Ursula von der Leyen, adding that the 27-member EU bloc is preparing to retaliate if negotiations with Washington fail.

Financial Markets’ Reaction to Trump’s Tariffs
→ Stock markets in Beijing and Tokyo fell to multi-month lows.
→ Gold hit a new all-time high, surpassing $3,160.
→ The US dollar weakened against other major currencies.

The S&P 500 Index (US SPX 500 mini on FXOpen) is now trading at levels last seen in September 2024, before Trump's election victory.

Investor sentiment appears to have turned bearish, with growing concerns over the impact of Trump's tariffs, as fears mount that they could slow down the US economy and fuel inflation.



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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]

USD/CHF Falls to Its Lowest Level in Nearly Five Months


Today, the exchange rate of one US dollar against the Swiss franc dropped below 0.87000 francs—its lowest level since early November 2024.

Since the start of 2025, the USD/CHF pair has declined by more than 4%.

Why Is USD/CHF Falling Today?
On one hand, the US dollar is weakening against other currencies due to Trump’s decision to implement the previously announced tariffs on international trade, as mentioned in our previous post.

On the other hand, the Swiss franc is gaining strength due to its appeal as a safe-haven asset. Furthermore, this morning’s release of the Consumer Price Index (CPI) showed that inflation in Switzerland remains at zero, increasing the franc’s value at a time when tariff conflicts pose risks to the global economy.



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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.