Daily Market Analysis By FXOpen

[FXOpen Trader]

WTI Oil Price Rises Above $100


Another shocking Monday for the energy market. Last week's start was remembered for a bullish gap of more than 10% (which was later followed by a pullback), but today's market open proved even more volatile (as reflected by the ATR indicator). After a bullish gap of roughly 11%, the price continued to climb, reaching a peak of around $114 per barrel of WTI during the Asian session. This is the highest price since 2022.

The drivers of the rally are obvious – the escalation of the war in the Middle East, with more countries becoming involved. Risks have reached a critical point, with discussions emerging around the scenario of a complete blockade of shipping through the Strait of Hormuz. In such a case, oil-producing countries could invoke force majeure as grounds for halting supplies.



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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]

Dollar Index (DXY) Hits Yearly High


Today, the dollar index rose above last week's peak around the 99.68 level, setting a new high for 2026. This movement is supported by a tense fundamental backdrop:

→ Inflationary pressures from rising oil prices. Markets may be pricing in a "higher for longer" scenario, with elevated Fed rates persisting.

→ Safe-haven demand. Escalation in the Middle East—including strikes on Iran and the rise of hardline leader Mojtaba Khamenei in Tehran—may push market participants towards defensive strategies and the US dollar.

→ Weakness in other currencies. The Middle East conflict can weigh on the yen and euro, as European and Japanese economies remain highly sensitive to energy prices.



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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]

Fair Value Gaps (FVGs) and Liquidity Voids – Differences & Strategies


Fair value gaps (FVGs) and liquidity voids highlight moments when price moves aggressively due to order imbalances. While they are closely related within the Smart Money Concept (SMC) framework, they differ in scale, structure, and trading application. This article explains how each forms, how they interact, and how traders may incorporate them into a structured market analysis approach.

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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]

EUR/USD Chart Analysis: Pair Rebounds from the Year's Low


Analysing the EUR/USD chart five days ago, we:
→ constructed a downward channel, noting signs that the bears remained in control;
→ outlined a scenario in which the rate would decline to a new yearly low (and test the lower boundary of the channel).

Yesterday's price action confirmed these assumptions – the low at H is below the low of 3 February (F), refining the lower boundary of the channel. At the same time, the sharp upward reversal (shown by the arrow) indicates increasing demand, driven by a shift in sentiment due to several factors, including:

→ Trump's speech, in which the president stated that the war in Iran is progressing successfully and that he has contingency plans for any scenario. This cooled demand for the USD as a safe-haven asset.

→ Expectations of US inflation data scheduled for release tomorrow.



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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 Holds Near Key Support


As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions.

Bullish view: the key support is the lower boundary of the long-term channel that has been in place since the beginning of 2026.

Bearish view: pressure on the price comes from statements by President Trump suggesting that the conflict in the Middle East could end soon. Yesterday, the US president described the operation in Iran as a "small incursion" and a "short-term" measure, which helped ease geopolitical risks and reduce demand for 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]

Euro Recovers Early-Week Losses Ahead of Key Inflation Data


The euro is strengthening after declining earlier in the week. During the first trading sessions the single currency remained under pressure, but was later followed by a sharp rebound. The recovery was supported by easing geopolitical tensions in the Middle East, where signs have emerged of a slowdown in the escalation surrounding Iran. The reduction in geopolitical risks has weakened demand for safe-haven assets and allowed European currencies to partially recover their losses.

At the same time, market participants remain cautious as important inflation figures from both the eurozone and the United States are due to be released soon.

Inflation data remain a key factor shaping expectations for the future policy path of central banks. Higher inflation in the US could strengthen the dollar by reinforcing expectations that the Federal Reserve will maintain a tight monetary policy stance. Meanwhile, accelerating inflation in Europe could support the euro, as it would strengthen arguments for the European Central Bank to keep interest rates elevated for a longer period.

Overall, the current movement in major euro pairs appears largely corrective, while the next directional move will likely depend on the upcoming macroeconomic releases.



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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]

XTI/USD Chart Analysis: Oil Prices Remain Volatile


Against the backdrop of military developments in the Middle East, the situation in the oil market is evolving rapidly. Only two days have passed since 9 March, when we published a morning analytical note in which we:

→ highlighted the rise of XTI/USD above $100 and a sharp spike in volatility (as reflected by the ATR indicator);
→ outlined an ascending channel and pointed to signs of a bearish engulfing pattern, suggesting that sellers were gaining the initiative.

Subsequent price action in the following hours confirmed that selling pressure was strong enough to break below the lower boundary of the channel later that same day. This occurred amid statements from President Trump, and a wide bearish candle formed on the XTI/USD chart.

On 10 March, the former lower boundary of the channel (marked by red arrows) acted as resistance while traders closely monitored developments around the Strait of Hormuz. According to The Wall Street Journal, the International Energy Agency proposed the largest oil reserve release in its history, which added another bearish factor for 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]

S&P 500 Fluctuates Ahead of CPI Report


As the S&P 500 chart (US SPX 500 mini on FXOpen) shows, the index is trading near the 6,800 level this morning. However, the balance between supply and demand could change significantly after the release of the Consumer Price Index (CPI) report scheduled for 15:30 GMT+3.

Against the backdrop of military developments in the Middle East and sharp movements in oil prices (as we previously noted, the WTI market remains volatile), today's data will be an important factor for traders assessing the future policy path of the Federal Reserve. According to Forex Factory, analysts expect headline inflation to remain at 2.4%.



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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.